IMMO-WILLEMS
ActiveSummary
IMMO-WILLEMS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62k and a net result of €4k. Equity is shrinking by ~14.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 9% of 1077 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▲+29
Solvency27=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.11 in 2023; short-term debt: 27% and cash: 0.8% of total assets), and 98.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 81
Relative position
BE, all sectors
reference
Sector 81
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1077 sector peers (2024).
NBB · sector comparisonPosition among 1077 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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
not confirmed
2024
89 d late
2023
58 d late
2022
42 d late
2021
4 d early
2020
58 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€62k▲ 6.7%
2023 · €58k
2018: €239k
2019: €239k
2020: €238k
2021: €240k
2022: €162k
2023: €58k
2018 → 2024
Total assets
€3.32M▲ 8.7%
2023 · €3.05M
2018: €2.37M
2019: €2.19M
2020: €2.12M
2021: €2.03M
2022: €2.95M
2023: €3.05M
2018 → 2024
Net result
€4k
2023 · €-104k
2018: €3
2019: €12
2020: €-957
2021: €2k
2022: €-78k
2023: €-104k
2018 → 2024
Working capital
€-746k▼ 47.2%
2023 · €-507k
2018: €174k
2019: €54k
2020: €53k
2021: €45k
2022: €-143k
2023: €-507k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€238k-€240k▲ 1.0%€162k▼ 32.6%€58k▼ 64.3%€62k▲ 6.7%
Operating result€25k-€21k▼ 15.3%€-46k€-66k▼ 44.6%€43k
Net result€-957-€2k€-78k€-104k▼ 33.0%€4k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €43k after a loss of €66k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.32M
Fixed assets
€3.17M ▲ 6.0%
Current assets
€149k ▲ 130%
Equity and liabilities €3.32M
Equity
€62k ▲ 6.7%
Debt
€3.26M ▲ 8.7%
Debt's share of the balance-sheet total stays at 98.1%.
Key figures and ratios
EBITDA
€220k▲
2023 · €101k
Cash flow
€181k▲
2023 · €63k
Current ratio
0.17▲
2023 · 0.11
Debt to equity
52.79▲
2023 · 51.83
ROE
6.3%▲
2023 · -180.5%
ROA
0.1%▲
2023 · -3.4%
Interest coverage
5.72▲
2023 · 2.86
Debt ≤ 1 year
€896k▲
2023 · €572k
Debt > 1 year
€2.33M▼
2023 · €2.39M
Income taxes
€917▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.05M€3.32M▲
Fixed assets21/28€2.99M€3.17M▲
Tangible fixed assets22/27€1.98M€2.16M▲
Land and buildings22€1.66M€1.55M▼
Plant, machinery and equipment23€26k€16k▼
Furniture and vehicles24€551€60k▲
Other tangible fixed assets26€293k€531k▲
Financial fixed assets28€1.01M€1.01M=
Current assets29/58€65k€149k▲
Amounts receivable within one year40/41€42k€113k▲
Trade receivables40€35k€83k▲
Other amounts receivable41€7k€30k▲
Cash at bank and in hand54/58€17k€26k▲
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€3.05M€3.32M▲
Equity10/15€58k€62k▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€97k€97k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€28k€28k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€-104k€-100k▲
Amounts payable17/49€2.99M€3.26M▲
Amounts payable after more than one year17€2.39M€2.33M▼
Financial debts170/4€2.39M€2.33M▼
Amounts payable within one year42/48€572k€896k▲
Current portion of amounts payable after more than one year42€199k€221k▲
Trade debts44€55k€124k▲
Suppliers440/4€55k€124k▲
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Other amounts payable47/48€309k€543k▲
Accrued charges and deferred income492/3€35k€28k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€177k▲
Other operating charges640/8€29k€19k▼
Gross operating margin9900€130k€239k▲
Operating profit (loss)9901€-66k€43k▲
Financial income75/76B€21€490▲
Recurring financial income75€21€490▲
Financial charges65/66B€35k€38k▲
Recurring financial charges65€35k€38k▲
Profit (loss) for the period before taxes9903€-101k€5k▲
Income taxes67/77€3k€917▼
Profit (loss) for the period9904€-104k€4k▲
Profit (loss) for the period to be appropriated9905€-104k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-104k€-100k▲
Profit (loss) brought forward from the previous period14P-€-104k
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 89 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 44 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Lievegem · 1 establishment unit since 1993
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.
Zomerlaan 19930 LievegemGround area
688 m²
Building footprint
461 m²
Volume, LiDAR
3,016 m³
Parcel 44080D0988/00N000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO WILLEMS NV
since 19932.063.392.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080D0988/00N000 | Flanders | 688 m² | 1 · 461 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 166 EUR awarded · 166 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 166 EUR | 166 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,280 companies in sector 81100 we hold annual accounts for 677. 400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.