CWAS
ActiveSummary
CWAS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €4k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-10
Solvency60▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.59 in 2024; short-term debt: 56.1% and cash: 0.2% of total assets), and 65.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% 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
34.6%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
342 d late
2023
61 d late
2022
78 d late
2021
443 d late
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€393k
EBIT margin
2.5%
Net result
€4k▲ 2.0%
2024 · €4k
2018: €-642
2019: €21k▲ +3398% vs 2018
2020: €8k▼ -61.1% vs 2019
2021: €5k▼ -42.8% vs 2020
2022: €48k▲ +929% vs 2021highest in 8 years
2023: €-1k▼ -102% vs 2022lowest in 8 years
2024: €4k▲ +515% vs 2023
2025: €4k▲ +2.0% vs 2024
2018 → 2025
Working capital
€57k▲ 33.8%
2024 · €42k
2018: €-19klowest in 8 years
2019: €-12k▲ +37.9% vs 2018
2020: €3k▲ +127% vs 2019
2021: €12k▲ +290% vs 2020
2022: €68k▲ +459% vs 2021highest in 8 years
2023: €40k▼ -41.7% vs 2022
2024: €42k▲ +6.6% vs 2023
2025: €57k▲ +33.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€393k
Equity€29k-€78k▲ 166%€77k▼ 1.4%€81k▲ 5.7%€93k▲ 15.1%
2021: €29klowest in 5 years
2022: €78k▲ +166% vs 2021
2023: €77k▼ -1.4% vs 2022
2024: €81k▲ +5.7% vs 2023
2025: €93k▲ +15.1% vs 2024highest in 5 years
Operating result€8k-€74k▲ 873%€361▼ 99.5%€23k▲ 6,329%€10k▼ 58.3%
2021: €8k
2022: €74k▲ +873% vs 2021highest in 5 years
2023: €361▼ -99.5% vs 2022lowest in 5 years
2024: €23k▲ +6329% vs 2023
2025: €10k▼ -58.3% vs 2024
Net result€5k-€48k▲ 929%€-1k€4k€4k▲ 2.0%
2021: €5k
2022: €48k▲ +929% vs 2021highest in 5 years
2023: €-1k▼ -102% vs 2022lowest in 5 years
2024: €4k▲ +515% vs 2023
2025: €4k▲ +2.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€61k ▲ 11.2%
Current assets
€208k ▲ 82.1%
Equity and liabilities €269k
Equity
€93k ▲ 15.1%
Debt
€176k ▲ 99.2%
Debt's share of the balance-sheet total rises from 52.2% to 65.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €38k
Cash flow
€19k▼
2024 · €20k
Current ratio
1.37▼
2024 · 1.59
Quick ratio
0.48▲
2024 · 0.41
Debt to equity
1.89▲
2024 · 1.09
ROE
4.8%▼
2024 · 5.4%
ROA
1.7%▼
2024 · 2.6%
Interest coverage
11.10▼
2024 · 16.54
Debt ≤ 1 year
€151k▲
2024 · €72k
Debt > 1 year
€25k▲
2024 · €17k
Income taxes
€3k▼
2024 · €17k
Staff costs
€31k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€269k▲
Fixed assets21/28€55k€61k▲
Tangible fixed assets22/27€43k€50k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€40k€48k▲
Other tangible fixed assets26€2k€459▼
Financial fixed assets28€12k€12k=
Current assets29/58€114k€208k▲
Stocks and contracts in progress3€84k€135k▲
Stocks30/36€84k€135k▲
Amounts receivable within one year40/41€13k€69k▲
Trade receivables40€13k€69k▲
Other amounts receivable41€173€569▲
Cash at bank and in hand54/58€13k€648▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€169k€269k▲
Equity10/15€81k€93k▲
Contributions10/11€6k€14k▲
Reserves13€67k€67k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€8k€12k▲
Amounts payable17/49€88k€176k▲
Amounts payable after more than one year17€17k€25k▲
Financial debts170/4€17k€25k▲
Amounts payable within one year42/48€72k€151k▲
Current portion of amounts payable after more than one year42€5k€13k▲
Trade debts44€45k€98k▲
Suppliers440/4€45k€98k▲
Taxes, remuneration and social security45€21k€39k▲
Taxes450/3€18k€13k▼
Remuneration and social security454/9€3k€26k▲
Other amounts payable47/48-€256
Income statement
Code20242025
Turnover70-€393k
Goods, raw materials, services and sundry goods60/61-€365k
Remuneration, social security and pensions62€24k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-584-
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€584-
Gross operating margin9900€64k€57k▼
Operating profit (loss)9901€23k€10k▼
Financial income75/76B€74€1▼
Recurring financial income75€74€1▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€21k€8k▼
Income taxes67/77€17k€3k▼
Profit (loss) for the period9904€4k€4k▲
Profit (loss) for the period to be appropriated9905€4k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€12k▲
Profit (loss) brought forward from the previous period14P€4k€8k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €393k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €365k | - |
| Remuneration, social security and pensions62 | €30k | €46k | €43k | €24k | €31k | ▲ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €6k | €15k | €14k | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €584 | - | - | €-584 | - | - |
| Other operating charges640/8 | €6k | €1k | €2k | €1k | €1k | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | €584 | - | - |
| Gross operating margin9900 | €52k | €129k | €51k | €64k | €57k | ▼ 10.5% |
| Operating profit (loss)9901 | €8k | €74k | €361 | €23k | €10k | ▼ 58.3% |
| Financial income75/76B | €31 | €11 | €75 | €74 | €1 | ▼ 98.2% |
| Recurring financial income75 | €31 | €11 | €75 | €74 | €1 | ▼ 98.2% |
| Financial charges65/66B | €930 | €1k | €1k | €2k | €2k | ▼ 7.4% |
| Recurring financial charges65 | €930 | €1k | €1k | €2k | €2k | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €7k | €73k | €-1k | €21k | €8k | ▼ 64.1% |
| Income taxes67/77 | €2k | €24k | - | €17k | €3k | ▼ 81.5% |
| Profit (loss) for the period9904 | €5k | €48k | €-1k | €4k | €4k | ▲ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €5k | €48k | €-1k | €4k | €4k | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172k | €140k | €308k | €169k | €269k | ▲ 59.0% |
| Fixed assets21/28 | €17k | €10k | €56k | €55k | €61k | ▲ 11.2% |
| Tangible fixed assets22/27 | €17k | €10k | €51k | €43k | €50k | ▲ 14.3% |
| Plant, machinery and equipment23 | €5k | €3k | €2k | €1k | €2k | ▲ 45.2% |
| Furniture and vehicles24 | €4k | €1k | €46k | €40k | €48k | ▲ 17.9% |
| Other tangible fixed assets26 | €9k | €5k | €3k | €2k | €459 | ▼ 76.7% |
| Financial fixed assets28 | - | - | €5k | €12k | €12k | = |
| Current assets29/58 | €155k | €131k | €252k | €114k | €208k | ▲ 82.1% |
| Stocks and contracts in progress3 | €95k | €95k | €95k | €84k | €135k | ▲ 59.8% |
| Stocks30/36 | €95k | €95k | €95k | €84k | €135k | ▲ 59.8% |
| Amounts receivable within one year40/41 | €43k | €23k | €51k | €13k | €69k | ▲ 429% |
| Trade receivables40 | €36k | €17k | €40k | €13k | €69k | ▲ 431% |
| Other amounts receivable41 | €7k | €7k | €11k | €173 | €569 | ▲ 229% |
| Cash at bank and in hand54/58 | €18k | €1k | €89k | €13k | €648 | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | €11k | €17k | €3k | €3k | ▼ 9.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172k | €140k | €308k | €169k | €269k | ▲ 59.0% |
| Equity10/15 | €29k | €78k | €77k | €81k | €93k | ▲ 15.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €14k | ▲ 126% |
| Reserves13 | €18k | €67k | €67k | €67k | €67k | = |
| Distributable reserves133 | €18k | €67k | €67k | €67k | €67k | = |
| Profit (loss) carried forward14 | €5k | €5k | €4k | €8k | €12k | ▲ 55.5% |
| Amounts payable17/49 | €143k | €63k | €232k | €88k | €176k | ▲ 99.2% |
| Amounts payable after more than one year17 | - | - | €19k | €17k | €25k | ▲ 49.7% |
| Financial debts170/4 | - | - | €19k | €17k | €25k | ▲ 49.7% |
| Amounts payable within one year42/48 | €143k | €63k | €212k | €72k | €151k | ▲ 111% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €5k | €13k | ▲ 170% |
| Trade debts44 | €33k | €30k | €56k | €45k | €98k | ▲ 116% |
| Suppliers440/4 | €33k | €30k | €56k | €45k | €98k | ▲ 116% |
| Taxes, remuneration and social security45 | €49k | €33k | €55k | €21k | €39k | ▲ 84.4% |
| Taxes450/3 | €11k | €26k | €23k | €18k | €13k | ▼ 26.4% |
| Remuneration and social security454/9 | €37k | €6k | €32k | €3k | €26k | ▲ 707% |
| Other amounts payable47/48 | €62k | €190 | €95k | - | €256 | - |
| Accrued charges and deferred income492/3 | €50 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €48k | €-1k | €4k | €4k | ▲ 2.0% |
| + Depreciation and write-downs630 | €8k | €7k | €6k | €15k | €14k | ▼ 6.6% |
| Operating cash flow (approximation) | €13k | €56k | €5k | €20k | €19k | ▼ 4.7% |
| Investment in fixed assets (approximation) | - | €0 | €-53k | €-14k | €-20k | ▼ 42.7% |
| Change in cash | - | €-17k | €88k | €-76k | €-13k | ▲ 83.4% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 342 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 443 days late
2022
31-12
Financial
Highest result since 2018net €48k ▲929%
Operating result €74k, net result €48k, both a record.
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Roeselare · 1 establishment unit since 2006
Ground area
862 m²
Building footprint
495 m²
Volume, LiDAR
3,185 m³
Parcel 36502B0529/00Z000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
5 B - Lines
since 20062.159.964.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0529/00Z000 | Flanders | 862 m² | 1 · 495 m² | 11.5 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.
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Of 3,208 companies in sector 95316 we hold annual accounts for 751. 539 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
Founded29-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
46442Wholesale trade
46851Wholesale of industrial chemicals
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.