OPENING OF BANKRUPTCY

WELL

Export PDF

Financial year 2023 · closed on 31/12/2023

Net result

-2 M €

+3.1% YoY

Gross margin

144,5 k €

+133.2% YoY

Equity

-6,5 M €

-44.5% YoY

Workforce

27,7 ETP

+8.2% YoY

Company — Opening of bankruptcy.

What does WELL do?

WELL is a Public limited company incorporated in 1988. Its main activity is: Wholesale of china and glassware and cleaning materials. Its registered office is in Estaimpuis. It employs on average 27,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0433.737.082

Incorporation

15/03/1988

Legal form

Public limited company

Registered office

Porte des Bâtisseurs(EST) 20
7730 Estaimpuis · WallonieSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2023

Average workforce

27,7 ETP

Activities (NACE)

46442Wholesale of china and glassware and cleaning materials· main 46442Wholesale of china and glassware and cleaning materials 51442Air transport 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation

Joint committees (1)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	144,5 k €	+133%	-435,7 k €	-6369%	-6,7 k €	+78.3%	-31,1 k €	-109%	362,2 k €	+15.9%	312,5 k €	+9.8%	284,6 k €	-35.6%	442,2 k €	-8.6%	483,8 k €	-22.4%	623,8 k €	+34.1%	465 k €	-18.2%	568,3 k €	-34.1%	862,3 k €	-12.7%	987,2 k €	+21.7%	811,5 k €	+37.4%	590,5 k €
EBITDA	-1,3 M €	+22.0%	-1,6 M €	-27.4%	-1,3 M €	-31.3%	-969,4 k €	-210%	-312,9 k €	-62.0%	-193,1 k €	-278%	108,7 k €	-63.2%	295,2 k €	-1.4%	299,5 k €	-25.3%	401,1 k €	+73.9%	230,6 k €	-39.4%	380,4 k €	-48.3%	735,4 k €	-13.5%	850,4 k €	+29.8%	655,2 k €	+38.9%	471,8 k €
Operating result	-1,6 M €	+18.9%	-2 M €	-30.3%	-1,5 M €	-32.9%	-1,2 M €	-180%	-413 k €	-30.7%	-315,9 k €	-1955%	-15,4 k €	-107%	225,4 k €	-12.4%	257,5 k €	-28.0%	357,6 k €	+124%	159,8 k €	-46.5%	298,8 k €	-47.3%	566,6 k €	-22.8%	733,6 k €	+32.7%	553 k €	+66.1%	332,9 k €
Net result	-2 M €	+3.1%	-2,1 M €	-29.4%	-1,6 M €	-33.2%	-1,2 M €	-176%	-431,8 k €	-32.3%	-326,4 k €	-220%	271,1 k €	+62.0%	167,4 k €	-14.4%	195,6 k €	-26.1%	264,7 k €	+95.2%	135,6 k €	-40.4%	227,6 k €	-43.5%	403,1 k €	-23.2%	525 k €	+26.4%	415,4 k €	+74.2%	238,4 k €
Balance sheet
Equity	-6,5 M €	-44.5%	-4,5 M €	-85.0%	-2,4 M €	-192%	-829,1 k €	-328%	362,9 k €	-54.3%	794,7 k €	-29.1%	1,1 M €	+31.9%	850 k €	-12.6%	972,6 k €	-8.8%	1,1 M €	-7.4%	1,2 M €	-15.7%	1,4 M €	-11.2%	1,5 M €	+35.5%	1,1 M €	-29.5%	1,6 M €	+34.7%	1,2 M €
Total assets	4,3 M €	-18.1%	5,2 M €	+4.8%	5 M €	+39.8%	3,6 M €	+110%	1,7 M €	-16.7%	2 M €	-8.2%	2,2 M €	+4.4%	2,1 M €	+18.3%	1,8 M €	+12.8%	1,6 M €	-6.3%	1,7 M €	-6.4%	1,8 M €	+14.1%	1,6 M €	-30.2%	2,3 M €	+24.3%	1,8 M €	+8.0%	1,7 M €
Cash	57,8 k €	-57.5%	135,9 k €	-25.1%	181,3 k €	-26.4%	246,5 k €	+1938%	12,1 k €	-83.6%	73,9 k €	+19.0%	62,1 k €	+155%	24,3 k €	-62.7%	65,1 k €		–		35,2 k €	-88.8%	315,1 k €	+19.3%	264,1 k €	-70.1%	882 k €	+354%	194,4 k €		–
Debts	10,7 M €	+11.0%	9,7 M €	+31.0%	7,4 M €	+68.1%	4,4 M €	+229%	1,3 M €	+7.5%	1,2 M €	+13.1%	1,1 M €	-14.0%	1,3 M €	+54.8%	821,4 k €	+57.0%	523,1 k €	-3.9%	544,1 k €	+22.0%	446,1 k €	+809%	49,1 k €	-95.7%	1,1 M €	+437%	212,5 k €	-56.6%	489,2 k €
Other
Workforce	27,7 ETP	+8.2%	25,6 ETP	-11.4%	28,9 ETP	+1.8%	28,4 ETP	+39.9%	20,3 ETP	+48.2%	13,7 ETP	+198%	4,6 ETP	+31.4%	3,5 ETP	-10.3%	3,9 ETP	-29.1%	5,5 ETP	-26.7%	7,5 ETP	+59.6%	4,7 ETP	+6.8%	4,4 ETP	+4.8%	4,2 ETP	-8.7%	4,6 ETP	+15.0%	4,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 35 ended

Active mandates

Cédric DRUGMANNE

Managing director · since 05 février 2021 · until 08 juin 2026

Active

Christophe RANCHOUP

Managing director · since 05 février 2021 · until 08 juin 2026

Active

Ended mandates

Aurélien Coeuriot

Managing director · since 05 février 2021 · until 08 juin 2026

Ended

Denis HERVE

Director · since 11 juin 2018 · until 31 décembre 2021

Ended

Denis HERVE

Director · since 11 juin 2018 · until 10 juin 2024

Ended

Bernard BEAUDOING

Managing director · since 01 janvier 2018 · until 31 décembre 2018

Ended

At this address

Other companies at this address

Company	CBE no.
4 PLACE DE L'HOTEL DE VILLE● Active	0521.982.635
ANGERS ALSACE● Active	0543.317.883
B.D.V.● Active	0462.984.067
Belgium info Services● Active	0456.307.992
BENAGRO● Active	0453.308.021
BS PACKAGING Belgium● Active	0878.614.419
CELI-MO● Active	0827.873.323
D AORA● Active	0500.875.336
EAUTEX BELGIUM● Active	0430.888.846
EURO SERVICES QUALITE● Active	0878.853.256
F.C.P. Patrimoine● Active	0897.007.795
FINASTIBO● Active	0435.586.022
HAKUNA MATATA● Active	0888.860.290
La Redoute Catalogue Benelux● Active	0404.047.956
MEDITEXTILE● Liquidation	0401.242.973
PROMOD BELGIQUE● Active	0428.185.021
ROUEN GROS HORLOGE● Active	0839.811.845
SOCIETE DU VERSEAU● Active	0665.836.803
STB COPTER● Active	0898.347.781
STB IMMO● Active	0417.885.403

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/06/2024	06/07/2023	10/05/2022	20/07/2021	25/06/2020	05/08/2019
General meeting	10/06/2024	12/06/2023	07/04/2022	08/03/2021	08/06/2020	11/06/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	10/06/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	07/04/2022	10/05/2022	French	PDF
Abridged model	31/12/2020	08/03/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	08/06/2020	25/06/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	05/08/2019	French	PDF
Abridged model	31/12/2017	11/06/2018	20/07/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	09/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	21/02/2011	04/04/2011	French	PDF
Abridged model	31/12/2009	14/06/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	08/06/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	18/06/2008	French	PDF
Abridged model	31/12/2006	11/06/2007	02/07/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 35 ended

Active mandates

Cédric DRUGMANNE

Managing director · since 05 février 2021 · until 08 juin 2026

Active

Christophe RANCHOUP

Managing director · since 05 février 2021 · until 08 juin 2026

Active

Ended mandates

Aurélien Coeuriot

Managing director · since 05 février 2021 · until 08 juin 2026

Ended

Denis HERVE

Director · since 11 juin 2018 · until 31 décembre 2021

Ended

Denis HERVE

Director · since 11 juin 2018 · until 10 juin 2024

Ended

Bernard BEAUDOING

Managing director · since 01 janvier 2018 · until 31 décembre 2018

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office09/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
PDF
Mandates06/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023-2 M €↑
2022
Annual accounts 2022-2,1 M €↓
2021
Annual accounts 2021-1,6 M €↓
2020
Annual accounts 2020-1,2 M €↓
2019
Annual accounts 2019-431,8 k €↓
2018
Annual accounts 2018-326,4 k €↓
2017
Annual accounts 2017271,1 k €↑
2016
Annual accounts 2016167,4 k €↓
2015
Annual accounts 2015195,6 k €↓
2014
Annual accounts 2014264,7 k €↑
2013
Annual accounts 2013135,6 k €↓
2012
Annual accounts 2012227,6 k €↓
2011
Annual accounts 2011403,1 k €↓
2010
Annual accounts 2010525 k €↑
2009
Annual accounts 2009415,4 k €↑
2008
Annual accounts 2008238,4 k €
15/03/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WELL

Overview

What does WELL do?

Trend over 16 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline