Financials
- Fiscal year
- 2025
- Total assets
- €19,912
- Loss
- -€7,226
- Solvency
- -3.6%
Total assets▼ 1.8%
Net result
20192025
BA&W
ActiveSummary
The computed 12-month bankruptcy probability of BA&W is 2.1% (moderate). The 2025 annual accounts show negative equity (-€711) and a net result of -€7,226. Equity is shrinking by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 434 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Manufacture of machinery and equipment not elsewhere classified
NACE 28299
1 site
How big
€19,912total assets 2025
- Equity
- -€711
- Loss
- -€7,226
Turnover not published (abridged schema)
Who decides
Accounts filed 39 d late0 of 3 deeds read
Why 51- Loss of €7,226 (FY 2025)- Latest accounts 39 days late; 1 of the last 3 late- Negative equity -€711+ Size: total assets €19,912Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 6% of its sector peers (NACE 28, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
21-36
equity -3.6% of total assets
Liquidity
6-10
short-term debt 103.6% · cash 4.6%
Profitability
0-41
return on assets -36.3%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.7%
12-2024: 1.7%● 0.0% vs 11-2024
01-2025: 1.6%▼ -3.4% vs 12-2024
02-2025: 1.6%● 0.0% vs 01-2025
03-2025: 1.7%▲ +3.2% vs 02-2025
04-2025: 1.7%▲ +3.1% vs 03-2025
05-2025: 1.7%▲ +0.4% vs 04-2025
06-2025: 1.7%▼ -2.9% vs 05-2025
07-2025: 1.7%▲ +4.9% vs 06-2025
08-2025: 1.0%▼ -40.0% vs 07-2025
09-2025: 1.0%● 0.0% vs 08-2025
10-2025: 1.0%● 0.0% vs 09-2025
11-2025: 1.0%▼ -7.5% vs 10-2025
12-2025: 1.0%● 0.0% vs 11-2025
01-2026: 0.9%▼ -8.6% vs 12-2025
02-2026: 0.9%● 0.0% vs 01-2026
03-2026: 0.9%▲ +3.5% vs 02-2026
04-2026: 1.0%▲ +8.4% vs 03-2026
05-2026: 0.8%▼ -15.3% vs 04-2026
06-2026: 0.8%▼ -3.1% vs 05-2026lowest value
07-2026: 0.9%▲ +5.7% vs 06-2026
08-2026: 1.3%▲ +53.3% vs 07-2026
09-2026: 1.7%▲ +28.2% vs 08-2026
10-2026: 2.1%▲ +23.6% vs 09-2026highest value
- Size: total assets €19,912 lowers the probability for this profile
- Loss of €7,226 (FY 2025) raises the probability
- Latest accounts 39 days late; 1 of the last 3 late raises the probability
- Negative equity -€711 raises the probability
No credit on open account
Liquidity short (current ratio 0.27 against 1.37 in 2024; short-term debt: 103.6% and cash: 4.6% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, micro). Better than this share of them on solvency 11%, liquidity 6%, profitability 5%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
19202122232425
2019 to 2025 · latest year -€711
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 08-09-2026, 39 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 · 7 filingsDeviation from the deadline
2025
39 d late
2024
27 d early
2023
on the day
2022
2 d early
2021
51 d late
2020
2 d early
2019
115 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 25 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 1 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2020
- Next accounts
- by 31-07-2027
- 08-09-2026Annual accounts filed
- 04-07-2025Annual accounts filed
- 31-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28299
- Founded
- 22-03-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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