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Welding Team

Active
Private limited companyfounded 20215 yrs activeAlfons Van de Maelestraat 77, 9320 Aalst, BelgiumKBO/BCE: BE 0768.977.594
Summary

The computed 12-month bankruptcy probability of Welding Team is 1.8% (moderate). The 2025 annual accounts show equity of €13,105 and a net result of €9,198. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 46% of 1918 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+62
Solvency66▼-12
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 2.12 in 2024; short-term debt: 58.6% and cash: 70.8% of total assets), but 58.6% 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
41.4%
Return on assets
29.1%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
1 d early
2024
22 d early
2023
35 d late
2022
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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 20 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 1 June 2021, Welding Team was incorporated as a Private limited company.1 Total assets went from EUR 29,638 in 2022 to EUR 31,618 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€13,105▼ 10.4%
2024 · €14,625
Total assets
€31,618▲ 14.1%
2024 · €27,720
Net result
€9,198▲ 34,888%
2024 · €26
Working capital
€13,105▼ 10.4%
2024 · €14,625
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€15,925-€2,886▼ 81.9%€920▼ 68.1%€11,985▲ 1,203%
Net result€10,720within the sector's middle half-€879within the sector's middle half▼ 91.8%€26below the sector's middle half▼ 97.0%€9,198within the sector's middle half▲ 34,888%
Equity€13,720below the sector's middle half-€14,599below the sector's middle half▲ 6.4%€14,625below the sector's middle half▲ 0.2%€13,105below the sector's middle half▼ 10.4%
Total assets€29,638below the sector's middle half-€29,139below the sector's middle half▼ 1.7%€27,720below the sector's middle half▼ 4.9%€31,618below the sector's middle half▲ 14.1%
Debt€15,918-€14,541▼ 8.7%€13,095▼ 9.9%€18,513▲ 41.4%
Working capital€13,720within the sector's middle half-€14,599within the sector's middle half▲ 6.4%€14,625within the sector's middle half▲ 0.2%€13,105within the sector's middle half▼ 10.4%
Solvency46.3%within the sector's middle half-50.1%within the sector's middle half▲ 3.8pp52.8%within the sector's middle half▲ 2.7pp41.4%within the sector's middle half▼ 11.3pp
Current ratio1.86within the sector's middle half-2.00within the sector's middle half▲ 0.142.12within the sector's middle half▲ 0.111.71within the sector's middle half▼ 0.41
Return on assets (ROA)36.2%above the sector's middle half-3.0%within the sector's middle half▼ 33.2pp0.1%below the sector's middle half▼ 2.9pp29.1%above the sector's middle half▲ 29.0pp
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2022: €15,925€15,925Net result 2022: €10,720€10,720Operating result 2023: €2,886€2,886Net result 2023: €879€879Operating result 2024: €920€920Net result 2024: €26€26Operating result 2025: €11,985€11,985Net result 2025: €9,198€9,1982022202320242025€0€5,000€10,000Operating result 2023: €2,886€2,890Net result 2023: €879€879Operating result 2024: €920€920Net result 2024: €26€26Operating result 2025: €11,985€12,000Net result 2025: €9,198€9,200202320242025
The operating result recovers in 2025; 2025 is 1,203% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31,618
Equity €13,105 ▼ 10.4%
Debt €18,513 ▲ 41.4%
Debt's share of the balance-sheet total rises from 47.2% to 58.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.41▲
2024 · 0.90
ROE
70.2%▲
2024 · 0.2%
Debt ≤ 1 year
€18,513▲
2024 · €13,095
Income taxes
€2,688▲
2024 · €792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€27,720€31,618▲
Current assets29/58€27,720€31,618▲
Amounts receivable within one year40/41€5,034€4,720▼
Trade receivables40€5,034€4,308▼
Other amounts receivable41-€412
Cash at bank and in hand54/58€16,703€22,376▲
Deferred charges and accrued income490/1€5,983€4,523▼
Equity and liabilities
Total equity and liabilities10/49€27,720€31,618▲
Equity10/15€14,625€13,105▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€11,625€10,105▼
Amounts payable17/49€13,095€18,513▲
Amounts payable within one year42/48€13,095€18,513▲
Trade debts44€6,108€3,017▼
Suppliers440/4€6,108€3,017▼
Taxes, remuneration and social security45€6,776€4,778▼
Taxes450/3€6,776€4,778▼
Other amounts payable47/48€211€10,719▲
Income statement Code20242025
Other operating charges640/8€787€328▼
Gross operating margin9900€1,708€12,313▲
Operating profit (loss)9901€920€11,985▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€102€100▼
Recurring financial charges65€102€100▼
Profit (loss) for the period before taxes9903€818€11,887▲
Income taxes67/77€792€2,688▲
Profit (loss) for the period9904€26€9,198▲
Profit (loss) for the period to be appropriated9905€26€9,198▲
Appropriation of the result
Profit (loss) to be appropriated9906€11,625€20,824▲
Profit (loss) brought forward from the previous period14P€11,599€11,625▲
Profit to be distributed694/7-€10,719
Return on contributions (dividend)694-€10,719

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€446€681€787€328▼ 58.3%
Gross operating margin9900€16,371€3,567€1,708€12,313▲ 621%
Operating profit (loss)9901€15,925€2,886€920€11,985▲ 1,203%
Financial income75/76B--€0€2▲ 328%
Recurring financial income75--€0€2▲ 328%
Financial charges65/66B€69€97€102€100▼ 2.2%
Recurring financial charges65€69€97€102€100▼ 2.2%
Profit (loss) for the period before taxes9903€15,856€2,789€818€11,887▲ 1,353%
Income taxes67/77€5,136€1,910€792€2,688▲ 239%
Profit (loss) for the period9904€10,720€879€26€9,198▲ 34,888%
Profit (loss) for the period to be appropriated9905€10,720€879€26€9,198▲ 34,888%
Line2022202320242025Change
Assets
Total assets20/58€29,638€29,139€27,720€31,618▲ 14.1%
Current assets29/58€29,638€29,139€27,720€31,618▲ 14.1%
Amounts receivable within one year40/41€4,085€2,808€5,034€4,720▼ 6.2%
Trade receivables40€4,085€2,808€5,034€4,308▼ 14.4%
Other amounts receivable41---€412-
Cash at bank and in hand54/58€25,553€26,331€16,703€22,376▲ 34.0%
Deferred charges and accrued income490/1--€5,983€4,523▼ 24.4%
Equity and liabilities
Total equity and liabilities10/49€29,638€29,139€27,720€31,618▲ 14.1%
Equity10/15€13,720€14,599€14,625€13,105▼ 10.4%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€10,720€11,599€11,625€10,105▼ 13.1%
Amounts payable17/49€15,918€14,541€13,095€18,513▲ 41.4%
Amounts payable within one year42/48€15,918€14,541€13,095€18,513▲ 41.4%
Trade debts44€4,530€1,438€6,108€3,017▼ 50.6%
Suppliers440/4€4,530€1,438€6,108€3,017▼ 50.6%
Taxes, remuneration and social security45€11,388€13,103€6,776€4,778▼ 29.5%
Taxes450/3€11,388€13,103€6,776€4,778▼ 29.5%
Other amounts payable47/48--€211€10,719▲ 4,985%
Line2022202320242025Change
Profit (loss) for the period9904€10,720€879€26€9,198▲ 34,888%
Operating cash flow (approximation)€10,720€879€26€9,198▲ 34,888%
Change in cash-€779-€9,628€5,673▲ 159%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €26 ▼97%
Net result drops to €26, the lowest in the series; recovery starts the following year.
04-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Aalst · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
381 m²
Building footprint
76 m²
Volume, LiDAR
597 m³
Parcel 41342B0182/00K000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Alfons Van de Maelestraat 77, 9320 Aalst
Manufacture of metal structures and parts of structures
since 20212.317.988.709
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41342B0182/00K000 Flanders 381 m² 1 · 76 m² 10.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 878 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
42219Civil engineering
43990Other specialised construction activities
53200Other postal and courier activities
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0768977594
Also 9925:BE0768977594
Registered 06-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.