Equity
€347,051 from €1.7m in 2021
Equity fell by 79% in 5 years.
WV1
Lifetime
11 annual accounts with figures on one time axis, 12 filings since 2015peak €10.8m (2017)
€4.1m▲ 11.5%
peak €730,293 (2021)
€152,291▼ 14.2%
peak €1.7m (2021)
€347,051▼ 7.4%
€868,279▲ 34.4%
peak 44.7 FTE (2023)
42.8 FTE▼ 3.2%
Board17 names since 2019all names
7 directorsCASTELEIN Kris Roger and 6 others
Owners5 names in the annual accounts
100%Bike Republic and 1 other
Documentsfilings and deeds
01-10-202630 days before the deadline
2026financial year
5 directors appointed, 5 resignations, 1 statutory auditor re… 16-07Dividend €180,000Debts from €645,823 to €868,2795 establishments registeredCash from €119,140 to €798,292
Key points
from the 2026 annual accountsDebts
€868,279 71% of the balance sheet
Suppliers 41%Taxes and wages 59%
Staff
51 employees on 31-03-2026
In 2026, 15 people joined and 15 left. On top of that, 0.1 agency workers worked there on average.
Payment terms
118 days to suppliers
WV1 pays its suppliers 11 days later than in 2025. Customers pay 52 days earlier.
Filings
12 annual accounts since 2015
Four of the last ten came late. The 2025 accounts came latest: 265 days after the end of the period.
Board
5 joined · 2 left
Board changed. Latest change 16-07-2026 · 7 in office.
Checked score
67
Healthy
Financially stronger than 56% of small companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.3 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 5.4%▲ +5.3 percentage points vs 09-2025highest value
11-2025: 5.4%● unchanged vs 10-2025highest value
12-2025: 5.4%● unchanged vs 11-2025highest value
01-2026: 5.4%● unchanged vs 12-2025highest value
02-2026: 5.4%● unchanged vs 01-2026highest value
03-2026: 5.3%▼ -0.1 percentage points vs 02-2026
04-2026: 5.0%▼ -0.3 percentage points vs 03-2026
05-2026: 5.0%● unchanged vs 04-2026
06-2026: 4.9%▼ -0.1 percentage points vs 05-2026
07-2026: 4.6%▼ -0.3 percentage points vs 06-2026
08-2026: 4.5%▼ -0.1 percentage points vs 07-2026
09-2026: 4.5%● unchanged vs 08-2026
10-2026: 1.0%▼ -3.5 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Judicial reorganisation on record (2 publications, latest 16-11-2018)
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.38, cash €798,292
Founded in 2015
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 46, small). It does better than 33% of them on solvency, 80% on liquidity, 62% on profitability and 50% 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 low class on 30-06-2025, 0.8% 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, 2,609 companies had the same profile as WV1 has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of WV1 itself: 1.0% 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 2,609 companies, not a prediction for WV1. 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 €23,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Liquidity is tight, with a current ratio of 1.38 (1.53 in 2025), below the usual 1.5. Short-term debt is 71.4% and cash 65.7% of total assets. 71.4% 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
2022
40 days early
2021
38 days early
2020
30 days late
← 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 15 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 25 September (4 of the last 5 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
CJ
Colruyt Jef
Director, since 28-11-2019
- Bike Republic 100%score 47equity -€969,083 (2026) · deed of 16-07-2026
- Colruyt Group NV consolidatesannual accounts 31-03-2026
Recent changes
5 directors appointed, 5 resignations, 1 statutory auditor reappointed
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
3 establishments registered
Sint-Niklaas, Antwerp and Lier
2 establishments registered
Antwerp
Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
General meeting of 06-09-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WV1 Ghent | €1.2m | - | 28.6% | 42.8 |
| 2 wielen Hamme (Vl.) | €1.5m | €78,512 | 96.3% | - |
| GEEDEBO Lochristi | €0.9m | €158,595 | 58.1% | - |
| De Vélo Soigneur Alken | €0.9m | €230,872 | 26.6% | - |
| CYCLES PITAU Charleroi | €0.9m | €249,745 | 81.1% | - |
| KIDSCAB Hasselt | €0.9m | €247,014 | 75.4% | - |
| BZen Sprimont | €1.5m | €127,415 | 44.9% | - |
These companies have the same main activity as WV1: wholesale trade (NACE 46495). They are comparable in size and age: total assets between €875,000 and €1.5m, founded between 2008 and 2017.
Official details
Source: KBO- Status
- Active since 26-03-2015Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Wholesale tradeNACE 46495and 1 other
- Joint committees
- 201Independent retail
- 149.04Metal trade · annual accounts 31-03-2026
- Establishment units
- 2.243.913.9652110 Wijnegem, since 01-06-2015
- 2.246.894.4392530 Boechout, since 01-10-2015and 8 others
- Financial year end
- 31 March
- Peppol
- Not found in the Peppol Directory
Annual accounts to 31-03-2026
- €1.2m▲ 19.1%
- Employeeson 31-03-2026
- 51=
- Filing
- Filed on 01-10-2026, 30 days before the end of the filing period
Companies linked to WV1
Parent and group
Insights on WV1
WV1 has existed since 2015. Turnover fell from €10.8m in 2017 to €1.6m in 2019 and staff from 36.1 to 21.9 full-time equivalents. This financial year ran 8 months, the previous one 16.
Solvency fell in 2026 from 36.7% to 28.6% 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 WV1
- What is the company number of WV1?
- The company number of WV1 is 0627.969.585. The VAT number is the same number with BE in front: BE 0627.969.585.
- Where is WV1 based?
- The registered office is at Tramstraat 63, 9052 Ghent.Company details
- What does WV1 do?
- According to the KBO register, the main activity is wholesale trade (NACE 46495).
- What is the legal form of WV1?
- WV1 is a public limited company (NV).
- When was WV1 founded?
- WV1 was founded on 26-03-2015.
- Is WV1 still active?
- Yes, WV1 is an active enterprise in the KBO register.
- How many employees does WV1 have?
- WV1 had an average of 42.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does WV1 fall under?
- In its 31-03-2026 annual accounts, WV1 states joint committees 201 (Independent retail) and 149.04 (Metal trade).
- What is the turnover of WV1?
- The turnover of WV1 was €4.1m in financial year 2026, according to the filed annual accounts.
- Is WV1 profitable?
- In financial year 2026, WV1 made a profit of €152,291.
- Where can I find the annual accounts of WV1?
- WV1 filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of WV1 due?
- WV1 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.