WITRADE
ActiveSummary
WITRADE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.30M and a net result of €427k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-3
Solvency78▲+1
Growth41▼-2
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 2.15 in 2024; short-term debt: 35% and cash: 4.3% of total assets), and 46.5% 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 · 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
53.5%
Return on assets
5.3%
Age of the figures
12 mo
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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
78 d early
2023
70 d early
2022
108 d early
2021
106 d early
2020
113 d early
2019
107 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.75M▼ 14.5%
2024 · €18.43M
2018: €21.93M
2019: €22.74M▲ +3.7% vs 2018
2020: €16.79M▼ -26.2% vs 2019
2021: €17.42M▲ +3.8% vs 2020
2022: €28.46M▲ +63.3% vs 2021highest in 8 years
2023: €20.42M▼ -28.2% vs 2022
2024: €18.43M▼ -9.8% vs 2023
2025: €15.75M▼ -14.5% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
4.5%▼ 1.2pp
2024 · 5.7%
2018: 9.9%
2019: 8.3%▼ -16.3% vs 2018
2020: 6.3%▼ -24.4% vs 2019
2021: 9.4%▲ +49.5% vs 2020
2022: 9.8%▲ +4.8% vs 2021
2023: 11.0%▲ +11.8% vs 2022highest in 8 years
2024: 5.7%▼ -48.6% vs 2023
2025: 4.5%▼ -20.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€427k▼ 33.8%
2024 · €644k
2018: €1.42M
2019: €1.21M▼ -15.0% vs 2018
2020: €705k▼ -41.5% vs 2019
2021: €1.00M▲ +42.4% vs 2020
2022: €1.75M▲ +74.7% vs 2021highest in 8 years
2023: €1.40M▼ -19.9% vs 2022
2024: €644k▼ -54.1% vs 2023
2025: €427k▼ -33.8% vs 2024lowest in 8 years
2018 → 2025
Working capital
€5.06M▼ 3.3%
2024 · €5.23M
2018: €2.99Mlowest in 8 years
2019: €3.42M▲ +14.3% vs 2018
2020: €3.59M▲ +5.1% vs 2019
2021: €4.36M▲ +21.3% vs 2020
2022: €4.78M▲ +9.6% vs 2021
2023: €5.07M▲ +6.0% vs 2022
2024: €5.23M▲ +3.2% vs 2023highest in 8 years
2025: €5.06M▼ -3.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.42M-€28.46M▲ 63.3%€20.42M▼ 28.2%€18.43M▼ 9.8%€15.75M▼ 14.5%
2021: €17.42M
2022: €28.46M▲ +63.3% vs 2021highest in 5 years
2023: €20.42M▼ -28.2% vs 2022
2024: €18.43M▼ -9.8% vs 2023
2025: €15.75M▼ -14.5% vs 2024lowest in 5 years
Equity€3.84M-€4.49M▲ 17.0%€4.87M▲ 8.4%€5.18M▲ 6.4%€4.30M▼ 17.1%
2021: €3.84Mlowest in 5 years
2022: €4.49M▲ +17.0% vs 2021
2023: €4.87M▲ +8.4% vs 2022
2024: €5.18M▲ +6.4% vs 2023highest in 5 years
2025: €4.30M▼ -17.1% vs 2024
Operating result€1.64M-€2.80M▲ 71.1%€2.25M▼ 19.8%€1.04M▼ 53.6%€705k▼ 32.3%
2021: €1.64M
2022: €2.80M▲ +71.1% vs 2021highest in 5 years
2023: €2.25M▼ -19.8% vs 2022
2024: €1.04M▼ -53.6% vs 2023
2025: €705k▼ -32.3% vs 2024lowest in 5 years
Net result€1.00M-€1.75M▲ 74.7%€1.40M▼ 19.9%€644k▼ 54.1%€427k▼ 33.8%
2021: €1.00M
2022: €1.75M▲ +74.7% vs 2021highest in 5 years
2023: €1.40M▼ -19.9% vs 2022
2024: €644k▼ -54.1% vs 2023
2025: €427k▼ -33.8% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.03M
Fixed assets
€165k ▼ 11.8%
Current assets
€7.87M ▼ 19.7%
Equity and liabilities €8.03M
Equity
€4.30M ▼ 17.1%
Debt
€3.74M ▼ 22.1%
Debt's share of the balance-sheet total falls from 48.1% to 46.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€732k▼
2024 · €1.06M
Cash flow
€454k▼
2024 · €659k
Current ratio
2.80▲
2024 · 2.15
Quick ratio
1.33▲
2024 · 0.91
Debt to equity
0.87▼
2024 · 0.93
ROE
9.9%▼
2024 · 12.4%
ROA
5.3%▼
2024 · 6.5%
Interest coverage
10.20▼
2024 · 20.59
Debt ≤ 1 year
€2.81M▼
2024 · €4.56M
Debt > 1 year
€733k
Income taxes
€78k▼
2024 · €158k
Staff costs
€392k▲
2024 · €386k
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 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.98M€8.03M▼
Fixed assets21/28€187k€165k▼
Tangible fixed assets22/27€187k€165k▼
Furniture and vehicles24€39k€32k▼
Other tangible fixed assets26€148k€133k▼
Financial fixed assets28€255€255=
Other financial fixed assets284/8€255€255=
Amounts receivable and cash guarantees285/8€255€255=
Current assets29/58€9.79M€7.87M▼
Amounts receivable after more than one year29€30k€24k▼
Other amounts receivable291€30k€24k▼
Stocks and contracts in progress3€5.64M€4.12M▼
Stocks30/36€5.64M€4.12M▼
Goods purchased for resale34€5.64M€4.12M▼
Amounts receivable within one year40/41€4.04M€3.38M▼
Trade receivables40€3.91M€3.26M▼
Other amounts receivable41€127k€119k▼
Cash at bank and in hand54/58€83k€344k▲
Equity and liabilities
Total equity and liabilities10/49€9.98M€8.03M▼
Equity10/15€5.18M€4.30M▼
Contributions10/11€850k€850k=
Capital10€850k€850k=
Issued capital100€850k€850k=
Reserves13€85k€85k=
Non-distributable reserves130/1€85k€85k=
Legal reserve130€85k€85k=
Profit (loss) carried forward14€4.24M€3.36M▼
Amounts payable17/49€4.80M€3.74M▼
Amounts payable after more than one year17-€733k
Financial debts170/4-€733k
Credit institutions173-€733k
Amounts payable within one year42/48€4.56M€2.81M▼
Current portion of amounts payable after more than one year42-€190k
Financial debts43€106k€289k▲
Credit institutions430/8€106k€289k▲
Trade debts44€4.07M€1.99M▼
Suppliers440/4€4.07M€1.99M▼
Taxes, remuneration and social security45€55k€60k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€51k€56k▲
Other amounts payable47/48€335k€280k▼
Accrued charges and deferred income492/3€237k€192k▼
Income statement
Code20242025
Operating income70/76A€18.44M€15.77M▼
Turnover70€18.43M€15.75M▼
Other operating income74€14k€18k▲
Operating charges60/66A€17.40M€15.06M▼
Goods for resale, raw materials and consumables60€15.14M€12.83M▼
Purchases600/8€15.93M€11.33M▼
Change in stocks: decrease (increase)609€-786k€1.51M▲
Services and other goods61€1.81M€1.80M▼
Remuneration, social security and pensions62€386k€392k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€27k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€31k€-2k▼
Other operating charges640/8€15k€13k▼
Operating profit (loss)9901€1.04M€705k▼
Financial income75/76B€226k€412k▲
Recurring financial income75€5k€412k▲
Income from financial fixed assets750€5k-
Other financial income752/9-€412k
Non-recurring financial income76B€221k-
Financial charges65/66B€466k€612k▲
Recurring financial charges65€466k€612k▲
Debt charges650€51k€72k▲
Other financial charges652/9€415k€540k▲
Profit (loss) for the period before taxes9903€802k€505k▼
Income taxes67/77€158k€78k▼
Taxes670/3€158k€78k▼
Profit (loss) for the period9904€644k€427k▼
Profit (loss) for the period to be appropriated9905€644k€427k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.58M€4.67M▲
Profit (loss) brought forward from the previous period14P€3.94M€4.24M▲
Transfer to equity691/2-€1.03M
To other reserves6921-€1.03M
Profit to be distributed694/7€335k€280k▼
Return on contributions (dividend)694€134k€63k▼
Directors or managers695€201k€217k▲
Social balance
Average headcount (FTE)90874.24.2=
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €28.47M | €20.44M | €18.44M | €15.77M | ▼ 14.5% |
| Turnover70 | €17.42M | €28.46M | €20.42M | €18.43M | €15.75M | ▼ 14.5% |
| Other operating income74 | - | €13k | €11k | €14k | €18k | ▲ 32.7% |
| Operating charges60/66A | - | €25.67M | €18.19M | €17.40M | €15.06M | ▼ 13.4% |
| Goods for resale, raw materials and consumables60 | - | €22.51M | €16.60M | €15.14M | €12.83M | ▼ 15.2% |
| Purchases600/8 | - | €23.63M | €15.11M | €15.93M | €11.33M | ▼ 28.9% |
| Change in stocks: decrease (increase)609 | - | €-1.13M | €1.50M | €-786k | €1.51M | ▲ 292% |
| Services and other goods61 | - | €2.00M | €1.86M | €1.81M | €1.80M | ▼ 0.6% |
| Remuneration, social security and pensions62 | - | €363k | €388k | €386k | €392k | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €7k | €9k | €14k | €27k | ▲ 84.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €784k | €-668k | €31k | €-2k | ▼ 105% |
| Other operating charges640/8 | - | €5k | €2k | €15k | €13k | ▼ 12.9% |
| Operating profit (loss)9901 | €1.64M | €2.80M | €2.25M | €1.04M | €705k | ▼ 32.3% |
| Financial income75/76B | - | €185k | €83 | €226k | €412k | ▲ 82.0% |
| Recurring financial income75 | €122k | €185k | €83 | €5k | €412k | ▲ 8,442% |
| Income from financial fixed assets750 | - | - | €83 | €5k | - | - |
| Other financial income752/9 | - | €185k | - | - | €412k | - |
| Non-recurring financial income76B | - | - | - | €221k | - | - |
| Financial charges65/66B | - | €785k | €578k | €466k | €612k | ▲ 31.3% |
| Recurring financial charges65 | €505k | €785k | €578k | €466k | €612k | ▲ 31.3% |
| Debt charges650 | €53k | €61k | €35k | €51k | €72k | ▲ 39.9% |
| Other financial charges652/9 | - | €724k | €544k | €415k | €540k | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | €1.25M | €2.20M | €1.67M | €802k | €505k | ▼ 37.0% |
| Income taxes67/77 | €251k | €446k | €264k | €158k | €78k | ▼ 50.4% |
| Taxes670/3 | - | €446k | €264k | €158k | €78k | ▼ 50.4% |
| Profit (loss) for the period9904 | €1.00M | €1.75M | €1.40M | €644k | €427k | ▼ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €1.00M | €1.75M | €1.40M | €644k | €427k | ▼ 33.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.98M | €11.98M | €10.16M | €9.98M | €8.03M | ▼ 19.5% |
| Fixed assets21/28 | €18k | €40k | €38k | €187k | €165k | ▼ 11.8% |
| Tangible fixed assets22/27 | €9k | €30k | €24k | €187k | €165k | ▼ 11.8% |
| Furniture and vehicles24 | - | €30k | €24k | €39k | €32k | ▼ 17.0% |
| Other tangible fixed assets26 | - | €147 | €74 | €148k | €133k | ▼ 10.5% |
| Financial fixed assets28 | €9k | €9k | €15k | €255 | €255 | = |
| Other financial fixed assets284/8 | - | €9k | €15k | €255 | €255 | = |
| Amounts receivable and cash guarantees285/8 | - | €9k | €15k | €255 | €255 | = |
| Current assets29/58 | €10.96M | €11.94M | €10.12M | €9.79M | €7.87M | ▼ 19.7% |
| Amounts receivable after more than one year29 | - | - | - | €30k | €24k | ▼ 18.3% |
| Other amounts receivable291 | - | - | - | €30k | €24k | ▼ 18.3% |
| Stocks and contracts in progress3 | €5.35M | €5.75M | €4.90M | €5.64M | €4.12M | ▼ 27.0% |
| Stocks30/36 | - | €5.75M | €4.90M | €5.64M | €4.12M | ▼ 27.0% |
| Goods purchased for resale34 | - | €5.75M | €4.90M | €5.64M | €4.12M | ▼ 27.0% |
| Amounts receivable within one year40/41 | €4.77M | €5.66M | €4.12M | €4.04M | €3.38M | ▼ 16.3% |
| Trade receivables40 | - | €5.26M | €4.10M | €3.91M | €3.26M | ▼ 16.6% |
| Other amounts receivable41 | - | €400k | €15k | €127k | €119k | ▼ 6.8% |
| Current investments50/53 | - | - | €346k | - | - | - |
| Other investments51/53 | - | - | €346k | - | - | - |
| Cash at bank and in hand54/58 | €819k | €530k | €757k | €83k | €344k | ▲ 316% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.98M | €11.98M | €10.16M | €9.98M | €8.03M | ▼ 19.5% |
| Equity10/15 | €3.84M | €4.49M | €4.87M | €5.18M | €4.30M | ▼ 17.1% |
| Contributions10/11 | €850k | €850k | €850k | €850k | €850k | = |
| Capital10 | - | €850k | €850k | €850k | €850k | = |
| Issued capital100 | - | €850k | €850k | €850k | €850k | = |
| Reserves13 | €85k | €85k | €85k | €85k | €85k | = |
| Non-distributable reserves130/1 | - | €85k | €85k | €85k | €85k | = |
| Legal reserve130 | - | €85k | €85k | €85k | €85k | = |
| Profit (loss) carried forward14 | €2.90M | €3.56M | €3.94M | €4.24M | €3.36M | ▼ 20.8% |
| Amounts payable17/49 | €7.14M | €7.49M | €5.29M | €4.80M | €3.74M | ▼ 22.1% |
| Amounts payable after more than one year17 | €246k | €62k | - | - | €733k | - |
| Financial debts170/4 | - | €62k | - | - | €733k | - |
| Credit institutions173 | - | €62k | - | - | €733k | - |
| Amounts payable within one year42/48 | €6.60M | €7.16M | €5.05M | €4.56M | €2.81M | ▼ 38.4% |
| Current portion of amounts payable after more than one year42 | - | €184k | €62k | - | €190k | - |
| Financial debts43 | - | €929k | €170k | €106k | €289k | ▲ 173% |
| Credit institutions430/8 | - | €929k | €170k | €106k | €289k | ▲ 173% |
| Trade debts44 | €5.12M | €4.87M | €3.72M | €4.07M | €1.99M | ▼ 51.0% |
| Suppliers440/4 | - | €4.87M | €3.72M | €4.07M | €1.99M | ▼ 51.0% |
| Advances received on contracts in progress46 | - | €39k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €43k | €68k | €55k | €60k | ▲ 9.2% |
| Taxes450/3 | - | - | €18k | €3k | €4k | ▲ 17.6% |
| Remuneration and social security454/9 | - | €43k | €50k | €51k | €56k | ▲ 8.7% |
| Other amounts payable47/48 | - | €1.10M | €1.03M | €335k | €280k | ▼ 16.2% |
| Accrued charges and deferred income492/3 | - | €265k | €236k | €237k | €192k | ▼ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.00M | €1.75M | €1.40M | €644k | €427k | ▼ 33.8% |
| + Depreciation and write-downs630 | €12k | €7k | €9k | €14k | €27k | ▲ 84.7% |
| Operating cash flow (approximation) | €1.02M | €1.76M | €1.41M | €659k | €454k | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | €-29k | €-8k | €-163k | €-5k | ▲ 97.2% |
| Change in cash | - | €-289k | €227k | €-675k | €262k | ▲ 139% |
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
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €427k ▼33.8%
Net result drops to €427k, the lowest in the series.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Equity above €5MEq €5.18M ▲6.4%
7 profitable years in a row build equity to €5.18M.
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €1.75M ▲74.7%
Operating result €2.80M, net result €1.75M, both a record.
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Ronse · 1 establishment unit since 2013
Ground area
4,546 m²
Building footprint
1,890 m²
Parcel 45422C2331/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
WITRADE
since 20132.222.037.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C2331/00A000 | Flanders | 4,546 m² | 1 · 1,890 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300JBGKRK94U0NE65
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Of 1,276 companies in sector 46160 we hold annual accounts for 686. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-09-2013
Fiscal year end30-09
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46411Wholesale trade
70200Business and other management consultancy
Contact
E-mail
benoit.wittamer@gmail.comRonse
Phone
093306532Ronse
Scores and ratios are computed by Checked and are not a credit decision.