WILMAR
ActiveSummary
WILMAR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €728,158 and a net result of €48,863. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+4
Solvency60▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.08 in 2024; short-term debt: 25.6% and cash: 7.9% of total assets), and 64.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.1%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
58 d late
2022
30 d late
2021
31 d late
2020
41 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€728,158▲ 7.2%
2024 · €679,295
Total assets
€2.1m▲ 3.2%
2024 · €2.0m
Net result
€48,863
2024 · -€12,706
Working capital
€89,654▲ 144%
2024 · €36,734
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€234,354▼ 23.7%€115,869▼ 50.6%€138,818▲ 19.8%€5,361▼ 96.1%€74,692▲ 1,293%
Net result€174,501above the sector's middle half▼ 26.4%€83,120within the sector's middle half▼ 52.4%€93,502within the sector's middle half▲ 12.5%-€12,706below the sector's middle half€48,863within the sector's middle half
Equity€595,380within the sector's middle half▲ 4.3%€598,500within the sector's middle half▲ 0.5%€692,001within the sector's middle half▲ 15.6%€679,295within the sector's middle half▼ 1.8%€728,158above the sector's middle half▲ 7.2%
Total assets€1.5mwithin the sector's middle half▲ 16.6%€1.4mwithin the sector's middle half▼ 7.4%€1.3mwithin the sector's middle half▼ 6.1%€2.0mabove the sector's middle half▲ 56.8%€2.1mabove the sector's middle half▲ 3.2%
Debt€878,638▲ 26.7%€765,762▼ 12.8%€588,728▼ 23.1%€1.3m▲ 126%€1.3m▲ 1.2%
Working capital€52,649-€925€58,303€36,734▼ 37.0%€89,654▲ 144%
Solvency40.4%within the sector's middle half▼ 4.8pp43.9%within the sector's middle half▲ 3.5pp54.0%within the sector's middle half▲ 10.2pp33.8%within the sector's middle half▼ 20.2pp35.1%within the sector's middle half▲ 1.3pp
Staff (FTE)6.2within the sector's middle half▲ 40.9%8above the sector's middle half▲ 29.0%7.1within the sector's middle half▼ 11.3%7.7above the sector's middle half▲ 8.5%8.2above the sector's middle half▲ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,293% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.4m ▼ 3.3%
Current assets
€621,017 ▲ 23.5%
Equity and liabilities €2.1m
Equity
€728,158 ▲ 7.2%
Debt
€1.3m ▲ 1.2%
Debt's share of the balance-sheet total falls from 66.2% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€242,888▲
2024 · €109,060
Cash flow
€217,059▲
2024 · €90,993
Current ratio
1.17▲
2024 · 1.08
Quick ratio
0.78▲
2024 · 0.64
Debt to equity
1.85▼
2024 · 1.96
ROE
6.7%▲
2024 · -1.9%
ROA
2.4%▲
2024 · -0.6%
Interest coverage
9.39▲
2024 · 6.06
Debt ≤ 1 year
€531,363▲
2024 · €465,961
Debt > 1 year
€812,214▼
2024 · €862,310
Income taxes
€133▼
2024 · €451
Staff costs
€248,097▲
2024 · €244,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €170,442 | €216,739 | €215,746 | €244,605 | €248,097 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,468 | €94,751 | €102,320 | €103,699 | €168,196 | ▲ 62.2% |
| Other operating charges640/8 | €11,816 | €11,006 | €12,192 | €19,272 | €12,209 | ▼ 36.6% |
| Gross operating margin9900 | €484,080 | €438,366 | €469,076 | €372,937 | €503,194 | ▲ 34.9% |
| Operating profit (loss)9901 | €234,354 | €115,869 | €138,818 | €5,361 | €74,692 | ▲ 1,293% |
| Financial income75/76B | €6,181 | €5,840 | €5,290 | €376 | €172 | ▼ 54.3% |
| Recurring financial income75 | €6,181 | €5,840 | €5,290 | €376 | €172 | ▼ 54.3% |
| Financial charges65/66B | €16,272 | €17,541 | €16,319 | €17,993 | €25,868 | ▲ 43.8% |
| Recurring financial charges65 | €16,272 | €17,541 | €16,319 | €17,993 | €25,868 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | €224,263 | €104,168 | €127,789 | -€12,255 | €48,995 | ▲ 500% |
| Income taxes67/77 | €49,762 | €21,048 | €34,287 | €451 | €133 | ▼ 70.6% |
| Profit (loss) for the period9904 | €174,501 | €83,120 | €93,502 | -€12,706 | €48,863 | ▲ 485% |
| Profit (loss) for the period to be appropriated9905 | €174,501 | €83,120 | €93,502 | -€12,706 | €48,863 | ▲ 485% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.3m | €2.0m | €2.1m | ▲ 3.2% |
| Formation expenses20 | - | - | - | €28,100 | €22,352 | ▼ 20.5% |
| Fixed assets21/28 | €796,332 | €831,553 | €762,083 | €1.5m | €1.4m | ▼ 3.3% |
| Tangible fixed assets22/27 | €794,799 | €830,321 | €761,196 | €1.5m | €1.4m | ▼ 3.3% |
| Land and buildings22 | €459,779 | €457,159 | €453,711 | €800,422 | €786,485 | ▼ 1.7% |
| Plant, machinery and equipment23 | €303,752 | €325,899 | €282,922 | €657,713 | €630,311 | ▼ 4.2% |
| Furniture and vehicles24 | €31,269 | €47,262 | €24,563 | €17,498 | €10,433 | ▼ 40.4% |
| Financial fixed assets28 | €1,533 | €1,233 | €887 | €1,137 | €1,137 | = |
| Current assets29/58 | €677,686 | €532,708 | €518,647 | €502,695 | €621,017 | ▲ 23.5% |
| Amounts receivable after more than one year29 | €100,000 | €70,000 | €20,000 | €20,000 | - | - |
| Other amounts receivable291 | €100,000 | €70,000 | €20,000 | €20,000 | - | - |
| Stocks and contracts in progress3 | €185,480 | €206,868 | €204,804 | €202,709 | €204,736 | ▲ 1.0% |
| Stocks30/36 | €185,480 | €206,868 | €204,804 | €202,709 | €204,736 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €54,204 | €98,226 | €138,947 | €193,830 | €252,347 | ▲ 30.2% |
| Trade receivables40 | €45,396 | €66,415 | €118,998 | €78,567 | €71,240 | ▼ 9.3% |
| Other amounts receivable41 | €8,808 | €31,810 | €19,949 | €115,263 | €181,107 | ▲ 57.1% |
| Cash at bank and in hand54/58 | €337,100 | €153,745 | €153,403 | €85,057 | €163,234 | ▲ 91.9% |
| Deferred charges and accrued income490/1 | €903 | €3,870 | €1,493 | €1,100 | €700 | ▼ 36.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.3m | €2.0m | €2.1m | ▲ 3.2% |
| Equity10/15 | €595,380 | €598,500 | €692,001 | €679,295 | €728,158 | ▲ 7.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €575,380 | €578,500 | €672,001 | €672,001 | €708,158 | ▲ 5.4% |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves not available under the articles1311 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Distributable reserves133 | €550,380 | €553,500 | €647,001 | €647,001 | €683,158 | ▲ 5.6% |
| Profit (loss) carried forward14 | - | - | - | -€12,706 | - | - |
| Amounts payable17/49 | €878,638 | €765,762 | €588,728 | €1.3m | €1.3m | ▲ 1.2% |
| Amounts payable after more than one year17 | €253,601 | €232,128 | €128,384 | €862,310 | €812,214 | ▼ 5.8% |
| Financial debts170/4 | €253,601 | €232,128 | €128,384 | €608,712 | €543,178 | ▼ 10.8% |
| Trade debts175 | - | - | - | €253,598 | €269,036 | ▲ 6.1% |
| Amounts payable within one year42/48 | €625,037 | €533,634 | €460,344 | €465,961 | €531,363 | ▲ 14.0% |
| Current portion of amounts payable after more than one year42 | €64,634 | €63,114 | €53,744 | €71,347 | €71,734 | ▲ 0.5% |
| Trade debts44 | €120,261 | €184,811 | €164,224 | €98,134 | €103,426 | ▲ 5.4% |
| Suppliers440/4 | €120,261 | €184,811 | €164,224 | €98,134 | €103,426 | ▲ 5.4% |
| Taxes, remuneration and social security45 | €59,665 | €42,699 | €50,243 | €62,098 | €58,059 | ▼ 6.5% |
| Taxes450/3 | €19,245 | €101 | €56 | - | €133 | - |
| Remuneration and social security454/9 | €40,420 | €42,598 | €50,187 | €62,098 | €57,926 | ▼ 6.7% |
| Other amounts payable47/48 | €380,477 | €243,009 | €192,133 | €234,382 | €298,144 | ▲ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €174,501 | €83,120 | €93,502 | -€12,706 | €48,863 | ▲ 485% |
| + Depreciation and write-downs630 | €67,468 | €94,751 | €102,320 | €103,699 | €168,196 | ▲ 62.2% |
| Operating cash flow (approximation) | €241,969 | €177,871 | €195,822 | €90,993 | €217,059 | ▲ 139% |
| Investment in fixed assets (approximation) | - | -€129,972 | -€32,849 | -€818,387 | -€119,792 | ▲ 85.4% |
| Change in cash | - | -€183,355 | -€342 | -€68,346 | €78,178 | ▲ 214% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €48,863
Net result €48,863 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€12,706
Net result drops to -€12,706, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 41 days late
2020
31-12
Financial
Highest result since 2018net €236,997 ▲106%
Operating result €307,336, net result €236,997, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
31-12
Financial
Equity above €500,000Eq €548,882 ▲23.2%
2 profitable years in a row build equity to €548,882.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Essen · 1 establishment unit since 1990
Ground area
1,824 m²
Building footprint
1,125 m²
Volume, LiDAR
5,744 m³
Parcel 11642C0520/00W000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPAR
since 19902.050.046.993
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642C0520/00W000 | Flanders | 1,824 m² | 1 · 1,125 m² | 8.5 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VCS Holding
- WILMAR
Highest known parent: VCS Holding. The sources do not say who stands above it.
Owners 1
- VCS Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyEssen2.050.046.993
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 2,649 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 (pre-2019)
Founded09-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441466301
Also
9925:BE0441466301
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.