WELEK SERVICE
ActiveWELEK SERVICE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €665k and a net result of €144k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 7427 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
89
/ 100
Excellent▲ +20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+20
Solvency74▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.82 in 2023), and 51.6% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.4%
Return on assets
10.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
30 d late
2022
49 d early
2021
61 d early
2020
86 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€665k▲ 20.7%
2023 · €551k
2018: €197k
2019: €233k
2020: €328k
2021: €431k
2022: €511k
2023: €551k
2018 → 2024
Total assets
€1.37M▲ 7.9%
2023 · €1.27M
2018: €579k
2019: €811k
2020: €896k
2021: €1.03M
2022: €1.10M
2023: €1.27M
2018 → 2024
Net result
€144k▲ 62.7%
2023 · €89k
2018: €30k
2019: €36k
2020: €95k
2021: €102k
2022: €80k
2023: €89k
2018 → 2024
Working capital
€47k
2023 · €-87k
2018: €-85k
2019: €-109k
2020: €-42k
2021: €-61k
2022: €24k
2023: €-87k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€328k-€431k▲ 31.2%€511k▲ 18.6%€551k▲ 7.9%€665k▲ 20.7%
Operating result€141k-€150k▲ 6.4%€123k▼ 17.9%€141k▲ 14.8%€233k▲ 64.7%
Net result€95k-€102k▲ 7.8%€80k▼ 22.0%€89k▲ 10.9%€144k▲ 62.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 65% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€819k▼ 5.8%
Current assets
€555k▲ 37.5%
Equity and liabilities €1.37M
Equity
€665k▲ 20.7%
Debt
€709k▼ 1.9%
The debt ratio falls from 56.7% to 51.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€285k▲
2023 · €206k
Cash flow
€197k▲
2023 · €154k
Solvency
48.4%▲
2023 · 43.3%
Current ratio
1.09▲
2023 · 0.82
Quick ratio
1.01▲
2023 · 0.77
Debt / equity
1.07▼
2023 · 1.31
ROE
21.7%▲
2023 · 16.1%
ROA
10.5%▲
2023 · 7.0%
Interest coverage
10.01▼
2023 · 11.12
Debt
€709k▼
2023 · €722k
Debt ≤ 1 year
€507k▲
2023 · €491k
Debt > 1 year
€201k▼
2023 · €231k
Income taxes
€62k▲
2023 · €35k
Staff costs
€207k▲
2023 · €152k
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€1.27M€1.37M▲
Fixed assets21/28€870k€819k▼
Tangible fixed assets22/27€867k€817k▼
Land and buildings22€814k€778k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€53k€39k▼
Other tangible fixed assets26€672€351▼
Financial fixed assets28€3k€3k=
Current assets29/58€403k€555k▲
Stocks and contracts in progress3€26k€40k▲
Stocks30/36€26k€37k▲
Contracts in progress37€0€3k▲
Amounts receivable within one year40/41€89k€54k▼
Trade receivables40€89k€54k▼
Other amounts receivable41€23€371▲
Cash at bank and in hand54/58€273k€441k▲
Deferred charges and accrued income490/1€15k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.37M▲
Equity10/15€551k€665k▲
Contributions10/11€119k€119k=
Reserves13€433k€547k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€433k€547k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€722k€709k▼
Amounts payable after more than one year17€231k€201k▼
Financial debts170/4€231k€201k▼
Amounts payable within one year42/48€491k€507k▲
Current portion of amounts payable after more than one year42€29k€31k▲
Trade debts44€103k€71k▼
Suppliers440/4€103k€71k▼
Taxes, remuneration and social security45€53k€63k▲
Taxes450/3€33k€47k▲
Remuneration and social security454/9€20k€16k▼
Other amounts payable47/48€306k€342k▲
Income statement
Code20232024
Remuneration, social security and pensions62€152k€207k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€53k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€362k€497k▲
Operating profit (loss)9901€141k€233k▲
Financial income75/76B€629€2k▲
Recurring financial income75€629€2k▲
Financial charges65/66B€19k€28k▲
Recurring financial charges65€19k€28k▲
Profit (loss) for the period before taxes9903€123k€206k▲
Income taxes67/77€35k€62k▲
Profit (loss) for the period9904€89k€144k▲
Profit (loss) for the period to be appropriated9905€89k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€144k▲
Transfer from equity791/2€48k€30k▼
Transfer to equity691/2€89k€144k▲
To other reserves6921€89k€144k▲
Profit to be distributed694/7€48k€30k▼
Return on contributions (dividend)694€48k€30k▼
Social balance
Average headcount (FTE)90872.43.4▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €144k ▲62.7%
Operating result €233k, net result €144k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €511k ▲18.6%
5 profitable years in a row build equity to €511k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Equity above €200kEq €233k ▲18.4%
2 profitable years in a row build equity to €233k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Essen · 1 establishment unit since 2010
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.
Postbaan 72 A2910 EssenGround area
5.7 ha
Parcel 11016B0139/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
WELEK SERVICE
since 20102.184.487.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0139/00A000 | Flanders | 5.7 ha | - | - |
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
2023 to 2025 · 2 entries · 155 EUR awarded · 155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 75 EUR | 75 EUR |
| 2023 | 1 | 80 EUR | 80 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteEssen2.184.487.609
Dual-learning approval
1 live approvalKoelinstallaties duaal (so)
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 5,735 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
26110Manufacture of computer, electronic and optical products
33140Repair and maintenance of electrical equipment
43240Other construction installation
43299Specialised construction activities
46643Wholesale of electrical equipment, including installation materials
47552Retail sale of lighting equipment
47592Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.