Equity
€1.1m ▲ 44.1%
Equity rose in 2025 from €753,363 to €1.1m.
BW CONSTRUCT
Overview
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2004peak €684,878 (2022)
€607,594▲ 31.4%
lowest -€54,784 (2023)
€332,563▲ 40.4%
peak €1.1m (2025)
€1.1m▲ 44.1%
€3.0m▼ 13.3%
Board2 names since 2020
1 directorVERVAET B.
Documentsfilings and deeds
16-12-202546 days before the deadline
2025micro format
Gross margin from €462,561 to €607,594Result from €236,903 to €332,563Equity from €753,363 to €1.1mCash from €75,241 to €295,410
Key points
from the 2025 annual accountsTurnover
≈ €1.1m estimated
The micro format states no turnover.
Debts
€3.0m 74% of the balance sheet
Financial debts 92%Suppliers 4%Taxes and wages 1%Other 4%
Of this, €245,376 falls due within a year.
Liquidity
16.72 was 6.14 in 2024
Short-term debts fell from €689,647 to €245,376.
Filings
21 annual accounts since 2004
The last five annual accounts were filed 43 to 51 days before the end of the period.
Position in the sector
€332,563
Higher net result than 95% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
96
Excellent
Financially stronger than 72% of small companies in real estate (NACE 68)
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: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%highest value
01-2025: < 0.1%▼ -0.2 percentage points vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: 0.1%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €4.1m
Figures for financial year 2025 (filed on 21-12-2025)
Founded in 2003
Sector: Real estate activities (NACE 68)
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 68, small). It does better than 46% of them on solvency, 86% on liquidity, 67% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
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, 2,613 companies had the same profile as BW CONSTRUCT has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of BW CONSTRUCT 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 2,613 companies, not a prediction for BW CONSTRUCT. 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 €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.72 (6.14 in 2024), above the usual 1.5. Short-term debt is 6% and cash 7.2% of total assets. However, 73.6% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
43 days early
2023
50 days early
2022
48 days early
2020
51 days early
2019
24 days early
2018
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 15 December (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0862672567
1 manager resigning, 1 director reappointed
Resignation: VERVAET B. (manager) · Reappointment: VERVAET B. (director) · Permanent representative: VERVAET Herbert Urbain Gaby · General meeting of 16-09-2021 · Gazette deed
Registered office moved from Blankenberge to Halle
New registered office: Louizalaan 22 te 1501 Halle · Previous registered office: Frans Regoudthelling 6/701 te 8370 Blankenberge · Resignation: Herbert Vervaet (director) · General meeting of 14-08-2020 · Gazette deed
Incorporation
published on 23-06-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BW CONSTRUCT Halle | €4.1m | €607,594 | 26.4% | - |
| DGL Meise | €4.2m | €676,464 | 21.6% | - |
| IMMO B & H Ixelles | €3.9m | €738,820 | 24.6% | - |
| CREATIVE EATERY Antwerp | €4.6m | €666,718 | 78.9% | - |
| Prologis Belgium Management Antwerp | €3.6m | €690,937 | 31.3% | 2.6 |
| Kuang Group Lasne | €4.5m | €467,101 | 63.2% | - |
| HUNALIX Ninove | €4.3m | €631,257 | 82.3% | - |
These companies have the same main activity as BW CONSTRUCT: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €3.6m and €4.6m, founded between 2000 and 2003.
Official details
Source: KBO- Status
- Active since 13-06-2003Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Establishment unit
- 2.134.661.6771501 Halle, since 03-06-2003
- Financial year end
- 30 June
- Peppol
- Reachable since 24-11-2023
Annual accounts to 30-06-2025
- €607,594▲ 31.4%
- €332,563▲ 40.4%
- €1.1m▲ 44.1%
- €4.1m▼ 3.2%
- Filing
- Filed on 16-12-2025, 46 days before the end of the filing period
Insights on BW CONSTRUCT
BW CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €58,910 in 2007 to €607,594 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 16-12-2025, 46 days before the deadline€607,594
▲ 31.4%
€605,810
▲ 31.8%
€607,519
▲ 31.8%
€334,272
▲ 40.3%
26.4%
▲ 8.6 percentage points
16.72
▲ 10.58
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €800,000 and €1.8m.
In the rankings
#7 company by total assets in Halle, Real estate sector
Money flows
no detail for 2025Balance sheet
balance sheet total €4.1m on 30-06-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
26.4%
Higher than 48% of 17,190 companies in 2025.
16.72
Higher than 95% of 16,487 companies in 2025.
8.1%
Higher than 72% of 16,866 companies in 2025.
BW CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
4.1m | 4.3m | 2.9m | 2.1m | 1.5m | 1.2m | 186,726 | 576,883 | 1.8m | 2.9m | 1.5m | 1.1m | 1.2m | 1.1m | 1.9m | 1.6m | 1.3m | 1.5m | |
21/28 |
18,851 | 19,511 | 17,625 | 18,125 | 19,000 | 19,500 | 20,000 | 20,000 | 20,000 | 257,690 | 932,498 | 928,002 | 1.0m | 997,722 | 747,115 | 879,615 | 1.0m | 500,087 | |
22/27 |
18,851 | 19,511 | 17,625 | 18,125 | 19,000 | 19,500 | 20,000 | 20,000 | 20,000 | 257,690 | 932,498 | 928,002 | 1.0m | 997,722 | 747,115 | 879,615 | 1.0m | 500,087 | |
22 |
16,625 | 17,125 | 17,625 | 18,125 | 19,000 | 19,500 | 20,000 | 20,000 | 20,000 | 257,690 | 932,498 | 928,002 | 1.0m | 997,722 | 747,115 | 879,615 | 1.0m | 500,087 | |
23 |
1,302 | 2,386 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
923 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
4.1m | 4.2m | 2.9m | 2.1m | 1.5m | 1.2m | 166,726 | 556,883 | 1.8m | 2.6m | 582,491 | 152,669 | 175,339 | 73,446 | 1.2m | 729,411 | 275,637 | 1.0m | |
29 |
32,112 | - | 140,441 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
32,112 | - | 140,441 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
3.7m | 4.0m | 2.7m | 1.8m | 1.5m | 1.0m | - | 156,587 | 1.1m | 1.9m | 380,392 | 17,400 | 86,103 | 11,706 | 929,663 | 682,780 | 244,488 | 838,629 | |
30/36 |
3.7m | 4.0m | 2.7m | 1.8m | 1.5m | 1.0m | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 156,587 | 1.1m | 1.9m | 380,392 | 17,400 | 86,103 | 11,706 | 929,663 | 682,780 | 244,488 | 838,629 | |
40/41 |
96,788 | 163,117 | 311 | 150,118 | 43,956 | 78,864 | 32,656 | 288,060 | 114,303 | 400,506 | 86,271 | 31,824 | 41,375 | 30,947 | 235,751 | 46,134 | 31,045 | 139,651 | |
40 |
96,788 | 148,939 | - | - | 8,473 | 24,648 | 18,150 | 24,496 | 84,535 | 366,669 | 39,202 | 27,864 | 27,864 | 18,881 | 224,464 | 24,682 | 24,317 | 123,157 | |
41 |
- | 14,177 | 311 | 150,118 | 35,483 | 54,216 | 14,506 | 263,563 | 29,768 | 33,837 | 47,070 | 3,960 | 13,511 | 12,066 | 11,288 | 21,452 | 6,728 | 16,494 | |
54/58 |
295,410 | 75,241 | 37,356 | 87,800 | 2,553 | 63,260 | 134,071 | 112,236 | 542,226 | 310,691 | 115,828 | 103,445 | 47,862 | 30,793 | 30,336 | 496 | 104 | 29,052 | |
490/1 |
13,751 | 14,643 | - | 12,891 | - | - | - | - | 191 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
4.1m | 4.3m | 2.9m | 2.1m | 1.5m | 1.2m | 186,726 | 576,883 | 1.8m | 2.9m | 1.5m | 1.1m | 1.2m | 1.1m | 1.9m | 1.6m | 1.3m | 1.5m | |
10/15 |
1.1m | 753,363 | 516,460 | 571,245 | 122,879 | 151,210 | 121,942 | 200,276 | 192,812 | 126,729 | 34,096 | 29,746 | 35,016 | 36,666 | 14,456 | 16,558 | 10,885 | -81,968 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
1.0m | 716,395 | 479,492 | 479,492 | 31,127 | 31,127 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | |
130/1 |
- | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | |
1311 |
- | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1.0m | 716,395 | 479,492 | 479,492 | 29,267 | 29,267 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
30,771 | 30,771 | 30,771 | 85,555 | 85,555 | 113,886 | 113,886 | 192,220 | 184,756 | 118,673 | 26,040 | 21,690 | 26,960 | 28,610 | 8,259 | 10,361 | 4,688 | -88,165 | |
17/49 |
3.0m | 3.5m | 2.4m | 1.5m | 1.4m | 1.1m | 64,784 | 376,607 | 1.6m | 2.8m | 1.5m | 1.1m | 1.2m | 1.0m | 1.9m | 1.6m | 1.3m | 1.6m | |
17 |
2.8m | 2.8m | 1.8m | 1.2m | 1.4m | 993,000 | - | 2,500 | 2,500 | 2,500 | 122,500 | 122,500 | 247,500 | 205,000 | 1.1m | 649,000 | 786,473 | 1.4m | |
170/4 |
2.8m | 2.8m | 1.8m | 1.2m | 1.4m | 993,000 | - | 2,500 | 2,500 | 2,500 | 122,500 | 122,500 | 247,500 | 205,000 | 1.1m | 649,000 | 786,473 | 1.4m | |
42/48 |
245,376 | 689,647 | 608,251 | 283,697 | 49,212 | 59,585 | 64,784 | 374,107 | 1.6m | 2.8m | 1.4m | 928,424 | 927,859 | 829,501 | 793,409 | 943,468 | 494,430 | 216,886 | |
42 |
88,002 | - | - | - | - | - | - | - | 562,000 | 1.9m | - | - | - | - | - | 254,500 | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | 71 | - | 351 | - | - | - | 1,595 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 71 | - | 351 | - | - | - | 1,595 | - | |
44 |
119,420 | 611,914 | 548,554 | 179,212 | 35,543 | 46,057 | 1,816 | 2,422 | 383,981 | 488,430 | 265,111 | 58,462 | 89,298 | 329,850 | 294,886 | 219,068 | 24,934 | 122,436 | |
440/4 |
119,420 | 611,914 | 548,554 | 179,212 | 35,543 | 46,057 | 1,816 | 2,422 | 383,981 | 488,430 | 265,111 | 58,462 | 89,298 | 329,850 | 294,886 | 219,068 | 24,934 | 122,436 | |
46 |
- | 1,452 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
17,955 | 53,723 | 39,075 | 104,168 | 11,049 | 11,049 | 18,890 | 2,224 | 69,590 | 46,130 | - | 31,752 | - | - | 623 | - | - | - | |
450/3 |
17,955 | 53,723 | 39,075 | 104,168 | 11,049 | 11,049 | 18,890 | 2,224 | 69,590 | 46,130 | - | 31,752 | - | - | 623 | - | - | - | |
47/48 |
20,000 | 22,559 | 20,623 | 317 | 2,621 | 2,479 | 44,078 | 369,460 | 564,565 | 382,595 | 1.1m | 838,211 | 838,211 | 499,651 | 497,900 | 469,901 | 467,901 | 94,450 | |
492/3 |
6,076 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.2m | 841,268 | |
76A |
- | - | - | 1,235 | - | - | - | - | 1,125 | 232,014 | - | 18,981 | - | - | 51,000 | 144,814 | 39,814 | - | |
9900 |
607,594 | 462,561 | -10,622 | 684,878 | -6,768 | 88,987 | -1,882 | 16,583 | 293,462 | -2,764 | 15,930 | -9,818 | 28,577 | 48,021 | -13,007 | -69,306 | 129,105 | 58,910 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.1m | 782,358 | |
62 |
- | - | - | - | - | - | 868 | 868 | 868 | 868 | 868 | 868 | 868 | 853 | 853 | 853 | 348 | 348 | |
630 |
1,709 | 1,364 | 500 | 875 | 500 | 500 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
76 | 1,481 | 57 | 1,682 | 414 | 11,011 | 90 | 157 | 256 | 127 | 874 | 127 | 1,562 | 559 | 166 | - | 8,400 | 930 | |
66A |
- | - | - | - | - | 28,778 | 12,111 | - | 34,375 | 70,945 | - | - | - | - | - | - | - | - | |
9901 |
605,810 | 459,715 | -11,179 | 682,321 | -7,682 | 48,699 | -14,952 | 15,558 | 292,338 | -3,759 | 14,188 | -10,813 | 26,147 | 46,610 | -14,026 | -70,159 | 120,358 | 57,632 | |
75/76B |
11,399 | - | 481 | 7,243 | - | 2,393 | - | 1,894 | 1,744 | 11 | 35 | 100 | 187 | 58 | 311 | 275 | 75 | 190 | |
75 |
11,399 | - | 481 | 7,243 | - | 2,393 | - | 1,894 | 619 | 11 | 35 | 100 | 187 | 58 | 311 | 275 | 75 | 190 | |
76B |
- | - | - | - | - | - | - | - | 1,125 | - | - | - | - | - | - | - | - | - | |
65/66B |
127,641 | 129,090 | 45,586 | 37,031 | 20,648 | 10,775 | 415 | 7,764 | 92,973 | 16,363 | 9,886 | 11,938 | 20,281 | 24,457 | 34,743 | 63,724 | 67,423 | 8,632 | |
65 |
127,641 | 129,090 | 45,586 | 37,031 | 20,648 | 10,775 | 415 | 7,764 | 58,598 | 16,363 | 9,886 | 11,938 | 20,281 | 24,457 | 34,743 | 63,724 | 67,423 | 8,632 | |
66B |
- | - | - | - | - | - | - | - | 34,375 | - | - | - | - | - | - | - | - | - | |
9903 |
489,568 | 330,625 | -56,284 | 652,533 | -28,330 | 40,316 | -15,367 | 9,688 | 201,110 | 140,958 | 4,337 | -3,670 | 6,053 | 22,211 | 2,541 | 11,206 | 92,825 | 49,190 | |
67/77 |
157,005 | 93,723 | -1,500 | 204,168 | - | 11,049 | - | 2,224 | 69,591 | 48,325 | -14 | 1,601 | 7,703 | -0 | 4,644 | 5,534 | -29 | 15 | |
9904 |
332,563 | 236,903 | -54,784 | 448,365 | -28,330 | 29,267 | -15,367 | 7,464 | 131,519 | 92,633 | 4,350 | -5,271 | -1,650 | 22,211 | -2,102 | 5,673 | 92,853 | 49,175 | |
9905 |
332,563 | 236,903 | -54,784 | 448,365 | -28,330 | 29,267 | -15,367 | 7,464 | 131,519 | 92,633 | 4,350 | -5,271 | -1,650 | 22,211 | -2,102 | 5,673 | 92,853 | 49,175 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
363,334 | 267,674 | 30,771 | 533,921 | 85,555 | 143,153 | 176,853 | 192,220 | 184,756 | 118,673 | 26,040 | 21,690 | 26,960 | 30,469 | 8,259 | 10,361 | 4,688 | -88,165 | |
14P |
30,771 | 30,771 | 85,555 | 85,555 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
332,563 | 236,903 | - | 448,365 | - | 29,267 | - | - | - | - | - | - | - | 1,859 | - | - | - | - | |
6920 |
- | - | - | 448,365 | - | - | - | - | - | - | - | - | - | 1,859 | - | - | - | - | |
6921 |
332,563 | 236,903 | - | - | - | 29,267 | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | 62,968 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 62,968 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 3 older financial years (2004-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 16-12-2025 | 2025-00586757 | |
| 30-06-2024 | micro format | 19-12-2024 | 2024-00620985 | |
| 30-06-2023 | micro format | 12-12-2023 | 2023-00526716 | |
| 30-06-2022 | micro format | 14-12-2022 | 2022-20538196 | |
| 30-09-2020 | micro format | 10-03-2021 | 2021-07300392 | |
| 30-09-2019 | micro format | 06-04-2020 | 2020-08800035 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11400247 | |
| 30-09-2017 | abbreviated format | 23-04-2018 | 2018-10500083 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10800272 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08600514 | |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-08900520 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11200213 | |
| 30-09-2012 | abbreviated format | 13-05-2013 | 2013-11800279 | |
| 30-09-2011 | abbreviated format | 11-06-2012 | 2012-17200242 | |
| 30-09-2010 | abbreviated format | 11-05-2011 | 2011-11200032 | |
| 30-09-2009 | abbreviated format | 31-05-2010 | 2010-14200052 | |
| 30-09-2008 | abbreviated format | 30-04-2009 | 2009-12700193 | |
| 30-09-2007 | abbreviated format | 29-04-2008 | 2008-12700169 | |
| 30-09-2006 | abbreviated format | 29-03-2007 | 2007-09702119 | |
| 30-09-2005 | abbreviated format | 03-04-2006 | 2006-09503465 | |
| 30-09-2004 | abbreviated format | 06-04-2005 | 2005-10805025 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 607,519 | 461,080 | -10,679 | 683,196 | -7,182 | 49,199 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 334,272 | 238,267 | -54,284 | 449,240 | -27,830 | 29,767 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 1,049 | 3,250 | 0 | - | 0 | 0 | - | - | - | - | 4,497 | - | 37,315 | 250,606 | - | - | 626,250 | - | ||
| 220,169 | 37,884 | -50,443 | - | -60,707 | -70,810 | 21,834 | -429,989 | 231,535 | 194,863 | 12,382 | 55,583 | 17,069 | 457 | 29,840 | 393 | -28,948 | - | ||
| 3.9m | 3.5m | 2.3m | 1.8m | 1.5m | 1.1m | 101,942 | 182,776 | 175,312 | -128,461 | -775,902 | -775,755 | -752,520 | -756,055 | 402,341 | -214,057 | -218,793 | 790,446 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.7% | 6.9% | ||
| 26.4% | 17.7% | 17.6% | 27.4% | 8.0% | 12.6% | 65.3% | 34.7% | 10.9% | 4.4% | 2.3% | 2.8% | 2.9% | 3.4% | 0.7% | 1.0% | 0.8% | -5.4% | ||
| 16.72 | 6.14 | 4.80 | 7.30 | 30.75 | 19.88 | 2.57 | 1.49 | 1.11 | 0.95 | 0.43 | 0.16 | 0.19 | 0.09 | 1.51 | 0.77 | 0.56 | 4.64 | ||
| 1.79 | 0.37 | 0.29 | 0.88 | 0.95 | 2.39 | 2.57 | 1.07 | 0.42 | 0.26 | 0.15 | 0.15 | 0.10 | 0.07 | 0.34 | 0.05 | 0.06 | 0.78 | ||
| 2.80 | 4.65 | 4.68 | 2.66 | 11.47 | 6.96 | 0.53 | 1.88 | 8.21 | 21.91 | 43.43 | 35.33 | 33.57 | 28.21 | - | 96.18 | - | - | ||
| 30.6% | 31.4% | -10.6% | 78.5% | -23.1% | 19.4% | -12.6% | 3.7% | 68.2% | 73.1% | 12.8% | -17.7% | -4.7% | 60.6% | -14.5% | 34.3% | 853.0% | - | ||
| 8.1% | 5.6% | -1.9% | 21.5% | -1.8% | 2.4% | -8.2% | 1.3% | 7.4% | 3.2% | 0.3% | -0.5% | -0.1% | 2.1% | -0.1% | 0.4% | 7.2% | 3.3% | ||
| 4.76 | 3.57 | -0.23 | 18.45 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7 days | 53 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8 days | 57 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,049 | €3,250 | - | - |
| €1,709 | €1,364 | €500 | €875 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on BW CONSTRUCT
The operating result for 2025 is 32% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 82.3% to 73.6%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, last change in 2021VERVAET B. BV
Director (not named in the articles), permanent representative VERVAET Herbert Urbain Gaby
appointed by deed of 14-09-2020
term without a fixed end
earlier manager, until 27-09-2021
listed in the 2025 annual accounts, filed on 16-12-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 27-09-2021
Permanent representatives 1
Permanent representative, for VERVAET B.
appointed by deed of 14-09-2020
Mandates through the years
2 names, the dashed line is todayVERVAET B.
Director (not named in the articles)
Director (not named in the articles)
Herbert Vervaet
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- VERVAET B.
- Director, appointed by deed of 14-09-2020, until 27-09-2021
- Director (not named in the articles), since before 27-09-2021
- Herbert Vervaet
- Director, until 14-08-2020
Control
Capital
- Contribution
- €6,197.34
- Source
- 2025 annual accounts
Articles of association
deed of 27-09-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, kunnen hoedanigheid van statutair bestuurder hebben indien benoemd in statuten”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten voor helft ten laste overdrager en andere helft ten laste koper(s) naar evenredigheid verworven aantal…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of December at 10:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, om welke reden en op welk ogenblik ook”
Network & group
No group
BW CONSTRUCT has no parent and no holdings in its annual accounts. VERVAET B. is the only director.
At the same address
Louizalaan 22, 1501 Halle · 2 other companies| VERVAET B.
registered office since 14-03-1996 · founded in 1996 |
total assets €1.6m (2025) 0457.219.594 |
| WALL RENOVATION
registered office since 26-05-2006 · founded in 2006 |
total assets €69,771 (2025) 0881.537.681 |
Connections & network
1 current directorThe network lets you explore the ties of BW CONSTRUCT.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
39 events since 2003Board
Filings
Financial
Establishments
Address
200420062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2025
Annual accounts 2025 filed PDFmicro format · 46 days before the deadline
Liquidity more than doubled current ratio 16.72 The current ratio rises from 6.14 to 16.72. Short-term debt falls from €689,647 to €245,376.
Equity above €1m equity €1.1m ▲44.1% After 2 profitable years in a row, equity reaches €1.1m.
2024
Annual accounts 2024 filed PDFmicro format · 43 days before the deadline
Back to profit net €236,903 The net result is €236,903, after one loss-making year.
2023
Annual accounts 2023 filed PDFmicro format · 50 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0862672567
Weakest financial year net -€54,784 The net result drops to -€54,784, the lowest from 2007 to 2025. It recovers the following year.
2022
Annual accounts 2022 filed PDFmicro format · 48 days before the deadline
Back to profit net €448,365 The net result is €448,365, after one loss-making year.
Equity above €500,000 equity €571,245 ▲365% Equity rises from €122,879 to €571,245.
2021
1 manager resigning, 1 director reappointedResignation: VERVAET B. (manager) · Reappointment: VERVAET B. (director) · Permanent representative: VERVAET Herbert Urbain Gaby · General meeting of 16-09-20217 points ▸
- Director resignation, VERVAET B. (manager)
- Director reappointment, VERVAET B. (director (not named in the articles))
- Permanent representative, VERVAET Herbert Urbain Gaby
- Director discharge, VERVAET B.
- Registered office clause, Louizalaan 22, 1501 Halle
- General meeting, 16-09-2021
- 186 shares
- The deed holds 5 more points.
Annual accounts 2020 filed PDFmicro format · 51 days before the deadline
2020
Registered office moved from Blankenberge to HalleNew registered office: Louizalaan 22 te 1501 Halle · Previous registered office: Frans Regoudthelling 6/701 te 8370 Blankenberge · Resignation: Herbert Vervaet (director) · General meeting of 14-08-20207 points ▸
- General meeting, 02-03-2020
- Registered-office move, Louizalaan 22 te 1501 Halle
- General meeting, 14-08-2020
- Director resignation, Herbert Vervaet
- Director discharge, Herbert Vervaet
- Director appointment, Vervaet B. BV
- Permanent representative, Herbert Vervaet
- The deed holds 1 more point.
Annual accounts 2019 filed PDFmicro format · 24 days before the deadline
2019
Back to profit net €29,267 The net result is €29,267, after one loss-making year.
Liquidity more than 7 times current ratio 19.88 The current ratio rises from 2.57 to 19.88. Short-term debt falls from €64,784 to €59,585.
Annual accounts 2018 filed PDFabbreviated format · 1 day before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 7 days before the deadline
2017
Equity above €200,000 equity €200,276 ▲3.9% After 4 profitable years in a row, equity reaches €200,276.
Annual accounts 2016 filed PDFabbreviated format · 3 days before the deadline
2016
Equity above €150,000 equity €192,812 ▲52.1% After 3 profitable years in a row, equity reaches €192,812.
Annual accounts 2015 filed PDFabbreviated format · 30 days before the deadline
2015
Equity above €100,000 equity €126,729 ▲272% After 2 profitable years in a row, equity reaches €126,729.
Annual accounts 2014 filed PDFabbreviated format · 30 days before the deadline
2014
Back to profit net €4,350 The net result is €4,350, after 2 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Annual accounts 2012 filed PDFabbreviated format · 13 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 42 days late
2011
Back to profit net €22,211 The net result is €22,211, after one loss-making year.
Annual accounts 2010 filed PDFabbreviated format · 11 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 31 days late
2009
Annual accounts 2008 filed PDFabbreviated format · on the deadline day
2008
Annual accounts 2007 filed PDFabbreviated format · 1 day before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 32 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0862.672.567
- VAT number
- BE 0862.672.567
- Peppol ID
- 0208:0862672567
- Other Peppol ID
- 9925:BE0862672567
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-06-2003
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of December at 10:00deed of 27-09-2021 (in Dutch)
- Peppol
- Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BW CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-09-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 27-09-2021 (in Dutch)
Activities
NACEBEL 202568110
Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100
Real estate activities main activity
41101
Real estate development
68203
Real estate rental
Codes under NACEBEL 2003
70120
main activity
70111
70203
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Bouwen en laten bouwen van onroerende goederen; Verhuren, verkopen en / of in bezit houden van deze onroerende goederen; Optreden als…”deed of 27-09-2021 (in Dutch)
4 activities
- Bouwen en laten bouwen van onroerende goederen
- Verhuren, verkopen en / of in bezit houden van deze onroerende goederen
- Optreden als projectontwikkelaar (zonder immo vergunning)
- Optreden als coördinator op bouwwerken enkel met geregistreerde aannemers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 22 registered office 1501 Halle 6812102 Development of residential building projects | 03-06-2003 | 2.134.661.677 |
1 former office
- Frans Regoudthelling 6/701, 8370 Blankenberge until the deed of 14-09-2020
Buildings and parcels at the address
- Ground area
- 494 m²
- Buildings
- 155 m²
- Volume, LiDAR
- 616 m³
- Tallest building
- 6.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23013A0154/00M004 | 494 m² | 1 · 155 m² | 6.0 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0862.672.567