WILLIAM CONCEPT
ActiveThe computed 12-month bankruptcy probability of WILLIAM CONCEPT is 1.9% (moderate). The annual accounts of WILLIAM CONCEPT for fiscal year 2024 show a net loss of 95% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-42k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 23% of 26043 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
24
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▼-61
Solvency25▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.0 in 2023; short-term debt: 96.7% and cash: 0.3% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-8.7%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-42k
2023 · €5k
2018: €8k
2019: €2k
2020: €2k
2021: €-26k
2022: €11k
2023: €5k
2018 → 2024
Working capital
€-33k
2023 · €2k
2018: €-10k
2019: €-4k
2020: €29k
2021: €53k
2022: €26k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€29k▼ 47.8%€39k▲ 37.1%€45k▲ 13.0%€2k▼ 95.0%
Operating result€82k-€-24k€16k€16k▲ 3.3%€-40k
Net result€2k-€-26k€11k€5k▼ 52.0%€-42k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €40k after €16k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €484k
Fixed assets
€49k▼ 25.0%
Current assets
€436k▼ 69.4%
Equity and liabilities €484k
Equity
€2k▼ 95.0%
Debt
€482k▼ 66.6%
The debt ratio rises from 97.0% to 99.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2023 · €36k
Cash flow
€-21k▼
2023 · €24k
Solvency
0.5%▼
2023 · 3.0%
Current ratio
0.93▼
2023 · 1.00
Quick ratio
0.93▼
2023 · 1.00
ROA
-8.7%▼
2023 · 0.3%
Interest coverage
-2.32▼
2023 · 10.52
Debt
€482k▼
2023 · €1.45M
Debt ≤ 1 year
€468k▼
2023 · €1.42M
Debt > 1 year
€14k▼
2023 · €23k
Income taxes
€705▼
2023 · €9k
Staff costs
€66k▼
2023 · €76k
A ratio outside any meaningful range has been withheld (balance sheet total €484k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.49M€484k▼
Fixed assets21/28€65k€49k▼
Tangible fixed assets22/27€64k€48k▼
Furniture and vehicles24€51k€41k▼
Other tangible fixed assets26€14k€8k▼
Financial fixed assets28€463€463=
Current assets29/58€1.43M€436k▼
Amounts receivable within one year40/41€1.41M€433k▼
Trade receivables40€1.35M€433k▼
Other amounts receivable41€56k€712▼
Cash at bank and in hand54/58€12k€1k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.49M€484k▼
Equity10/15€45k€2k▼
Contributions10/11€13k€13k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€20k€-22k▼
Amounts payable17/49€1.45M€482k▼
Amounts payable after more than one year17€23k€14k▼
Financial debts170/4€23k€14k▼
Amounts payable within one year42/48€1.42M€468k▼
Current portion of amounts payable after more than one year42€25k€9k▼
Financial debts43-€37k
Credit institutions430/8-€37k
Trade debts44€918k€229k▼
Suppliers440/4€918k€229k▼
Advances received on contracts in progress46€407k€100k▼
Taxes, remuneration and social security45€64k€40k▼
Taxes450/3€35k€25k▼
Remuneration and social security454/9€30k€15k▼
Other amounts payable47/48€9k€54k▲
Accrued charges and deferred income492/3€18-
Income statement
Code20232024
Remuneration, social security and pensions62€76k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€4k€8k▲
Gross operating margin9900€116k€56k▼
Operating profit (loss)9901€16k€-40k▼
Financial income75/76B€1k€10k▲
Recurring financial income75€1k€10k▲
Non-recurring financial income76B-€10k
Financial charges65/66B€3k€11k▲
Recurring financial charges65€3k€8k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€14k€-42k▼
Income taxes67/77€9k€705▼
Profit (loss) for the period9904€5k€-42k▼
Profit (loss) for the period to be appropriated9905€5k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-22k▼
Profit (loss) brought forward from the previous period14P€15k€20k▲
Social balance
Average headcount (FTE)90871.3-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 109 days late
2024
31-12
Financial
Weakest financial yearnet €-42k ▼926%
Net result drops to €-42k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2013
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.
Charleroise Steenweg 32/341060 Sint-Gillis (bij-Brussel)Ground area
149 m²
Building footprint
138 m²
Volume, LiDAR
2,664 m³
Parcel 21013B0040/00D022, Brussels · tallest building 25.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
WILLIAM CONCEPT
since 20132.221.444.114
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00D022 | Brussels | 149 m² | 1 · 138 m² | 25.6 m · 7 fl. |
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.
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 286 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2013
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
74104Other professional, scientific and technical activities
74130Interior design
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.