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B & W

Active
Private limited companyfounded 201015 yrs activeRocherath,Auf der Gasse 3, 4761 Büllingen, BelgiumKBO/BCE: BE 0831.409.467
Summary

B & W has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€97,654) and a net result of -€14,342. Equity is shrinking by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability29▲+2
Solvency0▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 32.1% and cash: 0.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-26.9%
Return on assets
-3.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€97,654
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
25 d late
2023
28 d late
2022
31 d late
2021
80 d late
2020
30 d late
2019
46 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 23 November 2010, B & W was incorporated.1 Total assets went from EUR 509,550 in 2018 to EUR 363,605 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,342▲ 10.0%
2024 · -€15,933
Working capital
-€115,299▼ 8.7%
2024 · -€106,066
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€13,842▼ 102%-€13,223▲ 4.5%-€8,318▲ 37.1%-€4,441▲ 46.6%-€4,638▼ 4.4%
Net result-€23,292▼ 41.1%-€26,697▼ 14.6%-€21,220▲ 20.5%-€15,933▲ 24.9%-€14,342▲ 10.0%
Equity-€19,463-€46,160▼ 137%-€67,380▼ 46.0%-€83,312▼ 23.6%-€97,654▼ 17.2%
Total assets€454,864▼ 5.1%€436,096▼ 4.1%€408,973▼ 6.2%€386,242▼ 5.6%€363,605▼ 5.9%
Debt€474,327▼ 0.3%€482,256▲ 1.7%€476,353▼ 1.2%€469,554▼ 1.4%€461,260▼ 1.8%
Working capital-€63,234▲ 9.6%-€81,424▼ 28.8%-€96,141▼ 18.1%-€106,066▼ 10.3%-€115,299▼ 8.7%
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2021: -€13,842-€13,842Net result 2021: -€23,292-€23,292Operating result 2022: -€13,223-€13,223Net result 2022: -€26,697-€26,697Operating result 2023: -€8,318-€8,318Net result 2023: -€21,220-€21,220Operating result 2024: -€4,441-€4,441Net result 2024: -€15,933-€15,933Operating result 2025: -€4,638-€4,638Net result 2025: -€14,342-€14,34220212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€8,318-€8,320Net result 2023: -€21,220-€21,200Operating result 2024: -€4,441-€4,440Net result 2024: -€15,933-€15,900Operating result 2025: -€4,638-€4,640Net result 2025: -€14,342-€14,300202320242025
The operating result stays negative: a loss of €4,638 in 2025 against €4,441 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363,605
Fixed assets €362,260 ▼ 5.9%
Current assets €1,346 ▼ 7.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€17,897▼
2024 · €18,498
Cash flow
€8,193▲
2024 · €7,007
Solvency
-26.9%▼
2024 · -21.6%
Current ratio
0.01▼
2024 · 0.01
Debt to equity
-4.72▲
2024 · -5.64
ROA
-3.9%▲
2024 · -4.1%
Interest coverage
1.84▲
2024 · 1.61
Debt ≤ 1 year
€116,645▲
2024 · €107,514
Debt > 1 year
€344,615▼
2024 · €362,041
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€386,242€363,605▼
Fixed assets21/28€384,794€362,260▼
Tangible fixed assets22/27€384,794€362,260▼
Land and buildings22€383,927€362,101▼
Plant, machinery and equipment23€867€158▼
Current assets29/58€1,448€1,346▼
Cash at bank and in hand54/58€397€232▼
Deferred charges and accrued income490/1€1,050€1,114▲
Equity and liabilities
Total equity and liabilities10/49€386,242€363,605▼
Equity10/15-€83,312-€97,654▼
Contributions10/11€138,600€138,600=
Profit (loss) carried forward14-€221,912-€236,254▼
Amounts payable17/49€469,554€461,260▼
Amounts payable after more than one year17€362,041€344,615▼
Financial debts170/4€362,041€344,615▼
Amounts payable within one year42/48€107,514€116,645▲
Current portion of amounts payable after more than one year42€16,932€17,426▲
Trade debts44€10,382€9,019▼
Suppliers440/4€10,382€9,019▼
Other amounts payable47/48€80,200€90,200▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,940€22,534▼
Other operating charges640/8€2,444€2,278▼
Gross operating margin9900€20,943€20,175▼
Operating profit (loss)9901-€4,441-€4,638▼
Financial charges65/66B€11,492€9,704▼
Recurring financial charges65€11,492€9,704▼
Profit (loss) for the period before taxes9903-€15,933-€14,342▲
Profit (loss) for the period9904-€15,933-€14,342▲
Profit (loss) for the period to be appropriated9905-€15,933-€14,342▲
Appropriation of the result
Profit (loss) to be appropriated9906-€221,912-€236,254▼
Profit (loss) brought forward from the previous period14P-€205,980-€221,912▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,940€22,940€22,940€22,940€22,534▼ 1.8%
Other operating charges640/8€2,211€2,297€2,935€2,444€2,278▼ 6.8%
Gross operating margin9900€11,308€12,013€17,557€20,943€20,175▼ 3.7%
Operating profit (loss)9901-€13,842-€13,223-€8,318-€4,441-€4,638▼ 4.4%
Financial income75/76B€51-----
Recurring financial income75€51-----
Financial charges65/66B€9,502€13,474€12,902€11,492€9,704▼ 15.6%
Recurring financial charges65€9,502€13,474€12,902€11,492€9,704▼ 15.6%
Profit (loss) for the period before taxes9903-€23,292-€26,697-€21,220-€15,933-€14,342▲ 10.0%
Profit (loss) for the period9904-€23,292-€26,697-€21,220-€15,933-€14,342▲ 10.0%
Profit (loss) for the period to be appropriated9905-€23,292-€26,697-€21,220-€15,933-€14,342▲ 10.0%
Line20212022202320242025Change
Assets
Total assets20/58€454,864€436,096€408,973€386,242€363,605▼ 5.9%
Fixed assets21/28€453,613€430,673€407,734€384,794€362,260▼ 5.9%
Tangible fixed assets22/27€453,613€430,673€407,734€384,794€362,260▼ 5.9%
Land and buildings22€450,621€428,390€406,159€383,927€362,101▼ 5.7%
Plant, machinery and equipment23€2,992€2,283€1,575€867€158▼ 81.7%
Current assets29/58€1,251€5,423€1,240€1,448€1,346▼ 7.0%
Amounts receivable within one year40/41-€3,303----
Trade receivables40-€3,303----
Cash at bank and in hand54/58€433€1,218€245€397€232▼ 41.7%
Deferred charges and accrued income490/1€818€902€994€1,050€1,114▲ 6.1%
Equity and liabilities
Total equity and liabilities10/49€454,864€436,096€408,973€386,242€363,605▼ 5.9%
Equity10/15-€19,463-€46,160-€67,380-€83,312-€97,654▼ 17.2%
Contributions10/11€138,600€138,600€138,600€138,600€138,600=
Profit (loss) carried forward14-€158,063-€184,760-€205,980-€221,912-€236,254▼ 6.5%
Amounts payable17/49€474,327€482,256€476,353€469,554€461,260▼ 1.8%
Amounts payable after more than one year17€409,842€395,408€378,972€362,041€344,615▼ 4.8%
Financial debts170/4€409,842€395,408€378,972€362,041€344,615▼ 4.8%
Amounts payable within one year42/48€64,485€86,847€97,380€107,514€116,645▲ 8.5%
Current portion of amounts payable after more than one year42€15,905€15,986€16,436€16,932€17,426▲ 2.9%
Trade debts44€6,380€8,588€13,218€10,382€9,019▼ 13.1%
Suppliers440/4€6,380€8,588€13,218€10,382€9,019▼ 13.1%
Taxes, remuneration and social security45-€573€27---
Taxes450/3-€573€27---
Other amounts payable47/48€42,200€61,700€67,700€80,200€90,200▲ 12.5%
Line20212022202320242025Change
Profit (loss) for the period9904-€23,292-€26,697-€21,220-€15,933-€14,342▲ 10.0%
+ Depreciation and write-downs630€22,940€22,940€22,940€22,940€22,534▼ 1.8%
Operating cash flow (approximation)-€353-€3,757€1,720€7,007€8,193▲ 16.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€785-€973€152-€166▼ 209%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema · 25 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema · 28 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema · 31 days late
2022
31-12
Financial Weakest financial yearnet -€26,697
Net result drops to -€26,697, the lowest in the series; recovery starts the following year.
19-10
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema · 80 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · unclassified schema · 30 days late
2020
15-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
23-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Büllingen · 1 establishment unit since 2010
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.

Rocherath,Auf der Gasse 34761 Büllingen
1 establishment unit
Rocherath,Auf der Gasse 3, 4761 Büllingen
Civil engineering
since 20102.194.689.039

Similar companies · same sector, comparable size

Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 1,737 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
Founded23-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0831409467
Also 9925:BE0831409467
Registered 05-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.