BWGL
ActiveSummary
BWGL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €22k. Equity is shrinking by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency30▲+3
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
4.5%
Return on assets
37%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 12%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
12 d early
2022
29 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 36.7%
2024 · €4k
2021: €40k
2022: €68k▲ +69.2% vs 2021
2023: €96k▲ +41.1% vs 2022highest in 5 years
2024: €4k▼ -95.5% vs 2023
2025: €3k▼ -36.7% vs 2024lowest in 5 years
2021 → 2025
Total assets
€61k▼ 71.1%
2024 · €210k
2021: €76k
2022: €122k▲ +61.0% vs 2021
2023: €160k▲ +31.1% vs 2022
2024: €210k▲ +30.8% vs 2023highest in 5 years
2025: €61k▼ -71.1% vs 2024lowest in 5 years
2021 → 2025
Net result
€22k▼ 54.0%
2024 · €49k
2021: €38k
2022: €29k▼ -25.6% vs 2021
2023: €29k▲ +0.5% vs 2022
2024: €49k▲ +69.9% vs 2023highest in 5 years
2025: €22k▼ -54.0% vs 2024lowest in 5 years
2021 → 2025
Working capital
€-3k
2024 · €2k
2021: €39k
2022: €66k▲ +66.7% vs 2021
2023: €95k▲ +44.6% vs 2022highest in 5 years
2024: €2k▼ -97.4% vs 2023
2025: €-3k▼ -241% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€68k▲ 69.2%€96k▲ 41.1%€4k▼ 95.5%€3k▼ 36.7%
2021: €40k
2022: €68k▲ +69.2% vs 2021
2023: €96k▲ +41.1% vs 2022highest in 5 years
2024: €4k▼ -95.5% vs 2023
2025: €3k▼ -36.7% vs 2024lowest in 5 years
Operating result€52k-€37k▼ 28.0%€38k▲ 2.8%€65k▲ 68.1%€29k▼ 54.5%
2021: €52k
2022: €37k▼ -28.0% vs 2021
2023: €38k▲ +2.8% vs 2022
2024: €65k▲ +68.1% vs 2023highest in 5 years
2025: €29k▼ -54.5% vs 2024lowest in 5 years
Net result€38k-€29k▼ 25.6%€29k▲ 0.5%€49k▲ 69.9%€22k▼ 54.0%
2021: €38k
2022: €29k▼ -25.6% vs 2021
2023: €29k▲ +0.5% vs 2022
2024: €49k▲ +69.9% vs 2023highest in 5 years
2025: €22k▼ -54.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€6k ▲ 231%
Current assets
€54k ▼ 73.8%
Equity and liabilities €61k
Equity
€3k ▼ 36.7%
Debt
€58k ▼ 71.8%
Debt's share of the balance-sheet total falls from 97.9% to 95.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €65k
Cash flow
€23k▼
2024 · €49k
Current ratio
0.94▼
2024 · 1.01
Debt to equity
21.22▼
2024 · 47.67
ROE
821.6%
ROA
37.0%▲
2024 · 23.2%
Interest coverage
59.10▲
2024 · 23.49
Debt ≤ 1 year
€58k▼
2024 · €206k
Income taxes
€6k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€210k€61k▼
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Furniture and vehicles24€2k€6k▲
Financial fixed assets28€363€363=
Current assets29/58€208k€54k▼
Amounts receivable within one year40/41€47k€36k▼
Trade receivables40€38k€16k▼
Other amounts receivable41€9k€20k▲
Cash at bank and in hand54/58€159k€17k▼
Deferred charges and accrued income490/1€2k€997▼
Equity and liabilities
Total equity and liabilities10/49€210k€61k▼
Equity10/15€4k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€2k€228▼
Amounts payable17/49€206k€58k▼
Amounts payable within one year42/48€206k€58k▼
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€11k€8k▼
Other amounts payable47/48€176k€43k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€734€833▲
Other operating charges640/8€726€485▼
Gross operating margin9900€66k€31k▼
Operating profit (loss)9901€65k€29k▼
Financial charges65/66B€3k€512▼
Recurring financial charges65€3k€512▼
Profit (loss) for the period before taxes9903€62k€29k▼
Income taxes67/77€13k€6k▼
Profit (loss) for the period9904€49k€22k▼
Profit (loss) for the period to be appropriated9905€49k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€142k€24k▼
Profit (loss) brought forward from the previous period14P€93k€2k▼
Profit to be distributed694/7€140k€24k▼
Return on contributions (dividend)694€140k€24k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €154 | €640 | €734 | €833 | ▲ 13.5% |
| Other operating charges640/8 | €99 | €919 | €446 | €726 | €485 | ▼ 33.1% |
| Gross operating margin9900 | €53k | €38k | €40k | €66k | €31k | ▼ 53.5% |
| Operating profit (loss)9901 | €52k | €37k | €38k | €65k | €29k | ▼ 54.5% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €157 | €823 | €2k | €3k | €512 | ▼ 81.6% |
| Recurring financial charges65 | €157 | €823 | €2k | €3k | €512 | ▼ 81.6% |
| Profit (loss) for the period before taxes9903 | €52k | €37k | €37k | €62k | €29k | ▼ 53.3% |
| Income taxes67/77 | €13k | €8k | €8k | €13k | €6k | ▼ 50.6% |
| Profit (loss) for the period9904 | €38k | €29k | €29k | €49k | €22k | ▼ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €38k | €29k | €29k | €49k | €22k | ▼ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76k | €122k | €160k | €210k | €61k | ▼ 71.1% |
| Fixed assets21/28 | €616 | €2k | €3k | €2k | €6k | ▲ 231% |
| Tangible fixed assets22/27 | €253 | €2k | €2k | €2k | €6k | ▲ 287% |
| Furniture and vehicles24 | €253 | €2k | €2k | €2k | €6k | ▲ 287% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €75k | €120k | €158k | €208k | €54k | ▼ 73.8% |
| Amounts receivable within one year40/41 | €52k | €63k | €31k | €47k | €36k | ▼ 22.2% |
| Trade receivables40 | €52k | €56k | €17k | €38k | €16k | ▼ 57.9% |
| Other amounts receivable41 | - | €7k | €14k | €9k | €20k | ▲ 128% |
| Cash at bank and in hand54/58 | €23k | €51k | €125k | €159k | €17k | ▼ 89.2% |
| Deferred charges and accrued income490/1 | €297 | €6k | €2k | €2k | €997 | ▼ 56.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76k | €122k | €160k | €210k | €61k | ▼ 71.1% |
| Equity10/15 | €40k | €68k | €96k | €4k | €3k | ▼ 36.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €38k | €65k | €93k | €2k | €228 | ▼ 87.4% |
| Amounts payable17/49 | €36k | €55k | €65k | €206k | €58k | ▼ 71.8% |
| Amounts payable within one year42/48 | €36k | €55k | €63k | €206k | €58k | ▼ 71.8% |
| Trade debts44 | €8k | €12k | €26k | €18k | €6k | ▼ 65.4% |
| Suppliers440/4 | €8k | €12k | €26k | €18k | €6k | ▼ 65.4% |
| Taxes, remuneration and social security45 | €22k | €20k | €6k | €11k | €8k | ▼ 23.8% |
| Taxes450/3 | €22k | €20k | €6k | €11k | €8k | ▼ 23.8% |
| Other amounts payable47/48 | €5k | €22k | €31k | €176k | €43k | ▼ 75.4% |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €29k | €29k | €49k | €22k | ▼ 54.0% |
| + Depreciation and write-downs630 | €1k | €154 | €640 | €734 | €833 | ▲ 13.5% |
| Operating cash flow (approximation) | €40k | €29k | €29k | €49k | €23k | ▼ 53.0% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €0 | €-5k | - |
| Change in cash | - | €28k | €74k | €34k | €-142k | ▼ 518% |
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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €22k ▼54%
Net result drops to €22k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €49k ▲69.9%
Operating result €65k, net result €49k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 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, Brussel · 1 establishment unit since 2021
Ground area
451 m²
Building footprint
483 m²
Volume, LiDAR
9,367 m³
Parcel 21812N1362/00N000, Brussels · tallest building 29.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
BWGL
since 20212.325.243.121
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1362/00N000 | Brussels | 451 m² | 1 · 483 m² | 29.1 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,319. 1,429 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
Founded10-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
70200Business and other management consultancy
71113Urban planning and landscape architecture
Contact
E-mail
bwolff9@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.