SLW
ActiveSummary
SLW has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €5k. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+3
Solvency49▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.51 in 2024; short-term debt: 75.8% and cash: 0.6% of total assets), and 75.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
24.2%
Return on assets
1.5%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
60 d late
2023
69 d late
2022
70 d late
2021
60 d late
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€75k▲ 6.7%
2024 · €70k
2018: €58klowest in 8 years
2019: €61k▲ +3.8% vs 2018
2020: €63k▲ +4.0% vs 2019
2021: €66k▲ +3.9% vs 2020
2022: €68k▲ +3.2% vs 2021
2023: €70k▲ +3.3% vs 2022
2024: €70k● +0.0% vs 2023
2025: €75k▲ +6.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€308k▲ 8.0%
2024 · €285k
2018: €179klowest in 8 years
2019: €194k▲ +8.3% vs 2018
2020: €216k▲ +11.5% vs 2019
2021: €221k▲ +2.0% vs 2020
2022: €240k▲ +8.7% vs 2021
2023: €263k▲ +9.7% vs 2022
2024: €285k▲ +8.4% vs 2023
2025: €308k▲ +8.0% vs 2024highest in 8 years
2018 → 2025
Net result
€5k▲ 59,953%
2024 · €8
2018: €39
2019: €2k▲ +5669% vs 2018
2020: €2k▲ +8.8% vs 2019
2021: €2k▲ +0.5% vs 2020
2022: €2k▼ -13.4% vs 2021
2023: €2k▲ +7.7% vs 2022
2024: €8▼ -99.7% vs 2023lowest in 8 years
2025: €5k▲ +59953% vs 2024highest in 8 years
2018 → 2025
Working capital
€-100k▲ 4.4%
2024 · €-105k
2018: €-117klowest in 8 years
2019: €-114k▲ +1.9% vs 2018
2020: €-112k▲ +2.1% vs 2019
2021: €-110k▲ +2.2% vs 2020
2022: €-107k▲ +1.9% vs 2021
2023: €-105k▲ +2.1% vs 2022
2024: €-105k● +0.0% vs 2023
2025: €-100k▲ +4.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€68k▲ 3.2%€70k▲ 3.3%€70k=€75k▲ 6.7%
2021: €66klowest in 5 years
2022: €68k▲ +3.2% vs 2021
2023: €70k▲ +3.3% vs 2022
2024: €70k● +0.0% vs 2023
2025: €75k▲ +6.7% vs 2024highest in 5 years
Operating result€5k-€4k▼ 10.4%€4k▼ 3.9%€1k▼ 76.0%€4k▲ 324%
2021: €5khighest in 5 years
2022: €4k▼ -10.4% vs 2021
2023: €4k▼ -3.9% vs 2022
2024: €1k▼ -76.0% vs 2023lowest in 5 years
2025: €4k▲ +324% vs 2024
Net result€2k-€2k▼ 13.4%€2k▲ 7.7%€8▼ 99.7%€5k▲ 59,953%
2021: €2k
2022: €2k▼ -13.4% vs 2021
2023: €2k▲ +7.7% vs 2022
2024: €8▼ -99.7% vs 2023lowest in 5 years
2025: €5k▲ +59953% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 324% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€175k =
Current assets
€133k ▲ 20.7%
Equity and liabilities €308k
Equity
€75k ▲ 6.7%
Debt
€233k ▲ 8.4%
Debt's share of the balance-sheet total rises from 75.5% to 75.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.57▲
2024 · 0.51
Debt to equity
3.13▲
2024 · 3.08
ROE
6.3%▲
2024 · 0.0%
ROA
1.5%▲
2024 · 0.0%
Debt ≤ 1 year
€233k▲
2024 · €215k
Income taxes
€2k▲
2024 · €3
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€285k€308k▲
Fixed assets21/28€175k€175k=
Tangible fixed assets22/27€175k€175k=
Other tangible fixed assets26€175k€175k=
Current assets29/58€110k€133k▲
Amounts receivable within one year40/41€110k€131k▲
Other amounts receivable41€110k€131k▲
Cash at bank and in hand54/58€274€2k▲
Equity and liabilities
Total equity and liabilities10/49€285k€308k▲
Equity10/15€70k€75k▲
Contributions10/11€49k€49k=
Reserves13€21k€26k▲
Distributable reserves133€21k€26k▲
Amounts payable17/49€215k€233k▲
Amounts payable within one year42/48€215k€233k▲
Trade debts44€20k€6k▼
Suppliers440/4€20k€6k▼
Taxes, remuneration and social security45-€580
Taxes450/3-€580
Other amounts payable47/48€195k€227k▲
Income statement
Code20242025
Other operating charges640/8€618€633▲
Gross operating margin9900€2k€5k▲
Operating profit (loss)9901€1k€4k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€10€6k▲
Income taxes67/77€3€2k▲
Profit (loss) for the period9904€8€5k▲
Profit (loss) for the period to be appropriated9905€8€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8€5k▲
Transfer to equity691/2€8€5k▲
To other reserves6921€8€5k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €564 | €565 | €604 | €618 | €633 | ▲ 2.3% |
| Gross operating margin9900 | €5k | €5k | €5k | €2k | €5k | ▲ 202% |
| Operating profit (loss)9901 | €5k | €4k | €4k | €1k | €4k | ▲ 324% |
| Financial income75/76B | €1k | €1k | €2k | €3k | €3k | ▲ 23.1% |
| Recurring financial income75 | €1k | €1k | €2k | €3k | €3k | ▲ 23.1% |
| Financial charges65/66B | €3k | €3k | €3k | €4k | €2k | ▼ 60.6% |
| Recurring financial charges65 | €3k | €3k | €3k | €4k | €2k | ▼ 60.6% |
| Profit (loss) for the period before taxes9903 | €3k | €3k | €3k | €10 | €6k | ▲ 60,076% |
| Income taxes67/77 | €808 | €698 | €764 | €3 | €2k | ▲ 60,443% |
| Profit (loss) for the period9904 | €2k | €2k | €2k | €8 | €5k | ▲ 59,953% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €2k | €8 | €5k | ▲ 59,953% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221k | €240k | €263k | €285k | €308k | ▲ 8.0% |
| Fixed assets21/28 | €175k | €175k | €175k | €175k | €175k | = |
| Tangible fixed assets22/27 | €175k | €175k | €175k | €175k | €175k | = |
| Other tangible fixed assets26 | €175k | €175k | €175k | €175k | €175k | = |
| Current assets29/58 | €46k | €65k | €88k | €110k | €133k | ▲ 20.7% |
| Amounts receivable within one year40/41 | €41k | €61k | €87k | €110k | €131k | ▲ 19.3% |
| Other amounts receivable41 | €41k | €61k | €87k | €110k | €131k | ▲ 19.3% |
| Cash at bank and in hand54/58 | €5k | €3k | €602 | €274 | €2k | ▲ 583% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221k | €240k | €263k | €285k | €308k | ▲ 8.0% |
| Equity10/15 | €66k | €68k | €70k | €70k | €75k | ▲ 6.7% |
| Contributions10/11 | €49k | €49k | €49k | €49k | €49k | = |
| Reserves13 | €17k | €19k | €21k | €21k | €26k | ▲ 22.0% |
| Non-distributable reserves130/1 | €520 | €520 | €520 | - | - | - |
| Reserves not available under the articles1311 | €520 | €520 | €520 | - | - | - |
| Distributable reserves133 | €16k | €18k | €21k | €21k | €26k | ▲ 22.0% |
| Amounts payable17/49 | €155k | €172k | €193k | €215k | €233k | ▲ 8.4% |
| Amounts payable within one year42/48 | €155k | €172k | €193k | €215k | €233k | ▲ 8.4% |
| Trade debts44 | €5k | €19k | €19k | €20k | €6k | ▼ 72.3% |
| Suppliers440/4 | €5k | €19k | €19k | €20k | €6k | ▼ 72.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €580 | - |
| Taxes450/3 | - | - | - | - | €580 | - |
| Other amounts payable47/48 | €150k | €154k | €174k | €195k | €227k | ▲ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €2k | €8 | €5k | ▲ 59,953% |
| Operating cash flow (approximation) | €2k | €2k | €2k | €8 | €5k | ▲ 59,953% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €-3k | €-327 | €2k | ▲ 589% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €5k ▲59,953%
Net result €5k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €8 ▼99.7%
Net result drops to €8, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wervik · 1 establishment unit since 2005
Ground area
2.3 ha
Building footprint
1.2 ha
Volume, LiDAR
105,656 m³
Parcel 33029B0426/00K000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
SLW
since 20052.146.078.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0426/00K000 | Flanders | 2.3 ha | 1 · 1.2 ha | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2005
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.