WIDETECH
ActiveSummary
WIDETECH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €528,076 and a net result of -€45,267. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 6 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
On 25 May 2012, WIDETECH was incorporated, with a starting capital of EUR 105,600.12 The registered office moved to Angleur in 2012, to Gråce-Hollogne in 2013 and to Herstal in 2023.345 The capital was increased 4 times between 2014 and 2018, most recently to EUR 1.9 million.678 The name was changed to WIDETECH in 2015.9 Of the 6 current board members, VRIELYNCK Bruno Pascal Claude has served longest, since 2012.10 Total assets went from EUR 959,069 in 2018 to EUR 1.5 million in 2024 and headcount from 4.4 to 8.6 full-time equivalents.11
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 05-06-2012
- 3Belgian State Gazette, 11-09-2012
- 4Belgian State Gazette, 08-08-2013
- 5Belgian State Gazette, 26-06-2023
- 6Belgian State Gazette, 27-02-2014
- 7Belgian State Gazette, 07-01-2016
- 8Belgian State Gazette, 29-03-2018
- 9Belgian State Gazette, 27-02-2015
- 10Belgian State Gazette, 23-11-2020
- 11National Bank, annual accounts 2018 and 2024
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 6,915 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €470,588 | €498,327 | €593,484 | €677,535 | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,693 | €125,440 | €146,414 | €171,359 | €194,579 | ▲ 13.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €2,000 | -€2,000 | - | - |
| Other operating charges640/8 | - | €41,880 | €33,468 | €39,988 | €18,768 | ▼ 53.1% |
| Non-recurring operating charges66A | - | €9,676 | - | - | - | - |
| Gross operating margin9900 | €362,844 | €453,498 | €712,248 | €820,483 | €843,642 | ▲ 2.8% |
| Operating profit (loss)9901 | -€196,616 | -€194,086 | €32,038 | €17,653 | -€47,239 | ▼ 368% |
| Financial income75/76B | - | €47,157 | €42,147 | €42,343 | €30,293 | ▼ 28.5% |
| Recurring financial income75 | €42,148 | €42,157 | €42,147 | €42,343 | €30,293 | ▼ 28.5% |
| Non-recurring financial income76B | - | €5,000 | - | - | - | - |
| Financial charges65/66B | - | €21,977 | €20,846 | €30,136 | €38,923 | ▲ 29.2% |
| Recurring financial charges65 | €14,384 | €21,977 | €20,846 | €30,136 | €38,923 | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | -€168,853 | -€168,907 | €53,339 | €29,860 | -€55,869 | ▼ 287% |
| Income taxes67/77 | -€5,482 | -€3,319 | -€3,580 | -€14,889 | -€10,603 | ▲ 28.8% |
| Profit (loss) for the period9904 | -€163,371 | -€165,588 | €56,919 | €44,749 | -€45,267 | ▼ 201% |
| Profit (loss) for the period to be appropriated9905 | -€163,371 | -€165,588 | €56,919 | €44,749 | -€45,267 | ▼ 201% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 0.7% |
| Fixed assets21/28 | €750,735 | €814,483 | €832,027 | €1.0m | €1.1m | ▲ 13.8% |
| Intangible fixed assets21 | €737,622 | €812,204 | €825,360 | €982,275 | €1.1m | ▲ 14.1% |
| Tangible fixed assets22/27 | €563 | €2,229 | €6,616 | €18,914 | €18,095 | ▼ 4.3% |
| Furniture and vehicles24 | - | €2,229 | €6,616 | €9,409 | €6,718 | ▼ 28.6% |
| Other tangible fixed assets26 | - | - | - | €9,505 | €11,376 | ▲ 19.7% |
| Financial fixed assets28 | €12,550 | €50 | €50 | €50 | €266 | ▲ 432% |
| Current assets29/58 | €719,935 | €797,731 | €638,577 | €536,979 | €388,581 | ▼ 27.6% |
| Stocks and contracts in progress3 | €92,223 | €110,965 | €168,210 | €224,202 | - | - |
| Contracts in progress37 | - | €110,965 | €168,210 | €224,202 | - | - |
| Amounts receivable within one year40/41 | €207,052 | €334,053 | €373,738 | €227,763 | €329,993 | ▲ 44.9% |
| Trade receivables40 | - | €328,844 | €335,586 | €196,415 | €276,719 | ▲ 40.9% |
| Other amounts receivable41 | - | €5,209 | €38,152 | €31,348 | €53,274 | ▲ 69.9% |
| Cash at bank and in hand54/58 | €349,995 | €293,873 | €36,442 | €31,229 | €620 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | €58,841 | €60,187 | €53,785 | €57,968 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 0.7% |
| Equity10/15 | €793,960 | €586,237 | €601,021 | €603,635 | €528,076 | ▼ 12.5% |
| Contributions10/11 | €760,000 | €760,000 | €760,000 | €760,000 | €760,000 | = |
| Capital10 | - | €760,000 | €760,000 | €760,000 | €760,000 | = |
| Issued capital100 | - | €760,000 | €760,000 | €760,000 | €760,000 | = |
| Profit (loss) carried forward14 | -€139,632 | -€305,219 | -€248,300 | -€203,551 | -€248,817 | ▼ 22.2% |
| Investment grants15 | - | €131,456 | €89,321 | €47,185 | €16,893 | ▼ 64.2% |
| Provisions and deferred taxes16 | - | - | €2,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €2,000 | - | - | - |
| Environmental obligations163 | - | - | €2,000 | - | - | - |
| Amounts payable17/49 | €676,709 | €1.0m | €867,583 | €934,583 | €999,669 | ▲ 7.0% |
| Amounts payable after more than one year17 | €229,404 | €289,085 | €69,117 | €34,559 | €128,635 | ▲ 272% |
| Financial debts170/4 | - | €289,085 | €69,117 | €34,559 | €128,635 | ▲ 272% |
| Amounts payable within one year42/48 | €447,270 | €672,125 | €798,368 | €900,024 | €799,830 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €211,350 | €210,338 | €8,494 | €35,818 | ▲ 322% |
| Financial debts43 | - | - | €17,998 | €76,297 | €126,909 | ▲ 66.3% |
| Credit institutions430/8 | - | - | €17,998 | €76,297 | €126,909 | ▲ 66.3% |
| Trade debts44 | €70,433 | €72,970 | €245,929 | €224,454 | €292,056 | ▲ 30.1% |
| Suppliers440/4 | - | €72,970 | €245,929 | €224,454 | €292,056 | ▲ 30.1% |
| Advances received on contracts in progress46 | - | €218,440 | €177,490 | €301,857 | €20,000 | ▼ 93.4% |
| Taxes, remuneration and social security45 | - | €110,218 | €79,458 | €136,522 | €130,707 | ▼ 4.3% |
| Taxes450/3 | - | €33,339 | €13,758 | €20,898 | €14,317 | ▼ 31.5% |
| Remuneration and social security454/9 | - | €76,878 | €65,700 | €115,624 | €116,390 | ▲ 0.7% |
| Other amounts payable47/48 | - | €59,147 | €67,157 | €152,401 | €194,340 | ▲ 27.5% |
| Accrued charges and deferred income492/3 | - | €64,767 | €97 | - | €71,205 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€163,371 | -€165,588 | €56,919 | €44,749 | -€45,267 | ▼ 201% |
| + Depreciation and write-downs630 | €103,693 | €125,440 | €146,414 | €171,359 | €194,579 | ▲ 13.6% |
| Operating cash flow (approximation) | -€59,678 | -€40,147 | €203,334 | €216,108 | €149,312 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€189,189 | -€163,957 | -€340,571 | -€332,503 | ▲ 2.4% |
| Change in cash | - | -€56,123 | -€257,430 | -€5,214 | -€30,609 | ▼ 487% |
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
17-08
State Gazette act
Reappointments: INVEST FOR JOBS SA (director) and Bruno Vrielynck (director)Power of attorney15 facts ▸
- General meeting, 01-06-2026
- Other statement, président, présidence de l'assemblée
- Other statement, secrétaire, secrétariat de l'assemblée
- Other statement, scrutateur, scrutatin de l'assemblée
- Other statement, renonciation aux formalités de convocation, connaissance parfaite de l'ordre du jour et information des points à délibérer
- Other statement, présence, majorité des actionnaires et tous les administrateurs présents ou représentés
- Director reappointment, INVEST FOR JOBS SA (director)
- Director reappointment, Bruno Vrielynck (director)
- Board composition, Bruno Vrielynck (administrateur président du conseil d'administration)
- Board composition, Olivier Martin-Schmets (managing director)
- Board composition, INVEST FOR JOBS SA (director)
- Board composition, Nicolas Vrielynck (director)
- +3 further facts in this act
13-03
State Gazette act
Resignations: NOSHAQ PARTNERS (director) and Stéphanie SACRE (permanent representative)2 facts ▸
- Director resignation, NOSHAQ PARTNERS (director)
- Director resignation, Stéphanie SACRE (permanent representative)
30-07
State Gazette act
Resignation: Alain NIESSEN (director)Appointments: Nicolas VRIELYNCK (director) and RSM InterAudit (statutory auditor) · Permanent representative: Vincent Thyrion · Director discharge7 facts ▸
- General meeting, 23-05-2024
- Director resignation, Alain NIESSEN (director)
- Director discharge, Alain NIESSEN
- Director appointment, Nicolas VRIELYNCK (director)
- Mandate compensation, Nicolas VRIELYNCK
- Auditor appointment, RSM InterAudit
- Permanent representative, Vincent Thyrion
26-06
State Gazette act
Resignation: Alain NIESSEN (daily management delegate)2 facts ▸
- Board meeting, 09-11-2023
- Director resignation, Alain NIESSEN (daily management delegate)
26-06
State Gazette act
Resignations: Hervé CLOSON (director) and Bruno VIERLYNCK (daily management delegate)Appointment: Olivier MARTIN SCHMETS (director) · Permanent representative: Stéphanie SACRE · Director discharge9 facts ▸
- General meeting, 30-05-2023
- Director resignation, Hervé CLOSON (director)
- Director discharge, Hervé CLOSON
- Director appointment, Olivier MARTIN SCHMETS (director)
- Director appointment, Olivier MARTIN SCHMETS (day-to-day manager)
- Director resignation, Bruno VIERLYNCK (daily management delegate)
- Registered-office move, Rue de Hermée 245 à 4040 HERSTAL
- Permanent representative, Stéphanie SACRE
- General meeting, 30-05-2023
29-12
State Gazette act
Capital & shares · Statutes amendmentCapital · Share split · Share classes7 facts ▸
- General meeting, 20-12-2022
- Capital, €760.000
- Share split, 1:100, 1032900
- Share classes, 494600, 538300
- Share issue, Warrants ESOP, 206580
- Capital increase
- Power of attorney, Conseil d'administration
08-07
State Gazette act
Resignation: Jean-Claude JUNGELS (independent director)Reappointment: SRL Alain Lohienne Réviseurs d'entreprises (statutory auditor) · Admission: Invest for Jobs (member)4 facts ▸
- General meeting, 30-05-2022
- Director resignation, Jean-Claude JUNGELS (independent director)
- Auditor reappointment, SRL Alain Lohienne Réviseurs d'entreprises
- Member admission, Invest for Jobs
Show earlier events
23-11
State Gazette act
Reappointments: Alain NIESSEN, Bruno VRIELYNCK and 3 othersAppointments: Alain NIESSEN (managing director) and Bruno VRIELYNCK (managing director) · Mandate compensation16 facts ▸
- General meeting, 27-05-2020
- Director reappointment, Alain NIESSEN (director)
- Director reappointment, Bruno VRIELYNCK (director)
- Director reappointment, Hervé CLOSON (director)
- Director reappointment, Jean-Claude JUNGELS (director)
- Director reappointment, NOSHAQ PARTNERS (director)
- Mandate compensation, Alain NIESSEN
- Mandate compensation, Bruno VRIELYNCK
- Mandate compensation, Hervé CLOSON
- Mandate compensation, Jean-Claude JUNGELS
- Mandate compensation, NOSHAQ PARTNERS
- Board meeting, 27-05-2020
- +4 further facts in this act
10-12
State Gazette act
Capital & shares · Statutes amendmentCapital decrease · Capital · Share class8 facts ▸
- General meeting, 05-12-2019
- Capital decrease, €1.102.700
- Statutes amendment
- Capital, €760.000
- Share class, 10329, 4946
- Share reclassification, En cas de cession d'actions d'une classe à un tiers, celles-ci seront classifiées dans la classe A.
- Board composition, Deux administrateurs seront élus par l'assemblée générale sur une liste de candidats proposée par les actionnaires détenteurs des actions de classe B.
- Representation, La société est valablement représentée par un administrateur de classe A agissant conjointement avec un administrateur de classe B.
04-09
State Gazette act
Appointment: bureau Lonhienne (statutory auditor)2 facts ▸
- General meeting, 03-06-2019
- Auditor appointment, bureau Lonhienne
29-03
State Gazette act
Capital & sharesCapital increase · Capital · Statutes amendment5 facts ▸
- General meeting, 26-03-2018
- Capital increase, €379.500
- Capital increase, €865.200
- Capital, €1.862.700
- Statutes amendment
07-01
State Gazette act
Permanent representative: TYREKIDIS JoannaCapital increase · Share issue · Capital6 facts ▸
- General meeting, 22-12-2015
- Capital increase, €254.500
- Share issue, 2545
- Capital, €618.000
- Statutes amendment
- Permanent representative, TYREKIDIS Joanna
27-02
State Gazette act
Resignation: JONKERS Raymond (director)Reappointments: NIESSEN Alain Joseph Dominique (director) and VRIELYNCK Bruno (director) · Appointments: CLOSON Hervé, JUNGELS Jean-Claude and 3 others · Permanent representative: FELLIN Benoît14 facts ▸
- General meeting, 13-02-2015
- Capital increase, €85.000
- Capital, €363.500
- Name change, WIDETECH
- Director resignation, JONKERS Raymond (director)
- Director reappointment, NIESSEN Alain Joseph Dominique (director)
- Director reappointment, VRIELYNCK Bruno (director)
- Director appointment, CLOSON Hervé (director)
- Director appointment, JUNGELS Jean-Claude (director)
- Director appointment, INVESTPARTNER (director)
- Permanent representative, FELLIN Benoît
- Director appointment, VRIELYNCK Bruno (président du conseil)
- +2 further facts in this act
27-02
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Capital20 facts ▸
- General meeting, 10-02-2014
- Capital increase, €172.900
- Share issue, 750
- Share issue, 75
- Share issue, 50
- Share issue, 50
- Share issue, 80
- Share issue, 9
- Share issue, 20
- Share issue, 150
- Share issue, 80
- Share issue, 80
- +8 further facts in this act
08-08
State Gazette act
Appointments: Bruno Vrielynck (administrateur délégué / chief technical officer) and Alain Niessen (administrateur délégué / chief operating officer)Registered-office move · Statutes amendment5 facts ▸
- Board meeting, 15-07-2013
- Registered-office move, Rue Saint Exupéry, 17 à 4460 Gråce-Hollogne
- Director appointment, Bruno Vrielynck (administrateur délégué / chief technical officer (cto))
- Director appointment, Alain Niessen (administrateur délégué / chief operating officer (coo))
- Statutes amendment
11-09
State Gazette act
Resignation: Alain Niessen (managing director)Appointment: Bruno Vrielynck (managing director) · Registered-office move4 facts ▸
- Board meeting
- Registered-office move, Rue de la Belle Jardinière, 436 à 4031 Angleur
- Director resignation, Alain Niessen (managing director)
- Director appointment, Bruno Vrielynck (managing director)
05-06
State Gazette act
IncorporationAppointments: Niessen Alain, VRIELYNCK Bruno Pascal Claude and Jonkers Raymond · Founding capital · Bank account19 facts ▸
- Incorporation, 16-05-2012
- Founding capital, €105.600
- Bank account, 001-6674721-33
- Director appointment, Niessen Alain (director)
- Director appointment, VRIELYNCK Bruno Pascal Claude (director)
- Director appointment, Jonkers Raymond (director)
- Director appointment, VRIELYNCK Bruno Pascal Claude (chair)
- Director appointment, Niessen Alain (managing director)
- Mandate compensation, Niessen Alain
- Mandate compensation, VRIELYNCK Bruno Pascal Claude
- Mandate compensation, Jonkers Raymond
- Share subscription, 50000, 500
- +7 further facts in this act
Directors · office · real estate
Board 6
1 not recently confirmed
Day-to-day management 2
1 not recently confirmed
Permanent representatives 1
1 not recently confirmed
Statutory auditor 1
Other functions 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0205/00P002indicative | Wallonia | 1,150 m² | - | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| VRIELYNCK Bruno Pascal Claude |
|
| Bruno VRIELYNCK |
|
| NOSHAQ PARTNERS |
|
| Olivier MARTIN SCHMETS |
|
| Nicolas VRIELYNCK |
|
| INVEST FOR JOBS |
|
| RSM INTERAUDIT |
|
| Investpartner |
|
| NOSHAQ PARTNERS |
|
| Stéphanie SACRE |
|
| NIESSEN Alain Joseph Dominique |
|
| SRL Alain Lohienne Réviseurs d'entreprises |
|
| Bruno VIERLYNCK |
|
| CLOSON Hervé |
|
| bureau Lonhienne |
|
| JUNGELS Jean-Claude |
|
| Jonkers Raymond |
|
Articles of association
Full purpose
Le développement et la commercialisation de produits, ainsi que la prestation de conseils et services dans le domaine de l'ingénierie et de l'informatique, notamment par le développement, l'exploitation et la commercialisation de procédés et logiciels innovants de haute technologie ; toute activité de recherche et développement dans les domaines précités.
Structure & network
Owners and holdings
3 ownersOwners 3
-
21.78%
-
20.41%
-
12.3%
Stated earlier (2)
An older source named these owners; newer accounts no longer list them.
-
23.67%
- Sourceown accounts 20239.9%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of WIDETECH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
34 connected companiesShow 30 more companies with a shared director
Capital and shareholders
- SPINVENTURE
- Jean-Louis CUYPERS 333 shares
- VIAFOUND 266 shares
- Bruno VRIELYNCK 166 shares
- INVEST FOR JOBS (BE 0644.590.437)
- Marc BIERNAUX
- ALIENOR (BE 0647.680.084)
- START-UP INVEST
- SPINVENTURE
- VIAFOUND
- CUYPERS Jean-Louis
- CLOSON Hervé
- CARDON Jacques
- NIESSEN Alain
- START-UP INVEST
- SPINVENTURE
- GERARD Jean-Luc
- NELIS Renée
- Bruno Vrielynck
- Eric Radermecker
- Murielle Jongen
- Valérie Jongen
- Céline Skorski
- Hugues Stefanski
- Jérôme Niessen
- époux Niessen-Nélis
- Claude Vrielynck
- Béatrice Leboeuf
- Jacqueline Buls
- Jacques Cardon
- époux Moran Garcia Gérard
- Patrick Vrielynck
- Walhitec
- Guyot Consulting
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-12-2022 Capital stated in the act · 760,000 EUR · 1,032,900 shares
- 10-12-2019 Capital reduction of 1,102,700 EUR · to 760,000 EUR · to absorb losses
- 29-03-2018 Capital increase of 379,500 EUR · to 997,500 EUR · 1,265 new shares
- 29-03-2018 Capital increase of 865,200 EUR · to 1,862,700 EUR · 2,884 new shares
- 07-01-2016 Capital increase of 254,500 EUR · to 618,000 EUR · 2,545 new shares
- 27-02-2015 Capital increase of 85,000 EUR · to 363,500 EUR · 850 new shares
- 27-02-2014 Capital increase of 172,900 EUR · to 278,500 EUR · 1,729 new shares
- 05-06-2012 Incorporation · 105,600 EUR · 1,056 shares
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.