WEFA
ActiveSummary
WEFA has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €12,523. Equity has been growing by about 22% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-06-1987 Normal situation
- Activity
- “La société a aussi pour objet,toutes les activités de conseil en gestion.” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.030.893.849 1030 Schaerbeek, since 29-10-1987
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- GOLD INVESTDirector · permanent representative TÜFEKCI Atilla
- AT Immobilier100%· score 972025 annual accounts of AT Immobilier
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €23,270
- ▲ 137%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €12,523
- ▲ 159%
- Equity
- €1.3m
- ▲ 376%
- Total assets
- €1.3m
- ▲ 385%
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskLast filed accounts filed 27 days late; 1 of the last 3 accounts lateNo main activity registeredlowers riskSize: total assets €1.3mEquity €1.3m (97.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 52% on liquidity, 49% on profitability and 98% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 26 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449016.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 38 filings
Every figure per financial year
The operating result for 2025 is 195% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,749 | - | - | €169,935 |
| Depreciation and write-downs of the year | €921 | €840 | €1,090 | €1,090 | €5,870 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €921 | €921 | €921 | €921 | €840 | €1,090 | €1,090 | €5,870 | ▲ 438% |
| Other operating charges640/8 | - | - | - | €3,511 | €3,588 | €4,212 | €4,370 | €4,542 | ▲ 3.9% |
| Gross operating margin9900 | €22,009 | €30,053 | €13,331 | €20,475 | €34,740 | €21,147 | €9,817 | €23,270 | ▲ 137% |
| Operating profit (loss)9901 | €17,968 | €25,954 | -€89,553 | €16,044 | €30,312 | €15,844 | €4,356 | €12,858 | ▲ 195% |
| Financial income75/76B | - | - | - | - | - | €7,254 | €526 | €3 | ▼ 99.5% |
| Recurring financial income75 | €95 | - | - | - | - | €6,720 | €526 | €3 | ▼ 99.5% |
| Non-recurring financial income76B | - | - | - | - | - | €534 | - | - | - |
| Financial charges65/66B | - | - | - | - | - | - | €374 | €345 | ▼ 7.6% |
| Recurring financial charges65 | €1 | - | - | - | - | - | €374 | €345 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €18,062 | €25,954 | -€89,553 | €16,044 | €30,312 | €23,098 | €4,508 | €12,516 | ▲ 178% |
| Income taxes67/77 | - | €10,115 | €0 | €8,140 | €14,155 | €6,360 | -€336 | -€7 | ▲ 97.9% |
| Profit (loss) for the period9904 | €18,062 | €15,840 | -€89,553 | €7,904 | €16,156 | €16,738 | €4,844 | €12,523 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €18,062 | €15,840 | -€89,553 | €7,904 | €16,156 | €16,738 | €4,844 | €12,523 | ▲ 159% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €1.3m | ▲ 385% |
| Fixed assets21/28 | €0.09m | €0.08m | €0.08m | €0.08m | €0.09m | €0.09m | €0.09m | €1.3m | ▲ 14× |
| Tangible fixed assets22/27 | €0.09m | €0.08m | €0.08m | €0.08m | €0.09m | €0.09m | €0.09m | €1.3m | ▲ 14× |
| Land and buildings22 | - | - | - | €0.07m | €0.08m | €0.08m | €0.08m | €1.1m | ▲ 14× |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.009m | €0.009m | €0.008m | €0.2m | ▲ 21× |
| Current assets29/58 | €0.3m | €0.3m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 63.1% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.004m | ▼ 96.8% |
| Trade receivables40 | - | - | - | €0.001m | €47 | - | - | €0.004m | - |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €117 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €0.1m | €0.06m | €0.03m | €0.03m | €0.04m | €0.05m | €0.06m | €0.06m | ▲ 14.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €1.3m | ▲ 385% |
| Equity10/15 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €1.3m | ▲ 376% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | - | €1.0m | - |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 3.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.002m | ▼ 82.7% |
| Profit (loss) carried forward14 | €0.02m | €0.02m | -€0.07m | -€0.06m | -€0.04m | -€0.03m | -€0.02m | €0 | - |
| Amounts payable17/49 | €0.08m | €0.04m | - | - | - | €0.001m | €0.002m | €0.04m | ▲ 17× |
| Amounts payable within one year42/48 | €0.08m | €0.04m | - | - | - | €0.001m | €0.002m | €0.04m | ▲ 20× |
| Trade debts44 | - | - | - | - | - | - | €471 | €0.04m | ▲ 78× |
| Suppliers440/4 | - | - | - | - | - | - | €471 | €0.04m | ▲ 78× |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.001m | €0.001m | - | - |
| Taxes450/3 | - | - | - | - | - | €0.001m | €0.001m | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €182 | €182 | €203 | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €387 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.02m | -€0.09m | €0.008m | €0.02m | €0.02m | €0.005m | €0.01m | ▲ 159% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.006m | ▲ 438% |
| Operating cash flow (approximation) | €0.02m | €0.02m | -€0.09m | €0.009m | €0.02m | €0.02m | €0.006m | €0.02m | ▲ 210% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0.006m | -€0.001m | €0 | -€1.2m | - |
| Change in cash | - | -€0.08m | -€0.03m | €0.003m | €0.004m | €0.009m | €0.008m | €0.008m | ▼ 0.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as WEFA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WEFA itself: 0.1% 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.
| 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 14,766 companies, not a prediction for WEFA. 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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00449016 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00394507 | |
| 31-12-2023 | micro format | 24-09-2024 | 2024-00470297 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00095874 | |
| 31-12-2021 | full format | 26-08-2022 | 2022-20321469 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-60800112 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-66100465 | |
| 31-12-2018 | full format | 27-09-2019 | 2019-66300306 | |
| 31-12-2017 | full format | 08-10-2018 | 2018-68900263 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-66600096 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
Owners 1
- AT ImmobilierparentEquity €2.6m Profit of €5,471 in 2025 (profit of €53,700 in 2024) Checked score 97100%
Owners through the years 2024 to 2025
| Name | 2024 | 2025 |
|---|---|---|
| AT Immobilier | 100% | |
Source: lists of holdings in the owners' accounts
Capital transactions
- 05-07-2024 Converted to unavailable equity · €20,451
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| GOLD INVEST |
|
| GRINTZIAS Georges |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Si rémunéré,assemblée générale à majorité absolue ou actionnaire unique détermine montant fixe ou proportionnel, assemblée générale décide…”
Articles of association, deed of 05-07-2024 (in French)
Network & group
Companies at the same address
4 other companies- IMMOBILIERE DU VAL Registered office · since 24-06-2019Founded in 2019 · total assets €111,364 (2025) 0728.797.622
- Pedroni, Julien (sole trader) Establishment · since 29-11-2017Founded in 2017 0685.481.182
- GOLD INVEST Registered office · since 10-02-2009Founded in 2009 · 1.5 FTE (2025) 0809.593.969
- AT Immobilier Registered office · since 10-06-1999Founded in 1999 · total assets €3.3m (2025) 0466.215.850
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Deeds, filings and financial milestones
05-07
Gazette deed
1 director appointed, 1 manager resigningResignation: GRINTZIAS Georges (manager) · Appointment: GOLD INVEST (director) · Permanent representative: TÜFEKCI Atilla9 points ▸
- Director resignation, GRINTZIAS Georges (manager), mentioned twice in the deed
- Director discharge, GRINTZIAS Georges (manager)
- Director appointment, GOLD INVEST, mentioned twice in the deed
- Permanent representative, TÜFEKCI Atilla, mentioned twice in the deed
- 750 shares, mentioned twice in the deed
- Registered office clause, boulevard Général Wahis 272, 1030 Schaerbeek, mentioned twice in the deed
- Director discharge, GRINTZIAS Georges
- Registered-office move, boulevard Général Wahis 272, 1030 Schaerbeek
- Purpose change, “texte nouveaux statuts ci-dessous” (deed in French)
- The deed holds 10 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
4 activities
- La société a aussi pour objet,toutes les activités de conseil en gestion.
- La société peut exercer la gestion temporaire ou permanente de sociétés.
- La société peut acquérir,conserver,revendre tous types de valeur mobilière et notamment des actions ou parts d’autres sociétés.
- La société a pour objet,tant en Belgique qu'à l'étranger,pour son compte ou pour compte de tiers ou en participation,l’acquisition par l’achat ou autrement,la vente,l’aliénation partielle ou totale,l’échange,le leasing,la location sous toutes ses formes dont l’emphytéose,la sous-location,la gestion,la promotion,l’entretien,la rénovation,l’équipement,l’aménagement,la transformation,la mise en valeur,l’embellissement,la construction,le lotissement,la prospection et l’exploitation de tous biens immobiliers de quelque nature qu’ils soient ainsi que toutes opérations qui directement ou indirectement sont en relation avec cet objet.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21904B0426/00E008 | Brussels | 221 m² | 1 · 132 m² | 18.6 m · 4 |