WILLA
ActiveSummary
WILLA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €84,540 and a net result of -€7,624. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 233 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability60▼-4
Solvency98▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 5.59 in 2025; short-term debt: 26.8% and cash: 41% of total assets), and 26.8% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€7,624
neutral · Latest accounts filed on time
The financial year that closed on 01-01-2026 was due by 01-08-2026 and was filed on 18-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
14 d early
2025
42 d early
2024
3 d late
2023
21 d early
2022
2 d early
2021
8 d late
2020
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 01-01-2027 and is due by 01-08-2027. Nothing is late today. Usually files around 18 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today01-01-2027 close01-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€84,540▼ 20.6%
2025 · €106,449
Total assets
€115,497▲ 0.2%
2025 · €115,265
Net result
-€7,624▼ 59.6%
2025 · -€4,778
Working capital
€23,721▼ 41.4%
2025 · €40,452
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20222023202420252026
Operating result€23,686▲ 203%€19,961▼ 15.7%€20,574▲ 3.1%€2,119▼ 89.7%€29▼ 98.6%
Net result€15,033within the sector's middle half▲ 461%€12,947within the sector's middle half▼ 13.9%€15,061within the sector's middle half▲ 16.3%-€4,778below the sector's middle half-€7,624▼ 59.6%
Equity€158,961above the sector's middle half▲ 10.4%€143,336above the sector's middle half▼ 9.8%€129,826above the sector's middle half▼ 9.4%€106,449within the sector's middle half▼ 18.0%€84,540▼ 20.6%
Total assets€164,505within the sector's middle half▲ 5.4%€203,873within the sector's middle half▲ 23.9%€200,824within the sector's middle half▼ 1.5%€115,265within the sector's middle half▼ 42.6%€115,497▲ 0.2%
Debt€5,544▼ 54.5%€60,536▲ 992%€70,998▲ 17.3%€8,816▼ 87.6%€30,957▲ 251%
Working capital€97,943above the sector's middle half▲ 4.6%€75,542within the sector's middle half▼ 22.9%€65,151within the sector's middle half▼ 13.8%€40,452within the sector's middle half▼ 37.9%€23,721▼ 41.4%
Solvency96.6%above the sector's middle half▲ 4.4pp70.3%above the sector's middle half▼ 26.3pp64.6%above the sector's middle half▼ 5.7pp92.4%above the sector's middle half▲ 27.7pp73.2%▼ 19.2pp
Current ratio18.67above the sector's middle half▲ 9.982.25within the sector's middle half▼ 16.421.92within the sector's middle half▼ 0.335.59above the sector's middle half▲ 3.671.77▼ 3.82
Return on assets (ROA)9.1%within the sector's middle half▲ 7.4pp6.4%within the sector's middle half▼ 2.8pp7.5%within the sector's middle half▲ 1.1pp-4.1%below the sector's middle half▼ 11.6pp-6.6%▼ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result has fallen two years in a row; 2026 is 99% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €115,497
Fixed assets
€60,819 ▼ 7.8%
Current assets
€54,678 ▲ 11.0%
Equity and liabilities €115,497
Equity
€84,540 ▼ 20.6%
Debt
€30,957 ▲ 251%
Debt's share of the balance-sheet total rises from 7.6% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,477▲
2025 · €9,803
Cash flow
€4,824▲
2025 · €2,906
Debt to equity
0.37▲
2025 · 0.08
ROE
-9.0%▼
2025 · -4.5%
Interest coverage
107.84▲
2025 · 37.44
Debt ≤ 1 year
€30,957▲
2025 · €8,816
Income taxes
€7,675▲
2025 · €6,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,178 | €5,740 | €3,119 | €7,684 | €12,448 | ▲ 62.0% |
| Other operating charges640/8 | €787 | €1,942 | €3,822 | €2,523 | €2,733 | ▲ 8.3% |
| Non-recurring operating charges66A | - | - | - | €10,013 | - | - |
| Gross operating margin9900 | €26,651 | €27,643 | €27,516 | €22,338 | €15,210 | ▼ 31.9% |
| Operating profit (loss)9901 | €23,686 | €19,961 | €20,574 | €2,119 | €29 | ▼ 98.6% |
| Financial income75/76B | - | - | - | - | €138 | - |
| Recurring financial income75 | - | - | - | - | €138 | - |
| Financial charges65/66B | €647 | €387 | €508 | €262 | €116 | ▼ 55.8% |
| Recurring financial charges65 | €638 | €387 | €508 | €262 | €116 | ▼ 55.8% |
| Non-recurring financial charges66B | €10 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €23,038 | €19,574 | €20,066 | €1,857 | €52 | ▼ 97.2% |
| Income taxes67/77 | €8,005 | €6,627 | €5,005 | €6,635 | €7,675 | ▲ 15.7% |
| Profit (loss) for the period9904 | €15,033 | €12,947 | €15,061 | -€4,778 | -€7,624 | ▼ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €15,033 | €12,947 | €15,061 | -€4,778 | -€7,624 | ▼ 59.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,505 | €203,873 | €200,824 | €115,265 | €115,497 | ▲ 0.2% |
| Fixed assets21/28 | €61,018 | €67,794 | €64,675 | €65,997 | €60,819 | ▼ 7.8% |
| Tangible fixed assets22/27 | €61,018 | €67,794 | €64,675 | €65,997 | €60,819 | ▼ 7.8% |
| Land and buildings22 | €48,208 | €46,263 | €44,436 | €42,719 | €38,870 | ▼ 9.0% |
| Plant, machinery and equipment23 | - | €10,013 | €10,013 | - | €6,810 | - |
| Furniture and vehicles24 | - | - | - | €14,343 | €8,733 | ▼ 39.1% |
| Other tangible fixed assets26 | €12,810 | €11,518 | €10,226 | €8,935 | €6,406 | ▼ 28.3% |
| Current assets29/58 | €103,487 | €136,079 | €136,150 | €49,268 | €54,678 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €61,032 | €45,025 | €34,139 | €7,723 | €7,335 | ▼ 5.0% |
| Trade receivables40 | €45,380 | €34,421 | €20,840 | - | - | - |
| Other amounts receivable41 | €15,652 | €10,604 | €13,299 | €7,723 | €7,335 | ▼ 5.0% |
| Cash at bank and in hand54/58 | €42,455 | €91,054 | €102,010 | €41,545 | €47,343 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,505 | €203,873 | €200,824 | €115,265 | €115,497 | ▲ 0.2% |
| Equity10/15 | €158,961 | €143,336 | €129,826 | €106,449 | €84,540 | ▼ 20.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €1,692 | €1,692 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €138,501 | €122,876 | €109,366 | €102,897 | €80,988 | ▼ 21.3% |
| Amounts payable17/49 | €5,544 | €60,536 | €70,998 | €8,816 | €30,957 | ▲ 251% |
| Amounts payable within one year42/48 | €5,544 | €60,536 | €70,998 | €8,816 | €30,957 | ▲ 251% |
| Current portion of amounts payable after more than one year42 | - | €648 | €648 | €390 | €4,823 | ▲ 1,136% |
| Financial debts43 | - | €4,532 | - | - | - | - |
| Credit institutions430/8 | - | €4,532 | - | - | - | - |
| Trade debts44 | €1,545 | €15,754 | €15,417 | €3,612 | €10,897 | ▲ 202% |
| Suppliers440/4 | €1,545 | €15,754 | €15,417 | €3,612 | €10,897 | ▲ 202% |
| Taxes, remuneration and social security45 | - | €15,549 | €32,080 | €4,814 | €4,900 | ▲ 1.8% |
| Taxes450/3 | - | €12,549 | €26,080 | €4,814 | €4,900 | ▲ 1.8% |
| Remuneration and social security454/9 | - | €3,000 | €6,000 | - | - | - |
| Other amounts payable47/48 | €3,999 | €24,053 | €22,853 | - | €10,337 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,033 | €12,947 | €15,061 | -€4,778 | -€7,624 | ▼ 59.6% |
| + Depreciation and write-downs630 | €2,178 | €5,740 | €3,119 | €7,684 | €12,448 | ▲ 62.0% |
| Operating cash flow (approximation) | €17,212 | €18,687 | €18,180 | €2,906 | €4,824 | ▲ 66.0% |
| Investment in fixed assets (approximation) | - | -€12,516 | €0 | -€9,006 | -€7,270 | ▲ 19.3% |
| Change in cash | - | €48,599 | €10,956 | -€60,465 | €5,798 | ▲ 110% |
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
Next filing, fiscal year 2027, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
01-01
Financial
Weakest financial yearnet -€7,624
Net result drops to -€7,624, the lowest in the series.
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
01-01
Financial
Liquidity triplescurrent ratio 5.59
Current ratio from 1.92 to 5.59; short-term debt falls from €70,998 to €8,816.
2024
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
01-01
Financial
Liquidity doublescurrent ratio 18.67
Current ratio from 8.68 to 18.67; short-term debt falls from €12,189 to €5,544.
01-01
Financial
Equity above €150,000Eq €158,961 ▲10.4%
4 profitable years in a row build equity to €158,961.
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
01-01
Financial
Highest result since 2019net €28,286 ▲51.7%
Operating result €41,602, net result €28,286, both a record.
Show earlier events
01-01
Financial
Liquidity quadruplescurrent ratio 21.47
Current ratio from 5.06 to 21.47; short-term debt falls from €22,474 to €6,102.
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beauvechain · 1 establishment unit since 1989
Ground area
4,675 m²
Building footprint
115 m²
Volume, LiDAR
707 m³
Parcel 25103E0286/00C000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WILLA
since 19892.044.730.504
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25103E0286/00C000 | Wallonia | 4,675 m² | 1 · 115 m² | 8.8 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.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 457 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
Founded04-09-1989
Fiscal year end01-01
Activities, NACEBEL 2025
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438260549
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.