LOUIS WIDMER
ActiveLOUIS WIDMER has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.07M and a net result of €-810k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 33% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-40
Solvency55▼-4
Growth46▼-1
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 1.63 against 1.71 in 2024; short-term debt: 58.8% and cash: 11.8% of total assets), but 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
29.6%
Return on assets
-7.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
20 d early
2023
37 d early
2022
14 d early
2021
59 d early
2020
64 d early
2019
70 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€23.47M▼ 6.4%
2024 · €25.08M
2018: €23.30M
2019: €22.27M
2020: €23.54M
2021: €23.46M
2022: €23.87M
2023: €24.05M
2024: €25.08M
2018 → 2025
EBIT margin
-2.2%▼ 4.1pp
2024 · 1.9%
2018: 1.0%
2019: -0.6%
2020: 1.9%
2021: 6.7%
2022: -0.7%
2023: 8.3%
2024: 1.9%
2018 → 2025
Net result
€-810k
2024 · €111k
2018: €117k
2019: €-352k
2020: €207k
2021: €1.07M
2022: €-395k
2023: €1.46M
2024: €111k
2018 → 2025
Working capital
€3.85M▼ 15.5%
2024 · €4.55M
2018: €2.48M
2019: €2.22M
2020: €3.12M
2021: €4.23M
2022: €3.68M
2023: €4.56M
2024: €4.55M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.46M-€23.87M▲ 1.7%€24.05M▲ 0.8%€25.08M▲ 4.3%€23.47M▼ 6.4%
Equity€2.71M-€2.31M▼ 14.6%€3.77M▲ 63.2%€3.88M▲ 3.0%€3.07M▼ 20.9%
Operating result€1.56M-€-167k€2.00M€465k▼ 76.8%€-528k
Net result€1.07M-€-395k€1.46M€111k▼ 92.4%€-810k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €528k after €465k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.36M
Fixed assets
€415k▼ 20.1%
Current assets
€9.94M▼ 9.3%
Equity and liabilities €10.36M
Equity
€3.07M▼ 20.9%
Provisions
€15k=
Debt
€7.27M▼ 4.2%
The debt ratio rises from 66.1% to 70.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-405k▼
2024 · €570k
Cash flow
€-687k▼
2024 · €217k
Solvency
29.6%▼
2024 · 33.8%
Current ratio
1.63▼
2024 · 1.71
Quick ratio
0.61▲
2024 · 0.53
Debt / equity
2.37▲
2024 · 1.96
ROE
-26.4%▼
2024 · 2.9%
ROA
-7.8%▼
2024 · 1.0%
Interest coverage
-2.89▼
2024 · 4.87
Debt
€7.27M▼
2024 · €7.59M
Debt ≤ 1 year
€6.09M▼
2024 · €6.42M
Debt > 1 year
€1.18M=
2024 · €1.18M
Income taxes
€50k▼
2024 · €129k
Staff costs
€4.51M▲
2024 · €4.34M
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€11.49M€10.36M▼
Fixed assets21/28€520k€415k▼
Intangible fixed assets21€26k€15k▼
Tangible fixed assets22/27€462k€367k▼
Land and buildings22€138k€129k▼
Plant, machinery and equipment23€112k€83k▼
Furniture and vehicles24€185k€124k▼
Other tangible fixed assets26€27k€31k▲
Financial fixed assets28€32k€32k▲
Other financial fixed assets284/8€32k€32k▲
Amounts receivable and cash guarantees285/8€32k€32k▲
Current assets29/58€10.97M€9.94M▼
Stocks and contracts in progress3€7.56M€6.20M▼
Stocks30/36€7.56M€6.20M▼
Goods purchased for resale34€7.56M€6.20M▼
Amounts receivable within one year40/41€1.91M€2.01M▲
Trade receivables40€1.54M€1.65M▲
Other amounts receivable41€367k€361k▼
Cash at bank and in hand54/58€1.09M€1.22M▲
Deferred charges and accrued income490/1€412k€515k▲
Equity and liabilities
Total equity and liabilities10/49€11.49M€10.36M▼
Equity10/15€3.88M€3.07M▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€3.76M€2.95M▼
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€3.74M€2.93M▼
Provisions and deferred taxes16€15k€15k=
Provisions for liabilities and charges160/5€15k€15k=
Pensions and similar obligations160€15k€15k=
Amounts payable17/49€7.59M€7.27M▼
Amounts payable after more than one year17€1.18M€1.18M=
Financial debts170/4€1.18M€1.18M=
Other loans174€1.18M€1.18M=
Amounts payable within one year42/48€6.42M€6.09M▼
Trade debts44€5.72M€5.35M▼
Suppliers440/4€5.72M€5.35M▼
Taxes, remuneration and social security45€699k€740k▲
Taxes450/3€80k€133k▲
Remuneration and social security454/9€619k€608k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Operating income70/76A€25.21M€23.58M▼
Turnover70€25.08M€23.47M▼
Other operating income74€121k€107k▼
Operating charges60/66A€24.74M€24.10M▼
Goods for resale, raw materials and consumables60€14.04M€13.49M▼
Purchases600/8€14.88M€12.47M▼
Change in stocks: decrease (increase)609€-836k€1.02M▲
Services and other goods61€5.92M€5.69M▼
Remuneration, social security and pensions62€4.34M€4.51M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106k€123k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€420k€274k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-157k-
Other operating charges640/8€74k€21k▼
Operating profit (loss)9901€465k€-528k▼
Financial income75/76B€2k€507▼
Recurring financial income75€2k€507▼
Other financial income752/9€2k€507▼
Financial charges65/66B€226k€233k▲
Recurring financial charges65€215k€233k▲
Debt charges650€117k€140k▲
Other financial charges652/9€97k€93k▼
Non-recurring financial charges66B€12k-
Profit (loss) for the period before taxes9903€240k€-760k▼
Income taxes67/77€129k€50k▼
Taxes670/3€130k€51k▼
Tax adjustments and reversals of tax provisions77€1k€2k▲
Profit (loss) for the period9904€111k€-810k▼
Profit (loss) for the period to be appropriated9905€111k€-810k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€-810k▼
Transfer from equity791/2-€810k
From reserves792-€810k
Transfer to equity691/2€111k-
To other reserves6921€111k-
Social balance
Average headcount (FTE)908737.138.4▲
The notes to these accounts (58 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-810k ▼827%
Net result drops to €-810k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.46M
Net result €1.46M after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.71M ▲65.7%
2 profitable years in a row build equity to €2.71M.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €207k
Net result €207k after one loss-making year.
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Brussel · 1 establishment unit since 1987
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.
Louizalaan 4861050 BrusselGround area
4,558 m²
Building footprint
1,908 m²
Volume, LiDAR
21,443 m³
2 parcels, Brussels, Flanders · tallest building 30.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
LOUIS WIDMER
since 19872.030.268.396
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0467/00C000 | Flanders | 3,862 m² | 1 · 1,289 m² | 9.3 m · 3 fl. |
| 21822R0227/00X002 | Brussels | 696 m² | 1 · 619 m² | 30.8 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 7 entries · 11,970 EUR awarded · 11,970 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 52 EUR | 52 EUR |
| 2024 | 2 | 2,416 EUR | 2,416 EUR |
| 2023 | 2 | 4,283 EUR | 4,283 EUR |
| 2022 | 2 | 5,219 EUR | 5,219 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,897 companies in sector 46460 we hold annual accounts for 1,116. 654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-10-1987
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46460Wholesale of pharmaceutical and medical goods
Sources
Crossroads Bank for EnterprisesNational Bank · 39 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.