BOW
ActiveThe computed 12-month bankruptcy probability of BOW is 2.2% (moderate). The 2025 annual accounts show equity of €66k and a net result of €22k. Its solvency ranks better than 38% of 27619 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-10
Solvency61▲+13
Growth52
Track record82
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.99 in 2024; short-term debt: 40.4% and cash: 1.1% of total assets), but 63.5% 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+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
36.5%
Return on assets
12.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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.
NBB · 2 filingsDeviation from the deadline
2025
3 d late
2024
13 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 51.2%
2024 · €43k
2024: €43k
2024 → 2025
Total assets
€180k▼ 3.5%
2024 · €186k
2024: €186k
2024 → 2025
Net result
€22k▼ 42.2%
2024 · €38k
2024: €38k
2024 → 2025
Working capital
€102k▲ 14.3%
2024 · €89k
2024: €89k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€43k-€66k▲ 51.2%
Operating result€50k-€29k▼ 42.8%
Net result€38k-€22k▼ 42.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€5k▼ 30.4%
Current assets
€175k▼ 2.4%
Equity and liabilities €180k
Equity
€66k▲ 51.2%
Debt
€114k▼ 20.1%
The debt ratio falls from 76.7% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €59k
Cash flow
€26k▼
2024 · €47k
Solvency
36.5%▲
2024 · 23.3%
Current ratio
2.40▲
2024 · 1.99
Quick ratio
2.34▲
2024 · 1.94
Debt / equity
1.74▼
2024 · 3.30
ROE
33.8%▼
2024 · 88.5%
ROA
12.3%▼
2024 · 20.6%
Interest coverage
13.49▼
2024 · 18.25
Debt
€114k▼
2024 · €143k
Debt ≤ 1 year
€73k▼
2024 · €90k
Debt > 1 year
€42k▼
2024 · €53k
Income taxes
€7k▼
2024 · €11k
Staff costs
€73k▼
2024 · €85k
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€186k€180k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€3k€0▼
Current assets29/58€179k€175k▼
Amounts receivable after more than one year29€92k€119k▲
Other amounts receivable291€92k€119k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€71k€49k▼
Trade receivables40€65k€39k▼
Other amounts receivable41€6k€10k▲
Cash at bank and in hand54/58€11k€2k▼
Deferred charges and accrued income490/1€79€0▼
Equity and liabilities
Total equity and liabilities10/49€186k€180k▼
Equity10/15€43k€66k▲
Contributions10/11€5k€5k=
Reserves13€38k€61k▲
Distributable reserves133€38k€61k▲
Amounts payable17/49€143k€114k▼
Amounts payable after more than one year17€53k€42k▼
Financial debts170/4€53k€42k▼
Amounts payable within one year42/48€90k€73k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€43k€26k▼
Suppliers440/4€43k€26k▼
Advances received on contracts in progress46€9k€9k=
Taxes, remuneration and social security45€26k€27k▲
Taxes450/3€22k€22k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€400€248▼
Accrued charges and deferred income492/3€37€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€85k€73k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€4k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€148k€107k▼
Operating profit (loss)9901€50k€29k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€49k€29k▼
Income taxes67/77€11k€7k▼
Profit (loss) for the period9904€38k€22k▼
Profit (loss) for the period to be appropriated9905€38k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€22k▼
Transfer to equity691/2€38k€22k▼
To other reserves6921€38k€22k▼
The notes to these accounts (8 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Kortrijk · 1 establishment unit since 2023
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.
Hektor Casteleinstraat(Mar) 88510 KortrijkGround area
483 m²
Building footprint
475 m²
Volume, LiDAR
2,455 m³
Parcel 34026A0139/00N027, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOW
since 20232.351.110.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0139/00N027 | Flanders | 483 m² | 1 · 475 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EMT Schrijnwerken
BE 0759.633.526
Maasmechelen · Eq €66k
SOLOCHASSIS
BE 0805.955.974
Villers-le-Bouillet · Eq €66k
Atelier Nowé
BE 1003.137.178
Kruisem · Eq €66k
B-WORKS
BE 1017.904.934
Oostkamp · Eq €66k
GG RENO-WOOD
BE 0738.703.005
Wevelgem · Eq €65k
Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 7,590 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.