T.B.W.A.
0414.235.827 · rovalta.com · 25/09/2026
ACTIVE
T.B.W.A.
Financial year 2024 · Closed on 31/12/2024
Net result1,8 M €-28,9 %over 1 year
Revenue32,2 M €+5,2 %over 1 year
Equity505,1 k €+4,3 %over 1 year
Workforce83,6 ETP-12,4 %over 1 year
Overview
Identity
Source · BCE/KBOT.B.W.A. is a Public limited company incorporated in 1974. Its registered office is in Zaventem. It employs on average 83,6 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0414.235.827
- Incorporation
- 25/04/1974
- Legal form
- Public limited company
- Registered office
- Excelsiorlaan 75-77
1930 Zaventem · FlandreSee on map - Contributed capital
- 436 000,00 €
- Latest accounts
- 31/12/2024
- Average workforce
- 83,6 ETP
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 19 filingsTrend over 17 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 32,2 M € | +5.2% | 30,6 M € | -16.5% | 36,7 M € | -1.9% | 37,4 M € | +0.7% | 37,1 M € |
| EBITDA | 3,1 M € | -29.0% | 4,3 M € | +96.7% | 2,2 M € | +43.8% | 1,5 M € | -39.4% | 2,5 M € |
| Operating result | 2,5 M € | -30.5% | 3,6 M € | +138% | 1,5 M € | +63.0% | 935,5 k € | -40.5% | 1,6 M € |
| Net result | 1,8 M € | -28.9% | 2,5 M € | +158% | 967 k € | +89.6% | 510,1 k € | -47.9% | 979,3 k € |
| Balance sheet | |||||||||
| Equity | 505,1 k € | +4.3% | 484,1 k € | -2.0% | 493,9 k € | -14.4% | 576,9 k € | +1.8% | 566,8 k € |
| Total assets | 25,3 M € | -12.2% | 28,8 M € | +23.1% | 23,4 M € | -21.7% | 29,9 M € | +0.4% | 29,8 M € |
| Cash | 4,2 k € | -53.5% | 9 k € | +30.3% | 6,9 k € | -6.6% | 7,4 k € | +13.8% | 6,5 k € |
| Debts | 24,5 M € | -12.5% | 28 M € | +24.3% | 22,5 M € | -22.3% | 29 M € | -0.7% | 29,2 M € |
| Other | |||||||||
| Workforce | 83,6 ETP | -12.4% | 95,4 ETP | -10.1% | 106,1 ETP | -3.8% | 110,3 ETP | -7.7% | 119,5 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202419 active · 91 ended
Active mandates
Marieke Michils
ActiveActive
Active
Active
Geert Verdonck
ActiveJasper Govaerts
ActiveMaximiliaan Fauconnier
ActiveBert Denis
ActiveFrank Marinus
ActiveGunther Van Lany
ActiveJan Macken
ActiveJeroen Bostoen
ActiveJochen De Greef
ActiveKris Govaerts
ActiveKristof Janssens
ActiveNancy Vanlerberghe
ActiveStephanie Vercruysse
ActiveSylvie Dewaele
ActiveEnded mandates
Geert Verdonck
EndedJasper Govaerts
EndedJasper Govaerts
EndedMaximiliaan Fauconnier
EndedOther companies at this address
Excelsiorlaan 75-77 1930 Zaventem| Company | CBE no. |
|---|---|
Cardinia Belgium● Active | 1002.943.970 |
DDB● Active | 0412.130.828 |
MARKETING en ENTERTAINMENT● Active | 0459.390.317 |
| 0444.878.226 | |
Perfect Workforce● Active | 0865.383.520 |
WORKING COMPANY● Active | 0867.032.817 |
Financials
Full financial information
Source · NBB| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 04/06/2025 | 29/05/2024 | 02/06/2023 | 09/05/2022 | 25/05/2021 | 20/05/2020 |
| General meeting | 13/05/2025 | 14/05/2024 | 16/05/2023 | 26/04/2022 | 27/04/2021 | 28/04/2020 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 19 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2024 | 13/05/2025 | 04/06/2025 | Dutch | |
| Full model | 31/12/2023 | 14/05/2024 | 29/05/2024 | Dutch | |
| Full model | 31/12/2022 | 16/05/2023 | 02/06/2023 | Dutch | |
| Full model | 31/12/2021 | 26/04/2022 | 09/05/2022 | Dutch | |
| Full model | 31/12/2020 | 27/04/2021 | 25/05/2021 | Dutch | |
| Full model | 31/12/2019 | 28/04/2020 | 20/05/2020 | Dutch | |
| Full model | 31/12/2018 | 23/04/2019 | 22/05/2019 | Dutch | |
| Full model | 31/12/2017 | 24/04/2018 | 15/05/2018 | Dutch | |
| Full model | 31/12/2016 | 25/04/2017 | 10/05/2017 | Dutch | |
| Full model | 31/12/2015 | 26/04/2016 | 10/05/2016 | Dutch | |
| Full model | 31/12/2014 | 28/04/2015 | 20/05/2015 | Dutch | |
| Full model | 31/12/2013 | 22/04/2014 | 29/04/2014 | Dutch | |
| Full model | 31/12/2012 | 23/04/2013 | 17/05/2013 | Dutch | |
| Full model | 31/12/2011 | 24/04/2012 | 06/06/2012 | Dutch | |
| Full model | 31/12/2010 | 26/04/2011 | 17/05/2011 | French | |
| Full model | 31/12/2009 | 27/04/2010 | 29/06/2010 | French | |
| Full model | 31/12/2008 | 28/04/2009 | 26/06/2009 | French | |
| Full model | 31/12/2007 | 22/04/2008 | 24/09/2008 | Dutch | |
| Full model | 31/12/2006 | 24/04/2007 | 27/06/2007 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202419 active · 91 ended
Active mandates
Marieke Michils
ActiveActive
Active
Active
Geert Verdonck
ActiveJasper Govaerts
ActiveMaximiliaan Fauconnier
ActiveBert Denis
ActiveFrank Marinus
ActiveGunther Van Lany
ActiveJan Macken
ActiveJeroen Bostoen
ActiveJochen De Greef
ActiveKris Govaerts
ActiveKristof Janssens
ActiveNancy Vanlerberghe
ActiveStephanie Vercruysse
ActiveSylvie Dewaele
ActiveEnded mandates
Geert Verdonck
EndedJasper Govaerts
EndedJasper Govaerts
EndedMaximiliaan Fauconnier
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates21/09/2026ONTSLAGEN, BENOEMINGEN
- Mandates17/09/2026ONTSLAGEN, BENOEMINGEN
- Mandates08/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates28/04/2025ONTSLAGEN - BENOEMINGEN
- Mandates02/12/2024ONTSLAGEN - BENOEMINGEN
- Mandates03/09/2024ONTSLAGEN - BENOEMINGEN
- Other15/05/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 20241,8 M €↓
- 2023Annual accounts 20232,5 M €↑
- 2022Annual accounts 2022967 k €↑
- 2021Annual accounts 2021510,1 k €↓
- 2021Name changeTBWA
- 2020Annual accounts 2020979,3 k €↑
- 2019Annual accounts 2019847,4 k €↓
- 2018Annual accounts 20181,4 M €↑
- 2017Annual accounts 2017746,4 k €↑
- 2016Annual accounts 201639 k €↓
- 2015Annual accounts 201557,9 k €↓
- 2014Annual accounts 2014830,6 k €↑
- 2013Annual accounts 2013820,4 k €↓
- 2012Annual accounts 20121,4 M €↓
- 2011Annual accounts 20111,5 M €↓
- 2010Annual accounts 20101,6 M €↓
- 2009Annual accounts 20091,9 M €↓
- 2008Annual accounts 20082,5 M €
- 2008Name changeT.B.W.A.
- 25/04/1974IncorporationPublic limited company