CWD
ActiveSummary
CWD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €57. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 54% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-12
Solvency75▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.58 against 2.86 in 2024; short-term debt: 25.6% and cash: 6.3% of total assets), and 49.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
50.5%
Return on assets
0.1%
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 31-08-2026, 31 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
31 d late
2024
31 d late
2023
68 d late
2022
73 d late
2021
78 d late
2020
130 d late
2019
92 d late
← 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
Equity
€42k▲ 0.1%
2024 · €42k
Total assets
€83k▼ 14.4%
2024 · €97k
Net result
€57
2024 · €-333
Working capital
€55k▼ 6.1%
2024 · €59k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24k▲ 195%€-2k€5k€5k▲ 2.0%€6k▲ 24.0%
Net result€22k▲ 286%€-5k€73€-333€57
Equity€47k▲ 85.4%€42k▼ 9.9%€42k▲ 0.2%€42k▼ 0.8%€42k▲ 0.1%
Total assets€75k▼ 10.2%€87k▲ 16.5%€98k▲ 12.6%€97k▼ 0.3%€83k▼ 14.4%
Debt€28k▼ 52.2%€45k▲ 61.3%€55k▲ 24.5%€55k=€41k▼ 25.4%
Working capital€47k▲ 47.5%€38k▼ 18.4%€65k▲ 70.3%€59k▼ 10.2%€55k▼ 6.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€7k ▼ 1.5%
Current assets
€77k ▼ 15.4%
Equity and liabilities €83k
Equity
€42k ▲ 0.1%
Debt
€41k ▼ 25.4%
Debt's share of the balance-sheet total falls from 56.8% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €7k
Cash flow
€3k▲
2024 · €2k
Current ratio
3.58▲
2024 · 2.86
Quick ratio
3.20▲
2024 · 2.56
Debt to equity
0.98▼
2024 · 1.32
ROE
0.1%▲
2024 · -0.8%
ROA
0.1%▲
2024 · -0.3%
Interest coverage
2.31▼
2024 · 3.83
Debt ≤ 1 year
€21k▼
2024 · €32k
Debt > 1 year
€19k▼
2024 · €23k
Income taxes
€3k=
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €3k | €2k | €3k | ▲ 34.2% |
| Other operating charges640/8 | €1k | €4k | €2k | €3k | €3k | ▲ 25.5% |
| Non-recurring operating charges66A | - | - | €363 | €125 | €437 | ▲ 249% |
| Gross operating margin9900 | €28k | €4k | €10k | €9k | €12k | ▲ 29.6% |
| Operating profit (loss)9901 | €24k | €-2k | €5k | €5k | €6k | ▲ 24.0% |
| Financial income75/76B | €661 | €114 | €0 | €0 | €1k | ▲ 842,764% |
| Recurring financial income75 | €661 | €114 | €0 | €0 | €1k | ▲ 842,764% |
| Financial charges65/66B | €1k | €1k | €2k | €2k | €4k | ▲ 111% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €4k | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €23k | €-3k | €2k | €3k | €3k | ▲ 13.3% |
| Income taxes67/77 | €1k | €1k | €2k | €3k | €3k | = |
| Profit (loss) for the period9904 | €22k | €-5k | €73 | €-333 | €57 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €22k | €-5k | €73 | €-333 | €57 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75k | €87k | €98k | €97k | €83k | ▼ 14.4% |
| Fixed assets21/28 | €7k | €6k | €4k | €7k | €7k | ▼ 1.5% |
| Tangible fixed assets22/27 | €5k | €4k | €2k | €5k | €5k | ▼ 2.1% |
| Plant, machinery and equipment23 | €352 | €1k | €690 | €1k | €814 | ▼ 40.1% |
| Furniture and vehicles24 | €5k | €3k | €2k | €4k | €4k | ▲ 11.9% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €68k | €81k | €94k | €90k | €77k | ▼ 15.4% |
| Stocks and contracts in progress3 | €16k | €19k | €24k | €9k | €8k | ▼ 13.9% |
| Stocks30/36 | €16k | €19k | €24k | €9k | €8k | ▼ 13.9% |
| Amounts receivable within one year40/41 | €49k | €62k | €68k | €75k | €60k | ▼ 19.4% |
| Trade receivables40 | €14k | €24k | €27k | €18k | €25k | ▲ 38.5% |
| Other amounts receivable41 | €35k | €38k | €41k | €56k | €35k | ▼ 38.0% |
| Cash at bank and in hand54/58 | €3k | - | €595 | €3k | €5k | ▲ 66.9% |
| Deferred charges and accrued income490/1 | €157 | €902 | €902 | €3k | €3k | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75k | €87k | €98k | €97k | €83k | ▼ 14.4% |
| Equity10/15 | €47k | €42k | €42k | €42k | €42k | ▲ 0.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €41k | €36k | €36k | €36k | €36k | ▲ 0.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €39k | €34k | €34k | €34k | €34k | ▲ 0.2% |
| Amounts payable17/49 | €28k | €45k | €55k | €55k | €41k | ▼ 25.4% |
| Amounts payable after more than one year17 | €7k | €2k | €27k | €23k | €19k | ▼ 15.6% |
| Financial debts170/4 | €7k | €2k | €27k | €23k | €19k | ▼ 15.6% |
| Amounts payable within one year42/48 | €21k | €43k | €28k | €32k | €21k | ▼ 32.6% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €4k | €4k | €4k | ▲ 2.5% |
| Financial debts43 | €2k | €11k | €2k | €2k | €2k | ▲ 2.2% |
| Credit institutions430/8 | €2k | €11k | €2k | €2k | €2k | ▲ 2.2% |
| Trade debts44 | €3k | €14k | €9k | €15k | €13k | ▼ 14.1% |
| Suppliers440/4 | €3k | €14k | €9k | €15k | €13k | ▼ 14.1% |
| Taxes, remuneration and social security45 | €10k | €10k | €12k | €11k | €3k | ▼ 75.5% |
| Taxes450/3 | €10k | €10k | €12k | €11k | €3k | ▼ 75.5% |
| Remuneration and social security454/9 | €570 | - | - | - | - | - |
| Other amounts payable47/48 | - | €3k | €622 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €658 | €658 | €506 | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €-5k | €73 | €-333 | €57 | ▲ 117% |
| + Depreciation and write-downs630 | €3k | €2k | €3k | €2k | €3k | ▲ 34.2% |
| Operating cash flow (approximation) | €25k | €-2k | €3k | €2k | €3k | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €-5k | €-3k | ▲ 47.4% |
| Change in cash | - | - | - | €3k | €2k | ▼ 17.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €57
Net result €57 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €73
Net result €73 after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲286%
Operating result €24k, net result €22k, both a record.
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 130 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
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.
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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, Nijlen · 2 establishment units since 2013
Ground area
540 m²
Building footprint
275 m²
Volume, LiDAR
1,657 m³
2 parcels, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
CWD
since 20132.215.605.407
Cathérine Interior Concept Store
since 20192.288.659.372
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0807/00G002 | Flanders | 472 m² | 1 · 204 m² | 8.8 m · 1 fl. |
| 11804D1866/00C000 | Flanders | 68 m² | 1 · 71 m² | 16.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 endedSchilder (so)
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,663. 2,288 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
Founded12-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
Contact
E-mail
info@catherinewillemsdecoration.beNijlen
Phone
0495/692550Nijlen
Scores and ratios are computed by Checked and are not a credit decision.