CWSI
ActiveSummary
CWSI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.34M and a net result of €280k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-2
Solvency89▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 6.59 against 11.39 in 2023; short-term debt: 8.7% and cash: 35.8% of total assets), and 35.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2024Solvency, return and age of the figures
Solvency
64.1%
Return on assets
13.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
36 d early
2022
26 d early
2021
20 d early
2020
36 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.34M▲ 15.0%
2023 · €1.16M
Total assets
€2.09M▲ 12.1%
2023 · €1.86M
Net result
€280k▼ 1.0%
2023 · €283k
Working capital
€1.01M▲ 6.8%
2023 · €950k
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
Line20202021202220232024
Operating result€273k▲ 65.2%€154k▼ 43.4%€242k▲ 57.0%€430k▲ 77.5%€406k▼ 5.6%
Net result€190k▲ 75.8%€105k▼ 44.8%€158k▲ 50.8%€283k▲ 79.0%€280k▼ 1.0%
Equity€724k▲ 35.6%€829k▲ 14.5%€987k▲ 19.1%€1.16M▲ 18.0%€1.34M▲ 15.0%
Total assets€771k▲ 30.6%€866k▲ 12.3%€1.26M▲ 45.7%€1.86M▲ 47.7%€2.09M▲ 12.1%
Debt€46k▼ 17.0%€37k▼ 21.2%€274k▲ 649%€698k▲ 155%€750k▲ 7.4%
Working capital€686k▲ 38.7%€791k▲ 15.4%€755k▼ 4.6%€950k▲ 25.8%€1.01M▲ 6.8%
Staff (FTE)1=1=
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 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.09M
Fixed assets
€893k ▲ 8.7%
Current assets
€1.20M ▲ 14.9%
Equity and liabilities €2.09M
Equity
€1.34M ▲ 15.0%
Debt
€750k ▲ 7.4%
Debt's share of the balance-sheet total falls from 37.5% to 35.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€436k▼
2023 · €455k
Cash flow
€311k▲
2023 · €308k
Current ratio
6.59▼
2023 · 11.39
Debt to equity
0.56▼
2023 · 0.60
ROE
20.9%▼
2023 · 24.3%
ROA
13.4%▼
2023 · 15.2%
Interest coverage
38.73▲
2023 · 29.67
Debt ≤ 1 year
€182k▲
2023 · €91k
Debt > 1 year
€568k▼
2023 · €607k
Income taxes
€131k▼
2023 · €133k
Staff costs
€52k▼
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €4k | €10k | ▲ 168% |
| Remuneration, social security and pensions62 | - | €45k | €47k | €58k | €52k | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €36k | €25k | €30k | ▲ 21.8% |
| Other operating charges640/8 | - | €3k | €2k | €3k | €2k | ▼ 23.0% |
| Non-recurring operating charges66A | - | - | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €331k | €214k | €328k | €520k | €491k | ▼ 5.7% |
| Operating profit (loss)9901 | €273k | €154k | €242k | €430k | €406k | ▼ 5.6% |
| Financial income75/76B | - | €528 | €0 | €1k | €17k | ▲ 1,475% |
| Recurring financial income75 | €540 | €528 | €0 | €1k | €17k | ▲ 1,475% |
| Financial charges65/66B | - | €885 | €9k | €15k | €11k | ▼ 26.6% |
| Recurring financial charges65 | €1k | €885 | €9k | €15k | €11k | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €272k | €154k | €233k | €416k | €412k | ▼ 1.0% |
| Income taxes67/77 | €82k | €49k | €75k | €133k | €131k | ▼ 0.9% |
| Profit (loss) for the period9904 | €190k | €105k | €158k | €283k | €280k | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €190k | €105k | €158k | €283k | €280k | ▼ 1.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €771k | €866k | €1.26M | €1.86M | €2.09M | ▲ 12.1% |
| Fixed assets21/28 | €48k | €40k | €443k | €822k | €893k | ▲ 8.7% |
| Tangible fixed assets22/27 | €30k | €23k | €425k | €804k | €875k | ▲ 8.9% |
| Land and buildings22 | - | - | €402k | €781k | €839k | ▲ 7.4% |
| Plant, machinery and equipment23 | - | €4k | €7k | €8k | €4k | ▼ 46.8% |
| Furniture and vehicles24 | - | €12k | €4k | €5k | €24k | ▲ 387% |
| Other tangible fixed assets26 | - | €7k | €12k | €10k | €8k | ▼ 23.7% |
| Financial fixed assets28 | €18k | €18k | €18k | €18k | €18k | = |
| Current assets29/58 | €723k | €825k | €819k | €1.04M | €1.20M | ▲ 14.9% |
| Amounts receivable within one year40/41 | €26k | €46k | €31k | €60k | €59k | ▼ 2.7% |
| Trade receivables40 | - | €45k | €31k | €53k | €46k | ▼ 13.1% |
| Other amounts receivable41 | - | €996 | €0 | €7k | €13k | ▲ 71.8% |
| Current investments50/53 | - | - | - | €450k | €357k | ▼ 20.6% |
| Cash at bank and in hand54/58 | €686k | €769k | €778k | €520k | €748k | ▲ 43.7% |
| Deferred charges and accrued income490/1 | - | €11k | €10k | €11k | €33k | ▲ 199% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €771k | €866k | €1.26M | €1.86M | €2.09M | ▲ 12.1% |
| Equity10/15 | €724k | €829k | €987k | €1.16M | €1.34M | ▲ 15.0% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | €512k | €617k | €775k | €950k | €1.12M | ▲ 18.4% |
| Non-distributable reserves130/1 | - | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €0 | - | - |
| Distributable reserves133 | - | €614k | €772k | €950k | €1.12M | ▲ 18.4% |
| Profit (loss) carried forward14 | €182k | €182k | €182k | €185k | €185k | = |
| Amounts payable17/49 | €46k | €37k | €274k | €698k | €750k | ▲ 7.4% |
| Amounts payable after more than one year17 | €10k | €2k | €210k | €607k | €568k | ▼ 6.4% |
| Financial debts170/4 | - | €2k | €210k | €607k | €568k | ▼ 6.4% |
| Amounts payable within one year42/48 | €37k | €34k | €64k | €91k | €182k | ▲ 98.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €2k | €38k | €39k | ▲ 1.7% |
| Financial debts43 | - | - | - | €418 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €418 | €0 | ▼ 100% |
| Trade debts44 | €3k | €3k | €4k | €10k | €35k | ▲ 240% |
| Suppliers440/4 | - | €3k | €4k | €10k | €35k | ▲ 240% |
| Taxes, remuneration and social security45 | - | €7k | €20k | €16k | €75k | ▲ 381% |
| Taxes450/3 | - | €4k | €17k | €5k | €64k | ▲ 1,134% |
| Remuneration and social security454/9 | - | €3k | €3k | €10k | €11k | ▲ 2.2% |
| Other amounts payable47/48 | - | €17k | €37k | €27k | €33k | ▲ 23.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190k | €105k | €158k | €283k | €280k | ▼ 1.0% |
| + Depreciation and write-downs630 | €12k | €12k | €36k | €25k | €30k | ▲ 21.8% |
| Operating cash flow (approximation) | €202k | €117k | €194k | €308k | €311k | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-438k | €-404k | €-102k | ▲ 74.8% |
| Change in cash | - | €83k | €9k | €-258k | €228k | ▲ 188% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €283k ▲79%
Operating result €430k, net result €283k, both a record.
31-12
Financial
Equity above €1MEq €1.16M ▲18%
6 profitable years in a row build equity to €1.16M.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €105k ▼44.8%
Net result drops to €105k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €534k ▲25.4%
2 profitable years in a row build equity to €534k.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schilde · 1 establishment unit since 2011
Ground area
1,225 m²
Building footprint
150 m²
Volume, LiDAR
900 m³
Parcel 11041B0348/00A000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fazantenlaan 4, 2970 Schilde
since 20112.198.103.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0348/00A000 | Flanders | 1,225 m² | 1 · 150 m² | 8.2 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 24,644 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
Founded22-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.