WELMO
ActiveWELMO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 385 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth22=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.8 in 2024), and 34.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
65.4%
Return on assets
14.4%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
36 d early
2022
2 d early
2021
26 d early
2020
4 d early
2019
53 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€131k▲ 8.8%
2021 · €121k
2018: €330k
2019: €123k
2020: €121k
2021: €121k
2018 → 2022
EBIT margin
-30.3%▼ 21.7pp
2021 · -8.5%
2018: 5.2%
2019: -20.7%
2020: -18.5%
2021: -8.5%
2018 → 2022
Net result
€5k▼ 31.4%
2024 · €7k
2018: €17k
2019: €-26k
2020: €-23k
2021: €-11k
2022: €-40k
2023: €8k
2024: €7k
2018 → 2025
Working capital
€22k▲ 29.6%
2024 · €17k
2018: €75k
2019: €50k
2020: €28k
2021: €19k
2022: €-21k
2023: €10k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€121k-€131k▲ 8.8%
Equity€19k-€-21k€10k€17k▲ 69.5%€22k▲ 28.1%
Operating result€-10k-€-40k▼ 286%€8k€7k▼ 12.7%€5k▼ 29.9%
Net result€-11k-€-40k▼ 280%€8k€7k▼ 11.2%€5k▼ 31.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €33k
Equity
€22k▲ 28.1%
Debt
€12k▲ 22.0%
The debt ratio falls from 35.7% to 34.6%: equity grows faster than debt.
Key figures and ratios
Solvency
65.4%▲
2024 · 64.3%
Current ratio
2.95▲
2024 · 2.80
Quick ratio
0.96▼
2024 · 1.20
Debt / equity
0.53▼
2024 · 0.56
ROE
22.0%▼
2024 · 41.0%
ROA
14.4%▼
2024 · 26.4%
Debt
€12k▲
2024 · €9k
Debt ≤ 1 year
€11k▲
2024 · €9k
Income taxes
€131
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€26k€33k▲
Current assets29/58€26k€33k▲
Stocks and contracts in progress3€15k€22k▲
Stocks30/36€15k€22k▲
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40€3k€7k▲
Other amounts receivable41€14€0▼
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€131€175▲
Equity and liabilities
Total equity and liabilities10/49€26k€33k▲
Equity10/15€17k€22k▲
Contributions10/11€19k€19k=
Reserves13€2k€3k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€0-
Other1319€2k€2k=
Distributable reserves133-€1k
Profit (loss) carried forward14€-3k€0▲
Amounts payable17/49€9k€12k▲
Amounts payable within one year42/48€9k€11k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€0€214▲
Taxes450/3€0€214▲
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3€0€253▲
Income statement
Code20242025
Other operating charges640/8€815€980▲
Gross operating margin9900€8k€6k▼
Operating profit (loss)9901€7k€5k▼
Financial income75/76B€69€120▲
Recurring financial income75€69€120▲
Financial charges65/66B€85€103▲
Recurring financial charges65€85€103▲
Profit (loss) for the period before taxes9903€7k€5k▼
Income taxes67/77-€131
Profit (loss) for the period9904€7k€5k▼
Profit (loss) for the period to be appropriated9905€7k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€1k▲
Profit (loss) brought forward from the previous period14P€-10k€-3k▲
Transfer to equity691/2-€1k
To other reserves6921-€1k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.82
Current ratio from 0.63 to 1.82; short-term debt falls from €57k to €13k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 1985
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.
Palingsgatstraat 21A9111 Sint-NiklaasGround area
2,582 m²
Building footprint
304 m²
Volume, LiDAR
1,098 m³
2 parcels, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Palingsgatstraat 21 A, 9111 Sint-Niklaas
since 19852.027.679.387
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0049/00E000 | Flanders | 1,444 m² | 1 · 142 m² | 6.7 m · 1 fl. |
| 46002A0049/00C000 | Flanders | 1,138 m² | 1 · 162 m² | 4.2 m · 1 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
MONTAGE MOERMAN
BE 0671.687.188
Dilsen-Stokkem · Eq €23k
GNT BELGIUM
BE 0899.347.673
Ham-sur-Heure-Nalinnes · Eq €20k
AS TRADE
BE 0838.055.749
Wemmel · Eq €26k
SANTERMANS LIFTEN
BE 0667.776.506
Berlare · Eq €26k
VENNENS E.M.I.
BE 0649.601.575
Sint-Niklaas · Eq €16k
Of 268 companies in sector 28220 we hold annual accounts for 231. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-08-1985
Fiscal year end31-12
Activities, NACEBEL
28220Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.