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WESO

Active
Public limited companyfounded 199630 yrs activePelgrimpad 12, 2820 Bonheiden, BelgiumKBO/BCE: BE 0457.737.654

WESO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €-8k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
58 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+32
Solvency53▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.33 in 2024; short-term debt: 38.9% and cash: 0.5% of total assets), and 71.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
27 d late
2022
31 d late
2021
30 d late
2020
16 d late
2019
6 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
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

Financials · fiscal year 2025, abbreviated schema

Equity
€221k▼ 3.4%
2024 · €229k
2018: €491k 2019: €615k 2020: €921k 2021: €880k 2022: €868k 2023: €908k 2024: €229k
2018 → 2025
Total assets
€779k▲ 1.5%
2024 · €767k
2018: €1.54M 2019: €2.14M 2020: €1.72M 2021: €1.63M 2022: €1.62M 2023: €1.59M 2024: €767k
2018 → 2025
Net result
€-8k▲ 98.8%
2024 · €-679k
2018: €-16k 2019: €125k 2020: €305k 2021: €-41k 2022: €-12k 2023: €40k 2024: €-679k
2018 → 2025
Working capital
€-98k▲ 73.0%
2024 · €-364k
2018: €-451k 2019: €-747k 2020: €481k 2021: €434k 2022: €432k 2023: €453k 2024: €-364k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€880k-€868k▼ 1.4%€908k▲ 4.6%€229k▼ 74.8%€221k▼ 3.4%
Operating result€-28k-€-2k▲ 91.6%€26k€-921k€6k
Net result€-41k-€-12k▲ 69.4%€40k€-679k€-8k▲ 98.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-1.00M€-750k€-500k€-250k€0Operating result 2021: €-28k€-28kNet result 2021: €-41k€-41kOperating result 2022: €-2k€-2kNet result 2022: €-12k€-12kOperating result 2023: €26k€26kNet result 2023: €40k€40kOperating result 2024: €-921k€-921kNet result 2024: €-679k€-679kOperating result 2025: €6k€6kNet result 2025: €-8k€-8k20212022202320242025
The operating result returns to profit in 2025: €6k after a loss of €921k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €779k
Fixed assets €574k▼ 3.1%
Current assets €205k▲ 16.8%
Equity and liabilities €779k
Equity €221k▼ 3.4%
Debt €558k▲ 3.5%
The debt ratio rises from 70.2% to 71.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€24k
2024 · €-895k
Cash flow
€10k
2024 · €-653k
Solvency
28.4%
2024 · 29.8%
Current ratio
0.68
2024 · 0.33
Quick ratio
0.59
2024 · 0.33
Debt / equity
2.52
2024 · 2.35
ROE
-3.6%
2024 · -296.8%
ROA
-1.0%
2024 · -88.5%
Interest coverage
1.75
2024 · -22.21
Debt
€558k
2024 · €539k
Debt ≤ 1 year
€303k
2024 · €539k
Debt > 1 year
€255k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€767k€779k
Fixed assets21/28€592k€574k
Tangible fixed assets22/27€591k€573k
Land and buildings22€523k€512k
Other tangible fixed assets26€69k€61k
Financial fixed assets28€1k€1k=
Current assets29/58€175k€205k
Stocks and contracts in progress3-€26k
Stocks30/36-€26k
Amounts receivable within one year40/41€175k€175k=
Trade receivables40€2k€2k=
Other amounts receivable41€173k€173k=
Cash at bank and in hand54/58€479€4k
Equity and liabilities
Total equity and liabilities10/49€767k€779k
Equity10/15€229k€221k
Contributions10/11€160k€160k=
Capital10€160k€160k=
Issued capital100€160k€160k=
Reserves13€87k€87k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€-18k€-26k
Amounts payable17/49€539k€558k
Amounts payable after more than one year17-€255k
Financial debts170/4-€255k
Amounts payable within one year42/48€539k€303k
Current portion of amounts payable after more than one year42€300k€25k
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€3k€757
Taxes450/3€3k€757
Other amounts payable47/48€235k€277k
Income statement Code20242025
Non-recurring operating income76A-€445
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€18k
Other operating charges640/8€551k€11k
Non-recurring operating charges66A€328k-
Gross operating margin9900€-16k€35k
Operating profit (loss)9901€-921k€6k
Financial charges65/66B€40k€14k
Recurring financial charges65€40k€14k
Profit (loss) for the period before taxes9903€-961k€-8k
Transfer from deferred taxes780€282k-
Profit (loss) for the period9904€-679k€-8k
Transfer from tax-exempt reserves789€731k-
Profit (loss) for the period to be appropriated9905€52k€-8k
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-26k
Profit (loss) brought forward from the previous period14P€-70k€-18k

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Weakest financial yearnet €-679k ▼1788%
Net result drops to €-679k, the lowest in the series; recovery starts the following year.
27-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
16-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial Highest result since 2018net €305k ▲145%
Operating result €723k, net result €305k, both a record.
31-12
Financial Liquidity times 5current ratio 2.09
Current ratio from 0.45 to 2.09; short-term debt falls from €1.35M to €441k.
06-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial Back to profitnet €125k
Net result €125k after one loss-making year.
31-12
Financial Equity above €500kEq €615k ▲25.4%
Equity rises from €491k to €615k.
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
5 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, Bonheiden · 1 establishment unit since 1996
establishment The establishment unit on the map
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.

Pelgrimpad 122820 Bonheiden
Ground area
814 m²
Building footprint
251 m²
Volume, LiDAR
1,482 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WESO
Dorp 38, 2820 BonheidenInsurance, reinsurance and pension funding, except compulsory social security
since 19962.076.720.807
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12031A0413/00K000 Flanders 518 m² 1 · 113 m² 4.3 m · 1 fl.
12005B0363/00R000 Flanders 297 m² 1 · 138 m² 13.7 m · 3 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.

Similar companies · same sector, comparable size

Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,859 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded01-03-1996
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.