WETSINGHEN
ActiveSummary
WETSINGHEN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €412,870 and a net result of €24,623. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-24
Solvency78▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.6 in 2023; short-term debt: 41.4% and cash: 11.1% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
67 d late
2022
65 d late
2021
30 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Hélécine
Equity
€412,870▲ 6.3%
2023 · €388,247
Total assets
€771,976▼ 12.9%
2023 · €886,692
Net result
€24,623▼ 87.6%
2023 · €197,935
Working capital
€268,065▲ 8.6%
2023 · €246,884
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
Line20202021202220232024
Operating result€42,634▲ 0.9%€43,320▲ 1.6%€96,371▲ 122%€289,045▲ 200%€39,295▼ 86.4%
Net result€39,983▲ 3.4%€39,705▼ 0.7%€90,997▲ 129%€197,935▲ 118%€24,623▼ 87.6%
Equity€149,610▲ 36.5%€189,315▲ 26.5%€190,312▲ 0.5%€388,247▲ 104%€412,870▲ 6.3%
Total assets€489,255▲ 14.2%€632,451▲ 29.3%€684,022▲ 8.2%€886,692▲ 29.6%€771,976▼ 12.9%
Debt€339,645▲ 6.6%€443,136▲ 30.5%€493,710▲ 11.4%€487,195▼ 1.3%€347,856▼ 28.6%
Working capital€76,517▼ 11.4%€93,805▲ 22.6%€41,062▼ 56.2%€246,884▲ 501%€268,065▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -88% on 2023. Cause not known from the registers.
- 2023 Net result +118%, Equity +104% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 86% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €771,976
Fixed assets
€184,682 ▼ 19.8%
Current assets
€587,295 ▼ 10.5%
Equity and liabilities €771,976
Equity
€412,870 ▲ 6.3%
Provisions
€11,250 =
Debt
€347,856 ▼ 28.6%
Debt's share of the balance-sheet total falls from 54.9% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112,562▼
2023 · €367,597
Cash flow
€97,891▼
2023 · €276,487
Current ratio
1.84▲
2023 · 1.60
Quick ratio
1.26▲
2023 · 1.01
Debt to equity
0.84▼
2023 · 1.25
ROE
6.0%▼
2023 · 51.0%
ROA
3.2%▼
2023 · 22.3%
Interest coverage
51.86▼
2023 · 121.65
Debt ≤ 1 year
€319,229▼
2023 · €409,440
Debt > 1 year
€28,627▼
2023 · €77,754
Income taxes
€12,590▼
2023 · €76,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 14,684 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €31,000 | €139,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,134 | €44,911 | €69,983 | €78,552 | €73,267 | ▼ 6.7% |
| Other operating charges640/8 | - | €2,654 | €3,293 | €2,453 | €2,974 | ▲ 21.3% |
| Gross operating margin9900 | €75,170 | €90,885 | €169,647 | €370,050 | €115,536 | ▼ 68.8% |
| Operating profit (loss)9901 | €42,634 | €43,320 | €96,371 | €289,045 | €39,295 | ▼ 86.4% |
| Financial income75/76B | - | €13 | €210 | €143 | €89 | ▼ 37.7% |
| Recurring financial income75 | €100 | €13 | €210 | €143 | €89 | ▼ 37.7% |
| Financial charges65/66B | - | €3,460 | €3,412 | €3,022 | €2,171 | ▼ 28.2% |
| Recurring financial charges65 | €2,591 | €3,460 | €3,412 | €3,022 | €2,171 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €40,143 | €39,872 | €93,170 | €286,166 | €37,213 | ▼ 87.0% |
| Transfer to deferred taxes680 | - | - | - | €11,250 | - | - |
| Income taxes67/77 | €160 | €167 | €2,173 | €76,981 | €12,590 | ▼ 83.6% |
| Profit (loss) for the period9904 | €39,983 | €39,705 | €90,997 | €197,935 | €24,623 | ▼ 87.6% |
| Transfer to tax-exempt reserves689 | - | - | - | €33,750 | - | - |
| Profit (loss) for the period to be appropriated9905 | €39,983 | €39,705 | €90,997 | €164,185 | €24,623 | ▼ 85.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €489,255 | €632,451 | €684,022 | €886,692 | €771,976 | ▼ 12.9% |
| Fixed assets21/28 | €179,386 | €279,499 | €296,204 | €230,367 | €184,682 | ▼ 19.8% |
| Tangible fixed assets22/27 | €179,386 | €279,499 | €296,204 | €230,367 | €184,682 | ▼ 19.8% |
| Land and buildings22 | - | €14,985 | €14,985 | €14,985 | €14,985 | = |
| Plant, machinery and equipment23 | - | €141,098 | €111,946 | €89,018 | €79,579 | ▼ 10.6% |
| Furniture and vehicles24 | - | €10,667 | €46,949 | €27,434 | €14,586 | ▼ 46.8% |
| Other tangible fixed assets26 | - | €112,750 | €122,325 | €98,931 | €75,531 | ▼ 23.7% |
| Current assets29/58 | €309,870 | €352,952 | €387,818 | €656,324 | €587,295 | ▼ 10.5% |
| Stocks and contracts in progress3 | €11,026 | €109,517 | €121,416 | €242,980 | €185,562 | ▼ 23.6% |
| Stocks30/36 | - | €109,517 | €121,416 | €242,980 | €185,562 | ▼ 23.6% |
| Amounts receivable within one year40/41 | €197,938 | €221,739 | €237,224 | €287,146 | €316,134 | ▲ 10.1% |
| Trade receivables40 | - | €216,239 | €231,724 | €281,646 | €310,634 | ▲ 10.3% |
| Other amounts receivable41 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Cash at bank and in hand54/58 | €100,906 | €21,697 | €29,178 | €126,198 | €85,599 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €489,255 | €632,451 | €684,022 | €886,692 | €771,976 | ▼ 12.9% |
| Equity10/15 | €149,610 | €189,315 | €190,312 | €388,247 | €412,870 | ▲ 6.3% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €207,762 | €207,762 | €207,762 | €366,512 | €391,012 | ▲ 6.7% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €33,750 | €33,750 | = |
| Distributable reserves133 | - | €205,903 | €205,903 | €330,903 | €355,403 | ▲ 7.4% |
| Profit (loss) carried forward14 | -€76,744 | -€37,039 | -€36,042 | €3,142 | €3,266 | ▲ 3.9% |
| Provisions and deferred taxes16 | - | - | - | €11,250 | €11,250 | = |
| Deferred taxes168 | - | - | - | €11,250 | €11,250 | = |
| Amounts payable17/49 | €339,645 | €443,136 | €493,710 | €487,195 | €347,856 | ▼ 28.6% |
| Amounts payable after more than one year17 | €106,292 | €183,989 | €146,954 | €77,754 | €28,627 | ▼ 63.2% |
| Financial debts170/4 | - | €183,989 | €146,954 | €77,754 | €28,627 | ▼ 63.2% |
| Amounts payable within one year42/48 | €233,352 | €259,147 | €346,756 | €409,440 | €319,229 | ▼ 22.0% |
| Current portion of amounts payable after more than one year42 | - | €62,626 | €74,442 | €69,200 | €49,128 | ▼ 29.0% |
| Trade debts44 | €178,319 | €182,477 | €160,755 | €178,272 | €162,140 | ▼ 9.0% |
| Suppliers440/4 | - | €182,477 | €160,755 | €178,272 | €162,140 | ▼ 9.0% |
| Taxes, remuneration and social security45 | - | €851 | €8,545 | €85,851 | €99,266 | ▲ 15.6% |
| Taxes450/3 | - | €851 | €6,545 | €85,851 | €99,266 | ▲ 15.6% |
| Remuneration and social security454/9 | - | - | €2,000 | - | - | - |
| Other amounts payable47/48 | - | €13,194 | €103,013 | €76,117 | €8,695 | ▼ 88.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,983 | €39,705 | €90,997 | €197,935 | €24,623 | ▼ 87.6% |
| + Depreciation and write-downs630 | €31,134 | €44,911 | €69,983 | €78,552 | €73,267 | ▼ 6.7% |
| Operating cash flow (approximation) | €71,116 | €84,616 | €160,980 | €276,487 | €97,891 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | -€145,025 | -€86,688 | -€12,715 | -€27,582 | ▼ 117% |
| Change in cash | - | -€79,209 | €7,482 | €97,020 | -€40,599 | ▼ 142% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
31-12
Financial
Highest result since 2018net €197,935 ▲118%
Operating result €289,045, net result €197,935, both a record.
31-12
Financial
Equity above €200,000Eq €388,247 ▲104%
6 profitable years in a row build equity to €388,247.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €150,000Eq €189,315 ▲26.5%
4 profitable years in a row build equity to €189,315.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €100,000Eq €109,628 ▲54.5%
2 profitable years in a row build equity to €109,628.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hélécine · 1 establishment unit since 1986
Ground area
4,655 m²
Building footprint
303 m²
Volume, LiDAR
3,183 m³
Parcel 25069C0116/00E000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WETSINGHEN
since 19862.036.704.545
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25069C0116/00E000 | Wallonia | 4,655 m² | 1 · 303 m² | 13.6 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHélécine2.036.704.545
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Of 5,169 companies in sector 01110 we hold annual accounts for 614. 486 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
Founded06-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429064751
Also
9925:BE0429064751
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.