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WETS

Active
Private limited companyfounded 2018active for 8 yearsLotusstraat 46, 2610 Antwerpen, BelgiumKBO/BCE: BE 0705.851.083
Summary

The computed 12-month bankruptcy probability of WETS is 10.1% (high). The 2024 annual accounts show equity of €165,667 and a net result of €39,666. Equity has been growing by about 25% per year since 2019. Its solvency ranks better than 27% of 6,614 sector peers (NACE 49, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 26-09-2018 Normal situation
Activity
Freight transport by road NACE 49410
Establishment unit
2.280.536.613 2610 Antwerpen, since 26-09-2018
Financial year end
31 December
Peppol
Reachable since 11-12-2025

Board and ownership

Board

Financial position

32 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
10.1%
Annual accounts 2024
Gross margin
€437,700
▲ 17.3%
Turnover
≈ €990,000
estimated
Profit
€39,666
▼ 33.9%
Equity
€165,667
▲ 31.5%
Total assets
€1.1m
▲ 52.9%
Staff
≈ 4.4 FTE
estimated
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 28-11-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 118 days late; 3 of the last 3 accounts lateSector: Land transport and transport via pipelines (NACE 49)Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 42% of micro companies in land transport (NACE 49)
Financial strength · tick: 2023
Weak
Solvency 40-3
equity 15.2% of total assets
Liquidity 18-6
short-term debt 73.9% · cash 6.4%
Profitability 73-6
return on assets 3.6%
Bankruptcy probability within 12 months
10.1% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,098 companies, NACE 49, micro)
Last 24 months 12-2024: 2.1% 01-2025: 2.1%● unchanged vs 12-2024lowest value 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.1%● unchanged vs 02-2025 04-2025: 2.1%● unchanged vs 03-2025 05-2025: 2.1%● unchanged vs 04-2025 06-2025: 2.3%▲ +0.2 percentage points vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 5.4%▲ +2.9 percentage points vs 07-2025 09-2025: 5.9%▲ +0.5 percentage points vs 08-2025 10-2025: 8.3%▲ +2.4 percentage points vs 09-2025 11-2025: 8.5%▲ +0.2 percentage points vs 10-2025 12-2025: 4.2%▼ -4.3 percentage points vs 11-2025 01-2026: 4.2%● unchanged vs 12-2025 02-2026: 4.2%● unchanged vs 01-2026 03-2026: 4.3%▲ +0.1 percentage points vs 02-2026 04-2026: 4.6%▲ +0.3 percentage points vs 03-2026 05-2026: 4.8%▲ +0.2 percentage points vs 04-2026 06-2026: 4.9%▲ +0.1 percentage points vs 05-2026 07-2026: 5.3%▲ +0.4 percentage points vs 06-2026 08-2026: 6.1%▲ +0.8 percentage points vs 07-2026 09-2026: 6.6%▲ +0.5 percentage points vs 08-2026 10-2026: 10.1%▲ +3.5 percentage points vs 09-2026highest value 11-2026: 10.1%● unchanged vs 10-2026highest value
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.07 (1.08 in 2023), below the usual 1.5. Short-term debt is 73.9% and cash 6.4% of total assets. 84.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 27% of them on solvency, 16% on liquidity, 50% on profitability and 74% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · Figures for financial year 2024 (filed on 28-11-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 118 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 5 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 118 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
118 days late
2023
57 days late
2022
92 days late
2021
87 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 89 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 87% of companies in land transportsector median €5,857 · 6,581 companies €39,666 View
  • Positive: 5 profitable years in a rowprofit 2024: €39,666 5 years View

Recent changes

  1. · Gazette deed Registered office moved from Antwerpen to WilrijkTransfer of 25 shares
  2. · Gazette deed Change of role: IMAM Aydan Shyukryu, from manager to director
  3. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as WETS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €1m and €1.4m, founded between 2016 and 2019.

CompanyTotal assetsGross margin
WETS Antwerpen€1.1m€0.4m
TOON KOG CONTAINERS Mol€1.0m€0.4m
MSE LOGISTICS Antwerpen€1.4m€0.5m
LG GLOBAL FORWARDING Stabroek€1.2m€0.3m
Transhimal Maldegem€1.2m€0.5m
MSJ Tessenderlo-Ham€1.1m€0.5m
Exceptra Eeklo€1.2m€0.5m
Full comparison

Key facts about WETS

What is the company number of WETS?
The company number of WETS is 0705.851.083. The VAT number is the same number with BE in front: BE 0705.851.083.
Where is WETS based?
The registered office is at Lotusstraat 46, 2610 Antwerpen.Company details
What does WETS do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of WETS?
The legal form of WETS is Private limited company (BV).
When was WETS founded?
WETS was founded on 26-09-2018.
Is WETS still active?
Yes, WETS is an active enterprise in the KBO register.
What is the turnover of WETS?
The turnover in financial year 2024 is ≈ €990,000. This figure is estimated from the gross margin of €437,700 and 48 comparable companies (NACE 49410). It probably lies between €840,000 and €1.2m.Financials
Is WETS profitable?
In financial year 2024, WETS made a profit of €39,666.
Where can I find the annual accounts of WETS?
WETS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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