Answer:
The Treaty of Versailles didn't reflect Wilson's vision of "peace without victory", because it imposed huge punishments on Germany as a result of its role in World War I.
Wilson sought a peace without victory, a lasting peace based on the principles of equality between nations. The United States would support, according to Wilson, such a peace, and collaborate with the rest of the nations in maintaining a permanent international organization that aimed at it.
The German defeat and, above all, the way in which the French and British managed the victory would demonstrate, years later, to what extent Wilson's insistence on avoiding a humiliating peace agreement for the loser was right.
The Treaty of Versailles was a peace treaty that was signed in that city at the end of World War I by more than fifty countries. This treaty officially ended the state of war between the Germany of the Second Reich and the Allies of the First World War. It was signed on June 28, 1919 in the Gallery of Mirrors of the Palace of Versailles, exactly five years after the Sarajevo attack in which Archduke Francisco Fernando was killed, the direct cause of the First World War. Although the armistice was signed months earlier (November 11, 1918) to end hostilities on the battlefield, it took six months of negotiations at the Paris Peace Conference to conclude the peace treaty. The Treaty of Versailles entered into force on January 10, 1920.
Of the many provisions of the treaty, one of the most important and controversial stipulated that the Central Powers (Germany and its allies) would accept all moral and material responsibility for having caused the war and, under the terms of articles 231-248, they should disarm, make important territorial concessions to the victors and pay exorbitant economic compensations to the victorious States. The Treaty of Versailles was undermined early by subsequent events from 1922 and was widely violated in Germany in the 1930s with the coming to power of Adolf Hitler.