WeForest
ActiveWeForest has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €-428k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 12% of 496 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+3
Solvency37▼-2
Growth64▲+12
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.24 in 2024; short-term debt: 81.5% and cash: 44.4% of total assets), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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
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
11.7%
Return on assets
-4%
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
18192122232425
2018 to 2025 · latest year €-428k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 496 sector peers (2025).
NBB · sector comparisonPosition among 496 sector peers
Solvency
better than 12%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
35 d early
2022
32 d early
2021
47 d early
2020
1 d early
2019
41 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.29M▲ 109%
2024 · €3.01M
2018: €2.20M
2019: €3.14M
2021: €5.40M
2022: €4.86M
2023: €5.09M
2024: €3.01M
2018 → 2025
EBIT margin
-2.7%▲ 11.7pp
2024 · -14.4%
2018: 16.8%
2019: 19.1%
2021: -0.4%
2022: -6.5%
2023: -6.4%
2024: -14.4%
2018 → 2025
Net result
€-428k▼ 6.7%
2024 · €-401k
2018: €360k
2019: €581k
2021: €-12k
2022: €-362k
2023: €-363k
2024: €-401k
2018 → 2025
Working capital
€1.91M▼ 19.7%
2024 · €2.38M
2018: €900k
2019: €1.59M
2021: €3.10M
2022: €2.89M
2023: €2.66M
2024: €2.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.40M-€4.86M▼ 10.2%€5.09M▲ 4.8%€3.01M▼ 40.9%€6.29M▲ 109%
Equity€2.82M-€2.46M▼ 12.8%€2.09M▼ 14.8%€1.69M▼ 19.1%€1.27M▼ 25.2%
Operating result€-20k-€-318k▼ 1,499%€-327k▼ 3.1%€-434k▼ 32.5%€-171k▲ 60.5%
Net result€-12k-€-362k▼ 2,857%€-363k▼ 0.1%€-401k▼ 10.6%€-428k▼ 6.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €171k in 2025 against €434k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.78M
Fixed assets
€83k▲ 49.4%
Current assets
€10.70M▼ 12.4%
Equity and liabilities €10.78M
Equity
€1.27M▼ 25.2%
Provisions
€729k▼ 1.8%
Debt
€8.79M▼ 10.6%
The debt ratio rises from 80.2% to 81.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-140k▲
2024 · €-368k
Cash flow
€-397k▼
2024 · €-335k
Solvency
11.7%▼
2024 · 13.8%
Current ratio
1.22▼
2024 · 1.24
Quick ratio
0.70▼
2024 · 0.79
Debt / equity
6.94▲
2024 · 5.81
ROE
-33.8%▼
2024 · -23.7%
ROA
-4.0%▼
2024 · -3.3%
Interest coverage
-0.49▲
2024 · -17.35
Debt
€8.79M▼
2024 · €9.84M
Debt ≤ 1 year
€8.79M▼
2024 · €9.83M
Staff costs
€1.46M▲
2024 · €1.19M
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€12.27M€10.78M▼
Fixed assets21/28€56k€83k▲
Tangible fixed assets22/27€51k€78k▲
Plant, machinery and equipment23€4k€11k▲
Furniture and vehicles24€47k€67k▲
Financial fixed assets28€5k€5k=
Current assets29/58€12.22M€10.70M▼
Stocks and contracts in progress3€4.41M€4.56M▲
Stocks30/36€4.41M€4.56M▲
Amounts receivable within one year40/41€1.80M€723k▼
Trade receivables40€1.74M€669k▼
Other amounts receivable41€63k€54k▼
Cash at bank and in hand54/58€5.03M€4.78M▼
Deferred charges and accrued income490/1€972k€635k▼
Equity and liabilities
Total equity and liabilities10/49€12.27M€10.78M▼
Equity10/15€1.69M€1.27M▼
Reserves13€202k€202k=
Profit (loss) carried forward14€1.49M€1.06M▼
Provisions and deferred taxes16€742k€729k▼
Provisions for liabilities and charges160/5€742k€729k▼
Pensions and similar obligations160-€53k
Other liabilities and charges164/5€742k€676k▼
Amounts payable17/49€9.84M€8.79M▼
Amounts payable within one year42/48€9.83M€8.79M▼
Trade debts44€401k€763k▲
Suppliers440/4€401k€763k▲
Advances received on contracts in progress46€9.28M€7.86M▼
Taxes, remuneration and social security45€153k€169k▲
Taxes450/3€26k€12k▼
Remuneration and social security454/9€127k€157k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Turnover70€3.01M€6.29M▲
Goods, raw materials, services and sundry goods60/61€4.25M€6.70M▲
Remuneration, social security and pensions62€1.19M€1.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€31k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€385k-
Other operating charges640/8€95k€106k▲
Gross operating margin9900€1.37M€1.41M▲
Operating profit (loss)9901€-434k€-171k▲
Financial income75/76B€54k€29k▼
Recurring financial income75€54k€29k▼
Financial charges65/66B€21k€285k▲
Recurring financial charges65€21k€285k▲
Profit (loss) for the period before taxes9903€-401k€-428k▼
Profit (loss) for the period9904€-401k€-428k▼
Profit (loss) for the period to be appropriated9905€-401k€-428k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.49M€1.06M▼
Profit (loss) brought forward from the previous period14P€1.89M€1.49M▼
Social balance
Average headcount (FTE)908711.713.2▲
The notes to these accounts (10 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-428k
Net result drops to €-428k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.82M ▲95.6%
Equity rises from €1.44M to €2.82M.
10-08
State Gazette act
General meeting · Approval
Director discharge · Director resignation
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €581k ▲61.6%
Operating result €601k, net result €581k, both a record.
31-12
Financial
Equity above €1MEq €1.44M ▲67.6%
2 profitable years in a row build equity to €1.44M.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Brussel · 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.
Kantersteen 471000 BrusselGround area
6,828 m²
Building footprint
7,874 m²
Volume, LiDAR
179,427 m³
Parcel 21804D0900/00E002, Brussels · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
WeForest
since 20122.212.578.710
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
6994009U3BKQXHDKC344
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Of 487 companies in sector 94994 we hold annual accounts for 139. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded26-05-2010
Fiscal year end31-12
Abbreviation NL
WF
Activities, NACEBEL
94994Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.