ACTIVE

CWT BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-3,6 M €-14,7 %over 1 year
Revenue7,3 M €-6,7 %over 1 year
Equity-43,7 k €-101,2 %over 1 year
Workforce118,3 ETP-3,8 %over 1 year

Identity

Source · BCE/KBO

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
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

Financials

Source · NBB, 40 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue7,3 M €7,8 M €10,8 M €9,2 M €6,1 M €
EBITDA-3,7 M €-3,7 M €-7,2 M €-5,1 M €-5 M €
Operating result-3,4 M €-2,7 M €-7 M €-4,3 M €-4,7 M €
Net result-3,6 M €-3,2 M €-7,3 M €-4,7 M €-4,8 M €
Balance sheet
Equity-43,7 k €3,6 M €-3,2 M €4,1 M €-1,7 M €
Total assets6 M €10,1 M €6,4 M €13,2 M €8,9 M €
Cash84,6 k €57,1 k €192 k €277,8 k €141,1 k €
Debts4,1 M €4,3 M €6,6 M €7,3 M €8,2 M €
Other
Workforce118,3 ETP123,0 ETP139,1 ETP151,1 ETP167,8 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 33 ended

Active mandates

Benjamin Pascal GRAULICH

Mandate

Active
Jan Hendrik LATENSTEIN VAN VOORST

Mandate

Active

Ended mandates

Benjamin Pascal GRAULICH

Director · since 22 mars 2022 · until 18 mai 2027

Ended
Jan Hendrik LATENSTEIN VAN VOORST

Director · since 22 mars 2022 · until 18 mai 2027

Ended
Catherine Maguire-Vielle

Director · since 21 juin 2021

Ended
Catherine MAGUIRE-VIELLE

Director · since 21 juin 2021 · until 22 mars 2022

Ended

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Avenue du Boulevard 21 1210 Saint-Josse-ten-Noode
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AIREON BELGIUM● Active
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ANNE FONTAINE● Bankrupt
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ASQUARE & PARTNERS● Active
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ASSOC COPROPRIETAIRES DU MANHATTAN CENTER -AVENUE DU BOULEVARD,21 Bte 24 1210 Bruxelles● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
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 date09/07/202603/07/202502/07/202423/10/202327/10/202231/12/2021
General meeting30/06/202630/06/202524/06/202420/10/202324/10/202230/12/2021
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, 40 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202609/07/2026FrenchPDF
Full model31/12/202530/06/202609/07/2026DutchPDF
Full model31/12/202430/06/202503/07/2025DutchPDF
Full model31/12/202430/06/202503/07/2025FrenchPDF
Full model31/12/202324/06/202402/07/2024DutchPDF
Full model31/12/202324/06/202401/07/2024FrenchPDF
Full model31/12/202220/10/202323/10/2023FrenchPDF
Full model31/12/202220/10/202323/10/2023DutchPDF
Full model31/12/202124/10/202227/10/2022FrenchPDF
Full model31/12/202124/10/202227/10/2022DutchPDF
Full model31/12/202030/12/202131/12/2021FrenchPDF
Full model31/12/202030/12/202131/12/2021DutchPDF
Full model31/12/201908/09/202001/10/2020FrenchPDF
Full model31/12/201908/09/202001/10/2020DutchPDF
Full model31/12/201821/05/201928/05/2019DutchPDF
Full model31/12/201821/05/201928/05/2019FrenchPDF
Full model31/12/201715/05/201830/05/2018FrenchPDF
Full model31/12/201715/05/201830/05/2018DutchPDF
Full model31/12/201616/05/201723/05/2017FrenchPDF
Full model31/12/201616/05/201723/05/2017DutchPDF
Full model31/12/201517/05/201603/06/2016DutchPDF
Full model31/12/201517/05/201603/06/2016FrenchPDF
Full model31/12/201419/05/201502/06/2015DutchPDF
Full model31/12/201419/05/201502/06/2015FrenchPDF
Full model31/12/201320/05/201423/06/2014DutchPDF
Full model31/12/201320/05/201423/06/2014FrenchPDF
Full model31/12/201221/05/201305/06/2013DutchPDF
Full model31/12/201221/05/201305/06/2013FrenchPDF
Full model31/12/201115/05/201221/05/2012DutchPDF
Full model31/12/201115/05/201221/05/2012FrenchPDF
Full model31/12/201017/05/201106/06/2011DutchPDF
Full model31/12/201017/05/201106/06/2011FrenchPDF
Full model31/12/200918/05/201002/06/2010DutchPDF
Full model31/12/200918/05/201002/06/2010FrenchPDF
Full model31/12/200819/05/200928/05/2009DutchPDF
Full model31/12/200819/05/200928/05/2009FrenchPDF
Full model31/12/200720/05/200826/05/2008FrenchPDF
Consolidated accounts31/12/200720/05/200826/05/2008FrenchPDF
Full model31/12/200615/05/200701/06/2007FrenchPDF
Consolidated accounts31/12/200629/11/200721/12/2007FrenchPDF

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.

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 · 33 ended

Active mandates

Benjamin Pascal GRAULICH

Mandate

Active
Jan Hendrik LATENSTEIN VAN VOORST

Mandate

Active

Ended mandates

Benjamin Pascal GRAULICH

Director · since 22 mars 2022 · until 18 mai 2027

Ended
Jan Hendrik LATENSTEIN VAN VOORST

Director · since 22 mars 2022 · until 18 mai 2027

Ended
Catherine Maguire-Vielle

Director · since 21 juin 2021

Ended
Catherine MAGUIRE-VIELLE

Director · since 21 juin 2021 · until 22 mars 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office17/09/2026
    Transfert du siège - Procuration spéciale
    PDF
  • Mandates13/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares27/12/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares27/12/2024
    CAPITAL, ACTIONS
    PDF
  • Registered office25/09/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office25/09/2024
    SIEGE SOCIAL
    PDF
  • Other30/08/2024
    DIVERS
    PDF
  • Other30/08/2024
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-3,6 M €↓
  2. 30/06/2025
    reconductionCarl Laschet — Commissaire aux comptes
  3. 2024
    Annual accounts 2024-3,2 M €↑
  4. 13/12/2024
    augmentation_capital
  5. 2023
    Annual accounts 2023-7,3 M €↓
  6. 2022
    Annual accounts 2022-4,7 M €↑
  7. 16/12/2022
    reduction_capital
  8. 01/01/2022
    nominationCarl Laschet — représentant permanent du commissaire aux comptes
  9. 2021
    Annual accounts 2021-4,8 M €↑
  10. 11/02/2021
    demissionMichelle Versteijne-Ton — délégation de pouvoirs (Ressources Humaines)
  11. 2020
    Annual accounts 2020-5,5 M €↓
  12. 2019
    Annual accounts 2019-2,8 M €↓
  13. 2018
    Annual accounts 2018-1,6 M €↑
  14. 2017
    Annual accounts 2017-3,9 M €↑
  15. 2016
    Annual accounts 2016-5,6 M €↓
  16. 2015
    Annual accounts 2015-3 M €↓
  17. 2014
    Annual accounts 2014-1,8 M €↑
  18. 2013
    Annual accounts 2013-5,9 M €↓
  19. 2012
    Annual accounts 2012-593,7 k €↓
  20. 2011
    Annual accounts 20119,5 k €↓
  21. 2010
    Annual accounts 2010273,9 k €↑
  22. 2009
    Annual accounts 2009-223,3 k €↓
  23. 2008
    Annual accounts 20081,5 M €↓
  24. 2007
    Annual accounts 20073,2 M €↓
  25. 2006
    Annual accounts 20063,5 M €
  26. 19/04/1977
    IncorporationPrivate limited company