GAWEL GROUP
ActiveSummary
The computed 12-month bankruptcy probability of GAWEL GROUP is 1.6% (moderate). The 2025 annual accounts show equity of €43k and a net result of €16k. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 2045 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+5
Solvency61▼-8
Growth68▲+10
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.71 in 2024; short-term debt: 63.8% and cash: 36.4% of total assets), and 63.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
28 d early
2023
28 d early
2022
20 d early
2021
7 d late
2020
26 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€543k▲ 16.3%
2024 · €467k
2024: €467k
2024 → 2025
EBIT margin
3.6%▲ 0.9pp
2024 · 2.7%
2024: 2.7%
2024 → 2025
Net result
€16k▲ 59.2%
2024 · €10k
2019: €8k
2020: €4k
2021: €6k
2022: €5k
2023: €963
2024: €10k
2019 → 2025
Working capital
€34k▼ 25.2%
2024 · €45k
2019: €73k
2020: €77k
2021: €67k
2022: €64k
2023: €53k
2024: €45k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€467k€543k▲ 16.3%
Equity€79k-€58k▼ 27.0%€59k▲ 1.7%€50k▼ 14.0%€43k▼ 14.8%
Operating result€11k-€10k▼ 13.7%€4k▼ 58.0%€13k▲ 211%€20k▲ 54.3%
Net result€6k-€5k▼ 21.7%€963▼ 79.3%€10k▲ 913%€16k▲ 59.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€9k ▲ 70.2%
Current assets
€110k ▲ 0.9%
Equity and liabilities €119k
Equity
€43k ▼ 14.8%
Debt
€76k ▲ 19.3%
Debt's share of the balance-sheet total rises from 55.8% to 63.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €16k
Cash flow
€19k▲
2024 · €13k
Current ratio
1.44▼
2024 · 1.71
Debt to equity
1.77▲
2024 · 1.26
ROE
36.1%▲
2024 · 19.3%
ROA
13.0%▲
2024 · 8.5%
Interest coverage
28.54▲
2024 · 26.75
Debt ≤ 1 year
€76k▲
2024 · €64k
Income taxes
€3k▲
2024 · €2k
Staff costs
€22k▲
2024 · €17k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€114k€119k▲
Fixed assets21/28€6k€9k▲
Tangible fixed assets22/27€5k€9k▲
Plant, machinery and equipment23€2k€635▼
Furniture and vehicles24€3k€8k▲
Financial fixed assets28€540€540=
Current assets29/58€109k€110k▲
Amounts receivable within one year40/41€61k€66k▲
Trade receivables40€54k€57k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€47k€43k▼
Deferred charges and accrued income490/1€472€482▲
Equity and liabilities
Total equity and liabilities10/49€114k€119k▲
Equity10/15€50k€43k▼
Contributions10/11€8k€8k=
Reserves13€37k€35k▼
Distributable reserves133€37k€35k▼
Profit (loss) carried forward14€5k€67▼
Amounts payable17/49€64k€76k▲
Amounts payable within one year42/48€64k€76k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€33k€35k▲
Suppliers440/4€33k€35k▲
Taxes, remuneration and social security45€7k€24k▲
Taxes450/3€2k€4k▲
Remuneration and social security454/9€5k€20k▲
Other amounts payable47/48€18k€12k▼
Income statement
Code20242025
Turnover70€467k€543k▲
Goods, raw materials, services and sundry goods60/61€430k€495k▲
Remuneration, social security and pensions62€17k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€245-
Gross operating margin9900€36k€48k▲
Operating profit (loss)9901€13k€20k▲
Financial income75/76B€44€100▲
Recurring financial income75€44€100▲
Financial charges65/66B€605€801▲
Recurring financial charges65€605€801▲
Profit (loss) for the period before taxes9903€12k€19k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€10k€16k▲
Profit (loss) for the period to be appropriated9905€10k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€21k▲
Profit (loss) brought forward from the previous period14P€4k€5k▲
Transfer from equity791/2€18k-
Transfer to equity691/2€9k€9k▼
To other reserves6921€9k€9k▼
Profit to be distributed694/7€18k€12k▼
Return on contributions (dividend)694€18k-
Directors or managers695-€12k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2019net €16k ▲59.2%
Operating result €20k, net result €16k, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €963 ▼79.3%
Net result drops to €963, the lowest in the series; recovery starts the following year.
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 7 days late
2021
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Sint-Jans-Molenbeek · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Reimond Stijnsstraat 1031080 Sint-Jans-MolenbeekGround area
511 m²
Building footprint
480 m²
Volume, LiDAR
4,462 m³
2 parcels, Brussels · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Korenbeekstraat 15, 1080 Sint-Jans-Molenbeek
since 20112.205.936.782
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0276/00A002 | Brussels | 367 m² | 1 · 371 m² | 17.6 m · 2 fl. |
| 21526D0012/00H002 | Brussels | 144 m² | 1 · 109 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A&N INNOVATION
BE 0730.907.470
Jette · Eq €43,012
DSolutions
BE 0670.595.048
Elsene · Eq €42,992
Aquasoudure
BE 0764.497.580
Wasseiges · Eq €42,991
MERA RENOVATIE
BE 0764.525.393
Grimbergen · Eq €43,078
VINDEVOGEL CONSTRUCT
BE 0734.938.217
Sint-Joost-ten-Node · Eq €43,120
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2011
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
43343Specialised construction activities
43910Bricklaying and masonry work
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gawelgroup@gmail.com