ACTIVE

TWC

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Financial year 2025 · closed on 31/03/2025

Net result

-27,9 k €

-128.9% YoY

Gross margin

932,9 k €

-13.7% YoY

Equity

238,4 k €

-10.5% YoY

Workforce

12,7 ETP

+4.1% YoY

What does TWC do?

TWC is a Private limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Zwalm. It employs on average 12,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0649.551.194

Incorporation

29/02/2016

Legal form

Private limited company

Registered office

Lindestraat(Ned) 9
9636 Zwalm · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Average workforce

12,7 ETP

Activities (NACE)

41101Development of building projects· main 43410Specialised construction activities 43910Roofing activities 68121Buying and selling of own real estate 32990Other manufacturing n.e.c.32990Other manufacturing n.e.c.+2

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2019		2018		2017
Income statement
Gross margin	932,9 k €	-13.7%	1,1 M €	+32.9%	813,6 k €	+14.2%	712,3 k €	+54.9%	459,7 k €	+25.3%	367 k €	+150%	146,7 k €
EBITDA	61,6 k €	-79.5%	299,7 k €	+62.0%	185 k €	+52.6%	121,2 k €	+45.3%	83,4 k €	-35.8%	130 k €	+73.3%	75 k €
Operating result	-108,5 k €	-165%	168,2 k €	+143%	69,1 k €	+87.7%	36,8 k €	+86.6%	19,7 k €	-71.0%	68 k €	+12.2%	60,6 k €
Net result	-27,9 k €	-129%	96,3 k €	+155%	37,8 k €	+109%	18,1 k €	+74.6%	10,4 k €	-79.0%	49,3 k €	+27.8%	38,6 k €
Balance sheet
Equity	238,4 k €	-10.5%	266,3 k €	+56.6%	170 k €	+0.5%	169,2 k €	+44.8%	116,8 k €	+9.7%	106,5 k €	+86.2%	57,2 k €
Total assets	2,2 M €	+21.3%	1,8 M €	+69.5%	1,1 M €	+8.6%	977,7 k €	+19.8%	815,9 k €	+53.7%	530,9 k €	+113%	248,8 k €
Cash	94,7 k €	+31.5%	72 k €	-48.1%	138,8 k €	+224%	42,9 k €	-63.9%	118,7 k €	+88.6%	63 k €	-32.5%	93,3 k €
Debts	1,9 M €	+26.7%	1,5 M €	+71.9%	891,9 k €	+10.4%	807,9 k €	+15.7%	698,3 k €	+65.0%	423,2 k €	+122%	190,8 k €
Other
Workforce	12,7 ETP	+4.1%	12,2 ETP	+18.4%	10,3 ETP	-7.2%	11,1 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 5 ended

Active mandates

Bieke Dewulf

Director · since 02 mars 2016

Active

Thibaud Muller

Director · since 02 mars 2016

Active

Ended mandates

Bieke Dewulf

Manager · since 01 avril 2017

Ended

August Muller Thibaud

Director · since 02 mars 2016

Ended

Thibaud August Muller

Director · since 02 mars 2016

Ended

Bieke Dewulf

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BIT Estate● Active	0743.723.249
Brick'n Bond● Active	1034.767.888

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	03/10/2024	21/09/2023	27/10/2022	26/10/2021	30/10/2020
General meeting	16/09/2025	17/09/2024	19/09/2023	20/09/2022	21/09/2021	15/09/2020
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	16/09/2025	31/10/2025	Dutch	PDF
Abridged model	31/03/2024	17/09/2024	03/10/2024	Dutch	PDF
Abridged model	31/03/2023	19/09/2023	21/09/2023	Dutch	PDF
Abridged model	31/03/2022	20/09/2022	27/10/2022	Dutch	PDF
Abridged model	31/03/2021	21/09/2021	26/10/2021	Dutch	PDF
Micro model	31/03/2020	15/09/2020	30/10/2020	Dutch	PDF
Micro model	31/03/2019	17/09/2019	08/11/2019	Dutch	PDF
Micro model	31/03/2018	18/09/2018	31/10/2018	Dutch	PDF
Micro model	31/03/2017	19/09/2017	30/10/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/03/2025 · 2 active · 5 ended

Active mandates

Bieke Dewulf

Director · since 02 mars 2016

Active

Thibaud Muller

Director · since 02 mars 2016

Active

Ended mandates

Bieke Dewulf

Manager · since 01 avril 2017

Ended

August Muller Thibaud

Director · since 02 mars 2016

Ended

Thibaud August Muller

Director · since 02 mars 2016

Ended

Bieke Dewulf

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other16/04/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates19/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2016
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 2025-27,9 k €↓
2024
Annual accounts 202496,3 k €↑
2023
Annual accounts 202337,8 k €↑
2022
Annual accounts 202218,1 k €↑
2019
Annual accounts 201910,4 k €↓
2018
Annual accounts 201849,3 k €↑
2017
Annual accounts 201738,6 k €
29/02/2016
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

TWC

Overview

What does TWC do?

Trend over 7 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