Payment terms
45 days to suppliers
Welltech pays its suppliers 21 days later than in 2024. Customers pay 410 days earlier.
Welltech
Lifetime
6 annual accounts with figures on one time axis, 7 filings since 2019peak €20,960 (2025)
€20,960▲ 49.0%
lowest -€7,497 (2021)
€2,447▲ 9.5%
peak €4,146 (2025)
€4,146▲ €16,015
€8,323▼ 75.1%
Board4 names since 2019
2 directorsKAVAK Savas and 1 other
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Turnover from €14,070 to €20,960Gross margin from €2,975 to €4,613Equity from -€11,869 to €4,146Debts from €33,416 to €8,323
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 69% of micro companies in personal services (NACE 96)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 4.0%▲ +0.1 percentage points vs 12-2024
02-2025: 4.0%● unchanged vs 01-2025
03-2025: 3.9%▼ -0.1 percentage points vs 02-2025
04-2025: 4.2%▲ +0.3 percentage points vs 03-2025highest value
05-2025: 4.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.8%▼ -0.3 percentage points vs 05-2025
07-2025: 3.4%▼ -0.4 percentage points vs 06-2025
08-2025: 3.8%▲ +0.4 percentage points vs 07-2025
09-2025: 3.0%▼ -0.8 percentage points vs 08-2025
10-2025: 3.0%● unchanged vs 09-2025
11-2025: 3.0%● unchanged vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 3.1%▲ +0.1 percentage points vs 02-2026
04-2026: 3.2%▲ +0.1 percentage points vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026
06-2026: 2.9%▼ -0.3 percentage points vs 05-2026
07-2026: 2.9%● unchanged vs 06-2026
08-2026: 0.9%▼ -2.0 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
2 of the last 3 accounts late
Founded in 2019
Size: turnover €20,960, total assets €12,469
lowers risk
Liquidity: current ratio 1.50, cash €3,890
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 55% of them on solvency, 57% on liquidity, 75% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Welltech has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Welltech itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for Welltech. 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.
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Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
21 days early
2024
31 days late
2023
67 days late
2022
61 days late
2021
125 days late
2020
132 days late
2019
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 69 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 64 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0724503787
Appointment: Mukremin Sogut (director)
Resignation: Kursun Atalays (director) · Mukremin Sogut holds 100 shares · General meeting of 05-03-2023 · Gazette deed
Appointment: Atalay Kursun (director)
Resignation: Savas Kavak (director) · Atalay Kursun holds 100 shares · Savas Kavak is a shareholder · General meeting of 25-03-2021 · Gazette deed
Incorporation
Founder: KAVAK Savas (comparant) · Founding capital of €1, 100 shares · Appointment: KAVAK Savas (sole manager) · published on 05-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Welltech Anderlecht | €20,960 | 15.2% | 33.3% | - |
| RILEKS Ravels | - | - | 96.4% | - |
| THE LUCKY ONE Ath | - | - | -293.5% | - |
| Wellness Lourdes Ghent | - | - | 36.8% | - |
| REFLET DE SOI Anhée | - | - | 47.3% | - |
| D.J. Santé et Développement Uccle | €33,880 | 17.8% | 55.3% | - |
| WLM & Co Uccle | - | - | 26.9% | - |
Grey: the largest companies of the sector (personal services (NACE 96)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Welltech: day spas, saunas and steam baths (NACE 96230). They are comparable in size and age: total assets between €8,870 and €19,400, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 03-04-2019Normal situation
- Activity
- Day spas, saunas and steam bathsNACE 96230and 1 other
- Establishment unit
- 2.290.558.0971070 Anderlecht, since 03-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €12,469▼ 42.1%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on Welltech
Welltech has existed since 2019. Turnover grew from €4,157 in 2020 to €20,960 in 2025.
Turnover has grown every year since 2022. Solvency rose in 2025 from -55.1% to 33.3% because of the retained profit and a capital increase and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Welltech
- What is the company number of Welltech?
- The company number of Welltech is 0724.503.787. The VAT number is the same number with BE in front: BE 0724.503.787.
- Where is Welltech based?
- The registered office is at Sint-Guidocorso 16, 1070 Anderlecht.Company details
- What does Welltech do?
- According to the KBO register, the main activity is day spas, saunas and steam baths (NACE 96230).
- What is the legal form of Welltech?
- Welltech is a private limited company (pre-2019) (BVBA).
- When was Welltech founded?
- Welltech was founded on 03-04-2019.
- Is Welltech still active?
- Yes, Welltech is an active enterprise in the KBO register.
- What is the turnover of Welltech?
- The turnover of Welltech was €20,960 in financial year 2025, according to the filed annual accounts.Financials
- Is Welltech profitable?
- In financial year 2025, Welltech made a profit of €2,447.
- Where can I find the annual accounts of Welltech?
- Welltech filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Welltech due?
- Welltech must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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