BDW GROUP
ActiveSummary
The computed 12-month bankruptcy probability of BDW GROUP is 4.7% (elevated). The 2025 annual accounts show equity of €422,651 and a net result of €49,057. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 3762 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-6
Solvency38▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.11 in 2024; short-term debt: 86.5% and cash: 20.7% of total assets), and 86.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
13.1%
Return on assets
1.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 8 filingsDeviation from the deadline
2025
46 d late
2024
3 d early
2023
7 d early
2022
4 d early
2021
3 d early
2020
8 d early
2019
15 d early
← 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 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 employer in Aalst, Accommodation and food service sector#3 fastest grower in East Flanders, Food and beverage service sector#4 company by total assets in Aalst, Accommodation and food service sector
Equity
€422,651▲ 13.1%
2024 · €373,594
Total assets
€3.2m▲ 34.9%
2024 · €2.4m
Net result
€49,057▼ 6.4%
2024 · €52,395
Working capital
€243,869▲ 10.6%
2024 · €220,521
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,997€116,069▲ 287%€230,233▲ 98.4%€159,766▼ 30.6%€200,011▲ 25.2%
Net result€4,030within the sector's middle half€39,911within the sector's middle half▲ 890%€122,354above the sector's middle half▲ 207%€52,395within the sector's middle half▼ 57.2%€49,057within the sector's middle half▼ 6.4%
Equity€158,933within the sector's middle half▲ 22.3%€198,844within the sector's middle half▲ 25.1%€321,199within the sector's middle half▲ 61.5%€373,594within the sector's middle half▲ 16.3%€422,651above the sector's middle half▲ 13.1%
Total assets€712,574within the sector's middle half▲ 60.1%€1.7mabove the sector's middle half▲ 143%€2.2mabove the sector's middle half▲ 24.5%€2.4mabove the sector's middle half▲ 10.7%€3.2mabove the sector's middle half▲ 34.9%
Debt€553,641▲ 75.7%€1.5m▲ 177%€1.8m▲ 19.7%€2.0m▲ 9.7%€2.8m▲ 38.9%
Working capital-€10,438within the sector's middle half€16,846within the sector's middle half€153,748above the sector's middle half▲ 813%€220,521above the sector's middle half▲ 43.4%€243,869above the sector's middle half▲ 10.6%
Solvency22.3%within the sector's middle half▼ 6.9pp11.5%within the sector's middle half▼ 10.8pp14.9%within the sector's middle half▲ 3.4pp15.6%within the sector's middle half▲ 0.8pp13.1%within the sector's middle half▼ 2.5pp
Current ratio0.98within the sector's middle half▼ 0.111.01within the sector's middle half▲ 0.031.08within the sector's middle half▲ 0.071.11within the sector's middle half▲ 0.031.09within the sector's middle half▼ 0.02
Return on assets (ROA)0.6%within the sector's middle half▲ 9.7pp2.3%within the sector's middle half▲ 1.7pp5.7%within the sector's middle half▲ 3.4pp2.2%within the sector's middle half▼ 3.5pp1.5%within the sector's middle half▼ 0.7pp
Staff (FTE)12.4within the sector's middle half▲ 45.9%19.9above the sector's middle half▲ 60.5%27.7above the sector's middle half▲ 39.2%35.7above the sector's middle half▲ 28.9%43.3above the sector's middle half▲ 21.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€191,796 ▼ 3.4%
Current assets
€3.0m ▲ 38.4%
Equity and liabilities €3.2m
Equity
€422,651 ▲ 13.1%
Debt
€2.8m ▲ 38.9%
Debt's share of the balance-sheet total rises from 84.4% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€221,298▲
2024 · €178,818
Cash flow
€70,344▼
2024 · €71,448
Quick ratio
0.92=
2024 · 0.92
Debt to equity
6.63▲
2024 · 5.40
ROE
11.6%▼
2024 · 14.0%
Interest coverage
1.79▼
2024 · 2.45
Debt ≤ 1 year
€2.8m▲
2024 · €2.0m
Debt > 1 year
€10,976▼
2024 · €15,378
Income taxes
€44,501▼
2024 · €54,951
Staff costs
€3.6m▲
2024 · €3.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,368 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €467,429 | €1.4m | €2.4m | €3.3m | €3.6m | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,913 | €14,320 | €15,665 | €19,053 | €21,287 | ▲ 11.7% |
| Other operating charges640/8 | €1,707 | €1,863 | €8,713 | €5,186 | €8,191 | ▲ 57.9% |
| Gross operating margin9900 | €511,046 | €1.5m | €2.6m | €3.5m | €3.9m | ▲ 11.5% |
| Operating profit (loss)9901 | €29,997 | €116,069 | €230,233 | €159,766 | €200,011 | ▲ 25.2% |
| Financial income75/76B | €2,049 | €418 | €10,309 | €35,916 | €17,404 | ▼ 51.5% |
| Recurring financial income75 | €2,049 | €418 | €10,309 | €13,896 | €17,404 | ▲ 25.2% |
| Non-recurring financial income76B | - | - | - | €22,020 | €0 | ▼ 100% |
| Financial charges65/66B | €14,526 | €23,924 | €41,837 | €88,336 | €123,857 | ▲ 40.2% |
| Recurring financial charges65 | €14,526 | €23,924 | €41,837 | €72,936 | €123,857 | ▲ 69.8% |
| Non-recurring financial charges66B | - | - | - | €15,400 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €17,519 | €92,563 | €198,705 | €107,346 | €93,558 | ▼ 12.8% |
| Income taxes67/77 | €13,489 | €52,651 | €76,350 | €54,951 | €44,501 | ▼ 19.0% |
| Profit (loss) for the period9904 | €4,030 | €39,911 | €122,354 | €52,395 | €49,057 | ▼ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €4,030 | €39,911 | €122,354 | €52,395 | €49,057 | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €712,574 | €1.7m | €2.2m | €2.4m | €3.2m | ▲ 34.9% |
| Fixed assets21/28 | €178,073 | €181,998 | €169,557 | €198,494 | €191,796 | ▼ 3.4% |
| Tangible fixed assets22/27 | €31,448 | €33,073 | €22,132 | €48,683 | €45,084 | ▼ 7.4% |
| Plant, machinery and equipment23 | €20,720 | €21,151 | €11,757 | €35,680 | €34,581 | ▼ 3.1% |
| Furniture and vehicles24 | €10,728 | €11,922 | €10,375 | €13,003 | €10,503 | ▼ 19.2% |
| Financial fixed assets28 | €146,625 | €148,925 | €147,425 | €149,812 | €146,712 | ▼ 2.1% |
| Current assets29/58 | €534,501 | €1.6m | €2.0m | €2.2m | €3.0m | ▲ 38.4% |
| Stocks and contracts in progress3 | €95,727 | €219,952 | €257,272 | €378,610 | €467,283 | ▲ 23.4% |
| Stocks30/36 | €95,727 | €219,952 | €257,272 | €378,610 | €467,283 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €369,211 | €1.2m | €1.5m | €1.7m | €1.9m | ▲ 14.0% |
| Trade receivables40 | €361,376 | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 14.1% |
| Other amounts receivable41 | €7,835 | €100,295 | €155,540 | €203,066 | €229,732 | ▲ 13.1% |
| Current investments50/53 | €821 | €821 | €821 | €821 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €66,994 | €174,829 | €217,366 | €129,589 | €666,005 | ▲ 414% |
| Deferred charges and accrued income490/1 | €1,748 | - | €8,983 | €16,954 | €822 | ▼ 95.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €712,574 | €1.7m | €2.2m | €2.4m | €3.2m | ▲ 34.9% |
| Equity10/15 | €158,933 | €198,844 | €321,199 | €373,594 | €422,651 | ▲ 13.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €58,933 | €98,844 | €221,199 | €273,594 | €322,651 | ▲ 17.9% |
| Non-distributable reserves130/1 | €9,530 | €9,530 | €9,530 | - | - | - |
| Reserves not available under the articles1311 | €9,530 | €9,530 | €9,530 | - | - | - |
| Distributable reserves133 | €49,403 | €89,314 | €211,668 | €273,594 | €322,651 | ▲ 17.9% |
| Amounts payable17/49 | €553,641 | €1.5m | €1.8m | €2.0m | €2.8m | ▲ 38.9% |
| Amounts payable after more than one year17 | €8,702 | - | - | €15,378 | €10,976 | ▼ 28.6% |
| Financial debts170/4 | €8,702 | - | - | €15,378 | €10,976 | ▼ 28.6% |
| Amounts payable within one year42/48 | €544,939 | €1.5m | €1.8m | €2.0m | €2.8m | ▲ 41.5% |
| Current portion of amounts payable after more than one year42 | €32,230 | €8,702 | - | €4,470 | €4,403 | ▼ 1.5% |
| Financial debts43 | €250,000 | €450,000 | €563,166 | €811,791 | €928,459 | ▲ 14.4% |
| Credit institutions430/8 | €250,000 | €450,000 | €563,166 | €811,791 | €928,459 | ▲ 14.4% |
| Trade debts44 | €164,954 | €745,103 | €800,921 | €733,252 | €1.2m | ▲ 69.0% |
| Suppliers440/4 | €164,954 | €745,103 | €800,921 | €733,252 | €1.2m | ▲ 69.0% |
| Taxes, remuneration and social security45 | €93,488 | €329,119 | €469,249 | €419,000 | €615,442 | ▲ 46.9% |
| Taxes450/3 | €38,009 | €121,807 | €153,361 | €45,508 | €65,048 | ▲ 42.9% |
| Remuneration and social security454/9 | €55,479 | €207,312 | €315,888 | €373,492 | €550,394 | ▲ 47.4% |
| Other amounts payable47/48 | €4,267 | €1,802 | €1,802 | €1,802 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €2,107 | €30,043 | €2,038 | ▼ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,030 | €39,911 | €122,354 | €52,395 | €49,057 | ▼ 6.4% |
| + Depreciation and write-downs630 | €11,913 | €14,320 | €15,665 | €19,053 | €21,287 | ▲ 11.7% |
| Operating cash flow (approximation) | €15,943 | €54,231 | €138,019 | €71,448 | €70,344 | ▼ 1.5% |
| Investment in fixed assets (approximation) | - | -€18,245 | -€3,224 | -€47,990 | -€14,588 | ▲ 69.6% |
| Change in cash | - | €107,835 | €42,537 | -€87,777 | €536,417 | ▲ 711% |
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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 46 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €122,354 ▲207%
Operating result €230,233, net result €122,354, both a record.
31-12
Financial
Equity above €200,000Eq €321,199 ▲61.5%
3 profitable years in a row build equity to €321,199.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €4,030
Net result €4,030 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €158,933 ▲22.3%
Equity rises from €129,903 to €158,933.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€40,834
Net result drops to -€40,834, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €170,737 ▲80.8%
2 profitable years in a row build equity to €170,737.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Aalst · 9 establishment units since 2017
Ground area
11.4 ha
Building footprint
1.4 ha
Volume, LiDAR
268,671 m³
10 parcels, Brussels, Flanders, Wallonia · tallest building 37.0 m, ±11 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
9 establishment units
BDW GROUP
since 20172.264.263.278
Neerpedestraat 569, 1070 Anderlecht
since 20192.291.901.251
ING
since 20252.371.774.120
Restaurant SKYBOX U.R.B.S.F.A. - K.B.V.B.
since 20252.374.322.349
MRR HALLE
since 20262.390.736.531
MRR OOSTENDE
since 20262.390.737.026
Show 3 more locations
MRR MECHELEN
since 20262.391.449.579
MRR HASSELT
since 20262.390.736.234
MRR GENT
since 20262.390.735.640
10 parcels
Flanders
7
(70%)
Wallonia
1
(10%)
Brussels
2
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0201/00D000 | Brussels | 7.6 ha | 1 · 2,051 m² | 12.9 m · 3 fl. |
| 35386D0009/00L002 | Flanders | 1.3 ha | 1 · 5,251 m² | 22.0 m · 6 fl. |
| 21805E0512/00G000 | Brussels | 1.0 ha | 1 · 4,485 m² | 37.0 m · 11 fl. |
| 25105A0411/00R000 | Wallonia | 9,987 m² | - | - |
| 41014A0165/00B000 | Flanders | 1,545 m² | 1 · 386 m² | 9.6 m · 1 fl. |
| 71022H0640/00M000 | Flanders | 1,218 m² | 1 · 739 m² | 15.5 m · 4 fl. |
| 41014A0129/02Y000 | Flanders | 1,073 m² | 1 · 192 m² | 7.2 m · 1 fl. |
| 23027G0435/00B000 | Flanders | 530 m² | 1 · 369 m² | 17.3 m · 2 fl. |
| 12403D0077/00E003 | Flanders | 267 m² | 1 · 117 m² | 19.2 m · 5 fl. |
| 44815F2530/00A000 | Flanders | 201 m² | 1 · 154 m² | 16.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
10 of 10 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
4 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
50%
Holdings 1
-
50%
According to the 2025 annual accounts of BDW GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 900 EUR |
| 2024 | 1 | 900 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
9 sitesAalst2.264.263.278
Anderlecht2.291.901.251
Brussel2.371.774.120
Gent2.390.735.640
Show 5 more sites
Halle2.390.736.531
Hasselt2.390.736.234
Mechelen2.391.449.579
Oostende2.390.737.026
Tubize2.374.322.349
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,452. 1,388 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
Founded27-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674888089
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.