WEngage
Judicial reorganisationSummary
The file of WEngage contains 3 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€12.7m) and a net result of -€11.1m. Equity is shrinking by ~127.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 942 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Brussels
- Opened
- 25 July 2025
- Track
- Reorganisation by amicable settlement
- Docket number
- 20250040
- Moratorium until
- 15 January 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Theo Raedschelders
- Official Gazette
- 31-07-2025 (pdf) ↗search the document for 2025/132957
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-19
Growth22=
Track record54
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.62 against 0.96 in 2024; short-term debt: 152.7% and cash: 1.1% of total assets), and equity is negative.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€12.7m
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 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
7 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Which other companies belong to the same group?KORAMIC INVESTMENTS · 49 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Office administrative, office support and other business support activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€72.9m▼ 27.3%
2024 · €100.3m
EBIT margin
-15.0%▼ 6.7pp
2024 · -8.2%
Net result
-€11.1m▼ 13.5%
2024 · -€9.8m
Working capital
-€8.6m▼ 801%
2024 · -€956,617
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€117.4m-€100.3m▼ 14.6%€72.9m▼ 27.3%
Operating result-€9.1m--€8.3m▲ 9.2%-€10.9m▼ 31.9%
Net result-€8.9mbelow the sector's middle half--€9.8mbelow the sector's middle half▼ 10.2%-€11.1mbelow the sector's middle half▼ 13.5%
EBIT margin-7.8%--8.2%▼ 0.5pp-15.0%▼ 6.7pp
Equity€8.2mabove the sector's middle half--€1.6mbelow the sector's middle half-€12.7mbelow the sector's middle half▼ 691%
Total assets€39.1mabove the sector's middle half-€26.1mabove the sector's middle half▼ 33.2%€14.8mabove the sector's middle half▼ 43.5%
Debt€28.7m-€26.4m▼ 7.9%€22.8m▼ 13.5%
Working capital€6.9mabove the sector's middle half--€956,617below the sector's middle half-€8.6mbelow the sector's middle half▼ 801%
Solvency20.9%within the sector's middle half--6.1%below the sector's middle half▼ 27.1pp-86.1%below the sector's middle half▼ 80.0pp
Current ratio1.24within the sector's middle half-0.96within the sector's middle half▼ 0.280.62below the sector's middle half▼ 0.35
Return on assets (ROA)-22.7%below the sector's middle half--37.4%below the sector's middle half▼ 14.7pp-75.2%below the sector's middle half▼ 37.8pp
Staff (FTE)1,335.6above the sector's middle half-1,315.2above the sector's middle half▼ 1.5%1,057.3above the sector's middle half▼ 19.6%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10.9m in 2025 against €8.3m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.8m
Fixed assets
€841,647 ▼ 36.3%
Current assets
€13.9m ▼ 43.9%
Equity and liabilities
Equity-€12.7m
Debt€22.8m
Equity is negative: debt (€22.8m) exceeds the balance-sheet total (€14.8m).
Key figures and ratios
EBITDA
-€10.4m▼
2024 · -€7.6m
Cash flow
-€10.6m▼
2024 · -€9.1m
Interest coverage
-45.45▼
2024 · -18.12
Debt ≤ 1 year
€22.5m▼
2024 · €25.8m
Debt > 1 year
€251,854▼
2024 · €334,120
Income taxes
€11,182▼
2024 · €20,461
Staff costs
€45.2m▼
2024 · €55.2m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Operating income70/76A | €117.6m | €101.0m | €74.5m | ▼ 26.2% |
| Turnover70 | €117.4m | €100.3m | €72.9m | ▼ 27.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €0 | - | - | - |
| Own construction capitalised72 | €0 | - | - | - |
| Other operating income74 | €210,582 | €692,862 | €780,819 | ▲ 12.7% |
| Non-recurring operating income76A | - | €5 | €855,799 | ▲ 17,115,881% |
| Operating charges60/66A | €126.7m | €109.2m | €85.4m | ▼ 21.8% |
| Goods for resale, raw materials and consumables60 | €14.1m | €14.0m | €9.2m | ▼ 34.1% |
| Purchases600/8 | €14.1m | €14.0m | €9.2m | ▼ 34.1% |
| Services and other goods61 | €51.0m | €37.9m | €24.7m | ▼ 34.8% |
| Remuneration, social security and pensions62 | €57.9m | €55.2m | €45.2m | ▼ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €887,953 | €675,146 | €494,505 | ▼ 26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €23,207 | €23,016 | ▼ 0.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €62,230 | - | €16,070 | - |
| Other operating charges640/8 | €109,884 | €97,020 | €124,130 | ▲ 27.9% |
| Operating charges capitalised as restructuring costs649 | - | €0 | - | - |
| Non-recurring operating charges66A | €2.7m | €1.3m | €5.7m | ▲ 325% |
| Operating profit (loss)9901 | -€9.1m | -€8.3m | -€10.9m | ▼ 31.9% |
| Financial income75/76B | €512,950 | €633,547 | €1.8m | ▲ 182% |
| Recurring financial income75 | €512,950 | €633,547 | €103,705 | ▼ 83.6% |
| Income from financial fixed assets750 | €0 | - | - | - |
| Income from current assets751 | €509,682 | €633,209 | €103,390 | ▼ 83.7% |
| Other financial income752/9 | €3,269 | €338 | €315 | ▼ 6.8% |
| Non-recurring financial income76B | €0 | - | €1.7m | - |
| Financial charges65/66B | €262,133 | €2.1m | €2.0m | ▼ 7.5% |
| Recurring financial charges65 | €262,133 | €443,772 | €255,206 | ▼ 42.5% |
| Debt charges650 | €233,776 | €419,247 | €229,238 | ▼ 45.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €0 | - | - | - |
| Other financial charges652/9 | €28,358 | €24,525 | €25,969 | ▲ 5.9% |
| Non-recurring financial charges66B | €0 | €1.7m | €1.7m | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | -€8.9m | -€9.8m | -€11.1m | ▼ 13.6% |
| Transfer from deferred taxes780 | €0 | - | - | - |
| Transfer to deferred taxes680 | €0 | - | - | - |
| Income taxes67/77 | €21,788 | €20,461 | €11,182 | ▼ 45.4% |
| Taxes670/3 | €48,094 | €23,792 | €11,183 | ▼ 53.0% |
| Tax adjustments and reversals of tax provisions77 | €26,306 | €3,331 | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | -€8.9m | -€9.8m | -€11.1m | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | -€8.9m | -€9.8m | -€11.1m | ▼ 13.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39.1m | €26.1m | €14.8m | ▼ 43.5% |
| Formation expenses20 | €0 | €0 | - | - |
| Fixed assets21/28 | €4.0m | €1.3m | €841,647 | ▼ 36.3% |
| Intangible fixed assets21 | €244,248 | €91,658 | €26,974 | ▼ 70.6% |
| Tangible fixed assets22/27 | €1.7m | €1.2m | €770,802 | ▼ 35.0% |
| Land and buildings22 | €0 | €0 | - | - |
| Plant, machinery and equipment23 | €407,191 | €260,940 | €157,209 | ▼ 39.8% |
| Furniture and vehicles24 | €142,821 | €112,768 | €70,621 | ▼ 37.4% |
| Leasing and similar rights25 | €0 | €0 | - | - |
| Other tangible fixed assets26 | €1.1m | €812,078 | €542,971 | ▼ 33.1% |
| Assets under construction and advance payments27 | €0 | €0 | - | - |
| Financial fixed assets28 | €2.1m | €43,871 | €43,871 | = |
| Affiliated companies280/1 | €1.7m | €0 | - | - |
| Participating interests280 | €1.7m | €0 | - | - |
| Amounts receivable281 | €0 | €0 | - | - |
| Companies linked by participating interests282/3 | €0 | €0 | - | - |
| Participating interests282 | €0 | €0 | - | - |
| Amounts receivable283 | €0 | €0 | - | - |
| Other financial fixed assets284/8 | €422,831 | €43,871 | €43,871 | = |
| Shares284 | €0 | €0 | - | - |
| Amounts receivable and cash guarantees285/8 | €422,831 | €43,871 | €43,871 | = |
| Current assets29/58 | €35.1m | €24.8m | €13.9m | ▼ 43.9% |
| Amounts receivable after more than one year29 | €8.8m | €0 | - | - |
| Trade receivables290 | €0 | €0 | - | - |
| Other amounts receivable291 | €8.8m | €0 | - | - |
| Stocks and contracts in progress3 | €0 | - | - | - |
| Stocks30/36 | €0 | - | - | - |
| Raw materials and consumables30/31 | €0 | - | - | - |
| Work in progress32 | €0 | - | - | - |
| Finished goods33 | €0 | - | - | - |
| Goods purchased for resale34 | €0 | - | - | - |
| Property held for sale35 | €0 | - | - | - |
| Advance payments36 | €0 | - | - | - |
| Contracts in progress37 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €23.7m | €22.8m | €13.3m | ▼ 41.6% |
| Trade receivables40 | €20.4m | €12.6m | €13.2m | ▲ 5.0% |
| Other amounts receivable41 | €3.3m | €10.2m | €79,288 | ▼ 99.2% |
| Current investments50/53 | €0 | - | - | - |
| Own shares50 | €0 | - | - | - |
| Other investments51/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €279,736 | €326,597 | €160,251 | ▼ 50.9% |
| Deferred charges and accrued income490/1 | €2.3m | €1.7m | €459,509 | ▼ 73.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39.1m | €26.1m | €14.8m | ▼ 43.5% |
| Equity10/15 | €8.2m | -€1.6m | -€12.7m | ▼ 691% |
| Contributions10/11 | €9.6m | €9.6m | €9.6m | = |
| Capital10 | €9.6m | €9.6m | €9.6m | = |
| Issued capital100 | €9.6m | €9.6m | €9.6m | = |
| Reserves13 | €802,557 | €802,557 | €802,557 | = |
| Non-distributable reserves130/1 | €802,557 | €802,557 | €802,557 | = |
| Legal reserve130 | €802,557 | €802,557 | €802,557 | = |
| Profit (loss) carried forward14 | -€2.2m | -€12.0m | -€23.1m | ▼ 92.3% |
| Provisions and deferred taxes16 | €2.3m | €1.4m | €4.6m | ▲ 244% |
| Provisions for liabilities and charges160/5 | €2.3m | €1.4m | €4.6m | ▲ 244% |
| Environmental obligations163 | - | - | €0 | - |
| Other liabilities and charges164/5 | €2.3m | €1.4m | €4.6m | ▲ 244% |
| Amounts payable17/49 | €28.7m | €26.4m | €22.8m | ▼ 13.5% |
| Amounts payable after more than one year17 | €260,012 | €334,120 | €251,854 | ▼ 24.6% |
| Financial debts170/4 | €260,012 | €334,120 | €251,854 | ▼ 24.6% |
| Subordinated loans170 | €0 | - | - | - |
| Unsubordinated bonds171 | €0 | - | - | - |
| Leasing and similar obligations172 | €0 | - | - | - |
| Credit institutions173 | €260,012 | €334,120 | €251,854 | ▼ 24.6% |
| Amounts payable within one year42/48 | €28.2m | €25.8m | €22.5m | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | €612,075 | €339,036 | €82,266 | ▼ 75.7% |
| Financial debts43 | €1.6m | €5.5m | - | - |
| Credit institutions430/8 | €1.6m | €5.5m | - | - |
| Trade debts44 | €11.6m | €7.4m | €5.6m | ▼ 24.1% |
| Suppliers440/4 | €11.6m | €7.4m | €5.6m | ▼ 24.1% |
| Taxes, remuneration and social security45 | €14.0m | €12.1m | €15.5m | ▲ 28.4% |
| Taxes450/3 | €2.6m | €2.3m | €3.3m | ▲ 43.9% |
| Remuneration and social security454/9 | €11.3m | €9.8m | €12.2m | ▲ 24.8% |
| Other amounts payable47/48 | €387,317 | €472,166 | €1.4m | ▲ 192% |
| Accrued charges and deferred income492/3 | €180,832 | €284,617 | €35,167 | ▼ 87.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8.9m | -€9.8m | -€11.1m | ▼ 13.5% |
| + Depreciation and write-downs630 | €887,953 | €675,146 | €494,505 | ▼ 26.8% |
| Operating cash flow (approximation) | -€8.0m | -€9.1m | -€10.6m | ▼ 16.5% |
| Investment in fixed assets (approximation) | - | €2.0m | -€14,838 | ▼ 101% |
| Change in cash | - | €46,860 | -€166,346 | ▼ 455% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Kevin Veestraeten · Power of attorney4 facts ▸
State Gazette act
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Kevin Veestraeten · Power of attorney4 facts ▸
- General meeting, 17-07-2026
- Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Kevin Veestraeten (permanent representative)
- Power of attorney, Andy Dujardin
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
22-05
State Gazette act
Permanent representatives: Kevin Veestraeten and Peter Van den Eynde3 facts ▸
State Gazette act
Permanent representatives: Kevin Veestraeten and Peter Van den Eynde
3 facts ▸
- Board meeting, eenparige schriftelijke besluiten van de bestuurders, Raad van Bestuur
- Permanent representative, Kevin Veestraeten (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Peter Van den Eynde (vaste vertegenwoordiger van de commissaris)
2025
31-12
Financial
Weakest financial yearnet -€11.1m
Net result drops to -€11.1m, the lowest in the series.
19-12
Judicial reorganisation
Extension
Ondernemingsrechtbank Brussel · amicable agreement · event 15-12-2025
18-09
Judicial reorganisation
Extension
Ondernemingsrechtbank Brussel · amicable agreement · event 15-09-2025
31-07
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · amicable agreement · event 25-07-2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 2 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
BV PwC Bedrijfsrevisoren
CurrentStatutory auditor · since 23-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Machelen (Brab.) · 5 establishment units since 1999
Ground area
3.8 ha
Building footprint
9,518 m²
Volume, LiDAR
118,039 m³
5 parcels, Flanders, Wallonia · tallest building 31.0 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
5 establishment units
WEngage
since 19992.092.826.666
WEngage
since 20132.231.670.684
WEngage
since 20142.231.924.864
Woluwelaan 158, 1831 Machelen (Brab.)
since 20222.338.580.522
Tuinbouwstraat 8, 2140 Antwerpen
since 20252.380.337.438
5 parcels
Flanders
4
(80%)
Wallonia
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063B0599/00B000 | Wallonia | 1.4 ha | 1 · 620 m² | 26.2 m · 7 fl. |
| 23015B0186/00W000 | Flanders | 9,659 m² | 1 · 1,660 m² | 20.5 m · 5 fl. |
| 35382D0865/00M000 | Flanders | 9,399 m² | 1 · 3,436 m² | 8.8 m · 2 fl. |
| 71322A0540/00D003 | Flanders | 4,205 m² | 1 · 3,726 m² | 31.0 m · 6 fl. |
| 11808H1097/00D004 | Flanders | 111 m² | 1 · 76 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV PwC Bedrijfsrevisoren |
|
Articles of association
Other statement
2 provisions in the deed
Structure & network
Part of the group
KORAMIC INVESTMENTS
49 companies
Group, risk and exposure
Owners and holdings
2 owners · 1 holdingChain of control
Highest known parent: KORAMIC INVESTMENTS. The sources do not say who stands above it.
Owners 2
-
100%
- KORAMIC INVESTMENTSparentSourceLEI registerconsolidated
Holdings 1
-
100%
According to the 2024 annual accounts of WEngage and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 79,104 EUR awarded · 79,104 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,822 EUR | 9,822 EUR |
| 2024 | 2 | 53,392 EUR | 53,392 EUR |
| 2023 | 2 | 15,890 EUR | 15,890 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
69940071KKKJ3H42Q222
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Company details
Identification
Legal formPublic limited company
Founded03-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82200Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793259664
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.