Equity
€320,891 from €915,159 in 2013
Equity fell by 65% in 12 years.
WULVENNEST
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1995peak €81,695 (2023)
€63,409▲ 29.1%
lowest -€104,266 (2025)
-€104,266▼ €97,227
peak €915,159 (2013)
€320,891▼ 24.5%
€1.5m▲ 49×
Board7 names since 2018
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €49,112 to €63,409Loss of €104,266Registered office moved from Lievegem to Bruges 30-10Equity from €425,157 to €320,891Debts from €31,444 to €1.5mInvestments €1.5m
Key points
from the 2025 annual accountsResult
-€104,266 ▼ 1,381%
The result fell in 2025 from -€7,038 to -€104,266.
Debts
€1.5m ▲ 49×
Debts rose by €1.5m in 2025.
Securities
€1.7m
Mortgage mandates, new in 2025. 5.3 times equity · not in the 2024 accounts.
Investments
€1.5m 10.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 373.2% higher than in 2024.
Position in the sector
-€104,266
Lower net result than 87% of companies in real estate. Sector median €12,760 · 12,433 companies.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,506 companies had the same profile as WULVENNEST has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,506 companies, not a prediction for WULVENNEST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Managing director
Managing director
- 100%score equity €2.9m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455237430
Registered office moved from Lievegem to Bruges
New registered office: Walplein 26, 8000 Brugge · Previous registered office: Park Ter Daelmen 68, 9930 Lievegem · Resignations: , and · General meeting of 03-10-2025 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Brugge
Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: (class B director) and (class C director) · Appointment: (class A director) · Legal-form conversion: from partnership limited by shares to private limited company · General meeting of 29-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as WULVENNEST: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.7m and €2.2m, founded between 1991 and 1994.
Official details
Source: KBO- Status
- Active since 15-05-1995Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.233.969.9808000 Bruges, since 08-06-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Insights on WULVENNEST
WULVENNEST files the abbreviated format. That format states no turnover. The gross margin rose from -€1,160 in 2006 to €63,409 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
holds all the shares. In October 2025, three directors stepped down. In October 2025, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WULVENNEST
- What is the company number of WULVENNEST?
- The company number of WULVENNEST is 0455.237.430. The VAT number is the same number with BE in front: BE 0455.237.430.
- Where is WULVENNEST based?
- The registered office is at Walplein 26, 8000 Bruges.Company details
- What does WULVENNEST do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of WULVENNEST?
- WULVENNEST is a private limited company (BV).
- When was WULVENNEST founded?
- WULVENNEST was founded on 15-05-1995.
- Is WULVENNEST still active?
- Yes, WULVENNEST is an active enterprise in the KBO register.
- What is the turnover of WULVENNEST?
- The turnover in financial year 2025 is ≈ €82,000. This figure is estimated from the gross margin of €63,409 and 45 comparable companies (NACE 682). It probably lies between €71,000 and €100,000.Financials
- Is WULVENNEST profitable?
- In financial year 2025, WULVENNEST made a loss of €104,266.
- Where can I find the annual accounts of WULVENNEST?
- WULVENNEST filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WULVENNEST due?
- WULVENNEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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