Weld Service
ActiveThe computed 12-month bankruptcy probability of Weld Service is 1.8% (moderate). The 2024 annual accounts show equity of €66k and a net result of €15k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 2437 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
90
/ 100
Excellent▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency97▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 4.04 in 2023), and 45.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.2%
Return on assets
12%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
51 d late
2022
49 d late
2021
162 d late
2020
90 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€66k▼ 7.4%
2023 · €72k
2018: €13k
2019: €20k
2020: €32k
2021: €41k
2022: €48k
2023: €72k
2018 → 2024
Total assets
€122k▲ 14.0%
2023 · €107k
2018: €51k
2019: €54k
2020: €47k
2021: €68k
2022: €70k
2023: €107k
2018 → 2024
Net result
€15k▼ 38.3%
2023 · €24k
2018: €99
2019: €1k
2020: €12k
2021: €9k
2022: €7k
2023: €24k
2018 → 2024
Working capital
€50k▼ 2.5%
2023 · €52k
2018: €-17k
2019: €-8k
2020: €5k
2021: €14k
2022: €29k
2023: €52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€41k▲ 29.9%€48k▲ 16.0%€72k▲ 49.9%€66k▼ 7.4%
Operating result€14k-€12k▼ 16.1%€7k▼ 40.6%€31k▲ 343%€18k▼ 42.3%
Net result€12k-€9k▼ 19.4%€7k▼ 30.7%€24k▲ 262%€15k▼ 38.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€30k▼ 21.6%
Current assets
€92k▲ 33.9%
Equity and liabilities €122k
Equity
€66k▼ 7.4%
Debt
€56k▲ 57.2%
The debt ratio rises from 33.2% to 45.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€27k▼
2023 · €41k
Cash flow
€24k▼
2023 · €34k
Solvency
54.2%▼
2023 · 66.8%
Current ratio
2.21▼
2023 · 4.04
Quick ratio
1.97▼
2023 · 3.47
Debt / equity
0.84▲
2023 · 0.50
ROE
22.2%▼
2023 · 33.3%
ROA
12.0%▼
2023 · 22.2%
Interest coverage
18.24▼
2023 · 56.11
Debt
€56k▲
2023 · €36k
Debt ≤ 1 year
€42k▲
2023 · €17k
Debt > 1 year
€14k▼
2023 · €19k
Income taxes
€4k▼
2023 · €8k
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€107k€122k▲
Fixed assets21/28€38k€30k▼
Intangible fixed assets21€12k€9k▼
Tangible fixed assets22/27€27k€21k▼
Land and buildings22€0-
Plant, machinery and equipment23€0€818▲
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25€23k€18k▼
Current assets29/58€69k€92k▲
Stocks and contracts in progress3€10k€10k▲
Stocks30/36€10k€10k▲
Amounts receivable within one year40/41€43k€53k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€40k€49k▲
Cash at bank and in hand54/58€12k€24k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€107k€122k▲
Equity10/15€72k€66k▼
Contributions10/11€19k€19k=
Reserves13€50k€45k▼
Non-distributable reserves130/1€77-
Reserves not available under the articles1311€77-
Distributable reserves133€50k€45k▼
Profit (loss) carried forward14€3k€3k▼
Amounts payable17/49€36k€56k▲
Amounts payable after more than one year17€19k€14k▼
Financial debts170/4€19k€14k▼
Amounts payable within one year42/48€17k€42k▲
Current portion of amounts payable after more than one year42€7k€4k▼
Financial debts43€1k€8k▲
Credit institutions430/8€1k€8k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48-€17k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€582€594▲
Gross operating margin9900€42k€28k▼
Operating profit (loss)9901€31k€18k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€732€1k▲
Recurring financial charges65€732€1k▲
Profit (loss) for the period before taxes9903€32k€19k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€24k€15k▼
Profit (loss) for the period to be appropriated9905€24k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€18k▼
Profit (loss) brought forward from the previous period14P€4k€3k▼
Transfer from equity791/2-€20k
Transfer to equity691/2€25k€15k▼
To other reserves6921€25k€15k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Highest result since 2018net €24k ▲262%
Operating result €31k, net result €24k, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 162 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Duffel · 1 establishment unit since 2018
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.
Mijlstraat 72570 DuffelGround area
845 m²
Building footprint
161 m²
Volume, LiDAR
775 m³
Parcel 12302C0600/00C002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Weld Service
since 20182.280.719.824
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302C0600/00C002 | Flanders | 845 m² | 1 · 161 m² | 7.5 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.
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,132. 1,511 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2018
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
01620Support activities for animal production
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@weldservice.be
Phone:+3215317423