W.E. TRADE
ActiveW.E. TRADE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.20M and a net result of €92k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-30
Solvency76▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.84 in 2024; short-term debt: 27.2% and cash: 34.3% of total assets), and 48.7% 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
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
51.3%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d late
2023
27 d late
2022
3 d early
2021
3 d early
2020
8 d early
2019
33 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.20M▼ 2.3%
2024 · €1.23M
2018: €336k
2019: €410k
2020: €466k
2021: €557k
2022: €798k
2023: €915k
2024: €1.23M
2018 → 2025
Total assets
€2.34M▼ 8.5%
2024 · €2.56M
2018: €1.41M
2019: €1.40M
2020: €1.35M
2021: €1.82M
2022: €2.07M
2023: €2.17M
2024: €2.56M
2018 → 2025
Net result
€92k▼ 76.2%
2024 · €386k
2018: €57k
2019: €73k
2020: €57k
2021: €91k
2022: €241k
2023: €174k
2024: €386k
2018 → 2025
Working capital
€571k▼ 8.8%
2024 · €627k
2018: €-13k
2019: €3k
2020: €54k
2021: €2k
2022: €218k
2023: €288k
2024: €627k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€557k-€798k▲ 43.2%€915k▲ 14.6%€1.23M▲ 34.2%€1.20M▼ 2.3%
Operating result€138k-€357k▲ 158%€272k▼ 23.7%€511k▲ 87.8%€152k▼ 70.2%
Net result€91k-€241k▲ 164%€174k▼ 27.6%€386k▲ 122%€92k▼ 76.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.34M
Fixed assets
€1.13M▼ 4.6%
Current assets
€1.21M▼ 11.9%
Equity and liabilities €2.34M
Equity
€1.20M▼ 2.3%
Debt
€1.14M▼ 14.3%
The debt ratio falls from 52.0% to 48.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€271k▼
2024 · €632k
Cash flow
€211k▼
2024 · €507k
Solvency
51.3%▲
2024 · 48.0%
Current ratio
1.90▲
2024 · 1.84
Quick ratio
1.85▲
2024 · 1.82
Debt / equity
0.95▼
2024 · 1.08
ROE
7.6%▼
2024 · 31.4%
ROA
3.9%▼
2024 · 15.1%
Interest coverage
4.11▼
2024 · 11.55
Debt
€1.14M▼
2024 · €1.33M
Debt ≤ 1 year
€637k▼
2024 · €744k
Debt > 1 year
€502k▼
2024 · €585k
Income taxes
€24k▼
2024 · €130k
Staff costs
€195k▼
2024 · €196k
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€2.56M€2.34M▼
Fixed assets21/28€1.19M€1.13M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.19M€1.13M▼
Land and buildings22€1.05M€976k▼
Plant, machinery and equipment23€80k€112k▲
Furniture and vehicles24€59k€42k▼
Current assets29/58€1.37M€1.21M▼
Stocks and contracts in progress3€18k€30k▲
Stocks30/36€18k€30k▲
Amounts receivable within one year40/41€580k€355k▼
Trade receivables40€571k€318k▼
Other amounts receivable41€9k€38k▲
Cash at bank and in hand54/58€763k€802k▲
Deferred charges and accrued income490/1€10k€20k▲
Equity and liabilities
Total equity and liabilities10/49€2.56M€2.34M▼
Equity10/15€1.23M€1.20M▼
Contributions10/11€88k€25k▼
Reserves13€1.14M€1.17M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.12M€1.16M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.33M€1.14M▼
Amounts payable after more than one year17€585k€502k▼
Financial debts170/4€585k€502k▼
Amounts payable within one year42/48€744k€637k▼
Current portion of amounts payable after more than one year42€103k€83k▼
Trade debts44€329k€250k▼
Suppliers440/4€329k€250k▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€123k€104k▼
Taxes450/3€96k€77k▼
Remuneration and social security454/9€26k€27k▲
Other amounts payable47/48€188k€198k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€133€0▼
Remuneration, social security and pensions62€196k€195k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€119k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€40k€43k▲
Gross operating margin9900€868k€518k▼
Operating profit (loss)9901€511k€152k▼
Financial income75/76B€60k€30k▼
Recurring financial income75€60k€30k▼
Financial charges65/66B€55k€66k▲
Recurring financial charges65€55k€66k▲
Profit (loss) for the period before taxes9903€516k€116k▼
Income taxes67/77€130k€24k▼
Profit (loss) for the period9904€386k€92k▼
Profit (loss) for the period to be appropriated9905€386k€92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€549k€92k▼
Profit (loss) brought forward from the previous period14P€163k€0▼
Transfer from equity791/2€73k€57k▼
Transfer to equity691/2€549k€92k▼
To the legal reserve6920€549k€0▼
To other reserves6921€0€92k▲
Profit to be distributed694/7€73k€57k▼
Return on contributions (dividend)694€73k€57k▼
Social balance
Average headcount (FTE)90873.63.7▲
The notes to these accounts (19 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €386k ▲122%
Operating result €511k, net result €386k, both a record.
31-12
Financial
Equity above €1MEq €1.23M ▲34.2%
7 profitable years in a row build equity to €1.23M.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €557k ▲19.6%
4 profitable years in a row build equity to €557k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €57k ▼22.7%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2004
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.
Slakweidestraat(M) 403630 MaasmechelenGround area
9.8 ha
Building footprint
2.5 ha
Volume, LiDAR
229,352 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
W.E. TRADE
since 20042.143.683.964
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060B0102/00L000 | Flanders | 9.1 ha | 1 · 2.0 ha | 13.7 m · 3 fl. |
| 73008A1488/00F002 | Flanders | 7,402 m² | 1 · 4,774 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 25,454 EUR awarded · 25,454 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 15 EUR | 15 EUR |
| 2024 | 1 | 2,660 EUR | 2,660 EUR |
| 2023 | 1 | 10,819 EUR | 10,819 EUR |
| 2022 | 1 | 11,960 EUR | 11,960 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 979 companies in sector 38210 we hold annual accounts for 586. 411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2004
Fiscal year end31-12
Activities, NACEBEL
37210
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
46493Wholesale trade
17120Manufacture of paper and paper products
21122
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.