Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 450.3 to 367.5.
Financials
Financial year 2025
Associated Weavers Europe from Ronse, company number BE0400254860, closed financial year 2025 with a result of € -5.8 million after tax. For that financial year Associated Weavers Europe recorded revenue of € 127.3 million and equity of € 20.9 million. Compared with financial year 2023, the result moved from € -9.9 million to € -5.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 20.9 million
▼ 38% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.8 million
▲ 41 % less loss than in 2023
Profit after tax over the fiscal year.
€ 68,746
▼ 38% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.6 million.
People and assets in 2025
367.5
▼ 78.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 20.5 million
▼ 9% vs 2023
€ 55,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 267,273
▼ 69% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23.1 million
▲ 39% vs 2023
Loans from banks and other lenders, long and short.
€ 20.8 million
▼ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 3.7 million
▼ 43% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 140,879,644 | € 139,718,602 | € 139,970,221 | € 127,299,770 | ▼ 9% |
| Profit after taxes | € 3,782,026 | € -4,145,510 | € -9,937,097 | € -5,843,447 | ▲ € 4.1 million |
| Equity | € 47,951,074 | € 43,809,690 | € 33,890,645 | € 20,853,351 | ▼ 38% |
| Total debts | € 46,731,011 | € 36,831,808 | € 50,364,059 | € 48,100,398 | ▼ 4% |
| Cash | € 169,678 | € 29,483 | € 111,021 | € 68,746 | ▼ 38% |
| Land & buildings | € 3,196,106 | € 3,393,699 | € 2,856,978 | € 2,757,823 | ▼ 3% |
| Retained profit | € 19,477,526 | € 15,332,017 | € 5,402,782 | € -7,618,547 | ▼ € 13 million |
| Bank debt | € 11,466,612 | € 5,218,848 | € 16,631,352 | € 23,118,000 | ▲ 39% |
| Balance sheet total | € 94,911,606 | € 80,786,011 | € 84,310,369 | € 68,965,009 | ▼ 18% |
| Employees (FTE) | 456.3 | 450.3 | 445.7 | 367.5 | ▼ 78.2 |
Key figures of Associated Weavers Europe, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Associated Weavers Europe?
What happened at Associated Weavers Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- A.O.C. Consulting BV stepped down as director. NBB
- Luc Blommaert stepped down as director. NBB
- ASSOCIATED WEAVERS INTERNATIONAL NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.8 million. Source: NBB ↗
- BELGOTEX INTERNATIONAL NV stepped down as director. NBB
- A.O.C. Consulting BV became a director. NBB
- Luc Blommaert became a director. NBB
- ASSOCIATED WEAVERS INTERNATIONAL NV became a director. NBB
In short
From € 3.8 million profit in 2021 to € 5.8 million loss in 2025.
Paid € 375,075 in corporate taxes since 2021.
Best year ever: 2021, with € 3.8 million profit.
Pays suppliers within 75 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Associated Weavers International NV (100%) and Borboleta NV (0%). It owns 100% of Borboleta itself.
Directors
According to the 2025 annual accounts
Director · represented by Sebastiaan Deboodt
Also active at: ASSOCIATED WEAVERS INTERNATIONAL
since 2025 · until 2031
Luc Blommaert
Director
Also active at: BORBOLETA, ASSOCIATED WEAVERS INTERNATIONAL, BELGOTEX INTERNATIONAL
since 2024 · until 2030
ASSOCIATED WEAVERS INTERNATIONAL NV
Director · represented by Edward Colle
Also active at: BORBOLETA
since 2023 · until 2030
Director · represented by Michel Van Waeyenberge
Owns 100% via Associated Weavers International NV
Also active at: BORBOLETA, Beaulieu Real Estate, BURCHTDAM, ASSOCIATED WEAVERS INTERNATIONAL, BEAULIEU INTERNATIONAL GROUP, B.I.G COORDINATION CENTER, Beaulieu Residential
since 2020 · until 2026
Shareholders
Associated Weavers International NV · holding of BELGOTEX INTERNATIONAL NV
100%
0%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Weverijstraat 1
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.254.860
- VAT number
- BE 0400.254.860
- Registered office
- Weverijstraat 1, 9600 Ronse
- Names & denominations
- Associated Weavers Europe · AWE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 1964
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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