Result
-€1,234 ▲ 98.3%
The result rose in 2025 from -€72,500 to -€1,234.
BWare
Lifetime
15 annual accounts with figures on one time axispeak €187,299 (2023)
€39,368▲ €48,877
lowest -€72,500 (2024)
-€1,234▲ €71,266
peak €664,612 (2023)
€590,877▼ 0.2%
€172,469▼ 16.4%
Board2 names since 2010
1 directorRuth De Baere
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from -€9,509 to €39,368Loss of €1,234Debts from €206,377 to €172,469Cash from €2,761 to €3,643
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 46% of micro companies in head offices and management consultancy (NACE 70)
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 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
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: 0.4%▲ +0.4 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026highest value
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.3 percentage points 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
raises risk
Liquidity: current ratio 0.05, cash €3,643
lowers risk
Size: total assets €763,346
Figures for financial year 2025 (filed on 16-06-2026)
Equity €590,877 (77.4% 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 70, micro). It does better than 86% of them on solvency, 28% on liquidity, 31% on profitability and 38% 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, 2,686 companies had the same profile as BWare has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BWare itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,686 companies, not a prediction for BWare. 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 €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.05 (0.04 in 2024), below 1. Short-term debt is 15.2% and cash 0.5% of total assets. 22.6% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,234
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
37 days early
2023
44 days early
2022
34 days early
2021
34 days early
2020
30 days early
2019
29 days 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 36 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0830353454
Appointment: Ruth De Baere (director)
General meeting of 27-08-2024 · Gazette deed
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Resignation: KONINCKX Robert (director) · Reappointment: KONINCKX Robert (director) · “Alle handelingen en verrichtingen voltrekken die rechtstreeks of onrechtstreeks verband houden met haar…” (deed in Dutch) · General meeting of 05-10-2023 · Gazette deed
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos, Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Leuven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BWare Leuven | €763,346 | €39,368 | 77.4% | - |
| HENMAN Keerbergen | €730,194 | €42,309 | 73.9% | 0 |
| F.W. Consult Affligem | €841,826 | €40,968 | -9.8% | - |
| RODE VENTURES Huldenberg | €687,940 | €34,476 | 22.4% | - |
| NoTiMan Rotselaar | €621,417 | €42,085 | 96.8% | - |
| C & K CONSULTING Zaventem | €796,400 | €32,867 | 20.0% | - |
| HERMA Bertem | €806,886 | €36,311 | 92.1% | - |
These companies have the same main activity as BWare: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €621,000 and €842,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 08-10-2010Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.193.606.9933000 Leuven, since 08-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Annual accounts 2025
- €763,346▼ 4.4%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on BWare
BWare files the abbreviated format. That format states no turnover. The gross margin fell from €56,377 in 2011 to €39,368 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets, financed with long-term debt.
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 BWare
- What is the company number of BWare?
- The company number of BWare is 0830.353.454. The VAT number is the same number with BE in front: BE 0830.353.454.
- Where is BWare based?
- The registered office is at Diestsevest 21, 3000 Leuven.Company details
- What does BWare do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BWare?
- BWare is a private limited company (BV).
- When was BWare founded?
- BWare was founded on 08-10-2010.
- Is BWare still active?
- Yes, BWare is an active enterprise in the KBO register.
- What is the turnover of BWare?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €39,368 and 69 comparable companies (NACE 70200). It probably lies between €63,000 and €150,000.Financials
- Is BWare profitable?
- In financial year 2025, BWare made a loss of €1,234.
- Where can I find the annual accounts of BWare?
- BWare filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BWare due?
- BWare must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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