WVM PROJECTS
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €480,000. Estimated: probably between €400,000 and €840,000.
Balance sheet
balance sheet total €1.7m on 31-12-2025in euro
in euro
Position in the sector
21.5%
Higher than 24% of 39,364 companies in 2025.
1.37
Higher than 36% of 38,048 companies in 2025.
10.6%
Higher than 43% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.7m | 1.6m | 1.7m | 1.5m | 1.1m | 951,317 | 17,366 | 144,348 | 231,290 | |
21/28 |
1.5m | 1.6m | 1.6m | 1.4m | 955,935 | 920,581 | 6,618 | 47,429 | 58,718 | |
22/27 |
1.5m | 1.6m | 1.6m | 1.4m | 955,935 | 920,581 | 6,618 | 47,429 | 58,718 | |
22 |
1.4m | 1.5m | 1.5m | 1.4m | 952,341 | 917,098 | - | - | - | |
23 |
5,388 | 2,244 | 2,524 | - | - | - | - | - | - | |
24 |
57,575 | 93,431 | 91,832 | 15,143 | 3,594 | 3,483 | 6,618 | 47,429 | 58,718 | |
29/58 |
208,757 | 34,146 | 64,991 | 113,528 | 116,541 | 30,736 | 10,748 | 96,919 | 172,572 | |
29 |
- | - | - | - | - | - | - | 50,000 | 50,000 | |
291 |
- | - | - | - | - | - | - | 50,000 | 50,000 | |
40/41 |
34,307 | 22,037 | 36,951 | 107,702 | 102,274 | 23,881 | 8,147 | 42,620 | 117,129 | |
40 |
9,402 | 22,037 | 33,668 | 12,889 | 4,961 | 7,993 | 4,214 | 26,620 | 22,896 | |
41 |
24,905 | 0 | 3,283 | 94,813 | 97,312 | 15,888 | 3,933 | 16,000 | 94,234 | |
54/58 |
165,706 | 11,878 | 20,642 | 686 | 2,345 | 5,950 | 1,697 | 3,395 | 5,219 | |
490/1 |
8,745 | 232 | 7,398 | 5,140 | 11,922 | 905 | 905 | 905 | 224 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.7m | 1.6m | 1.7m | 1.5m | 1.1m | 951,317 | 17,366 | 144,348 | 231,290 | |
10/15 |
362,910 | 183,729 | 87,351 | -266,703 | -426,808 | -225,735 | 5,669 | 38,059 | 79,611 | |
10/11 |
268,600 | 268,600 | 268,600 | 18,600 | 18,600 | 20,460 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 0 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 0 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 0 | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
14 |
92,450 | -86,731 | -183,109 | -287,163 | -447,268 | -246,195 | -14,791 | 17,599 | 59,151 | |
17/49 |
1.3m | 1.4m | 1.6m | 1.8m | 1.5m | 1.2m | 11,697 | 106,289 | 151,679 | |
17 |
1.2m | 1.3m | 1.3m | 1.4m | 1.3m | 1.0m | - | 32,253 | 56,569 | |
170/4 |
1.2m | 1.3m | 1.3m | 1.4m | 1.3m | 1.0m | - | 32,253 | 56,569 | |
42/48 |
152,471 | 156,839 | 249,611 | 432,432 | 181,774 | 141,703 | 11,697 | 74,035 | 95,110 | |
42 |
89,018 | 88,468 | 86,880 | 75,000 | 43,750 | - | - | 12,731 | 54,549 | |
44 |
6,788 | 280 | 32,479 | 323,356 | 119,202 | 65,145 | 7,053 | 10,490 | 8,677 | |
440/4 |
6,788 | 280 | 32,479 | 323,356 | 119,202 | 65,145 | 7,053 | 10,490 | 8,677 | |
45 |
56,665 | 3,659 | 2,873 | 14,076 | 18,822 | 2,546 | 230 | 4,623 | 31,883 | |
450/3 |
56,665 | 3,659 | 1,703 | 14,076 | 18,822 | 2,546 | 230 | 4,623 | 31,883 | |
454/9 |
- | 0 | 1,170 | - | - | - | - | - | - | |
47/48 |
- | 64,432 | 127,378 | 20,000 | 0 | 74,012 | 4,414 | 46,192 | - | |
492/3 |
- | 3,332 | 3,349 | - | - | - | - | - | - | |
| Income statement | ||||||||||
9900 |
337,331 | 241,185 | 201,418 | 239,094 | -60,986 | -141,190 | -23,666 | -24,223 | 106,167 | |
630 |
83,929 | 85,907 | 65,839 | 21,517 | 105,502 | 80,420 | 4,250 | 17,211 | 15,237 | |
631/4 |
- | - | - | 0 | 804 | - | - | - | - | |
640/8 |
16,933 | 28,522 | 1,729 | 30,334 | 13,642 | 2,138 | 8,922 | 1,654 | 2,662 | |
9901 |
236,469 | 126,756 | 133,851 | 187,243 | -180,934 | -223,748 | -36,838 | -43,088 | 88,268 | |
75/76B |
- | 0 | 118 | 441 | 393 | 2,828 | 5,046 | 4,230 | 5,566 | |
75 |
- | 0 | 118 | 441 | 393 | 2,828 | 5,046 | 4,230 | 5,566 | |
65/66B |
23,288 | 29,908 | 29,647 | 27,348 | 20,024 | 10,247 | 598 | 1,628 | 2,190 | |
65 |
23,288 | 29,908 | 29,647 | 27,348 | 20,024 | 10,247 | 598 | 1,628 | 2,190 | |
9903 |
213,181 | 96,848 | 104,321 | 160,336 | -200,565 | -231,167 | -32,390 | -40,486 | 91,644 | |
67/77 |
34,000 | 469 | 268 | 230 | 509 | 237 | - | 1,066 | 30,633 | |
9904 |
179,181 | 96,378 | 104,054 | 160,106 | -201,074 | -231,404 | -32,390 | -41,552 | 61,011 | |
9905 |
179,181 | 96,378 | 104,054 | 160,106 | -201,074 | -231,404 | -32,390 | -41,552 | 61,011 | |
| Appropriation of the result | ||||||||||
9906 |
92,450 | -86,731 | -183,109 | -287,163 | -447,268 | -246,195 | -14,791 | 17,599 | 61,011 | |
14P |
-86,731 | -183,109 | -287,163 | -447,268 | -246,195 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
| 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 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00370326 | |
| 31-12-2024 | micro format | 07-04-2025 | 2025-00068288 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00353573 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00123910 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20355562 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56900543 | |
| 31-12-2019 | micro format | 01-09-2020 | 2020-50800115 | |
| 31-12-2018 | abbreviated format | 14-11-2019 | 2019-73700507 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-48700110 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 320,398 | 212,663 | 199,689 | 208,760 | -75,432 | -143,328 | -32,588 | -25,877 | 103,505 | ||
| 263,110 | 182,285 | 169,892 | 181,623 | -95,572 | -150,984 | -28,140 | -24,341 | 76,248 | ||
| -8,219 | 31,874 | 257,278 | 499,738 | 137,510 | 1.0m | 5,805 | 5,921 | 73,956 | ||
| 153,828 | -8,764 | 19,956 | -1,659 | -3,606 | 4,254 | -1,698 | -1,824 | - | ||
| 56,286 | -122,693 | -184,619 | -318,903 | -65,233 | -110,967 | -949 | 22,884 | 77,462 | ||
| 21.5% | 11.4% | 5.2% | -17.2% | -39.8% | -23.7% | 32.6% | 26.4% | 34.4% | ||
| 1.37 | 0.22 | 0.26 | 0.26 | 0.64 | 0.22 | 0.92 | 1.31 | 1.81 | ||
| 3.65 | 7.74 | 18.35 | - | - | - | 2.06 | 2.79 | 1.91 | ||
| 49.4% | 52.5% | 119.1% | - | - | - | -571.3% | -109.2% | 76.6% | ||
| 10.6% | 6.0% | 6.2% | 10.3% | -18.7% | -24.3% | -186.5% | -28.8% | 26.4% | ||
| 13.76 | 7.11 | 6.74 | 7.63 | -3.77 | - | - | - | - |
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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €31,874 | €257,278 | €499,738 | €137,510 |
| €83,929 | €85,907 | €65,839 | €21,517 | €105,502 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on WVM PROJECTS
The operating result for 2025 is 87% higher than in 2024 and the highest since 2017. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 88.6% to 78.5%. Equity is higher and debt is lower.