BKW Editions
Open bankruptcyA bankruptcy procedure is open for BKW Editions according to publications in the Belgian State Gazette; curator: JACQUES PIRON. The 2024 annual accounts show equity of €115k and a net result of €9k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
44 d late
2022
50 d late
2021
32 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▼ 64.0%
2023 · €26k
2018: €1k
2019: €-7k
2020: €-85k
2021: €33k
2022: €130k
2023: €26k
2018 → 2024
Working capital
€20k▲ 10.6%
2023 · €18k
2018: €3k
2019: €-35k
2020: €-550k
2021: €-405k
2022: €9k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-85k-€-51k▲ 39.3%€79k€105k▲ 33.5%€115k▲ 9.0%
Operating result€-75k-€49k€168k▲ 247%€45k▼ 73.2%€19k▼ 58.9%
Net result€-85k-€33k€130k▲ 291%€26k▼ 79.8%€9k▼ 64.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424k
Fixed assets
€236k▼ 3.8%
Current assets
€189k▼ 20.5%
Equity and liabilities €424k
Equity
€115k▲ 9.0%
Debt
€310k▼ 17.9%
The debt ratio falls from 78.2% to 73.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2023 · €59k
Cash flow
€23k▼
2023 · €40k
Solvency
27.0%▲
2023 · 21.8%
Current ratio
1.12▲
2023 · 1.08
Quick ratio
0.80▼
2023 · 0.84
Debt / equity
2.71▼
2023 · 3.59
ROE
8.3%▼
2023 · 25.1%
ROA
2.2%▼
2023 · 5.5%
Interest coverage
2.10▼
2023 · 5.15
Debt
€310k▼
2023 · €378k
Debt ≤ 1 year
€168k▼
2023 · €219k
Debt > 1 year
€141k▼
2023 · €157k
Income taxes
€5k▼
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€483k€424k▼
Fixed assets21/28€245k€236k▼
Tangible fixed assets22/27€241k€231k▼
Land and buildings22€206k€198k▼
Other tangible fixed assets26€34k€34k▼
Financial fixed assets28€4k€4k=
Current assets29/58€238k€189k▼
Stocks and contracts in progress3€53k€53k=
Stocks30/36€53k€53k=
Amounts receivable within one year40/41€180k€127k▼
Trade receivables40€7k€23k▲
Other amounts receivable41€173k€104k▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€483k€424k▼
Equity10/15€105k€115k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€86k€96k▲
Amounts payable17/49€378k€310k▼
Amounts payable after more than one year17€157k€141k▼
Financial debts170/4€157k€141k▼
Amounts payable within one year42/48€219k€168k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Financial debts43€100k€100k=
Other loans439€100k€100k=
Trade debts44€38k€22k▼
Suppliers440/4€38k€22k▼
Taxes, remuneration and social security45€45k€17k▼
Taxes450/3€45k€17k▼
Other amounts payable47/48€19k€13k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€60k€36k▼
Operating profit (loss)9901€45k€19k▼
Financial income75/76B€3k€12k▲
Recurring financial income75€3k€12k▲
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€15k▲
Profit (loss) for the period before taxes9903€37k€15k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€26k€9k▼
Profit (loss) for the period to be appropriated9905€26k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€96k▲
Profit (loss) brought forward from the previous period14P€60k€86k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL BKW EDITIONS CHAUSSEE D’ALSEMBERG 895/7, 1180 UCCLE · event 20-04-2026
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Equity above €100kEq €105k ▲33.5%
3 profitable years in a row build equity to €105k.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Highest result since 2018net €130k ▲291%
Operating result €168k, net result €130k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.04
Current ratio from 0.32 to 1.04; short-term debt falls from €596k to €232k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-85k
Net result drops to €-85k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Ukkel · 1 establishment unit since 2012
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.
Alsembergsesteenweg 8951180 UkkelGround area
336 m²
Building footprint
340 m²
Volume, LiDAR
2,383 m³
Parcel 21616A0121/00X002, Brussels · tallest building 16.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
B.K.W. Gallery
since 20122.235.337.185
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0121/00X002 | Brussels | 336 m² | 1 · 340 m² | 16.5 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE HENRI JASPAR 113 BTE 3,
1060 SAINT-GILLES |
20-04-2026 → present |
Similar companies · same sector, comparable size
ART NOUVEAU - ART DECO
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ANTIEK EXPO
BE 0443.591.292
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LA CHIARA LUCE
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APRHODIS
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Of 1,435 companies in sector 47791 we hold annual accounts for 455. 342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2012
Fiscal year end31-12
Abbreviation FR
BKW
Activities, NACEBEL
47791Retail sale of antiques
47553Retail trade
47593Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.