WILLEMS-GILIS
ActiveSummary
The computed 12-month bankruptcy probability of WILLEMS-GILIS is 2.0% (moderate). The 2024 annual accounts show equity of €27k and a net result of €-6k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 18941 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▲+1
Solvency32▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.2 against 0.11 in 2023; short-term debt: 47.8% and cash: 4.1% of total assets), and 93.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
6.9%
Return on assets
-1.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-6k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-01-2026, 159 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
159 d late
2023
153 d late
2022
324 d late
2021
99 d late
2020
92 d late
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▼ 18.9%
2023 · €33k
2018: €32k
2019: €34k
2020: €47k
2021: €48k
2022: €41k
2023: €33k
2018 → 2024
Total assets
€382k▼ 1.3%
2023 · €387k
2018: €41k
2019: €48k
2020: €321k
2021: €322k
2022: €405k
2023: €387k
2018 → 2024
Net result
€-6k▲ 28.3%
2023 · €-9k
2018: €5k
2019: €2k
2020: €13k
2021: €666
2022: €-7k
2023: €-9k
2018 → 2024
Working capital
€-147k▲ 0.2%
2023 · €-147k
2018: €21k
2019: €26k
2020: €24k
2021: €-5k
2022: €-145k
2023: €-147k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€48k▲ 1.4%€41k▼ 14.0%€33k▼ 20.8%€27k▼ 18.9%
Operating result€14k-€4k▼ 70.1%€-3k€-5k▼ 65.1%€-3k▲ 48.0%
Net result€13k-€666▼ 95.0%€-7k€-9k▼ 28.5%€-6k▲ 28.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €5k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €382k
Fixed assets
€347k ▼ 6.1%
Current assets
€36k ▲ 95.3%
Equity and liabilities €382k
Equity
€27k ▼ 18.9%
Debt
€356k ▲ 0.3%
Debt's share of the balance-sheet total rises from 91.6% to 93.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31k▲
2023 · €26k
Cash flow
€28k▲
2023 · €23k
Current ratio
0.20▲
2023 · 0.11
Quick ratio
0.16▲
2023 · 0.07
Debt to equity
13.42▲
2023 · 10.85
ROE
-23.2%▲
2023 · -26.3%
ROA
-1.6%▲
2023 · -2.2%
Interest coverage
9.71▲
2023 · 7.82
Debt ≤ 1 year
€183k▲
2023 · €166k
Debt > 1 year
€173k▼
2023 · €189k
Income taxes
€319▲
2023 · €170
Staff costs
€15k▼
2023 · €21k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€387k€382k▼
Fixed assets21/28€369k€347k▼
Tangible fixed assets22/27€369k€347k▼
Land and buildings22€333k€318k▼
Plant, machinery and equipment23€23k€17k▼
Furniture and vehicles24€13k€12k▼
Current assets29/58€18k€36k▲
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€8k€13k▲
Trade receivables40€1k€7k▲
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€4k€16k▲
Equity and liabilities
Total equity and liabilities10/49€387k€382k▼
Equity10/15€33k€27k▼
Contributions10/11€19k€19k=
Reserves13€29k€29k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€-15k€-21k▼
Amounts payable17/49€354k€356k▲
Amounts payable after more than one year17€189k€173k▼
Financial debts170/4€189k€173k▼
Amounts payable within one year42/48€166k€183k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€21k€7k▼
Suppliers440/4€21k€7k▼
Taxes, remuneration and social security45€793€3k▲
Taxes450/3€170€319▲
Remuneration and social security454/9€623€2k▲
Other amounts payable47/48€128k€158k▲
Income statement
Code20232024
Non-recurring operating income76A-€4
Remuneration, social security and pensions62€21k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€34k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€50
Gross operating margin9900€50k€48k▼
Operating profit (loss)9901€-5k€-3k▲
Financial income75/76B€9€2▼
Recurring financial income75€9€2▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-8k€-6k▲
Income taxes67/77€170€319▲
Profit (loss) for the period9904€-9k€-6k▲
Profit (loss) for the period to be appropriated9905€-9k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-21k▼
Profit (loss) brought forward from the previous period14P€-7k€-15k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 159 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 324 days late
2023
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Highest result since 2018net €13k ▲722%
Operating result €14k, net result €13k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 329 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 694 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Linter · 1 establishment unit since 2011
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.
Pelsstraat(DRL) 23350 LinterGround area
1,996 m²
Building footprint
424 m²
Volume, LiDAR
2,418 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
'T Smulhuisje
since 20112.198.210.139
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24022C0217/00R000 | Flanders | 1,402 m² | 1 · 203 m² | 8.5 m · 2 fl. |
| 24022D0034/00S000 | Flanders | 593 m² | 1 · 221 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLinter2.198.210.139
Similar companies · same sector, comparable size
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MINARS
BE 0666.497.193
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L'orchidée rose
BE 0435.970.953
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SNACK DE L'ESPENNE
BE 0562.868.729
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MARMARIS
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Mouscron · Eq €26,553
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,320 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 formPrivate limited company (pre-2019)
Founded13-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
46150Agents in the wholesale of furniture, household goods and hardware
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.