A & W
ActiveSummary
A & W has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,365 and a net result of €5,979. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 11.88 against 15.42 in 2024; short-term debt: 7.4% and cash: 1% of total assets), and 7.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.6%
Return on assets
3.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
48 d early
2023
50 d early
2022
4 d early
2021
55 d early
2020
50 d early
2019
31 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€161,365▲ 3.8%
2024 · €155,386
Total assets
€174,226▲ 5.8%
2024 · €164,600
Net result
€5,979▼ 62.1%
2024 · €15,774
Working capital
€139,940▲ 5.3%
2024 · €132,852
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€106,159▲ 249%€21,005▼ 80.2%€31,470▲ 49.8%€21,630▼ 31.3%€5,428▼ 74.9%
Net result€86,149within the sector's middle half▲ 296%€13,523within the sector's middle half▼ 84.3%€20,080within the sector's middle half▲ 48.5%€15,774within the sector's middle half▼ 21.4%€5,979within the sector's middle half▼ 62.1%
Equity€106,008within the sector's middle half▲ 255%€119,531within the sector's middle half▲ 12.8%€139,611above the sector's middle half▲ 16.8%€155,386above the sector's middle half▲ 11.3%€161,365within the sector's middle half▲ 3.8%
Total assets€257,325below the sector's middle half▲ 33.5%€292,182below the sector's middle half▲ 13.5%€282,878within the sector's middle half▼ 3.2%€164,600within the sector's middle half▼ 41.8%€174,226below the sector's middle half▲ 5.8%
Debt€151,317▼ 7.1%€172,651▲ 14.1%€143,267▼ 17.0%€9,214▼ 93.6%€12,860▲ 39.6%
Working capital€89,194▲ 1,548%€91,572▲ 2.7%€154,635▲ 68.9%€132,852▼ 14.1%€139,940▲ 5.3%
Solvency41.2%within the sector's middle half▲ 25.7pp40.9%within the sector's middle half▼ 0.3pp49.4%within the sector's middle half▲ 8.4pp94.4%above the sector's middle half▲ 45.0pp92.6%above the sector's middle half▼ 1.8pp
Staff (FTE)3.2within the sector's middle half▲ 6.7%4within the sector's middle half▲ 25.0%2.7▼ 32.5%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174,226
Fixed assets
€21,425 ▼ 4.9%
Current assets
€152,801 ▲ 7.6%
Equity and liabilities €174,226
Equity
€161,365 ▲ 3.8%
Debt
€12,860 ▲ 39.6%
Debt's share of the balance-sheet total rises from 5.6% to 7.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,536▼
2024 · €22,433
Cash flow
€7,088▼
2024 · €16,577
Current ratio
11.88▼
2024 · 15.42
Debt to equity
0.08▲
2024 · 0.06
ROE
3.7%▼
2024 · 10.2%
ROA
3.4%▼
2024 · 9.6%
Interest coverage
14.05▼
2024 · 17.64
Debt ≤ 1 year
€12,860▲
2024 · €9,214
Income taxes
€2,745▼
2024 · €6,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €172,190 | €129,875 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,356 | €17,411 | €480 | €803 | €1,109 | ▲ 38.1% |
| Other operating charges640/8 | - | €1,324 | €15,780 | €493 | €1,245 | ▲ 152% |
| Gross operating margin9900 | €248,411 | €211,930 | €177,606 | €22,927 | €7,782 | ▼ 66.1% |
| Operating profit (loss)9901 | €106,159 | €21,005 | €31,470 | €21,630 | €5,428 | ▼ 74.9% |
| Financial income75/76B | - | €715 | €1,483 | €2,041 | €3,763 | ▲ 84.4% |
| Recurring financial income75 | €674 | €715 | €1,483 | €2,041 | €3,763 | ▲ 84.4% |
| Financial charges65/66B | - | €2,483 | €2,894 | €1,272 | €465 | ▼ 63.4% |
| Recurring financial charges65 | €2,977 | €2,483 | €2,894 | €1,272 | €465 | ▼ 63.4% |
| Profit (loss) for the period before taxes9903 | €103,856 | €19,236 | €30,059 | €22,400 | €8,725 | ▼ 61.0% |
| Income taxes67/77 | €17,707 | €5,714 | €9,979 | €6,625 | €2,745 | ▼ 58.6% |
| Profit (loss) for the period9904 | €86,149 | €13,523 | €20,080 | €15,774 | €5,979 | ▼ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €86,149 | €13,523 | €20,080 | €15,774 | €5,979 | ▼ 62.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,325 | €292,182 | €282,878 | €164,600 | €174,226 | ▲ 5.8% |
| Fixed assets21/28 | €93,155 | €84,604 | €21,452 | €22,534 | €21,425 | ▼ 4.9% |
| Tangible fixed assets22/27 | €93,155 | €84,604 | €1,452 | €2,534 | €1,425 | ▼ 43.8% |
| Land and buildings22 | - | €68,153 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €8,517 | €0 | - | - | - |
| Furniture and vehicles24 | - | €7,934 | €1,452 | €2,534 | €1,425 | ▼ 43.8% |
| Financial fixed assets28 | - | - | €20,000 | €20,000 | €20,000 | = |
| Current assets29/58 | €164,171 | €207,578 | €261,427 | €142,066 | €152,801 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €144,320 | €191,995 | €255,330 | €135,620 | €150,850 | ▲ 11.2% |
| Trade receivables40 | - | €109,073 | €188,506 | €22,373 | €19,547 | ▼ 12.6% |
| Other amounts receivable41 | - | €82,922 | €66,824 | €113,247 | €131,303 | ▲ 15.9% |
| Cash at bank and in hand54/58 | €18,978 | €3,157 | €5,897 | €6,446 | €1,750 | ▼ 72.8% |
| Deferred charges and accrued income490/1 | - | €12,426 | €200 | €0 | €200 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,325 | €292,182 | €282,878 | €164,600 | €174,226 | ▲ 5.8% |
| Equity10/15 | €106,008 | €119,531 | €139,611 | €155,386 | €161,365 | ▲ 3.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €99,808 | €113,331 | €133,411 | €149,186 | €155,165 | ▲ 4.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €111,471 | €131,551 | €149,186 | €155,165 | ▲ 4.0% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €151,317 | €172,651 | €143,267 | €9,214 | €12,860 | ▲ 39.6% |
| Amounts payable after more than one year17 | €76,340 | €56,645 | €36,475 | €0 | - | - |
| Financial debts170/4 | - | €56,645 | €36,475 | €0 | - | - |
| Amounts payable within one year42/48 | €74,977 | €116,006 | €106,791 | €9,214 | €12,860 | ▲ 39.6% |
| Current portion of amounts payable after more than one year42 | - | €19,695 | €20,170 | €0 | - | - |
| Financial debts43 | - | €21,526 | €8,829 | €0 | €12 | - |
| Credit institutions430/8 | - | €21,526 | €8,829 | €0 | €12 | - |
| Trade debts44 | €7,267 | €54,711 | €70,795 | €2,669 | €7,035 | ▲ 164% |
| Suppliers440/4 | - | €54,711 | €70,795 | €2,669 | €7,035 | ▲ 164% |
| Taxes, remuneration and social security45 | - | €19,952 | €5,769 | €6,545 | €5,814 | ▼ 11.2% |
| Taxes450/3 | - | €0 | €5,769 | €6,545 | €5,658 | ▼ 13.6% |
| Remuneration and social security454/9 | - | €19,952 | €0 | - | €156 | - |
| Other amounts payable47/48 | - | €121 | €1,229 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,149 | €13,523 | €20,080 | €15,774 | €5,979 | ▼ 62.1% |
| + Depreciation and write-downs630 | €20,356 | €17,411 | €480 | €803 | €1,109 | ▲ 38.1% |
| Operating cash flow (approximation) | €106,505 | €30,933 | €20,561 | €16,577 | €7,088 | ▼ 57.2% |
| Investment in fixed assets (approximation) | - | -€8,860 | €62,672 | -€1,885 | €0 | ▲ 100% |
| Change in cash | - | -€15,822 | €2,740 | €549 | -€4,696 | ▼ 955% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €5,979 ▼62.1%
Net result drops to €5,979, the lowest in the series.
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 6current ratio 15.42
Current ratio from 2.45 to 15.42; short-term debt falls from €106,791 to €9,214.
31-03
Financial
Equity above €150,000Eq €155,386 ▲11.3%
6 profitable years in a row build equity to €155,386.
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €86,149 ▲296%
Operating result €106,159, net result €86,149, both a record.
31-03
Financial
Liquidity doublescurrent ratio 2.19
Current ratio from 1.07 to 2.19; short-term debt falls from €76,920 to €74,977.
31-03
Financial
Equity above €100,000Eq €106,008 ▲255%
3 profitable years in a row build equity to €106,008.
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2009
Ground area
513 m²
Building footprint
114 m²
Volume, LiDAR
646 m³
Parcel 12014K0501/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A & W
since 20092.184.463.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0501/00F000 | Flanders | 513 m² | 1 · 114 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 31-03-2025 of A & W and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 518 EUR awarded · 518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 383 EUR | 383 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
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Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 980 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-12-2009
Fiscal year end31-03
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
46432Wholesale trade
68110Buying and selling of own real estate
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821793601
Also
9925:BE0821793601
Registered
15-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.