Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WVG from Mechelen, company number BE0421194586, closed financial year 2025 with a result of € -35,410 after tax. For that financial year WVG recorded a gross margin of € 331,303 and equity of € 23,945. Compared with financial year 2024, the result moved from € 12,496 to € -35,410. The company made a loss. The buffer shrank hard: equity is 60 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 23,945
▼ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,410
▼ still € 12,496 profit in 2024
Profit after tax over the fiscal year.
€ 25,228
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -56,620.
People and assets in 2025
5.6
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 334,375
▲ 17% vs 2024
€ 59,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,446
▲ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 229,154
▲ 157% vs 2024
€ 27,309 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 117,318
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 237,390 | € 157,683 | € 325,696 | € 331,303 | ▲ 2% |
| Profit after taxes | € 22,916 | € -144,864 | € 12,496 | € -35,410 | ▼ € 47,907 |
| Equity | € 191,723 | € 46,859 | € 59,356 | € 23,945 | ▼ 60% |
| Total debts | € 40,537 | € 156,732 | € 162,786 | € 355,463 | ▲ 118% |
| Cash | € 142,358 | € 56,779 | € 47,296 | € 25,228 | ▼ 47% |
| Retained profit | € 111,158 | € -33,706 | € -21,210 | € -56,620 | ▼ € 35,410 |
| Bank debt | € 15,806 | € 106,172 | € 89,029 | € 229,154 | ▲ 157% |
| Balance sheet total | € 232,260 | € 203,591 | € 222,141 | € 379,408 | ▲ 71% |
| Employees (FTE) | 2.6 | 4.8 | 5.1 | 5.6 | ▲ 0.5 |
Key figures of WVG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WVG?
What happened at WVG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 35,410 (▼ € 47,907 vs 2024). filed late Source: NBB ↗
- DECO - SON BV became a director. NBB
- PC MGT BV became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,916 profit in 2022 to € 35,410 loss in 2025.
Paid € 11,428 in corporate taxes since 2022.
Best year ever: 2022, with € 22,916 profit.
On average € 59,200 of value added per employee in 2025.
Management
The stake of PC MGT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WVGBehind WVG are DECO - SON BV and PC MGT BV. The shares are held by PC MGT (50%).
Directors
According to the 2025 annual accounts
Director · represented by Robbie De Peuter
since 2025
Director · represented by Phillip Coeckelberghs
since 2022
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Blokhuisstraat 47 box k
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SG LIGHTING SA/NV
€ 34.1 million revenue · 2025
VAN MULDERS & CO
€ 6 million revenue · 2025
SG PROPERTIES
€ 302,738 gross margin · 2025
SG BTW-EENHEID
Vereniging van Mede-eigenaars Blokhuisstraat-Vrouwvliet KMO Park, Mechelen
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.194.586
- VAT number
- BE 0421.194.586
- Registered office
- Blokhuisstraat 47 bus k, 2800 Mechelen
- Names & denominations
- WVG · WVG Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 1981
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Schilderen van gebouwen
Schilderen
Algemene bouw van residentiële gebouwen
Plaatsen van vloerbedekking en wandbekleding van hout
Plaatsen van vloerbedekking van hout of andere materialen