Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 13.5 to 9.7.
Financials
Financial year 2025
Welding Company from Schelle, company number BE0408354162, closed financial year 2025 with a result of € -927,284 after tax. For that financial year Welding Company recorded a gross margin of € -78,575 and equity of € 29,067. Compared with financial year 2024, the result moved from € -915,394 to € -927,284. The company made a loss. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 29,067
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -927,284
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.2 million
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -180,933.
People and assets in 2025
9.7
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 591,806
▼ 15% vs 2024
€ 61,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 187,831
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 250,000
Loans from banks and other lenders, long and short.
€ 628,679
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,918
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 5,112,402 | - | - | |
| Gross margin | € 1,480,687 | € 1,258,419 | € 34,319 | € -78,575 | ▼ € 112,894 |
| Profit after taxes | € 407,921 | € 35,022 | € -915,394 | € -927,284 | ▼ € 11,890 |
| Equity | € 1,836,723 | € 1,871,745 | € 956,351 | € 29,067 | ▼ 97% |
| Total debts | € 8,636,555 | € 8,488,851 | € 8,730,153 | € 8,622,204 | ▼ 1% |
| Cash | € 3,100,286 | € 2,269,819 | € 2,620,612 | € 4,157,504 | ▲ 59% |
| Land & buildings | - | - | - | € 51,859 | |
| Retained profit | € 1,626,723 | € 1,661,745 | € 746,351 | € -180,933 | ▼ € 927,284 |
| Bank debt | € 250,000 | € 250,000 | € 250,000 | € 250,000 | |
| Balance sheet total | € 10,473,278 | € 10,360,596 | € 9,686,504 | € 8,651,272 | ▼ 11% |
| Employees (FTE) | 14.1 | 13.5 | 11.1 | 9.7 | ▼ 1.4 |
Key figures of Welding Company, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Welding Company?
What happened at Welding Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 927,284. filed late Source: NBB ↗
- BRABELI BV became a director. NBB
- WOLFSTEE INVESTMENT I BV became a director. NBB
- New establishment in Schelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 407,921 profit in 2022 to € 927,284 loss in 2025.
Paid € 7,657 in corporate taxes since 2022.
Best year ever: 2022, with € 407,921 profit.
On average € 3,100 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of JANCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Welding CompanyBehind Welding Company are WOLFSTEE INVESTMENT I BV and BRABELI BV. The shares are held by JANCO (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Gustaaf WILS
Also active at: ANTWERP INDUSTRIAL PRODUCTS, Metalpart, LASTEK BELGIUM
since 2020
Director · represented by Timothy WILS
Also active at: ANTWERP INDUSTRIAL PRODUCTS, Metalpart, LASTEK BELGIUM, WOLFSTEE INVESTMENT II
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brandekensweg 6
2627 Schelle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0408.354.162
- VAT number
- BE 0408.354.162
- Registered office
- Brandekensweg 6, 2627 Schelle
- Names & denominations
- Welding Company · Welco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1971
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Groothandel in gereedschapswerktuigen
Vervaardiging van metalen constructiewerken en onderdelen daarvan
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Vervaardiging van metalen constructiewerken en delen daarvan
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)