Payment terms
Welltech pays its suppliers 21 days later than in 2024. Customers pay 410 days earlier.
Welltech pays its suppliers 21 days later than in 2024. Customers pay 410 days earlier.
Short-term debts fell from €33,416 to €8,323.
The 2020 accounts came latest: 132 days after the end of the period.
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).
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).
In July 2024, 26,972 companies had the same profile as Welltech has now. Each dot stands for 68 companies, two years later.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
Higher than 52% of 1,384 companies in 2025.
Higher than 59% of 1,292 companies in 2025.
Higher than 87% of 1,302 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
12,469 | 21,547 | 10,361 | 7,125 | 3,878 | 1,320 | |
29/58 |
12,469 | 21,547 | 10,361 | 7,125 | 3,878 | 1,320 | |
40/41 |
8,579 | 21,547 | 10,173 | 6,800 | 3,786 | - | |
40 |
8,579 | 21,547 | 10,173 | 6,800 | 3,786 | - | |
54/58 |
3,890 | - | - | 92 | 92 | 1,110 | |
490/1 |
- | - | 187 | 233 | - | 210 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
12,469 | 21,547 | 10,361 | 7,125 | 3,878 | 1,320 | |
10/15 |
4,146 | -11,869 | -14,104 | -13,767 | -13,872 | -6,375 | |
10/11 |
18,600 | 5,032 | 5,032 | 5,032 | 5,032 | 5,032 | |
10 |
18,600 | 5,032 | 5,032 | 5,032 | 5,032 | - | |
100 |
18,600 | 5,032 | 5,032 | 5,032 | 5,032 | 5,032 | |
14 |
-14,454 | -16,901 | -19,136 | -18,799 | -18,904 | -11,407 | |
17/49 |
8,323 | 33,416 | 24,464 | 20,892 | 17,750 | 7,695 | |
42/48 |
8,323 | 33,416 | 24,464 | 20,892 | 17,750 | 7,695 | |
43 |
5,222 | 5,351 | 5,218 | 5,164 | 2,316 | 5,077 | |
430/8 |
5,222 | 5,351 | 5,218 | 5,164 | 2,316 | 5,077 | |
44 |
3,101 | 1,333 | 3,591 | 2,220 | 2,130 | 885 | |
440/4 |
3,101 | 1,333 | 3,591 | 2,220 | 2,130 | 885 | |
45 |
- | 482 | 346 | 152 | 614 | 423 | |
450/3 |
- | 482 | 346 | 152 | 614 | 423 | |
47/48 |
- | 26,250 | 15,308 | 13,356 | 12,690 | 1,310 | |
| Income statement | |||||||
70 |
20,960 | 14,070 | 11,260 | 10,540 | 13,576 | 4,157 | |
9900 |
4,613 | 2,975 | 1,456 | 660 | -6,473 | -1,961 | |
60/61 |
25,047 | 20,635 | 20,464 | 19,050 | 20,049 | 17,908 | |
640/8 |
1,417 | - | 907 | - | 348 | 362 | |
9901 |
3,196 | 2,975 | 548 | 660 | -6,820 | -2,323 | |
65/66B |
749 | 741 | 886 | 554 | 677 | 680 | |
65 |
749 | 741 | 886 | 554 | 677 | 680 | |
9903 |
2,447 | 2,235 | -337 | 105 | -7,497 | -3,003 | |
9904 |
2,447 | 2,235 | -337 | 105 | -7,497 | -3,003 | |
9905 |
2,447 | 2,235 | -337 | 105 | -7,497 | -3,003 | |
| Appropriation of the result | |||||||
9906 |
-14,454 | -16,901 | -19,136 | -18,799 | -18,904 | -11,407 | |
14P |
-16,901 | -19,136 | -18,799 | -18,904 | -11,407 | - | |
| Document | |||||||
The accounts for financial year 2019 were filed as a document without figures as data, a scan for example.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00285556 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00454093 | |
| 31-12-2023 | micro format | 06-10-2024 | 2024-00496445 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00476624 | |
| 31-12-2021 | micro format | 03-12-2022 | 2022-20531396 | |
| 31-12-2020 | micro format | 10-12-2021 | 2021-80100235 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-64300203 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| - | - | - | 0 | -1,018 | - | ||
| 4,146 | -11,869 | -14,104 | -13,767 | -13,872 | -6,375 | ||
| 15.2% | 21.1% | 4.9% | 6.3% | -50.2% | -55.9% | ||
| 33.3% | -55.1% | -136.1% | -193.2% | - | - | ||
| 1.50 | 0.64 | 0.42 | 0.34 | - | - | ||
| 2.01 | - | - | - | - | - | ||
| 59.0% | - | - | - | - | - | ||
| 19.6% | 10.4% | -3.3% | 1.5% | - | - | ||
| 149 days | 559 days | 330 days | 235 days | 102 days | - | ||
| 45 days | 24 days | 64 days | 43 days | 39 days | 18 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 7% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total is 66.7%.
Welltech has no parent and no holdings in its annual accounts. Welltech shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Guidocorso 16 registered office 1070 Anderlecht 47750 Retail sale of cosmetics and toilet articles | 03-04-2019 | 2.290.558.097 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21001A0647/00F004 | 48 m² | 1 · 48 m² | 7.9 m · 2 |
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