Financials
Financial year 2025
CW Hospitality from Brugge, company number BE0877839211, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year CW Hospitality recorded revenue of € 9.7 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.3 million. Profitable, and profit is growing. 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 July 31, 2026.
€ 2.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
100 % of the profit went to the shareholders, mostly to WILCO (100 % of the shares). That is where the money ends up.
People and assets in 2025
55.6
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 4% vs 2024
€ 27,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 313,763
▼ 21% vs 2024
Of which on lease € 186,848.
Debts at end 2025
€ 1.5 million
▼ 3% vs 2024
€ 728,155 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 324,204
▲ 159% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 22 days on average.
€ 99,556
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 9,300,817 | € 9,481,592 | € 9,655,468 | ▲ 2% |
| Gross margin | € 3,542,628 | - | - | - | |
| Profit after taxes | € 866,907 | € 920,138 | € 1,276,895 | € 1,316,362 | ▲ 3% |
| Equity | € 1,991,065 | € 2,911,203 | € 2,911,203 | € 2,911,203 | |
| Total debts | € 3,850,092 | € 3,591,740 | € 2,803,425 | € 3,514,114 | ▲ 25% |
| Cash | € 1,275,000 | € 1,559,015 | € 1,136,977 | € 1,291,948 | ▲ 14% |
| Retained profit | € 1,985,982 | € 2,906,120 | € 2,906,120 | € 2,906,120 | |
| Dividend | € 0 | € 0 | € 1,276,895 | € 1,316,362 | ▲ 3% |
| Bank debt | € 2,187,320 | € 1,990,259 | € 1,510,727 | € 1,464,424 | ▼ 3% |
| Balance sheet total | € 5,841,157 | € 6,502,943 | € 5,714,628 | € 6,425,317 | ▲ 12% |
| Employees (FTE) | 42.9 | 51.2 | 54.5 | 55.6 | ▲ 1.1 |
Key figures of CW Hospitality, 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 CW Hospitality?
What happened at CW Hospitality in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 3% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Martijn Willaert became a director. NBB
- Wilco BV became a director. NBB
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
In short
From € 866,907 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
On average € 82,600 of value added per employee in 2022.
Management
The stake of WILCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CW HospitalityBehind CW Hospitality are Martijn Willaert and Wilco BV. The shares are held by WILCO (100%). It owns 100% of Boutique Hotel Group and 50% of Pedavi itself.
Directors
According to the 2025 annual accounts
Martijn Willaert
Director
Also active at: Hotel Helios, BRASSERIE MONTMARTRE, Hotel Biskajer Brugge, Willaert-Callebert Hotel Services, WILCO
since 2024
Director · represented by Willaert Benjamin
Also active at: BOUTIQUE HOTEL GROUP, BRASSERIE MONTMARTRE, Hotel Biskajer Brugge, Willaert-Callebert Hotel Services
since 2024
Shareholders
100%
Participations
100%
50%
Establishments
Establishment units
Physical locations of this company
Heilige-Geeststraat 2
8000 Brugge
Oost-Gistelhof 2
8000 Brugge
Active since 27 November 2018
Hoefijzerlaan 37
8000 Brugge
Active since 5 May 2021
Kartuizerinnenstraat 10
8000 Brugge
Active since 1 October 2021
Hoogpoort 75
9000 Gent
Active since 15 March 2026
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
- 0877.839.211
- VAT number
- BE 0877.839.211
- Registered office
- Heilige-Geeststraat 2, 8000 Brugge
- Names & denominations
- CW Hospitality
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening
Fastfoodzaken, snackbars, frituren en dergelijke
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening