WIDETECH
ActiveWIDETECH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €528k and a net result of €-45k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-37
Solvency43▼-8
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity short (current ratio 0.49 against 0.6 in 2023), and 65.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
34.6%
Return on assets
-3%
Age of the figures
20 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
44 d early
2022
47 d early
2021
41 d early
2020
5 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-45k
2023 · €45k
2018: €-107k
2019: €25k
2020: €-163k
2021: €-166k
2022: €57k
2023: €45k
2018 → 2024
Working capital
€-411k▼ 13.3%
2023 · €-363k
2018: €589k
2019: €434k
2020: €273k
2021: €126k
2022: €-160k
2023: €-363k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€794k-€586k▼ 26.2%€601k▲ 2.5%€604k▲ 0.4%€528k▼ 12.5%
Operating result€-197k-€-194k▲ 1.3%€32k€18k▼ 44.9%€-47k
Net result€-163k-€-166k▼ 1.4%€57k€45k▼ 21.4%€-45k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €47k after €18k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.53M
Fixed assets
€1.14M▲ 13.8%
Current assets
€389k▼ 27.6%
Equity and liabilities €1.53M
Equity
€528k▼ 12.5%
Debt
€1,000k▲ 7.0%
The debt ratio rises from 60.8% to 65.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€147k▼
2023 · €189k
Cash flow
€149k▼
2023 · €216k
Solvency
34.6%▼
2023 · 39.2%
Current ratio
0.49▼
2023 · 0.60
Quick ratio
0.49▲
2023 · 0.35
Debt / equity
1.89▲
2023 · 1.55
ROE
-8.6%▼
2023 · 7.4%
ROA
-3.0%▼
2023 · 2.9%
Interest coverage
3.79▼
2023 · 6.27
Debt
€1,000k▲
2023 · €935k
Debt ≤ 1 year
€800k▼
2023 · €900k
Debt > 1 year
€129k▲
2023 · €35k
Income taxes
€-11k▲
2023 · €-15k
Staff costs
€678k▲
2023 · €593k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.54M€1.53M▼
Fixed assets21/28€1.00M€1.14M▲
Intangible fixed assets21€982k€1.12M▲
Tangible fixed assets22/27€19k€18k▼
Furniture and vehicles24€9k€7k▼
Other tangible fixed assets26€10k€11k▲
Financial fixed assets28€50€266▲
Current assets29/58€537k€389k▼
Stocks and contracts in progress3€224k-
Contracts in progress37€224k-
Amounts receivable within one year40/41€228k€330k▲
Trade receivables40€196k€277k▲
Other amounts receivable41€31k€53k▲
Cash at bank and in hand54/58€31k€620▼
Deferred charges and accrued income490/1€54k€58k▲
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.53M▼
Equity10/15€604k€528k▼
Contributions10/11€760k€760k=
Capital10€760k€760k=
Issued capital100€760k€760k=
Profit (loss) carried forward14€-204k€-249k▼
Investment grants15€47k€17k▼
Amounts payable17/49€935k€1,000k▲
Amounts payable after more than one year17€35k€129k▲
Financial debts170/4€35k€129k▲
Amounts payable within one year42/48€900k€800k▼
Current portion of amounts payable after more than one year42€8k€36k▲
Financial debts43€76k€127k▲
Credit institutions430/8€76k€127k▲
Trade debts44€224k€292k▲
Suppliers440/4€224k€292k▲
Advances received on contracts in progress46€302k€20k▼
Taxes, remuneration and social security45€137k€131k▼
Taxes450/3€21k€14k▼
Remuneration and social security454/9€116k€116k▲
Other amounts payable47/48€152k€194k▲
Accrued charges and deferred income492/3-€71k
Income statement
Code20232024
Remuneration, social security and pensions62€593k€678k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€195k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2k-
Other operating charges640/8€40k€19k▼
Gross operating margin9900€820k€844k▲
Operating profit (loss)9901€18k€-47k▼
Financial income75/76B€42k€30k▼
Recurring financial income75€42k€30k▼
Financial charges65/66B€30k€39k▲
Recurring financial charges65€30k€39k▲
Profit (loss) for the period before taxes9903€30k€-56k▼
Income taxes67/77€-15k€-11k▲
Profit (loss) for the period9904€45k€-45k▼
Profit (loss) for the period to be appropriated9905€45k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-204k€-249k▼
Profit (loss) brought forward from the previous period14P€-248k€-204k▲
Social balance
Average headcount (FTE)90878.18.6▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment7 facts ▸
- General meeting, 2026-06-01
- Director reappointment, INVEST FOR JOBS SA (administrateur)
- Director reappointment, Bruno VRIELYNCK (administrateur)
- Director appointment, Bruno VRIELYNCK (Président du Conseil d'Administration)
- Director appointment, Olivier Martin-Schmets (Administrateur-délégué)
- Director appointment, Nicolas Vrielynck (Administrateur)
- Power of attorney, SRL VERDIN & ASSOCIES
13-03
State Gazette act
Resignations & appointmentsDirector resignation2 facts ▸
State Gazette act
Resignations & appointments
Director resignation2 facts ▸
- Director resignation, NOSHAQ PARTNERS (administrateur)
- Director resignation, Stéphanie SACRE (représentant permanent)
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge7 facts ▸
- General meeting, 2024-05-23
- Director resignation, Alain NIESSEN (administrateur)
- Director discharge, Alain NIESSEN
- Director appointment, Nicolas VRIELYNCK (administrateur)
- Mandate compensation, Nicolas VRIELYNCK
- Auditor appointment, RSM InterAudit
- Permanent representative, Vincent Thyrion
26-06
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation2 facts ▸
- Board meeting, 2023-11-09
- Director resignation, Alain NIESSEN (délégué à la gestion journalière)
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director discharge9 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director discharge9 facts ▸
- General meeting, 2023-05-30
- Director resignation, Hervé CLOSON (administrateur)
- Director discharge, Hervé CLOSON
- Director appointment, Olivier MARTIN SCHMETS (administrateur)
- Director appointment, Olivier MARTIN SCHMETS (gestion journalière)
- Director resignation, Bruno VIERLYNCK (délégué à la gestion journalière)
- Registered-office move, Rue de Hermée 245 à 4040 HERSTAL
- Permanent representative, Stéphanie SACRE
- General meeting, 2023-05-30
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €57k
Net result €57k after 2 loss-making years.
29-12
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Capital · Share split7 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Capital · Share split7 facts ▸
- General meeting, 2022-12-20
- 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
Resignations & appointmentsGeneral meeting · Director resignation · Auditor reappointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Auditor reappointment4 facts ▸
- General meeting, 2022-05-30
- Director resignation, Jean-Claude JUNGELS (administrateur indépendant)
- Auditor reappointment, exercices comptables se clôturant au 31/12/2021, 31/12/22 et 31/12/2023
- Member admission, Invest for Jobs
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Mandate compensation16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Mandate compensation16 facts ▸
- General meeting, 2020-05-27
- Director reappointment, Alain NIESSEN (administrateur)
- Director reappointment, Bruno VRIELYNCK (administrateur)
- Director reappointment, Hervé CLOSON (administrateur)
- Director reappointment, Jean-Claude JUNGELS (administrateur)
- Director reappointment, NOSHAQ PARTNERS (administrateur)
- Mandate compensation, Alain NIESSEN
- Mandate compensation, Bruno VRIELYNCK
- Mandate compensation, Hervé CLOSON
- Mandate compensation, Jean-Claude JUNGELS
- Mandate compensation, NOSHAQ PARTNERS
- Board meeting, 2020-05-27
- +4 further facts in this act
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
10-12
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Capital decrease · Statutes amendment9 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Capital decrease · Statutes amendment9 facts ▸
- General meeting, 2019-12-05
- Capital decrease, €1.102.700
- Statutes amendment
- Capital, €760.000
- Corporate 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, nota…
- 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
Resignations & appointmentsGeneral meeting · Auditor appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment2 facts ▸
- General meeting, 2019-06-03
- Auditor appointment, bureau Lonhienne
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
29-03
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Capital5 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Capital5 facts ▸
- General meeting, 2018-03-26
- Capital increase, €379.500
- Capital increase, €865.200
- Capital, €1.862.700
- Statutes amendment
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
07-01
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Share issue6 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Share issue6 facts ▸
- General meeting, 2015-12-22
- Capital increase, €254.500
- Share issue, 2545
- Capital, €618.000
- Statutes amendment
- Permanent representative, TYREKIDIS Joanna
2015
27-02
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointmentsGeneral meeting · Capital increase · Capital15 facts ▸
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointments
General meeting · Capital increase · Capital15 facts ▸
- General meeting, 2015-02-13
- Capital increase, €85.000
- Capital, €363.500
- Name change, WIDETECH
- Corporate 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, nota…
- Director resignation, JONKERS Raymond (administrateur)
- Director reappointment, NIESSEN Alain Joseph Dominique (administrateur)
- Director reappointment, VRIELYNCK Bruno (administrateur)
- Director appointment, CLOSON Hervé (administrateur)
- Director appointment, JUNGELS Jean-Claude (administrateur)
- Director appointment, INVESTPARTNER (administrateur)
- Permanent representative, FELLIN Benoît
- +3 further facts in this act
2014
27-02
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Capital increase · Share issue20 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Capital increase · Share issue20 facts ▸
- General meeting, 2014-02-10
- 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
2013
08-08
State Gazette act
Registered office · Resignations & appointmentsBoard meeting · Registered-office move · Director appointment5 facts ▸
State Gazette act
Registered office · Resignations & appointments
Board meeting · Registered-office move · Director appointment5 facts ▸
- Board meeting, 2013-07-15
- 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
2012
11-09
State Gazette act
Registered officeBoard meeting · Registered-office move · Director resignation4 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Director resignation4 facts ▸
- Board meeting
- Registered-office move, Rue de la Belle Jardinière, 436 à 4031 Angleur
- Director resignation, Alain Niessen (Administrateur Délégué)
- Director appointment, Bruno Vrielynck (Administrateur Délégué)
05-06
State Gazette act
IncorporationIncorporation · Founding capital · Corporate purpose21 facts ▸
State Gazette act
Incorporation
Incorporation · Founding capital · Corporate purpose21 facts ▸
- Incorporation, 2012-05-16
- Founding capital, €105.600
- Corporate 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, nota…
- Bank account, 001-6674721-33
- First fiscal year, 2012-05-25/2013-12-31
- Director appointment, Niessen Alain (administrateur)
- Director appointment, VRIELYNCK Bruno Pascal Claude (administrateur)
- Director appointment, Jonkers Raymond (administrateur)
- Director appointment, VRIELYNCK Bruno Pascal Claude (Président)
- Director appointment, Niessen Alain (Administrateur délégué)
- Mandate compensation, Niessen Alain
- Mandate compensation, VRIELYNCK Bruno Pascal Claude
- +9 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 directors, no change since 2026
Olivier Martin-Schmets
CurrentManaging director · since 01-06-2026
INVEST FOR JOBS
CurrentDirector · since 31-05-2026 · Public limited company
Nicolas VRIELYNCK
CurrentDirector · since 23-05-2024
NOSHAQ PARTNERS
CurrentDirector · since 27-05-2020 · Private limited company
CLOSON Hervé
CurrentDirector · since 13-02-2015
NIESSEN Alain Joseph Dominique
CurrentAdministrateur délégué (gestion journalière) · since 13-02-2015
+ 3 not shown in this overview
01-06-2026
Olivier Martin-Schmets: Appointed as Managing director
01-06-2026
Nicolas VRIELYNCK: Appointed as Director
01-06-2026
Bruno VRIELYNCK: Appointed as Président du conseil d'administration
31-05-2026
INVEST FOR JOBS: Mandate renewed as Director
31-05-2026
Bruno VRIELYNCK: Mandate renewed as Director
12-01-2026
NOSHAQ PARTNERS: Resigned as Director
12-01-2026
Stéphanie SACRE: Resigned as Représentant permanent
23-05-2024
Nicolas VRIELYNCK: Appointed as Director
23-05-2024
Alain NIESSEN: Resigned as Director
30-05-2023
Alain NIESSEN: Resigned as Daily management
19-01-2022
JUNGELS Jean-Claude: Resigned as Director
27-05-2020
NOSHAQ PARTNERS: Mandate renewed as Director
27-05-2020
CLOSON Hervé: Mandate renewed as Director
27-05-2020
NIESSEN Alain Joseph Dominique: Appointed as Administrateur délégué (gestion journalière)
27-05-2020
NIESSEN Alain Joseph Dominique: Mandate renewed as Director
27-05-2020
VRIELYNCK Bruno Pascal Claude: Mandate renewed as Director
27-05-2020
VRIELYNCK Bruno Pascal Claude: Appointed as Administrateur délégué (gestion journalière)
27-05-2020
JUNGELS Jean-Claude: Mandate renewed as Director
13-02-2015
CLOSON Hervé: Appointed as Director
13-02-2015
NIESSEN Alain Joseph Dominique: Appointed as Administrateur délégué (gestion journalière)
13-02-2015
VRIELYNCK Bruno Pascal Claude: Appointed as Président du conseil
13-02-2015
VRIELYNCK Bruno Pascal Claude: Appointed as Administrateur délégué (gestion journalière)
13-02-2015
Investpartner: Appointed as Director
13-02-2015
JUNGELS Jean-Claude: Appointed as Director
+ 10 not shown in this overview
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2012
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.
Rue de Hermée 2454040 HerstalGround area
1,150 m²
Parcel 62312B0205/00P002, Wallonia. Linked by address, not a title deed.
1 establishment unit
WideTech
since 20122.210.876.854
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0205/00P002indicative | Wallonia | 1,150 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| RSM INTERAUDITCurrent Auditor · represented by Vincent Thyrion | 23-05-2024 → present |
Show 1 earlier auditors
| bureau Lonhienne Auditor succeeded by RSM INTERAUDIT in 2024 | 03-06-2019 → 23-05-2024 |
Structure & network
Connections & network
27 connected companiesNetwork connections
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Ownership & control
2 partiesControl over this companysits on this company's board2
22 subsidiaries · 1 location
4 subsidiaries · 1 location
controls
WIDETECHBE 0846.163.167
Capital and shareholders
Capital increase
From the act
“L'assemblée décide, sous la condition suspensive et dans la mesure de l'exercice partiel ou total des Warrants ESOP, d'augmenter le capital... par l'émission de maximum 206.580 nouvelles actions de classe A”
Capital increase of 379,500 EUR · 1,265 new shares · 300 EUR per share
Capital increase of 865,200 EUR · 2,884 new shares · 300 EUR per share
Capital increase of 254,500 EUR
Capital increase of 85,000 EUR · 100 EUR per share
Capital increase of 172,900 EUR · 100 EUR per share
Founding capital 105,600 EUR · 1,056 shares
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 34,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-05-2012
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.