WELIN
ActiveSummary
The computed 12-month bankruptcy probability of WELIN is 3.1% (moderate). For WELIN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €60,091 and a net result of €6,278. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 24624 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2021
Profitability53▼-20
Solvency90▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2023Solvency, return and age of the figures
Solvency
65%
Return on assets
6.8%
Age of the figures
33 mo
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 dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2021
12 d late
2020
115 d late
2019
56 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€48,375
EBIT margin
-5.0%
Net result
€6,278▲ 129%
2021 · €2,738
Working capital
€58,007▲ 20.1%
2021 · €48,311
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20182019202020212023
Turnover€48,375-
Operating result-€2,417-€4,153€52,461▲ 1,163%€3,932▼ 92.5%€11,552-
Net result-€2,432-€3,330€38,833within the sector's middle half▲ 1,066%€2,738within the sector's middle half▼ 92.9%€6,278within the sector's middle half-
EBIT margin-5.0%-
Equity€3,768-€7,098▲ 88.4%€45,931within the sector's middle half▲ 547%€48,669within the sector's middle half▲ 6.0%€60,091within the sector's middle half-
Total assets€13,176-€24,090▲ 82.8%€72,650below the sector's middle half▲ 202%€73,391within the sector's middle half▲ 1.0%€92,447within the sector's middle half-
Debt€9,408-€16,992▲ 80.6%€26,719▲ 57.2%€24,722▼ 7.5%€32,356-
Working capital€3,431-€6,990▲ 104%€49,191within the sector's middle half▲ 604%€48,311within the sector's middle half▼ 1.8%€58,007within the sector's middle half-
Solvency28.6%-29.5%▲ 0.9pp63.2%above the sector's middle half▲ 33.8pp66.3%above the sector's middle half▲ 3.1pp65.0%above the sector's middle half-
Current ratio1.42-1.50▲ 0.093.40above the sector's middle half▲ 1.903.20above the sector's middle half▼ 0.212.96above the sector's middle half-
Return on assets (ROA)-18.5%-13.8%▲ 32.3pp53.5%above the sector's middle half▲ 39.6pp3.7%within the sector's middle half▼ 49.7pp6.8%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €11,552 in 2023, compared with €3,932 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €92,447
Fixed assets
€4,797 ▲ 56.2%
Current assets
€87,649 ▲ 24.6%
Equity and liabilities €92,447
Equity
€60,091 ▲ 23.5%
Debt
€32,356 ▲ 30.9%
Debt's share of the balance-sheet total rises from 33.7% to 35.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,321▲
2021 · €5,512
Cash flow
€8,048▲
2021 · €4,318
Quick ratio
2.14▼
2021 · 2.96
Debt to equity
0.54▲
2021 · 0.51
ROE
10.4%▲
2021 · 5.6%
Interest coverage
3.10▼
2021 · 22.38
Debt ≤ 1 year
€29,642▲
2021 · €22,009
Income taxes
€1,786▲
2021 · €1,147
Staff costs
€13,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €48,375 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €13,305 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42 | €748 | €986 | €1,580 | €1,769 | - |
| Other operating charges640/8 | - | - | - | €1,266 | €106 | - |
| Gross operating margin9900 | -€2,375 | €5,599 | €53,498 | €6,777 | €26,733 | - |
| Operating profit (loss)9901 | -€2,417 | €4,153 | €52,461 | €3,932 | €11,552 | - |
| Financial income75/76B | - | - | - | €199 | €804 | - |
| Recurring financial income75 | - | €1 | €262 | €199 | €804 | - |
| Financial charges65/66B | - | - | - | €246 | €4,292 | - |
| Recurring financial charges65 | €15 | €214 | €946 | €246 | €4,292 | - |
| Profit (loss) for the period before taxes9903 | -€2,432 | €3,940 | €51,777 | €3,885 | €8,064 | - |
| Income taxes67/77 | - | €610 | €12,944 | €1,147 | €1,786 | - |
| Profit (loss) for the period9904 | -€2,432 | €3,330 | €38,833 | €2,738 | €6,278 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,432 | €3,330 | €38,833 | €2,738 | €6,278 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,176 | €24,090 | €72,650 | €73,391 | €92,447 | - |
| Fixed assets21/28 | €1,512 | €3,185 | €2,998 | €3,071 | €4,797 | - |
| Intangible fixed assets21 | - | - | - | - | €4,562 | - |
| Tangible fixed assets22/27 | €1,512 | €3,185 | €2,998 | €3,071 | €236 | - |
| Plant, machinery and equipment23 | - | - | - | €1,816 | €236 | - |
| Furniture and vehicles24 | - | - | - | €1,256 | €0 | - |
| Current assets29/58 | €11,664 | €20,905 | €69,652 | €70,320 | €87,649 | - |
| Stocks and contracts in progress3 | €4,375 | €12,494 | €1,820 | €5,277 | €24,232 | - |
| Stocks30/36 | - | - | - | €5,277 | €24,232 | - |
| Amounts receivable within one year40/41 | €1,077 | €436 | €2,822 | €28,106 | €40,469 | - |
| Trade receivables40 | - | - | - | €24,597 | €24,055 | - |
| Other amounts receivable41 | - | - | - | €3,509 | €16,415 | - |
| Cash at bank and in hand54/58 | €5,041 | €4,563 | €61,464 | €36,937 | €22,747 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €201 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,176 | €24,090 | €72,650 | €73,391 | €92,447 | - |
| Equity10/15 | €3,768 | €7,098 | €45,931 | €48,669 | €60,091 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | - | €167 | €167 | €167 | €167 | - |
| Non-distributable reserves130/1 | - | - | - | €167 | €167 | - |
| Reserves not available under the articles1311 | - | - | - | €167 | €167 | - |
| Profit (loss) carried forward14 | -€2,432 | €731 | €39,564 | €42,302 | €53,724 | - |
| Amounts payable17/49 | €9,408 | €16,992 | €26,719 | €24,722 | €32,356 | - |
| Amounts payable within one year42/48 | €8,233 | €13,915 | €20,461 | €22,009 | €29,642 | - |
| Trade debts44 | €8,233 | €11,083 | €6,595 | €8,308 | €23,771 | - |
| Suppliers440/4 | - | - | - | €8,308 | €23,771 | - |
| Taxes, remuneration and social security45 | - | - | - | €13,701 | €5,871 | - |
| Taxes450/3 | - | - | - | €13,701 | €4,159 | - |
| Remuneration and social security454/9 | - | - | - | - | €1,712 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,713 | €2,713 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,432 | €3,330 | €38,833 | €2,738 | €6,278 | - |
| + Depreciation and write-downs630 | €42 | €748 | €986 | €1,580 | €1,769 | - |
| Operating cash flow (approximation) | -€2,390 | €4,078 | €39,819 | €4,318 | €8,048 | - |
| Investment in fixed assets (approximation) | - | -€2,420 | -€800 | -€1,653 | - | - |
| Change in cash | - | -€479 | €56,901 | -€24,527 | - | - |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 115 days late
2020
31-12
Financial
Highest result since 2018net €38,833 ▲1,066%
Operating result €52,461, net result €38,833, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.50 to 3.40.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
31-12
Financial
Back to profitnet €3,330
Net result €3,330 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 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, Elsene · 2 establishment units since 2018
Ground area
290 m²
Building footprint
196 m²
Volume, LiDAR
3,241 m³
2 parcels, Brussels · tallest building 21.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Welin
since 20182.285.841.721
WELIN
since 20232.355.489.897
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0253/00Z010 | Brussels | 235 m² | 1 · 150 m² | 21.9 m · 6 fl. |
| 21445E0006/00G037 | Brussels | 56 m² | 1 · 46 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2 sitesElsene2.285.841.721
Elsene2.355.489.897
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,343 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)
Founded16-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695983017
Also
9925:BE0695983017
Registered
28-03-2026
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.