Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 118.1 to 100.4.
Financials
Financial year 2025
DW Reusables from Bilzen-Hoeselt, company number BE0435623337, closed financial year 2025 with a result of € -39.3 million after tax. For that financial year DW Reusables recorded revenue of € 24.7 million and equity of € 12.3 million. Compared with financial year 2024, the result moved from € 3.9 million to € -39.3 million. The company made a loss. The buffer shrank hard: equity is 76 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 12.3 million
▼ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -39.3 million
▼ still € 3.9 million profit in 2024
Profit after tax over the fiscal year.
€ 4.9 million
▲ € 3.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -21.9 million.
People and assets in 2025
100.4
▼ 15.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.3 million
▼ 10% vs 2024
€ 72,800 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.
€ 88,619
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 37.9 million
▲ 6% vs 2024
€ 5.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 3.8 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 1.4 million
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 44,767,239 | € 49,983,893 | € 41,514,753 | € 24,692,580 | ▼ 41% |
| Profit after taxes | € 1,314,785 | € 4,632,903 | € 3,851,339 | € -39,251,461 | ▼ € 43.1 million |
| Equity | € 11,702,336 | € 16,335,239 | € 51,459,602 | € 12,259,032 | ▼ 76% |
| Total debts | € 36,878,327 | € 35,804,621 | € 41,943,896 | € 43,409,531 | ▲ 3% |
| Cash | € 2,056,682 | € 1,061,989 | € 931,721 | € 4,851,694 | ▲ € 3.9 million |
| Land & buildings | € 652,277 | € 829,429 | € 795,420 | € 736,653 | ▼ 7% |
| Retained profit | € 8,818,151 | € 13,451,054 | € 17,302,393 | € -21,949,068 | ▼ € 39.3 million |
| Bank debt | € 21,631,145 | € 20,941,463 | € 35,695,652 | € 37,886,805 | ▲ 6% |
| Balance sheet total | € 48,587,911 | € 52,144,211 | € 93,403,924 | € 55,673,563 | ▼ 40% |
| Employees (FTE) | 107 | 118.1 | 115.5 | 100.4 | ▼ 15.1 |
Key figures of DW Reusables, fiscal years 2022 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 DW Reusables?
What happened at DW Reusables in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BBNM BV stepped down as director. NBB
- Henry Schmidt stepped down as director. NBB
- Bosxcon BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 39.3 million (▼ € 43.1 million vs 2024). Source: NBB ↗
- BBNM BV became a director. NBB
- Henry Schmidt became a director. NBB
- Bosxcon BV became a director. NBB
- New establishment in Bilzen-Hoeselt. KBO
In short
From € 1.3 million profit in 2022 to € 39.3 million loss in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 4.6 million profit.
Pays suppliers within 76 days on average.
Management
The shares are held by LB UK Holdco Limited (100%). It owns 100% of DW Reusables Sp. z o.o. and 100% of DW Reusables d.o.o. itself.
Directors
According to the 2025 annual accounts
Director · represented by Bert Berghs
since 2025 · until 2030
Henry Schmidt
Director
since 2025 · until 2030
Director · represented by Gerry Bosmans
since 2025 · until 2030
Shareholders
LB UK Holdco Limited
100%
Participations
DW Reusables Sp. z o.o.
100%
DW Reusables d.o.o.
100%
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 26
3740 Bilzen-Hoeselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.623.337
- VAT number
- BE 0435.623.337
- Registered office
- Nijverheidsstraat 26, 3740 Bilzen-Hoeselt
- Names & denominations
- DW Reusables
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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