BOW Design
ActiveSummary
The computed 12-month bankruptcy probability of BOW Design is 3.2% (moderate). The 2024 annual accounts show equity of €17,111 and a net result of -€9,147. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 9976 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-19
Solvency35▼-3
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.13 in 2023; short-term debt: 48% and cash: 0.3% of total assets), and 90.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.8%
Return on assets
-5.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€9,147
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9976 sector peers (2024).
NBB · sector comparisonPosition among 9976 sector peers
Solvency
better than 18%
← weakest
strongest →
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 29-07-2025, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
29 d late
2022
73 d late
2021
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 21 days after the deadline; 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
€17,111▼ 34.8%
2023 · €26,258
Total assets
€174,234▼ 15.9%
2023 · €207,272
Net result
-€9,147▼ 61.9%
2023 · -€5,651
Working capital
-€955
2023 · €11,761
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€18,983-€15,228▼ 19.8%-€881-€4,319▼ 390%
Net result€14,681-€11,227▼ 23.5%-€5,651-€9,147▼ 61.9%
Equity€20,681-€31,909▲ 54.3%€26,258▼ 17.7%€17,111▼ 34.8%
Total assets€63,674-€147,287▲ 131%€207,272▲ 40.7%€174,234▼ 15.9%
Debt€42,992-€115,378▲ 168%€181,014▲ 56.9%€157,123▼ 13.2%
Working capital€23,656-€30,726▲ 29.9%€11,761▼ 61.7%-€955
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,319 in 2024 against €881 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €174,234
Fixed assets
€91,617 ▼ 10.9%
Current assets
€82,617 ▼ 20.9%
Equity and liabilities €174,234
Equity
€17,111 ▼ 34.8%
Debt
€157,123 ▼ 13.2%
Debt's share of the balance-sheet total rises from 87.3% to 90.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,667▼
2023 · €16,990
Cash flow
€4,839▼
2023 · €12,220
Current ratio
0.99▼
2023 · 1.13
Quick ratio
0.81▼
2023 · 0.91
Debt to equity
9.18▲
2023 · 6.89
ROE
-53.5%▼
2023 · -21.5%
ROA
-5.2%▼
2023 · -2.7%
Interest coverage
1.80▼
2023 · 3.73
Debt ≤ 1 year
€83,573▼
2023 · €92,668
Debt > 1 year
€73,550▼
2023 · €88,083
Income taxes
€410▼
2023 · €1,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,610 | €9,428 | €17,871 | €13,986 | ▼ 21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €17,463 | -€17,463 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €4,818 | €21,269 | €3,973 | ▼ 81.3% |
| Gross operating margin9900 | €22,593 | €46,938 | €20,795 | €13,640 | ▼ 34.4% |
| Operating profit (loss)9901 | €18,983 | €15,228 | -€881 | -€4,319 | ▼ 390% |
| Financial income75/76B | €0 | €522 | €868 | €952 | ▲ 9.6% |
| Recurring financial income75 | €0 | €522 | €868 | €952 | ▲ 9.6% |
| Financial charges65/66B | €971 | €1,839 | €4,549 | €5,369 | ▲ 18.0% |
| Recurring financial charges65 | €971 | €1,839 | €4,549 | €5,369 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | €18,012 | €13,912 | -€4,561 | -€8,737 | ▼ 91.5% |
| Income taxes67/77 | €3,331 | €2,684 | €1,089 | €410 | ▼ 62.4% |
| Profit (loss) for the period9904 | €14,681 | €11,227 | -€5,651 | -€9,147 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €14,681 | €11,227 | -€5,651 | -€9,147 | ▼ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63,674 | €147,287 | €207,272 | €174,234 | ▼ 15.9% |
| Fixed assets21/28 | €15,577 | €63,082 | €102,844 | €91,617 | ▼ 10.9% |
| Tangible fixed assets22/27 | €15,082 | €58,838 | €98,599 | €89,367 | ▼ 9.4% |
| Land and buildings22 | - | €42,522 | €91,498 | €83,971 | ▼ 8.2% |
| Plant, machinery and equipment23 | €4,412 | €4,248 | €1,498 | €170 | ▼ 88.6% |
| Furniture and vehicles24 | €10,671 | €12,069 | €5,604 | €5,225 | ▼ 6.8% |
| Financial fixed assets28 | €494 | €4,244 | €4,244 | €2,250 | ▼ 47.0% |
| Current assets29/58 | €48,097 | €84,205 | €104,429 | €82,617 | ▼ 20.9% |
| Amounts receivable after more than one year29 | - | €2,500 | €0 | - | - |
| Trade receivables290 | - | €2,500 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | €19,898 | €15,316 | ▼ 23.0% |
| Stocks30/36 | - | - | €19,898 | €15,316 | ▼ 23.0% |
| Amounts receivable within one year40/41 | €47,130 | €71,318 | €80,672 | €66,821 | ▼ 17.2% |
| Trade receivables40 | €35,378 | €69,483 | €65,256 | €47,507 | ▼ 27.2% |
| Other amounts receivable41 | €11,752 | €1,835 | €15,416 | €19,314 | ▲ 25.3% |
| Cash at bank and in hand54/58 | €967 | €10,328 | €3,684 | €480 | ▼ 87.0% |
| Deferred charges and accrued income490/1 | - | €59 | €174 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63,674 | €147,287 | €207,272 | €174,234 | ▼ 15.9% |
| Equity10/15 | €20,681 | €31,909 | €26,258 | €17,111 | ▼ 34.8% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €14,681 | €25,909 | €20,258 | €11,111 | ▼ 45.2% |
| Amounts payable17/49 | €42,992 | €115,378 | €181,014 | €157,123 | ▼ 13.2% |
| Amounts payable after more than one year17 | €18,551 | €61,900 | €88,083 | €73,550 | ▼ 16.5% |
| Financial debts170/4 | €18,551 | €61,900 | €88,083 | €73,550 | ▼ 16.5% |
| Amounts payable within one year42/48 | €24,441 | €53,478 | €92,668 | €83,573 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €4,900 | €14,535 | €14,065 | €14,532 | ▲ 3.3% |
| Trade debts44 | €9,187 | €22,574 | €69,214 | €40,736 | ▼ 41.1% |
| Suppliers440/4 | €9,187 | €22,574 | €69,214 | €40,736 | ▼ 41.1% |
| Taxes, remuneration and social security45 | €4,304 | €7,076 | €9,389 | €28,304 | ▲ 201% |
| Taxes450/3 | €4,304 | €7,076 | €9,389 | €28,304 | ▲ 201% |
| Other amounts payable47/48 | €6,050 | €9,293 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €264 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,681 | €11,227 | -€5,651 | -€9,147 | ▼ 61.9% |
| + Depreciation and write-downs630 | €3,610 | €9,428 | €17,871 | €13,986 | ▼ 21.7% |
| Operating cash flow (approximation) | €18,292 | €20,656 | €12,220 | €4,839 | ▼ 60.4% |
| Investment in fixed assets (approximation) | - | -€56,934 | -€57,632 | -€2,759 | ▲ 95.2% |
| Change in cash | - | €9,361 | -€6,644 | -€3,204 | ▲ 51.8% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,147
Net result drops to -€9,147, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Neufchâteau · 1 establishment unit since 2021
Ground area
1,263 m²
Parcel 84026D0677/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BOW DESIGN
since 20212.311.734.484
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84026D0677/00G000 | Wallonia | 1,262 m² | - | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,105 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
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43230Insulation installation
43310Plastering work
43320Joinery installation
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761368242
Registered
20-04-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.