Checked.be
Active
BE 0458.216.914Private limited company
WILLEMS CONSTRUCT
Koeweidestraat 56 ·1785 Merchtem, Belgium· 30 yrs active
Sector: Manufacture of metal structures and parts of structures
(25110)
Conclusion
WILLEMS CONSTRUCT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.19M and a net result of €1.30M. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €2.19M |
| Net result | €1.30M |
| Better than sector | 90% |
| Active | 30 yrs |
Financial profile
92
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€180k
estimate, not credit advice
Score history
86
2021
94
2022
93
2023
70
2024
83
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.11 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.11 (≥ 1.0)
+5
Leverage
Debt/equity 0.17 (< 1.0)
+10
Profitability
ROE 59% (≥ 10%)
+10
Interest coverage
Interest coverage -24.0× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~19.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 85.7% | 46.2% | |
| Net result | €1.30M | €45k | |
| Equity | €2.19M | €467k | |
| Gross operating margin | €-27k | €453k | |
| Total assets | €2.56M | €1.23M |
€-36k
-
21-25
€1.30M
-
21-25
€1.31M
-
21-25
€2.56M
+107.5%
21-25
€2.19M
+145.0%
21-25
€1.47M
+89.7%
21-25
5
-100.0%
21-25
€346k
+6.8%
21-25
€137k
+100.5%
21-25
€143k
-
21-25
€366k
+8.2%
21-25
€357k
+18.6%
21-25
€9k
-0.1%
21-25
5.11
+43.2%
21-25
5.11
+43.2%
21-25
85.7%
+18.1%
21-25
0.17
-55.8%
21-25
59.2%
-
21-25
50.7%
-
21-25
-24.01
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-36k | €21k | €212k | €447k | €102k |
| Net profit | €1.30M | €-59k | €134k | €326k | €59k |
| Cash flow | €1.31M | €-50k | €144k | €338k | €75k |
| Staff costs | - | €346k | €324k | €377k | €328k |
| Income taxes | €137k | €68k | €68k | €106k | €25k |
| Dividends | - | - | - | €143k | - |
| Total assets | €2.56M | €1.23M | €1.26M | €1.89M | €856k |
| Equity | €2.19M | €896k | €955k | €821k | €638k |
| Debt | €366k | €338k | €306k | €1.07M | €218k |
| of which ≤ 1y | €357k | €301k | €283k | €1.05M | €168k |
| of which > 1y | €9k | €9k | €16k | €16k | €22k |
| Working capital | €1.47M | €774k | €809k | €659k | €506k |
| Employees (FTE) | - | 4.6 | 324,211.0 | 377,124.3 | 6.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.11 | 3.57 | 3.86 | 1.63 | 4.01 |
| Quick ratio | 5.11 | 3.57 | 3.86 | 1.63 | 3.05 |
| Working capital ratio | 57.3% | 62.7% | 64.2% | 34.9% | 59.1% |
| Solvency | 85.7% | 72.6% | 75.7% | 43.4% | 74.5% |
| Debt / equity | 0.17 | 0.38 | 0.32 | 1.30 | 0.34 |
| Long-term debt ratio | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 |
| Interest coverage | -24.01 | 6.95 | 185.43 | 184.65 | 73.23 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 50.7% | -4.8% | 10.6% | 17.2% | 6.9% |
| ROE | 59.2% | -6.5% | 14.0% | 39.7% | 9.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.56M | €1.23M | €1.26M | €1.89M | €856k |
| Fixed assets | 21/28 | €736k | €160k | €169k | €177k | €182k |
| Tangible fixed assets | 22/27 | €729k | €152k | €161k | €170k | €175k |
| Financial fixed assets | 28 | €8k | €8k | €8k | €8k | €8k |
| Current assets | 29/58 | €1.82M | €1.07M | €1.09M | €1.71M | €674k |
| Stocks & contracts in progress | 3 | - | - | - | - | €161k |
| Amounts receivable within one year | 40/41 | €285k | €848k | €790k | €1.55M | €361k |
| Cash & bank | 54/58 | €1.54M | €227k | €301k | €160k | €146k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.56M | €1.23M | €1.26M | €1.89M | €856k |
| Equity | 10/15 | €2.19M | €896k | €955k | €821k | €638k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €1.91M | €617k | €617k | €497k | €202k |
| Accumulated profits (losses) | 14 | €261k | €261k | €319k | €305k | €417k |
| Amounts payable | 17/49 | €366k | €338k | €306k | €1.07M | €218k |
| Amounts payable after one year | 17 | €9k | €9k | €16k | €16k | €22k |
| Amounts payable within one year | 42/48 | €357k | €301k | €283k | €1.05M | €168k |
| Trade debts payable within one year | 44 | €258k | €282k | €257k | €824k | €116k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-27k | €378k | €547k | €833k | €446k |
| Operating result | 9901 | €-43k | €13k | €203k | €434k | €85k |
| Financial income | 75 | €1.48M | - | - | - | - |
| Financial charges | 65 | €1k | €3k | €1k | €2k | €1k |
| Result before taxes | 9903 | €1.44M | €9k | €201k | €432k | €84k |
| Income taxes | 67/77 | €137k | €68k | €68k | €106k | €25k |
| Net result for the period | 9904 | €1.30M | €-59k | €134k | €326k | €59k |
| Result to be appropriated | 9905 | €1.30M | €-59k | €134k | €326k | €59k |
Directors & mandates
Current directors & mandates
-
Ronny WillemsDirectorState Gazette act 23352011 (05-06-2023)Current05-06-2023 → present
Former directors (1)
-
Jan WillemsDirectorState Gazette act 23352011 (05-06-2023)Former- → 05-06-2023
Legal Structure
| NACE primary | Manufacture of metal structures and parts of structures(25110) |
| Legal form | Private limited company(610) |
| Incorporation | 11-06-1996 |
| Status | Active |
| Postal code | 1785 |
Establishment units
WILLEMS CONSTRUCT
since 19972.082.400.750
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00T005 | Flanders | 2,935 m² | 1 · 1,314 m² | 6.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €1.30M
Net result €1.30M after one loss-making year.
31-12
Financial
Equity above €2MEq €2.19M ▲145%
Equity rises from €896k to €2.19M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-59k ▼144%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.86
Current ratio from 1.63 to 3.86; short-term debt falls from €1.05M to €283k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
05-06
State Gazette act
Director changes
v3.2
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2023
05-06-2023 1 director appointed, 1 resigning
- Ronny Willems, Bestuurder
- Jan Willems, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ronny Willems",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jan Willems",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0458.216.914",
"name_full": "WILLEMS CONSTRUCT"
}
}Credit advice
Company registry (CBE)
Activities
Manufacture of metal structures and parts of structures2511028110Renting and operating of own or leased non-residential real estate, excluding land68203Real estate activities68204
Names & trade names
| Legal nameNL | WILLEMS CONSTRUCT |
Similar companies
LIMOX
BE 0432.373.045 · Genk
GLESNER André SA
BE 0875.544.467 · Bastogne
A.K.P.
BE 0471.952.114 · Oudsbergen
METAALPUNT
BE 0425.038.459 · Zulte
CASTERS METAALWERKEN
BE 0870.654.776 · Oudsbergen