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WEAN

Active
Private limited company (pre-2019)founded 1992active for 34 yearsCuylitsstraat 70, 2018 Antwerpen, BelgiumKBO/BCE: BE 0446.882.661

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.

Annual accounts 2024 filed on 26-09-2025 PDF all 33 filings

Equity
€74,020▼ 18.5%
2023 · €90,831
Total assets
€119,131▼ 14.6%
2023 · €139,524
Net result
-€16,811▲ 32.7%
2023 · -€24,974
Working capital
€74,020▼ 18.1%
2023 · €90,344
Multi-year overview
2018 to 2024, 7 financial years
Operating result
-€13,599
▲ 34.9% 2024
20182024
Net result
-€16,811
▲ 32.7% 2024
20182024
Equity
€74,020
▼ 18.5% 2024
20182024
Total assets
€119,131
▼ 14.6% 2024
20182024
Debt
€45,111
▼ 7.4% 2024
20182024
Working capital
€74,020
▼ 18.1% 2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result-€954-€12,563€11,497▼ 8.5%€14,701▲ 27.9%€16,211▲ 10.3%-€20,902-€13,599▲ 34.9%
Net result-€4,791-€8,011€7,069▼ 11.8%€8,211▲ 16.2%€9,294▲ 13.2%-€24,974-€16,811▲ 32.7%
Equity€83,220-€91,231▲ 9.6%€98,299▲ 7.7%€106,511▲ 8.4%€115,805▲ 8.7%€90,831▼ 21.6%€74,020▼ 18.5%
Total assets€100,436-€107,758▲ 7.3%€128,196▲ 19.0%€153,405▲ 19.7%€160,268▲ 4.5%€139,524▼ 12.9%€119,131▼ 14.6%
Debt€17,216-€16,527▼ 4.0%€29,896▲ 80.9%€46,894▲ 56.9%€44,462▼ 5.2%€48,693▲ 9.5%€45,111▼ 7.4%
Working capital€83,220-€91,231▲ 9.6%€98,299▲ 7.7%€104,727▲ 6.5%€114,670▲ 9.5%€90,344▼ 21.2%€74,020▼ 18.1%

The operating result for 2024 is a loss of €13,599, smaller than the loss of €20,902 in 2023.

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €119,131
Equity €74,020 ▼ 18.5%
Debt €45,111 ▼ 7.4%
Debt's share of the balance-sheet total rises from 34.9% to 37.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€13,113▲
2023 · -€20,254
Cash flow
-€16,325▲
2023 · -€24,326
Current ratio
2.64▼
2023 · 2.86
Debt to equity
0.61▲
2023 · 0.54
ROE
-22.7%▲
2023 · -27.5%
ROA
-14.1%▲
2023 · -17.9%
Interest coverage
-4.40▲
2023 · -5.29
Debt ≤ 1 year
€45,111▼
2023 · €48,693
Income taxes
€229▼
2023 · €246
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20202021202220232024
Tangible fixed assets-€1,946---
Depreciation and write-downs of the year-€162€649€649€487

Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€139,524€119,131▼
Fixed assets21/28€487-
Tangible fixed assets22/27€487-
Plant, machinery and equipment23€487-
Current assets29/58€139,038€119,131▼
Amounts receivable within one year40/41€138,084€114,234▼
Other amounts receivable41€138,084€114,234▼
Current investments50/53€14€15▲
Cash at bank and in hand54/58€71€117▲
Deferred charges and accrued income490/1€868€4,766▲
Equity and liabilities
Total equity and liabilities10/49€139,524€119,131▼
Equity10/15€90,831€74,020▼
Contributions10/11€18,592€18,592=
Contributions outside capital11€18,592€18,592=
Other1109/19€18,592€18,592=
Reserves13€72,239€55,428▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€70,380€53,569▼
Amounts payable17/49€48,693€45,111▼
Amounts payable within one year42/48€48,693€45,111▼
Financial debts43-€295
Credit institutions430/8-€295
Trade debts44€3,739€4,136▲
Suppliers440/4€3,739€4,136▲
Taxes, remuneration and social security45€15,031€9,520▼
Taxes450/3€15,031€9,520▼
Other amounts payable47/48€29,924€31,160▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€649€487▼
Other operating charges640/8€27,447€2,642▼
Gross operating margin9900€7,193-€10,470▼
Operating profit (loss)9901-€20,902-€13,599▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€3,826€2,983▼
Recurring financial charges65€3,826€2,983▼
Profit (loss) for the period before taxes9903-€24,728-€16,582▲
Income taxes67/77€246€229▼
Profit (loss) for the period9904-€24,974-€16,811▲
Profit (loss) for the period to be appropriated9905-€24,974-€16,811▲
Appropriation of the result
Profit (loss) to be appropriated9906-€24,974-€16,811▲
Transfer from equity791/2€24,974€16,811▼

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 26-09-2025.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€162€649€649€487▼ 25.0%
Other operating charges640/8--€593€896€1,104€27,447€2,642▼ 90.4%
Gross operating margin9900€117€13,615€12,090€15,759€17,963€7,193-€10,470-
Operating profit (loss)9901-€954€12,563€11,497€14,701€16,211-€20,902-€13,599▲ 34.9%
Financial income75/76B--€1--€0€1▲ 567%
Recurring financial income75€0-€1--€0€1▲ 567%
Financial charges65/66B--€1,816€1,408€1,010€3,826€2,983▼ 22.0%
Recurring financial charges65€2,088€1,696€1,816€1,408€1,010€3,826€2,983▼ 22.0%
Profit (loss) for the period before taxes9903-€4,791€10,867€9,681€13,293€15,200-€24,728-€16,582▲ 32.9%
Income taxes67/77-€2,856€2,613€5,082€5,906€246€229▼ 6.9%
Profit (loss) for the period9904-€4,791€8,011€7,069€8,211€9,294-€24,974-€16,811▲ 32.7%
Profit (loss) for the period to be appropriated9905-€4,791€8,011€7,069€8,211€9,294-€24,974-€16,811▲ 32.7%
Line2018201920202021202220232024Change
Assets
Total assets20/58€100,436€107,758€128,196€153,405€160,268€139,524€119,131▼ 14.6%
Fixed assets21/28---€1,784€1,135€487--
Tangible fixed assets22/27---€1,784€1,135€487--
Plant, machinery and equipment23---€1,784€1,135€487--
Current assets29/58€100,436€107,758€128,196€151,620€159,132€139,038€119,131▼ 14.3%
Amounts receivable within one year40/41€95,927€103,127€126,938€148,063€142,637€138,084€114,234▼ 17.3%
Trade receivables40---€3,963€759---
Other amounts receivable41--€126,938€144,100€141,878€138,084€114,234▼ 17.3%
Current investments50/53€44€44€44€44-€14€15▲ 2.9%
Cash at bank and in hand54/58€11€11€11€3,514€13,011€71€117▲ 63.7%
Deferred charges and accrued income490/1--€1,203-€3,484€868€4,766▲ 449%
Equity and liabilities
Total equity and liabilities10/49€100,436€107,758€128,196€153,405€160,268€139,524€119,131▼ 14.6%
Equity10/15€83,220€91,231€98,299€106,511€115,805€90,831€74,020▼ 18.5%
Contributions10/11€18,592€18,592€18,592€18,592€18,592€18,592€18,592=
Contributions outside capital11--€18,592€18,592€18,592€18,592€18,592=
Other1109/19--€18,592€18,592€18,592€18,592€18,592=
Reserves13€64,628€72,639€79,707€87,919€97,213€72,239€55,428▼ 23.3%
Non-distributable reserves130/1--€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311--€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133--€77,848€86,060€95,354€70,380€53,569▼ 23.9%
Amounts payable17/49€17,216€16,527€29,896€46,894€44,462€48,693€45,111▼ 7.4%
Amounts payable within one year42/48€17,216€16,527€29,896€46,894€44,462€48,693€45,111▼ 7.4%
Financial debts43--€9,886---€295-
Credit institutions430/8--€9,886---€295-
Trade debts44€5,376€1,303€2,062€2,363€3,525€3,739€4,136▲ 10.6%
Suppliers440/4--€2,062€2,363€3,525€3,739€4,136▲ 10.6%
Taxes, remuneration and social security45--€4,969€12,283€19,866€15,031€9,520▼ 36.7%
Taxes450/3--€4,969€12,283€19,866€15,031€9,520▼ 36.7%
Other amounts payable47/48--€12,980€32,248€21,071€29,924€31,160▲ 4.1%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€4,791€8,011€7,069€8,211€9,294-€24,974-€16,811▲ 32.7%
+ Depreciation and write-downs630---€162€649€649€487▼ 25.0%
Operating cash flow (approximation)-€4,791€8,011€7,069€8,374€9,943-€24,326-€16,325▲ 32.9%
Investment in fixed assets (approximation)----€0€0--
Change in cash-€0€0€3,503€9,497-€12,939€45-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 5,831 companies had the same profile as WEAN has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
84.6% was still going
13.4% stopped otherwise
1.7% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of WEAN itself is higher: 2.2% within 12 months. It rests on far more data about WEAN than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 5,831 companies, not a prediction for WEAN. 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.

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 26-09-2025 2025-00505975 PDF
31-12-2023 micro format 31-08-2024 2024-00434131 PDF
31-12-2022 micro format 28-09-2023 2023-00465684 PDF
31-12-2021 micro format 06-12-2022 2022-20532352 PDF
31-12-2020 micro format 06-12-2022 2022-20532351 PDF
31-12-2019 micro format 30-11-2020 2020-73800106 PDF
31-12-2018 micro format 31-07-2019 2019-41400003 PDF
31-12-2017 micro format 24-08-2018 2018-49400162 PDF
31-12-2016 micro format 27-07-2017 2017-37200575 PDF
31-12-2015 abbreviated format 12-07-2016 2016-31500115 PDF

Show all 33 filings

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