CWT BELGIUM
0417.290.040 · rovalta.com · 24/09/2026
ACTIVE
CWT BELGIUM
Financial year 2025 · closed on 31/12/2025
Net result
-3,6 M €
-14.7% YoY
Revenue
7,3 M €
-6.7% YoY
Equity
-43,7 k €
-101.2% YoY
Workforce
118,3 ETP
-3.8% YoY
Overview
What does CWT BELGIUM do?
CWT BELGIUM is a Private limited company incorporated in 1977. Its registered office is in Saint-Josse-ten-Noode. It employs on average 118,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0417.290.040
Incorporation
19/04/1977
Legal form
Private limited company
Registered office
Avenue du Boulevard 21
1210 Saint-Josse-ten-Noode · BruxellesSee on map
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
18 289 953,00 €
Latest accounts
31/12/2025
Average workforce
118,3 ETP
Joint committees (2)
- 200
- 218
Signals
Good liquidityHealthy social debtsHigh revenue
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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 | 7,3 M € | -6.7% | 7,8 M € | -27.6% | 10,8 M € | +17.2% | 9,2 M € | +51.6% | 6,1 M € | -8.5% | 6,7 M € | -57.8% | 15,8 M € | +30.6% | 12,1 M € | -6.8% | 13 M € | -8.2% | 14,1 M € | -10.1% | 15,7 M € | -10.8% | 17,6 M € | -13.8% | 20,4 M € | -6.6% | 21,9 M € | -9.8% | 24,3 M € | -92.3% | 316,4 M € | -4.7% | 331,9 M € | -26.8% | 453,4 M € | +19.9% | 378,3 M € | +14.9% | 329,1 M € |
| EBITDA | -3,7 M € | -1.3% | -3,7 M € | +49.4% | -7,2 M € | -42.6% | -5,1 M € | -1.4% | -5 M € | +2.2% | -5,1 M € | -122% | -2,3 M € | -126% | -1 M € | +67.0% | -3,1 M € | +37.3% | -4,9 M € | -111% | -2,3 M € | -116% | -1,1 M € | +78.9% | -5,1 M € | -3209% | 164,7 k € | -77.0% | 715,6 k € | -22.8% | 926,4 k € | +92.1% | 482,2 k € | -41.1% | 819,1 k € | -77.3% | 3,6 M € | +23.4% | 2,9 M € |
| Operating result | -3,4 M € | -25.0% | -2,7 M € | +61.0% | -7 M € | -63.0% | -4,3 M € | +8.1% | -4,7 M € | +13.2% | -5,4 M € | -129% | -2,3 M € | -94.4% | -1,2 M € | +64.1% | -3,4 M € | +35.2% | -5,2 M € | -108% | -2,5 M € | -93.4% | -1,3 M € | +75.5% | -5,2 M € | -210603% | -2,5 k € | -101% | 466,5 k € | -33.6% | 702,9 k € | +307% | 172,7 k € | -69.7% | 570,3 k € | -80.4% | 2,9 M € | -4.2% | 3 M € |
| Net result | -3,6 M € | -14.7% | -3,2 M € | +56.5% | -7,3 M € | -54.6% | -4,7 M € | +2.0% | -4,8 M € | +13.0% | -5,5 M € | -94.3% | -2,8 M € | -80.9% | -1,6 M € | +59.3% | -3,9 M € | +30.7% | -5,6 M € | -83.1% | -3 M € | -66.8% | -1,8 M € | +68.8% | -5,9 M € | -886% | -593,7 k € | -6338% | 9,5 k € | -96.5% | 273,9 k € | +223% | -223,3 k € | -115% | 1,5 M € | -52.8% | 3,2 M € | -8.2% | 3,5 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | -43,7 k € | -101% | 3,6 M € | +211% | -3,2 M € | -180% | 4,1 M € | +337% | -1,7 M € | -156% | 3,1 M € | -14.6% | 3,6 M € | +83.9% | 2 M € | -44.4% | 3,5 M € | +270% | -2,1 M € | -536% | 480,2 k € | -86.4% | 3,5 M € | -34.1% | 5,3 M € | -13.7% | 6,2 M € | -8.7% | 6,8 M € | -22.7% | 8,8 M € | -16.4% | 10,5 M € | -2.1% | 10,7 M € | +4.4% | 10,3 M € | +44.7% | 7,1 M € |
| Total assets | 6 M € | -40.9% | 10,1 M € | +56.9% | 6,4 M € | -51.0% | 13,2 M € | +47.5% | 8,9 M € | -39.1% | 14,6 M € | -16.6% | 17,6 M € | +11.1% | 15,8 M € | -17.7% | 19,2 M € | +31.9% | 14,6 M € | -21.9% | 18,7 M € | -16.6% | 22,4 M € | -32.3% | 33,1 M € | -4.0% | 34,4 M € | -15.4% | 40,7 M € | -6.3% | 43,4 M € | -8.2% | 47,3 M € | -23.6% | 61,9 M € | +3.3% | 59,9 M € | +19.7% | 50 M € |
| Cash | 84,6 k € | +48.3% | 57,1 k € | -70.3% | 192 k € | -30.9% | 277,8 k € | +96.9% | 141,1 k € | +40792% | 345,1 € | -99.9% | 242,3 k € | +37.5% | 176,2 k € | -32.4% | 260,5 k € | -76.6% | 1,1 M € | +47.8% | 753,3 k € | +44.2% | 522,5 k € | -77.5% | 2,3 M € | +95.2% | 1,2 M € | -10.8% | 1,3 M € | -2.9% | 1,4 M € | -41.6% | 2,4 M € | +40.4% | 1,7 M € | -73.2% | 6,3 M € | +777% | 714,2 k € |
| Debts | 4,1 M € | -3.3% | 4,3 M € | -35.8% | 6,6 M € | -8.6% | 7,3 M € | -11.5% | 8,2 M € | -7.6% | 8,9 M € | -18.6% | 10,9 M € | +5.6% | 10,3 M € | -12.0% | 11,7 M € | -2.8% | 12,1 M € | -9.9% | 13,4 M € | -7.8% | 14,5 M € | -35.9% | 22,7 M € | -10.7% | 25,4 M € | -18.5% | 31,1 M € | -4.0% | 32,4 M € | -5.0% | 34,1 M € | -29.0% | 48,1 M € | +2.9% | 46,7 M € | +17.4% | 39,8 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 118,3 ETP | -3.8% | 123,0 ETP | -11.6% | 139,1 ETP | -7.9% | 151,1 ETP | -10.0% | 167,8 ETP | -6.2% | 178,8 ETP | -8.3% | 195,0 ETP | +26.4% | 154,3 ETP | -12.5% | 176,4 ETP | -17.6% | 214,1 ETP | -13.4% | 247,2 ETP | -7.0% | 265,8 ETP | -11.4% | 299,9 ETP | -5.1% | 316,0 ETP | -8.0% | 343,4 ETP | -2.3% | 351,4 ETP | -19.8% | 438,0 ETP | -9.5% | 484,2 ETP | -6.2% | 516,0 ETP | +12.7% | 457,9 ETP |
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 33 ended
Active mandates
Benjamin Pascal GRAULICH
ActiveJan Hendrik LATENSTEIN VAN VOORST
ActiveEnded mandates
Benjamin Pascal GRAULICH
EndedJan Hendrik LATENSTEIN VAN VOORST
EndedCatherine Maguire-Vielle
EndedCatherine MAGUIRE-VIELLE
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ACCESS IMMO● Active | 0874.730.855 |
| 0784.322.697 | |
Ageas Finance● Active | 1020.570.751 |
Ageas Insurance International NV● Active | 0718.677.849 |
| 1012.346.141 | |
ageas SA/NV● Active | 0451.406.524 |
AIREON BELGIUM● Active | 0695.848.603 |
Anaplan Belgium● Active | 0779.342.738 |
ANNE FONTAINE● Bankrupt | 0461.273.996 |
ASQUARE & PARTNERS● Active | 0553.636.507 |
| 0850.206.483 | |
ATLAS Shoes● Active | 1041.620.345 |
Avance Consulting Belgium● Active | 0801.277.606 |
AV LEX● Active | 1002.537.560 |
Baker McKenzie● Active | 0426.100.511 |
BE HAPPY GROUP● Active | 0775.302.885 |
BELDANE● Active | 0879.413.579 |
BELGOCATERING● Active | 0461.784.435 |
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BIJOU BRIGITTE● Active | 0830.652.174 |
Financials
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 | 09/07/2026 | 03/07/2025 | 02/07/2024 | 23/10/2023 | 27/10/2022 | 31/12/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 24/06/2024 | 20/10/2023 | 24/10/2022 | 30/12/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
40 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/06/2026 | 09/07/2026 | French | |
| Full model | 31/12/2025 | 30/06/2026 | 09/07/2026 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 03/07/2025 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 03/07/2025 | French | |
| Full model | 31/12/2023 | 24/06/2024 | 02/07/2024 | Dutch | |
| Full model | 31/12/2023 | 24/06/2024 | 01/07/2024 | French | |
| Full model | 31/12/2022 | 20/10/2023 | 23/10/2023 | French | |
| Full model | 31/12/2022 | 20/10/2023 | 23/10/2023 | Dutch | |
| Full model | 31/12/2021 | 24/10/2022 | 27/10/2022 | French | |
| Full model | 31/12/2021 | 24/10/2022 | 27/10/2022 | Dutch | |
| Full model | 31/12/2020 | 30/12/2021 | 31/12/2021 | French | |
| Full model | 31/12/2020 | 30/12/2021 | 31/12/2021 | Dutch | |
| Full model | 31/12/2019 | 08/09/2020 | 01/10/2020 | French | |
| Full model | 31/12/2019 | 08/09/2020 | 01/10/2020 | Dutch | |
| Full model | 31/12/2018 | 21/05/2019 | 28/05/2019 | Dutch | |
| Full model | 31/12/2018 | 21/05/2019 | 28/05/2019 | French | |
| Full model | 31/12/2017 | 15/05/2018 | 30/05/2018 | French | |
| Full model | 31/12/2017 | 15/05/2018 | 30/05/2018 | Dutch | |
| Full model | 31/12/2016 | 16/05/2017 | 23/05/2017 | French | |
| Full model | 31/12/2016 | 16/05/2017 | 23/05/2017 | Dutch | |
| Full model | 31/12/2015 | 17/05/2016 | 03/06/2016 | Dutch | |
| Full model | 31/12/2015 | 17/05/2016 | 03/06/2016 | French | |
| Full model | 31/12/2014 | 19/05/2015 | 02/06/2015 | Dutch | |
| Full model | 31/12/2014 | 19/05/2015 | 02/06/2015 | French |
Valuation
Estimate
Indicative valuation
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 33 ended
Active mandates
Benjamin Pascal GRAULICH
ActiveJan Hendrik LATENSTEIN VAN VOORST
ActiveEnded mandates
Benjamin Pascal GRAULICH
EndedJan Hendrik LATENSTEIN VAN VOORST
EndedCatherine Maguire-Vielle
EndedCatherine MAGUIRE-VIELLE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office17/09/2026Transfert du siège - Procuration spéciale
- Mandates13/11/2025DEMISSIONS, NOMINATIONS
- Capital / shares27/12/2024KAPITAAL - AANDELEN
- Capital / shares27/12/2024CAPITAL, ACTIONS
- Registered office25/09/2024MAATSCHAPPELIJKE ZETEL
- Registered office25/09/2024SIEGE SOCIAL
- Other30/08/2024DIVERS
- Other30/08/2024DIVERS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-3,6 M €↓
- 30/06/2025reconductionCarl Laschet — Commissaire aux comptes
- 2024Annual accounts 2024-3,2 M €↑
- 13/12/2024augmentation_capital
- 2023Annual accounts 2023-7,3 M €↓
- 2022Annual accounts 2022-4,7 M €↑
- 16/12/2022reduction_capital
- 01/01/2022nominationCarl Laschet — représentant permanent du commissaire aux comptes
- 2021Annual accounts 2021-4,8 M €↑
- 11/02/2021demissionMichelle Versteijne-Ton — délégation de pouvoirs (Ressources Humaines)
- 2020Annual accounts 2020-5,5 M €↓
- 2019Annual accounts 2019-2,8 M €↓
- 2018Annual accounts 2018-1,6 M €↑
- 2017Annual accounts 2017-3,9 M €↑
- 2016Annual accounts 2016-5,6 M €↓
- 2015Annual accounts 2015-3 M €↓
- 2014Annual accounts 2014-1,8 M €↑
- 2013Annual accounts 2013-5,9 M €↓
- 2012Annual accounts 2012-593,7 k €↓
- 2011Annual accounts 20119,5 k €↓
- 2010Annual accounts 2010273,9 k €↑
- 2009Annual accounts 2009-223,3 k €↓
- 2008Annual accounts 20081,5 M €↓
- 2007Annual accounts 20073,2 M €↓
- 2006Annual accounts 20063,5 M €
- 19/04/1977IncorporationPrivate limited company