GEWA
ActiveSummary
GEWA has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,703 and a net result of -€1,854. Equity has been growing by about 6.6% per year since 2018. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-06-2007 Normal situation
- Activity
- “De aankoop en verkoop,onderhands of publiek,ruiling,huur en verhuur van alle onroerende goederen,bouwmaterialen,machines,benodigdheden en toebehoren.” (deed in Dutch)From the articles, 12 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.282.570.643 3740 Bilzen-Hoeselt, since 08-06-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€1,133
- ▲ 7.1%
- Loss
- €1,854
- ▲ 7.7%
- Equity
- €37,703
- ▼ 4.7%
- Total assets
- €42,703
- ▼ 4.2%
Score breakdownraises riskNo main activity registeredLoss of €1,854, the second in a row (financial year 2025)lowers riskSize: total assets €42,703Founded in 2007Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 81% of them on solvency, 45% on liquidity, 19% on profitability and 31% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 18 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,820, larger than the loss of €1,669 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €635 | €635 | €896 | €449 | €687 | ▲ 52.8% |
| Gross operating margin9900 | -€828 | -€1,095 | -€1,104 | -€1,211 | -€2,306 | -€1,205 | -€1,220 | -€1,133 | ▲ 7.1% |
| Operating profit (loss)9901 | -€1,115 | -€1,730 | -€1,738 | -€1,845 | -€2,941 | -€2,102 | -€1,669 | -€1,820 | ▼ 9.1% |
| Financial income75/76B | - | - | - | €11,260 | €6,787 | - | - | - | - |
| Recurring financial income75 | €4,767 | €7,885 | €11,079 | €11,260 | €6,203 | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €583 | - | - | - | - |
| Financial charges65/66B | - | - | - | €45 | €45 | €45 | €52 | €34 | ▼ 35.4% |
| Recurring financial charges65 | €67 | €55 | €44 | €45 | €45 | €45 | €52 | €34 | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | €3,585 | €6,101 | €9,298 | €9,370 | €3,801 | -€2,147 | -€1,721 | -€1,854 | ▼ 7.7% |
| Income taxes67/77 | - | - | €2,096 | €2,501 | €1,014 | - | - | - | - |
| Profit (loss) for the period9904 | €3,585 | €6,101 | €7,201 | €6,869 | €2,786 | -€2,147 | -€1,721 | -€1,854 | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €3,585 | €6,101 | €7,201 | €6,869 | €2,786 | -€2,147 | -€1,721 | -€1,854 | ▼ 7.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €137,207 | €228,165 | €241,923 | €251,202 | €44,439 | €42,517 | €44,557 | €42,703 | ▼ 4.2% |
| Fixed assets21/28 | €13,417 | €13,417 | €13,417 | €13,417 | - | - | - | - | - |
| Financial fixed assets28 | €13,417 | €13,417 | €13,417 | €13,417 | - | - | - | - | - |
| Current assets29/58 | €123,790 | €214,748 | €228,507 | €237,786 | €44,439 | €42,517 | €44,557 | €42,703 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €103,544 | €206,243 | €214,483 | €225,207 | €42,704 | €41,704 | €41,704 | €41,704 | = |
| Other amounts receivable41 | - | - | - | €225,207 | €42,704 | €41,704 | €41,704 | €41,704 | = |
| Cash at bank and in hand54/58 | €15,479 | €620 | €3,299 | €1,318 | €1,735 | €814 | €2,853 | €999 | ▼ 65.0% |
| Deferred charges and accrued income490/1 | - | - | - | €11,260 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €137,207 | €228,165 | €241,923 | €251,202 | €44,439 | €42,517 | €44,557 | €42,703 | ▼ 4.2% |
| Equity10/15 | €20,467 | €26,568 | €33,769 | €40,638 | €43,425 | €41,278 | €39,557 | €37,703 | ▼ 4.7% |
| Contributions10/11 | €26,000 | €26,000 | - | €26,000 | €26,000 | €26,000 | €26,000 | €26,000 | = |
| Reserves13 | - | €568 | €7,769 | €14,638 | €17,425 | €15,278 | €13,557 | €11,703 | ▼ 13.7% |
| Non-distributable reserves130/1 | - | - | - | €305 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €305 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €14,333 | €17,425 | €15,278 | €13,557 | €11,703 | ▼ 13.7% |
| Profit (loss) carried forward14 | -€5,533 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €116,740 | €201,597 | €208,154 | €210,564 | €1,014 | €1,239 | €5,000 | €5,000 | = |
| Amounts payable within one year42/48 | €116,727 | €201,597 | €208,143 | €210,564 | €1,014 | €1,239 | €5,000 | €5,000 | = |
| Trade debts44 | €129 | - | €80 | - | - | €225 | - | - | - |
| Suppliers440/4 | - | - | - | - | - | €225 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,597 | €1,014 | €1,014 | - | - | - |
| Taxes450/3 | - | - | - | €4,597 | €1,014 | €1,014 | - | - | - |
| Other amounts payable47/48 | - | - | - | €205,967 | - | - | €5,000 | €5,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,585 | €6,101 | €7,201 | €6,869 | €2,786 | -€2,147 | -€1,721 | -€1,854 | ▼ 7.7% |
| Operating cash flow (approximation) | €3,585 | €6,101 | €7,201 | €6,869 | €2,786 | -€2,147 | -€1,721 | -€1,854 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | -€14,859 | €2,679 | -€1,981 | €417 | -€922 | €2,040 | -€1,854 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as GEWA has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GEWA itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,908 companies, not a prediction for GEWA. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00143317 | |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00131172 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00144562 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00181158 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20089860 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400296 | |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-20400316 | |
| 31-12-2018 | abbreviated format | 26-06-2019 | 2019-23400224 | |
| 31-12-2017 | abbreviated format | 17-07-2018 | 2018-34200335 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-38000085 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-03-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GEURTS Jean-Marie Eugène |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, onbezoldigd tenzij Algemene Vergadering anders beslist”
Articles of association, deed of 01-03-2022 (in Dutch)
Network & group
GEWA shares no director with another company.
Companies at the same address
4 other companiesConnections & network
1 current directorThe network starts from the directors of GEWA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-03
Gazette deed
Resignation: GEURTS Jean-Marie Eugène (director)Reappointment: GEURTS Jean-Marie Eugène (director) · Amendment of the articles · Capital conversion12 points ▸
- General meeting, 24-02-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbaar eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffen” (deed in Dutch)
- Other provision, “verslag bestuursorgaan over wijziging voorwerp” (deed in Dutch)
- Purpose change
- Registered office clause, “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
- Share issue, “uitgiftevoorwaarden bepalen onbeschikbaar of beschikbaar, gelijk” (deed in Dutch)
- Director resignation, GEURTS Jean-Marie Eugène (director)
- Director discharge, GEURTS Jean-Marie Eugène
- Director reappointment, GEURTS Jean-Marie Eugène (director (not named in the articles))
- Registered office clause, “3740 Bilzen, Maastrichterstraat”, 200, “bestuurder” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
12 activities
- De aankoop en verkoop,onderhands of publiek,ruiling,huur en verhuur van alle onroerende goederen,bouwmaterialen,machines,benodigdheden en toebehoren.
- Het bouwen,verbouwen,aannemen,onder-aannemen,renoveren,saneren,verkavelen,oprichten of laten oprichten als beroepsoprichter van alle onroerende goederen.
- Het uitvoeren van grondwerken,ruwbouw,bedrijvigheden met betrekking tot de gehele of gedeeltelijke uitvoering van voltooiingswerkzaamheden of de coördinatie van deze bij de uitvoering door onderaannemers,dit zowel in de particuliere,openbare als de industriële sector.
- Het beheer en de bemiddeling inzake aankoop en verkoop,huur en verhuur,optreden als commissionair of agentuur bij transacties in verband met onroerende goederen.
- De veiligheidscoördinatie van bouwwerken en bouwwerven.
- De aankoop en verkoop,onderhands of publiek,ruiling,huur en verhuur met betrekking tot bomen,planten en groenbeheer.
- De aanleg,het onderhoud en het beheer van tuinen,aanplantingen,bossen,parken en sportvelden.
- Het telen van bomen,struiken en planten en het uitoefenen van land- en tuinbouwactiviteiten.
- De aankoop en verkoop,onderhands of publiek,ruiling,huur en verhuur,uitbating,plaatsing en fabricatie van alle horeca-,feest- en partyartikelen,springkastelen,attracties,animaties,decoratie,tenten,tafels,stoelen,barbecue en andere horeca apparaten en diverse feestmaterialen.
- Inrichting,organisatie,begeleiding,grafische vormgeving,aankleding,catering en verzorging van concerten,festivals,seminaries,beurzen,recepties,tentoonstellingen,banketten,projectvoorstellingen,productpresentaties,opendeurdagen,feesten,speciale evenementen,parades,culturele manifestaties,sportmanifestaties en feestgelegenheden met alle toebehoren.
- Uitvoeren van reclameopdrachten,ontwerp en realisatie van folders,mailings en publiciteitscampagnes.
- Het uitbaten en exploiteren en alles wat hiermee verband houdt van vakantiewoningen,hotels,overnachtingen met ontbijt,etc.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73097A0530/00K000 | Flanders | 199 m² | 1 · 199 m² | 8.7 m · 2 |