WE DO
ActiveThe computed 12-month bankruptcy probability of WE DO is 2.2% (moderate). The 2024 annual accounts show equity of €351k and a net result of €-84k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 3569 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -54 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-34
Solvency33▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 1.12 in 2023), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.2%
Return on assets
-5.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
86 d late
2022
7 d early
2021
57 d late
2020
102 d late
2019
73 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-84k
2023 · €29k
2018: €87k
2019: €11k
2020: €167k
2021: €11k
2022: €74k
2023: €29k
2018 → 2024
Working capital
€-50k
2023 · €76k
2018: €99k
2019: €82k
2020: €176k
2021: €228k
2022: €286k
2023: €76k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€321k-€333k▲ 3.5%€406k▲ 22.1%€436k▲ 7.2%€351k▼ 19.4%
Operating result€247k-€36k▼ 85.2%€106k▲ 189%€62k▼ 41.4%€-44k
Net result€167k-€11k▼ 93.2%€74k▲ 554%€29k▼ 60.1%€-84k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €44k after €62k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.45M
Fixed assets
€1.12M▼ 4.1%
Current assets
€332k▼ 53.0%
Equity and liabilities €1.45M
Equity
€351k▼ 19.4%
Debt
€1.10M▼ 23.5%
The debt ratio falls from 76.8% to 75.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2023 · €88k
Cash flow
€-37k▼
2023 · €56k
Solvency
24.2%▲
2023 · 23.2%
Current ratio
0.87▼
2023 · 1.12
Quick ratio
0.87▼
2023 · 1.12
Debt / equity
3.14▼
2023 · 3.30
ROE
-24.0%▼
2023 · 6.7%
ROA
-5.8%▼
2023 · 1.6%
Interest coverage
0.10▼
2023 · 11.85
Debt
€1.10M▼
2023 · €1.44M
Debt ≤ 1 year
€382k▼
2023 · €631k
Debt > 1 year
€720k▼
2023 · €809k
Income taxes
€8k▼
2023 · €26k
Staff costs
€190k▼
2023 · €233k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.88M€1.45M▼
Fixed assets21/28€1.17M€1.12M▼
Tangible fixed assets22/27€1.16M€1.12M▼
Land and buildings22€1.13M€1.10M▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€24k€8k▼
Financial fixed assets28€6k€6k=
Current assets29/58€706k€332k▼
Amounts receivable within one year40/41€672k€332k▼
Trade receivables40€668k€327k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€35k-
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.45M▼
Equity10/15€436k€351k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€415k€331k▼
Amounts payable17/49€1.44M€1.10M▼
Amounts payable after more than one year17€809k€720k▼
Financial debts170/4€803k€717k▼
Other amounts payable178/9€6k€3k▼
Amounts payable within one year42/48€631k€382k▼
Current portion of amounts payable after more than one year42-€48k
Financial debts43-€9k
Credit institutions430/8-€9k
Trade debts44€551k€246k▼
Suppliers440/4€547k€242k▼
Bills of exchange payable441€4k€4k=
Taxes, remuneration and social security45€44k€12k▼
Taxes450/3€26k-
Remuneration and social security454/9€18k€12k▼
Other amounts payable47/48€36k€67k▲
Income statement
Code20232024
Non-recurring operating income76A-€40k
Remuneration, social security and pensions62€233k€190k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€48k▲
Other operating charges640/8€11k€9k▼
Gross operating margin9900€333k€202k▼
Operating profit (loss)9901€62k€-44k▼
Financial income75/76B€589€198▼
Recurring financial income75€589€198▼
Financial charges65/66B€7k€33k▲
Recurring financial charges65€7k€33k▲
Profit (loss) for the period before taxes9903€55k€-77k▼
Income taxes67/77€26k€8k▼
Profit (loss) for the period9904€29k€-84k▼
Profit (loss) for the period to be appropriated9905€29k€-84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€415k€331k▼
Profit (loss) brought forward from the previous period14P€386k€415k▲
Social balance
Average headcount (FTE)90874.03.7▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-84k ▼388%
Net result drops to €-84k, the lowest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 57 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 102 days late
2020
31-12
Financial
Highest result since 2018net €167k ▲1413%
Operating result €247k, net result €167k, both a record.
31-12
Financial
Equity above €200kEq €321k ▲93.1%
3 profitable years in a row build equity to €321k.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €150kEq €166k ▲16.4%
2 profitable years in a row build equity to €166k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vorst · 1 establishment unit since 2016
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.
Eikelstraat 691190 VorstGround area
788 m²
Building footprint
782 m²
Volume, LiDAR
6,181 m³
2 parcels, Brussels · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
de Haveskerckelaan 66, 1190 Vorst
since 20162.257.342.824
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0280/00B038 | Brussels | 719 m² | 1 · 717 m² | 17.2 m · 2 fl. |
| 21007A0069/00N060 | Brussels | 69 m² | 1 · 65 m² | 17.6 m · 4 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.
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 10,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-09-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.