Equity
€360,039 from €1.4m in 2021
Equity fell by 74% in 5 years.
WV3
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €815,364 (2020)
-not published
lowest -€17,807 (2008)
€109,309▼ 1.3%
peak €1.4m (2021)
€360,039▼ 32.4%
€527,011▲ 12.6%
peak 35.9 FTE (2026)
35.9 FTE▲ 14.0%
Board9 names since 2002
5 directorsKris Castelein and 4 others
Owners2 names in the annual accounts
100%Bike Republic and 1 other
Documentsfilings and deeds
01-10-202630 days before the deadline
2026financial year
Staff from 31.5 FTE to 35.9 FTECapital conversion · Amendment of the articles · Legal-form c… 16-07Reappointment: EY Bedrijfsrevisoren (statutory auditor) 26-01Dividend €282,000Equity from €532,730 to €360,0396 establishments registered
Key points
from the 2026 annual accountsStaff
39 employees on 31-03-2026
In 2026, 15 people joined and 9 left. On top of that, 2.7 agency workers worked there on average.
Payment terms
94 days to suppliers
WV3 pays its suppliers 5 days earlier than in 2025. Customers pay 30 days earlier.
Filings
23 annual accounts since 2003
The 2025 accounts came 265 days late. The other nine of the last ten were filed on time.
At the same address
10 companies
Board
5 joined · 2 left
Board changed. Latest change 16-07-2026 · 5 in office.
Checked score
89
Excellent
Financially stronger than 64% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.5%▲ +0.4 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.6%● unchanged vs 04-2026highest value
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.5%▼ -0.1 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
Size: turnover €3.0m, 35.9 FTE, total assets €887,050
lowers risk
Liquidity: current ratio 1.23, cash €379,890
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 62% of them on solvency, 88% on liquidity, 64% on profitability and 43% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as WV3 has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of WV3 itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,137 companies, not a prediction for WV3. 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
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.45 in 2025), below the usual 1.5. Short-term debt is 59.4% and cash 42.8% of total assets. 59.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-10-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
30 days early
2025
265 days late
2024
45 days early
2023
36 days early
2021
32 days early
2020
31 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 28 September (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- Bike Republic 100%score 47equity -€969,083 (2026) · deed of 16-07-2026
Recent changes
Capital conversion · Amendment of the articles · Legal-form change · Resignations & appointments
Resignations: COLRUYT Jozef, GOETHAERT Stefan, WILLEMYNS Jo, CASTELEIN Kris and VANDAMME Stefaan · Appointments: Stefan Goethaert, WILLEMYNS Jo, CASTELEIN Kris, VANBELLINGEN Peter and VANDAMME Stefaan · Permanent representative: GOETHAERT Stefan · General meeting of 29-06-2026 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WV3 Ghent | €0.9m | - | 40.6% | 35.9 |
| CANYON BICYCLES BELGIUM Rotselaar | €0.8m | €1.6m | 55.3% | 20.3 |
| BIKE CORNER Deinze | €0.9m | €0.2m | 99.5% | - |
| Fietsen Vandeputte Kruisem | €0.9m | €0.05m | 29.9% | - |
| MARINO QUALITY BIKE Lebbeke | €1.1m | €0.08m | 11.3% | - |
| INFOCUS Deinze | €0.7m | €0.2m | 74.6% | - |
| GEEDEBO Lochristi | €0.9m | €0.2m | 58.1% | - |
These companies have the same main activity as WV3: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €709,000 and €1.1m, founded between 2000 and 2012.
Official details
Source: KBO- Status
- Active since 11-06-2002Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Retail sale of bicyclesNACE 47632and 2 others
- Joint committees
- 201Independent retail
- 149.04Metal trade · annual accounts 31-03-2026
- Establishment units
- 2.090.399.8842470 Retie, since 11-03-1999
- 2.100.608.2442430 Laakdal, since 25-06-2002and 8 others
- Financial year end
- 31 March
- Peppol
- Reachable since 16-12-2025
Annual accounts to 31-03-2026
- €887,050▼ 11.4%
- Employeeson 31-03-2026
- 39▲ 18.2%
- Filing
- Filed on 01-10-2026, 30 days before the end of the filing period
Companies linked to WV3
Parent and group
Insights on WV3
WV3 has existed since 2002. In 2011 the gross margin rose from €86,766 to €216,390.
Solvency fell in 2026 from 53.2% to 40.6% because of the dividend.
Bike Republic holds all the shares.
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 WV3
- What is the company number of WV3?
- The company number of WV3 is 0477.728.760. The VAT number is the same number with BE in front: BE 0477.728.760.
- Where is WV3 based?
- The registered office is at Tramstraat 63, 9052 Ghent.Company details
- What does WV3 do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of WV3?
- WV3 is a public limited company (NV).
- When was WV3 founded?
- WV3 was founded on 11-06-2002.
- Is WV3 still active?
- Yes, WV3 is an active enterprise in the KBO register.
- How many employees does WV3 have?
- WV3 had an average of 35.9 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does WV3 fall under?
- In its 31-03-2026 annual accounts, WV3 states joint committees 201 (Independent retail) and 149.04 (Metal trade).
- What is the turnover of WV3?
- The turnover of WV3 was €3.0m in financial year 2026, according to the filed annual accounts.
- Is WV3 profitable?
- In financial year 2026, WV3 made a profit of €109,309.
- Where can I find the annual accounts of WV3?
- WV3 filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of WV3 due?
- WV3 must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.