WVR Construct
ActiveSummary
WVR Construct has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,201 and a net result of €68,658. Equity has been growing by about 12% per year since 2019. Its solvency ranks better than 87% of 9,394 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-09-2018 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.280.288.668 2275 Lille, since 25-09-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 13-02-2024
Board and ownership
- VAN REUSEL WimDirector · since 25-09-2018
- WOUTERS CathyDirector · since 25-09-2018
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €107,554
- ▲ 6.7%
- Turnover
- ≈ €350,000
- estimated
- Profit
- €68,658
- ▼ 1.4%
- Equity
- €174,201
- ▲ 12.0%
- Total assets
- €221,981
- ▼ 6.1%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €221,981lowers riskEquity €174,201 (78.5% of total assets)Figures for financial year 2025 (filed on 30-04-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 92% of them on solvency, 61% on liquidity, 91% on profitability and 56% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 PDF all 7 filings
Every figure per financial year
The operating result for 2025 is 2% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €19,356 | €25,613 | €71,966 | - |
| Depreciation and write-downs of the year | €4,782 | €7,553 | €9,462 | €18,529 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €2,586 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €109,692 | €109,158 | €103,660 | €95,201 | ▼ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,444 | €1,777 | €2,018 | €4,782 | €7,553 | €9,462 | €18,529 | ▲ 95.8% |
| Other operating charges640/8 | - | - | - | €1,359 | €1,288 | €944 | €796 | ▼ 15.6% |
| Gross operating margin9900 | €62,076 | €65,897 | €75,974 | €82,228 | €88,720 | €100,830 | €107,554 | ▲ 6.7% |
| Operating profit (loss)9901 | €57,747 | €63,141 | €72,920 | €76,087 | €79,878 | €90,423 | €88,229 | ▼ 2.4% |
| Financial income75/76B | - | - | - | €1,354 | €746 | €470 | €722 | ▲ 53.8% |
| Recurring financial income75 | €0 | €333 | €772 | €1,354 | €746 | €470 | €722 | ▲ 53.8% |
| Financial charges65/66B | - | - | - | €505 | €65 | €1,009 | €1,821 | ▲ 80.4% |
| Recurring financial charges65 | €1,536 | €1,584 | €1,139 | €505 | €65 | €1,009 | €1,821 | ▲ 80.4% |
| Profit (loss) for the period before taxes9903 | €56,212 | €61,890 | €72,553 | €76,937 | €80,560 | €89,884 | €87,131 | ▼ 3.1% |
| Income taxes67/77 | €13,838 | €14,359 | €16,889 | €17,325 | €18,454 | €20,227 | €18,473 | ▼ 8.7% |
| Profit (loss) for the period9904 | €42,374 | €47,531 | €55,665 | €59,612 | €62,106 | €69,656 | €68,658 | ▼ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €42,374 | €47,531 | €55,665 | €59,612 | €62,106 | €69,656 | €68,658 | ▼ 1.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €66,905 | €104,641 | €161,012 | €172,033 | €201,559 | €236,310 | €221,981 | ▼ 6.1% |
| Fixed assets21/28 | €3,400 | €4,292 | €3,774 | €18,348 | €36,407 | €88,496 | €69,967 | ▼ 20.9% |
| Tangible fixed assets22/27 | €3,400 | €4,292 | €3,774 | €18,348 | €36,407 | €88,496 | €69,967 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | - | €1,105 | €901 | €696 | €536 | ▼ 23.1% |
| Furniture and vehicles24 | - | - | - | €15,658 | €18,149 | €72,467 | €56,124 | ▼ 22.6% |
| Other tangible fixed assets26 | - | - | - | €1,584 | €17,356 | €15,332 | €13,308 | ▼ 13.2% |
| Current assets29/58 | €63,505 | €100,349 | €157,238 | €153,685 | €165,152 | €147,814 | €152,014 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €29,607 | €60,940 | €113,714 | €103,704 | €125,754 | €114,428 | €120,471 | ▲ 5.3% |
| Trade receivables40 | - | - | - | €14,500 | €15,000 | €15,500 | €15,500 | = |
| Other amounts receivable41 | - | - | - | €89,204 | €110,754 | €98,928 | €104,971 | ▲ 6.1% |
| Current investments50/53 | - | €14,000 | €38,319 | €42,835 | €33,245 | €18,213 | €14,348 | ▼ 21.2% |
| Cash at bank and in hand54/58 | €33,898 | €23,580 | €4,466 | €6,430 | €5,413 | €13,653 | €13,907 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | - | - | - | €716 | €739 | €1,521 | €3,288 | ▲ 116% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €66,905 | €104,641 | €161,012 | €172,033 | €201,559 | €236,310 | €221,981 | ▼ 6.1% |
| Equity10/15 | €48,574 | €96,105 | €151,770 | €157,115 | €185,887 | €155,544 | €174,201 | ▲ 12.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €40,514 | €88,045 | €143,710 | €136,655 | €165,427 | €135,084 | €153,741 | ▲ 13.8% |
| Amounts payable17/49 | €18,331 | €8,536 | €9,242 | €14,918 | €15,671 | €80,766 | €47,780 | ▼ 40.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €34,282 | €21,886 | ▼ 36.2% |
| Financial debts170/4 | - | - | - | - | - | €34,282 | €21,886 | ▼ 36.2% |
| Amounts payable within one year42/48 | €18,331 | €8,536 | €9,242 | €14,918 | €15,671 | €46,485 | €25,894 | ▼ 44.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €11,873 | €12,396 | ▲ 4.4% |
| Trade debts44 | €2,152 | €4,106 | €2,108 | €211 | €4,134 | €1,221 | €2,403 | ▲ 96.9% |
| Suppliers440/4 | - | - | - | €211 | €4,134 | €1,221 | €2,403 | ▲ 96.9% |
| Taxes, remuneration and social security45 | - | - | - | €12,462 | €10,435 | €32,289 | €9,993 | ▼ 69.1% |
| Taxes450/3 | - | - | - | €12,462 | €10,435 | €32,289 | €9,993 | ▼ 69.1% |
| Other amounts payable47/48 | - | - | - | €2,245 | €1,102 | €1,102 | €1,102 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,374 | €47,531 | €55,665 | €59,612 | €62,106 | €69,656 | €68,658 | ▼ 1.4% |
| + Depreciation and write-downs630 | €1,444 | €1,777 | €2,018 | €4,782 | €7,553 | €9,462 | €18,529 | ▲ 95.8% |
| Operating cash flow (approximation) | €43,818 | €49,308 | €57,683 | €64,394 | €69,659 | €79,119 | €87,186 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | -€2,669 | -€1,500 | -€19,356 | -€25,613 | -€61,551 | €0 | - |
| Change in cash | - | -€10,319 | -€19,114 | €1,964 | -€1,017 | €8,240 | €254 | ▼ 96.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as WVR Construct has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WVR Construct itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for WVR Construct. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-04-2026 | 2026-00094226 | |
| 30-09-2024 | micro format | 28-04-2025 | 2025-00089567 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00083688 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00079417 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09500045 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11400271 | |
| 30-09-2019 | micro format | 23-04-2020 | 2020-09700076 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-03-2023 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN REUSEL Wim |
|
| WOUTERS Cathy |
|
Network & group
Companies at the same address
1 other companyConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
29-03
Gazette deed
Registered office moved within LilleChanges of role: VAN REUSEL Wim (director) and WOUTERS Cathy (director) · Incorporation · Amendment of the articles15 points ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Incorporation, 24-09-2018
- Other provision, “inschrijving en statutenhistoriek”, 0704.999.265 (deed in Dutch)
- Registered-office move, 2275 Lille,Gierlebaan 114
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, EUR, “artikel 39,§2,derde lid van de wet van 23-03-2019” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing” (deed in Dutch)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, VAN REUSEL Wim (manager)
- Director resignation, WOUTERS Cathy (manager)
- Director appointment, VAN REUSEL Wim (director (not named in the articles))
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- Algemene coördinatiewerkzaamheden bouwwerf
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven die in meerderheid tot de financiële sector behoren
- Managementsactiviteiten van holdings: tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal,enz.
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren
- Verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie
- Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,enz.
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie,enz.
- Toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enz.)
- Leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz.
- Industriële vormgeving
- Uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw,de weg- en waterbouw en het verkeer
- Geologisch onderzoek en prospectie: metingen en waarnemingen van de aardoppervlakte om informatie te verkrijgen over aardstructuren en aanwezigheid van aardolie,aardgas,mineralen en grondwater
- Activiteiten van bouweconomisten
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0704.999.265
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13019F0087/00D000 | Flanders | 4,106 m² | 1 · 166 m² | 3.6 m |