ACTIVE

RWN

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Financial year 2025 · closed on 31/12/2025

Net result

285,5 k €

-88.5% YoY

Gross margin

159,6 k €

+6.7% YoY

Equity

3,6 M €

-15.0% YoY

What does RWN do?

RWN is a Private limited company incorporated in 2003. Its main activity is: Buying and selling of own real estate. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.147.579

Incorporation

11/12/2003

Legal form

Private limited company

Registered office

Gillès de Pélichylei 115
2970 Schilde · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68110Buying and selling of own real estate· main 64210Activities of holding companies 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	159,6 k €	+6.7%	149,6 k €	-28.3%	208,7 k €	-7.2%	224,9 k €	+45.4%	154,6 k €	+51.2%	102,3 k €	-3.5%	106 k €	+18.4%	89,5 k €	-7.4%	96,6 k €	-2.4%	99 k €	+10.2%	89,8 k €	-24.6%	119 k €	+13.8%	104,6 k €	-4.9%	110 k €	-32.3%	162,5 k €	+42.0%	114,4 k €	+2930%	-4 k €	-111%	37,3 k €	+466%	-10,2 k €
EBITDA	152,6 k €	+4.2%	146,5 k €	-28.8%	205,7 k €	-6.8%	220,6 k €	+46.8%	150,3 k €	+58.6%	94,7 k €	-7.4%	102,3 k €	+19.1%	85,9 k €	-6.7%	92,1 k €	-4.1%	96 k €	+11.3%	86,2 k €	-25.3%	115,5 k €	+15.1%	100,3 k €	-6.0%	106,7 k €	-33.0%	159,3 k €	+42.1%	112,1 k €	+1959%	-6 k €	-117%	35,4 k €	+401%	-11,8 k €
Operating result	152,6 k €	+25.2%	121,8 k €	-32.7%	181,1 k €	-8.4%	197,6 k €	+62.7%	121,5 k €	+74.3%	69,7 k €	-7.7%	75,5 k €	+36.1%	55,5 k €	-3.8%	57,6 k €	-9.2%	63,5 k €	+16.9%	54,3 k €	-33.7%	81,9 k €	+17.0%	70 k €	-12.5%	79,9 k €	-25.2%	106,9 k €	+17.2%	91,2 k €	+462%	-25,2 k €	-216%	21,8 k €	+126%	-84,3 k €
Net result	285,5 k €	-88.5%	2,5 M €	+790%	278 k €	+49.5%	186 k €	-10.6%	208,1 k €	-66.0%	611,4 k €	+373%	129,1 k €	+90.4%	67,8 k €	-24.7%	90,1 k €	+55.4%	58 k €	+3.6%	55,9 k €	-1.1%	56,5 k €	+66.0%	34,1 k €	+58.0%	21,6 k €	-68.8%	69 k €	+1.6%	67,9 k €	+164%	-106 k €	-1401%	-7,1 k €	-229%	5,5 k €
Balance sheet
Equity	3,6 M €	-15.0%	4,3 M €	+131%	1,9 M €	+17.7%	1,6 M €	+13.4%	1,4 M €	+17.7%	1,2 M €	+109%	562,6 k €	+29.2%	435,5 k €	+18.4%	367,7 k €	-49.5%	727,6 k €	+8.7%	669,6 k €	+9.1%	613,7 k €	-24.0%	807,6 k €	+4.4%	773,6 k €	+2.9%	752 k €	+6.1%	708,8 k €	+882%	-90,6 k €	-689%	15,4 k €	-31.5%	22,5 k €
Total assets	4,1 M €	-14.7%	4,8 M €	+120%	2,2 M €	+4.4%	2,1 M €	-5.5%	2,2 M €	+6.1%	2,1 M €	+12.9%	1,8 M €	-1.5%	1,9 M €	-1.6%	1,9 M €	+0.1%	1,9 M €	-1.5%	1,9 M €	-1.4%	2 M €	+1.7%	1,9 M €	+0.6%	1,9 M €	+18.9%	1,6 M €	+17.5%	1,4 M €	+122%	618,3 k €	+7.9%	573 k €	-0.7%	576,8 k €
Cash	11,1 k €	+251%	3,1 k €	-95.9%	75,9 k €	+9.6%	69,3 k €	+450%	12,6 k €	-64.8%	35,8 k €	+26.0%	28,4 k €	-10.8%	31,8 k €	+270%	8,6 k €	-12.7%	9,8 k €	+15588%	62,7 €		–		128,5 €	-98.4%	8,1 k €	+31.3%	6,2 k €	+412%	1,2 k €	-71.7%	4,3 k €	+709%	526,6 €	-83.9%	3,3 k €
Debts	452,6 k €	-9.9%	502,6 k €	+59.9%	314,4 k €	-37.2%	500,9 k €	-38.9%	820 k €	-9.0%	901,2 k €	-29.2%	1,3 M €	-10.9%	1,4 M €	-6.4%	1,5 M €	+29.7%	1,2 M €	-6.8%	1,3 M €	-6.2%	1,3 M €	+20.1%	1,1 M €	-2.0%	1,1 M €	+32.9%	861,9 k €	+29.7%	664,4 k €	-6.3%	709 k €	+27.1%	557,6 k €	+0.6%	554,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Erwin Grusenmeyer

Director · since 06 mai 2009

Active

Burgerlijke maatschap Grusenmeyer & kinderen

Administrator - manager · 0758.384.897

Represented by Erwin Grusenmeyer

Active

Ended mandates

Erwin GRUSENMEYER

Manager · since 06 mai 2009

Ended

Kathleen BORGHMANS

Manager · since 30 septembre 2008

Ended

Erwin GRUSENMEYER

Manager · since 06 juillet 2007

Ended

Erwin Grusenmeyer

Director

Ended

At this address

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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	11/06/2026	31/08/2025	02/07/2024	25/05/2023	15/06/2022	30/06/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	30/04/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/04/2026	11/06/2026	Dutch	PDF
Micro model	31/12/2024	25/04/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	26/04/2024	02/07/2024	Dutch	PDF
Micro modelCorrection	31/12/2022	28/04/2023	25/05/2023	Dutch	PDF
Micro model	31/12/2022	28/04/2023	23/05/2023	Dutch	PDF
Micro model	31/12/2021	29/04/2022	15/06/2022	Dutch	PDF
Micro model	31/12/2020	30/04/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	24/04/2020	30/08/2020	Dutch	PDF
Micro model	31/12/2018	26/04/2019	18/07/2019	Dutch	PDF
Micro model	31/12/2017	26/01/2018	09/08/2018	Dutch	PDF
Abridged model	30/09/2016	27/01/2017	16/03/2017	Dutch	PDF
Abridged model	30/09/2015	29/01/2016	04/03/2016	Dutch	PDF
Abridged model	30/09/2014	30/01/2015	13/03/2015	Dutch	PDF
Abridged model	30/09/2013	31/01/2014	07/05/2014	Dutch	PDF
Abridged model	30/09/2012	25/01/2013	31/05/2013	Dutch	PDF
Abridged model	30/09/2011	27/01/2012	28/03/2012	Dutch	PDF
Abridged model	30/09/2010	28/01/2011	14/02/2011	Dutch	PDF
Abridged model	30/09/2009	29/01/2010	09/02/2010	Dutch	PDF
Abridged model	30/09/2008	30/01/2009	30/01/2009	Dutch	PDF
Abridged model	30/09/2007	25/01/2008	25/01/2008	Dutch	PDF
Abridged model	30/09/2006	26/01/2007	15/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 5 ended

Active mandates

Erwin Grusenmeyer

Director · since 06 mai 2009

Active

Burgerlijke maatschap Grusenmeyer & kinderen

Administrator - manager · 0758.384.897

Represented by Erwin Grusenmeyer

Active

Ended mandates

Erwin GRUSENMEYER

Manager · since 06 mai 2009

Ended

Kathleen BORGHMANS

Manager · since 30 septembre 2008

Ended

Erwin GRUSENMEYER

Manager · since 06 juillet 2007

Ended

Erwin Grusenmeyer

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other17/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2017
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares09/09/2014
KAPITAAL - AANDELEN
PDF
Capital / shares15/10/2010
KAPITAAL - AANDELEN
PDF
Mandates22/10/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2009
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - 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 2025285,5 k €↓
2024
Annual accounts 20242,5 M €↑
2023
Annual accounts 2023278 k €↑
2022
Annual accounts 2022186 k €↓
2021
Annual accounts 2021208,1 k €↓
2020
Annual accounts 2020611,4 k €↑
2019
Annual accounts 2019129,1 k €↑
2018
Annual accounts 201867,8 k €↓
2017
Annual accounts 201790,1 k €↑
2016
Annual accounts 201658 k €↑
2015
Annual accounts 201555,9 k €↓
2014
Annual accounts 201456,5 k €↑
2013
Annual accounts 201334,1 k €↑
2012
Annual accounts 201221,6 k €↓
2011
Annual accounts 201169 k €↑
2010
Annual accounts 201067,9 k €↑
2009
Annual accounts 2009-106 k €↓
2008
Annual accounts 2008-7,1 k €↓
2007
Annual accounts 20075,5 k €
11/12/2003
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

RWN

Overview

What does RWN 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