Equity
€1.2m ▼ 2.3%
W.E. TRADE paid out €56,620 in dividends. That is 62% of the 2025 profit.
W.E. TRADE
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2005peak €868,315 (2024)
€517,937▼ 40.4%
lowest -€4,983 (2012)
€91,714▼ 76.2%
peak €1.2m (2024)
€1.2m▼ 2.3%
€1.1m▼ 14.3%
peak 5.1 FTE (2020)
3.7 FTE▲ 2.8%
Board1 name since 2021
1 directorWARSON Bart Guy Peter Albert
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €868,315 to €517,937Result from €385,995 to €91,714Dividend €56,620
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 55% of micro companies in waste collection and treatment (NACE 38)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 520 companies (NACE 38, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.90, cash €802,364
Founded in 2004
Equity €1.2m (51.3% of total assets)
Figures for financial year 2025 (filed on 31-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, micro). It does better than 64% of them on solvency, 85% on liquidity, 38% on profitability and 32% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as W.E. TRADE has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of W.E. TRADE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for W.E. TRADE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.9 (1.84 in 2024), above the usual 1.5. Short-term debt is 27.2% and cash 34.3% of total assets. 48.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days late
2023
27 days late
2022
3 days early
2021
3 days early
2020
8 days early
2019
33 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0869768316
Change of role: WARSON Bart Guy Peter Albert, from manager to director
Director discharge: WARSON Bart Guy Peter Albert · Gazette deed
Incorporation
published on 16-11-2004 · Gazette deed
First establishment
Slakweidestraat 40, Maasmechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| W.E. TRADE Maasmechelen | €2.3m | €517,937 | 51.3% | 3.7 |
| STAELENS RECUP Houthulst | €2.2m | €575,768 | 12.6% | 5 |
| DECO RECYCLING Houthalen-Helchteren | €2.8m | €733,861 | 65.8% | 4.3 |
| PEBS GROUP Hamont-Achel | €2.4m | €477,802 | 16.6% | 2 |
| Condebo Recycling Lokeren | €1.7m | €408,077 | 1.9% | 3.5 |
| RCMD Wielsbeke | €2.4m | €799,124 | 44.0% | 3.5 |
| RS Limoges Esneux | €2.5m | €515,380 | 54.6% | 3.2 |
These companies have the same main activity as W.E. TRADE: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €1.7m and €2.8m, founded between 2000 and 2008.
Official details
Source: KBO- Status
- Active since 02-11-2004Normal situation
- Activity
- Materials recovery from wasteNACE 38210and 2 others
- Joint committee
- 142.03Recovery of raw materials · annual accounts 2025
- Establishment unit
- 2.143.683.9643631 Maasmechelen, since 29-10-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- ≈ €1.2mestimated
- €2.3m▼ 8.5%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on W.E. TRADE
W.E. TRADE files the abbreviated format. That format states no turnover. The gross margin rose from €15,134 in 2008 to €517,937 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about W.E. TRADE
- What is the company number of W.E. TRADE?
- The company number of W.E. TRADE is 0869.768.316. The VAT number is the same number with BE in front: BE 0869.768.316.
- Where is W.E. TRADE based?
- The registered office is at Slakweidestraat 40, 3630 Maasmechelen.Company details
- What does W.E. TRADE do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of W.E. TRADE?
- W.E. TRADE is a private limited company (BV).
- When was W.E. TRADE founded?
- W.E. TRADE was founded on 02-11-2004.
- Is W.E. TRADE still active?
- Yes, W.E. TRADE is an active enterprise in the KBO register.
- How many employees does W.E. TRADE have?
- W.E. TRADE had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does W.E. TRADE fall under?
- In its 2025 annual accounts, W.E. TRADE states joint committee 142.03 (Recovery of raw materials).
- What is the turnover of W.E. TRADE?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €517,937 and 2,281 comparable companies of the same size. It probably lies between €730,000 and €2.1m. It is a rough estimate.
- Is W.E. TRADE profitable?
- In financial year 2025, W.E. TRADE made a profit of €91,714.
- Where can I find the annual accounts of W.E. TRADE?
- W.E. TRADE filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of W.E. TRADE due?
- W.E. TRADE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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