BAD WEELDE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BAD WEELDE CONSTRUCT is 1.7% (moderate). The annual accounts of BAD WEELDE CONSTRUCT for financial year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €48,393 and a net result of -€68,543. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 23% of 9,806 sector peers (NACE 43, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1 FTE
- Equity
- €48,393
- Loss
- -€68,543
- Largest shareholder
- GORS DEVELOP · 50%
- HEGODirector · permanent representative Heylen Ingrid
- Gors DevelopDirector · permanent representative Heyler Ingrid
- THELODirector · permanent representative LOOYENS Hans
Why 52raises riskLoss of €68,543, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)Equity €48,393 (22.0% of total assets)lowers riskFounded in 2008Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 24% on solvency, 8% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€68,543
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €64,392 in 2025 against €17,978 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 89.6% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,294 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €32,080 | €541 | -€16 | €38,906 | €35,563 | ▼ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,817 | €0 | €609 | €3,980 | €0 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €2,817 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,302 | €1,132 | €1,075 | €975 | €999 | ▲ 2.5% |
| Non-recurring operating charges66A | - | - | - | - | €2,060 | €0 | - | - | - |
| Gross operating margin9900 | €28,822 | €82,196 | €115,608 | €72,790 | €19,820 | €20,790 | €24,720 | -€27,830 | - |
| Operating profit (loss)9901 | €20,589 | €67,596 | €73,890 | €35,428 | €16,086 | €19,732 | -€17,978 | -€64,392 | ▼ 258% |
| Financial income75/76B | - | - | - | €1,406 | €216 | €80 | €342 | €684 | ▲ 99.9% |
| Recurring financial income75 | €0 | €1,255 | €65 | €1,406 | €216 | €80 | €342 | €684 | ▲ 99.9% |
| Financial charges65/66B | - | - | - | €4,321 | €4,686 | €5,767 | €5,437 | €4,836 | ▼ 11.1% |
| Recurring financial charges65 | €2,895 | €6,427 | €4,723 | €4,321 | €4,686 | €5,767 | €5,437 | €4,836 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €17,695 | €62,424 | €69,232 | €32,513 | €11,616 | €14,044 | -€23,073 | -€68,543 | ▼ 197% |
| Income taxes67/77 | €6,174 | €4,044 | €17,973 | €8,865 | €3,188 | €3,489 | €0 | - | - |
| Profit (loss) for the period9904 | €11,520 | €58,381 | €51,259 | €23,648 | €8,428 | €10,555 | -€23,073 | -€68,543 | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €11,520 | €58,381 | €51,259 | €23,648 | €8,428 | €10,555 | -€23,073 | -€68,543 | ▼ 197% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €188,726 | €355,589 | €485,354 | €341,591 | €266,964 | €247,313 | €231,561 | €219,937 | ▼ 5.0% |
| Fixed assets21/28 | - | - | €19,290 | €15,310 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | - | - | €19,290 | €15,310 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €15,310 | €0 | - | - | - | - |
| Current assets29/58 | €188,726 | €355,589 | €466,064 | €326,280 | €266,964 | €247,313 | €231,561 | €219,937 | ▼ 5.0% |
| Stocks and contracts in progress3 | €78,567 | €101,614 | €210,688 | €160,177 | €111,976 | €175,168 | €111,551 | €3,478 | ▼ 96.9% |
| Stocks30/36 | - | - | - | €160,177 | €111,976 | €175,168 | €107,350 | €3,478 | ▼ 96.8% |
| Contracts in progress37 | - | - | - | - | - | - | €4,200 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €103,991 | €192,499 | €229,788 | €133,550 | €97,497 | €36,570 | €110,362 | €206,420 | ▲ 87.0% |
| Trade receivables40 | - | - | - | €28,457 | €13,961 | €5,608 | €50,439 | €180,092 | ▲ 257% |
| Other amounts receivable41 | - | - | - | €105,094 | €83,536 | €30,962 | €59,923 | €26,328 | ▼ 56.1% |
| Cash at bank and in hand54/58 | €6,167 | €61,297 | €25,588 | €32,553 | €57,490 | €35,270 | €9,649 | €10,039 | ▲ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €305 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €188,726 | €355,589 | €485,354 | €341,591 | €266,964 | €247,313 | €231,561 | €219,937 | ▼ 5.0% |
| Equity10/15 | €37,738 | €46,119 | €97,378 | €121,026 | €129,454 | €140,009 | €116,936 | €48,393 | ▼ 58.6% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €84,978 | €108,626 | €117,054 | €127,609 | €104,536 | €35,993 | ▼ 65.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €106,766 | €115,194 | €127,609 | €104,536 | €35,993 | ▼ 65.6% |
| Profit (loss) carried forward14 | €23,478 | €31,859 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €150,987 | €309,469 | €387,976 | €220,564 | €137,510 | €107,304 | €114,625 | €171,544 | ▲ 49.7% |
| Amounts payable after more than one year17 | - | - | €13,228 | €8,752 | €4,215 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €8,752 | €4,215 | €0 | - | - | - |
| Amounts payable within one year42/48 | €150,987 | €308,958 | €364,893 | €193,716 | €131,169 | €106,037 | €107,953 | €170,541 | ▲ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,367 | €12,869 | €4,215 | €0 | - | - |
| Financial debts43 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €33,982 | €57,928 | €59,600 | €101,230 | €51,181 | €34,702 | €38,117 | €50,042 | ▲ 31.3% |
| Suppliers440/4 | - | - | - | €101,230 | €51,181 | €34,702 | €38,117 | €50,042 | ▲ 31.3% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | €19,836 | €42,106 | ▲ 112% |
| Taxes450/3 | - | - | - | €0 | - | - | €19,203 | €42,106 | ▲ 119% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | €633 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €17,120 | €17,120 | €17,120 | €0 | €28,393 | - |
| Accrued charges and deferred income492/3 | - | - | - | €18,096 | €2,126 | €1,267 | €6,672 | €1,003 | ▼ 85.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,520 | €58,381 | €51,259 | €23,648 | €8,428 | €10,555 | -€23,073 | -€68,543 | ▼ 197% |
| + Depreciation and write-downs630 | €5,817 | €0 | €609 | €3,980 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €17,338 | €58,381 | €51,868 | €27,628 | €8,428 | €10,555 | -€23,073 | -€68,543 | ▼ 197% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €15,310 | - | - | - | - |
| Change in cash | - | €55,130 | -€35,709 | €6,964 | €24,938 | -€22,221 | -€25,620 | €390 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00175935 |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00173845 |
| 31-12-2023 | abbreviated format | 11-06-2024 | 2024-00131504 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00387151 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20105652 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-56100553 |
| 31-12-2019 | abbreviated format | 19-10-2020 | 2020-61800021 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-55600344 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-53000530 |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47000304 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gors Develop |
|
| HEGO |
|
| THELO |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
- Sourceaccounts HEGO 202550%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
24-05
Gazette deed
Resignation: GORS DEVELOP BV (director)Permanent representatives: Heyler Ingrid and Heylen Ingrid · Appointment: HEGO BV (director) · Director discharge7 facts ▸
- General meeting, 29-12-2023
- Director resignation, GORS DEVELOP BV (director (not named in the articles))
- Director discharge, GORS DEVELOP BV
- Permanent representative, Heyler Ingrid
- Director appointment, HEGO BV (director (not named in the articles))
- Permanent representative, Heylen Ingrid (vertegenwoordiger bestuurder rechtspersoon)
- Other provision, “verklaring geen verzet-maatregel, niet getroffen door maatregel die zich tegen benoeming verzet” (deed in Dutch)
09-02
Gazette deed
Resignations: THELO (director) and GORS DEVELOP (director)Permanent representatives: LOOYENS Hans and HEYLEN Ingrid · Reappointments: THELO (director) and GORS DEVELOP (director) · Capital conversion15 facts ▸
- General meeting, 22-12-2023
- Other provision, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles (2 times)
- Power of attorney
- Director resignation, THELO (director)
- Permanent representative, LOOYENS Hans
- Director resignation, GORS DEVELOP (director)
- Board rule, 2
- Director reappointment, THELO (director (not named in the articles))
- Permanent representative, HEYLEN Ingrid
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0896.598.615
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13004C0219/00P011 | Flanders | 3,143 m² | 1 · 1,079 m² | 4.2 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwonderneming; Dakbedekking en bouw van dakconstructies; Aanleg van sportaccomodaties; Bouwen van funderingen; Vlechten van ijzer…” (deed in Dutch)
32 activities (deed in Dutch)
- Algemene bouwonderneming
- Dakbedekking en bouw van dakconstructies
- Aanleg van sportaccomodaties
- Bouwen van funderingen
- Vlechten van ijzer en aanbrengen van bekisting
- Uitvoeren van metselwerk
- Aanbrengen van chape
- Bouwen van schoorstenen en industriële ovens
- Bouwen van open haarden,stookplaatsen en sierschouwen
- Monteren van metalen constructiewerken
- Optrekken en afbreken van steigers en werkplatforms
- Voegwerken
- Isolatiewerkzaamheden
- Loodgieterswerk
- Afwerking van gebouwen
- Stukadoorswerk
- Plaatsen van vloer- en wandtegels
- Verhuur van machines voor de bouwnijverheid met bedieningspersoneel
- Draineringswerken,grondwerken en rioleringswerken
- Aanleggen van speelpleinen en sportvelden en parken,tuinen en aanplantingen,het plaatsen van afsluitingen
- Optrekken van paviljoenen en barakken,het restaureren of instandhouden en renoveren van gebouwen en monumenten
- Optrekken van fabrieksschouwen en andere soortgelijke werken,het bouwen van stellingen alsmede voor het invoegen en reinigen van gevels,het droogmaken van gebouwen,warmte -en geluidsisolering,het aanbrengen van gietvloeren,het zandstralen van betonnen vloeren,het plaatsen van ijzerwerk
- Schrijnwerk
- Industriële schilderwerken
- Plaatsen van apparatuur en toestellen voor waterbehandeling van zwembaden
- Leggen en reinigen van septische putten,wegeniswerken,levering van stortklaar beton,pompbeton en betonroosters
- Groothandel in bouwproducten en materialen
- Onderneming in onroerende goederen,welke onder meer omvat:de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en verhuur,het doen bouwen en verbouwen,evenals alle welkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van onroerende leasing.
- Onderneming voor het beheer van eigen beleggingen en vermogens.
- De participatie,onder welke vorm dan ook,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere.
- De verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopoptie,verhandeling,of op iedere wijze.
- De verwerving en de uitbating van brevetten en licenties.
- Name clauseThe name the company operates under according to its articles.
- Bad Weelde Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “In het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks met het voorwerp van de vennootschap verband houden, en/of nodig of…” (deed in Dutch)