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VWE

Active Private limited companyfounded 2008active for 18 yearsRue de Husquet 68, 4820 DisonKBO/BCE: BE 0807.535.094
VWE
Financial year 2025
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Annual accounts 2025

micro format, filed on 26-08-2026, 26 days late
€213,533
▼ 15.5%
€45,346
▼ 5.3%
€115,129
▲ 1.7%
€94,480
▲ 0.7%
18.9%
▼ 0.4 percentage points
1.13
▼ 0.20

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €630,000. Estimated: probably between €430,000 and €780,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €830,825 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

18.9%

Higher than 21% of 37,177 companies in 2025.

1.13

Higher than 26% of 36,472 companies in 2025.

3.0%

Higher than 37% of 36,707 companies in 2025.

VWE Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Staff

€41,913

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, 3 people joined and 5 left. Training hours in 2025: 1,360.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 830,825826,805787,496693,343543,327373,053294,730224,019235,525194,324179,38766,50762,92657,43551,98328,76419,493
21/28 676,919695,793591,467527,774365,370228,915150,391109,208118,905112,693120,50212,24618,88013,35517,7112,5472,886
22/27 676,799695,673591,347527,654365,250228,795150,271109,088118,785112,573120,38212,12618,76013,23517,5912,4272,886
22 637,167642,835560,829524,987360,938226,053146,490100,874106,483112,092116,510------
23 1,2432,6254,2791,8942,8602,33750083304801,0801,9645311,2491,3791,449728
24 38,38950,21326,2397731,4524053,2807,38112,30102,79210,16218,22911,98616,2119792,158
28 120120120120120120120120120120120120120120120120-
29/58 153,906131,012196,029165,569177,957144,138144,339114,810116,62081,63158,88554,26144,04744,08034,27226,21716,607
29 -07,50030,00030,00030,00030,000----------
290 ------0----------
291 -07,50030,00030,00030,00030,000----------
3 46,46339,86539,81436,70929,23213,1509,75823,15021,50131,61621,31419,49914,75615,0534,707--
30/36 46,46339,86539,81436,70929,23213,1509,75823,15021,50131,61621,31419,49914,75615,0534,707--
40/41 42,87371,81560,82137,47844,27451,42023,52356,81547,47531,10819,26622,32925,12017,41919,3694,0687,308
40 23,66157,01153,94632,09941,04946,35223,07822,64916,73528,44116,20915,69320,38014,58916,4732,3437,067
41 19,21314,8046,8755,3803,2255,06844534,16730,7402,6673,0576,6364,7402,8302,8961,725240
54/58 60,15213,92376,44147,12571,39147,04080,45834,34147,14017,75418,20712,4314,16211,44410,15822,0979,290
490/1 4,4185,41011,45214,2573,0602,5276005045041,152982816438529
Balance sheet: equity and liabilities
10/49 830,825826,805787,496693,343543,327373,053294,730224,019235,525194,324179,38766,50762,92657,43551,98328,76419,493
10/15 156,637159,453131,716117,524133,307128,140110,781103,34783,34451,75935,46539,13230,44530,46515,66515,04013,953
10/11 10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------8,6008,6008,6008,6008,6008,6008,6008,6008,6008,6008,600
13 110,950113,06084,66068,96083,26076,66057,86049,86033,86016,8601,8601,8601,8601,8601,8601,8601,860
130/1 ---01,8601,860-----------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---01,8601,860-----------
133 110,950113,06084,66068,96081,40074,80056,00048,00032,00015,000-------
14 27,67827,67027,61928,41429,18329,90230,62930,48225,76524,89923,60527,27218,58518,6053,8053,1802,093
15 8,0098,7239,43710,15010,86411,57812,29213,00513,719--------
17/49 674,188667,352655,779575,819410,020244,913183,949120,671152,181142,565143,92227,37532,48226,97036,31813,7245,540
17 537,439568,551519,717504,167358,225212,82794,072105,622116,923114,161123,75012,08019,26710,17813,976--
170/4 537,439568,551519,717504,167358,225212,82794,072105,622116,923114,161123,75012,08019,26710,17813,976--
42/48 136,68298,740135,99471,65251,45532,08689,84015,04933,85228,27719,26515,15111,99814,64822,33713,7055,538
42 63,06754,26147,27227,67628,51720,03011,55011,30114,5079,58910,3307,1876,9133,7983,652--
44 38,21930,74347,50123,6463,3138,25076,2815636,01610,3458,7444,1144,1994,82315,27511,4863,354
440/4 38,21930,74347,50123,6463,3138,25076,2815636,01610,3458,7444,1144,1994,82315,27511,4863,354
45 8,33813,39624,4202,5303,8263,0062,0093859,0298,08503,7397766,0273,3802,1892,184
450/3 8,3294,4367,299-1,3611,2321,23209,0298,08503,7397766,0278689392,184
454/9 98,96017,1212,5302,4651,7747773850000002,5131,250-
47/48 27,05834016,80017,80015,80080002,8004,30025719211011003030-
492/3 676169034003701,4061279071441,2172,1444192
Income statement
70 -----------205,062164,267156,700116,54066,29627,735
76A ------------1,446----
9900 213,533252,613236,340121,051135,76281,41755,78349,00847,74326,68733,00522,83612,51827,5699,1714,7938,509
60/61 -----------182,226151,750129,131107,36961,50419,226
62 92,209134,165119,55431,13930,09415,7229,1964,673---------
630 69,78365,33958,80451,76146,67738,61933,08811,08514,2909,00136,0299,63511,9245,3796,2892,1452,022
640/8 6,1955,2006,95226,42625,9191,2471,5496441,8602,1931,0471,1411,3329951,084319266
66A ---------198-------
9901 45,34647,90951,03111,72533,07225,82811,95032,60531,59315,296-4,07112,060-73821,1961,7982,3286,221
75/76B 2,3264,5432,5862,5322,8622,3591,9902,0603,26312,6701,0491,125635299762242
75 2,3262,2932,5862,5322,8622,3591,9902,0603,2637501,0491,125635299762242
76B -2,250-------11,920-------
65/66B 16,35814,31413,32111,2567,2886,6224,3813,2523,6613,587645963585666440198123
65 16,35814,31413,32111,2567,2886,6224,3813,2523,6613,587645963585666440198123
9903 31,31438,13940,2963,00128,64521,5659,55931,41331,19524,379-3,66712,22175820,8291,4342,1536,139
67/77 6,6169,6888,5902706,9652,6921,4127,8957,6298,085-3,5347786,0298091,0662,186
9904 24,69828,45031,7062,73121,68018,8738,14723,51723,56616,294-3,6678,688-2014,8006251,0873,953
9905 24,69828,45031,7062,73121,68018,8738,14723,51723,56616,294-3,6678,688-2014,8006251,0873,953
Appropriation of the result
9906 52,36856,07060,11931,91451,58349,50238,62949,28248,46539,89923,60527,27218,58518,6053,8053,1803,953
14P 27,67027,61928,41429,18329,902------------
791/2 26,800016,00017,00015,000------------
691/2 24,69028,40031,7002,70021,60018,8008,00016,00017,00015,000------1,860
6920 ----------------1,860
6921 24,69028,40031,7002,70021,60018,8008,00016,00017,00015,000-------
694/7 26,800016,80017,80015,800800-2,8005,700--------
694 26,800016,80017,80015,800800-8005,700--------
695 -------2,000---------
Social balance sheet
9087 2.23.73.92.31.81.91.30.9---------
Hours worked1013 3,1785,5785,9022,1762,5882,1902,5161,746---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00448651.

Financial year Type Filed Reference Document
31-12-2025 micro format 26-08-2026 2026-00448651 PDF
31-12-2024 micro format 28-08-2025 2025-00444159 PDF
31-12-2023 micro format 30-08-2024 2024-00430201 PDF
31-12-2022 micro format 14-08-2023 2023-00332740 PDF
31-12-2021 micro format 27-07-2022 2022-20240033 PDF
31-12-2020 micro format 27-08-2021 2021-55700572 PDF
31-12-2019 micro format 20-07-2020 2020-33900446 PDF
31-12-2018 micro format 07-08-2019 2019-44500576 PDF
31-12-2017 micro format 29-06-2018 2018-25400107 PDF
31-12-2016 micro format 05-07-2017 2017-28700067 PDF
31-12-2015 full format 01-07-2016 2016-25800332 PDF
31-12-2014 full format 29-06-2015 2015-22700291 PDF
31-12-2013 full format 03-07-2014 2014-26100160 PDF
31-12-2012 full format 28-06-2013 2013-23800574 PDF
31-12-2011 full format 29-06-2012 2012-23100371 PDF
31-12-2010 full format 06-07-2011 2011-26600146 PDF
31-12-2009 full format 17-08-2010 2010-42000298 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
115,129113,248109,83563,48679,74964,44845,03843,69045,88324,29731,95821,69511,18626,5748,0874,4738,243
94,48093,78990,50954,49268,35757,49341,23534,60337,85625,29532,36118,32311,90420,1786,9143,2325,975
50,909169,665122,497214,165183,132117,14474,2711,38920,5021,192144,2853,00117,4491,02321,4531,8064,908
46,230-62,51829,316-24,26624,351-33,41846,117-12,79929,386-4535,7768,269-7,2821,286-11,93912,807-
17,22432,27260,03593,917126,502112,05254,49999,76182,76953,35539,62039,11132,04929,43211,93512,51211,069
-----------5.9%-0.4%13.5%1.5%3.5%22.4%
18.9%19.3%16.7%17.0%24.5%34.3%37.6%46.1%35.4%26.6%19.8%58.8%48.4%53.0%30.1%52.3%71.6%
1.131.331.442.313.464.491.617.633.452.893.063.583.673.011.531.913.00
0.790.921.151.802.894.081.506.092.811.771.952.292.441.981.321.913.00
4.304.194.984.903.081.911.661.171.832.754.060.701.070.892.320.910.40
15.8%17.8%24.1%2.3%16.3%14.7%7.4%22.8%28.3%31.5%-10.3%22.2%-0.1%48.6%4.0%7.2%28.3%
3.0%3.4%4.0%0.4%4.0%5.1%2.8%10.5%10.0%8.4%-2.0%13.1%0.0%25.8%1.2%3.8%20.3%
7.047.918.255.6410.94------------
-----------28 days45 days34 days52 days13 days93 days
-----------8 days10 days14 days52 days68 days64 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date13532
full-time12422
part-time-111-
in full-time equivalents12.84.82.82
2.23.73.92.31.8
On a permanent contract-2211
Joined30331
Left52120
Training hours1,3601,7331,674--

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€50,909€169,665€122,497€214,165€183,132
€69,783€65,339€58,804€51,761€46,677

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VWE

The operating result for 2025 is 5% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 80.7% to 81.1%. Equity is lower and debt is higher.

Next steps

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