Equity
€1.5m ▲ 12.0%
CWSI has made a profit without a break since 2014.
CWSI
Lifetime
15 annual accounts with figures on one time axispeak €520,336 (2023)
€485,301▼ 1.1%
lowest -€7,305 (2013)
€268,686▼ 4.1%
peak €1.5m (2025)
€1.5m▲ 12.0%
€840,524▲ 12.1%
peak 1 FTE (2019)
-not published
Board1 name since 2013
1 directorDirckx Jeroen
Owners
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Dividend €108,057Cash from €747,670 to €364,935
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
The last five annual accounts were filed 20 to 36 days before the end of the period.
Position in the sector
€268,686
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
97
Excellent
Financially stronger than 74% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €2.3m
Figures for financial year 2025 (filed on 26-06-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Equity €1.5m (64.1% of total assets)
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 70, small). It does better than 61% of them on solvency, 87% on liquidity, 83% on profitability and 66% 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as CWSI has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of CWSI itself: < 0.1% within 12 months.
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 34,693 companies, not a prediction for CWSI. 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 €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.73 (6.59 in 2024), above the usual 1.5. Short-term debt is 13.3% and cash 15.6% of total assets. 35.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
24 days early
2023
36 days early
2022
26 days early
2021
20 days early
2020
36 days early
2019
8 days 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 26 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834960657
Company renamed from ClearWater Strategy & Investments to CWSI
Permanent representative: Jeroen DIRCKX · “De niet gespecialiseerde handelsbemiddeling; De groothandel,import en export in een verscheidenheid van…” (deed in Dutch) · General meeting of 29-08-2023 · Gazette deed
Incorporation
published on 11-04-2011 · Gazette deed
First establishment
Fazantenlaan 4, Schilde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CWSI Schilde | €2.3m | €485,301 | 64.1% | - |
| ALL SUPPORT SERVICES Willebroek | €2.5m | €447,846 | 23.1% | 0 |
| XPS Antwerp | €2.5m | €440,734 | 96.9% | - |
| KAMELEON Mortsel | €2.5m | €543,704 | 72.9% | 1 |
| AXELERO Zoersel | €2.3m | €535,803 | 55.7% | - |
| DELIPACK Sint-Katelijne-Waver | €1.9m | €497,371 | 66.6% | - |
| PENSION ADMINISTRATORS Zoersel | €2.0m | €430,975 | 41.7% | - |
These companies have the same main activity as CWSI: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.9m and €2.5m, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 22-03-2011Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.198.103.0432970 Schilde, since 22-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 18-04-2025
Annual accounts 2025
- ≈ €690,000estimated
- €2.3m▲ 12.0%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on CWSI
CWSI files the micro format. That format states no turnover. The gross margin rose from -€2,067 in 2011 to €485,301 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
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 CWSI
- What is the company number of CWSI?
- The company number of CWSI is 0834.960.657. The VAT number is the same number with BE in front: BE 0834.960.657.
- Where is CWSI based?
- The registered office is at Fazantenlaan 4, 2970 Schilde.Company details
- What does CWSI do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CWSI?
- CWSI is a private limited company (BV).
- When was CWSI founded?
- CWSI was founded on 22-03-2011.
- Is CWSI still active?
- Yes, CWSI is an active enterprise in the KBO register.
- How many employees does CWSI have?
- CWSI had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CWSI?
- The turnover in financial year 2025 is ≈ €690,000. This figure is estimated from the gross margin of €485,301 and 95 comparable companies (NACE 70200). It probably lies between €580,000 and €1.2m.
- Is CWSI profitable?
- In financial year 2025, CWSI made a profit of €268,686.
- Where can I find the annual accounts of CWSI?
- CWSI filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CWSI due?
- CWSI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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