Financials
- Fiscal year
- 2024
- Total assets
- €73,649
- Profit
- €10,380
- Solvency
- 74.5%
Total assets▼ 1.2%
Net result
20212024
What Els
ActiveSummary
The computed 12-month bankruptcy probability of What Els is 2.4% (moderate). The 2024 annual accounts show equity of €54,847 and a net result of €10,380. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 26033 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47113
1 site
Size
€73,649total assets 2024
- Equity
- €54,847
- Profit
- €10,380
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 1 deed read
Why 54- 1 financial year not filed after the legal deadline; latest accounts 141 days late; 3 of the last 3 late- Figures for FY 2024 (filed 19-12-2025)- Founded in 2021+ Liquidity: current ratio 3.55, cash €33,797Show the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 73% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
99+14
equity 74.5% of total assets
Liquidity
90+9
short-term debt 25.5% · cash 45.9%
Profitability
62-21
return on assets 14.1%
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.1%highest value
12-2024: 7.1%● 0.0% vs 11-2024highest value
01-2025: 6.5%▼ -8.6% vs 12-2024
02-2025: 6.5%● 0.0% vs 01-2025
03-2025: 6.5%● 0.0% vs 02-2025
04-2025: 6.5%● 0.0% vs 03-2025
05-2025: 6.3%▼ -3.7% vs 04-2025
06-2025: 1.7%▼ -73.3% vs 05-2025
07-2025: 1.7%▲ +1.8% vs 06-2025
08-2025: 2.4%▲ +41.9% vs 07-2025
09-2025: 2.7%▲ +13.1% vs 08-2025
10-2025: 4.2%▲ +55.3% vs 09-2025
11-2025: 4.0%▼ -5.8% vs 10-2025
12-2025: 5.4%▲ +34.9% vs 11-2025
01-2026: 1.0%▼ -81.9% vs 12-2025lowest value
02-2026: 1.0%● 0.0% vs 01-2026lowest value
03-2026: 1.0%▲ +0.2% vs 02-2026
04-2026: 1.0%▲ +1.8% vs 03-2026
05-2026: 1.0%▲ +4.0% vs 04-2026
06-2026: 1.0%▼ -4.3% vs 05-2026
07-2026: 1.0%▲ +0.4% vs 06-2026
08-2026: 1.4%▲ +46.1% vs 07-2026
09-2026: 1.6%▲ +9.9% vs 08-2026
10-2026: 2.4%▲ +53.6% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 141 days late; 3 of the last 3 late raises the probability
- Figures for FY 2024 (filed 19-12-2025) raises the probability
- Liquidity: current ratio 3.55, cash €33,797 lowers the probability
- Founded in 2021 raises the probability for this profile
Credit up to €2,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.55 against 2.19 in 2023; short-term debt: 25.5% and cash: 45.9% of total assets), and 25.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 84%, liquidity 91%, profitability 43%, growth against the median 75%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 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 19-12-2025, 141 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
141 d late
2023
294 d late
2022
764 d late
2021
1129 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 582 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2022 · micro…
- Annual accounts filedfiscal year 2021 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2022
- 19-12-2025Annual accounts filed
- 02-09-2025Annual accounts filed
- 02-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 12-05-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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