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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WETZLARBAD from Eupen, company number BE0695648960, closed financial year 2025 with a result of € -54,770 after tax. For that financial year WETZLARBAD recorded a gross margin of € 1.7 million and equity of € -155,374. Compared with financial year 2024, the result moved from € 265,162 to € -54,770. 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 September 9, 2026.
€ -155,374
▼ € 54,771 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,770
▼ still € 265,162 profit in 2024
Profit after tax over the fiscal year.
€ 56,683
▲ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -255,374.
People and assets in 2025
19.5
▲ 7.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 939,019
▲ € 855,293 vs 2024
€ 48,200 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.
€ 36,125
▲ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 325,000
▼ 7% vs 2024
€ 25,000 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 996,393
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 202,315
▲ 271% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 128,586 | € 749,890 | € 7,492,794 | € 1,699,059 | ▼ 77% |
| Profit after taxes | € -260,929 | € -63,663 | € 265,162 | € -54,770 | ▼ € 319,932 |
| Equity | € -302,102 | € -365,765 | € -100,604 | € -155,374 | ▼ € 54,771 |
| Total debts | € 10,303,886 | € 10,552,778 | € 10,492,374 | € 9,882,140 | ▼ 6% |
| Cash | € 83,387 | € 39,240 | € 32,394 | € 56,683 | ▲ 75% |
| Land & buildings | € 9,371,711 | € 9,371,711 | € 9,371,711 | € 8,866,373 | ▼ 5% |
| Retained profit | € -402,102 | € -465,765 | € -200,604 | € -255,374 | ▼ € 54,771 |
| Bank debt | € 400,000 | € 375,000 | € 350,000 | € 325,000 | ▼ 7% |
| Balance sheet total | € 10,001,784 | € 10,187,012 | € 10,391,770 | € 9,726,765 | ▼ 6% |
| Employees (FTE) | 13.2 | 13.1 | 11.6 | 19.5 | ▲ 7.9 |
Key figures of WETZLARBAD, 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 WETZLARBAD?
What happened at WETZLARBAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan De Wit stepped down as director. NBB
- Sam Keytsman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 54,771 (▼ € 319,932 vs 2024). filed late Source: NBB ↗
- Jan De Wit became a director. NBB
- Sam Keytsman became a director. NBB
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
In short
From € 260,929 loss in 2022 to € 54,771 loss in 2025.
Paid € 37,643 in corporate taxes since 2022.
Best year ever: 2024, with € 265,162 profit.
On average € 87,100 of value added per employee in 2025.
Management
The shares are held by Innopa NV (100%) and Artabel Engineering BVBA (0%).
Directors
According to the 2025 annual accounts
Jan De Wit
Director
Owns 65% via Innopa NV
Also active at: INNOPA, MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP ARTABEL, TRIMAX-YACHTS, ARTABEL Engineering, SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Kortrijk-Zwevegem, S&R Sint-Truiden +6 more
since 2024 · until 2030
Shareholders
Innopa NV · holding of Jan De Wit
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hütte 56
4700 Eupen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0695.648.960
- VAT number
- BE 0695.648.960
- Registered office
- Hütte 56, 4700 Eupen
- Names & denominations
- WETZLARBAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2018
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
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