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WILLEBROEK LOGISTICS PLATFORM

Active
Limited partnershipfounded 200422 yrs activeTerhulpsesteenweg 166, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0864.976.516
Summary

The computed 12-month bankruptcy probability of WILLEBROEK LOGISTICS PLATFORM is 2.3% (moderate). The 2024 annual accounts show negative equity (-€640,027) and a net result of -€4.2m. Equity is shrinking by ~25% per year across the filed fiscal years. Its solvency ranks better than 12% of 9734 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
WILLEBROEK LOGISTICS PLATFORMActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203NACE 70203
#8 company by total assets in Watermaal-Bosvoorde, Real estate sector1 site
Size
€24.3mtotal assets 2024
Equity
-€640,027
Loss
-€4.2m
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2024
Bankruptcy chance 12 m
2.3%
Structure
Parent
Iris Pledgeco S.a.r.l.
Board
2 members
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts 67 d overdue
Why 50- Liquidity: current ratio 0.39- 1 change of registered office in 24 months- Figures for FY 2024 (filed 27-02-2025)+ Legal form Limited partnershipShow the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 4% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 22-15
equity -2.6% of total assets
Liquidity 0-100
short-term debt 94.5%
Profitability 6-9
return on assets -17.1%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,717 companies)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● 0.0% vs 11-2024lowest value 01-2025: 0.3%● 0.0% vs 12-2024lowest value 02-2025: 0.3%● 0.0% vs 01-2025lowest value 03-2025: 0.9%▲ +170% vs 02-2025 04-2025: 0.9%● 0.0% vs 03-2025 05-2025: 0.9%● 0.0% vs 04-2025 06-2025: 0.9%● 0.0% vs 05-2025 07-2025: 1.4%▲ +60.5% vs 06-2025 08-2025: 1.4%● 0.0% vs 07-2025 09-2025: 1.4%● 0.0% vs 08-2025 10-2025: 1.4%● 0.0% vs 09-2025 11-2025: 1.4%● 0.0% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%● 0.0% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.4%▲ +1.5% vs 02-2026 04-2026: 1.5%▲ +1.5% vs 03-2026 05-2026: 1.4%▼ -5.2% vs 04-2026 06-2026: 1.4%▲ +2.9% vs 05-2026 07-2026: 1.4%● 0.0% vs 06-2026 08-2026: 1.6%▲ +12.3% vs 07-2026 09-2026: 1.8%▲ +14.4% vs 08-2026 10-2026: 2.3%▲ +27.1% vs 09-2026highest value
  • Liquidity: current ratio 0.39 raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2024 (filed 27-02-2025) raises the probability
  • Legal form Limited partnership lowers the probability
No credit on open account
Liquidity short (current ratio 0.39 against 4.24 in 2023; short-term debt: 94.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 10%, liquidity 0%, profitability 2%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.39
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 27-02-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Legal form Limited partnership
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€640,027
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-02-2025, 154 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
154 d early
2023
28 d early
2022
19 d early
2021
17 d early
2020
24 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: Marc Sottiaux (director) and Nicolas…Appointment: Nicolas Teya (director) ·…
  2. Registered officeRegistered-office move · Power of…
  3. Resignations: ROES Johannes, VAN DER WAALS…Appointment: Leonidas GP (manager) ·…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€640,027 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€4.2m View
  • Caution: Among the weakest 5% on net resultsector median €13,301 · 9,729 companies -€4.2m View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Controlled by Iris Pledgeco S.a.r.l. parent View

By topic

Financials

Fiscal year
2024
Total assets
€24.3m
Loss
-€4.2m
Solvency
-2.6%
Total assets▼ 16.2%
Net result
20182024
Go to Financials

Board & ownership

Board
2 members
Parent
Iris Pledgeco S.a.r.l.
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
Go to Board & ownership

Timeline

Events
44
Since
2004
  1. 16-02-2026Resignations: Marc Sottiaux (director) and Nicolas Teya…
  2. 18-06-2025Registered office
  3. 18-03-2025Resignations: ROES Johannes, VAN DER WAALS Ronald…
Go to Timeline

Company details

Sites
1
Legal form
Limited partnership
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
28-04-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Construction, développement et gestion du patrimoine immobilier et mobilier; opérations…
Go to Articles of association

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