BOWOOD
ActiveSummary
BOWOOD has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449,300 and a net result of €290,015. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+7
Solvency40▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.55 against 2.74 in 2024; short-term debt: 8.3% and cash: 5.3% of total assets), but 84.7% of the assets are financed with debt.
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Signals
Four 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 · 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
15.3%
Return on assets
9.9%
Age of the figures
16 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 18-12-2025, 13 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
13 d early
2024
1 d early
2023
2 d early
2022
2 d early
2021
1 d early
2020
1 d early
2019
7 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 4 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 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 29 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-05-2026 close28-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€449,300▼ 25.3%
2024 · €601,285
Total assets
€2.9m▼ 8.4%
2024 · €3.2m
Net result
€290,015▲ 98.8%
2024 · €145,908
Working capital
€376,232▼ 24.5%
2024 · €498,066
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€244,218▲ 167%€333,539▲ 36.6%€565,277▲ 69.5%€167,280▼ 70.4%€423,118▲ 153%
Net result€191,546above the sector's middle half▲ 118%€241,187above the sector's middle half▲ 25.9%€443,730above the sector's middle half▲ 84.0%€145,908above the sector's middle half▼ 67.1%€290,015above the sector's middle half▲ 98.8%
Equity€298,946above the sector's middle half▲ 11.8%€540,133above the sector's middle half▲ 80.7%€455,377above the sector's middle half▼ 15.7%€601,285above the sector's middle half▲ 32.0%€449,300above the sector's middle half▼ 25.3%
Total assets€493,914within the sector's middle half▲ 41.4%€736,264above the sector's middle half▲ 49.1%€816,339above the sector's middle half▲ 10.9%€3.2mabove the sector's middle half▲ 291%€2.9mabove the sector's middle half▼ 8.4%
Debt€194,968▲ 138%€196,132▲ 0.6%€360,963▲ 84.0%€2.6m▲ 619%€2.5m▼ 4.4%
Working capital€311,171above the sector's middle half▲ 11.9%€537,633above the sector's middle half▲ 72.8%€442,655above the sector's middle half▼ 17.7%€498,066above the sector's middle half▲ 12.5%€376,232above the sector's middle half▼ 24.5%
Solvency60.5%within the sector's middle half▼ 16.0pp73.4%within the sector's middle half▲ 12.8pp55.8%within the sector's middle half▼ 17.6pp18.8%below the sector's middle half▼ 37.0pp15.3%below the sector's middle half▼ 3.5pp
Current ratio2.73within the sector's middle half▼ 2.363.74within the sector's middle half▲ 1.012.23within the sector's middle half▼ 1.512.74within the sector's middle half▲ 0.512.55within the sector's middle half▼ 0.19
Return on assets (ROA)38.8%above the sector's middle half▲ 13.7pp32.8%above the sector's middle half▼ 6.0pp54.4%above the sector's middle half▲ 21.6pp4.6%within the sector's middle half▼ 49.8pp9.9%within the sector's middle half▲ 5.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 153% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.3m ▼ 4.2%
Current assets
€618,965 ▼ 21.1%
Equity and liabilities €2.9m
Equity
€449,300 ▼ 25.3%
Debt
€2.5m ▼ 4.4%
Debt's share of the balance-sheet total rises from 81.2% to 84.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€524,772▲
2024 · €505,127
Cash flow
€391,669▼
2024 · €483,756
Debt to equity
5.52▲
2024 · 4.32
ROE
64.5%▲
2024 · 24.3%
Interest coverage
8.87▼
2024 · 737.56
Debt ≤ 1 year
€242,732▼
2024 · €286,646
Debt > 1 year
€2.2m▼
2024 · €2.3m
Income taxes
€96,962▲
2024 · €52,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,605 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €509 | €295 | €281 | €337,848 | €101,654 | ▼ 69.9% |
| Other operating charges640/8 | - | €1,381 | €1,521 | €1,611 | €2,291 | ▲ 42.2% |
| Gross operating margin9900 | €245,867 | €335,215 | €567,079 | €506,738 | €527,063 | ▲ 4.0% |
| Operating profit (loss)9901 | €244,218 | €333,539 | €565,277 | €167,280 | €423,118 | ▲ 153% |
| Financial income75/76B | - | €23,669 | €28,961 | €31,489 | €22,991 | ▼ 27.0% |
| Recurring financial income75 | €15,634 | €23,669 | €28,961 | €31,489 | €22,991 | ▼ 27.0% |
| Financial charges65/66B | - | €2,403 | €883 | €685 | €59,132 | ▲ 8,534% |
| Recurring financial charges65 | €2,307 | €2,403 | €883 | €685 | €59,132 | ▲ 8,534% |
| Profit (loss) for the period before taxes9903 | €257,545 | €354,805 | €593,355 | €198,084 | €386,977 | ▲ 95.4% |
| Income taxes67/77 | €65,999 | €113,619 | €149,625 | €52,176 | €96,962 | ▲ 85.8% |
| Profit (loss) for the period9904 | €191,546 | €241,187 | €443,730 | €145,908 | €290,015 | ▲ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €191,546 | €241,187 | €443,730 | €145,908 | €290,015 | ▲ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €493,914 | €736,264 | €816,339 | €3.2m | €2.9m | ▼ 8.4% |
| Fixed assets21/28 | €2,775 | €2,500 | €12,722 | €2.4m | €2.3m | ▼ 4.2% |
| Tangible fixed assets22/27 | €295 | - | €10,222 | €2.4m | €2.3m | ▼ 4.2% |
| Furniture and vehicles24 | - | - | €10,222 | €37,445 | €30,712 | ▼ 18.0% |
| Leasing and similar rights25 | - | - | - | €2.4m | €2.3m | ▼ 4.0% |
| Financial fixed assets28 | €2,480 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €491,139 | €733,764 | €803,618 | €784,712 | €618,965 | ▼ 21.1% |
| Amounts receivable within one year40/41 | €432,345 | €674,377 | €684,377 | €697,408 | €451,123 | ▼ 35.3% |
| Other amounts receivable41 | - | €674,377 | €684,377 | €697,408 | €451,123 | ▼ 35.3% |
| Cash at bank and in hand54/58 | €50,087 | €42,379 | €93,012 | €72,485 | €155,929 | ▲ 115% |
| Deferred charges and accrued income490/1 | - | €17,008 | €26,229 | €14,820 | €11,913 | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €493,914 | €736,264 | €816,339 | €3.2m | €2.9m | ▼ 8.4% |
| Equity10/15 | €298,946 | €540,133 | €455,377 | €601,285 | €449,300 | ▼ 25.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €280,346 | €521,533 | €436,777 | €582,685 | €430,700 | ▼ 26.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €519,673 | €434,917 | €582,685 | €430,700 | ▼ 26.1% |
| Amounts payable17/49 | €194,968 | €196,132 | €360,963 | €2.6m | €2.5m | ▼ 4.4% |
| Amounts payable after more than one year17 | - | - | - | €2.3m | €2.2m | ▼ 3.1% |
| Financial debts170/4 | - | - | - | €2.3m | €2.2m | ▼ 3.1% |
| Amounts payable within one year42/48 | €179,968 | €196,132 | €360,963 | €286,646 | €242,732 | ▼ 15.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €68,798 | €70,518 | ▲ 2.5% |
| Financial debts43 | - | €48,596 | €16,861 | - | - | - |
| Credit institutions430/8 | - | €48,596 | €16,861 | - | - | - |
| Trade debts44 | €27,203 | €34,983 | €47,013 | €5,536 | €5,347 | ▼ 3.4% |
| Suppliers440/4 | - | €34,983 | €47,013 | €5,536 | €5,347 | ▼ 3.4% |
| Taxes, remuneration and social security45 | - | €51,832 | €103,647 | €23,576 | €160,490 | ▲ 581% |
| Taxes450/3 | - | €51,832 | €103,647 | €23,576 | €160,490 | ▲ 581% |
| Other amounts payable47/48 | - | €60,721 | €193,442 | €188,736 | €6,377 | ▼ 96.6% |
| Accrued charges and deferred income492/3 | - | - | - | €26,734 | €25,750 | ▼ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €191,546 | €241,187 | €443,730 | €145,908 | €290,015 | ▲ 98.8% |
| + Depreciation and write-downs630 | €509 | €295 | €281 | €337,848 | €101,654 | ▼ 69.9% |
| Operating cash flow (approximation) | €192,055 | €241,482 | €444,011 | €483,756 | €391,669 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€20 | -€10,502 | -€2.7m | €0 | ▲ 100% |
| Change in cash | - | -€7,708 | €50,633 | -€20,527 | €83,444 | ▲ 507% |
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
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial
Equity above €500,000Eq €601,285 ▲32%
6 profitable years in a row build equity to €601,285.
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-05
Financial
Highest result since 2019net €443,730 ▲84%
Operating result €565,277, net result €443,730, both a record.
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-05
Financial
Equity above €500,000Eq €540,133 ▲80.7%
4 profitable years in a row build equity to €540,133.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-05
Financial
Equity above €200,000Eq €267,400 ▲48.8%
2 profitable years in a row build equity to €267,400.
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lievegem · 1 establishment unit since 2016
Ground area
2,311 m²
Building footprint
521 m²
Volume, LiDAR
693 m³
2 parcels, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bowood
since 20162.254.725.210
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B0768/00B002 | Flanders | 1,616 m² | 1 · 293 m² | 0.0 m |
| 44452B0770/00S000 | Flanders | 695 m² | 1 · 228 m² | 4.6 m · 1 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 35,508 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
Founded13-07-2016
Fiscal year end31-05
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659653745
Also
9925:BE0659653745
Registered
10-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.