Skip to content

BODARWE

Active
Public limited companyfounded 198540 yrs activeAvenue de Norvège 16, 4960 Malmedy, BelgiumKBO/BCE: BE 0428.086.239
Summary

BODARWE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.3m and a net result of €421,563. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability63=
Solvency47=
Growth68▲+18
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.22 in 2023; short-term debt: 63.6% and cash: 8% of total assets), and 78.4% 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

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
21.6%
Return on assets
1.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 334 sector peers (2024).
NBB · sector comparison
Position among 334 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
34 d early
2023
27 d early
2022
35 d early
2021
24 d early
2020
18 d early
2019
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 November 1985, BODARWE was incorporated.1 Of the 2 current board members, ETOR has served longest, since 2026.2 Revenue went from EUR 26 million in 2018 to EUR 34 million in 2024 and headcount from 173 to 187 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 20-07-2026
  3. 3National Bank, annual accounts 2018 and 2024

Go further with this company

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 2024, full schema

Turnover
€34.4m▲ 11.9%
2023 · €30.8m
EBIT margin
2.6%▲ 0.2pp
2023 · 2.4%
Net result
€421,563▲ 39.1%
2023 · €303,097
Working capital
€2.9m▼ 0.8%
2023 · €2.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20202021202220232024
Turnover€24.0m▼ 13.7%€24.9m▲ 3.6%€31.7m▲ 27.5%€30.8m▼ 3.0%€34.4m▲ 11.9%
Operating result€280,245▲ 8.6%€301,973▲ 7.8%€783,696▲ 160%€740,323▼ 5.5%€895,267▲ 20.9%
Net result€59,632within the sector's middle half▼ 49.6%€44,066within the sector's middle half▼ 26.1%€403,222within the sector's middle half▲ 815%€303,097within the sector's middle half▼ 24.8%€421,563within the sector's middle half▲ 39.1%
EBIT margin1.2%▲ 0.2pp1.2%=2.5%▲ 1.3pp2.4%▼ 0.1pp2.6%▲ 0.2pp
Equity€4.1mwithin the sector's middle half▲ 1.3%€4.1mwithin the sector's middle half▲ 0.9%€4.5mwithin the sector's middle half▲ 9.6%€4.8mwithin the sector's middle half▲ 6.6%€5.3mwithin the sector's middle half▲ 8.6%
Total assets€20.4mabove the sector's middle half▼ 5.1%€20.6mabove the sector's middle half▲ 0.8%€22.1mabove the sector's middle half▲ 7.3%€21.9mabove the sector's middle half▼ 0.9%€24.3mabove the sector's middle half▲ 11.1%
Debt€16.3m▼ 6.6%€16.4m▲ 0.7%€17.5m▲ 6.7%€17.0m▼ 2.9%€19.1m▲ 11.8%
Working capital€2.5m▲ 21.0%€2.5m▼ 0.4%€2.7m▲ 9.1%€2.9m▲ 6.2%€2.9m▼ 0.8%
Solvency20.1%below the sector's middle half▲ 1.3pp20.1%below the sector's middle half=20.6%below the sector's middle half▲ 0.4pp22.1%within the sector's middle half▲ 1.6pp21.6%below the sector's middle half▼ 0.5pp
Staff (FTE)167.4above the sector's middle half▼ 3.7%171.5above the sector's middle half▲ 2.4%172.4above the sector's middle half▲ 0.5%180.3above the sector's middle half▲ 4.6%187.2above the sector's middle half▲ 3.8%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€250,000€500,000€750,000€1.0mOperating result 2020: €280,245€280,245Net result 2020: €59,632€59,632Operating result 2021: €301,973€301,973Net result 2021: €44,066€44,066Operating result 2022: €783,696€783,696Net result 2022: €403,222€403,222Operating result 2023: €740,323€740,323Net result 2023: €303,097€303,097Operating result 2024: €895,267€895,267Net result 2024: €421,563€421,56320202021202220232024€0€250,000€500,000€750,000€1mOperating result 2022: €783,696€784,000Net result 2022: €403,222€403,000Operating result 2023: €740,323€740,000Net result 2023: €303,097€303,000Operating result 2024: €895,267€895,000Net result 2024: €421,563€422,000202220232024
The operating result recovers in 2024; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.3m
Fixed assets €6.0m ▲ 5.1%
Current assets €18.3m ▲ 13.2%
Equity and liabilities €24.3m
Equity €5.3m ▲ 8.6%
Debt €19.1m ▲ 11.8%
Debt's share of the balance-sheet total rises from 77.9% to 78.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€2.3m▲
2023 · €2.1m
Cash flow
€1.8m▲
2023 · €1.7m
Current ratio
1.19▼
2023 · 1.22
Quick ratio
0.89▼
2023 · 0.92
Debt to equity
3.63▲
2023 · 3.52
ROE
8.0%▲
2023 · 6.3%
ROA
1.7%▲
2023 · 1.4%
Interest coverage
7.56▲
2023 · 7.46
Debt ≤ 1 year
€15.5m▲
2023 · €13.3m
Debt > 1 year
€3.6m▼
2023 · €3.6m
Income taxes
€188,840▲
2023 · €156,968
Staff costs
€11.3m▲
2023 · €10.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 719 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 · 2024 against 2023 · 82 lines
Balance sheet Code20232024
Assets
Total assets20/58€21.9m€24.3m▲
Fixed assets21/28€5.7m€6.0m▲
Intangible fixed assets21€18,813€10,456▼
Tangible fixed assets22/27€5.3m€5.6m▲
Land and buildings22€1.8m€1.6m▼
Plant, machinery and equipment23€454,393€366,624▼
Furniture and vehicles24€339,852€262,432▼
Leasing and similar rights25€2.6m€3.3m▲
Assets under construction and advance payments27€64,345-
Financial fixed assets28€367,023€377,638▲
Other financial fixed assets284/8€367,023€377,638▲
Shares284€10,310€10,310=
Amounts receivable and cash guarantees285/8€356,713€367,328▲
Current assets29/58€16.2m€18.3m▲
Stocks and contracts in progress3€4.0m€4.5m▲
Stocks30/36€555,718€411,806▼
Raw materials and consumables30/31€165,368€95,667▼
Finished goods33€390,350€316,139▼
Contracts in progress37€3.4m€4.1m▲
Amounts receivable within one year40/41€10.5m€11.8m▲
Trade receivables40€9.5m€10.4m▲
Other amounts receivable41€963,304€1.5m▲
Cash at bank and in hand54/58€1.7m€2.0m▲
Deferred charges and accrued income490/1€28,930-
Equity and liabilities
Total equity and liabilities10/49€21.9m€24.3m▲
Equity10/15€4.8m€5.3m▲
Contributions10/11€1.4m€1.4m=
Capital10€1.4m€1.4m=
Issued capital100€1.4m€1.4m=
Reserves13€692,810€692,810=
Non-distributable reserves130/1€141,000€141,000=
Legal reserve130€136,000€136,000=
Other1319€5,000€5,000=
Tax-exempt reserves132€151,810€151,810=
Distributable reserves133€400,000€400,000=
Profit (loss) carried forward14€2.8m€3.2m▲
Investment grants15€30,019€24,769▼
Amounts payable17/49€17.0m€19.1m▲
Amounts payable after more than one year17€3.6m€3.6m▼
Financial debts170/4€3.6m€3.6m▼
Leasing and similar obligations172€1.9m€2.3m▲
Credit institutions173€1.7m€1.2m▼
Amounts payable within one year42/48€13.3m€15.5m▲
Current portion of amounts payable after more than one year42€1.5m€1.6m▲
Financial debts43€4.4m€5.2m▲
Credit institutions430/8€4.4m€5.2m▲
Trade debts44€5.9m€7.1m▲
Suppliers440/4€5.9m€7.1m▲
Taxes, remuneration and social security45€860,529€760,830▼
Taxes450/3€262,340€130,742▼
Remuneration and social security454/9€598,189€630,088▲
Other amounts payable47/48€711,671€862,708▲
Accrued charges and deferred income492/3€132,323€27,393▼
Income statement Code20232024
Operating income70/76A€35.3m€38.4m▲
Turnover70€30.8m€34.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€520,927€644,042▲
Other operating income74€4.0m€3.3m▼
Operating charges60/66A€34.5m€37.5m▲
Goods for resale, raw materials and consumables60€17.6m€19.6m▲
Purchases600/8€17.6m€19.6m▲
Change in stocks: decrease (increase)609€1,385€69,700▲
Services and other goods61€4.8m€4.8m▲
Remuneration, social security and pensions62€10.5m€11.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.4m€1.4m▼
Other operating charges640/8€245,644€356,610▲
Operating profit (loss)9901€740,323€895,267▲
Financial income75/76B€46,878€57,806▲
Recurring financial income75€46,878€57,806▲
Income from current assets751-€884
Other financial income752/9€46,878€56,921▲
Financial charges65/66B€327,136€342,669▲
Recurring financial charges65€327,136€342,669▲
Debt charges650€286,365€302,488▲
Other financial charges652/9€40,771€40,181▼
Profit (loss) for the period before taxes9903€460,065€610,404▲
Income taxes67/77€156,968€188,840▲
Taxes670/3€156,968€188,840▲
Profit (loss) for the period9904€303,097€421,563▲
Profit (loss) for the period to be appropriated9905€303,097€421,563▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.8m€3.2m▲
Profit (loss) brought forward from the previous period14P€2.5m€2.8m▲
Social balance
Average headcount (FTE)9087180.3187.2▲

The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€28.8m€34.5m€35.3m€38.4m▲ 8.7%
Turnover70€24.0m€24.9m€31.7m€30.8m€34.4m▲ 11.9%
Change in stocks of work in progress, finished goods and contracts in progress71-€1.3m-€922,435€520,927€644,042▲ 23.6%
Other operating income74-€2.7m€3.8m€4.0m€3.3m▼ 17.7%
Operating charges60/66A-€28.5m€33.8m€34.5m€37.5m▲ 8.4%
Goods for resale, raw materials and consumables60-€14.0m€17.5m€17.6m€19.6m▲ 11.5%
Purchases600/8-€14.0m€17.5m€17.6m€19.6m▲ 11.1%
Change in stocks: decrease (increase)609-€30,587-€10,867€1,385€69,700▲ 4,934%
Services and other goods61-€3.8m€4.9m€4.8m€4.8m▲ 0.8%
Remuneration, social security and pensions62-€9.0m€9.7m€10.5m€11.3m▲ 7.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.6m€1.6m€1.5m€1.4m€1.4m▼ 0.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€7,693----
Other operating charges640/8-€172,685€181,611€245,644€356,610▲ 45.2%
Operating profit (loss)9901€280,245€301,973€783,696€740,323€895,267▲ 20.9%
Financial income75/76B-€15,478€18,304€46,878€57,806▲ 23.3%
Recurring financial income75€25,408€15,478€18,304€46,878€57,806▲ 23.3%
Income from current assets751----€884-
Other financial income752/9-€15,478€18,304€46,878€56,921▲ 21.4%
Financial charges65/66B-€198,936€195,982€327,136€342,669▲ 4.7%
Recurring financial charges65€176,659€198,936€195,982€327,136€342,669▲ 4.7%
Debt charges650€148,355€133,451€151,065€286,365€302,488▲ 5.6%
Other financial charges652/9-€65,486€44,918€40,771€40,181▼ 1.4%
Profit (loss) for the period before taxes9903€128,730€118,515€606,018€460,065€610,404▲ 32.7%
Income taxes67/77€69,099€74,449€202,796€156,968€188,840▲ 20.3%
Taxes670/3-€74,449€202,796€156,968€188,840▲ 20.3%
Profit (loss) for the period9904€59,632€44,066€403,222€303,097€421,563▲ 39.1%
Profit (loss) for the period to be appropriated9905€59,632€44,066€403,222€303,097€421,563▲ 39.1%
Line20202021202220232024Change
Assets
Total assets20/58€20.4m€20.6m€22.1m€21.9m€24.3m▲ 11.1%
Fixed assets21/28€5.7m€5.5m€5.3m€5.7m€6.0m▲ 5.1%
Intangible fixed assets21€114,548€76,221€43,088€18,813€10,456▼ 44.4%
Tangible fixed assets22/27€5.1m€5.0m€4.8m€5.3m€5.6m▲ 5.4%
Land and buildings22-€2.2m€2.0m€1.8m€1.6m▼ 10.1%
Plant, machinery and equipment23-€494,861€398,726€454,393€366,624▼ 19.3%
Furniture and vehicles24-€421,949€339,874€339,852€262,432▼ 22.8%
Leasing and similar rights25-€1.9m€2.1m€2.6m€3.3m▲ 26.4%
Assets under construction and advance payments27--€26,086€64,345--
Financial fixed assets28€464,963€465,111€409,658€367,023€377,638▲ 2.9%
Other financial fixed assets284/8-€465,111€409,658€367,023€377,638▲ 2.9%
Shares284-€10,310€10,310€10,310€10,310=
Amounts receivable and cash guarantees285/8-€454,801€399,348€356,713€367,328▲ 3.0%
Current assets29/58€14.8m€15.1m€16.8m€16.2m€18.3m▲ 13.2%
Stocks and contracts in progress3€367,415€4.4m€3.4m€4.0m€4.5m▲ 14.5%
Stocks30/36-€457,117€567,475€555,718€411,806▼ 25.9%
Raw materials and consumables30/31-€155,885€166,752€165,368€95,667▼ 42.1%
Finished goods33-€301,232€400,723€390,350€316,139▼ 19.0%
Contracts in progress37-€3.9m€2.9m€3.4m€4.1m▲ 21.1%
Amounts receivable within one year40/41€10.3m€9.6m€11.2m€10.5m€11.8m▲ 13.2%
Trade receivables40-€8.5m€10.5m€9.5m€10.4m▲ 9.1%
Other amounts receivable41-€1.1m€689,306€963,304€1.5m▲ 53.6%
Cash at bank and in hand54/58€1.3m€1.1m€2.1m€1.7m€2.0m▲ 12.3%
Deferred charges and accrued income490/1-€25,500€34,023€28,930--
Equity and liabilities
Total equity and liabilities10/49€20.4m€20.6m€22.1m€21.9m€24.3m▲ 11.1%
Equity10/15€4.1m€4.1m€4.5m€4.8m€5.3m▲ 8.6%
Contributions10/11€1.4m€1.4m€1.4m€1.4m€1.4m=
Capital10-€1.4m€1.4m€1.4m€1.4m=
Issued capital100-€1.4m€1.4m€1.4m€1.4m=
Reserves13€692,810€692,810€692,810€692,810€692,810=
Non-distributable reserves130/1-€141,000€141,000€141,000€141,000=
Legal reserve130-€136,000€136,000€136,000€136,000=
Other1319-€5,000€5,000€5,000€5,000=
Tax-exempt reserves132-€151,810€151,810€151,810€151,810=
Distributable reserves133-€400,000€400,000€400,000€400,000=
Profit (loss) carried forward14€2.0m€2.1m€2.5m€2.8m€3.2m▲ 15.3%
Investment grants15-€40,519€35,269€30,019€24,769▼ 17.5%
Amounts payable17/49€16.3m€16.4m€17.5m€17.0m€19.1m▲ 11.8%
Amounts payable after more than one year17€4.1m€3.9m€3.4m€3.6m€3.6m▼ 1.2%
Financial debts170/4-€3.9m€3.4m€3.6m€3.6m▼ 1.2%
Leasing and similar obligations172-€1.3m€1.5m€1.9m€2.3m▲ 21.9%
Credit institutions173-€2.6m€2.0m€1.7m€1.2m▼ 27.0%
Amounts payable within one year42/48€12.2m€12.6m€14.1m€13.3m€15.5m▲ 16.2%
Current portion of amounts payable after more than one year42-€1.8m€1.5m€1.5m€1.6m▲ 6.3%
Financial debts43-€4.1m€4.4m€4.4m€5.2m▲ 18.8%
Credit institutions430/8-€4.1m€4.4m€4.4m€5.2m▲ 18.8%
Trade debts44€3.3m€4.4m€6.2m€5.9m€7.1m▲ 20.3%
Suppliers440/4-€4.4m€6.2m€5.9m€7.1m▲ 20.3%
Advances received on contracts in progress46-€1.0m----
Taxes, remuneration and social security45-€744,676€1.1m€860,529€760,830▼ 11.6%
Taxes450/3-€200,006€285,641€262,340€130,742▼ 50.2%
Remuneration and social security454/9-€544,670€831,293€598,189€630,088▲ 5.3%
Other amounts payable47/48-€564,033€843,388€711,671€862,708▲ 21.2%
Accrued charges and deferred income492/3-€18,007€61,193€132,323€27,393▼ 79.3%
Line20202021202220232024Change
Profit (loss) for the period9904€59,632€44,066€403,222€303,097€421,563▲ 39.1%
+ Depreciation and write-downs630€1.6m€1.6m€1.5m€1.4m€1.4m▼ 0.3%
Operating cash flow (approximation)€1.7m€1.6m€1.9m€1.7m€1.8m▲ 6.7%
Investment in fixed assets (approximation)--€1.4m-€1.2m-€1.8m-€1.7m▲ 6.2%
Change in cash--€259,690€1.0m-€358,881€214,056▲ 160%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
20-07
State Gazette act Reappointment: AXYLIUM AUDIT SRL (statutory auditor)
Appointments: ETOR (director) and SB GEST SRL (managing director)6 facts ▸
  • General meeting, 19-06-2026
  • General meeting, 01-07-2026
  • Auditor reappointment, AXYLIUM AUDIT SRL (statutory auditor)
  • Director appointment, ETOR (director)
  • Board meeting, 01-07-2026
  • Director appointment, SB GEST SRL (managing director)
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €421,563 ▲39.1%
Operating result €895,267, net result €421,563, both a record.
31-12
Financial Equity above €5mEq €5.3m ▲8.6%
7 profitable years in a row build equity to €5.3m.
04-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €44,066 ▼26.1%
Net result drops to €44,066, the lowest in the series; recovery starts the following year.
13-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, 1 in day-to-day management, last change in 2026

Board 1

ETOR
Director · since 01-07-2026 · Private limited company · perm. rep.: Jean BODARWE
Current

Day-to-day management 1

SB GEST SRL
Managing director · since 01-07-2026 · Legal entity · perm. rep.: Stéphane BODARWE
Current

Permanent representatives 2

Jean BODARWE
Permanent representative · since 01-07-2026 · for ETOR
Current
Stéphane BODARWE
Permanent representative · since 01-07-2026 · for SB GEST SRL
Current

Statutory auditor 1

AXYLIUM AUDIT SRL
Statutory auditor · since 20-07-2026 · perm. rep.: Alain KOHNEN
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Malmedy · 4 establishment units since 1991
seat establishment approximate 1 of 4 establishment units on the map
Ground area
6,876 m²
Building footprint
1,112 m²
Volume, LiDAR
9,763 m³
Parcel 63049F0275/00V004, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
BODARWE
Avenue de Norvège 16, 4960 MalmedyRaising of dairy cattle
since 19912.028.252.776
BODARWE
Rue de l'Arkose 1, 4950 WaimesRepair and maintenance of machinery
since 20232.351.072.142
BODARWE
Weywertz,Mühlenstrasse -, 4750 BütgenbachOther mining and quarrying
since 20232.351.072.241
BODARWE
Rue Rocher-de-Hourt,Gd-Halleux *, 6698 VielsalmOther mining and quarrying
since 20232.351.072.340
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63049F0275/00V004 Wallonia 6,876 m² 1 · 1,112 m² 11.2 m · 3 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.

Mandate history

3 people since 2026, 3 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
ETOR
  • Director, from 01-07-2026 to date
SB GEST SRL
  • Managing director, from 01-07-2026 to date
AXYLIUM AUDIT SRL
  • Statutory auditor, from 20-07-2026 to date
See the board, name and seat on a given date →

Articles of association

Who signs
“01.07.2026. Son mandat sera rémunéré et se terminera lors de l'assemblée gènérale ordinaire de l'an 2029. A l'issue de l'assemblée générale, le conseil d'administration de la société s'est réuni: •Le conseil d'administration décide à l'unanimité de nommer comme deuxième administrateur-délégué de la…”
Full text

01.07.2026. Son mandat sera rémunéré et se terminera lors de l'assemblée gènérale ordinaire de l'an 2029. A l'issue de l'assemblée générale, le conseil d'administration de la société s'est réuni: •Le conseil d'administration décide à l'unanimité de nommer comme deuxième administrateur-délégué de la société à partir du 01.07.2026, la société SB GEST SRL, représentée par Stéphane BODARWE. Le mandat expire avec l'assemblée générale de l'an 2029. Les pouvoirs des administrateurs-délégués sont fixés comme suit: dans les limites de la gestion journalière, la société est valablement représentée dans tous actes et en justice par les administrateurs- délégués, qui agissent séparément Michel BODARWE administrateur-délégué

Structure & network

Part of the group FIBO 13 companies Group, risk and exposure

Owners and holdings

3 owners

Chain of control

  1. FIBO 99.87%
  2. BODARWE CARRIERES 53%
  3. BODARWE

Highest known parent: FIBO. The sources do not say who stands above it.

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Recognised contractor

20 categories
BODARWE SA#9711
category B, class 5 · category C7, class 5
decision 20-10-2025 · valid until 19-06-2027
BODARWE SA17488
category B1, class 3 · category C, class 8 · category C1, class 8 · category C2, class 8 · category C3, class 1 · category C5, class 7 · category C6, class 8 · category D, class 5 · category D1, class 5 · category E, class 2 · category E1, class 2 · category G, class 5 · category G3, class 1 · category G4, class 1 · category G5, class 1 · category P1, class 1 · category P2, class 1 · category P3, class 1
decision 24-09-2024

Similar companies · same sector, comparable size

Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-11-1985
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42130Civil engineering
42220Construction of utility projects for electricity and telecommunications
43990Other specialised construction activities
46831Wholesale of construction materials, general range
49410Freight transport by road
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0428086239
Also 9925:BE0428086239
Registered 01-09-2023

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.