Equity
WELDRR paid out €50,000 in dividends. That is 80% of the 2025 profit.
In July 2024, 6,780 companies had the same profile as WELDRR has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,780 companies, not a prediction for WELDRR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| WELDRR Evergem | €454,828 | €93,807 | 45.3% | - |
| DEDEYNE MICHAEL Oostkamp | €450,419 | €85,073 | 19.4% | - |
| Fait en Fer Roeselare | €411,355 | €87,968 | 61.7% | - |
| Draadvonklab Dessel | €479,888 | €72,994 | 4.1% | - |
| Van Herreweghe Construct Wetteren | €391,840 | €59,132 | 91.5% | - |
| DB Diving Geraardsbergen | €603,823 | €61,379 | 73.7% | - |
| REGAFLEX Zottegem | €763,387 | €104,278 | 38.6% | - |
These companies have the same main activity as WELDRR: machining of metals (NACE 25530). They are comparable in size and age: total assets between €392,000 and €763,000, founded between 2017 and 2019.
WELDRR files the abbreviated format. That format states no turnover. The gross margin fell from €110,448 in 2019 to €93,807 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €160,000 and €500,000.
Higher than 49% of 1,459 companies in 2025.
Higher than 19% of 1,444 companies in 2025.
Higher than 81% of 1,458 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
454,828 | 544,221 | 616,685 | 440,116 | 476,370 | 385,515 | 226,256 | |
21/28 |
245,408 | 273,623 | 97,053 | 84,229 | 106,143 | 118,230 | 58,978 | |
22/27 |
29,808 | 52,398 | 91,428 | 78,604 | 92,718 | 115,456 | 58,678 | |
23 |
6,036 | 17,829 | 47,181 | 49,881 | 59,854 | 70,223 | - | |
24 |
23,772 | 34,570 | 44,247 | 28,724 | 32,864 | 45,233 | 58,678 | |
28 |
215,600 | 221,225 | 5,625 | 5,625 | 13,425 | 2,775 | 300 | |
29/58 |
209,420 | 270,598 | 519,632 | 355,887 | 370,227 | 267,284 | 167,279 | |
40/41 |
161,742 | 187,688 | 329,855 | 214,057 | 334,357 | 253,032 | 150,834 | |
40 |
127,118 | 143,509 | 267,022 | 214,039 | 316,743 | 244,574 | 147,535 | |
41 |
34,624 | 44,179 | 62,834 | 18 | 17,614 | 8,458 | 3,299 | |
54/58 |
45,580 | 79,335 | 185,085 | 137,840 | 34,510 | 12,985 | 14,808 | |
490/1 |
2,098 | 3,574 | 4,691 | 3,990 | 1,359 | 1,267 | 1,637 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
454,828 | 544,221 | 616,685 | 440,116 | 476,370 | 385,515 | 226,256 | |
10/15 |
205,811 | 192,964 | 308,460 | 274,817 | 162,263 | 70,027 | 53,405 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
189,860 | 239,860 | 289,860 | 256,217 | 156,063 | - | - | |
133 |
189,860 | 239,860 | 289,860 | 256,217 | 156,063 | - | - | |
14 |
-2,649 | -65,495 | - | - | - | 63,827 | 47,205 | |
17/49 |
249,017 | 351,257 | 308,226 | 165,299 | 314,107 | 315,487 | 172,851 | |
17 |
41,010 | 54,635 | 12,395 | 24,589 | 47,835 | 71,458 | 34,725 | |
170/4 |
41,010 | 54,635 | 12,395 | 24,589 | 47,835 | 71,458 | 34,725 | |
42/48 |
203,954 | 293,262 | 284,569 | 140,587 | 265,863 | 243,444 | 138,005 | |
42 |
13,625 | 37,438 | 42,070 | 23,144 | 23,623 | 23,268 | 11,494 | |
44 |
3,219 | 91,064 | 219,016 | 55,809 | 175,994 | 75,933 | 61,456 | |
440/4 |
3,219 | 91,064 | 219,016 | 55,809 | 175,994 | 75,933 | 61,456 | |
45 |
2,292 | 371 | 23,483 | 59,473 | 50,843 | 50,639 | 35,710 | |
450/3 |
2,292 | 248 | 23,241 | 59,244 | 50,369 | 43,607 | 35,093 | |
454/9 |
- | 123 | 242 | 228 | 475 | 7,032 | 617 | |
47/48 |
184,818 | 164,389 | - | 2,162 | 15,403 | 93,604 | 29,345 | |
492/3 |
4,053 | 3,360 | 11,262 | 123 | 409 | 586 | 121 | |
| Income statement | ||||||||
9900 |
93,807 | 68,322 | 171,802 | 269,917 | 159,590 | 143,991 | 110,448 | |
62 |
- | 6,198 | 9,187 | 28,347 | 3,144 | 1,400 | 4,189 | |
630 |
20,737 | 40,812 | 44,905 | 38,736 | 34,789 | 15,765 | 13,572 | |
631/4 |
-78,162 | 78,162 | - | - | - | - | - | |
640/8 |
80,594 | 3,414 | 7,183 | 2,184 | 120 | 348 | 530 | |
9901 |
70,638 | -60,263 | 110,526 | 200,651 | 121,538 | 126,479 | 92,157 | |
75/76B |
1,435 | 21 | 0 | 120 | 10 | 110 | 405 | |
75 |
165 | 21 | 0 | 120 | 10 | 110 | 405 | |
76B |
1,270 | - | - | - | - | - | - | |
65/66B |
8,323 | 4,752 | 2,657 | 2,175 | 2,659 | 1,395 | 625 | |
65 |
8,323 | 4,752 | 2,657 | 2,175 | 2,659 | 1,395 | 625 | |
9903 |
63,750 | -64,995 | 107,869 | 198,595 | 118,889 | 125,194 | 91,937 | |
67/77 |
904 | 501 | 29,026 | 53,241 | 26,653 | 23,572 | 19,732 | |
9904 |
62,846 | -65,495 | 78,843 | 145,354 | 92,235 | 101,622 | 72,205 | |
9905 |
62,846 | -65,495 | 78,843 | 145,354 | 92,235 | 101,622 | 72,205 | |
| Appropriation of the result | ||||||||
9906 |
-2,649 | -65,495 | 78,843 | 145,354 | 156,063 | 148,827 | 72,205 | |
14P |
-65,495 | - | - | - | 63,827 | - | - | |
791/2 |
50,000 | 50,000 | 45,200 | 45,200 | - | - | - | |
691/2 |
- | - | 78,843 | 145,354 | 156,063 | - | - | |
6921 |
- | - | 78,843 | 145,354 | 156,063 | - | - | |
694/7 |
50,000 | 50,000 | 45,200 | 45,200 | - | 85,000 | 25,000 | |
694 |
50,000 | 50,000 | 45,200 | 45,200 | - | 85,000 | 25,000 | |
| Social balance sheet | ||||||||
9087 |
- | 0.1 | 0.1 | 0.6 | - | - | - | |
Hours worked1013 |
- | 192 | 176 | 1,132 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-08-2026.
2025 annual accounts filed 7 days after the deadline. Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387244.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-08-2026 | 2026-00387244 | |
| 31-12-2024 | abbreviated format | 22-09-2025 | 2025-00496970 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00225353 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00237391 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20154992 | |
| 31-12-2020 | micro format | 20-09-2021 | 2021-67700592 | |
| 31-12-2019 | micro format | 02-09-2020 | 2020-50400266 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 91,376 | -19,451 | 155,431 | 239,387 | 156,326 | 142,244 | 105,729 | ||
| 83,583 | -24,683 | 123,748 | 184,090 | 127,024 | 117,387 | 85,777 | ||
| -7,478 | 217,382 | 57,728 | 24,622 | 22,701 | 75,018 | 72,550 | ||
| -33,755 | -105,750 | 47,246 | 103,329 | 21,525 | -1,822 | - | ||
| 5,466 | -22,664 | 235,063 | 215,299 | 104,364 | 23,840 | 29,274 | ||
| 45.3% | 35.5% | 50.0% | 62.4% | 34.1% | 18.2% | 23.6% | ||
| 1.03 | 0.92 | 1.83 | 2.53 | 1.39 | 1.10 | 1.21 | ||
| 1.21 | 1.82 | 1.00 | 0.60 | 1.94 | 4.51 | 3.24 | ||
| 30.5% | -33.9% | 25.6% | 52.9% | 56.8% | 145.1% | 135.2% | ||
| 13.8% | -12.0% | 12.8% | 33.0% | 19.4% | 26.4% | 31.9% | ||
| 10.98 | -4.09 | 58.49 | over 100 | 58.79 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 |
| part-time | - | 1 | 1 |
| in full-time equivalents | - | 0.1 | 0.1 |
| 0.1 | 0.1 | 0.6 | |
| On a permanent contract | - | - | 1 |
| Joined | 0 | - | 1 |
| Left | 1 | - | 2 |
Source: social balance sheet in the 2022 to 2024 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,782 | €57,728 | €24,622 | €12,051 |
| Financial fixed assets | - | €215,600 | - | - | €10,650 |
| €20,737 | €40,812 | €44,905 | €38,736 | €34,789 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €70,638, after a loss of €60,263 in 2024.
Debt's share of the balance-sheet total falls from 64.5% to 54.7%. Equity is higher and debt is lower.
WELDRR has no parent and no holdings in its annual accounts.
| TRANSPORT L'ECLUSE
establishment since 29-08-2023 · founded in 2009 |
36 FTE (2025) 0810.416.984 |
| Genbrugge-Roegiers
registered office since 06-05-2019 · founded in 2019 |
6.1 FTE (2025) 0726.455.269 |
| Yo's Place
establishment since 23-08-2024 · founded in 2022 · negative equity (2025) |
3 FTE (2025) 0784.448.601 |
| MICHEL
registered office since 01-01-2017 · founded in 2016 · accounts filed late |
total assets €379,612 (2024) 0667.834.112 |
| I & C PARKET
registered office since 23-11-2000 · founded in 2000 |
total assets €55,873 (2025) 0473.179.163 |
| Gültas Group
registered office since 28-11-2023 |
founded in 2023 1002.749.574 |
| Syba
registered office since 21-08-2023 |
founded in 2023 0804.923.618 |
| De Sy, Karel (sole trader)
establishment since 01-07-2014 |
founded in 2014 0553.962.149 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 27 February 2019, WELDRR was incorporated by two natural persons, with a starting capital of €18,600.12 The registered office moved to Overmere in 2021 and to Evergem in 2022.34 Total assets went from €226,256 in 2019 to €454,828 in 2025 and headcount from 0.6 full-time equivalents in 2022 to 0.1 in 2024.5
| Establishment | Since | Unit number |
|---|---|---|
| Finlandstraat 4 registered office 9940 Evergem 25110 Manufacture of metal structures and parts of structures | 27-02-2019 | 2.286.185.179 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44019B0719/00D000 | 1.8 ha | 1 · 8,024 m² | 0.1 m |
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