Willusta
ActiveWillusta has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+3
Solvency23=
Growth55▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.28 in 2024; short-term debt: 2.8% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 12% of 4533 sector peers (2025).
NBB · sector comparisonPosition among 4533 sector peers
Solvency
better than 12%
← 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
45 d early
2023
54 d early
2022
33 d early
2021
53 d early
2020
60 d early
2019
65 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€107k=
2023 · €107k
2018: €78k
2019: €82k
2020: €90k
2021: €110k
2022: €119k
2023: €107k
2018 → 2024
EBIT margin
0.3%▼ 4.2pp
2023 · 4.5%
2018: 5.4%
2019: -5.1%
2020: -6.5%
2021: 14.9%
2022: 18.3%
2023: 4.5%
2018 → 2024
Net result
€10k
2024 · €-17k
2018: €-8k
2019: €-15k
2020: €-16k
2021: €1k
2022: €5k
2023: €-11k
2024: €-17k
2018 → 2025
Working capital
€-33k▼ 0.3%
2024 · €-33k
2020: €-6k
2021: €-29k
2022: €-53k
2023: €-7k
2024: €-33k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€110k-€119k▲ 8.8%€107k▼ 10.7%€107k=
Equity€-13k-€-8k▲ 39.8%€-19k▼ 146%€-36k▼ 91.1%€-26k▲ 27.0%
Operating result€16k-€22k▲ 34.0%€5k▼ 78.2%€281▼ 94.1%€15k▲ 5,137%
Net result€1k-€5k▲ 245%€-11k€-17k▼ 53.6%€10k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5,137% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€1.64M▲ 0.9%
Current assets
€13k▲ 4.4%
Key figures and ratios
EBITDA
€81k▲
2024 · €67k
Cash flow
€76k▲
2024 · €49k
Solvency
-1.6%▲
2024 · -2.2%
Current ratio
0.29▲
2024 · 0.28
Quick ratio
0.29▲
2024 · 0.28
Debt / equity
-64.57▼
2024 · -46.97
ROA
0.6%▲
2024 · -1.0%
Interest coverage
15.92▲
2024 · 3.85
Debt
€1.68M▲
2024 · €1.68M
Debt ≤ 1 year
€47k▲
2024 · €46k
Debt > 1 year
€1.62M▲
2024 · €1.61M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.64M€1.66M▲
Fixed assets21/28€1.63M€1.64M▲
Tangible fixed assets22/27€1.58M€1.54M▼
Land and buildings22€1.58M€1.54M▼
Financial fixed assets28€43k€103k▲
Current assets29/58€13k€13k▲
Amounts receivable after more than one year29€255€255=
Trade receivables290€255€255=
Cash at bank and in hand54/58€13k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.66M▲
Equity10/15€-36k€-26k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Profit (loss) carried forward14€-99k€-89k▲
Amounts payable17/49€1.68M€1.68M▲
Amounts payable after more than one year17€1.61M€1.62M▲
Financial debts170/4€276k€229k▼
Other amounts payable178/9€1.34M€1.39M▲
Amounts payable within one year42/48€46k€47k▲
Financial debts43€46k€47k▲
Credit institutions430/8€46k€47k▲
Trade debts44€12€12▲
Suppliers440/4€12€12▲
Accrued charges and deferred income492/3€17k€19k▲
Income statement
Code20242025
Turnover70€107k-
Non-recurring operating income76A€121k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€66k=
Other operating charges640/8€54k€41k▼
Gross operating margin9900€121k€122k▲
Operating profit (loss)9901€281€15k▲
Financial income75/76B€0-
Recurring financial income75€0-
Non-recurring financial income76B€0-
Financial charges65/66B€17k€5k▼
Recurring financial charges65€17k€5k▼
Profit (loss) for the period before taxes9903€-17k€10k▲
Profit (loss) for the period9904€-17k€10k▲
Profit (loss) for the period to be appropriated9905€-17k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-89k▲
Profit (loss) brought forward from the previous period14P€-82k€-99k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oostende · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prinsenlaan 488400 OostendeGround area
259 m²
Building footprint
122 m²
Volume, LiDAR
1,417 m³
Parcel 35383C0341/00G009, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WILLUSTA
since 19912.054.656.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0341/00G009 | Flanders | 259 m² | 1 · 122 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,695 companies in sector 68121 we hold annual accounts for 7,383. 1,345 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-10-1991
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.