RWIN
ActiveSummary
RWIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€55,621) and a net result of -€28,516. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9,723 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
-€55,621▼ 105%
2024 · -€27,105
Net result
-€28,516▼ 813%
2024 · -€3,122
Total assets
€165,078▼ 21.5%
2024 · €210,301
Solvency
-33.7%▼ 20.8pp
2024 · -12.9%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €25,998 after €1,173 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€25,998
2025
Net result-€28,516
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€165,078
2025
Equity-€55,621
2025
Debt€220,698
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€31,169
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-17.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-33.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.00
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,741-€8,025▲ 3.7%€24,925▲ 211%€20,673▼ 17.1%€39,440▲ 90.8%-€49,720€1,173-€25,998
Net result€271-€1,179▲ 334%€12,189within the sector's middle half▲ 934%€10,930within the sector's middle half▼ 10.3%€26,239within the sector's middle half▲ 140%-€55,801below the sector's middle half-€3,122below the sector's middle half▲ 94.4%-€28,516below the sector's middle half▼ 813%
Equity-€18,719--€17,540▲ 6.3%-€5,351below the sector's middle half▲ 69.5%€5,579below the sector's middle half€31,819below the sector's middle half▲ 470%-€23,983below the sector's middle half-€27,105below the sector's middle half▼ 13.0%-€55,621below the sector's middle half▼ 105%
Total assets€224,002-€214,769▼ 4.1%€453,110below the sector's middle half▲ 111%€442,258within the sector's middle half▼ 2.4%€437,160within the sector's middle half▼ 1.2%€301,814within the sector's middle half▼ 31.0%€210,301within the sector's middle half▼ 30.3%€165,078within the sector's middle half▼ 21.5%
Debt€242,721-€232,309▼ 4.3%€458,461▲ 97.3%€436,678▼ 4.8%€405,342▼ 7.2%€325,797▼ 19.6%€237,406▼ 27.1%€220,698▼ 7.0%
Working capital-€32,104--€32,333▼ 0.7%-€66,023within the sector's middle half▼ 104%-€75,534below the sector's middle half▼ 14.4%-€44,458below the sector's middle half▲ 41.1%€62,913within the sector's middle half€420within the sector's middle half▼ 99.3%-€31,169below the sector's middle half
Solvency-8.4%--8.2%▲ 0.2pp-1.2%below the sector's middle half▲ 7.0pp1.3%below the sector's middle half▲ 2.4pp7.3%below the sector's middle half▲ 6.0pp-7.9%below the sector's middle half▼ 15.2pp-12.9%below the sector's middle half▼ 4.9pp-33.7%below the sector's middle half▼ 20.8pp
Current ratio0.16-0.27▲ 0.110.18below the sector's middle half▼ 0.090.13below the sector's middle half▼ 0.050.11below the sector's middle half▼ 0.022.73within the sector's middle half▲ 2.621.02within the sector's middle half▼ 1.720.00below the sector's middle half▼ 1.01
Return on assets (ROA)0.1%-0.5%▲ 0.4pp2.7%within the sector's middle half▲ 2.1pp2.5%within the sector's middle half▼ 0.2pp6.0%within the sector's middle half▲ 3.5pp-18.5%below the sector's middle half▼ 24.5pp-1.5%below the sector's middle half▲ 17.0pp-17.3%below the sector's middle half▼ 15.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,078
Fixed assets
€165,000 ▼ 10.2%
Current assets
€78 ▼ 99.7%
Equity and liabilities
Equity-€55,621
Debt€220,698
Equity is negative: debt (€220,698) exceeds the balance-sheet total (€165,078).
Key figures and ratios
Debt ≤ 1 year
€31,247▲
2024 · €26,072
Debt > 1 year
€189,452▼
2024 · €211,334
Income taxes
€177▼
2024 · €245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,706 | €14,968 | €14,745 | €15,654 | €11,990 | €18,912 | €18,809 | €18,809 | = |
| Other operating charges640/8 | - | - | - | €605 | €1,047 | €60,661 | €512 | €1,081 | ▲ 111% |
| Gross operating margin9900 | €23,973 | €23,641 | €40,720 | €36,932 | €52,477 | €29,854 | €20,495 | -€6,108 | - |
| Operating profit (loss)9901 | €7,741 | €8,025 | €24,925 | €20,673 | €39,440 | -€49,720 | €1,173 | -€25,998 | - |
| Financial income75/76B | - | - | - | €2 | €40,025 | €18 | €7 | €1,067 | ▲ 152× |
| Recurring financial income75 | - | €605 | €10 | €2 | €40,025 | €18 | €7 | €1,067 | ▲ 152× |
| Financial charges65/66B | - | - | - | €5,028 | €45,353 | €4,230 | €4,058 | €3,408 | ▼ 16.0% |
| Recurring financial charges65 | €5,036 | €4,186 | €5,841 | €5,028 | €5,353 | €4,230 | €4,058 | €3,408 | ▼ 16.0% |
| Non-recurring financial charges66B | - | - | - | - | €40,000 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,705 | €4,444 | €19,094 | €15,648 | €34,112 | -€53,932 | -€2,878 | -€28,339 | ▼ 885% |
| Income taxes67/77 | €2,434 | €3,265 | €6,905 | €4,717 | €7,872 | €1,869 | €245 | €177 | ▼ 27.5% |
| Profit (loss) for the period9904 | €271 | €1,179 | €12,189 | €10,930 | €26,239 | -€55,801 | -€3,122 | -€28,516 | ▼ 813% |
| Profit (loss) for the period to be appropriated9905 | €271 | €1,179 | €12,189 | €10,930 | €26,239 | -€55,801 | -€3,122 | -€28,516 | ▼ 813% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €224,002 | €214,769 | €453,110 | €442,258 | €437,160 | €301,814 | €210,301 | €165,078 | ▼ 21.5% |
| Fixed assets21/28 | €217,872 | €202,904 | €438,543 | €430,889 | €431,531 | €202,618 | €183,809 | €165,000 | ▼ 10.2% |
| Tangible fixed assets22/27 | €217,872 | €202,904 | €188,543 | €180,889 | €221,531 | €202,618 | €183,809 | €165,000 | ▼ 10.2% |
| Land and buildings22 | - | - | - | €164,890 | €160,050 | €155,210 | €150,370 | €145,530 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €231 | €103 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €15,768 | €61,378 | €47,408 | €33,439 | €19,470 | ▼ 41.8% |
| Financial fixed assets28 | - | - | €250,000 | €250,000 | €210,000 | €0 | - | - | - |
| Current assets29/58 | €6,130 | €11,865 | €14,567 | €11,368 | €5,629 | €99,196 | €26,492 | €78 | ▼ 99.7% |
| Amounts receivable within one year40/41 | €5,465 | €10,969 | - | €1,283 | €1,283 | €86,664 | €1,131 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €1,283 | €1,283 | €86,664 | €1,131 | €0 | ▼ 100% |
| Current investments50/53 | €657 | €248 | €601 | €1,929 | €2,943 | €4,023 | €6,328 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €8 | €4 | €13,924 | €6,438 | €828 | €7,689 | €19,033 | €78 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,719 | €576 | €820 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €224,002 | €214,769 | €453,110 | €442,258 | €437,160 | €301,814 | €210,301 | €165,078 | ▼ 21.5% |
| Equity10/15 | -€18,719 | -€17,540 | -€5,351 | €5,579 | €31,819 | -€23,983 | -€27,105 | -€55,621 | ▼ 105% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | - | €25,619 | €25,619 | €25,619 | €25,619 | = |
| Distributable reserves133 | - | - | - | - | €25,619 | €25,619 | €25,619 | €25,619 | = |
| Profit (loss) carried forward14 | -€24,919 | -€23,740 | -€11,551 | -€621 | €0 | -€55,801 | -€58,923 | -€87,439 | ▼ 48.4% |
| Amounts payable17/49 | €242,721 | €232,309 | €458,461 | €436,678 | €405,342 | €325,797 | €237,406 | €220,698 | ▼ 7.0% |
| Amounts payable after more than one year17 | €204,487 | €188,111 | €377,871 | €349,776 | €355,255 | €289,514 | €211,334 | €189,452 | ▼ 10.4% |
| Financial debts170/4 | - | - | - | €250,386 | €255,865 | €226,124 | €211,334 | €189,452 | ▼ 10.4% |
| Other amounts payable178/9 | - | - | - | €99,390 | €99,390 | €63,390 | €0 | - | - |
| Amounts payable within one year42/48 | €38,234 | €44,198 | €80,590 | €86,902 | €50,087 | €36,282 | €26,072 | €31,247 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €29,896 | €29,327 | €29,740 | €24,595 | €24,936 | ▲ 1.4% |
| Financial debts43 | - | - | - | €4,987 | €3,313 | €3,000 | €0 | €4,442 | - |
| Credit institutions430/8 | - | - | - | €4,987 | €3,313 | €3,000 | €0 | €4,442 | - |
| Trade debts44 | €720 | €1,793 | €3,769 | €4,423 | €4,464 | €670 | €1,234 | €1,454 | ▲ 17.9% |
| Suppliers440/4 | - | - | - | €4,423 | €4,464 | €670 | €1,234 | €1,454 | ▲ 17.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,805 | €5,272 | €2,872 | €243 | €415 | ▲ 70.8% |
| Taxes450/3 | - | - | - | €4,305 | €3,772 | €2,872 | €243 | €415 | ▲ 70.8% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €1,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €41,792 | €7,711 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €271 | €1,179 | €12,189 | €10,930 | €26,239 | -€55,801 | -€3,122 | -€28,516 | ▼ 813% |
| + Depreciation and write-downs630 | €15,706 | €14,968 | €14,745 | €15,654 | €11,990 | €18,912 | €18,809 | €18,809 | = |
| Operating cash flow (approximation) | €15,977 | €16,147 | €26,934 | €26,584 | €38,229 | -€36,889 | €15,687 | -€9,707 | - |
| Investment in fixed assets (approximation) | - | €0 | -€250,384 | -€8,000 | -€12,632 | €210,000 | €0 | €0 | - |
| Change in cash | - | -€4 | €13,919 | -€7,485 | -€5,610 | €6,861 | €11,345 | -€18,956 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00377442 |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00535843 |
| 31-12-2023 | micro format | 27-05-2025 | 2025-00113998 |
| 31-12-2022 | micro format | 16-07-2023 | 2023-00256795 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20421909 |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-70800422 |
| 31-12-2019 | micro format | 22-10-2020 | 2020-63300224 |
| 31-12-2018 | micro format | 15-01-2020 | 2020-01400044 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58500019 |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29600054 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,973. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.