Subsidiaries and holdings
- Civitas10%
- Civitas Projects10%
Bouw Georges Tanghe
ActiveSummary
Bouw Georges Tanghe has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of €13,150. Equity has been stable since 2018 (±0.2% per year). Its solvency ranks better than 64% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range) NACE 47521and 4 others
- Establishment unit
- 2.001.827.503 8552 Zwevegem, since 01-02-1968
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
- D.S.R.T.Managing director · permanent representative Desire Stadsbader
- Indel InvestManaging director · permanent representative Stephanie Valcke
- DESIRE STADSBADERDirector · since 15-09-2023 · permanent representative Dominique Valcke
- Holdings
- Shares in 4 companies including JAGERSHOF and ROC VASTGOED
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €79,728
- ▼ 23.6%
- Turnover
- ≈ €380,000
- estimated
- Profit
- €13,150
- ▼ 98.3%
- Equity
- €6.9m
- ▲ 0.2%
- Total assets
- €13.8m
- ▼ 4.4%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskSize: total assets €13.8mLiquidity: current ratio 1.50, cash €4.9mFigures for financial year 2025 (filed on 17-06-2026)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of medium-sized companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency
75+2
equity 50.3% of total assets
Liquidity
70+37
short-term debt 48.6% · cash 35.4%
Profitability
47+20
return on assets 0.1%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.5 (1.48 in 2024), below the usual 1.5. Short-term debt is 48.6% and cash 35.4% of total assets. 49.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 74% of them on solvency, 94% on liquidity, 35% on profitability and 37% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €6.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
10 days early
2023
12 days early
2022
19 days early
2021
19 days early
2020
22 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Caution: Result fell in 2025from €770,758 to €13,150 ▼ 98.3% View
- Positive: Largest company by total assets in Zwevegem, Wholesale and retail trade sectorin the Checked rankings No. 1 View
- Board changedlatest change 31-08-2026 · 4 in office 2 joined · 1 left View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €13,150 8 years View
- Branch taken over from D.S.R.T.takeover on 31-08-2026 2026 View
Recent changes
- · Gazette deed Appointments: BV Ibeco (director) and rita Tanghe (director)Permanent representatives: Ivan Bossuyt and Stephanie Valcke · Reappointment: BV Indel Invest (director)
- · Gazette deed Demerger: D.S.R.T. splits off to BOUW GEORGES TANGHECapital increase of €64,923.28 to €1,069,923.28 · Resignations: Rita Tanghe, Indei Invest and Desire Stadsbader · Appointment: Indel Invest (director)
- · Gazette deed Demerger proposal: D.S.R.T. splits off to Bouw Georges Tanghe
Companies linked to Bouw Georges Tanghe
Comparable companies
These companies have the same main activity as Bouw Georges Tanghe: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €6.9m and €18m, founded between 1965 and 1979.
| Company | Total assets | Gross margin |
|---|---|---|
| Bouw Georges Tanghe Zwevegem | €13.8m | €0.08m |
| CARROTEC Asse | €17.3m | €0.5m |
| DELVA SHOPPING Veurne | €9.8m | - |
| De Stalen Greep Tielt | €6.9m | - |
| Etablissements Jordan Farciennes | €12.4m | - |
| Etablissements Lazzari Herstal | €16.2m | - |
| Chauraci Charleroi | €18.4m | - |
Key facts about Bouw Georges Tanghe
- What is the company number of Bouw Georges Tanghe?
- The company number of Bouw Georges Tanghe is 0405.391.605. The VAT number is the same number with BE in front: BE 0405.391.605.
- Where is Bouw Georges Tanghe based?
- The registered office is at Den Helder(M) 17, 8552 Zwevegem.Company details
- What does Bouw Georges Tanghe do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of Bouw Georges Tanghe?
- The legal form of Bouw Georges Tanghe is Public limited company (NV).
- When was Bouw Georges Tanghe founded?
- Bouw Georges Tanghe was founded on 01-01-1968.
- Is Bouw Georges Tanghe still active?
- Yes, Bouw Georges Tanghe is an active enterprise in the KBO register.
- What is the turnover of Bouw Georges Tanghe?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €79,728 and 35 comparable companies (NACE 475). It probably lies between €210,000 and €660,000. In financial year 2022 turnover was €929,312.Financials
- Is Bouw Georges Tanghe profitable?
- In financial year 2025, Bouw Georges Tanghe made a profit of €13,150.
- Where can I find the annual accounts of Bouw Georges Tanghe?
- Bouw Georges Tanghe filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bouw Georges Tanghe due?
- Bouw Georges Tanghe must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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