NORMAL SITUATION

4MW

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Company — Normal situation.

Strike-off: 15 juillet 2026

Financial year 2025 · Closed on 31/12/2025

Net result7 k €+115,7 %over 1 year

Gross margin31,6 k €+18,0 %over 1 year

Equity168,1 k €+4,4 %over 1 year

Identity

Source · BCE/KBO

4MW is a Private limited company incorporated in 2001.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0474.113.630
Incorporation: 19/02/2001
Legal form: Private limited company
Contributed capital: 12 400,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	31,6 k €	+18.0%	26,8 k €	-33.6%	40,3 k €	-20.2%	50,6 k €	-39.9%	84,2 k €
EBITDA	29,8 k €	+19.0%	25 k €	-37.1%	39,8 k €	-20.6%	50,2 k €	-39.7%	83,2 k €
Operating result	9,4 k €	+113%	4,4 k €	-76.2%	18,5 k €	-40.2%	31 k €	-61.3%	80 k €
Net result	7 k €	+116%	3,3 k €	-75.8%	13,5 k €	-33.6%	20,3 k €	-62.6%	54,3 k €
Balance sheet
Equity	168,1 k €	+4.4%	161,1 k €	+2.1%	157,8 k €	+9.3%	144,3 k €	+16.3%	124,1 k €
Total assets	177 k €	+1.0%	175,2 k €	-0.8%	176,5 k €	-7.3%	190,5 k €	+14.9%	165,9 k €
Cash	142,2 k €	+18.4%	120,1 k €	+61.3%	74,4 k €	-29.2%	105,2 k €	-35.4%	162,8 k €
Debts	8,9 k €	-37.2%	14,1 k €	-24.6%	18,7 k €	-59.4%	46,2 k €	+10.5%	41,8 k €

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cédric POLMANS	Directorsince 29/02/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel POLMANS	Director21/02/2017 → 24/05/2024Manager2018 accounts
Chris Parthoens	Manager2006 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	20/03/2026	23/07/2025	24/07/2024	28/07/2023	29/07/2022	30/07/2021
General meeting	10/03/2026	30/05/2025	24/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/03/2026	20/03/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/05/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	15/08/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	10/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	07/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	31/07/2007	Dutch	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cédric POLMANS	Directorsince 29/02/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel POLMANS	Director21/02/2017 → 24/05/2024Manager2018 accounts
Chris Parthoens	Manager2006 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution22/07/2026
Ontbinding en afsluiting vereffening H
PDF
Mandates07/03/2024
ONTSLAGEN, BENOEMINGEN, BENAMING, WIJZIGING
PDF
Mandates08/03/2017
Ontslag en benoeming zaakvoerder, verplaatsing maatschappelijke zetel
PDF
Mandates11/02/2015
Ontslag zaakvoerder
PDF
Other11/10/2006
statutenwijziging
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Cédric POLMANS

Daniel POLMANS

Marie-Christine Parthoens

Chris Parthoens

Jean-Marie Wolfs

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

4MWMilling Turning Wolfs

Rue du Village 50, 3790 FouronsDorpsstraat 48, 3790 Fourons

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Village 50, 3790 Fourons	CBE until 15/07/2026	CBE
Rue du Village 50, 3790 Fourons	accounts 2023 → 2025	Accounts 2025 · 2026-00061929
Dorpsstraat 48, 3790 Fourons	accounts 2021 → 2022	Accounts 2022 · 2023-00289996

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
4MW	CBE until 15/07/2026	CBE
4MW	accounts 2023 → 2025	Accounts 2025 · 2026-00061929
Milling Turning Wolfs	accounts 2021 → 2022	Accounts 2022 · 2023-00289996

Events

2025
Annual accounts 20257 k €↑
2024
Annual accounts 20243,3 k €↓
2023
Annual accounts 202313,5 k €↓
2023
Name change4MW
2022
Annual accounts 202220,3 k €↓
2021
Annual accounts 202154,3 k €↑
2020
Annual accounts 202021,7 k €↑
2019
Annual accounts 2019-4,1 k €↑
2018
Annual accounts 2018-5,7 k €↑
2017
Annual accounts 2017-11,5 k €↓
2016
Annual accounts 20161,7 k €↑
2015
Annual accounts 20151,6 k €↓
2014
Annual accounts 201414,7 k €↑
2013
Annual accounts 2013-7 k €↓
2012
Annual accounts 20126,5 k €↓
2011
Annual accounts 201115,2 k €↓
2010
Annual accounts 201019,6 k €↑
2009
Annual accounts 2009-13,8 k €↓
2008
Annual accounts 2008-1,9 k €↓
2007
Annual accounts 20078,2 k €↑
2006
Annual accounts 20063,7 k €
19/02/2001
IncorporationPrivate limited company

4MW

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events