Equity
€156,637 ▼ 1.8%
VWE paid out €26,800 in dividends. That is 109% of the 2025 profit.
VWE
Lifetime
17 annual accounts with figures on one time axispeak €252,613 (2024)
€213,533▼ 15.5%
lowest -€3,667 (2015)
€24,698▼ 13.2%
peak €159,453 (2024)
€156,637▼ 1.8%
€674,188▲ 1.0%
peak 1.9 FTE (2020)
-not published
Board2 names since 2008
1 director
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from €252,613 to €213,533Dividend €26,800Cash from €13,923 to €60,152
Key points
from the 2025 annual accountsTurnover
≈ €630,000 estimated
The micro format states no turnover.
Debts
€674,188 81% of the balance sheet
Financial debts 80%Suppliers 6%Taxes and wages 1%Other 13%
Of this, €136,682 falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 3 people joined and 5 left.
Filings
17 annual accounts since 2009
Six of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
Position in the sector
€213,533
Higher gross margin than 91% of companies in specialised construction. Sector median €39,022 · 37,125 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as VWE has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 4,508 companies, not a prediction for VWE. 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807535094
Change of role: , from manager to director
“L'exécution de travaux d'électricité générale dans les secteurs public et privé; L'achat,la…” (deed in French) · Director discharge: · General meeting of 23-11-2022 · Gazette deed
Company renamed from SERVAL ELEC to WE
Registered office moved from Verviers to Dison · New registered office: rue de Husquet, numéro 68, 4820 DISON · Previous registered office: Clos des Francs Jeux, numéro 20, 4800 VERVIERS · Gazette deed
Incorporation
published on 12-11-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VWE Dison | €830,825 | €213,533 | 18.9% | - |
| ELI AUTOMATION Soumagne | €924,632 | €261,334 | 38.1% | - |
| Gelaude E & Co Blankenberge | €832,284 | €218,053 | 95.5% | - |
| VAN STAEYEN Malle | €852,967 | €197,154 | 44.4% | - |
| EBES Kapellen | €793,350 | €188,268 | 42.8% | - |
| AD.AI Asse | €805,906 | €251,855 | 36.9% | - |
| MULLER ELECTRICITE Woluwe-Saint-Lambert | €768,487 | €184,967 | 50.5% | - |
These companies have the same main activity as VWE: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €768,000 and €925,000, founded between 2007 and 2008.
Official details
Source: KBO- Status
- Active since 03-11-2008Normal situation
- Activity
- General electrical installation workNACE 43211and 7 others
- Joint committee
- 149Sectors related to metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.175.159.8704821 Dison, since 30-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €830,825▲ 0.5%
- Employeeson 31-12-2025
- 1▼ 66.7%
- Filing
- Filed on 26-08-2026
Insights on VWE
VWE files the micro format. That format states no turnover. The gross margin rose from €8,509 in 2009 to €213,533 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
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 VWE
- What is the company number of VWE?
- The company number of VWE is 0807.535.094. The VAT number is the same number with BE in front: BE 0807.535.094.
- Where is VWE based?
- The registered office is at Rue de Husquet 68, 4820 Dison.Company details
- What does VWE do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VWE?
- VWE is a private limited company (BV).
- When was VWE founded?
- VWE was founded on 03-11-2008.
- Is VWE still active?
- Yes, VWE is an active enterprise in the KBO register.
- How many employees does VWE have?
- VWE had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VWE fall under?
- In its 2025 annual accounts, VWE states joint committee 149 (Sectors related to metal, mechanical and electrical engineering).
- What is the turnover of VWE?
- The turnover in financial year 2025 is ≈ €630,000. This figure is estimated from the gross margin of €213,533 and 38 comparable companies (NACE 43211). It probably lies between €430,000 and €780,000.
- Is VWE profitable?
- In financial year 2025, VWE made a profit of €24,698.
- Where can I find the annual accounts of VWE?
- VWE filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VWE due?
- VWE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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