WOELS
ActiveSummary
WOELS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262,042 and a net result of €40,870. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-3
Solvency58▼-42
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 2.46 in 2024; short-term debt: 31.5% and cash: 2% of total assets), and 67.3% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 8 filingsDeviation from the deadline
2025
26 d late
2024
2 d early
2023
1 d early
2022
29 d late
2021
4 d early
2020
21 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€262,042▼ 1.0%
2024 · €264,743
Total assets
€801,262▲ 129%
2024 · €349,509
Net result
€40,870▲ 61.9%
2024 · €25,239
Working capital
-€72,273
2024 · €123,359
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,997▲ 43.8%€45,083▲ 40.9%€199,609▲ 343%€26,705▼ 86.6%€69,707▲ 161%
Net result€25,362within the sector's middle half▲ 45.2%€33,565above the sector's middle half▲ 32.3%€150,621above the sector's middle half▲ 349%€25,239within the sector's middle half▼ 83.2%€40,870above the sector's middle half▲ 61.9%
Equity€151,201within the sector's middle half▲ 20.2%€184,766above the sector's middle half▲ 22.2%€335,387above the sector's middle half▲ 81.5%€264,743above the sector's middle half▼ 21.1%€262,042above the sector's middle half▼ 1.0%
Total assets€173,660within the sector's middle half▲ 13.6%€209,830within the sector's middle half▲ 20.8%€442,886above the sector's middle half▲ 111%€349,509within the sector's middle half▼ 21.1%€801,262above the sector's middle half▲ 129%
Debt€22,458▼ 16.8%€25,064▲ 11.6%€107,499▲ 329%€84,765▼ 21.1%€539,220▲ 536%
Working capital€63,066within the sector's middle half▲ 139%€96,009within the sector's middle half▲ 52.2%€174,629above the sector's middle half▲ 81.9%€123,359above the sector's middle half▼ 29.4%-€72,273below the sector's middle half
Solvency87.1%above the sector's middle half▲ 4.7pp88.1%above the sector's middle half▲ 1.0pp75.7%above the sector's middle half▼ 12.3pp75.7%above the sector's middle half=32.7%within the sector's middle half▼ 43.0pp
Current ratio3.90above the sector's middle half▲ 1.885.20above the sector's middle half▲ 1.302.66within the sector's middle half▼ 2.542.46within the sector's middle half▼ 0.200.71below the sector's middle half▼ 1.74
Return on assets (ROA)14.6%above the sector's middle half▲ 3.2pp16.0%above the sector's middle half▲ 1.4pp34.0%above the sector's middle half▲ 18.0pp7.2%within the sector's middle half▼ 26.8pp5.1%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 161% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €801,262
Fixed assets
€621,126 ▲ 339%
Current assets
€180,136 ▼ 13.4%
Equity and liabilities €801,262
Equity
€262,042 ▼ 1.0%
Debt
€539,220 ▲ 536%
Debt's share of the balance-sheet total rises from 24.3% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89,965▲
2024 · €48,279
Cash flow
€61,128▲
2024 · €46,812
Debt to equity
2.06▲
2024 · 0.32
ROE
15.6%▲
2024 · 9.5%
Interest coverage
6.60▼
2024 · 105.80
Debt ≤ 1 year
€252,408▲
2024 · €84,765
Debt > 1 year
€279,607
Income taxes
€17,200▲
2024 · €6,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,642 | €8,941 | €16,240 | €21,573 | €20,258 | ▼ 6.1% |
| Other operating charges640/8 | €654 | €531 | €1,089 | €927 | €8,258 | ▲ 791% |
| Gross operating margin9900 | €44,294 | €54,556 | €216,938 | €49,206 | €98,223 | ▲ 99.6% |
| Operating profit (loss)9901 | €31,997 | €45,083 | €199,609 | €26,705 | €69,707 | ▲ 161% |
| Financial income75/76B | €335 | - | €4,270 | €5,914 | €1,990 | ▼ 66.4% |
| Recurring financial income75 | €335 | - | €4,270 | €5,914 | €1,895 | ▼ 68.0% |
| Non-recurring financial income76B | - | - | - | - | €95 | - |
| Financial charges65/66B | €95 | €645 | €58 | €456 | €13,627 | ▲ 2,886% |
| Recurring financial charges65 | €95 | €645 | €58 | €456 | €13,627 | ▲ 2,886% |
| Profit (loss) for the period before taxes9903 | €32,238 | €44,439 | €203,822 | €32,163 | €58,069 | ▲ 80.5% |
| Income taxes67/77 | €6,876 | €10,874 | €53,201 | €6,925 | €17,200 | ▲ 148% |
| Profit (loss) for the period9904 | €25,362 | €33,565 | €150,621 | €25,239 | €40,870 | ▲ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €25,362 | €33,565 | €150,621 | €25,239 | €40,870 | ▲ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,660 | €209,830 | €442,886 | €349,509 | €801,262 | ▲ 129% |
| Fixed assets21/28 | €88,815 | €90,937 | €162,958 | €141,385 | €621,126 | ▲ 339% |
| Tangible fixed assets22/27 | €88,815 | €90,937 | €162,958 | €141,385 | €121,126 | ▼ 14.3% |
| Land and buildings22 | €70,000 | €80,872 | €79,766 | €78,660 | €77,553 | ▼ 1.4% |
| Furniture and vehicles24 | €18,815 | €10,065 | €83,192 | €62,725 | €43,573 | ▼ 30.5% |
| Financial fixed assets28 | - | - | - | - | €500,000 | - |
| Current assets29/58 | €84,845 | €118,893 | €279,928 | €208,124 | €180,136 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €13,260 | €107,260 | €5,803 | €75,038 | €160,754 | ▲ 114% |
| Trade receivables40 | €13,260 | €7,260 | €532 | €66,175 | €59,735 | ▼ 9.7% |
| Other amounts receivable41 | - | €100,000 | €5,270 | €8,863 | €101,019 | ▲ 1,040% |
| Cash at bank and in hand54/58 | €71,585 | €11,633 | €274,125 | €133,086 | €15,779 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,603 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,660 | €209,830 | €442,886 | €349,509 | €801,262 | ▲ 129% |
| Equity10/15 | €151,201 | €184,766 | €335,387 | €264,743 | €262,042 | ▼ 1.0% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Outside capital11 | €80,000 | €80,000 | €80,000 | - | - | - |
| Other1109/19 | €80,000 | €80,000 | €80,000 | - | - | - |
| Reserves13 | €71,201 | €104,766 | €255,387 | €184,743 | €182,042 | ▼ 1.5% |
| Non-distributable reserves130/1 | €8,000 | €8,000 | €8,000 | €8,000 | - | - |
| Reserves not available under the articles1311 | €8,000 | €8,000 | €8,000 | €8,000 | - | - |
| Distributable reserves133 | €63,201 | €96,766 | €247,387 | €176,743 | €182,042 | ▲ 3.0% |
| Amounts payable17/49 | €22,458 | €25,064 | €107,499 | €84,765 | €539,220 | ▲ 536% |
| Amounts payable after more than one year17 | - | - | - | - | €279,607 | - |
| Financial debts170/4 | - | - | - | - | €279,607 | - |
| Amounts payable within one year42/48 | €21,778 | €22,884 | €105,299 | €84,765 | €252,408 | ▲ 198% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €76,685 | - |
| Trade debts44 | €5,805 | €4,565 | €14,918 | €26,773 | €441 | ▼ 98.4% |
| Suppliers440/4 | €5,805 | €4,565 | €14,918 | €26,773 | €441 | ▼ 98.4% |
| Taxes, remuneration and social security45 | €15,736 | €17,922 | €89,721 | €57,333 | €25,282 | ▼ 55.9% |
| Taxes450/3 | €13,659 | €15,815 | €89,721 | €57,333 | €25,282 | ▼ 55.9% |
| Remuneration and social security454/9 | €2,077 | €2,107 | - | - | - | - |
| Other amounts payable47/48 | €237 | €398 | €659 | €659 | €150,000 | ▲ 22,646% |
| Accrued charges and deferred income492/3 | €680 | €2,180 | €2,200 | - | €7,205 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,362 | €33,565 | €150,621 | €25,239 | €40,870 | ▲ 61.9% |
| + Depreciation and write-downs630 | €11,642 | €8,941 | €16,240 | €21,573 | €20,258 | ▼ 6.1% |
| Operating cash flow (approximation) | €37,004 | €42,506 | €166,860 | €46,812 | €61,128 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€11,063 | -€88,260 | €0 | -€500,000 | - |
| Change in cash | - | -€59,952 | €262,492 | -€141,039 | -€117,307 | ▲ 16.8% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €150,621 ▲349%
Operating result €199,609, net result €150,621, both a record.
31-12
Financial
Equity above €200,000Eq €335,387 ▲81.5%
6 profitable years in a row build equity to €335,387.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €151,201 ▲20.2%
4 profitable years in a row build equity to €151,201.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €108,376 ▲16.8%
2 profitable years in a row build equity to €108,376.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Lichtervelde · 2 establishment units since 2017
Ground area
6,772 m²
Building footprint
807 m²
Volume, LiDAR
3,670 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
WOELS
since 20172.272.931.318
WOELS
since 20262.385.775.079
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0627/00D000 | Flanders | 4,274 m² | 1 · 357 m² | 8.1 m · 2 fl. |
| 36011F0766/00A000 | Flanders | 2,498 m² | 1 · 450 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of WOELS 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLedegem2.385.775.079
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Of 757 companies in sector 46321 we hold annual accounts for 554. 407 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
Founded05-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682569796
Also
9925:BE0682569796
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.