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VWcon

Active
Private limited companyfounded 20242 yrs activeDriesstraat 79, 8700 Tielt, BelgiumKBO/BCE: BE 1009.037.946
Summary

VWcon has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,529 and a net result of €19,029. Its solvency ranks better than 20% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes
Profitability91
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.87; short-term debt: 53.6% and cash: 22.2% of total assets), and 80% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
20%
Return on assets
17.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11615 sector peers (2024).
NBB · sector comparison
Position among 11615 sector peers
Solvency
better than 20%
← weakest strongest →
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 27-07-2025, 4 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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

History

VWcon was incorporated on 2 May 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€21,529
Total assets
€107,828
Net result
€19,029
Working capital
-€7,688

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €105,464
Fixed assets €55,356
Current assets €50,108
Equity and liabilities €107,828
Equity €21,529
Debt €86,298
Debt finances 80.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€29,519
Cash flow
€23,501
Current ratio
0.87
Debt to equity
4.01
ROE
88.4%
ROA
17.6%
Interest coverage
44.57
Debt ≤ 1 year
€57,796
Debt > 1 year
€28,503
Income taxes
€5,355

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 39 lines
Balance sheet Code2024
Assets
Total assets20/58€107,828
Formation expenses20€2,364
Fixed assets21/28€55,356
Tangible fixed assets22/27€55,356
Plant, machinery and equipment23€2,045
Furniture and vehicles24€7,701
Leasing and similar rights25€45,610
Current assets29/58€50,108
Amounts receivable within one year40/41€26,214
Trade receivables40€26,214
Cash at bank and in hand54/58€23,895
Equity and liabilities
Total equity and liabilities10/49€107,828
Equity10/15€21,529
Contributions10/11€2,500
Reserves13€19,029
Distributable reserves133€19,029
Amounts payable17/49€86,298
Amounts payable after more than one year17€28,503
Financial debts170/4€28,503
Amounts payable within one year42/48€57,796
Current portion of amounts payable after more than one year42€10,053
Trade debts44€4,368
Suppliers440/4€4,368
Taxes, remuneration and social security45€16,147
Taxes450/3€16,147
Other amounts payable47/48€27,227
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,472
Other operating charges640/8€380
Gross operating margin9900€29,899
Operating profit (loss)9901€25,047
Financial charges65/66B€662
Recurring financial charges65€662
Profit (loss) for the period before taxes9903€24,384
Income taxes67/77€5,355
Profit (loss) for the period9904€19,029
Profit (loss) for the period to be appropriated9905€19,029
Appropriation of the result
Profit (loss) to be appropriated9906€19,029
Transfer to equity691/2€19,029
To other reserves6921€19,029

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,472
Other operating charges640/8€380
Gross operating margin9900€29,899
Operating profit (loss)9901€25,047
Financial charges65/66B€662
Recurring financial charges65€662
Profit (loss) for the period before taxes9903€24,384
Income taxes67/77€5,355
Profit (loss) for the period9904€19,029
Profit (loss) for the period to be appropriated9905€19,029
Line2024
Assets
Total assets20/58€107,828
Formation expenses20€2,364
Fixed assets21/28€55,356
Tangible fixed assets22/27€55,356
Plant, machinery and equipment23€2,045
Furniture and vehicles24€7,701
Leasing and similar rights25€45,610
Current assets29/58€50,108
Amounts receivable within one year40/41€26,214
Trade receivables40€26,214
Cash at bank and in hand54/58€23,895
Equity and liabilities
Total equity and liabilities10/49€107,828
Equity10/15€21,529
Contributions10/11€2,500
Reserves13€19,029
Distributable reserves133€19,029
Amounts payable17/49€86,298
Amounts payable after more than one year17€28,503
Financial debts170/4€28,503
Amounts payable within one year42/48€57,796
Current portion of amounts payable after more than one year42€10,053
Trade debts44€4,368
Suppliers440/4€4,368
Taxes, remuneration and social security45€16,147
Taxes450/3€16,147
Other amounts payable47/48€27,227
Line2024
Profit (loss) for the period9904€19,029
+ Depreciation and write-downs630€4,472
Operating cash flow (approximation)€23,501

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Tielt · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,242 m²
Building footprint
170 m²
Volume, LiDAR
1,129 m³
Parcel 37303G0003/00E004, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VWcon
Driesstraat 79, 8700 TieltComputing infrastructure, data processing, hosting and other information service activities
since 20242.359.533.809
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37303G0003/00E004 Flanders 1,242 m² 1 · 170 m² 9.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,067 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
63920Other information service activities
70200Business and other management consultancy
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009037946
Also 9925:BE1009037946
Registered 19-12-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.