ACTIVE

INWE

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Financial year 2025 · closed on 31/12/2025

Net result

186,6 k €

-0.0% YoY

Gross margin

299,3 k €

+8.6% YoY

Equity

323,5 k €

+7.8% YoY

What does INWE do?

INWE is a Private limited company incorporated in 2009. Its registered office is in Braine-le-Château.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.455.584

Incorporation

15/12/2009

Legal form

Private limited company

Registered office

Rue aux Racines 46
1440 Braine-le-Château · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	299,3 k €	+8.6%	275,6 k €	+1.8%	270,6 k €	+29.8%	208,6 k €	+4.3%	199,9 k €	+31.4%	152,1 k €	-11.6%	172,1 k €	+94.0%	88,7 k €	+9509%	923,4 €	-98.2%	51,3 k €	-43.8%	91,3 k €	+147%	37,1 k €	+5.1%	35,3 k €	+47.4%	23,9 k €	+61.0%	14,9 k €	-77.4%	65,8 k €
EBITDA	296,8 k €	+8.3%	274 k €	+3.5%	264,7 k €	+27.4%	207,8 k €	+4.3%	199,1 k €	+31.5%	151,4 k €	-10.4%	169 k €	+92.0%	88 k €	+26271%	-336,3 €	-101%	50,6 k €	-44.1%	90,5 k €	+148%	36,5 k €	+5.2%	34,7 k €	+64.1%	21,2 k €	+136%	9 k €	-86.0%	63,9 k €
Operating result	273 k €	+9.2%	250,1 k €	-1.7%	254,5 k €	+30.8%	194,6 k €	+4.8%	185,6 k €	+34.3%	138,2 k €	-10.0%	153,6 k €	+85.7%	82,7 k €	+1440%	-6,2 k €	-116%	38 k €	-51.3%	77,9 k €	+180%	27,9 k €	+12.4%	24,8 k €	+110%	11,8 k €	+220%	-9,8 k €	-117%	59,2 k €
Net result	186,6 k €	-0.0%	186,6 k €	+0.2%	186,1 k €	+30.3%	142,8 k €	+7.6%	132,8 k €	+33.0%	99,8 k €	-6.9%	107,2 k €	+74.7%	61,3 k €	+850%	-8,2 k €	-136%	22,4 k €	-56.2%	51,2 k €	+188%	17,8 k €	+8.7%	16,3 k €	+219%	-13,7 k €	-4.5%	-13,1 k €	-137%	35,6 k €
Balance sheet
Equity	323,5 k €	+7.8%	300,1 k €	+2.2%	293,5 k €	+32.0%	222,4 k €	+21.1%	183,6 k €	+49.5%	122,8 k €	+57.4%	78,1 k €	+274%	20,9 k €	+62.1%	12,9 k €	-87.4%	102,1 k €	+28.2%	79,6 k €	+180%	28,4 k €	+167%	10,6 k €	+286%	-5,7 k €	-171%	8 k €	-62.1%	21,2 k €
Total assets	373,3 k €	-31.9%	547,8 k €	+10.0%	497,9 k €	+44.8%	343,8 k €	+13.3%	303,5 k €	+33.6%	227,2 k €	+25.0%	181,7 k €	+41.0%	128,8 k €	+199%	43 k €	-65.4%	124,3 k €	+1.3%	122,7 k €	+159%	47,4 k €	-0.2%	47,5 k €	-2.2%	48,6 k €	-43.0%	85,3 k €	-38.8%	139,2 k €
Cash	95,3 k €	-53.9%	206,7 k €	-2.2%	211,3 k €	+69.4%	124,8 k €	-15.7%	148 k €	+75.3%	84,4 k €	+136%	35,8 k €	-11.7%	40,5 k €	+174%	14,8 k €	-46.0%	27,4 k €	-30.0%	39,1 k €	+226%	12 k €	+77.4%	6,8 k €	+946%	646,3 €	-64.4%	1,8 k €	-97.7%	77,6 k €
Debts	49,8 k €	-79.9%	247,7 k €	+21.2%	204,3 k €	+68.3%	121,4 k €	+1.2%	119,9 k €	+14.9%	104,3 k €	+0.7%	103,7 k €	-4.0%	108 k €	+258%	30,2 k €	+35.7%	22,2 k €	-48.4%	43 k €	+126%	19 k €	-48.4%	36,9 k €	-32.0%	54,3 k €	-29.7%	77,2 k €	-34.6%	118,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

BENOÎT DE VOS

Director

Active

Katerina Cermak

Director

Active

Ended mandates

Katerina Cermak

Manager · since 24 avril 2015

Ended

Benoit De Vos

Manager

Ended

Katerina Cermak

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	20/06/2026	25/06/2025	28/06/2024	03/07/2023	10/07/2022	05/07/2021
General meeting	27/05/2026	19/06/2025	20/06/2024	19/06/2023	30/06/2022	21/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	20/06/2026	French	PDF
Micro model	31/12/2024	19/06/2025	25/06/2025	French	PDF
Micro model	31/12/2023	20/06/2024	28/06/2024	French	PDF
Micro model	31/12/2022	19/06/2023	03/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	10/07/2022	French	PDF
Micro model	31/12/2020	21/06/2021	05/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	10/07/2020	French	PDF
Micro model	31/12/2018	20/06/2019	04/07/2019	French	PDF
Micro model	31/12/2017	21/06/2018	14/08/2018	French	PDF
Micro model	31/12/2016	15/06/2017	17/08/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	20/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	12/08/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	02/06/2012	French	PDF
Abridged model	31/12/2010	15/07/2011	22/07/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 ended

Active mandates

BENOÎT DE VOS

Director

Active

Katerina Cermak

Director

Active

Ended mandates

Katerina Cermak

Manager · since 24 avril 2015

Ended

Benoit De Vos

Manager

Ended

Katerina Cermak

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/05/2025
SIEGE SOCIAL
PDF
Mandates05/12/2023
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2015
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other26/05/2010
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other24/12/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025186,6 k €↓
2024
Annual accounts 2024186,6 k €↑
2023
Annual accounts 2023186,1 k €↑
2022
Annual accounts 2022142,8 k €↑
2021
Annual accounts 2021132,8 k €↑
2020
Annual accounts 202099,8 k €↓
2019
Annual accounts 2019107,2 k €↑
2018
Annual accounts 201861,3 k €↑
2017
Annual accounts 2017-8,2 k €↓
2016
Annual accounts 201622,4 k €↓
2015
Annual accounts 201551,2 k €↑
2014
Annual accounts 201417,8 k €↑
2014
Name changeInwe
2013
Annual accounts 201316,3 k €↑
2012
Annual accounts 2012-13,7 k €↓
2011
Annual accounts 2011-13,1 k €↓
2010
Annual accounts 201035,6 k €
2010
Name changeDR.DE VOS BENOIT
15/12/2009
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

INWE

Overview

What does INWE do?

Trend over 16 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