Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.2 to 3.3.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SRW HOLDING from Tielt, company number BE0650896922, closed financial year 2025 with a result of € 46,786 after tax. For that financial year SRW HOLDING recorded revenue of € 1.3 million and equity of € 11.7 million. Compared with financial year 2024, the result moved from € 60,078 to € 46,786. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 11.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,786
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 197,522
▲ € 155,093 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 € 1.7 million.
People and assets in 2025
3.3
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 265,934
▼ 21% vs 2024
€ 80,600 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.
€ 88,645
▲ 14% vs 2024
Of which on lease € 44,761.
Debts at end 2025
€ 767,202
▼ 14% vs 2024
€ 166,725 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 72,923
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 51,576
▲ 61% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 924,318 | € 1,097,706 | € 1,209,476 | € 1,267,920 | ▲ 5% |
| Profit after taxes | € -22,252 | € 897,372 | € 60,078 | € 46,786 | ▼ 22% |
| Equity | € 10,701,223 | € 11,598,595 | € 11,658,673 | € 11,705,460 | |
| Total debts | € 8,271,718 | € 7,403,833 | € 7,408,833 | € 7,330,816 | ▼ 1% |
| Cash | € 206,242 | € 65,780 | € 42,429 | € 197,522 | ▲ € 155,093 |
| Retained profit | € 701,223 | € 1,598,595 | € 1,658,673 | € 1,705,460 | ▲ 3% |
| Bank debt | € 1,159,405 | € 1,042,141 | € 890,434 | € 767,202 | ▼ 14% |
| Balance sheet total | € 18,972,941 | € 19,002,428 | € 19,067,506 | € 19,036,276 | |
| Employees (FTE) | 5.1 | 5.2 | 4.6 | 3.3 | ▼ 1.3 |
Key figures of SRW HOLDING, 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 SRW HOLDING?
What happened at SRW HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,786 (▼ 22% vs 2024). Source: NBB ↗
- VT-Invest BV became a director. NBB
- D&E Consult BV became a director. NBB
- Mova-Invest BV became a director. NBB
- Jurgen Monseré BV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,252 loss in 2022 to € 46,786 profit in 2025.
Paid € 29,131 in corporate taxes since 2022.
Best year ever: 2023, with € 897,372 profit.
Pays suppliers within 40 days on average.
Management
The stake of D & L Holding, VT-INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SRW HOLDINGBehind SRW HOLDING are VT-Invest BV, D&E Consult BV, Mova-Invest BV and Jurgen Monseré BV. The shares are held by D & L Holding (30%) and VT-INVEST (30%). It owns 100% of Monseré Grond- en afbraakwerken, 100% of Movatrans, 100% of DV Convest and 100% of Movarec itself.
Directors
According to the 2025 annual accounts
Director · represented by Van Tornhaut Dirk
Also active at: GUSTAAF CUYLAERTS, Algemene Ondernemingen Van Tornhaut, KORLAM, VT-RESIDENTIAL, V - SYSTEMS, COBATIM, STABIL, STECHO +15 more
since 2019
Director · represented by Vuylsteke Dries
since 2019
since 2019
since 2019
Shareholders
30%
30%
Participations
Establishments
Establishment units
Physical locations of this company
Steenovenstraat 98
8760 Tielt
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 →WEGENBOUW IVAN VUYLSTEKE
€ 30.9 million revenue · 2025
MONSERÉ SLOOP- EN GRONDWERKEN same network
€ 1 million gross margin · 2025
SRW GROEP
Tijdelijke maatschap Ivan Vuylsteke - Vanlerberghe
VEURNS RECYCLAGE BEDRIJF
€ 869,768 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
- 0650.896.922
- VAT number
- BE 0650.896.922
- Registered office
- Steenovenstraat 98, 8760 Tielt
- Names & denominations
- SRW HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2016
- Peppol
- Active · Active since 29 Sept 2025
- Contact
- [email protected]
- Activities · NACE
Activiteiten van holdings
Holdings
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