Equity
€271,396 ▲ 148%
Equity rose in 2025 from €109,565 to €271,396.
BOWACO
Lifetime
3 annual accounts with figures on one time axispeak €216,738 (2025)
€216,738▲ 91.3%
peak €161,832 (2025)
€161,832▲ 86.5%
peak €271,396 (2025)
€271,396▲ 148%
€211,904▲ 126%
Board1 name since 2022
1 directorCORYN Alexis Isabelle Marc
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Gross margin from €113,322 to €216,738Result from €86,759 to €161,832Equity from €109,565 to €271,396Debts from €93,797 to €211,904Cash from €96,099 to €399,865
Key points
from the 2025 annual accountsTurnover
≈ €640,000 estimated
The micro format states no turnover.
Debts
€211,904 ▲ 126%
Debts rose by €118,107 in 2025.
Investments
€908 11.1 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 1 late
The 2024 accounts came 26 days late. The other two were filed on time.
Position in the sector
€161,832
Higher net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
98
Excellent
Financially stronger than 81% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.8 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
lowers risk
Liquidity: current ratio 2.28, cash €399,865
Size: total assets €483,300
Equity €271,396 (56.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 61% of them on solvency, 77% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,127 companies had the same profile as BOWACO has now. Each dot stands for 8 companies, two years later.
97.2%
were still trading
1.9%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of BOWACO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for BOWACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.28 (2.17 in 2024), above the usual 1.5. Short-term debt is 43.8% and cash 82.7% of total assets. 43.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 days early
2024
26 days late
2023
48 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 27 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (3 of the last 3 accounts filed within 73 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795105931
First establishment
Voordestraat 5, Deinze
Incorporation
Founding capital of €2,500, 50 shares · Founder: CORYN Alexis Isabelle Marc · Appointment: CORYN Alexis Isabelle Marc (director) · published on 22-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BOWACO Deinze | €483,300 | €216,738 | 56.2% | - |
| BFM ELEKTROTECHNIEK Maldegem | €534,123 | €193,393 | 1.9% | 1 |
| Q TECHNICS Zulte | €490,217 | €184,352 | 78.7% | - |
| SAZA CONSTRUCT Ghent | €525,504 | €253,679 | 29.1% | - |
| RED PLANET La Louvière | €462,944 | €206,607 | 16.9% | - |
| Ross Security Tielt | €453,724 | €216,804 | 78.7% | - |
| Alroot EL Diest | €470,076 | €233,342 | 34.6% | - |
These companies have the same main activity as BOWACO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €454,000 and €534,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 20-12-2022Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.339.706.1189850 Deinze, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €483,300▲ 138%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on BOWACO
BOWACO files the micro format. That format states no turnover. The gross margin rose from €28,635 in 2023 to €216,738 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BOWACO
- What is the company number of BOWACO?
- The company number of BOWACO is 0795.105.931. The VAT number is the same number with BE in front: BE 0795.105.931.
- Where is BOWACO based?
- The registered office is at Voordestraat 5, 9850 Deinze.Company details
- What does BOWACO do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BOWACO?
- BOWACO is a private limited company (BV).
- When was BOWACO founded?
- BOWACO was founded on 20-12-2022.
- Is BOWACO still active?
- Yes, BOWACO is an active enterprise in the KBO register.
- What is the turnover of BOWACO?
- The turnover in financial year 2025 is ≈ €640,000. This figure is estimated from the gross margin of €216,738 and 38 comparable companies (NACE 43211). It probably lies between €430,000 and €790,000.Financials
- Is BOWACO profitable?
- In financial year 2025, BOWACO made a profit of €161,832.
- Where can I find the annual accounts of BOWACO?
- BOWACO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BOWACO due?
- BOWACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.