Willems
ActiveSummary
Willems has been active since 1957 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.34M and a net result of €52k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 54% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-4
Solvency73▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity ample (current ratio 3.66 against 4.24 in 2024; short-term debt: 23.8% and cash: 7% of total assets), but 51.7% of the assets are financed with debt.
Credit advice 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 · 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
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
48.3%
Return on assets
0.4%
Age of the figures
16 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 16-12-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
21 d early
2023
30 d early
2022
30 d early
2021
51 d early
2020
35 d early
2019
33 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 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close24-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.34M▼ 0.7%
2024 · €6.39M
2019: €5.75M
2020: €6.02M
2021: €6.24M
2022: €6.38M
2023: €6.33M
2024: €6.39M
2019 → 2025
Total assets
€13.11M▲ 1.0%
2024 · €12.99M
2019: €7.14M
2020: €6.67M
2021: €7.13M
2022: €12.00M
2023: €13.57M
2024: €12.99M
2019 → 2025
Net result
€52k▼ 59.8%
2024 · €130k
2019: €269k
2020: €265k
2021: €217k
2022: €142k
2023: €27k
2024: €130k
2019 → 2025
Working capital
€8.29M▼ 5.0%
2024 · €8.72M
2019: €4.41M
2020: €4.32M
2021: €4.70M
2022: €8.68M
2023: €8.82M
2024: €8.72M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.24M-€6.38M▲ 2.3%€6.33M▼ 0.7%€6.39M▲ 0.9%€6.34M▼ 0.7%
Operating result€371k-€206k▼ 44.6%€112k▼ 45.4%€276k▲ 146%€196k▼ 29.0%
Net result€217k-€142k▼ 34.5%€27k▼ 80.8%€130k▲ 376%€52k▼ 59.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.11M
Fixed assets
€1.71M ▲ 8.1%
Current assets
€11.40M =
Equity and liabilities €13.11M
Equity
€6.34M ▼ 0.7%
Debt
€6.78M ▲ 2.6%
Debt's share of the balance-sheet total rises from 50.8% to 51.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€774k▼
2024 · €837k
Cash flow
€630k▼
2024 · €691k
Current ratio
3.66▼
2024 · 4.24
Quick ratio
2.95▼
2024 · 3.70
Debt to equity
1.07▲
2024 · 1.03
ROE
0.8%▼
2024 · 2.0%
ROA
0.4%▼
2024 · 1.0%
Interest coverage
5.23▼
2024 · 5.63
Debt ≤ 1 year
€3.12M▲
2024 · €2.69M
Debt > 1 year
€3.65M▼
2024 · €3.91M
Income taxes
€7k▲
2024 · €187
Staff costs
€2.09M▲
2024 · €1.88M
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.99M€13.11M▲
Fixed assets21/28€1.58M€1.71M▲
Tangible fixed assets22/27€1.51M€1.64M▲
Land and buildings22€194k€204k▲
Plant, machinery and equipment23€836k€846k▲
Furniture and vehicles24€434k€551k▲
Leasing and similar rights25€49k€38k▼
Financial fixed assets28€68k€70k▲
Current assets29/58€11.41M€11.40M=
Amounts receivable after more than one year29€7.05M€6.65M▼
Other amounts receivable291€7.05M€6.65M▼
Stocks and contracts in progress3€1.45M€2.20M▲
Stocks30/36€1.45M€2.20M▲
Amounts receivable within one year40/41€1.66M€1.63M▼
Trade receivables40€1.47M€670k▼
Other amounts receivable41€191k€956k▲
Cash at bank and in hand54/58€951k€924k▼
Deferred charges and accrued income490/1€296k€7k▼
Equity and liabilities
Total equity and liabilities10/49€12.99M€13.11M▲
Equity10/15€6.39M€6.34M▼
Contributions10/11€130k€130k=
Capital10€130k€130k=
Issued capital100€130k€130k=
Reserves13€6.12M€6.16M▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€1.43M€1.43M=
Distributable reserves133€4.67M€4.70M▲
Profit (loss) carried forward14€130k€52k▼
Amounts payable17/49€6.61M€6.78M▲
Amounts payable after more than one year17€3.91M€3.65M▼
Financial debts170/4€3.91M€3.65M▼
Amounts payable within one year42/48€2.69M€3.12M▲
Current portion of amounts payable after more than one year42€499k€576k▲
Financial debts43€1.25M€1.25M=
Credit institutions430/8€1.25M€1.25M=
Trade debts44€783k€1.06M▲
Suppliers440/4€783k€1.06M▲
Taxes, remuneration and social security45€158k€232k▲
Taxes450/3€3k€18k▲
Remuneration and social security454/9€154k€214k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€1.88M€2.09M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€561k€578k▲
Other operating charges640/8€52k€57k▲
Gross operating margin9900€2.77M€2.92M▲
Operating profit (loss)9901€276k€196k▼
Financial income75/76B€3k€11k▲
Recurring financial income75€3k€11k▲
Financial charges65/66B€149k€148k▼
Recurring financial charges65€149k€148k▼
Profit (loss) for the period before taxes9903€130k€59k▼
Income taxes67/77€187€7k▲
Profit (loss) for the period9904€130k€52k▼
Profit (loss) for the period to be appropriated9905€130k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€145k€183k▲
Profit (loss) brought forward from the previous period14P€15k€130k▲
Transfer from equity791/2€75k€100k▲
Transfer to equity691/2€15k€130k▲
To other reserves6921€15k€130k▲
Profit to be distributed694/7€75k€100k▲
Return on contributions (dividend)694€75k€100k▲
Social balance
Average headcount (FTE)908730.629.6▼
The notes to these accounts (13 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
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Weakest financial yearnet €27k ▼80.8%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-11
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
15 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, Vorselaar · 1 establishment unit since 1957
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.
Sassenhout 612290 VorselaarGround area
1,803 m²
Building footprint
1,112 m²
Volume, LiDAR
7,747 m³
Parcel 13044F0155/00L000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sassenhout 61, 2290 Vorselaar
since 19572.006.338.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044F0155/00L000 | Flanders | 1,803 m² | 1 · 1,112 m² | 7.8 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
2022 to 2025 · 12 entries · 76,220 EUR awarded · 76,985 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 11,159 EUR | 11,191 EUR |
| 2024 | 3 | 12,844 EUR | 14,001 EUR |
| 2023 | 3 | 28,708 EUR | 28,524 EUR |
| 2022 | 3 | 23,509 EUR | 23,269 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
Individueel Maatwerk
Recognitions · licences · registrations
Recognised contractor
12 categoriesWillems NV16787
Similar companies · same sector, comparable size
Nefab Packaging Belgium
BE 0866.855.643
Gent · Eq €6.33M
Manuchar Pulp & Paper
BE 0799.443.316
Antwerpen · Eq €6.20M
SYRUS BELGIUM
BE 0883.227.461
Antwerpen · Eq €6.61M
Adfil
BE 0726.870.587
Zele · Eq €6.66M
AVERY DENNISON BENELUX
BE 0455.645.820
Turnhout · Eq €6.98M
Of 432 companies in sector 46869 we hold annual accounts for 244. 121 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
Founded14-12-1957
Fiscal year end31-05
Activities, NACEBEL 2025
42919Civil engineering
46869Wholesale trade
42130Civil engineering
42911Civil engineering
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.