WELDER

Active

Private limited companyfounded 20232 yrs activeZomerlandstraat 5, 8870 Izegem, BelgiumKBO/BCE: BE 1003.370.770

The computed 12-month bankruptcy probability of WELDER is 2.3% (moderate). The 2024 annual accounts show equity of €21k and a net result of €16k. Its solvency ranks better than 13% of 2437 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability75

Solvency31

Growth-

Track record67

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.76; short-term debt: 63% and cash: 8% of total assets), and 93.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

6.2%

Return on assets

4.7%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2437 sector peers (2024).

NBB · sector comparison

Position among 2437 sector peers

Solvency

better than 13%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

35 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€21k

Total assets

€343k

Net result

€16k

Working capital

€-53k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €343k

52.4%

47.6%

Fixed assets €179k

Current assets €163k

Equity and liabilities €343k

93.8%

Equity €21k

Debt €321k

Debt finances 93.8% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€49k

Cash flow

€40k

Solvency

6.2%

Current ratio

0.76

Quick ratio

0.74

Debt / equity

15.16

ROE

76.4%

ROA

4.7%

Interest coverage

6.55

Debt

€321k

Debt ≤ 1 year

€216k

Debt > 1 year

€105k

Income taxes

€3k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€343k

Fixed assets21/28€179k

Tangible fixed assets22/27€170k

Plant, machinery and equipment23€85k

Furniture and vehicles24€73k

Other tangible fixed assets26€12k

Financial fixed assets28€10k

Current assets29/58€163k

Stocks and contracts in progress3€4k

Stocks30/36€4k

Amounts receivable within one year40/41€99k

Trade receivables40€93k

Other amounts receivable41€6k

Cash at bank and in hand54/58€27k

Deferred charges and accrued income490/1€33k

Equity and liabilities

Total equity and liabilities10/49€343k

Equity10/15€21k

Contributions10/11€5k

Reserves13€15k

Distributable reserves133€15k

Profit (loss) carried forward14€1k

Amounts payable17/49€321k

Amounts payable after more than one year17€105k

Financial debts170/4€105k

Amounts payable within one year42/48€216k

Current portion of amounts payable after more than one year42€28k

Financial debts43€15k

Credit institutions430/8€15k

Trade debts44€123k

Suppliers440/4€123k

Other amounts payable47/48€50k

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k

Other operating charges640/8€2k

Gross operating margin9900€52k

Operating profit (loss)9901€26k

Financial income75/76B€502

Recurring financial income75€502

Financial charges65/66B€8k

Recurring financial charges65€8k

Profit (loss) for the period before taxes9903€19k

Income taxes67/77€3k

Profit (loss) for the period9904€16k

Profit (loss) for the period to be appropriated9905€16k

Appropriation of the result

Profit (loss) to be appropriated9906€16k

Transfer to equity691/2€15k

To other reserves6921€15k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 1Filings 1

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

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, Izegem · 1 establishment unit since 2023

establishment approximate The establishment unit on the map

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.

Zomerlandstraat 58870 Izegem

Ground area

6.4 ha

Building footprint

2.8 ha

Volume, LiDAR

505 m³

2 parcels, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

WELDER

Diksmuidesteenweg 17, 8830 HoogledeManufacture of metal structures and parts of structures

since 20232.353.077.963

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36014A0215/00M000	Flanders	6.3 ha	1 · 2.8 ha	-
36009A0404/00V002	Flanders	461 m²	1 · 63 m²	10.0 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 1,027 EUR awarded · 1,027 EUR paid

Year	Entries	awarded	paid
2025	1	491 EUR	491 EUR
2024	1	536 EUR	536 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,027 EUR · 1,027 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

2 live approvals

Lasser-monteerder (vwo)

Goedgekeurd · 2025 to 2030

Lasser-monteerder duaal (so)

Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Sint-Truiden · Eq €22k

Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,080 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-12-2023

Fiscal year end31-12

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

74112Other professional, scientific and technical activities

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.