Turnover
≈ €250,000 estimated
The micro format states no turnover.
WV Projects
Overview
Lifetime
1 annual account with figurespeak €82,235 (2025)
€82,235
peak €40,411 (2025)
€40,411
peak €41,411 (2025)
€41,411
€353,717
Board1 name since 2024
1 directorWILLEMSEN Vincent
Documentsfilings and deeds
31-08-202631 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsDebts
€353,717 90% of the balance sheet
Financial debts 64%Suppliers 4%Taxes and wages 3%Other 29%
Of this, €128,717 falls due within a year.
Position in the sector
10.5%
Lower solvency than 84% of companies in repair and installation of machinery. Sector median 45.4% · 1,697 companies.
2025 accounts filed 31 days after the deadline
Checked score
48
Fair
Financially stronger than 32% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,396 companies (NACE 33, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.8%lowest value
12-2025: 1.9%▲ +0.1 percentage points vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▲ +0.3 percentage points vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.9%▲ +0.2 percentage points vs 04-2026
06-2026: 3.0%▲ +0.1 percentage points vs 05-2026
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 2.9%● unchanged vs 07-2026
09-2026: 3.9%▲ +1.0 percentage point vs 08-2026highest value
10-2026: 3.9%● unchanged vs 09-2026
11-2026: 3.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.54, cash €3
Founded in 2024
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €395,127
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 33, micro). It does better than 16% of them on solvency, 25% on liquidity and 56% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 7,976 companies had the same profile as WV Projects has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WV Projects itself: 3.9% 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 7,976 companies, not a prediction for WV Projects. 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 €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.54, below 1. Short-term debt is 32.6% and cash 0% of total assets. 89.5% 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1697 sector peers (2025).
NBB · sector comparisonPosition among 1697 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014546358
Incorporation
Founding capital of €1,000, 100 shares · Founder: WILLEMSEN Vincent · Appointment: WILLEMSEN Vincent (director) · published on 04-10-2024 · Gazette deed
First establishment
Heuvel 20, Kalmthout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WV Projects Kalmthout | €395,127 | €82,235 | 10.5% | - |
| Aditek Industry Ravels | €282,202 | €58,255 | 3.1% | - |
| Bossaert koeling Ypres | €332,712 | €76,341 | 33.4% | - |
| CLAUGER BELGIUM Watermael-Boitsfort | €534,873 | €95,409 | 17.4% | - |
| ELECTRO & MEDICAL SUPPLY Steenokkerzeel | €307,421 | €58,585 | 18.0% | - |
| SKYLER Andenne | €436,013 | €119,908 | 19.5% | - |
| IVRenergy Antwerp | €283,173 | €85,992 | 95.9% | - |
These companies have the same main activity as WV Projects: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €282,000 and €535,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 02-10-2024Normal situation
- Activity
- Installation of industrial machinery and equipmentNACE 33200
- Establishment unit
- 2.364.843.7662920 Kalmthout, since 02-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Insights on WV Projects
The computed 12-month bankruptcy probability of WV Projects is 3.9% (moderate). The 2025 annual accounts show equity of €41,411 and a net result of €40,411.
Its solvency ranks better than 15% of 1,697 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€82,235
€54,700
€40,411
-€58,766
10.5%
0.54
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €160,000 and €430,000.
Balance sheet
balance sheet total €395,127 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
10.5%
Higher than 15% of 1,697 companies in 2025.
0.54
Higher than 8% of 1,659 companies in 2025.
10.2%
Higher than 48% of 1,664 companies in 2025.
WV Projects
Middle half of the sector
80% of the sector
Micro accounts in repair and installation of machinery (NACE 33)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
395,127 | |
21/28 |
325,176 | |
22/27 |
325,176 | |
22 |
303,653 | |
23 |
10,977 | |
24 |
10,547 | |
29/58 |
69,951 | |
40/41 |
69,948 | |
40 |
69,948 | |
54/58 |
3 | |
| Balance sheet: equity and liabilities | ||
10/49 |
395,127 | |
10/15 |
41,411 | |
10/11 |
1,000 | |
14 |
40,411 | |
17/49 |
353,717 | |
17 |
225,000 | |
170/4 |
225,000 | |
42/48 |
128,717 | |
42 |
13,542 | |
44 |
15,728 | |
440/4 |
15,728 | |
45 |
10,431 | |
450/3 |
10,431 | |
47/48 |
89,015 | |
| Income statement | ||
9900 |
82,235 | |
630 |
25,060 | |
640/8 |
2,476 | |
9901 |
54,700 | |
75/76B |
93 | |
75 |
93 | |
65/66B |
10,862 | |
65 |
10,862 | |
9903 |
43,931 | |
67/77 |
3,520 | |
9904 |
40,411 | |
9905 |
40,411 | |
| Appropriation of the result | ||
9906 |
40,411 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467254.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00467254 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 79,760 | ||
| 65,470 | ||
| 350,236 | ||
| -58,766 | ||
| 10.5% | ||
| 0.54 | ||
| 8.54 | ||
| 97.6% | ||
| 10.2% | ||
| 7.34 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €350,236 |
| €25,060 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on WV Projects
Debt's share of the balance-sheet total is 89.5%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 04-10-2024
listed in the 2025 annual accounts, filed on 31-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “8. Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel…”deed of 04-10-2024
Mandates through the years
1 name, the dashed line is todayWILLEMSEN Vincent
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- WILLEMSEN Vincent
- Director (not named in the articles), appointed by deed of 04-10-2024, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €414 in 2025
- Source
- deed of 04-10-2024
Articles of association
deed of 04-10-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 04-10-2024 ↗
- WILLEMSEN Vincent sole founder · 100% at incorporation
Network & group
No group
WV Projects has no parent and no holdings in its annual accounts. WILLEMSEN Vincent is the only director. WV Projects shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1014546358
2024
IncorporationFounding capital of €1,000, 100 shares · Founder: WILLEMSEN Vincent · Appointment: WILLEMSEN Vincent (director) · published on 04-10-20245 points ▸
- Founder, WILLEMSEN Vincent
- Founding capital, €1,000, 100 shares
- Registered office clause, Heuvel 20, 2920 Kalmthout
- Board rule, 1
- Director appointment, WILLEMSEN Vincent (director (not named in the articles))
- The deed holds 2 more points.
First establishment Heuvel 20, Kalmthout
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1014.546.358
- VAT number
- BE 1014.546.358
- Peppol ID
- 0208:1014546358
- Other Peppol ID
- 9925:BE1014546358
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:00deed of 04-10-2024 (in Dutch)
- Peppol
- Reachable since 10-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- WV Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-10-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- WV Projectsdeed of 04-10-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 04-10-2024 (in Dutch)
Activities
NACEBEL 202533200
Installation of industrial machinery and equipment main activity
Codes under NACEBEL 2008
33200
Installation of industrial machinery and equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Tegelwerk,chape en klinkers; Loodgieterij; Automatisatie machines industrieel; Reparatie van machines,installatie van industriële…”deed of 04-10-2024 (in Dutch)
10 activities
- Tegelwerk,chape en klinkers
- Loodgieterij
- Automatisatie machines industrieel
- Reparatie van machines,installatie van industriële machines,toestellen en werktuigen
- Tuinaanleg en -onderhoud
- Sloopwerk,grondwerk (loon)
- Laswerk,montage
- Metsen en voegen
- Installatie zwembad
- Paarden (fok,verkoop,rijden) en accessoires
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Heuvel 20 registered office 2920 Kalmthout | 02-10-2024 | 2.364.843.766 |
Buildings and parcels at the address
- Ground area
- 2,042 m²
- Buildings
- 183 m²
- Volume, LiDAR
- 1,007 m³
- Tallest building
- 9.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11022G0056/00L000 | 2,042 m² | 1 · 183 m² | 9.7 m · 2 |