Financials
- Financial year
- 2026
- Turnover
- €4.1m
- Profit
- €152,291
- Solvency
- 28.6%
Turnover▲ 11.5%
Net result
20182026
WV1
ActiveThe file of WV1 contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 1.0% (low). The 2026 annual accounts show equity of €347,051 and a net result of €152,291. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 322 sector peers (NACE 46, financial year 2026).
Overview
Activity
Wholesale trade
NACE 46495Retail sale of bicycles NACE 47632
10 sites
Size
€4.1mturnover 2026
- Staff
- 42.8 FTE
- Equity
- €347,051
- Profit
- €152,291
Structure
- Parent
- Bike Republic · 100%
- Board
- 5 members
Auditor: EY BedrijfsrevisorenAccounts 30 days early2 of 18 deeds read
Why 67raises riskJudicial reorganisation on record (2 publications, latest 16-11-2018)1 of the last 3 latelowers riskLiquidity: current ratio 1.38, cash €798,292Founded in 2015Show the evidence
Checked score
Score 2026
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 56% of its sector peers (NACE 46, small)
Financial strength · tick = 2025
Strong
Solvency
54-8
equity 28.6% of total assets
Liquidity
62+31
short-term debt 71.4% · cash 65.7%
Profitability
70-5
return on assets 12.5%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.3 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 5.4%▲ +5.3 percentage points vs 09-2025highest value
11-2025: 5.4%● unchanged vs 10-2025highest value
12-2025: 5.4%● unchanged vs 11-2025highest value
01-2026: 5.4%● unchanged vs 12-2025highest value
02-2026: 5.4%● unchanged vs 01-2026highest value
03-2026: 5.3%▼ -0.1 percentage points vs 02-2026
04-2026: 5.0%▼ -0.3 percentage points vs 03-2026
05-2026: 5.0%● unchanged vs 04-2026
06-2026: 4.9%▼ -0.1 percentage points vs 05-2026
07-2026: 4.6%▼ -0.3 percentage points vs 06-2026
08-2026: 4.5%▼ -0.1 percentage points vs 07-2026
09-2026: 4.5%● unchanged vs 08-2026
10-2026: 1.0%▼ -3.5 percentage points vs 09-2026
Credit of up to €23,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Liquidity tight (current ratio 1.38, compared with 1.53 in 2025, below the usual 1.5; short-term debt: 71.4% and cash: 65.7% of total assets), and 71.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 33% on solvency, 80% on liquidity, 62% on profitability and 50% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-10-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
30 days early
2025
265 days late
2024
45 days early
2023
36 days early
2022
40 days early
2021
38 days early
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · full…
- Annual accounts filedfinancial year 2025 · full…
- Resignations: COLRUYT Jozef, GOETHAERT Stefan and…Appointments: Stefan Goethaert, WILLEMYNS Jo…
Key points
By topic
Board & ownership
- Board
- 5 members
- Parent
- Bike Republic · 100%
- Auditor
- EY Bedrijfsrevisoren
- Kris CasteleinDirector
- Stefaan VandammeDirector
- Stefan GoethaertDirector
- VANBELLINGEN PeterDirector
- WILLEMYNS JoDirector
Network & group
- Group
- KORYS
- Connected companies
- 95
Timeline
- Events
- 20
- Since
- 2016
- Next accounts
- by 31-10-2027
- 19-11-2024Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
- 16-09-2024Annual accounts filed
- 25-09-2023Annual accounts filed
Company details
- Sites
- 10
- Legal form
- Public limited company
- Activity
- Wholesale tradeNACE 46495
- Founded
- 26-03-2015
- Year ends
- 31-03
- Peppol
- Not found in the Peppol directory
Articles of association
- Provisions read
- 19
- Who signs
- Two directors jointly
- Annual meeting
- First Wednesday of September at 09:30
- Purpose
- “De vervaardiging van sportartikelen, sporthandschoenen en sporthoofddeksels van leer; De…” (deed in Dutch)
Key facts about WV1
- What is the company number of WV1?
- 0627.969.585. In Belgium the VAT number is the company number with BE in front: BE 0627.969.585.
- Where is WV1 based?
- The registered office is at Tramstraat 63, 9052 Gent.Company details
- What does WV1 do?
- According to the KBO register, the main activity is wholesale trade (NACE 46495).
- What is the legal form of WV1?
- Public limited company (NV).
- When was WV1 founded?
- On 26-03-2015.
- Is WV1 still active?
- Yes, WV1 is an active enterprise in the KBO register.
- How many employees does WV1 have?
- On average 42.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of WV1?
- €4.1m in financial year 2026, according to the filed annual accounts.
- Is WV1 profitable?
- In financial year 2026, WV1 made a profit of €152,291.
- Where can I find the annual accounts of WV1?
- WV1 filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of WV1 due?
- By 31-10-2027, for financial year 2027.Timeline
Companies related to WV1
Parent and group
- Bike Republic100%
- Darzana100%
- Colruyt Group100%
Comparable companies
- VDW BikesWijnegem
- BRIQUEAffligem
- NESCOWaregem
- Vlerick FietsenNazareth-De Pinte
- Cycles LampoKnokke-Heist
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