WELLE SERVICES
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 55% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €22,314 | - |
| Depreciation and write-downs of the year | €7,438 | €7,438 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €7,174 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,438 | €7,438 | = |
| Other operating charges640/8 | €1,741 | €227 | ▼ 87.0% |
| Gross operating margin9900 | €30,987 | €17,422 | ▼ 43.8% |
| Operating profit (loss)9901 | €21,808 | €9,757 | ▼ 55.3% |
| Financial charges65/66B | €24,338 | €11,620 | ▼ 52.3% |
| Recurring financial charges65 | €24,338 | €11,620 | ▼ 52.3% |
| Profit (loss) for the period before taxes9903 | -€2,530 | -€1,863 | ▲ 26.4% |
| Profit (loss) for the period9904 | -€2,530 | -€1,863 | ▲ 26.4% |
| Profit (loss) for the period to be appropriated9905 | -€2,530 | -€1,863 | ▲ 26.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,916 | €10,411 | ▼ 47.7% |
| Fixed assets21/28 | €14,876 | €7,438 | ▼ 50.0% |
| Tangible fixed assets22/27 | €14,876 | €7,438 | ▼ 50.0% |
| Furniture and vehicles24 | €14,876 | €7,438 | ▼ 50.0% |
| Current assets29/58 | €5,040 | €2,973 | ▼ 41.0% |
| Cash at bank and in hand54/58 | €4,743 | €1,599 | ▼ 66.3% |
| Deferred charges and accrued income490/1 | €297 | €1,374 | ▲ 362% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,916 | €10,411 | ▼ 47.7% |
| Equity10/15 | €7,470 | €5,607 | ▼ 24.9% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€2,530 | -€4,393 | ▼ 73.6% |
| Amounts payable17/49 | €12,446 | €4,803 | ▼ 61.4% |
| Amounts payable within one year42/48 | €12,446 | €4,803 | ▼ 61.4% |
| Trade debts44 | €8,664 | €4,529 | ▼ 47.7% |
| Suppliers440/4 | €8,664 | €4,529 | ▼ 47.7% |
| Taxes, remuneration and social security45 | €769 | €274 | ▼ 64.4% |
| Taxes450/3 | €769 | €274 | ▼ 64.4% |
| Other amounts payable47/48 | €3,014 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,530 | -€1,863 | ▲ 26.4% |
| + Depreciation and write-downs630 | €7,438 | €7,438 | = |
| Operating cash flow (approximation) | €4,908 | €5,575 | ▲ 13.6% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€3,144 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as WELLE SERVICES has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WELLE SERVICES itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for WELLE SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.