WELLDPACK
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 27-06-2024 PDF all 14 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €850,000
Estimated: probably between €510,000 and €1.4m
Total assets
€1.4m▼ 6.7%
2022 · €1.5m
Net result
€42,420▲ 791%
2022 · €4,763
Working capital
-€872,882▲ 14.0%
2022 · -€1.0m
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€103,283
▲ 535%
2023
20182023
Net result
€42,420
▲ 791%
2023
20182023
Equity
€78,133
▲ 119%
2023
20182023
Total assets
€1.4m
▼ 6.7%
2023
20182023
Debt
€1.3m
▼ 9.8%
2023
20182023
Working capital
-€872,882
▲ 14.0%
2023
20182023
Staff (FTE)
3.1
▼ 39.2%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.01m--€0.08m€0.06m€0.09m▲ 52.9%€0.02m▼ 81.6%€0.1m▲ 535%
Net result€0.01m--€0.08m€0.04m€0.09m▲ 156%€0.005m▼ 94.8%€0.04m▲ 791%
Equity-€0.02m--€0.1m▼ 364%-€0.06m▲ 37.2%€0.03m€0.04m▲ 15.4%€0.08m▲ 119%
Total assets€0.4m-€0.3m▼ 5.6%€0.4m▲ 20.1%€0.4m=€1.5m▲ 273%€1.4m▼ 6.7%
Debt€0.4m-€0.4m▲ 14.7%€0.5m▲ 7.4%€0.4m▼ 19.8%€1.5m▲ 294%€1.3m▼ 9.8%
Working capital€0.02m--€0.05m-€0.02m▲ 53.2%€0.005m-€1.0m-€0.9m▲ 14.0%
Staff (FTE)6.2-6▼ 3.2%5▼ 16.7%5.2▲ 4.0%5.1▼ 1.9%3.1▼ 39.2%
The operating result for 2023 is over 6.3 times that of 2022 and the highest since 2019. It is a recovery after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.4m
Fixed assets
€951,016 ▼ 9.6%
Current assets
€453,297 ▼ 0.2%
Equity and liabilities €1.4m
Equity
€78,133 ▲ 119%
Debt
€1.3m ▼ 9.8%
Debt's share of the balance-sheet total falls from 97.6% to 94.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€197,095▲
2022 · €103,484
Cash flow
€136,232▲
2022 · €91,970
Current ratio
0.34▲
2022 · 0.31
Debt to equity
16.97▼
2022 · 41.16
ROE
54.3%▲
2022 · 13.3%
ROA
3.0%▲
2022 · 0.3%
Interest coverage
3.77▼
2022 · 10.22
Debt ≤ 1 year
€1.3m▼
2022 · €1.5m
Income taxes
€8,962▲
2022 · €1,538
Staff costs
€150,095▼
2022 · €231,189
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | - | 3 |
| full-time | - | 3 |
| in full-time equivalents | - | 3 |
| Average over the year, in full-time equivalents | 5.2 | 5.1 |
| On a permanent contract | - | 1 |
| Joined | 5 | 3 |
| Left | 4 | 6 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 30-12-2023 |
|---|---|---|---|
| Tangible fixed assets | €29,541 | €976,569 | - |
| Financial fixed assets | €3,500 | €1,650 | - |
| Depreciation and write-downs of the year | €43,795 | €87,207 | €93,812 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €203,002 | €231,189 | €150,095 | ▼ 35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,775 | €59,613 | €39,954 | €43,795 | €87,207 | €93,812 | ▲ 7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €11,522 | - | - |
| Other operating charges640/8 | - | - | - | €5,060 | €4,620 | €5,679 | ▲ 22.9% |
| Non-recurring operating charges66A | - | - | - | €4,208 | - | €6,721 | - |
| Gross operating margin9900 | €452,429 | €154,630 | €291,167 | €344,377 | €350,814 | €359,590 | ▲ 2.5% |
| Operating profit (loss)9901 | €13,871 | -€83,328 | €57,769 | €88,311 | €16,276 | €103,283 | ▲ 535% |
| Financial income75/76B | - | - | - | - | €151 | €388 | ▲ 157% |
| Recurring financial income75 | €809 | €957 | €735 | - | €151 | €388 | ▲ 157% |
| Financial charges65/66B | - | - | - | €6,744 | €10,126 | €52,289 | ▲ 416% |
| Recurring financial charges65 | €4,938 | €3,314 | €2,668 | €6,744 | €10,126 | €52,289 | ▲ 416% |
| Profit (loss) for the period before taxes9903 | €9,742 | -€85,684 | €55,835 | €81,567 | €6,301 | €51,382 | ▲ 715% |
| Income taxes67/77 | - | -€10,000 | €20,000 | -€10,000 | €1,538 | €8,962 | ▲ 483% |
| Profit (loss) for the period9904 | €9,742 | -€75,684 | €35,835 | €91,567 | €4,763 | €42,420 | ▲ 791% |
| Profit (loss) for the period to be appropriated9905 | €9,742 | -€75,684 | €35,835 | €91,567 | €4,763 | €42,420 | ▲ 791% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.4m | €0.3m | €0.4m | €0.4m | €1.5m | €1.4m | ▼ 6.7% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.2m | €0.2m | €1.1m | €1.0m | ▼ 9.6% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.2m | €0.2m | €1.0m | €0.9m | ▼ 9.6% |
| Land and buildings22 | - | - | - | €0.02m | €0.9m | €0.9m | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.07m | ▼ 34.4% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.001m | ▼ 33.3% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.005m | €0.006m | €0.006m | = |
| Current assets29/58 | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▼ 0.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.1m | €0.5m | €0.5m | ▼ 0.2% |
| Trade receivables40 | - | - | - | €0.1m | €0.4m | €0.4m | ▲ 21.7% |
| Other amounts receivable41 | - | - | - | - | €0.09m | €0.02m | ▼ 82.9% |
| Cash at bank and in hand54/58 | €0.06m | €0.04m | €0.05m | €0.1m | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €30 | €81 | ▲ 167% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.4m | €0.3m | €0.4m | €0.4m | €1.5m | €1.4m | ▼ 6.7% |
| Equity10/15 | -€0.02m | -€0.1m | -€0.06m | €0.03m | €0.04m | €0.08m | ▲ 119% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | - | - | - |
| Issued capital100 | - | - | - | €0.07m | - | - | - |
| Profit (loss) carried forward14 | -€0.09m | -€0.2m | -€0.1m | -€0.04m | -€0.03m | €0.01m | - |
| Amounts payable17/49 | €0.4m | €0.4m | €0.5m | €0.4m | €1.5m | €1.3m | ▼ 9.8% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.1m | - | - | - |
| Financial debts170/4 | - | - | - | €0.1m | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.2m | €1.5m | €1.3m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | - | - | - |
| Financial debts43 | - | - | - | - | €0.006m | €0.001m | ▼ 84.8% |
| Credit institutions430/8 | - | - | - | - | €0.006m | €0.001m | ▼ 84.8% |
| Trade debts44 | €0.1m | €0.1m | €0.2m | €0.06m | €0.3m | €0.05m | ▼ 81.1% |
| Suppliers440/4 | - | - | - | €0.06m | €0.3m | €0.05m | ▼ 81.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.02m | €0.06m | ▲ 260% |
| Taxes450/3 | - | - | - | €0.02m | €0.002m | €0.04m | ▲ 21× |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.02m | ▲ 17.8% |
| Other amounts payable47/48 | - | - | - | €0.1m | €1.2m | €1.2m | ▲ 4.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €432 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,742 | -€75,684 | €35,835 | €91,567 | €4,763 | €42,420 | ▲ 791% |
| + Depreciation and write-downs630 | €110,775 | €59,613 | €39,954 | €43,795 | €87,207 | €93,812 | ▲ 7.6% |
| Operating cash flow (approximation) | €120,517 | -€16,071 | €75,789 | €135,362 | €91,970 | €136,232 | ▲ 48.1% |
| Investment in fixed assets (approximation) | - | -€77,286 | -€92,859 | -€27,731 | -€978,219 | €6,721 | - |
| Change in cash | - | -€26,045 | €11,542 | €75,089 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-12-2023 | abbreviated format | 27-06-2024 | 2024-00197707 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00224273 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20073007 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-33900239 | |
| 31-12-2019 | abbreviated format | 10-09-2020 | 2020-52200342 | |
| 31-12-2018 | abbreviated format | 03-07-2019 | 2019-28300277 | |
| 30-06-2017 | abbreviated format | 13-11-2017 | 2017-69600194 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71400262 | |
| 30-06-2015 | abbreviated format | 13-01-2016 | 2016-01700438 | |
| 30-06-2014 | abbreviated format | 09-02-2015 | 2015-03900387 |