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. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 9,754 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.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-2009 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Loss
- €28,516
- ▲ 813%
- Equity
- -€55,621
- ▼ 105%
- Total assets
- €165,078
- ▼ 21.5%
- Negative equity on 31-12-2025
Signalsraises riskWeak solvency compared with the sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9754 sector peers (2025).
NBB · sector comparisonPosition among 9754 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
61 days late
2023
300 days late
2022
15 days early
2021
30 days late
2020
61 days late
2019
83 days late
← 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 74 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 30 August (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 16 filings
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%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€25,998
2025
20182025
Net result
-€28,516
▼ 813%
2025
lowest quarter of the sector
20182025
Equity
-€55,621
▼ 105%
2025
lowest quarter of the sector
20182025
Total assets
€165,078
▼ 21.5%
2025
middle half of the sector
20182025
Debt
€220,698
▼ 7.0%
2025
20182025
Working capital
-€31,169
2025
lowest quarter of the sector
20182025
Solvency
-33.7%
▼ 20.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.00
▼ 1.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-17.3%
▼ 15.8pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
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 sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €25,998, after a profit of €1,173 in 2024.
Turnover and EBIT margin are 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.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,000 | €61,847 | - | - | - |
| Depreciation and write-downs of the year | €15,654 | €11,990 | €18,912 | €18,809 | €18,809 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Directors
1 director, last change in 2024
GORISSEN Erwin
Current
Director (not named in the articles) · since 27-12-2023 · earlier manager, until 05-01-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 05-01-2024Owners and capital
Capital transactions
Capital over time
- 05-01-2024 Converted to unavailable equity · €6,200
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GORISSEN Erwin |
|
Articles of association
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluit algemene vergadering beraadslagend zoals inzake statutenwijziging”
Articles of association, deed of 05-01-2024 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- LENAERTS-GORISSEN EN PARTNERSsubsidiarySourceown accounts 2022Equity €26,922 Loss of €12,728 in 2024 (loss of €6,790 in 2023) Checked score 32100%
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of RWIN. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-07
micro format · 1 day before the deadline
2025
2024
05-01
Gazette deed
Resignation: GORISSEN Erwin (manager)Reappointment: GORISSEN Erwin (director) · Registered office clause · Power of attorney10 points ▸
Gazette deed
Resignation: GORISSEN Erwin (manager)
Reappointment: GORISSEN Erwin (director) · Registered office clause · Power of attorney10 points ▸
- Director resignation, GORISSEN Erwin (manager)
- Director reappointment, GORISSEN Erwin (director (not named in the articles))
- Registered office clause, “3650 Dilsen-Stokkem, Lemmenshoefstraat 13A” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
- Power of attorney, Cynthia VAN AENRODE
- General meeting, 27-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
2023
31-12
Financial
Weakest financial yearnet -€55,801
The net result drops to -€55,801, the lowest from 2018 to 2025. It recovers the following year.
31-12
Financial
Liquidity more than 24 timescurrent ratio 2.73
The current ratio rises from 0.11 to 2.73. Short-term debt falls from €50,087 to €36,282.
16-07
micro format · 15 days before the deadline
2022
31-12
Financial
Highest result from 2018 to 2025net €26,239 ▲140%
The operating result of €39,440 and the net result of €26,239 are both a record.
30-08
micro format · 30 days late
2021
30-09
abbreviated format · 61 days late
2020
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
RWIN in Dutch
Enterprise number
0821.724.612
LEI code
967600LTHOAI83T50S04
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
23-12-2009
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-01-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”
deed of 05-01-2024 (in Dutch)Registered office and establishments
Registered office
Lemmenshoefstraat 13A, 3650 Dilsen-Stokkem, Belgium
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0821.724.612
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 18:00
deed of 05-01-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,246 m²
Building footprint
183 m²
Building volume
926 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72005B1764/00E000 | Flanders | 1,246 m² | 1 · 183 m² | 9.0 m · 2 |