Welders
ActiveWelders has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.57M and a net result of €173k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▲+16
Solvency53▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.04 in 2024), and 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
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
32.4%
Return on assets
1.6%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
4 d late
2023
29 d late
2022
39 d early
2021
26 d early
2020
46 d early
2018
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.57M▲ 4.1%
2024 · €3.43M
2018: €2.09M
2020: €2.40M
2021: €2.78M
2022: €3.06M
2023: €3.37M
2024: €3.43M
2018 → 2025
Total assets
€11.05M▲ 2.6%
2024 · €10.77M
2018: €6.36M
2020: €6.24M
2021: €7.25M
2022: €7.77M
2023: €9.38M
2024: €10.77M
2018 → 2025
Net result
€173k▲ 200%
2024 · €58k
2018: €-1.01M
2020: €303k
2021: €425k
2022: €631k
2023: €323k
2024: €58k
2018 → 2025
Working capital
€488k▲ 92.5%
2024 · €254k
2018: €-1.12M
2020: €-514k
2021: €-197k
2022: €22k
2023: €327k
2024: €254k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.78M-€3.06M▲ 9.9%€3.37M▲ 10.4%€3.43M▲ 1.7%€3.57M▲ 4.1%
Operating result€523k-€743k▲ 42.0%€540k▼ 27.3%€126k▼ 76.7%€367k▲ 192%
Net result€425k-€631k▲ 48.6%€323k▼ 48.8%€58k▼ 82.1%€173k▲ 200%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 192% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.05M
Fixed assets
€3.41M▼ 0.1%
Current assets
€7.64M▲ 3.8%
Equity and liabilities €11.05M
Equity
€3.57M▲ 4.1%
Debt
€7.47M▲ 1.8%
The debt ratio falls from 68.1% to 67.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€674k▲
2024 · €433k
Cash flow
€481k▲
2024 · €365k
Solvency
32.4%▲
2024 · 31.9%
Current ratio
1.07▲
2024 · 1.04
Quick ratio
0.46▲
2024 · 0.37
Debt / equity
2.09▼
2024 · 2.14
ROE
4.8%▲
2024 · 1.7%
ROA
1.6%▲
2024 · 0.5%
Interest coverage
4.01▲
2024 · 2.95
Debt
€7.47M▲
2024 · €7.34M
Debt ≤ 1 year
€7.15M▲
2024 · €7.10M
Debt > 1 year
€303k▲
2024 · €233k
Income taxes
€90k▲
2024 · €56k
Staff costs
€2.14M▲
2024 · €2.04M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.77M€11.05M▲
Fixed assets21/28€3.41M€3.41M▼
Intangible fixed assets21€37k€110k▲
Tangible fixed assets22/27€3.37M€3.30M▼
Land and buildings22€2.65M€2.62M▼
Plant, machinery and equipment23€701k€671k▼
Furniture and vehicles24€20k€12k▼
Financial fixed assets28€222€222=
Current assets29/58€7.36M€7.64M▲
Stocks and contracts in progress3€4.72M€4.38M▼
Stocks30/36€856k€775k▼
Contracts in progress37€3.87M€3.61M▼
Amounts receivable within one year40/41€2.04M€2.81M▲
Trade receivables40€1.78M€2.55M▲
Other amounts receivable41€264k€261k▼
Cash at bank and in hand54/58€536k€385k▼
Deferred charges and accrued income490/1€54k€58k▲
Equity and liabilities
Total equity and liabilities10/49€10.77M€11.05M▲
Equity10/15€3.43M€3.57M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€2.42M€2.36M▼
Reserves13€366k€422k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€248k€248k=
Distributable reserves133€112k€167k▲
Profit (loss) carried forward14€585k€727k▲
Amounts payable17/49€7.34M€7.47M▲
Amounts payable after more than one year17€233k€303k▲
Financial debts170/4€233k€303k▲
Amounts payable within one year42/48€7.10M€7.15M▲
Current portion of amounts payable after more than one year42€141k€149k▲
Financial debts43€1.37M€1.62M▲
Credit institutions430/8€1.37M€1.50M▲
Other loans439-€123k
Trade debts44€1.08M€1.51M▲
Suppliers440/4€1.08M€1.51M▲
Advances received on contracts in progress46€4.18M€3.57M▼
Taxes, remuneration and social security45€336k€268k▼
Taxes450/3€67k€15k▼
Remuneration and social security454/9€269k€253k▼
Other amounts payable47/48€0€31k▲
Accrued charges and deferred income492/3€0€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.04M€2.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€307k€308k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€87k
Other operating charges640/8€51k€49k▼
Non-recurring operating charges66A€23k€7k▼
Gross operating margin9900€2.54M€2.96M▲
Operating profit (loss)9901€126k€367k▲
Financial income75/76B€135k€64k▼
Recurring financial income75€7k€56k▲
Non-recurring financial income76B€128k€8k▼
Financial charges65/66B€147k€168k▲
Recurring financial charges65€147k€168k▲
Profit (loss) for the period before taxes9903€114k€263k▲
Income taxes67/77€56k€90k▲
Profit (loss) for the period9904€58k€173k▲
Profit (loss) for the period to be appropriated9905€58k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€585k€758k▲
Profit (loss) brought forward from the previous period14P€528k€585k▲
Profit to be distributed694/7€0€31k▲
Employees696-€31k
Other beneficiaries697€0-
Social balance
Average headcount (FTE)908732.833.1▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Board meeting6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Board meeting6 facts ▸
- General meeting, 05/12/2025
- Director reappointment, Paul Van Vooren (bestuurder)
- Director reappointment, Dirk Verwilst (bestuurder)
- Board meeting, 05/12/2025
- Director reappointment, Paul Van Vooren (gedelegeerd bestuurder)
- Director reappointment, Dirk Verwilst (gedelegeerd bestuurder)
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2018net €631k ▲48.6%
Operating result €743k, net result €631k, both a record.
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €303k
Net result €303k after one loss-making year.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
VAN VOOREN Paul
CurrentDirector · since 05-12-2025
VERWILST Dirk
CurrentManaging director · since 05-12-2025
05-12-2025
VAN VOOREN Paul: Mandate renewed as Director
05-12-2025
VAN VOOREN Paul: Mandate renewed as Managing director
05-12-2025
VERWILST Dirk: Mandate renewed as Managing director
05-12-2025
VERWILST Dirk: Mandate renewed as Director
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1948
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.
Wijngaardveld 59300 AalstGround area
1.6 ha
Building footprint
844 m²
Volume, LiDAR
3,216 m³
Parcel 41303D0100/00D000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Wijngaardveld 5, 9300 Aalst
since 19482.011.506.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0100/00D000 | Flanders | 1.6 ha | 1 · 844 m² | 4.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 16,360 EUR awarded · 21,369 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 7,369 EUR | 5,909 EUR |
| 2024 | 1 | 5,661 EUR | 5,468 EUR |
| 2023 | 3 | 2,288 EUR | 9,244 EUR |
| 2022 | 2 | 1,042 EUR | 748 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Subsidies voor internationaal ondernemen
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 11 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Pijpfitter-fabriceur (vwo)
Pijpfitter-fabriceur duaal (so)
Similar companies · same sector, comparable size
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SOVAPLASTICS
BE 0426.612.631
Tielt · Eq €3.71M
PIPELIFE BELGIUM
BE 0403.848.513
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FREMACH IZEGEM
BE 0431.601.203
Izegem · Eq €3.81M
Of 361 companies in sector 25210 we hold annual accounts for 278. 163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-05-1948
Fiscal year end30-06
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
25300Manufacture of fabricated metal products, except machinery and equipment
28210
28300
25220Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.