BOUWINVEST
ActiveSummary
BOUWINVEST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €-135k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-56
Solvency82▲+36
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 1.25 in 2024; short-term debt: 37.5% and cash: 47.1% of total assets), and 42.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
30 d early
2023
42 d early
2022
31 d early
2021
5 d early
2020
12 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-135k
2024 · €57k
2018: €153k
2019: €-5k
2020: €-24k
2021: €22k
2022: €41k
2023: €-110k
2024: €57k
2018 → 2025
Working capital
€278k▼ 22.0%
2024 · €356k
2018: €797k
2019: €802k
2020: €778k
2021: €758k
2022: €777k
2023: €299k
2024: €356k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€776k-€817k▲ 5.3%€334k▼ 59.1%€391k▲ 17.1%€256k▼ 34.6%
Operating result€49k-€78k▲ 59.9%€-104k€87k€-97k
Net result€22k-€41k▲ 89.0%€-110k€57k€-135k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €97k after €87k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446k
Fixed assets
€778▼ 99.0%
Current assets
€445k▼ 74.8%
Equity and liabilities €446k
Equity
€256k▼ 34.6%
Debt
€190k▼ 86.9%
The debt ratio falls from 78.8% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-97k▼
2024 · €115k
Cash flow
€-135k▼
2024 · €86k
Solvency
57.4%▲
2024 · 21.2%
Current ratio
2.66▲
2024 · 1.25
Quick ratio
2.36▲
2024 · 0.04
Debt / equity
0.74▼
2024 · 3.71
ROE
-52.8%▼
2024 · 14.6%
ROA
-30.3%▼
2024 · 3.1%
Interest coverage
-2.60▼
2024 · 3.99
Debt
€190k▼
2024 · €1.45M
Debt ≤ 1 year
€167k▼
2024 · €1.41M
Debt > 1 year
€23k▼
2024 · €44k
Income taxes
€616▼
2024 · €775
Staff costs
€0▼
2024 · €24k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.84M€446k▼
Fixed assets21/28€79k€778▼
Tangible fixed assets22/27€79k€778▼
Land and buildings22€6k€0▼
Furniture and vehicles24€73k€778▼
Current assets29/58€1.76M€445k▼
Stocks and contracts in progress3€1.71M€50k▼
Stocks30/36€50k€50k=
Contracts in progress37€1.66M€0▼
Amounts receivable within one year40/41€40k€184k▲
Trade receivables40€538€18k▲
Other amounts receivable41€40k€166k▲
Cash at bank and in hand54/58€6k€210k▲
Deferred charges and accrued income490/1€4k€611▼
Equity and liabilities
Total equity and liabilities10/49€1.84M€446k▼
Equity10/15€391k€256k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€382k€382k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€376k€376k=
Profit (loss) carried forward14€-53k€-188k▼
Amounts payable17/49€1.45M€190k▼
Amounts payable after more than one year17€44k€23k▼
Financial debts170/4€44k€23k▼
Amounts payable within one year42/48€1.41M€167k▼
Current portion of amounts payable after more than one year42€21k€22k▲
Financial debts43€1.01M€5k▼
Credit institutions430/8€1.01M€5k▼
Trade debts44€96k€3k▼
Suppliers440/4€96k€3k▼
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€6k€10k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€279k€127k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€31k
Remuneration, social security and pensions62€24k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€330▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€143k€-91k▼
Operating profit (loss)9901€87k€-97k▼
Financial income75/76B€31€103▲
Recurring financial income75€31€103▲
Financial charges65/66B€29k€37k▲
Recurring financial charges65€29k€37k▲
Profit (loss) for the period before taxes9903€58k€-135k▼
Income taxes67/77€775€616▼
Profit (loss) for the period9904€57k€-135k▼
Profit (loss) for the period to be appropriated9905€57k€-135k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-188k▼
Profit (loss) brought forward from the previous period14P€-110k€-53k▲
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €-135k ▼337%
Net result drops to €-135k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.66
Current ratio from 1.25 to 2.66; short-term debt falls from €1.41M to €167k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 7.26
Current ratio from 3.55 to 7.26; short-term debt falls from €312k to €128k.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Heusden-Zolder · 1 establishment unit since 2001
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.
Sint-Jobstraat 1923550 Heusden-ZolderGround area
3,574 m²
Building footprint
983 m²
Volume, LiDAR
5,432 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dahlialaan 6, 3550 Heusden-Zolder
since 20012.095.268.591
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462C0068/00E010 | Flanders | 1,974 m² | 1 · 267 m² | 8.8 m · 2 fl. |
| 71462D0529/00T000 | Flanders | 1,600 m² | 1 · 716 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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LA PASSION DU TOIT
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-07-2001
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68122Development of non-residential building projects
70112
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.