Equity
WILLSON paid out €37,000 in dividends. That is 98% of the 2025 profit.
WILLSON paid out €37,000 in dividends. That is 98% of the 2025 profit.
Green is investment, beige is depreciation.
Less equity than 80% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 7 in 1,000 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 43, micro). It does better than 42% of them on solvency, 67% on liquidity, 92% on profitability and 57% 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 30-06-2025.
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, 39,278 companies had the same profile as WILLSON has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WILLSON itself: 0.7% 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 39,278 companies, not a prediction for WILLSON. 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 ample, with a current ratio of 1.55 (2.26 in 2024), above the usual 1.5. Short-term debt is 60.3% and cash 65.8% of total assets. However, 60.3% 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 2 accounts on average 42 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WILLSON Theux | €36,206 | €47,734 | 39.7% | - |
| ALLECTRICS Diksmuide | €37,666 | €47,304 | 92.3% | - |
| ELECT-SA Deerlijk | €38,049 | €59,112 | 44.8% | - |
| ZNA Solutions Genk | €38,889 | €38,293 | 77.7% | - |
| Electus Heusden-Zolder | €43,503 | €41,695 | 71.1% | - |
| AKS SERVICES Overijse | €42,874 | €50,611 | 49.3% | - |
| NAUTITECH Machelen (Brab.) | €35,511 | €56,014 | 68.1% | - |
These companies have the same main activity as WILLSON: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €35,500 and €43,500, founded between 2022 and 2024.
Solvency fell in 2025 from 56.5% to 39.7% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 42% of 35,136 companies in 2025.
Higher than 42% of 34,510 companies in 2025.
Higher than 95% of 34,711 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
36,206 | 24,324 | |
21/28 |
2,309 | 401 | |
22/27 |
2,309 | 401 | |
23 |
2,008 | - | |
24 |
301 | 401 | |
29/58 |
33,898 | 23,923 | |
40/41 |
9,492 | - | |
41 |
9,492 | - | |
54/58 |
23,836 | 22,796 | |
490/1 |
569 | 1,127 | |
| Balance sheet: equity and liabilities | |||
10/49 |
36,206 | 24,324 | |
10/15 |
14,358 | 13,745 | |
10/11 |
4,000 | 4,000 | |
14 |
10,358 | 9,745 | |
17/49 |
21,849 | 10,579 | |
42/48 |
21,849 | 10,579 | |
44 |
2,043 | 2,275 | |
440/4 |
2,043 | 2,275 | |
45 |
19,805 | 8,304 | |
450/3 |
19,805 | 6,304 | |
454/9 |
- | 2,000 | |
| Income statement | |||
70 |
73,477 | 62,739 | |
9900 |
47,734 | 13,943 | |
60/61 |
25,743 | 48,795 | |
62 |
- | 0 | |
630 |
587 | 99 | |
640/8 |
292 | 486 | |
9901 |
46,855 | 13,358 | |
75/76B |
0 | - | |
75 |
0 | - | |
65/66B |
140 | 112 | |
65 |
140 | 112 | |
9903 |
46,715 | 13,246 | |
67/77 |
9,102 | 3,502 | |
9904 |
37,613 | 9,745 | |
9905 |
37,613 | 9,745 | |
| Appropriation of the result | |||
9906 |
47,358 | 9,745 | |
14P |
9,745 | - | |
694/7 |
37,000 | - | |
694 |
37,000 | - | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-12-2025.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 47,442 | 13,457 | ||
| 38,200 | 9,844 | ||
| 2,495 | 500 | ||
| 1,040 | - | ||
| 12,049 | 13,344 | ||
| 63.8% | 21.3% | ||
| 39.7% | 56.5% | ||
| 1.55 | 2.26 | ||
| 1.52 | 0.77 | ||
| 262.0% | 70.9% | ||
| 103.9% | 40.1% | ||
| over 100 | over 100 | ||
| 47 days | - | ||
| 29 days | 17 days |
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 | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €2,495 | €500 |
| €587 | €99 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3.5 times that of 2024.
Debt's share of the balance-sheet total rises from 43.5% to 60.3%. Equity and debt are higher.
WILLSON has no parent and no holdings in its annual accounts. WILLSON shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue des 600 Franchimontois 53 registered office 4910 Theux | 30-06-2023 | 2.346.847.296 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63076C0632/00B003 | 136 m² | 1 · 70 m² | 11.0 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.446.842
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