WILLCO PRODUCTS

Active

Public limited companyfounded 1973active for 53 yearsKwalestraat 74, 9320 Aalst, BelgiumKBO/BCE: BE 0413.071.827

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of WILLCO PRODUCTS is 6.7% (elevated). The 2025 annual accounts show negative equity (-€646,098) and a net result of -€978,558. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 7% of 5,034 sector peers (NACE 47, financial year 2025). The company has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

WILLCO PRODUCTSActiveChecked score 32/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 19-03-1973 Normal situation
Legal form: Public limited company
Registered office: Kwalestraat 74, 9320 Aalst
Activity: Other retail sale of new goods NACE 47789and 3 others
Establishment units: 2.008.284.733 9320 Aalst, since 01-03-1973
: 2.312.484.750 5590 Ciney, since 26-01-2021
Financial year end: 31 December
Peppol: Reachable since 02-10-2025

Company details

Who decides

Board

NELAROManaging director · permanent representative Ilse Bolangier
Nelson CoppensManaging director
Lauren CoppensDirector · since 25-02-2026

Shareholders

NELARO99.11%annual accounts 2025

Board & ownership

How it is doing

32 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 6.7%

Annual accounts 2025

Gross margin: €970,262; ▲ 2.8%
Turnover: ≈ €3.5m; estimated
Loss: €978,558; ▼ 1.5%
Equity: -€646,098
Total assets: €2.4m; ▼ 33.3%
Staff: 18.4 FTE; ▲ 3.4%

2025 accounts 24 days early

Filed on 07-07-2026at the National Bank

Financials

Why 32raises riskNegative equity -€646,098Loss of €978,558, the second in a row (financial year 2025)Founded in 1973Sector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025

32 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 1% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-34

equity -27.5% of total assets

Liquidity 6-14

short-term debt 126.3% · cash 4.7%

Profitability 0=

return on assets -41.6%

Bankruptcy probability, 12 months

6.7% Elevated

0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)

Last 24 months 11-2024: 3.7% 12-2024: 3.7%● unchanged vs 11-2024 01-2025: 3.7%● unchanged vs 12-2024 02-2025: 3.7%● unchanged vs 01-2025 03-2025: 3.7%● unchanged vs 02-2025 04-2025: 3.9%▲ +0.2 percentage points vs 03-2025 05-2025: 4.2%▲ +0.3 percentage points vs 04-2025 06-2025: 4.1%▼ -0.1 percentage points vs 05-2025 07-2025: 2.5%▼ -1.6 percentage points vs 06-2025 08-2025: 1.8%▼ -0.7 percentage points vs 07-2025lowest value 09-2025: 1.8%● unchanged vs 08-2025lowest value 10-2025: 1.8%● unchanged vs 09-2025lowest value 11-2025: 1.8%● unchanged vs 10-2025lowest value 12-2025: 1.8%● unchanged vs 11-2025lowest value 01-2026: 1.8%● unchanged vs 12-2025lowest value 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 6.7%▲ +4.7 percentage points vs 07-2026highest value 09-2026: 6.7%● unchanged vs 08-2026highest value 10-2026: 6.7%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.53, compared with 0.83 in 2024, below 1; short-term debt: 126.3% and cash: 4.7% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 1% on solvency, 2% on liquidity, 2% on profitability and 1% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Negative equity -€646,098

NBB · annual accounts

Loss of €978,558, the second in a row (financial year 2025)

NBB · annual accounts

Founded in 1973

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Sector: Specialised construction activities (NACE 43)

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€646,098

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

24 days early

2024

48 days early

2023

65 days early

2022

48 days early

2021

48 days early

2020

37 days early

2019

57 days early

← 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 47 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€646,098 View
Risk: 3 loss-making years in a rowloss financial year 2025 -€978,558 View
Caution: Among the weakest 5% on net resultsector median €39,952 · 5,033 companies -€978,558 View
Board changedlatest change 25-02-2026 · 3 in office 2 joined · 1 left View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Documents

Key facts about WILLCO PRODUCTS

What is the company number of WILLCO PRODUCTS?: 0413.071.827. In Belgium the VAT number is the company number with BE in front: BE 0413.071.827.
Where is WILLCO PRODUCTS based?: The registered office is at Kwalestraat 74, 9320 Aalst.Company details
What does WILLCO PRODUCTS do?: According to the KBO register, the main activity is other retail sale of new goods (NACE 47789).
What is the legal form of WILLCO PRODUCTS?: Public limited company (NV).
When was WILLCO PRODUCTS founded?: On 19-03-1973.
Is WILLCO PRODUCTS still active?: Yes, WILLCO PRODUCTS is an active enterprise in the KBO register.
How many employees does WILLCO PRODUCTS have?: On average 18.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WILLCO PRODUCTS?: ≈ €3.5m in financial year 2025. Estimated from the gross margin of €970,262: probably between €2.7m and €5.8m, based on 47 comparable companies, NACE 477.
Is WILLCO PRODUCTS profitable?: In financial year 2025, WILLCO PRODUCTS made a loss of €978,558.
Where can I find the annual accounts of WILLCO PRODUCTS?: WILLCO PRODUCTS filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of WILLCO PRODUCTS due?: By 31-07-2027, for financial year 2026.Timeline