T.B.W.A.
ActiveSummary
T.B.W.A. has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €505k and a net result of €1.77M. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 12% of 1095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
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Financials · fiscal year 2024, full schema
Filed annual accounts As filed with the NBB · 2024 against 2023 · 74 lines
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €39.99M | €37.25M | €39.21M | €36.57M | ▼ 6.7% |
| Turnover70 | €37.14M | €37.41M | €36.69M | €30.64M | €32.22M | ▲ 5.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €-891k | €-4.12M | €3.92M | €390k | ▼ 90.0% |
| Other operating income74 | - | €3.47M | €4.69M | €4.64M | €3.96M | ▼ 14.6% |
| Operating charges60/66A | - | €39.05M | €35.73M | €35.58M | €34.05M | ▼ 4.3% |
| Goods for resale, raw materials and consumables60 | - | €22.95M | €19.04M | €19.66M | €18.52M | ▼ 5.8% |
| Purchases600/8 | - | €22.95M | €19.04M | €19.66M | €18.52M | ▼ 5.8% |
| Services and other goods61 | - | €7.39M | €8.30M | €7.88M | €8.26M | ▲ 4.8% |
| Remuneration, social security and pensions62 | - | €8.11M | €7.70M | €7.32M | €6.71M | ▼ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €965k | €601k | €685k | €722k | €566k | ▼ 21.5% |
| Other operating charges640/8 | - | €2k | €3k | €1k | €2k | ▲ 33.4% |
| Non-recurring operating charges66A | - | €2k | €760 | €2k | €1k | ▼ 42.4% |
| Operating profit (loss)9901 | €1.57M | €936k | €1.52M | €3.62M | €2.52M | ▼ 30.5% |
| Financial income75/76B | - | €17k | €3k | €46k | €154k | ▲ 235% |
| Recurring financial income75 | €48k | €15k | €3k | €46k | €154k | ▲ 235% |
| Income from current assets751 | - | €535 | €1k | €45k | €145k | ▲ 221% |
| Other financial income752/9 | - | €15k | €2k | €801 | €9k | ▲ 1,001% |
| Non-recurring financial income76B | - | €2k | - | - | - | - |
| Financial charges65/66B | - | €78k | €82k | €163k | €184k | ▲ 13.0% |
| Recurring financial charges65 | €69k | €78k | €82k | €163k | €184k | ▲ 13.0% |
| Debt charges650 | €56k | €51k | €58k | €76k | €95k | ▲ 25.1% |
| Other financial charges652/9 | - | €27k | €24k | €87k | €89k | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €1.55M | €875k | €1.45M | €3.51M | €2.49M | ▼ 29.0% |
| Income taxes67/77 | €571k | €365k | €478k | €1.02M | €719k | ▼ 29.4% |
| Taxes670/3 | - | €365k | €485k | €1.02M | €720k | ▼ 29.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | €7k | - | €794 | - |
| Profit (loss) for the period9904 | €979k | €510k | €967k | €2.49M | €1.77M | ▼ 28.9% |
| Profit (loss) for the period to be appropriated9905 | €979k | €510k | €967k | €2.49M | €1.77M | ▼ 28.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29.77M | €29.88M | €23.39M | €28.80M | €25.29M | ▼ 12.2% |
| Fixed assets21/28 | €1.51M | €3.77M | €3.69M | €2.94M | €2.59M | ▼ 11.7% |
| Intangible fixed assets21 | €13k | €8k | €3k | €631 | €218 | ▼ 65.4% |
| Tangible fixed assets22/27 | €1.28M | €3.55M | €3.44M | €2.93M | €2.59M | ▼ 11.4% |
| Plant, machinery and equipment23 | - | €182k | €170k | €136k | €105k | ▼ 23.1% |
| Furniture and vehicles24 | - | €242k | €181k | €123k | €70k | ▼ 42.7% |
| Leasing and similar rights25 | - | €467k | €559k | €482k | €488k | ▲ 1.3% |
| Other tangible fixed assets26 | - | €2.66M | €2.53M | €2.19M | €1.93M | ▼ 11.8% |
| Financial fixed assets28 | €213k | €206k | €250k | €10k | €450 | ▼ 95.6% |
| Other financial fixed assets284/8 | - | €206k | €250k | €10k | €450 | ▼ 95.6% |
| Amounts receivable and cash guarantees285/8 | - | €206k | €250k | €10k | €450 | ▼ 95.6% |
| Current assets29/58 | €28.26M | €26.11M | €19.70M | €25.86M | €22.69M | ▼ 12.2% |
| Stocks and contracts in progress3 | €10.35M | €9.46M | €5.34M | €9.26M | €9.65M | ▲ 4.2% |
| Contracts in progress37 | - | €9.46M | €5.34M | €9.26M | €9.65M | ▲ 4.2% |
| Amounts receivable within one year40/41 | €17.26M | €16.00M | €13.63M | €15.87M | €12.58M | ▼ 20.7% |
| Trade receivables40 | - | €12.79M | €12.06M | €13.19M | €9.94M | ▼ 24.6% |
| Other amounts receivable41 | - | €3.21M | €1.58M | €2.68M | €2.63M | ▼ 1.6% |
| Cash at bank and in hand54/58 | €7k | €7k | €7k | €9k | €4k | ▼ 53.5% |
| Deferred charges and accrued income490/1 | - | €643k | €727k | €726k | €463k | ▼ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29.77M | €29.88M | €23.39M | €28.80M | €25.29M | ▼ 12.2% |
| Equity10/15 | €567k | €577k | €494k | €484k | €505k | ▲ 4.3% |
| Contributions10/11 | €436k | €436k | €436k | €436k | €436k | = |
| Capital10 | - | €436k | €436k | €436k | €436k | = |
| Issued capital100 | - | €436k | €436k | €436k | €436k | = |
| Reserves13 | €44k | €44k | €44k | €44k | €44k | = |
| Non-distributable reserves130/1 | - | €44k | €44k | €44k | €44k | = |
| Legal reserve130 | - | €44k | €44k | €44k | €44k | = |
| Profit (loss) carried forward14 | €87k | €97k | €14k | €4k | €25k | ▲ 467% |
| Amounts payable17/49 | €29.20M | €29.30M | €22.90M | €28.31M | €24.78M | ▼ 12.5% |
| Amounts payable after more than one year17 | €251k | €294k | €345k | €306k | €299k | ▼ 2.4% |
| Financial debts170/4 | - | €294k | €345k | €306k | €299k | ▼ 2.4% |
| Leasing and similar obligations172 | - | €294k | €345k | €306k | €299k | ▼ 2.4% |
| Amounts payable within one year42/48 | €28.94M | €28.70M | €22.19M | €27.69M | €24.20M | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | - | €181k | €221k | €181k | €197k | ▲ 8.9% |
| Trade debts44 | €8.17M | €10.52M | €7.97M | €6.60M | €4.69M | ▼ 28.9% |
| Suppliers440/4 | - | €10.52M | €7.97M | €6.60M | €4.69M | ▼ 28.9% |
| Advances received on contracts in progress46 | - | €13.48M | €8.83M | €14.83M | €14.27M | ▼ 3.7% |
| Taxes, remuneration and social security45 | - | €4.02M | €4.11M | €3.58M | €3.29M | ▼ 8.1% |
| Taxes450/3 | - | €1.32M | €1.60M | €1.70M | €1.67M | ▼ 1.8% |
| Remuneration and social security454/9 | - | €2.70M | €2.52M | €1.88M | €1.62M | ▼ 13.8% |
| Other amounts payable47/48 | - | €500k | €1.05M | €2.50M | €1.75M | ▼ 30.0% |
| Accrued charges and deferred income492/3 | - | €304k | €368k | €317k | €279k | ▼ 12.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €979k | €510k | €967k | €2.49M | €1.77M | ▼ 28.9% |
| + Depreciation and write-downs630 | €965k | €601k | €685k | €722k | €566k | ▼ 21.5% |
| Operating cash flow (approximation) | €1.94M | €1.11M | €1.65M | €3.21M | €2.34M | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | €-2.86M | €-611k | €33k | €-222k | ▼ 782% |
| Change in cash | - | €896 | €-490 | €2k | €-5k | ▼ 330% |
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
21-09
State Gazette act
Appointment: Sylvie Consult (director)Permanent representative: Sylvie Dewaele3 facts ▸
- General meeting, 30-06-2026
- Director appointment, Sylvie Consult (director)
- Permanent representative, Sylvie Dewaele (permanent representative)
17-09
State Gazette act
Reappointments: Marieke Michils, Geert Verdonck and 8 othersAppointments: Sylvie Dewaele (director) and LAJURO (director) · Permanent representative: Stéphanie Vercruysse · Resignation: Nancy Vanlerberghe (director)15 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Marieke Michils (director)
- Director reappointment, Geert Verdonck (director)
- Director reappointment, Jasper Govaerts (director)
- Director reappointment, Kristof Janssens (director)
- Director reappointment, Frank Marinus (director)
- Director reappointment, Jochen De Greef (director)
- Director reappointment, Kris Govaerts (director)
- Director reappointment, Bauwhaus (director)
- Director reappointment, F+C (director)
- Director reappointment, Omnicom Advertising Group Belgium (director)
- Director appointment, Sylvie Dewaele (director)
- +3 further facts in this act
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About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 2 have been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
7 other directors
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00L000 | Flanders | 6,876 m² | 1 · 780 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Connections & network
3 connected companiesPublic money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 6,118 EUR awarded · 6,118 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,981 EUR | 1,981 EUR |
| 2023 | 1 | 1,022 EUR | 1,022 EUR |
| 2022 | 1 | 3,115 EUR | 3,115 EUR |
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