BOUWMAN
ActiveSummary
BOUWMAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €705,945 and a net result of €53,508. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 9975 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.87 against 25.9 in 2023; short-term debt: 13.6% and cash: 35.8% of total assets), and 13.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
6.6%
Age of the figures
21 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
6 d late
2022
3 d early
2021
5 d early
2020
15 d early
2019
18 d late
← 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 on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€705,945▼ 6.2%
2023 · €752,437
Total assets
€816,750▲ 6.8%
2023 · €765,097
Net result
€53,508▲ 246%
2023 · €15,473
Working capital
€318,295▲ 1.0%
2023 · €315,183
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Operating result€70,939€94,066▲ 32.6%€21,435▼ 77.2%€15,804▼ 26.3%€90,939▲ 475%
Net result€65,108within the sector's middle half€76,456within the sector's middle half▲ 17.4%€17,117within the sector's middle half▼ 77.6%€15,473within the sector's middle half▼ 9.6%€53,508above the sector's middle half▲ 246%
Equity€643,390within the sector's middle half▲ 11.3%€719,846within the sector's middle half▲ 11.9%€736,963within the sector's middle half▲ 2.4%€752,437above the sector's middle half▲ 2.1%€705,945above the sector's middle half▼ 6.2%
Total assets€673,371within the sector's middle half▲ 8.6%€745,186within the sector's middle half▲ 10.7%€753,067within the sector's middle half▲ 1.1%€765,097within the sector's middle half▲ 1.6%€816,750above the sector's middle half▲ 6.8%
Debt€29,981▼ 28.6%€25,340▼ 15.5%€16,104▼ 36.4%€12,660▼ 21.4%€110,805▲ 775%
Working capital€193,753within the sector's middle half▲ 28.7%€257,193within the sector's middle half▲ 32.7%€302,068within the sector's middle half▲ 17.4%€315,183within the sector's middle half▲ 4.3%€318,295above the sector's middle half▲ 1.0%
Solvency95.5%above the sector's middle half▲ 2.3pp96.6%above the sector's middle half▲ 1.1pp97.9%above the sector's middle half▲ 1.3pp98.3%above the sector's middle half▲ 0.5pp86.4%above the sector's middle half▼ 11.9pp
Current ratio14.20above the sector's middle half▲ 9.6213.71above the sector's middle half▼ 0.4919.76above the sector's middle half▲ 6.0525.90above the sector's middle half▲ 6.143.87above the sector's middle half▼ 22.02
Return on assets (ROA)9.7%above the sector's middle half▲ 16.6pp10.3%within the sector's middle half▲ 0.6pp2.3%within the sector's middle half▼ 8.0pp2.0%within the sector's middle half▼ 0.3pp6.6%within the sector's middle half▲ 4.5pp
Staff (FTE)2below the sector's middle half=1below the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 475% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €816,750
Fixed assets
€387,699 ▼ 11.3%
Current assets
€429,051 ▲ 30.9%
Equity and liabilities €816,750
Equity
€705,945 ▼ 6.2%
Debt
€110,805 ▲ 775%
Debt's share of the balance-sheet total rises from 1.7% to 13.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€145,623▲
2023 · €57,079
Cash flow
€108,193▲
2023 · €56,748
Quick ratio
3.85▼
2023 · 25.49
Debt to equity
0.16▲
2023 · 0.02
ROE
7.6%▲
2023 · 2.1%
Interest coverage
237.65▲
2023 · 136.23
Debt ≤ 1 year
€110,756▲
2023 · €12,660
Income taxes
€39,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 20,129 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,860 | - |
| Remuneration, social security and pensions62 | - | €42,893 | €1,435 | €10 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,197 | €41,251 | €40,730 | €41,275 | €54,684 | ▲ 32.5% |
| Other operating charges640/8 | - | €18,782 | €2,831 | €3,817 | €2,980 | ▼ 21.9% |
| Non-recurring operating charges66A | - | - | - | - | €975 | - |
| Gross operating margin9900 | €194,042 | €196,992 | €66,431 | €60,906 | €149,578 | ▲ 146% |
| Operating profit (loss)9901 | €70,939 | €94,066 | €21,435 | €15,804 | €90,939 | ▲ 475% |
| Financial income75/76B | - | €1,559 | €1,692 | €88 | €2,789 | ▲ 3,069% |
| Recurring financial income75 | €2,264 | €1,559 | €1,692 | €88 | €2,789 | ▲ 3,069% |
| Financial charges65/66B | - | €646 | €1,324 | €419 | €613 | ▲ 46.2% |
| Recurring financial charges65 | €3,193 | €646 | €1,324 | €419 | €613 | ▲ 46.2% |
| Profit (loss) for the period before taxes9903 | €70,010 | €94,979 | €21,803 | €15,473 | €93,115 | ▲ 502% |
| Income taxes67/77 | €4,902 | €18,523 | €4,686 | - | €39,607 | - |
| Profit (loss) for the period9904 | €65,108 | €76,456 | €17,117 | €15,473 | €53,508 | ▲ 246% |
| Profit (loss) for the period to be appropriated9905 | €65,108 | €76,456 | €17,117 | €15,473 | €53,508 | ▲ 246% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €673,371 | €745,186 | €753,067 | €765,097 | €816,750 | ▲ 6.8% |
| Fixed assets21/28 | €464,941 | €467,754 | €434,895 | €437,254 | €387,699 | ▼ 11.3% |
| Tangible fixed assets22/27 | €464,037 | €467,154 | €434,127 | €437,073 | €387,699 | ▼ 11.3% |
| Land and buildings22 | - | €320,700 | €312,457 | €304,213 | €295,887 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €4,156 | €3,648 | €6,009 | €9,505 | ▲ 58.2% |
| Furniture and vehicles24 | - | €139,751 | €115,794 | €124,941 | €80,716 | ▼ 35.4% |
| Other tangible fixed assets26 | - | €2,547 | €2,228 | €1,910 | €1,592 | ▼ 16.7% |
| Financial fixed assets28 | €904 | €600 | €768 | €181 | €0 | ▼ 100% |
| Current assets29/58 | €208,430 | €277,432 | €318,172 | €327,843 | €429,051 | ▲ 30.9% |
| Amounts receivable after more than one year29 | - | - | €28,000 | €28,000 | €28,000 | = |
| Other amounts receivable291 | - | - | €28,000 | €28,000 | €28,000 | = |
| Stocks and contracts in progress3 | €6,752 | €1,423 | €1,650 | €5,123 | €2,167 | ▼ 57.7% |
| Stocks30/36 | - | €1,423 | €1,650 | €5,123 | €2,167 | ▼ 57.7% |
| Amounts receivable within one year40/41 | €72,299 | €133,703 | €76,839 | €49,533 | €98,028 | ▲ 97.9% |
| Trade receivables40 | - | €48,698 | €37,226 | €13,434 | €51,787 | ▲ 285% |
| Other amounts receivable41 | - | €85,005 | €39,613 | €36,099 | €46,241 | ▲ 28.1% |
| Current investments50/53 | €3,753 | €3,755 | €3,754 | €3,760 | €3,774 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €107,215 | €135,997 | €207,004 | €238,654 | €292,354 | ▲ 22.5% |
| Deferred charges and accrued income490/1 | - | €2,554 | €925 | €2,773 | €4,727 | ▲ 70.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €673,371 | €745,186 | €753,067 | €765,097 | €816,750 | ▲ 6.8% |
| Equity10/15 | €643,390 | €719,846 | €736,963 | €752,437 | €705,945 | ▼ 6.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €559,682 | €559,682 | €559,682 | €559,683 | €513,183 | ▼ 8.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - |
| Distributable reserves133 | - | €557,822 | €557,822 | €557,823 | €513,183 | ▼ 8.0% |
| Profit (loss) carried forward14 | €65,108 | €141,564 | €158,681 | €174,154 | €174,162 | = |
| Amounts payable17/49 | €29,981 | €25,340 | €16,104 | €12,660 | €110,805 | ▲ 775% |
| Amounts payable after more than one year17 | €15,304 | €5,101 | - | - | - | - |
| Financial debts170/4 | - | €5,101 | - | - | - | - |
| Amounts payable within one year42/48 | €14,677 | €20,239 | €16,104 | €12,660 | €110,756 | ▲ 775% |
| Current portion of amounts payable after more than one year42 | - | €10,831 | - | - | - | - |
| Trade debts44 | €362 | €9,408 | €8,179 | €3,939 | €5,306 | ▲ 34.7% |
| Suppliers440/4 | - | €9,408 | €8,179 | €3,939 | €5,306 | ▲ 34.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €4,551 | - |
| Taxes450/3 | - | - | - | - | €4,551 | - |
| Other amounts payable47/48 | - | - | €7,925 | €8,721 | €100,898 | ▲ 1,057% |
| Accrued charges and deferred income492/3 | - | - | - | - | €49 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,108 | €76,456 | €17,117 | €15,473 | €53,508 | ▲ 246% |
| + Depreciation and write-downs630 | €32,197 | €41,251 | €40,730 | €41,275 | €54,684 | ▲ 32.5% |
| Operating cash flow (approximation) | €97,305 | €117,707 | €57,847 | €56,748 | €108,193 | ▲ 90.7% |
| Investment in fixed assets (approximation) | - | -€44,064 | -€7,871 | -€43,634 | -€5,129 | ▲ 88.2% |
| Change in cash | - | €28,782 | €71,007 | €31,650 | €53,700 | ▲ 69.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
28-07
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
Highest result since 2018net €76,456 ▲17.4%
Net result €76,456, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €65,108
Net result €65,108 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 14.20
Current ratio from 4.58 to 14.20; short-term debt falls from €41,997 to €14,677.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€43,131
Net result drops to -€43,131, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2003
Ground area
123 m²
Building footprint
28 m²
Volume, LiDAR
279 m³
Parcel 44363B0491/00Y005, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jean Jaurèslaan 71, 9050 Gent
since 20032.131.613.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0491/00Y005 | Flanders | 123 m² | 1 · 28 m² | 12.1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 71 EUR awarded · 71 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 71 EUR | 71 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 7,873 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480242644
Also
9925:BE0480242644
Registered
13-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.