WES
ActiveSummary
WES has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.74M and a net result of €-181k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 93% of 470 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-52
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 19.17 against 21.88 in 2023; short-term debt: 0.7% and cash: 1% of total assets), and 1.3% of the assets are financed with debt.
Credit check 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 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-181k
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 21-05-2025, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d early
2023
50 d early
2022
60 d early
2021
45 d early
2020
86 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4.74M▼ 3.7%
2023 · €4.93M
2018: €5.88M
2019: €5.35M
2020: €5.23M
2021: €5.16M
2022: €5.04M
2023: €4.93M
2018 → 2024
Total assets
€4.81M▼ 3.4%
2023 · €4.98M
2018: €6.12M
2019: €5.57M
2020: €5.31M
2021: €5.23M
2022: €5.14M
2023: €4.98M
2018 → 2024
Net result
€-181k▼ 61.5%
2023 · €-112k
2018: €-21k
2019: €-527k
2020: €-121k
2021: €-65k
2022: €-127k
2023: €-112k
2018 → 2024
Working capital
€613k▼ 8.5%
2023 · €670k
2018: €1.07M
2019: €665k
2020: €644k
2021: €673k
2022: €665k
2023: €670k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.23M-€5.16M▼ 1.2%€5.04M▼ 2.5%€4.93M▼ 2.2%€4.74M▼ 3.7%
Operating result€-92k-€-38k▲ 58.5%€-86k▼ 125%€-81k▲ 5.6%€-154k▼ 90.1%
Net result€-121k-€-65k▲ 46.4%€-127k▼ 94.9%€-112k▲ 11.5%€-181k▼ 61.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €154k in 2024 against €81k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.81M
Fixed assets
€4.16M ▼ 2.7%
Current assets
€647k ▼ 7.9%
Equity and liabilities €4.81M
Equity
€4.74M ▼ 3.7%
Debt
€61k ▲ 21.3%
Debt's share of the balance-sheet total rises from 1.0% to 1.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-39k▼
2023 · €36k
Cash flow
€-66k▼
2023 · €5k
Current ratio
19.17▼
2023 · 21.88
Debt to equity
0.01▲
2023 · 0.01
ROE
-3.8%▼
2023 · -2.3%
ROA
-3.8%▼
2023 · -2.3%
Interest coverage
-140.87▼
2023 · 129.60
Debt ≤ 1 year
€34k▲
2023 · €32k
Debt > 1 year
€17k=
2023 · €17k
Income taxes
€27k▼
2023 · €31k
Staff costs
€34k▲
2023 · €30k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.98M€4.81M▼
Fixed assets21/28€4.27M€4.16M▼
Tangible fixed assets22/27€4.23M€4.12M▼
Land and buildings22€4.20M€4.09M▼
Furniture and vehicles24€35k€25k▼
Financial fixed assets28€40k€40k=
Current assets29/58€702k€647k▼
Amounts receivable within one year40/41€202k€254k▲
Trade receivables40€2k€908▼
Other amounts receivable41€201k€254k▲
Current investments50/53€453k€342k▼
Cash at bank and in hand54/58€43k€46k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.98M€4.81M▼
Equity10/15€4.93M€4.74M▼
Contributions10/11€4.51M€4.51M=
Capital10€4.51M€4.51M=
Reserves13€1.36M€1.36M=
Profit (loss) carried forward14€-952k€-1.13M▼
Amounts payable17/49€51k€61k▲
Amounts payable after more than one year17€17k€17k=
Financial debts170/4€17k€17k=
Amounts payable within one year42/48€32k€34k▲
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€27k€17k▼
Taxes450/3€24k€13k▼
Remuneration and social security454/9€4k€4k▲
Accrued charges and deferred income492/3€2k€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€30k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€115k▼
Other operating charges640/8€38k€33k▼
Gross operating margin9900€105k€29k▼
Operating profit (loss)9901€-81k€-154k▼
Financial income75/76B€4€8▲
Recurring financial income75€4€8▲
Financial charges65/66B€281€275▼
Recurring financial charges65€281€275▼
Profit (loss) for the period before taxes9903€-81k€-154k▼
Income taxes67/77€31k€27k▼
Profit (loss) for the period9904€-112k€-181k▼
Profit (loss) for the period to be appropriated9905€-112k€-181k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-952k€-1.13M▼
Profit (loss) brought forward from the previous period14P€-840k€-952k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 21.88
Current ratio from 9.08 to 21.88; short-term debt falls from €82k to €32k.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 15.46
Current ratio from 4.74 to 15.46; short-term debt falls from €178k to €45k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-527k
Net result drops to €-527k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
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.
Directors · office · real estate
Directors
16 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, Brugge · 1 establishment unit since 2006
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.
Baron Ruzettelaan 278310 BruggeGround area
2,131 m²
Building footprint
648 m²
Volume, LiDAR
8,743 m³
Parcel 31434C0040/00N000, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
WES
since 20062.153.723.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0040/00N000 | Flanders | 2,131 m² | 1 · 648 m² | 20.7 m · 5 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.
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Of 1,256 companies in sector 94110 we hold annual accounts for 579. 379 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 formNon-profit association
Founded20-11-1959
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.