Financials
- Fiscal year
- 2025
- Total assets
- €1.1m
- Profit
- €623,657
- Solvency
- 44.2%
Total assets▲ 67.1%
Net result
20182025
WIVAS
ActiveSummary
WIVAS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €494,132 and a net result of €623,657. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 62% of 1775 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Renting and leasing of other machinery, equipment and tangible goods
NACE 77399NACE 71340
#2 oldest company in Langemark-Poelkapelle, Administrative and support services sector1 site
Size
€1.1mtotal assets 2025
- Equity
- €494,132
- Profit
- €623,657
Turnover not published (abridged schema)
Structure
- Board
- 1 member
Accounts filed 61 d late1 of 4 deeds read
Why 89- 1 change of registered office in 24 months- Latest accounts 61 days late; 1 of the last 3 late+ Size: total assets €1.1m+ Liquidity: current ratio 1.36, cash €806,919Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (NACE 77, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
69-31
equity 44.2% of total assets
Liquidity
71+17
short-term debt 55.7% · cash 72.3%
Profitability
100+58
return on assets 55.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%▼ -1.6% vs 11-2024
01-2025: 0.1%▼ -3.2% vs 12-2024
02-2025: 0.1%▲ +0.8% vs 01-2025
03-2025: 0.1%▲ +2.5% vs 02-2025
04-2025: 0.1%● 0.0% vs 03-2025
05-2025: 0.1%▲ +0.8% vs 04-2025
06-2025: 0.1%● 0.0% vs 05-2025
07-2025: 0.2%▲ +36.0% vs 06-2025
08-2025: 0.3%▲ +50.0% vs 07-2025
09-2025: 0.1%▼ -53.7% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%▼ -2.5% vs 12-2025lowest value
02-2026: 0.4%▲ +275% vs 01-2026
03-2026: 0.4%▼ -0.7% vs 02-2026
04-2026: 0.5%▲ +5.1% vs 03-2026
05-2026: 0.5%▲ +20.7% vs 04-2026
06-2026: 0.5%▼ -7.9% vs 05-2026
07-2026: 0.5%▲ +5.2% vs 06-2026
08-2026: 0.7%▲ +29.7% vs 07-2026
09-2026: 0.9%▲ +32.0% vs 08-2026highest value
10-2026: 0.2%▼ -74.7% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Latest accounts 61 days late; 1 of the last 3 late raises the probability
- Size: total assets €1.1m lowers the probability for this profile
- Liquidity: current ratio 1.36, cash €806,919 lowers the probability
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 20.58 in 2024; short-term debt: 55.7% and cash: 72.3% of total assets), and 55.8% of the assets are financed with debt.
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 77, micro). Better than this share of them on solvency 60%, liquidity 82%, profitability 95%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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
61 d late
2024
19 d late
2023
30 d late
2022
32 d late
2021
31 d late
2020
30 d late
2019
31 d late
← 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 33 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Registered office · Capital & shares…Appointment: VULSTEKE Marc (enige niet…
- Highest result since 2018net €623,657 ▲5,038%
Key points
- Positive: Result rose in 2025from €12,138 to €623,657 ▲ 5,038% View
- Positive: Among the best 5% on net resultsector median €5,511 · 1,776 companies €623,657 View
- Caution: Latest accounts filed lateafter the legal deadline 61 d View
- Positive: 8 profitable years in a rowprofit 2025: €623,657 8 years View
- Branch transferred to MAFECOcontribution on 20-01-2026 2026 View
- New directorlatest change 20-01-2026 · 1 in office 1 joined View
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 30-09-2026Annual accounts filed
- 20-01-2026Registered office · Capital & shares ·…
- 31-12-2025Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and leasing of other machinery, equipment and…NACE 77399
- Founded
- 26-02-1993
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Articles of association
- Provisions read
- 22
- Who signs
- Each director alone
- Annual meeting
- Second Saturday of May at 15:00
- Purpose
- Het optreden als zelfstandig commissionair of handelsagent; Het verlenen van diensten en…
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 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 What changed in the latest annual accounts?What changed
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.