Wellcon
ActiveSummary
For Wellcon, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €177,156 and a net result of -€15,305. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability8▼-59
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
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
Five 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 2022Solvency, return and age of the figures
Solvency
97%
Return on assets
-8.4%
Age of the figures
45 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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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
31 d late
2021
31 d early
2020
34 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 33 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
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Financials · fiscal year 2022, micro schema
Equity
€177,156▼ 8.0%
2021 · €192,461
Total assets
€182,608▼ 5.1%
2021 · €192,461
Net result
-€15,305▼ 554%
2021 · -€2,342
Working capital
€84,570▼ 23.3%
2018 · €110,303
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
Line20182019202020212022
Operating result€23,259-€11,128▼ 52.2%€75▼ 99.3%-€2,131-€15,065▼ 607%
Net result€15,834-€7,756▼ 51.0%-€74-€2,342▼ 3,060%-€15,305▼ 554%
Equity€187,121-€194,877▲ 4.1%€194,803=€192,461▼ 1.2%€177,156▼ 8.0%
Total assets€194,402-€194,877▲ 0.2%€194,803=€192,461▼ 1.2%€182,608▼ 5.1%
Debt€7,281-€5,452
Working capital€110,303-€84,570
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,065 in 2022 against €2,131 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €182,608
Fixed assets
€92,587 ▲ 1.8%
Current assets
€90,022 ▼ 11.3%
Equity and liabilities €182,608
Equity
€177,156
Debt
€5,452
Debt finances 3.0% of the balance-sheet total.
Key figures and ratios
EBITDA
-€4,660▼
2021 · €5,321
Cash flow
-€4,900▼
2021 · €5,111
Current ratio
16.51
Debt to equity
0.03
ROE
-8.6%▼
2021 · -1.2%
ROA
-8.4%▼
2021 · -1.2%
Interest coverage
-19.46▼
2021 · 25.12
Debt ≤ 1 year
€5,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,978 | €6,140 | €6,198 | €7,452 | €10,405 | ▲ 39.6% |
| Other operating charges640/8 | - | - | - | €5,777 | €10,512 | ▲ 82.0% |
| Gross operating margin9900 | €33,235 | €26,668 | €22,867 | €11,098 | €5,852 | ▼ 47.3% |
| Operating profit (loss)9901 | €23,259 | €11,128 | €75 | -€2,131 | -€15,065 | ▼ 607% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €56 | €56 | €56 | €1 | - | - |
| Financial charges65/66B | - | - | - | €212 | €239 | ▲ 13.0% |
| Recurring financial charges65 | €192 | €192 | €205 | €212 | €239 | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | €23,124 | €10,993 | -€74 | -€2,342 | -€15,305 | ▼ 554% |
| Income taxes67/77 | €7,290 | €3,237 | - | - | - | - |
| Profit (loss) for the period9904 | €15,834 | €7,756 | -€74 | -€2,342 | -€15,305 | ▼ 554% |
| Profit (loss) for the period to be appropriated9905 | €15,834 | €7,756 | -€74 | -€2,342 | -€15,305 | ▼ 554% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,402 | €194,877 | €194,803 | €192,461 | €182,608 | ▼ 5.1% |
| Fixed assets21/28 | €76,818 | €71,779 | €65,580 | €90,968 | €92,587 | ▲ 1.8% |
| Tangible fixed assets22/27 | €76,818 | €71,779 | €65,580 | €90,968 | €92,572 | ▲ 1.8% |
| Land and buildings22 | - | - | - | €90,470 | €92,293 | ▲ 2.0% |
| Plant, machinery and equipment23 | - | - | - | €498 | €278 | ▼ 44.1% |
| Financial fixed assets28 | - | - | - | - | €15 | - |
| Current assets29/58 | €117,584 | €123,098 | €129,222 | €101,493 | €90,022 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €34,113 | €46,722 | €47,254 | €31,475 | €26,794 | ▼ 14.9% |
| Trade receivables40 | - | - | - | €10,051 | €9,791 | ▼ 2.6% |
| Other amounts receivable41 | - | - | - | €21,424 | €17,002 | ▼ 20.6% |
| Current investments50/53 | €51,245 | €51,293 | €51,341 | €51,350 | €51,351 | = |
| Cash at bank and in hand54/58 | €32,217 | €25,074 | €30,408 | €18,667 | €11,068 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1 | €809 | ▲ 74,795% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,402 | €194,877 | €194,803 | €192,461 | €182,608 | ▼ 5.1% |
| Equity10/15 | €187,121 | €194,877 | €194,803 | €192,461 | €177,156 | ▼ 8.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €168,521 | €176,277 | €176,203 | €173,861 | €158,556 | ▼ 8.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €172,001 | €156,696 | ▼ 8.9% |
| Amounts payable17/49 | €7,281 | - | - | - | €5,452 | - |
| Amounts payable within one year42/48 | €7,281 | - | - | - | €5,452 | - |
| Trade debts44 | - | - | - | - | €5,452 | - |
| Suppliers440/4 | - | - | - | - | €5,452 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,834 | €7,756 | -€74 | -€2,342 | -€15,305 | ▼ 554% |
| + Depreciation and write-downs630 | €5,978 | €6,140 | €6,198 | €7,452 | €10,405 | ▲ 39.6% |
| Operating cash flow (approximation) | €21,812 | €13,896 | €6,124 | €5,111 | -€4,900 | ▼ 196% |
| Investment in fixed assets (approximation) | - | -€1,100 | €0 | -€32,840 | -€12,023 | ▲ 63.4% |
| Change in cash | - | -€7,143 | €5,334 | -€11,741 | -€7,598 | ▲ 35.3% |
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
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€15,305
Net result drops to -€15,305, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oudenaarde · 1 establishment unit since 1979
Ground area
3,144 m²
Building footprint
380 m²
Volume, LiDAR
2,405 m³
2 parcels, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Doornstraat 8, 9870 Zulte
since 19792.015.639.412
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081A0076/00E002 | Flanders | 2,001 m² | 1 · 194 m² | 16.8 m · 4 fl. |
| 45035C0368/02S056 | Flanders | 1,143 m² | 1 · 186 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-12-1978
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?
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.