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WELLMAN

Active Risk: not assessed
Private limited companyfounded 20196 yrs activeKortrijksesteenweg 48, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0738.648.367
Summary

WELLMAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €133,994 and a net result of -€23,611. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 55% of 1501 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
on the day
2024
69 d early
2023
37 d early
2022
26 d early
2021
31 d late
2020
67 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 July (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 December 2019, WELLMAN was incorporated as a Private limited company.1 Total assets went from EUR 354,088 in 2020 to EUR 304,311 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€133,994▼ 15.0%
2024 · €157,605
Net result
-€23,611
2024 · €14,553
Total assets
€304,311▼ 5.8%
2024 · €323,060
Solvency
44.0%▼ 4.8pp
2024 · 48.8%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€117,322▼ 31.8%-€171,038€107,731€14,793▼ 86.3%-€23,784
Net result€86,955within the sector's middle half▼ 27.6%-€173,810below the sector's middle half€104,801within the sector's middle half€14,553below the sector's middle half▼ 86.1%-€23,611below the sector's middle half
Equity€212,061within the sector's middle half▲ 69.5%€38,252below the sector's middle half▼ 82.0%€143,052within the sector's middle half▲ 274%€157,605within the sector's middle half▲ 10.2%€133,994within the sector's middle half▼ 15.0%
Total assets€528,821within the sector's middle half▲ 49.3%€148,001below the sector's middle half▼ 72.0%€446,010below the sector's middle half▲ 201%€323,060below the sector's middle half▼ 27.6%€304,311below the sector's middle half▼ 5.8%
Debt€316,760▲ 38.3%€109,749▼ 65.4%€302,958▲ 176%€165,455▼ 45.4%€170,316▲ 2.9%
Working capital€124,987within the sector's middle half▲ 9.5%-€46,367below the sector's middle half€26,678within the sector's middle half€15,678within the sector's middle half▼ 41.2%-€11,959within the sector's middle half
Solvency40.1%within the sector's middle half▲ 4.8pp25.8%within the sector's middle half▼ 14.3pp32.1%within the sector's middle half▲ 6.2pp48.8%within the sector's middle half▲ 16.7pp44.0%within the sector's middle half▼ 4.8pp
Current ratio1.40within the sector's middle half▼ 0.100.57below the sector's middle half▼ 0.831.09within the sector's middle half▲ 0.521.10within the sector's middle half▲ 0.010.93within the sector's middle half▼ 0.17
Return on assets (ROA)16.4%within the sector's middle half▼ 17.5pp-117.4%below the sector's middle half▼ 133.9pp23.5%above the sector's middle half▲ 140.9pp4.5%within the sector's middle half▼ 19.0pp-7.8%below the sector's middle half▼ 12.3pp
Staff (FTE)0.9below the sector's middle half0below the sector's middle half▼ 100%
above within below the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2021: €117,322€117,322Net result 2021: €86,955€86,955Operating result 2022: -€171,038-€171,038Net result 2022: -€173,810-€173,810Operating result 2023: €107,731€107,731Net result 2023: €104,801€104,801Operating result 2024: €14,793€14,793Net result 2024: €14,553€14,553Operating result 2025: -€23,784-€23,784Net result 2025: -€23,611-€23,61120212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €107,731€108,000Net result 2023: €104,801€105,000Operating result 2024: €14,793€14,800Net result 2024: €14,553€14,600Operating result 2025: -€23,784-€23,800Net result 2025: -€23,611-€23,600202320242025
The operating result turns negative in 2025: a loss of €23,784 after €14,793 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304,311
Fixed assets €146,140 ▲ 1.4%
Current assets €158,171 ▼ 11.6%
Equity and liabilities €304,311
Equity €133,994 ▼ 15.0%
Debt €170,316 ▲ 2.9%
Debt's share of the balance-sheet total rises from 51.2% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-17.6%▼
2024 · 9.2%
Debt ≤ 1 year
€170,130▲
2024 · €163,242
Staff costs
€0▼
2024 · €31
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€323,060€304,311▼
Fixed assets21/28€144,140€146,140▲
Financial fixed assets28€144,140€146,140▲
Current assets29/58€178,920€158,171▼
Amounts receivable within one year40/41€47,984€157,217▲
Trade receivables40€45,498€115,217▲
Other amounts receivable41€2,486€42,000▲
Cash at bank and in hand54/58€130,932€374▼
Deferred charges and accrued income490/1€5€580▲
Equity and liabilities
Total equity and liabilities10/49€323,060€304,311▼
Equity10/15€157,605€133,994▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€152,605€128,994▼
Amounts payable17/49€165,455€170,316▲
Amounts payable within one year42/48€163,242€170,130▲
Trade debts44€163,242€161,105▼
Suppliers440/4€163,242€161,105▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€0€9,025▲
Accrued charges and deferred income492/3€2,213€186▼
Income statement Code20242025
Remuneration, social security and pensions62€31€0▼
Other operating charges640/8€638€654▲
Gross operating margin9900€15,461-€23,130▼
Operating profit (loss)9901€14,793-€23,784▼
Financial income75/76B€5€580▲
Recurring financial income75€5€580▲
Financial charges65/66B€245€407▲
Recurring financial charges65€245€407▲
Profit (loss) for the period before taxes9903€14,553-€23,611▼
Income taxes67/77€0-
Profit (loss) for the period9904€14,553-€23,611▼
Profit (loss) for the period to be appropriated9905€14,553-€23,611▼
Appropriation of the result
Profit (loss) to be appropriated9906€152,605€128,994▼
Profit (loss) brought forward from the previous period14P€138,052€152,605▲
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62--€54,690€31€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,949€0----
Other operating charges640/8€468€502€911€638€654▲ 2.5%
Gross operating margin9900€128,740-€170,536€163,332€15,461-€23,130▼ 250%
Operating profit (loss)9901€117,322-€171,038€107,731€14,793-€23,784▼ 261%
Financial income75/76B€97€68€4€5€580▲ 11,809%
Recurring financial income75€97€68€4€5€580▲ 11,809%
Financial charges65/66B€532€2,840€2,800€245€407▲ 66.4%
Recurring financial charges65€532€2,840€2,800€245€407▲ 66.4%
Profit (loss) for the period before taxes9903€116,888-€173,810€104,936€14,553-€23,611▼ 262%
Income taxes67/77€29,934€0€135€0--
Profit (loss) for the period9904€86,955-€173,810€104,801€14,553-€23,611▼ 262%
Profit (loss) for the period to be appropriated9905€86,955-€173,810€104,801€14,553-€23,611▼ 262%
Line20212022202320242025Change
Assets
Total assets20/58€528,821€148,001€446,010€323,060€304,311▼ 5.8%
Formation expenses20€0-----
Fixed assets21/28€87,500€87,500€121,500€144,140€146,140▲ 1.4%
Financial fixed assets28€87,500€87,500€121,500€144,140€146,140▲ 1.4%
Current assets29/58€441,321€60,501€324,510€178,920€158,171▼ 11.6%
Amounts receivable within one year40/41€362,816€42,326€319,539€47,984€157,217▲ 228%
Trade receivables40€350,816€42,326€317,378€45,498€115,217▲ 153%
Other amounts receivable41€12,000€0€2,162€2,486€42,000▲ 1,589%
Cash at bank and in hand54/58€78,408€17,550€4,971€130,932€374▼ 99.7%
Deferred charges and accrued income490/1€96€625€0€5€580▲ 11,809%
Equity and liabilities
Total equity and liabilities10/49€528,821€148,001€446,010€323,060€304,311▼ 5.8%
Equity10/15€212,061€38,252€143,052€157,605€133,994▼ 15.0%
Contributions10/11€5,000€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€207,061€33,252€138,052€152,605€128,994▼ 15.5%
Amounts payable17/49€316,760€109,749€302,958€165,455€170,316▲ 2.9%
Amounts payable within one year42/48€316,334€106,868€297,832€163,242€170,130▲ 4.2%
Trade debts44€244,340€41,252€214,670€163,242€161,105▼ 1.3%
Suppliers440/4€244,340€41,252€214,670€163,242€161,105▼ 1.3%
Taxes, remuneration and social security45€34,994€2,122€135€0--
Taxes450/3€34,994€2,122€135€0--
Other amounts payable47/48€37,000€63,494€83,027€0€9,025-
Accrued charges and deferred income492/3€426€2,881€5,126€2,213€186▼ 91.6%
Line20212022202320242025Change
Profit (loss) for the period9904€86,955-€173,810€104,801€14,553-€23,611▼ 262%
+ Depreciation and write-downs630€10,949€0----
Operating cash flow (approximation)€97,904-€173,810€104,801€14,553-€23,611▼ 262%
Investment in fixed assets (approximation)-€0-€34,000-€22,640-€2,000▲ 91.2%
Change in cash--€60,859-€12,579€125,961-€130,558▼ 204%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Equity above €150,000Eq €157,605 ▲10.2%
2 profitable years in a row build equity to €157,605.
24-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €104,801
Net result €104,801 after one loss-making year.
31-12
Financial Equity above €100,000Eq €143,052 ▲274%
Equity rises from €38,252 to €143,052.
05-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€173,810
Net result drops to -€173,810, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial Equity above €200,000Eq €212,061 ▲69.5%
2 profitable years in a row build equity to €212,061.
25-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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
Registered office, Sint-Martens-Latem · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
7,043 m²
Building footprint
1,509 m²
Volume, LiDAR
3,533 m³
Parcel 44064B0246/00F000, Flanders · tallest building 13.4 m, ±1 floor. Linked by address, not a title deed.
92 companies at this address See who is registered here
1 establishment unit
WELLMAN
Kortrijksesteenweg 48, 9830 Sint-Martens-LatemOther activities auxiliary to financial services, excluding insurance and pension funding
since 20192.297.851.410
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0246/00F000 Flanders 7,043 m² 1 · 1,509 m² 13.4 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. VERO INVEST 60%
  2. WELLMAN

Highest known parent: VERO INVEST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,506 companies in sector 66199 we hold annual accounts for 922. 640 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0738648367
Also 9925:BE0738648367
Registered 27-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.