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Andy Pauwels

Active
Private limited companyfounded 2020active for 6 yearsDriekoningenstraat(S.B.V.) 10B, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0746.466.171
Summary

The computed 12-month bankruptcy probability of Andy Pauwels is 4.3% (elevated). The 2025 annual accounts show equity of €120,208 and a net result of €1,409, of which €2,480 non-recurring income. Equity has been growing by about 23% per year since 2020. Its solvency ranks better than 21% of 34,946 sector peers (NACE 43, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 22-04-2020 Normal situation
Activity
Joinery installation NACE 43320
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
Establishment unit
2.302.114.064 8710 Wielsbeke, since 22-04-2020
Financial year end
31 December
Peppol
Reachable since 30-10-2023

Board and ownership

Board
  • Andy PauwelsDirector

Financial position

47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.3%
Annual accounts 2025
Gross margin
€137,662
▼ 3.6%
Turnover
≈ €550,000
estimated
Profit
€1,409
▼ 68.0%
Equity
€120,208
▲ 1.2%
Total assets
€613,493
▼ 8.7%
Employees on 31-12-2025
2
=
  • 2025 accounts filed 31 days after the deadline
Filed on 31-08-2026
Score breakdownraises riskLiquidity: current ratio 1.38, cash €8, halvedLast filed accounts filed 31 days late; 1 of the last 3 accounts late1 change of registered office in 24 monthsFounded in 2020Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 30% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 45+2
equity 19.6% of total assets
Liquidity 45=
short-term debt 17.3% · cash 0.0%
Profitability 50-6
return on assets 0.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 2.2% 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.2%● unchanged vs 01-2025 03-2025: 2.2%● unchanged vs 02-2025 04-2025: 2.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%▼ -1.0 percentage point vs 04-2025lowest value 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 2.1%▲ +0.8 percentage points vs 07-2025 09-2025: 2.1%● unchanged vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.2%▲ +0.1 percentage points vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.4%▲ +0.2 percentage points vs 03-2026 05-2026: 2.8%▲ +0.4 percentage points vs 04-2026 06-2026: 2.9%▲ +0.1 percentage points vs 05-2026 07-2026: 2.7%▼ -0.2 percentage points vs 06-2026 08-2026: 3.8%▲ +1.1 percentage points vs 07-2026 09-2026: 4.3%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 4.3%● unchanged vs 09-2026highest value 11-2026: 4.3%● unchanged vs 10-2026highest value
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.38 (1.32 in 2024), below the usual 1.5. Short-term debt is 17.3% and cash 0% of total assets. 80.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 21% of them on solvency, 36% on liquidity, 24% on profitability and 38% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.38, cash €8, halved
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 34946 sector peers (2025).
NBB · sector comparison
Position among 34946 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · 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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
31 days late
2024
118 days early
2023
19 days early
2022
41 days early
2021
17 days late
2020
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 27 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 6 profitable years in a rowprofit 2025: €1,409, mostly one-off 6 years View
  • Higher gross margin than 83% of companies in specialised constructionsector median €39,319 · 34,906 companies €137,662 View

Recent changes

  1. · Gazette deed Registered office moved within WielsbekePermanent representative: Ward BOUCKAERT
  2. · Gazette deed Incorporation
All 11 events

Comparable companies

These companies have the same main activity as Andy Pauwels: joinery installation (NACE 43320). They are comparable in size and age: total assets between €546,000 and €729,000, founded between 2019 and 2020.

CompanyTotal assetsGross margin
Andy Pauwels Wielsbeke€613,493€137,662
SCHRIJNWERKEN RAES Middelkerke€680,866€129,016
VANDENBROUCKE R&M Lichtervelde€643,120€163,670
DERBOCO SCHRIJNWERKEN Wingene€669,028€163,987
DMJ INTERIEUR Tielt€545,890€161,832
SEBALION Kortrijk€729,133€129,343
Timo Mortier Ichtegem€579,424€132,495
Full comparison

Key facts about Andy Pauwels

What is the company number of Andy Pauwels?
The company number of Andy Pauwels is 0746.466.171. The VAT number is the same number with BE in front: BE 0746.466.171.
Where is Andy Pauwels based?
The registered office is at Driekoningenstraat(S.B.V.) 10B, 8710 Wielsbeke.Company details
What does Andy Pauwels do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Andy Pauwels?
The legal form of Andy Pauwels is Private limited company (BV).
When was Andy Pauwels founded?
Andy Pauwels was founded on 22-04-2020.
Is Andy Pauwels still active?
Yes, Andy Pauwels is an active enterprise in the KBO register.
How many employees does Andy Pauwels have?
Andy Pauwels had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Andy Pauwels fall under?
In its 2025 annual accounts, Andy Pauwels states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of Andy Pauwels?
The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €137,662 and 37 comparable companies (NACE 43320). It probably lies between €370,000 and €690,000.
Is Andy Pauwels profitable?
In financial year 2025, Andy Pauwels made a profit of €1,409.
Where can I find the annual accounts of Andy Pauwels?
Andy Pauwels filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Andy Pauwels due?
Andy Pauwels must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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