Financials
- Fiscal year
- 2025
- Total assets
- €123,768
- Loss
- -€20,674
- Solvency
- 1.1%
Total assets▲ 1.9%
Net result
20182025
CW ADVISORY
ActiveSummary
The annual accounts of CW ADVISORY for fiscal year 2025 show a net loss of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €1,409 and a net result of -€20,674. Equity is shrinking by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 825 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Sports and recreation education
NACE 85510
1 site
Size
€123,768total assets 2025
- Equity
- €1,409
- Loss
- -€20,674
Turnover not published (abridged schema)
Structure
Accounts 91 d early0 of 2 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €20,674, the second in a row (FY 2025)- Equity €1,409 (1.1% of total assets)+ Size: total assets €123,768+ Sector Education (NACE 85)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 8% of its sector peers (NACE 85, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
26-17
equity 1.1% of total assets
Liquidity
7-38
short-term debt 98.9% · cash 6.0%
Profitability
0-17
return on assets -16.7%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%▼ -1.2% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%● 0.0% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.2%▲ +8.5% vs 03-2025
05-2025: 0.2%▼ -3.9% vs 04-2025
06-2025: 0.2%▲ +0.6% vs 05-2025
07-2025: 0.2%● 0.0% vs 06-2025
08-2025: 0.2%▼ -6.9% vs 07-2025
09-2025: 0.2%● 0.0% vs 08-2025
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%▼ -6.8% vs 12-2025lowest value
02-2026: 0.2%● 0.0% vs 01-2026lowest value
03-2026: 0.2%● 0.0% vs 02-2026lowest value
04-2026: 0.2%▲ +4.0% vs 03-2026
05-2026: 0.2%▼ -3.8% vs 04-2026lowest value
06-2026: 0.4%▲ +185% vs 05-2026highest value
07-2026: 0.4%● 0.0% vs 06-2026highest value
08-2026: 0.4%▼ -1.9% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%▲ +0.2% vs 09-2026
- Loss of €20,674, the second in a row (FY 2025) raises the probability
- Size: total assets €123,768 lowers the probability for this profile
- Sector Education (NACE 85) lowers the probability
- Equity €1,409 (1.1% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.06 against 0.21 in 2024; short-term debt: 98.9% and cash: 6% of total assets), and 98.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 85, micro). Better than this share of them on solvency 16%, liquidity 5%, profitability 6%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,674
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 825 sector peers (2025).
NBB · sector comparisonPosition among 825 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-05-2026, 91 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
91 d early
2024
75 d early
2023
71 d early
2022
41 d early
2021
88 d early
2020
78 d early
2019
84 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 75 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 01-05-2026Annual accounts filed
- 17-05-2025Annual accounts filed
- 21-05-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Sports and recreation educationNACE 85510
- Founded
- 07-07-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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