BGWT
ActiveSummary
BGWT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,213 and a net result of €885. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-13
Solvency42▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 9 filingsDeviation from the deadline
2025
29 d late
2024
27 d late
2023
232 d late
2022
598 d late
2021
963 d late
2020
24 d early
2019
8 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 260 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 20 March (4 of the last 5 filed years within 365 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,213▲ 14.0%
2024 · €6,329
Total assets
€41,573▼ 24.4%
2024 · €54,992
Net result
€885▼ 86.4%
2024 · €6,498
Working capital
-€5,517▲ 24.7%
2024 · -€7,322
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€1,878▲ 8.4%-€920▲ 51.0%-€4,920▼ 435%€7,176€3,833▼ 46.6%
Net result-€2,256below the sector's middle half-€1,589within the sector's middle half▲ 29.6%-€5,081below the sector's middle half▼ 220%€6,498within the sector's middle half€885within the sector's middle half▼ 86.4%
Equity€6,500within the sector's middle half▼ 25.8%€4,911within the sector's middle half▼ 24.4%-€170below the sector's middle half€6,329within the sector's middle half€7,213within the sector's middle half▲ 14.0%
Total assets€36,046below the sector's middle half▲ 11.8%€33,615below the sector's middle half▼ 6.7%€49,321below the sector's middle half▲ 46.7%€54,992below the sector's middle half▲ 11.5%€41,573below the sector's middle half▼ 24.4%
Debt€29,547▲ 25.8%€28,704▼ 2.9%€49,490▲ 72.4%€48,663▼ 1.7%€34,359▼ 29.4%
Working capital€2,768within the sector's middle half▼ 42.6%€1,426within the sector's middle half▼ 48.5%-€17,184below the sector's middle half-€7,322within the sector's middle half▲ 57.4%-€5,517within the sector's middle half▲ 24.7%
Solvency18.0%within the sector's middle half▼ 9.1pp14.6%within the sector's middle half▼ 3.4pp-0.3%below the sector's middle half▼ 15.0pp11.5%within the sector's middle half▲ 11.9pp17.4%within the sector's middle half▲ 5.8pp
Current ratio1.12within the sector's middle half▼ 0.241.06within the sector's middle half▼ 0.060.65below the sector's middle half▼ 0.410.85within the sector's middle half▲ 0.200.84below the sector's middle half▼ 0.01
Return on assets (ROA)-6.3%below the sector's middle half▼ 9.2pp-4.7%below the sector's middle half▲ 1.5pp-10.3%below the sector's middle half▼ 5.6pp11.8%within the sector's middle half▲ 22.1pp2.1%within the sector's middle half▼ 9.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,573
Fixed assets
€12,730 ▼ 6.7%
Current assets
€28,843 ▼ 30.2%
Equity and liabilities €41,573
Equity
€7,213 ▲ 14.0%
Debt
€34,359 ▼ 29.4%
Debt's share of the balance-sheet total falls from 88.5% to 82.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,359▼
2024 · €11,402
Cash flow
€2,410▼
2024 · €10,724
Quick ratio
0.78▲
2024 · 0.73
Debt to equity
4.76▼
2024 · 7.69
ROE
12.3%▼
2024 · 102.7%
Interest coverage
69.67▲
2024 · 16.81
Debt ≤ 1 year
€34,359▼
2024 · €48,663
Income taxes
€2,871
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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 4,508 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,362 | €3,362 | €3,706 | €4,225 | €1,526 | ▼ 63.9% |
| Other operating charges640/8 | €271 | €874 | €300 | €786 | €1,208 | ▲ 53.6% |
| Gross operating margin9900 | €1,756 | €3,316 | -€914 | €12,188 | €6,566 | ▼ 46.1% |
| Operating profit (loss)9901 | -€1,878 | -€920 | -€4,920 | €7,176 | €3,833 | ▼ 46.6% |
| Financial charges65/66B | €378 | €668 | €161 | €678 | €77 | ▼ 88.7% |
| Recurring financial charges65 | €378 | €668 | €161 | €678 | €77 | ▼ 88.7% |
| Profit (loss) for the period before taxes9903 | -€2,256 | -€1,589 | -€5,081 | €6,498 | €3,756 | ▼ 42.2% |
| Income taxes67/77 | - | - | - | - | €2,871 | - |
| Profit (loss) for the period9904 | -€2,256 | -€1,589 | -€5,081 | €6,498 | €885 | ▼ 86.4% |
| Profit (loss) for the period to be appropriated9905 | -€2,256 | -€1,589 | -€5,081 | €6,498 | €885 | ▼ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,046 | €33,615 | €49,321 | €54,992 | €41,573 | ▼ 24.4% |
| Fixed assets21/28 | €10,630 | €7,268 | €17,329 | €13,651 | €12,730 | ▼ 6.7% |
| Tangible fixed assets22/27 | €10,630 | €7,268 | €17,329 | €13,651 | €12,730 | ▼ 6.7% |
| Land and buildings22 | - | - | €12,356 | €11,938 | €11,520 | ▼ 3.5% |
| Furniture and vehicles24 | €10,630 | €7,268 | €4,973 | €1,713 | €1,210 | ▼ 29.3% |
| Current assets29/58 | €25,416 | €26,347 | €31,992 | €41,341 | €28,843 | ▼ 30.2% |
| Stocks and contracts in progress3 | €7,755 | €3,819 | €3,861 | €5,822 | €2,120 | ▼ 63.6% |
| Stocks30/36 | €7,755 | €3,819 | €3,861 | €5,822 | €2,120 | ▼ 63.6% |
| Amounts receivable within one year40/41 | €8,938 | €16,157 | €19,496 | €25,044 | €20,152 | ▼ 19.5% |
| Trade receivables40 | €8,938 | €16,157 | €19,496 | €25,044 | €20,152 | ▼ 19.5% |
| Cash at bank and in hand54/58 | €8,723 | €6,371 | €8,634 | €10,475 | €6,571 | ▼ 37.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,046 | €33,615 | €49,321 | €54,992 | €41,573 | ▼ 24.4% |
| Equity10/15 | €6,500 | €4,911 | -€170 | €6,329 | €7,213 | ▲ 14.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€5,900 | -€7,489 | -€12,570 | -€6,071 | -€5,187 | ▲ 14.6% |
| Amounts payable17/49 | €29,547 | €28,704 | €49,490 | €48,663 | €34,359 | ▼ 29.4% |
| Amounts payable after more than one year17 | €6,898 | €3,783 | €315 | - | - | - |
| Financial debts170/4 | €6,898 | €3,783 | €315 | - | - | - |
| Amounts payable within one year42/48 | €22,649 | €24,921 | €49,175 | €48,663 | €34,359 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | €3,412 | €3,501 | €3,881 | €1,047 | - | - |
| Trade debts44 | €1,552 | €2,231 | €6,593 | €15,416 | €10,182 | ▼ 33.9% |
| Suppliers440/4 | €1,552 | €2,231 | €6,593 | €15,416 | €10,182 | ▼ 33.9% |
| Taxes, remuneration and social security45 | €4,089 | €2,879 | €5,061 | €6,778 | €5,255 | ▼ 22.5% |
| Taxes450/3 | €4,089 | €2,879 | €5,061 | €6,778 | €5,255 | ▼ 22.5% |
| Other amounts payable47/48 | €13,596 | €16,310 | €33,640 | €25,422 | €18,922 | ▼ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,256 | -€1,589 | -€5,081 | €6,498 | €885 | ▼ 86.4% |
| + Depreciation and write-downs630 | €3,362 | €3,362 | €3,706 | €4,225 | €1,526 | ▼ 63.9% |
| Operating cash flow (approximation) | €1,106 | €1,774 | -€1,375 | €10,724 | €2,410 | ▼ 77.5% |
| Investment in fixed assets (approximation) | - | €0 | -€13,767 | -€547 | -€605 | ▼ 10.6% |
| Change in cash | - | -€2,352 | €2,263 | €1,841 | -€3,904 | ▼ 312% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 232 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 598 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 963 days late
2024
31-12
Financial
Back to profitnet €6,498
Net result €6,498 after 3 loss-making years.
2023
31-12
Financial
Weakest financial yearnet -€5,081
Net result drops to -€5,081, the lowest in the series; recovery starts the following year.
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €943
Net result €943 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zaventem · 1 establishment unit since 2016
Ground area
333 m²
Building footprint
98 m²
Volume, LiDAR
460 m³
Parcel 23082D0001/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BGWT
since 20162.256.163.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082D0001/00C000 | Flanders | 333 m² | 1 · 98 m² | 7.8 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 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,122 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
Founded05-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46341Wholesale of wines and spirits
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661969471
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.