WVM PROJECTS
ActiveSummary
WVM PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €363k and a net result of €179k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+6
Solvency47▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 0.22 in 2024; short-term debt: 9% and cash: 9.8% of total assets), and 78.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
10.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €363k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
115 d early
2023
13 d late
2022
53 d early
2021
29 d late
2020
30 d late
2019
32 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€363k▲ 97.5%
2024 · €184k
2018: €38k
2019: €6k▼ -85.1% vs 2018
2020: €-226k▼ -4082% vs 2019
2021: €-427k▼ -89.1% vs 2020lowest in 8 years
2022: €-267k▲ +37.5% vs 2021
2023: €87k▲ +133% vs 2022
2024: €184k▲ +110% vs 2023
2025: €363k▲ +97.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.69M▲ 5.1%
2024 · €1.61M
2018: €144k
2019: €17k▼ -88.0% vs 2018lowest in 8 years
2020: €951k▲ +5378% vs 2019
2021: €1.07M▲ +12.7% vs 2020
2022: €1.55M▲ +44.2% vs 2021
2023: €1.69M▲ +9.2% vs 2022highest in 8 years
2024: €1.61M▼ -5.0% vs 2023
2025: €1.69M▲ +5.1% vs 2024
2018 → 2025
Net result
€179k▲ 85.9%
2024 · €96k
2018: €-42k
2019: €-32k▲ +22.0% vs 2018
2020: €-231k▼ -614% vs 2019lowest in 8 years
2021: €-201k▲ +13.1% vs 2020
2022: €160k▲ +180% vs 2021
2023: €104k▼ -35.0% vs 2022
2024: €96k▼ -7.4% vs 2023
2025: €179k▲ +85.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€56k
2024 · €-123k
2018: €23k
2019: €-949▼ -104% vs 2018
2020: €-111k▼ -11598% vs 2019
2021: €-65k▲ +41.2% vs 2020
2022: €-319k▼ -389% vs 2021lowest in 8 years
2023: €-185k▲ +42.1% vs 2022
2024: €-123k▲ +33.5% vs 2023
2025: €56k▲ +146% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-427k-€-267k▲ 37.5%€87k€184k▲ 110%€363k▲ 97.5%
2021: €-427klowest in 5 years
2022: €-267k▲ +37.5% vs 2021
2023: €87k▲ +133% vs 2022
2024: €184k▲ +110% vs 2023
2025: €363k▲ +97.5% vs 2024highest in 5 years
Operating result€-181k-€187k€134k▼ 28.5%€127k▼ 5.3%€236k▲ 86.6%
2021: €-181klowest in 5 years
2022: €187k▲ +203% vs 2021
2023: €134k▼ -28.5% vs 2022
2024: €127k▼ -5.3% vs 2023
2025: €236k▲ +86.6% vs 2024highest in 5 years
Net result€-201k-€160k€104k▼ 35.0%€96k▼ 7.4%€179k▲ 85.9%
2021: €-201klowest in 5 years
2022: €160k▲ +180% vs 2021
2023: €104k▼ -35.0% vs 2022
2024: €96k▼ -7.4% vs 2023
2025: €179k▲ +85.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.48M ▼ 5.9%
Current assets
€209k ▲ 511%
Equity and liabilities €1.69M
Equity
€363k ▲ 97.5%
Debt
€1.32M ▼ 6.8%
Debt's share of the balance-sheet total falls from 88.6% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€320k▲
2024 · €213k
Cash flow
€263k▲
2024 · €182k
Current ratio
1.37▲
2024 · 0.22
Debt to equity
3.65▼
2024 · 7.74
ROE
49.4%▼
2024 · 52.5%
ROA
10.6%▲
2024 · 6.0%
Interest coverage
13.76▲
2024 · 7.11
Debt ≤ 1 year
€152k▼
2024 · €157k
Debt > 1 year
€1.17M▼
2024 · €1.26M
Income taxes
€34k▲
2024 · €469
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.61M€1.69M▲
Fixed assets21/28€1.57M€1.48M▼
Tangible fixed assets22/27€1.57M€1.48M▼
Land and buildings22€1.48M€1.42M▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€93k€58k▼
Current assets29/58€34k€209k▲
Amounts receivable within one year40/41€22k€34k▲
Trade receivables40€22k€9k▼
Other amounts receivable41€0€25k▲
Cash at bank and in hand54/58€12k€166k▲
Deferred charges and accrued income490/1€232€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.69M▲
Equity10/15€184k€363k▲
Contributions10/11€269k€269k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-87k€92k▲
Amounts payable17/49€1.42M€1.32M▼
Amounts payable after more than one year17€1.26M€1.17M▼
Financial debts170/4€1.26M€1.17M▼
Amounts payable within one year42/48€157k€152k▼
Current portion of amounts payable after more than one year42€88k€89k▲
Trade debts44€280€7k▲
Suppliers440/4€280€7k▲
Taxes, remuneration and social security45€4k€57k▲
Taxes450/3€4k€57k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€64k-
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€84k▼
Other operating charges640/8€29k€17k▼
Gross operating margin9900€241k€337k▲
Operating profit (loss)9901€127k€236k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€30k€23k▼
Recurring financial charges65€30k€23k▼
Profit (loss) for the period before taxes9903€97k€213k▲
Income taxes67/77€469€34k▲
Profit (loss) for the period9904€96k€179k▲
Profit (loss) for the period to be appropriated9905€96k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€92k▲
Profit (loss) brought forward from the previous period14P€-183k€-87k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106k | €22k | €66k | €86k | €84k | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €804 | €0 | - | - | - | - |
| Other operating charges640/8 | €14k | €30k | €2k | €29k | €17k | ▼ 40.6% |
| Gross operating margin9900 | €-61k | €239k | €201k | €241k | €337k | ▲ 39.9% |
| Operating profit (loss)9901 | €-181k | €187k | €134k | €127k | €236k | ▲ 86.6% |
| Financial income75/76B | €393 | €441 | €118 | €0 | - | - |
| Recurring financial income75 | €393 | €441 | €118 | €0 | - | - |
| Financial charges65/66B | €20k | €27k | €30k | €30k | €23k | ▼ 22.1% |
| Recurring financial charges65 | €20k | €27k | €30k | €30k | €23k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €-201k | €160k | €104k | €97k | €213k | ▲ 120% |
| Income taxes67/77 | €509 | €230 | €268 | €469 | €34k | ▲ 7,143% |
| Profit (loss) for the period9904 | €-201k | €160k | €104k | €96k | €179k | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €-201k | €160k | €104k | €96k | €179k | ▲ 85.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €1.55M | €1.69M | €1.61M | €1.69M | ▲ 5.1% |
| Fixed assets21/28 | €956k | €1.43M | €1.62M | €1.57M | €1.48M | ▼ 5.9% |
| Tangible fixed assets22/27 | €956k | €1.43M | €1.62M | €1.57M | €1.48M | ▼ 5.9% |
| Land and buildings22 | €952k | €1.42M | €1.53M | €1.48M | €1.42M | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €5k | ▲ 140% |
| Furniture and vehicles24 | €4k | €15k | €92k | €93k | €58k | ▼ 38.4% |
| Current assets29/58 | €117k | €114k | €65k | €34k | €209k | ▲ 511% |
| Amounts receivable within one year40/41 | €102k | €108k | €37k | €22k | €34k | ▲ 55.7% |
| Trade receivables40 | €5k | €13k | €34k | €22k | €9k | ▼ 57.3% |
| Other amounts receivable41 | €97k | €95k | €3k | €0 | €25k | - |
| Cash at bank and in hand54/58 | €2k | €686 | €21k | €12k | €166k | ▲ 1,295% |
| Deferred charges and accrued income490/1 | €12k | €5k | €7k | €232 | €9k | ▲ 3,677% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €1.55M | €1.69M | €1.61M | €1.69M | ▲ 5.1% |
| Equity10/15 | €-427k | €-267k | €87k | €184k | €363k | ▲ 97.5% |
| Contributions10/11 | €19k | €19k | €269k | €269k | €269k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-447k | €-287k | €-183k | €-87k | €92k | ▲ 207% |
| Amounts payable17/49 | €1.50M | €1.81M | €1.60M | €1.42M | €1.32M | ▼ 6.8% |
| Amounts payable after more than one year17 | €1.32M | €1.38M | €1.35M | €1.26M | €1.17M | ▼ 7.1% |
| Financial debts170/4 | €1.32M | €1.38M | €1.35M | €1.26M | €1.17M | ▼ 7.1% |
| Amounts payable within one year42/48 | €182k | €432k | €250k | €157k | €152k | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | €44k | €75k | €87k | €88k | €89k | ▲ 0.6% |
| Trade debts44 | €119k | €323k | €32k | €280 | €7k | ▲ 2,321% |
| Suppliers440/4 | €119k | €323k | €32k | €280 | €7k | ▲ 2,321% |
| Taxes, remuneration and social security45 | €19k | €14k | €3k | €4k | €57k | ▲ 1,449% |
| Taxes450/3 | €19k | €14k | €2k | €4k | €57k | ▲ 1,449% |
| Remuneration and social security454/9 | - | - | €1k | €0 | - | - |
| Other amounts payable47/48 | €0 | €20k | €127k | €64k | - | - |
| Accrued charges and deferred income492/3 | - | - | €3k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-201k | €160k | €104k | €96k | €179k | ▲ 85.9% |
| + Depreciation and write-downs630 | €106k | €22k | €66k | €86k | €84k | ▼ 2.3% |
| Operating cash flow (approximation) | €-96k | €182k | €170k | €182k | €263k | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | €-499k | €-257k | €-32k | €8k | ▲ 126% |
| Change in cash | - | €-2k | €20k | €-9k | €154k | ▲ 1,855% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €179k ▲85.9%
Operating result €236k, net result €179k, both a record.
31-12
Financial
Liquidity times 6current ratio 1.37
Current ratio from 0.22 to 1.37; short-term debt falls from €157k to €152k.
31-12
Financial
Equity above €200kEq €363k ▲97.5%
4 profitable years in a row build equity to €363k.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €184k ▲110%
3 profitable years in a row build equity to €184k.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €160k
Net result €160k after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-231k
Net result drops to €-231k, the lowest in the series; recovery starts the following year.
Show earlier events
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 106 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2016
Ground area
1,199 m²
Building footprint
332 m²
Volume, LiDAR
3,155 m³
Parcel 31803C0318/00D000, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WVM PROJECTS
since 20162.257.880.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0318/00D000 | Flanders | 1,199 m² | 1 · 331 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
967600PWHF93OMZ8TT62
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,986 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.