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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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Well One from Sint-Martens-Latem, company number BE0739788217, closed financial year 2025 with a result of € 652,283 after tax. For that financial year Well One recorded a gross margin of € -380,481 and equity of € 42 million. Compared with financial year 2024, the result moved from € 599,114 to € 652,283. 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 June 30, 2026.
€ 42 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 652,283
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 16
▼ € 195,188 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.2 million.
Debts at end 2025
€ 3 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 76,641
▲ € 68,766 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,000
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -574,120 | € -689,434 | € -345,158 | € -380,481 | ▼ € 35,323 |
| Profit after taxes | € -272,401 | € -3,103 | € 599,114 | € 652,283 | ▲ 9% |
| Equity | € 23,281,018 | € 31,080,415 | € 35,679,528 | € 42,001,811 | ▲ 18% |
| Total debts | € 3,063,214 | € 845,137 | € 3,057,118 | € 3,122,666 | ▲ 2% |
| Cash | € 1,170,424 | € 958,017 | € 195,204 | € 16 | ▼ € 195,188 |
| Retained profit | € -2,403,982 | € -2,407,085 | € -1,807,972 | € -1,155,689 | ▲ € 652,283 |
| Bank debt | € 3,000,000 | € 0 | € 3,000,000 | € 3,035,649 | ▲ 1% |
| Balance sheet total | € 26,344,232 | € 31,925,552 | € 38,736,646 | € 45,124,477 | ▲ 16% |
Key figures of Well One, 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 Well One?
What happened at Well One in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Baltisse Real Estate NV stepped down as director. NBB
- Dirom CommV stepped down as director. NBB
- Simon Balcaen stepped down as director. NBB
- Demro CommV stepped down as director. NBB
- Piet Vervinckt stepped down as director. NBB
- Peruna NV stepped down as director. NBB
- Assets Invest BV stepped down as director. NBB
- Wovak BV stepped down as director. NBB
In short
From € 272,401 loss in 2022 to € 652,283 profit in 2025.
Best year ever: 2025, with € 652,283 profit.
A new publication or filing at Well One? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Baltisse Real Estate, BMVH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Well OneThe shares are held by Baltisse Real Estate (26.4%) and BMVH (1.8%). It owns 100% of Ceramica Development S.R.L., 100% of Bricks Development S.R.L., 30% of Calypso Properties S.R.L., 25% of Maroon Invest S.R.L. and 14.9% of Highline Development S.R.L. itself.
Directors
According to the 2025 annual accounts
Director · represented by Jan Clarebout
Also active at: DEWULF, IMMO DOUVE, CLAREBOUT POTATOES, FLANDERS FIELD BUSINESS PARK, BOEVERIE, CANAR DEVELOPMENT, Dewulf Invest, ACCENT OFFICES +1 more
since 2019 · until 2025
Director · represented by Marc Janssens
Also active at: BOEVERIE, XIOR Namen, VICTORIA REGINA, Victoria Regina Holding, K302, ARDENO, PELICAN, Victoria Hotel Opco +11 more
since 2025 · until 2031
since 2025 · until 2031
Géraldine Billiet
Director
since 2022 · until 2028
Simon Balcaen
Director
Also active at: VICTORIA REGINA, Victoria Regina Holding, Victoria Hotel Opco, Victoria Co-working Opco, SPEEDWELL, COSY, Baltisse Real Estate, BALTISSE
since 2025 · until 2031
since 2019 · until 2025
since 2025 · until 2031
Piet Vervinckt
Director
since 2025 · until 2031
Director · represented by Jan Clarebout
Also active at: DEWULF, IMMO DOUVE, FLANDERS FIELD BUSINESS PARK, BOEVERIE, CANAR DEVELOPMENT, Dewulf Invest, ACCENT OFFICES, DEFINCO +1 more
since 2025 · until 2031
Director · represented by Alex De Witte
Also active at: ARGIBEL, BUILDING, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA, BLUE LINE STORAGE +20 more
since 2025 · until 2031
Director · represented by Dirk Vanderschrick
Also active at: Socorim, CURALIA BROKERS, Whitewood AIFM
since 2025 · until 2031
since 2019 · until 2025
since 2025 · until 2031
Shareholders
26.4%
1.8%
Participations
Ceramica Development S.R.L.
100%
Bricks Development S.R.L.
100%
Calypso Properties S.R.L.
30%
Maroon Invest S.R.L.
25%
Highline Development S.R.L.
14.9%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 48 box 5
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
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€ -1,875 gross margin · 2022
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€ 14.4 million revenue · 2025
+82 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
- 0739.788.217
- VAT number
- BE 0739.788.217
- Registered office
- Kortrijksesteenweg 48 bus 5, 9830 Sint-Martens-Latem
- Names & denominations
- Well One
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2019
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
Activiteiten van geldmarkt- en niet-geldmarktbeleggingsfondsen
Beleggingstrusts en -fondsen en vergelijkbare financiële instellingen