WDVTS
Open bankruptcyA bankruptcy procedure is open for WDVTS according to publications in the Belgian State Gazette; curator: KATIE COPPENS.
Summary
The 2023 annual accounts show equity of €288,259 and a net result of €88,399.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Oudenaarde division
- Declared bankrupt
- 25 September 2025
- Supervising judge
- Eddy Wachtelaer
- Official Gazette
- 02-10-2025 (pdf) ↗search the document for 2025/139428
Deadlines
- Provisional date payments stopped
- 25 September 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 November 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 25 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Katie CoppensEinestraat 34, 9700 Oudenaardecoppens@coppens-pardon.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-10-2024, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
69 d late
2022
67 d late
2021
2 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€288,259▲ 44.2%
2022 · €199,860
Total assets
€543,013▲ 36.2%
2022 · €398,605
Net result
€88,399▲ 23.3%
2022 · €71,690
Working capital
€195,730▲ 79.4%
2022 · €109,096
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€19,534-€37,356▼ 91.2%€69,656€101,659▲ 45.9%€128,889▲ 26.8%
Net result-€26,711-€42,926below the sector's middle half▼ 60.7%€49,827above the sector's middle half€71,690above the sector's middle half▲ 43.9%€88,399above the sector's middle half▲ 23.3%
Equity€147,953▼ 15.3%€105,028within the sector's middle half▼ 29.0%€154,854above the sector's middle half▲ 47.4%€199,860above the sector's middle half▲ 29.1%€288,259above the sector's middle half▲ 44.2%
Total assets€279,071▼ 11.5%€199,446within the sector's middle half▼ 28.5%€312,599above the sector's middle half▲ 56.7%€398,605above the sector's middle half▲ 27.5%€543,013above the sector's middle half▲ 36.2%
Debt€131,118▼ 6.9%€94,419▼ 28.0%€157,744▲ 67.1%€198,744▲ 26.0%€254,754▲ 28.2%
Working capital€107,751▼ 14.5%€58,997▼ 45.2%€65,165▲ 10.5%€109,096▲ 67.4%€195,730▲ 79.4%
Solvency53.0%▼ 2.3pp52.7%within the sector's middle half▼ 0.4pp49.5%within the sector's middle half▼ 3.1pp50.1%within the sector's middle half▲ 0.6pp53.1%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 27% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €543,013
Fixed assets
€151,888 ▼ 10.6%
Current assets
€391,125 ▲ 71.1%
Equity and liabilities €543,013
Equity
€288,259 ▲ 44.2%
Debt
€254,754 ▲ 28.2%
Debt's share of the balance-sheet total falls from 49.9% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€152,750▲
2022 · €115,772
Cash flow
€112,259▲
2022 · €85,804
Current ratio
2.00▲
2022 · 1.91
Quick ratio
1.66▲
2022 · 1.28
Debt to equity
0.88▼
2022 · 0.99
ROE
30.7%▼
2022 · 35.9%
ROA
16.3%▼
2022 · 18.0%
Interest coverage
38.51▲
2022 · 32.47
Debt ≤ 1 year
€195,395▲
2022 · €119,541
Debt > 1 year
€59,360▼
2022 · €79,204
Income taxes
€36,698▲
2022 · €28,168
Staff costs
€2,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18,182 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €2,557 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,549 | €12,925 | €10,822 | €14,114 | €23,861 | ▲ 69.1% |
| Other operating charges640/8 | - | - | €7,793 | €3,434 | €20,312 | ▲ 491% |
| Non-recurring operating charges66A | - | - | €2,128 | €8,061 | €0 | ▼ 100% |
| Gross operating margin9900 | -€4,288 | -€20,318 | €90,399 | €127,268 | €175,619 | ▲ 38.0% |
| Operating profit (loss)9901 | -€19,534 | -€37,356 | €69,656 | €101,659 | €128,889 | ▲ 26.8% |
| Financial income75/76B | - | - | €718 | €1,765 | €174 | ▼ 90.1% |
| Recurring financial income75 | €176 | €58 | €718 | €1,765 | €174 | ▼ 90.1% |
| Financial charges65/66B | - | - | €15,268 | €3,566 | €3,967 | ▲ 11.2% |
| Recurring financial charges65 | €7,292 | €5,448 | €15,268 | €3,566 | €3,967 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | -€26,649 | -€42,745 | €55,107 | €99,858 | €125,096 | ▲ 25.3% |
| Income taxes67/77 | €61 | €180 | €5,280 | €28,168 | €36,698 | ▲ 30.3% |
| Profit (loss) for the period9904 | -€26,711 | -€42,926 | €49,827 | €71,690 | €88,399 | ▲ 23.3% |
| Profit (loss) for the period to be appropriated9905 | -€26,711 | -€42,926 | €49,827 | €71,690 | €88,399 | ▲ 23.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,071 | €199,446 | €312,599 | €398,605 | €543,013 | ▲ 36.2% |
| Fixed assets21/28 | €97,481 | €99,813 | €188,348 | €169,968 | €151,888 | ▼ 10.6% |
| Tangible fixed assets22/27 | €97,481 | €99,813 | €163,348 | €144,968 | €151,888 | ▲ 4.8% |
| Land and buildings22 | - | - | €85,038 | €84,246 | €84,000 | ▼ 0.3% |
| Plant, machinery and equipment23 | - | - | €4,008 | €5,946 | €8,878 | ▲ 49.3% |
| Furniture and vehicles24 | - | - | €74,303 | €54,775 | €59,010 | ▲ 7.7% |
| Financial fixed assets28 | - | - | €25,000 | €25,000 | €0 | ▼ 100% |
| Current assets29/58 | €181,589 | €99,634 | €124,251 | €228,637 | €391,125 | ▲ 71.1% |
| Stocks and contracts in progress3 | €21,875 | €22,000 | €16,800 | €76,098 | €67,540 | ▼ 11.2% |
| Stocks30/36 | - | - | €16,800 | €19,600 | €24,850 | ▲ 26.8% |
| Contracts in progress37 | - | - | - | €56,498 | €42,690 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €59,436 | €42,985 | €63,747 | €126,150 | €187,648 | ▲ 48.7% |
| Trade receivables40 | - | - | €37,205 | €50,386 | €30,019 | ▼ 40.4% |
| Other amounts receivable41 | - | - | €26,542 | €75,765 | €157,629 | ▲ 108% |
| Cash at bank and in hand54/58 | €278 | €9,649 | €43,703 | €26,389 | €135,936 | ▲ 415% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,071 | €199,446 | €312,599 | €398,605 | €543,013 | ▲ 36.2% |
| Equity10/15 | €147,953 | €105,028 | €154,854 | €199,860 | €288,259 | ▲ 44.2% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €36,876 | €36,876 | €86,703 | €131,709 | €220,107 | ▲ 67.1% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €84,843 | €129,849 | €218,247 | ▲ 68.1% |
| Profit (loss) carried forward14 | €104,877 | €61,951 | €61,951 | €61,951 | €61,951 | = |
| Amounts payable17/49 | €131,118 | €94,419 | €157,744 | €198,744 | €254,754 | ▲ 28.2% |
| Amounts payable after more than one year17 | €57,279 | €53,783 | €98,659 | €79,204 | €59,360 | ▼ 25.1% |
| Financial debts170/4 | - | - | €98,659 | €79,204 | €59,360 | ▼ 25.1% |
| Amounts payable within one year42/48 | €73,838 | €40,636 | €59,086 | €119,541 | €195,395 | ▲ 63.5% |
| Current portion of amounts payable after more than one year42 | - | - | €19,074 | €31,122 | €34,844 | ▲ 12.0% |
| Trade debts44 | €46,779 | €17,169 | €38,868 | €49,517 | €124,099 | ▲ 151% |
| Suppliers440/4 | - | - | €38,868 | €49,517 | €124,099 | ▲ 151% |
| Taxes, remuneration and social security45 | - | - | €180 | €13,552 | €36,451 | ▲ 169% |
| Taxes450/3 | - | - | €180 | €13,552 | €35,284 | ▲ 160% |
| Remuneration and social security454/9 | - | - | - | - | €1,167 | - |
| Other amounts payable47/48 | - | - | €963 | €25,350 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,711 | -€42,926 | €49,827 | €71,690 | €88,399 | ▲ 23.3% |
| + Depreciation and write-downs630 | €11,549 | €12,925 | €10,822 | €14,114 | €23,861 | ▲ 69.1% |
| Operating cash flow (approximation) | -€15,161 | -€30,001 | €60,649 | €85,804 | €112,259 | ▲ 30.8% |
| Investment in fixed assets (approximation) | - | -€15,256 | -€99,357 | €4,267 | -€5,781 | ▼ 236% |
| Change in cash | - | €9,371 | €34,055 | -€17,315 | €109,548 | ▲ 733% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 25-09-2025
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €88,399 ▲23.3%
Operating result €128,889, net result €88,399, both a record.
31-12
Financial
Equity above €200,000Eq €288,259 ▲44.2%
3 profitable years in a row build equity to €288,259.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €49,827
Net result €49,827 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €154,854 ▲47.4%
Equity rises from €105,028 to €154,854.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€42,926
Net result drops to -€42,926, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 69 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 2008
Ground area
1,744 m²
Building footprint
238 m²
Volume, LiDAR
1,021 m³
Parcel 41038B0152/00E000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
WDVTS
since 20082.168.553.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038B0152/00E000 | Flanders | 1,744 m² | 1 · 238 m² | 6.8 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATIE COPPENS EINESTRAAT 34, 9700 OUDENAARDE- |
25-09-2025 → present |
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsSanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,661 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 (pre-2019)
Founded25-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43350Other building finishing work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.