CW Solutions
ActiveSummary
CW Solutions has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100 and a net result of €47,744. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency25▼-22
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
0.1%
Return on assets
38.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17239 sector peers (2025).
NBB · sector comparisonPosition among 17239 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 18-03-2026, 135 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
135 d early
2024
29 d early
2023
75 d early
2022
34 d early
2021
31 d early
2020
29 d early
2019
on the day
← 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 48 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 27 June (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€100▼ 99.7%
2024 · €37,311
Total assets
€124,520▼ 26.9%
2024 · €170,402
Net result
€47,744▲ 28.3%
2024 · €37,211
Working capital
-€50,319▼ 212%
2024 · -€16,103
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49,645▲ 6.3%€42,246▼ 14.9%€40,208▼ 4.8%€52,324▲ 30.1%€64,575▲ 23.4%
Net result€37,967within the sector's middle half▲ 8.1%€31,999within the sector's middle half▼ 15.7%€30,046within the sector's middle half▼ 6.1%€37,211within the sector's middle half▲ 23.8%€47,744within the sector's middle half▲ 28.3%
Equity€18,600below the sector's middle half▼ 9.1%€18,600below the sector's middle half=€18,600below the sector's middle half=€37,311within the sector's middle half▲ 101%€100below the sector's middle half▼ 99.7%
Total assets€67,276below the sector's middle half▼ 12.9%€104,449within the sector's middle half▲ 55.3%€74,852within the sector's middle half▼ 28.3%€170,402within the sector's middle half▲ 128%€124,520within the sector's middle half▼ 26.9%
Debt€48,676▼ 14.3%€85,849▲ 76.4%€56,252▼ 34.5%€133,091▲ 137%€124,420▼ 6.5%
Working capital-€14,236below the sector's middle half-€8,004below the sector's middle half▲ 43.8%-€6,547below the sector's middle half▲ 18.2%-€16,103below the sector's middle half▼ 146%-€50,319below the sector's middle half▼ 212%
Solvency27.6%below the sector's middle half▲ 1.2pp17.8%below the sector's middle half▼ 9.8pp24.8%below the sector's middle half▲ 7.0pp21.9%below the sector's middle half▼ 3.0pp0.1%below the sector's middle half▼ 21.8pp
Current ratio0.69below the sector's middle half▼ 0.400.90below the sector's middle half▲ 0.220.88below the sector's middle half▼ 0.020.80below the sector's middle half▼ 0.090.42below the sector's middle half▼ 0.37
Return on assets (ROA)56.4%above the sector's middle half▲ 11.0pp30.6%above the sector's middle half▼ 25.8pp40.1%above the sector's middle half▲ 9.5pp21.8%within the sector's middle half▼ 18.3pp38.3%above the sector's middle half▲ 16.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,520
Fixed assets
€87,584 ▼ 18.5%
Current assets
€36,935 ▼ 41.4%
Equity and liabilities €124,520
Equity
€100 ▼ 99.7%
Debt
€124,420 ▼ 6.5%
Debt's share of the balance-sheet total rises from 78.1% to 99.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€88,754▲
2024 · €65,397
Cash flow
€71,922▲
2024 · €50,284
Interest coverage
34.91▲
2024 · 22.32
Debt ≤ 1 year
€87,255▲
2024 · €79,091
Debt > 1 year
€37,165▼
2024 · €54,000
Income taxes
€14,289▲
2024 · €12,354
Equity ratios withheld: equity of €100 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,325 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,030 | €9,199 | €4,826 | €13,073 | €24,178 | ▲ 85.0% |
| Other operating charges640/8 | €182 | €977 | €675 | €672 | €1,274 | ▲ 89.7% |
| Gross operating margin9900 | €57,856 | €52,423 | €45,709 | €66,069 | €90,028 | ▲ 36.3% |
| Operating profit (loss)9901 | €49,645 | €42,246 | €40,208 | €52,324 | €64,575 | ▲ 23.4% |
| Financial income75/76B | €0 | - | - | €170 | - | - |
| Recurring financial income75 | €0 | - | - | €170 | - | - |
| Financial charges65/66B | €1,015 | €123 | €381 | €2,930 | €2,542 | ▼ 13.2% |
| Recurring financial charges65 | €1,015 | €123 | €381 | €2,930 | €2,542 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €48,629 | €42,123 | €39,826 | €49,565 | €62,033 | ▲ 25.2% |
| Income taxes67/77 | €10,662 | €10,124 | €9,781 | €12,354 | €14,289 | ▲ 15.7% |
| Profit (loss) for the period9904 | €37,967 | €31,999 | €30,046 | €37,211 | €47,744 | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €37,967 | €31,999 | €30,046 | €37,211 | €47,744 | ▲ 28.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,276 | €104,449 | €74,852 | €170,402 | €124,520 | ▼ 26.9% |
| Fixed assets21/28 | €36,111 | €30,571 | €25,147 | €107,415 | €87,584 | ▼ 18.5% |
| Tangible fixed assets22/27 | €36,111 | €30,571 | €25,147 | €107,415 | €87,584 | ▼ 18.5% |
| Land and buildings22 | €14,579 | €16,569 | €14,655 | €12,741 | €10,827 | ▼ 15.0% |
| Furniture and vehicles24 | €15,372 | €8,676 | €5,999 | €88,799 | €68,030 | ▼ 23.4% |
| Other tangible fixed assets26 | €6,160 | €5,326 | €4,492 | €5,874 | €8,727 | ▲ 48.6% |
| Current assets29/58 | €31,165 | €73,877 | €49,705 | €62,988 | €36,935 | ▼ 41.4% |
| Amounts receivable within one year40/41 | €13,175 | €22,146 | €25,975 | €45,796 | €11,348 | ▼ 75.2% |
| Trade receivables40 | €8,710 | €14,740 | €11,798 | €43,581 | €11,002 | ▼ 74.8% |
| Other amounts receivable41 | €4,465 | €7,406 | €14,178 | €2,215 | €346 | ▼ 84.4% |
| Cash at bank and in hand54/58 | €16,705 | €50,147 | €18,968 | €12,705 | €20,114 | ▲ 58.3% |
| Deferred charges and accrued income490/1 | €1,284 | €1,584 | €4,762 | €4,487 | €5,473 | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,276 | €104,449 | €74,852 | €170,402 | €124,520 | ▼ 26.9% |
| Equity10/15 | €18,600 | €18,600 | €18,600 | €37,311 | €100 | ▼ 99.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €100 | €100 | = |
| Reserves13 | - | - | - | €37,211 | - | - |
| Distributable reserves133 | - | - | - | €37,211 | - | - |
| Amounts payable17/49 | €48,676 | €85,849 | €56,252 | €133,091 | €124,420 | ▼ 6.5% |
| Amounts payable after more than one year17 | - | - | - | €54,000 | €37,165 | ▼ 31.2% |
| Financial debts170/4 | - | - | - | €54,000 | €37,165 | ▼ 31.2% |
| Amounts payable within one year42/48 | €45,401 | €81,881 | €56,252 | €79,091 | €87,255 | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,216 | €16,835 | ▲ 3.8% |
| Trade debts44 | €3,196 | €9,937 | €5,235 | €6,514 | €4,140 | ▼ 36.4% |
| Suppliers440/4 | €3,196 | €9,937 | €5,235 | €6,514 | €4,140 | ▼ 36.4% |
| Taxes, remuneration and social security45 | - | €6,061 | €12,817 | €14,820 | €8,678 | ▼ 41.4% |
| Taxes450/3 | - | €6,061 | €12,817 | €14,820 | €8,678 | ▼ 41.4% |
| Other amounts payable47/48 | €42,204 | €65,884 | €38,200 | €41,541 | €57,602 | ▲ 38.7% |
| Accrued charges and deferred income492/3 | €3,275 | €3,968 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,967 | €31,999 | €30,046 | €37,211 | €47,744 | ▲ 28.3% |
| + Depreciation and write-downs630 | €8,030 | €9,199 | €4,826 | €13,073 | €24,178 | ▲ 85.0% |
| Operating cash flow (approximation) | €45,997 | €41,199 | €34,872 | €50,284 | €71,922 | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | -€3,660 | €599 | -€95,341 | -€4,348 | ▲ 95.4% |
| Change in cash | - | €33,442 | -€31,179 | -€6,263 | €7,409 | ▲ 218% |
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
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €47,744 ▲28.3%
Operating result €64,575, net result €47,744, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €100,765 ▲62.1%
2 profitable years in a row build equity to €100,765.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Lubbeek · 1 establishment unit since 2016
Ground area
772 m²
Building footprint
117 m²
Volume, LiDAR
576 m³
Parcel 24066C0391/00L002, Flanders · tallest building 15.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CW Solutions
since 20162.251.634.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066C0391/00L002 | Flanders | 772 m² | 1 · 117 m² | 15.3 m · 1 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.
Similar companies · same sector, comparable size
Jean Jean
BE 0637.817.560
Wavre · Eq €100
Storcom
BE 0721.881.423
Antwerpen · Eq €100
DAT'SIT PROJECT
BE 0727.503.859
Court-Saint-Etienne · Eq €100
AnRa
BE 0728.923.227
Brussel · Eq €100
G-KIT
BE 0733.605.555
Kortenberg · Eq €100
Of 30,008 companies in sector 62200 we hold annual accounts for 18,400. 239 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
Founded09-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649779739
Also
9925:BE0649779739
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.