WELLEMAN
ActiveWELLEMAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441k and a net result of €76k. Equity is growing by ~52% per year across the filed fiscal years. Its solvency ranks better than 51% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency97▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 3.39 in 2024), and 44.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.2%
Return on assets
9.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
51 d early
2023
1 d early
2022
41 d early
2021
4 d late
2020
23 d early
2019
24 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€441k▲ 17.3%
2024 · €376k
2018: €28k
2019: €37k
2020: €45k
2021: €122k
2022: €154k
2023: €219k
2024: €376k
2018 → 2025
Total assets
€798k▲ 66.1%
2024 · €481k
2018: €196k
2019: €205k
2020: €257k
2021: €279k
2022: €311k
2023: €316k
2024: €481k
2018 → 2025
Net result
€76k▼ 51.2%
2024 · €156k
2018: €1k
2019: €10k
2020: €8k
2021: €77k
2022: €32k
2023: €68k
2024: €156k
2018 → 2025
Working capital
€219k▼ 0.9%
2024 · €221k
2018: €-5k
2019: €-14k
2020: €-29k
2021: €-16k
2022: €4k
2023: €60k
2024: €221k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€154k▲ 26.6%€219k▲ 42.3%€376k▲ 71.4%€441k▲ 17.3%
Operating result€110k-€49k▼ 55.8%€95k▲ 96.2%€224k▲ 135%€114k▼ 48.8%
Net result€77k-€32k▼ 57.9%€68k▲ 111%€156k▲ 129%€76k▼ 51.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €798k
Fixed assets
€484k▲ 191%
Current assets
€314k▼ 0.1%
Equity and liabilities €798k
Equity
€441k▲ 17.3%
Debt
€357k▲ 241%
The debt ratio rises from 21.8% to 44.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€198k▼
2024 · €262k
Cash flow
€160k▼
2024 · €195k
Solvency
55.2%▼
2024 · 78.2%
Current ratio
3.32▼
2024 · 3.39
Quick ratio
3.31▼
2024 · 3.36
Debt / equity
0.81▲
2024 · 0.28
ROE
17.3%▼
2024 · 41.6%
ROA
9.6%▼
2024 · 32.6%
Interest coverage
21.57▼
2024 · 305.06
Debt
€357k▲
2024 · €105k
Debt ≤ 1 year
€94k▲
2024 · €93k
Debt > 1 year
€255k▲
2024 · €12k
Income taxes
€34k▼
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€481k€798k▲
Fixed assets21/28€166k€484k▲
Tangible fixed assets22/27€166k€483k▲
Land and buildings22€116k€458k▲
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€42k€21k▼
Financial fixed assets28€710€710=
Current assets29/58€314k€314k▼
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€3k€1k▼
Amounts receivable within one year40/41€80k€67k▼
Trade receivables40€66k€10k▼
Other amounts receivable41€14k€57k▲
Current investments50/53€140k-
Cash at bank and in hand54/58€91k€246k▲
Equity and liabilities
Total equity and liabilities10/49€481k€798k▲
Equity10/15€376k€441k▲
Contributions10/11€19k€19k=
Reserves13€354k€419k▲
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133€352k€419k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€105k€357k▲
Amounts payable after more than one year17€12k€255k▲
Financial debts170/4€12k€255k▲
Amounts payable within one year42/48€93k€94k▲
Current portion of amounts payable after more than one year42€13k€6k▼
Trade debts44€79k€89k▲
Suppliers440/4€79k€89k▲
Other amounts payable47/48€384-
Accrued charges and deferred income492/3€12€8k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€84k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€265k€203k▼
Operating profit (loss)9901€224k€114k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€860€9k▲
Recurring financial charges65€860€9k▲
Profit (loss) for the period before taxes9903€227k€110k▼
Income taxes67/77€70k€34k▼
Profit (loss) for the period9904€156k€76k▼
Profit (loss) for the period to be appropriated9905€156k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€80k▼
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2-€11k
Transfer to equity691/2€156k€76k▼
To other reserves6921€156k€76k▼
Profit to be distributed694/7-€11k
Return on contributions (dividend)694-€11k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €156k ▲129%
Operating result €224k, net result €156k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €219k ▲42.3%
6 profitable years in a row build equity to €219k.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €154k ▲26.6%
5 profitable years in a row build equity to €154k.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
30-09
Financial
Equity above €100kEq €122k ▲172%
4 profitable years in a row build equity to €122k.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mortsel · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vredebaan 832640 MortselGround area
375 m²
Building footprint
278 m²
Volume, LiDAR
1,810 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Welleman
since 20032.133.632.190
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0067/00H003 | Flanders | 204 m² | 1 · 193 m² | 10.4 m · 1 fl. |
| 11513C0094/00G015 | Flanders | 170 m² | 1 · 85 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PSLAB
BE 0472.423.553
Antwerpen · Eq €441k
MZ & ASSOCIES
BE 0835.467.631
Beaumont · Eq €441k
STAND IMAGE
BE 0429.053.269
Sint-Pieters-Leeuw · Eq €441k
GO - 4 - IT
BE 0465.888.327
Leuven · Eq €437k
INTERIEURBUREAU WILLE
BE 0464.182.513
Aalter · Eq €436k
Of 3,910 companies in sector 71112 we hold annual accounts for 1,290. 737 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2003
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
27510Manufacture of electrical equipment
28210Manufacture of machinery and equipment not elsewhere classified
29720
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36111
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
45250
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.