TWC is a specialised building contractor in Zwalm. Private Limited, started on 29 February 2016, 1 establishment.

What is the address of TWC?

The registered office of TWC is located at Lindestraat(Ned) 9, 9636 Zwalm.

Yes. According to the CBE (30 October 2026) TWC is active, legal situation “Normale toestand”, started on 29 February 2016.

Is TWC registered on Peppol?

Yes, TWC is registered on the Peppol network with ID 0208:0649551194.

What is the enterprise number of TWC?

The enterprise number of TWC is BE0649551194.

When was TWC founded?

TWC was founded on 29 February 2016.

Who are the directors of TWC?

According to the 2025 annual accounts, the directors of TWC are: Thibaud Muller, Bieke Dewulf.

Is TWC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 February 2016; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did TWC make in 2025?

TWC recorded a loss after taxes of € 27,852 in financial year 2025.

What is the revenue of TWC?

As a small company, TWC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 932,878.

How much does an employee at TWC earn?

The average wage cost per full-time employee at TWC was € 67,600 in 2025: staff costs of € 858,300 for 12.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TWC have?

According to the 2025 annual accounts, TWC has 12.7 full-time equivalents (FTE).

TWC (Private Limited) - Zwalm - BE0649551194

Dossier TWC, printed on 30 October 2026 from databakkes.be/en/0649551194/twc. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TWC from Zwalm, company number BE0649551194, closed financial year 2025 with a result of € -27,852 after tax. For that financial year TWC recorded a gross margin of € 932,878 and equity of € 238,426. Compared with financial year 2024, the result moved from € 96,252 to € -27,852. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.

What it is worth Healthy

€ 238,426

▼ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -27,852

▼ still € 96,252 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 94,707

▲ 32% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 219,826.

People and assets in 2025

Full-time equivalents

12.7

▲ 0.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 858,300

▲ 10% vs 2024

€ 67,600 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.

Vehicles and equipment

€ 310,753

▲ 100% vs 2024

Of which on lease € 233,881.

Debts at end 2025

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 928,509

▲ 40% vs 2024

€ 91,616 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 895,910

▲ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 105,021

▲ 3% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 712,339 Gross margin 2022: € 712,339 First fiscal year in the series	€ 813,602 Gross margin 2023: € 813,602 ▲ 14% vs 2022 (€ 712,339) Favourable step	€ 1,081,255 Gross margin 2024: € 1,081,255 ▲ 33% vs 2023 (€ 813,602) Favourable step	€ 932,878 Gross margin 2025: € 932,878 ▼ 14% vs 2024 (€ 1,081,255) Unfavourable step	▼ 14%
Profit after taxes	€ 18,098 Profit after taxes 2022: € 18,098 First fiscal year in the series	€ 37,799 Profit after taxes 2023: € 37,799 ▲ 109% vs 2022 (€ 18,098) Favourable step	€ 96,252 Profit after taxes 2024: € 96,252 ▲ 155% vs 2023 (€ 37,799) Favourable step	€ -27,852 Profit after taxes 2025: € -27,852 ▼ € 124,104 vs 2024 (€ 96,252) Unfavourable step	▼ € 124,104
Equity	€ 169,196 Equity 2022: € 169,196 First fiscal year in the series	€ 170,026 Equity 2023: € 170,026 Unchanged (€ 169,196) Favourable step	€ 266,278 Equity 2024: € 266,278 ▲ 57% vs 2023 (€ 170,026) Favourable step	€ 238,426 Equity 2025: € 238,426 ▼ 10% vs 2024 (€ 266,278) Unfavourable step	▼ 10%
Total debts	€ 808,522 Total debts 2022: € 808,522 First fiscal year in the series	€ 891,908 Total debts 2023: € 891,908 ▲ 10% vs 2022 (€ 808,522) Unfavourable step	€ 1,533,392 Total debts 2024: € 1,533,392 ▲ 72% vs 2023 (€ 891,908) Unfavourable step	€ 1,944,275 Total debts 2025: € 1,944,275 ▲ 27% vs 2024 (€ 1,533,392) Unfavourable step	▲ 27%
Cash	€ 42,854 Cash 2022: € 42,854 First fiscal year in the series	€ 138,810 Cash 2023: € 138,810 ▲ 224% vs 2022 (€ 42,854) Favourable step	€ 72,016 Cash 2024: € 72,016 ▼ 48% vs 2023 (€ 138,810) Unfavourable step	€ 94,707 Cash 2025: € 94,707 ▲ 32% vs 2024 (€ 72,016) Favourable step	▲ 32%
Land & buildings	€ 3,526 Land & buildings 2022: € 3,526 First fiscal year in the series	€ 4,326 Land & buildings 2023: € 4,326 ▲ 23% vs 2022 (€ 3,526) Unchanged	€ 480,972 Land & buildings 2024: € 480,972 ▲ € 476,646 vs 2023 (€ 4,326) Unchanged	€ 658,338 Land & buildings 2025: € 658,338 ▲ 37% vs 2024 (€ 480,972) Unchanged	▲ 37%
Retained profit	€ 150,596 Retained profit 2022: € 150,596 First fiscal year in the series	€ 151,426 Retained profit 2023: € 151,426 ▲ 1% vs 2022 (€ 150,596) Favourable step	€ 247,678 Retained profit 2024: € 247,678 ▲ 64% vs 2023 (€ 151,426) Favourable step	€ 219,826 Retained profit 2025: € 219,826 ▼ 11% vs 2024 (€ 247,678) Unfavourable step	▼ 11%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 36,968 Dividend 2023: € 36,968 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 36,968) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 401,381 Bank debt 2022: € 401,381 First fiscal year in the series	€ 288,611 Bank debt 2023: € 288,611 ▼ 28% vs 2022 (€ 401,381) Favourable step	€ 665,261 Bank debt 2024: € 665,261 ▲ 131% vs 2023 (€ 288,611) Unfavourable step	€ 928,509 Bank debt 2025: € 928,509 ▲ 40% vs 2024 (€ 665,261) Unfavourable step	▲ 40%
Balance sheet total	€ 977,718 Balance sheet total 2022: € 977,718 First fiscal year in the series	€ 1,061,934 Balance sheet total 2023: € 1,061,934 ▲ 9% vs 2022 (€ 977,718) Unchanged	€ 1,799,670 Balance sheet total 2024: € 1,799,670 ▲ 69% vs 2023 (€ 1,061,934) Unchanged	€ 2,182,701 Balance sheet total 2025: € 2,182,701 ▲ 21% vs 2024 (€ 1,799,670) Unchanged	▲ 21%
Employees (FTE)	11.1 Employees (FTE) 2022: 11.1 First fiscal year in the series	10.3 Employees (FTE) 2023: 10.3 ▼ 0.8 vs 2022 (11.1) Unchanged	12.2 Employees (FTE) 2024: 12.2 ▲ 1.9 vs 2023 (10.3) Unchanged	12.7 Employees (FTE) 2025: 12.7 ▲ 0.5 vs 2024 (12.2) Unchanged	▲ 0.5

Key figures of TWC, 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 October 2026.

What happened to TWC?

What happened at TWC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 31, 2025 New annual accounts for financial year 2025: loss of € 27,852 (▼ € 124,104 vs 2024). Source: NBB ↗
Mar 2, 2016 New establishment in Zwalm. KBO
2016 Thibaud Muller became a director. NBB
2016 Bieke Dewulf became a director. NBB
Feb 29, 2016 Start of the company according to the CBE. KBO

In short

From € 18,098 profit in 2022 to € 27,852 loss in 2025.

Paid € 72,904 in corporate taxes since 2022.

Best year ever: 2024, with € 96,252 profit.

On average € 73,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Thibaud Muller Bieke Dewulf

BIT Estate

TWC

Behind TWC are Thibaud Muller and Bieke Dewulf. The same people are also behind BIT Estate.

Directors

According to the 2025 annual accounts

Thibaud Muller

Director

Also active at: BIT Estate

since 2016

Bieke Dewulf

Director

Also active at: BIT Estate

since 2016

Establishments

Establishment units

Physical locations of this company

Registered office

Lindestraat(Ned) 9

9636 Zwalm

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

BIT Estate same network

€ -4,947 gross margin · 2025

Brick'n Bond

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0649.551.194

VAT number

BE 0649.551.194

Registered office

Lindestraat(Ned) 9, 9636 Zwalm

Names & denominations

TWC

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 February 2016

Peppol

Active · Active since 24 Nov 2023

Activities · NACE

Dakwerkzaamheden

Ontwikkeling van residentiële bouwprojecten

Ontwikkeling van niet-residentiële bouwprojecten

Overige industrie, neg

View on CBE Public ↗ Annual accounts (NBB) ↗

TWC