WELL
Open bankruptcySummary
A bankruptcy procedure is open for WELL according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€6.5m) and a net result of -€2.0m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Tournai division
- Declared bankrupt
- 18 June 2024
- Supervising judge
- Pierre Mat
- Official Gazette
- 24-06-2024 (pdf) ↗search the document for 2024/125823
Curators
- Olivier MercierRue Des Villas 6, 7700 Mouscronmercier.wagnon@edpnet.be
- Gauthier Lefe- BvreRue De La Terre A Briques 29, 7522 03 Marquain- . Date provisoire de cessation de paiement : 18/06/2024g.lefebvre@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 13-06-2024, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
48 d early
2022
25 d early
2021
82 d early
2020
11 d early
2019
36 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2.0m▲ 3.1%
2022 · -€2.1m
Working capital
-€2.7m▼ 36.4%
2022 · -€2.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€413,047▼ 30.7%-€1.2m▼ 180%-€1.5m▼ 32.9%-€2.0m▼ 30.3%-€1.6m▲ 18.9%
Net result-€431,793▼ 32.3%-€1.2m▼ 176%-€1.6m▼ 33.2%-€2.1m▼ 29.4%-€2.0m▲ 3.1%
Equity€362,893▼ 54.3%-€829,124-€2.4m▼ 192%-€4.5m▼ 85.0%-€6.5m▼ 44.5%
Total assets€1.7m▼ 16.7%€3.6m▲ 110%€5.0m▲ 39.8%€5.2m▲ 4.8%€4.3m▼ 18.1%
Debt€1.3m▲ 7.5%€4.4m▲ 229%€7.4m▲ 68.5%€9.7m▲ 31.1%€10.7m▲ 10.8%
Working capital€184,460▼ 43.4%€1.4m▲ 643%-€117,195-€2.0m▼ 1,583%-€2.7m▼ 36.4%
Staff (FTE)20.3▲ 48.2%28.4▲ 39.9%28.9▲ 1.8%25.6▼ 11.4%27.7▲ 8.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.6m in 2023 against €2.0m in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.3m
Fixed assets
€2.8m ▼ 25.1%
Current assets
€1.5m ▼ 1.3%
Key figures and ratios
EBITDA
-€1.3m▲
2022 · -€1.6m
Cash flow
-€1.6m▲
2022 · -€1.7m
Solvency
-151.5%▼
2022 · -85.9%
Current ratio
0.36▼
2022 · 0.44
Quick ratio
0.05▲
2022 · 0.05
Debt to equity
-1.66▲
2022 · -2.16
ROA
-46.7%▼
2022 · -39.5%
Interest coverage
-3.43▲
2022 · -27.60
Debt ≤ 1 year
€4.2m▲
2022 · €3.5m
Debt > 1 year
€6.5m▲
2022 · €6.1m
Staff costs
€1.2m▲
2022 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.1m | €1.2m | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,122 | €185,299 | €261,755 | €377,933 | €357,728 | ▼ 5.3% |
| Other operating charges640/8 | - | - | €49,711 | €35,367 | €25,635 | ▼ 27.5% |
| Non-recurring operating charges66A | - | - | €151,672 | €65,300 | €214,517 | ▲ 229% |
| Gross operating margin9900 | €362,199 | -€31,087 | -€6,736 | -€435,728 | €144,533 | ▲ 133% |
| Operating profit (loss)9901 | -€413,047 | -€1.2m | -€1.5m | -€2.0m | -€1.6m | ▲ 18.9% |
| Financial income75/76B | - | - | €3,895 | €3,527 | €0 | ▼ 100.0% |
| Recurring financial income75 | €17,582 | €6,493 | €3,895 | €3,527 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €57,565 | €58,765 | €368,329 | ▲ 527% |
| Recurring financial charges65 | €36,097 | €43,537 | €57,565 | €58,765 | €368,329 | ▲ 527% |
| Profit (loss) for the period before taxes9903 | -€431,562 | -€1.2m | -€1.6m | -€2.1m | -€2.0m | ▲ 3.1% |
| Income taxes67/77 | €231 | €226 | €321 | €191 | - | - |
| Profit (loss) for the period9904 | -€431,793 | -€1.2m | -€1.6m | -€2.1m | -€2.0m | ▲ 3.1% |
| Profit (loss) for the period to be appropriated9905 | -€431,793 | -€1.2m | -€1.6m | -€2.1m | -€2.0m | ▲ 3.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €3.6m | €5.0m | €5.2m | €4.3m | ▼ 18.1% |
| Fixed assets21/28 | €416,587 | €1.9m | €3.3m | €3.7m | €2.8m | ▼ 25.1% |
| Tangible fixed assets22/27 | €404,763 | €1.9m | €3.2m | €3.5m | €2.5m | ▼ 27.0% |
| Furniture and vehicles24 | - | - | €108,043 | €72,539 | €27,833 | ▼ 61.6% |
| Other tangible fixed assets26 | - | - | €3.1m | €3.4m | €2.5m | ▼ 26.3% |
| Financial fixed assets28 | €11,824 | €11,824 | €123,949 | €211,619 | €225,796 | ▲ 6.7% |
| Current assets29/58 | €1.3m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 1.3% |
| Stocks and contracts in progress3 | €1.1m | €1.2m | €1.4m | €1.4m | €1.3m | ▼ 5.2% |
| Stocks30/36 | - | - | €1.4m | €1.4m | €1.3m | ▼ 5.2% |
| Amounts receivable within one year40/41 | €95,666 | €62,694 | €17,524 | €43,080 | €172,089 | ▲ 299% |
| Trade receivables40 | - | - | €10,858 | €40,556 | €168,153 | ▲ 315% |
| Other amounts receivable41 | - | - | €6,667 | €2,524 | €3,936 | ▲ 55.9% |
| Cash at bank and in hand54/58 | €12,095 | €246,502 | €181,332 | €135,876 | €57,761 | ▼ 57.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €3.6m | €5.0m | €5.2m | €4.3m | ▼ 18.1% |
| Equity10/15 | €362,893 | -€829,124 | -€2.4m | -€4.5m | -€6.5m | ▼ 44.5% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | - | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | - | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €112,893 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Non-distributable reserves130/1 | - | - | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | - | - | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | - | - | €37,500 | €37,500 | €37,500 | = |
| Profit (loss) carried forward14 | - | -€1.1m | -€2.7m | -€4.8m | -€6.8m | ▼ 41.6% |
| Amounts payable17/49 | €1.3m | €4.4m | €7.4m | €9.7m | €10.7m | ▲ 10.8% |
| Amounts payable after more than one year17 | €235,998 | €4.1m | €5.6m | €6.1m | €6.5m | ▲ 6.0% |
| Other amounts payable178/9 | - | - | €5.6m | €6.1m | €6.5m | ▲ 6.0% |
| Amounts payable within one year42/48 | €1.1m | €312,872 | €1.7m | €3.5m | €4.2m | ▲ 19.9% |
| Trade debts44 | €180,056 | €100,482 | €1.5m | €3.3m | €4.0m | ▲ 19.7% |
| Suppliers440/4 | - | - | €1.5m | €3.3m | €4.0m | ▲ 19.7% |
| Taxes, remuneration and social security45 | - | - | €209,991 | €197,439 | €244,503 | ▲ 23.8% |
| Taxes450/3 | - | - | €100,008 | €112,845 | €110,891 | ▼ 1.7% |
| Remuneration and social security454/9 | - | - | €109,983 | €84,595 | €133,612 | ▲ 57.9% |
| Accrued charges and deferred income492/3 | - | - | €17,000 | €25,500 | €10,000 | ▼ 60.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€431,793 | -€1.2m | -€1.6m | -€2.1m | -€2.0m | ▲ 3.1% |
| + Depreciation and write-downs630 | €100,122 | €185,299 | €261,755 | €377,933 | €357,728 | ▼ 5.3% |
| Operating cash flow (approximation) | -€331,671 | -€1.0m | -€1.3m | -€1.7m | -€1.6m | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | -€1.6m | -€1.7m | -€713,046 | €563,597 | ▲ 179% |
| Change in cash | - | €234,407 | -€65,170 | -€45,456 | -€78,115 | ▼ 71.8% |
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
24-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 18-06-2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€2.1m
Net result drops to -€2.1m, the lowest in the series.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 5current ratio 5.38
Current ratio from 1.17 to 5.38; short-term debt falls from €1.1m to €312,872.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Estaimpuis · 8 establishment units since 1988
Ground area
2.8 ha
Building footprint
1.5 ha
Volume, LiDAR
116,443 m³
7 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
8 establishment units
Rue Tahon 47, 6041 Charleroi
since 19882.037.161.732
WELL
since 19882.037.162.524
Chaussée de Tongres 269, 4000 Liège
since 19882.037.162.227
WELL
since 20202.306.445.016
WELL
since 20202.307.979.792
Rue de la Taverne de Maire(FRY) 9, 7503 Tournai
since 20212.318.220.321
Show 2 more locations
Establishment
since 20212.332.523.762
WELL
since 20222.337.790.466
7 parcels
Wallonia
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 25006C0331/00N000 | Wallonia | 6,168 m² | 1 · 2,304 m² | 12.8 m · 2 fl. |
| 57027A0236/00F000 | Wallonia | 5,355 m² | 1 · 519 m² | 8.0 m · 2 fl. |
| 62087B0259/00M002 | Wallonia | 2,262 m² | 1 · 2,158 m² | 13.3 m · 4 fl. |
| 52028C0045/00C005 | Wallonia | 2,038 m² | 1 · 4,967 m² | 7.8 m · 2 fl. |
| 57031C0020/00T000 | Wallonia | 1,367 m² | - | - |
| 55022A0355/00A008 | Wallonia | 1,222 m² | 1 · 2,852 m² | 5.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
6 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER MERCIER RUE DES VILLAS 6,
7700 MOUSCRON |
18-06-2024 → present |
| Curator | GAUTHIER LEFE-
BVRE RUE DE LA TERRE A BRIQUES 29, 7522 03 MARQUAIN-
.
Date provisoire de cessation de paiement : 18/06/2024 |
18-06-2024 → present |
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Of 472 companies in sector 46442 we hold annual accounts for 334. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.