Wecosan
ActiveSummary
Wecosan has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293,956 and a net result of €88,495. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 50% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+15
Solvency69▼-19
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 3.68 in 2024; short-term debt: 41.2% and cash: 40.1% of total assets), but 55.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.3%
Return on assets
13.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
on the day
2021
2 d early
2020
25 d late
2019
on the day
← 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 3 days after 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€293,956▼ 3.8%
2024 · €305,462
Total assets
€664,127▲ 36.4%
2024 · €486,995
Net result
€88,495▲ 1,862%
2024 · €4,511
Working capital
€138,277▼ 24.0%
2024 · €181,854
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,488▼ 1.9%-€505▲ 88.7%-€6,739▼ 1,235%-€1,572▲ 76.7%€116,139
Net result€298below the sector's middle half€3,583below the sector's middle half▲ 1,102%€791below the sector's middle half▼ 77.9%€4,511below the sector's middle half▲ 470%€88,495within the sector's middle half▲ 1,862%
Equity€296,576within the sector's middle half▲ 0.1%€300,159within the sector's middle half▲ 1.2%€300,951within the sector's middle half▲ 0.3%€305,462within the sector's middle half▲ 1.5%€293,956within the sector's middle half▼ 3.8%
Total assets€519,770within the sector's middle half▼ 6.6%€575,475within the sector's middle half▲ 10.7%€519,961within the sector's middle half▼ 9.6%€486,995within the sector's middle half▼ 6.3%€664,127within the sector's middle half▲ 36.4%
Debt€223,194▼ 14.2%€275,316▲ 23.4%€219,010▼ 20.5%€181,533▼ 17.1%€370,171▲ 104%
Working capital€217,580within the sector's middle half▼ 8.5%€188,836within the sector's middle half▼ 13.2%€175,060within the sector's middle half▼ 7.3%€181,854within the sector's middle half▲ 3.9%€138,277within the sector's middle half▼ 24.0%
Solvency57.1%within the sector's middle half▲ 3.8pp52.2%within the sector's middle half▼ 4.9pp57.9%within the sector's middle half▲ 5.7pp62.7%within the sector's middle half▲ 4.8pp44.3%within the sector's middle half▼ 18.5pp
Current ratio4.62above the sector's middle half▼ 0.312.47within the sector's middle half▼ 2.152.98above the sector's middle half▲ 0.503.68above the sector's middle half▲ 0.701.51within the sector's middle half▼ 2.17
Return on assets (ROA)0.1%below the sector's middle half▲ 0.3pp0.6%below the sector's middle half▲ 0.6pp0.2%below the sector's middle half▼ 0.5pp0.9%below the sector's middle half▲ 0.8pp13.3%above the sector's middle half▲ 12.4pp
Staff (FTE)5.9within the sector's middle half▲ 34.1%7within the sector's middle half▲ 18.6%7within the sector's middle half=7.4within the sector's middle half▲ 5.7%7.3within the sector's middle half▼ 1.4%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €116,139 after a loss of €1,572 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664,127
Fixed assets
€252,139 ▲ 6.3%
Current assets
€411,989 ▲ 64.9%
Equity and liabilities €664,127
Equity
€293,956 ▼ 3.8%
Debt
€370,171 ▲ 104%
Debt's share of the balance-sheet total rises from 37.3% to 55.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€137,971▲
2024 · €17,524
Cash flow
€110,327▲
2024 · €23,607
Debt to equity
1.26▲
2024 · 0.59
ROE
30.1%▲
2024 · 1.5%
Interest coverage
60.53▲
2024 · 7.06
Debt ≤ 1 year
€273,711▲
2024 · €67,964
Debt > 1 year
€96,460▼
2024 · €113,569
Income taxes
€38,620▲
2024 · €3,284
Staff costs
€413,509▲
2024 · €352,797
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,022 | - | €24,463 | €21,371 | ▼ 12.6% |
| Remuneration, social security and pensions62 | - | €274,677 | €300,136 | €352,797 | €413,509 | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,873 | €12,353 | €16,709 | €19,096 | €21,833 | ▲ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €54,525 | - | - | - | - |
| Other operating charges640/8 | - | €2,898 | €3,614 | €2,883 | €2,665 | ▼ 7.6% |
| Gross operating margin9900 | €236,416 | €343,948 | €313,720 | €373,204 | €554,146 | ▲ 48.5% |
| Operating profit (loss)9901 | -€4,488 | -€505 | -€6,739 | -€1,572 | €116,139 | ▲ 7,487% |
| Financial income75/76B | - | €9,644 | €11,258 | €11,850 | €13,256 | ▲ 11.9% |
| Recurring financial income75 | €10,131 | €9,644 | €8,871 | €11,850 | €13,256 | ▲ 11.9% |
| Non-recurring financial income76B | - | - | €2,387 | €0 | - | - |
| Financial charges65/66B | - | €3,162 | €2,983 | €2,482 | €2,279 | ▼ 8.2% |
| Recurring financial charges65 | €3,609 | €3,162 | €2,983 | €2,482 | €2,279 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €2,034 | €5,976 | €1,535 | €7,795 | €127,115 | ▲ 1,531% |
| Income taxes67/77 | €1,736 | €2,393 | €744 | €3,284 | €38,620 | ▲ 1,076% |
| Profit (loss) for the period9904 | €298 | €3,583 | €791 | €4,511 | €88,495 | ▲ 1,862% |
| Profit (loss) for the period to be appropriated9905 | €298 | €3,583 | €791 | €4,511 | €88,495 | ▲ 1,862% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €519,770 | €575,475 | €519,961 | €486,995 | €664,127 | ▲ 36.4% |
| Fixed assets21/28 | €242,140 | €258,230 | €256,273 | €237,177 | €252,139 | ▲ 6.3% |
| Tangible fixed assets22/27 | €241,660 | €257,750 | €255,793 | €236,697 | €251,659 | ▲ 6.3% |
| Land and buildings22 | - | €220,677 | €220,584 | €213,355 | €206,126 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | - | €3,570 | - |
| Furniture and vehicles24 | - | €37,073 | €35,210 | €23,342 | €41,963 | ▲ 79.8% |
| Financial fixed assets28 | €480 | €480 | €480 | €480 | €480 | = |
| Current assets29/58 | €277,630 | €317,245 | €263,688 | €249,818 | €411,989 | ▲ 64.9% |
| Stocks and contracts in progress3 | €30,000 | €11,895 | €43,435 | €0 | - | - |
| Contracts in progress37 | - | €11,895 | €43,435 | €0 | - | - |
| Amounts receivable within one year40/41 | €141,316 | €121,833 | €97,384 | €112,301 | €145,709 | ▲ 29.7% |
| Trade receivables40 | - | €101,194 | €78,753 | €104,195 | €107,816 | ▲ 3.5% |
| Other amounts receivable41 | - | €20,639 | €18,630 | €8,106 | €37,894 | ▲ 367% |
| Cash at bank and in hand54/58 | €43,204 | €183,517 | €122,869 | €137,517 | €266,279 | ▲ 93.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €519,770 | €575,475 | €519,961 | €486,995 | €664,127 | ▲ 36.4% |
| Equity10/15 | €296,576 | €300,159 | €300,951 | €305,462 | €293,956 | ▼ 3.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €89,860 | ▲ 4,731% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €88,000 | - |
| Profit (loss) carried forward14 | €288,516 | €292,099 | €292,891 | €297,402 | €197,896 | ▼ 33.5% |
| Amounts payable17/49 | €223,194 | €275,316 | €219,010 | €181,533 | €370,171 | ▲ 104% |
| Amounts payable after more than one year17 | €163,144 | €146,906 | €130,383 | €113,569 | €96,460 | ▼ 15.1% |
| Financial debts170/4 | - | €146,906 | €130,383 | €113,569 | €96,460 | ▼ 15.1% |
| Amounts payable within one year42/48 | €60,050 | €128,409 | €88,627 | €67,964 | €273,711 | ▲ 303% |
| Current portion of amounts payable after more than one year42 | - | €16,238 | €16,523 | €16,814 | €17,109 | ▲ 1.8% |
| Trade debts44 | €3,237 | €78,364 | €31,618 | €33,862 | €97,472 | ▲ 188% |
| Suppliers440/4 | - | €78,364 | €31,618 | €33,862 | €97,472 | ▲ 188% |
| Taxes, remuneration and social security45 | - | €28,181 | €30,213 | €6,534 | €55,980 | ▲ 757% |
| Taxes450/3 | - | €5,449 | €6,193 | €3,284 | €38,620 | ▲ 1,076% |
| Remuneration and social security454/9 | - | €22,731 | €24,019 | €3,250 | €17,360 | ▲ 434% |
| Other amounts payable47/48 | - | €5,627 | €10,273 | €10,753 | €103,150 | ▲ 859% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €298 | €3,583 | €791 | €4,511 | €88,495 | ▲ 1,862% |
| + Depreciation and write-downs630 | €15,873 | €12,353 | €16,709 | €19,096 | €21,833 | ▲ 14.3% |
| Operating cash flow (approximation) | €16,171 | €15,936 | €17,500 | €23,607 | €110,327 | ▲ 367% |
| Investment in fixed assets (approximation) | - | -€28,443 | -€14,753 | €0 | -€36,794 | - |
| Change in cash | - | €140,314 | -€60,648 | €14,647 | €128,763 | ▲ 779% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €88,495 ▲1,862%
Operating result €116,139, net result €88,495, both a record.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €298
Net result €298 after one loss-making year.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
31-03
Financial
Weakest financial yearnet -€1,420
Net result drops to -€1,420, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 15 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2009
Ground area
1,931 m²
Building footprint
1,286 m²
Volume, LiDAR
6,251 m³
Parcel 42402F0385/00Z002, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
wecosan
since 20092.190.452.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402F0385/00Z002 | Flanders | 1,931 m² | 1 · 1,286 m² | 6.0 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,790 EUR awarded · 2,790 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,470 EUR | 1,470 EUR |
| 2023 | 1 | 1,320 EUR | 1,320 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2009
Fiscal year end31-03
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819287041
Also
9925:BE0819287041
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.