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WeMach

Active
Private limited companyfounded 20215 yrs activeKunstlaan 56, 1000 Brussel, BelgiumKBO/BCE: BE 0773.626.666
Summary

The computed 12-month bankruptcy probability of WeMach is 9.8% (elevated). The 2024 annual accounts show negative equity (-€58,289) and a net result of -€16,350. Its solvency ranks better than 7% of 26043 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
Axes · tick = 2022
Profitability0=
Solvency0=
Growth32
Track record94
Bankruptcy probability, 12 months
9.8% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.56 in 2022; short-term debt: 269.8% and cash: 8.5% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-169.8%
Return on assets
-47.6%
Age of the figures
21 mo
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2224
2022 to 2024 · latest year -€58,289
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2026, 365 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
365 d late
2023
694 d late
2022
1045 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 701 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

WeMach was incorporated on 7 September 2021 as a Private limited company.1 Total assets rose from EUR 29,055 in 2022 to EUR 34,322 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€16,350▼ 2.0%
2022 · -€16,024
Working capital
-€60,744▼ 248%
2022 · -€17,479
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line20222024
Operating result-€15,996--€16,231-
Net result-€16,024below the sector's middle half--€16,350below the sector's middle half-
Equity-€11,024below the sector's middle half--€58,289below the sector's middle half-
Total assets€29,055below the sector's middle half-€34,322below the sector's middle half-
Debt€40,079-€92,612-
Working capital-€17,479below the sector's middle half--€60,744below the sector's middle half-
Solvency-37.9%below the sector's middle half--169.8%below the sector's middle half-
Current ratio0.56below the sector's middle half-0.34below the sector's middle half-
Return on assets (ROA)-55.2%below the sector's middle half--47.6%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€15,996-€15,996Net result 2022: -€16,024-€16,024Operating result 2024: -€16,231-€16,231Net result 2024: -€16,350-€16,35020222024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€15,996-€16,000Net result 2022: -€16,024-€16,000Operating result 2024: -€16,231-€16,200Net result 2024: -€16,350-€16,30020222024
The operating result is -€16,231 in 2024, compared with -€15,996 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €34,322
Fixed assets €2,455 ▼ 62.0%
Current assets €31,868 ▲ 41.0%
Key figures and ratios
2024 value · change against 2022
EBITDA
-€14,231▲
2022 · -€14,312
Cash flow
-€14,350▼
2022 · -€14,341
Quick ratio
0.24▼
2022 · 0.30
Debt to equity
-1.59▲
2022 · -3.64
Interest coverage
-119.67▲
2022 · -505.02
Debt ≤ 1 year
€92,612▲
2022 · €40,079
Staff costs
€41,479▲
2022 · €581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 9.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 38 lines
Balance sheet Code20222024
Assets
Total assets20/58€29,055€34,322▲
Fixed assets21/28€6,455€2,455▼
Tangible fixed assets22/27€6,317€2,317▼
Furniture and vehicles24€6,317€2,317▼
Financial fixed assets28€138€138=
Current assets29/58€22,601€31,868▲
Stocks and contracts in progress3€10,450€10,000▼
Stocks30/36€10,450€10,000▼
Amounts receivable within one year40/41€11,076€18,960▲
Trade receivables40€4,591€18,669▲
Other amounts receivable41€6,485€291▼
Cash at bank and in hand54/58€1,075€2,908▲
Equity and liabilities
Total equity and liabilities10/49€29,055€34,322▲
Equity10/15-€11,024-€58,289▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€16,024-€63,289▼
Amounts payable17/49€40,079€92,612▲
Amounts payable within one year42/48€40,079€92,612▲
Trade debts44€39,540€25,922▼
Suppliers440/4€39,540€25,922▼
Taxes, remuneration and social security45€540€6,386▲
Taxes450/3-€1,386
Remuneration and social security454/9€540€4,999▲
Other amounts payable47/48-€60,304
Income statement Code20222024
Non-recurring operating income76A€4,002-
Goods, raw materials, services and sundry goods60/61€16,324€54,897▲
Remuneration, social security and pensions62€581€41,479▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,683€2,000▲
Other operating charges640/8€695€387▼
Gross operating margin9900-€13,036€27,635▲
Operating profit (loss)9901-€15,996-€16,231▼
Financial charges65/66B€28€119▲
Recurring financial charges65€28€119▲
Profit (loss) for the period before taxes9903-€16,024-€16,350▼
Profit (loss) for the period9904-€16,024-€16,350▼
Profit (loss) for the period to be appropriated9905-€16,024-€16,350▼
Appropriation of the result
Profit (loss) to be appropriated9906-€16,024-€63,289▼
Profit (loss) brought forward from the previous period14P--€46,940

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222024Change
Non-recurring operating income76A€4,002--
Goods, raw materials, services and sundry goods60/61€16,324€54,897-
Remuneration, social security and pensions62€581€41,479-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,683€2,000-
Other operating charges640/8€695€387-
Gross operating margin9900-€13,036€27,635-
Operating profit (loss)9901-€15,996-€16,231-
Financial charges65/66B€28€119-
Recurring financial charges65€28€119-
Profit (loss) for the period before taxes9903-€16,024-€16,350-
Profit (loss) for the period9904-€16,024-€16,350-
Profit (loss) for the period to be appropriated9905-€16,024-€16,350-
Line20222024Change
Assets
Total assets20/58€29,055€34,322-
Fixed assets21/28€6,455€2,455-
Tangible fixed assets22/27€6,317€2,317-
Furniture and vehicles24€6,317€2,317-
Financial fixed assets28€138€138-
Current assets29/58€22,601€31,868-
Stocks and contracts in progress3€10,450€10,000-
Stocks30/36€10,450€10,000-
Amounts receivable within one year40/41€11,076€18,960-
Trade receivables40€4,591€18,669-
Other amounts receivable41€6,485€291-
Cash at bank and in hand54/58€1,075€2,908-
Equity and liabilities
Total equity and liabilities10/49€29,055€34,322-
Equity10/15-€11,024-€58,289-
Contributions10/11€5,000€5,000-
Profit (loss) carried forward14-€16,024-€63,289-
Amounts payable17/49€40,079€92,612-
Amounts payable within one year42/48€40,079€92,612-
Trade debts44€39,540€25,922-
Suppliers440/4€39,540€25,922-
Taxes, remuneration and social security45€540€6,386-
Taxes450/3-€1,386-
Remuneration and social security454/9€540€4,999-
Other amounts payable47/48-€60,304-
Line20222024Change
Profit (loss) for the period9904-€16,024-€16,350-
+ Depreciation and write-downs630€1,683€2,000-
Operating cash flow (approximation)-€14,341-€14,350-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 365 days late
25-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 694 days late
10-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 1045 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Brussel · 2 establishment units since 2021
seat establishment All 2 establishment units on the map
Ground area
4,812 m²
Building footprint
3,002 m²
Volume, LiDAR
80,781 m³
2 parcels, Brussels, Flanders · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355 companies at this address See who is registered here
2 establishment units
WeMach
Kunstlaan 56, 1000 BrusselIntermediation services for non-specialised retail
since 20212.321.463.683
Mr. Phone
Torhoutsesteenweg 82, 8400 OostendeIntermediation services for non-specialised retail
since 20222.337.509.661
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0475/00F000 Brussels 4,653 m² 1 · 2,861 m² 34.5 m · 9 fl.
35386D0245/00L002 Flanders 159 m² 1 · 141 m² 21.6 m
Linked by address, not proof of ownership
Good to know
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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
95100Repair and maintenance of computers and communication equipment
18120Other printing
47110Non-specialised retail sale with food, beverages or tobacco predominating
74120Graphic design and visual communication
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0773626666
Also 9925:BE0773626666
Registered 12-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.