WELL
InactiveWELL was declared bankrupt on 28-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 10-06-2025, published in the Belgian State Gazette on 13-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 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 · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 27-02-2024, 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
27 d late
2022
164 d late
2021
3 d early
2020
4 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 37 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€28,298▼ 29.7%
2022 · -€21,817
Total assets
€40,388▼ 20.1%
2022 · €50,572
Net result
-€6,481
2022 · €28,333
Working capital
-€28,348▼ 29.6%
2022 · -€21,867
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€13,851-€22,730▲ 64.1%€734▼ 96.8%€34,391▲ 4,587%-€6,858
Net result€10,872-€20,625▲ 89.7%-€1,156€28,333-€6,481
Equity-€69,619--€48,993▲ 29.6%-€50,150▼ 2.4%-€21,817▲ 56.5%-€28,298▼ 29.7%
Total assets€58,315-€56,995▼ 2.3%€33,452▼ 41.3%€50,572▲ 51.2%€40,388▼ 20.1%
Debt€127,933-€105,989▼ 17.2%€83,602▼ 21.1%€72,389▼ 13.4%€68,686▼ 5.1%
Working capital-€76,797--€53,573▲ 30.2%-€50,200▲ 6.3%-€21,867▲ 56.4%-€28,348▼ 29.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6,858 after €34,391 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €40,388
Fixed assets
€50 =
Current assets
€40,338 ▼ 20.2%
Key figures and ratios
Solvency
-70.1%▼
2022 · -43.1%
Current ratio
0.59▼
2022 · 0.70
Quick ratio
0.56▼
2022 · 0.67
Debt to equity
-2.43▲
2022 · -3.32
ROA
-16.0%▼
2022 · 56.0%
Debt ≤ 1 year
€68,686▼
2022 · €72,389
Income taxes
-€16▼
2022 · €4,806
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,117 | €6,504 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €50 | ▼ 85.6% |
| Gross operating margin9900 | €22,086 | €29,814 | €1,282 | €34,738 | -€6,808 | ▼ 120% |
| Operating profit (loss)9901 | €13,851 | €22,730 | €734 | €34,391 | -€6,858 | ▼ 120% |
| Financial income75/76B | - | - | - | €0 | €650 | ▲ 3,249,950% |
| Recurring financial income75 | - | €468 | €0 | €0 | €650 | ▲ 3,249,950% |
| Financial charges65/66B | - | - | - | €1,252 | €289 | ▼ 76.9% |
| Recurring financial charges65 | €2,979 | €2,573 | €1,874 | €1,252 | €289 | ▼ 76.9% |
| Profit (loss) for the period before taxes9903 | €10,872 | €20,625 | -€1,140 | €33,139 | -€6,497 | ▼ 120% |
| Income taxes67/77 | - | - | €16 | €4,806 | -€16 | ▼ 100% |
| Profit (loss) for the period9904 | €10,872 | €20,625 | -€1,156 | €28,333 | -€6,481 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €10,872 | €20,625 | -€1,156 | €28,333 | -€6,481 | ▼ 123% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,315 | €56,995 | €33,452 | €50,572 | €40,388 | ▼ 20.1% |
| Fixed assets21/28 | €22,071 | €13,057 | €50 | €50 | €50 | = |
| Tangible fixed assets22/27 | €19,511 | €13,007 | €0 | - | - | - |
| Financial fixed assets28 | €2,560 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €36,244 | €43,938 | €33,402 | €50,522 | €40,338 | ▼ 20.2% |
| Stocks and contracts in progress3 | €3,045 | €1,721 | €1,721 | €1,721 | €1,721 | = |
| Stocks30/36 | - | - | - | €1,721 | €1,721 | = |
| Amounts receivable within one year40/41 | €29,313 | €41,798 | €31,326 | €43,812 | €38,400 | ▼ 12.4% |
| Trade receivables40 | - | - | - | €43,465 | €31,686 | ▼ 27.1% |
| Other amounts receivable41 | - | - | - | €347 | €6,713 | ▲ 1,835% |
| Cash at bank and in hand54/58 | €3,194 | - | - | €4,989 | €217 | ▼ 95.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,315 | €56,995 | €33,452 | €50,572 | €40,388 | ▼ 20.1% |
| Equity10/15 | -€69,619 | -€48,993 | -€50,150 | -€21,817 | -€28,298 | ▼ 29.7% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €2,088 | €2,088 | €2,088 | €2,088 | €2,088 | = |
| Non-distributable reserves130/1 | - | - | - | €104 | €104 | = |
| Reserves not available under the articles1311 | - | - | - | €104 | €104 | = |
| Distributable reserves133 | - | - | - | €1,983 | €1,983 | = |
| Profit (loss) carried forward14 | -€90,307 | -€69,681 | -€70,837 | -€42,505 | -€48,986 | ▼ 15.2% |
| Amounts payable17/49 | €127,933 | €105,989 | €83,602 | €72,389 | €68,686 | ▼ 5.1% |
| Amounts payable after more than one year17 | €14,893 | €8,477 | €0 | - | - | - |
| Amounts payable within one year42/48 | €113,040 | €97,512 | €83,602 | €72,389 | €68,686 | ▼ 5.1% |
| Financial debts43 | - | - | - | €10 | - | - |
| Credit institutions430/8 | - | - | - | €10 | - | - |
| Trade debts44 | €12,779 | €10,284 | €26,335 | €9,268 | €11,712 | ▲ 26.4% |
| Suppliers440/4 | - | - | - | €9,268 | €11,712 | ▲ 26.4% |
| Taxes, remuneration and social security45 | - | - | - | €8,095 | €5,059 | ▼ 37.5% |
| Taxes450/3 | - | - | - | €8,095 | €5,059 | ▼ 37.5% |
| Other amounts payable47/48 | - | - | - | €55,017 | €51,915 | ▼ 5.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,872 | €20,625 | -€1,156 | €28,333 | -€6,481 | ▼ 123% |
| + Depreciation and write-downs630 | €7,117 | €6,504 | €0 | - | - | - |
| Operating cash flow (approximation) | €17,989 | €27,129 | -€1,156 | €28,333 | -€6,481 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €2,510 | €13,007 | €0 | €0 | - |
| Change in cash | - | - | - | - | -€4,773 | - |
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
13-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 10-06-2025
2024
04-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 28-10-2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 164 days late
30-06
Financial
Weakest financial yearnet -€6,481
Net result drops to -€6,481, the lowest in the series.
2022
30-06
Financial
Back to profitnet €28,333
Net result €28,333 after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 99 days late
2015
11-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 100 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN BERGMANS BOONHOF 24, 2890. PUURS-SINT-
AMANDS |
28-10-2024 → 10-06-2025 |