Andy Pauwels

Active

Private limited companyfounded 20206 yrs activeDriekoningenstraat(S.B.V.) 10B, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0746.466.171

The computed 12-month bankruptcy probability of Andy Pauwels is 1.9% (moderate). The 2025 annual accounts show equity of €120k and a net result of €1k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 27450 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

49 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability50▼-6

Solvency45▲+2

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.32 in 2024; short-term debt: 17.3% and cash: 0% of total assets), and 80.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

19.6%

Return on assets

0.2%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27450 sector peers (2025).

NBB · sector comparison

Position among 27450 sector peers

Solvency

better than 21%

← weakest strongest →

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 6 filings

Deviation from the deadline

2025

31 d late

2024

118 d early

2023

19 d early

2022

41 d early

2021

17 d late

2020

32 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€120k▲ 1.2%

2024 · €119k

2020: €13k 2021: €31k 2022: €84k 2023: €114k 2024: €119k

2020 → 2025

Total assets

€613k▼ 8.7%

2024 · €672k

2020: €83k 2021: €101k 2022: €576k 2023: €725k 2024: €672k

2020 → 2025

Net result

€1k▼ 68.0%

2024 · €4k

2020: €3k 2021: €18k 2022: €53k 2023: €30k 2024: €4k

2020 → 2025

Working capital

€40k▲ 3.0%

2024 · €39k

2020: €18k 2021: €41k 2022: €52k 2023: €76k 2024: €39k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€31k-€84k▲ 172%€114k▲ 36.3%€119k▲ 3.9%€120k▲ 1.2%

Operating result€23k-€64k▲ 183%€46k▼ 27.3%€23k▼ 50.9%€20k▼ 10.9%

Net result€18k-€53k▲ 192%€30k▼ 42.6%€4k▼ 85.5%€1k▼ 68.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €613k

76.1%

23.9%

Fixed assets €467k▼ 8.7%

Current assets €146k▼ 8.8%

Equity and liabilities €613k

19.6%

80.4%

Equity €120k▲ 1.2%

Debt €493k▼ 10.9%

The debt ratio falls from 82.3% to 80.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€71k▼

2024 · €79k

Cash flow

€52k▼

2024 · €61k

Solvency

19.6%▲

2024 · 17.7%

Current ratio

1.38▲

2024 · 1.32

Quick ratio

0.90▼

2024 · 0.97

Debt / equity

4.10▼

2024 · 4.66

ROE

1.2%▼

2024 · 3.7%

ROA

0.2%▼

2024 · 0.7%

Interest coverage

3.75▼

2024 · 4.36

Debt

€493k▼

2024 · €553k

Debt ≤ 1 year

€106k▼

2024 · €122k

Debt > 1 year

€386k▼

2024 · €432k

Income taxes

€184▲

2024 · €168

Staff costs

€63k▲

2024 · €59k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€672k€613k▼

Fixed assets21/28€512k€467k▼

Intangible fixed assets21€950€550▼

Tangible fixed assets22/27€511k€466k▼

Land and buildings22€358k€342k▼

Plant, machinery and equipment23€10k€10k▲

Furniture and vehicles24€78k€57k▼

Leasing and similar rights25€64k€57k▼

Current assets29/58€161k€146k▼

Stocks and contracts in progress3€43k€51k▲

Stocks30/36€43k€51k▲

Amounts receivable within one year40/41€111k€90k▼

Trade receivables40€110k€76k▼

Other amounts receivable41€665€14k▲

Cash at bank and in hand54/58€919€8▼

Deferred charges and accrued income490/1€6k€5k▼

Equity and liabilities

Total equity and liabilities10/49€672k€613k▼

Equity10/15€119k€120k▲

Contributions10/11€10k€10k=

Reserves13€109k€110k▲

Distributable reserves133€109k€110k▲

Amounts payable17/49€553k€493k▼

Amounts payable after more than one year17€432k€386k▼

Financial debts170/4€349k€302k▼

Other amounts payable178/9€83k€84k▲

Amounts payable within one year42/48€122k€106k▼

Current portion of amounts payable after more than one year42€45k€47k▲

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€64k€41k▼

Suppliers440/4€64k€41k▼

Taxes, remuneration and social security45€13k€18k▲

Taxes450/3€7k€793▼

Remuneration and social security454/9€6k€17k▲

Accrued charges and deferred income492/3-€545

Income statement Code20242025

Non-recurring operating income76A€23k€2k▼

Remuneration, social security and pensions62€59k€63k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€51k▼

Other operating charges640/8€4k€4k▼

Gross operating margin9900€143k€138k▼

Operating profit (loss)9901€23k€20k▼

Financial income75/76B€43€190▲

Recurring financial income75€43€190▲

Financial charges65/66B€18k€19k▲

Recurring financial charges65€18k€19k▲

Profit (loss) for the period before taxes9903€5k€2k▼

Income taxes67/77€168€184▲

Profit (loss) for the period9904€4k€1k▼

Profit (loss) for the period to be appropriated9905€4k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€1k▼

Transfer to equity691/2€4k€1k▼

To other reserves6921€4k€1k▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €1k ▼68%

Net result drops to €1k, the lowest in the series.

04-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

12-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €100kEq €114k ▲36.3%

4 profitable years in a row build equity to €114k.

20-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2020net €53k ▲192%

Operating result €64k, net result €53k, both a record.

17-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 17 days late

2021

29-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Wielsbeke · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Driekoningenstraat(S.B.V.) 10B8710 Wielsbeke

Ground area

184 m²

Building footprint

134 m²

Volume, LiDAR

845 m³

Parcel 37014A0221/00L004, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Andy Pauwels

Driekoningenstraat(S.B.V.) 10, 8710 WielsbekeManufacture of other builders' carpentry and joinery

since 20202.302.114.064

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37014A0221/00L004	Flanders	184 m²	1 · 134 m²	8.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 2,717 EUR awarded · 2,717 EUR paid

Year	Entries	awarded	paid
2025	1	1,160 EUR	1,160 EUR
2024	1	814 EUR	814 EUR
2023	1	743 EUR	743 EUR

Schemes

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

3 entries · 2,717 EUR · 2,717 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €120k

BOURDEAUD'HUY - THIENPONT

Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 7,703 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-04-2020

Fiscal year end31-12

Activities, NACEBEL

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.