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.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 127.5 to 95.7.
-
Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
we+ from Hasselt, company number BE0476495177, closed financial year 2025 with a result of € -2.5 million after tax. For that financial year we+ recorded revenue of € 17.6 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € -3.8 million to € -2.5 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.4 million
▲ € 6.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.5 million
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.7 million.
People and assets in 2025
95.7
▼ 17.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.1 million
▼ 7% vs 2024
€ 95,500 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.
€ 150,626
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 957,522
▼ 18% vs 2024
€ 358,741 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.4 million
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 1.2 million
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 22,304,666 | € 19,742,154 | € 17,609,343 | ▼ 11% |
| Gross margin | € 2,687,171 | - | - | - | |
| Profit after taxes | € 518,677 | € -932,894 | € -3,790,661 | € -2,489,256 | ▲ € 1.3 million |
| Equity | € 585,848 | € -333,374 | € -4,137,707 | € 2,382,569 | ▲ € 6.5 million |
| Total debts | € 3,132,597 | € 17,962,045 | € 13,891,308 | € 8,383,533 | ▼ 40% |
| Cash | € 662,724 | € 572,107 | € 8,459 | - | |
| Retained profit | € 65,362 | € -408,546 | € -4,199,207 | € -6,688,463 | ▼ € 2.5 million |
| Dividend | € 1,058,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,543,481 | € 1,282,580 | € 1,161,691 | € 957,522 | ▼ 18% |
| Balance sheet total | € 3,718,445 | € 17,628,672 | € 9,884,977 | € 10,766,102 | ▲ 9% |
| Employees (FTE) | 25.5 | 127.5 | 113.2 | 95.7 | ▼ 17.5 |
Key figures of we+, 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 we+?
What happened at we+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- David RAMAKERS stepped down as director. NBB
- Jean-Marie THUAL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.5 million. Source: NBB ↗
- David RAMAKERS became a director. NBB
- Jean-Marie THUAL became a director. NBB
- New establishment in Hasselt. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 518,677 profit in 2022 to € 2.5 million loss in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 518,677 profit.
On average € 105,400 of value added per employee in 2022.
Management
The shares are held by Alan Allman Associates (100%).
Directors
According to the 2025 annual accounts
David RAMAKERS
Director
Also active at: ALAN ALLMAN ASSOCIATES BELGIUM, PRIVATUM, DYNAFIN MANAGEMENT, DIGITALUM, DYNAFIN CONSULTING, DRA CONSULTING, SIRUS, SATISCO BELGIUM
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herkenrodesingel 101
3500 Hasselt
Ieperlaan 41
1000 Brussel
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Participo Limburg
€ 105,036 gross margin · 2025
Groeiend Limburg zuid
€ 102,100 gross margin · 2025
Groeiend Limburg centrum
€ 34,164 revenue · 2024
Groeiend Limburg noord
€ -48,801 gross margin · 2025
BEGEVEL Hasselt
€ 173,763 revenue · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0476.495.177
- VAT number
- BE 0476.495.177
- Registered office
- Herkenrodesingel 101, 3500 Hasselt
- Names & denominations
- we+
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 2002
- Peppol
- Active · Active since 23 Jul 2026
- Contact
- we-plus.be
- Activities · NACE
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