WELFIT
ActiveSummary
WELFIT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€64,317) and a net result of €27,379. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 3023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.24 in 2023; short-term debt: 194.9% and cash: 52.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-94.9%
Return on assets
40.4%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3023 sector peers (2024).
NBB · sector comparisonPosition among 3023 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
64 d late
2022
42 d early
2021
77 d late
2020
91 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27,379
2023 · -€23,333
Working capital
-€89,968▲ 28.6%
2023 · -€125,972
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, 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
Line20202021202220232024
Operating result-€27,278-€18,104▲ 33.6%€8,202-€22,852€27,733
Net result-€27,845within the sector's middle half-€18,928within the sector's middle half▲ 32.0%€7,563within the sector's middle half-€23,333below the sector's middle half€27,379above the sector's middle half
Equity-€56,997below the sector's middle half▼ 95.5%-€75,926below the sector's middle half▼ 33.2%-€68,363below the sector's middle half▲ 10.0%-€91,696below the sector's middle half▼ 34.1%-€64,317below the sector's middle half▲ 29.9%
Total assets€230,186within the sector's middle half▲ 1.0%€94,659below the sector's middle half▼ 58.9%€86,963below the sector's middle half▼ 8.1%€74,049within the sector's middle half▼ 14.8%€67,784within the sector's middle half▼ 8.5%
Debt€287,183▲ 11.7%€170,585▼ 40.6%€155,326▼ 8.9%€165,745▲ 6.7%€132,101▼ 20.3%
Working capital-€39,663within the sector's middle half▲ 34.5%-€105,471below the sector's middle half▼ 166%-€87,279below the sector's middle half▲ 17.2%-€125,972below the sector's middle half▼ 44.3%-€89,968below the sector's middle half▲ 28.6%
Solvency-24.8%below the sector's middle half▼ 12.0pp-80.2%below the sector's middle half▼ 55.4pp-78.6%below the sector's middle half▲ 1.6pp-123.8%below the sector's middle half▼ 45.2pp-94.9%below the sector's middle half▲ 28.9pp
Current ratio0.83within the sector's middle half▲ 0.090.38below the sector's middle half▼ 0.450.44below the sector's middle half▲ 0.060.24below the sector's middle half▼ 0.200.32below the sector's middle half▲ 0.08
Return on assets (ROA)-12.1%below the sector's middle half▼ 12.7pp-20.0%below the sector's middle half▼ 7.9pp8.7%within the sector's middle half▲ 28.7pp-31.5%below the sector's middle half▼ 40.2pp40.4%above the sector's middle half▲ 71.9pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €27,733 after a loss of €22,852 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,784
Fixed assets
€25,651 ▼ 25.2%
Current assets
€42,134 ▲ 5.9%
Key figures and ratios
EBITDA
€36,359▲
2023 · -€6,852
Cash flow
€36,005▲
2023 · -€7,332
Debt to equity
-2.05▼
2023 · -1.81
Interest coverage
198.42▲
2023 · -20.69
Debt ≤ 1 year
€132,101▼
2023 · €165,745
Income taxes
€171▲
2023 · €149
Staff costs
€19,308▲
2023 · €3,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €140 | - | €3,950 | €19,308 | ▲ 389% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,885 | €21,362 | €10,929 | €16,001 | €8,626 | ▼ 46.1% |
| Other operating charges640/8 | - | €1,414 | €1,406 | €4,014 | €13,931 | ▲ 247% |
| Gross operating margin9900 | €249 | €4,812 | €20,537 | €1,112 | €69,598 | ▲ 6,159% |
| Operating profit (loss)9901 | -€27,278 | -€18,104 | €8,202 | -€22,852 | €27,733 | ▲ 221% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €343 | €388 | €331 | €183 | ▼ 44.7% |
| Recurring financial charges65 | €567 | €343 | €388 | €331 | €183 | ▼ 44.7% |
| Profit (loss) for the period before taxes9903 | -€27,845 | -€18,447 | €7,814 | -€23,184 | €27,550 | ▲ 219% |
| Income taxes67/77 | - | €481 | €251 | €149 | €171 | ▲ 14.3% |
| Profit (loss) for the period9904 | -€27,845 | -€18,928 | €7,563 | -€23,333 | €27,379 | ▲ 217% |
| Profit (loss) for the period to be appropriated9905 | -€27,845 | -€18,928 | €7,563 | -€23,333 | €27,379 | ▲ 217% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,186 | €94,659 | €86,963 | €74,049 | €67,784 | ▼ 8.5% |
| Fixed assets21/28 | €39,669 | €29,545 | €18,916 | €34,276 | €25,651 | ▼ 25.2% |
| Tangible fixed assets22/27 | €39,669 | €29,545 | €18,616 | €27,976 | €19,351 | ▼ 30.8% |
| Plant, machinery and equipment23 | - | €20,555 | €11,874 | €3,193 | €1,887 | ▼ 40.9% |
| Furniture and vehicles24 | - | €8,990 | €6,743 | €24,784 | €17,464 | ▼ 29.5% |
| Financial fixed assets28 | - | - | €300 | €6,300 | €6,300 | = |
| Current assets29/58 | €190,516 | €65,114 | €68,046 | €39,773 | €42,134 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €66,155 | €61,758 | €53,986 | €33,309 | €5,000 | ▼ 85.0% |
| Trade receivables40 | - | €57,328 | €52,133 | €31,178 | €5,000 | ▼ 84.0% |
| Other amounts receivable41 | - | €4,430 | €1,852 | €2,130 | - | - |
| Cash at bank and in hand54/58 | €1,696 | €2,509 | €13,721 | €5,424 | €35,763 | ▲ 559% |
| Deferred charges and accrued income490/1 | - | €847 | €340 | €1,040 | €1,371 | ▲ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,186 | €94,659 | €86,963 | €74,049 | €67,784 | ▼ 8.5% |
| Equity10/15 | -€56,997 | -€75,926 | -€68,363 | -€91,696 | -€64,317 | ▲ 29.9% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | - | €25,000 | €25,000 | - | - | - |
| Other1109/19 | - | €25,000 | €25,000 | - | - | - |
| Profit (loss) carried forward14 | -€81,997 | -€100,926 | -€93,363 | -€116,696 | -€89,317 | ▲ 23.5% |
| Amounts payable17/49 | €287,183 | €170,585 | €155,326 | €165,745 | €132,101 | ▼ 20.3% |
| Amounts payable within one year42/48 | €230,180 | €170,585 | €155,326 | €165,745 | €132,101 | ▼ 20.3% |
| Trade debts44 | €23,158 | €21,553 | €18,509 | €49,051 | €17,443 | ▼ 64.4% |
| Suppliers440/4 | - | €21,553 | €18,509 | €49,051 | €17,443 | ▼ 64.4% |
| Taxes, remuneration and social security45 | - | €2,275 | €2,172 | €4,725 | €19,187 | ▲ 306% |
| Taxes450/3 | - | €728 | €728 | €728 | €3,319 | ▲ 356% |
| Remuneration and social security454/9 | - | €1,547 | €1,444 | €3,997 | €15,868 | ▲ 297% |
| Other amounts payable47/48 | - | €146,757 | €134,644 | €111,969 | €95,471 | ▼ 14.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,845 | -€18,928 | €7,563 | -€23,333 | €27,379 | ▲ 217% |
| + Depreciation and write-downs630 | €19,885 | €21,362 | €10,929 | €16,001 | €8,626 | ▼ 46.1% |
| Operating cash flow (approximation) | -€7,961 | €2,434 | €18,491 | -€7,332 | €36,005 | ▲ 591% |
| Investment in fixed assets (approximation) | - | -€11,238 | -€300 | -€31,361 | €0 | ▲ 100% |
| Change in cash | - | €813 | €11,212 | -€8,297 | €30,338 | ▲ 466% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Back to profitnet €27,379
Net result €27,379 after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €7,563
Net result €7,563 after 2 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 77 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 91 days late
2020
31-12
Financial
Weakest financial yearnet -€27,845
Net result drops to -€27,845, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 84 days late
2019
31-12
Financial
Back to profitnet €1,443
Net result €1,443 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 49 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Sint-Jans-Molenbeek · 1 establishment unit since 2014
Ground area
577 m²
Building footprint
341 m²
Volume, LiDAR
1,675 m³
Parcel 21526D0145/00S000, Brussels · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zwarte Vijversstraat 37, 1080 Sint-Jans-Molenbeek
since 20142.231.058.002
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0145/00S000 | Brussels | 577 m² | 1 · 341 m² | 14.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.231.058.002
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,293 companies in sector 93110 we hold annual accounts for 1,500. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93130Fitness centres
Contact
Website
www.ladyfitnesspalace.beSint-Jans-Molenbeek
E-mail
info@ladyfitnesspalace.beSint-Jans-Molenbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550937927
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.