AW CONCEPT
Judicial reorganisationSummary
The file of AW CONCEPT contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for AW CONCEPT the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€17,683) and a net result of -€27,347. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 28254 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 9 September 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260015
- Moratorium until
- 9 January 2027
- Creditors' vote
- 6 January 2027
- Delegated judge
- Martial Seghers
- Official Gazette
- 16-09-2026 (pdf) ↗search the document for 2026/137347
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 9 January 2027, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-62
Solvency13▼-17
Growth32▼-46
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.47 against 1.78 in 2024; short-term debt: 62.2% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€17,683
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
28 d early
2023
15 d early
2022
20 d early
2021
31 d early
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Painting of buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€17,683
2024 · €9,664
Total assets
€149,488▼ 26.7%
2024 · €203,855
Net result
-€27,347
2024 · €8,664
Working capital
€44,112▼ 43.8%
2024 · €78,527
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,761€15,377▲ 75.5%€107,960▲ 602%€8,927▼ 91.7%-€25,644
Net result€7,552within the sector's middle half€12,858within the sector's middle half▲ 70.2%€86,903above the sector's middle half▲ 576%€8,664within the sector's middle half▼ 90.0%-€27,347below the sector's middle half
Equity-€334below the sector's middle half▲ 95.8%€12,524below the sector's middle half€1,000below the sector's middle half▼ 92.0%€9,664below the sector's middle half▲ 866%-€17,683below the sector's middle half
Total assets€98,591within the sector's middle half▲ 22.3%€125,454within the sector's middle half▲ 27.2%€293,430within the sector's middle half▲ 134%€203,855within the sector's middle half▼ 30.5%€149,488within the sector's middle half▼ 26.7%
Debt€98,925▲ 11.8%€112,930▲ 14.2%€292,430▲ 159%€194,191▼ 33.6%€167,171▼ 13.9%
Working capital€41,438within the sector's middle half▲ 111%€77,374within the sector's middle half▲ 86.7%€60,140within the sector's middle half▼ 22.3%€78,527within the sector's middle half▲ 30.6%€44,112within the sector's middle half▼ 43.8%
Solvency-0.3%below the sector's middle half▲ 9.4pp10.0%below the sector's middle half▲ 10.3pp0.3%below the sector's middle half▼ 9.6pp4.7%below the sector's middle half▲ 4.4pp-11.8%below the sector's middle half▼ 16.6pp
Current ratio2.34within the sector's middle half▲ 0.543.58above the sector's middle half▲ 1.241.31within the sector's middle half▼ 2.271.78within the sector's middle half▲ 0.471.47within the sector's middle half▼ 0.30
Return on assets (ROA)7.7%within the sector's middle half▲ 18.7pp10.2%within the sector's middle half▲ 2.6pp29.6%above the sector's middle half▲ 19.4pp4.3%within the sector's middle half▼ 25.4pp-18.3%below the sector's middle half▼ 22.5pp
Staff (FTE)2.3▲ 4.5%2.8▲ 21.7%2.6▼ 7.1%2.2▼ 15.4%2▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25,644 after €8,927 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,488
Fixed assets
€12,430 ▼ 49.4%
Current assets
€137,058 ▼ 23.6%
Key figures and ratios
EBITDA
-€14,408▼
2024 · €23,486
Cash flow
-€16,111▼
2024 · €23,223
Quick ratio
1.47▼
2024 · 1.70
Debt to equity
-9.45▼
2024 · 20.09
Interest coverage
-1.83▼
2024 · 4.53
Debt ≤ 1 year
€92,946▼
2024 · €100,771
Debt > 1 year
€2,797▼
2024 · €10,996
Income taxes
€141▼
2024 · €2,707
Staff costs
€69,790▼
2024 · €92,586
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,369 | €125 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €93,402 | €105,858 | €128,623 | €92,586 | €69,790 | ▼ 24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,799 | €9,140 | €12,457 | €14,559 | €11,235 | ▼ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,078 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,220 | €1,368 | €1,292 | €941 | €5,376 | ▲ 472% |
| Non-recurring operating charges66A | - | - | €760 | €0 | €891 | - |
| Gross operating margin9900 | €114,181 | €131,743 | €251,092 | €119,090 | €61,649 | ▼ 48.2% |
| Operating profit (loss)9901 | €8,761 | €15,377 | €107,960 | €8,927 | -€25,644 | ▼ 387% |
| Financial income75/76B | €1,290 | €3,334 | €5,843 | €7,625 | €6,296 | ▼ 17.4% |
| Recurring financial income75 | €1,290 | €3,334 | €5,843 | €7,625 | €6,296 | ▼ 17.4% |
| Financial charges65/66B | €2,362 | €2,110 | €7,083 | €5,181 | €7,858 | ▲ 51.7% |
| Recurring financial charges65 | €2,362 | €2,110 | €7,083 | €5,181 | €7,858 | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €7,689 | €16,601 | €106,720 | €11,371 | -€27,206 | ▼ 339% |
| Income taxes67/77 | €136 | €3,743 | €19,817 | €2,707 | €141 | ▼ 94.8% |
| Profit (loss) for the period9904 | €7,552 | €12,858 | €86,903 | €8,664 | -€27,347 | ▼ 416% |
| Profit (loss) for the period to be appropriated9905 | €7,552 | €12,858 | €86,903 | €8,664 | -€27,347 | ▼ 416% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,591 | €125,454 | €293,430 | €203,855 | €149,488 | ▼ 26.7% |
| Fixed assets21/28 | €26,327 | €18,106 | €38,137 | €24,557 | €12,430 | ▼ 49.4% |
| Intangible fixed assets21 | €1,548 | €1,158 | €768 | €378 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €24,316 | €16,485 | €37,006 | €23,815 | €12,067 | ▼ 49.3% |
| Land and buildings22 | €1,454 | €1,266 | €1,079 | €891 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €252 | €108 | €954 | €564 | €175 | ▼ 69.0% |
| Furniture and vehicles24 | €22,610 | €15,111 | €34,973 | €22,360 | €11,892 | ▼ 46.8% |
| Financial fixed assets28 | €463 | €463 | €363 | €363 | €363 | = |
| Current assets29/58 | €72,264 | €107,347 | €255,293 | €179,298 | €137,058 | ▼ 23.6% |
| Stocks and contracts in progress3 | €8,317 | €6,460 | €2,503 | €7,537 | €673 | ▼ 91.1% |
| Stocks30/36 | €8,317 | €6,460 | €2,503 | €0 | - | - |
| Contracts in progress37 | - | - | - | €7,537 | €673 | ▼ 91.1% |
| Amounts receivable within one year40/41 | €35,269 | €90,197 | €198,095 | €169,840 | €134,743 | ▼ 20.7% |
| Trade receivables40 | €10,019 | €18,073 | €30,055 | €38,910 | €36,969 | ▼ 5.0% |
| Other amounts receivable41 | €25,250 | €72,123 | €168,040 | €130,929 | €97,774 | ▼ 25.3% |
| Cash at bank and in hand54/58 | €27,637 | €9,435 | €53,512 | €1,122 | €327 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | €1,041 | €1,256 | €1,183 | €799 | €1,316 | ▲ 64.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,591 | €125,454 | €293,430 | €203,855 | €149,488 | ▼ 26.7% |
| Equity10/15 | -€334 | €12,524 | €1,000 | €9,664 | -€17,683 | ▼ 283% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€1,334 | €11,524 | €0 | €8,664 | -€18,683 | ▼ 316% |
| Amounts payable17/49 | €98,925 | €112,930 | €292,430 | €194,191 | €167,171 | ▼ 13.9% |
| Amounts payable after more than one year17 | €34,864 | €20,996 | €23,939 | €10,996 | €2,797 | ▼ 74.6% |
| Financial debts170/4 | €34,864 | €20,996 | €23,939 | €10,996 | €2,797 | ▼ 74.6% |
| Amounts payable within one year42/48 | €30,826 | €29,973 | €195,153 | €100,771 | €92,946 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €13,621 | €13,867 | €17,874 | €12,310 | €7,532 | ▼ 38.8% |
| Financial debts43 | - | - | €37,000 | €0 | - | - |
| Credit institutions430/8 | - | - | €37,000 | €0 | - | - |
| Trade debts44 | €15,555 | €9,527 | €29,894 | €59,241 | €39,686 | ▼ 33.0% |
| Suppliers440/4 | €15,359 | €9,527 | €29,894 | €59,241 | €39,248 | ▼ 33.7% |
| Bills of exchange payable441 | €196 | €0 | - | - | €438 | - |
| Taxes, remuneration and social security45 | €1,650 | €6,578 | €24,997 | €29,220 | €45,728 | ▲ 56.5% |
| Taxes450/3 | €1,650 | €6,578 | €16,869 | €18,519 | €20,328 | ▲ 9.8% |
| Remuneration and social security454/9 | €0 | - | €8,128 | €10,701 | €25,401 | ▲ 137% |
| Other amounts payable47/48 | - | - | €85,388 | €0 | - | - |
| Accrued charges and deferred income492/3 | €33,235 | €61,960 | €73,338 | €82,424 | €71,428 | ▼ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,552 | €12,858 | €86,903 | €8,664 | -€27,347 | ▼ 416% |
| + Depreciation and write-downs630 | €10,799 | €9,140 | €12,457 | €14,559 | €11,235 | ▼ 22.8% |
| Operating cash flow (approximation) | €18,352 | €21,998 | €99,360 | €23,223 | -€16,111 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€919 | -€32,487 | -€978 | €891 | ▲ 191% |
| Change in cash | - | -€18,202 | €44,077 | -€52,389 | -€796 | ▲ 98.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement (SME) · event 09-09-2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€27,347
Net result drops to -€27,347, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €86,903 ▲576%
Operating result €107,960, net result €86,903, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,552
Net result €7,552 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2019
Ground area
488 m²
Building footprint
146 m²
Volume, LiDAR
644 m³
Parcel 57030B0075/00N004, Wallonia · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AW CONCEPT
since 20192.296.966.433
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57030B0075/00N004 | Wallonia | 488 m² | 1 · 146 m² | 5.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 1,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
Contact
E-mail
info@awconcept.beTournai
Phone
0496682042Tournai
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735776870
Registered
30-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.