Financials
Financial year 2025
WELVECO from Blankenberge, company number BE0444170126, closed financial year 2025 with a result of € 306,279 after tax. For that financial year WELVECO recorded a gross margin of € 507,027 and equity of € 429,893. Compared with financial year 2024, the result moved from € 57,625 to € 306,279. 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 August 31, 2026.
€ 429,893
▲ 115% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 306,279
▲ € 248,654 vs 2024
Profit after tax over the fiscal year.
€ 456,010
▲ 251% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 76,792 paid out
25 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 29,408
▼ 50% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 56,273
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,818
▼ 61% vs 2024
Loans from banks and other lenders, long and short.
€ 6,253
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 60,102
▲ € 48,556 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 77,006 | € 148,675 | € 175,055 | € 507,027 | ▲ 190% |
| Profit after taxes | € 4,928 | € 46,347 | € 57,625 | € 306,279 | ▲ € 248,654 |
| Equity | € 124,389 | € 142,781 | € 200,406 | € 429,893 | ▲ 115% |
| Total debts | € 69,714 | € 88,503 | € 46,822 | € 119,988 | ▲ 156% |
| Cash | € 11,128 | € 69,092 | € 130,031 | € 456,010 | ▲ 251% |
| Land & buildings | € 39,550 | € 33,132 | € 24,410 | € 25,064 | ▲ 3% |
| Retained profit | € 120,389 | € 138,781 | € 196,406 | € 425,893 | ▲ 117% |
| Dividend | € 13,210 | € 27,955 | € 0 | € 76,792 | |
| Bank debt | € 42,830 | € 37,676 | € 22,436 | € 8,818 | ▼ 61% |
| Balance sheet total | € 194,102 | € 231,284 | € 247,228 | € 549,882 | ▲ 122% |
Key figures of WELVECO, 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 WELVECO?
What happened at WELVECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 306,279 (▲ € 248,654 vs 2024). filed late Source: NBB ↗
- New establishment in Blankenberge. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,928 profit in 2022 to € 306,279 profit in 2025.
Paid € 192,604 in corporate taxes since 2022.
Best year ever: 2025, with € 306,279 profit.
Paid out € 117,957 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Schaapstraat 57
8370 Blankenberge
Kerkstraat 341
8370 Blankenberge
Active since 10 July 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.170.126
- VAT number
- BE 0444.170.126
- Registered office
- Schaapstraat 57, 8370 Blankenberge
- Names & denominations
- WELVECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 1991
- Peppol
- Active · Active since 21 Oct 2026