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 €699k and a net result of €340k. Equity is growing by ~81.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €60k 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.
Credit advice for your own amount and term
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
Sector 70
lower
← 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
34 d early
2022
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€699k▲ 94.4%
2023 · €360k
2022: €115k
2023: €360k
2022 → 2024
Total assets
€996k▲ 153%
2023 · €394k
2022: €172k
2023: €394k
2022 → 2024
Net result
€340k▲ 38.7%
2023 · €245k
2022: €113k
2023: €245k
2022 → 2024
Working capital
€830k▲ 245%
2023 · €241k
2022: €81k
2023: €241k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€115k-€360k▲ 213%€699k▲ 94.4%
Operating result€160k-€356k▲ 122%€491k▲ 38.0%
Net result€113k-€245k▲ 117%€340k▲ 38.7%
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 €996k
Fixed assets
€123k ▲ 3.4%
Current assets
€873k ▲ 218%
Equity and liabilities €996k
Equity
€699k ▲ 94.4%
Debt
€297k ▲ 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
€523k▲
2023 · €378k
Cash flow
€371k▲
2023 · €267k
Current ratio
20.12▲
2023 · 8.03
Debt to equity
0.42▲
2023 · 0.10
ROE
48.6%▼
2023 · 68.1%
ROA
34.1%▼
2023 · 62.2%
Interest coverage
1638.47▲
2023 · 283.01
Debt ≤ 1 year
€43k▲
2023 · €34k
Income taxes
€154k▲
2023 · €110k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€394k€996k▲
Fixed assets21/28€119k€123k▲
Tangible fixed assets22/27€119k€123k▲
Furniture and vehicles24€119k€123k▲
Current assets29/58€275k€873k▲
Amounts receivable within one year40/41€86k€113k▲
Trade receivables40€59k€15k▼
Other amounts receivable41€28k€98k▲
Current investments50/53-€600k
Cash at bank and in hand54/58€189k€160k▼
Equity and liabilities
Total equity and liabilities10/49€394k€996k▲
Equity10/15€360k€699k▲
Contributions10/11€2k€2k=
Reserves13€358k€697k▲
Distributable reserves133€358k€697k▲
Amounts payable17/49€34k€297k▲
Amounts payable within one year42/48€34k€43k▲
Trade debts44€4k€25k▲
Suppliers440/4€4k€25k▲
Taxes, remuneration and social security45€29k€19k▼
Taxes450/3€29k€19k▼
Other amounts payable47/48€1k€131▼
Accrued charges and deferred income492/3-€254k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€31k▲
Other operating charges640/8€117€1k▲
Non-recurring operating charges66A€15k-
Gross operating margin9900€394k€524k▲
Operating profit (loss)9901€356k€491k▲
Financial income75/76B€81€2k▲
Recurring financial income75€81€2k▲
Financial charges65/66B€1k€319▼
Recurring financial charges65€1k€319▼
Profit (loss) for the period before taxes9903€355k€493k▲
Income taxes67/77€110k€154k▲
Profit (loss) for the period9904€245k€340k▲
Profit (loss) for the period to be appropriated9905€245k€340k▲
Appropriation of the result
Profit (loss) to be appropriated9906€245k€340k▲
Transfer to equity691/2€245k€340k▲
To other reserves6921€245k€340k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
General meeting · Merger
Accounting effect · Dissolution · Lars Hansen
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Highest result since 2022net €340k ▲38.7%
Operating result €491k, net result €340k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 20.12
Current ratio from 8.03 to 20.12.
31-12
Financial
Equity above €500kEq €699k ▲94.4%
3 profitable years in a row build equity to €699k.
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 €58k to €34k.
31-12
Financial
Equity above €200kEq €360k ▲213%
2 profitable years in a row build equity to €360k.
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.
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
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.
Broektestraat 99690 KluisbergenGround 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
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
2024 · 1 entry · 1,350 EUR awarded · 1,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,350 EUR | 1,350 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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OGIVE Consulting
BE 0411.527.844
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RT VENTURES
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HL7 Europe
BE 0826.312.613
Brussel · Eq €698,984
Jugnon Invest
BE 0642.617.179
Hove · Eq €698,951
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 31,572 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.