WILLY BAES & ZONEN
ActiveSummary
WILLY BAES & ZONEN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €849k and a net result of €-62k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+31
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 5.95 in 2024; short-term debt: 20.9% and cash: 8.5% of total assets), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
-5.4%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-62k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
32 d late
2023
on the day
2022
2 d late
2021
23 d early
2020
25 d late
2019
3 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€849k▼ 6.9%
2024 · €911k
2019: €365k
2020: €455k
2021: €592k
2022: €876k
2023: €990k
2024: €911k
2019 → 2025
Total assets
€1.16M▲ 0.3%
2024 · €1.16M
2019: €779k
2020: €779k
2021: €1.11M
2022: €1.56M
2023: €1.34M
2024: €1.16M
2019 → 2025
Net result
€-62k▲ 20.6%
2024 · €-79k
2019: €23k
2020: €89k
2021: €137k
2022: €284k
2023: €114k
2024: €-79k
2019 → 2025
Working capital
€722k▼ 1.4%
2024 · €732k
2019: €531k
2020: €415k
2021: €394k
2022: €623k
2023: €786k
2024: €732k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€592k-€876k▲ 47.9%€990k▲ 13.0%€911k▼ 7.9%€849k▼ 6.9%
Operating result€179k-€394k▲ 120%€154k▼ 60.9%€-74k€-66k▲ 11.6%
Net result€137k-€284k▲ 107%€114k▼ 59.8%€-79k€-62k▲ 20.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66k in 2025 against €74k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€195k ▼ 29.4%
Current assets
€964k ▲ 9.6%
Equity and liabilities €1.16M
Equity
€849k ▼ 6.9%
Debt
€310k ▲ 26.9%
Debt's share of the balance-sheet total rises from 21.1% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €18k
Cash flow
€18k▲
2024 · €14k
Current ratio
3.98▼
2024 · 5.95
Quick ratio
1.67▼
2024 · 2.70
Debt to equity
0.37▲
2024 · 0.27
ROE
-7.4%▲
2024 · -8.6%
ROA
-5.4%▲
2024 · -6.8%
Interest coverage
5.90▲
2024 · 2.42
Debt ≤ 1 year
€242k▲
2024 · €148k
Debt > 1 year
€68k▼
2024 · €96k
Income taxes
€4▲
2024 · €1
Staff costs
€274k▲
2024 · €239k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.16M▲
Fixed assets21/28€276k€195k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€270k€190k▼
Land and buildings22€21k€28k▲
Plant, machinery and equipment23€16k€10k▼
Furniture and vehicles24€218k€152k▼
Leasing and similar rights25€15k-
Financial fixed assets28€37€537▲
Current assets29/58€880k€964k▲
Stocks and contracts in progress3€480k€560k▲
Stocks30/36€300k€430k▲
Contracts in progress37€180k€130k▼
Amounts receivable within one year40/41€306k€306k=
Trade receivables40€280k€242k▼
Other amounts receivable41€25k€64k▲
Cash at bank and in hand54/58€94k€99k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.16M▲
Equity10/15€911k€849k▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€826k€764k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€818k€755k▼
Amounts payable17/49€244k€310k▲
Amounts payable after more than one year17€96k€68k▼
Financial debts170/4€96k€68k▼
Amounts payable within one year42/48€148k€242k▲
Current portion of amounts payable after more than one year42€39k€29k▼
Trade debts44€46k€134k▲
Suppliers440/4€46k€134k▲
Taxes, remuneration and social security45€20k€25k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€19k€22k▲
Other amounts payable47/48€43k€55k▲
Income statement
Code20242025
Remuneration, social security and pensions62€239k€274k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€81k▼
Other operating charges640/8€8k€8k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€265k€304k▲
Operating profit (loss)9901€-74k€-66k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€8k€3k▼
Recurring financial charges65€8k€3k▼
Profit (loss) for the period before taxes9903€-79k€-62k▲
Income taxes67/77€1€4▲
Profit (loss) for the period9904€-79k€-62k▲
Profit (loss) for the period to be appropriated9905€-79k€-62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-62k▲
Transfer from equity791/2€79k€62k▼
Social balance
Average headcount (FTE)90874.94.2▼
The notes to these accounts (14 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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 32 days late
31-03
Financial
Weakest financial yearnet €-79k ▼169%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
31-03
Financial
Highest result since 2019net €284k ▲107%
Operating result €394k, net result €284k, both a record.
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €500kEq €592k ▲30.2%
3 profitable years in a row build equity to €592k.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
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
3 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, Lochristi · 1 establishment unit since 1987
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.
Slagmanstraat 16A9080 LochristiGround area
788 m²
Building footprint
752 m²
Volume, LiDAR
4,033 m³
Parcel 44077A0938/00M000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WILLY BAES EN ZONEN NV
since 19872.029.481.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44077A0938/00M000 | Flanders | 788 m² | 1 · 752 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 44,199 EUR awarded · 44,199 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,347 EUR | 11,347 EUR |
| 2024 | 2 | 14,313 EUR | 14,313 EUR |
| 2023 | 2 | 18,539 EUR | 18,539 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1987
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.