TWC (0842.357.797): financials and annual accounts

TWC

Antwerp ·KBO/BCE: BE 0842.357.797

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Balance sheet: assets
Total assets`20/58`	178,244	154,828	178,986	191,165	144,273	118,291	113,841	87,284	57,418	70,246	42,236	34,756	87,399	57,325
Fixed assets`21/28`	17,868	21,653	23,340	18,735	22,467	19,896	26,774	26,932	19,762	25,496	5,239	4,412	20,208	18,902
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	0	7,275	8,175
Tangible fixed assets`22/27`	4,518	8,303	9,990	5,385	9,117	6,546	13,424	13,582	19,712	25,446	5,214	4,412	12,933	10,727
Land and buildings`22`	-	1,943	2,429	2,915	3,401	3,887	4,373	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	0	6,750	8,550
Furniture and vehicles`24`	3,061	6,360	7,560	2,470	5,716	2,659	3,790	3,059	3,927	4,400	5,214	4,412	6,183	2,177
Other tangible fixed assets`26`	1,458	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	13,350	13,350	13,350	13,350	13,350	13,350	13,350	13,350	50	50	25	-	-	-
Current assets`29/58`	160,376	133,175	155,647	172,431	121,806	98,395	87,067	60,351	37,656	44,750	36,997	30,344	67,191	38,423
Amounts receivable after more than one year`29`	-	6,000	33,000	42,500	-	-	-	-	1,247	-	-	-	114	-
Other amounts receivable`291`	-	6,000	33,000	42,500	-	-	-	-	1,247	-	-	-	114	-
Stocks and contracts in progress`3`	34,502	29,507	34,768	33,269	33,269	40,120	20,180	5,516	5,351	2,353	6,892	8,012	10,232	-
Stocks`30/36`	34,502	29,507	34,768	33,269	33,269	40,120	20,180	5,516	5,351	2,353	6,892	8,012	10,232	-
Amounts receivable within one year`40/41`	60,595	18,131	4,349	20,112	8,534	8,512	1,485	1,479	9,230	8,365	941	7,072	47,887	29,752
Trade receivables`40`	42,178	16,773	1,920	7,000	8,434	8,419	1,392	1,392	1,106	3,721	941	7,072	47,887	29,752
Other amounts receivable`41`	18,417	1,359	2,429	13,112	100	94	94	87	8,124	4,644	-	-	-	-
Cash at bank and in hand`54/58`	42,608	58,328	68,875	73,911	77,531	47,375	65,402	53,356	19,034	30,587	28,393	14,696	8,958	7,537
Deferred charges and accrued income`490/1`	22,671	21,209	14,655	2,639	2,472	2,388	-	-	2,794	3,445	771	564	-	1,134
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	178,244	154,828	178,986	191,165	144,273	118,291	113,841	87,284	57,418	70,246	42,236	34,756	87,399	57,325
Equity`10/15`	141,793	133,737	132,069	128,300	101,964	83,308	55,601	37,310	25,466	26,584	3,162	-12,571	14,579	11,242
Contributions`10/11`	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	17,700	17,700	17,700	17,700	17,700
Issued capital`100`	-	-	-	-	-	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	850	850	850	850	850
Reserves`13`	106,338	98,282	96,614	92,845	66,509	47,853	20,145	1,855	1,855	1,855	1,855	1,855	1,855	-
Non-distributable reserves`130/1`	1,855	1,855	1,855	1,855	1,855	1,855	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	-
Reserves not available under the articles`1311`	1,855	1,855	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	104,483	96,427	94,759	90,990	64,654	45,998	18,290	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	16,905	16,905	16,905	16,905	16,905	16,905	16,905	16,905	5,061	7,029	-16,393	-32,126	-4,976	-6,458
Amounts payable`17/49`	36,450	21,091	46,917	62,865	42,309	34,983	58,241	49,974	31,952	43,662	39,074	47,327	72,820	46,083
Amounts payable after more than one year`17`	-	-	-	-	-	3,974	3,974	8,581	20,083	25,116	7,685	7,854	29,621	7,200
Financial debts`170/4`	-	-	-	-	-	2,774	2,774	7,381	12,883	17,870	-	-	-	-
Other amounts payable`178/9`	-	-	-	-	-	1,200	1,200	1,200	7,200	7,246	7,685	7,854	29,621	7,200
Amounts payable within one year`42/48`	36,450	21,091	46,917	62,865	42,309	31,010	54,267	41,393	11,869	18,546	31,389	39,473	43,199	38,883
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	1,135	4,607	4,427	4,987	4,987	-	-	-	-
Trade debts`44`	6,374	6,942	10,441	10,300	11,048	5,253	4,796	3,098	1,034	5,019	14,106	14,151	14,129	13,300
Suppliers`440/4`	6,374	6,942	10,441	10,300	11,048	5,253	4,796	3,098	1,034	5,019	14,106	14,151	14,129	13,300
Taxes, remuneration and social security`45`	30,076	14,149	36,476	42,869	26,260	24,201	26,443	11,958	5,848	8,540	17,283	25,322	29,070	25,583
Taxes`450/3`	22,034	13,992	30,890	38,435	22,696	20,465	22,403	11,145	5,848	8,540	4,977	5,919	5,381	6,577
Remuneration and social security`454/9`	8,042	158	5,586	4,434	3,564	3,736	4,040	812	-	-	12,306	19,403	23,689	19,006
Other amounts payable`47/48`	-	-	-	9,696	5,000	421	18,421	21,910	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	109,718	121,621	114,751	124,359	81,427	88,089
Non-recurring operating income`76A`	-	4,525	-	-	-	-	-	-	3,716	11,421	-	2,005	18,643	-
Gross operating margin`9900`	45,587	38,997	35,791	71,845	51,692	62,465	65,675	25,509	10,236	38,837	23,059	21,230	-9,425	-3,704
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	103,198	94,205	91,692	103,129	90,852	91,793
Remuneration, social security and pensions`62`	22,331	26,998	18,185	21,681	15,974	15,823	16,264	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	5,940	5,375	4,984	2,933	2,559	6,878	7,015	6,130	6,804	6,903	1,864	1,463	4,798	2,138
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	7,000	-	-	-	2,847	33,675	-	-
Other operating charges`640/8`	1,043	3,103	2,885	2,614	2,264	1,915	7,730	1,681	3,307	4,085	2,238	1,213	795	382
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	192	-	-	14,025	-	-
Operating profit (loss)`9901`	16,273	3,521	9,737	44,617	30,895	37,849	27,666	17,698	-67	27,849	16,110	-15,121	-15,018	-6,224
Financial income`75/76B`	0	3,738	-	37	1	-	-	0	11	94	39	44	3	-
Recurring financial income`75`	0	3,738	-	37	1	-	-	0	11	94	39	44	3	-
Financial charges`65/66B`	3,915	3,992	3,785	3,400	4,028	2,688	853	1,078	1,025	628	416	53	291	234
Recurring financial charges`65`	3,915	3,992	3,785	3,400	4,028	2,688	853	1,078	1,025	628	416	53	291	234
Profit (loss) for the period before taxes`9903`	12,358	3,267	5,952	41,254	26,869	35,161	26,813	16,620	-1,081	27,315	15,733	-27,150	3,337	-6,458
Income taxes`67/77`	4,301	1,599	2,183	14,918	8,213	7,453	8,523	4,776	887	3,893	-	-	-	-
Profit (loss) for the period`9904`	8,056	1,668	3,769	26,336	18,656	27,708	18,290	11,844	-1,968	23,422	15,733	-27,150	3,337	-6,458
Profit (loss) for the period to be appropriated`9905`	8,056	1,668	3,769	26,336	18,656	27,708	18,290	11,844	-1,968	23,422	15,733	-27,150	3,337	-6,458
Appropriation of the result
Profit (loss) to be appropriated`9906`	24,962	18,573	20,674	43,242	35,561	44,613	35,196	16,905	5,061	7,029	-16,393	-32,126	-3,121	-6,458
Profit (loss) brought forward from the previous period`14P`	16,905	16,905	16,905	16,905	16,905	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	8,056	1,668	3,769	26,336	18,656	27,708	18,290	-	-	-	-	-	1,855	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	1,855	-
To other reserves`6921`	8,056	1,668	3,769	26,336	18,656	27,708	18,290	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.7	3.1	3	1.9	1.6	0.8	0.7	-	-	-	-	-	-	-
Hours worked`1013`	1,671	1,347	1,274	1,163	1,202	1,165	1,236	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	14-09-2026	2026-00511789	PDF
31-12-2024	micro format	29-08-2025	2025-00438243	PDF
31-12-2023	micro format	31-07-2024	2024-00310894	PDF
31-12-2022	micro format	31-08-2023	2023-00385278	PDF
31-12-2021	micro format	30-09-2022	2022-20441571	PDF
31-12-2020	micro format	31-08-2021	2021-66000512	PDF
31-12-2019	micro format	30-11-2020	2020-74500501	PDF
31-12-2018	micro format	31-08-2019	2019-61900151	PDF
31-12-2017	abbreviated format	20-06-2018	2018-21200455	PDF
31-12-2016	abbreviated format	19-06-2017	2017-18700086	PDF
31-12-2015	abbreviated format	22-06-2016	2016-20700594	PDF
31-12-2014	abbreviated format	10-08-2015	2015-40900323	PDF
31-12-2013	abbreviated format	21-08-2014	2014-45200236	PDF
31-12-2012	abbreviated format	14-08-2013	2013-43200346	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
EBITDA	22,213	8,895	14,721	47,550	33,454	44,727	34,681	23,828	6,737	34,752	17,974	-13,658	-10,220	-4,086
Cash flow	13,997	7,042	8,753	29,269	21,215	34,585	25,305	17,974	4,836	30,325	17,597	-25,687	8,135	-4,320
Investment in fixed assets (approximation)	2,155	3,688	9,589	-799	5,130	0	6,857	13,300	1,263	27,160	2,691	594	6,104	21,040
Change in cash	-15,720	-10,547	-5,036	-3,620	30,157	-18,027	12,045	34,322	-11,553	2,194	13,697	5,738	1,421	-
Working capital	123,925	112,084	108,730	109,566	79,497	67,386	32,800	18,959	25,787	26,204	5,608	-9,129	23,992	-460
EBIT margin	-	-	-	-	-	-	-	-	-0.1%	22.9%	14.0%	-12.2%	-18.4%	-7.1%
Solvency	79.6%	86.4%	73.8%	67.1%	70.7%	70.4%	48.8%	42.7%	44.4%	37.8%	7.5%	-36.2%	16.7%	19.6%
Current ratio	4.40	6.31	3.32	2.74	2.88	3.17	1.60	1.46	3.17	2.41	1.18	0.77	1.56	0.99
Quick ratio	3.45	4.92	2.58	2.21	2.09	1.88	1.23	1.32	2.72	2.29	0.96	0.57	1.32	0.99
Debt to equity	0.26	0.16	0.36	0.49	0.41	0.42	1.05	1.34	1.25	1.64	12.36	-	4.99	4.10
ROE	5.7%	1.2%	2.9%	20.5%	18.3%	33.3%	32.9%	31.7%	-7.7%	88.1%	497.6%	-	22.9%	-57.4%
ROA	4.5%	1.1%	2.1%	13.8%	12.9%	23.4%	16.1%	13.6%	-3.4%	33.3%	37.3%	-78.1%	3.8%	-11.3%
Interest coverage	5.67	2.23	3.89	13.99	8.31	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	4 days	11 days	3 days	21 days	215 days	123 days
Supplier credit	-	-	-	-	-	-	-	-	4 days	19 days	56 days	50 days	57 days	53 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	3	2	2
part-time	2	2	3	2	2
in full-time equivalents	1.1	0.6	0.8	0.7	0.7
Average over the year, in full-time equivalents	1.1	1	0.9	0.7	0.7
On a permanent contract	-	-	1	-	1
Joined	5	4	3	3	2
Left	3	3	0	2	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,155	€3,688	€9,589	-	€5,130
Depreciation and write-downs of the year	€5,940	€5,375	€4,984	€2,933	€2,559

TWC

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency79.6%

Current ratio4.40

Return on assets4.5%

Staff

Staff cost per FTE€8,271

Joined and left+2

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €2,000 awarded, €2,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on TWC

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