WELL - M
ActiveSummary
For WELL - M, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €556,460 and a net result of -€736. The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability37▼-63
Solvency100▲+3
Growth32
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
96.7%
Return on assets
-0.1%
Age of the figures
57 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-07-2022, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
12 d early
2020
31 d early
2007
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 26 days before 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€556,460▼ 0.1%
2020 · €557,196
Total assets
€575,245▼ 25.8%
2020 · €774,865
Net result
-€736
2020 · €202,446
Working capital
€407,464▲ 23.0%
2020 · €331,148
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
Line20202021
Operating result€270,198--€1,582
Net result€202,446--€736
Equity€557,196-€556,460▼ 0.1%
Total assets€774,865-€575,245▼ 25.8%
Debt€217,669-€18,785▼ 91.4%
Working capital€331,148-€407,464▲ 23.0%
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 2021: a loss of €1,582 after €270,198 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €575,245
Fixed assets
€149,566 ▼ 33.8%
Current assets
€425,679 ▼ 22.4%
Equity and liabilities €575,245
Equity
€556,460 ▼ 0.1%
Debt
€18,785 ▼ 91.4%
Debt's share of the balance-sheet total falls from 28.1% to 3.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,976▼
2020 · €285,373
Cash flow
€10,821▼
2020 · €217,621
Current ratio
23.37▲
2020 · 2.52
Debt to equity
0.03
ROE
-0.1%▼
2020 · 36.3%
ROA
-0.1%▼
2020 · 26.1%
Interest coverage
-187.97
Debt ≤ 1 year
€18,215▼
2020 · €217,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,175 | €11,558 | ▼ 23.8% |
| Other operating charges640/8 | - | €6,570 | - |
| Non-recurring operating charges66A | - | €25,443 | - |
| Gross operating margin9900 | €294,375 | €41,989 | ▼ 85.7% |
| Operating profit (loss)9901 | €270,198 | -€1,582 | ▼ 101% |
| Financial income75/76B | - | €793 | - |
| Recurring financial income75 | €819 | €793 | ▼ 3.2% |
| Financial charges65/66B | - | -€53 | - |
| Recurring financial charges65 | €30 | -€53 | ▼ 277% |
| Profit (loss) for the period before taxes9903 | €270,987 | -€736 | ▼ 100% |
| Income taxes67/77 | €68,541 | - | - |
| Profit (loss) for the period9904 | €202,446 | -€736 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €202,446 | -€736 | ▼ 100% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €774,865 | €575,245 | ▼ 25.8% |
| Fixed assets21/28 | €226,048 | €149,566 | ▼ 33.8% |
| Tangible fixed assets22/27 | €225,824 | €149,343 | ▼ 33.9% |
| Land and buildings22 | - | €148,626 | - |
| Furniture and vehicles24 | - | €717 | - |
| Financial fixed assets28 | €223 | €223 | = |
| Current assets29/58 | €548,817 | €425,679 | ▼ 22.4% |
| Current investments50/53 | €101,875 | €101,875 | = |
| Cash at bank and in hand54/58 | €446,942 | €323,804 | ▼ 27.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €774,865 | €575,245 | ▼ 25.8% |
| Equity10/15 | €557,196 | €556,460 | ▼ 0.1% |
| Contributions10/11 | €435,053 | €435,053 | = |
| Capital10 | - | €435,053 | - |
| Issued capital100 | - | €435,053 | - |
| Reserves13 | €122,143 | €121,407 | ▼ 0.6% |
| Non-distributable reserves130/1 | - | €43,505 | - |
| Legal reserve130 | - | €43,505 | - |
| Distributable reserves133 | - | €77,901 | - |
| Amounts payable17/49 | €217,669 | €18,785 | ▼ 91.4% |
| Amounts payable within one year42/48 | €217,669 | €18,215 | ▼ 91.6% |
| Trade debts44 | €1,546 | €4,772 | ▲ 209% |
| Suppliers440/4 | - | €4,772 | - |
| Taxes, remuneration and social security45 | - | €8,541 | - |
| Taxes450/3 | - | €8,541 | - |
| Other amounts payable47/48 | - | €4,901 | - |
| Accrued charges and deferred income492/3 | - | €570 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €202,446 | -€736 | ▼ 100% |
| + Depreciation and write-downs630 | €15,175 | €11,558 | ▼ 23.8% |
| Operating cash flow (approximation) | €217,621 | €10,821 | ▼ 95.0% |
| Investment in fixed assets (approximation) | - | €64,924 | - |
| Change in cash | - | -€123,138 | - |
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
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 9current ratio 23.37
Current ratio from 2.52 to 23.37; short-term debt falls from €217,669 to €18,215.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2008
27-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
16-07
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
25-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
20-07
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
28-06
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
2003
01-07
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema
2002
28-06
NBB filing
Annual accounts filed
fiscal year 2001 · abbreviated schema
2001
24-07
NBB filing
Annual accounts filed
fiscal year 2000 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 1993
Ground area
333 m²
Building footprint
112 m²
Volume, LiDAR
792 m³
Parcel 11364F0154/00Y003, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WELL-M NV
since 19932.063.019.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11364F0154/00Y003 | Flanders | 333 m² | 1 · 112 m² | 10.4 m · 3 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.
Identification & contact
Identification
Legal formLimited partnership
Founded24-05-1993
Fiscal year end31-12
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.