WERCO is a wholesaler in Oostende. Public Limited, started on 20 December 1976, 1 establishment.

What is the address of WERCO?

The registered office of WERCO is located at Hospitaalstraat 5, 8400 Oostende.

Is WERCO still active?

Yes. According to the CBE (30 October 2026) WERCO is active, legal situation “Normale toestand”, started on 20 December 1976.

Is WERCO registered on Peppol?

Yes, WERCO is registered on the Peppol network with ID 0208:0416608664.

What is the enterprise number of WERCO?

The enterprise number of WERCO is BE0416608664.

When was WERCO founded?

WERCO was founded on 20 December 1976.

Who are the directors of WERCO?

According to the 2025 annual accounts, the directors of WERCO are: Martine Verlinde, Koen Thenaers, Paul Willems.

Is WERCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 20 December 1976; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did WERCO make in 2025?

WERCO posted a profit after taxes of € 64,015 in financial year 2025.

What is the revenue of WERCO?

As a small company, WERCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 384,611.

How much does an employee at WERCO earn?

The average wage cost per full-time employee at WERCO was € 66,900 in 2025: staff costs of € 234,194 for 3.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does WERCO have?

According to the 2025 annual accounts, WERCO has 3.5 full-time equivalents (FTE).

Does WERCO have a website?

Yes, WERCO has a website at wercowines.com.

WERCO (Public Limited) - Oostende - BE0416608664

Dossier WERCO, printed on 30 October 2026 from databakkes.be/en/0416608664/werco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 4.3 to 3.5.

Financials

Financial year 2025

WERCO from Oostende, company number BE0416608664, closed financial year 2025 with a result of € 64,015 after tax. For that financial year WERCO recorded a gross margin of € 384,611 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 20,713 to € 64,015. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2026.

What it is worth Growing

€ 2.3 million

▲ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 64,015

▲ 209% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 132,403

▲ 177% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.7 million.

People and assets in 2025

Full-time equivalents

3.5

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 234,194

▼ 10% vs 2024

€ 66,900 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.

Vehicles and equipment

€ 29,866

▲ 42% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 14,603

▼ 82% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 616,235

▼ 25% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 94,621

▲ 25% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 415,537 Gross margin 2022: € 415,537 First fiscal year in the series	€ 399,904 Gross margin 2023: € 399,904 ▼ 4% vs 2022 (€ 415,537) Unfavourable step	€ 369,147 Gross margin 2024: € 369,147 ▼ 8% vs 2023 (€ 399,904) Unfavourable step	€ 384,611 Gross margin 2025: € 384,611 ▲ 4% vs 2024 (€ 369,147) Favourable step	▲ 4%
Profit after taxes	€ 101,089 Profit after taxes 2022: € 101,089 First fiscal year in the series	€ 43,111 Profit after taxes 2023: € 43,111 ▼ 57% vs 2022 (€ 101,089) Unfavourable step	€ 20,713 Profit after taxes 2024: € 20,713 ▼ 52% vs 2023 (€ 43,111) Unfavourable step	€ 64,015 Profit after taxes 2025: € 64,015 ▲ 209% vs 2024 (€ 20,713) Favourable step	▲ 209%
Equity	€ 2,131,532 Equity 2022: € 2,131,532 First fiscal year in the series	€ 2,174,643 Equity 2023: € 2,174,643 ▲ 2% vs 2022 (€ 2,131,532) Favourable step	€ 2,195,357 Equity 2024: € 2,195,357 ▲ 1% vs 2023 (€ 2,174,643) Favourable step	€ 2,259,372 Equity 2025: € 2,259,372 ▲ 3% vs 2024 (€ 2,195,357) Favourable step	▲ 3%
Total debts	€ 1,207,604 Total debts 2022: € 1,207,604 First fiscal year in the series	€ 1,292,795 Total debts 2023: € 1,292,795 ▲ 7% vs 2022 (€ 1,207,604) Unfavourable step	€ 1,376,915 Total debts 2024: € 1,376,915 ▲ 7% vs 2023 (€ 1,292,795) Unfavourable step	€ 1,187,903 Total debts 2025: € 1,187,903 ▼ 14% vs 2024 (€ 1,376,915) Favourable step	▼ 14%
Cash	€ 92,516 Cash 2022: € 92,516 First fiscal year in the series	€ 49,301 Cash 2023: € 49,301 ▼ 47% vs 2022 (€ 92,516) Unfavourable step	€ 47,767 Cash 2024: € 47,767 ▼ 3% vs 2023 (€ 49,301) Unfavourable step	€ 132,403 Cash 2025: € 132,403 ▲ 177% vs 2024 (€ 47,767) Favourable step	▲ 177%
Land & buildings	€ 38,099 Land & buildings 2022: € 38,099 First fiscal year in the series	€ 37,110 Land & buildings 2023: € 37,110 ▼ 3% vs 2022 (€ 38,099) Unchanged	€ 35,339 Land & buildings 2024: € 35,339 ▼ 5% vs 2023 (€ 37,110) Unchanged	€ 36,866 Land & buildings 2025: € 36,866 ▲ 4% vs 2024 (€ 35,339) Unchanged	▲ 4%
Retained profit	€ 1,610,956 Retained profit 2022: € 1,610,956 First fiscal year in the series	€ 1,654,067 Retained profit 2023: € 1,654,067 ▲ 3% vs 2022 (€ 1,610,956) Favourable step	€ 1,674,781 Retained profit 2024: € 1,674,781 ▲ 1% vs 2023 (€ 1,654,067) Favourable step	€ 1,738,795 Retained profit 2025: € 1,738,795 ▲ 4% vs 2024 (€ 1,674,781) Favourable step	▲ 4%
Bank debt	€ 370,930 Bank debt 2022: € 370,930 First fiscal year in the series	€ 366,308 Bank debt 2023: € 366,308 ▼ 1% vs 2022 (€ 370,930) Favourable step	€ 80,034 Bank debt 2024: € 80,034 ▼ 78% vs 2023 (€ 366,308) Favourable step	€ 14,603 Bank debt 2025: € 14,603 ▼ 82% vs 2024 (€ 80,034) Favourable step	▼ 82%
Balance sheet total	€ 3,339,136 Balance sheet total 2022: € 3,339,136 First fiscal year in the series	€ 3,467,438 Balance sheet total 2023: € 3,467,438 ▲ 4% vs 2022 (€ 3,339,136) Unchanged	€ 3,572,272 Balance sheet total 2024: € 3,572,272 ▲ 3% vs 2023 (€ 3,467,438) Unchanged	€ 3,447,274 Balance sheet total 2025: € 3,447,274 ▼ 3% vs 2024 (€ 3,572,272) Unchanged	▼ 3%
Employees (FTE)	3.9 Employees (FTE) 2022: 3.9 First fiscal year in the series	4.3 Employees (FTE) 2023: 4.3 ▲ 0.4 vs 2022 (3.9) Unchanged	4.1 Employees (FTE) 2024: 4.1 ▼ 0.2 vs 2023 (4.3) Unchanged	3.5 Employees (FTE) 2025: 3.5 ▼ 0.6 vs 2024 (4.1) Unchanged	▼ 0.6

Key figures of WERCO, 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 WERCO?

What happened at WERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Martine Verlinde stepped down as director. NBB
2028 Koen Thenaers stepped down as director. NBB
2028 Paul Willems stepped down as director. NBB
Sep 15, 2026 New annual accounts for financial year 2025: profit of € 64,015 (▲ 209% vs 2024). filed late Source: NBB ↗
2023 Martine Verlinde became a director. NBB
2023 Koen Thenaers became a director. NBB
2023 Paul Willems became a director. NBB
Jan 1, 1977 New establishment in Oostende. KBO

In short

From € 101,089 profit in 2022 to € 64,015 profit in 2025.

Paid € 118,804 in corporate taxes since 2022.

Best year ever: 2022, with € 101,089 profit.

On average € 109,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

PLUS-VALUES 100%

The stake of PLUS-VALUES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

WERCO

The shares are held by PLUS-VALUES (100%).

Directors

According to the 2025 annual accounts

Martine Verlinde

Director

since 2023 · until 2028

Koen Thenaers

Managing director

since 2023 · until 2028

Paul Willems

Managing director

since 2023 · until 2028

Shareholders

PLUS-VALUES

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Hospitaalstraat 5

8400 Oostende

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS wercowines.com

Canonical: https://www.wercowines.com/

Technologies

Adobe FontsDrupalFont AwesomeGoogle Tag ManagerNginxPHPSlickVimeojsDelivr

Hosting & Email

Email provider

Microsoft 365

Hosting

DSTNY-BACKBONE International Backbone, BE

Domain

wercowines.com

Registered

2000-12-21

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-12-21

Website info

HTTPS Ja

Languages NL

Features

Webshop Newsletter Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Details

Company number

0416.608.664

VAT number

BE 0416.608.664

Registered office

Hospitaalstraat 5, 8400 Oostende

Names & denominations

WERCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

20 December 1976

Peppol

Active · Active since 3 Jan 2026

Contact

wercowines.com

Activities · NACE

Groothandel in dranken, algemeen assortiment

Groothandel in dranken

Groothandel in wijnen en geestrijke dranken

Detailhandel in alcoholische en andere dranken

Detailhandel in wijnen en geestrijke dranken

View on CBE Public ↗ Annual accounts (NBB) ↗

WERCO

Warning lights

Financials

What happened to WERCO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions