Skip to content

BWT BELGIUM

Active
Public limited companyfounded 196462 yrs activeLeuvensesteenweg 633, 1930 Zaventem, BelgiumKBO/BCE: BE 0402.940.374
Summary

The computed 12-month bankruptcy probability of BWT BELGIUM is 2.3% (moderate). The 2024 annual accounts show negative equity (-€978,372) and a net result of -€1.0m. Equity is shrinking by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 63 sector peers (fiscal year 2024). The company has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
BWT BELGIUMActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Water collection, treatment and supply
NACE 36000NACE 41000Wholesale of other machinery and equipment NACE 46649
#1 oldest company in Flemish Brabant, Water and waste sector2 sites
Size
€13.5mturnover 2024
Staff
59 FTE
Equity
-€978,372
Loss
-€1.0m
Financial health
50 Fair Checked score 2024
Bankruptcy chance 12 m
2.3%
Structure
Parent
BWT Holding GmbH
Accounts 65 d overdue0 of 13 deeds read
Why 50- Loss of €1.0m, the second in a row (FY 2024)- 1 financial year not filed after the legal deadline; latest accounts 400 days late; 3 of the last 3 late- Negative equity -€978,372+ Founded in 1964Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (all companies)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 11-15
equity -14.1% of total assets
Liquidity 19+11
short-term debt 112.8% · cash 15.2%
Profitability 6=
return on assets -14.6%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (5 companies)
Last 24 months 11-2024: 4.3% 12-2024: 4.6%▲ +6.1% vs 11-2024 01-2025: 5.9%▲ +27.9% vs 12-2024 02-2025: 5.9%● 0.0% vs 01-2025 03-2025: 3.2%▼ -45.8% vs 02-2025 04-2025: 3.2%● 0.0% vs 03-2025 05-2025: 3.2%● 0.0% vs 04-2025 06-2025: 3.2%▲ +2.2% vs 05-2025 07-2025: 3.4%▲ +5.9% vs 06-2025 08-2025: 3.7%▲ +8.6% vs 07-2025 09-2025: 3.8%▲ +0.5% vs 08-2025 10-2025: 4.2%▲ +11.1% vs 09-2025 11-2025: 4.2%▲ +1.2% vs 10-2025 12-2025: 4.7%▲ +12.6% vs 11-2025 01-2026: 5.6%▲ +18.1% vs 12-2025 02-2026: 5.6%● 0.0% vs 01-2026 03-2026: 5.6%● 0.0% vs 02-2026 04-2026: 5.1%▼ -9.5% vs 03-2026 05-2026: 5.1%● 0.0% vs 04-2026 06-2026: 5.1%● 0.0% vs 05-2026 07-2026: 5.1%● 0.0% vs 06-2026 08-2026: 6.6%▲ +30.1% vs 07-2026highest value 09-2026: 6.6%● 0.0% vs 08-2026highest value 10-2026: 2.3%▼ -65.5% vs 09-2026lowest value
  • Loss of €1.0m, the second in a row (FY 2024) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 400 days late; 3 of the last 3 late raises the probability
  • Founded in 1964 lowers the probability for this profile
  • Negative equity -€978,372 raises the probability
No credit on open account
Liquidity short (current ratio 0.6 against 0.54 in 2023; short-term debt: 112.8% and cash: 15.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 6%, liquidity 14%, profitability 9%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Loss of €1.0m, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 400 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1964
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity -€978,372
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€978,372
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2026, 400 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
400 d late
2023
208 d late
2022
242 d late
2021
257 d late
2020
433 d late
2019
557 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 350 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Weakest financial yearnet -€1.0m

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€978,372 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€1.0m View
  • Caution: Among the weakest 5% on net resultsector median €15,604 · 63 companies -€1.0m View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Controlled by BWT Holding GmbH parent View
  • Caution: Result fell in 2024from -€785,793 to -€1.0m ▼ 29.2% View
  • Active since 1964founded 21-04-1964 62 years View

By topic

Financials

Fiscal year
2024
Turnover
€13.5m
Loss
-€1.0m
Solvency
-14.1%
Turnover▼ 0.7%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 04-09-2026Annual accounts filed
  2. 24-02-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Water collection, treatment and supplyNACE 36000
Founded
21-04-1964
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure