Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
WV1 from Gent, company number BE0627969585, closed financial year 2026 with a result of € 152,291 after tax. For that financial year WV1 recorded revenue of € 4.1 million and equity of € 347,051. Compared with financial year 2025, the result moved from € 177,427 to € 152,291. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ 347,051
▼ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 152,291
▼ 14% vs 2025
Profit after tax over the fiscal year.
€ 798,292
▲ € 679,152 vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 180,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
42.8
▼ 1.4 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 21% vs 2025
€ 63,800 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.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 356,249
▲ 3% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 118 days on average.
€ 511,699
▲ 71% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 3,338,666 | € 3,199,941 | € 3,633,433 | € 4,052,981 | ▲ 12% |
| Profit after taxes | € 133,611 | € 142,378 | € 177,427 | € 152,291 | ▼ 14% |
| Equity | € 1,454,955 | € 1,597,333 | € 374,760 | € 347,051 | ▼ 7% |
| Total debts | € 579,808 | € 559,705 | € 645,823 | € 868,279 | ▲ 34% |
| Cash | € 1,677,377 | € 1,878,453 | € 119,140 | € 798,292 | ▲ € 679,152 |
| Retained profit | € 1,289,900 | € 1,432,278 | € 209,704 | € 181,995 | ▼ 13% |
| Dividend | € 100,000 | € 0 | € 1,400,000 | € 180,000 | ▼ 87% |
| Bank debt | € 55,340 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,034,764 | € 2,157,038 | € 1,020,583 | € 1,215,329 | ▲ 19% |
| Employees (FTE) | 44.7 | 43.2 | 44.2 | 42.8 | ▼ 1.4 |
Key figures of WV1, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to WV1?
What happened at WV1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 152,291 (▼ 14% vs 2025). Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- New establishment in Antwerpen. KBO
- New establishment in Lier. KBO
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Jo Willemyns became a director. NBB
In short
From € 133,611 profit in 2023 to € 152,291 profit in 2026.
Paid € 260,995 in corporate taxes since 2023.
Best year ever: 2025, with € 177,427 profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
Behind WV1 are Kris Castelein, Jo Willemyns, Stefaan Vandamme, Jef Colruyt and Stefan Goethaert. The shares are held by Bike Republic NV (100%).
Directors
According to the 2026 annual accounts
since 2019
since 2022
since 2019
since 2019
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tramstraat 63
9052 Gent
Augustijnenlaan(HRT) 95
2200 Herentals
Active since 1 June 2015
Herkenrodesingel 85
3500 Hasselt
Active since 1 June 2015
Turnhoutsebaan 325
2110 Wijnegem
Active since 1 June 2015
Provinciesteenweg 496
2530 Boechout
Active since 1 October 2015
Bredabaan 809
2170 Antwerpen
Active since 1 September 2018
Rooigemlaan 2 E
9000 Gent
Active since 18 May 2020
Antwerpsesteenweg 184
9040 Gent
Active since 1 August 2020
Weg op Bree 117
3670 Oudsbergen
Active since 1 November 2021
Pareinpark(BEV) 1
9120 Beveren-Kruibeke-Zwijndrecht
Active since 1 March 2024
Vlaamsekaai 20
2000 Antwerpen
Active since 1 April 2026
Londenstraat 20
2000 Antwerpen
Active since 1 April 2026
Plezantstraat 14/16
9100 Sint-Niklaas
Active since 20 April 2026
Posthofbrug 25
2600 Antwerpen
Active since 20 April 2026
Antwerpsestraat 54
2500 Lier
Active since 20 April 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0627.969.585
- VAT number
- BE 0627.969.585
- Registered office
- Tramstraat 63, 9052 Gent
- Names & denominations
- WV1
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 2015
- Peppol
- Not registered
- Activities · NACE
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