Active BE 0468.354.206Private limited company

WE ARE THE WORDS

Wolstraat 70 ·1000 Brussel, Belgium· 26 yrs active

Sector: Activiteiten van reclamebureaus (73110)

Conclusion Checked

The computed 12-month bankruptcy probability of WE ARE THE WORDS is 1.3% (low). The 2025 annual accounts show negative equity (€-165k) and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 854 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€-165k
Net result	€-41k
Staff (FTE)	1
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 15

Profitability 100

Solvency 33

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1999, 26 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

15 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~115% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-162.7%	56.9%	better than 5% of 854 sector peers
Net result	€-41k	€27k	better than 5% of 854 sector peers
Equity	€-165k	€53k	better than 5% of 854 sector peers
Gross operating margin	€69k	€50k	better than 63% of 854 sector peers
Staff costs	€80k	€35k	higher than 76% of 115 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-13k

+73.4% 18-25

Net profit

€-41k

+48.3% 18-25

Cash flow

€-20k

+65.3% 18-25

Total assets

€101k

-45.5% 18-25

Equity

€-165k

-32.9% 18-25

Working capital

€-98k

-56.3% 18-25

Employees (FTE)

1

-44.4% 18-25

Staff costs

€80k

-39.9% 18-25

Show 11 other metrics

Income taxes

€205

-35.4% 18-25

Debt

€261k

-14.4% 18-25

Debt ≤ 1y

€161k

-14.8% 18-25

Debt > 1y

€98k

-12.8% 18-25

Current ratio

0.39

-41.2% 18-25

Quick ratio

0.26

-52.7% 18-25

Solvency

-162.7%

-143.7% 18-25

Debt / equity

-1.58

+35.6% 18-25

ROE

24.7%

-61.1% 18-25

ROA

-40.2%

+5.2% 18-25

Interest coverage

-2.11

+67.4% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€-13k
Net profit	€-41k
Cash flow	€-20k
Staff costs	€80k
Income taxes	€205
Dividends	-
Total assets	€101k
Equity	€-165k
Debt	€261k
of which ≤ 1y	€161k
of which > 1y	€98k
Working capital	€-98k
Employees (FTE)	1.0

Ratios (computed)

	2025
Current ratio	0.39
Quick ratio	0.26
Working capital ratio	-96.5%
Solvency	-162.7%
Debt / equity	-1.58
Long-term debt ratio	-0.60
Interest coverage	-2.11
Gross margin	-
Net margin	-
ROA	-40.2%
ROE	24.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €38k · 37.4% Current assets €63k · 62.6%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€101k
Fixed assets	21/28	€38k
Tangible fixed assets	22/27	€38k
Financial fixed assets	28	€372
Current assets	29/58	€63k
Stocks & contracts in progress	3	€21k
Amounts receivable within one year	40/41	€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€101k
Equity	10/15	€-165k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€-173k
Provisions & deferred taxes	16	€6k
Amounts payable	17/49	€261k
Amounts payable after one year	17	€98k
Amounts payable within one year	42/48	€161k
Trade debts payable within one year	44	€72k
Income statement
Gross operating margin	9900	€69k
Operating result	9901	€-35k
Financial income	75	€316
Financial charges	65	€6k
Result before taxes	9903	€-41k
Income taxes	67/77	€205
Net result for the period	9904	€-41k
Result to be appropriated	9905	€-41k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van reclamebureaus(73110)
Legal form	Private limited company(610)
Incorporation	17-12-1999
Status	Active
Postal code	1000

Establishment units 1 location

Establishment

Activiteiten van reclamebureaus

since 20002.096.708.349

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21808H0901/00N000	Brussels	2,342 m²	1 · 1,841 m²	42.2 m · 12 fl.
21001A0511/00T005	Brussels	98 m²	1 · 52 m²	10.7 m · 3 fl.

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.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

30-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · micro

2025

02-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

20-02-2025

NBB filing Annual accounts filed

fiscal year 2023 · micro

2024

02-04-2024

NBB filing Annual accounts filed

fiscal year 2022 · micro

31-01-2024

State Gazette act Director changes

Didier Vanneste

2023

23-01-2023

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

30-04-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

21-04-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

29-03-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

26-03-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

29-03-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

31-01-2024 VANDERMEULEN Muriel reappointed as director Director changes·Didier Vanneste

VANDERMEULEN Muriel, Bestuurder

Notary: Didier Vanneste · SchaerbeekFirm: Didier Vanneste, Notaire

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Ontwerpen van computerprogramma’s62100Activiteiten van reclamebureaus73110Vertaaldiensten en tolken74852Vertalers en tolken74300Activiteiten van vertalers74301

Primary activity highlighted.

Names & trade names

Legal nameFR	WE ARE THE WORDS
AbbreviationFR	WAW

Registered office

Wolstraat 70

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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