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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Shrinking team NBB
FTE fell two years in a row, from 10.8 to 8.6.
-
Figures corrected NBB
Corrected annual account filed for 2024.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Made in BW from Nivelles, company number BE0462621506, closed financial year 2024 with a result of € -455,735 after tax. For that financial year Made in BW recorded a gross margin of € 389,333 and equity of € -333,030. Compared with financial year 2023, the result moved from € -185,987 to € -455,735. 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 October 16, 2025.
€ -333,030
▼ € 455,735 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -455,735
▼ 145 % more loss than in 2023
Profit after tax over the fiscal year.
€ 77,171
▼ 43% vs 2023
Cash and bank balances on the last day of the fiscal year.
People and assets in 2024
8.6
▼ 1.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 502,397
▼ 16% vs 2023
€ 58,400 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.
€ 65,868
▲ € 62,759 vs 2023
Of which on lease € 63,920.
Debts at end 2024
€ 45,243
€ 8,478 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 387,148
▲ 52% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 70,105
▲ 36% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 539,041 | € 506,995 | € 417,866 | € 389,333 | ▼ 7% |
| Profit after taxes | € -21,160 | € -99,785 | € -185,987 | € -455,735 | ▼ € 269,749 |
| Equity | € 408,478 | € 308,693 | € 122,706 | € -333,030 | ▼ € 455,735 |
| Total debts | € 277,411 | € 269,607 | € 306,289 | € 502,524 | ▲ 64% |
| Cash | € 384,452 | € 322,945 | € 136,499 | € 77,171 | ▼ 43% |
| Retained profit | € 280,740 | € 180,955 | € -5,032 | € -460,767 | ▼ € 455,735 |
| Bank debt | € 0 | € 0 | € 0 | € 45,243 | |
| Balance sheet total | € 685,888 | € 578,299 | € 428,995 | € 503,923 | ▲ 17% |
| Employees (FTE) | 11.1 | 10.8 | 10.1 | 8.6 | ▼ 1.5 |
Key figures of Made in BW, 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 Made in BW?
What happened at Made in BW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Made in BW is active according to the CBE. Legal situation: Opening faillissement.
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,160 loss in 2021 to € 455,735 loss in 2024.
Paid € 494 in corporate taxes since 2021.
On average € 45,300 of value added per employee in 2024.
Management
Behind Made in BW are IN BW, FWA, CAP INNOV, INVEST BW, PROVINCE DU BW and CEI Louvain. IN BW is also behind Centre d'accompagnement de projets innovants, VALORISATION ET RECYCLAGE DES MATERIAUX DE CONSTRUCTION, SMART ENERGY INVEST II, VALTRIS and WALLONIE DEVELOPPEMENT. FWA is also behind VALORISATION DE LA BIOMASSE, METHA'ORG WALLONIE, INFINO WALLONIE, LIBRASSUR and GAURALIASSUR. INVEST BW is also behind SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, SYBERMAT, SCALE UP, TCO Service and Whitestone Group.
Directors
According to the 2024 annual accounts
Director · represented by Valérie KESSEN
Also active at: Centre d'accompagnement de projets innovants, VALORISATION ET RECYCLAGE DES MATERIAUX DE CONSTRUCTION, SMART ENERGY INVEST II, VALTRIS, WALLONIE DEVELOPPEMENT
Director · represented by Christiane MAUEN
Also active at: VALORISATION DE LA BIOMASSE, METHA'ORG WALLONIE, INFINO WALLONIE, LIBRASSUR, GAURALIASSUR, Contrat de rivière Senne, ASBL Coeur de Condroz
Director · represented by Guy BOUCKAERT
Director · represented by Nathalie OMIN
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, SYBERMAT, SCALE UP, TCO Service, Whitestone Group, n-Side, CROSSFACTORY, REGENERATIVE BEER ALLIANCE +23 more
Director, Trésorier, Chairman of the board · represented by Sophie KEYMOLEN, Pierre HOUBOTTE, Stéphanie BURY, Walter BASSEGIO, Luc D'HONDT, Fernand JOLLY, Delphine DE SAUVAGE, Emmanuel BURTON, Carl CAMBRON
Also active at: Centre culturel du Brabant wallon, SPOTT - Centre culturel d'Ottignies-Louvain-la-Neuve, Centre d'entreprises et d'innovation de Louvain la Neuve, Contrat de rivière Senne
Director · represented by Jean-Marc SIMOENS
Establishments
Establishment units
Physical locations of this company
Rue Albert Einstein 6
1400 Nivelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
PREVIDER-AS, NL
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0462.621.506
- VAT number
- BE 0462.621.506
- Registered office
- Rue Albert Einstein 6, 1400 Nivelles
- Names & denominations
- Made in BW
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Opening faillissement
- Start date
- 28 October 1997
- Peppol
- Not registered
- Contact
- madeinbw.be
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