WILBO
ActiveSummary
WILBO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €428,803 and a net result of €137,082. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 76% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+22
Solvency95▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.26 against 1.67 in 2023; short-term debt: 30.2% and cash: 38.8% of total assets), and 30.2% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
69.8%
Return on assets
22.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
33 d early
2022
32 d early
2021
27 d early
2020
60 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€428,803▲ 45.9%
2023 · €293,857
Total assets
€614,055▲ 17.1%
2023 · €524,337
Net result
€137,082▲ 436%
2023 · €25,569
Working capital
€419,472▲ 184%
2023 · €147,508
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€131,249▲ 4,322%€65,786▼ 49.9%€23,436▼ 64.4%€34,987▲ 49.3%€200,439▲ 473%
Net result€89,112above the sector's middle half▲ 4,072%€45,646above the sector's middle half▼ 48.8%€16,581within the sector's middle half▼ 63.7%€25,569within the sector's middle half▲ 54.2%€137,082above the sector's middle half▲ 436%
Equity€486,254above the sector's middle half▲ 22.4%€531,900above the sector's middle half▲ 9.4%€548,481above the sector's middle half▲ 3.1%€293,857above the sector's middle half▼ 46.4%€428,803above the sector's middle half▲ 45.9%
Total assets€764,298above the sector's middle half▲ 2.6%€808,007above the sector's middle half▲ 5.7%€770,118above the sector's middle half▼ 4.7%€524,337above the sector's middle half▼ 31.9%€614,055above the sector's middle half▲ 17.1%
Debt€278,043▼ 20.1%€276,106▼ 0.7%€221,637▼ 19.7%€230,480▲ 4.0%€185,252▼ 19.6%
Working capital€299,448▲ 35.4%€353,627▲ 18.1%€383,170▲ 8.4%€147,508▼ 61.5%€419,472▲ 184%
Solvency63.6%within the sector's middle half▲ 10.3pp65.8%above the sector's middle half▲ 2.2pp71.2%above the sector's middle half▲ 5.4pp56.0%within the sector's middle half▼ 15.2pp69.8%above the sector's middle half▲ 13.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 473% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €614,055
Fixed assets
€9,331 ▼ 94.0%
Current assets
€604,724 ▲ 64.1%
Equity and liabilities €614,055
Equity
€428,803 ▲ 45.9%
Debt
€185,252 ▼ 19.6%
Debt's share of the balance-sheet total falls from 44.0% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€207,449▲
2023 · €49,015
Cash flow
€144,092▲
2023 · €39,597
Current ratio
3.26▲
2023 · 1.67
Quick ratio
2.98▲
2023 · 1.41
Debt to equity
0.43▼
2023 · 0.78
ROE
32.0%▲
2023 · 8.7%
ROA
22.3%▲
2023 · 4.9%
Interest coverage
1431.67▲
2023 · 708.21
Debt ≤ 1 year
€185,252▼
2023 · €221,046
Income taxes
€65,096▲
2023 · €10,525
Staff costs
€1,681▲
2023 · €979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €926 | €1,856 | €979 | €1,681 | ▲ 71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,794 | €18,280 | €12,962 | €14,028 | €7,010 | ▼ 50.0% |
| Other operating charges640/8 | - | €1,810 | €2,685 | €2,120 | €2,256 | ▲ 6.4% |
| Non-recurring operating charges66A | - | €392 | €0 | - | - | - |
| Gross operating margin9900 | €151,470 | €87,193 | €40,939 | €52,114 | €211,385 | ▲ 306% |
| Operating profit (loss)9901 | €131,249 | €65,786 | €23,436 | €34,987 | €200,439 | ▲ 473% |
| Financial income75/76B | - | €489 | €487 | €1,176 | €1,885 | ▲ 60.3% |
| Recurring financial income75 | €493 | €489 | €487 | €1,176 | €1,885 | ▲ 60.3% |
| Financial charges65/66B | - | €67 | €103 | €69 | €145 | ▲ 109% |
| Recurring financial charges65 | €120 | €67 | €103 | €69 | €145 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €131,623 | €66,208 | €23,820 | €36,094 | €202,178 | ▲ 460% |
| Income taxes67/77 | €42,511 | €20,561 | €7,239 | €10,525 | €65,096 | ▲ 519% |
| Profit (loss) for the period9904 | €89,112 | €45,646 | €16,581 | €25,569 | €137,082 | ▲ 436% |
| Profit (loss) for the period to be appropriated9905 | €89,112 | €45,646 | €16,581 | €25,569 | €137,082 | ▲ 436% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €764,298 | €808,007 | €770,118 | €524,337 | €614,055 | ▲ 17.1% |
| Fixed assets21/28 | €186,806 | €178,274 | €165,311 | €155,783 | €9,331 | ▼ 94.0% |
| Tangible fixed assets22/27 | €186,806 | €178,274 | €165,311 | €155,783 | €9,331 | ▼ 94.0% |
| Land and buildings22 | - | €155,750 | €149,234 | €142,719 | €2,559 | ▼ 98.2% |
| Plant, machinery and equipment23 | - | €1,873 | €1,012 | €3,586 | €2,332 | ▼ 35.0% |
| Furniture and vehicles24 | - | €20,651 | €15,065 | €9,479 | €4,440 | ▼ 53.2% |
| Current assets29/58 | €577,492 | €629,733 | €604,806 | €368,554 | €604,724 | ▲ 64.1% |
| Stocks and contracts in progress3 | €23,948 | €69,985 | €40,937 | €55,776 | €52,735 | ▼ 5.5% |
| Stocks30/36 | - | €69,985 | €40,937 | €52,973 | €52,735 | ▼ 0.4% |
| Contracts in progress37 | - | - | - | €2,803 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €47,437 | €30,523 | €4,813 | €11,463 | €16,342 | ▲ 42.6% |
| Trade receivables40 | - | €29,231 | €1,394 | €169 | €13,882 | ▲ 8,110% |
| Other amounts receivable41 | - | €1,292 | €3,418 | €11,293 | €2,459 | ▼ 78.2% |
| Current investments50/53 | €270,303 | €270,787 | €271,273 | €70,000 | €294,536 | ▲ 321% |
| Cash at bank and in hand54/58 | €230,093 | €251,906 | €284,281 | €228,137 | €238,108 | ▲ 4.4% |
| Deferred charges and accrued income490/1 | - | €6,531 | €3,503 | €3,178 | €3,004 | ▼ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €764,298 | €808,007 | €770,118 | €524,337 | €614,055 | ▲ 17.1% |
| Equity10/15 | €486,254 | €531,900 | €548,481 | €293,857 | €428,803 | ▲ 45.9% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €466,254 | €511,900 | €528,481 | €273,857 | €408,803 | ▲ 49.3% |
| Non-distributable reserves130/1 | - | €15,050 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €15,050 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €478,100 | €509,731 | €255,107 | €390,053 | ▲ 52.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €278,043 | €276,106 | €221,637 | €230,480 | €185,252 | ▼ 19.6% |
| Amounts payable within one year42/48 | €278,043 | €276,106 | €221,637 | €221,046 | €185,252 | ▼ 16.2% |
| Trade debts44 | €5,274 | €23,804 | €3,199 | €15,877 | €4,675 | ▼ 70.6% |
| Suppliers440/4 | - | €23,804 | €3,199 | €15,877 | €4,675 | ▼ 70.6% |
| Taxes, remuneration and social security45 | - | €24,323 | €1,461 | €2,046 | €6,135 | ▲ 200% |
| Taxes450/3 | - | €24,323 | €1,461 | €96 | €6,135 | ▲ 6,325% |
| Remuneration and social security454/9 | - | - | - | €1,950 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €227,980 | €216,977 | €203,124 | €174,442 | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | - | - | €9,434 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89,112 | €45,646 | €16,581 | €25,569 | €137,082 | ▲ 436% |
| + Depreciation and write-downs630 | €15,794 | €18,280 | €12,962 | €14,028 | €7,010 | ▼ 50.0% |
| Operating cash flow (approximation) | €104,906 | €63,926 | €29,543 | €39,597 | €144,092 | ▲ 264% |
| Investment in fixed assets (approximation) | - | -€9,748 | €0 | -€4,500 | €139,442 | ▲ 3,199% |
| Change in cash | - | €21,813 | €32,375 | -€56,144 | €9,970 | ▲ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €137,082 ▲436%
Operating result €200,439, net result €137,082, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €531,900 ▲9.4%
4 profitable years in a row build equity to €531,900.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €2,136 ▼95.2%
Net result drops to €2,136, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Westerlo · 1 establishment unit since 2003
Ground area
2,274 m²
Building footprint
142 m²
Volume, LiDAR
737 m³
Parcel 13039D0166/00A000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geneinde 178, 2260 Westerlo
since 20032.126.503.284
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039D0166/00A000 | Flanders | 2,274 m² | 1 · 142 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 486 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 486 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
8755007MCVWLHPDS9073
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 440 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
43230Insulation installation
43410Roofing work
43990Other specialised construction activities
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479635405
Also
9925:BE0479635405
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.