WILLOU
ActiveFrom the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette
The file of WILLOU contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 7.0% (elevated). The 2025 annual accounts show negative equity (-€52,411) and a net result of -€5,340. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 10% of 13,692 sector peers (NACE 46, financial year 2025).
Overview
Official details
KBO- Status
- Active since 19-10-1999 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue Saint-Paul 6, 4000 Liège
- Activity
- Wholesale of clothing, excluding workwear and underwear NACE 46423and 1 other
- Establishment units
- 2.170.111.417 4000 Liège, since 01-07-2007
- 2.342.495.065 4130 Esneux, since 01-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-05-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 7.0%
- Gross margin
- €69,686
- ▼ 66.9%
- Turnover
- ≈ €270,000
- estimated
- Loss
- €5,340
- Equity
- -€52,411
- ▼ 11.3%
- Total assets
- €89,621
- ▼ 30.1%
- Staff
- 3 FTE
- =
Why 33raises riskJudicial reorganisation on record (2 publications, latest 23-10-2015)Last filed accounts filed 83 days late; 2 of the last 3 latelowers riskSize: total assets €89,621Founded in 1999Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro): better than 6% on solvency, 7% on liquidity, 21% on profitability and 25% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 51 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (83 days) Filed on 22 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00571324.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 22-10-2026
- Format
- micro format
- Reference
- 2026-00571324
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 99% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,796 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90.4% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 7.0% 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 497,445 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% | 0.9% |
| 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 74.5% 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 2,796 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €16,936 | €22,269 | €37,723 | €51,522 | €61,336 | ▲ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,175 | €7,915 | €7,030 | €7,030 | €495 | €2,126 | €3,619 | €3,251 | ▼ 10.2% |
| Other operating charges640/8 | - | - | - | €320 | €1,242 | €439 | €4,013 | €3,046 | ▼ 24.1% |
| Gross operating margin9900 | €52,678 | €76,638 | €85,786 | €37,048 | €134,737 | €83,111 | €210,471 | €69,686 | ▼ 66.9% |
| Operating profit (loss)9901 | €10,541 | €35,460 | €52,834 | €12,763 | €110,731 | €42,822 | €151,316 | €2,053 | ▼ 98.6% |
| Financial income75/76B | - | - | - | €1 | €1 | €138 | €129 | €193 | ▲ 49.6% |
| Recurring financial income75 | €93 | €62 | €6 | €1 | €1 | €138 | €129 | €193 | ▲ 49.6% |
| Financial charges65/66B | - | - | - | €5,172 | €20,169 | €7,242 | €5,861 | €6,833 | ▲ 16.6% |
| Recurring financial charges65 | €12,047 | €11,523 | €4,167 | €5,172 | €20,169 | €7,242 | €5,861 | €6,833 | ▲ 16.6% |
| Profit (loss) for the period before taxes9903 | -€1,413 | €23,998 | €48,673 | €7,592 | €90,562 | €35,718 | €145,585 | -€4,586 | - |
| Income taxes67/77 | €441 | €271 | €425 | €213 | €185 | €172 | €564 | €754 | ▲ 33.7% |
| Profit (loss) for the period9904 | -€1,854 | €23,727 | €48,248 | €7,379 | €90,378 | €35,546 | €145,021 | -€5,340 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,854 | €23,727 | €48,248 | €7,379 | €90,378 | €35,546 | €145,021 | -€5,340 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €61,445 | €41,250 | €55,993 | €49,685 | €61,356 | €55,547 | €128,228 | €89,621 | ▼ 30.1% |
| Formation expenses20 | €2,438 | €2,032 | €1,625 | €1,219 | €813 | €406 | - | - | - |
| Fixed assets21/28 | €20,783 | €13,274 | €6,650 | €27 | €266 | €14,198 | €10,985 | €8,547 | ▼ 22.2% |
| Tangible fixed assets22/27 | €20,783 | €13,274 | €6,650 | €27 | €266 | €14,198 | €10,985 | €8,547 | ▼ 22.2% |
| Plant, machinery and equipment23 | - | - | - | €0 | €266 | €8,199 | €6,322 | €4,777 | ▼ 24.4% |
| Furniture and vehicles24 | - | - | - | €27 | €0 | €2,541 | €1,977 | €1,856 | ▼ 6.1% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | €3,458 | €2,686 | €1,914 | ▼ 28.7% |
| Current assets29/58 | €38,224 | €25,944 | €47,717 | €48,439 | €60,278 | €40,943 | €117,243 | €81,074 | ▼ 30.8% |
| Stocks and contracts in progress3 | €33,541 | €25,944 | €47,677 | €47,245 | €45,135 | €26,677 | €69,587 | €50,961 | ▼ 26.8% |
| Stocks30/36 | - | - | - | €47,245 | €45,135 | €26,677 | €69,587 | €50,961 | ▼ 26.8% |
| Amounts receivable within one year40/41 | €0 | €0 | €0 | €0 | €12,759 | €10,800 | €43,326 | €27,343 | ▼ 36.9% |
| Trade receivables40 | - | - | - | - | €12,759 | €10,800 | €43,326 | €25,955 | ▼ 40.1% |
| Other amounts receivable41 | - | - | - | €0 | - | €0 | - | €1,388 | - |
| Cash at bank and in hand54/58 | €1,664 | - | - | €1,153 | €2,344 | €3,421 | €4,283 | €2,596 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | - | - | - | €41 | €40 | €45 | €48 | €174 | ▲ 265% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €61,445 | €41,250 | €55,993 | €49,685 | €61,356 | €55,547 | €128,228 | €89,621 | ▼ 30.1% |
| Equity10/15 | -€397,370 | -€373,643 | -€325,395 | -€318,016 | -€227,638 | -€192,092 | -€47,071 | -€52,411 | ▼ 11.3% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€417,822 | -€394,095 | -€345,847 | -€338,468 | -€248,090 | -€212,544 | -€67,523 | -€72,863 | ▼ 7.9% |
| Amounts payable17/49 | €458,814 | €414,892 | €381,388 | €367,701 | €288,994 | €247,639 | €175,299 | €142,032 | ▼ 19.0% |
| Amounts payable after more than one year17 | €166,513 | €137,040 | €137,040 | €81,502 | €63,645 | €27,650 | - | - | - |
| Financial debts170/4 | - | - | - | €81,502 | €63,645 | €27,650 | - | - | - |
| Amounts payable within one year42/48 | €291,037 | €276,613 | €244,348 | €286,043 | €225,350 | €219,989 | €171,381 | €141,709 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €64,210 | €35,023 | €35,995 | €27,650 | - | - |
| Financial debts43 | - | - | - | €41,402 | €35,482 | €8,163 | €20,893 | €38,287 | ▲ 83.3% |
| Credit institutions430/8 | - | - | - | €41,402 | €35,482 | €8,163 | €20,893 | €38,287 | ▲ 83.3% |
| Trade debts44 | €29,045 | €28,243 | €36,876 | €37,860 | €25,650 | €38,038 | €15,075 | €32,285 | ▲ 114% |
| Suppliers440/4 | - | - | - | €37,860 | €25,650 | €38,038 | €15,075 | €32,285 | ▲ 114% |
| Taxes, remuneration and social security45 | - | - | - | €28,232 | €26,563 | €30,042 | €37,408 | €27,344 | ▼ 26.9% |
| Taxes450/3 | - | - | - | €16,166 | €21,899 | €21,353 | €22,949 | €5,584 | ▼ 75.7% |
| Remuneration and social security454/9 | - | - | - | €12,065 | €4,664 | €8,689 | €14,459 | €21,759 | ▲ 50.5% |
| Other amounts payable47/48 | - | - | - | €114,339 | €102,631 | €107,751 | €70,355 | €43,793 | ▼ 37.8% |
| Accrued charges and deferred income492/3 | - | - | - | €156 | €0 | €0 | €3,918 | €323 | ▼ 91.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,854 | €23,727 | €48,248 | €7,379 | €90,378 | €35,546 | €145,021 | -€5,340 | - |
| + Depreciation and write-downs630 | €8,175 | €7,915 | €7,030 | €7,030 | €495 | €2,126 | €3,619 | €3,251 | ▼ 10.2% |
| Operating cash flow (approximation) | €6,320 | €31,642 | €55,278 | €14,409 | €90,873 | €37,672 | €148,639 | -€2,089 | - |
| Investment in fixed assets (approximation) | - | -€406 | -€406 | -€406 | -€734 | -€16,058 | -€406 | -€812 | ▼ 99.9% |
| Change in cash | - | - | - | - | €1,191 | €1,077 | €862 | -€1,687 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-10-2026 | 2026-00571324 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00428850 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00499587 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00312050 | |
| 31-12-2021 | micro format | 08-10-2022 | 2022-20459853 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-53500591 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66500230 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51300114 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36600429 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56300131 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Yves BARSIN |
|
| Brigitte BERTRAND |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d’administration”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, si aucun autre liquidateur désigné”
Articles of association, deed of 02-01-2024 (in French)
Owners and capital
Capital and shareholders
- 02-01-2024 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Admission à l'assemblée générale, procuration écrite par tout moyen de transmission”Other provision: “Écrite par tout moyen à toute personne actionnaire ou non;valable assemblées suivantes mêmes points sauf cession notifiée, Délibérations”Other provision: “Répartition–réserves, assemblée générale”Other provision: “Paiement de dividendes–acomptes, articles 5:141,5:142 et 5:143 du Code des sociétés et des associations”
Articles of association, deed of 02-01-2024 (in French)
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
02-01
Gazette deed
Resignations: Brigitte BERTRAND (manager) and Yves BARSIN (manager)Appointments: Brigitte BERTRAND (director) and Yves BARSIN (director) · Amendment of the articles · Capital conversion14 facts ▸
- General meeting, 14-12-2023
- Amendment of the articles
- Capital conversion, “comptes de capitaux propres statutairement indisponibles” (deed in French)
- Amendment of the articles, 3
- Capital
- Director resignation, Brigitte BERTRAND (manager (not named in the articles))
- Director resignation, Yves BARSIN (manager (not named in the articles))
- Director appointment, Brigitte BERTRAND (director (not named in the articles))
- Director appointment, Yves BARSIN (director (not named in the articles))
- Director discharge, Brigitte BERTRAND
- Director discharge, Yves BARSIN
- Registered office clause, “Liège, Rue Saint-Paul,6” (deed in French)
- +2 further facts in this act
28-11
Gazette deed
Appointment: Yves Barsin (director)3 facts ▸
- General meeting, 04-11-2022
- Director appointment, Yves Barsin (director)
- Other provision, “Deuxième résolution, Divers” (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WILLOU
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of June at 12:00
Articles of association, deed of 02-01-2024 (in French)
Sites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62803A1535/00G000 ProtectedMonument · Site or landscapeFaçade et toiture de la maison sise derrière le n° 6 de la rue Saint-PaulSource ↗ |
Wallonia | 404 m² | 1 · 228 m² | 15.0 m · 2 |
| 62101D0111/00K002 | Wallonia | 349 m² | 1 · 73 m² | - |
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.