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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Exploitatiemaatschappij IW from Gent, company number BE0506809558, closed financial year 2025 with a result of € -48,253 after tax. For that financial year Exploitatiemaatschappij IW recorded a gross margin of € 1.1 million and equity of € 205,211. Compared with financial year 2024, the result moved from € -33,850 to € -48,253. The company made a loss. The buffer shrank hard: equity is 84 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 205,211
▼ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,253
▼ 43 % more loss than in 2024
Profit after tax over the fiscal year.
€ 443,153
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -813,339.
People and assets in 2025
8.9
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 525,646
▼ 3% vs 2024
€ 59,100 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.
€ 1,429
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 175,957
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 96,064
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 677,450 | € 1,195,547 | € 1,143,708 | € 1,090,956 | ▼ 5% |
| Profit after taxes | € -152,002 | € -13,378 | € -33,850 | € -48,253 | ▼ € 14,403 |
| Equity | € 1,300,692 | € 1,287,314 | € 1,253,463 | € 205,211 | ▼ 84% |
| Total debts | € 472,592 | € 709,378 | € 782,636 | € 792,921 | ▲ 1% |
| Cash | € 516,599 | € 612,188 | € 683,485 | € 443,153 | ▼ 35% |
| Land & buildings | € 1,185,546 | € 948,437 | € 711,327 | € 474,218 | ▼ 33% |
| Retained profit | € -717,858 | € -731,236 | € -765,087 | € -813,339 | ▼ € 48,253 |
| Balance sheet total | € 1,773,284 | € 1,996,691 | € 2,036,100 | € 998,132 | ▼ 51% |
| Employees (FTE) | 9.7 | 8.5 | 8.5 | 8.9 | ▲ 0.4 |
Key figures of Exploitatiemaatschappij IW, 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 Exploitatiemaatschappij IW?
What happened at Exploitatiemaatschappij IW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,253. Source: NBB ↗
- J5S BV became a director. NBB
- Belgische Renovatiemaatschappij NV became a director. NBB
- Pieter Depoortere Management BV became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 152,002 loss in 2022 to € 48,253 loss in 2025.
Paid € 709 in corporate taxes since 2022.
On average € 122,600 of value added per employee in 2025.
A new publication or filing at Exploitatiemaatschappij IW? We notify you, reason included.
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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
The stake of EUROPESE PARTICIPATIEMAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Exploitatiemaatschappij IWBehind Exploitatiemaatschappij IW are J5S BV, Belgische Renovatiemaatschappij NV and Pieter Depoortere Management BV. The shares are held by EUROPESE PARTICIPATIEMAATSCHAPPIJ (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Debucquoy Jonathan
Also active at: KENNEDY HOTEL, KOBELMA, JURES, UNIBRICKS, BRICKS & LEISURE VASTGOED, EUROPEAN REAL ESTATE - INVESTMENTS, BOUWADVIES EN -COÖRDINATIE, BRICKS FINANCIAL SERVICES +25 more
since 2025
Belgische Renovatiemaatschappij NV
Managing director · represented by Debucquoy Jochen
Also active at: KENNEDY HOTEL, KOBELMA, BOUWADVIES EN -COÖRDINATIE, EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE, Real Estate Support Services, EXPLOITATIEMAATSCHAPPIJ ISK, CREADOMUS PROJECTONTWIKKELING, EUROPESE PARTICIPATIEMAATSCHAPPIJ +7 more
since 2025
Pieter Depoortere Management BV
Managing director · represented by Depoortere Pieter
Also active at: KENNEDY HOTEL, KOBELMA, EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE, Real Estate Support Services, EXPLOITATIEMAATSCHAPPIJ ISK, CREADOMUS PROJECTONTWIKKELING, EUROPESE PARTICIPATIEMAATSCHAPPIJ, BELGISCHE RENOVATIEMAATSCHAPPIJ +9 more
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1041
9051 Gent
Rue du Manil 91
1301 Wavre
Active since 12 December 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE same network
€ 972,920 gross margin · 2025
Real Estate Support Services same network
€ 814,306 gross margin · 2025
EXPLOITATIEMAATSCHAPPIJ ISK same network
€ 1.4 million gross margin · 2025
SBR-I same network
€ 343,466 gross margin · 2025
CREADOMUS PROJECTONTWIKKELING same network
€ -1,330 gross margin · 2025
+8 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
- 0506.809.558
- VAT number
- BE 0506.809.558
- Registered office
- Kortrijksesteenweg 1041, 9051 Gent
- Names & denominations
- Exploitatiemaatschappij IW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2014
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Hotels en dergelijke accommodatie