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BARWARI

Active
Private limited companyfounded 20215 yrs activeLange Zavelstraat 17, 2060 Antwerpen, BelgiumKBO/BCE: BE 0768.689.861
Summary

The computed 12-month bankruptcy probability of BARWARI is 2.3% (moderate). The 2024 annual accounts show equity of €59,844 and a net result of €18,599. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 2098 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+28
Solvency77▲+4
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.13 against 3.2 in 2023; short-term debt: 31.9% and cash: 4.7% of total assets), and 48% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 2024
Solvency, return and age of the figures
Solvency
52%
Return on assets
16.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
140 d late
2023
162 d late
2022
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 131 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

BARWARI was incorporated on 25 May 2021 as a Private limited company.1 Total assets rose from EUR 86,384 in 2022 to EUR 115,065 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€59,844▲ 45.1%
2023 · €41,245
Total assets
€115,065▲ 33.4%
2023 · €86,247
Net result
€18,599
2023 · -€5,373
Working capital
€78,344▲ 34.4%
2023 · €58,293
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€43,916-€6,246▼ 85.8%€19,050▲ 205%
Net result€43,618above the sector's middle half--€5,373below the sector's middle half€18,599within the sector's middle half
Equity€46,618within the sector's middle half-€41,245within the sector's middle half▼ 11.5%€59,844below the sector's middle half▲ 45.1%
Total assets€86,384within the sector's middle half-€86,247within the sector's middle half▼ 0.2%€115,065below the sector's middle half▲ 33.4%
Debt€39,766-€45,002▲ 13.2%€55,221▲ 22.7%
Working capital€44,396within the sector's middle half-€58,293within the sector's middle half▲ 31.3%€78,344within the sector's middle half▲ 34.4%
Solvency54.0%within the sector's middle half-47.8%within the sector's middle half▼ 6.1pp52.0%within the sector's middle half▲ 4.2pp
Current ratio2.12within the sector's middle half-3.20above the sector's middle half▲ 1.083.13above the sector's middle half▼ 0.07
Return on assets (ROA)50.5%above the sector's middle half--6.2%below the sector's middle half▼ 56.7pp16.2%above the sector's middle half▲ 22.4pp
Staff (FTE)0.3
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2022: €43,916€43,916Net result 2022: €43,618€43,618Operating result 2023: €6,246€6,246Net result 2023: -€5,373-€5,373Operating result 2024: €19,050€19,050Net result 2024: €18,599€18,599202220232024-€20,000€0€20,000€40,000Operating result 2022: €43,916€43,900Net result 2022: €43,618€43,600Operating result 2023: €6,246€6,250Net result 2023: -€5,373-€5,370Operating result 2024: €19,050€19,100Net result 2024: €18,599€18,600202220232024
The operating result recovers in 2024; 2024 is 205% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €115,065
Equity €59,844 ▲ 45.1%
Debt €55,221 ▲ 22.7%
Debt's share of the balance-sheet total falls from 52.2% to 48.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€20,502▲
2023 · €7,016
Cash flow
€20,051▲
2023 · -€4,603
Debt to equity
0.92▼
2023 · 1.09
ROE
31.1%▲
2023 · -13.0%
Interest coverage
45.46▲
2023 · 17.83
Debt ≤ 1 year
€36,721▲
2023 · €26,502
Staff costs
€173▼
2023 · €3,417
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 26,975 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 · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€86,247€115,065▲
Fixed assets21/28€1,452-
Tangible fixed assets22/27€1,452-
Furniture and vehicles24€1,452-
Current assets29/58€84,795€115,065▲
Amounts receivable after more than one year29-€28,009
Other amounts receivable291-€28,009
Amounts receivable within one year40/41€84,788€81,622▼
Trade receivables40€43,240€23,643▼
Other amounts receivable41€41,548€57,979▲
Cash at bank and in hand54/58€6€5,434▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€86,247€115,065▲
Equity10/15€41,245€59,844▲
Contributions10/11€3,000€3,000=
Capital10-€3,000
Issued capital100-€3,000
Profit (loss) carried forward14€38,245€56,844▲
Amounts payable17/49€45,002€55,221▲
Amounts payable within one year42/48€26,502€36,721▲
Financial debts43€12-
Credit institutions430/8€12-
Trade debts44€7,211€5,353▼
Suppliers440/4€7,211€5,353▼
Taxes, remuneration and social security45€19,278€19,278=
Taxes450/3€13,305€13,305=
Remuneration and social security454/9€5,973€5,973=
Other amounts payable47/48-€12,090
Accrued charges and deferred income492/3€18,500€18,500=
Income statement Code20232024
Remuneration, social security and pensions62€3,417€173▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€770€1,452▲
Other operating charges640/8€1,472€734▼
Gross operating margin9900€11,905€21,409▲
Operating profit (loss)9901€6,246€19,050▲
Financial income75/76B€1,242-
Recurring financial income75€1,242-
Financial charges65/66B€393€451▲
Recurring financial charges65€393€451▲
Profit (loss) for the period before taxes9903€7,094€18,599▲
Income taxes67/77€12,467-
Profit (loss) for the period9904-€5,373€18,599▲
Profit (loss) for the period to be appropriated9905-€5,373€18,599▲
Appropriation of the result
Profit (loss) to be appropriated9906€38,245€56,844▲
Profit (loss) brought forward from the previous period14P€43,618€38,245▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€35,659€3,417€173▼ 94.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,778€770€1,452▲ 88.6%
Other operating charges640/8€230€1,472€734▼ 50.1%
Gross operating margin9900€82,583€11,905€21,409▲ 79.8%
Operating profit (loss)9901€43,916€6,246€19,050▲ 205%
Financial income75/76B-€1,242--
Recurring financial income75-€1,242--
Financial charges65/66B€298€393€451▲ 14.6%
Recurring financial charges65€298€393€451▲ 14.6%
Profit (loss) for the period before taxes9903€43,618€7,094€18,599▲ 162%
Income taxes67/77-€12,467--
Profit (loss) for the period9904€43,618-€5,373€18,599▲ 446%
Profit (loss) for the period to be appropriated9905€43,618-€5,373€18,599▲ 446%
Line202220232024Change
Assets
Total assets20/58€86,384€86,247€115,065▲ 33.4%
Fixed assets21/28€2,222€1,452--
Tangible fixed assets22/27€2,222€1,452--
Furniture and vehicles24€2,222€1,452--
Current assets29/58€84,162€84,795€115,065▲ 35.7%
Amounts receivable after more than one year29--€28,009-
Other amounts receivable291--€28,009-
Amounts receivable within one year40/41€57,744€84,788€81,622▼ 3.7%
Trade receivables40€47,715€43,240€23,643▼ 45.3%
Other amounts receivable41€10,029€41,548€57,979▲ 39.5%
Cash at bank and in hand54/58€20,862€6€5,434▲ 85,206%
Deferred charges and accrued income490/1€5,555€0--
Equity and liabilities
Total equity and liabilities10/49€86,384€86,247€115,065▲ 33.4%
Equity10/15€46,618€41,245€59,844▲ 45.1%
Contributions10/11€3,000€3,000€3,000=
Capital10--€3,000-
Issued capital100--€3,000-
Profit (loss) carried forward14€43,618€38,245€56,844▲ 48.6%
Amounts payable17/49€39,766€45,002€55,221▲ 22.7%
Amounts payable within one year42/48€39,766€26,502€36,721▲ 38.6%
Financial debts43-€12--
Credit institutions430/8-€12--
Trade debts44-€7,211€5,353▼ 25.8%
Suppliers440/4-€7,211€5,353▼ 25.8%
Taxes, remuneration and social security45€39,766€19,278€19,278=
Taxes450/3€7,179€13,305€13,305=
Remuneration and social security454/9€32,588€5,973€5,973=
Other amounts payable47/48--€12,090-
Accrued charges and deferred income492/3-€18,500€18,500=
Line202220232024Change
Profit (loss) for the period9904€43,618-€5,373€18,599▲ 446%
+ Depreciation and write-downs630€2,778€770€1,452▲ 88.6%
Operating cash flow (approximation)€46,396-€4,603€20,051▲ 536%
Investment in fixed assets (approximation)-€0--
Change in cash--€20,856€5,428▲ 126%

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

2025
18-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 140 days late
09-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 162 days late
2024
31-12
Financial Back to profitnet €18,599
Net result €18,599 after one loss-making year.
2023
31-12
Financial Weakest financial yearnet -€5,373
Net result drops to -€5,373, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
205 m²
Building footprint
180 m²
Volume, LiDAR
2,123 m³
Parcel 11805E0441/00F013, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
BARWARI
Lange Zavelstraat 17, 2060 AntwerpenGeneral construction of buildings
since 20212.317.481.735
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11805E0441/00F013 Flanders 205 m² 1 · 180 m² 13.3 m · 4 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.

Similar companies · same sector, comparable size

Of 29,766 companies in this sector we hold annual accounts for 16,066. 13,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded25-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
42110Construction of roads and motorways
42212Civil engineering
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0768689861
Also 9925:BE0768689861
Registered 26-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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