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BILDWARE

Active
Private limited companyfounded 2025active for 1 yearSteenkappersstraat 70, 1740 Ternat, BelgiumKBO/BCE: BE 1018.649.656
Summary

BILDWARE has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,387 and a net result of €27,387. Its solvency ranks better than 20% of 9,602 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, abbreviated format

Equity
€77,387
Total assets
€584,037
Net result
€27,387
Working capital
€144,488

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €584,037
Fixed assets €81,829
Current assets €502,208
Equity and liabilities €584,037
Equity €77,387
Debt €506,649
Debt finances 86.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€56,766
Cash flow
€41,108
Current ratio
1.40
Quick ratio
0.58
Debt to equity
6.55
ROE
35.4%
ROA
4.7%
Interest coverage
5.90
Debt ≤ 1 year
€357,720
Debt > 1 year
€148,515
Income taxes
€8,841
Staff costs
€20,079

Peer companies

Historical observation

Of the 294 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.6% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
2.0% stopped otherwise
95.6% 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 497,470 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 74.5% 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 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 50 lines
Balance sheet Code2025
Assets
Total assets20/58€584,037
Fixed assets21/28€81,829
Intangible fixed assets21€20,883
Tangible fixed assets22/27€60,196
Plant, machinery and equipment23€9,275
Furniture and vehicles24€50,921
Financial fixed assets28€750
Current assets29/58€502,208
Stocks and contracts in progress3€296,178
Stocks30/36€296,178
Amounts receivable within one year40/41€116,183
Trade receivables40€109,961
Other amounts receivable41€6,222
Cash at bank and in hand54/58€89,846
Equity and liabilities
Total equity and liabilities10/49€584,037
Equity10/15€77,387
Contributions10/11€50,000
Reserves13€27,387
Distributable reserves133€27,387
Amounts payable17/49€506,649
Amounts payable after more than one year17€148,515
Financial debts170/4€148,515
Amounts payable within one year42/48€357,720
Current portion of amounts payable after more than one year42€31,765
Financial debts43€200,000
Credit institutions430/8€200,000
Trade debts44€114,816
Suppliers440/4€114,816
Taxes, remuneration and social security45€11,015
Taxes450/3€8,841
Remuneration and social security454/9€2,173
Other amounts payable47/48€125
Accrued charges and deferred income492/3€414
Income statement Code2025
Remuneration, social security and pensions62€20,079
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,720
Other operating charges640/8€303
Gross operating margin9900€77,148
Operating profit (loss)9901€43,045
Financial income75/76B€2,800
Recurring financial income75€2,800
Financial charges65/66B€9,617
Recurring financial charges65€9,617
Profit (loss) for the period before taxes9903€36,229
Income taxes67/77€8,841
Profit (loss) for the period9904€27,387
Profit (loss) for the period to be appropriated9905€27,387
Appropriation of the result
Profit (loss) to be appropriated9906€27,387
Transfer to equity691/2€27,387
To other reserves6921€27,387
Social balance sheet
Average headcount (FTE)90870.3

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€20,079
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,720
Other operating charges640/8€303
Gross operating margin9900€77,148
Operating profit (loss)9901€43,045
Financial income75/76B€2,800
Recurring financial income75€2,800
Financial charges65/66B€9,617
Recurring financial charges65€9,617
Profit (loss) for the period before taxes9903€36,229
Income taxes67/77€8,841
Profit (loss) for the period9904€27,387
Profit (loss) for the period to be appropriated9905€27,387
Line2025
Assets
Total assets20/58€584,037
Fixed assets21/28€81,829
Intangible fixed assets21€20,883
Tangible fixed assets22/27€60,196
Plant, machinery and equipment23€9,275
Furniture and vehicles24€50,921
Financial fixed assets28€750
Current assets29/58€502,208
Stocks and contracts in progress3€296,178
Stocks30/36€296,178
Amounts receivable within one year40/41€116,183
Trade receivables40€109,961
Other amounts receivable41€6,222
Cash at bank and in hand54/58€89,846
Equity and liabilities
Total equity and liabilities10/49€584,037
Equity10/15€77,387
Contributions10/11€50,000
Reserves13€27,387
Distributable reserves133€27,387
Amounts payable17/49€506,649
Amounts payable after more than one year17€148,515
Financial debts170/4€148,515
Amounts payable within one year42/48€357,720
Current portion of amounts payable after more than one year42€31,765
Financial debts43€200,000
Credit institutions430/8€200,000
Trade debts44€114,816
Suppliers440/4€114,816
Taxes, remuneration and social security45€11,015
Taxes450/3€8,841
Remuneration and social security454/9€2,173
Other amounts payable47/48€125
Accrued charges and deferred income492/3€414
Line2025
Profit (loss) for the period9904€27,387
+ Depreciation and write-downs630€13,720
Operating cash flow (approximation)€41,108

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 18-06-2026 2026-00177808

Similar companies · same sector, comparable size

Of the 1,768 active companies whose main activity is wholesale of construction materials, general range (NACE 46831), figures are known for 1,384. 735 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €345 awarded · €345 paid
Schemes
1 entry · €345 · €345 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.