BBW
ActiveSummary
BBW has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €122k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency48▲+46
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.69 in 2024; short-term debt: 77.3% and cash: 80.5% of total assets), and 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
34.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
7 d late
2024
43 d late
2023
37 d early
2022
48 d early
2021
51 d late
2020
45 d late
2019
60 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k
2024 · €-43k
2019: €15k
2020: €73k▲ +374% vs 2019
2021: €119k▲ +63.4% vs 2020
2022: €46k▼ -61.4% vs 2021
2023: €120k▲ +161% vs 2022highest in 7 years
2024: €-43k▼ -136% vs 2023lowest in 7 years
2025: €80k▲ +287% vs 2024
2019 → 2025
Total assets
€351k▲ 85.9%
2024 · €189k
2019: €110klowest in 7 years
2020: €230k▲ +109% vs 2019
2021: €274k▲ +18.8% vs 2020
2022: €163k▼ -40.6% vs 2021
2023: €316k▲ +94.6% vs 2022
2024: €189k▼ -40.4% vs 2023
2025: €351k▲ +85.9% vs 2024highest in 7 years
2019 → 2025
Net result
€122k
2024 · €-162k
2019: €9k
2020: €58k▲ +526% vs 2019
2021: €46k▼ -19.6% vs 2020
2022: €-73k▼ -258% vs 2021
2023: €74k▲ +201% vs 2022
2024: €-162k▼ -320% vs 2023lowest in 7 years
2025: €122k▲ +175% vs 2024highest in 7 years
2019 → 2025
Working capital
€38k
2024 · €-72k
2019: €-5k
2020: €29k▲ +641% vs 2019
2021: €69k▲ +136% vs 2020
2022: €-2k▼ -103% vs 2021
2023: €80k▲ +3884% vs 2022highest in 7 years
2024: €-72k▼ -191% vs 2023lowest in 7 years
2025: €38k▲ +152% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€46k▼ 61.4%€120k▲ 161%€-43k€80k
2021: €119k
2022: €46k▼ -61.4% vs 2021
2023: €120k▲ +161% vs 2022highest in 5 years
2024: €-43k▼ -136% vs 2023lowest in 5 years
2025: €80k▲ +287% vs 2024
Operating result€56k-€-73k€80k€-160k€144k
2021: €56k
2022: €-73k▼ -230% vs 2021
2023: €80k▲ +209% vs 2022
2024: €-160k▼ -301% vs 2023lowest in 5 years
2025: €144k▲ +190% vs 2024highest in 5 years
Net result€46k-€-73k€74k€-162k€122k
2021: €46k
2022: €-73k▼ -258% vs 2021
2023: €74k▲ +201% vs 2022
2024: €-162k▼ -320% vs 2023lowest in 5 years
2025: €122k▲ +175% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €144k after a loss of €160k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €351k
Fixed assets
€42k ▲ 41.3%
Current assets
€309k ▲ 94.2%
Equity and liabilities €351k
Equity
€80k
Debt
€271k
Debt finances 77.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€156k▲
2024 · €-148k
Cash flow
€135k▲
2024 · €-151k
Current ratio
1.14▲
2024 · 0.69
Debt to equity
3.40▲
2024 · -5.43
ROE
153.5%
ROA
34.9%▲
2024 · -86.1%
Interest coverage
37.98▲
2024 · -43.15
Debt ≤ 1 year
€271k▲
2024 · €231k
Income taxes
€17k
Staff costs
€45k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€189k€351k▲
Fixed assets21/28€30k€42k▲
Intangible fixed assets21€5k€877▼
Tangible fixed assets22/27€25k€41k▲
Furniture and vehicles24€9k€28k▲
Other tangible fixed assets26€15k€12k▼
Financial fixed assets28€600€600=
Current assets29/58€159k€309k▲
Amounts receivable within one year40/41€153k€25k▼
Trade receivables40€134k€6k▼
Other amounts receivable41€18k€19k▲
Cash at bank and in hand54/58€6k€282k▲
Deferred charges and accrued income490/1€575€772▲
Equity and liabilities
Total equity and liabilities10/49€189k€351k▲
Equity10/15€-43k€80k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-51k€72k▲
Amounts payable17/49€231k€271k▲
Amounts payable within one year42/48€231k€271k▲
Trade debts44€103k€63k▼
Suppliers440/4€103k€63k▼
Taxes, remuneration and social security45€17k€15k▼
Taxes450/3€11k€9k▼
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€112k€193k▲
Income statement
Code20242025
Remuneration, social security and pensions62€45k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€0▲
Other operating charges640/8€894€2k▲
Gross operating margin9900€-111k€203k▲
Operating profit (loss)9901€-160k€144k▲
Financial income75/76B€510€277▼
Recurring financial income75€510€277▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-162k€140k▲
Income taxes67/77-€17k
Profit (loss) for the period9904€-162k€122k▲
Profit (loss) for the period to be appropriated9905€-162k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€72k▲
Profit (loss) brought forward from the previous period14P€112k€-51k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €450 | - | - | - |
| Remuneration, social security and pensions62 | €51k | €39k | €45k | €45k | €45k | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €12k | €11k | €13k | ▲ 10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €27k | - | €-8k | €0 | ▲ 100% |
| Other operating charges640/8 | €665 | €1k | €811 | €894 | €2k | ▲ 98.9% |
| Non-recurring operating charges66A | €4k | - | - | - | - | - |
| Gross operating margin9900 | €120k | €5k | €137k | €-111k | €203k | ▲ 283% |
| Operating profit (loss)9901 | €56k | €-73k | €80k | €-160k | €144k | ▲ 190% |
| Financial income75/76B | €434 | €652 | €545 | €510 | €277 | ▼ 45.7% |
| Recurring financial income75 | €434 | €652 | €545 | €510 | €277 | ▼ 45.7% |
| Financial charges65/66B | €838 | €1k | €3k | €3k | €4k | ▲ 20.0% |
| Recurring financial charges65 | €838 | €1k | €3k | €3k | €4k | ▲ 20.0% |
| Profit (loss) for the period before taxes9903 | €55k | €-73k | €77k | €-162k | €140k | ▲ 186% |
| Income taxes67/77 | €9k | €151 | €4k | - | €17k | - |
| Profit (loss) for the period9904 | €46k | €-73k | €74k | €-162k | €122k | ▲ 175% |
| Profit (loss) for the period to be appropriated9905 | €46k | €-73k | €74k | €-162k | €122k | ▲ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274k | €163k | €316k | €189k | €351k | ▲ 85.9% |
| Fixed assets21/28 | €50k | €48k | €40k | €30k | €42k | ▲ 41.3% |
| Intangible fixed assets21 | €14k | €13k | €9k | €5k | €877 | ▼ 80.9% |
| Tangible fixed assets22/27 | €35k | €34k | €30k | €25k | €41k | ▲ 65.2% |
| Furniture and vehicles24 | €10k | €13k | €12k | €9k | €28k | ▲ 205% |
| Other tangible fixed assets26 | €25k | €21k | €18k | €15k | €12k | ▼ 20.6% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €224k | €115k | €277k | €159k | €309k | ▲ 94.2% |
| Amounts receivable within one year40/41 | €172k | €109k | €234k | €153k | €25k | ▼ 83.3% |
| Trade receivables40 | €128k | €54k | €191k | €134k | €6k | ▼ 95.3% |
| Other amounts receivable41 | €43k | €55k | €43k | €18k | €19k | ▲ 3.7% |
| Cash at bank and in hand54/58 | €51k | €5k | €41k | €6k | €282k | ▲ 4,756% |
| Deferred charges and accrued income490/1 | €956 | €801 | €1k | €575 | €772 | ▲ 34.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274k | €163k | €316k | €189k | €351k | ▲ 85.9% |
| Equity10/15 | €119k | €46k | €120k | €-43k | €80k | ▲ 287% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €111k | €38k | €112k | €-51k | €72k | ▲ 241% |
| Amounts payable17/49 | €154k | €117k | €197k | €231k | €271k | ▲ 17.1% |
| Amounts payable within one year42/48 | €154k | €117k | €197k | €231k | €271k | ▲ 17.1% |
| Trade debts44 | €78k | €52k | €78k | €103k | €63k | ▼ 38.5% |
| Suppliers440/4 | €78k | €52k | €78k | €103k | €63k | ▼ 38.5% |
| Taxes, remuneration and social security45 | €11k | €5k | €32k | €17k | €15k | ▼ 9.6% |
| Taxes450/3 | €7k | - | €26k | €11k | €9k | ▼ 17.5% |
| Remuneration and social security454/9 | €4k | €5k | €6k | €6k | €6k | ▲ 5.9% |
| Other amounts payable47/48 | €66k | €59k | €87k | €112k | €193k | ▲ 72.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €-73k | €74k | €-162k | €122k | ▲ 175% |
| + Depreciation and write-downs630 | €9k | €11k | €12k | €11k | €13k | ▲ 10.9% |
| Operating cash flow (approximation) | €55k | €-62k | €86k | €-151k | €135k | ▲ 189% |
| Investment in fixed assets (approximation) | - | €-9k | €-4k | €-1k | €-25k | ▼ 1,898% |
| Change in cash | - | €-46k | €36k | €-35k | €277k | ▲ 884% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €122k
Net result €122k after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Weakest financial yearnet €-162k
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
31-12
Financial
Equity above €100kEq €120k ▲161%
Equity rises from €46k to €120k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Equity above €100kEq €119k ▲63.4%
3 profitable years in a row build equity to €119k.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waterloo · 1 establishment unit since 2019
Ground area
928 m²
Building footprint
176 m²
Volume, LiDAR
865 m³
Parcel 25763M0359/00A000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BBW
since 20192.290.391.714
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0359/00A000 | Wallonia | 928 m² | 1 · 176 m² | 6.4 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,120 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
Founded20-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.