Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BELWING from Liège, company number BE0674535327, closed financial year 2025 with a result of € 0 after tax. For that financial year BELWING recorded a gross margin of € 456,223 and equity of € 61,500. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. 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 May 20, 2026.
€ 61,500
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 58,469
▼ 1% 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 € 0.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,560
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,932 | € 354,722 | € 354,419 | € 456,223 | ▲ 29% |
| Equity | € 61,500 | € 61,500 | € 61,500 | € 61,500 | |
| Total debts | € 4,913,252 | € 4,462,179 | € 3,968,416 | € 3,250,007 | ▼ 18% |
| Cash | € 57,962 | € 57,864 | € 59,355 | € 58,469 | ▼ 1% |
| Balance sheet total | € 4,974,752 | € 4,523,679 | € 4,029,916 | € 3,311,507 | ▼ 18% |
Key figures of BELWING, 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 BELWING?
What happened at BELWING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marin GERARDY stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 0. Source: NBB ↗
- Marin GERARDY became a director. NBB
- SPARAXIS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 0 profit in 2022 to € 0 profit in 2025.
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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 Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELWINGThe shares are held by Wallonie Entreprendre (80%).
Directors
According to the 2025 annual accounts
Marin GERARDY
Director
since 2024 · until 2026
Director · represented by Karl - Début 22/07/2025 Adams, Marc - Fin 22/07/2025 Degaute
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2017 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Maurice-Destenay 13
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE
€ 14.9 million gross margin · 2025
SPAQuE
€ 10.6 million revenue · 2025
SOGESTIMMO
€ -22,100 gross margin · 2025
B.E. Fin
€ 2.9 million gross margin · 2025
WE Environnement
€ -505,635 gross margin · 2025
+38 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
- 0674.535.327
- VAT number
- BE 0674.535.327
- Registered office
- Avenue Maurice-Destenay 13, 4000 Liège
- Names & denominations
- BELWING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 2017
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen