WELAKO
ActiveSummary
WELAKO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €655,286 and a net result of €211,889. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.46 against 2.28 in 2024; short-term debt: 18% and cash: 44.1% of total assets), and 18% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
82%
Return on assets
26.5%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-12-2025, 139 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
139 d early
2024
30 d early
2023
71 d early
2022
46 d early
2021
44 d early
2020
60 d early
2019
55 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 64 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 15 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€655,286▲ 21.9%
2024 · €537,638
Total assets
€798,759▲ 12.2%
2024 · €711,641
Net result
€211,889▲ 74.9%
2024 · €121,157
Working capital
€352,776▲ 58.6%
2024 · €222,441
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 70, Activities of head offices; management consultancy 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€75,622▼ 48.2%€134,424▲ 77.8%€244,920▲ 82.2%€170,892▼ 30.2%€306,558▲ 79.4%
Net result€48,699within the sector's middle half▼ 49.2%€91,408above the sector's middle half▲ 87.7%€168,333above the sector's middle half▲ 84.2%€121,157above the sector's middle half▼ 28.0%€211,889above the sector's middle half▲ 74.9%
Equity€534,764above the sector's middle half▲ 9.7%€624,571above the sector's middle half▲ 16.8%€564,241above the sector's middle half▼ 9.7%€537,638above the sector's middle half▼ 4.7%€655,286above the sector's middle half▲ 21.9%
Total assets€706,112above the sector's middle half▲ 3.9%€666,172above the sector's middle half▼ 5.7%€843,609above the sector's middle half▲ 26.6%€711,641above the sector's middle half▼ 15.6%€798,759above the sector's middle half▲ 12.2%
Debt€171,349▼ 10.9%€41,601▼ 75.7%€279,369▲ 572%€174,003▼ 37.7%€143,473▼ 17.5%
Working capital-€22,531below the sector's middle half▲ 72.2%€108,667within the sector's middle half€236,201above the sector's middle half▲ 117%€222,441above the sector's middle half▼ 5.8%€352,776above the sector's middle half▲ 58.6%
Solvency75.7%within the sector's middle half▲ 4.0pp93.8%above the sector's middle half▲ 18.0pp66.9%within the sector's middle half▼ 26.9pp75.5%within the sector's middle half▲ 8.7pp82.0%above the sector's middle half▲ 6.5pp
Current ratio0.87below the sector's middle half▲ 0.293.61within the sector's middle half▲ 2.741.85within the sector's middle half▼ 1.772.28within the sector's middle half▲ 0.433.46within the sector's middle half▲ 1.18
Return on assets (ROA)6.9%within the sector's middle half▼ 7.2pp13.7%within the sector's middle half▲ 6.8pp20.0%within the sector's middle half▲ 6.2pp17.0%within the sector's middle half▼ 2.9pp26.5%within the sector's middle half▲ 9.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 recovers in 2025; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €798,759
Fixed assets
€302,510 ▼ 4.0%
Current assets
€496,249 ▲ 25.2%
Equity and liabilities €798,759
Equity
€655,286 ▲ 21.9%
Debt
€143,473 ▼ 17.5%
Debt's share of the balance-sheet total falls from 24.5% to 18.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€319,245▲
2024 · €183,735
Cash flow
€224,576▲
2024 · €134,000
Debt to equity
0.22▼
2024 · 0.32
ROE
32.3%▲
2024 · 22.5%
Interest coverage
80.74▲
2024 · 62.04
Debt ≤ 1 year
€143,473▼
2024 · €174,003
Income taxes
€94,121▲
2024 · €52,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 17,811 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 | - | - | €95,071 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,317 | €21,820 | €13,935 | €12,843 | €12,687 | ▼ 1.2% |
| Other operating charges640/8 | - | €3,313 | €2,639 | €2,220 | €2,025 | ▼ 8.8% |
| Non-recurring operating charges66A | - | €1,708 | €0 | - | - | - |
| Gross operating margin9900 | €110,877 | €161,265 | €261,495 | €185,956 | €321,270 | ▲ 72.8% |
| Operating profit (loss)9901 | €75,622 | €134,424 | €244,920 | €170,892 | €306,558 | ▲ 79.4% |
| Financial income75/76B | - | €6 | €1,712 | €5,259 | €3,406 | ▼ 35.2% |
| Recurring financial income75 | €0 | €6 | €1,712 | €5,259 | €3,406 | ▼ 35.2% |
| Financial charges65/66B | - | €3,729 | €2,511 | €2,961 | €3,954 | ▲ 33.5% |
| Recurring financial charges65 | €5,803 | €3,729 | €2,511 | €2,961 | €3,954 | ▲ 33.5% |
| Profit (loss) for the period before taxes9903 | €69,819 | €130,702 | €244,122 | €173,190 | €306,010 | ▲ 76.7% |
| Income taxes67/77 | €21,120 | €39,294 | €75,789 | €52,033 | €94,121 | ▲ 80.9% |
| Profit (loss) for the period9904 | €48,699 | €91,408 | €168,333 | €121,157 | €211,889 | ▲ 74.9% |
| Profit (loss) for the period to be appropriated9905 | €48,699 | €91,408 | €168,333 | €121,157 | €211,889 | ▲ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €706,112 | €666,172 | €843,609 | €711,641 | €798,759 | ▲ 12.2% |
| Fixed assets21/28 | €557,294 | €515,904 | €328,040 | €315,197 | €302,510 | ▼ 4.0% |
| Tangible fixed assets22/27 | €557,294 | €515,904 | €328,040 | €315,197 | €302,510 | ▼ 4.0% |
| Land and buildings22 | - | €498,002 | €311,606 | €299,581 | €287,556 | ▼ 4.0% |
| Furniture and vehicles24 | - | €962 | €156 | €0 | - | - |
| Other tangible fixed assets26 | - | €16,941 | €16,278 | €15,616 | €14,954 | ▼ 4.2% |
| Current assets29/58 | €148,818 | €150,268 | €515,569 | €396,444 | €496,249 | ▲ 25.2% |
| Amounts receivable within one year40/41 | €62,616 | €22,585 | €35,547 | €28,928 | €15,494 | ▼ 46.4% |
| Trade receivables40 | - | €22,585 | €33,061 | €24,351 | €15,494 | ▼ 36.4% |
| Other amounts receivable41 | - | €0 | €2,486 | €4,577 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €100,000 | €275,000 | €128,270 | ▼ 53.4% |
| Cash at bank and in hand54/58 | €86,203 | €127,683 | €378,422 | €90,045 | €352,485 | ▲ 291% |
| Deferred charges and accrued income490/1 | - | - | €1,600 | €2,471 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €706,112 | €666,172 | €843,609 | €711,641 | €798,759 | ▲ 12.2% |
| Equity10/15 | €534,764 | €624,571 | €564,241 | €537,638 | €655,286 | ▲ 21.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €516,164 | €605,971 | €545,641 | €519,038 | €636,686 | ▲ 22.7% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €604,111 | €545,641 | €519,038 | €636,686 | ▲ 22.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €171,349 | €41,601 | €279,369 | €174,003 | €143,473 | ▼ 17.5% |
| Amounts payable within one year42/48 | €171,349 | €41,601 | €279,369 | €174,003 | €143,473 | ▼ 17.5% |
| Trade debts44 | €19,671 | €12,756 | €1,963 | €1,982 | €1,770 | ▼ 10.7% |
| Suppliers440/4 | - | €12,756 | €1,963 | €1,982 | €1,770 | ▼ 10.7% |
| Taxes, remuneration and social security45 | - | €8,697 | €66,238 | €23,506 | €34,276 | ▲ 45.8% |
| Taxes450/3 | - | €8,697 | €60,588 | €23,506 | €34,276 | ▲ 45.8% |
| Remuneration and social security454/9 | - | - | €5,650 | €0 | - | - |
| Other amounts payable47/48 | - | €20,149 | €211,167 | €148,516 | €107,426 | ▼ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,699 | €91,408 | €168,333 | €121,157 | €211,889 | ▲ 74.9% |
| + Depreciation and write-downs630 | €32,317 | €21,820 | €13,935 | €12,843 | €12,687 | ▼ 1.2% |
| Operating cash flow (approximation) | €81,016 | €113,228 | €182,268 | €134,000 | €224,576 | ▲ 67.6% |
| Investment in fixed assets (approximation) | - | €19,570 | €173,929 | €0 | €0 | - |
| Change in cash | - | €41,480 | €250,739 | -€288,377 | €262,439 | ▲ 191% |
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
28-08
State Gazette act
General meeting · Director resignation
Permanent representative
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2019net €211,889 ▲74.9%
Operating result €306,558, net result €211,889, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity quadruplescurrent ratio 3.61
Current ratio from 0.87 to 3.61; short-term debt falls from €171,349 to €41,601.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €48,699 ▼49.2%
Net result drops to €48,699, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €500,000Eq €534,764 ▲9.7%
3 profitable years in a row build equity to €534,764.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-10
State Gazette act
General meeting · Demerger
Incorporation · Corporate purpose · Orinn Vijncke
Show earlier events
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-04
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
11-03
State Gazette act
Board meeting · Power of attorney
Director resignation · Director appointment
11-03
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-12
State Gazette act
Board meeting · Director resignation
Director confirmation · Mandate compensation
08-05
State Gazette act
General meeting · Purpose change
Statutes amendment · Capital · Orinn Vijncke
30-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
26-03
State Gazette act
General meeting · Capital
Statutes amendment · Director resignation · Orinn Vijncke
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Kortrijk · 1 establishment unit since 2013
Ground area
2,537 m²
Building footprint
1,351 m²
Volume, LiDAR
204 m³
Parcel 34016C0105/00W000, Flanders · tallest building 10.4 m. Linked by address, not a title deed.
1 establishment unit
Lagaeplein(Heu) 11, 8501 Kortrijk
since 20132.215.486.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0105/00W000 | Flanders | 2,537 m² | 1 · 1,351 m² | 10.3 m |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Recognitions · licences · registrations
Legal Entity Identifier
8945000DJVZC53IA2Z40
Similar companies · same sector, comparable size
ILLEX
BE 0431.277.440
Bocholt · Eq €653,806
ORTEGAWYNTER
BE 0501.597.490
Beveren-Kruibeke-Zwijndrecht · Eq €657,249
Astraya
BE 0835.188.707
Leuven · Eq €653,123
Strada Nova
BE 0642.824.641
Laarne · Eq €652,008
BERT WEEMAES
BE 0537.167.687
Antwerpen · Eq €660,326
Of 5,710 companies in this sector we hold annual accounts for 3,521. 2,106 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
Founded10-12-2012
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
Contact
E-mail
john.laebens@tvh.comKortrijk
Phone
0478 99 06 34Kortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508580995
Also
9925:BE0508580995
Registered
22-10-2025
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.