WILFRA CONCEPT & CREATION
ActiveWILFRA CONCEPT & CREATION has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510k and a net result of €187k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 129 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+6
Solvency75▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 5.16 in 2024; short-term debt: 45.7% and cash: 27.4% of total assets), but 50.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 31
Relative position
BE, all sectors
reference
Sector 31
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
49.5%
Return on assets
18.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
24 d early
2023
30 d early
2022
68 d early
2021
45 d early
2020
47 d early
2019
18 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€187k▼ 13.3%
2024 · €216k
2018: €68k
2019: €210k
2020: €94k
2021: €155k
2022: €116k
2023: €216k
2024: €216k
2018 → 2025
Working capital
€399k▼ 65.0%
2024 · €1.14M
2018: €381k
2019: €490k
2020: €547k
2021: €634k
2022: €766k
2023: €1.04M
2024: €1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€779k-€895k▲ 14.9%€1.11M▲ 24.2%€1.27M▲ 14.5%€510k▼ 60.0%
Operating result€162k-€143k▼ 12.0%€273k▲ 91.3%€277k▲ 1.6%€233k▼ 15.9%
Net result€155k-€116k▼ 25.1%€216k▲ 86.9%€216k▼ 0.2%€187k▼ 13.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€159k▼ 20.5%
Current assets
€870k▼ 38.5%
Equity and liabilities €1.03M
Equity
€510k▼ 60.0%
Debt
€519k▲ 51.9%
The debt ratio rises from 21.2% to 50.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€308k▼
2024 · €349k
Cash flow
€262k▼
2024 · €288k
Solvency
49.5%▼
2024 · 78.8%
Current ratio
1.85▼
2024 · 5.16
Quick ratio
1.21▼
2024 · 3.55
Debt / equity
1.02▲
2024 · 0.27
ROE
36.7%▲
2024 · 17.0%
ROA
18.2%▲
2024 · 13.4%
Interest coverage
48.06▼
2024 · 60.83
Debt
€519k▲
2024 · €342k
Debt ≤ 1 year
€470k▲
2024 · €274k
Debt > 1 year
€45k▼
2024 · €67k
Income taxes
€66k▼
2024 · €75k
Staff costs
€147k▼
2024 · €155k
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€1.61M€1.03M▼
Fixed assets21/28€200k€159k▼
Tangible fixed assets22/27€200k€159k▼
Land and buildings22€909€606▼
Plant, machinery and equipment23€54k€34k▼
Furniture and vehicles24€145k€124k▼
Current assets29/58€1.41M€870k▼
Stocks and contracts in progress3€441k€302k▼
Stocks30/36€255k€302k▲
Contracts in progress37€186k-
Amounts receivable within one year40/41€213k€277k▲
Trade receivables40€160k€209k▲
Other amounts receivable41€53k€69k▲
Current investments50/53€450k-
Cash at bank and in hand54/58€304k€282k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.03M▼
Equity10/15€1.27M€510k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.21M€448k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.19M€423k▼
Amounts payable17/49€342k€519k▲
Amounts payable after more than one year17€67k€45k▼
Financial debts170/4€67k€45k▼
Amounts payable within one year42/48€274k€470k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€222k€438k▲
Suppliers440/4€222k€438k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€1k-
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€25k€5k▼
Accrued charges and deferred income492/3€927€4k▲
Income statement
Code20242025
Non-recurring operating income76A€63k€1k▼
Remuneration, social security and pensions62€155k€147k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€75k▲
Other operating charges640/8€863€866▲
Non-recurring operating charges66A€6k€467▼
Gross operating margin9900€511k€456k▼
Operating profit (loss)9901€277k€233k▼
Financial income75/76B€19k€27k▲
Recurring financial income75€19k€27k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€291k€253k▼
Income taxes67/77€75k€66k▼
Profit (loss) for the period9904€216k€187k▼
Profit (loss) for the period to be appropriated9905€216k€187k▼
Appropriation of the result
Profit (loss) to be appropriated9906€216k€187k▼
Transfer from equity791/2€30k€950k▲
Transfer to equity691/2€191k€187k▼
To other reserves6921€191k€187k▼
Profit to be distributed694/7€55k€950k▲
Return on contributions (dividend)694€55k€950k▲
Social balance
Average headcount (FTE)90873.02.8▼
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €216k ▲86.9%
Net result €216k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.11M ▲24.2%
6 profitable years in a row build equity to €1.11M.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Equity above €500kEq €531k ▲16.4%
2 profitable years in a row build equity to €531k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Martens-Latem · 1 establishment unit since 1986
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.
Kortrijksesteenweg 129830 Sint-Martens-LatemGround area
1,073 m²
Building footprint
488 m²
Volume, LiDAR
2,762 m³
Parcel 44064B0611/00G002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wilfra Concept & Creation
since 19862.034.317.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0611/00G002 | Flanders | 1,073 m² | 1 · 488 m² | 9.4 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
2022 to 2025 · 2 entries · 291 EUR awarded · 291 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 135 EUR |
| 2022 | 1 | 156 EUR | 156 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 620 companies in sector 31002 we hold annual accounts for 350. 262 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-11-1986
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
43320Joinery installation
47551Retail sale of household furniture
47591Retail trade
52441
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.