WeCo
ActiveSummary
The annual accounts of WeCo for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €22,154 and a net result of -€34,016. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 28806 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency47▼-48
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.59 against 3.12 in 2024; short-term debt: 77.9% and cash: 3.6% of total assets), and 77.9% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
22.1%
Return on assets
-34%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 28806 sector peers (2025).
NBB · sector comparisonPosition among 28806 sector peers
Solvency
better than 24%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
51 d early
2023
33 d early
2022
29 d early
2021
21 d early
2020
4 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,154▼ 60.6%
2024 · €56,170
Total assets
€100,180▲ 25.5%
2024 · €79,815
Net result
-€34,016
2024 · €74,066
Working capital
-€32,061
2024 · €50,015
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,754-€39,732€5,552€89,126▲ 1,505%-€33,414
Net result€19,676within the sector's middle half-€41,054below the sector's middle half€4,964within the sector's middle half€74,066above the sector's middle half▲ 1,392%-€34,016below the sector's middle half
Equity€18,195below the sector's middle half-€22,860below the sector's middle half-€17,895below the sector's middle half▲ 21.7%€56,170within the sector's middle half€22,154within the sector's middle half▼ 60.6%
Total assets€130,810within the sector's middle half▼ 11.5%€82,237within the sector's middle half▼ 37.1%€78,125within the sector's middle half▼ 5.0%€79,815within the sector's middle half▲ 2.2%€100,180within the sector's middle half▲ 25.5%
Debt€112,615▼ 24.5%€105,097▼ 6.7%€96,020▼ 8.6%€23,645▼ 75.4%€78,026▲ 230%
Working capital-€17,092below the sector's middle half▲ 77.7%-€45,228below the sector's middle half▼ 165%-€28,661below the sector's middle half▲ 36.6%€50,015within the sector's middle half-€32,061below the sector's middle half
Solvency13.9%below the sector's middle half▲ 14.9pp-27.8%below the sector's middle half▼ 41.7pp-22.9%below the sector's middle half▲ 4.9pp70.4%above the sector's middle half▲ 93.3pp22.1%below the sector's middle half▼ 48.3pp
Current ratio0.85below the sector's middle half▲ 0.360.57below the sector's middle half▼ 0.280.70below the sector's middle half▲ 0.133.12within the sector's middle half▲ 2.410.59below the sector's middle half▼ 2.53
Return on assets (ROA)15.0%within the sector's middle half▲ 22.9pp-49.9%below the sector's middle half▼ 65.0pp6.4%within the sector's middle half▲ 56.3pp92.8%above the sector's middle half▲ 86.4pp-34.0%below the sector's middle half▼ 126.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €33,414 after €89,126 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,180
Fixed assets
€54,215 ▲ 781%
Current assets
€45,965 ▼ 37.6%
Equity and liabilities €100,180
Equity
€22,154 ▼ 60.6%
Debt
€78,026 ▲ 230%
Debt's share of the balance-sheet total rises from 29.6% to 77.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,180▼
2024 · €93,635
Cash flow
-€18,782▼
2024 · €78,575
Quick ratio
0.51▼
2024 · 2.62
Debt to equity
3.52▲
2024 · 0.42
ROE
-153.5%▼
2024 · 131.9%
Interest coverage
-41.77▼
2024 · 202.42
Debt ≤ 1 year
€78,026▲
2024 · €23,645
Income taxes
€176▼
2024 · €14,598
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €146 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,431 | €28,568 | €11,403 | €4,509 | €15,234 | ▲ 238% |
| Other operating charges640/8 | €1,449 | €710 | €1,338 | €12,713 | €1,284 | ▼ 89.9% |
| Gross operating margin9900 | €62,779 | -€10,454 | €18,293 | €106,349 | -€16,897 | ▼ 116% |
| Operating profit (loss)9901 | €20,754 | -€39,732 | €5,552 | €89,126 | -€33,414 | ▼ 137% |
| Financial income75/76B | €120 | - | - | - | €10 | - |
| Recurring financial income75 | €120 | - | - | - | €10 | - |
| Financial charges65/66B | €667 | €1,322 | €468 | €463 | €435 | ▼ 5.9% |
| Recurring financial charges65 | €667 | €1,322 | €468 | €463 | €435 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €20,207 | -€41,054 | €5,084 | €88,663 | -€33,840 | ▼ 138% |
| Income taxes67/77 | €531 | - | €120 | €14,598 | €176 | ▼ 98.8% |
| Profit (loss) for the period9904 | €19,676 | -€41,054 | €4,964 | €74,066 | -€34,016 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €19,676 | -€41,054 | €4,964 | €74,066 | -€34,016 | ▼ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,810 | €82,237 | €78,125 | €79,815 | €100,180 | ▲ 25.5% |
| Fixed assets21/28 | €35,287 | €22,368 | €10,765 | €6,156 | €54,215 | ▲ 781% |
| Tangible fixed assets22/27 | €34,957 | €22,038 | €10,635 | €6,126 | €54,185 | ▲ 785% |
| Plant, machinery and equipment23 | €657 | €5,438 | €3,135 | €1,126 | €51,685 | ▲ 4,492% |
| Furniture and vehicles24 | €34,300 | €16,600 | €7,500 | €5,000 | €2,500 | ▼ 50.0% |
| Financial fixed assets28 | €330 | €330 | €130 | €30 | €30 | = |
| Current assets29/58 | €95,523 | €59,869 | €67,360 | €73,660 | €45,965 | ▼ 37.6% |
| Stocks and contracts in progress3 | €10,450 | €14,050 | €13,229 | €11,800 | €5,920 | ▼ 49.8% |
| Stocks30/36 | €10,450 | €14,050 | €13,229 | €11,800 | €5,920 | ▼ 49.8% |
| Amounts receivable within one year40/41 | €57,537 | €43,190 | €28,129 | €39,366 | €31,985 | ▼ 18.7% |
| Trade receivables40 | €57,517 | €39,652 | €25,552 | €39,196 | €31,815 | ▼ 18.8% |
| Other amounts receivable41 | €20 | €3,538 | €2,576 | €170 | €170 | = |
| Cash at bank and in hand54/58 | €22,131 | €2,629 | €20,641 | €19,498 | €3,564 | ▼ 81.7% |
| Deferred charges and accrued income490/1 | €5,405 | - | €5,361 | €2,996 | €4,496 | ▲ 50.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,810 | €82,237 | €78,125 | €79,815 | €100,180 | ▲ 25.5% |
| Equity10/15 | €18,195 | -€22,860 | -€17,895 | €56,170 | €22,154 | ▼ 60.6% |
| Contributions10/11 | €18,600 | €18,600 | €19,153 | €19,153 | €19,153 | = |
| Reserves13 | €553 | €553 | - | €37,017 | €37,017 | = |
| Non-distributable reserves130/1 | €553 | €553 | - | - | - | - |
| Reserves not available under the articles1311 | €553 | €553 | - | - | - | - |
| Distributable reserves133 | - | - | - | €37,017 | €37,017 | = |
| Profit (loss) carried forward14 | -€958 | -€42,013 | -€37,048 | - | -€34,016 | - |
| Amounts payable17/49 | €112,615 | €105,097 | €96,020 | €23,645 | €78,026 | ▲ 230% |
| Amounts payable within one year42/48 | €112,615 | €105,097 | €96,020 | €23,645 | €78,026 | ▲ 230% |
| Trade debts44 | €5,827 | €218 | €16,004 | €5,866 | €5,089 | ▼ 13.3% |
| Suppliers440/4 | €5,827 | €218 | €16,004 | €5,866 | €5,089 | ▼ 13.3% |
| Taxes, remuneration and social security45 | €3,724 | €531 | €2,937 | €2,295 | €7,492 | ▲ 226% |
| Taxes450/3 | €873 | €531 | - | €2,295 | €3,672 | ▲ 60.0% |
| Remuneration and social security454/9 | €2,851 | - | €2,937 | - | €3,820 | - |
| Other amounts payable47/48 | €103,064 | €104,348 | €77,079 | €15,484 | €65,446 | ▲ 323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,676 | -€41,054 | €4,964 | €74,066 | -€34,016 | ▼ 146% |
| + Depreciation and write-downs630 | €40,431 | €28,568 | €11,403 | €4,509 | €15,234 | ▲ 238% |
| Operating cash flow (approximation) | €60,106 | -€12,486 | €16,367 | €78,575 | -€18,782 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€15,649 | €200 | €100 | -€63,293 | ▼ 63,393% |
| Change in cash | - | -€19,502 | €18,012 | -€1,143 | -€15,934 | ▼ 1,294% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €74,066 ▲1,392%
Operating result €89,126, net result €74,066, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.12
Current ratio from 0.70 to 3.12; short-term debt falls from €96,020 to €23,645.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,964
Net result €4,964 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€41,054
Net result drops to -€41,054, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,676
Net result €19,676 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herzele · 1 establishment unit since 2018
Ground area
1,381 m²
Building footprint
261 m²
Volume, LiDAR
1,235 m³
Parcel 41067A0687/00C000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WeCo
since 20182.274.406.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41067A0687/00C000 | Flanders | 1,381 m² | 1 · 261 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,459 companies in this sector we hold annual accounts for 3,237. 2,034 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
01130Growing of vegetables, melons, roots and tubers
01480Raising of other animals
01500Mixed farming
01610Support activities for crop production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692978787
Registered
28-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.