WERISOL

Active

Public limited companyfounded 20215 yrs activeAvenue de l'Indépendance 83, 4020 Liège, BelgiumKBO/BCE: BE 0764.999.606

Summary

The computed 12-month bankruptcy probability of WERISOL is 1.8% (moderate). The 2024 annual accounts show equity of €2.87M and a net result of €779k. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 3549 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

82 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability96▼-4

Solvency98▲+38

Growth52▼-33

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €170k at 30 days acceptable

Liquidity ample (current ratio 4.55 against 1.35 in 2023; short-term debt: 8% and cash: 20.1% of total assets), and 27.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

72.9%

Return on assets

19.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

43 d early

2023

49 d early

2022

39 d early

2021

39 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€1.77M▼ 57.4%

2023 · €4.16M

2021: €2.37M 2022: €3.21M 2023: €4.16M

2021 → 2024

EBIT margin

62.0%▼ 15.2pp

2023 · 77.2%

2021: 37.8% 2022: 75.1% 2023: 77.2%

2021 → 2024

Net result

€779k▼ 66.9%

2023 · €2.35M

2021: €681k 2022: €1.76M 2023: €2.35M

2021 → 2024

Working capital

€1.12M▲ 28.9%

2023 · €870k

2021: €346k 2022: €747k 2023: €870k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€2.37M-€3.21M▲ 35.6%€4.16M▲ 29.4%€1.77M▼ 57.4%

Equity€1.18M-€1.74M▲ 47.2%€2.09M▲ 20.3%€2.87M▲ 37.2%

Operating result€897k-€2.41M▲ 169%€3.21M▲ 33.1%€1.10M▼ 65.8%

Net result€681k-€1.76M▲ 158%€2.35M▲ 34.0%€779k▼ 66.9%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 66% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.94M

63.5%

36.5%

Fixed assets €2.50M ▼ 2.8%

Current assets €1.44M ▼ 57.2%

Equity and liabilities €3.94M

72.9%

27.1%

Equity €2.87M ▲ 37.2%

Debt €1.07M ▼ 72.2%

Debt's share of the balance-sheet total falls from 64.7% to 27.1%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.17M▼

2023 · €3.29M

Cash flow

€851k▼

2023 · €2.43M

Current ratio

4.55▲

2023 · 1.35

Debt to equity

0.37▼

2023 · 1.83

ROE

27.1%▼

2023 · 112.5%

ROA

19.8%▼

2023 · 39.7%

Interest coverage

16.99▼

2023 · 44.11

Debt ≤ 1 year

€316k▼

2023 · €2.49M

Debt > 1 year

€750k▼

2023 · €1.35M

Income taxes

€259k▼

2023 · €785k

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 · 55 lines

Balance sheet Code20232024

Assets

Total assets20/58€5.93M€3.94M▼

Fixed assets21/28€2.57M€2.50M▼

Intangible fixed assets21€465€0▼

Tangible fixed assets22/27€2.57M€2.50M▼

Land and buildings22€2.41M€2.41M=

Plant, machinery and equipment23€42k€18k▼

Furniture and vehicles24€144€0▼

Assets under construction and advance payments27€116k€69k▼

Financial fixed assets28€3k€3k=

Current assets29/58€3.35M€1.44M▼

Amounts receivable within one year40/41€1.85M€635k▼

Trade receivables40€1.85M€630k▼

Other amounts receivable41€0€5k▲

Current investments50/53-€0

Cash at bank and in hand54/58€1.50M€791k▼

Deferred charges and accrued income490/1€3k€11k▲

Equity and liabilities

Total equity and liabilities10/49€5.93M€3.94M▼

Equity10/15€2.09M€2.87M▲

Contributions10/11€1.10M€1.10M=

Capital10€1.10M€1.10M=

Issued capital100€1.10M€1.10M=

Reserves13€110k€110k=

Non-distributable reserves130/1€110k€110k=

Legal reserve130€110k€110k=

Profit (loss) carried forward14€882k€1.66M▲

Amounts payable17/49€3.84M€1.07M▼

Amounts payable after more than one year17€1.35M€750k▼

Financial debts170/4€1.35M€750k▼

Amounts payable within one year42/48€2.49M€316k▼

Current portion of amounts payable after more than one year42€300k€300k=

Financial debts43-€0

Credit institutions430/8-€0

Trade debts44€52k€9k▼

Suppliers440/4€52k€9k▼

Taxes, remuneration and social security45€133k€6k▼

Taxes450/3€133k€6k▼

Other amounts payable47/48€2.00M€0▼

Income statement Code20232024

Turnover70€4.16M€1.77M▼

Goods, raw materials, services and sundry goods60/61€873k€598k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€72k▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€3.29M€1.17M▼

Operating profit (loss)9901€3.21M€1.10M▼

Financial income75/76B€76€8k▲

Recurring financial income75€76€8k▲

Financial charges65/66B€74k€69k▼

Recurring financial charges65€74k€69k▼

Profit (loss) for the period before taxes9903€3.14M€1.04M▼

Income taxes67/77€785k€259k▼

Profit (loss) for the period9904€2.35M€779k▼

Profit (loss) for the period to be appropriated9905€2.35M€779k▼

Appropriation of the result

Profit (loss) to be appropriated9906€2.88M€1.66M▼

Profit (loss) brought forward from the previous period14P€528k€882k▲

Profit to be distributed694/7€2.00M-

Return on contributions (dividend)694€2.00M-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

18-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Liquidity triplescurrent ratio 4.55

Current ratio from 1.35 to 4.55; short-term debt falls from €2.49M to €316k.

12-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2021net €2.35M ▲34%

Operating result €3.21M, net result €2.35M, both a record.

31-12

Financial Equity above €2MEq €2.09M ▲20.3%

3 profitable years in a row build equity to €2.09M.

22-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

22-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Liège · 1 establishment unit since 2021

establishment approximate The establishment unit on the map

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.

Avenue de l'Indépendance 834020 Liège

Ground area

10.9 ha

Building footprint

1.1 ha

Volume, LiDAR

125,900 m³

2 parcels, Wallonia · tallest building 19.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Rue Wérihet SN, 4020 Liège

Sewerage

since 20212.315.650.217

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62113A0334/00M000indicative	Wallonia	8.6 ha	1 · 1.1 ha	19.1 m · 3 fl.
62113B0782/00E003	Wallonia	2.2 ha	1 · 603 m²	8.3 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

1 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

Etablissements Hublet

BE 0417.857.885

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Stabroek · Eq €2,896,548

PIROT

BE 0474.498.363

Libin · Eq €2,821,839

TARIK

BE 0809.468.463

Waasmunster · Eq €2,815,516

Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 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 formPublic limited company

Founded12-03-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43120Site preparation

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:04 240 70 13

Enterprise