Skip to content

WAVIN BELGIUM

Active
Public limited companyfounded 196858 yrs activeLuxemburgstraat 20, 9140 Temse, BelgiumKBO/BCE: BE 0405.062.397
Summary

The computed 12-month bankruptcy probability of WAVIN BELGIUM is 8.4% (elevated). The 2025 annual accounts show negative equity (-€3.8m) and a net result of -€4.5m. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 5730 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
WAVIN BELGIUMActiveChecked score 30/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of construction materials, general range
NACE 46831Manufacture of rubber and plastic products NACE 22210Manufacture of fabricated metal products, except machinery and equipment NACE 25210
3 sites
Size
€24.4mturnover 2025
Staff
42.4 FTE
Equity
-€3.8m
Loss
-€4.5m
Financial health
30 Weak Checked score 2025
Bankruptcy chance 12 m
8.4%
Structure
Parent
Wavin BV · 98.8%
Board
1 member
Accounts 53 d early1 of 36 deeds read
Why 30- Negative equity -€3.8m- Loss of €4.5m, the second in a row (FY 2025)- Liquidity: current ratio 0.48, cash €45,381- Founded in 1968Show the evidence

Checked score

Score 2025
30 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 3% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-33
equity -105.7% of total assets
Liquidity 2-6
short-term debt 196.4% · cash 1.3%
Profitability 0=
return on assets -126.0%
Bankruptcy probability, 12 months
8.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,366 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%● 0.0% vs 12-2024 02-2025: 0.4%▼ -3.8% vs 01-2025 03-2025: 0.4%▲ +1.2% vs 02-2025 04-2025: 0.4%▼ -2.5% vs 03-2025lowest value 05-2025: 0.4%▲ +3.0% vs 04-2025 06-2025: 0.5%▲ +2.9% vs 05-2025 07-2025: 0.6%▲ +21.4% vs 06-2025 08-2025: 0.9%▲ +55.2% vs 07-2025 09-2025: 1.0%▲ +12.9% vs 08-2025 10-2025: 1.4%▲ +47.9% vs 09-2025 11-2025: 5.2%▲ +264% vs 10-2025 12-2025: 5.2%● 0.0% vs 11-2025 01-2026: 7.1%▲ +36.9% vs 12-2025 02-2026: 7.0%▼ -2.2% vs 01-2026 03-2026: 6.9%▼ -1.4% vs 02-2026 04-2026: 7.0%▲ +2.7% vs 03-2026 05-2026: 6.9%▼ -2.0% vs 04-2026 06-2026: 7.0%▲ +1.4% vs 05-2026 07-2026: 8.4%▲ +20.0% vs 06-2026highest value 08-2026: 8.4%● 0.0% vs 07-2026highest value 09-2026: 8.4%● 0.0% vs 08-2026highest value 10-2026: 8.4%● 0.0% vs 09-2026highest value
  • Negative equity -€3.8m raises the probability
  • Loss of €4.5m, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 0.48, cash €45,381 raises the probability
  • Founded in 1968 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.48 against 1.24 in 2024; short-term debt: 196.4% and cash: 1.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 1%, liquidity 3%, profitability 1%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity -€3.8m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €4.5m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.48, cash €45,381
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 1968
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.8m
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
68 d late
2023
33 d early
2022
36 d late
2021
44 d late
2020
41 d late
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 5 September (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Appointments: Philippe Harinck (director) and Dan…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€3.8m View
  • Caution: Among the weakest 5% on solvencysector median 45.5% · 5,730 companies -105.7% View
  • Controlled by Wavin BVknown shareholders 100% 98.8% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€4.5m View
  • New directorslatest change 20-07-2026 · 1 in office 2 joined View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Fiscal year
2025
Turnover
€24.4m
Loss
-€4.5m
Solvency
-105.7%
Turnover▼ 14.1%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 20-07-2026Appointments: Philippe Harinck (director) and Dan Scott…
  2. 08-06-2026Annual accounts filed
  3. 07-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Wholesale of construction materials, general rangeNACE 46831
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure