WELL FOUNDED
ActiveSummary
WELL FOUNDED has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €84k. Equity is growing by ~67.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency78▼-21
Growth78=
Track record82
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 2.05 against 3.84 in 2024; short-term debt: 46.5% and cash: 94.2% of total assets), and 47% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
53%
Return on assets
40.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 3 filingsDeviation from the deadline
2025
14 d late
2024
on the day
2023
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€109k▲ 45.2%
2024 · €75k
2023: €7k
2024: €75k
2023 → 2025
Total assets
€207k▲ 104%
2024 · €101k
2023: €11k
2024: €101k
2023 → 2025
Net result
€84k▲ 23.7%
2024 · €68k
2023: €7k
2024: €68k
2023 → 2025
Working capital
€100k▲ 37.5%
2024 · €73k
2023: €8k
2024: €73k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€7k-€75k▲ 923%€109k▲ 45.2%
Operating result€9k-€85k▲ 890%€105k▲ 23.9%
Net result€7k-€68k▲ 891%€84k▲ 23.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€10k ▲ 298%
Current assets
€196k ▲ 98.9%
Equity and liabilities €207k
Equity
€109k ▲ 45.2%
Debt
€97k ▲ 274%
Debt's share of the balance-sheet total rises from 25.6% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108k▲
2024 · €86k
Cash flow
€87k▲
2024 · €69k
Current ratio
2.05▼
2024 · 3.84
Debt to equity
0.89▲
2024 · 0.34
ROE
76.9%▼
2024 · 90.2%
ROA
40.7%▼
2024 · 67.1%
Interest coverage
2054.53▲
2024 · 2030.11
Debt ≤ 1 year
€96k▲
2024 · €26k
Income taxes
€21k▲
2024 · €17k
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 · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€101k€207k▲
Fixed assets21/28€3k€10k▲
Tangible fixed assets22/27€3k€10k▲
Plant, machinery and equipment23€3k€10k▲
Current assets29/58€99k€196k▲
Amounts receivable within one year40/41€10k€990▼
Trade receivables40€10k-
Other amounts receivable41€177€990▲
Cash at bank and in hand54/58€88k€195k▲
Deferred charges and accrued income490/1-€798
Equity and liabilities
Total equity and liabilities10/49€101k€207k▲
Equity10/15€75k€109k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€75k€109k▲
Amounts payable17/49€26k€97k▲
Amounts payable within one year42/48€26k€96k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€17k€48k▲
Taxes450/3€17k€48k▲
Other amounts payable47/48€5k€45k▲
Accrued charges and deferred income492/3€224€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€801€3k▲
Other operating charges640/8-€34
Gross operating margin9900€86k€108k▲
Operating profit (loss)9901€85k€105k▲
Financial charges65/66B€42€53▲
Recurring financial charges65€42€53▲
Profit (loss) for the period before taxes9903€85k€105k▲
Income taxes67/77€17k€21k▲
Profit (loss) for the period9904€68k€84k▲
Profit (loss) for the period to be appropriated9905€68k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€159k▲
Profit (loss) brought forward from the previous period14P€7k€75k▲
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
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
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Highest result since 2023net €84k ▲23.7%
Operating result €105k, net result €84k, both a record.
31-12
Financial
Equity above €100kEq €109k ▲45.2%
3 profitable years in a row build equity to €109k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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.
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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, Schaarbeek · 1 establishment unit since 2023
Ground area
158 m²
Building footprint
157 m²
Volume, LiDAR
1,684 m³
Parcel 21905C0151/00L010, Brussels · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Victor Hugostraat 174, 1030 Schaarbeek
since 20232.354.542.564
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0151/00L010 | Brussels | 158 m² | 1 · 157 m² | 14.9 m · 4 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
Finadalo
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Ronse · Eq €109,370
Banqup Files
BE 0867.499.902
Gent · Eq €109,336
DIMI3
BE 0759.930.464
Antwerpen · Eq €109,323
Fleb.us
BE 0769.423.103
Leuven · Eq €109,288
The Secret Wine Garden
BE 0888.183.468
Grimbergen · Eq €109,480
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
66300Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.