WELLO
WELLO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €84k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 31% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
| Equity | €29k |
| Net result | €84k |
| Better than sector | 31% |
| Active | 5 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.2% | 42.6% | |
| Net result | €84k | €6k | |
| Equity | €29k | €60k | |
| Gross operating margin | €126k | €29k | |
| Total assets | €167k | €175k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €126k | €37k | €733 | €14k | €29k |
| Net profit | €84k | €19k | €-7k | €5k | €20k |
| Cash flow | €100k | €31k | €-935 | €11k | €22k |
| Staff costs | - | - | - | - | - |
| Income taxes | €23k | €4k | - | €2k | €7k |
| Dividends | €96k | - | - | - | - |
| Total assets | €167k | €105k | €74k | €92k | €108k |
| Equity | €29k | €41k | €22k | €29k | €25k |
| Debt | €139k | €64k | €53k | €63k | €83k |
| of which ≤ 1y | €32k | €14k | €8k | €15k | €77k |
| of which > 1y | €103k | €48k | €43k | €47k | €7k |
| Working capital | €110k | €49k | €55k | €59k | €6k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.42 | 4.60 | 7.73 | 4.95 | 1.08 |
| Quick ratio | 4.42 | 4.60 | 7.73 | 4.95 | 1.08 |
| Working capital ratio | 65.8% | 47.2% | 73.3% | 64.0% | 5.9% |
| Solvency | 17.2% | 39.2% | 29.1% | 31.5% | 22.7% |
| Debt / equity | 4.82 | 1.55 | 2.43 | 2.17 | 3.40 |
| Long-term debt ratio | 3.60 | 1.16 | 1.98 | 1.63 | 0.27 |
| Interest coverage | 59.43 | 17.63 | 0.44 | 11.65 | 87.99 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 50.0% | 18.5% | -10.0% | 5.0% | 18.1% |
| ROE | 291.2% | 47.3% | -34.2% | 15.8% | 79.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €167k | €105k | €74k | €92k | €108k |
| Fixed assets | 21/28 | €25k | €42k | €12k | €18k | €25k |
| Tangible fixed assets | 22/27 | €25k | €42k | €12k | €18k | €25k |
| Current assets | 29/58 | €142k | €63k | €63k | €74k | €83k |
| Amounts receivable within one year | 40/41 | €53k | €19k | €31k | €46k | €17k |
| Cash & bank | 54/58 | €88k | €44k | €31k | €28k | €66k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €167k | €105k | €74k | €92k | €108k |
| Equity | 10/15 | €29k | €41k | €22k | €29k | €25k |
| Contributions / capital | 10/11 | €5k | €5k | €5k | €5k | €5k |
| Accumulated profits (losses) | 14 | €24k | €36k | €17k | €24k | €20k |
| Amounts payable | 17/49 | €139k | €64k | €53k | €63k | €83k |
| Amounts payable after one year | 17 | €103k | €48k | €43k | €47k | €7k |
| Amounts payable within one year | 42/48 | €32k | €14k | €8k | €15k | €77k |
| Trade debts payable within one year | 44 | €1k | €596 | €2k | €88 | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €126k | €38k | €842 | €14k | €29k |
| Operating result | 9901 | €109k | €26k | €-6k | €7k | €26k |
| Financial income | 75 | €0 | €0 | - | €121 | €0 |
| Financial charges | 65 | €2k | €2k | €2k | €1k | €325 |
| Result before taxes | 9903 | €107k | €24k | €-7k | €6k | €26k |
| Income taxes | 67/77 | €23k | €4k | - | €2k | €7k |
| Net result for the period | 9904 | €84k | €19k | €-7k | €5k | €20k |
| Result to be appropriated | 9905 | €84k | €19k | €-7k | €5k | €20k |
-
Amber PicavetDirectorState Gazette act 24172081 (05-12-2024)Current01-01-2025 → present
| NACE primary | Wholesale of cars and light vans (up to 3.5 tonnes)(46711) |
| Legal form | Private limited company(610) |
| Incorporation | 06-08-2021 |
| Status | Active |
| Postal code | 2340 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0155/00M000 | Flanders | 1,115 m² | 1 · 125 m² | 7.9 m · 1 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-12-2024 Amber Picavet appointed as director
- Amber Picavet, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Amber Picavet",
"address": "2340 Beerse Polendam 37",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": "2025-01-01",
"evidence_quote": "De algemene vergadering beslist tot de benoeming van Amber Picavet, met woonplaats te 2340 Beerse Polendam 37, als niet-statutaire bestuurder, en dit met ingang op 1/1/2025. Dit mandaat geldt voor onbepaalde duur. Het mandaat is onbezoldigd, tenzij de algemene vergadering daar met een gewone meerder",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-12-05",
"filing_date": "2024-11-26",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-11-22",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0772.338.843",
"name_full": "Wello",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Ismail Walid",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | WELLO |