Biwaco
ActiveThe computed 12-month bankruptcy probability of Biwaco is 2.0% (moderate). The 2025 annual accounts show equity of €114k and a net result of €60k. Equity is growing by ~60.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 27711 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency88▲+31
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.0 in 2024; short-term debt: 30.3% and cash: 29.7% of total assets), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
63.1%
Return on assets
33.6%
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 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
27 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 114%
2024 · €53k
2022: €23k
2023: €35k
2024: €53k
2022 → 2025
Total assets
€180k▲ 9.1%
2024 · €165k
2022: €62k
2023: €92k
2024: €165k
2022 → 2025
Net result
€60k▲ 231%
2024 · €18k
2022: €21k
2023: €12k
2024: €18k
2022 → 2025
Working capital
€41k▲ 146,899%
2024 · €28
2022: €9k
2023: €25k
2024: €28
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€35k▲ 49.9%€53k▲ 52.3%€114k▲ 114%
Operating result€28k-€15k▼ 46.1%€28k▲ 85.2%€87k▲ 212%
Net result€21k-€12k▼ 45.4%€18k▲ 57.2%€60k▲ 231%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 212% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€85k▼ 10.4%
Current assets
€95k▲ 35.2%
Equity and liabilities €180k
Equity
€114k▲ 114%
Debt
€67k▼ 40.6%
The debt ratio falls from 67.8% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▲
2024 · €45k
Cash flow
€87k▲
2024 · €35k
Solvency
63.1%▲
2024 · 32.2%
Current ratio
1.75▲
2024 · 1.00
Quick ratio
1.75▲
2024 · 1.00
Debt / equity
0.59▼
2024 · 2.11
ROE
53.2%▲
2024 · 34.3%
ROA
33.6%▲
2024 · 11.1%
Interest coverage
33.80▲
2024 · 14.22
Debt
€67k▼
2024 · €112k
Debt ≤ 1 year
€55k▼
2024 · €71k
Debt > 1 year
€12k▼
2024 · €42k
Income taxes
€23k▲
2024 · €6k
Staff costs
€30k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€165k€180k▲
Fixed assets21/28€95k€85k▼
Tangible fixed assets22/27€95k€85k▼
Plant, machinery and equipment23€648€9k▲
Furniture and vehicles24€94k€76k▼
Current assets29/58€71k€95k▲
Amounts receivable within one year40/41€31k€34k▲
Trade receivables40€22k€22k▼
Other amounts receivable41€8k€11k▲
Cash at bank and in hand54/58€37k€54k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€165k€180k▲
Equity10/15€53k€114k▲
Contributions10/11€2k€2k=
Reserves13€51k€112k▲
Distributable reserves133€51k€112k▲
Amounts payable17/49€112k€67k▼
Amounts payable after more than one year17€42k€12k▼
Financial debts170/4€42k€12k▼
Amounts payable within one year42/48€71k€55k▼
Current portion of amounts payable after more than one year42€28k€30k▲
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Advances received on contracts in progress46€23k-
Taxes, remuneration and social security45€7k€22k▲
Taxes450/3€5k€22k▲
Remuneration and social security454/9€2k€18▼
Other amounts payable47/48€831€973▲
Income statement
Code20242025
Remuneration, social security and pensions62€43k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€26k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€92k€147k▲
Operating profit (loss)9901€28k€87k▲
Financial income75/76B€0€14▲
Recurring financial income75€0€14▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€25k€84k▲
Income taxes67/77€6k€23k▲
Profit (loss) for the period9904€18k€60k▲
Profit (loss) for the period to be appropriated9905€18k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€60k▲
Transfer to equity691/2€18k€60k▲
To other reserves6921€18k€60k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €60k ▲231%
Operating result €87k, net result €60k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲114%
4 profitable years in a row build equity to €114k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €12k ▼45.4%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Biekorfstraat 1142060 AntwerpenGround area
186 m²
Building footprint
107 m²
Volume, LiDAR
1,104 m³
Parcel 11805E0214/00V017, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Biwaco
since 20222.330.549.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0214/00V017 | Flanders | 186 m² | 1 · 107 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesBiwaco BV43507
Similar companies · same sector, comparable size
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KEBATI
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AIRBELUX
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DONZO
BE 1018.667.472
Merelbeke-Melle · Eq €113k
DD MONTAGE
BE 0775.938.137
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,355. 3,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43410Roofing work
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.