Equity
€62,057 ▲ 7.5%
GW-SERVICE has made a profit in every financial year since 2023.
GW-SERVICE
Lifetime
3 annual accounts with figures on one time axispeak €45,404 (2024)
€39,412▼ 13.2%
peak €24,154 (2023)
€4,319▼ 79.5%
peak €62,057 (2025)
€62,057▲ 7.5%
€86,124▼ 7.4%
Board2 names since 2023
2 directorsMICHIELS Günther Walter Jonas and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from €45,404 to €39,412Result from €21,084 to €4,319Cash from €17,416 to €6,222
Key points
from the 2025 annual accountsChecked score
50
Fair
Financially stronger than 47% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.2%▲ +0.1 percentage points vs 02-2025
04-2025: 3.3%▲ +0.1 percentage points vs 03-2025
05-2025: 3.5%▲ +0.2 percentage points vs 04-2025
06-2025: 3.4%▼ -0.1 percentage points vs 05-2025
07-2025: 3.6%▲ +0.2 percentage points vs 06-2025
08-2025: 4.1%▲ +0.5 percentage points vs 07-2025
09-2025: 3.1%▼ -1.0 percentage point vs 08-2025
10-2025: 3.1%● unchanged vs 09-2025
11-2025: 3.1%● unchanged vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.0%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 3.0%● unchanged vs 01-2026lowest value
03-2026: 3.0%● unchanged vs 02-2026lowest value
04-2026: 3.2%▲ +0.2 percentage points vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026
06-2026: 3.2%● unchanged vs 05-2026
07-2026: 3.4%▲ +0.2 percentage points vs 06-2026
08-2026: 4.1%▲ +0.7 percentage points vs 07-2026
09-2026: 4.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 3.5%▼ -0.8 percentage points vs 09-2026
11-2026: 3.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €148,181
Liquidity: current ratio 1.29, cash €6,222, halved
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 (NACE 41, micro). It does better than 50% of them on solvency, 40% on liquidity, 46% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as GW-SERVICE has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GW-SERVICE itself is higher: 3.5% within 12 months. It rests on far more data about GW-SERVICE than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,546 companies, not a prediction for GW-SERVICE. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.1 in 2024), below the usual 1.5. Short-term debt is 29.9% and cash 4.2% of total assets. 58.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
25 days late
2024
12 days late
2023
5 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 11 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MICHIELS Günther Walter Jonas 500 sharesdeed of 16-02-2023
- VAN BRECHT Wendy 500 sharesdeed of 16-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798428279
Incorporation
Appointments: MICHIELS Günther Walter Jonas (director) and VAN BRECHT Wendy (director) · Founder: MICHIELS Günther Walter Jonas · Founder: VAN BRECHT Wendy · published on 16-02-2023 · Gazette deed
First establishment
Floris Primsstraat 1, Grobbendonk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GW-SERVICE Grobbendonk | €148,181 | €39,412 | 41.9% | - |
| Sorento Construct Olen | €113,477 | €41,009 | 19.4% | - |
| Essentials Construct Ingelmunster | €135,301 | €39,456 | 39.6% | - |
| HAESAERT NIELS Lievegem | €120,049 | €37,482 | 68.7% | - |
| Venus Company Sint-Pieters-Leeuw | €135,221 | €33,367 | 13.5% | - |
| MERCURY CONSTRUCT Brussels | €130,634 | €35,311 | 86.4% | - |
| SRN CONSTRUCT Sint-Pieters-Leeuw | €110,885 | €33,285 | 40.5% | - |
These companies have the same main activity as GW-SERVICE: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €111,000 and €135,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 14-02-2023Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.341.552.0862280 Grobbendonk, since 14-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-06-2025
Insights on GW-SERVICE
GW-SERVICE files the abbreviated format. That format states no turnover. The gross margin fell from €39,855 in 2023 to €39,412 in 2025.
The balance sheet grew most in 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GW-SERVICE
- What is the company number of GW-SERVICE?
- The company number of GW-SERVICE is 0798.428.279. The VAT number is the same number with BE in front: BE 0798.428.279.
- Where is GW-SERVICE based?
- The registered office is at Floris Primsstraat 1, 2280 Grobbendonk.Company details
- What does GW-SERVICE do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of GW-SERVICE?
- GW-SERVICE is a private limited company (BV).
- When was GW-SERVICE founded?
- GW-SERVICE was founded on 14-02-2023.
- Is GW-SERVICE still active?
- Yes, GW-SERVICE is an active enterprise in the KBO register.
- What is the turnover of GW-SERVICE?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €39,412 and 39 comparable companies (NACE 410). It probably lies between €110,000 and €470,000.Financials
- Is GW-SERVICE profitable?
- In financial year 2025, GW-SERVICE made a profit of €4,319.
- Where can I find the annual accounts of GW-SERVICE?
- GW-SERVICE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GW-SERVICE due?
- GW-SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.