CTRWOLUWE (0748.532.568), Bankruptcy closed: financials and annual accounts

CTRWOLUWE

KBO/BCE: BE 0748.532.568

Line	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	136,295	133,294	101,167	132,169
Fixed assets`21/28`	63,602	96,994	70,113	79,995
Intangible fixed assets`21`	36,380	42,380	48,380	54,380
Tangible fixed assets`22/27`	27,222	54,614	21,732	25,615
Land and buildings`22`	12,031	13,988	15,945	17,902
Plant, machinery and equipment`23`	2,268	3,487	5,015	6,542
Furniture and vehicles`24`	12,923	37,139	773	1,171
Current assets`29/58`	72,693	36,299	31,054	52,174
Stocks and contracts in progress`3`	5,856	5,856	15,347	-
Stocks`30/36`	5,856	5,856	15,347	-
Amounts receivable within one year`40/41`	46,873	9,049	-	35,351
Trade receivables`40`	12,000	-	-	20,728
Other amounts receivable`41`	34,873	9,049	-	14,623
Cash at bank and in hand`54/58`	17,888	19,084	15,707	16,823
Deferred charges and accrued income`490/1`	2,076	2,310	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	136,295	133,294	101,167	132,169
Equity`10/15`	-43,177	-53,179	-72,934	-84,997
Contributions`10/11`	4,000	4,000	-	-
Profit (loss) carried forward`14`	-47,177	-57,179	-72,934	-84,997
Amounts payable`17/49`	179,472	186,473	174,101	217,166
Amounts payable after more than one year`17`	18,235	24,279	-	-
Financial debts`170/4`	18,235	24,279	-	-
Amounts payable within one year`42/48`	154,934	155,893	174,101	217,166
Current portion of amounts payable after more than one year`42`	6,043	5,547	-	-
Trade debts`44`	26,296	14,708	83,024	79,788
Suppliers`440/4`	26,296	14,708	83,024	79,788
Taxes, remuneration and social security`45`	50,457	28,686	33,346	22,505
Taxes`450/3`	18,203	16,062	13,592	483
Remuneration and social security`454/9`	32,254	12,624	19,754	22,022
Other amounts payable`47/48`	72,138	106,952	57,731	114,873
Accrued charges and deferred income`492/3`	6,302	6,302	-	-
Income statement
Gross operating margin`9900`	186,391	206,633	182,930	41,319
Remuneration, social security and pensions`62`	143,470	169,039	156,296	112,630
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	13,137	14,124	9,882	8,405
Other operating charges`640/8`	16,719	5,947	-	535
Operating profit (loss)`9901`	13,065	17,523	16,752	-80,251
Financial income`75/76B`	0	94	-	-
Recurring financial income`75`	0	94	-	-
Financial charges`65/66B`	2,773	1,730	4,688	4,746
Recurring financial charges`65`	2,773	1,730	4,688	4,746
Profit (loss) for the period before taxes`9903`	10,293	15,887	12,064	-84,997
Income taxes`67/77`	290	132	1	-
Profit (loss) for the period`9904`	10,002	15,755	12,063	-84,997
Profit (loss) for the period to be appropriated`9905`	10,002	15,755	12,063	-84,997
Appropriation of the result
Profit (loss) to be appropriated`9906`	-47,177	-57,179	-72,934	-84,997
Profit (loss) brought forward from the previous period`14P`	-57,179	-72,934	-84,997	-
Social balance sheet
Average staff (FTE)`9087`	9.8	9.5	-	5
Hours worked`1013`	5,705	7,183	-	5,649
Document	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	24-07-2025	2025-00301080	PDF
31-12-2023	micro format	23-06-2024	2024-00164363	PDF
31-12-2022	micro format	23-06-2023	2023-00158242	PDF
31-12-2021	micro format	02-09-2022	2022-20414196	PDF

Line	2024	2023	2022	2021
EBITDA	26,202	31,647	26,634	-71,846
Cash flow	23,139	29,879	21,945	-76,592
Investment in fixed assets (approximation)	15,510	41,006	0	88,400
Change in cash	-1,196	3,377	-1,116	-
Working capital	-82,242	-119,593	-143,047	-164,992
Solvency	-31.7%	-39.9%	-72.1%	-64.3%
Current ratio	0.47	0.23	0.18	0.24
Quick ratio	0.43	0.20	0.09	0.24
ROA	7.3%	11.8%	11.9%	-64.3%
Interest coverage	9.45	18.30	5.68	-15.14

Item	31-12-2024	31-12-2023	31-12-2021
Employees at the balance-sheet date	8	18	11
full-time	1	2	5
part-time	7	16	6
in full-time equivalents	4.1	7.9	8
Average over the year, in full-time equivalents	5	5.9	5
On a permanent contract	3	4	6
Joined	6	20	18
Left	16	15	12

Item	2024	2023	2022	2021
Tangible fixed assets	€15,510	€41,006	-	€28,400
Intangible fixed assets	-	-	-	€60,000
Depreciation and write-downs of the year	€13,137	€14,124	€9,882	€8,405

CTRWOLUWE

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€14,640

Joined and left-10

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CTRWOLUWE