BOUWMANAGEMENT
ActiveSummary
BOUWMANAGEMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,249 and a net result of €62,638. Equity is growing by ~52.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+11
Solvency32▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.23 in 2024; short-term debt: 81.8% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
7.3%
Return on assets
3.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-11-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
73 d early
2023
69 d early
2022
49 d early
2021
55 d early
2020
54 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€120,249▲ 109%
2024 · €57,611
Total assets
€1.6m▼ 7.6%
2024 · €1.8m
Net result
€62,638▼ 17.9%
2024 · €76,335
Working capital
-€875,396▲ 20.8%
2024 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€161,716€98,318▼ 39.2%€78,604▼ 20.1%€204,148▲ 160%€120,900▼ 40.8%
Net result€138,878above the sector's middle half€75,664within the sector's middle half▼ 45.5%€159,628within the sector's middle half▲ 111%€76,335within the sector's middle half▼ 52.2%€62,638within the sector's middle half▼ 17.9%
Equity-€254,017below the sector's middle half▲ 35.3%-€178,352below the sector's middle half▲ 29.8%-€18,724below the sector's middle half▲ 89.5%€57,611below the sector's middle half€120,249within the sector's middle half▲ 109%
Total assets€2.0mwithin the sector's middle half▲ 2.0%€2.0mwithin the sector's middle half▼ 2.0%€2.1mwithin the sector's middle half▲ 3.5%€1.8mwithin the sector's middle half▼ 13.4%€1.6mabove the sector's middle half▼ 7.6%
Debt€2.3m▼ 4.1%€2.2m▼ 5.1%€2.1m▼ 4.1%€1.7m▼ 16.9%€1.5m▼ 11.4%
Working capital-€1.8mbelow the sector's middle half▲ 5.1%-€1.8mbelow the sector's middle half▲ 4.3%-€1.3mbelow the sector's middle half▲ 27.1%-€1.1mbelow the sector's middle half▲ 13.4%-€875,396below the sector's middle half▲ 20.8%
Solvency-12.5%below the sector's middle half▲ 7.2pp-9.0%below the sector's middle half▲ 3.5pp-0.9%below the sector's middle half▲ 8.1pp3.2%below the sector's middle half▲ 4.1pp7.3%below the sector's middle half▲ 4.1pp
Current ratio0.20below the sector's middle half▲ 0.010.19below the sector's middle half▼ 0.010.25below the sector's middle half▲ 0.060.23below the sector's middle half▼ 0.010.35below the sector's middle half▲ 0.12
Return on assets (ROA)6.8%within the sector's middle half▲ 12.1pp3.8%within the sector's middle half▼ 3.0pp7.8%within the sector's middle half▲ 3.9pp4.3%within the sector's middle half▼ 3.5pp3.8%within the sector's middle half▼ 0.5pp
Staff (FTE)0.1below the sector's middle half0.1below the sector's middle half=0within the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.2m ▼ 18.7%
Current assets
€472,834 ▲ 39.9%
Equity and liabilities €1.6m
Equity
€120,249 ▲ 109%
Debt
€1.5m ▼ 11.4%
Debt's share of the balance-sheet total falls from 96.8% to 92.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€239,974▼
2024 · €322,629
Cash flow
€181,712▼
2024 · €194,816
Quick ratio
0.34▲
2024 · 0.23
Debt to equity
12.71▼
2024 · 29.96
ROE
52.1%▼
2024 · 132.5%
Interest coverage
3.89▲
2024 · 2.54
Debt ≤ 1 year
€1.3m▼
2024 · €1.4m
Debt > 1 year
€170,419▼
2024 · €272,076
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,216 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,000 | €413 | €35,518 | €227,923 | ▲ 542% |
| Remuneration, social security and pensions62 | - | €6,048 | €914 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,445 | €113,363 | €119,692 | €118,481 | €119,074 | ▲ 0.5% |
| Other operating charges640/8 | - | €3,102 | €3,366 | €3,274 | €17,070 | ▲ 421% |
| Gross operating margin9900 | €277,178 | €220,831 | €202,575 | €325,903 | €257,045 | ▼ 21.1% |
| Operating profit (loss)9901 | €161,716 | €98,318 | €78,604 | €204,148 | €120,900 | ▼ 40.8% |
| Financial income75/76B | - | €6,378 | €157,160 | - | €3,400 | - |
| Recurring financial income75 | €447 | €1,160 | €292 | - | €3,400 | - |
| Non-recurring financial income76B | - | €5,218 | €156,869 | - | - | - |
| Financial charges65/66B | - | €29,031 | €48,684 | €127,183 | €61,663 | ▼ 51.5% |
| Recurring financial charges65 | €23,285 | €29,031 | €48,684 | €127,183 | €61,663 | ▼ 51.5% |
| Profit (loss) for the period before taxes9903 | €138,878 | €75,664 | €187,080 | €76,965 | €62,638 | ▼ 18.6% |
| Income taxes67/77 | - | - | €27,452 | €629 | - | - |
| Profit (loss) for the period9904 | €138,878 | €75,664 | €159,628 | €76,335 | €62,638 | ▼ 17.9% |
| Profit (loss) for the period to be appropriated9905 | €138,878 | €75,664 | €159,628 | €76,335 | €62,638 | ▼ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.0m | €2.1m | €1.8m | €1.6m | ▼ 7.6% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.4m | €1.2m | ▼ 18.7% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.6m | €1.4m | €1.2m | ▼ 18.6% |
| Land and buildings22 | - | €1.5m | €1.6m | €1.4m | €1.2m | ▼ 18.2% |
| Plant, machinery and equipment23 | - | €25,249 | €18,223 | €11,197 | €4,181 | ▼ 62.7% |
| Furniture and vehicles24 | - | €3,453 | €4,782 | €12,021 | €8,290 | ▼ 31.0% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €0 | ▼ 100% |
| Current assets29/58 | €453,928 | €416,104 | €421,643 | €338,045 | €472,834 | ▲ 39.9% |
| Stocks and contracts in progress3 | - | - | - | €12,500 | €12,500 | = |
| Stocks30/36 | - | - | - | €12,500 | €12,500 | = |
| Amounts receivable within one year40/41 | €448,501 | €413,220 | €420,120 | €324,022 | €458,811 | ▲ 41.6% |
| Trade receivables40 | - | €27,197 | €20,666 | €6,086 | €32,356 | ▲ 432% |
| Other amounts receivable41 | - | €386,023 | €399,454 | €317,937 | €426,456 | ▲ 34.1% |
| Cash at bank and in hand54/58 | €3,578 | €771 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €2,114 | €1,523 | €1,523 | €1,523 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €2.1m | €1.8m | €1.6m | ▼ 7.6% |
| Equity10/15 | -€254,017 | -€178,352 | -€18,724 | €57,611 | €120,249 | ▲ 109% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€274,477 | -€198,812 | -€39,184 | €37,151 | €99,789 | ▲ 169% |
| Amounts payable17/49 | €2.3m | €2.2m | €2.1m | €1.7m | €1.5m | ▼ 11.4% |
| Amounts payable after more than one year17 | - | - | €369,346 | €272,076 | €170,419 | ▼ 37.4% |
| Financial debts170/4 | - | - | €369,346 | €272,076 | €170,419 | ▼ 37.4% |
| Amounts payable within one year42/48 | €2.3m | €2.2m | €1.7m | €1.4m | €1.3m | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | €93,071 | €97,269 | €101,657 | ▲ 4.5% |
| Financial debts43 | - | €1.2m | €601,708 | €602,630 | €601,927 | ▼ 0.1% |
| Credit institutions430/8 | - | €1.2m | €601,708 | €602,630 | €601,927 | ▼ 0.1% |
| Trade debts44 | €237,218 | €224,125 | €305,551 | €148,081 | €128,704 | ▼ 13.1% |
| Suppliers440/4 | - | €224,125 | €305,551 | €148,081 | €128,704 | ▼ 13.1% |
| Advances received on contracts in progress46 | - | - | €16,500 | - | - | - |
| Taxes, remuneration and social security45 | - | €6,414 | €37,103 | €38,100 | €10,745 | ▼ 71.8% |
| Taxes450/3 | - | €5,736 | €37,103 | €38,100 | €10,745 | ▼ 71.8% |
| Remuneration and social security454/9 | - | €678 | €0 | - | - | - |
| Other amounts payable47/48 | - | €787,331 | €644,952 | €557,818 | €505,197 | ▼ 9.4% |
| Accrued charges and deferred income492/3 | - | €0 | €9,860 | €10,081 | €9,775 | ▼ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,878 | €75,664 | €159,628 | €76,335 | €62,638 | ▼ 17.9% |
| + Depreciation and write-downs630 | €110,445 | €113,363 | €119,692 | €118,481 | €119,074 | ▲ 0.5% |
| Operating cash flow (approximation) | €249,323 | €189,027 | €279,320 | €194,816 | €181,712 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | -€110,268 | -€184,003 | €73,620 | €150,710 | ▲ 105% |
| Change in cash | - | -€2,807 | -€771 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €100,000Eq €120,249 ▲109%
5 profitable years in a row build equity to €120,249.
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €159,628 ▲111%
Net result €159,628, the highest in the series.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €138,878
Net result €138,878 after 2 loss-making years.
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Waregem · 2 establishment units since 2003
Ground area
4.1 ha
Building footprint
458 m²
Volume, LiDAR
2,596 m³
2 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
2 establishment units
Opstalstraat 75, 8792 Waregem
since 20032.126.651.952
Tieltstraat 17, 8720 Dentergem
since 20232.342.943.839
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37006A0068/00E002 | Flanders | 2.2 ha | 1 · 300 m² | 9.8 m · 2 fl. |
| 34010A0700/00H000 | Flanders | 2.0 ha | 1 · 158 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 5,711 companies in sector 70100 we hold annual accounts for 3,519. 2,324 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
Founded08-02-2002
Fiscal year end30-06
Abbreviation NL
BMA
Activities, NACEBEL 2025
70100Activities of head offices
52100Warehousing and storage
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476868925
Also
9925:BE0476868925
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.