Financials
Financial year 2025
BWTEC from Lo-Reninge, company number BE0695529689, closed financial year 2025 with a result of € 167,860 after tax. For that financial year BWTEC recorded a gross margin of € 275,944 and equity of € 381,479. Compared with financial year 2024, the result moved from € 158,118 to € 167,860. Profitable, and profit is growing. 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 March 6, 2026.
€ 381,479
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 167,860
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 184,070
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
89 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 40,403
▼ 36% vs 2024
Of which on lease € 960.
Debts at end 2025
€ 88,276
▲ 47% vs 2024
€ 25,345 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 103,112
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 384,746 | € 421,742 | € 262,428 | € 275,944 | ▲ 5% |
| Profit after taxes | € 250,572 | € 283,088 | € 158,118 | € 167,860 | ▲ 6% |
| Equity | € 272,414 | € 555,502 | € 363,619 | € 381,479 | ▲ 5% |
| Total debts | € 632,363 | € 344,172 | € 509,738 | € 356,484 | ▼ 30% |
| Cash | € 304,332 | € 181,331 | € 275,945 | € 184,070 | ▼ 33% |
| Land & buildings | € 81,217 | € 76,210 | € 71,203 | € 66,195 | ▼ 7% |
| Retained profit | € 253,814 | € 536,902 | € 345,019 | € 362,879 | ▲ 5% |
| Dividend | € 400,000 | € 0 | € 350,000 | € 150,000 | ▼ 57% |
| Bank debt | € 126,391 | € 86,575 | € 59,869 | € 88,276 | ▲ 47% |
| Balance sheet total | € 904,777 | € 899,674 | € 873,358 | € 737,963 | ▼ 16% |
Key figures of BWTEC, 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 April 2027.
What happened to BWTEC?
What happened at BWTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 167,860 (▲ 6% vs 2024). Source: NBB ↗
- New establishment in Lo-Reninge. KBO
- Start of the company according to the CBE. KBO
In short
From € 250,572 profit in 2022 to € 167,860 profit in 2025.
Paid € 282,531 in corporate taxes since 2022.
Best year ever: 2023, with € 283,088 profit.
Paid out € 900,000 in dividends to the owners in total.
Management
Behind BWTEC is Wouter Beirnaert.
Directors
According to the 2025 annual accounts
Wouter Beirnaert
Director
Establishments
Establishment units
Physical locations of this company
Middelstraat(Ren) 36
8647 Lo-Reninge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.529.689
- VAT number
- BE 0695.529.689
- Registered office
- Middelstraat(Ren) 36, 8647 Lo-Reninge
- Names & denominations
- BWTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2018
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Algemene elektrotechnische installatiewerken
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Installatie van isolatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Isolatiewerkzaamheden
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering