Financials
- Fiscal year
- 2025
- Total assets
- €2.8m
- Loss
- -€35,667
- Solvency
- 2.3%
Total assets▼ 4.9%
Net result
20202025
GW-Immo
ActiveSummary
GW-Immo has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,717 and a net result of -€35,667. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 9986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€2.8mtotal assets 2025
- Equity
- €65,717
- Loss
- -€35,667
Turnover not published (abridged schema)
Structure
- Largest shareholder
- CALISTOGA · 33.33%
Accounts 8 d early0 of 2 deeds read
Why 83- Equity €65,717 (2.3% of total assets)- Liquidity: current ratio 0.32, cash €29,720+ Size: total assets €2.8m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 31% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
27-1
equity 2.3% of total assets
Liquidity
51=
short-term debt 4.7% · cash 1.0%
Profitability
33-8
return on assets -1.3%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 0.3%
09-2025: 0.3%▲ +14.9% vs 08-2025
10-2025: 0.4%▲ +14.3% vs 09-2025highest value
11-2025: 0.1%▼ -62.5% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%▼ -4.5% vs 02-2026lowest value
04-2026: 0.1%● 0.0% vs 03-2026lowest value
05-2026: 0.1%▲ +1.6% vs 04-2026
06-2026: 0.2%▲ +24.2% vs 05-2026
07-2026: 0.2%▲ +10.1% vs 06-2026
08-2026: 0.2%▲ +17.7% vs 07-2026
09-2026: 0.3%▲ +29.6% vs 08-2026
10-2026: 0.3%▲ +18.4% vs 09-2026
- Size: total assets €2.8m lowers the probability for this profile
- Sector Real estate activities (NACE 68) lowers the probability
- Equity €65,717 (2.3% of total assets) raises the probability
- Liquidity: current ratio 0.32, cash €29,720 raises the probability
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.58 in 2024; short-term debt: 4.7% and cash: 1% of total assets), and 97.7% of the assets are financed with debt.
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 (NACE 68, small). Better than this share of them on solvency 19%, liquidity 67%, profitability 27%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9986 sector peers (2025).
NBB · sector comparisonPosition among 9986 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
3 d early
2023
22 d early
2022
7 d early
2021
11 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 23 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close02-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€35,667
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Largest shareholder
- CALISTOGA · 33.33%
Timeline
- Events
- 9
- Since
- 2020
- Next accounts
- by 31-10-2026
- 23-10-2025Annual accounts filed
- 31-03-2025Weakest financial year
- 28-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 27-07-2018
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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