ACTIVE

KWG

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Financial year 2025 · closed on 31/12/2025

Net result

19 k €

+731.1% YoY

Gross margin

59,3 k €

+70.9% YoY

Equity

207,8 k €

+10.1% YoY

What does KWG do?

KWG is a Private limited company incorporated in 1988. Its main activity is: Construction of buildings. Its registered office is in Ravels.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.665.215

Incorporation

30/06/1988

Legal form

Private limited company

Registered office

Tilburgseweg 112
2382 Ravels · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

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
Gross margin	59,3 k €	+70.9%	34,7 k €	-55.6%	78,2 k €	+147%	31,6 k €	-42.2%	54,8 k €	+49.1%	36,7 k €	+10.5%	33,2 k €	+19.7%	27,8 k €	+22.4%	22,7 k €	-62.6%	60,6 k €	+291%	15,5 k €	-33.1%	23,2 k €	+2148%	1 k €	-88.7%	9,1 k €	-37.7%	14,6 k €	-16.7%	17,6 k €	-29.3%	24,8 k €	-3.0%	25,6 k €	-23.6%	33,5 k €	+101%	16,7 k €
EBITDA	57,4 k €	+73.9%	33 k €	-56.8%	76,4 k €	+159%	29,6 k €	-44.2%	53 k €	+52.3%	34,8 k €	+9.2%	31,8 k €	+21.3%	26,3 k €	+23.5%	21,3 k €	-63.1%	57,7 k €	+366%	12,4 k €	-39.1%	20,3 k €	+1990%	-1,1 k €	-115%	7,2 k €	-42.7%	12,5 k €	-18.2%	15,3 k €	-23.2%	19,9 k €	-6.9%	21,4 k €	+15.0%	18,6 k €	+18.9%	15,6 k €
Operating result	28 k €	+469%	4,9 k €	-91.2%	56 k €	+168%	20,9 k €	-41.2%	35,5 k €	+228%	10,8 k €	+31.3%	8,3 k €	+231%	-6,3 k €	+37.6%	-10,1 k €	-128%	36,6 k €	+2447%	1,4 k €	-88.5%	12,4 k €	+243%	-8,7 k €	-752%	-1 k €	-123%	4,4 k €	-34.2%	6,7 k €	-38.9%	11 k €	-41.9%	19 k €	+47.3%	12,9 k €	+37.0%	9,4 k €
Net result	19 k €	+731%	2,3 k €	-94.4%	40,6 k €	+183%	14,3 k €	-42.6%	24,9 k €	+192%	8,5 k €	+23.3%	6,9 k €	+193%	-7,4 k €	+36.8%	-11,7 k €	-137%	32 k €	+1991%	1,5 k €	-87.2%	11,9 k €	+247%	-8,1 k €	-1060%	841,1 €	-90.3%	8,7 k €	+43.7%	6 k €	-29.8%	8,6 k €	-39.2%	14,1 k €	+39.4%	10,1 k €	+139%	4,2 k €
Balance sheet
Equity	207,8 k €	+10.1%	188,8 k €	+1.2%	186,5 k €	+27.8%	145,9 k €	+10.9%	131,6 k €	+23.4%	106,6 k €	+8.7%	98,1 k €	+7.6%	91,2 k €	-7.5%	98,6 k €	-10.6%	110,3 k €	+12.2%	98,3 k €	+1.6%	96,8 k €	+14.0%	84,9 k €	-8.7%	93 k €	+0.9%	92,1 k €	+10.4%	83,5 k €	+7.8%	77,4 k €	+12.5%	68,9 k €	+25.7%	54,8 k €	+22.6%	44,7 k €
Total assets	276 k €	+17.3%	235,3 k €	-6.1%	250,6 k €	+38.8%	180,5 k €	-0.3%	181,2 k €	+14.0%	158,9 k €	+13.1%	140,6 k €	-1.5%	142,7 k €	-16.0%	169,9 k €	+0.8%	168,6 k €	+40.2%	120,2 k €	-1.9%	122,6 k €	+38.3%	88,7 k €	-11.0%	99,6 k €	+0.2%	99,5 k €	-7.0%	106,9 k €	-5.2%	112,7 k €	+24.9%	90,3 k €	+35.4%	66,7 k €	+21.8%	54,7 k €
Cash	144,9 k €	+54.3%	93,9 k €	-9.4%	103,6 k €	-10.3%	115,4 k €	+1.5%	113,7 k €	+63.8%	69,4 k €	+62.7%	42,7 k €	+12.1%	38,1 k €	+86.2%	20,4 k €	+92.8%	10,6 k €	-75.1%	42,5 k €	-10.5%	47,5 k €	+8.5%	43,8 k €	+1.7%	43,1 k €	+10.4%	39 k €	+46.3%	26,7 k €	+28.3%	20,8 k €	-39.5%	34,4 k €	+34.6%	25,5 k €	-14.0%	29,7 k €
Debts	68,2 k €	+46.4%	46,6 k €	-27.4%	64,1 k €	+85.2%	34,6 k €	-30.1%	49,6 k €	-5.2%	52,3 k €	+23.1%	42,5 k €	-17.6%	51,5 k €	-27.7%	71,3 k €	+22.4%	58,3 k €	+166%	21,9 k €	-15.1%	25,8 k €	+583%	3,8 k €	-43.3%	6,7 k €	-9.2%	7,3 k €	-68.7%	23,4 k €	-33.6%	35,3 k €	+64.8%	21,4 k €	+79.8%	11,9 k €	+18.2%	10,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Guido Jozef Claes

Director

Active

Kristof Jan Claes

Director

Active

Ended mandates

Guy Claes

Director

Ended

Guy Claes

Manager

Ended

GUY CLAES

Mandate

Ended

Kristof Claes

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2026	03/07/2025	19/06/2024	23/06/2023	22/06/2022	25/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 5 ended

Active mandates

Guido Jozef Claes

Director

Active

Kristof Jan Claes

Director

Active

Ended mandates

Guy Claes

Director

Ended

Guy Claes

Manager

Ended

GUY CLAES

Mandate

Ended

Kristof Claes

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates16/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2014
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 202519 k €↑
2024
Annual accounts 20242,3 k €↓
2023
Annual accounts 202340,6 k €↑
2023
Name changeKWG
2022
Annual accounts 202214,3 k €↓
2022
Name changeClaes Guy
2021
Annual accounts 202124,9 k €↑
2020
Annual accounts 20208,5 k €↑
2019
Annual accounts 20196,9 k €↑
2018
Annual accounts 2018-7,4 k €↑
2017
Annual accounts 2017-11,7 k €↓
2016
Annual accounts 201632 k €↑
2015
Annual accounts 20151,5 k €↓
2014
Annual accounts 201411,9 k €↑
2013
Annual accounts 2013-8,1 k €↓
2012
Annual accounts 2012841,1 €↓
2011
Annual accounts 20118,7 k €↑
2010
Annual accounts 20106 k €↓
2009
Annual accounts 20098,6 k €↓
2008
Annual accounts 200814,1 k €↑
2007
Annual accounts 200710,1 k €↑
2006
Annual accounts 20064,2 k €
2006
Name changeGUY CLAES
30/06/1988
IncorporationPrivate 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

KWG

Overview

What does KWG do?

Trend over 20 financial years

Indicative valuation

Board of directors

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