WETS

Active

Private limited companyfounded 20187 yrs activeLotusstraat 46, 2610 Antwerpen, BelgiumKBO/BCE: BE 0705.851.083

The computed 12-month bankruptcy probability of WETS is 2.7% (moderate). The 2024 annual accounts show equity of €166k and a net result of €40k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 6717 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability73▼-6

Solvency40▼-3

Growth78=

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days only on tighter terms

Liquidity tight (current ratio 1.07 against 1.08 in 2023; short-term debt: 73.9% and cash: 6.4% of total assets), and 84.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

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 26-11-2025, 118 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

118 d late

2023

57 d late

2022

92 d late

2021

87 d late

2019

90 d late

← before the deadline after the deadline →

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 2024, micro schema

Equity

€166k▲ 31.5%

2023 · €126k

2019: €50k 2021: €93k 2022: €106k 2023: €126k

2019 → 2024

Total assets

€1.09M▲ 52.9%

2023 · €712k

2019: €209k 2021: €384k 2022: €387k 2023: €712k

2019 → 2024

Net result

€40k▼ 33.9%

2023 · €60k

2019: €26k 2021: €7k 2022: €13k 2023: €60k

2019 → 2024

Working capital

€57k▲ 66.5%

2023 · €34k

2019: €30k 2021: €63k 2022: €70k 2023: €34k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192021202220232024Trend

Equity€50k-€93k▲ 84.7%€106k▲ 13.9%€126k▲ 18.8%€166k▲ 31.5%

Operating result€40k-€19k▼ 53.3%€26k▲ 35.7%€83k▲ 224%€72k▼ 13.5%

Net result€26k-€7k▼ 72.8%€13k▲ 84.9%€60k▲ 365%€40k▼ 33.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 13% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.09M

20.9%

79.1%

Fixed assets €227k▼ 5.4%

Current assets €861k▲ 82.7%

Equity and liabilities €1.09M

15.2%

84.8%

Equity €166k▲ 31.5%

Debt €922k▲ 57.5%

The debt ratio rises from 82.3% to 84.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€159k▲

2023 · €153k

Cash flow

€127k▼

2023 · €130k

Solvency

15.2%▼

2023 · 17.7%

Current ratio

1.07▼

2023 · 1.08

Quick ratio

1.07▼

2023 · 1.08

Debt / equity

5.57▲

2023 · 4.65

ROE

23.9%▼

2023 · 47.6%

ROA

3.6%▼

2023 · 8.4%

Interest coverage

10.29▲

2023 · 9.68

Debt

€922k▲

2023 · €586k

Debt ≤ 1 year

€804k▲

2023 · €437k

Debt > 1 year

€119k▼

2023 · €149k

Income taxes

€17k▲

2023 · €7k

Staff costs

€271k▲

2023 · €210k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€712k€1.09M▲

Fixed assets21/28€241k€227k▼

Tangible fixed assets22/27€241k€227k▼

Furniture and vehicles24€9k€5k▼

Leasing and similar rights25€232k€222k▼

Current assets29/58€471k€861k▲

Amounts receivable within one year40/41€433k€790k▲

Trade receivables40€394k€740k▲

Other amounts receivable41€39k€50k▲

Cash at bank and in hand54/58€37k€70k▲

Deferred charges and accrued income490/1€1k-

Equity and liabilities

Total equity and liabilities10/49€712k€1.09M▲

Equity10/15€126k€166k▲

Contributions10/11€25k€25k=

Outside capital11€25k€25k=

Other1109/19€25k€25k=

Profit (loss) carried forward14€101k€141k▲

Amounts payable17/49€586k€922k▲

Amounts payable after more than one year17€149k€119k▼

Financial debts170/4€149k€119k▼

Amounts payable within one year42/48€437k€804k▲

Current portion of amounts payable after more than one year42€62k€81k▲

Trade debts44€271k€587k▲

Suppliers440/4€271k€587k▲

Taxes, remuneration and social security45€60k€94k▲

Taxes450/3€12k€17k▲

Remuneration and social security454/9€48k€77k▲

Other amounts payable47/48€44k€41k▼

Income statement Code20232024

Non-recurring operating income76A€38k-

Remuneration, social security and pensions62€210k€271k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€87k▲

Other operating charges640/8€10k€7k▼

Gross operating margin9900€373k€438k▲

Operating profit (loss)9901€83k€72k▼

Financial income75/76B€2€59▲

Recurring financial income75€2€59▲

Financial charges65/66B€16k€15k▼

Recurring financial charges65€16k€15k▼

Profit (loss) for the period before taxes9903€67k€57k▼

Income taxes67/77€7k€17k▲

Profit (loss) for the period9904€60k€40k▼

Profit (loss) for the period to be appropriated9905€60k€40k▼

Appropriation of the result

Profit (loss) to be appropriated9906€141k€141k▼

Profit (loss) brought forward from the previous period14P€81k€101k▲

Profit to be distributed694/7€40k-

Directors or managers695€40k-

The notes to these accounts (6 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

All 9Financial 4Filings 5

2025

26-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 118 days late

2024

31-12

Financial Equity above €150kEq €166k ▲31.5%

5 profitable years in a row build equity to €166k.

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Highest result since 2019net €60k ▲365%

Operating result €83k, net result €60k, both a record.

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

2022

31-12

Financial Equity above €100kEq €106k ▲13.9%

3 profitable years in a row build equity to €106k.

26-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 87 days late

2021

31-12

Financial Weakest financial yearnet €7k ▼72.8%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

2020

29-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 90 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Antwerpen · 1 establishment unit since 2018

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.

Lotusstraat 462610 Antwerpen

Ground area

161 m²

Building footprint

93 m²

Volume, LiDAR

447 m³

Parcel 11462A0127/00C014, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

WETS

Lotusstraat 46, 2610 AntwerpenFreight transport by road

since 20182.280.536.613

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11462A0127/00C014	Flanders	160 m²	1 · 93 m²	7.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

MEGA SERVICES BELGIUM

BE 0533.914.823

Gent · Eq €165k

Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 6,318 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-09-2018

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.