Vawin
ActiveVawin has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.58M and a net result of €234k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +38 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+20
Solvency87▲+29
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 0.5 in 2024), but 57.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
42.5%
Return on assets
6.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
28 d early
2022
40 d early
2021
27 d early
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.58M▲ 17.4%
2024 · €1.34M
2018: €851k
2019: €777k
2020: €839k
2021: €933k
2022: €1.03M
2023: €1.26M
2024: €1.34M
2018 → 2025
Total assets
€3.71M▲ 28.2%
2024 · €2.90M
2018: €2.97M
2019: €2.24M
2020: €2.08M
2021: €2.64M
2022: €2.62M
2023: €2.61M
2024: €2.90M
2018 → 2025
Net result
€234k▲ 62.1%
2024 · €145k
2018: €505
2019: €-74k
2020: €63k
2021: €94k
2022: €95k
2023: €227k
2024: €145k
2018 → 2025
Working capital
€671k
2024 · €-179k
2018: €495k
2019: €-163k
2020: €-239k
2021: €-195k
2022: €-168k
2023: €-114k
2024: €-179k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€933k-€1.03M▲ 10.2%€1.26M▲ 22.1%€1.34M▲ 7.1%€1.58M▲ 17.4%
Operating result€152k-€158k▲ 4.2%€353k▲ 123%€231k▼ 34.5%€358k▲ 54.6%
Net result€94k-€95k▲ 1.0%€227k▲ 139%€145k▼ 36.4%€234k▲ 62.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.71M
Fixed assets
€2.68M▼ 1.4%
Current assets
€1.03M▲ 484%
Equity and liabilities €3.71M
Equity
€1.58M▲ 17.4%
Provisions
€21k▼ 20.0%
Debt
€2.11M▲ 38.4%
The debt ratio rises from 52.7% to 56.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€553k▲
2024 · €436k
Cash flow
€429k▲
2024 · €350k
Solvency
42.5%▼
2024 · 46.4%
Current ratio
2.87▲
2024 · 0.50
Quick ratio
2.87▲
2024 · 0.50
Debt / equity
1.34▲
2024 · 1.14
ROE
14.8%▲
2024 · 10.8%
ROA
6.3%▲
2024 · 5.0%
Interest coverage
17.71▲
2024 · 16.77
Debt
€2.11M▲
2024 · €1.53M
Debt ≤ 1 year
€359k▲
2024 · €355k
Debt > 1 year
€1.75M▲
2024 · €1.17M
Income taxes
€107k▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€3.71M▲
Fixed assets21/28€2.72M€2.68M▼
Tangible fixed assets22/27€2.72M€2.68M▼
Land and buildings22€2.71M€2.65M▼
Plant, machinery and equipment23€10k€14k▲
Furniture and vehicles24-€15k
Financial fixed assets28€998€1k▲
Current assets29/58€176k€1.03M▲
Amounts receivable within one year40/41€64k€718k▲
Trade receivables40€64k€3k▼
Other amounts receivable41€231€715k▲
Cash at bank and in hand54/58€100k€312k▲
Deferred charges and accrued income490/1€13k€791▼
Equity and liabilities
Total equity and liabilities10/49€2.90M€3.71M▲
Equity10/15€1.34M€1.58M▲
Contributions10/11€22k€20k▼
Reserves13€1.32M€1.56M▲
Tax-exempt reserves132€60k€50k▼
Distributable reserves133€1.26M€1.51M▲
Profit (loss) carried forward14€74€74=
Provisions and deferred taxes16€26k€21k▼
Deferred taxes168€26k€21k▼
Amounts payable17/49€1.53M€2.11M▲
Amounts payable after more than one year17€1.17M€1.75M▲
Financial debts170/4€1.17M€1.75M▲
Amounts payable within one year42/48€355k€359k▲
Current portion of amounts payable after more than one year42€264k€246k▼
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Advances received on contracts in progress46€47k€47k▲
Taxes, remuneration and social security45€16k€44k▲
Taxes450/3€16k€44k▲
Other amounts payable47/48€12k€15k▲
Accrued charges and deferred income492/3-€781
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€205k€195k▼
Other operating charges640/8€15k€21k▲
Non-recurring operating charges66A-€19
Gross operating margin9900€452k€573k▲
Operating profit (loss)9901€231k€358k▲
Financial income75/76B€318€9k▲
Recurring financial income75€318€580▲
Non-recurring financial income76B-€9k
Financial charges65/66B€26k€31k▲
Recurring financial charges65€26k€31k▲
Profit (loss) for the period before taxes9903€206k€336k▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€66k€107k▲
Profit (loss) for the period9904€145k€234k▲
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€155k€244k▲
Appropriation of the result
Profit (loss) to be appropriated9906€155k€245k▲
Profit (loss) brought forward from the previous period14P€74€74=
Transfer from equity791/2€56k-
Transfer to equity691/2€155k€244k▲
To other reserves6921€155k€244k▲
Profit to be distributed694/7€56k-
Return on contributions (dividend)694€56k-
The notes to these accounts (14 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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €234k ▲62.1%
Operating result €358k, net result €234k, both a record.
31-12
Financial
Liquidity times 6current ratio 2.87
Current ratio from 0.50 to 2.87.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.03M ▲10.2%
3 profitable years in a row build equity to €1.03M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-74k ▼14803%
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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
4 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, Wielsbeke · 1 establishment unit since 1997
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.
Vaartstraat 88710 WielsbekeGround area
2,640 m²
Building footprint
825 m²
Volume, LiDAR
5,518 m³
Parcel 37017B0223/00V000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R.K.V.
since 19972.081.559.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0223/00V000 | Flanders | 2,640 m² | 1 · 825 m² | 8.5 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.
Similar companies · same sector, comparable size
VANDERMEULEN BOUW
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TIMBER TAILOR
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SAYCOM
BE 0426.261.847
Manage · Eq €1.66M
Construction de Piscines et Résidences
BE 0412.638.790
Sint-Pieters-Woluwe · Eq €1.66M
Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-1997
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
68203Renting and operating of own or leased non-residential real estate, excluding land
23660Manufacture of other non-metallic mineral products
23690Manufacture of other non-metallic mineral products
26660
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.