Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of WE ARE GROUP is 5.1% (elevated). The 2023 annual accounts show negative equity (€-1k) and a net result of €-4k. Its solvency ranks better than 13% of 1158 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone5.1%
Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Young company
+Recent warning signals
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events20-06-2025
KBO administration
Address struck
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-06-2025, 325 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 21-06-2025 | 325 d late | 2025-00177410 |
| 31-12-2022 | 31-07-2023 | 25-09-2023 | 56 d late | 2023-00454044 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalNo legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-4k
Working capital€-8k-9.2%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 21-06-2025 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 74 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.4% | 46.1% | |
| Net result | €-4k | €10k | |
| Equity | €-1k | €26k | |
| Gross operating margin | €-620 | €26k | |
| Total assets | €26k | €65k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-620
-
22-23
€-4k
-
22-23
€-651
-
22-23
€26k
+37.5%
22-23
€-1k
-
22-23
€-8k
-9.2%
22-23
€0
-100.0%
22-23
€27k
+69.4%
22-23
€27k
+69.4%
22-23
0.71
+28.9%
22-23
0.71
+28.9%
22-23
-4.4%
-
22-23
-23.89
-
22-23
354.8%
+445.4%
22-23
-15.5%
-
22-23
-3.25
-
22-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-620 |
| Net profit | €-4k |
| Cash flow | €-651 |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €26k |
| Equity | €-1k |
| Debt | €27k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €-8k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.71 |
| Quick ratio | 0.71 |
| Working capital ratio | -30.2% |
| Solvency | -4.4% |
| Debt / equity | -23.89 |
| Long-term debt ratio | - |
| Interest coverage | -3.25 |
| Gross margin | - |
| Net margin | - |
| ROA | -15.5% |
| ROE | 354.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €26k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €7k |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €19k |
| Cash & bank | 54/58 | €0 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €26k |
| Equity | 10/15 | €-1k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-2k |
| Amounts payable | 17/49 | €27k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €26k |
| Income statement | ||
| Gross operating margin | 9900 | €-620 |
| Operating result | 9901 | €-4k |
| Financial income | 75 | €159 |
| Financial charges | 65 | €191 |
| Result before taxes | 9903 | €-4k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-4k |
| Result to be appropriated | 9905 | €-4k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed12
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
MUBAKILAY MUSAS'A KABWEDirectorState Gazette act 24083787 (03-06-2024)Current24-05-2024 → present
Former directors (1)
-
MUSASA MUBAKILAY Jean SiméonDirectorState Gazette act 24083787 (03-06-2024)Former- → 24-05-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van managers van artiesten, sportlui en overige bekende personaliteiten(74991) |
| Legal form | Private limited company(610) |
| Incorporation | 18-08-2022 |
| Status | Active |
| Postal code | - |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Establishment units
1 locationWE ARE GROUP
since 20222.342.979.174
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area394 m²
Buildings1
Building footprint132 m²
Volume (LiDAR)1,081 m³
Tallest building11.9 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0301/00K000 | Flanders | 394 m² | 1 · 132 m² | 11.9 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette20-06-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2024
03-06-2024 1 director appointed, 1 resigning
- MUBAKILAY MUSAS'A KABWE, Bestuurder
- MUSASA MUBAKILAY Jean Siméon, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes54
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
38
Growth
32
Stability
86
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Credit advice
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We hold annual accounts for 92 of the 878 companies in this sector. 35 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van managers van artiesten, sportlui en overige bekende pesonaliteiten74901Activiteiten van managers van artiesten, sportlui en overige bekende personaliteiten74991Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Logistieke diensten52250Overige vervoerondersteunende activiteiten52290Overige posterijen en koeriers53200Overige posterijen en koeriers53200
Primary activity highlighted.
Names & trade names
| Legal nameNL | WE ARE GROUP |
Registration history
- 20-06-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.