WeConnect
Bankruptcy3 interim measuresSummary
The KBO register records for WeConnect the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €118k and a net result of €57k.
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 31-12-2021 was due by 31-07-2022 and was filed on 29-09-2022, 60 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
not filed
2021
60 d late
2020
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57k
2020 · €-101
2020: €-101
2021: €57k▲ +56386% vs 2020
2020 → 2021
Working capital
€1.19M▲ 71.8%
2020 · €694k
2020: €694k
2021: €1.19M▲ +71.8% vs 2020
2020 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€61k-€118k▲ 92.3%
2020: €61k
2021: €118k▲ +92.3% vs 2020
Operating result€-4k-€94k
2020: €-4k
2021: €94k▲ +2235% vs 2020
Net result€-101-€57k
2020: €-101
2021: €57k▲ +56386% vs 2020
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €94k after a loss of €4k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.55M
Fixed assets
€24k ▲ 105%
Current assets
€1.52M ▲ 25.4%
Equity and liabilities €1.55M
Equity
€118k ▲ 92.3%
Debt
€1.43M ▲ 22.6%
Debt's share of the balance-sheet total falls from 95.0% to 92.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▲
2020 · €-4k
Cash flow
€60k▲
2020 · €589
Current ratio
4.59▲
2020 · 2.33
Quick ratio
1.62▲
2020 · 1.04
Debt to equity
12.11▲
2020 · 10.49
ROE
48.0%▲
2020 · -0.2%
ROA
3.7%▲
2020 · 0.0%
Interest coverage
2.03
Debt ≤ 1 year
€332k▼
2020 · €522k
Debt > 1 year
€1.10M▲
2020 · €644k
Income taxes
€20k
Staff costs
€35k
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 · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.23M€1.55M▲
Fixed assets21/28€12k€24k▲
Intangible fixed assets21€10k€20k▲
Tangible fixed assets22/27€1k€4k▲
Furniture and vehicles24-€1k
Other tangible fixed assets26-€3k
Financial fixed assets28€175€175=
Current assets29/58€1.22M€1.52M▲
Stocks and contracts in progress3€674k€985k▲
Stocks30/36-€985k
Amounts receivable within one year40/41€505k€350k▼
Trade receivables40-€327k
Other amounts receivable41-€24k
Cash at bank and in hand54/58€35k€185k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.55M▲
Equity10/15€61k€118k▲
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Profit (loss) carried forward14€-101€57k▲
Amounts payable17/49€1.17M€1.43M▲
Amounts payable after more than one year17€644k€1.10M▲
Other amounts payable178/9-€1.10M
Amounts payable within one year42/48€522k€332k▼
Trade debts44€473k€297k▼
Suppliers440/4-€297k
Taxes, remuneration and social security45-€26k
Taxes450/3-€21k
Remuneration and social security454/9-€5k
Other amounts payable47/48-€9k
Income statement
Code20202021
Remuneration, social security and pensions62-€35k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€690€3k▲
Other operating charges640/8-€1k
Gross operating margin9900€-549€133k▲
Operating profit (loss)9901€-4k€94k▲
Financial income75/76B-€30k
Recurring financial income75€7k€30k▲
Financial charges65/66B-€48k
Recurring financial charges65€2k€48k▲
Profit (loss) for the period before taxes9903€-101€77k▲
Income taxes67/77-€20k
Profit (loss) for the period9904€-101€57k▲
Profit (loss) for the period to be appropriated9905€-101€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€57k
Profit (loss) brought forward from the previous period14P-€-101
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €35k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €690 | €3k | ▲ 312% |
| Other operating charges640/8 | - | €1k | - |
| Gross operating margin9900 | €-549 | €133k | ▲ 24,425% |
| Operating profit (loss)9901 | €-4k | €94k | ▲ 2,235% |
| Financial income75/76B | - | €30k | - |
| Recurring financial income75 | €7k | €30k | ▲ 364% |
| Financial charges65/66B | - | €48k | - |
| Recurring financial charges65 | €2k | €48k | ▲ 2,084% |
| Profit (loss) for the period before taxes9903 | €-101 | €77k | ▲ 76,255% |
| Income taxes67/77 | - | €20k | - |
| Profit (loss) for the period9904 | €-101 | €57k | ▲ 56,386% |
| Profit (loss) for the period to be appropriated9905 | €-101 | €57k | ▲ 56,386% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.23M | €1.55M | ▲ 26.1% |
| Fixed assets21/28 | €12k | €24k | ▲ 105% |
| Intangible fixed assets21 | €10k | €20k | ▲ 94.9% |
| Tangible fixed assets22/27 | €1k | €4k | ▲ 195% |
| Furniture and vehicles24 | - | €1k | - |
| Other tangible fixed assets26 | - | €3k | - |
| Financial fixed assets28 | €175 | €175 | = |
| Current assets29/58 | €1.22M | €1.52M | ▲ 25.4% |
| Stocks and contracts in progress3 | €674k | €985k | ▲ 46.1% |
| Stocks30/36 | - | €985k | - |
| Amounts receivable within one year40/41 | €505k | €350k | ▼ 30.7% |
| Trade receivables40 | - | €327k | - |
| Other amounts receivable41 | - | €24k | - |
| Cash at bank and in hand54/58 | €35k | €185k | ▲ 429% |
| Deferred charges and accrued income490/1 | - | €4k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.23M | €1.55M | ▲ 26.1% |
| Equity10/15 | €61k | €118k | ▲ 92.3% |
| Contributions10/11 | €62k | €62k | = |
| Capital10 | - | €62k | - |
| Issued capital100 | - | €62k | - |
| Profit (loss) carried forward14 | €-101 | €57k | ▲ 56,286% |
| Amounts payable17/49 | €1.17M | €1.43M | ▲ 22.6% |
| Amounts payable after more than one year17 | €644k | €1.10M | ▲ 70.5% |
| Other amounts payable178/9 | - | €1.10M | - |
| Amounts payable within one year42/48 | €522k | €332k | ▼ 36.4% |
| Trade debts44 | €473k | €297k | ▼ 37.3% |
| Suppliers440/4 | - | €297k | - |
| Taxes, remuneration and social security45 | - | €26k | - |
| Taxes450/3 | - | €21k | - |
| Remuneration and social security454/9 | - | €5k | - |
| Other amounts payable47/48 | - | €9k | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-101 | €57k | ▲ 56,386% |
| + Depreciation and write-downs630 | €690 | €3k | ▲ 312% |
| Operating cash flow (approximation) | €589 | €60k | ▲ 9,994% |
| Investment in fixed assets (approximation) | - | €-15k | - |
| Change in cash | - | €150k | - |
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
2024
16-09
Interim measure
Provisional administrator
Tribunal de l’entreprise de Liège
09-07
Interim measure
Provisional administrator
Tribunal de l’entreprise de Liège
13-06
Interim measure
Provisional administrator
Tribunal de l’entreprise de Liège
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
31-12
Financial
Equity above €100kEq €118k ▲92.3%
Equity rises from €61k to €118k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sambreville · 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.
Rue des Glaces Nationales(AUV) 1695060 Sambreville1 establishment unit
Weconnect
since 20202.303.078.423
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Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. 1,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
Contact
E-mail
julien@weconnectpro.com
Phone
+32474205126
Scores and ratios are computed by Checked and are not a credit decision.