Debts
€175,873 ▲ 99.2%
Debts rose by €87,582 in 2025.
CWAS
Lifetime
19 annual accounts with figures on one time axispeak €128,571 (2022)
€56,860▼ 10.5%
lowest -€7,237 (2014)
€4,449▲ 2.0%
peak €93,120 (2025)
€93,120▲ 15.1%
€175,873▲ 99.2%
peak 1.2 FTE (2020)
-not published
Board3 names since 2020
1 directorSana Adeel
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Purpose change · Amendment of the articles · Legal-form chang… 03-11Equity from €80,889 to €93,120Debts from €88,291 to €175,873Cash from €13,275 to €648
Key points
from the 2025 annual accountsChecked score
63
Healthy
Financially stronger than 39% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.6%▼ -0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025lowest value
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.4%▲ +0.3 percentage points vs 09-2025
11-2025: 1.5%▲ +0.1 percentage points vs 10-2025
12-2025: 2.1%▲ +0.6 percentage points vs 11-2025
01-2026: 4.5%▲ +2.4 percentage points vs 12-2025
02-2026: 4.5%● unchanged vs 01-2026
03-2026: 4.8%▲ +0.3 percentage points vs 02-2026highest value
04-2026: 4.4%▼ -0.4 percentage points vs 03-2026
05-2026: 4.3%▼ -0.1 percentage points vs 04-2026
06-2026: 4.3%● unchanged vs 05-2026
07-2026: 4.3%● unchanged vs 06-2026
08-2026: 2.6%▼ -1.7 percentage points vs 07-2026
09-2026: 1.5%▼ -1.1 percentage points vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 19 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.37, cash €648, halved
Size: turnover €393,481, total assets €268,992
lowers risk
Founded in 2006
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 45% of them on solvency, 15% on liquidity, 34% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as CWAS has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CWAS itself is higher: 1.5% within 12 months. It rests on far more data about CWAS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for CWAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.59 in 2024), below the usual 1.5. Short-term debt is 56.1% and cash 0.2% of total assets. 65.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 19 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
19 days late
2024
342 days late
2023
61 days late
2022
78 days late
2021
443 days late
2020
1 day early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 134 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 October (4 of the last 5 accounts filed within 264 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“nieuw artikel 3” (deed in Dutch) · Legal-form conversion: to private limited company · General meeting of 28-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0882176891
Resignations: Nasir Mehmood (director) and Roják Juraj (director)
General meeting of 01-04-2023 · Gazette deed
Appointment: Rojak Juraj (manager)
General meeting of 24-01-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CWAS Roeselare | €268,992 | €56,860 | 34.6% | - |
| RM QUALITY Roeselare | €247,739 | €62,384 | 94.3% | - |
| CAR CLEAN SERVICES Aartselaar | €214,493 | €52,331 | -36.0% | - |
| SETI Evere | €283,805 | €61,495 | 14.2% | - |
| TUNA CAR CLEANING Ravels | €283,744 | €40,713 | 98.6% | - |
| V D BROECK INV Londerzeel | €398,701 | €46,009 | 77.9% | - |
| BLUE ELEPHANT & PARTNERS Geraardsbergen | €158,413 | €56,302 | 34.2% | - |
These companies have the same main activity as CWAS: washing and cleaning of motor vehicles (NACE 95316). They are comparable in size and age: total assets between €158,000 and €399,000, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 29-06-2006Normal situation
- Activity
- Washing and cleaning of motor vehiclesNACE 95316and 3 others
- Joint committee
- 102Quarries · annual accounts 2025
- Establishment unit
- 2.159.964.8218800 Roeselare, since 29-06-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2025
Insights on CWAS
CWAS files the micro format. That format states no turnover. The gross margin rose from -€1,400 in 2007 to €56,860 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CWAS
- What is the company number of CWAS?
- The company number of CWAS is 0882.176.891. The VAT number is the same number with BE in front: BE 0882.176.891.
- Where is CWAS based?
- The registered office is at Meensesteenweg 299, 8800 Roeselare.Company details
- What does CWAS do?
- According to the KBO register, the main activity is washing and cleaning of motor vehicles (NACE 95316).
- What is the legal form of CWAS?
- CWAS is a private limited company (BV).
- When was CWAS founded?
- CWAS was founded on 29-06-2006.
- Is CWAS still active?
- Yes, CWAS is an active enterprise in the KBO register.
- How many employees does CWAS have?
- CWAS had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CWAS fall under?
- In its 2025 annual accounts, CWAS states joint committee 102 (Quarries).
- What is the turnover of CWAS?
- The turnover of CWAS was €393,481 in financial year 2025, according to the filed annual accounts.
- Is CWAS profitable?
- In financial year 2025, CWAS made a profit of €4,449.
- Where can I find the annual accounts of CWAS?
- CWAS filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CWAS due?
- CWAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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