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GW TECHNICS

Active
Private limited companyfounded 2019active for 7 yearsNoordlaan 24, 3600 Genk, BelgiumKBO/BCE: BE 0735.723.026
Summary

The computed 12-month bankruptcy probability of GW TECHNICS is 5.6% (elevated). The 2024 annual accounts show equity of €87,289 and a net result of -€41,126. Equity has been growing by about 3.5% per year since 2020. Its solvency ranks better than 70% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 04-10-2019 Normal situation
Activity
General electrical installation work NACE 43211and 2 others
Establishment unit
2.294.602.009 3600 Genk, since 04-10-2019
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • Govaers GertDirector · since 04-10-2019

Financial position

36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.6%
Annual accounts 2024
Gross margin
-€12,065
Loss
€41,126
Equity
€87,289
▼ 32.0%
Total assets
€136,252
▼ 33.6%
  • 2025 accounts not filed, 95 days past the deadline
Turnover not published (micro format)
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 07-10-2025)Founded in 2019Loss of €41,126 (financial year 2024)Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 28% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Weak
Solvency 89+1
equity 64.1% of total assets
Liquidity 38-2
short-term debt 30.9% · cash 0.7%
Profitability 0-85
return on assets -30.2%
Bankruptcy probability within 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 16.1% 01-2025: 19.5%▲ +3.4 percentage points vs 12-2024 02-2025: 19.5%● unchanged vs 01-2025 03-2025: 19.7%▲ +0.2 percentage points vs 02-2025 04-2025: 18.7%▼ -1.0 percentage point vs 03-2025 05-2025: 18.6%▼ -0.1 percentage points vs 04-2025 06-2025: 18.4%▼ -0.2 percentage points vs 05-2025 07-2025: 18.4%● unchanged vs 06-2025 08-2025: 21.2%▲ +2.8 percentage points vs 07-2025highest value 09-2025: 16.3%▼ -4.9 percentage points vs 08-2025 10-2025: 14.3%▼ -2.0 percentage points vs 09-2025 11-2025: 5.9%▼ -8.4 percentage points vs 10-2025 12-2025: 5.9%● unchanged vs 11-2025 01-2026: 5.2%▼ -0.7 percentage points vs 12-2025 02-2026: 5.2%● unchanged vs 01-2026 03-2026: 5.1%▼ -0.1 percentage points vs 02-2026 04-2026: 5.5%▲ +0.4 percentage points vs 03-2026 05-2026: 5.2%▼ -0.3 percentage points vs 04-2026 06-2026: 5.2%● unchanged vs 05-2026 07-2026: 5.4%▲ +0.2 percentage points vs 06-2026 08-2026: 3.8%▼ -1.6 percentage points vs 07-2026lowest value 09-2026: 4.0%▲ +0.2 percentage points vs 08-2026 10-2026: 5.6%▲ +1.6 percentage points vs 09-2026 11-2026: 5.6%● unchanged vs 10-2026
Credit of up to €3,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.65 (2.63 in 2023), above the usual 1.5. Short-term debt is 30.9% and cash 0.7% of total assets. 35.9% of the assets are financed with debt and provisions.
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 43, micro). It does better than 70% of them on solvency, 26% on liquidity, 4% on profitability and 13% on growth.

The bankruptcy probability was computed on 02-11-2026 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

Six signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 07-10-2025)
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €41,126 (financial year 2024)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 5 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
373 days late
2022
92 days late
2021
8 days early
2020
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 110 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2024after a profit of €27,362 in 2023 -€41,126 View
  • Caution: Lower net result than 95% of companies in specialised constructionsector median €9,466 · 35,938 companies -€41,126 View

Recent changes

  1. · Gazette deed Registered office moved within GenkNew seat: Noordlaan 24 bus 16 te 3600 Genk · Previous seat: Europalaan 55b73 - 3600 Genk
  2. · Gazette deed Registered office moved from Houthalen-Helchteren to GenkNew seat: Europalaan 55b73, 3600 Genk · Previous seat: Weg naar Zwartberg 57 bus 1, 3530 Houthalen-Helchteren
  3. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as GW TECHNICS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €110,000 and €145,000, founded between 2018 and 2021.

CompanyTotal assetsGross margin
GW TECHNICS Genk€136,252-€12,065
SENRGIE+ Dilbeek€131,092-€3,280
Bart Bostoen Algemene Elektriciteit Brugge€144,673-€38,411
Vonk Kontich€130,886-€58,758
A&D Construct Gent€110,001-€1,259
PEENE KEVIN Oudenburg€116,203€1,003
EKUTECH Genk€112,750-€4,089
Full comparison

Key facts about GW TECHNICS

What is the company number of GW TECHNICS?
The company number of GW TECHNICS is 0735.723.026. The VAT number is the same number with BE in front: BE 0735.723.026.
Where is GW TECHNICS based?
The registered office is at Noordlaan 24, 3600 Genk.Company details
What does GW TECHNICS do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of GW TECHNICS?
The legal form of GW TECHNICS is Private limited company (BV).
When was GW TECHNICS founded?
GW TECHNICS was founded on 04-10-2019.
Is GW TECHNICS still active?
Yes, GW TECHNICS is an active enterprise in the KBO register.
What is the turnover of GW TECHNICS?
The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
Is GW TECHNICS profitable?
In financial year 2024, GW TECHNICS made a loss of €41,126.
Where can I find the annual accounts of GW TECHNICS?
GW TECHNICS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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