WILLEM
ActiveSummary
The computed 12-month bankruptcy probability of WILLEM is 2.5% (moderate). The 2024 annual accounts show equity of €191,806 and a net result of €37,174. Equity remains stable across the filed fiscal years (±1.4% per year). The company has been active since 1998 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-5
Solvency64▲+8
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.15 in 2023; short-term debt: 8% and cash: 2.8% of total assets), and 61.5% of the assets are financed with debt.
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Signals
Six 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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
1 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
33 d early
2019
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€191,806▲ 24.0%
2023 · €154,633
Total assets
€498,054▲ 0.4%
2023 · €496,301
Net result
€37,174▲ 25.0%
2023 · €29,729
Working capital
-€14,921▲ 71.4%
2023 · -€52,237
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9,903€6,586▼ 33.5%€32,189▲ 389%€54,643▲ 69.8%€72,171▲ 32.1%
Net result-€2,612▲ 76.6%-€2,241▲ 14.2%€16,748€29,729▲ 77.5%€37,174▲ 25.0%
Equity€124,896▼ 33.9%€122,655▼ 1.8%€139,404▲ 13.7%€154,633▲ 10.9%€191,806▲ 24.0%
Total assets€590,785▼ 15.7%€529,260▼ 10.4%€512,680▼ 3.1%€496,301▼ 3.2%€498,054▲ 0.4%
Debt€465,889▼ 9.0%€406,605▼ 12.7%€373,276▼ 8.2%€341,668▼ 8.5%€306,248▼ 10.4%
Working capital-€37,666-€33,689▲ 10.6%-€31,991▲ 5.0%-€52,237▼ 63.3%-€14,921▲ 71.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €498,054
Fixed assets
€472,887 ▼ 2.8%
Current assets
€25,167 ▲ 163%
Equity and liabilities €498,054
Equity
€191,806 ▲ 24.0%
Debt
€306,248 ▼ 10.4%
Debt's share of the balance-sheet total falls from 68.8% to 61.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,019▲
2023 · €72,646
Cash flow
€51,022▲
2023 · €47,731
Current ratio
0.63▲
2023 · 0.15
Debt to equity
1.60▼
2023 · 2.21
ROE
19.4%▲
2023 · 19.2%
ROA
7.5%▲
2023 · 6.0%
Interest coverage
5.19▼
2023 · 8.08
Debt ≤ 1 year
€40,088▼
2023 · €61,802
Debt > 1 year
€252,200▼
2023 · €267,283
Income taxes
€18,797▲
2023 · €15,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,882 | €18,338 | €18,002 | €18,002 | €13,848 | ▼ 23.1% |
| Other operating charges640/8 | - | €7,277 | €8,987 | €10,461 | €12,942 | ▲ 23.7% |
| Gross operating margin9900 | €36,011 | €32,200 | €59,178 | €83,107 | €98,961 | ▲ 19.1% |
| Operating profit (loss)9901 | €9,903 | €6,586 | €32,189 | €54,643 | €72,171 | ▲ 32.1% |
| Financial income75/76B | - | - | €1 | €19 | €371 | ▲ 1,883% |
| Recurring financial income75 | €2 | - | €1 | €19 | €371 | ▲ 1,883% |
| Financial charges65/66B | - | €8,827 | €9,372 | €8,995 | €16,571 | ▲ 84.2% |
| Recurring financial charges65 | €12,517 | €8,827 | €9,372 | €8,995 | €16,571 | ▲ 84.2% |
| Profit (loss) for the period before taxes9903 | -€2,612 | -€2,241 | €22,818 | €45,667 | €55,971 | ▲ 22.6% |
| Income taxes67/77 | - | - | €6,070 | €15,938 | €18,797 | ▲ 17.9% |
| Profit (loss) for the period9904 | -€2,612 | -€2,241 | €16,748 | €29,729 | €37,174 | ▲ 25.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,612 | -€2,241 | €16,748 | €29,729 | €37,174 | ▲ 25.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €590,785 | €529,260 | €512,680 | €496,301 | €498,054 | ▲ 0.4% |
| Fixed assets21/28 | €541,078 | €522,740 | €504,738 | €486,736 | €472,887 | ▼ 2.8% |
| Tangible fixed assets22/27 | €541,078 | €522,740 | €504,738 | €486,736 | €472,887 | ▼ 2.8% |
| Land and buildings22 | - | €514,262 | €497,915 | €481,568 | €468,753 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €244 | €122 | - | - | - |
| Furniture and vehicles24 | - | €8,235 | €6,701 | €5,168 | €4,134 | ▼ 20.0% |
| Current assets29/58 | €49,708 | €6,520 | €7,942 | €9,565 | €25,167 | ▲ 163% |
| Amounts receivable after more than one year29 | - | - | - | - | €11,000 | - |
| Other amounts receivable291 | - | - | - | - | €11,000 | - |
| Cash at bank and in hand54/58 | €49,708 | €6,490 | €7,912 | €9,535 | €14,167 | ▲ 48.6% |
| Deferred charges and accrued income490/1 | - | €30 | €30 | €30 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €590,785 | €529,260 | €512,680 | €496,301 | €498,054 | ▲ 0.4% |
| Equity10/15 | €124,896 | €122,655 | €139,404 | €154,633 | €191,806 | ▲ 24.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Revaluation surpluses12 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €16,500 | €16,500 | €33,200 | €48,200 | €85,300 | ▲ 77.0% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €14,500 | €31,200 | €46,200 | €83,300 | ▲ 80.3% |
| Profit (loss) carried forward14 | €13,396 | €11,155 | €11,204 | €11,433 | €11,506 | ▲ 0.6% |
| Amounts payable17/49 | €465,889 | €406,605 | €373,276 | €341,668 | €306,248 | ▼ 10.4% |
| Amounts payable after more than one year17 | €370,552 | €359,178 | €321,901 | €267,283 | €252,200 | ▼ 5.6% |
| Financial debts170/4 | - | €106,902 | €92,181 | €77,283 | €62,200 | ▼ 19.5% |
| Other amounts payable178/9 | - | €252,277 | €229,720 | €190,000 | €190,000 | = |
| Amounts payable within one year42/48 | €87,374 | €40,209 | €39,933 | €61,802 | €40,088 | ▼ 35.1% |
| Current portion of amounts payable after more than one year42 | - | €14,543 | €14,721 | €14,898 | €15,083 | ▲ 1.2% |
| Financial debts43 | - | - | - | €2,533 | €4,396 | ▲ 73.5% |
| Credit institutions430/8 | - | - | - | €2,533 | €4,396 | ▲ 73.5% |
| Trade debts44 | €7,495 | €311 | €388 | €1,503 | €1,597 | ▲ 6.2% |
| Suppliers440/4 | - | €311 | €388 | €1,503 | €1,597 | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | - | €6,070 | €8,200 | €18,550 | ▲ 126% |
| Taxes450/3 | - | - | €6,070 | €8,200 | €18,550 | ▲ 126% |
| Other amounts payable47/48 | - | €25,356 | €18,754 | €34,668 | €462 | ▼ 98.7% |
| Accrued charges and deferred income492/3 | - | €7,217 | €11,442 | €12,583 | €13,960 | ▲ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,612 | -€2,241 | €16,748 | €29,729 | €37,174 | ▲ 25.0% |
| + Depreciation and write-downs630 | €18,882 | €18,338 | €18,002 | €18,002 | €13,848 | ▼ 23.1% |
| Operating cash flow (approximation) | €16,270 | €16,096 | €34,751 | €47,731 | €51,022 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€43,218 | €1,422 | €1,623 | €4,632 | ▲ 185% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-09
KBO administration
Address struck
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €37,174 ▲25%
Operating result €72,171, net result €37,174, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €154,633 ▲10.9%
2 profitable years in a row build equity to €154,633.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,748
Net result €16,748 after 3 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€11,155
Net result drops to -€11,155, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 3.13
Current ratio from 1.20 to 3.13.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 1998
Ground area
2,099 m²
Building footprint
359 m²
Volume, LiDAR
1,619 m³
2 parcels, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WILLEM
since 19982.378.687.052
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0523/00T004 | Flanders | 1,373 m² | 1 · 167 m² | 7.5 m · 1 fl. |
| 31034A0121/00B002 | Flanders | 726 m² | 1 · 191 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded16-12-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464870619
Also
9925:BE0464870619
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.