ACTIVE

CTW Cleaning Systems

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Financial year 2025 · closed on 31/12/2025
Net result
713,4 k €
+23.3% YoY
Gross margin
1,3 M €
+10.1% YoY
Equity
1,2 M €
-8.2% YoY
Workforce
3,9 ETP
-31.6% YoY

What does CTW Cleaning Systems do?

CTW Cleaning Systems is a Public limited company incorporated in 1988. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Turnhout. It employs on average 3,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.598.314
Incorporation
11/03/1988
Legal form
Public limited company
Registered office
Everdongenlaan 9 box 19
2300 Turnhout · FlandreSee on map
Contributed capital
186 000,00 €
Latest accounts
31/12/2025
Average workforce
3,9 ETP
Activities (NACE)
46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main46699Wholesale of other machinery and equipment51872Air transport33190Repair of other equipment33190Repair of other equipment46620Wholesale of machine tools+3
Joint committees (4)
  • 149
  • 14904
  • 200
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212012201120102009200820072006
Income statement
Gross margin1,3 M €1,1 M €1,4 M €1 M €447,1 k €570,6 k €484,5 k €372,7 k €475 k €501,7 k €589,7 k €795,6 k €
EBITDA932,1 k €703,1 k €922,3 k €617 k €159 k €107,9 k €79,3 k €-36,8 k €74,7 k €68,1 k €80,5 k €180,7 k €
Operating result866,3 k €689,6 k €884,8 k €568,2 k €121,5 k €73,6 k €44,4 k €-84,7 k €16,9 k €22,5 k €32,6 k €108 k €
Net result713,4 k €578,8 k €741 k €460,9 k €105,8 k €57,7 k €17,7 k €-115,3 k €376 €13,6 k €9,6 k €55 k €
Balance sheet
Equity1,2 M €1,3 M €1,2 M €1 M €991 k €421,9 k €364,3 k €346,5 k €461,8 k €461,4 k €447,8 k €438,2 k €
Total assets5,4 M €4,7 M €3,4 M €3,9 M €2,8 M €1,5 M €1,6 M €1,6 M €1,7 M €1,6 M €1,7 M €1,8 M €
Cash2,9 M €1,3 M €548,1 k €1,6 M €1,2 M €52,2 k €69,5 k €2,8 k €34,3 k €40,2 k €4,8 k €8,4 k €
Debts4,2 M €3,4 M €2,1 M €2,9 M €1,8 M €484,8 k €715,7 k €813 k €772,3 k €704,1 k €474,6 k €853,9 k €
Other
Workforce3,9 ETP5,7 ETP5,6 ETP5,1 ETP3,9 ETP6,4 ETP6,3 ETP7,5 ETP6,5 ETP7,4 ETP9,3 ETP10,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Schel & Co

Director · since 09 avril 2025 · until 09 mai 2031 · 1022.198.866

Represented by Jonas Schellekens

Active
Fitwash

Director · since 09 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Luc Schellekens

Active

Ended mandates

Fitwash

Director · since 10 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Schellekens Luc

Ended
Jonas Schellekens

Director · since 10 mars 2020 · until 08 mai 2026

Ended
Fitwash

Director · since 09 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Luc Schellekens

Ended
Jonas Schellekens

Director · since 09 mars 2020 · until 08 mai 2026

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date03/06/202601/07/202510/07/202403/07/202301/07/202222/07/2021
General meeting08/05/202606/06/202518/06/202405/06/202303/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202603/06/2026DutchPDF
Abridged model31/12/202406/06/202501/07/2025DutchPDF
Abridged model31/12/202318/06/202410/07/2024DutchPDF
Abridged model31/12/202205/06/202303/07/2023DutchPDF
Abridged model31/12/202103/06/202201/07/2022DutchPDF
Abridged model31/12/202028/06/202122/07/2021DutchPDF
Abridged model31/12/201920/07/202018/08/2020DutchPDF
Abridged model31/12/201827/06/201912/07/2019DutchPDF
Abridged model31/12/201711/05/201818/06/2018DutchPDF
Abridged model31/12/201612/05/201701/06/2017DutchPDF
Abridged model31/12/201513/05/201608/06/2016DutchPDF
Abridged model31/12/201416/06/201506/07/2015DutchPDF
Abridged model31/12/201309/06/201411/07/2014DutchPDF
Abridged model31/12/201210/05/201330/08/2013DutchPDF
Abridged model31/12/201111/05/201230/08/2012DutchPDF
Abridged model31/12/201013/05/201129/08/2011DutchPDF
Abridged model31/12/200907/05/201031/08/2010DutchPDF
Abridged model31/12/200804/05/200931/08/2009DutchPDF
Abridged model31/12/200702/05/200828/07/2008DutchPDF
Abridged model31/12/200604/05/200702/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 20 ended

Active mandates

Schel & Co

Director · since 09 avril 2025 · until 09 mai 2031 · 1022.198.866

Represented by Jonas Schellekens

Active
Fitwash

Director · since 09 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Luc Schellekens

Active

Ended mandates

Fitwash

Director · since 10 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Schellekens Luc

Ended
Jonas Schellekens

Director · since 10 mars 2020 · until 08 mai 2026

Ended
Fitwash

Director · since 09 mars 2020 · until 08 mai 2026 · 0462.570.135

Represented by Luc Schellekens

Ended
Jonas Schellekens

Director · since 09 mars 2020 · until 08 mai 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring21/08/2026
    PARTIËLE SPLITSING - Vergadering partieel gesplitste vennootschap
    PDF
  • Restructuring24/06/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates19/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/12/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates23/03/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/01/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/02/2013
    BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025713,4 k €↑
  2. 2024
    Annual accounts 2024578,8 k €↓
  3. 2023
    Annual accounts 2023741 k €↑
  4. 2022
    Annual accounts 2022460,9 k €↑
  5. 2021
    Annual accounts 2021105,8 k €↑
  6. 2012
    Annual accounts 201257,7 k €↑
  7. 2011
    Annual accounts 201117,7 k €↑
  8. 2010
    Annual accounts 2010-115,3 k €↓
  9. 2009
    Annual accounts 2009376 €↓
  10. 2008
    Annual accounts 200813,6 k €↑
  11. 2007
    Annual accounts 20079,6 k €↓
  12. 2006
    Annual accounts 200655 k €
  13. 11/03/1988
    IncorporationPublic limited company