Equity
€4.6m ▲ 22.7%
WILLY NAESSENS CONSTRUCT has made a profit without a break since 2016.
WILLY NAESSENS CONSTRUCT
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €21.5m (2022)
€20.5m▲ 11.2%
lowest -€876,771 (2014)
€857,172▲ 28.2%
peak €4.6m (2025)
€4.6m▲ 22.7%
€11.1m▼ 1.7%
peak 95.3 FTE (2006)
36.4 FTE▼ 10.8%
Board11 names since 2020
3 directorsDEROOSE PROJECTS and 2 others
Owners3 names in the annual accounts
100%WILLY NAESSENS CONCRETE and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Result from €668,836 to €857,172Staff from 40.8 FTE to 36.4 FTENew director 05-08Equity from €3.8m to €4.6m
Key points
from the 2025 annual accountsDebts
€11.1m 71% of the balance sheet
Financial debts 18%Suppliers 44%Taxes and wages 3%Other 34%
€2.2m of the debts are secured on the company's own assets.
Investments
€1.2m 1.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 29.1% higher than in 2024.
Staff
36.4 FTE from 95.3 in 2006
Between 2006 and 2025, 62% of the full-time equivalents disappeared.
Filings
36 annual accounts since 1990
The 2020 accounts came 77 days late. The other nine of the last ten were filed on time.
Board
1 joined
New director. Latest change 30-06-2026 · 3 in office.
Checked score
87
Excellent
Financially stronger than 48% of small companies in basic metals (NACE 24)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 74 companies (NACE 24, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.5 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of basic metals (NACE 24)
Liquidity: current ratio 1.85, cash €380,242
lowers risk
Founded in 1989
Profit of €857,172 (financial year 2025)
Calculation
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 24, small). It does better than 24% of them on solvency, 35% on liquidity, 54% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as WILLY NAESSENS CONSTRUCT has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of WILLY NAESSENS CONSTRUCT itself: 0.2% within 12 months.
Test of the method
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 2,613 companies, not a prediction for WILLY NAESSENS CONSTRUCT. 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.
Credit verdict
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.85 (2.05 in 2024), above the usual 1.5. Short-term debt is 35.2% and cash 2.4% of total assets. However, 70.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
27 days early
2023
7 days early
2022
34 days early
2021
17 days early
2020
77 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 24), the median for financial year 2024 was 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
I
INGELBEEN
Director, Dennis Ingelbeen, since 07-06-2025
- WILLY NAESSENS CONCRETE 100%equity €82.4m (2025) · 2025 annual accounts of WILLY NAESSENS CONCRETE
Shares in 1 company, Feromet M SRL
Board & ownershipRecent changes
1 director appointed, 1 statutory auditor reappointed
Reappointment: BV A&C - Bedrijfsrevisor (statutory auditor) · Permanent representatives: Bert De Clercq and Dennis Ingelbeen · Appointment: Stefan Van Ooteghem (day-to-day manager) · General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439268557
New director
INGELBEEN appointed, Koutermolen resigned · Permanent representative: Dennis Ingelbeen · Director discharge: Koutermolen · General meeting of 07-06-2025 · Gazette deed
5 directors appointed, 3 resignations
Resignations: NAESSENS Willy Mathijs A, NAESSENS Veerle Francisca M and NAESSENS Sem Martin C · Appointments: NAESSENS Veerle Francisca M, NAESSENS Sem Martin C, VAN HAUTEGEM Filip André M, KOUTERMOLEN and DEROOSE PROJECTS · Permanent representatives: NAESSENS Willy Mathijs A and DEROOSE Dirk Rafaël · General meeting of 09-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WILLY NAESSENS CONSTRUCT Oudenaarde | €20.5m | 6.4% | 29.5% | 36.4 |
| VDL De Meeuw Willebroek | €21.7m | 4.8% | 56.4% | 63.9 |
| VAN BEVEREN Nivelles | €13.9m | 2.4% | 66.8% | 27.2 |
| GRADA INTERNATIONAL Lokeren | €12.0m | 9.2% | 38.9% | 74.6 |
| ALINCO Sint-Niklaas | €12.6m | 5.4% | 26.3% | 62.6 |
| TRELLEBORG SEALING SOLUTIONS BELGIUM Chaumont-Gistoux | €17.8m | 12.6% | 37.9% | 16.5 |
| Dovre Ravels | €17.7m | -12.5% | 41.3% | 105.4 |
Grey: the largest companies of the sector (basic metals (NACE 24)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as WILLY NAESSENS CONSTRUCT: manufacture of basic metals (NACE 24100). They are comparable in size and age: total assets between €5.5m and €36m, founded between 1978 and 1992.
Official details
Source: KBO- Status
- Active since 22-12-1989Normal situation
- Activity
- Manufacture of basic metalsNACE 24100and 3 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.047.106.9059700 Oudenaarde, since 12-01-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €15.7m▲ 4.5%
- Employeeson 31-12-2025
- 35▼ 12.5%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to WILLY NAESSENS CONSTRUCT
Parent and group
Insights on WILLY NAESSENS CONSTRUCT
WILLY NAESSENS CONSTRUCT has existed since 1989. Turnover grew from €12.8m in 2006 to €20.5m in 2025, while staff fell from 95.3 to 36.4 full-time equivalents.
WILLY NAESSENS CONCRETE holds all the shares. In December 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WILLY NAESSENS CONSTRUCT
- What is the company number of WILLY NAESSENS CONSTRUCT?
- The company number of WILLY NAESSENS CONSTRUCT is 0439.268.557. The VAT number is the same number with BE in front: BE 0439.268.557.
- Where is WILLY NAESSENS CONSTRUCT based?
- The registered office is at Bedrijvenpark 'Coupure' 15-17, 9700 Oudenaarde.Company details
- What does WILLY NAESSENS CONSTRUCT do?
- According to the KBO register, the main activity is manufacture of basic metals (NACE 24100).
- What is the legal form of WILLY NAESSENS CONSTRUCT?
- WILLY NAESSENS CONSTRUCT is a public limited company (NV).
- When was WILLY NAESSENS CONSTRUCT founded?
- WILLY NAESSENS CONSTRUCT was founded on 22-12-1989.
- Is WILLY NAESSENS CONSTRUCT still active?
- Yes, WILLY NAESSENS CONSTRUCT is an active enterprise in the KBO register.
- How many employees does WILLY NAESSENS CONSTRUCT have?
- WILLY NAESSENS CONSTRUCT had an average of 36.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WILLY NAESSENS CONSTRUCT fall under?
- In its 2025 annual accounts, WILLY NAESSENS CONSTRUCT states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of WILLY NAESSENS CONSTRUCT?
- The turnover of WILLY NAESSENS CONSTRUCT was €20.5m in financial year 2025, according to the filed annual accounts.
- Is WILLY NAESSENS CONSTRUCT profitable?
- In financial year 2025, WILLY NAESSENS CONSTRUCT made a profit of €857,172.
- Where can I find the annual accounts of WILLY NAESSENS CONSTRUCT?
- WILLY NAESSENS CONSTRUCT filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WILLY NAESSENS CONSTRUCT due?
- WILLY NAESSENS CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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