Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2023; threshold 65 %.
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Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
WELL from Estaimpuis, company number BE0433737082, closed financial year 2023 with a result of € -2 million after tax. For that financial year WELL recorded a gross margin of € 144,533 and equity of € -6.5 million. Compared with financial year 2022, the result moved from € -2.1 million to € -2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 13, 2024.
€ -6.5 million
▼ € 2 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▲ 3 % less loss than in 2022
Profit after tax over the fiscal year.
€ 57,761
▼ 57% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.7 million.
People and assets in 2023
27.7
▲ 2.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 8% vs 2022
€ 42,200 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.
€ 27,833
▼ 62% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 4 million
▲ 20% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 244,503
▲ 24% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -6,736 | € -435,728 | € 144,533 | ▲ € 580,261 |
| Profit after taxes | € -1,588,343 | € -2,055,208 | € -1,990,765 | ▲ € 64,443 |
| Equity | € -2,417,468 | € -4,472,675 | € -6,463,440 | ▼ € 2 million |
| Total debts | € 7,383,998 | € 9,679,265 | € 10,728,698 | ▲ 11% |
| Cash | € 181,332 | € 135,876 | € 57,761 | ▼ 57% |
| Retained profit | € -2,667,468 | € -4,722,675 | € -6,713,440 | ▼ € 2 million |
| Balance sheet total | € 4,966,530 | € 5,206,589 | € 4,265,257 | ▼ 18% |
| Employees (FTE) | 28.9 | 25.6 | 27.7 | ▲ 2.1 |
Key figures of WELL, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to WELL?
What happened at WELL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
WELL is active according to the CBE. Legal situation: Opening faillissement.
- Christophe RANCHOUP stepped down as director. NBB
- Cédric DRUGMANNE stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 2 million. Source: NBB ↗
- New establishment in Waterloo. KBO
- New establishment in Arlon. KBO
- New establishment in Tournai. KBO
- Christophe RANCHOUP became a director. NBB
- Cédric DRUGMANNE became a director. NBB
In short
From € 1.6 million loss in 2021 to € 2 million loss in 2023.
Paid € 512 in corporate taxes since 2021.
On average € 5,200 of value added per employee in 2023.
Management
Directors
According to the 2023 annual accounts
Christophe RANCHOUP
Managing director
since 2021 · until 2026
Cédric DRUGMANNE
Managing director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Porte des Bâtisseurs(EST) 20
7730 Estaimpuis
Rue Tahon 47
6041 Charleroi
Active since 14 April 1988
Chaussée de Tongres 269
4000 Liège
Active since 11 July 1988
Rue de la Franco-Belge(L.L) 220
7100 La Louvière
Active since 5 July 1988
Boulevard de l'Europe 131
1300 Wavre
Active since 4 September 2020
Rue des Bancroix 23
6041 Charleroi
Active since 4 July 2020
Rue de la Taverne de Maire(FRY) 9
7503 Tournai
Active since 12 June 2021
Stockem, rue de l'Hydrion 83
6700 Arlon
Active since 12 November 2021
Drève Richelle 18
1410 Waterloo
Active since 27 October 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →MEDITEXTILE
La Redoute Catalogue Benelux
€ 48.3 million revenue · 2025
STB IMMO
€ 38,852 gross margin · 2025
PROMOD BELGIQUE
€ 4.5 million revenue · 2026
EAUTEX BELGIUM
€ 336,261 gross margin · 2025
+21 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.737.082
- VAT number
- BE 0433.737.082
- Registered office
- Porte des Bâtisseurs(EST) 20, 7730 Estaimpuis
- Names & denominations
- WELL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 15 March 1988
- Peppol
- Not registered
- Activities · NACE
Groothandel in reinigingsmiddelen
Groothandel in behang en onderhoudsproducten
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2