GROEP WILLAERT
ActiveGROEP WILLAERT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.78M and a net result of €80k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 8.65 against 5.09 in 2024; short-term debt: 4.5% and cash: 21.2% of total assets), and 20.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.7%
Return on assets
3.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
5 d late
2023
on the day
2022
on the day
2021
14 d late
2019
76 d late
2018
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.78M▲ 4.7%
2024 · €1.70M
2018: €877k
2019: €1.08M
2021: €1.45M
2022: €1.54M
2023: €1.61M
2024: €1.70M
2018 → 2025
Total assets
€2.24M▲ 0.1%
2024 · €2.23M
2018: €2.11M
2019: €2.43M
2021: €2.07M
2022: €2.04M
2023: €2.22M
2024: €2.23M
2018 → 2025
Net result
€80k▼ 12.0%
2024 · €91k
2018: €173k
2019: €200k
2021: €376k
2022: €83k
2023: €73k
2024: €91k
2018 → 2025
Working capital
€766k▲ 46.2%
2024 · €524k
2018: €542k
2019: €732k
2021: €497k
2022: €414k
2023: €462k
2024: €524k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.45M-€1.54M▲ 5.7%€1.61M▲ 4.8%€1.70M▲ 5.7%€1.78M▲ 4.7%
Operating result€525k-€114k▼ 78.2%€98k▼ 14.3%€140k▲ 42.6%€125k▼ 10.4%
Net result€376k-€83k▼ 77.8%€73k▼ 12.1%€91k▲ 24.5%€80k▼ 12.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.24M
Fixed assets
€1.37M▼ 13.4%
Current assets
€866k▲ 32.8%
Equity and liabilities €2.24M
Equity
€1.78M▲ 4.7%
Provisions
€45k▼ 4.9%
Debt
€409k▼ 15.8%
The debt ratio falls from 21.8% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▼
2024 · €169k
Cash flow
€108k▼
2024 · €120k
Solvency
79.7%▲
2024 · 76.1%
Current ratio
8.65▲
2024 · 5.09
Quick ratio
8.65▲
2024 · 5.09
Debt / equity
0.23▼
2024 · 0.29
ROE
4.5%▼
2024 · 5.4%
ROA
3.6%▼
2024 · 4.1%
Interest coverage
10.82▼
2024 · 12.56
Debt
€409k▼
2024 · €486k
Debt ≤ 1 year
€100k▼
2024 · €128k
Debt > 1 year
€309k▼
2024 · €358k
Income taxes
€28k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.23M€2.24M▲
Fixed assets21/28€1.58M€1.37M▼
Tangible fixed assets22/27€609k€585k▼
Land and buildings22€587k€563k▼
Furniture and vehicles24€21k€22k▲
Financial fixed assets28€974k€785k▼
Current assets29/58€652k€866k▲
Amounts receivable within one year40/41€604k€391k▼
Trade receivables40€39k€27k▼
Other amounts receivable41€565k€364k▼
Cash at bank and in hand54/58€45k€474k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.23M€2.24M▲
Equity10/15€1.70M€1.78M▲
Contributions10/11€19k€19k=
Reserves13€1.68M€1.76M▲
Tax-exempt reserves132€123k€117k▼
Distributable reserves133€1.56M€1.65M▲
Provisions and deferred taxes16€47k€45k▼
Deferred taxes168€47k€45k▼
Amounts payable17/49€486k€409k▼
Amounts payable after more than one year17€358k€309k▼
Financial debts170/4€358k€309k▼
Amounts payable within one year42/48€128k€100k▼
Current portion of amounts payable after more than one year42€58k€49k▼
Trade debts44€15k€17k▲
Suppliers440/4€15k€17k▲
Taxes, remuneration and social security45€44k€28k▼
Taxes450/3€44k€28k▼
Other amounts payable47/48€12k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€98k€90k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€173k€157k▼
Operating profit (loss)9901€140k€125k▼
Financial income75/76B€6k€227▼
Recurring financial income75€6k€227▼
Financial charges65/66B€13k€19k▲
Recurring financial charges65€13k€14k▲
Non-recurring financial charges66B-€5k
Profit (loss) for the period before taxes9903€133k€106k▼
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€44k€28k▼
Profit (loss) for the period9904€91k€80k▼
Transfer from tax-exempt reserves789€6k€6k▼
Profit (loss) for the period to be appropriated9905€97k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€86k▼
Transfer to equity691/2€97k€86k▼
To other reserves6921€97k€86k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €73k ▼12.1%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
2021
30-06
Financial
Highest result since 2018net €376k ▲87.8%
Operating result €525k, net result €376k, both a record.
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
31-12
Financial
Equity above €1MEq €1.08M ▲22.8%
2 profitable years in a row build equity to €1.08M.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ten Briele 148200 BruggeGround area
4,803 m²
Building footprint
2,768 m²
Volume, LiDAR
18,952 m³
Parcel 31512B0238/00V000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RESTAURATIEATELIER RUBEN WILLAERT
since 20032.114.761.237
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0238/00V000 | Flanders | 4,803 m² | 1 · 2,768 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0696.788.315
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TREPALIA
BE 0462.754.237
Vorst · Eq €1.78M
V.D.A.-LASER
BE 0889.740.814
Diksmuide · Eq €1.77M
LiquidFloors
BE 0806.496.206
Zwevegem · Eq €1.77M
Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 2,229 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2002
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
90201Performing arts by independent artists
92311
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.