WeCircular
ActiveThe computed 12-month bankruptcy probability of WeCircular is 2.3% (moderate). The annual accounts of WeCircular for fiscal year 2024 show a net loss of 273% of total assets and of 75% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 94% of 240 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-78
Solvency100▲+35
Growth57▼-17
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 13.18 against 1.32 in 2023; short-term debt: 6.8% and cash: 43.2% of total assets), and 6.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
93.2%
Return on assets
-272.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
37 d early
2022
18 d late
2021
25 d late
2020
11 d early
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€62k▲ 10.1%
2019 · €57k
2019: €57k
2019 → 2020
EBIT margin
10.1%▲ 18.3pp
2019 · -8.2%
2019: -8.2%
2019 → 2020
Net result
€-14k
2023 · €3k
2019: €-5k
2020: €10k
2021: €17k
2022: €9k
2023: €3k
2019 → 2024
Working capital
€4k▼ 53.7%
2023 · €9k
2019: €19k
2020: €29k
2021: €46k
2022: €54k
2023: €9k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€62k-
Equity€9k-€26k▲ 179%€35k▲ 34.9%€19k▼ 46.8%€5k▼ 74.5%
Operating result€6k-€22k▲ 252%€13k▼ 43.4%€6k▼ 55.2%€-14k
Net result€10k-€17k▲ 64.9%€9k▼ 45.6%€3k▼ 62.5%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €6k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5k
Fixed assets
€546▼ 94.4%
Current assets
€5k▼ 87.8%
Equity and liabilities €5k
Equity
€5k▼ 74.5%
Debt
€350▼ 98.8%
The debt ratio falls from 60.3% to 6.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▼
2023 · €9k
Cash flow
€-13k▼
2023 · €6k
Solvency
93.2%▲
2023 · 39.7%
Current ratio
13.18▲
2023 · 1.32
Quick ratio
13.18▲
2023 · 1.32
Debt / equity
0.07▼
2023 · 1.52
ROE
-292.8%▼
2023 · 18.2%
ROA
-272.9%▼
2023 · 7.2%
Interest coverage
-58.38▼
2023 · 14.00
Debt
€350▼
2023 · €29k
Debt ≤ 1 year
€350▼
2023 · €29k
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€48k€5k▼
Fixed assets21/28€10k€546▼
Tangible fixed assets22/27€10k€546▼
Furniture and vehicles24€10k€546▼
Current assets29/58€38k€5k▼
Amounts receivable within one year40/41€32k€2k▼
Trade receivables40€32k€2k▼
Other amounts receivable41€116-
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€53-
Equity and liabilities
Total equity and liabilities10/49€48k€5k▼
Equity10/15€19k€5k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€15k€802▼
Amounts payable17/49€29k€350▼
Amounts payable within one year42/48€29k€350▼
Taxes, remuneration and social security45€11k€336▼
Taxes450/3€11k€336▼
Other amounts payable47/48€18k€14▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€759▼
Other operating charges640/8€116€5k▲
Gross operating margin9900€9k€-8k▼
Operating profit (loss)9901€6k€-14k▼
Financial income75/76B-€61
Recurring financial income75-€61
Financial charges65/66B€608€225▼
Recurring financial charges65€608€225▼
Profit (loss) for the period before taxes9903€5k€-14k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€3k€-14k▼
Profit (loss) for the period to be appropriated9905€3k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€802▼
Profit (loss) brought forward from the previous period14P€11k€15k▲
Transfer from equity791/2€20k-
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼509%
Net result drops to €-14k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 13.18
Current ratio from 1.32 to 13.18; short-term debt falls from €29k to €350.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2019net €17k ▲64.9%
Operating result €22k, net result €17k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Floreffe · 1 establishment unit since 2018
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 Robersart, Franière 1025150 FloreffeGround area
2,400 m²
Building footprint
147 m²
Volume, LiDAR
696 m³
Parcel 92050B0015/00A002, Wallonia · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WeCircular
since 20182.283.856.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92050B0015/00A002 | Wallonia | 2,400 m² | 1 · 147 m² | 5.4 m · 2 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
SEVEN – METAL
BE 0805.281.627
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BH RECYCLE
BE 0770.278.186
Seraing · Eq €5k
BW-METALRECUP
BE 0561.980.683
Haaltert · Eq €4k
OTGONBAYAR & TEMCHIHUU ALTERNATIVE MEDICINE
BE 0724.938.111
Antwerpen · Eq €5k
Eco-Amron 2.0
BE 1014.030.971
Zedelgem · Eq €6k
Of 977 companies in sector 38210 we hold annual accounts for 585. 83 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-12-2018
Fiscal year end31-12
Activities, NACEBEL
38210Materials recovery from waste
38213Waste collection, recovery and disposal activities
70200Business and other management consultancy
38120Waste collection, recovery and disposal activities
38222Waste collection, recovery and disposal activities
38320Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesPhone:+3200000000
E-mail:guillaume@wecircular.be
Phone:+32478830849