ACTIVE

TWG Service

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Financial year 2025 · closed on 31/12/2025

Net result

267 k €

-17.3% YoY

Revenue

38,8 M €

-15.2% YoY

Equity

2 M €

+15.0% YoY

Workforce

34,7 ETP

-7.2% YoY

What does TWG Service do?

TWG Service is a Public limited company incorporated in 1986. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Brugge. It employs on average 34,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.665.161

Incorporation

03/11/1986

Legal form

Public limited company

Registered office

Pathoekeweg 15
8000 Brugge · FlandreSee on map

Contributed capital

463 425,48 €

Latest accounts

31/12/2025

Average workforce

34,7 ETP

Activities (NACE)

46421Wholesale of clothing and footwear· main 46421Wholesale of clothing and footwear 51410Air transport 46411Wholesale of textiles 46411Wholesale of textiles

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	38,8 M €	-15.2%	45,8 M €	+126%	20,2 M €	+174%	7,4 M €	-23.7%	9,7 M €	+20.7%	8 M €	-15.4%	9,5 M €		–		–		–		12,6 M €	+1.5%	12,4 M €	+14.1%	10,8 M €	+11.0%	9,8 M €	-12.1%	11,1 M €	+17.6%	9,5 M €	+28.4%	7,4 M €	-28.0%	10,2 M €	+52.9%	6,7 M €
EBITDA	1,4 M €	-11.7%	1,6 M €	+19.6%	1,3 M €	+35.5%	993,4 k €	-2.3%	1 M €	+123%	455,2 k €	-31.2%	662 k €	-37.0%	1,1 M €	+64.9%	637,2 k €	+14.9%	554,6 k €	+36.3%	406,8 k €	-18.6%	500 k €	-8.0%	543,8 k €	+315%	130,9 k €	-48.5%	254,1 k €	+65.4%	153,6 k €	+171%	56,8 k €	-82.3%	321,5 k €	+144%	131,9 k €
Operating result	331,8 k €	-44.2%	594,6 k €	+74.8%	340,2 k €	+61.8%	210,3 k €	-25.2%	281,1 k €	+233%	84,5 k €	-74.7%	333,6 k €	-56.5%	766,9 k €	+86.2%	411,8 k €	+14.1%	360,9 k €	+59.4%	226,4 k €	-31.6%	331 k €	-15.4%	391,2 k €	+499%	65,3 k €	-71.9%	232,8 k €	+91.7%	121,4 k €	+91.0%	63,6 k €	-35.1%	97,9 k €	+66.5%	58,8 k €
Net result	267 k €	-17.3%	322,6 k €	+117%	148,9 k €	+41.6%	105,2 k €	+20.0%	87,7 k €	+321%	-39,6 k €	-122%	181,9 k €	-61.5%	472,2 k €	+111%	223,5 k €	+20.0%	186,3 k €	+547%	28,8 k €	-84.7%	187,8 k €	-13.0%	215,9 k €	+33528%	642 €	-99.5%	128,2 k €	+94.8%	65,8 k €	+174%	24 k €	-47.0%	45,3 k €	+42.3%	31,8 k €
Balance sheet
Equity	2 M €	+15.0%	1,8 M €	+22.2%	1,5 M €	-46.1%	2,7 M €	+4.1%	2,6 M €	+3.5%	2,5 M €	-1.6%	2,5 M €	+7.7%	2,4 M €	+25.0%	1,9 M €	+13.4%	1,7 M €	+12.6%	1,5 M €	+2.0%	1,5 M €	+14.8%	1,3 M €	+20.6%	1 M €	+0.1%	1 M €	+13.9%	920,9 k €	+7.7%	855,1 k €	+2.9%	831,1 k €	+5.8%	785,8 k €
Total assets	29,5 M €	-1.0%	29,8 M €	+27.8%	23,3 M €	+43.8%	16,2 M €	+21.9%	13,3 M €	+15.9%	11,5 M €	+86.2%	6,2 M €	+6.8%	5,8 M €	-2.3%	5,9 M €	+43.5%	4,1 M €	+7.6%	3,8 M €	-18.8%	4,7 M €	+17.4%	4 M €	+70.6%	2,4 M €	-18.5%	2,9 M €	+4.4%	2,8 M €	-1.5%	2,8 M €	-31.2%	4,1 M €	+0.4%	4,1 M €
Cash	4,4 M €	-30.7%	6,3 M €	+83.2%	3,5 M €	+414%	672,2 k €	+3038%	21,4 k €	-98.0%	1,1 M €	-0.2%	1,1 M €	+729%	131,5 k €	-34.9%	202 k €	-70.6%	687,7 k €	-17.9%	837,8 k €	+69.3%	494,9 k €	+484%	84,7 k €	+53.0%	55,3 k €	-52.3%	116,1 k €	-68.4%	367,1 k €	+124%	164,1 k €	+55.8%	105,4 k €	-61.3%	272,6 k €
Debts	27,5 M €	-2.0%	28 M €	+28.4%	21,8 M €	+62.1%	13,5 M €	+25.9%	10,7 M €	+19.7%	8,9 M €	+149%	3,6 M €	+6.4%	3,4 M €	-15.4%	4 M €	+64.6%	2,4 M €	+4.4%	2,3 M €	-28.2%	3,2 M €	+18.7%	2,7 M €	+109%	1,3 M €	-28.5%	1,8 M €	-0.5%	1,8 M €	-5.9%	1,9 M €	-39.8%	3,2 M €	-1.5%	3,3 M €
Other
Workforce	34,7 ETP	-7.2%	37,4 ETP	-3.1%	38,6 ETP	+37.4%	28,1 ETP	-6.6%	30,1 ETP	+2.4%	29,4 ETP	+3.5%	28,4 ETP	+21.9%	23,3 ETP	+2.2%	22,8 ETP	+3.2%	22,1 ETP	+19.5%	18,5 ETP	+21.7%	15,2 ETP	+35.7%	11,2 ETP	+30.2%	8,6 ETP	-21.1%	10,9 ETP	-14.2%	12,7 ETP	+15.5%	11,0 ETP	-12.7%	12,6 ETP	-3.8%	13,1 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 · 18 ended

Active mandates

LACOSY

Director · since 01 juillet 2025 · until 20 juin 2029 · 0832.904.653

Represented by Pieter Cosyn

Active

O'Tentic

Managing director · since 31 mars 2023 · until 16 juin 2027 · 0666.819.768

Represented by Veronique Mulliez

Active

PGMS

Director · since 04 mars 2022 · until 16 juin 2027 · 0439.491.756

Represented by Philip Ghekiere

Active

Ended mandates

Arborati

Director · since 31 mars 2023 · until 16 juin 2027 · 0795.251.233

Represented by Raf Vermaere

Ended

PGMS

Director · since 04 mars 2022 · until 24 septembre 2027 · 0439.491.756

Represented by Philip Ghekiere

Ended

BERENIKE GLOBAL FASHION MANAGEMENT

Managing director · since 02 mars 2021 · until 24 septembre 2027 · 0825.896.206

Represented by Stefaan Le Clair

Ended

Amelie Derere

Managing director · since 27 septembre 2019 · until 04 mars 2022

Ended

At this address

Other companies at this address

Company	CBE no.
DASSY EUROPE● Active	0895.825.682
DRESS CONFECT● Active	0804.026.565
PROTEQ● Active	0477.695.306
Radius LeaseWear● Active	0798.143.417
TWG Real Estate● Active	0833.746.276

Annual accounts

Full financial information

	2025	2024	2023	2022	2022	2021
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	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	9 months	12 months	12 months
Filing date	10/07/2026	30/06/2025	20/06/2024	05/07/2023	14/10/2022	24/09/2021
General meeting	07/07/2026	26/06/2025	19/06/2024	30/06/2023	30/09/2022	24/09/2021
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	07/07/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Full model	31/03/2022	30/09/2022	14/10/2022	Dutch	PDF
Full model	31/03/2021	24/09/2021	24/09/2021	Dutch	PDF
Full model	31/03/2020	25/09/2020	09/10/2020	Dutch	PDF
Abridged model	31/03/2019	27/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	28/09/2018	01/10/2018	Dutch	PDF
Abridged model	31/03/2017	29/09/2017	29/09/2017	Dutch	PDF
Full model	31/03/2016	30/09/2016	30/09/2016	Dutch	PDF
Full model	31/03/2015	15/06/2015	03/07/2015	Dutch	PDF
Full model	31/03/2014	10/06/2014	13/06/2014	Dutch	PDF
Full model	30/03/2013	27/09/2013	29/10/2013	Dutch	PDF
Full model	30/03/2012	30/09/2012	01/10/2012	Dutch	PDF
Full model	30/03/2011	15/09/2011	03/01/2012	Dutch	PDF
Full model	30/03/2010	15/09/2010	07/10/2010	Dutch	PDF
Full model	30/03/2009	30/06/2009	28/10/2009	Dutch	PDF
Full model	30/03/2008	30/06/2008	03/07/2008	Dutch	PDF
Full model	30/03/2007	15/08/2007	22/08/2007	Dutch	PDF
Full model	30/03/2006	30/09/2006	04/06/2007	Dutch	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 · 18 ended

Active mandates

LACOSY

Director · since 01 juillet 2025 · until 20 juin 2029 · 0832.904.653

Represented by Pieter Cosyn

Active

O'Tentic

Managing director · since 31 mars 2023 · until 16 juin 2027 · 0666.819.768

Represented by Veronique Mulliez

Active

PGMS

Director · since 04 mars 2022 · until 16 juin 2027 · 0439.491.756

Represented by Philip Ghekiere

Active

Ended mandates

Arborati

Director · since 31 mars 2023 · until 16 juin 2027 · 0795.251.233

Represented by Raf Vermaere

Ended

PGMS

Director · since 04 mars 2022 · until 24 septembre 2027 · 0439.491.756

Represented by Philip Ghekiere

Ended

BERENIKE GLOBAL FASHION MANAGEMENT

Managing director · since 02 mars 2021 · until 24 septembre 2027 · 0825.896.206

Represented by Stefaan Le Clair

Ended

Amelie Derere

Managing director · since 27 septembre 2019 · until 04 mars 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/07/2026
DIVERSEN
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2024
BENAMING
PDF
Restructuring28/07/2023
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other28/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - BOEKJAAR
PDF
Mandates05/04/2022
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 2025267 k €↓
2024
Annual accounts 2024322,6 k €↑
2023
Annual accounts 2023148,9 k €↑
2023
Name changeTWG Service
2022
Annual accounts 2022105,2 k €↑
2022
Annual accounts 202287,7 k €↑
2021
Annual accounts 2021-39,6 k €↓
2020
Annual accounts 2020181,9 k €↓
2019
Annual accounts 2019472,2 k €↑
2018
Annual accounts 2018223,5 k €↑
2017
Annual accounts 2017186,3 k €↑
2016
Annual accounts 201628,8 k €↓
2015
Annual accounts 2015187,8 k €↓
2014
Annual accounts 2014215,9 k €↑
2013
Annual accounts 2013642 €↓
2012
Annual accounts 2012128,2 k €↑
2011
Annual accounts 201165,8 k €↑
2010
Annual accounts 201024 k €↓
2009
Annual accounts 200945,3 k €↑
2008
Annual accounts 200831,8 k €
2008
Name changeDress Confect
03/11/1986
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

TWG Service

Overview

What does TWG Service 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