ACTIVE

S-WORKS

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Financial year 2025 · closed on 30/09/2025

Net result

746,2 k €

-58.2% YoY

Revenue

2,5 M €

-5.2% YoY

Equity

9 M €

+8.4% YoY

Workforce

3,0 ETP

0.0% YoY

What does S-WORKS do?

S-WORKS is a Public limited company incorporated in 1984. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Wingene. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.844.837

Incorporation

27/12/1984

Legal form

Public limited company

Registered office

Beernemsteenweg 61
8750 Wingene · FlandreSee on map

Contributed capital

160 000,00 €

Latest accounts

30/09/2025

Average workforce

3,0 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 49410Freight transport by road 49410Freight transport by road 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate+2

Joint committees (3)

14003
226
22600

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,5 M €	-5.2%	2,6 M €	-6.2%	2,8 M €	-18.6%	3,4 M €	+32.1%	2,6 M €	-6.6%	2,8 M €	-14.2%	3,2 M €	-5.7%	3,4 M €	+4.7%	3,3 M €	+401%	652,2 k €	-5.8%	692,6 k €	+4.5%	663 k €	-42.5%	1,2 M €	+255%	325,1 k €	-44.8%	588,7 k €	+37.5%	428,2 k €	-14.6%	501,3 k €	+8.8%	460,7 k €		–
EBITDA	594,5 k €	+32.9%	447,3 k €	+257%	-285 k €	-138%	740,6 k €	+106%	358,9 k €	-51.5%	739,9 k €	+3.2%	717,1 k €	-1.2%	725,6 k €	+3.2%	702,8 k €	+63.1%	430,9 k €	-21.2%	546,9 k €	+6.4%	513,9 k €	-47.7%	982,3 k €	+24.0%	792,4 k €	+61.4%	491 k €	+84.5%	266,2 k €	-10.3%	296,7 k €	-20.0%	370,9 k €	+32.6%	279,8 k €
Operating result	459,8 k €	+39.2%	330,2 k €	+184%	-391,4 k €	-164%	608,1 k €	+131%	262,8 k €	-54.4%	576,5 k €	+19.4%	482,7 k €	-6.8%	517,9 k €	+3.9%	498,5 k €	+129%	217,3 k €	-29.5%	308,2 k €	-5.3%	325,5 k €	-60.2%	818 k €	+30.7%	625,8 k €	+72.0%	363,9 k €	+109%	173,7 k €	-16.5%	208 k €	-26.0%	281,2 k €	+54.5%	182,1 k €
Net result	746,2 k €	-58.2%	1,8 M €	+311%	-846,1 k €	-273%	488,2 k €	+8.5%	449,8 k €	+25.2%	359,4 k €	-31.0%	520,6 k €	-76.4%	2,2 M €	+642%	297,8 k €	+50369%	590 €	-99.9%	424,2 k €	+340%	-176,9 k €	-302%	87,5 k €	+226%	-69,5 k €	-110%	705,7 k €	+76.7%	399,3 k €	+371%	84,7 k €	-39.2%	139,4 k €	+66.9%	83,5 k €
Balance sheet
Equity	9 M €	+8.4%	8,3 M €	+26.5%	6,6 M €	-11.4%	7,4 M €	+6.6%	7 M €	+6.7%	6,5 M €	+5.8%	6,2 M €	+9.2%	5,6 M €	+65.1%	3,4 M €	+27.5%	2,7 M €	+0.0%	2,7 M €	+18.8%	2,3 M €	-7.3%	2,4 M €	+3.7%	2,3 M €	-2.9%	2,4 M €	+41.3%	1,7 M €	+30.5%	1,3 M €	+138%	549,5 k €	+34.0%	410,2 k €
Total assets	14,4 M €	+13.5%	12,7 M €	+27.2%	10 M €	-1.4%	10,1 M €	+2.7%	9,8 M €	-1.8%	10 M €	-1.5%	10,2 M €	+17.9%	8,6 M €	-31.0%	12,5 M €	-3.2%	12,9 M €	+10.1%	11,7 M €	+19.9%	9,8 M €	+19.1%	8,2 M €	-0.1%	8,2 M €	+0.3%	8,2 M €	+51.2%	5,4 M €	+45.9%	3,7 M €	+25.8%	3 M €	+38.4%	2,1 M €
Cash	218,1 k €	+115%	101,4 k €	-76.0%	422,2 k €	+220%	132,1 k €	+1439%	8,6 k €	-98.4%	539,5 k €	+140126%	384,8 €	-93.5%	5,9 k €	-98.3%	353,8 k €	+732%	42,5 k €	+344%	9,6 k €	-26.9%	13,1 k €	-97.7%	564,2 k €	-33.7%	851,2 k €	+20.9%	704,4 k €	+270%	190,5 k €	+2212%	8,2 k €		–		6,3 k €
Debts	5,2 M €	+24.1%	4,2 M €	+30.7%	3,2 M €	+30.7%	2,4 M €	-6.9%	2,6 M €	-18.1%	3,2 M €	-13.2%	3,7 M €	+39.3%	2,6 M €	-61.4%	6,8 M €	-15.5%	8,1 M €	-0.3%	8,1 M €	+14.1%	7,1 M €	+30.5%	5,5 M €	-3.2%	5,6 M €	+1.5%	5,6 M €	+57.4%	3,5 M €	+52.6%	2,3 M €	-3.7%	2,4 M €	+39.5%	1,7 M €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	+11.1%	2,7 ETP	+35.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP	-60.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+400%	0,2 ETP		–		–		–		–		0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 17 ended

Active mandates

Katrien Goemaere

Director · since 03 mars 2010 · until 28 mars 2029

Active

Kris Callewaert

Managing director · since 03 mars 2010 · until 28 mars 2029

Active

Ended mandates

Katrien Goemaere

Director · since 02 mars 2016 · until 02 mars 2022

Ended

Kris Callewaert

Managing director · since 02 mars 2016 · until 02 mars 2022

Ended

Katrien Goemaere

Director · since 03 mars 2010 · until 03 mars 2016

Ended

Katrien Goemaere

Director · since 03 mars 2010 · until 02 mars 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Allévi Invest● Active	0780.828.620
CALLEWAERT PALLETS● Active	0405.214.629
ECO LOGIX● Active	0829.283.682
OROTRA● Active	0450.414.154
OROTRA LOGISTICS● Active	1036.516.759

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	30/04/2024	28/04/2023	28/04/2022	30/04/2021
General meeting	31/03/2026	31/03/2025	30/03/2024	31/03/2023	31/03/2022	31/03/2021
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	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Full model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Full model	30/09/2023	30/03/2024	30/04/2024	Dutch	PDF
Full model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Full model	30/09/2021	31/03/2022	28/04/2022	Dutch	PDF
Full model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Full model	30/09/2019	31/03/2020	31/03/2020	Dutch	PDF
Full model	30/09/2018	30/03/2019	30/04/2019	Dutch	PDF
Full model	30/09/2017	31/03/2018	30/04/2018	Dutch	PDF
Full model	30/09/2016	31/03/2017	27/04/2017	Dutch	PDF
Full model	30/09/2015	31/03/2016	08/04/2016	Dutch	PDF
Full model	30/09/2014	30/03/2015	31/03/2015	Dutch	PDF
Full model	30/09/2013	31/03/2014	30/04/2014	Dutch	PDF
Full model	30/09/2012	30/03/2013	15/04/2013	Dutch	PDF
Full model	30/09/2011	31/03/2012	12/04/2012	Dutch	PDF
Full modelCorrection	30/09/2010	02/03/2011	20/04/2011	Dutch	PDF
Full model	30/09/2010	02/03/2011	11/03/2011	Dutch	PDF
Full model	30/09/2009	03/03/2010	24/03/2010	Dutch	PDF
Full model	30/09/2008	04/03/2009	05/03/2009	Dutch	PDF
Full model	30/09/2007	05/03/2008	11/03/2008	Dutch	PDF
Abridged model	30/09/2006	07/03/2007	23/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 2 active · 17 ended

Active mandates

Katrien Goemaere

Director · since 03 mars 2010 · until 28 mars 2029

Active

Kris Callewaert

Managing director · since 03 mars 2010 · until 28 mars 2029

Active

Ended mandates

Katrien Goemaere

Director · since 02 mars 2016 · until 02 mars 2022

Ended

Kris Callewaert

Managing director · since 02 mars 2016 · until 02 mars 2022

Ended

Katrien Goemaere

Director · since 03 mars 2010 · until 03 mars 2016

Ended

Katrien Goemaere

Director · since 03 mars 2010 · until 02 mars 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/03/2006
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2003
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2003
ONTSLAGEN - BENOEMINGEN
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 2025746,2 k €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023-846,1 k €↓
2022
Annual accounts 2022488,2 k €↑
2021
Annual accounts 2021449,8 k €↑
2020
Annual accounts 2020359,4 k €↓
2019
Annual accounts 2019520,6 k €↓
2018
Annual accounts 20182,2 M €↑
2017
Annual accounts 2017297,8 k €↑
2015
Annual accounts 2015590 €↓
2014
Annual accounts 2014424,2 k €↑
2013
Annual accounts 2013-176,9 k €↓
2012
Annual accounts 201287,5 k €↑
2011
Annual accounts 2011-69,5 k €↓
2010
Annual accounts 2010705,7 k €↑
2009
Annual accounts 2009399,3 k €↑
2008
Annual accounts 200884,7 k €↓
2007
Annual accounts 2007139,4 k €↑
2006
Annual accounts 200683,5 k €
27/12/1984
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

S-WORKS

Overview

What does S-WORKS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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