Wolec
ActiveWolec has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €-33k. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-8
Solvency51▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.59 in 2024; short-term debt: 74.1% and cash: 1.5% of total assets), and 74.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.9%
Return on assets
-13.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-33k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
21 d late
2023
27 d late
2022
31 d early
2021
19 d early
2020
37 d early
2019
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 32.1%
2024 · €90k
2018: €138k
2019: €120k
2020: €140k
2021: €148k
2022: €135k
2023: €109k
2024: €90k
2018 → 2025
Total assets
€236k▼ 2.3%
2024 · €241k
2018: €304k
2019: €280k
2020: €283k
2021: €315k
2022: €307k
2023: €244k
2024: €241k
2018 → 2025
Net result
€-33k▼ 72.6%
2024 · €-19k
2018: €-44k
2019: €-18k
2020: €20k
2021: €8k
2022: €-12k
2023: €-26k
2024: €-19k
2018 → 2025
Working capital
€60k▼ 32.5%
2024 · €89k
2018: €134k
2019: €119k
2020: €140k
2021: €147k
2022: €135k
2023: €109k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€135k▼ 8.3%€109k▼ 19.5%€90k▼ 17.4%€61k▼ 32.1%
Operating result€8k-€-12k€-25k▼ 114%€-18k▲ 27.6%€-36k▼ 97.8%
Net result€8k-€-12k€-26k▼ 116%€-19k▲ 28.0%€-33k▼ 72.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €18k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€1k=
Current assets
€235k▼ 2.3%
Equity and liabilities €236k
Equity
€61k▼ 32.1%
Debt
€175k▲ 15.5%
The debt ratio rises from 62.7% to 74.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-36k▼
2024 · €-18k
Cash flow
€-33k▼
2024 · €-19k
Solvency
25.9%▼
2024 · 37.3%
Current ratio
1.34▼
2024 · 1.59
Quick ratio
0.49▼
2024 · 0.58
Debt / equity
2.86▲
2024 · 1.68
ROE
-53.7%▼
2024 · -21.1%
ROA
-13.9%▼
2024 · -7.9%
Interest coverage
-13.40▼
2024 · -11.35
Debt
€175k▲
2024 · €151k
Debt ≤ 1 year
€175k▲
2024 · €151k
Staff costs
€73k▲
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€241k€236k▼
Fixed assets21/28€1k€1k=
Tangible fixed assets22/27€1k€1k=
Plant, machinery and equipment23€176€176=
Furniture and vehicles24€910€910=
Current assets29/58€240k€235k▼
Stocks and contracts in progress3€152k€149k▼
Stocks30/36€152k€149k▼
Amounts receivable within one year40/41€73k€82k▲
Trade receivables40€70k€79k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€15k€4k▼
Equity and liabilities
Total equity and liabilities10/49€241k€236k▼
Equity10/15€90k€61k▼
Contributions10/11€25k€25k=
Reserves13€177k€177k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€174k€174k=
Profit (loss) carried forward14€-112k€-140k▼
Amounts payable17/49€151k€175k▲
Amounts payable within one year42/48€151k€175k▲
Trade debts44€13k€402▼
Suppliers440/4€13k€402▼
Taxes, remuneration and social security45€21k€18k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€118k€156k▲
Income statement
Code20242025
Remuneration, social security and pensions62€69k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117€0▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€53k€40k▼
Operating profit (loss)9901€-18k€-36k▼
Financial income75/76B€576€5k▲
Recurring financial income75€576€5k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-19k€-33k▼
Profit (loss) for the period9904€-19k€-33k▼
Profit (loss) for the period to be appropriated9905€-19k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€-144k▼
Profit (loss) brought forward from the previous period14P€-93k€-112k▼
Transfer to equity691/2-€0
To other reserves6921-€0
Shareholders' contribution to the loss794-€4k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 108 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1957
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensesteenweg 1811932 ZaventemGround area
335 m²
Building footprint
252 m²
Volume, LiDAR
1,994 m³
Parcel 23078B0362/00P000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Leuvensesteenweg 181, 1932 Zaventem
since 19572.038.595.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078B0362/00P000 | Flanders | 335 m² | 1 · 252 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FUMEX
BE 0770.301.348
Schelle · Eq €61k
WANKO
BE 0473.397.612
Turnhout · Eq €61k
AXYO
BE 0777.625.343
Nivelles · Eq €61k
Talkpool
BE 0884.160.146
Mechelen · Eq €61k
OXONOMIA
BE 0884.456.589
Sint-Jans-Molenbeek · Eq €62k
Of 977 companies in sector 46431 we hold annual accounts for 705. 428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
92723
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.