CIWAN (0833.430.334), In bankruptcy: financials and annual accounts

CIWAN

KBO/BCE: BE 0833.430.334

Line	2026	2025	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012
Balance sheet: assets
Total assets`20/58`	41,674	57,171	28,085	36,869	44,694	43,425	56,227	68,095	16,001	54,331	94,306	105,789	211,368
Fixed assets`21/28`	24,000	48,000	17,447	25,916	35,184	35,184	44,605	54,104	4,110	35,581	61,221	84,890	110,240
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	20,000	40,000	60,000	80,000
Tangible fixed assets`22/27`	24,000	48,000	17,447	25,916	35,184	35,184	44,605	54,104	4,110	15,581	21,221	24,890	30,240
Plant, machinery and equipment`23`	24,000	48,000	17,447	-	35,184	35,184	44,452	53,720	3,496	14,506	18,489	22,037	30,240
Furniture and vehicles`24`	-	-	-	-	-	-	154	384	614	1,075	2,732	2,854	-
Leasing and similar rights`25`	-	-	-	25,916	-	-	-	-	-	-	-	-	-
Current assets`29/58`	17,674	9,171	10,638	10,953	9,510	8,241	11,622	13,991	11,891	18,750	33,085	20,899	101,128
Stocks and contracts in progress`3`	3,240	6,750	5,750	5,750	7,750	7,750	7,750	7,750	7,750	18,750	18,750	18,750	-
Stocks`30/36`	3,240	6,750	5,750	5,750	7,750	7,750	7,750	7,750	7,750	18,750	18,750	18,750	-
Amounts receivable within one year`40/41`	14,138	-	3,790	2,791	-	-	-	-	1,640	-	14,335	2,149	-
Trade receivables`40`	-	-	-	-	-	-	-	-	1,640	-	9,892	-	-
Other amounts receivable`41`	14,138	-	3,790	2,791	-	-	-	-	-	-	4,442	2,149	-
Cash at bank and in hand`54/58`	296	2,421	1,098	2,412	1,760	491	3,872	6,241	2,501	-	-	-	1,128
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	-	-	100,000
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	41,674	57,171	28,085	36,869	44,694	43,425	56,227	68,095	16,001	54,331	94,306	105,789	211,368
Equity`10/15`	23,705	22,095	21,712	17,426	15,932	10,281	14,176	5,856	-4,631	-55,495	-16,143	10,399	17,950
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	12,400	12,400	12,400	12,400	12,400
Capital`10`	-	-	-	18,600	18,600	18,600	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	3,245	1,635	1,252	-3,034	-4,528	-10,179	-6,284	-14,604	-18,891	-69,755	-30,403	-3,861	3,690
Amounts payable`17/49`	17,969	35,076	6,372	19,442	28,762	33,144	42,051	62,239	20,631	109,826	110,449	95,390	193,418
Amounts payable within one year`42/48`	17,969	35,076	6,372	19,442	28,762	33,144	42,051	62,239	20,631	109,826	110,449	95,390	193,418
Financial debts`43`	-	-	-	-	-	-	-	-	-	1,931	262	1,006	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	1,931	262	1,006	-
Trade debts`44`	3,340	869	1,114	1,215	-	-	-	160	1,582	93,689	94,408	78,066	142,000
Suppliers`440/4`	3,340	869	1,114	1,215	-	-	-	160	1,582	93,689	94,408	78,066	142,000
Taxes, remuneration and social security`45`	14,629	14,361	5,258	18,228	26,290	26,393	22,669	7,360	13,953	1,464	-	-	12,860
Taxes`450/3`	14,629	14,361	5,258	18,228	26,290	26,393	22,669	7,360	13,953	1,464	-	-	12,860
Other amounts payable`47/48`	-	19,846	-	-	2,472	6,751	19,382	54,718	5,096	12,742	15,778	16,318	38,558
Income statement
Turnover`70`	-	-	-	-	-	119,451	155,370	113,889	77,659	-	-	103,613	102,042
Gross operating margin`9900`	39,137	63,157	12,817	10,762	7,049	14,658	25,720	15,882	11,783	-10,279	7,185	27,940	37,150
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	104,793	129,650	98,007	65,875	-	-	79,733	67,892
Remuneration, social security and pensions`62`	13,141	7,374	-	-	1,056	4,159	6,973	-	-	-	4,093	5,033	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	24,000	40,921	8,469	9,268	-	9,422	9,498	9,498	4,754	28,144	28,110	29,960	31,760
Other operating charges`640/8`	118	118	62	-	250	1,119	593	1,877	412	813	1,484	191	-
Operating profit (loss)`9901`	1,878	14,743	4,286	1,494	5,743	-42	8,655	4,507	6,618	-39,236	-26,502	-7,244	5,390
Financial income`75/76B`	-	-	-	-	-	84	2	-	-	-	-	5	284
Recurring financial income`75`	-	-	-	-	-	84	2	-	-	-	-	5	284
Financial charges`65/66B`	-	-	-	-	92	295	338	220	113	116	40	312	124
Recurring financial charges`65`	-	-	-	-	92	295	338	220	113	116	40	312	124
Profit (loss) for the period before taxes`9903`	1,878	14,743	4,286	1,494	5,651	-253	8,320	4,287	6,505	-39,352	-26,542	-7,551	5,550
Income taxes`67/77`	268	14,361	-	-	-	3,642	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	1,610	382	4,286	1,494	5,651	-3,895	8,320	4,287	6,505	-39,352	-26,542	-7,551	5,550
Profit (loss) for the period to be appropriated`9905`	1,610	382	4,286	1,494	5,651	-3,895	8,320	4,287	6,505	-39,352	-26,542	-7,551	5,550
Appropriation of the result
Profit (loss) to be appropriated`9906`	3,245	1,635	1,252	-3,034	-4,528	-10,179	-6,284	-14,604	-18,891	-69,755	-30,403	-3,861	5,550
Profit (loss) brought forward from the previous period`14P`	1,635	1,253	-3,034	-4,528	-10,179	-6,284	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	1,860
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	0.2	0.2	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	330	330	-
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Financial year	Type	Filed	Reference	Document
31-03-2026	micro format	15-09-2026	2026-00512861	PDF
31-03-2025	micro format	15-09-2026	2026-00512848	PDF
31-03-2023	micro format	05-02-2024	2024-00024963	PDF
31-03-2022	micro format	03-03-2024	2024-00038049	PDF
31-03-2021	micro format	03-03-2024	2024-00038047	PDF
31-03-2020	micro format	03-04-2024	2024-00055313	PDF
31-03-2019	micro format	28-08-2019	2019-53100044	PDF
31-03-2018	micro format	09-07-2019	2019-30400514	PDF
31-03-2017	micro format	09-07-2019	2019-30400512	PDF
31-03-2015	abbreviated format	29-09-2015	2015-61000428	PDF
31-03-2014	abbreviated format	24-10-2014	2014-65300546	PDF
31-03-2013	abbreviated format	30-10-2013	2013-65000077	PDF
31-03-2012	abbreviated format	14-03-2013	2013-06500050	PDF

Line	2026	2025	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012
EBITDA	25,878	55,665	12,755	10,762	-	9,379	18,154	14,005	11,371	-11,092	1,608	22,716	37,150
Cash flow	25,610	41,304	12,755	10,762	-	5,527	17,818	13,785	11,259	-11,208	1,568	22,409	37,310
Investment in fixed assets (approximation)	0	80,000	0	0	-	0	0	59,492	-	2,504	4,441	4,610	142,000
Change in cash	-2,125	-	-1,314	652	1,269	-3,381	-2,370	3,741	-	-	-	-	-
Working capital	-295	-25,905	4,266	-8,489	-19,251	-24,903	-30,429	-48,247	-8,741	-91,076	-77,364	-74,491	-92,290
EBIT margin	-	-	-	-	-	0.0%	5.6%	4.0%	8.5%	-	-	-7.0%	5.3%
Solvency	56.9%	38.6%	77.3%	47.3%	35.6%	23.7%	25.2%	8.6%	-28.9%	-102.1%	-17.1%	9.8%	8.5%
Current ratio	0.98	0.26	1.67	0.56	0.33	0.25	0.28	0.22	0.58	0.17	0.30	0.22	0.52
Quick ratio	0.80	0.07	0.77	0.27	0.06	0.01	0.09	0.10	0.20	0.00	0.13	0.02	0.52
Debt to equity	0.76	1.59	0.29	1.12	1.81	3.22	2.97	10.63	-	-	-	9.17	10.78
ROE	6.8%	1.7%	19.7%	8.6%	35.5%	-37.9%	58.7%	73.2%	-	-	-	-72.6%	30.9%
ROA	3.9%	0.7%	15.3%	4.1%	12.6%	-9.0%	14.8%	6.3%	40.7%	-72.4%	-28.1%	-7.1%	2.6%
Interest coverage	-	-	-	-	-	31.80	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	8 days	-	-	8 days	-
Supplier credit	-	-	-	-	-	-	-	1 day	9 days	-	-	357 days	763 days

Item	31-03-2026	31-03-2025	31-03-2023	31-03-2022	31-03-2021
Tangible fixed assets	-	€80,000	-	-	-
Depreciation and write-downs of the year	€24,000	€40,921	€8,469	€9,268	-

CIWAN

Annual accounts 2026

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency56.9%

Current ratio0.98

Return on assets3.9%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CIWAN