WVO ENGINEERING SERVICES
ActiveSummary
WVO ENGINEERING SERVICES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232,777 and a net result of €60,292. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 8.0 against 7.05 in 2023; short-term debt: 9.1% and cash: 36.1% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
47 d early
2022
35 d early
2021
18 d early
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€232,777▲ 0.4%
2023 · €231,961
Total assets
€275,282▼ 3.4%
2023 · €284,972
Net result
€60,292▲ 20.4%
2023 · €50,078
Working capital
€174,463▲ 7.5%
2023 · €162,270
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€44,162▼ 14.9%€61,634▲ 39.6%€54,433▼ 11.7%€77,755▲ 42.8%€84,363▲ 8.5%
Net result€34,243above the sector's middle half▼ 18.1%€48,546above the sector's middle half▲ 41.8%€40,464above the sector's middle half▼ 16.6%€50,078above the sector's middle half▲ 23.8%€60,292above the sector's middle half▲ 20.4%
Equity€160,392above the sector's middle half▲ 8.7%€189,266above the sector's middle half▲ 18.0%€206,451above the sector's middle half▲ 9.1%€231,961above the sector's middle half▲ 12.4%€232,777above the sector's middle half▲ 0.4%
Total assets€167,387within the sector's middle half▲ 10.9%€202,771within the sector's middle half▲ 21.1%€247,561above the sector's middle half▲ 22.1%€284,972above the sector's middle half▲ 15.1%€275,282above the sector's middle half▼ 3.4%
Debt€6,995▲ 108%€13,505▲ 93.1%€41,110▲ 204%€53,011▲ 29.0%€42,505▼ 19.8%
Working capital€159,954above the sector's middle half▲ 11.5%€188,370above the sector's middle half▲ 17.8%€178,378above the sector's middle half▼ 5.3%€162,270above the sector's middle half▼ 9.0%€174,463above the sector's middle half▲ 7.5%
Solvency95.8%above the sector's middle half▼ 2.0pp93.3%above the sector's middle half▼ 2.5pp83.4%above the sector's middle half▼ 9.9pp81.4%above the sector's middle half▼ 2.0pp84.6%above the sector's middle half▲ 3.2pp
Current ratio25.13above the sector's middle half▼ 23.7415.78above the sector's middle half▼ 9.346.03above the sector's middle half▼ 9.757.05above the sector's middle half▲ 1.028.00above the sector's middle half▲ 0.95
Return on assets (ROA)20.5%above the sector's middle half▼ 7.2pp23.9%above the sector's middle half▲ 3.5pp16.3%within the sector's middle half▼ 7.6pp17.6%within the sector's middle half▲ 1.2pp21.9%within the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €275,282
Fixed assets
€75,882 ▼ 20.9%
Current assets
€199,400 ▲ 5.5%
Equity and liabilities €275,282
Equity
€232,777 ▲ 0.4%
Debt
€42,505 ▼ 19.8%
Debt's share of the balance-sheet total falls from 18.6% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,365▲
2023 · €90,928
Cash flow
€80,293▲
2023 · €63,251
Debt to equity
0.18▼
2023 · 0.23
ROE
25.9%▲
2023 · 21.6%
Interest coverage
112.03▲
2023 · 5.16
Debt ≤ 1 year
€24,937▼
2023 · €26,819
Debt > 1 year
€17,562▼
2023 · €25,549
Income taxes
€26,089▲
2023 · €22,927
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,250 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,306 | €905 | €1,041 | €13,173 | €20,002 | ▲ 51.8% |
| Other operating charges640/8 | - | €1,001 | €2,585 | €923 | €3,570 | ▲ 287% |
| Gross operating margin9900 | €49,419 | €63,540 | €58,059 | €91,851 | €107,934 | ▲ 17.5% |
| Operating profit (loss)9901 | €44,162 | €61,634 | €54,433 | €77,755 | €84,363 | ▲ 8.5% |
| Financial income75/76B | - | €8,539 | €5,626 | €12,878 | €2,949 | ▼ 77.1% |
| Recurring financial income75 | €6,625 | €8,539 | €5,626 | €12,878 | €2,949 | ▼ 77.1% |
| Financial charges65/66B | - | €1,426 | €1,418 | €17,628 | €932 | ▼ 94.7% |
| Recurring financial charges65 | €3,903 | €1,426 | €1,418 | €17,628 | €932 | ▼ 94.7% |
| Profit (loss) for the period before taxes9903 | €46,884 | €68,747 | €58,641 | €73,005 | €86,381 | ▲ 18.3% |
| Income taxes67/77 | €12,641 | €20,201 | €18,177 | €22,927 | €26,089 | ▲ 13.8% |
| Profit (loss) for the period9904 | €34,243 | €48,546 | €40,464 | €50,078 | €60,292 | ▲ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €34,243 | €48,546 | €40,464 | €50,078 | €60,292 | ▲ 20.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,387 | €202,771 | €247,561 | €284,972 | €275,282 | ▼ 3.4% |
| Fixed assets21/28 | €803 | €1,658 | €33,708 | €95,884 | €75,882 | ▼ 20.9% |
| Tangible fixed assets22/27 | €803 | €1,658 | €33,708 | €95,884 | €75,882 | ▼ 20.9% |
| Land and buildings22 | - | €1,445 | €31,083 | €29,037 | €26,991 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €213 | €20 | €593 | €373 | ▼ 37.1% |
| Furniture and vehicles24 | - | - | €2,605 | €66,253 | €48,517 | ▼ 26.8% |
| Current assets29/58 | €166,584 | €201,113 | €213,853 | €189,089 | €199,400 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €40,030 | €32,930 | €35,114 | €47,247 | €49,451 | ▲ 4.7% |
| Trade receivables40 | - | €14,652 | €18,414 | €24,213 | €36,597 | ▲ 51.1% |
| Other amounts receivable41 | - | €18,278 | €16,700 | €23,034 | €12,854 | ▼ 44.2% |
| Current investments50/53 | €76,057 | €79,864 | €80,862 | €57,578 | €49,707 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €49,554 | €88,319 | €88,627 | €83,620 | €99,322 | ▲ 18.8% |
| Deferred charges and accrued income490/1 | - | - | €9,250 | €643 | €920 | ▲ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,387 | €202,771 | €247,561 | €284,972 | €275,282 | ▼ 3.4% |
| Equity10/15 | €160,392 | €189,266 | €206,451 | €231,961 | €232,777 | ▲ 0.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €200 | ▼ 96.8% |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Other1109/19 | - | €6,200 | - | - | - | - |
| Reserves13 | €132,066 | €160,940 | €178,125 | €203,635 | €232,577 | ▲ 14.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €159,080 | €176,265 | €203,635 | €232,577 | ▲ 14.2% |
| Profit (loss) carried forward14 | €22,126 | €22,126 | €22,126 | €22,126 | €0 | ▼ 100% |
| Amounts payable17/49 | €6,995 | €13,505 | €41,110 | €53,011 | €42,505 | ▼ 19.8% |
| Amounts payable after more than one year17 | - | - | €4,211 | €25,549 | €17,562 | ▼ 31.3% |
| Financial debts170/4 | - | - | €4,211 | €25,549 | €17,562 | ▼ 31.3% |
| Amounts payable within one year42/48 | €6,630 | €12,743 | €35,475 | €26,819 | €24,937 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | €10,011 | €12,124 | €7,987 | ▼ 34.1% |
| Trade debts44 | €2,756 | €122 | €1,641 | €549 | €456 | ▼ 16.9% |
| Suppliers440/4 | - | €122 | €1,641 | €549 | €456 | ▼ 16.9% |
| Advances received on contracts in progress46 | - | - | €10,221 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €12,621 | €13,517 | €14,147 | €16,494 | ▲ 16.6% |
| Taxes450/3 | - | €12,621 | €13,517 | €14,147 | €16,494 | ▲ 16.6% |
| Other amounts payable47/48 | - | - | €85 | - | - | - |
| Accrued charges and deferred income492/3 | - | €762 | €1,424 | €643 | €5 | ▼ 99.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,243 | €48,546 | €40,464 | €50,078 | €60,292 | ▲ 20.4% |
| + Depreciation and write-downs630 | €4,306 | €905 | €1,041 | €13,173 | €20,002 | ▲ 51.8% |
| Operating cash flow (approximation) | €38,549 | €49,451 | €41,505 | €63,251 | €80,293 | ▲ 26.9% |
| Investment in fixed assets (approximation) | - | -€1,760 | -€33,091 | -€75,349 | €0 | ▲ 100% |
| Change in cash | - | €38,765 | €308 | -€5,007 | €15,702 | ▲ 414% |
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €60,292 ▲20.4%
Operating result €84,363, net result €60,292, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €206,451 ▲9.1%
5 profitable years in a row build equity to €206,451.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150,000Eq €160,392 ▲8.7%
3 profitable years in a row build equity to €160,392.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2008
Ground area
546 m²
Building footprint
129 m²
Volume, LiDAR
11 m³
Parcel 46502D0559/00D004, Flanders · tallest building 6.3 m. Linked by address, not a title deed.
1 establishment unit
WVO ENGINEERING SERVICES
since 20082.173.655.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D0559/00D004 | Flanders | 546 m² | 1 · 129 m² | 6.3 m |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,905 EUR awarded · 1,173 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 915 EUR | 183 EUR |
| 2024 | 1 | 990 EUR | 990 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500TJY8N96NOYUP87
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Focus-id
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Of 686 companies in sector 74112 we hold annual accounts for 312. 245 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
Founded27-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806139878
Also
9925:BE0806139878
Registered
23-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.