WILLCO
ActiveSummary
WILLCO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €699,322 and a net result of €339,641. Equity is growing by ~81.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency95▼-5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 20.12 against 8.03 in 2023; short-term debt: 4.4% and cash: 16.1% of total assets), and 29.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
70.2%
Return on assets
34.1%
Age of the figures
21 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 26-06-2026, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
35 d early
2024
74 d late
2023
34 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€699,322▲ 94.4%
2023 · €359,680
Total assets
€996,425▲ 153%
2023 · €393,950
Net result
€339,641▲ 38.7%
2023 · €244,889
Working capital
€830,016▲ 245%
2023 · €240,756
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202220232024
Operating result€160,486-€356,024▲ 122%€491,472▲ 38.0%
Net result€112,791above the sector's middle half-€244,889above the sector's middle half▲ 117%€339,641above the sector's middle half▲ 38.7%
Equity€114,791within the sector's middle half-€359,680above the sector's middle half▲ 213%€699,322above the sector's middle half▲ 94.4%
Total assets€172,435within the sector's middle half-€393,950within the sector's middle half▲ 128%€996,425above the sector's middle half▲ 153%
Debt€57,644-€34,270▼ 40.5%€297,103▲ 767%
Working capital€81,224within the sector's middle half-€240,756above the sector's middle half▲ 196%€830,016above the sector's middle half▲ 245%
Solvency66.6%within the sector's middle half-91.3%above the sector's middle half▲ 24.7pp70.2%within the sector's middle half▼ 21.1pp
Current ratio2.41within the sector's middle half-8.03above the sector's middle half▲ 5.6220.12above the sector's middle half▲ 12.09
Return on assets (ROA)65.4%above the sector's middle half-62.2%above the sector's middle half▼ 3.2pp34.1%above the sector's middle half▼ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result has risen two years in a row; 2024 is 38% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €996,425
Fixed assets
€122,998 ▲ 3.4%
Current assets
€873,427 ▲ 218%
Equity and liabilities €996,425
Equity
€699,322 ▲ 94.4%
Debt
€297,103 ▲ 767%
Debt's share of the balance-sheet total rises from 8.7% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€522,591▲
2023 · €378,106
Cash flow
€370,761▲
2023 · €266,971
Debt to equity
0.42▲
2023 · 0.10
ROE
48.6%▼
2023 · 68.1%
Interest coverage
1638.47▲
2023 · 283.01
Debt ≤ 1 year
€43,411▲
2023 · €34,270
Income taxes
€153,622▲
2023 · €109,880
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,126 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 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €713 | €22,082 | €31,119 | ▲ 40.9% |
| Other operating charges640/8 | €1,288 | €117 | €1,188 | ▲ 915% |
| Non-recurring operating charges66A | - | €15,396 | - | - |
| Gross operating margin9900 | €162,487 | €393,619 | €523,779 | ▲ 33.1% |
| Operating profit (loss)9901 | €160,486 | €356,024 | €491,472 | ▲ 38.0% |
| Financial income75/76B | - | €81 | €2,110 | ▲ 2,505% |
| Recurring financial income75 | - | €81 | €2,110 | ▲ 2,505% |
| Financial charges65/66B | €476 | €1,336 | €319 | ▼ 76.1% |
| Recurring financial charges65 | €476 | €1,336 | €319 | ▼ 76.1% |
| Profit (loss) for the period before taxes9903 | €160,010 | €354,769 | €493,263 | ▲ 39.0% |
| Income taxes67/77 | €47,219 | €109,880 | €153,622 | ▲ 39.8% |
| Profit (loss) for the period9904 | €112,791 | €244,889 | €339,641 | ▲ 38.7% |
| Profit (loss) for the period to be appropriated9905 | €112,791 | €244,889 | €339,641 | ▲ 38.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €172,435 | €393,950 | €996,425 | ▲ 153% |
| Fixed assets21/28 | €33,567 | €118,924 | €122,998 | ▲ 3.4% |
| Tangible fixed assets22/27 | €33,567 | €118,924 | €122,998 | ▲ 3.4% |
| Furniture and vehicles24 | €33,567 | €118,924 | €122,998 | ▲ 3.4% |
| Current assets29/58 | €138,868 | €275,026 | €873,427 | ▲ 218% |
| Amounts receivable within one year40/41 | €64,690 | €86,293 | €112,931 | ▲ 30.9% |
| Trade receivables40 | €46,909 | €58,677 | €14,882 | ▼ 74.6% |
| Other amounts receivable41 | €17,781 | €27,616 | €98,049 | ▲ 255% |
| Current investments50/53 | - | - | €600,000 | - |
| Cash at bank and in hand54/58 | €74,178 | €188,733 | €160,496 | ▼ 15.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €172,435 | €393,950 | €996,425 | ▲ 153% |
| Equity10/15 | €114,791 | €359,680 | €699,322 | ▲ 94.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €112,791 | €357,680 | €697,322 | ▲ 95.0% |
| Distributable reserves133 | €112,791 | €357,680 | €697,322 | ▲ 95.0% |
| Amounts payable17/49 | €57,644 | €34,270 | €297,103 | ▲ 767% |
| Amounts payable within one year42/48 | €57,644 | €34,270 | €43,411 | ▲ 26.7% |
| Trade debts44 | €6,536 | €3,941 | €24,659 | ▲ 526% |
| Suppliers440/4 | €6,536 | €3,941 | €24,659 | ▲ 526% |
| Taxes, remuneration and social security45 | €5,504 | €29,197 | €18,622 | ▼ 36.2% |
| Taxes450/3 | €5,504 | €29,197 | €18,622 | ▼ 36.2% |
| Other amounts payable47/48 | €45,604 | €1,132 | €131 | ▼ 88.5% |
| Accrued charges and deferred income492/3 | - | - | €253,692 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,791 | €244,889 | €339,641 | ▲ 38.7% |
| + Depreciation and write-downs630 | €713 | €22,082 | €31,119 | ▲ 40.9% |
| Operating cash flow (approximation) | €113,504 | €266,971 | €370,761 | ▲ 38.9% |
| Investment in fixed assets (approximation) | - | -€107,439 | -€35,194 | ▲ 67.2% |
| Change in cash | - | €114,555 | -€28,237 | ▼ 125% |
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 2026, expected by
2026
28-07
State Gazette act
General meeting · Merger
Accounting effect · Declaration
29-06
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Highest result since 2022net €339,641 ▲38.7%
Operating result €491,472, net result €339,641, both a record.
31-12
Financial
Liquidity triplescurrent ratio 20.12
Current ratio from 8.03 to 20.12.
31-12
Financial
Equity above €500,000Eq €699,322 ▲94.4%
3 profitable years in a row build equity to €699,322.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.03
Current ratio from 2.41 to 8.03; short-term debt falls from €57,644 to €34,270.
31-12
Financial
Equity above €200,000Eq €359,680 ▲213%
2 profitable years in a row build equity to €359,680.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kluisbergen · 1 establishment unit since 2022
Ground area
3,815 m²
Parcel 45018A0316/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
WILLCO
since 20222.329.683.345
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018A0316/00D000 | Flanders | 3,815 m² | - | - |
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
2024 · 1 entry · 1,350 EUR awarded · 1,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,350 EUR | 1,350 EUR |
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 31,607 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
Founded15-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783441482
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.