Financials
Financial year 2025
KWAGGA from Sint-Martens-Latem, company number BE0474526671, closed financial year 2025 with a result of € 518,304 after tax. For that financial year KWAGGA recorded a gross margin of € 961,060 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 679,959 to € 518,304. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 26, 2026.
€ 1.9 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 518,304
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 895,609 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 129,554
▲ 15% vs 2024
€ 64,800 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.
€ 58,376
▼ 34% vs 2024
Of which on lease € 48,802.
Debts at end 2025
€ 49,737
▼ 31% vs 2024
€ 19,186 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 73,883
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 173,051
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 516,325 | € 1,286,929 | € 1,190,519 | € 961,060 | ▼ 19% |
| Profit after taxes | € 181,387 | € 713,520 | € 679,959 | € 518,304 | ▼ 24% |
| Equity | € 955,786 | € 1,669,306 | € 2,312,765 | € 1,935,460 | ▼ 16% |
| Total debts | € 806,341 | € 938,595 | € 839,179 | € 1,472,240 | ▲ 75% |
| Cash | € 577,564 | € 424,202 | € 819,925 | € 1,073,567 | ▲ 31% |
| Land & buildings | € 629,762 | € 612,184 | € 594,606 | € 577,028 | ▼ 3% |
| Retained profit | € 937,186 | € 1,650,706 | € 2,294,165 | € 1,916,860 | ▼ 16% |
| Dividend | € 0 | € 0 | € 36,500 | € 895,609 | ▲ € 859,109 |
| Bank debt | € 73,497 | € 92,929 | € 71,675 | € 49,737 | ▼ 31% |
| Balance sheet total | € 1,762,127 | € 2,607,901 | € 3,151,944 | € 3,407,699 | ▲ 8% |
| Employees (FTE) | 2.2 | 2.5 | 1.8 | 2 | ▲ 0.2 |
Key figures of KWAGGA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to KWAGGA?
What happened at KWAGGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Knokke-Heist. KBO
- New annual accounts for financial year 2025: profit of € 518,304 (▼ 24% vs 2024). Source: NBB ↗
- WVAM BV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Ellen Christiaen became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 181,387 profit in 2022 to € 518,304 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 713,520 profit.
On average € 480,500 of value added per employee in 2025.
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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
Behind KWAGGA are Ellen Christiaen and WVAM BV. WVAM BV is also behind Heartmade Media, Heartmade Media Services and UP NEXT.
Directors
According to the 2025 annual accounts
Ellen Christiaen
Director
since 2018
Director · represented by Vaesen WILLIAM
Also active at: Heartmade Media, Heartmade Media Services, UP NEXT
since 2023
Establishments
Establishment units
Physical locations of this company
Kapitteldreef 73
9830 Sint-Martens-Latem
Dorp 6
9830 Sint-Martens-Latem
Active since 1 June 2018
Dorp 6+
9830 Sint-Martens-Latem
Active since 1 April 2021
Kustlaan 293
8300 Knokke-Heist
Active since 1 April 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0474.526.671
- VAT number
- BE 0474.526.671
- Registered office
- Kapitteldreef 73, 9830 Sint-Martens-Latem
- Names & denominations
- KWAGGA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 April 2001
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Detailhandel in cultuur- en recreatieartikelen, neg
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Diensten verwant aan de scheppende en uitvoerende kunst
Detailhandel in nieuwe kunstvoorwerpen in gespecialiseerde winkels