Equity
-€6,771
Debts exceed assets in financial year 2025.
WVB
Overview
Lifetime
4 annual accounts with figures on one time axispeak €14,550 (2024)
-€11,379▼ €25,929
lowest -€19,559 (2025)
-€19,559▼ €25,790
peak €12,788 (2024)
-€6,771▼ €19,559
€40,474▲ 18.6%
Board2 names since 2022
1 directorVAN BELLEGHEM Wim Peter
Documentsfilings and deeds
21-04-2026101 days before the deadline
2025micro format
Gross margin from €14,550 to -€11,379Loss of €19,559Equity from €12,788 to -€6,771Debts from €34,119 to €40,474Cash from €28,575 to €6,250
Key points
from the 2025 annual accountsDebts
€40,474 120% of the balance sheet
Suppliers 4%Taxes and wages 0%Other 96%
Of this, €40,417 falls due within a year.
Liquidity
0.56 was 1.40 in 2024
Short-term debts rose from €20,493 to €40,417.
Filings
4 annual accounts 3 late
The 2024 accounts came latest: 60 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 21-05-2026 · 1 in office.
Position in the sector
-€19,559
Lower net result than 88% of companies in retail trade. Sector median €5,052 · 22,900 companies.
Turnover not published (micro format)
Checked score
46
Fair
Financially stronger than 11% of micro companies in retail trade (NACE 47)
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: 0.6% across 40,275 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.5%▼ -0.1 percentage points vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.6%▲ +0.1 percentage points vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.6%● unchanged vs 05-2025
07-2025: 2.6%● unchanged vs 06-2025
08-2025: 3.3%▲ +0.7 percentage points vs 07-2025
09-2025: 3.6%▲ +0.3 percentage points vs 08-2025
10-2025: 1.6%▼ -2.0 percentage points vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.3%▼ -0.3 percentage points vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026lowest value
05-2026: 2.7%▲ +1.5 percentage points vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026
07-2026: 3.9%▲ +1.2 percentage points vs 06-2026
08-2026: 3.9%● unchanged vs 07-2026highest value
09-2026: 3.9%● unchanged vs 08-2026highest value
10-2026: 3.9%● unchanged vs 09-2026highest value
11-2026: 3.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €19,559 (financial year 2025)
Negative equity -€6,771
lowers risk
Size: total assets €33,702
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, micro). It does better than 14% of them on solvency, 21% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 7,639 companies had the same profile as WVB has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WVB 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 7,639 companies, not a prediction for WVB. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.56 (1.4 in 2024), below 1. Short-term debt is 119.9% and cash 18.5% of total assets. Equity is negative.
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 riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€6,771
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
101 days early
2024
60 days late
2023
54 days late
2022
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 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 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0783696850
Registered office moved from Heestert to Waregem
New registered office: Kraaienveld 5, 8790 Waregem · Previous registered office: Remi Deprezstraat 15, 8551 Heestert · Resignation: Wim Van Belleghem (director) · Gazette deed
Incorporation
Founding capital of €25,000, 100 shares · Founder: VAN BELLEGHEM Wim Peter · Appointment: VAN BELLEGHEM Wim Peter (director) · published on 24-03-2022 · Gazette deed
First establishment
WVB / BELLAUCTION, Kraaienveld 5, Waregem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WVB Waregem | €33,702 | -€11,379 | -20.1% | - |
| D&N Trading Kortrijk | €37,655 | -€456 | 20.5% | - |
| Haydream Poperinge | €30,321 | -€1,219 | -115.6% | - |
| BROK Ghent | €30,179 | -€12,468 | -33.9% | - |
| Label Meunier Wanze | €31,572 | -€3,889 | -287.5% | - |
| NUQIHAIR Evere | €31,312 | -€5,342 | 8.1% | - |
| ANTEROS Schaerbeek | €39,560 | -€6,361 | -261.9% | - |
These companies have the same main activity as WVB: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €30,200 and €39,600, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 22-03-2022Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 4 others
- Establishment unit
- 2.330.148.3518790 Waregem, since 22-03-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2026
Annual accounts 2025
- -€11,379
- €19,559
- -€6,771
- €33,702▼ 28.2%
- Filing
- Filed on 21-04-2026, 101 days before the end of the filing period
Insights on WVB
WVB files the micro format. That format states no turnover. The gross margin rose from -€11,422 in 2022 to -€11,379 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-04-2026, 101 days before the deadline-€11,379
▼ €25,929
-€19,463
▼ €26,556
-€19,559
▼ €25,790
-€17,591
▼ €25,691
-20.1%
▼ 47.4 percentage points
0.56
▼ 0.83
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €33,702 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-20.1%
Higher than 16% of 22,917 companies in 2025.
0.56
Higher than 15% of 22,047 companies in 2025.
-58.0%
Lower than 95% of 22,197 companies in 2025.
WVB
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
33,702 | 46,907 | 72,361 | 66,653 | |
21/28 |
10,876 | 18,314 | 25,050 | 32,292 | |
21 |
10,565 | 17,807 | 25,050 | 32,292 | |
22/27 |
311 | 506 | - | - | |
24 |
311 | 506 | - | - | |
29/58 |
22,826 | 28,593 | 47,311 | 34,361 | |
40/41 |
16,563 | 18 | 32,833 | 20,569 | |
40 |
16,100 | 0 | 32,832 | 20,024 | |
41 |
463 | 18 | 1 | 545 | |
54/58 |
6,250 | 28,575 | 14,479 | 13,792 | |
490/1 |
13 | - | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
33,702 | 46,907 | 72,361 | 66,653 | |
10/15 |
-6,771 | 12,788 | 6,557 | 9,612 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | |
14 |
-31,771 | -12,212 | -18,443 | -15,388 | |
17/49 |
40,474 | 34,119 | 65,804 | 57,041 | |
17 |
0 | 13,500 | 25,000 | 25,000 | |
170/4 |
0 | 13,500 | 25,000 | 25,000 | |
42/48 |
40,417 | 20,493 | 40,804 | 32,041 | |
42 |
17,000 | 6,000 | - | - | |
44 |
1,562 | 221 | 24,846 | 22,040 | |
440/4 |
1,562 | 221 | 24,846 | 22,040 | |
46 |
18,993 | - | - | - | |
45 |
111 | 5,792 | 1,178 | 1 | |
450/3 |
111 | 5,792 | 1,178 | 1 | |
47/48 |
2,750 | 8,480 | 14,780 | 10,000 | |
492/3 |
57 | 126 | - | - | |
| Income statement | |||||
9900 |
-11,379 | 14,550 | 6,194 | -11,422 | |
630 |
7,438 | 7,322 | 7,242 | 3,919 | |
640/8 |
647 | 136 | 115 | - | |
9901 |
-19,463 | 7,093 | -1,164 | -15,341 | |
75/76B |
0 | 11 | 0 | - | |
75 |
0 | 11 | 0 | - | |
65/66B |
96 | 873 | 1,892 | 46 | |
65 |
96 | 873 | 1,892 | 46 | |
9903 |
-19,559 | 6,231 | -3,055 | -15,388 | |
9904 |
-19,559 | 6,231 | -3,055 | -15,388 | |
9905 |
-19,559 | 6,231 | -3,055 | -15,388 | |
| Appropriation of the result | |||||
9906 |
-31,771 | -12,212 | -18,443 | -15,388 | |
14P |
-12,212 | -18,443 | -15,388 | - | |
| Document | |||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -12,026 | 14,414 | 6,079 | -11,422 | ||
| -12,122 | 13,553 | 4,187 | -11,468 | ||
| 0 | 586 | 0 | 36,211 | ||
| -22,325 | 14,097 | 686 | - | ||
| -17,591 | 8,100 | 6,507 | 2,320 | ||
| -20.1% | 27.3% | 9.1% | 14.4% | ||
| 0.56 | 1.40 | 1.16 | 1.07 | ||
| - | 2.67 | 10.04 | 5.93 | ||
| - | 48.7% | -46.6% | -160.1% | ||
| -58.0% | 13.3% | -4.2% | -23.1% | ||
| -125.53 | 16.51 | 3.21 | -246.43 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €586 | - | - |
| Intangible fixed assets | - | - | - | €36,211 |
| Financial fixed assets | €0 | - | - | - |
| €7,438 | €7,322 | €7,242 | €3,919 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on WVB
The operating result for 2025 is a loss of €19,463, after a profit of €7,093 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€40,474) exceeds the balance-sheet total (€33,702).
Board & ownership
Board
1 director, no change since May 2026- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-03-2022
Mandates through the years
2 names, the dashed line is todayCharlotte Adams
Director
Director
VAN BELLEGHEM Wim Peter
Director
Director
BoardEarlier
Mandates as a list
- Charlotte Adams
- Director, appointed by deed of 15-06-2026, still in office
- VAN BELLEGHEM Wim Peter
- Director, appointed by deed of 24-03-2022, until 21-05-2026
Control
Capital
- Contribution
- €25,000
- Shares
- 100
- Contribution per share
- €250
- Equity per share
- -€67.71 in 2025
- Source
- deed of 24-03-2022
Articles of association
deed of 24-03-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 11:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Aanduiden vereffenaars,omlijnen bevoegdheden en bepalen vergoeding, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien…”
Shareholders
At incorporation
deed of 24-03-2022 ↗
- VAN BELLEGHEM Wim Peter 100 shares (100%) · €25,000 in cash
Network & group
No group
WVB has no parent and no holdings in its annual accounts. Charlotte Adams is the only director. WVB shares no director with another company.
At the same address
Kraaienveld 5, 8790 Waregem · 1 other company| Agri De Baere
registered office since 30-08-2024 · founded in 2024 |
total assets €177,509 (2025) 1012.971.394 |
Timeline
Timeline
10 events since 2022Board
Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0783696850
Registered office moved from Heestert to WaregemNew registered office: Kraaienveld 5, 8790 Waregem · Previous registered office: Remi Deprezstraat 15, 8551 Heestert · Resignation: Wim Van Belleghem (director)3 points ▸
- Director resignation, Wim Van Belleghem
- Director appointment, Charlotte Adams
- Registered-office move, Kraaienveld 5, 8790 Waregem
Annual accounts 2025 filed PDFmicro format · 101 days before the deadline
2025
Weakest financial year net -€19,559 The net result drops to -€19,559, the lowest from 2022 to 2025.
Annual accounts 2024 filed PDFmicro format · 60 days late
2024
Back to profit net €6,231 The net result is €6,231, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 54 days late
2023
Annual accounts 2022 filed PDFmicro format · 17 days late
2022
IncorporationFounding capital of €25,000, 100 shares · Founder: VAN BELLEGHEM Wim Peter · Appointment: VAN BELLEGHEM Wim Peter (director) · published on 24-03-20224 points ▸
- Founder, VAN BELLEGHEM Wim Peter
- Founding capital, €25,000, 100 shares
- Director appointment, VAN BELLEGHEM Wim Peter
- Registered office clause, Remi Deprezstraat 15, 8551 Zwevegem (Heestert)
- The deed holds 3 more points.
First establishment WVB / BELLAUCTION, Kraaienveld 5, Waregem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 22 March 2022, WVB was incorporated as a private limited company by one natural person, with a starting capital of €25,000.12 In 2026 the registered office moved to Waregem.3 Charlotte Adams is director of the company, appointed by deed of 15-06-2026.3 Total assets went from €66,653 in 2022 to €33,702 in 2025.4
Company details
Identity
- Enterprise number
- 0783.696.850
- VAT number
- BE 0783.696.850
- Peppol ID
- 0208:0783696850
- Other Peppol ID
- 9925:BE0783696850
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-03-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 11:00deed of 24-03-2022 (in Dutch)
- Peppol
- Reachable since 08-07-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- WVB in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-03-2022 (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 24-03-2022 (in Dutch)
Activities
NACEBEL 202547120
Other non-specialised retail sale main activity
Codes under NACEBEL 2008
47910
Retail trade main activity
46180
Wholesale trade
46190
Wholesale trade
46499
Wholesale of other household goods
47990
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Handelsbemiddeling algemeen assortiment; Zowel groot- en kleinhandel,als import en export,als aan- en verkoop,als de vertegenwoordiging,met…”deed of 24-03-2022 (in Dutch)
4 activities
- Handelsbemiddeling algemeen assortiment
- Zowel groot- en kleinhandel,als import en export,als aan- en verkoop,als de vertegenwoordiging,met andere woorden handel in de meest ruime zin van alle roerende goederen,materialen,gereedschappen of voorraden.
- Assistentie bij faillissementen en aan curatoren in het kader van openbare verkopen en veilingen
- Organiseren van (algemene) openbare verkopen en veilingen,dit eveneens via het internet
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| WVB / BELLAUCTION registered office Kraaienveld 5, 8790 Waregem | 22-03-2022 | 2.330.148.351 |
1 former office
- 8551 Heestert until 21-05-2026 · deed of 15-06-2026
Buildings and parcels at the address
- Ground area
- 556 m²
- Buildings
- 166 m²
- Volume, LiDAR
- 935 m³
- Tallest building
- 22.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34452A0188/00Z000 | 556 m² | 1 · 166 m² | 22.3 m · 2 |