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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FTW from Nassogne, company number BE0479986484, closed financial year 2025 with a result of € 55,529 after tax. For that financial year FTW recorded a gross margin of € 259,920 and equity of € 172,455. Compared with financial year 2024, the result moved from € -67,681 to € 55,529. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 172,455
▲ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,529
▲ still € 67,681 loss in 2024
Profit after tax over the fiscal year.
€ 41,368
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -412,185.
People and assets in 2025
€ 3,859
▼ 76% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,405
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 993,370
▲ 12% vs 2024
€ 175,978 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 115,498
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,602
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 79,821 | € 219,802 | € 213,006 | € 259,920 | ▲ 22% |
| Profit after taxes | € -114,245 | € -57,060 | € -67,681 | € 55,529 | ▲ € 123,210 |
| Equity | € 241,666 | € 184,606 | € 116,925 | € 172,455 | ▲ 47% |
| Total debts | € 2,503,585 | € 2,464,981 | € 2,304,249 | € 2,316,555 | ▲ 1% |
| Cash | € 26,549 | € 76,797 | € 45,383 | € 41,368 | ▼ 9% |
| Land & buildings | € 1,682,908 | € 1,682,675 | € 1,613,335 | € 1,723,106 | ▲ 7% |
| Retained profit | € -342,974 | € -400,034 | € -467,715 | € -412,185 | ▲ € 55,529 |
| Bank debt | € 985,682 | € 1,014,114 | € 885,006 | € 993,370 | ▲ 12% |
| Balance sheet total | € 2,745,251 | € 2,649,587 | € 2,421,174 | € 2,489,010 | ▲ 3% |
Key figures of FTW, 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 FTW?
What happened at FTW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 55,529. Source: NBB ↗
- New establishment in Nassogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,245 loss in 2022 to € 55,529 profit in 2025.
Paid € 88,449 in corporate taxes since 2022.
Best year ever: 2025, with € 55,529 profit.
Management
Behind FTW are Christa HAUTEKEETE, Christopher TIMMERMAN, STEPHANIE PLANCKAERT, Eddy Junior Planckaert, Francesco PLANCKAERT and Eddy PLANCKAERT. It owns 50% of ZWOL itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Ways,Lesterny 1
6953 Nassogne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.986.484
- VAT number
- BE 0479.986.484
- Registered office
- Ways,Lesterny 1, 6953 Nassogne
- Names & denominations
- FTW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2003
- Peppol
- Active · Active since 24 Dec 2025
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