Financials
Financial year 2025
IWP PROJECTS from Assenede, company number BE0691767574, closed financial year 2025 with a result of € 83,092 after tax. For that financial year IWP PROJECTS recorded a gross margin of € 181,995 and equity of € 70,898. Compared with financial year 2024, the result moved from € 52,582 to € 83,092. 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 June 25, 2026.
€ 70,898
▼ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,092
▲ 58% vs 2024
Profit after tax over the fiscal year.
€ 47,672
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 130,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 35,746
▼ 36% 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.
€ 30,820
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,547
€ 31,173 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 71,547
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,121
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 238,898 | € 142,457 | € 160,211 | € 181,995 | ▲ 14% |
| Profit after taxes | € 86,727 | € 29,342 | € 52,582 | € 83,092 | ▲ 58% |
| Equity | € 195,881 | € 115,223 | € 117,805 | € 70,898 | ▼ 40% |
| Total debts | € 303,945 | € 378,077 | € 227,521 | € 339,639 | ▲ 49% |
| Cash | € 88,089 | € 79,724 | € 45,060 | € 47,672 | ▲ 6% |
| Land & buildings | € 98,529 | € 110,467 | € 105,338 | € 109,985 | ▲ 4% |
| Retained profit | € 177,281 | € 96,623 | € 99,205 | € 52,298 | ▼ 47% |
| Dividend | € 0 | € 110,000 | € 50,000 | € 130,000 | ▲ 160% |
| Bank debt | € 205,675 | € 170,134 | € 132,976 | € 133,547 | |
| Balance sheet total | € 499,826 | € 493,300 | € 345,326 | € 410,537 | ▲ 19% |
| Employees (FTE) | 1.8 | 1.2 | - | - |
Key figures of IWP PROJECTS, 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 IWP PROJECTS?
What happened at IWP PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,092 (▲ 58% vs 2024). Source: NBB ↗
- Nathalie Hertschap stepped down as director. NBB
- New establishment in Assenede. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,727 profit in 2022 to € 83,092 profit in 2025.
Paid € 75,847 in corporate taxes since 2022.
Best year ever: 2022, with € 86,727 profit.
On average € 118,700 of value added per employee in 2023.
Management
Behind IWP PROJECTS is Kennie Poppe.
Directors
According to the 2025 annual accounts
Kennie Poppe
Director
Nathalie Hertschap
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Landsdijk 102
9968 Assenede
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0691.767.574
- VAT number
- BE 0691.767.574
- Registered office
- Landsdijk 102, 9968 Assenede
- Names & denominations
- IWP PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2018
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Schrijnwerk
Overige werkzaamheden in verband met de afwerking van gebouwen
Stukadoorswerk