W.E.C. BELGIUM
ActiveW.E.C. BELGIUM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314k and a net result of €24k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74=
Solvency81▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.19 in 2024; short-term debt: 43.5% and cash: 8.2% of total assets), and 43.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.5%
Return on assets
4.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
71 d early
2023
63 d early
2022
31 d early
2021
37 d early
2020
51 d early
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€314k▲ 8.2%
2024 · €290k
2018: €189k
2019: €202k
2020: €218k
2021: €233k
2022: €250k
2023: €269k
2024: €290k
2018 → 2025
Total assets
€556k▲ 6.1%
2024 · €524k
2018: €293k
2019: €363k
2020: €367k
2021: €423k
2022: €481k
2023: €460k
2024: €524k
2018 → 2025
Net result
€24k▲ 10.7%
2024 · €21k
2018: €6k
2019: €12k
2020: €16k
2021: €15k
2022: €18k
2023: €19k
2024: €21k
2018 → 2025
Working capital
€299k▲ 7.8%
2024 · €278k
2018: €181k
2019: €193k
2020: €197k
2021: €216k
2022: €238k
2023: €252k
2024: €278k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€233k-€250k▲ 7.6%€269k▲ 7.6%€290k▲ 7.9%€314k▲ 8.2%
Operating result€31k-€38k▲ 20.5%€37k▼ 1.1%€39k▲ 5.8%€42k▲ 7.9%
Net result€15k-€18k▲ 19.2%€19k▲ 7.8%€21k▲ 13.0%€24k▲ 10.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556k
Fixed assets
€15k▲ 15.7%
Current assets
€542k▲ 5.8%
Equity and liabilities €556k
Equity
€314k▲ 8.2%
Debt
€242k▲ 3.5%
The debt ratio falls from 44.6% to 43.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €43k
Cash flow
€28k▲
2024 · €25k
Solvency
56.5%▲
2024 · 55.4%
Current ratio
2.24▲
2024 · 2.19
Quick ratio
2.24▲
2024 · 2.19
Debt / equity
0.77▼
2024 · 0.81
ROE
7.5%▲
2024 · 7.4%
ROA
4.3%▲
2024 · 4.1%
Interest coverage
15.24▼
2024 · 15.31
Debt
€242k▲
2024 · €234k
Debt ≤ 1 year
€242k▲
2024 · €234k
Income taxes
€16k▲
2024 · €15k
Staff costs
€1.27M▲
2024 · €1.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€524k€556k▲
Fixed assets21/28€13k€15k▲
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24-€674
Financial fixed assets28€8k€11k▲
Current assets29/58€512k€542k▲
Amounts receivable within one year40/41€413k€489k▲
Trade receivables40€398k€483k▲
Other amounts receivable41€15k€6k▼
Cash at bank and in hand54/58€83k€46k▼
Deferred charges and accrued income490/1€15k€7k▼
Equity and liabilities
Total equity and liabilities10/49€524k€556k▲
Equity10/15€290k€314k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€270k€294k▲
Amounts payable17/49€234k€242k▲
Amounts payable within one year42/48€234k€242k▲
Trade debts44€37k€19k▼
Suppliers440/4€37k€19k▼
Taxes, remuneration and social security45€197k€223k▲
Taxes450/3€44k€48k▲
Remuneration and social security454/9€154k€175k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.17M€1.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€3k€17k▲
Gross operating margin9900€1.22M€1.33M▲
Operating profit (loss)9901€39k€42k▲
Financial income75/76B-€87
Recurring financial income75-€87
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€37k€40k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€21k€24k▲
Profit (loss) for the period to be appropriated9905€21k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€270k€294k▲
Profit (loss) brought forward from the previous period14P€249k€270k▲
Social balance
Average headcount (FTE)908714.114.6▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €24k ▲10.7%
Operating result €42k, net result €24k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Equity above €200kEq €202k ▲6.6%
2 profitable years in a row build equity to €202k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2023
Nicolaas Valkenier: Resigned as Director
01-05-2020
Marleen Maes: Resigned as Manager
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Noorderlaan 1392030 AntwerpenGround area
9,863 m²
Building footprint
1,162 m²
Volume, LiDAR
45,594 m³
Parcel 11807G1698/00E000, Flanders · tallest building 52.5 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
WHMB
since 20052.147.731.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1698/00E000 | Flanders | 9,863 m² | 1 · 1,162 m² | 52.5 m · 14 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0540.774.010
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SKALL GROUP
BE 0765.805.991
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INTERNATIONAL FREIGHT FORWARDING SERVICES
BE 0454.136.281
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NOVA LOGISTICS
BE 0795.244.503
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HIMILCO
BE 0563.489.727
Mortsel · Eq €313k
Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,445 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2004
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
63403
63405
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.