ACTIVE

CWS WORKWEAR BELGIE

Financial year 2025 · Closed on 31/12/2025

Net result3,2 M €-49,4 %over 1 year
Revenue50,8 M €-1,6 %over 1 year
Equity42,5 M €+8,1 %over 1 year
Workforce333,3 ETP-1,9 %over 1 year

Identity

Source · BCE/KBO

CWS WORKWEAR BELGIE is a Public limited company incorporated in 1948. Its main activity is: Sports activities and amusement and recreation activities. Its registered office is in Antwerpen. It employs on average 333,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.828.420
Incorporation
24/05/1948
Legal form
Public limited company
Registered office
Berchemstadionstraat 78
2600 Antwerpen · FlandreSee on map
Contributed capital
9 945 914,65 €
Latest accounts
31/12/2025
Average workforce
333,3 ETP
Joint committees (4)
  • 110
  • 121
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 25 filings

Trend over 14 financial years

20252024202320162015
Income statement
Revenue50,8 M €51,6 M €55,5 M €75,9 M €74,4 M €
EBITDA22 M €23,8 M €22,5 M €21,4 M €22,4 M €
Operating result4,7 M €7,6 M €6,6 M €5,8 M €7,2 M €
Net result3,2 M €6,3 M €6,1 M €29,2 M €4,8 M €
Balance sheet
Equity42,5 M €39,3 M €54,6 M €59,9 M €42,7 M €
Total assets63,1 M €55,3 M €72,5 M €211,1 M €185,9 M €
Cash––4,5 k €162 k €172,2 k €
Debts18,3 M €14,4 M €15,8 M €144,7 M €136,4 M €
Other
Workforce333,3 ETP339,9 ETP348,6 ETP639,2 ETP627,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 21 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jeroen Bastijns
Director01/10/2023 → 20/06/2029
Emilie Delitte
Director01/10/2022 → 30/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Martinus de Veer
Director01/05/2021 → 01/10/2023
Alain Van Lidth De Jeude
Mandate01/11/2016 → 01/11/2022
Gert Maes
Director01/11/2016 → 01/11/2022
Jan Willem Verschoor
Director01/11/2016 → 01/11/2022

Other companies at this address

Berchemstadionstraat 78 2600 Antwerpen
CompanyCBE no.
0780.480.608
0765.334.552
BURO NEXUS● Active
0628.499.622
0436.226.222
0423.205.456
0873.863.003
SwS Partners● Active
1013.013.263
TENNANT EUROPE● Active
0477.652.843
0778.969.881
TVM brokerage● Active
0429.507.486
0442.772.930
TVM solutions● Active
0472.210.351

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelConsolidated accountsConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202627/06/202502/08/202414/07/202330/01/202314/09/2021
General meeting17/06/202618/06/202519/06/202408/06/202307/04/202213/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 25 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202517/06/202619/06/2026DutchPDF
Full model31/12/202418/06/202527/06/2025DutchPDF
Full model31/12/202319/06/202402/08/2024DutchPDF
Full model31/12/202208/06/202314/07/2023DutchPDF
Full model31/12/202128/10/202201/12/2022DutchPDF
Consolidated accounts31/12/202107/04/202230/01/2023EnglishPDF
Full model31/12/202025/06/202113/07/2021DutchPDF
Consolidated accounts31/12/202013/04/202114/09/2021EnglishPDF
Full model31/12/201919/06/202012/08/2020DutchPDF
Consolidated accounts31/12/201901/04/202013/09/2021EnglishPDF
Full model31/12/201821/06/201920/09/2019DutchPDF
Full model31/12/201722/06/201808/08/2018DutchPDF
Consolidated accounts31/12/201728/04/201828/03/2019GermanPDF
Full model31/12/201630/06/201703/07/2017DutchPDF
Full model31/12/201528/06/201629/06/2016DutchPDF
Full model31/12/201425/06/201529/06/2015DutchPDF
Full model31/12/201318/06/201419/06/2014DutchPDF
Full model31/12/201217/06/201311/07/2013DutchPDF
Full model31/12/201120/06/201213/08/2012DutchPDF
Full model31/12/201015/06/201129/08/2011DutchPDF
Full model31/12/200916/06/201005/08/2010DutchPDF
Full model31/12/200817/06/200926/06/2009DutchPDF
Full model31/12/200718/06/200825/06/2008DutchPDF
Full model31/12/200620/06/200726/06/2007DutchPDF
Consolidated accounts31/12/200518/05/200604/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 21 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jeroen Bastijns
Director01/10/2023 → 20/06/2029
Emilie Delitte
Director01/10/2022 → 30/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Martinus de Veer
Director01/05/2021 → 01/10/2023
Alain Van Lidth De Jeude
Mandate01/11/2016 → 01/11/2022
Gert Maes
Director01/11/2016 → 01/11/2022
Jan Willem Verschoor
Director01/11/2016 → 01/11/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring29/08/2024
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring13/06/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates17/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1948
Name
Registered office
Annual accounts
Filings14 filings
Mandates
Jeroen Bastijns
Emilie Delitte
Martinus de Veer
Jan Willem Verschoor
Tom Lorré
Alain Van Lidth De Jeude
Gert Maes
Willy Verhoeven
Daniel Bochem
Albert Feyens
José Manuel Vilabella Rodriquez
Rodriquez José Manuel Vilabella
and 11 more mandates
1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029
CWS WORKWEAR BELGIEINITIALINITIAL TEXTILES
Berchemstadionstraat 78, 2600 Berchem (Antwerp)
Director
Director
Director
Director
Director
Director
DirectorManaging directorAdministrator - manager
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Berchemstadionstraat 78, 2600 Berchem (Antwerp)Current
accounts 2023 → 2025
Accounts 2025 · 2026-00177267

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
CWS WORKWEAR BELGIECurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00177267
INITIAL
accounts 2011 → 2016
Accounts 2016 · 2017-28700321
INITIAL TEXTILES
accounts 2006 → 2010
Accounts 2010 · 2011-52500288

Events

  1. 2025
    Annual accounts 20253,2 M €↓
  2. 18/11/2025
    nominationRoni Shamoun · bijzondere machten
  3. 27/06/2025
    nominationSofie Van Grieken · commissaris
  4. 09/05/2025
    nominationLuc Du Ville · bijzondere machten
  5. 09/05/2025
    nominationIlse Diopere · bijzondere machten
  6. 2024
    Annual accounts 20246,3 M €↑
  7. 01/01/2024
    split
  8. 01/01/2024
    reduction_capital
  9. 01/01/2024
    augmentation_capitalCWS INTERNATIONAL GmbH
  10. 2023
    Annual accounts 20236,1 M €↓
  11. 2023
    Name changeCWS WORKWEAR BELGIE
  12. 01/10/2023
    nominationJeroen Bastijns · bestuurder
  13. 30/11/2022
    nominationNathalie Van Hauwenis · Area Manager
  14. 30/11/2022
    nominationEgbert Jan Schulenberg · Regional Manager Operations Europe, CR, HCICFICR
  15. 28/10/2022
    nominationBDO Bedrijfsrevisoren BV · commissaris
  16. 01/10/2022
    nominationEmilie Delitte · bestuurder
  17. 04/07/2022
    nominationKim Bosmans · Teamlead HR Shared Services Belux
  18. 2016
    Annual accounts 201629,2 M €↑
  19. 2015
    Annual accounts 20154,8 M €↓
  20. 2014
    Annual accounts 20147,7 M €↑
  21. 2013
    Annual accounts 20133,9 M €↑
  22. 2012
    Annual accounts 2012-1,9 M €↓
  23. 2011
    Annual accounts 20115,3 M €↓
  24. 2011
    Name changeINITIAL
  25. 2010
    Annual accounts 20106 M €↑
  26. 2009
    Annual accounts 2009-362,2 k €↓
  27. 2008
    Annual accounts 200812,2 M €↑
  28. 2007
    Annual accounts 20077,1 M €↓
  29. 2006
    Annual accounts 200611,8 M €
  30. 24/05/1948
    IncorporationPublic limited company