BOUWHEER DEVELOPMENT GROUP
ActiveSummary
BOUWHEER DEVELOPMENT GROUP has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€619,493) and a net result of -€64,586. Equity has been shrinking by about 23% per year since 2018. Its solvency ranks better than 9% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-06-2006 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 1 other
- Establishment unit
- 2.179.481.815 2600 Antwerpen, since 06-06-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €8,781
- Turnover
- ≈ €62,000
- estimated
- Loss
- €64,586
- ▼ 54.7%
- Equity
- -€619,493
- ▼ 11.6%
- Total assets
- €624,271
- ▼ 5.1%
- Employees on 31-12-2025
- 1
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€619,493Loss of €64,586, the second in a row (financial year 2025)Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €624,271Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 6% of them on solvency, 7% on liquidity, 15% on profitability and 25% 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
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is a loss of €40,838, smaller than the loss of €104,799 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 |
| full-time | - | 1 | 1 | 1 |
| part-time | - | - | - | 0 |
| in full-time equivalents | - | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.1 | 1 | 1 | 1 |
| On a permanent contract | - | 1 | 1 | 1 |
| Joined | 0 | - | - | - |
| Left | 2 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €42,600 | €3,661 | €3,326 | €778 | - |
| Depreciation and write-downs of the year | €14,933 | €14,366 | €15,540 | €3,835 | €2,547 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €48,097 | €50,362 | €51,769 | €51,350 | €44,199 | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,662 | €5,159 | €3,144 | €14,933 | €14,366 | €15,540 | €3,835 | €2,547 | ▼ 33.6% |
| Other operating charges640/8 | - | - | - | €6,977 | €17,775 | €5,697 | €4,453 | €2,874 | ▼ 35.5% |
| Gross operating margin9900 | €209,228 | -€200,394 | €152,528 | -€75,529 | €161,881 | -€51,651 | -€45,162 | €8,781 | - |
| Operating profit (loss)9901 | €143,734 | -€295,639 | €84,360 | -€145,536 | €79,378 | -€124,657 | -€104,799 | -€40,838 | ▲ 61.0% |
| Financial income75/76B | - | - | - | €696 | €889 | €850 | €3,750 | €3,842 | ▲ 2.4% |
| Recurring financial income75 | €104 | €371 | €2,129 | €696 | €889 | €850 | €3,750 | €3,842 | ▲ 2.4% |
| Financial charges65/66B | - | - | - | €9,539 | €17,517 | €10,848 | €41,258 | €27,289 | ▼ 33.9% |
| Recurring financial charges65 | €5,787 | €7,507 | €11,450 | €9,539 | €17,517 | €10,848 | €41,258 | €27,289 | ▼ 33.9% |
| Profit (loss) for the period before taxes9903 | €138,828 | -€302,775 | €75,039 | -€154,379 | €62,750 | -€134,654 | -€142,307 | -€64,286 | ▲ 54.8% |
| Income taxes67/77 | €130 | €128 | €256 | €200 | €325 | €317 | €301 | €301 | = |
| Profit (loss) for the period9904 | €138,699 | -€302,903 | €74,783 | -€154,579 | €62,425 | -€134,971 | -€142,608 | -€64,586 | ▲ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €138,699 | -€302,903 | €74,783 | -€154,579 | €62,425 | -€134,971 | -€142,608 | -€64,586 | ▲ 54.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.6m | €0.7m | €0.8m | €0.4m | €0.9m | €0.7m | €0.6m | ▼ 5.1% |
| Fixed assets21/28 | €0.009m | €0.005m | €0.002m | €0.03m | €0.02m | €0.007m | €0.004m | €0.001m | ▼ 64.7% |
| Tangible fixed assets22/27 | €0.009m | €0.005m | €0.002m | €0.03m | €0.02m | €0.007m | €0.004m | €0.001m | ▼ 64.7% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.004m | €0.004m | €0.002m | €0.001m | ▼ 51.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.003m | €0.002m | €0.001m | ▼ 73.9% |
| Financial fixed assets28 | - | €105 | - | - | - | - | - | - | - |
| Current assets29/58 | €0.5m | €0.6m | €0.7m | €0.8m | €0.3m | €0.9m | €0.7m | €0.6m | ▼ 4.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.04m | €0.04m | €0.04m | €0 | - | - |
| Other amounts receivable291 | - | - | - | €0.04m | €0.04m | €0.04m | €0 | - | - |
| Stocks and contracts in progress3 | €0.4m | €0.5m | €0.5m | €0.7m | €0.2m | €0.7m | €0.5m | €0.5m | ▲ 3.5% |
| Stocks30/36 | - | - | - | €0.7m | €0.2m | €0.7m | €0.5m | €0.5m | ▲ 3.5% |
| Amounts receivable within one year40/41 | €0.08m | €0.03m | €0.09m | €0.002m | €0.05m | €0.03m | €0.006m | €0.02m | ▲ 169% |
| Trade receivables40 | - | - | - | €0.001m | €3 | €0.02m | €0.005m | €0.01m | ▲ 157% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.05m | €0.009m | €0.001m | €0.003m | ▲ 246% |
| Current investments50/53 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Cash at bank and in hand54/58 | €0.03m | €0.06m | €0.05m | €0.02m | €0.03m | €0.04m | €0.08m | €0.02m | ▼ 74.1% |
| Deferred charges and accrued income490/1 | - | - | - | €186 | €276 | €0.001m | €13 | €0.002m | ▲ 145× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.7m | €0.8m | €0.4m | €0.9m | €0.7m | €0.6m | ▼ 5.1% |
| Equity10/15 | €0.01m | -€0.3m | -€0.2m | -€0.4m | -€0.3m | -€0.4m | -€0.6m | -€0.6m | ▼ 11.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.07m | €0.07m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.4m | -€0.2m | -€0.4m | -€0.3m | -€0.5m | -€0.6m | -€0.7m | ▼ 10.6% |
| Amounts payable17/49 | €0.5m | €0.9m | €0.9m | €1.2m | €0.6m | €1.3m | €1.2m | €1.2m | ▲ 2.6% |
| Amounts payable after more than one year17 | - | - | €0.02m | €0.01m | - | €0.5m | €0.6m | €0.6m | ▼ 3.6% |
| Financial debts170/4 | - | - | - | €0.01m | - | €0.5m | €0.6m | €0.6m | ▼ 3.6% |
| Amounts payable within one year42/48 | €0.5m | €0.9m | €0.9m | €1.1m | €0.6m | €0.8m | €0.6m | €0.7m | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.01m | - | €0.02m | €0.02m | ▲ 4.3% |
| Financial debts43 | - | - | - | €0.7m | €0.2m | €0.2m | €0 | €0.004m | - |
| Credit institutions430/8 | - | - | - | €0.7m | €0.2m | €0.2m | €0 | €0.004m | - |
| Trade debts44 | €0.07m | €0.03m | €0.003m | €0.01m | €0.06m | €0.02m | €0.003m | €0.006m | ▲ 92.1% |
| Suppliers440/4 | - | - | - | €0.01m | €0.06m | €0.02m | €0.003m | €0.006m | ▲ 92.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.005m | €0.004m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | - | - | €0.003m | €0.004m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | ▲ 8.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,699 | -€302,903 | €74,783 | -€154,579 | €62,425 | -€134,971 | -€142,608 | -€64,586 | ▲ 54.7% |
| + Depreciation and write-downs630 | €5,662 | €5,159 | €3,144 | €14,933 | €14,366 | €15,540 | €3,835 | €2,547 | ▼ 33.6% |
| Operating cash flow (approximation) | €144,361 | -€297,744 | €77,927 | -€139,646 | €76,791 | -€119,432 | -€138,773 | -€62,039 | ▲ 55.3% |
| Investment in fixed assets (approximation) | - | -€1,220 | €105 | -€42,600 | -€3,661 | -€3,326 | -€778 | €0 | - |
| Change in cash | - | €28,755 | -€16,110 | -€27,782 | €13,346 | €5,083 | €44,109 | -€60,106 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as BOUWHEER DEVELOPMENT GROUP has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BOUWHEER DEVELOPMENT GROUP itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for BOUWHEER DEVELOPMENT GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00280343 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00129953 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00136088 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00154860 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20369423 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26700522 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-17100204 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66800364 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49100428 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-28000287 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-11-2022 Converted to unavailable equity · €55,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BLASI FERNANDEZ,Javier |
|
Network & group
BOUWHEER DEVELOPMENT GROUP shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of BOUWHEER DEVELOPMENT GROUP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-11
Gazette deed
Company renamed from ELICOM to BOUWHEER DEVELOPMENT GROUPChange of role: BLASI FERNANDEZ,Javier, from manager to director · Legal form clause · Capital conversion11 points ▸
- General meeting, 23-11-2022
- Name change, BOUWHEER DEVELOPMENT GROUP
- Legal form clause, “behouden, besloten vennootschap(afgekort BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “beperking statutair onbeschikbare eigen vermogensrekening”, EUR (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, BLASI FERNANDEZ,Javier (manager)
- Director appointment, BLASI FERNANDEZ,Javier (director (not named in the articles))
- Director discharge, BLASI FERNANDEZ,Javier
- Registered office clause, “2600 Antwerpen(Berchem),Strijdhoflaan 43” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- Het aanleggen,het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen
- Alle studiën en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien,zoals de aankoop,de bouw,de verbouwing,de aanpassing,de huur en onderhuur,de ruiling,de verkoop en,in het algemeen,alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen
- De aankoop,verkoop en ruiling,het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen en van alle roerende goederen en rechten
- Het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- De vennootschap mag alle roerende of onroerende goederen,materialen en benodigdheden,verwerven,huren of verhuren,vervaardigen,overdragen of ruilen,en in het algemeen,alle commerciële,industriële of financiële handelingen verrichten,die rechtstreeks of onrechtstreeks in verband staan met haar maatschappelijk voorwerp,met inbegrip van de onderaanneming in het algemeen,en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben
- Zij mag alle roerende en onroerende goederen als investering verwerven,zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap
- Het commercialiseren,onder al zijn mogelijke vormen,en met name de aankoop,de verkoop,de makelaardij en de commissie van door andere ondernemingen gefabriceerde producten
- Het commercialiseren van producten;Zoals onder meer voedingswaren,niet-alcoholische dranken,alcoholische dranken en tabakswaren.Doorvoerhandel in verschillende goederen in klein-en groothandel,in de tax-free trade en in de travel-value trade.Zij zal tevens optreden als commissaris.De vennootschap zal deze goederen vervoeren,opslaan,behandelen,verkopen en/of doen laten verkopen.Voornaamste afzetmarkt hierbij is Cuba
- De controle op hun beheer of de participatie hierin door het opnemen van alle mogelijke mandaten binnen deze vennootschappen of ondernemingen
- De aankoop,het beheer en de verkoop van alle mogelijke roerende en onroerende waarden,van alle mogelijke sociale rechten en,meer algemeen,het uitvoeren van alle verrichtingen met betrekking van het beheer van de aldus samengestelde portefeuille
- De vennootschap mag het bestuur en de vereffening waarnemen in alle andere vennootschappen en mag alle leningen,van gelijk welke vorm en voor gelijk welke duur,aan deze laatsten toestaan of borgstellingen verstrekken voor deze vennootschappen
- Zij mag bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven,in België of het buitenland
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0881.682.191
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11303C0222/00R005 | Flanders | 298 m² | 1 · 100 m² | 10.6 m · 3 |