Financials
- Fiscal year
- 2025
- Turnover
- €72.9m
- Loss
- -€11.1m
- Solvency
- -86.1%
Turnover▼ 27.3%
Net result
20232025
WEngage
Judicial reorganisationSummary
The file of WEngage contains 3 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€12.7m) and a net result of -€11.1m. Equity is shrinking by about 128% per year across the filed fiscal years. Its solvency ranks better than 5% of 1,150 sector peers (NACE 82, fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Brussels
- Opened
- 25 July 2025
- Track
- Reorganisation by amicable settlement
- Docket number
- 20250040
- Moratorium until
- 15 January 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Theo Raedschelders
- Official Gazette
- 31-07-2025 (pdf) ↗search the document for 2025/132957
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Office administrative, office support and other business support activities
NACE 82200
#1 employer in Flemish Brabant, Office administrative support sector5 sites
Size
€72.9mturnover 2025
- Staff
- 1,057.3 FTE
- Equity
- -€12.7m
- Loss
- -€11.1m
Financial health
0
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- WEngage International · 100%
- Holdings
- 1
Auditor: BV PwC BedrijfsrevisorenAccounts 3 days early2 of 13 deeds read
Why 0raises riskNegative equityIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
0
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
0-19
equity -86.1% of total assets
Liquidity
1-1
short-term debt 152.7% · cash 1.1%
Profitability
0=
return on assets -75.2%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.62 against 0.96 in 2024; short-term debt: 152.7% and cash: 1.1% of total assets), and equity is negative.
Signals
Three signals.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€12.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 days early
2024
7 days early
2023
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Kevin Veestraeten ·…
- Annual accounts filedfiscal year 2025 · full…
- Permanent representatives: Kevin Veestraeten and Peter…State Gazette act
Key points
- Risk: In judicial reorganisationtrustee not known 25-07-2025 View
- Risk: Negative equityfiscal year 2025: debts exceed assets -€12.7m View
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€11.1m View
- Caution: Equity fell in 2025from -€1.6m to -€12.7m ▼ 691% View
- Caution: Among the weakest 5% on solvencysector median 44.8% · 1,150 companies -86.1% View
- Controlled by WEngage Internationalultimately: NEWPORT INVESTMENTS SA 100% View
- Flemish supportawarded 2023 - 2025 €79,104 View
By topic
Board & ownership
- Parent
- WEngage International · 100%
- Auditor
- BV PwC Bedrijfsrevisoren
Network & group
- Group
- NEWPORT INVESTMENTS SA
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 9
- Since
- 2024
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 19-12-2025Extension
- 18-09-2025Extension
Company details
- Sites
- 5
- Legal form
- Public limited company
- Activity
- Office administrative, office support and other business support…NACE 82200
- Founded
- 03-11-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
See the provisions in the deeds
Go to Articles of associationGo further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Which other companies belong to the same group?KORAMIC INVESTMENTS · 49 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Office administrative, office support and other business support activities sector doing?Sector figures
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