CWIN
Annual accounts 2026
micro format, filed on 06-07-2026, 117 days 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 ≈ €150,000. Estimated: probably between €110,000 and €180,000.
Balance sheet
balance sheet total €736,855 on 31-03-2026in euro
in euro
Position in the sector
51.4%
Higher than 39% of 39,368 companies in 2025.
1.62
Higher than 35% of 38,051 companies in 2025.
3.2%
Higher than 31% of 38,523 companies in 2025.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
736,855 | 834,385 | 876,990 | 948,137 | 940,830 | 1.0m | 497,318 | 753,440 | 749,745 | 700,725 | 790,724 | 339,886 | 291,970 | 376,390 | |
21/28 |
622,878 | 639,807 | 620,148 | 633,117 | 729,903 | 741,764 | 265,230 | 673,822 | 666,628 | 674,445 | 688,976 | 227,719 | 203,919 | 151,097 | |
22/27 |
622,878 | 639,807 | 620,148 | 632,917 | 654,703 | 666,564 | 190,030 | 673,822 | 666,628 | 674,445 | 688,976 | 220,744 | 198,339 | 143,597 | |
22 |
581,783 | 594,658 | 607,534 | 610,417 | 622,318 | 631,676 | 150,949 | 671,679 | 664,454 | 658,575 | 659,409 | 173,156 | 177,597 | 112,671 | |
23 |
- | - | - | - | - | 0 | 295 | 590 | - | 354 | 708 | 528 | 1,329 | 817 | |
24 |
2,110 | 3,249 | 12,614 | 22,499 | 32,385 | 34,889 | 38,787 | 1,553 | 2,174 | 15,517 | 28,859 | 47,060 | 19,413 | 30,109 | |
26 |
38,985 | 41,900 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | 0 | 200 | 75,200 | 75,200 | 75,200 | - | - | - | - | 6,975 | 5,580 | 7,500 | |
29/58 |
113,977 | 194,578 | 256,843 | 315,021 | 210,927 | 294,279 | 232,088 | 79,617 | 83,117 | 26,280 | 101,748 | 112,167 | 88,051 | 225,292 | |
29 |
- | 0 | 50,000 | 140,000 | 50,000 | 53,309 | 53,309 | - | - | - | - | - | - | - | |
291 |
- | 0 | 50,000 | 140,000 | 50,000 | 53,309 | 53,309 | - | - | - | - | - | - | - | |
40/41 |
26,775 | 24,046 | 25,000 | 38,000 | 53,149 | 142,439 | 63,000 | 17,291 | 16,843 | 648 | - | 13,210 | 20,856 | 113,409 | |
40 |
15,163 | 16,500 | 25,000 | 15,500 | 50,000 | 140,420 | 63,000 | - | 1,417 | - | - | - | 6,531 | 113,274 | |
41 |
11,612 | 7,546 | 0 | 22,500 | 3,149 | 2,019 | 0 | 17,291 | 15,426 | 648 | - | 13,210 | 14,324 | 135 | |
50/53 |
65,000 | 100,000 | 150,000 | 65,000 | 40,000 | 30,000 | - | - | - | - | - | 98,957 | - | - | |
54/58 |
19,404 | 67,673 | 28,338 | 69,067 | 66,685 | 66,951 | 114,477 | 61,556 | 66,275 | 24,294 | 100,723 | - | 66,836 | 111,883 | |
490/1 |
2,798 | 2,859 | 3,505 | 2,954 | 1,093 | 1,580 | 1,301 | 770 | - | 1,338 | 1,025 | - | 359 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
736,855 | 834,385 | 876,990 | 948,137 | 940,830 | 1.0m | 497,318 | 753,440 | 749,745 | 700,725 | 790,724 | 339,886 | 291,970 | 376,390 | |
10/15 |
378,591 | 355,332 | 387,121 | 402,596 | 396,170 | 345,872 | 339,911 | 269,032 | 198,858 | 118,466 | 100,374 | 167,044 | 103,629 | 69,914 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 0 | 12,400 | 12,400 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 0 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | 6,200 | 6,200 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | 12,400 | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 12,400 | - | - | - | - | - | - | - | |
13 |
366,191 | 342,932 | 374,721 | 390,196 | 383,770 | 333,472 | 327,511 | 256,632 | 186,458 | 112,266 | 94,174 | 160,844 | 91,860 | 61,860 | |
130 |
- | - | - | - | - | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
366,191 | 342,932 | 374,721 | 390,196 | 383,770 | 333,472 | 327,511 | 254,772 | 184,598 | 110,406 | 92,314 | 158,984 | 90,000 | 60,000 | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | 5,569 | 1,854 | |
17/49 |
358,263 | 479,053 | 489,869 | 545,542 | 544,661 | 690,171 | 157,407 | 484,407 | 550,888 | 582,259 | 690,350 | 172,842 | 188,341 | 306,476 | |
17 |
287,788 | 333,116 | 342,417 | 391,102 | 444,804 | 498,362 | 78,778 | 429,135 | 445,717 | 463,561 | 291,364 | 102,373 | 138,887 | 136,658 | |
170/4 |
287,788 | 333,116 | 342,417 | 391,102 | 444,804 | 498,362 | 78,778 | 429,135 | 445,717 | 463,561 | 291,364 | 102,373 | 138,887 | 136,658 | |
42/48 |
70,475 | 145,937 | 147,452 | 154,439 | 99,856 | 191,421 | 77,699 | 53,788 | 102,633 | 115,268 | 397,080 | 70,469 | 47,227 | 167,386 | |
42 |
45,328 | 46,301 | 48,685 | 53,702 | 53,558 | 53,415 | 20,274 | 18,078 | 19,320 | 27,803 | 27,391 | 23,419 | 14,256 | 8,698 | |
43 |
6,050 | 8,140 | 4,075 | 4,040 | 4,035 | 4,035 | 4,031 | 4,030 | 4,024 | - | 200,000 | - | - | - | |
430/8 |
6,050 | 8,140 | 4,075 | 4,040 | 4,035 | 4,035 | 4,031 | 4,030 | 4,024 | - | 200,000 | - | - | - | |
44 |
3,519 | 2,955 | 1,843 | 2,641 | 1,336 | 315 | 263 | 372 | 52 | 1,442 | 37,749 | - | 4,822 | 105,471 | |
440/4 |
3,519 | 2,955 | 1,843 | 2,641 | 1,336 | 315 | 263 | 372 | 52 | 1,442 | 37,749 | - | 4,822 | 105,471 | |
45 |
4,684 | 8,472 | 10,867 | 12,107 | 17,874 | 37,028 | 28,041 | 7,992 | 39,741 | 18,102 | 54,676 | 42,288 | 27,344 | 52,413 | |
450/3 |
4,684 | 6,543 | 7,999 | 12,107 | 17,874 | 37,028 | 26,875 | 5,703 | 39,741 | 18,102 | 52,676 | 40,288 | 27,344 | 50,897 | |
454/9 |
0 | 1,929 | 2,868 | - | - | 0 | 1,166 | 2,290 | - | - | 2,000 | 2,000 | - | 1,516 | |
47/48 |
10,895 | 80,069 | 81,982 | 81,950 | 23,054 | 96,628 | 25,089 | 23,316 | 39,496 | 67,920 | 77,264 | 4,762 | 805 | 805 | |
492/3 |
- | - | - | - | 0 | 388 | 931 | 1,484 | 2,538 | 3,430 | 1,906 | - | 2,227 | 2,432 | |
| Income statement | |||||||||||||||
9900 |
70,928 | 94,163 | 113,070 | 145,014 | 134,675 | 205,845 | 182,049 | 162,689 | 180,719 | 96,435 | 173,740 | 131,459 | 90,969 | 152,926 | |
630 |
18,291 | 22,333 | 22,512 | 21,787 | 21,732 | 67,521 | 5,503 | 41,346 | 33,155 | 29,279 | 68,568 | 28,480 | 27,241 | 42,690 | |
640/8 |
6,155 | 6,215 | 4,764 | 5,921 | 5,656 | 15,113 | 7,651 | 4,816 | 5,459 | 16,319 | 3,893 | 1,934 | 6,749 | 8,447 | |
66A |
- | - | - | - | - | 0 | 60,114 | - | 3,671 | - | 15,247 | - | - | - | |
9901 |
46,483 | 65,615 | 85,794 | 117,307 | 107,286 | 123,211 | 108,780 | 116,527 | 138,433 | 50,838 | 101,279 | 101,045 | 56,979 | 101,789 | |
75/76B |
82 | 696 | 2,184 | 40,454 | 1,093 | 1,581 | 1,817 | 807 | 25 | 134 | 1,261 | 666 | 2,301 | 503 | |
75 |
82 | 696 | 2,184 | 40,454 | 1,093 | 1,581 | 1,817 | 807 | 25 | 134 | 1,261 | 666 | 2,301 | 503 | |
65/66B |
9,903 | 10,464 | 6,511 | 7,146 | 7,616 | 7,921 | 5,924 | 13,694 | 13,607 | 16,247 | 9,139 | 4,668 | 7,089 | 1,569 | |
65 |
9,903 | 10,464 | 6,511 | 7,146 | 7,616 | 7,921 | 5,924 | 13,694 | 13,607 | 16,247 | 9,139 | 4,668 | 7,089 | 1,569 | |
9903 |
36,662 | 55,847 | 81,467 | 150,614 | 100,763 | 116,870 | 104,674 | 103,640 | 124,851 | 34,725 | 78,154 | 97,043 | 52,191 | 100,723 | |
67/77 |
13,402 | 16,757 | 26,767 | 69,996 | 29,874 | 18,595 | 33,795 | 33,465 | 50,659 | 16,633 | 43,814 | 33,628 | 17,670 | 36,204 | |
9904 |
23,259 | 39,090 | 54,700 | 80,618 | 70,889 | 98,275 | 70,879 | 70,175 | 74,192 | 18,092 | 34,341 | 63,415 | 34,521 | 64,519 | |
9905 |
23,259 | 39,090 | 54,700 | 80,618 | 70,889 | 98,275 | 70,879 | 70,175 | 74,192 | 18,092 | 34,341 | 63,415 | 34,521 | 64,519 | |
| Appropriation of the result | |||||||||||||||
9906 |
23,259 | 39,090 | 54,700 | 80,618 | 70,889 | 98,275 | 70,879 | 70,175 | 74,192 | 18,092 | 34,341 | 68,984 | 36,374 | 64,519 | |
791/2 |
0 | 70,879 | 70,175 | 74,192 | 18,092 | 92,314 | - | - | - | - | 101,011 | - | - | - | |
691/2 |
23,259 | 39,090 | 54,700 | 80,618 | 68,389 | 98,275 | 70,879 | 70,175 | 74,192 | 18,092 | 34,341 | 68,984 | 30,000 | 61,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
23,259 | 39,090 | 54,700 | 80,618 | 68,389 | 98,275 | 70,879 | 70,175 | 74,192 | 18,092 | 34,341 | 68,984 | 30,000 | 60,000 | |
694/7 |
0 | 70,879 | 70,175 | 74,192 | 20,592 | 92,314 | - | - | - | - | 101,011 | - | 805 | 805 | |
694 |
0 | 70,879 | 70,175 | 74,192 | 18,092 | 92,314 | - | - | - | - | 101,011 | - | 805 | 805 | |
695 |
- | - | - | 0 | 2,500 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 12 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 2026 at the NBB, filed on 06-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 06-07-2026 | 2026-00266296 | |
| 31-03-2025 | micro format | 30-06-2025 | 2025-00197226 | |
| 31-03-2024 | micro format | 17-07-2024 | 2024-00255040 | |
| 31-03-2023 | micro format | 25-07-2023 | 2023-00270383 | |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20475496 | |
| 31-03-2021 | micro format | 26-10-2021 | 2021-73400137 | |
| 31-03-2020 | micro format | 10-07-2020 | 2020-29000092 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72700409 | |
| 31-03-2018 | micro format | 12-10-2018 | 2018-69300581 | |
| 31-03-2017 | micro format | 29-06-2017 | 2017-24900558 | |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-66600430 | |
| 31-03-2015 | abbreviated format | 15-07-2015 | 2015-30300021 | |
| 31-03-2014 | abbreviated format | 28-11-2014 | 2014-68000406 | |
| 31-03-2013 | abbreviated format | 30-10-2013 | 2013-65000138 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64,774 | 87,948 | 108,306 | 139,093 | 129,018 | 190,732 | 114,283 | 157,873 | 171,588 | 80,116 | 169,847 | 129,525 | 84,220 | 144,478 | ||
| 41,551 | 61,423 | 77,212 | 102,405 | 92,621 | 165,796 | 76,382 | 111,521 | 107,347 | 47,370 | 102,908 | 91,895 | 61,761 | 107,208 | ||
| 1,362 | 41,992 | 9,743 | -75,000 | 9,871 | 544,055 | 118,827 | 50,603 | 38,059 | 14,748 | 541,658 | 52,280 | 87,563 | 193,787 | ||
| -48,269 | 39,335 | -40,729 | 2,382 | -266 | -47,526 | 52,921 | -4,718 | 41,981 | -76,429 | - | - | -45,047 | - | ||
| 43,501 | 48,641 | 109,391 | 160,582 | 111,071 | 102,858 | 154,389 | 25,829 | -19,515 | -88,988 | -295,332 | 41,698 | 40,824 | 57,906 | ||
| 51.4% | 42.6% | 44.1% | 42.5% | 42.1% | 33.4% | 68.3% | 35.7% | 26.5% | 16.9% | 12.7% | 49.1% | 35.5% | 18.6% | ||
| 1.62 | 1.33 | 1.74 | 2.04 | 2.11 | 1.54 | 2.99 | 1.48 | 0.81 | 0.23 | 0.26 | 1.59 | 1.86 | 1.35 | ||
| 0.95 | 1.35 | 1.27 | 1.36 | 1.37 | 2.00 | 0.46 | 1.80 | 2.77 | 4.91 | 6.88 | 1.03 | 1.82 | 4.38 | ||
| 6.1% | 11.0% | 14.1% | 20.0% | 17.9% | 28.4% | 20.9% | 26.1% | 37.3% | 15.3% | 34.2% | 38.0% | 33.3% | 92.3% | ||
| 3.2% | 4.7% | 6.2% | 8.5% | 7.5% | 9.5% | 14.3% | 9.3% | 9.9% | 2.6% | 4.3% | 18.7% | 11.8% | 17.1% | ||
| 6.54 | 8.40 | 16.63 | 19.46 | 16.94 | - | - | - | - | - | - | - | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| €470,000 | €470,000 | €470,000 | €470,000 | €470,000 | |
| Carrying value of the mortgaged assets | €205,483 | €213,917 | €216,194 | €220,793 | €228,253 |
| Pledge on other assets, amount secured | €37,000 | €37,000 | - | - | - |
| Carrying value of the other pledged assets | €37,000 | €37,000 | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,362 | €41,992 | €9,743 | - | €9,871 |
| €18,291 | €22,333 | €22,512 | €21,787 | €21,732 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on CWIN
The operating result for 2026 is 29% lower than in 2025 and the lowest since 2013. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 57.4% to 48.6%. Equity is higher and debt is lower.