Equity
€1.2m ▲ 8.6%
KURT WILLEMS has made a profit in every financial year since 2007.
KURT WILLEMS
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €481,714 (2024)
€431,318▼ 10.5%
peak €211,937 (2021)
€202,877▲ 2.5%
peak €1.2m (2025)
€1.2m▲ 8.6%
€220,058▲ 54.2%
peak 3.5 FTE (2024)
3.4 FTE▼ 2.9%
Board1 name since 2019
1 directorWillems Kurt
Documentsfilings and deeds
29-04-20261 day before the deadline
2025abbreviated format
Dividend €111,898Debts from €142,665 to €220,058Cash from €334,052 to €1.1m
Key points
from the 2025 annual accountsTurnover
≈ €1.1m estimated
The abbreviated format states no turnover.
Staff
3 employees on 30-09-2025
In 2025, nobody joined and 1 person left.
Liquidity
6.21 was 8.34 in 2024
Short-term debts rose from €142,665 to €220,058.
Filings
24 annual accounts since 2002
Eight of the last ten came late. The 2016 accounts came latest: 29 days after the end of the period.
Position in the sector
84.0%
Higher solvency than 90% of companies in specialised construction. Sector median 44.0% · 9,974 companies.
Checked score
97
Excellent
Financially stronger than 77% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026highest value
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 6.21, cash €1.1m
Equity €1.2m (84.0% of total assets)
Founded in 2001
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, 93% on liquidity, 72% on profitability and 53% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as KURT WILLEMS has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KURT WILLEMS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 31,368 companies, not a prediction for KURT WILLEMS. 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.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.21 (8.34 in 2024), above the usual 1.5. Short-term debt is 16% and cash 77.1% of total assets. 16% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
22 days late
2023
9 days late
2022
5 days late
2021
29 days late
2020
28 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 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)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 10 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Capital decrease of €143,100 to €18,600
Capital after the decrease: €18,600 · Resignation: Willems Kurt (manager) · Reappointment: Willems Kurt (director) · Gazette deed
First establishment
Tielenbaan 72, Lille
Incorporation
published on 11-04-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KURT WILLEMS Lille | €1.4m | €431,318 | 84.0% | 3.4 |
| Hanocq Silly | €1.4m | €493,888 | 78.0% | 3.1 |
| PATRICK VERWILST Lievegem | €1.4m | €423,380 | 77.8% | 3.8 |
| DE WEVER GUY Westerlo | €1.3m | €639,567 | 67.5% | 4.4 |
| MERMANS DANNY Oud-Turnhout | €1.5m | €526,238 | 90.4% | 3.9 |
| PHILIP TANGHE Zedelgem | €1.3m | €338,771 | 49.3% | 2.5 |
| SERVICE SYSTEMS Hasselt | €1.1m | €377,226 | 65.6% | 2.7 |
These companies have the same main activity as KURT WILLEMS: plumbing work (NACE 43221). They are comparable in size and age: total assets between €1.1m and €1.5m, founded between 1997 and 2008.
Official details
Source: KBO- Status
- Active since 30-03-2001Normal situation
- Activity
- Plumbing workNACE 43221and 2 others
- Joint committee
- 124Construction · annual accounts 30-09-2021
- Establishment unit
- 2.098.013.0972275 Lille, since 30-04-2001
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €1.4m▲ 14.0%
- Employeeson 30-09-2025
- 3▼ 25.0%
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on KURT WILLEMS
KURT WILLEMS files the abbreviated format. That format states no turnover. The gross margin rose from €77,504 in 2007 to €431,318 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KURT WILLEMS
- What is the company number of KURT WILLEMS?
- The company number of KURT WILLEMS is 0474.458.375. The VAT number is the same number with BE in front: BE 0474.458.375.
- Where is KURT WILLEMS based?
- The registered office is at Tielenbaan 72, 2275 Lille.Company details
- What does KURT WILLEMS do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of KURT WILLEMS?
- KURT WILLEMS is a private limited company (BV).
- When was KURT WILLEMS founded?
- KURT WILLEMS was founded on 30-03-2001.
- Is KURT WILLEMS still active?
- Yes, KURT WILLEMS is an active enterprise in the KBO register.
- How many employees does KURT WILLEMS have?
- KURT WILLEMS had an average of 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KURT WILLEMS fall under?
- In its 30-09-2021 annual accounts, KURT WILLEMS states joint committee 124 (Construction).
- What is the turnover of KURT WILLEMS?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €431,318 and 46 comparable companies (NACE 432). It probably lies between €930,000 and €1.4m.
- Is KURT WILLEMS profitable?
- In financial year 2025, KURT WILLEMS made a profit of €202,877.
- Where can I find the annual accounts of KURT WILLEMS?
- KURT WILLEMS filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KURT WILLEMS due?
- KURT WILLEMS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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