ACTIVE

BWW INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

677,1 k €

-53.0% YoY

Revenue

1,3 M €

-1.5% YoY

Equity

32,5 M €

+2.1% YoY

Workforce

1,9 ETP

+11.8% YoY

What does BWW INVEST do?

BWW INVEST is a Public limited company incorporated in 1989. Its registered office is in Heusden-Zolder. It employs on average 1,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.951.229

Incorporation

16/11/1989

Legal form

Public limited company

Registered office

Boterbosstraat 6 box 1
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

13 545 600,00 €

Latest accounts

31/12/2025

Average workforce

1,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,3 M €	-1.5%	1,3 M €	-2.3%	1,3 M €	+3.6%	1,3 M €	+48.6%	851,1 k €	-43.6%	1,5 M €	+16.5%	1,3 M €	+40.0%	925,1 k €	-8.0%	1 M €	-10.8%	1,1 M €	-33.2%	1,7 M €	-24.0%	2,2 M €	+20.6%	1,8 M €	+33.3%	1,4 M €	+0.1%	1,4 M €	+27.9%	1,1 M €	-6.0%	1,1 M €	-21.9%	1,5 M €	-6.2%	1,6 M €
EBITDA	1,1 M €	-62.5%	2,8 M €	+251%	809,8 k €	-7.5%	875,2 k €	+46.0%	599,2 k €	+345%	134,7 k €	-78.2%	619,1 k €	+38.9%	445,7 k €	-25.0%	594,3 k €	-85.4%	4,1 M €	+111%	1,9 M €	+3.2%	1,9 M €	+25.2%	1,5 M €	+32.3%	1,1 M €	+2.8%	1,1 M €	+21.5%	905,2 k €	-48.7%	1,8 M €	+31.4%	1,3 M €	-3.8%	1,4 M €
Operating result	752,6 k €	-70.8%	2,6 M €	+461%	459,3 k €	-9.6%	507,9 k €	+108%	244 k €	+158%	-419,5 k €	-328%	-98 k €	-30.5%	-75,1 k €	-127%	-33,1 k €	-101%	3,5 M €	+185%	1,2 M €	+3.2%	1,2 M €	+39.4%	850,7 k €	+41.4%	601,8 k €	-16.5%	720,4 k €	+19.4%	603,2 k €	-59.6%	1,5 M €	+41.1%	1,1 M €	-2.7%	1,1 M €
Net result	677,1 k €	-53.0%	1,4 M €	+947%	137,7 k €	-91.0%	1,5 M €	+5821%	25,8 k €	-93.2%	381,8 k €	+332%	88,4 k €	+134%	-263 k €	-3307%	-7,7 k €	-100%	2,6 M €	+231%	773,5 k €	-2.7%	794,9 k €	+39.8%	568,5 k €	+45.2%	391,6 k €	-14.6%	458,4 k €	+8.7%	421,8 k €	-56.8%	975,4 k €	+56.1%	624,9 k €	+14.3%	546,8 k €
Balance sheet
Equity	32,5 M €	+2.1%	31,9 M €	+4.7%	30,4 M €	+0.5%	30,3 M €	+5.3%	28,7 M €	+0.1%	28,7 M €	+1.3%	28,3 M €	+0.5%	28,2 M €	-7.4%	30,5 M €	-1.6%	31 M €	+9.0%	28,4 M €	+2.8%	27,6 M €	+3.0%	26,8 M €	+2.2%	26,3 M €	+1.5%	25,9 M €	+174%	9,4 M €	+4.7%	9 M €	+10.0%	8,2 M €	+8.2%	7,6 M €
Total assets	36,9 M €	-2.9%	38 M €	+9.1%	34,8 M €	-0.3%	34,9 M €	+0.1%	34,9 M €	+13.5%	30,7 M €	-4.7%	32,2 M €	-15.7%	38,2 M €	+16.7%	32,7 M €	-1.0%	33,1 M €	+0.6%	32,9 M €	-5.6%	34,8 M €	+2.0%	34,1 M €	+5.7%	32,3 M €	+15.3%	28 M €	+131%	12,1 M €	+22.6%	9,9 M €	-8.2%	10,8 M €	-2.6%	11,1 M €
Cash	687,6 k €	-53.2%	1,5 M €	+87.9%	781,4 k €	-69.1%	2,5 M €	+225%	778,2 k €	-59.3%	1,9 M €	+221%	596,5 k €	-49.8%	1,2 M €	+835%	127,2 k €	-94.0%	2,1 M €	+387%	436 k €	+2685%	15,7 k €	-80.6%	80,8 k €	-66.5%	241,5 k €	+336%	55,4 k €	+3.3%	53,6 k €	+1.7%	52,7 k €	+6.9%	49,3 k €	-83.9%	306,7 k €
Debts	3,8 M €	-31.3%	5,6 M €	+30.2%	4,3 M €	-4.6%	4,5 M €	-24.7%	6 M €	+227%	1,8 M €	-48.2%	3,5 M €	-63.6%	9,7 M €	+420%	1,9 M €	+21.7%	1,5 M €	-61.6%	4 M €	-42.6%	6,9 M €	-1.2%	7 M €	+22.0%	5,8 M €	+209%	1,9 M €	-21.9%	2,4 M €	+329%	555,3 k €	-77.9%	2,5 M €	-26.5%	3,4 M €
Other
Workforce	1,9 ETP	+11.8%	1,7 ETP	+21.4%	1,4 ETP	+7.7%	1,3 ETP		–		–		–		0,0 ETP		–		–		–		0,5 ETP	-44.4%	0,9 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 · 1 active · 16 ended

Active mandates

Rafaël Vanthoor

Managing director · since 30 juin 2021 · until 31 mai 2027

Active

Ended mandates

Laurens Vanthoor

Director · since 30 juin 2021 · until 30 mai 2022

Ended

Raf Vanthoor

Managing director · since 30 juin 2021 · until 31 mai 2027

Ended

Laurens Vanthoor

Director · since 30 juin 2015 · until 31 mai 2021

Ended

Laurens Vanthoor

Director · since 30 juin 2015 · until 30 juin 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/07/2019
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	18 months
Filing date	04/06/2026	02/06/2025	04/06/2024	06/07/2023	30/06/2022	31/08/2021
General meeting	01/06/2026	30/05/2025	30/05/2024	30/06/2023	30/05/2022	31/08/2021
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

37 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	04/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	02/06/2025	Dutch	PDF
m120-f-p	31/12/2024	31/07/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	30/05/2024	04/06/2024	Dutch	PDF
m120-f-p	31/12/2023	28/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
m120-f-p	31/12/2022	07/07/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	30/06/2022	Dutch	PDF
m120-f-p	31/12/2021	—	18/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
m120-f-p	31/12/2020	31/08/2021	31/08/2021	Dutch	PDF
Full model	30/06/2019	27/12/2019	15/01/2020	Dutch	PDF
m120-f-p	30/06/2019	25/02/2020	28/02/2020	Dutch	PDF
Full model	31/12/2017	29/06/2018	24/07/2018	Dutch	PDF
m120-f-p	31/12/2017	28/08/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	30/06/2017	Dutch	PDF
m120-f-p	31/12/2016	31/08/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	11/07/2016	Dutch	PDF
m120-f-p	31/12/2015	31/08/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
m120-f-p	31/12/2014	20/08/2015	28/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
m120-f-p	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	16/07/2013	Dutch	PDF

View all 37 filings

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 · 1 active · 16 ended

Active mandates

Rafaël Vanthoor

Managing director · since 30 juin 2021 · until 31 mai 2027

Active

Ended mandates

Laurens Vanthoor

Director · since 30 juin 2021 · until 30 mai 2022

Ended

Raf Vanthoor

Managing director · since 30 juin 2021 · until 31 mai 2027

Ended

Laurens Vanthoor

Director · since 30 juin 2015 · until 31 mai 2021

Ended

Laurens Vanthoor

Director · since 30 juin 2015 · until 30 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/08/2023
KAPITAAL - AANDELEN
PDF
Other07/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other25/05/2020
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other27/12/2018
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares21/12/2017
KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
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 2025677,1 k €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 2023137,7 k €↓
2022
Annual accounts 20221,5 M €↑
2022
Name changeBWW INVEST
2021
Annual accounts 202125,8 k €↓
2021
Name changeB.W.W. Real Estate
2020
Annual accounts 2020381,8 k €↑
2019
Annual accounts 201988,4 k €↑
2017
Annual accounts 2017-263 k €↓
2016
Annual accounts 2016-7,7 k €↓
2015
Annual accounts 20152,6 M €↑
2014
Annual accounts 2014773,5 k €↓
2013
Annual accounts 2013794,9 k €↑
2012
Annual accounts 2012568,5 k €↑
2011
Annual accounts 2011391,6 k €↓
2010
Annual accounts 2010458,4 k €↑
2009
Annual accounts 2009421,8 k €↓
2008
Annual accounts 2008975,4 k €↑
2007
Annual accounts 2007624,9 k €↑
2006
Annual accounts 2006546,8 k €
16/11/1989
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

BWW INVEST

Overview

What does BWW INVEST 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