CWC
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €190,000 and €340,000.
Balance sheet
balance sheet total €295,159 on 31-12-2025in euro
in euro
Position in the sector
72.8%
Higher than 72% of 9,695 companies in 2025.
3.02
Higher than 66% of 9,313 companies in 2025.
30.0%
Higher than 75% of 9,437 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
295,159 | 237,923 | 98,477 | 39,655 | 49,926 | |
21/28 |
52,231 | 69,630 | 1,242 | - | - | |
22/27 |
52,231 | 69,630 | 1,242 | - | - | |
22 |
- | - | 1,242 | - | - | |
23 |
5,306 | 6,218 | - | - | - | |
24 |
46,925 | 63,412 | - | - | - | |
29/58 |
242,928 | 168,293 | 97,235 | 39,655 | 49,926 | |
40/41 |
15,972 | 21,725 | 17,963 | 1,283 | 7,866 | |
40 |
15,972 | 21,707 | 17,959 | - | 7,860 | |
41 |
- | 18 | 4 | 1,283 | 6 | |
54/58 |
226,956 | 146,568 | 79,272 | 38,372 | 42,060 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
295,159 | 237,923 | 98,477 | 39,655 | 49,926 | |
10/15 |
214,786 | 126,114 | 69,349 | 39,023 | 43,343 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
13 |
170,350 | 81,750 | 25,000 | - | - | |
130/1 |
5,000 | 5,000 | 5,000 | - | - | |
1311 |
5,000 | 5,000 | 5,000 | - | - | |
133 |
165,350 | 76,750 | 20,000 | - | - | |
14 |
-5,564 | -5,636 | -5,651 | -10,977 | -6,657 | |
17/49 |
80,373 | 111,809 | 29,128 | 632 | 6,583 | |
42/48 |
80,373 | 111,809 | 29,128 | 632 | 6,583 | |
44 |
1,939 | 1,893 | - | 632 | 6,583 | |
440/4 |
1,939 | 1,893 | - | 632 | 6,583 | |
45 |
42,425 | 27,257 | 19,566 | - | - | |
450/3 |
42,425 | - | - | - | - | |
454/9 |
- | 27,257 | 19,566 | - | - | |
47/48 |
36,009 | 82,659 | 9,562 | - | - | |
| Income statement | ||||||
9900 |
162,618 | 150,257 | 40,642 | -4,200 | -6,583 | |
630 |
18,087 | 20,346 | - | - | - | |
640/8 |
- | 126 | 117 | - | - | |
9901 |
144,531 | 129,785 | 40,525 | -4,200 | -6,583 | |
65/66B |
153 | 147 | 127 | 120 | 74 | |
65 |
153 | 147 | 127 | 120 | 74 | |
9903 |
144,378 | 129,638 | 40,398 | -4,320 | -6,657 | |
67/77 |
55,706 | 22,873 | 10,072 | - | - | |
9904 |
88,672 | 106,765 | 30,326 | -4,320 | -6,657 | |
9905 |
88,672 | 106,765 | 30,326 | -4,320 | -6,657 | |
| Appropriation of the result | ||||||
9906 |
83,036 | 101,114 | 19,349 | -10,977 | -6,657 | |
14P |
-5,636 | -5,651 | -10,977 | -6,657 | - | |
691/2 |
88,600 | 56,750 | 25,000 | - | - | |
6920 |
- | - | 5,000 | - | - | |
6921 |
88,600 | 56,750 | 20,000 | - | - | |
694/7 |
- | 50,000 | - | - | - | |
695 |
- | 50,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00381211 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00286080 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00296853 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00400434 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20340396 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 162,618 | 150,131 | - | - | - | ||
| 106,759 | 127,111 | - | - | - | ||
| 688 | 88,734 | 1,242 | - | - | ||
| 80,388 | 67,296 | 40,900 | -3,688 | - | ||
| 162,555 | 56,484 | 68,107 | 39,023 | 43,343 | ||
| 72.8% | 53.0% | 70.4% | 98.4% | 86.8% | ||
| 3.02 | 1.51 | 3.34 | 62.78 | 7.58 | ||
| 0.37 | 0.89 | 0.42 | 0.02 | 0.15 | ||
| 41.3% | 84.7% | 43.7% | -11.1% | -15.4% | ||
| 30.0% | 44.9% | 30.8% | -10.9% | -13.3% | ||
| over 100 | over 100 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €688 | €88,734 | €1,242 | - | - |
| €18,087 | €20,346 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CWC
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total falls from 47.0% to 27.2%. Equity is higher and debt is lower.