WEM PROJECT
ActiveSummary
WEM PROJECT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16k and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 80% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-78
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 4.42 against 5.52 in 2023; short-term debt: 22.6% and cash: 56.4% of total assets), and 22.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
77.4%
Return on assets
-19.9%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
48 d early
2022
49 d early
2021
48 d early
2020
46 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€16k▼ 20.4%
2023 · €20k
2018: €21khighest in 7 years
2019: €18k▼ -12.1% vs 2018
2020: €19k▲ +3.1% vs 2019
2021: €18k▼ -2.1% vs 2020
2022: €18k▲ +1.3% vs 2021
2023: €20k▲ +10.7% vs 2022
2024: €16k▼ -20.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€21k▼ 18.7%
2023 · €26k
2018: €21k
2019: €18k▼ -15.2% vs 2018lowest in 7 years
2020: €19k▲ +3.7% vs 2019
2021: €19k▲ +1.1% vs 2020
2022: €20k▲ +3.2% vs 2021
2023: €26k▲ +31.6% vs 2022highest in 7 years
2024: €21k▼ -18.7% vs 2023
2018 → 2024
Net result
€-4k
2023 · €2k
2018: €714
2019: €-2k▼ -449% vs 2018
2020: €559▲ +122% vs 2019
2021: €-394▼ -170% vs 2020
2022: €234▲ +159% vs 2021
2023: €2k▲ +749% vs 2022highest in 7 years
2024: €-4k▼ -311% vs 2023lowest in 7 years
2018 → 2024
Working capital
€16k▼ 22.1%
2023 · €21k
2018: €20k
2019: €18k▼ -11.2% vs 2018
2020: €19k▲ +3.7% vs 2019
2021: €17k▼ -6.8% vs 2020
2022: €18k▲ +1.4% vs 2021
2023: €21k▲ +18.4% vs 2022highest in 7 years
2024: €16k▼ -22.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€18k▼ 2.1%€18k▲ 1.3%€20k▲ 10.7%€16k▼ 20.4%
2020: €19k
2021: €18k▼ -2.1% vs 2020
2022: €18k▲ +1.3% vs 2021
2023: €20k▲ +10.7% vs 2022highest in 5 years
2024: €16k▼ -20.4% vs 2023lowest in 5 years
Operating result€605-€-260€858€3k▲ 307%€-2k
2020: €605
2021: €-260▼ -143% vs 2020
2022: €858▲ +430% vs 2021
2023: €3k▲ +307% vs 2022highest in 5 years
2024: €-2k▼ -156% vs 2023lowest in 5 years
Net result€559-€-394€234€2k▲ 749%€-4k
2020: €559
2021: €-394▼ -170% vs 2020
2022: €234▲ +159% vs 2021
2023: €2k▲ +749% vs 2022highest in 5 years
2024: €-4k▼ -311% vs 2023lowest in 5 years
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 €2k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21k
Fixed assets
€40 ▼ 90.2%
Current assets
€21k ▼ 17.6%
Equity and liabilities €21k
Equity
€16k ▼ 20.4%
Debt
€5k ▼ 12.3%
Debt's share of the balance-sheet total rises from 20.9% to 22.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2023 · €4k
Cash flow
€-4k▼
2023 · €2k
Current ratio
4.42▼
2023 · 5.52
Debt to equity
0.29▲
2023 · 0.26
ROE
-25.7%▼
2023 · 9.7%
ROA
-19.9%▼
2023 · 7.7%
Interest coverage
-0.94▼
2023 · 26.21
Debt ≤ 1 year
€5k▲
2023 · €5k
Income taxes
€580▼
2023 · €1k
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€26k€21k▼
Fixed assets21/28€410€40▼
Tangible fixed assets22/27€410€40▼
Furniture and vehicles24€410€40▼
Current assets29/58€25k€21k▼
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€663€997▲
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€26k€21k▼
Equity10/15€20k€16k▼
Contributions10/11€6k€6k=
Reserves13€14k€10k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€14k€10k▼
Amounts payable17/49€5k€5k▼
Amounts payable within one year42/48€5k€5k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Accrued charges and deferred income492/3€800€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€458€370▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€6k€-361▼
Operating profit (loss)9901€3k€-2k▼
Financial income75/76B€16€28▲
Recurring financial income75€16€28▲
Financial charges65/66B€151€2k▲
Recurring financial charges65€151€2k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€1k€580▼
Profit (loss) for the period9904€2k€-4k▼
Profit (loss) for the period to be appropriated9905€2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-4k▼
Transfer from equity791/2-€4k
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €132 | €426 | €458 | €370 | ▼ 19.2% |
| Other operating charges640/8 | - | €581 | €584 | €2k | €1k | ▼ 22.7% |
| Gross operating margin9900 | €1k | €454 | €2k | €6k | €-361 | ▼ 107% |
| Operating profit (loss)9901 | €605 | €-260 | €858 | €3k | €-2k | ▼ 156% |
| Financial income75/76B | - | €11 | €30 | €16 | €28 | ▲ 78.2% |
| Recurring financial income75 | - | €11 | €30 | €16 | €28 | ▲ 78.2% |
| Financial charges65/66B | - | €8 | €0 | €151 | €2k | ▲ 1,014% |
| Recurring financial charges65 | €46 | €8 | €0 | €151 | €2k | ▲ 1,014% |
| Profit (loss) for the period before taxes9903 | €559 | €-256 | €888 | €3k | €-4k | ▼ 207% |
| Income taxes67/77 | - | €138 | €654 | €1k | €580 | ▼ 57.8% |
| Profit (loss) for the period9904 | €559 | €-394 | €234 | €2k | €-4k | ▼ 311% |
| Profit (loss) for the period to be appropriated9905 | €559 | €-394 | €234 | €2k | €-4k | ▼ 311% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19k | €19k | €20k | €26k | €21k | ▼ 18.7% |
| Fixed assets21/28 | - | €877 | €868 | €410 | €40 | ▼ 90.2% |
| Tangible fixed assets22/27 | - | €877 | €868 | €410 | €40 | ▼ 90.2% |
| Furniture and vehicles24 | - | €877 | €868 | €410 | €40 | ▼ 90.2% |
| Current assets29/58 | €19k | €18k | €19k | €25k | €21k | ▼ 17.6% |
| Amounts receivable within one year40/41 | €1k | €2k | €2k | €4k | €4k | ▼ 8.1% |
| Trade receivables40 | - | €1k | €1k | €4k | €3k | ▼ 19.2% |
| Other amounts receivable41 | - | €348 | €522 | €663 | €997 | ▲ 50.4% |
| Cash at bank and in hand54/58 | €16k | €17k | €17k | €13k | €12k | ▼ 10.9% |
| Deferred charges and accrued income490/1 | - | - | - | €8k | €5k | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19k | €19k | €20k | €26k | €21k | ▼ 18.7% |
| Equity10/15 | €19k | €18k | €18k | €20k | €16k | ▼ 20.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €13k | €12k | €12k | €14k | €10k | ▼ 29.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €10k | €10k | €14k | €10k | ▼ 29.4% |
| Profit (loss) carried forward14 | €-302 | - | - | - | - | - |
| Amounts payable17/49 | €208 | €804 | €1k | €5k | €5k | ▼ 12.3% |
| Amounts payable within one year42/48 | €208 | €804 | €1k | €5k | €5k | ▲ 3.0% |
| Trade debts44 | €187 | €160 | €192 | €3k | €2k | ▼ 16.9% |
| Suppliers440/4 | - | €160 | €192 | €3k | €2k | ▼ 16.9% |
| Taxes, remuneration and social security45 | - | €643 | €992 | €2k | €3k | ▲ 28.2% |
| Taxes450/3 | - | €643 | €992 | €2k | €3k | ▲ 28.2% |
| Accrued charges and deferred income492/3 | - | - | - | €800 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €559 | €-394 | €234 | €2k | €-4k | ▼ 311% |
| + Depreciation and write-downs630 | - | €132 | €426 | €458 | €370 | ▼ 19.2% |
| Operating cash flow (approximation) | €559 | €-262 | €659 | €2k | €-4k | ▼ 256% |
| Investment in fixed assets (approximation) | - | - | €-417 | €0 | €0 | - |
| Change in cash | - | €126 | €449 | €-4k | €-1k | ▲ 61.6% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €2k ▲749%
Operating result €3k, net result €2k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €234
Net result €234 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €559
Net result €559 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 7current ratio 183.28
Current ratio from 24.52 to 183.28; short-term debt falls from €859 to €98.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Lanaken · 1 establishment unit since 2002
Ground area
2,878 m²
Building footprint
553 m²
Volume, LiDAR
2,518 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Heirbaan 221, 3620 Lanaken
since 20022.096.159.607
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73057A0393/00G000 | Flanders | 2,400 m² | 1 · 356 m² | 9.3 m · 2 fl. |
| 73064B1010/00P000 | Flanders | 478 m² | 1 · 197 m² | 3.9 m · 1 fl. |
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.
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OUT OF PRINT
BE 0835.742.595
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Of 1,744 companies in sector 46150 we hold annual accounts for 759. 437 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
Founded29-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.