Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2024; threshold 65 %.
-
Late annual account NBB
Fiscal year 2024 was filed 315 days after the legal deadline.
-
Busy address KBO
70 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
CWT International from Sint-Joost-ten-Node, company number BE0457855638, closed financial year 2024 with a result of € -6.4 million after tax. For that financial year CWT International recorded revenue of € 2.8 million and equity of € -45 million. Compared with financial year 2023, the result moved from € -3.6 million to € -6.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ -45 million
▼ € 6.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.4 million
▼ 79 % more loss than in 2023
Profit after tax over the fiscal year.
€ 2.4 million
▼ 18% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -55.1 million.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 22% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 215,271
▼ 52% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 5.9 million
▲ 3% vs 2023
Loans from banks and other lenders, long and short.
€ 1.8 million
▼ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 352 days on average.
€ 210,846
▼ 15% vs 2023
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,048,715 | € 3,464,739 | € 3,314,112 | € 2,785,433 | ▼ 16% |
| Profit after taxes | € -4,069,903 | € -8,739,085 | € -3,583,996 | € -6,424,022 | ▼ € 2.8 million |
| Equity | € -28,754,972 | € -35,394,057 | € -38,824,053 | € -45,048,075 | ▼ € 6.2 million |
| Total debts | € 32,992,689 | € 38,878,605 | € 43,008,243 | € 47,831,042 | ▲ 11% |
| Cash | € 4,092,102 | € 1,627,447 | € 2,887,827 | € 2,367,854 | ▼ 18% |
| Retained profit | € -36,398,581 | € -45,137,666 | € -48,721,662 | € -55,145,683 | ▼ € 6.4 million |
| Bank debt | € 5,479,687 | € 5,618,622 | € 5,760,410 | € 5,905,778 | ▲ 3% |
| Balance sheet total | € 8,858,786 | € 8,836,952 | € 9,459,201 | € 8,213,071 | ▼ 13% |
| Employees (FTE) | 192 | 0.1 | 0 | 0 |
Key figures of CWT International, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CWT International?
What happened at CWT International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jerome Gandriaux stepped down as director. NBB
- Benjamin Graulich stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 6.4 million. filed late Source: NBB ↗
- Jerome Gandriaux became a director. NBB
- Benjamin Graulich became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.1 million loss in 2021 to € 6.4 million loss in 2024.
Paid € 86,297 in corporate taxes since 2021.
A new publication or filing at CWT International? We notify you, reason included.
Follow CWT InternationalDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
It owns 100% of CWT Polska SP ZOO, 100% of CWT Czeh Republic S.R.O. and 99% of CWT Ukraine itself.
Directors
According to the 2024 annual accounts
Jerome Gandriaux
Director
since 2026 · until 2032
Benjamin Graulich
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Bolwerklaan 21
1210 Sint-Joost-ten-Node
Sint-Lazaruslaan 4-10
1210 Sint-Joost-ten-Node
Active since 22 August 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 70 companies are registered at this address.
All companies at this address →DEUTSCH-BELGISCH-LUXEMBURGISCHE HANDELSKAMER - BELGISCH-LUXEMBURGS-DUITSE KAMER VAN KOOPHANDEL - CHAMBRE DE COMMERCE BELGO-LUXEMBOURGEOISE-ALLEMANDE
€ 1.8 million revenue · 2025
MENSURA Service Externe de Prévention et de Protection au travail
€ 128.3 million revenue · 2025
PensioPlus (nederlands)
€ 848,627 gross margin · 2025
GROUPE GM BENELUX
€ 479,759 gross margin · 2025
CWT BELGIUM
€ 7.3 million revenue · 2025
+65 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.855.638
- VAT number
- BE 0457.855.638
- Registered office
- Bolwerklaan 21, 1210 Sint-Joost-ten-Node
- Names & denominations
- CWT International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 1996
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Activiteiten van reisbureaus
Marktonderzoekbureaus
Markt- en opinieonderzoek