Result
€89,707 €89,707
Back in profit in 2026, after a loss of €326,545 in 2025.
Bowers
Lifetime
2 annual accounts with figures on one time axispeak €1.6m (2026)
€1.6m▲ 222%
lowest -€326,545 (2025)
€89,707▲ €416,252
peak €263,162 (2026)
€263,162▲ €389,707
€1.2m▼ 9.6%
peak 18.9 FTE (2026)
18.9 FTE▲ 29.5%
Board3 names since 2023
2 directorsMAVERICK MANAGEMENT and 1 other
Owners
Documentsfilings and deeds
02-11-202690 days before the deadline
2026abbreviated format
Gross margin from €486,788 to €1.6mBack to profit: €89,707Staff from 14.6 FTE to 18.9 FTECapital contribution of €300,000 10-07Equity from -€126,545 to €263,162Cash from €38,785 to €51,860
Key points
from the 2026 annual accountsTurnover
≈ €4.3m estimated
The abbreviated format states no turnover.
Debts
€1.2m 82% of the balance sheet
Financial debts 17%Suppliers 54%Taxes and wages 18%Other 11%
Of this, €1.2m falls due within a year.
Investments
€22,032 0.1 × depreciation
Green is investment, beige is depreciation.
Staff
25 employees on 30-06-2026
In 2026, 30 people joined and 21 left.
Position in the sector
17.8%
Lower solvency than 84% of companies in specialised construction. Sector median 49.9% · 413 companies.
Checked score
52
Fair
Financially stronger than 46% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 1.9%lowest value
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 2.0%▲ +0.1 percentage points vs 02-2025
04-2025: 2.4%▲ +0.4 percentage points vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.7%▲ +0.3 percentage points vs 05-2025
07-2025: 3.0%▲ +0.3 percentage points vs 06-2025
08-2025: 3.0%● unchanged vs 07-2025
09-2025: 2.9%▼ -0.1 percentage points vs 08-2025
10-2025: 3.0%▲ +0.1 percentage points vs 09-2025
11-2025: 3.2%▲ +0.2 percentage points vs 10-2025
12-2025: 3.3%▲ +0.1 percentage points vs 11-2025
01-2026: 3.3%● unchanged vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.3%● unchanged vs 02-2026
04-2026: 4.7%▲ +1.4 percentage points vs 03-2026highest value
05-2026: 4.7%● unchanged vs 04-2026highest value
06-2026: 4.7%● unchanged vs 05-2026highest value
07-2026: 4.6%▼ -0.1 percentage points vs 06-2026
08-2026: 4.6%● unchanged vs 07-2026
09-2026: 4.6%● unchanged vs 08-2026
10-2026: 4.6%● unchanged vs 09-2026
11-2026: 2.7%▼ -1.9 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
1 of the last 3 accounts late
Equity €263,162 (17.8% of total assets)
Sector: Specialised construction activities (NACE 43)
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, small). It does better than 19% of them on solvency, 5% on liquidity, 62% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,602 companies had the same profile as Bowers has now. Each dot stands for 5 companies, two years later.
96.4%
were still trading
0.9%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Bowers itself: 2.7% 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 1,602 companies, not a prediction for Bowers. 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 €13,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.72 (0.39 in 2025), below 1. Short-term debt is 78.8% and cash 3.5% of total assets. 82.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 413 sector peers (2026).
NBB · sector comparisonPosition among 413 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 02-11-2026, 90 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
90 days early
2025
59 days late
← before the deadline
after the deadline →
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today30-06-2027 year end31-01-2028 deadline
Board and ownership
MM
MAVERICK MANAGEMENT
Director, Alexandre Van Hulle, since 07-12-2023
- FININVEST BELGIUM 50%score 97equity €1.4m (2025) · 2025 annual accounts of FININVEST BELGIUM
Recent changes
Capital contribution of €300,000
Contributions: Alexandre Van Hulle (€150,000); Fininvest Belgium BV (€150,000) · Appointment: VGD Bedrijfsrevisoren BV (statutory auditor) · General meeting of 29-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003134408
Capital increase of €100,000
1,000 new shares · Contribution: FININVEST BELGIUM · Appointments: MAVERICK MANAGEMENT (class A director) and LUC GRAUWET (class B director) · General meeting of 25-10-2024 · Gazette deed
First establishment
Oostendse Baan 1A, Gistel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bowers Gistel | €1.5m | €1.6m | 17.8% | 18.9 |
| Comfort Home HVAC Tielt | €1.9m | €1.8m | 51.4% | 19.3 |
| TAVIS & Co Kuurne | €0.9m | €1.8m | 46.6% | 20.7 |
| Colson - Roiseux Havelange | €2.0m | €2.6m | 23.9% | 28.3 |
| MAXCONFORT Wavre | €0.9m | €1.3m | 42.2% | 15.9 |
| Technique du Froid Florennes | €2.2m | €1.4m | 23.8% | 16.5 |
| CDL-ENERGIE Somme-Leuze | €0.9m | €1.1m | 51.7% | 11.3 |
These companies have the same main activity as Bowers: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €863,000 and €2.2m, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 07-12-2023Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 6 others
- Joint committees
- 124Construction
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2026
- Establishment unit
- 2.354.947.8858470 Gistel, since 01-01-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 18-12-2025
Annual accounts to 30-06-2026
- €1.5m▲ 21.5%
- Employeeson 30-06-2026
- 25▲ 56.3%
- Filing
- Filed on 02-11-2026, 90 days before the end of the filing period
Insights on Bowers
The computed 12-month bankruptcy probability of Bowers is 2.7% (moderate). The 2026 annual accounts show equity of €263,162 and a net result of €89,707.
Its solvency ranks better than 15% of 413 sector peers (NACE 43, financial year 2026). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Bowers
- What is the company number of Bowers?
- The company number of Bowers is 1003.134.408. The VAT number is the same number with BE in front: BE 1003.134.408.
- Where is Bowers based?
- The registered office is at Zevekotestraat 73, 8470 Gistel.Company details
- What does Bowers do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Bowers?
- Bowers is a private limited company (BV).
- When was Bowers founded?
- Bowers was founded on 07-12-2023.
- Is Bowers still active?
- Yes, Bowers is an active enterprise in the KBO register.
- How many employees does Bowers have?
- Bowers had an average of 18.9 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Bowers fall under?
- In its 30-06-2026 annual accounts, Bowers states joint committees 124 (Construction), 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Bowers?
- The turnover in financial year 2026 is ≈ €4.3m. This figure is estimated from the gross margin of €1.6m and 30 comparable companies (NACE 432). It probably lies between €3.6m and €5.4m.
- Is Bowers profitable?
- In financial year 2026, Bowers made a profit of €89,707.
- Where can I find the annual accounts of Bowers?
- Bowers filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Bowers due?
- Bowers must file the annual accounts for financial year 2027 by 31-01-2028.Timeline
Next steps
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