WELTEC
ActiveSummary
WELTEC has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €57k. Equity is growing by ~49.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-5
Solvency93▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.43 in 2023; short-term debt: 22.2% and cash: 28.8% of total assets), and 32.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
1 d early
2022
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€182k▲ 45.7%
2023 · €125k
2022: €59k
2023: €125k
2022 → 2024
Total assets
€270k▲ 15.2%
2023 · €234k
2022: €112k
2023: €234k
2022 → 2024
Net result
€57k▼ 13.2%
2023 · €66k
2022: €54k
2023: €66k
2022 → 2024
Working capital
€142k▲ 26.2%
2023 · €112k
2022: €34k
2023: €112k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€59k-€125k▲ 111%€182k▲ 45.7%
Operating result€75k-€75k▼ 0.5%€70k▼ 6.8%
Net result€54k-€66k▲ 21.6%€57k▼ 13.2%
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; 2024 is 7% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €270k
Fixed assets
€68k ▲ 56.6%
Current assets
€202k ▲ 5.8%
Equity and liabilities €270k
Equity
€182k ▲ 45.7%
Debt
€88k ▼ 19.8%
Debt's share of the balance-sheet total falls from 46.6% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▲
2023 · €77k
Cash flow
€68k▼
2023 · €69k
Current ratio
3.37▲
2023 · 2.43
Quick ratio
2.26▲
2023 · 2.13
Debt to equity
0.48▼
2023 · 0.87
ROE
31.4%▼
2023 · 52.7%
ROA
21.2%▼
2023 · 28.1%
Interest coverage
86.00▼
2023 · 111.37
Debt ≤ 1 year
€60k▼
2023 · €78k
Debt > 1 year
€24k▲
2023 · €11k
Income taxes
€12k▲
2023 · €11k
Staff costs
€82k▼
2023 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€234k€270k▲
Fixed assets21/28€43k€68k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€37k€63k▲
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€28k€54k▲
Current assets29/58€191k€202k▲
Stocks and contracts in progress3€24k€66k▲
Stocks30/36€22k€66k▲
Contracts in progress37€2k-
Amounts receivable within one year40/41€73k€53k▼
Trade receivables40€59k€42k▼
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€90k€78k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€234k€270k▲
Equity10/15€125k€182k▲
Contributions10/11€5k€5k=
Reserves13€120k€177k▲
Distributable reserves133€120k€177k▲
Amounts payable17/49€109k€88k▼
Amounts payable after more than one year17€11k€24k▲
Financial debts170/4€11k€24k▲
Amounts payable within one year42/48€78k€60k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€20k€17k▼
Suppliers440/4€20k€17k▼
Taxes, remuneration and social security45€39k€21k▼
Taxes450/3€32k€12k▼
Remuneration and social security454/9€7k€9k▲
Other amounts payable47/48€12k€14k▲
Accrued charges and deferred income492/3€19k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62€103k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k-
Other operating charges640/8€770€4k▲
Gross operating margin9900€191k€166k▼
Operating profit (loss)9901€75k€70k▼
Financial income75/76B€3k€747▼
Recurring financial income75€3k€747▼
Financial charges65/66B€694€935▲
Recurring financial charges65€694€935▲
Profit (loss) for the period before taxes9903€77k€69k▼
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€66k€57k▼
Profit (loss) for the period to be appropriated9905€66k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€57k▼
Transfer to equity691/2€66k€57k▼
To other reserves6921€66k€57k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €182k ▲45.7%
3 profitable years in a row build equity to €182k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €66k ▲21.6%
Net result €66k, the highest in the series.
31-12
Financial
Equity above €100kEq €125k ▲111%
2 profitable years in a row build equity to €125k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Malle · 1 establishment unit since 2022
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.
Antwerpsesteenweg 2022390 MalleGround area
199 m²
Building footprint
76 m²
Volume, LiDAR
499 m³
Parcel 11049A0336/00E002, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WELTEC
since 20222.327.888.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0336/00E002 | Flanders | 199 m² | 1 · 76 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 38,679 EUR awarded · 38,679 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,945 EUR | 7,945 EUR |
| 2024 | 1 | 9,532 EUR | 9,532 EUR |
| 2023 | 1 | 14,299 EUR | 14,299 EUR |
| 2022 | 1 | 6,903 EUR | 6,903 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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I & G - INVEST
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FEDERATION WALLONNE DE SERVICES DE BASTOGNE
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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 2,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
82100Office administrative and support services
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.