Summary
Well One is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €35.7m and a net result of €599,114. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 6155 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
21 d early
2022
54 d early
2021
51 d early
2020
71 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 46 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 company by equity in Sint-Martens-Latem, Finance and insurance sector#9 company by total assets in Sint-Martens-Latem, Finance and insurance sector
Equity
€35.7m▲ 14.8%
2023 · €31.1m
Net result
€599,114
2023 · -€3,103
Total assets
€38.7m▲ 21.3%
2023 · €31.9m
Solvency
92.1%▼ 5.2pp
2023 · 97.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€1.2m--€1.1m▲ 3.8%-€641,428▲ 43.4%-€758,106▼ 18.2%-€414,230▲ 45.4%
Net result-€1.2mbelow the sector's middle half--€970,664below the sector's middle half▲ 16.4%-€272,401below the sector's middle half▲ 71.9%-€3,103below the sector's middle half▲ 98.9%€599,114above the sector's middle half
Equity€9.9mabove the sector's middle half-€10.0mabove the sector's middle half▲ 0.3%€23.3mabove the sector's middle half▲ 134%€31.1mabove the sector's middle half▲ 33.5%€35.7mabove the sector's middle half▲ 14.8%
Total assets€10.2mabove the sector's middle half-€13.3mabove the sector's middle half▲ 30.5%€26.3mabove the sector's middle half▲ 98.0%€31.9mabove the sector's middle half▲ 21.2%€38.7mabove the sector's middle half▲ 21.3%
Debt€271,853-€3.4m▲ 1,132%€3.1m▼ 8.6%€845,137▼ 72.4%€3.1m▲ 262%
Working capital€638,398-€185,467▼ 70.9%-€1.1m€1.7m€500,436▼ 70.1%
Solvency97.3%above the sector's middle half-74.8%within the sector's middle half▼ 22.5pp88.4%above the sector's middle half▲ 13.6pp97.4%above the sector's middle half▲ 9.0pp92.1%above the sector's middle half▼ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €414,230 in 2024 against €758,106 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38.7m
Fixed assets
€35.2m ▲ 20.0%
Current assets
€3.5m ▲ 40.6%
Equity and liabilities €38.7m
Equity
€35.7m ▲ 14.8%
Debt
€3.1m ▲ 262%
Debt's share of the balance-sheet total rises from 2.6% to 7.9%. Equity and debt are higher.
Key figures and ratios
ROE
1.7%▲
2023 · 0.0%
ROA
1.5%▲
2023 · 0.0%
Debt ≤ 1 year
€3.0m▲
2023 · €837,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,251 | €66,318 | €66,318 | €67,581 | €67,854 | ▲ 0.4% |
| Other operating charges640/8 | - | €468 | €990 | €1,092 | €1,218 | ▲ 11.5% |
| Gross operating margin9900 | -€1.1m | -€1.1m | -€574,120 | -€689,434 | -€345,158 | ▲ 49.9% |
| Operating profit (loss)9901 | -€1.2m | -€1.1m | -€641,428 | -€758,106 | -€414,230 | ▲ 45.4% |
| Financial income75/76B | - | €201,038 | €495,643 | €829,019 | €1.1m | ▲ 37.2% |
| Recurring financial income75 | €19,291 | €201,038 | €495,643 | €829,019 | €1.1m | ▲ 37.2% |
| Financial charges65/66B | - | €38,157 | €126,617 | €74,016 | €124,135 | ▲ 67.7% |
| Recurring financial charges65 | €1,441 | €38,157 | €126,617 | €74,016 | €124,135 | ▲ 67.7% |
| Profit (loss) for the period before taxes9903 | -€1.2m | -€970,664 | -€272,401 | -€3,103 | €599,114 | ▲ 19,406% |
| Profit (loss) for the period9904 | -€1.2m | -€970,664 | -€272,401 | -€3,103 | €599,114 | ▲ 19,406% |
| Profit (loss) for the period to be appropriated9905 | -€1.2m | -€970,664 | -€272,401 | -€3,103 | €599,114 | ▲ 19,406% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.2m | €13.3m | €26.3m | €31.9m | €38.7m | ▲ 21.3% |
| Formation expenses20 | €276,338 | €210,020 | €143,702 | €84,070 | €16,216 | ▼ 80.7% |
| Fixed assets21/28 | €9.0m | €9.6m | €24.3m | €29.3m | €35.2m | ▲ 20.0% |
| Financial fixed assets28 | €9.0m | €9.6m | €24.3m | €29.3m | €35.2m | ▲ 20.0% |
| Current assets29/58 | €909,451 | €3.5m | €1.9m | €2.5m | €3.5m | ▲ 40.6% |
| Amounts receivable within one year40/41 | €207 | €3.1m | €9,095 | €201 | €645,082 | ▲ 320,805% |
| Trade receivables40 | - | €142,429 | €5,868 | €0 | - | - |
| Other amounts receivable41 | - | €3.0m | €3,227 | €201 | €645,082 | ▲ 320,805% |
| Cash at bank and in hand54/58 | €888,393 | €206,097 | €1.2m | €958,017 | €195,204 | ▼ 79.6% |
| Deferred charges and accrued income490/1 | - | €220,329 | €724,027 | €1.6m | €2.7m | ▲ 73.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.2m | €13.3m | €26.3m | €31.9m | €38.7m | ▲ 21.3% |
| Equity10/15 | €9.9m | €10.0m | €23.3m | €31.1m | €35.7m | ▲ 14.8% |
| Contributions10/11 | €11.1m | €12.1m | €25.7m | €33.5m | €37.5m | ▲ 11.9% |
| Capital10 | - | €12.1m | €25.7m | €33.5m | €37.5m | ▲ 11.9% |
| Issued capital100 | - | €25.7m | €25.7m | €56.9m | €56.9m | = |
| Uncalled capital101 | - | €13.6m | €0 | €23.4m | €19.4m | ▼ 17.1% |
| Profit (loss) carried forward14 | -€1.2m | -€2.1m | -€2.4m | -€2.4m | -€1.8m | ▲ 24.9% |
| Amounts payable17/49 | €271,853 | €3.4m | €3.1m | €845,137 | €3.1m | ▲ 262% |
| Amounts payable within one year42/48 | €271,053 | €3.3m | €3.0m | €837,667 | €3.0m | ▲ 262% |
| Financial debts43 | - | €3.0m | €3.0m | €0 | €3.0m | - |
| Credit institutions430/8 | - | €3.0m | €3.0m | €0 | €3.0m | - |
| Trade debts44 | €271,053 | €337,880 | €11,749 | €260,667 | €7,875 | ▼ 97.0% |
| Suppliers440/4 | - | €337,880 | €11,749 | €260,667 | €7,875 | ▼ 97.0% |
| Advances received on contracts in progress46 | - | - | - | - | €7,500 | - |
| Taxes, remuneration and social security45 | - | - | - | €10,000 | €15,000 | ▲ 50.0% |
| Taxes450/3 | - | - | - | €5,000 | €5,000 | = |
| Remuneration and social security454/9 | - | - | - | €5,000 | €10,000 | ▲ 100% |
| Other amounts payable47/48 | - | - | - | €567,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €12,215 | €51,465 | €7,470 | €26,743 | ▲ 258% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.2m | -€970,664 | -€272,401 | -€3,103 | €599,114 | ▲ 19,406% |
| + Depreciation and write-downs630 | €55,251 | €66,318 | €66,318 | €67,581 | €67,854 | ▲ 0.4% |
| Operating cash flow (approximation) | -€1.1m | -€904,346 | -€206,083 | €64,478 | €666,967 | ▲ 934% |
| Investment in fixed assets (approximation) | - | -€626,318 | -€14.8m | -€5.1m | -€5.9m | ▼ 16.2% |
| Change in cash | - | -€682,297 | €964,328 | -€212,407 | -€762,814 | ▼ 259% |
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
2026
10-07
State Gazette act
Reappointments: Wellman BV (director) and BDO Bedrijfsrevisoren BV (statutory auditor)Power of attorney11 facts ▸
State Gazette act
Reappointments: Wellman BV (director) and BDO Bedrijfsrevisoren BV (statutory auditor)
Power of attorney11 facts ▸
- Board meeting, 23-03-2026
- Director reappointment, Wellman BV (director)
- Director reappointment, Wellman BV (managing director)
- Power of attorney, Julie Vanermen
- Power of attorney, Louis Clarys
- Power of attorney, Jan-Dante Dumon
- General meeting, 11-05-2026
- Auditor reappointment, BDO Bedrijfsrevisoren BV
- Power of attorney, Julie Vanermen
- Power of attorney, Jan-Dante Dumon
- Power of attorney, Louis Clarys
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €599,114
Net result €599,114 after 4 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 3.00
Current ratio from 0.63 to 3.00; short-term debt falls from €3.0m to €837,667.
31-12
Financial
Equity above €25mEq €31.1m ▲33.5%
Equity rises from €23.3m to €31.1m.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €10mEq €23.3m ▲134%
Equity rises from €10.0m to €23.3m.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2025
Board 1
Wellman BV
CurrentDirector · since 19-12-2025 · Legal entity · perm. rep.: Piet Van Waes
Day-to-day management 1
Wellman BV
CurrentManaging director · since 19-12-2025 · Legal entity · perm. rep.: Piet Van Waes
Permanent representatives 1
Piet Van Waes
CurrentPermanent representative · since 19-12-2025 · for Wellman BV
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentAuditor · since 11-05-2026 · perm. rep.: Veerle Catry
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2019
Ground area
7,043 m²
Building footprint
1,509 m²
Volume, LiDAR
3,533 m³
Parcel 44064B0246/00F000, Flanders · tallest building 13.4 m, ±1 floor. Linked by address, not a title deed.
92
companies at this address
See who is registered here
1 establishment unit
Well One
since 20192.297.949.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0246/00F000 | Flanders | 7,043 m² | 1 · 1,509 m² | 13.4 m · 1 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.
Mandate history
2 people since 2025, 2 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Wellman BV |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
Structure & network
Owners and holdings
3 owners · 5 holdingsOwners 3
-
26.37%
- Sourceaccounts ADMIDEP 20223.8%
- Sourceaccounts BMVH 20242.72%
Holdings 5
-
100%
-
100%
-
25%
-
15%
-
14.94%
According to the 2024 annual accounts of Well One and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 152 companies in sector 64310 we hold annual accounts for 74. 27 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
Founded18-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739788217
Also
9925:BE0739788217
Registered
27-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.