WILLIWAW

Active

Public limited companyfounded 2010active for 15 yearsBlarenberglaan 2 C, 2800 Mechelen, Belgium14 active companies are registered at this addressKBO/BCE: BE 0831.181.716

Summary

WILLIWAW has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €62,314. Equity is growing by about 34% per year across the filed financial years. Its solvency ranks better than 28% of 377 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow Report Compare

WILLIWAWActiveChecked score 82/100

Risk analysis Report Compare

Activity

Construction of utility projects for electricity and telecommunications

NACE 42220

1 site

Size

€729,370turnover 2025

Equity: €2.0m
Profit: €62,314

Financial health

82 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Structure

Parent: ENECO WIND BELGIUM · 100%

Auditor: Deloitte Bedrijfsrevisoren BVBA2025 accounts 30 days early6 of 25 deeds summarised

Why 82raises risk1 change of registered office in 24 monthsFigures for financial year 2025 (filed 01-10-2025)Liquidity: current ratio 9.01, cash €506,110lowers riskSize: turnover €729,370, total assets €8.0mShow the evidence

Checked score

Score 2025

82 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 49% of its sector peers (NACE 42, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 50-5

equity 25.3% of total assets

Liquidity 58+32

short-term debt 2.0% · cash 6.3%

Profitability 61-19

return on assets 0.8%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (301 companies, NACE 42, small)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.2%▲ +0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026highest value

Credit of up to €70,000 on 30-day terms is acceptable

Liquidity ample (current ratio 9.01, compared with 0.21 in 2024, above the usual 1.5; short-term debt: 2% and cash: 6.3% of total assets), but 74.7% of the assets are financed with debt and provisions.

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 42, small): better than 28% on solvency, 74% on liquidity, 26% on profitability and 68% on growth.

The bankruptcy probability was computed on 23-10-2026 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

Five signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Size: turnover €729,370, total assets €8.0m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 01-10-2025)

NBB · annual accounts

Liquidity: current ratio 9.01, cash €506,110

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 days early

2024

29 days early

2023

11 days early

2021

82 days early

2020

61 days early

2019

78 days early

2018

86 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 54 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 2 October (3 of the last 3 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-03-2026 year end24-10-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

05-05-2026 Registered officeRegistered-office move · Power of…
01-10-2025 Annual accounts filedfinancial year 2025 · full…
15-07-2025 Capital & shares · Purpose ·…Merger · Dissolution · Power…

Key points

Positive: Turnover rose in 2025from €325,017 to €729,370 ▲ 124% View
2 restructurings since 2025latest: merger with MALOJA NV 2 View
Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
Controlled by ENECO WIND BELGIUMultimately: Mitsubishi Corporation 100% View
Positive: 6 profitable years in a rowprofit 2025: €62,314 6 years View

By topic

Financials

Financial year: 2025
Turnover: €729,370
Profit: €62,314
Solvency: 25.3%

Turnover▲ 124%

Net result

20182025

Go to Financials

Board & ownership

Parent: ENECO WIND BELGIUM · 100%
Auditor: Deloitte Bedrijfsrevisoren BVBA

Go to Board & ownership

Network & group

Group: Mitsubishi Corporation
Mergers and asset contributions: 2

Go to Network & group

Timeline

Events: 26
Since: 2012
Next accounts: by 31-10-2026

14-04-2025Restructuring
31-03-2025Liquidity more than 42 times
31-03-2025Equity above €2m

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded: 12-11-2010
Year ends: 31-03
Peppol: No longer on Peppol

Go to Company details

Articles of association

Provisions read: 6

Annual meeting: Second Monday of September at 10:00
Purpose: “Alle mogelijke activitelten in verband met de productie van alle mogelijke vormen van…” (deed in Dutch)

Go to Articles of association

Key facts about WILLIWAW

What is the company number of WILLIWAW?: 0831.181.716. In Belgium the VAT number is the company number with BE in front: BE 0831.181.716.
Where is WILLIWAW based?: The registered office is at Blarenberglaan 2 C, 2800 Mechelen.Company details
What does WILLIWAW do?: According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of WILLIWAW?: Public limited company (NV).
When was WILLIWAW founded?: On 12-11-2010.
Is WILLIWAW still active?: Yes, WILLIWAW is an active enterprise in the KBO register.
What is the turnover of WILLIWAW?: €729,370 in financial year 2025, according to the filed annual accounts.Financials
Is WILLIWAW profitable?: In financial year 2025, WILLIWAW made a profit of €62,314.
Where can I find the annual accounts of WILLIWAW?: WILLIWAW filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WILLIWAW due?: By 31-10-2026, for financial year 2026.Timeline