Wethink
ActiveSummary
The annual accounts of Wethink for fiscal year 2025 show a net loss of 59% of total assets and of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €48,246 and a net result of -€97,675. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 128 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-84
Solvency54▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.8 against 2.16 in 2024; short-term debt: 48.2% and cash: 22.2% of total assets), but 70.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
29.3%
Return on assets
-59.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 filingsDeviation from the deadline
2025
26 d late
2024
35 d late
2023
40 d late
2022
11 d early
2021
13 d early
2020
44 d late
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€48,246▼ 66.9%
2024 · €145,921
Total assets
€164,888▼ 44.4%
2024 · €296,572
Net result
-€97,675
2024 · €36,149
Working capital
€63,566▼ 50.1%
2024 · €127,374
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,874▼ 51.0%€15,327▼ 3.4%€54,070▲ 253%€50,744▼ 6.2%-€92,597
Net result€8,013▼ 72.4%€10,120▲ 26.3%€36,668▲ 262%€36,149▼ 1.4%-€97,675
Equity€62,983▲ 14.6%€73,104▲ 16.1%€109,771▲ 50.2%€145,921▲ 32.9%€48,246▼ 66.9%
Total assets€95,459▼ 29.8%€259,637▲ 172%€339,499▲ 30.8%€296,572▼ 12.6%€164,888▼ 44.4%
Debt€32,476▼ 59.9%€186,533▲ 474%€229,727▲ 23.2%€150,651▼ 34.4%€116,642▼ 22.6%
Working capital€11,838▲ 81.2%€70,357▲ 494%€92,385▲ 31.3%€127,374▲ 37.9%€63,566▼ 50.1%
Staff (FTE)1▲ 25.0%1.1▲ 10.0%2.6▲ 136%2.6=1.9▼ 26.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €92,597 after €50,744 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,888
Fixed assets
€21,848 ▼ 63.1%
Current assets
€143,040 ▼ 39.7%
Equity and liabilities €164,888
Equity
€48,246 ▼ 66.9%
Debt
€116,642 ▼ 22.6%
Debt's share of the balance-sheet total rises from 50.8% to 70.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€78,661▼
2024 · €73,932
Cash flow
-€83,738▼
2024 · €59,338
Current ratio
1.80▼
2024 · 2.16
Debt to equity
2.42▲
2024 · 1.03
ROE
-202.5%▼
2024 · 24.8%
ROA
-59.2%▼
2024 · 12.2%
Interest coverage
-14.71▼
2024 · 15.25
Debt ≤ 1 year
€79,474▼
2024 · €109,996
Debt > 1 year
€37,168▼
2024 · €40,637
Income taxes
-€271▼
2024 · €9,747
Staff costs
€134,326▼
2024 · €174,015
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,295 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,138 | €41,122 | €153,349 | €174,015 | €134,326 | ▼ 22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,091 | €11,663 | €21,404 | €23,189 | €13,937 | ▼ 39.9% |
| Other operating charges640/8 | €755 | €616 | €945 | €997 | €6,571 | ▲ 559% |
| Non-recurring operating charges66A | - | €544 | - | - | €132 | - |
| Gross operating margin9900 | €64,859 | €69,272 | €229,767 | €248,945 | €62,368 | ▼ 74.9% |
| Operating profit (loss)9901 | €15,874 | €15,327 | €54,070 | €50,744 | -€92,597 | ▼ 282% |
| Financial charges65/66B | €2,830 | €3,230 | €5,416 | €4,847 | €5,349 | ▲ 10.3% |
| Recurring financial charges65 | €2,372 | €3,230 | €5,416 | €4,847 | €5,349 | ▲ 10.3% |
| Non-recurring financial charges66B | €458 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €13,044 | €12,097 | €48,653 | €45,896 | -€97,946 | ▼ 313% |
| Income taxes67/77 | €5,031 | €1,976 | €11,986 | €9,747 | -€271 | ▼ 103% |
| Profit (loss) for the period9904 | €8,013 | €10,120 | €36,668 | €36,149 | -€97,675 | ▼ 370% |
| Profit (loss) for the period to be appropriated9905 | €8,013 | €10,120 | €36,668 | €36,149 | -€97,675 | ▼ 370% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,459 | €259,637 | €339,499 | €296,572 | €164,888 | ▼ 44.4% |
| Fixed assets21/28 | €51,433 | €64,933 | €75,554 | €59,202 | €21,848 | ▼ 63.1% |
| Intangible fixed assets21 | €47,571 | €37,678 | €27,985 | €18,390 | €12,168 | ▼ 33.8% |
| Tangible fixed assets22/27 | €3,862 | €27,255 | €47,569 | €40,811 | €9,681 | ▼ 76.3% |
| Plant, machinery and equipment23 | - | €2,651 | €6,576 | €4,398 | €2,331 | ▼ 47.0% |
| Furniture and vehicles24 | €3,644 | €1,410 | €2,216 | €3,534 | €2,633 | ▼ 25.5% |
| Leasing and similar rights25 | - | €23,031 | €38,670 | €32,828 | €3,070 | ▼ 90.6% |
| Other tangible fixed assets26 | €218 | €162 | €106 | €51 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €1,647 | - |
| Current assets29/58 | €44,026 | €194,704 | €263,945 | €237,370 | €143,040 | ▼ 39.7% |
| Amounts receivable within one year40/41 | €35,139 | €148,391 | €230,397 | €166,257 | €92,902 | ▼ 44.1% |
| Trade receivables40 | €34,944 | €143,711 | €218,504 | €166,257 | €92,902 | ▼ 44.1% |
| Other amounts receivable41 | €195 | €4,680 | €11,893 | - | - | - |
| Cash at bank and in hand54/58 | €6,589 | €42,389 | €27,676 | €61,431 | €36,667 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €2,298 | €3,924 | €5,872 | €9,682 | €13,470 | ▲ 39.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,459 | €259,637 | €339,499 | €296,572 | €164,888 | ▼ 44.4% |
| Equity10/15 | €62,983 | €73,104 | €109,771 | €145,921 | €48,246 | ▼ 66.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €42,523 | €52,644 | €89,311 | €125,461 | €27,786 | ▼ 77.9% |
| Amounts payable17/49 | €32,476 | €186,533 | €229,727 | €150,651 | €116,642 | ▼ 22.6% |
| Amounts payable after more than one year17 | - | €62,058 | €58,150 | €40,637 | €37,168 | ▼ 8.5% |
| Financial debts170/4 | - | €62,058 | €58,150 | €40,637 | €37,168 | ▼ 8.5% |
| Amounts payable within one year42/48 | €32,188 | €124,347 | €171,559 | €109,996 | €79,474 | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | €13,714 | €14,610 | €19,924 | €26,202 | €23,983 | ▼ 8.5% |
| Financial debts43 | €21 | - | - | - | - | - |
| Credit institutions430/8 | €21 | - | - | - | - | - |
| Trade debts44 | €11,959 | €99,251 | €127,715 | €42,040 | €45,898 | ▲ 9.2% |
| Suppliers440/4 | €11,959 | €99,251 | €127,715 | €42,040 | €45,898 | ▲ 9.2% |
| Advances received on contracts in progress46 | - | €139 | - | - | - | - |
| Taxes, remuneration and social security45 | €6,493 | €10,347 | €23,920 | €41,754 | €9,593 | ▼ 77.0% |
| Taxes450/3 | €2,100 | €2,000 | €6,000 | €20,991 | €4,373 | ▼ 79.2% |
| Remuneration and social security454/9 | €4,393 | €8,347 | €17,920 | €20,763 | €5,220 | ▼ 74.9% |
| Accrued charges and deferred income492/3 | €288 | €129 | €18 | €18 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,013 | €10,120 | €36,668 | €36,149 | -€97,675 | ▼ 370% |
| + Depreciation and write-downs630 | €12,091 | €11,663 | €21,404 | €23,189 | €13,937 | ▼ 39.9% |
| Operating cash flow (approximation) | €20,104 | €21,784 | €58,072 | €59,338 | -€83,738 | ▼ 241% |
| Investment in fixed assets (approximation) | - | -€25,164 | -€32,025 | -€6,837 | €23,417 | ▲ 443% |
| Change in cash | - | €35,800 | -€14,714 | €33,756 | -€24,764 | ▼ 173% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€97,675
Net result drops to -€97,675, the lowest in the series.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Highest result since 2018net €36,668 ▲262%
Operating result €54,070, net result €36,668, both a record.
31-12
Financial
Equity above €100,000Eq €109,771 ▲50.2%
6 profitable years in a row build equity to €109,771.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Peer · 1 establishment unit since 2016
Ground area
1,530 m²
Building footprint
317 m²
Volume, LiDAR
1 m³
Parcel 72030B0746/00P003, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Wethink BVBA
since 20162.248.375.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B0746/00P003 | Flanders | 1,530 m² | 1 · 317 m² | 0.5 m |
Linked by address, not proof of ownership
Good to know
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 · 7 entries · 29,998 EUR awarded · 29,698 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,152 EUR | 9,152 EUR |
| 2024 | 2 | 9,107 EUR | 8,863 EUR |
| 2023 | 2 | 5,471 EUR | 5,415 EUR |
| 2022 | 2 | 6,268 EUR | 6,268 EUR |
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Of 257 companies in sector 27402 we hold annual accounts for 157. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
71121Engineering and related technical consultancy, excluding land surveyors
22260Manufacture of rubber and plastic products
46474Wholesale trade
47552Retail sale of lighting equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644725445
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.