WEGREEN
ActiveSummary
The annual accounts of WEGREEN for fiscal year 2024 show a net loss of 78% of the equity at the start of that year. The 2024 annual accounts show equity of €6k and a net result of €-21k. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 289 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-21
Solvency26▼-3
Growth69▼-3
Track record100
Bankruptcy probability, 12 months
1.0%
Low
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 short (current ratio 0.05 against 0.35 in 2023; short-term debt: 73.1% and cash: 0.5% of total assets), and 99.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
0.9%
Return on assets
-3.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 289 sector peers (2024).
NBB · sector comparisonPosition among 289 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
22 d late
2022
59 d late
2021
30 d late
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€79k▼ 53.4%
2023 · €170k
2020: €41klowest in 5 years
2021: €122k▲ +196% vs 2020
2022: €130k▲ +6.9% vs 2021
2023: €170k▲ +31.0% vs 2022highest in 5 years
2024: €79k▼ -53.4% vs 2023
2020 → 2024
EBIT margin
-21.6%▼ 32.3pp
2023 · 10.7%
2020: -57.4%lowest in 5 years
2021: -46.5%▲ +18.9% vs 2020
2022: -0.7%▲ +98.4% vs 2021
2023: 10.7%▲ +1557% vs 2022highest in 5 years
2024: -21.6%▼ -301% vs 2023
2020 → 2024
Net result
€-21k
2023 · €14k
2020: €-24k
2021: €-61k▼ -157% vs 2020lowest in 5 years
2022: €-6k▲ +90.7% vs 2021
2023: €14k▲ +346% vs 2022highest in 5 years
2024: €-21k▼ -251% vs 2023
2020 → 2024
Working capital
€-470k▼ 88.7%
2023 · €-249k
2020: €31khighest in 5 years
2021: €-245k▼ -884% vs 2020
2022: €-275k▼ -12.4% vs 2021
2023: €-249k▲ +9.4% vs 2022
2024: €-470k▼ -88.7% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€41k-€122k▲ 196%€130k▲ 6.9%€170k▲ 31.0%€79k▼ 53.4%
2020: €41klowest in 5 years
2021: €122k▲ +196% vs 2020
2022: €130k▲ +6.9% vs 2021
2023: €170k▲ +31.0% vs 2022highest in 5 years
2024: €79k▼ -53.4% vs 2023
Equity€79k-€19k▼ 76.5%€13k▼ 30.2%€27k▲ 106%€6k▼ 78.1%
2020: €79khighest in 5 years
2021: €19k▼ -76.5% vs 2020
2022: €13k▼ -30.2% vs 2021
2023: €27k▲ +106% vs 2022
2024: €6k▼ -78.1% vs 2023lowest in 5 years
Operating result€-24k-€-57k▼ 140%€-959▲ 98.3%€18k€-17k
2020: €-24k
2021: €-57k▼ -140% vs 2020lowest in 5 years
2022: €-959▲ +98.3% vs 2021
2023: €18k▲ +2008% vs 2022highest in 5 years
2024: €-17k▼ -194% vs 2023
Net result€-24k-€-61k▼ 157%€-6k▲ 90.7%€14k€-21k
2020: €-24k
2021: €-61k▼ -157% vs 2020lowest in 5 years
2022: €-6k▲ +90.7% vs 2021
2023: €14k▲ +346% vs 2022highest in 5 years
2024: €-21k▼ -251% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17k after €18k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €674k
Fixed assets
€651k ▲ 39.7%
Current assets
€23k ▼ 82.9%
Equity and liabilities €674k
Equity
€6k ▼ 78.1%
Debt
€668k ▲ 16.5%
Debt's share of the balance-sheet total rises from 95.5% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €57k
Cash flow
€9k▼
2023 · €52k
Current ratio
0.05▼
2023 · 0.35
ROE
-355.7%▼
2023 · 51.5%
ROA
-3.1%▼
2023 · 2.3%
Interest coverage
3.87▼
2023 · 14.84
Debt ≤ 1 year
€493k▲
2023 · €383k
Debt > 1 year
€175k▼
2023 · €190k
Income taxes
€504▼
2023 · €630
A ratio outside any meaningful range has been withheld (balance sheet total €674k, equity €6k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€600k€674k▲
Fixed assets21/28€466k€651k▲
Tangible fixed assets22/27€466k€651k▲
Land and buildings22€456k€646k▲
Plant, machinery and equipment23-€0
Furniture and vehicles24€10k€5k▼
Current assets29/58€134k€23k▼
Stocks and contracts in progress3€35k€0▼
Stocks30/36€35k€0▼
Amounts receivable within one year40/41€61k€10k▼
Trade receivables40€61k€10k▼
Other amounts receivable41-€32
Cash at bank and in hand54/58€38k€3k▼
Deferred charges and accrued income490/1€237€10k▲
Equity and liabilities
Total equity and liabilities10/49€600k€674k▲
Equity10/15€27k€6k▼
Contributions10/11€103k€103k=
Profit (loss) carried forward14€-76k€-97k▼
Amounts payable17/49€574k€668k▲
Amounts payable after more than one year17€190k€175k▼
Financial debts170/4€190k€175k▼
Amounts payable within one year42/48€383k€493k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€15k€5k▼
Suppliers440/4€15k€5k▼
Taxes, remuneration and social security45€18k€4k▼
Taxes450/3€16k€4k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€335k€468k▲
Income statement
Code20232024
Turnover70€170k€79k▼
Goods, raw materials, services and sundry goods60/61€91k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€30k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€61k€17k▼
Operating profit (loss)9901€18k€-17k▼
Financial income75/76B€20€0▼
Recurring financial income75€20€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€14k€-20k▼
Income taxes67/77€630€504▼
Profit (loss) for the period9904€14k€-21k▼
Profit (loss) for the period to be appropriated9905€14k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-76k€-97k▼
Profit (loss) brought forward from the previous period14P€-90k€-76k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €41k | €122k | €130k | €170k | €79k | ▼ 53.4% |
| Non-recurring operating income76A | - | - | €4k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €136k | €161k | €91k | €33k | ▼ 63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €34k | €37k | €39k | €30k | ▼ 21.9% |
| Other operating charges640/8 | - | €4k | €3k | €4k | €4k | ▲ 11.5% |
| Non-recurring operating charges66A | - | €4k | - | - | - | - |
| Gross operating margin9900 | €-21k | €-14k | €40k | €61k | €17k | ▼ 71.7% |
| Operating profit (loss)9901 | €-24k | €-57k | €-959 | €18k | €-17k | ▼ 194% |
| Financial income75/76B | - | - | €0 | €20 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | - | €0 | €20 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €4k | €4k | €4k | €3k | ▼ 12.8% |
| Recurring financial charges65 | - | €4k | €4k | €4k | €3k | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €-24k | €-60k | €-5k | €14k | €-20k | ▼ 241% |
| Income taxes67/77 | €71 | €332 | €525 | €630 | €504 | ▼ 20.0% |
| Profit (loss) for the period9904 | €-24k | €-61k | €-6k | €14k | €-21k | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €-61k | €-6k | €14k | €-21k | ▼ 251% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257k | €576k | €560k | €600k | €674k | ▲ 12.2% |
| Fixed assets21/28 | €48k | €483k | €493k | €466k | €651k | ▲ 39.7% |
| Tangible fixed assets22/27 | €48k | €483k | €493k | €466k | €651k | ▲ 39.7% |
| Land and buildings22 | - | €441k | €463k | €456k | €646k | ▲ 41.5% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | - | €42k | €30k | €10k | €5k | ▼ 46.4% |
| Financial fixed assets28 | - | €141 | €152 | - | - | - |
| Current assets29/58 | €209k | €93k | €67k | €134k | €23k | ▼ 82.9% |
| Stocks and contracts in progress3 | - | - | €59k | €35k | €0 | ▼ 100% |
| Stocks30/36 | - | - | €59k | €35k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €86k | €24k | €995 | €61k | €10k | ▼ 83.4% |
| Trade receivables40 | - | €24k | €740 | €61k | €10k | ▼ 83.4% |
| Other amounts receivable41 | - | €255 | €255 | - | €32 | - |
| Cash at bank and in hand54/58 | €120k | €67k | €6k | €38k | €3k | ▼ 91.9% |
| Deferred charges and accrued income490/1 | - | €2k | €550 | €237 | €10k | ▲ 4,001% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257k | €576k | €560k | €600k | €674k | ▲ 12.2% |
| Equity10/15 | €79k | €19k | €13k | €27k | €6k | ▼ 78.1% |
| Contributions10/11 | - | €103k | €103k | €103k | €103k | = |
| Profit (loss) carried forward14 | €-24k | €-84k | €-90k | €-76k | €-97k | ▼ 27.6% |
| Amounts payable17/49 | €177k | €557k | €547k | €574k | €668k | ▲ 16.5% |
| Amounts payable after more than one year17 | - | €219k | €205k | €190k | €175k | ▼ 7.8% |
| Financial debts170/4 | - | €219k | €205k | €190k | €175k | ▼ 7.8% |
| Amounts payable within one year42/48 | €177k | €338k | €342k | €383k | €493k | ▲ 28.5% |
| Current portion of amounts payable after more than one year42 | - | €14k | €14k | €15k | €15k | ▲ 1.4% |
| Trade debts44 | €82k | €4k | €8k | €15k | €5k | ▼ 63.7% |
| Suppliers440/4 | - | €4k | €8k | €15k | €5k | ▼ 63.7% |
| Taxes, remuneration and social security45 | - | €6k | €6k | €18k | €4k | ▼ 77.8% |
| Taxes450/3 | - | €6k | €6k | €16k | €4k | ▼ 75.0% |
| Remuneration and social security454/9 | - | - | - | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €314k | €314k | €335k | €468k | ▲ 39.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €-61k | €-6k | €14k | €-21k | ▼ 251% |
| + Depreciation and write-downs630 | €2k | €34k | €37k | €39k | €30k | ▼ 21.9% |
| Operating cash flow (approximation) | €-22k | €-26k | €32k | €52k | €9k | ▼ 82.6% |
| Investment in fixed assets (approximation) | - | €-469k | €-48k | €-12k | €-215k | ▼ 1,723% |
| Change in cash | - | €-53k | €-61k | €32k | €-35k | ▼ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Nivelles · 1 establishment unit since 2020
Ground area
1,550 m²
Building footprint
283 m²
Volume, LiDAR
1,149 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WEGREEN
since 20202.305.989.116
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52055A0038/00X000 | Wallonia | 1,447 m² | 1 · 224 m² | 8.2 m · 2 fl. |
| 25782C0270/00A000 | Wallonia | 103 m² | 1 · 59 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
POLE SOLUTIONS
BE 0894.197.072
Rixensart · Eq €5,898
FLECCS
BE 0736.503.875
Florennes · Eq €5,860
TOFADI
BE 0805.909.652
Tongeren-Borgloon · Eq €5,855
NEAM
BE 0766.893.480
Eupen · Eq €6,000
KS Pharma
BE 0738.746.258
Haaltert · Eq €6,025
Of 4,564 companies in sector 74999 we hold annual accounts for 1,936. 777 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.