Welektro
ActiveSummary
Welektro has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275k and a net result of €12k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-12
Solvency55▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.32 in 2024; short-term debt: 14.5% and cash: 5.3% of total assets), and 70.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
29.8%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
27 d late
2024
158 d late
2023
40 d late
2022
24 d late
2021
136 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€275k▲ 4.5%
2024 · €263k
2018: €9klowest in 8 years
2019: €12k▲ +23.8% vs 2018
2020: €22k▲ +86.4% vs 2019
2021: €105k▲ +381% vs 2020
2022: €160k▲ +52.4% vs 2021
2023: €228k▲ +42.8% vs 2022
2024: €263k▲ +15.3% vs 2023
2025: €275k▲ +4.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€921k▼ 6.3%
2024 · €982k
2018: €22klowest in 8 years
2019: €27k▲ +23.9% vs 2018
2020: €58k▲ +117% vs 2019
2021: €616k▲ +965% vs 2020
2022: €611k▼ -0.8% vs 2021
2023: €681k▲ +11.3% vs 2022
2024: €982k▲ +44.4% vs 2023highest in 8 years
2025: €921k▼ -6.3% vs 2024
2018 → 2025
Net result
€12k▼ 65.8%
2024 · €35k
2018: €3k
2019: €2k▼ -30.7% vs 2018lowest in 8 years
2020: €10k▲ +349% vs 2019
2021: €83k▲ +722% vs 2020highest in 8 years
2022: €55k▼ -33.9% vs 2021
2023: €68k▲ +24.4% vs 2022
2024: €35k▼ -49.1% vs 2023
2025: €12k▼ -65.8% vs 2024
2018 → 2025
Working capital
€57k=
2024 · €57k
2018: €9klowest in 8 years
2019: €11k▲ +27.4% vs 2018
2020: €14k▲ +30.7% vs 2019
2021: €77k▲ +440% vs 2020highest in 8 years
2022: €47k▼ -39.4% vs 2021
2023: €64k▲ +37.5% vs 2022
2024: €57k▼ -11.8% vs 2023
2025: €57k● +0.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€160k▲ 52.4%€228k▲ 42.8%€263k▲ 15.3%€275k▲ 4.5%
2021: €105klowest in 5 years
2022: €160k▲ +52.4% vs 2021
2023: €228k▲ +42.8% vs 2022
2024: €263k▲ +15.3% vs 2023
2025: €275k▲ +4.5% vs 2024highest in 5 years
Operating result€89k-€75k▼ 15.3%€90k▲ 19.1%€54k▼ 39.3%€30k▼ 44.5%
2021: €89k
2022: €75k▼ -15.3% vs 2021
2023: €90k▲ +19.1% vs 2022highest in 5 years
2024: €54k▼ -39.3% vs 2023
2025: €30k▼ -44.5% vs 2024lowest in 5 years
Net result€83k-€55k▼ 33.9%€68k▲ 24.4%€35k▼ 49.1%€12k▼ 65.8%
2021: €83khighest in 5 years
2022: €55k▼ -33.9% vs 2021
2023: €68k▲ +24.4% vs 2022
2024: €35k▼ -49.1% vs 2023
2025: €12k▼ -65.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €921k
Fixed assets
€731k ▼ 2.4%
Current assets
€190k ▼ 18.7%
Equity and liabilities €921k
Equity
€275k ▲ 4.5%
Debt
€646k ▼ 10.2%
Debt's share of the balance-sheet total falls from 73.3% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▼
2024 · €95k
Cash flow
€63k▼
2024 · €75k
Current ratio
1.42▲
2024 · 1.32
Quick ratio
1.33▲
2024 · 1.25
Debt to equity
2.35▼
2024 · 2.74
ROE
4.3%▼
2024 · 13.2%
ROA
1.3%▼
2024 · 3.5%
Interest coverage
4.13▼
2024 · 5.31
Debt ≤ 1 year
€133k▼
2024 · €177k
Debt > 1 year
€513k▼
2024 · €542k
Income taxes
€5k▲
2024 · €4k
Staff costs
€92k▲
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€982k€921k▼
Fixed assets21/28€749k€731k▼
Intangible fixed assets21€275€175▼
Tangible fixed assets22/27€748k€730k▼
Land and buildings22€589k€554k▼
Plant, machinery and equipment23€17k€18k▲
Furniture and vehicles24€9k€15k▲
Other tangible fixed assets26€2k€548▼
Assets under construction and advance payments27€131k€143k▲
Current assets29/58€234k€190k▼
Stocks and contracts in progress3€12k€12k=
Stocks30/36€12k€12k=
Amounts receivable within one year40/41€143k€124k▼
Trade receivables40€110k€90k▼
Other amounts receivable41€34k€34k▲
Cash at bank and in hand54/58€79k€49k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€982k€921k▼
Equity10/15€263k€275k▲
Contributions10/11€6k€6k=
Reserves13€256k€268k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€255k€267k▲
Amounts payable17/49€720k€646k▼
Amounts payable after more than one year17€542k€513k▼
Financial debts170/4€542k€513k▼
Amounts payable within one year42/48€177k€133k▼
Current portion of amounts payable after more than one year42€33k€30k▼
Financial debts43€28k€28k=
Credit institutions430/8€28k€28k=
Trade debts44€53k€39k▼
Suppliers440/4€53k€39k▼
Taxes, remuneration and social security45€45k€27k▼
Taxes450/3€32k€13k▼
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€17k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€72k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€51k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€875€3k▲
Gross operating margin9900€173k€176k▲
Operating profit (loss)9901€54k€30k▼
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€39k€17k▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€35k€12k▼
Profit (loss) for the period to be appropriated9905€35k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€12k▼
Transfer to equity691/2€35k€12k▼
To other reserves6921€35k€12k▼
Social balance
Average headcount (FTE)90871.72.1▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7k | €44k | €50k | €72k | €92k | ▲ 27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €28k | €32k | €40k | €51k | ▲ 26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | €5k | - | - |
| Other operating charges640/8 | €4k | €3k | €5k | €875 | €3k | ▲ 207% |
| Non-recurring operating charges66A | - | - | €445 | - | - | - |
| Gross operating margin9900 | €108k | €150k | €185k | €173k | €176k | ▲ 1.8% |
| Operating profit (loss)9901 | €89k | €75k | €90k | €54k | €30k | ▼ 44.5% |
| Financial income75/76B | €682 | €4k | €11k | €2k | €7k | ▲ 215% |
| Recurring financial income75 | €682 | €4k | €11k | €2k | €7k | ▲ 215% |
| Financial charges65/66B | €5k | €6k | €7k | €18k | €20k | ▲ 10.0% |
| Recurring financial charges65 | €5k | €6k | €7k | €18k | €20k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €84k | €73k | €94k | €39k | €17k | ▼ 55.5% |
| Income taxes67/77 | €1k | €18k | €25k | €4k | €5k | ▲ 36.9% |
| Profit (loss) for the period9904 | €83k | €55k | €68k | €35k | €12k | ▼ 65.8% |
| Profit (loss) for the period to be appropriated9905 | €83k | €55k | €68k | €35k | €12k | ▼ 65.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €616k | €611k | €681k | €982k | €921k | ▼ 6.3% |
| Fixed assets21/28 | €355k | €363k | €397k | €749k | €731k | ▼ 2.4% |
| Intangible fixed assets21 | €575 | €475 | €375 | €275 | €175 | ▼ 36.4% |
| Tangible fixed assets22/27 | €354k | €363k | €396k | €748k | €730k | ▼ 2.4% |
| Land and buildings22 | €341k | €331k | €309k | €589k | €554k | ▼ 5.9% |
| Plant, machinery and equipment23 | €13k | €19k | €25k | €17k | €18k | ▲ 10.1% |
| Furniture and vehicles24 | - | €1k | €7k | €9k | €15k | ▲ 60.1% |
| Other tangible fixed assets26 | - | €6k | €4k | €2k | €548 | ▼ 75.6% |
| Assets under construction and advance payments27 | - | €6k | €52k | €131k | €143k | ▲ 8.9% |
| Current assets29/58 | €261k | €248k | €284k | €234k | €190k | ▼ 18.7% |
| Stocks and contracts in progress3 | €32k | €12k | €12k | €12k | €12k | = |
| Stocks30/36 | €12k | €12k | €12k | €12k | €12k | = |
| Contracts in progress37 | €20k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €136k | €165k | €251k | €143k | €124k | ▼ 13.2% |
| Trade receivables40 | €81k | €142k | €221k | €110k | €90k | ▼ 17.8% |
| Other amounts receivable41 | €55k | €23k | €31k | €34k | €34k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €94k | €71k | €20k | €79k | €49k | ▼ 38.0% |
| Deferred charges and accrued income490/1 | - | €516 | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €616k | €611k | €681k | €982k | €921k | ▼ 6.3% |
| Equity10/15 | €105k | €160k | €228k | €263k | €275k | ▲ 4.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €99k | €153k | €222k | €256k | €268k | ▲ 4.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €97k | €152k | €220k | €255k | €267k | ▲ 4.7% |
| Amounts payable17/49 | €511k | €452k | €453k | €720k | €646k | ▼ 10.2% |
| Amounts payable after more than one year17 | €327k | €250k | €233k | €542k | €513k | ▼ 5.5% |
| Financial debts170/4 | €327k | €250k | €233k | €542k | €513k | ▼ 5.5% |
| Amounts payable within one year42/48 | €184k | €202k | €220k | €177k | €133k | ▼ 24.7% |
| Current portion of amounts payable after more than one year42 | €15k | €17k | €17k | €33k | €30k | ▼ 10.1% |
| Financial debts43 | €25k | €25k | €29k | €28k | €28k | = |
| Credit institutions430/8 | €25k | €25k | €29k | €28k | €28k | = |
| Trade debts44 | €117k | €114k | €81k | €53k | €39k | ▼ 27.8% |
| Suppliers440/4 | €117k | €114k | €81k | €53k | €39k | ▼ 27.8% |
| Taxes, remuneration and social security45 | €10k | €26k | €58k | €45k | €27k | ▼ 40.8% |
| Taxes450/3 | €5k | €20k | €45k | €32k | €13k | ▼ 59.5% |
| Remuneration and social security454/9 | €4k | €6k | €13k | €13k | €14k | ▲ 4.1% |
| Other amounts payable47/48 | €18k | €20k | €34k | €17k | €10k | ▼ 41.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €55k | €68k | €35k | €12k | ▼ 65.8% |
| + Depreciation and write-downs630 | €8k | €28k | €32k | €40k | €51k | ▲ 26.3% |
| Operating cash flow (approximation) | €91k | €83k | €101k | €75k | €63k | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | €-36k | €-66k | €-392k | €-33k | ▲ 91.6% |
| Change in cash | - | €-23k | €-51k | €58k | €-30k | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 158 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Equity above €200kEq €228k ▲42.8%
6 profitable years in a row build equity to €228k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Equity above €150kEq €160k ▲52.4%
5 profitable years in a row build equity to €160k.
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 136 days late
2021
31-12
Financial
Highest result since 2018net €83k ▲722%
Net result €83k, the highest in the series.
31-12
Financial
Equity above €100kEq €105k ▲381%
4 profitable years in a row build equity to €105k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼30.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brecht · 1 establishment unit since 2017
Ground area
783 m²
Building footprint
111 m²
Volume, LiDAR
551 m³
Parcel 11043C0252/00L002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Welektro
since 20172.270.249.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043C0252/00L002 | Flanders | 783 m² | 1 · 111 m² | 7.7 m · 2 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,750 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 (pre-2019)
Founded13-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.