WELL'S DIFFUSION
InactiveWELL'S DIFFUSION was declared bankrupt on 02-12-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 10-06-2025, published in the Belgian State Gazette on 24-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Four 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 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 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-09-2022, 46 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
46 d late
2020
45 d late
2019
112 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Equity
€133k▼ 10.9%
2020 · €149k
2018: €-46klowest in 4 years
2019: €78k▲ +269% vs 2018
2020: €149k▲ +92.5% vs 2019highest in 4 years
2021: €133k▼ -10.9% vs 2020
2018 → 2021
Total assets
€255k▲ 20.9%
2020 · €211k
2018: €160klowest in 4 years
2019: €408k▲ +155% vs 2018highest in 4 years
2020: €211k▼ -48.2% vs 2019
2021: €255k▲ +20.9% vs 2020
2018 → 2021
Net result
€-16k
2020 · €72k
2018: €101k
2019: €123k▲ +22.2% vs 2018highest in 4 years
2020: €72k▼ -41.9% vs 2019
2021: €-16k▼ -123% vs 2020lowest in 4 years
2018 → 2021
Working capital
€133k▼ 10.9%
2020 · €149k
2018: €-138klowest in 4 years
2019: €31k▲ +123% vs 2018
2020: €149k▲ +377% vs 2019highest in 4 years
2021: €133k▼ -10.9% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-46k-€78k€149k▲ 92.5%€133k▼ 10.9%
2018: €-46klowest in 4 years
2019: €78k▲ +269% vs 2018
2020: €149k▲ +92.5% vs 2019highest in 4 years
2021: €133k▼ -10.9% vs 2020
Operating result€104k-€124k▲ 18.5%€72k▼ 41.9%€-16k
2018: €104k
2019: €124k▲ +18.5% vs 2018highest in 4 years
2020: €72k▼ -41.9% vs 2019
2021: €-16k▼ -122% vs 2020lowest in 4 years
Net result€101k-€123k▲ 22.2%€72k▼ 41.9%€-16k
2018: €101k
2019: €123k▲ +22.2% vs 2018highest in 4 years
2020: €72k▼ -41.9% vs 2019
2021: €-16k▼ -123% vs 2020lowest in 4 years
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 €16k after €72k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €255k
Fixed assets
€166 =
Current assets
€255k ▲ 20.9%
Equity and liabilities €255k
Equity
€133k ▼ 10.9%
Debt
€122k ▲ 97.7%
Debt's share of the balance-sheet total rises from 29.3% to 47.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.09▼
2020 · 3.42
Debt to equity
0.92
ROE
-12.2%▼
2020 · 48.0%
ROA
-6.4%▼
2020 · 34.0%
Debt ≤ 1 year
€122k▲
2020 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€211k€255k▲
Fixed assets21/28€166€166=
Financial fixed assets28€166€166=
Current assets29/58€211k€255k▲
Amounts receivable within one year40/41€207k€255k▲
Trade receivables40-€255k
Cash at bank and in hand54/58€4k-
Deferred charges and accrued income490/1-€370
Equity and liabilities
Total equity and liabilities10/49€211k€255k▲
Equity10/15€149k€133k▼
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Reserves13€90k€90k=
Non-distributable reserves130/1-€3k
Legal reserve130-€3k
Distributable reserves133-€87k
Profit (loss) carried forward14€-2k€-18k▼
Amounts payable17/49€62k€122k▲
Amounts payable within one year42/48€62k€122k▲
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€56k€87k▲
Suppliers440/4-€87k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€24k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k-
Other operating charges640/8-€691
Gross operating margin9900€118k€-15k▼
Operating profit (loss)9901€72k€-16k▼
Financial charges65/66B-€288
Recurring financial charges65-€288
Profit (loss) for the period before taxes9903€72k€-16k▼
Profit (loss) for the period9904€72k€-16k▼
Profit (loss) for the period to be appropriated9905€72k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-18k
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €46k | €46k | - | - |
| Other operating charges640/8 | - | - | - | €691 | - |
| Gross operating margin9900 | €150k | €170k | €118k | €-15k | ▼ 113% |
| Operating profit (loss)9901 | €104k | €124k | €72k | €-16k | ▼ 122% |
| Financial charges65/66B | - | - | - | €288 | - |
| Recurring financial charges65 | - | €48 | - | €288 | - |
| Profit (loss) for the period before taxes9903 | €104k | €123k | €72k | €-16k | ▼ 123% |
| Income taxes67/77 | €3k | - | - | - | - |
| Profit (loss) for the period9904 | €101k | €123k | €72k | €-16k | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €101k | €123k | €72k | €-16k | ▼ 123% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €160k | €408k | €211k | €255k | ▲ 20.9% |
| Fixed assets21/28 | €92k | €46k | €166 | €166 | = |
| Intangible fixed assets21 | €92k | €46k | - | - | - |
| Financial fixed assets28 | €166 | €166 | €166 | €166 | = |
| Current assets29/58 | €68k | €361k | €211k | €255k | ▲ 20.9% |
| Amounts receivable within one year40/41 | €65k | €357k | €207k | €255k | ▲ 23.1% |
| Trade receivables40 | - | - | - | €255k | - |
| Cash at bank and in hand54/58 | €3k | €4k | €4k | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €370 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €160k | €408k | €211k | €255k | ▲ 20.9% |
| Equity10/15 | €-46k | €78k | €149k | €133k | ▼ 10.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | - |
| Issued capital100 | - | - | - | €62k | - |
| Reserves13 | €90k | €90k | €90k | €90k | = |
| Non-distributable reserves130/1 | - | - | - | €3k | - |
| Legal reserve130 | - | - | - | €3k | - |
| Distributable reserves133 | - | - | - | €87k | - |
| Profit (loss) carried forward14 | €-197k | €-74k | €-2k | €-18k | ▼ 727% |
| Amounts payable17/49 | €206k | €330k | €62k | €122k | ▲ 97.7% |
| Amounts payable within one year42/48 | €206k | €330k | €62k | €122k | ▲ 97.7% |
| Financial debts43 | - | - | - | €7k | - |
| Credit institutions430/8 | - | - | - | €7k | - |
| Trade debts44 | - | €179k | €56k | €87k | ▲ 54.2% |
| Suppliers440/4 | - | - | - | €87k | - |
| Taxes, remuneration and social security45 | - | - | - | €4k | - |
| Taxes450/3 | - | - | - | €4k | - |
| Other amounts payable47/48 | - | - | - | €24k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €123k | €72k | €-16k | ▼ 123% |
| + Depreciation and write-downs630 | €46k | €46k | €46k | - | - |
| Operating cash flow (approximation) | €147k | €170k | €118k | €-16k | ▼ 114% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €1k | €0 | - | - |
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
24-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 10-06-2025
07-05
KBO administration
Address struck
2024
11-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-12-2024
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 3.42
Current ratio from 1.09 to 3.42; short-term debt falls from €330k to €62k.
31-12
Financial
Equity above €100kEq €149k ▲92.5%
3 profitable years in a row build equity to €149k.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Highest result since 2018net €123k ▲22.2%
Operating result €124k, net result €123k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.09
Current ratio from 0.33 to 1.09.
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 127 days late
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 315 days late
2017
11-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 103 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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 | GUILLAUME SNEESSENS RUE SOUVERAINE 95,
1050 IXELLES |
02-12-2024 → 10-06-2025 |
Identification & contact
Identification
Legal formSA
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.