WELD
ActiveThe computed 12-month bankruptcy probability of WELD is 3.6% (moderate). The 2024 annual accounts show equity of €86k and a net result of €34k. Equity is growing by ~34.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 18939 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+1
Solvency76▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.28 in 2023; short-term debt: 47.7% and cash: 42.3% of total assets), and 49.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
85 d late
2023
65 d late
2022
63 d late
2021
135 d late
2020
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€455k
EBIT margin
10.8%
Net result
€34k▲ 15.5%
2023 · €29k
2020: €8k
2021: €436
2022: €-5k
2023: €29k
2020 → 2024
Working capital
€62k▲ 247%
2023 · €18k
2020: €-13k
2021: €-8k
2022: €-23k
2023: €18k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€455k
Equity€28k-€28k▲ 1.6%€23k▼ 18.2%€52k▲ 126%€86k▲ 64.5%
Operating result€10k-€3k▼ 68.8%€188▼ 94.1%€49k▲ 26,115%€56k▲ 14.5%
Net result€8k-€436▼ 94.3%€-5k€29k€34k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €168k
Fixed assets
€26k▼ 24.5%
Current assets
€142k▲ 73.0%
Equity and liabilities €168k
Equity
€86k▲ 64.5%
Debt
€83k▲ 28.2%
The debt ratio falls from 55.3% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70k▲
2023 · €68k
Cash flow
€47k▼
2023 · €48k
Solvency
50.9%▲
2023 · 44.7%
Current ratio
1.77▲
2023 · 1.28
Quick ratio
1.50▲
2023 · 0.94
Debt / equity
0.97▼
2023 · 1.24
ROE
39.2%▼
2023 · 55.8%
ROA
19.9%▼
2023 · 24.9%
Interest coverage
19.36▼
2023 · 26.62
Debt
€83k▲
2023 · €64k
Debt ≤ 1 year
€80k▲
2023 · €64k
Debt > 1 year
€2k
Income taxes
€19k▲
2023 · €18k
Staff costs
€43k▼
2023 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€116k€168k▲
Fixed assets21/28€34k€26k▼
Tangible fixed assets22/27€34k€25k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€16k€12k▼
Financial fixed assets28-€300
Current assets29/58€82k€142k▲
Stocks and contracts in progress3€22k€22k=
Stocks30/36€22k€22k=
Amounts receivable within one year40/41€35k€49k▲
Trade receivables40€29k€28k▼
Other amounts receivable41€5k€21k▲
Cash at bank and in hand54/58€26k€71k▲
Deferred charges and accrued income490/1-€153
Equity and liabilities
Total equity and liabilities10/49€116k€168k▲
Equity10/15€52k€86k▲
Contributions10/11€20k€20k=
Reserves13€29k€29k=
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€3k€37k▲
Amounts payable17/49€64k€83k▲
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€64k€80k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€28k€15k▼
Suppliers440/4€28k€15k▼
Taxes, remuneration and social security45€31k€60k▲
Taxes450/3€31k€60k▲
Other amounts payable47/48€5k-
Income statement
Code20232024
Turnover70€455k-
Goods, raw materials, services and sundry goods60/61€319k-
Remuneration, social security and pensions62€72k€43k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€14k▼
Other operating charges640/8€543€752▲
Gross operating margin9900€140k€114k▼
Operating profit (loss)9901€49k€56k▲
Financial income75/76B€166€11▼
Recurring financial income75€166€11▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€47k€53k▲
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€29k€34k▲
Profit (loss) for the period to be appropriated9905€29k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€37k▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer to equity691/2€29k-
To the legal reserve6920€29k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
31-12
Financial
Highest result since 2020net €34k ▲15.5%
Operating result €56k, net result €34k, both a record.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Weakest financial yearnet €-5k ▼1273%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ravels · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weeldestraat 862381 RavelsGround area
2.9 ha
Building footprint
647 m²
Volume, LiDAR
3,528 m³
Parcel 13048C0227/00G000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WELD
since 20192.291.637.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048C0227/00G000 | Flanders | 2.9 ha | 1 · 647 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.291.637.767
Similar companies · same sector, comparable size
DAMFRA
BE 0741.540.749
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HUMBLET GOBEAUX
BE 0560.700.283
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O-ILIOS
BE 0782.855.128
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OCEANIC
BE 0440.947.845
Middelkerke · Eq €86k
’t Noorderlicht
BE 0715.767.750
Damme · Eq €86k
Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 9,715 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.