WE & CO
Open bankruptcyA bankruptcy procedure is open for WE & CO according to publications in the Belgian State Gazette; curator: XAVIER IBARRONDO LASA.
Summary
The 2022 annual accounts show equity of €17k and a net result of €-8k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-10-2023, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
70 d late
2021
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€15k▼ 81.5%
2021 · €81k
2021: €81k
2021 → 2022
EBIT margin
-48.5%▼ 60.3pp
2021 · 11.8%
2021: 11.8%
2021 → 2022
Net result
€-8k
2021 · €10k
2021: €10k
2021 → 2022
Working capital
€17k▼ 30.6%
2021 · €25k
2021: €25k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Turnover€81k-€15k▼ 81.5%
Equity€25k-€17k▼ 30.6%
Operating result€10k-€-7k
Net result€10k-€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €7k after €10k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €61k
Equity
€17k ▼ 30.6%
Debt
€44k ▼ 49.5%
Debt's share of the balance-sheet total falls from 77.9% to 72.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.39▲
2021 · 1.28
Quick ratio
0.32▼
2021 · 0.71
Debt to equity
2.57▼
2021 · 3.53
ROE
-44.0%▼
2021 · 38.9%
ROA
-12.3%▼
2021 · 8.6%
Debt ≤ 1 year
€44k▼
2021 · €87k
Income taxes
€504▼
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 36 lines
Balance sheet
Code20212022
Assets
Total assets20/58€111k€61k▼
Current assets29/58€111k€61k▼
Stocks and contracts in progress3€50k€47k▼
Stocks30/36€50k€47k▼
Amounts receivable within one year40/41€60k€14k▼
Trade receivables40€55k€14k▼
Other amounts receivable41€5k€87▼
Deferred charges and accrued income490/1€988-
Equity and liabilities
Total equity and liabilities10/49€111k€61k▼
Equity10/15€25k€17k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€10k€2k▼
Amounts payable17/49€87k€44k▼
Amounts payable within one year42/48€87k€44k▼
Financial debts43€581€4k▲
Credit institutions430/8€581€4k▲
Trade debts44€47k€14k▼
Suppliers440/4€47k€14k▼
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€19k€13k▼
Income statement
Code20212022
Turnover70€81k€15k▼
Other operating charges640/8€150€92▼
Gross operating margin9900€10k€-7k▼
Operating profit (loss)9901€10k€-7k▼
Financial income75/76B€2k€756▼
Recurring financial income75€2k€756▼
Financial charges65/66B€288€505▲
Recurring financial charges65€288€505▲
Profit (loss) for the period before taxes9903€12k€-7k▼
Income taxes67/77€2k€504▼
Profit (loss) for the period9904€10k€-8k▼
Profit (loss) for the period to be appropriated9905€10k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€2k▼
Profit (loss) brought forward from the previous period14P-€10k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · WE & CO SRL AVENUE DU CHAMP DES MONTS 4, 1300 WAVRE · event 27-02-2025
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
SignalNBB filing
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, Wavre · 1 establishment unit since 2020
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.
Avenue du Champ des Monts 41300 WavreGround area
133 m²
Building footprint
176 m²
Parcel 25772G0066/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
WE & CO
since 20202.307.662.068
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0066/00B002 | Wallonia | 133 m² | 1 · 176 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER IBARRONDO LASA OFF.PARK GREEN
ALLEY,RUE DU PANIER VERT 70, 1400 NIVELLES- |
27-02-2025 → present |
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Of 263 companies in sector 47511 we hold annual accounts for 98. 75 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47511Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.