Equity
Equity rose in 2025 from €29,844 to €97,473.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 67% of them on solvency, 81% on liquidity, 84% on profitability and 95% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as WoBelCon has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WoBelCon itself is lower: < 0.1% within 12 months. It rests on far more data about WoBelCon than the profile alone.
The method was tested on the 497,447 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 39,278 companies, not a prediction for WoBelCon. 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.
Liquidity is ample, with a current ratio of 3.47 (1.96 in 2024), above the usual 1.5. Short-term debt is 28.8% and cash 86.5% of total assets. 28.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 10 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WoBelCon Lendelede | €136,894 | €85,845 | 71.2% | - |
| JJ Synergy Ledegem | €143,543 | €93,941 | 45.2% | - |
| Nils Vanneste Wevelgem | €112,559 | €82,810 | 57.9% | - |
| Franelle Waregem | €120,687 | €79,320 | 90.4% | - |
| FLOWWER Deerlijk | €151,502 | €72,982 | 46.0% | - |
| BOSS Consult Gistel | €178,617 | €84,876 | 67.7% | - |
| L&L FOOD Bruges | €134,886 | €74,537 | 72.5% | - |
These companies have the same main activity as WoBelCon: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €113,000 and €179,000, founded between 2023 and 2024.
WoBelCon has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,473 and a net result of €67,629.
Its solvency ranks better than 67% of 39,364 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €220,000.
Higher than 67% of 39,364 companies in 2025.
Higher than 68% of 38,048 companies in 2025.
Higher than 86% of 38,520 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
136,894 | 61,808 | |
29/58 |
136,894 | 61,808 | |
40/41 |
16,335 | 16,335 | |
40 |
16,335 | 16,335 | |
54/58 |
118,474 | 42,584 | |
490/1 |
2,086 | 2,889 | |
| Balance sheet: equity and liabilities | |||
10/49 |
136,894 | 61,808 | |
10/15 |
97,473 | 29,844 | |
10/11 |
1,000 | 1,000 | |
13 |
96,473 | 28,844 | |
133 |
96,473 | 28,844 | |
17/49 |
39,421 | 31,964 | |
42/48 |
39,421 | 31,572 | |
44 |
4,068 | 6,038 | |
440/4 |
4,068 | 6,038 | |
45 |
35,226 | 17,628 | |
450/3 |
32,909 | 15,450 | |
454/9 |
2,317 | 2,178 | |
47/48 |
127 | 7,906 | |
492/3 |
0 | 392 | |
| Income statement | |||
9900 |
85,845 | 36,418 | |
640/8 |
281 | 53 | |
9901 |
85,564 | 36,365 | |
75/76B |
0 | 0 | |
75 |
0 | 0 | |
65/66B |
361 | 38 | |
65 |
361 | 38 | |
9903 |
85,203 | 36,328 | |
67/77 |
17,574 | 7,484 | |
9904 |
67,629 | 28,844 | |
9905 |
67,629 | 28,844 | |
| Appropriation of the result | |||
9906 |
67,629 | 28,844 | |
691/2 |
67,629 | 28,844 | |
6921 |
67,629 | 28,844 | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 75,890 | - | ||
| 97,473 | 30,236 | ||
| 71.2% | 48.3% | ||
| 3.47 | 1.96 | ||
| 0.40 | 1.07 | ||
| 69.4% | 96.6% | ||
| 49.4% | 46.7% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 135% higher than in 2024.
Debt's share of the balance-sheet total falls from 51.7% to 28.8%. Equity and debt are higher.
WoBelCon has no parent and no holdings in its annual accounts. BELAEN Wouter Jerome is the only director. WoBelCon shares no director with another company.
| Debackere, Ilse (sole trader)
establishment since 01-12-2003 |
founded in 2003 0861.368.413 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
WoBelCon was incorporated on 27 May 2024 as a private limited company by one natural person, with a starting capital of €1,000.12 Since 2024, BELAEN Wouter Jerome has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Heulsestraat 83 registered office 8860 Lendelede | 27-05-2024 | 2.359.849.355 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34025C0184/00D003 | 1,132 m² | 1 · 240 m² | 3.4 m · 1 |
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