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 27 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
RWN from Schilde, company number BE0862147579, closed financial year 2025 with a result of € 285,549 after tax. For that financial year RWN recorded a gross margin of € 159,551 and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 2.5 million to € 285,549. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 3.6 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 285,549
▼ 88% vs 2024
Profit after tax over the fiscal year.
€ 11,056
▲ 251% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 925,919 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 142,092
▼ 15% vs 2024
€ 25,133 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 30
▼ € 77,795 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 310,518
▲ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 365,139 | - | - | |
| Gross margin | € 224,862 | € 208,721 | € 149,595 | € 159,551 | ▲ 7% |
| Profit after taxes | € 186,031 | € 278,040 | € 2,475,941 | € 285,549 | ▼ 88% |
| Equity | € 1,572,211 | € 1,850,251 | € 4,277,843 | € 3,637,474 | ▼ 15% |
| Total debts | € 500,892 | € 314,386 | € 502,630 | € 452,641 | ▼ 10% |
| Cash | € 69,270 | € 75,913 | € 3,148 | € 11,056 | ▲ 251% |
| Land & buildings | € 997,832 | € 994,518 | € 969,907 | € 334,873 | ▼ 65% |
| Retained profit | € 1,522,211 | € 1,800,251 | € 4,227,843 | € 3,587,474 | ▼ 15% |
| Dividend | € 0 | € 0 | € 48,349 | € 925,919 | ▲ € 877,570 |
| Bank debt | € 321,454 | € 190,935 | € 166,748 | € 142,092 | ▼ 15% |
| Balance sheet total | € 2,091,150 | € 2,182,317 | € 4,797,788 | € 4,090,114 | ▼ 15% |
Key figures of RWN, 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 RWN?
What happened at RWN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 285,549 (▼ 88% vs 2024). Source: NBB ↗
- New establishment in Schilde. KBO
- Erwin Grusenmeyer became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 186,031 profit in 2022 to € 285,549 profit in 2025.
Paid € 462,870 in corporate taxes since 2022.
Best year ever: 2024, with € 2.5 million profit.
Paid out € 974,268 in dividends to the owners in total.
A new publication or filing at RWN? 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
Behind RWN are Burgerlijke maatschap Grusenmeyer & kinderen and Erwin Grusenmeyer. It owns 90% of Emendo BV and 50% of Emendo II BV itself.
Directors
According to the 2025 annual accounts
Burgerlijke maatschap Grusenmeyer & kinderen
Administrator-manager · represented by Erwin Grusenmeyer
since 2009
Establishments
Establishment units
Physical locations of this company
Gillès de Pélichylei 115
2970 Schilde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0862.147.579
- VAT number
- BE 0862.147.579
- Registered office
- Gillès de Pélichylei 115, 2970 Schilde
- Names & denominations
- RWN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 2003
- Peppol
- Active · Active since 4 Mar 2025
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen