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 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 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 · 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
Sector 46
higher
← 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
24-09-2026 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
2020: €16.79M
2021: €17.42M
2022: €28.46M
2023: €20.42M
2024: €18.43M
2018 → 2025
EBIT margin
4.5%▼ 1.2pp
2024 · 5.7%
2018: 9.9%
2019: 8.3%
2020: 6.3%
2021: 9.4%
2022: 9.8%
2023: 11.0%
2024: 5.7%
2018 → 2025
Net result
€427k▼ 33.8%
2024 · €644k
2018: €1.42M
2019: €1.21M
2020: €705k
2021: €1.00M
2022: €1.75M
2023: €1.40M
2024: €644k
2018 → 2025
Working capital
€5.06M▼ 3.3%
2024 · €5.23M
2018: €2.99M
2019: €3.42M
2020: €3.59M
2021: €4.36M
2022: €4.78M
2023: €5.07M
2024: €5.23M
2018 → 2025
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%
Equity€3.84M-€4.49M▲ 17.0%€4.87M▲ 8.4%€5.18M▲ 6.4%€4.30M▼ 17.1%
Operating result€1.64M-€2.80M▲ 71.1%€2.25M▼ 19.8%€1.04M▼ 53.6%€705k▼ 32.3%
Net result€1.00M-€1.75M▲ 74.7%€1.40M▼ 19.9%€644k▼ 54.1%€427k▼ 33.8%
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.
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.
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
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.
Ninoofsesteenweg 613/00019600 RonseGround 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
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300JBGKRK94U0NE65
Similar companies · same sector, comparable size
A.R.W.
BE 0439.676.155
Brussel · Eq €4.18M
EURO TRADE GROUP
BE 0502.811.475
Mechelen · Eq €4.49M
HUGO BOSS BELGIUM
BE 0478.054.701
Antwerpen · Eq €4.10M
PARTEX
BE 0682.524.266
Tervuren · Eq €4.82M
COTITEX
BE 0473.839.456
Brussel · Eq €5.00M
Of 1,275 companies in sector 46160 we hold annual accounts for 685. 121 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
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
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:benoit.wittamer@gmail.com
Phone:093306532