WEVACO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-05-2026 PDF all 8 filings
Turnover
€232,500
EBIT margin
50.1%
Net result
€750,285▲ 21.9%
2024 · €615,538
Working capital
-€203,716▲ 40.5%
2024 · -€342,105
In the rankings
#1 company by total assets in Sint-Truiden, Accommodation and food service sector#1 company by equity in Sint-Truiden, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€1.0m
▲ 19.1%
2025
20182025
Net result
€750,285
▲ 21.9%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€6.2m
▲ 12.1%
2025
highest quarter of the sector
20182025
Total assets
€10.9m
▲ 0.4%
2025
highest quarter of the sector
20182025
Debt
€4.7m
▼ 11.6%
2025
20182025
Working capital
-€203,716
▲ 40.5%
2025
middle half of the sector
20182025
Solvency
56.7%
▲ 5.9pp
2025
highest quarter of the sector
20182025
Current ratio
0.77
▲ 0.03
2025
middle half of the sector
20182025
Return on assets (ROA)
6.9%
▲ 1.2pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.2m-
Operating result€0.1m-€0.3m▲ 117%€0.3m▲ 1.3%€0.3m▲ 7.9%€0.6m▲ 107%€0.9m▲ 66.0%€0.9m▼ 7.3%€1.0m▲ 19.1%
Net result€0.05m-€0.1m▲ 161%€0.1mabove the sector's middle half▲ 7.5%€0.2mabove the sector's middle half▲ 3.5%€0.4mabove the sector's middle half▲ 147%€0.7mabove the sector's middle half▲ 77.4%€0.6mabove the sector's middle half▼ 6.9%€0.8mabove the sector's middle half▲ 21.9%
EBIT margin50.1%-
Equity€1.6m-€1.7m▲ 8.8%€1.8mabove the sector's middle half▲ 8.7%€2.0mabove the sector's middle half▲ 8.2%€2.4mabove the sector's middle half▲ 18.8%€5.4mabove the sector's middle half▲ 128%€5.5mabove the sector's middle half▲ 2.2%€6.2mabove the sector's middle half▲ 12.1%
Total assets€5.8m-€6.4m▲ 10.6%€6.4mabove the sector's middle half▼ 1.0%€8.2mabove the sector's middle half▲ 28.2%€8.1mabove the sector's middle half▼ 1.0%€10.2mabove the sector's middle half▲ 26.8%€10.8mabove the sector's middle half▲ 5.7%€10.9mabove the sector's middle half▲ 0.4%
Debt€4.3m-€4.7m▲ 11.2%€4.5m▼ 4.4%€6.2m▲ 36.3%€5.7m▼ 7.4%€4.9m▼ 14.9%€5.3m▲ 9.6%€4.7m▼ 11.6%
Working capital-€0.4m--€0.5m▼ 33.0%-€0.5mbelow the sector's middle half▲ 8.1%-€0.9mbelow the sector's middle half▼ 79.9%-€0.7mbelow the sector's middle half▲ 20.7%-€0.4mbelow the sector's middle half▲ 43.5%-€0.3mbelow the sector's middle half▲ 10.2%-€0.2mwithin the sector's middle half▲ 40.5%
Solvency26.7%-26.3%▼ 0.4pp28.8%within the sector's middle half▲ 2.6pp24.4%within the sector's middle half▼ 4.5pp29.2%within the sector's middle half▲ 4.9pp52.5%within the sector's middle half▲ 23.3pp50.7%within the sector's middle half▼ 1.8pp56.7%above the sector's middle half▲ 5.9pp
Current ratio0.07-0.07=0.11below the sector's middle half▲ 0.040.04below the sector's middle half▼ 0.070.28below the sector's middle half▲ 0.240.30below the sector's middle half▲ 0.020.73within the sector's middle half▲ 0.440.77within the sector's middle half▲ 0.03
Return on assets (ROA)0.9%-2.1%▲ 1.2pp2.3%within the sector's middle half▲ 0.2pp1.9%within the sector's middle half▼ 0.4pp4.6%within the sector's middle half▲ 2.8pp6.5%within the sector's middle half▲ 1.8pp5.7%within the sector's middle half▼ 0.8pp6.9%above the sector's middle half▲ 1.2pp
above
within
below
The sector band is the middle half of the companies in Accommodation (NACE 55). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 19% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Large changes and their cause
- 2023 Net result +77%, Equity +128% on 2022. Part of WEBECO received in a demerger, proposed with effect from 01-07-2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.9m
Fixed assets
€10.2m ▲ 3.1%
Current assets
€672,635 ▼ 28.3%
Equity and liabilities €10.9m
Equity
€6.2m ▲ 12.1%
Debt
€4.7m ▼ 11.6%
Debt's share of the balance-sheet total falls from 49.3% to 43.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.5m▲
2024 · €1.4m
Cash flow
€1.2m▲
2024 · €1.1m
Debt to equity
0.77▼
2024 · 0.97
ROE
12.2%▲
2024 · 11.2%
Interest coverage
21.94▼
2024 · 23.06
Debt ≤ 1 year
€876,351▼
2024 · €1.3m
Debt > 1 year
€3.8m▼
2024 · €4.0m
Income taxes
€226,892▲
2024 · €205,179
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €5.7m | €3.5m | €3.1m | €2.8m | €2.4m |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Carrying value of the mortgaged assets | €8.1m | €7.8m | €6.5m | €6.0m | €6.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.0m | €1.9m | €2.4m | €281,100 | €801,720 |
| Depreciation and write-downs of the year | €220,043 | €307,400 | €415,108 | €475,180 | €491,121 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 3.4% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.006m | €0.01m | €0.04m | €0.2m | ▲ 436% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.01m | - |
| Gross operating margin9900 | €0.2m | €0.5m | €0.5m | €0.5m | €0.9m | €1.4m | €1.4m | €1.8m | ▲ 25.9% |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.3m | €0.3m | €0.6m | €0.9m | €0.9m | €1.0m | ▲ 19.1% |
| Financial income75/76B | - | - | - | - | €0.001m | - | - | €0 | - |
| Recurring financial income75 | €0 | - | - | - | €0.001m | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | €0.07m | ▲ 19.4% |
| Recurring financial charges65 | €0.06m | €0.06m | €0.06m | €0.07m | €0.07m | €0.06m | €0.06m | €0.07m | ▲ 19.4% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.2m | €0.2m | €0.2m | €0.5m | €0.9m | €0.8m | €1.0m | ▲ 19.1% |
| Income taxes67/77 | €0.009m | €0.06m | €0.05m | €0.05m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 10.6% |
| Profit (loss) for the period9904 | €0.05m | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | €0.6m | €0.8m | ▲ 21.9% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | €0.6m | €0.8m | ▲ 21.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.8m | €6.4m | €6.4m | €8.2m | €8.1m | €10.2m | €10.8m | €10.9m | ▲ 0.4% |
| Fixed assets21/28 | €5.8m | €6.4m | €6.3m | €8.1m | €7.8m | €10.1m | €9.9m | €10.2m | ▲ 3.1% |
| Tangible fixed assets22/27 | €5.8m | €6.4m | €6.3m | €8.1m | €7.8m | €10.1m | €9.9m | €10.2m | ▲ 3.1% |
| Land and buildings22 | - | - | - | €6.2m | €7.8m | €10.1m | €9.6m | €10.0m | ▲ 4.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.05m | €0.2m | ▲ 210% |
| Assets under construction and advance payments27 | - | - | - | €1.9m | - | - | €0.2m | - | - |
| Current assets29/58 | €0.03m | €0.04m | €0.06m | €0.04m | €0.3m | €0.2m | €0.9m | €0.7m | ▼ 28.3% |
| Amounts receivable within one year40/41 | €0.01m | €0.004m | €0.001m | €330 | €0.2m | €0.1m | €0.2m | €0.4m | ▲ 74.9% |
| Trade receivables40 | - | - | - | - | €0.2m | €0.1m | €0.1m | €0.4m | ▲ 174% |
| Other amounts receivable41 | - | - | - | €330 | €0.001m | €0.009m | €0.08m | €0.02m | ▼ 79.5% |
| Cash at bank and in hand54/58 | €0.01m | €0.03m | €0.05m | €0.03m | €0.04m | €0.04m | €0.7m | €0.3m | ▼ 58.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.01m | €0.01m | €0.008m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.8m | €6.4m | €6.4m | €8.2m | €8.1m | €10.2m | €10.8m | €10.9m | ▲ 0.4% |
| Equity10/15 | €1.6m | €1.7m | €1.8m | €2.0m | €2.4m | €5.4m | €5.5m | €6.2m | ▲ 12.1% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.9m | €1.9m | €1.9m | = |
| Capital10 | - | - | - | €1.5m | €1.5m | €1.9m | €1.9m | €1.9m | = |
| Issued capital100 | - | - | - | €1.5m | €1.5m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €0.05m | €0.2m | €0.3m | €0.5m | €0.9m | €3.5m | €3.6m | €4.3m | ▲ 18.4% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.7m | €3.3m | €3.4m | €4.1m | ▲ 19.3% |
| Amounts payable17/49 | €4.3m | €4.7m | €4.5m | €6.2m | €5.7m | €4.9m | €5.3m | €4.7m | ▼ 11.6% |
| Amounts payable after more than one year17 | €3.8m | €4.2m | €4.0m | €5.3m | €4.8m | €4.3m | €4.0m | €3.8m | ▼ 5.4% |
| Financial debts170/4 | - | - | - | €5.2m | €4.7m | €4.2m | €3.9m | €3.7m | ▼ 5.6% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €0.5m | €0.9m | €0.9m | €0.5m | €1.3m | €0.9m | ▼ 31.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 12.8% |
| Trade debts44 | €0.003m | €0.01m | €0.005m | €0.002m | €0.005m | €197 | €0.2m | €0.2m | ▼ 24.2% |
| Suppliers440/4 | - | - | - | €0.002m | €0.005m | €197 | €0.2m | €0.2m | ▼ 24.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.1m | - | - | €0.05m | - |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | - | - | €0.05m | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.04m | €0.5m | €0.08m | ▼ 84.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.008m | €0.008m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | €0.6m | €0.8m | ▲ 21.9% |
| + Depreciation and write-downs630 | €0.08m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 3.4% |
| Operating cash flow (approximation) | €0.1m | €0.3m | €0.4m | €0.4m | €0.7m | €1.1m | €1.1m | €1.2m | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.1m | -€2.0m | -€0.002m | -€2.7m | -€0.3m | -€0.8m | ▼ 185% |
| Change in cash | - | €0.02m | €0.02m | -€0.02m | €0.009m | -€0.001m | €0.7m | -€0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 153 companies had the same profile as WEVACO has now. Two years later, 96.1% were still going and 0.0% had gone bankrupt.
- Medium-sized
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.1%
was still going
3.9%
stopped otherwise
0.0%
went bankrupt
That fits the bankruptcy probability of WEVACO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 153 companies, not a prediction for WEVACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-05-2026 | 2026-00118078 | |
| 31-12-2024 | abbreviated format | 13-05-2025 | 2025-00093710 | |
| 31-12-2023 | abbreviated format | 14-06-2024 | 2024-00133517 | |
| 31-12-2022 | abbreviated format | 08-05-2023 | 2023-00082392 | |
| 31-12-2021 | abbreviated format | 12-09-2022 | 2022-20427351 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-25000150 | |
| 31-12-2019 | abbreviated format | 15-06-2020 | 2020-18000429 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-29400358 |