Turnover
The micro format states no turnover.
The micro format states no turnover.
Debts rose by €60,174 in 2025.
In 2025, 1 person joined and 3 left.
Short-term debts rose from €66,356 to €111,629.
The 2022 accounts came latest: 427 days after the end of the period.
Higher gross margin than 82% of companies in sports and recreation. Sector median €33,908 · 2,869 companies.
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 93, micro). It does better than 44% of them on solvency, 17% on liquidity, 57% on profitability and 71% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,274 companies had the same profile as WILLOWS STABLE has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WILLOWS STABLE itself: 1.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for WILLOWS STABLE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.73 (0.23 in 2024), below 1. Short-term debt is 59% and cash 0.3% of total assets. 78.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 122 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WILLOWS STABLE Hensies | €189,327 | €132,185 | 21.8% | - |
| Régie communale autonome de Stavelot Stavelot | €190,544 | €132,546 | 49.1% | - |
| GASTRIMON BOWLING Maaseik | €222,475 | €166,508 | 9.2% | 1 |
| RITE Chapelle-lez-Herlaimont | €173,011 | €97,620 | 50.6% | - |
| DAIE'S Frameries | €182,601 | €190,780 | 17.9% | - |
| Padel & Vous Soignies | €198,980 | €87,679 | 25.5% | - |
| Régie communale autonome de Hamoir Hamoir | €190,312 | €166,374 | 55.3% | - |
These companies have the same main activity as WILLOWS STABLE: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €173,000 and €222,000, founded between 2018 and 2020.
WILLOWS STABLE files the micro format. That format states no turnover. The gross margin rose from €33,332 in 2020 to €132,185 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €220,000 and €510,000.
Higher than 45% of 2,882 companies in 2025.
Higher than 38% of 2,767 companies in 2025.
Higher than 52% of 2,791 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
189,327 | 121,785 | 110,943 | 161,951 | 150,904 | 129,622 | |
21/28 |
108,178 | 106,465 | 94,948 | 113,817 | 110,510 | 102,767 | |
22/27 |
108,058 | 106,345 | 94,828 | 113,697 | 110,390 | 102,647 | |
23 |
9,631 | 12,131 | 14,631 | 17,253 | 20,065 | 22,876 | |
24 |
98,426 | 94,214 | 80,196 | 96,444 | 90,325 | 79,770 | |
28 |
120 | 120 | 120 | 120 | 120 | 120 | |
29/58 |
81,150 | 15,320 | 15,996 | 48,134 | 40,394 | 26,855 | |
3 |
44,996 | - | - | - | - | - | |
30/36 |
44,996 | - | - | - | - | - | |
40/41 |
34,009 | 12,955 | 14,764 | 45,008 | 38,554 | 25,218 | |
40 |
30,424 | 12,955 | 14,764 | 45,007 | 38,554 | 25,218 | |
41 |
3,585 | - | - | 1 | - | - | |
54/58 |
571 | 714 | 245 | 2,126 | 1 | 233 | |
490/1 |
1,573 | 1,651 | 988 | 1,000 | 1,839 | 1,405 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
189,327 | 121,785 | 110,943 | 161,951 | 150,904 | 129,622 | |
10/15 |
41,327 | 33,958 | 12,964 | 25,899 | 25,344 | 9,599 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
13 |
19,899 | 19,899 | 19,899 | 19,899 | 19,344 | 3,599 | |
133 |
19,899 | 19,899 | 19,899 | 19,899 | 19,344 | 3,599 | |
14 |
15,428 | 8,059 | -12,936 | - | - | - | |
17/49 |
148,000 | 87,826 | 97,980 | 136,052 | 125,559 | 120,023 | |
17 |
33,582 | 19,698 | 1,573 | 20,255 | 38,574 | 56,537 | |
170/4 |
33,582 | 19,698 | 1,573 | 20,255 | 38,574 | 56,537 | |
42/48 |
111,629 | 66,356 | 96,406 | 115,797 | 86,986 | 63,347 | |
42 |
19,862 | 7,241 | 18,681 | 18,319 | 19,445 | 17,615 | |
44 |
50,907 | 31,189 | 28,384 | 23,851 | 37,069 | 24,052 | |
440/4 |
50,907 | 31,189 | 28,384 | 23,851 | 37,069 | 24,052 | |
46 |
- | 3,000 | - | - | - | - | |
45 |
24,442 | 15,279 | 14,656 | 17,658 | 11,715 | 10,317 | |
450/3 |
17,791 | 10,298 | 9,538 | 15,375 | 10,862 | 9,193 | |
454/9 |
6,651 | 4,981 | 5,118 | 2,283 | 852 | 1,124 | |
47/48 |
16,419 | 9,647 | 34,684 | 55,970 | 18,757 | 11,363 | |
492/3 |
2,789 | 1,772 | - | - | - | 139 | |
| Income statement | |||||||
9900 |
132,185 | 112,676 | 72,433 | 58,573 | 49,516 | 33,332 | |
62 |
63,856 | 50,303 | 43,393 | 17,032 | 11,166 | 10,125 | |
630 |
32,743 | 23,296 | 20,494 | 17,693 | 14,368 | 13,288 | |
640/8 |
18,701 | 9,287 | 19,737 | 405 | 437 | 1,724 | |
9901 |
16,886 | 29,790 | -11,192 | 23,443 | 23,545 | 8,195 | |
75/76B |
175 | 254 | 0 | 0 | 35 | 78 | |
75 |
175 | 254 | 0 | 0 | 35 | 78 | |
65/66B |
3,807 | 3,689 | 1,744 | 2,580 | 2,130 | 3,078 | |
65 |
3,807 | 3,689 | 1,744 | 2,580 | 2,130 | 3,078 | |
9903 |
13,254 | 26,355 | -12,936 | 20,863 | 21,449 | 5,195 | |
67/77 |
5,885 | 5,361 | - | 308 | 5,704 | 1,595 | |
9904 |
7,369 | 20,994 | -12,936 | 20,555 | 15,745 | 3,599 | |
9905 |
7,369 | 20,994 | -12,936 | 20,555 | 15,745 | 3,599 | |
| Appropriation of the result | |||||||
9906 |
15,428 | 8,059 | -12,936 | 20,555 | 15,745 | 3,599 | |
14P |
8,059 | -12,936 | - | - | - | - | |
691/2 |
- | - | - | 555 | 15,745 | 3,599 | |
6921 |
- | - | - | 555 | 15,745 | 3,599 | |
694/7 |
- | - | - | 20,000 | - | - | |
695 |
- | - | - | 20,000 | - | - | |
| Social balance sheet | |||||||
9087 |
2.5 | 2.9 | - | - | - | - | |
Hours worked1013 |
3,860 | 4,254 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00503474.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00503474 | |
| 31-12-2024 | micro format | 07-10-2025 | 2025-00538324 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00479511 | |
| 31-12-2022 | micro format | 30-09-2024 | 2024-00479508 | |
| 31-12-2021 | micro format | 22-11-2022 | 2022-20526739 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64600149 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 49,628 | 53,086 | 9,303 | 41,136 | 37,912 | 21,483 | ||
| 40,112 | 44,290 | 7,559 | 38,248 | 30,113 | 16,888 | ||
| 47,504 | 34,813 | 46,625 | 21,000 | 22,111 | 116,055 | ||
| -143 | 469 | -1,881 | 2,124 | -231 | - | ||
| -30,480 | -51,037 | -80,410 | -67,663 | -46,592 | -36,492 | ||
| 21.8% | 27.9% | 11.7% | 16.0% | 16.8% | 7.4% | ||
| 0.73 | 0.23 | 0.17 | 0.42 | 0.46 | 0.42 | ||
| 0.32 | 0.23 | 0.17 | 0.42 | 0.46 | 0.42 | ||
| 3.58 | 2.59 | 7.56 | 5.25 | 4.95 | 12.50 | ||
| 17.8% | 61.8% | -99.8% | 79.4% | 62.1% | 37.5% | ||
| 3.9% | 17.2% | -11.7% | 12.7% | 10.4% | 2.8% | ||
| 13.04 | 14.39 | 5.33 | 15.94 | 17.80 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 4 |
| full-time | 1 | 2 |
| part-time | 1 | 2 |
| in full-time equivalents | 1.5 | 3 |
| 2.5 | 2.9 | |
| On a permanent contract | 1 | 2 |
| Joined | 1 | 2 |
| Left | 3 | 1 |
| Training hours | - | 2,540 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €47,504 | €34,813 | €46,625 | €21,000 | €22,111 |
| €32,743 | €23,296 | €20,494 | €17,693 | €14,368 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 43% lower than in 2024.
Debt's share of the balance-sheet total rises from 72.1% to 78.2%. Equity and debt are higher.
WILLOWS STABLE has no parent and no holdings in its annual accounts. BOSSU François is the only director. WILLOWS STABLE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
WILLOWS STABLE was incorporated on 5 November 2019 as a private limited company.1 Since 2019, BOSSU François has served as director.2 Total assets rose from €129,622 in 2020 to €189,327 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Grande Ruelle 29 registered office 7350 Hensies | ||
| Avenue du Grand Air 26 7333 Saint-Ghislain 01430 Raising of horses and other equines | 05-11-2019 | 2.296.035.134 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53076A0606/00D000 | 3,132 m² | 1 · 299 m² | 10.3 m · 2 |
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