The Willbes & CO윌비스

The Willbes & CO is in court rehabilitation after missed debt payments, with heavy losses and a share price down 22.5% over the past year.

The company's filings now show it has entered court rehabilitation proceedings, following suspended creditor bank arrangements and missed loan and bond payments in late August 2026. Trailing twelve-month revenue is about ₩172B, but operating losses are about ₩52B and net losses about ₩70B, with liabilities well above equity. The company profile describes an apparel textile business and a domestic exam-preparation education business.

What stands out

• Trailing twelve-month revenue is ₩172B, down from ₩188B in 2025 and ₩217B in 2024, while operating income is about -₩52B.
• Annual operating margin has worsened each year from 1.6% in 2021 to -11.2% in 2025, and the data shows net losses in every year since 2021.
• Liabilities are about 19 times equity on a trailing basis, and cash is only ₩4.1B against borrowings of ₩3.3B, which is listed as an unusually large gap relative to the company's losses.
• Filings from late August to late September 2026 cover loan and bond payment failures, the suspension of creditor bank procedures, and the commencement of court rehabilitation.
• The stock closed at ₩2,620 with a market value of about ₩17.6B, and foreign ownership is 2.2%. Valuation ratios such as P/E are not meaningful because earnings are negative, and the dividend yield is 0%.

What to watch

• Progress of the court rehabilitation procedures and any plan that determines what happens to existing shareholders, which is not in the data.
• Any further filings on debt repayment, bank arrangements, or auditor opinions, as the August 2026 review report already flagged an adverse or disclaimer-type opinion.
• Next periodic results, since the data shows no forecasts and the trailing figures may change once full-year 2026 filings are made.