IGWT
Annual accounts 2025
abbreviated format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €230,000.
Balance sheet
balance sheet total €2.7m on 31-12-2025in euro
in €m
Position in the sector
12.2%
Higher than 24% of 2,829 companies in 2025.
2.09
Higher than 64% of 2,718 companies in 2025.
1.7%
Higher than 40% of 2,776 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.7m | 1.2m | |
21/28 |
2.0m | 1.1m | |
22/27 |
2.0m | 1.1m | |
22 |
368,535 | 368,535 | |
23 |
3,968 | 4,492 | |
27 |
1.7m | 701,481 | |
29/58 |
651,498 | 115,192 | |
40/41 |
50,377 | 52,117 | |
40 |
42,350 | 30,250 | |
41 |
8,027 | 21,867 | |
54/58 |
599,239 | 58,813 | |
490/1 |
1,882 | 4,261 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.7m | 1.2m | |
10/15 |
329,238 | 283,462 | |
10/11 |
1,000 | 1,000 | |
13 |
328,238 | 282,462 | |
133 |
328,238 | 282,462 | |
17/49 |
2.4m | 906,238 | |
17 |
2.1m | 658,944 | |
170/4 |
2.1m | 658,944 | |
42/48 |
312,039 | 247,293 | |
42 |
75,837 | 10,878 | |
43 |
18,609 | 8,132 | |
430/8 |
18,609 | 8,132 | |
44 |
36,042 | 1,975 | |
440/4 |
36,042 | 1,975 | |
45 |
8,177 | 5,205 | |
450/3 |
8,177 | 5,205 | |
47/48 |
173,373 | 221,103 | |
492/3 |
- | 0 | |
| Income statement | |||
9900 |
112,446 | 201,945 | |
630 |
3,306 | 1,829 | |
640/8 |
2,219 | 2,156 | |
9901 |
106,921 | 197,959 | |
75/76B |
46 | 45 | |
75 |
46 | 45 | |
65/66B |
48,707 | 19,843 | |
65 |
48,707 | 19,843 | |
9903 |
58,260 | 178,161 | |
67/77 |
12,484 | 40,205 | |
9904 |
45,776 | 137,956 | |
9905 |
45,776 | 137,956 | |
| Appropriation of the result | |||
9906 |
45,776 | 137,956 | |
691/2 |
45,776 | 137,956 | |
6921 |
45,776 | 137,956 | |
| Document | |||
The notes to these accounts have 17 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 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2025, 1 entry, €7,500 awarded, €7,500 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 110,227 | 199,788 | ||
| 49,081 | 139,785 | ||
| 971,848 | 597,765 | ||
| 540,426 | - | ||
| 339,459 | -132,102 | ||
| 12.2% | 23.8% | ||
| 2.09 | 0.47 | ||
| 7.18 | 3.20 | ||
| 13.9% | 48.7% | ||
| 1.7% | 11.6% | ||
| 2.26 | 10.07 |
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 | 2025 | 2024 |
|---|---|---|
| Debts secured on the company's own assets | €2.1m | - |
| Mortgages, amount registered | €27,500 | €27,500 |
| €2.3m | €2.3m | |
| Carrying value of the mortgaged assets | €1.7m | €701,481 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €971,848 | €597,765 |
| €3,306 | €1,829 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on IGWT
The operating result for 2025 is 46% lower than in 2024.
Debt's share of the balance-sheet total rises from 76.2% to 87.8%. Equity and debt are higher.