WILLEMSE
ActiveSummary
WILLEMSE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.22M and a net result of €30k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency48▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.78 in 2024; short-term debt: 38.4% and cash: 9.8% of total assets), and 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
30 d late
2022
41 d early
2021
26 d late
2020
36 d early
2019
87 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.22M▲ 16.3%
2024 · €1.05M
2018: €462klowest in 8 years
2019: €584k▲ +26.3% vs 2018
2020: €716k▲ +22.7% vs 2019
2021: €756k▲ +5.5% vs 2020
2022: €869k▲ +15.0% vs 2021
2023: €1.04M▲ +19.8% vs 2022
2024: €1.05M▲ +0.8% vs 2023
2025: €1.22M▲ +16.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€5.36M▲ 51.1%
2024 · €3.55M
2018: €2.48Mlowest in 8 years
2019: €2.62M▲ +5.9% vs 2018
2020: €2.89M▲ +10.2% vs 2019
2021: €2.71M▼ -6.2% vs 2020
2022: €3.02M▲ +11.5% vs 2021
2023: €3.22M▲ +6.7% vs 2022
2024: €3.55M▲ +10.1% vs 2023
2025: €5.36M▲ +51.1% vs 2024highest in 8 years
2018 → 2025
Net result
€30k▲ 279%
2024 · €8k
2018: €55k
2019: €121k▲ +121% vs 2018
2020: €175k▲ +44.0% vs 2019highest in 8 years
2021: €40k▼ -77.3% vs 2020
2022: €113k▲ +184% vs 2021
2023: €172k▲ +51.9% vs 2022
2024: €8k▼ -95.3% vs 2023lowest in 8 years
2025: €30k▲ +279% vs 2024
2018 → 2025
Working capital
€-156k▲ 32.6%
2024 · €-231k
2018: €-292k
2019: €-242k▲ +17.2% vs 2018
2020: €-308k▼ -27.3% vs 2019
2021: €-388k▼ -26.0% vs 2020
2022: €-373k▲ +4.0% vs 2021
2023: €-402k▼ -7.9% vs 2022lowest in 8 years
2024: €-231k▲ +42.5% vs 2023
2025: €-156k▲ +32.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€756k-€869k▲ 15.0%€1.04M▲ 19.8%€1.05M▲ 0.8%€1.22M▲ 16.3%
2021: €756klowest in 5 years
2022: €869k▲ +15.0% vs 2021
2023: €1.04M▲ +19.8% vs 2022
2024: €1.05M▲ +0.8% vs 2023
2025: €1.22M▲ +16.3% vs 2024highest in 5 years
Operating result€65k-€138k▲ 113%€209k▲ 51.1%€53k▼ 74.5%€89k▲ 66.9%
2021: €65k
2022: €138k▲ +113% vs 2021
2023: €209k▲ +51.1% vs 2022highest in 5 years
2024: €53k▼ -74.5% vs 2023lowest in 5 years
2025: €89k▲ +66.9% vs 2024
Net result€40k-€113k▲ 184%€172k▲ 51.9%€8k▼ 95.3%€30k▲ 279%
2021: €40k
2022: €113k▲ +184% vs 2021
2023: €172k▲ +51.9% vs 2022highest in 5 years
2024: €8k▼ -95.3% vs 2023lowest in 5 years
2025: €30k▲ +279% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 67% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.36M
Fixed assets
€3.46M ▲ 26.8%
Current assets
€1.90M ▲ 132%
Equity and liabilities €5.36M
Equity
€1.22M ▲ 16.3%
Provisions
€46k
Debt
€4.10M ▲ 63.9%
Debt's share of the balance-sheet total rises from 70.5% to 76.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€792k▲
2024 · €699k
Cash flow
€733k▲
2024 · €653k
Current ratio
0.92▲
2024 · 0.78
Quick ratio
0.89▲
2024 · 0.74
Debt to equity
3.36▲
2024 · 2.39
ROE
2.5%▲
2024 · 0.8%
ROA
0.6%▲
2024 · 0.2%
Interest coverage
13.25▼
2024 · 15.42
Debt ≤ 1 year
€2.06M▲
2024 · €1.05M
Debt > 1 year
€2.04M▲
2024 · €1.45M
Staff costs
€733k▲
2024 · €657k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.55M€5.36M▲
Fixed assets21/28€2.73M€3.46M▲
Intangible fixed assets21€46k€35k▼
Tangible fixed assets22/27€2.68M€3.42M▲
Land and buildings22€513k€474k▼
Plant, machinery and equipment23€1.43M€2.37M▲
Furniture and vehicles24€174k€129k▼
Leasing and similar rights25€565k€453k▼
Financial fixed assets28€1k€2k▲
Current assets29/58€821k€1.90M▲
Stocks and contracts in progress3€45k€66k▲
Stocks30/36€45k€66k▲
Amounts receivable within one year40/41€434k€1.27M▲
Trade receivables40€377k€1.27M▲
Other amounts receivable41€57k€1k▼
Cash at bank and in hand54/58€306k€527k▲
Deferred charges and accrued income490/1€36k€39k▲
Equity and liabilities
Total equity and liabilities10/49€3.55M€5.36M▲
Equity10/15€1.05M€1.22M▲
Contributions10/11€57k€57k=
Reserves13€991k€1.16M▲
Tax-exempt reserves132-€139k
Distributable reserves133€991k€1.02M▲
Provisions and deferred taxes16-€46k
Deferred taxes168-€46k
Amounts payable17/49€2.50M€4.10M▲
Amounts payable after more than one year17€1.45M€2.04M▲
Financial debts170/4€1.45M€2.04M▲
Amounts payable within one year42/48€1.05M€2.06M▲
Current portion of amounts payable after more than one year42€449k€562k▲
Trade debts44€413k€1.36M▲
Suppliers440/4€413k€1.36M▲
Advances received on contracts in progress46€36k€0▼
Taxes, remuneration and social security45€72k€102k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€68k€92k▲
Other amounts payable47/48€81k€35k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€51k€65k▲
Remuneration, social security and pensions62€657k€733k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€645k€703k▲
Other operating charges640/8€13k€16k▲
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€1.38M€1.54M▲
Operating profit (loss)9901€53k€89k▲
Financial income75/76B€17€598▲
Recurring financial income75€17€598▲
Financial charges65/66B€45k€60k▲
Recurring financial charges65€45k€60k▲
Profit (loss) for the period before taxes9903€8k€30k▲
Transfer from deferred taxes780-€557
Profit (loss) for the period9904€8k€30k▲
Transfer from tax-exempt reserves789-€2k
Profit (loss) for the period to be appropriated9905€8k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€32k▲
Transfer to equity691/2€8k€32k▲
To other reserves6921€8k€32k▲
Social balance
Average headcount (FTE)90879.911.4▲
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €45k | €15k | €51k | €65k | ▲ 28.3% |
| Remuneration, social security and pensions62 | €555k | €608k | €723k | €657k | €733k | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €557k | €566k | €599k | €645k | €703k | ▲ 8.9% |
| Other operating charges640/8 | €14k | €23k | €11k | €13k | €16k | ▲ 23.6% |
| Non-recurring operating charges66A | - | €102 | €0 | €7k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.19M | €1.34M | €1.54M | €1.38M | €1.54M | ▲ 12.0% |
| Operating profit (loss)9901 | €65k | €138k | €209k | €53k | €89k | ▲ 66.9% |
| Financial income75/76B | €20 | €312 | €0 | €17 | €598 | ▲ 3,398% |
| Recurring financial income75 | €20 | €312 | €0 | €17 | €598 | ▲ 3,398% |
| Financial charges65/66B | €25k | €26k | €37k | €45k | €60k | ▲ 31.8% |
| Recurring financial charges65 | €25k | €26k | €37k | €45k | €60k | ▲ 31.8% |
| Profit (loss) for the period before taxes9903 | €40k | €113k | €172k | €8k | €30k | ▲ 272% |
| Transfer from deferred taxes780 | - | - | - | - | €557 | - |
| Profit (loss) for the period9904 | €40k | €113k | €172k | €8k | €30k | ▲ 279% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €2k | - |
| Profit (loss) for the period to be appropriated9905 | €40k | €113k | €172k | €8k | €32k | ▲ 300% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.71M | €3.02M | €3.22M | €3.55M | €5.36M | ▲ 51.1% |
| Fixed assets21/28 | €2.20M | €2.49M | €2.49M | €2.73M | €3.46M | ▲ 26.8% |
| Intangible fixed assets21 | - | - | - | €46k | €35k | ▼ 23.7% |
| Tangible fixed assets22/27 | €2.20M | €2.49M | €2.48M | €2.68M | €3.42M | ▲ 27.6% |
| Land and buildings22 | €556k | €534k | €507k | €513k | €474k | ▼ 7.6% |
| Plant, machinery and equipment23 | €1.50M | €1.34M | €1.25M | €1.43M | €2.37M | ▲ 65.7% |
| Furniture and vehicles24 | €42k | €79k | €54k | €174k | €129k | ▼ 26.1% |
| Leasing and similar rights25 | €102k | €540k | €677k | €565k | €453k | ▼ 19.8% |
| Financial fixed assets28 | €1k | €1k | €4k | €1k | €2k | ▲ 72.3% |
| Current assets29/58 | €510k | €530k | €735k | €821k | €1.90M | ▲ 132% |
| Stocks and contracts in progress3 | €50k | €59k | €47k | €45k | €66k | ▲ 46.2% |
| Stocks30/36 | €50k | €59k | €47k | €45k | €66k | ▲ 46.2% |
| Amounts receivable within one year40/41 | €187k | €321k | €207k | €434k | €1.27M | ▲ 193% |
| Trade receivables40 | €187k | €321k | €204k | €377k | €1.27M | ▲ 237% |
| Other amounts receivable41 | - | - | €3k | €57k | €1k | ▼ 97.7% |
| Cash at bank and in hand54/58 | €239k | €135k | €437k | €306k | €527k | ▲ 72.4% |
| Deferred charges and accrued income490/1 | €34k | €16k | €44k | €36k | €39k | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.71M | €3.02M | €3.22M | €3.55M | €5.36M | ▲ 51.1% |
| Equity10/15 | €756k | €869k | €1.04M | €1.05M | €1.22M | ▲ 16.3% |
| Contributions10/11 | €57k | €57k | €57k | €57k | €57k | = |
| Reserves13 | €699k | €812k | €983k | €991k | €1.16M | ▲ 17.2% |
| Non-distributable reserves130/1 | €6k | €6k | €0 | - | - | - |
| Reserves not available under the articles1311 | €6k | €6k | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €139k | - |
| Distributable reserves133 | €693k | €806k | €983k | €991k | €1.02M | ▲ 3.2% |
| Provisions and deferred taxes16 | - | - | - | - | €46k | - |
| Deferred taxes168 | - | - | - | - | €46k | - |
| Amounts payable17/49 | €1.95M | €2.15M | €2.18M | €2.50M | €4.10M | ▲ 63.9% |
| Amounts payable after more than one year17 | €1.06M | €1.25M | €1.05M | €1.45M | €2.04M | ▲ 40.5% |
| Financial debts170/4 | €1.06M | €1.25M | €1.05M | €1.45M | €2.04M | ▲ 40.5% |
| Amounts payable within one year42/48 | €898k | €903k | €1.14M | €1.05M | €2.06M | ▲ 95.8% |
| Current portion of amounts payable after more than one year42 | €468k | €458k | €406k | €449k | €562k | ▲ 25.0% |
| Trade debts44 | €285k | €283k | €558k | €413k | €1.36M | ▲ 230% |
| Suppliers440/4 | €285k | €283k | €558k | €413k | €1.36M | ▲ 230% |
| Advances received on contracts in progress46 | - | - | - | €36k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €75k | €88k | €92k | €72k | €102k | ▲ 40.9% |
| Taxes450/3 | €22k | €33k | €5k | €4k | €10k | ▲ 125% |
| Remuneration and social security454/9 | €53k | €54k | €87k | €68k | €92k | ▲ 35.4% |
| Other amounts payable47/48 | €70k | €74k | €82k | €81k | €35k | ▼ 56.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €113k | €172k | €8k | €30k | ▲ 279% |
| + Depreciation and write-downs630 | €557k | €566k | €599k | €645k | €703k | ▲ 8.9% |
| Operating cash flow (approximation) | €597k | €679k | €771k | €653k | €733k | ▲ 12.2% |
| Investment in fixed assets (approximation) | - | €-857k | €-596k | €-886k | €-1.43M | ▼ 61.9% |
| Change in cash | - | €-104k | €302k | €-131k | €222k | ▲ 269% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
20-08
State Gazette act
Resignation: Willy Willemse (director)2 facts ▸
State Gazette act
Resignation: Willy Willemse (director)
2 facts ▸
- General meeting, 30-06-2026
- Director resignation, Willy Willemse (director)
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €8k ▼95.3%
Net result drops to €8k, 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
Equity above €1MEq €1.04M ▲19.8%
6 profitable years in a row build equity to €1.04M.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €175k ▲44%
Net result €175k, the highest in the series.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Equity above €500kEq €584k ▲26.3%
2 profitable years in a row build equity to €584k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 1987
Ground area
9,781 m²
Building footprint
1,663 m²
Volume, LiDAR
8,969 m³
Parcel 13048D0668/00A000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WILLEMSE BVBA
since 19872.033.119.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0668/00A000 | Flanders | 9,781 m² | 1 · 1,663 m² | 7.8 m · 2 fl. |
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
2022 to 2025 · 9 entries · 26,978 EUR awarded · 26,980 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,952 EUR | 5,128 EUR |
| 2024 | 2 | 5,391 EUR | 5,309 EUR |
| 2023 | 3 | 9,124 EUR | 9,180 EUR |
| 2022 | 2 | 7,511 EUR | 7,363 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.033.119.010
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 811 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
Founded13-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
01110Growing of cereals (except rice), leguminous crops and oil seeds
43120Site preparation
46216Wholesale of agricultural produce and animal feed, general range
49410Freight transport by road
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.