WELAMI
ActiveSummary
The computed 12-month bankruptcy probability of WELAMI is 1.9% (moderate). The 2025 annual accounts show equity of €178,456 and a net result of €16,828. Equity is growing by ~25.2% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+14
Solvency55▲+2
Growth62=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.03 in 2024; short-term debt: 14.7% and cash: 1.1% of total assets), and 70% 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
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
30%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 d early
2024
18 d late
2023
31 d late
2022
31 d late
2021
26 d late
2020
17 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€73,020▼ 88.4%
2021 · €632,133
EBIT margin
32.5%▼ 6.5pp
2021 · 39.0%
Net result
€16,828▲ 25.3%
2024 · €13,433
Working capital
-€81,007▼ 17.7%
2024 · -€68,823
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€632,133▲ 748%€73,020▼ 88.4%
Operating result€246,442€23,722▼ 90.4%€30,966▲ 30.5%€26,753▼ 13.6%€29,200▲ 9.1%
Net result€180,380€7,504▼ 95.8%€14,035▲ 87.0%€13,433▼ 4.3%€16,828▲ 25.3%
EBIT margin39.0%▲ 57.6pp32.5%▼ 6.5pp
Equity€156,656€164,160▲ 4.8%€166,195▲ 1.2%€169,628▲ 2.1%€178,456▲ 5.2%
Total assets€728,840▼ 32.3%€718,813▼ 1.4%€641,366▼ 10.8%€613,042▼ 4.4%€593,990▼ 3.1%
Debt€572,184▼ 48.0%€554,653▼ 3.1%€475,171▼ 14.3%€443,414▼ 6.7%€415,534▼ 6.3%
Working capital-€21,441-€12,705▲ 40.7%-€36,791▼ 190%-€68,823▼ 87.1%-€81,007▼ 17.7%
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 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593,990
Fixed assets
€587,748 ▼ 3.8%
Current assets
€6,242 ▲ 231%
Equity and liabilities €593,990
Equity
€178,456 ▲ 5.2%
Debt
€415,534 ▼ 6.3%
Debt's share of the balance-sheet total falls from 72.3% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,608▲
2024 · €50,160
Cash flow
€40,235▲
2024 · €36,841
Current ratio
0.07▲
2024 · 0.03
Debt to equity
2.33▼
2024 · 2.61
ROE
9.4%▲
2024 · 7.9%
ROA
2.8%▲
2024 · 2.2%
Interest coverage
5.74▲
2024 · 4.17
Debt ≤ 1 year
€87,250▲
2024 · €70,710
Debt > 1 year
€324,358▼
2024 · €367,704
Income taxes
€3,213▲
2024 · €1,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,045 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €632,133 | €73,020 | - | - | - | - |
| Non-recurring operating income76A | €6,445 | €3,144 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €363,679 | €17,422 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,408 | €23,408 | €23,408 | €23,408 | €23,408 | = |
| Other operating charges640/8 | €5,050 | €11,612 | €4,333 | €7,123 | €7,751 | ▲ 8.8% |
| Gross operating margin9900 | €274,899 | €58,742 | €58,706 | €57,283 | €60,359 | ▲ 5.4% |
| Operating profit (loss)9901 | €246,442 | €23,722 | €30,966 | €26,753 | €29,200 | ▲ 9.1% |
| Financial charges65/66B | €19,350 | €13,450 | €12,352 | €12,034 | €9,159 | ▼ 23.9% |
| Recurring financial charges65 | €19,350 | €13,450 | €12,352 | €12,034 | €9,159 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €227,091 | €10,272 | €18,613 | €14,719 | €20,041 | ▲ 36.2% |
| Income taxes67/77 | €46,712 | €2,769 | €4,578 | €1,286 | €3,213 | ▲ 150% |
| Profit (loss) for the period9904 | €180,380 | €7,504 | €14,035 | €13,433 | €16,828 | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €180,380 | €7,504 | €14,035 | €13,433 | €16,828 | ▲ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €728,840 | €718,813 | €641,366 | €613,042 | €593,990 | ▼ 3.1% |
| Fixed assets21/28 | €681,378 | €657,970 | €634,563 | €611,155 | €587,748 | ▼ 3.8% |
| Tangible fixed assets22/27 | €681,378 | €657,970 | €634,563 | €611,155 | €587,748 | ▼ 3.8% |
| Land and buildings22 | €681,378 | €657,970 | €634,563 | €611,155 | €587,748 | ▼ 3.8% |
| Current assets29/58 | €47,462 | €60,843 | €6,803 | €1,887 | €6,242 | ▲ 231% |
| Amounts receivable within one year40/41 | €893 | - | €241 | - | - | - |
| Trade receivables40 | €893 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €241 | - | - | - |
| Cash at bank and in hand54/58 | €46,569 | €60,843 | €6,562 | €1,887 | €6,242 | ▲ 231% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €728,840 | €718,813 | €641,366 | €613,042 | €593,990 | ▼ 3.1% |
| Equity10/15 | €156,656 | €164,160 | €166,195 | €169,628 | €178,456 | ▲ 5.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €138,056 | €145,560 | €147,595 | €151,028 | €159,856 | ▲ 5.8% |
| Amounts payable17/49 | €572,184 | €554,653 | €475,171 | €443,414 | €415,534 | ▼ 6.3% |
| Amounts payable after more than one year17 | €503,281 | €469,493 | €426,193 | €367,704 | €324,358 | ▼ 11.8% |
| Financial debts170/4 | €503,281 | €469,493 | €426,193 | €367,704 | €324,358 | ▼ 11.8% |
| Amounts payable within one year42/48 | €68,903 | €73,548 | €43,594 | €70,710 | €87,250 | ▲ 23.4% |
| Current portion of amounts payable after more than one year42 | €16,301 | €17,578 | €17,271 | €17,195 | €18,346 | ▲ 6.7% |
| Trade debts44 | - | - | - | €5,154 | €8,528 | ▲ 65.4% |
| Suppliers440/4 | - | - | - | €5,154 | €8,528 | ▲ 65.4% |
| Taxes, remuneration and social security45 | €46,712 | €49,480 | €4,533 | €3,051 | €3,913 | ▲ 28.3% |
| Taxes450/3 | €46,712 | €49,480 | €4,533 | €3,051 | €3,913 | ▲ 28.3% |
| Other amounts payable47/48 | €5,890 | €6,490 | €21,790 | €45,309 | €56,463 | ▲ 24.6% |
| Accrued charges and deferred income492/3 | - | €11,612 | €5,384 | €5,000 | €3,927 | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €180,380 | €7,504 | €14,035 | €13,433 | €16,828 | ▲ 25.3% |
| + Depreciation and write-downs630 | €23,408 | €23,408 | €23,408 | €23,408 | €23,408 | = |
| Operating cash flow (approximation) | €203,787 | €30,911 | €37,443 | €36,841 | €40,235 | ▲ 9.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €14,274 | -€54,280 | -€4,676 | €4,356 | ▲ 193% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €180,380
Net result €180,380 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €156,656
Equity rises from -€23,724 to €156,656.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet -€28,168
Net result drops to -€28,168, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €136,226
Net result €136,226 after one loss-making year.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Ukkel · 1 establishment unit since 2016
Ground area
1,087 m²
Building footprint
581 m²
Volume, LiDAR
9,369 m³
2 parcels, Brussels · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
WELAMI
since 20162.251.606.065
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00B060 | Brussels | 901 m² | 1 · 463 m² | 21.8 m · 6 fl. |
| 21447B0310/00P041 | Brussels | 186 m² | 1 · 118 m² | 19.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0650899296
Also
9925:BE0650899296
Registered
07-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.