WILLUNGA
ActiveSummary
WILLUNGA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-48k) and a net result of €50k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 903 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+72
Solvency21▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.06 in 2024; short-term debt: 99.2% and cash: 8.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 20% of 903 sector peers (2025).
NBB · sector comparisonPosition among 903 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
2 d early
2022
on the day
2021
31 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€50k
2024 · €-136k
2018: €-17k
2019: €-14k▲ +17.9% vs 2018
2020: €-14k▼ -1.0% vs 2019
2021: €-33k▼ -131% vs 2020
2022: €34k▲ +203% vs 2021
2023: €55k▲ +60.8% vs 2022highest in 8 years
2024: €-136k▼ -345% vs 2023lowest in 8 years
2025: €50k▲ +137% vs 2024
2018 → 2025
Working capital
€-942k▼ 0.9%
2024 · €-934k
2018: €-781k
2019: €-807k▼ -3.4% vs 2018
2020: €-748k▲ +7.4% vs 2019highest in 8 years
2021: €-797k▼ -6.6% vs 2020
2022: €-845k▼ -6.0% vs 2021
2023: €-824k▲ +2.4% vs 2022
2024: €-934k▼ -13.3% vs 2023
2025: €-942k▼ -0.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-53k-€-18k▲ 65.6%€37k€-98k€-48k▲ 51.3%
2021: €-53k
2022: €-18k▲ +65.6% vs 2021
2023: €37k▲ +306% vs 2022highest in 5 years
2024: €-98k▼ -364% vs 2023lowest in 5 years
2025: €-48k▲ +51.3% vs 2024
Operating result€-25k-€41k€64k▲ 54.8%€-127k€60k
2021: €-25k
2022: €41k▲ +263% vs 2021
2023: €64k▲ +54.8% vs 2022highest in 5 years
2024: €-127k▼ -299% vs 2023lowest in 5 years
2025: €60k▲ +147% vs 2024
Net result€-33k-€34k€55k▲ 60.8%€-136k€50k
2021: €-33k
2022: €34k▲ +203% vs 2021
2023: €55k▲ +60.8% vs 2022highest in 5 years
2024: €-136k▼ -345% vs 2023lowest in 5 years
2025: €50k▲ +137% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €60k after a loss of €127k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€951k ▲ 0.1%
Current assets
€177k ▲ 201%
Key figures and ratios
EBITDA
€92k▲
2024 · €-91k
Cash flow
€82k▲
2024 · €-100k
Solvency
-4.3%▲
2024 · -9.8%
Current ratio
0.16▲
2024 · 0.06
Debt to equity
-24.50▼
2024 · -11.25
ROA
4.5%▲
2024 · -13.5%
Interest coverage
8.30▲
2024 · -9.46
Debt
€1.18M▲
2024 · €1.11M
Debt ≤ 1 year
€1.12M▲
2024 · €993k
Debt > 1 year
€50k▼
2024 · €109k
Income taxes
€148▲
2024 · €-85
Staff costs
€55k▲
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.13M▲
Fixed assets21/28€950k€951k▲
Tangible fixed assets22/27€950k€951k▲
Land and buildings22€865k€882k▲
Plant, machinery and equipment23€39k€45k▲
Furniture and vehicles24€46k€24k▼
Current assets29/58€59k€177k▲
Amounts receivable within one year40/41€20k€55k▲
Trade receivables40€20k€48k▲
Other amounts receivable41€355€7k▲
Current investments50/53€21k€20k▼
Cash at bank and in hand54/58€13k€97k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.13M▲
Equity10/15€-98k€-48k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-119k€-68k▲
Amounts payable17/49€1.11M€1.18M▲
Amounts payable after more than one year17€109k€50k▼
Financial debts170/4€109k€50k▼
Amounts payable within one year42/48€993k€1.12M▲
Current portion of amounts payable after more than one year42€42k€43k▲
Trade debts44€27k€85k▲
Suppliers440/4€27k€85k▲
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€304€1k▲
Remuneration and social security454/9€10k€6k▼
Other amounts payable47/48€914k€983k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€432€0▼
Remuneration, social security and pensions62€51k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€31k▼
Other operating charges640/8€3k€10k▲
Non-recurring operating charges66A€3k€1k▼
Gross operating margin9900€-35k€158k▲
Operating profit (loss)9901€-127k€60k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€-136k€51k▲
Income taxes67/77€-85€148▲
Profit (loss) for the period9904€-136k€50k▲
Profit (loss) for the period to be appropriated9905€-136k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-119k€-68k▲
Profit (loss) brought forward from the previous period14P€17k€-119k▼
Social balance
Average headcount (FTE)90871.31.7▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €432 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €27k | €34k | €36k | €51k | €55k | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €33k | €34k | €36k | €31k | ▼ 12.7% |
| Other operating charges640/8 | €2k | €2k | €5k | €3k | €10k | ▲ 269% |
| Non-recurring operating charges66A | €994 | €0 | - | €3k | €1k | ▼ 57.1% |
| Gross operating margin9900 | €27k | €110k | €139k | €-35k | €158k | ▲ 559% |
| Operating profit (loss)9901 | €-25k | €41k | €64k | €-127k | €60k | ▲ 147% |
| Financial income75/76B | €623 | €999 | €714 | €1k | €1k | ▲ 31.9% |
| Recurring financial income75 | €623 | €999 | €714 | €1k | €1k | ▲ 31.9% |
| Financial charges65/66B | €9k | €8k | €9k | €10k | €11k | ▲ 14.7% |
| Recurring financial charges65 | €9k | €8k | €9k | €10k | €11k | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €-33k | €35k | €56k | €-136k | €51k | ▲ 137% |
| Income taxes67/77 | €-8 | €300 | €283 | €-85 | €148 | ▲ 273% |
| Profit (loss) for the period9904 | €-33k | €34k | €55k | €-136k | €50k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €34k | €55k | €-136k | €50k | ▲ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €981k | €1.07M | €1.15M | €1.01M | €1.13M | ▲ 11.8% |
| Fixed assets21/28 | €881k | €933k | €997k | €950k | €951k | ▲ 0.1% |
| Tangible fixed assets22/27 | €881k | €933k | €997k | €950k | €951k | ▲ 0.1% |
| Land and buildings22 | €847k | €896k | €884k | €865k | €882k | ▲ 2.0% |
| Plant, machinery and equipment23 | €27k | €33k | €47k | €39k | €45k | ▲ 17.1% |
| Furniture and vehicles24 | €1k | €4k | €65k | €46k | €24k | ▼ 48.7% |
| Leasing and similar rights25 | €6k | €0 | - | - | - | - |
| Current assets29/58 | €100k | €134k | €153k | €59k | €177k | ▲ 201% |
| Amounts receivable within one year40/41 | €114 | €1k | €36k | €20k | €55k | ▲ 178% |
| Trade receivables40 | €0 | €283 | €26k | €20k | €48k | ▲ 146% |
| Other amounts receivable41 | €114 | €950 | €10k | €355 | €7k | ▲ 1,935% |
| Current investments50/53 | €21k | €21k | €21k | €21k | €20k | ▼ 2.8% |
| Cash at bank and in hand54/58 | €55k | €94k | €87k | €13k | €97k | ▲ 668% |
| Deferred charges and accrued income490/1 | €24k | €18k | €9k | €5k | €4k | ▼ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €981k | €1.07M | €1.15M | €1.01M | €1.13M | ▲ 11.8% |
| Equity10/15 | €-53k | €-18k | €37k | €-98k | €-48k | ▲ 51.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-73k | €-39k | €17k | €-119k | €-68k | ▲ 42.4% |
| Amounts payable17/49 | €1.03M | €1.08M | €1.11M | €1.11M | €1.18M | ▲ 6.2% |
| Amounts payable after more than one year17 | €135k | €105k | €133k | €109k | €50k | ▼ 54.4% |
| Financial debts170/4 | €135k | €105k | €133k | €109k | €50k | ▼ 54.4% |
| Amounts payable within one year42/48 | €897k | €979k | €978k | €993k | €1.12M | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | €36k | €30k | €42k | €42k | €43k | ▲ 1.2% |
| Trade debts44 | €15k | €15k | €22k | €27k | €85k | ▲ 220% |
| Suppliers440/4 | €15k | €15k | €22k | €27k | €85k | ▲ 220% |
| Taxes, remuneration and social security45 | €3k | €6k | €7k | €10k | €7k | ▼ 27.3% |
| Taxes450/3 | €1k | €224 | €1k | €304 | €1k | ▲ 239% |
| Remuneration and social security454/9 | €2k | €5k | €6k | €10k | €6k | ▼ 35.7% |
| Other amounts payable47/48 | €842k | €928k | €906k | €914k | €983k | ▲ 7.6% |
| Accrued charges and deferred income492/3 | €1k | €1k | €2k | €5k | €7k | ▲ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €34k | €55k | €-136k | €50k | ▲ 137% |
| + Depreciation and write-downs630 | €22k | €33k | €34k | €36k | €31k | ▼ 12.7% |
| Operating cash flow (approximation) | €-11k | €68k | €89k | €-100k | €82k | ▲ 182% |
| Investment in fixed assets (approximation) | - | €-85k | €-98k | €11k | €-33k | ▼ 410% |
| Change in cash | - | €39k | €-7k | €-75k | €84k | ▲ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €55k ▲60.8%
Operating result €64k, net result €55k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €34k
Net result €34k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Aywaille · 1 establishment unit since 2005
Ground area
1,319 m²
Building footprint
155 m²
Volume, LiDAR
873 m³
Parcel 62098F0506/00_000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Bellinheid 12, 4920 Aywaille
since 20052.299.368.469
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62098F0506/00_000 | Wallonia | 1,319 m² | 1 · 155 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 3,875 companies in sector 93199 we hold annual accounts for 605. 454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
02200Logging
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.