VILLERSEM
ActiveVILLERSEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €577k and a net result of €22k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 6592 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-79
Solvency24▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.06 in 2023), and 84.3% 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 47
Relative position
BE, all sectors
reference
Sector 47
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
61 d late
2022
31 d late
2021
29 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▼ 80.1%
2023 · €108k
2018: €56k
2019: €157k
2020: €379k
2021: €144k
2022: €22k
2023: €108k
2018 → 2024
Working capital
€141k▲ 54.9%
2023 · €91k
2018: €-130k
2019: €99k
2020: €118k
2021: €172k
2022: €162k
2023: €91k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€282k-€425k▲ 51.1%€447k▲ 5.2%€556k▲ 24.2%€577k▲ 3.9%
Operating result€457k-€254k▼ 44.4%€97k▼ 62.0%€226k▲ 134%€67k▼ 70.3%
Net result€379k-€144k▼ 62.1%€22k▼ 84.6%€108k▲ 391%€22k▼ 80.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 70% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.68M
Fixed assets
€2.07M▼ 4.9%
Current assets
€1.61M▼ 0.1%
Equity and liabilities €3.69M
Equity
€577k▲ 3.9%
Debt
€3.11M▼ 4.3%
The debt ratio falls from 85.4% to 84.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€401k▼
2023 · €562k
Cash flow
€356k▼
2023 · €445k
Solvency
15.7%▲
2023 · 14.6%
Current ratio
1.10▲
2023 · 1.06
Quick ratio
0.72▲
2023 · 0.70
Debt / equity
5.39▼
2023 · 5.85
ROE
3.7%▼
2023 · 19.5%
ROA
0.6%▼
2023 · 2.8%
Interest coverage
4.72▼
2023 · 5.99
Debt
€3.11M▼
2023 · €3.25M
Debt ≤ 1 year
€1.47M▼
2023 · €1.52M
Debt > 1 year
€1.51M▼
2023 · €1.70M
Income taxes
€8k▼
2023 · €37k
Staff costs
€1.35M▼
2023 · €1.43M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.81M€3.69M▼
Formation expenses20€19k€7k▼
Fixed assets21/28€2.18M€2.07M▼
Tangible fixed assets22/27€2.13M€2.01M▼
Land and buildings22€1.16M€1.05M▼
Plant, machinery and equipment23€844k€899k▲
Furniture and vehicles24€130k€61k▼
Financial fixed assets28€46k€65k▲
Current assets29/58€1.61M€1.61M▼
Stocks and contracts in progress3€540k€550k▲
Stocks30/36€540k€550k▲
Amounts receivable within one year40/41€135k€169k▲
Trade receivables40€39k€30k▼
Other amounts receivable41€96k€139k▲
Cash at bank and in hand54/58€894k€772k▼
Deferred charges and accrued income490/1€41k€118k▲
Equity and liabilities
Total equity and liabilities10/49€3.81M€3.69M▼
Equity10/15€556k€577k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€258k€258k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€84k€84k=
Distributable reserves133€164k€164k=
Profit (loss) carried forward14€198k€220k▲
Amounts payable17/49€3.25M€3.11M▼
Amounts payable after more than one year17€1.70M€1.51M▼
Financial debts170/4€1.70M€1.51M▼
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€1.52M€1.47M▼
Current portion of amounts payable after more than one year42€352k€341k▼
Trade debts44€1.01M€981k▼
Suppliers440/4€1.01M€981k▼
Taxes, remuneration and social security45€155k€146k▼
Taxes450/3€313€772▲
Remuneration and social security454/9€155k€145k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€30k€132k▲
Income statement
Code20232024
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€1.43M€1.35M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€336k€334k▼
Other operating charges640/8€42k€70k▲
Non-recurring operating charges66A€532€1k▲
Gross operating margin9900€2.04M€1.83M▼
Operating profit (loss)9901€226k€67k▼
Financial income75/76B€32k€55k▲
Recurring financial income75€32k€55k▲
Financial charges65/66B€112k€92k▼
Recurring financial charges65€94k€85k▼
Non-recurring financial charges66B€18k€7k▼
Profit (loss) for the period before taxes9903€146k€29k▼
Income taxes67/77€37k€8k▼
Profit (loss) for the period9904€108k€22k▼
Transfer to tax-exempt reserves689€2k-
Profit (loss) for the period to be appropriated9905€107k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€220k▲
Profit (loss) brought forward from the previous period14P€91k€198k▲
Social balance
Average headcount (FTE)908738.535.4▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 104 days late
2024
31-12
Financial
Weakest financial yearnet €22k ▼80.1%
Net result drops to €22k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Equity above €500kEq €556k ▲24.2%
6 profitable years in a row build equity to €556k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €379k ▲142%
Operating result €457k, net result €379k, both a record.
31-12
Financial
Equity above €200kEq €282k ▲55.5%
3 profitable years in a row build equity to €282k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Equity above €150kEq €181k ▲64.5%
2 profitable years in a row build equity to €181k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2024
VILLERSAL
CurrentDirector (executive) · since 07-06-2024 · Public limited company · perm. rep.: Geoffrey Van De Velde
BAWIN Cherryl
CurrentManaging director · since 24-11-2023
BAWIN Cherryl Jeanne Lucienne
CurrentDirector (executive) · since 24-11-2023
DEMOLIN Jenny Alberte Marie-Madeleine
CurrentDirector (executive) · since 24-11-2023
HERTEN Christian Joseph Lambert
CurrentDirector (executive) · since 24-11-2023
07-06-2024
VILLERSAL: Appointed as Director (executive)
07-06-2024
BAWIN Cherryl: Resigned as Director (executive)
24-11-2023
BAWIN Cherryl: Resigned as Managing director
24-11-2023
BAWIN Cherryl: Appointed as Managing director
24-11-2023
BAWIN Cherryl: Appointed as Director (executive)
24-11-2023
BAWIN Cherryl Jeanne Lucienne: Resigned as Director (executive)
24-11-2023
BAWIN Cherryl Jeanne Lucienne: Appointed as Director (executive)
24-11-2023
DEMOLIN Jenny Alberte Marie-Madeleine: Resigned as Director (executive)
24-11-2023
DEMOLIN Jenny Alberte Marie-Madeleine: Appointed as Director (executive)
24-11-2023
HERTEN Christian Joseph Lambert: Resigned as Director (executive)
24-11-2023
HERTEN Christian Joseph Lambert: Appointed as Director (executive)
Location & real-estate footprint
Registered office, Villers-le-Bouillet · 1 establishment unit since 2005
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.
Rue du Château d'Eau 14530 Villers-le-BouilletGround area
9,469 m²
Building footprint
1,124 m²
Volume, LiDAR
5,741 m³
Parcel 61068A0226/00E002, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VILLERSEM SA
since 20052.150.186.825
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0226/00E002 | Wallonia | 9,469 m² | 1 · 1,124 m² | 5.9 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
ISITOK
BE 0772.910.846
Villers-la-Ville · Eq €579k
HOLEBO
BE 0666.866.981
Anhée · Eq €580k
MKR2
BE 0680.447.476
Gent · Eq €580k
HM CORP
BE 0727.595.218
Charleroi · Eq €575k
GEKELO
BE 0819.585.563
Leuven · Eq €575k
Of 10,412 companies in sector 47110 we hold annual accounts for 5,787. 2,935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-05-2005
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47120Other non-specialised retail sale
47191Retail trade
52122
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.