GODERIS WILLY
ActiveSummary
GODERIS WILLY has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,085 and a net result of -€5,551. Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 93% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-09-1989 Normal situation
- Activity
- Joinery installation NACE 43320
- Establishment unit
- 2.045.393.270 8630 Veurne, since 30-10-1989
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €19,526
- ▼ 22.6%
- Turnover
- ≈ €200,000
- estimated
- Loss
- €5,551
- ▲ 105%
- Equity
- €244,085
- ▼ 2.2%
- Total assets
- €271,486
- ▼ 18.5%
- 2025 accounts filed 11 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Last filed accounts filed 11 days late; 2 of the last 3 accounts latelowers riskFounded in 1989Equity €244,085 (89.9% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 54% on liquidity, 32% on profitability and 31% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394876.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 36 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €2,985, after a profit of €2,477 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €22,300 | €372 | €24,500 | €1,595 | €2,326 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €13,790 | €11,940 | €15,852 | €16,172 | €16,001 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,556 | €12,257 | €12,300 | €13,790 | €11,940 | €15,852 | €16,172 | €16,001 | ▼ 1.1% |
| Other operating charges640/8 | - | - | - | €6,893 | €5,824 | €5,930 | €6,588 | €6,509 | ▼ 1.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €69 | €0 | - | - |
| Gross operating margin9900 | €19,128 | €19,902 | €39,345 | €7,515 | €39,747 | €29,383 | €25,237 | €19,526 | ▼ 22.6% |
| Operating profit (loss)9901 | €1,113 | €2,062 | €22,375 | -€13,168 | €21,983 | €7,532 | €2,477 | -€2,985 | - |
| Financial income75/76B | - | - | - | €453 | €2,979 | €518 | €358 | €1 | ▼ 99.8% |
| Recurring financial income75 | €20 | €85 | €459 | €453 | €2,979 | €518 | €358 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €1,420 | €2,008 | €2,570 | €3,677 | €2,067 | ▼ 43.8% |
| Recurring financial charges65 | €1,202 | €1,270 | €1,234 | €1,420 | €2,008 | €2,570 | €3,677 | €2,067 | ▼ 43.8% |
| Profit (loss) for the period before taxes9903 | -€69 | €877 | €21,600 | -€14,135 | €22,954 | €5,480 | -€841 | -€5,051 | ▼ 500% |
| Income taxes67/77 | €3,586 | €2,114 | €9,826 | -€1,102 | €7,340 | €3,080 | €1,872 | €499 | ▼ 73.3% |
| Profit (loss) for the period9904 | -€3,654 | -€1,237 | €11,774 | -€13,033 | €15,613 | €2,400 | -€2,713 | -€5,551 | ▼ 105% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,000 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,654 | -€1,237 | €11,774 | -€9,033 | €15,613 | €2,400 | -€2,713 | -€5,551 | ▼ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €304,914 | €331,655 | €321,328 | €390,076 | €328,544 | €368,472 | €333,299 | €271,486 | ▼ 18.5% |
| Fixed assets21/28 | €214,884 | €203,332 | €192,790 | €201,300 | €189,732 | €198,311 | €183,734 | €170,060 | ▼ 7.4% |
| Tangible fixed assets22/27 | €214,634 | €203,082 | €192,540 | €201,050 | €189,482 | €198,061 | €183,484 | €169,810 | ▼ 7.5% |
| Land and buildings22 | - | - | - | €178,284 | €171,950 | €165,616 | €160,875 | €154,475 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €282 | €141 | €0 | - | €2,201 | - |
| Furniture and vehicles24 | - | - | - | €22,484 | €17,391 | €32,445 | €22,609 | €13,134 | ▼ 41.9% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €90,030 | €128,323 | €128,538 | €188,776 | €138,812 | €170,161 | €149,565 | €101,427 | ▼ 32.2% |
| Stocks and contracts in progress3 | €43,263 | €45,113 | €34,984 | €67,697 | €66,097 | €75,454 | €51,916 | €50,810 | ▼ 2.1% |
| Stocks30/36 | - | - | - | €56,260 | €66,097 | €53,704 | €51,916 | €50,810 | ▼ 2.1% |
| Contracts in progress37 | - | - | - | €11,437 | €0 | €21,750 | €0 | - | - |
| Amounts receivable within one year40/41 | €29,902 | €67,475 | €90,184 | €109,729 | €61,948 | €87,305 | €87,238 | €30,647 | ▼ 64.9% |
| Trade receivables40 | - | - | - | €82,267 | €36,783 | €78,260 | €83,191 | €22,016 | ▼ 73.5% |
| Other amounts receivable41 | - | - | - | €27,463 | €25,165 | €9,045 | €4,047 | €8,630 | ▲ 113% |
| Cash at bank and in hand54/58 | - | - | €1,714 | €9,442 | €5,621 | €2,728 | €6,031 | €15,447 | ▲ 156% |
| Deferred charges and accrued income490/1 | - | - | - | €1,907 | €5,146 | €4,674 | €4,380 | €4,523 | ▲ 3.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €304,914 | €331,655 | €321,328 | €390,076 | €328,544 | €368,472 | €333,299 | €271,486 | ▼ 18.5% |
| Equity10/15 | €246,631 | €243,793 | €255,568 | €242,535 | €249,948 | €252,349 | €249,635 | €244,085 | ▼ 2.2% |
| Contributions10/11 | €20,500 | €20,500 | - | €20,500 | €20,500 | €20,500 | €20,500 | €20,500 | = |
| Revaluation surpluses12 | - | - | - | €143,942 | €137,622 | €131,302 | €124,981 | €118,661 | ▼ 5.1% |
| Reserves13 | €63,228 | €66,711 | €84,805 | €78,093 | €91,826 | €100,547 | €104,154 | €104,924 | ▲ 0.7% |
| Non-distributable reserves130/1 | - | - | - | €2,050 | €2,050 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,050 | €2,050 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €142 | €142 | €142 | €142 | €142 | = |
| Distributable reserves133 | - | - | - | €75,901 | €89,635 | €100,405 | €104,012 | €104,782 | ▲ 0.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €58,284 | €87,862 | €65,760 | €147,541 | €78,596 | €116,124 | €83,664 | €27,402 | ▼ 67.2% |
| Amounts payable after more than one year17 | €7,037 | €4,562 | €1,993 | €16,664 | €12,210 | €7,688 | €3,098 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €16,664 | €12,210 | €7,688 | €3,098 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €51,247 | €83,299 | €63,767 | €130,877 | €66,386 | €107,997 | €79,231 | €26,459 | ▼ 66.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,381 | €4,454 | €9,522 | €4,590 | €3,098 | ▼ 32.5% |
| Financial debts43 | - | - | - | - | €17,330 | €12,330 | €23,030 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €17,330 | €12,330 | €23,030 | €0 | ▼ 100% |
| Trade debts44 | €36,831 | €74,814 | €51,372 | €98,388 | €34,295 | €75,522 | €41,519 | €12,737 | ▼ 69.3% |
| Suppliers440/4 | - | - | - | €98,388 | €34,295 | €75,522 | €41,519 | €12,737 | ▼ 69.3% |
| Taxes, remuneration and social security45 | - | - | - | €8,810 | €9,133 | €533 | €0 | €533 | - |
| Taxes450/3 | - | - | - | €8,810 | €7,833 | €533 | €0 | €533 | - |
| Remuneration and social security454/9 | - | - | - | - | €1,300 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €7,299 | €1,174 | €10,091 | €10,092 | €10,092 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €439 | €1,335 | €942 | ▼ 29.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,654 | -€1,237 | €11,774 | -€13,033 | €15,613 | €2,400 | -€2,713 | -€5,551 | ▼ 105% |
| + Depreciation and write-downs630 | €12,556 | €12,257 | €12,300 | €13,790 | €11,940 | €15,852 | €16,172 | €16,001 | ▼ 1.1% |
| Operating cash flow (approximation) | €8,902 | €11,020 | €24,074 | €757 | €27,553 | €18,252 | €13,458 | €10,450 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | -€705 | -€1,758 | -€22,300 | -€372 | -€24,431 | -€1,595 | -€2,326 | ▼ 45.8% |
| Change in cash | - | - | - | €7,728 | -€3,822 | -€2,893 | €3,303 | €9,416 | ▲ 185% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as GODERIS WILLY has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GODERIS WILLY itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for GODERIS WILLY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-08-2026 | 2026-00394876 | |
| 31-12-2024 | micro format | 04-09-2025 | 2025-00479365 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00422196 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00477941 | |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20460306 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62100304 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47300122 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-48200264 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-47300318 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-60100293 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 10-01-2024 Converted to unavailable equity
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursbevoegdheid, voormelde geldt voor bestuursdaden tot en met vijfduizend (5.000,00) euro”“Deze volmacht kan per brief of per email worden gegeven en dient door de volmacht dragende bestuurder te worden voorgelegd aan de…”
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Bestuursorgaan beslist zelfstandig over opvraging, gelijke behandeling”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 10-01-2024 (in Dutch)
Network & group
GODERIS WILLY shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GODERIS WILLY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-01
Gazette deed
Appointment: GODERIS Willy (statutory director)Purpose change · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 27-12-2023
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Registered office clause, “schrapping adres uit statuten, Vlaams Gewest” (deed in Dutch)
- Director appointment, GODERIS Willy (statutory director), mentioned 2 times in the deed
- Registered office clause, “8670 Koksijde, Roelsstraat 18A” (deed in Dutch)
- Power of attorney, GODERIS Willy
- Power of attorney, Eric dE Grave
- Power of attorney, Wim Vermote
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
17 activities
- Zagen, schaven en machinaal bewerken van hout
- Montage van buiten- en binnenschrijnwerk van hout, kunststof, aluminium of glas: deuren, vensters, kozijnen, trappen, leuningen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.
- Isolatiewerken
- Installatie van al dan niet verplaatsbare tussenwanden, bekleding van wanden, plafonds, enz. in hout of kunststof
- Installatie van garagepoorten, (rol)luiken, zonneblinden, traliewerk, hekken enz. in hout of kunststof
- Montage van serres, veranda's, carports, enz. in hout of kunststof
- Plaatsen van gipswanden/platen
- Plaatsen van brandwerende deuren
- Plaatsen van glas
- Plaatsen van vloerbedekking en wandbekleding van hout
- Gevelbekleding in hout
- Vervaardiging van meubelen in hout of kunststof
- Plaatsen van terrassen in hout of kunststof
- Houtskeletbouw
- Dakwerkzaamheden
- Aan- en verkoop van tuinhuizen, carports en tuinafsluitingen in hout
- Het optreden als tussenpersoon inzake handel, in de ruimste zin van het woord
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0438.368.239
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38024A0038/00N000 | Flanders | 2,668 m² | 1 · 601 m² | 5.7 m · 1 |
| 38502E0207/00G000 | Flanders | 1,071 m² | 1 · 142 m² | 7.0 m · 2 |