WIVARCO
ActiveWIVARCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €539k and a net result of €120k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 115 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability77▼-2
Solvency56▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.95 in 2025; short-term debt: 65.3% and cash: 7.8% of total assets), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
30.7%
Return on assets
6.9%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 17-09-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
44 d early
2025
18 d early
2024
41 d early
2023
36 d early
2022
7 d early
2021
6 d early
2020
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€539k▲ 22.2%
2025 · €441k
2019: €171k
2020: €154k
2021: €174k
2022: €177k
2023: €209k
2024: €306k
2025: €441k
2019 → 2026
Total assets
€1.76M▲ 6.6%
2025 · €1.65M
2019: €996k
2020: €977k
2021: €874k
2022: €969k
2023: €777k
2024: €1.84M
2025: €1.65M
2019 → 2026
Net result
€120k▼ 14.7%
2025 · €141k
2019: €7k
2020: €5k
2021: €21k
2022: €56k
2023: €38k
2024: €106k
2025: €141k
2019 → 2026
Working capital
€37k
2025 · €-57k
2019: €276k
2020: €279k
2021: €-11k
2022: €32k
2023: €-136k
2024: €52k
2025: €-57k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€177k-€209k▲ 17.6%€306k▲ 46.8%€441k▲ 44.1%€539k▲ 22.2%
Operating result€86k-€69k▼ 19.4%€154k▲ 124%€201k▲ 30.2%€192k▼ 4.8%
Net result€56k-€38k▼ 32.9%€106k▲ 179%€141k▲ 33.5%€120k▼ 14.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 5% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.76M
Fixed assets
€571k▲ 2.3%
Current assets
€1.18M▲ 8.9%
Equity and liabilities €1.76M
Equity
€539k▲ 22.2%
Debt
€1.22M▲ 0.9%
The debt ratio falls from 73.2% to 69.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€256k▲
2025 · €244k
Cash flow
€185k▲
2025 · €184k
Solvency
30.7%▲
2025 · 26.8%
Current ratio
1.03▲
2025 · 0.95
Quick ratio
1.00▲
2025 · 0.95
Debt / equity
2.26▼
2025 · 2.73
ROE
22.3%▼
2025 · 32.0%
ROA
6.9%▼
2025 · 8.6%
Interest coverage
9.51▼
2025 · 12.04
Debt
€1.22M▲
2025 · €1.21M
Debt ≤ 1 year
€1.15M▲
2025 · €1.14M
Debt > 1 year
€60k=
2025 · €60k
Income taxes
€61k▼
2025 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€1.65M€1.76M▲
Fixed assets21/28€559k€571k▲
Tangible fixed assets22/27€548k€561k▲
Land and buildings22€495k€517k▲
Plant, machinery and equipment23€33k€26k▼
Furniture and vehicles24€20k€19k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.09M€1.18M▲
Stocks and contracts in progress3-€37k
Stocks30/36-€37k
Amounts receivable within one year40/41€519k€313k▼
Trade receivables40€515k€297k▼
Other amounts receivable41€4k€16k▲
Current investments50/53€8k€692k▲
Cash at bank and in hand54/58€557k€137k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.76M▲
Equity10/15€441k€539k▲
Contributions10/11€59k€59k=
Reserves13€383k€481k▲
Tax-exempt reserves132€18k€18k=
Distributable reserves133€365k€463k▲
Amounts payable17/49€1.21M€1.22M▲
Amounts payable after more than one year17€60k€60k=
Financial debts170/4€60k€60k=
Amounts payable within one year42/48€1.14M€1.15M▲
Trade debts44€870k€891k▲
Suppliers440/4€870k€891k▲
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€10k€6k▼
Other amounts payable47/48€265k€251k▼
Accrued charges and deferred income492/3€655€9k▲
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€64k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€247k€258k▲
Operating profit (loss)9901€201k€192k▼
Financial income75/76B€30k€17k▼
Recurring financial income75€30k€17k▼
Financial charges65/66B€22k€27k▲
Recurring financial charges65€20k€27k▲
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€209k€182k▼
Income taxes67/77€68k€61k▼
Profit (loss) for the period9904€141k€120k▼
Profit (loss) for the period to be appropriated9905€141k€120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€141k€120k▼
Transfer from equity791/2€6k€22k▲
Transfer to equity691/2€141k€120k▼
To other reserves6921€141k€120k▼
Profit to be distributed694/7€6k€22k▲
Return on contributions (dividend)694€6k€22k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Equity above €500kEq €539k ▲22.2%
8 profitable years in a row build equity to €539k.
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €141k ▲33.5%
Operating result €201k, net result €141k, both a record.
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €200kEq €209k ▲17.6%
5 profitable years in a row build equity to €209k.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
31-03
Financial
Weakest financial yearnet €5k ▼30.3%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Poperinge · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hazenbilken 1A8978 PoperingeGround area
1,406 m²
Building footprint
648 m²
Volume, LiDAR
2,996 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WIVARCO
since 20042.143.602.208
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33028D0084/00E000 | Flanders | 984 m² | 1 · 363 m² | 8.5 m · 2 fl. |
| 33028D0084/00F000 | Flanders | 422 m² | 1 · 284 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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UNIVERSAL CONCEPT
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Of 1,428 companies in sector 46389 we hold annual accounts for 856. 544 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2003
Fiscal year end31-03
Activities, NACEBEL
46389Wholesale of other food products
51384
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.