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 9.5 to 6.4.
Financials
Financial year 2025
PWL Construct from Herselt, company number BE0669746396, closed financial year 2025 with a result of € 57,655 after tax. For that financial year PWL Construct recorded a gross margin of € 443,161 and equity of € 268,147. Compared with financial year 2024, the result moved from € 8,666 to € 57,655. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 268,147
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,655
▲ € 48,989 vs 2024
Profit after tax over the fiscal year.
€ 40,545
▼ 32% 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 € 249,547.
People and assets in 2025
6.4
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 280,938
▼ 23% vs 2024
€ 43,900 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.
€ 217,968
▲ 41% 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.
€ 355,399
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,133
▼ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 181,829 | € 488,227 | € 465,564 | € 443,161 | ▼ 5% |
| Profit after taxes | € 85,224 | € 79,217 | € 8,666 | € 57,655 | ▲ € 48,989 |
| Equity | € 122,609 | € 201,825 | € 210,492 | € 268,147 | ▲ 27% |
| Total debts | € 459,799 | € 712,945 | € 628,085 | € 939,698 | ▲ 50% |
| Cash | € 138,310 | € 573,589 | € 59,847 | € 40,545 | ▼ 32% |
| Retained profit | € 104,009 | € 183,225 | € 191,892 | € 249,547 | ▲ 30% |
| Balance sheet total | € 582,407 | € 914,770 | € 838,576 | € 1,207,845 | ▲ 44% |
| Employees (FTE) | - | 9.5 | 8.1 | 6.4 | ▼ 1.7 |
Key figures of PWL Construct, 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 January 2027.
What happened to PWL Construct?
What happened at PWL Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,655 (▲ € 48,989 vs 2024). Source: NBB ↗
- Varidans BV became a director. NBB
- New establishment in Herselt. KBO
- Willemse Investment B.V. BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 85,224 profit in 2022 to € 57,655 profit in 2025.
Paid € 52,831 in corporate taxes since 2022.
Best year ever: 2022, with € 85,224 profit.
On average € 69,200 of value added per employee in 2025.
Management
The stake of HERVAGO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PWL ConstructBehind PWL Construct are Willemse Investment B.V. BV and Varidans BV. The shares are held by HERVAGO (50%).
Directors
According to the 2025 annual accounts
Director · represented by Willemse PETRUS
Also active at: PWL Invest, WL INVEST
since 2017
Director · represented by Laeremans WIM
Also active at: JPW INVEST, LAEGRO, PWL Invest, HERVAGO, WL INVEST, GREENERGY
since 2018
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dieperstraat 110
2230 Herselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0669.746.396
- VAT number
- BE 0669.746.396
- Registered office
- Dieperstraat 110, 2230 Herselt
- Names & denominations
- PWL Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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