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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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LDW ASSOCIES from Namur, company number BE0677513227, closed financial year 2025 with a result of € 235,459 after tax. For that financial year LDW ASSOCIES recorded a gross margin of € 501,127 and equity of € 409,430. Compared with financial year 2024, the result moved from € 199,117 to € 235,459. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 409,430
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 235,459
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 161,881
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 100,560
▲ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 20,797
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 409,621
▼ 14% vs 2024
€ 60,142 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 41,591
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,747
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 316,535 | € 407,778 | € 465,810 | € 501,127 | ▲ 8% |
| Profit after taxes | € 174,662 | € 151,141 | € 199,117 | € 235,459 | ▲ 18% |
| Equity | € 283,639 | € 404,781 | € 478,898 | € 409,430 | ▼ 15% |
| Total debts | € 790,847 | € 700,813 | € 701,020 | € 824,491 | ▲ 18% |
| Cash | € 224,832 | € 71,830 | € 140,539 | € 161,881 | ▲ 15% |
| Land & buildings | € 619,243 | € 666,915 | € 645,202 | € 625,254 | ▼ 3% |
| Retained profit | € 265,039 | € 386,181 | € 460,298 | € 390,830 | ▼ 15% |
| Dividend | € 100,000 | € 30,000 | € 125,000 | € 300,000 | ▲ 140% |
| Bank debt | € 580,349 | € 555,648 | € 477,029 | € 409,621 | ▼ 14% |
| Balance sheet total | € 1,074,486 | € 1,105,593 | € 1,179,918 | € 1,233,921 | ▲ 5% |
Key figures of LDW ASSOCIES, 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 LDW ASSOCIES?
What happened at LDW ASSOCIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 235,459 (▲ 18% vs 2024). Source: NBB ↗
- François MASSON became a director. NBB
- New establishment in Wavre. KBO
- Christelle de WIN became a director. NBB
- New establishment in Namur. KBO
- Guillaume LEGRAIN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 174,662 profit in 2022 to € 235,459 profit in 2025.
Paid € 215,622 in corporate taxes since 2022.
Best year ever: 2025, with € 235,459 profit.
Paid out € 555,000 in dividends to the owners in total.
A new publication or filing at LDW ASSOCIES? 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 FRM Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LDW ASSOCIESBehind LDW ASSOCIES are Guillaume LEGRAIN, Christelle de WIN and François MASSON. The shares are held by FRM Consulting.
Directors
According to the 2025 annual accounts
since 2017
Christelle de WIN
Managing director
since 2021
François MASSON
Director
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Acquises(NN) 44
5100 Namur
Avenue Henri Lepage 57
1300 Wavre
Active since 1 October 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0677.513.227
- VAT number
- BE 0677.513.227
- Registered office
- Rue des Acquises(NN) 44, 5100 Namur
- Names & denominations
- LDW ASSOCIES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2017
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants