Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BOUW GROUP is 13.0% (high). The 2025 annual accounts show negative equity (€-71k) and a net result of €-119k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1078 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone13.0%
High
0%0,5%1,5%4%10%≥25%
Recent warning signals
+Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events24-11-2025
KBO administration
Address struck
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 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.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 31-05-2026 | 31 d late | 2026-00133550 |
| 30-09-2024 | 30-04-2025 | 28-05-2025 | 28 d late | 2025-00109130 |
| 30-09-2023 | 30-04-2024 | 15-12-2023 | 137 d early | 2023-00531669 |
| 30-09-2022 | 30-04-2023 | 30-05-2023 | 30 d late | 2023-00100575 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalNo legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-119k
Working capital€-91k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 31-05-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -61.3% | 42.2% | |
| Net result | €-119k | €11k | |
| Equity | €-71k | €35k | |
| Gross operating margin | €-84k | €30k | |
| Staff costs | €18k | €17k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Weakening position over 2022-2025
· n=1078-3827
P5
Stable position over 2022-2025
· n=1079-3824
P5
Improving position over 2022-2025
· n=1080-3832
P5
Improving position over 2022-2025
· n=1078-3822
Describes the position versus peers, not a forecast.
€-107k
-
22-25
€-119k
-
22-25
€-108k
-
22-25
€115k
-33.9%
22-25
€-71k
-
22-25
€-91k
-
22-25
€18k
-57.4%
22-25
€2k
-76.0%
22-25
€186k
+48.0%
22-25
€156k
+63.0%
22-25
€29k
0.0%
22-25
0.42
-64.9%
22-25
0.42
-64.9%
22-25
-61.3%
-
22-25
-2.63
-
22-25
169.0%
+242.5%
22-25
-103.7%
-
22-25
80.72
+67.7%
22-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-107k |
| Net profit | €-119k |
| Cash flow | €-108k |
| Staff costs | €18k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €115k |
| Equity | €-71k |
| Debt | €186k |
| of which ≤ 1y | €156k |
| of which > 1y | €29k |
| Working capital | €-91k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.42 |
| Working capital ratio | -79.3% |
| Solvency | -61.3% |
| Debt / equity | -2.63 |
| Long-term debt ratio | -0.42 |
| Interest coverage | 80.72 |
| Gross margin | - |
| Net margin | - |
| ROA | -103.7% |
| ROE | 169.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €115k |
| Fixed assets | 21/28 | €50k |
| Formation expenses | 20 | €0 |
| Tangible fixed assets | 22/27 | €47k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €65k |
| Amounts receivable within one year | 40/41 | €65k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €115k |
| Equity | 10/15 | €-71k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-73k |
| Amounts payable | 17/49 | €186k |
| Amounts payable after one year | 17 | €29k |
| Amounts payable within one year | 42/48 | €156k |
| Trade debts payable within one year | 44 | €91k |
| Income statement | ||
| Gross operating margin | 9900 | €-84k |
| Operating result | 9901 | €-119k |
| Financial income | 75 | €19 |
| Financial charges | 65 | €-1k |
| Result before taxes | 9903 | €-117k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-119k |
| Result to be appropriated | 9905 | €-119k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed25
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
5 directorsCurrent directors & mandates
-
Current26-02-2024 → present
-
Current01-07-2022 → present
Former directors (3)
-
Former- → 31-03-2024
-
Former23-02-2021 → 01-07-2022
2 events
- 01-07-2022 Resigned· Director
- 23-02-2021 Appointed· Director
-
Former- → 23-02-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 14-12-2020 |
| Status | Active |
| Postal code | 1730 |
Structure & network
Connections & network
18 connected companiesNetwork connections
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Brusselsesteenweg 18 A1730 AsseEstablishment units
2 locationsBOUW GROUP
since 20222.333.034.595
Location Cars Adam
since 20242.356.460.095
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area369 m²
Buildings1
Building footprint167 m²
Volume (LiDAR)876 m³
Tallest building10.1 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette24-11-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
6 acts Capital history · 1
12-07-2022
v3.2
Address history · 2
06-01-2026
v3.2
25-03-2021
v3.2
All acts · 6
updated 7 months ago
2026
06-01-2026 Registered office moved from Lendelede to Asse
- Em. Neirynckstraat 36, 8860 Lendelede → Brusselsesteenweg 18A, 1730 Asse
Summary:
v3.2
2025
10-03-2025 Khasan Akhmatov resigns as director
2024
22-04-2024 Akhmatov Khasan NN appointed as director
2022
12-07-2022 Transaction in capital or shares
Summary:
v3.2
2021
25-03-2021 Registered office moved from Antwerpen to Wilrijk
- Dendermondestraat 44, 2018 Antwerpen → Prins Boudewijnlaan 76, 2610 Wilrijk
Summary:
v3.2
2020
16-12-2020 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes55
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
100
Solvency
33
Growth
32
Stability
86
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We hold annual accounts for 5,317 of the 29,570 companies in this sector. 4,688 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Metselwerk43910Uitvoeren van metsel- en voegwerken43994Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van andere niet-residentiële gebouwen41203Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Loodgieterswerk43221Sanitaire werkzaamheden43221Stukadoorswerk43310Stukadoorswerk43310Dakwerkzaamheden43410Dakwerkzaamheden43910
Primary activity highlighted.
Names & trade names
| Legal nameNL | BOUW GROUP |
Registered office
Brusselsesteenweg 18 A
1730 Asse, Belgium
Registration history
- 24-11-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.