WELVECO-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of WELVECO-CONSTRUCT is 12.1% (high). For WELVECO-CONSTRUCT, at least two annual filings are missing. The 2023 annual accounts show equity of €11,846 and a net result of €10,926. Equity has been shrinking by about 12% per year since 2019. Its solvency ranks better than 60% of 8,815 sector peers (NACE 41, financial year 2023). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-01-2007 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.159.380.346 3665 As, since 05-02-2007
- Financial year end
- 30 September
- Peppol
- Reachable since 30-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 12.1%
- Gross margin
- €17,221
- Turnover
- ≈ €210,000
- estimated
- Profit
- €10,926
- Equity
- €11,846
- ▲ 13×
- Total assets
- €23,587
- ▲ 41.4%
- 2024 accounts not filed, 551 days past the deadline
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 724 days late; 2 of the last 3 accounts lateFigures for financial year 2023 (filed on 30-04-2026)Size: total assets €23,587Liquidity: current ratio 2.09, cash €52Two or more financial years not filed2023 accounts filed 724 days lateShow the evidence
Bankruptcy probability
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
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Signals
The company filed its last 5 accounts on average 222 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 30 April 2025 The financial year closed on 30 September 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2023 filed on 24-04-2026 PDF all 16 filings
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is a profit of €15,046, after a loss of €14,227 in 2022. It is the highest result since 2019.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Overdue debts
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Overdue tax debts | €5,280 | €3,859 | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts)
Comparable companies
These companies have the same main activity as WELVECO-CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €24,300 and €29,500, founded between 2005 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| WELVECO-CONSTRUCT As | 2007 | €23,587 | €11,846 | €17,221 | - | €10,926 | 2023 |
| LAS VEGAS INTERNATIONAL Oud-Turnhout | 2007 | €25,003 | €15,091 | €15,465 | - | €2,622 | 2025 |
| BERTEYN BOUW Kortrijk | 2008 | €26,078 | -€50,665 | €17,228 | - | €13,148 | 2025 |
| REALYZO Liège | 2009 | €24,344 | €12,754 | €17,890 | - | €7,967 | 2025 |
| Rombouts Renovaties Brecht | 2005 | €25,622 | -€32,762 | €20,057 | - | €4,806 | 2025 |
| C.G.F. Sint-Jans-Molenbeek | 2009 | €24,747 | -€5,399 | €15,676 | €150,376 | €9,092 | 2025 |
| ECO WONINGBOUW Tongeren-Borgloon | 2012 | €29,462 | €14,245 | €15,889 | - | €14,444 | 2025 |
They were chosen from the 15,547 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €600 | €600 | €0 | - | - | - |
| Other operating charges640/8 | - | - | €524 | €261 | €2,175 | ▲ 733% |
| Gross operating margin9900 | €1,382 | €7,921 | €4,109 | -€13,966 | €17,221 | - |
| Operating profit (loss)9901 | €36 | €6,686 | €3,585 | -€14,227 | €15,046 | - |
| Financial income75/76B | - | - | - | €4 | - | - |
| Recurring financial income75 | - | - | - | €4 | - | - |
| Financial charges65/66B | - | - | €5,007 | €2,220 | €369 | ▼ 83.4% |
| Recurring financial charges65 | €1,080 | €2,364 | €5,007 | €2,220 | €369 | ▼ 83.4% |
| Profit (loss) for the period before taxes9903 | -€1,044 | €4,322 | -€1,422 | -€16,443 | €14,677 | - |
| Income taxes67/77 | €78 | €1,227 | €0 | - | €3,751 | - |
| Profit (loss) for the period9904 | -€1,122 | €3,095 | -€1,422 | -€16,443 | €10,926 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,122 | €3,095 | -€1,422 | -€16,443 | €10,926 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,760 | €34,622 | €27,996 | €16,675 | €23,587 | ▲ 41.4% |
| Fixed assets21/28 | €600 | - | - | - | - | - |
| Tangible fixed assets22/27 | €600 | - | - | - | - | - |
| Current assets29/58 | €35,160 | €34,622 | €27,996 | €16,675 | €23,587 | ▲ 41.4% |
| Amounts receivable within one year40/41 | €34,933 | €34,399 | €27,466 | €16,461 | €23,535 | ▲ 43.0% |
| Trade receivables40 | - | - | €0 | €669 | €8,384 | ▲ 13× |
| Other amounts receivable41 | - | - | €27,466 | €15,792 | €15,151 | ▼ 4.1% |
| Cash at bank and in hand54/58 | €41 | €31 | €331 | €8 | €52 | ▲ 550% |
| Deferred charges and accrued income490/1 | - | - | €199 | €206 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,760 | €34,622 | €27,996 | €16,675 | €23,587 | ▲ 41.4% |
| Equity10/15 | €15,691 | €18,786 | €17,364 | €921 | €11,846 | ▲ 13× |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €5,546 | ▲ 198% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €3,686 | - |
| Profit (loss) carried forward14 | €7,531 | €10,626 | €9,204 | -€7,239 | - | - |
| Amounts payable17/49 | €20,069 | €15,836 | €10,633 | €15,755 | €11,741 | ▼ 25.5% |
| Amounts payable within one year42/48 | €20,047 | €15,814 | €10,610 | €15,755 | €11,273 | ▼ 28.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Trade debts44 | €12,210 | €10,131 | €4,103 | €7,203 | €1,106 | ▼ 84.6% |
| Suppliers440/4 | - | - | €4,103 | €7,203 | €1,106 | ▼ 84.6% |
| Taxes, remuneration and social security45 | - | - | €6,507 | €3,859 | €7,722 | ▲ 100% |
| Taxes450/3 | - | - | €6,507 | €3,859 | €7,722 | ▲ 100% |
| Other amounts payable47/48 | - | - | - | €4,693 | €2,445 | ▼ 47.9% |
| Accrued charges and deferred income492/3 | - | - | €23 | €0 | €468 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,122 | €3,095 | -€1,422 | -€16,443 | €10,926 | - |
| + Depreciation and write-downs630 | €600 | €600 | €0 | - | - | - |
| Operating cash flow (approximation) | -€522 | €3,695 | -€1,422 | -€16,443 | €10,926 | - |
| Change in cash | - | -€10 | €300 | -€323 | €44 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 24-04-2026 | 2026-00093802 | |
| 30-09-2022 | micro format | 31-10-2023 | 2023-00499731 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20013376 | |
| 30-09-2020 | micro format | 29-11-2021 | 2021-78600165 | |
| 30-09-2019 | micro format | 21-04-2020 | 2020-09700226 | |
| 30-09-2018 | micro format | 19-04-2019 | 2019-10300363 | |
| 30-09-2017 | micro format | 19-04-2018 | 2018-10100221 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-07000184 | |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-07600334 | |
| 30-09-2014 | abbreviated format | 20-03-2015 | 2015-06600132 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
WELVECO-CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of WELVECO-CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-10
Gazette deed
Registered office moved within AsPermanent representative: Yves Detrez3 points ▸
- Board meeting, 30-04-2022
- Registered-office move, Rozenstraat 20,3665 As
- Permanent representative, Yves Detrez
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0886.992.744
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71043B0006/00Y025 | Flanders | 720 m² | 1 · 147 m² | 8.8 m · 1 |
| 71043B0006/00M014 | Flanders | 627 m² | 1 · 123 m² | 5.6 m · 1 |