Thermally sprayed WC-Co coatings provide excellent wear resistance and corrosion protection under heavy loads, but their application usually involves additional grinding and polishing steps, which can be 3-4 times costlier than the spraying process itself. There is thus the motivation to develop a process that produces smooth, near-net-shape carbide coatings. This contribution is an investigation of WC-12Co coatings obtained by suspension HVOF spraying. Significant work was devoted to the development and characterization of water-based hardmetal suspensions synthesized from commercially available WC and Co powders. The suspensions produced were sprayed using the HVOF process, and the resulting coatings were evaluated based on microstructure, hardness, and phase composition.