P.W. FINANCES
ActiveP.W. FINANCES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305k and a net result of €51k. Equity is growing by ~15.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+4
Solvency84▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 1.94 in 2024; short-term debt: 14.3% and cash: 0.7% of total assets), and 41.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
58.7%
Return on assets
9.8%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
29 d late
2022
60 d late
2021
22 d late
2020
198 d late
2019
116 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€305k▲ 20.1%
2024 · €254k
2018: €115k
2019: €119k
2020: €143k
2021: €232k
2022: €247k
2023: €213k
2024: €254k
2018 → 2025
Total assets
€519k▲ 6.2%
2024 · €488k
2018: €661k
2019: €612k
2020: €586k
2021: €590k
2022: €574k
2023: €483k
2024: €488k
2018 → 2025
Net result
€51k▲ 25.9%
2024 · €40k
2018: €5k
2019: €4k
2020: €24k
2021: €88k
2022: €40k
2023: €17k
2024: €40k
2018 → 2025
Working capital
€98k▲ 42.4%
2024 · €69k
2018: €29k
2019: €42k
2020: €95k
2021: €107k
2022: €65k
2023: €48k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€247k▲ 6.5%€213k▼ 13.5%€254k▲ 19.0%€305k▲ 20.1%
Operating result€124k-€67k▼ 45.7%€28k▼ 59.0%€61k▲ 122%€78k▲ 27.4%
Net result€88k-€40k▼ 54.8%€17k▼ 58.5%€40k▲ 144%€51k▲ 25.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519k
Fixed assets
€346k=
Current assets
€173k▲ 21.3%
Equity and liabilities €519k
Equity
€305k▲ 20.1%
Debt
€214k▼ 8.8%
The debt ratio falls from 48.0% to 41.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
58.7%▲
2024 · 52.0%
Current ratio
2.32▲
2024 · 1.94
Quick ratio
2.32▲
2024 · 1.94
Debt / equity
0.70▼
2024 · 0.92
ROE
16.7%▲
2024 · 15.9%
ROA
9.8%▲
2024 · 8.3%
Debt
€214k▼
2024 · €235k
Debt ≤ 1 year
€74k▲
2024 · €73k
Debt > 1 year
€140k▼
2024 · €161k
Income taxes
€24k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€488k€519k▲
Fixed assets21/28€346k€346k=
Financial fixed assets28€346k€346k=
Current assets29/58€142k€173k▲
Amounts receivable after more than one year29€104k€104k=
Other amounts receivable291€104k€104k=
Amounts receivable within one year40/41€37k€64k▲
Trade receivables40€29k€28k▼
Other amounts receivable41€8k€36k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€111€638▲
Equity and liabilities
Total equity and liabilities10/49€488k€519k▲
Equity10/15€254k€305k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€234k€284k▲
Distributable reserves133€234k€284k▲
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€235k€214k▼
Amounts payable after more than one year17€161k€140k▼
Financial debts170/4€161k€140k▼
Amounts payable within one year42/48€73k€74k▲
Current portion of amounts payable after more than one year42€53k€53k▲
Financial debts43€5k-
Credit institutions430/8€5k-
Taxes, remuneration and social security45€16k€21k▲
Taxes450/3€16k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€8k-
Other operating charges640/8€1k€2k▲
Gross operating margin9900€70k€80k▲
Operating profit (loss)9901€61k€78k▲
Financial income75/76B€362€44▼
Recurring financial income75€362€44▼
Non-recurring financial income76B€362€44▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€58k€75k▲
Income taxes67/77€17k€24k▲
Profit (loss) for the period9904€40k€51k▲
Profit (loss) for the period to be appropriated9905€40k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€52k▲
Profit (loss) brought forward from the previous period14P€3k€1k▼
Transfer to equity691/2€42k€50k▲
To other reserves6921€42k€50k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 198 days late
2021
31-12
Financial
Highest result since 2018net €88k ▲262%
Operating result €124k, net result €88k, both a record.
31-12
Financial
Equity above €200kEq €232k ▲61.6%
4 profitable years in a row build equity to €232k.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼20.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 275 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Charleroi · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Châtelet 1836010 CharleroiGround area
286 m²
Building footprint
62 m²
Volume, LiDAR
617 m³
Parcel 52014A0088/00G010, Wallonia · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PW FINANCES
since 19942.051.744.493
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52014A0088/00G010 | Wallonia | 286 m² | 1 · 62 m² | 20.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1991
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:philippe.watelet@portima.be
Phone:071228684
Fax:071402444