WELS CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of WELS CONSTRUCT is 2.2% (moderate). The 2024 annual accounts show equity of €94k and a net result of €59k. Equity is growing by ~96.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+19
Solvency100=
Growth55▲+20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
cash: 17.6% of total assets, and 0.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.9%
Return on assets
63.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
61 d late
2022
58 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€210k▲ 75.1%
2023 · €120k
2022: €244k
2023: €120k
2022 → 2024
EBIT margin
30.6%▲ 24.3pp
2023 · 6.4%
2022: 10.0%
2023: 6.4%
2022 → 2024
Net result
€59k▲ 716%
2023 · €7k
2022: €23k
2023: €7k
2022 → 2024
Working capital
€20k
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€244k-€120k▼ 50.8%€210k▲ 75.1%
Equity€27k-€35k▲ 26.6%€94k▲ 171%
Operating result€24k-€8k▼ 68.8%€64k▲ 745%
Net result€23k-€7k▼ 68.4%€59k▲ 716%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 745% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93k
Fixed assets
€2k▼ 50.0%
Current assets
€91k▲ 208%
Equity and liabilities €94k
Equity
€94k
Debt
€98
Debt finances 0.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€67k▲
2023 · €10k
Cash flow
€61k▲
2023 · €10k
Solvency
99.9%▼
2023 · 100.0%
Debt / equity
0.00
ROE
63.1%▲
2023 · 21.0%
ROA
63.1%▲
2023 · 21.0%
Interest coverage
76.86▲
2023 · 9.32
Debt
€98
Income taxes
€6k
Staff costs
€4k▼
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€35k€94k▲
Formation expenses20€780€520▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€298€149▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€30k€91k▲
Amounts receivable within one year40/41€14k€65k▲
Trade receivables40€2k€15k▲
Other amounts receivable41€12k€50k▲
Cash at bank and in hand54/58€8k€16k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€35k€94k▲
Equity10/15€35k€94k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€30k€89k▲
Amounts payable17/49-€98
Accrued charges and deferred income492/3-€98
Income statement
Code20232024
Turnover70€120k€210k▲
Non-recurring operating income76A€936-
Goods, raw materials, services and sundry goods60/61€96k€139k▲
Remuneration, social security and pensions62€13k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€645€158▼
Non-recurring operating charges66A€1k€51▼
Gross operating margin9900€25k€71k▲
Operating profit (loss)9901€8k€64k▲
Financial income75/76B€700€2k▲
Recurring financial income75€700€2k▲
Financial charges65/66B€1k€868▼
Recurring financial charges65€1k€868▼
Profit (loss) for the period before taxes9903€7k€65k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€7k€59k▲
Profit (loss) for the period to be appropriated9905€7k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€89k▲
Profit (loss) brought forward from the previous period14P€23k€30k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Highest result since 2022net €59k ▲716%
Operating result €64k, net result €59k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €7k ▼68.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wemmel · 1 establishment unit since 2021
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.
Lt. Graffplein 151780 WemmelGround area
3,595 m²
Building footprint
411 m²
Volume, LiDAR
2,975 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WELS CONSTRUCT
since 20212.314.172.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0271/00V003 | Flanders | 3,448 m² | 1 · 267 m² | 8.0 m · 2 fl. |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 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.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,825 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2021
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:wels.construct@hotmail.com