ACTIVE

Royal Warwick

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Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

+76.7% YoY

Revenue

16,6 M €

+1.0% YoY

Equity

17,5 M €

+9.8% YoY

Workforce

148,3 ETP

+0.5% YoY

What does Royal Warwick do?

Royal Warwick is a Public limited company incorporated in 1970. Its registered office is in Bruxelles. It employs on average 148,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.980.128

Incorporation

09/02/1970

Legal form

Public limited company

Registered office

Rue Duquesnoy 5
1000 Bruxelles · BruxellesSee on map

Contributed capital

10 065 000,00 €

Latest accounts

31/12/2025

Average workforce

148,3 ETP

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	16,6 M €	+1.0%	16,4 M €	+2.1%	16,1 M €	+16.7%	13,8 M €	+143%	5,7 M €	+48.0%	3,8 M €	-74.9%	15,3 M €	+10.4%	13,8 M €	+23.5%	11,2 M €	+22.2%	9,2 M €	-27.6%	12,6 M €	+1.5%	12,5 M €	+10.5%	11,3 M €	-0.6%	11,3 M €	-6.3%	12,1 M €	-0.5%	12,2 M €	+15.6%	10,5 M €	-18.3%	12,9 M €	-0.1%	12,9 M €	+2.0%	12,6 M €
EBITDA	3,4 M €	-9.3%	3,8 M €	+11.4%	3,4 M €	+15.9%	2,9 M €	+7871%	36,8 k €	+101%	-2,7 M €	-170%	3,8 M €	+40.8%	2,7 M €	+68.3%	1,6 M €	+206%	526 k €	-74.4%	2,1 M €	-5.2%	2,2 M €	+19.7%	1,8 M €	+4.6%	1,7 M €	-24.9%	2,3 M €	-7.3%	2,5 M €	+84.4%	1,3 M €	-56.4%	3,1 M €	-1.4%	3,1 M €	-5.1%	3,3 M €
Operating result	2,2 M €	-16.9%	2,7 M €	+17.5%	2,3 M €	+31.1%	1,7 M €	+249%	-1,2 M €	+70.1%	-3,9 M €	-253%	2,5 M €	+87.9%	1,3 M €	+327%	314,2 k €	+150%	-631,5 k €	-171%	891,1 k €	-13.3%	1 M €	+66.3%	618,2 k €	+37.5%	449,5 k €	-52.0%	935,9 k €	-24.3%	1,2 M €	+1504%	77,1 k €	-95.5%	1,7 M €	+22.9%	1,4 M €	-12.0%	1,6 M €
Net result	1,6 M €	+76.7%	881,1 k €	-44.6%	1,6 M €	-4.4%	1,7 M €	+264%	-1 M €	+74.5%	-4 M €	-268%	2,4 M €	+112%	1,1 M €	+5935%	-19,2 k €	+97.6%	-802,6 k €	-330%	349 k €	-94.7%	6,6 M €	+428%	-2 M €	-0.2%	-2 M €	-133%	6,1 M €	+801%	-875,1 k €	+58.5%	-2,1 M €	-181%	2,6 M €	+86.2%	1,4 M €	+126%	617,8 k €
Balance sheet
Equity	17,5 M €	+9.8%	15,9 M €	+5.9%	15 M €	+11.8%	13,4 M €	+14.1%	11,8 M €	-7.9%	12,8 M €	-23.8%	16,8 M €	+16.5%	14,4 M €	+8.4%	13,3 M €	-0.2%	13,3 M €	-5.7%	14,1 M €	+2.5%	13,8 M €	+93.3%	7,1 M €	-22.2%	9,1 M €	-18.1%	11,2 M €	+122%	5 M €	-14.8%	5,9 M €	-26.3%	8 M €	+47.8%	5,4 M €	+34.6%	4 M €
Total assets	40,3 M €	+2.2%	39,4 M €	+1.8%	38,7 M €	+2.8%	37,6 M €	+2.8%	36,6 M €	+0.9%	36,3 M €	-8.9%	39,8 M €	+4.3%	38,2 M €	-3.4%	39,5 M €	-2.7%	40,6 M €	+3.2%	39,3 M €	-9.5%	43,5 M €	+15.3%	37,7 M €	-15.7%	44,7 M €	-6.8%	48 M €	+0.4%	47,8 M €	-3.6%	49,6 M €	-5.6%	52,6 M €	+1.4%	51,9 M €	-0.5%	52,1 M €
Cash	4,9 M €	-28.8%	6,8 M €	+8.0%	6,3 M €	+33.0%	4,8 M €	+81.3%	2,6 M €	+86.8%	1,4 M €	-54.5%	3,1 M €	+188%	1,1 M €	-70.7%	3,7 M €	-65.9%	10,8 M €	+1482%	680,7 k €	-89.0%	6,2 M €	+168%	2,3 M €	-78.2%	10,6 M €	-10.8%	11,9 M €	+247%	3,4 M €	-48.9%	6,7 M €	-33.0%	10 M €	+11163%	88,9 k €	-14.5%	103,9 k €
Debts	22,6 M €	-2.8%	23,3 M €	-1.4%	23,6 M €	-2.2%	24,1 M €	-2.4%	24,7 M €	+7.4%	23 M €	+0.3%	23 M €	-2.9%	23,6 M €	-9.6%	26,1 M €	-3.9%	27,2 M €	+8.1%	25,1 M €	-15.2%	29,6 M €	-2.4%	30,4 M €	-14.1%	35,4 M €	-3.4%	36,6 M €	-14.0%	42,6 M €	-2.1%	43,5 M €	-1.8%	44,2 M €	-4.0%	46,1 M €	-3.6%	47,8 M €
Other
Workforce	148,3 ETP	+0.5%	147,6 ETP	-0.1%	147,7 ETP	+1.7%	145,2 ETP	+10.7%	131,2 ETP	-5.3%	138,5 ETP	-17.4%	167,7 ETP	+5.1%	159,6 ETP	+8.2%	147,5 ETP	+1.7%	145,1 ETP	-14.4%	169,6 ETP	+4.5%	162,3 ETP	+6.9%	151,8 ETP	+2.2%	148,5 ETP	-0.8%	149,7 ETP	-0.1%	149,9 ETP	-0.6%	150,8 ETP	-1.0%	152,4 ETP	-5.5%	161,2 ETP	-0.9%	162,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

RICHARD CHIU

Director · since 01 juin 2024 · until 30 mai 2030

Active

CLARE CHIU

Director · since 30 juin 2021 · until 30 mai 2027

Active

STEPHEN LINCH

Director · since 30 juin 2021 · until 30 mai 2027

Active

Ended mandates

CLAIRE CHIU

Director · since 30 juin 2021 · until 30 mai 2027

Ended

ERIC SOUKIASSIAN

Director · since 19 mai 2018 · until 18 mai 2024

Ended

LOUIS VANHEUSDEN

Director · since 19 mai 2018 · until 18 mai 2024

Ended

RICHARD CHIU

Director · since 19 mai 2018 · until 18 mai 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	30/07/2025	28/06/2024	13/07/2023	17/08/2022	09/08/2021
General meeting	30/05/2026	30/05/2025	30/05/2024	30/05/2023	30/05/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/05/2026	03/07/2026	French	PDF
Full model	31/12/2024	30/05/2025	30/07/2025	French	PDF
Full model	31/12/2023	30/05/2024	28/06/2024	French	PDF
Full model	31/12/2022	30/05/2023	13/07/2023	French	PDF
Full model	31/12/2021	30/05/2022	17/08/2022	French	PDF
Full model	31/12/2020	30/06/2021	09/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	31/08/2020	French	PDF
Full model	31/12/2018	17/05/2019	27/06/2019	French	PDF
Full model	31/12/2017	18/05/2018	12/06/2018	French	PDF
Full model	31/12/2016	19/05/2017	18/07/2017	French	PDF
Full model	31/12/2015	20/05/2016	23/06/2016	French	PDF
Full model	31/12/2014	15/05/2015	18/06/2015	French	PDF
Full model	31/12/2013	16/05/2014	11/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	13/06/2013	French	PDF
Full modelCorrection	31/12/2011	18/05/2012	30/04/2013	French	PDF
Full model	31/12/2011	18/05/2012	08/06/2012	French	PDF
Full model	31/12/2010	10/06/2011	29/06/2011	French	PDF
Full model	31/12/2009	21/05/2010	10/06/2010	French	PDF
Full model	31/12/2008	05/06/2009	06/07/2009	French	PDF
Full model	31/12/2007	16/05/2008	07/05/2009	French	PDF
Full model	31/12/2006	18/05/2007	19/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

RICHARD CHIU

Director · since 01 juin 2024 · until 30 mai 2030

Active

CLARE CHIU

Director · since 30 juin 2021 · until 30 mai 2027

Active

STEPHEN LINCH

Director · since 30 juin 2021 · until 30 mai 2027

Active

Ended mandates

CLAIRE CHIU

Director · since 30 juin 2021 · until 30 mai 2027

Ended

ERIC SOUKIASSIAN

Director · since 19 mai 2018 · until 18 mai 2024

Ended

LOUIS VANHEUSDEN

Director · since 19 mai 2018 · until 18 mai 2024

Ended

RICHARD CHIU

Director · since 19 mai 2018 · until 18 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2022
DEMISSIONS, NOMINATIONS
PDF
Other23/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,6 M €↑
06/05/2025
reconductionAlain Vanbinst — délégué à la gestion journalière
06/05/2025
reconductionLaurent Dupont — délégué à la gestion journalière
06/05/2025
reconductionCécile Charbonnier — délégué à la gestion journalière
2024
Annual accounts 2024881,1 k €↓
02/10/2024
nominationCécile Charbonnier — délégué à la gestion journalière
30/05/2024
reconductionRichard Chiu — administrateur du Président
30/05/2024
nominationFigurad Bedrijfsrevisoren BV — commissaire
2023
Annual accounts 20231,6 M €↓
28/06/2023
nominationAlain Vanbinst — délégué à la gestion journalière
28/06/2023
nominationLaurent Dupont — délégué à la gestion journalière
28/06/2023
nominationEric Soukiassian — délégué à la gestion journalière
2022
Annual accounts 20221,7 M €↑
08/07/2022
nominationEric Soukiassian — Mandataire
06/05/2022
nominationAlain Vanbinst — mandataire spécial
06/05/2022
nominationLaurent Dupont — mandataire spécial
06/05/2022
nominationEric Soukiassian — mandataire spécial
06/05/2022
nominationJasbir Singh — mandataire spécial
2021
Annual accounts 2021-1 M €↑
2020
Annual accounts 2020-4 M €↓
2019
Annual accounts 20192,4 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017-19,2 k €↑
2016
Annual accounts 2016-802,6 k €↓
2015
Annual accounts 2015349 k €↓
2014
Annual accounts 20146,6 M €↑
2013
Annual accounts 2013-2 M €↓
2012
Annual accounts 2012-2 M €↓
2011
Annual accounts 20116,1 M €↑
2010
Annual accounts 2010-875,1 k €↑
2009
Annual accounts 2009-2,1 M €↓
2008
Annual accounts 20082,6 M €↑
2007
Annual accounts 20071,4 M €↑
2006
Annual accounts 2006617,8 k €
09/02/1970
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Royal Warwick

Overview

What does Royal Warwick do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline