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WEDEBO

Active
Private limited company (pre-2019)founded 2002active for 24 yearsHoevensebaan 196, 2950 Kapellen, BelgiumKBO/BCE: BE 0477.490.913

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-01-2026 PDF all 23 filings

Equity
€163,051▼ 1.2%
2024 · €164,995
Total assets
€277,041▼ 6.6%
2024 · €296,702
Net result
-€1,943▲ 74.4%
2024 · -€7,595
Working capital
€275,151▼ 6.2%
2024 · €293,238
Multi-year overview
2019 to 2025, 7 financial years
Operating result
-€2,023
▲ 73.4% 2025
20192025
Net result
-€1,943
▲ 74.4% 2025
20192025
Equity
€163,051
▼ 1.2% 2025
20192025
Total assets
€277,041
▼ 6.6% 2025
20192025
Debt
€113,990
▼ 13.5% 2025
20192025
Working capital
€275,151
▼ 6.2% 2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€10,246--€3,473€1,868€7,853▲ 320%€50,799▲ 547%-€7,610-€2,023▲ 73.4%
Net result-€8,366--€11,567▼ 38.3%-€10,104▲ 12.7%-€244▲ 97.6%€50,799-€7,595-€1,943▲ 74.4%
Equity€143,706-€132,139▼ 8.0%€122,035▼ 7.6%€121,791▼ 0.2%€172,590▲ 41.7%€164,995▼ 4.4%€163,051▼ 1.2%
Total assets€678,671-€668,621▼ 1.5%€542,202▼ 18.9%€269,504▼ 50.3%€304,784▲ 13.1%€296,702▼ 2.7%€277,041▼ 6.6%
Debt€534,965-€536,482▲ 0.3%€420,166▼ 21.7%€147,713▼ 64.8%€132,194▼ 10.5%€131,707▼ 0.4%€113,990▼ 13.5%
Working capital€357,516-€342,983▼ 4.1%€250,279▼ 27.0%€250,035▼ 0.1%€300,833▲ 20.3%€293,238▼ 2.5%€275,151▼ 6.2%

The operating result for 2025 is a loss of €2,023, smaller than the loss of €7,610 in 2024.

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

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €277,041
Equity €163,051 ▼ 1.2%
Debt €113,990 ▼ 13.5%
Debt's share of the balance-sheet total falls from 44.4% to 41.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
6.63▼
2024 · 9.31
Debt to equity
0.70▼
2024 · 0.80
ROE
-1.2%▲
2024 · -4.6%
ROA
-0.7%▲
2024 · -2.6%
Debt ≤ 1 year
€1,890▼
2024 · €3,464
Debt > 1 year
€112,100▼
2024 · €128,244
Income taxes
-€10▼
2024 · €10
A ratio outside any meaningful range has been withheld (balance sheet total €277,041, equity €163,051).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€296,702€277,041▼
Current assets29/58€296,702€277,041▼
Stocks and contracts in progress3€264,460€264,508=
Stocks30/36€264,460€264,508=
Amounts receivable within one year40/41€13,519€12,443▼
Trade receivables40€713€713=
Other amounts receivable41€12,807€11,730▼
Cash at bank and in hand54/58€18,723€90▼
Equity and liabilities
Total equity and liabilities10/49€296,702€277,041▼
Equity10/15€164,995€163,051▼
Contributions10/11€418,600€418,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€255,465-€257,409▼
Amounts payable17/49€131,707€113,990▼
Amounts payable after more than one year17€128,244€112,100▼
Other amounts payable178/9€128,244€112,100▼
Amounts payable within one year42/48€3,464€1,890▼
Trade debts44€898€1,881▲
Suppliers440/4€898€1,881▲
Other amounts payable47/48€2,565€9▼
Income statement Code20242025
Other operating charges640/8€611€512▼
Gross operating margin9900-€6,998-€1,512▲
Operating profit (loss)9901-€7,610-€2,023▲
Financial income75/76B€33€86▲
Recurring financial income75€33€86▲
Financial charges65/66B€8€16▲
Recurring financial charges65€8€16▲
Profit (loss) for the period before taxes9903-€7,585-€1,953▲
Income taxes67/77€10-€10▼
Profit (loss) for the period9904-€7,595-€1,943▲
Profit (loss) for the period to be appropriated9905-€7,595-€1,943▲
Appropriation of the result
Profit (loss) to be appropriated9906-€259,891-€257,409▲
Profit (loss) brought forward from the previous period14P-€252,296-€255,465▼
Transfer from equity791/2€4,426-

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 31-01-2026.

Line2019202020212022202320242025Change
Other operating charges640/8---€1,024€855€611€512▼ 16.3%
Gross operating margin9900€11,828-€3,473€2,043€8,877€51,654-€6,998-€1,512▲ 78.4%
Operating profit (loss)9901€10,246-€3,473€1,868€7,853€50,799-€7,610-€2,023▲ 73.4%
Financial income75/76B-----€33€86▲ 164%
Recurring financial income75€489----€33€86▲ 164%
Financial charges65/66B---€8,097-€8€16▲ 101%
Recurring financial charges65€19,101€8,094€11,971€8,097-€8€16▲ 101%
Profit (loss) for the period before taxes9903-€8,366-€11,567-€10,104-€244€50,799-€7,585-€1,953▲ 74.3%
Income taxes67/77-----€10-€10-
Profit (loss) for the period9904-€8,366-€11,567-€10,104-€244€50,799-€7,595-€1,943▲ 74.4%
Profit (loss) for the period to be appropriated9905-€8,366-€11,567-€10,104-€244€50,799-€7,595-€1,943▲ 74.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€678,671€668,621€542,202€269,504€304,784€296,702€277,041▼ 6.6%
Current assets29/58€678,671€668,621€542,202€269,504€304,784€296,702€277,041▼ 6.6%
Stocks and contracts in progress3€659,919€659,919€531,369€253,100-€264,460€264,508=
Stocks30/36---€253,100-€264,460€264,508=
Amounts receivable within one year40/41€10,239€161€721€1,294€34,873€13,519€12,443▼ 8.0%
Trade receivables40---€1,263€25,713€713€713=
Other amounts receivable41---€30€9,160€12,807€11,730▼ 8.4%
Cash at bank and in hand54/58€8,513€8,541€10,112€15,110€269,911€18,723€90▼ 99.5%
Equity and liabilities
Total equity and liabilities10/49€678,671€668,621€542,202€269,504€304,784€296,702€277,041▼ 6.6%
Equity10/15€143,706€132,139€122,035€121,791€172,590€164,995€163,051▼ 1.2%
Contributions10/11€418,600€418,600€418,600€418,600€418,600€418,600€418,600=
Reserves13€6,286€6,286€6,286€6,286€6,286€1,860€1,860=
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---€4,426€4,426---
Profit (loss) carried forward14-€281,179-€292,746-€302,850-€303,095-€252,296-€255,465-€257,409▼ 0.8%
Amounts payable17/49€534,965€536,482€420,166€147,713€132,194€131,707€113,990▼ 13.5%
Amounts payable after more than one year17€210,844€210,844€128,244€128,244€128,244€128,244€112,100▼ 12.6%
Other amounts payable178/9---€128,244€128,244€128,244€112,100▼ 12.6%
Amounts payable within one year42/48€321,155€325,639€291,923€19,469€3,951€3,464€1,890▼ 45.4%
Trade debts44€858€4,379€450€975€1,385€898€1,881▲ 109%
Suppliers440/4---€975€1,385€898€1,881▲ 109%
Other amounts payable47/48---€18,494€2,565€2,565€9▼ 99.7%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€8,366-€11,567-€10,104-€244€50,799-€7,595-€1,943▲ 74.4%
Operating cash flow (approximation)-€8,366-€11,567-€10,104-€244€50,799-€7,595-€1,943▲ 74.4%
Change in cash-€29€1,570€4,999€254,801-€251,188-€18,632▲ 92.6%

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, 12,322 companies had the same profile as WEDEBO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
90.3% was still going
8.6% stopped otherwise
0.7% went bankrupt

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of WEDEBO itself: 0.4% within 12 months.

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 12,322 companies, not a prediction for WEDEBO. 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 23 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 31-01-2026 2026-00024432 PDF
30-06-2024 micro format 31-01-2025 2025-00020103 PDF
30-06-2023 micro format 30-01-2024 2024-00012902 PDF
30-06-2022 micro format 31-01-2023 2023-00011420 PDF
30-06-2021 micro format 31-01-2022 2022-03500195 PDF
30-06-2020 micro format 18-02-2021 2021-05700227 PDF
30-06-2019 abbreviated format 31-01-2020 2020-03900404 PDF
30-06-2018 abbreviated format 30-01-2019 2019-03700269 PDF
30-06-2017 abbreviated format 29-01-2018 2018-02900447 PDF
30-06-2016 abbreviated format 30-01-2017 2017-03400420 PDF

Show all 23 filings

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