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GWE

Active
Private limited companyfounded 20206 yrs activeRue Carlo-Mahy(BIN) 15, 7130 Binche, BelgiumKBO/BCE: BE 0754.624.069
Summary

The computed 12-month bankruptcy probability of GWE is 3.8% (moderate). The 2024 annual accounts show equity of €7,535 and a net result of -€2,908. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 9989 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
GWEActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€12,358total assets 2024
Equity
€7,535
Loss
-€2,908
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.8%
Structure
Accounts 65 d overdue0 of 1 deed read
Why 49- Figures for FY 2024 (filed 23-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late- Founded in 2020+ Liquidity: current ratio 2.49, cash €4,984Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 44% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 86-2
equity 61.0% of total assets
Liquidity 82-1
short-term debt 39.0% · cash 40.3%
Profitability 0=
return on assets -23.5%
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,211 companies)
Last 24 months 11-2024: 1.4% 12-2024: 1.4%● 0.0% vs 11-2024 01-2025: 1.4%▼ -1.4% vs 12-2024lowest value 02-2025: 1.4%▲ +1.1% vs 01-2025 03-2025: 1.4%▲ +0.8% vs 02-2025 04-2025: 1.5%▲ +2.1% vs 03-2025 05-2025: 1.5%▲ +3.3% vs 04-2025 06-2025: 1.6%▲ +3.4% vs 05-2025 07-2025: 1.6%▲ +3.7% vs 06-2025 08-2025: 2.2%▲ +35.2% vs 07-2025 09-2025: 2.4%▲ +9.6% vs 08-2025 10-2025: 1.7%▼ -32.1% vs 09-2025 11-2025: 1.7%● 0.0% vs 10-2025 12-2025: 1.7%▲ +0.4% vs 11-2025 01-2026: 1.6%▼ -4.5% vs 12-2025 02-2026: 1.6%● 0.0% vs 01-2026 03-2026: 1.6%▼ -0.9% vs 02-2026 04-2026: 1.6%▲ +2.5% vs 03-2026 05-2026: 1.6%▼ -0.9% vs 04-2026 06-2026: 1.6%▲ +1.0% vs 05-2026 07-2026: 1.7%▲ +6.0% vs 06-2026 08-2026: 2.3%▲ +37.7% vs 07-2026 09-2026: 2.6%▲ +11.5% vs 08-2026 10-2026: 3.8%▲ +44.7% vs 09-2026highest value
  • Figures for FY 2024 (filed 23-09-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late raises the probability
  • Founded in 2020 raises the probability for this profile
  • Liquidity: current ratio 2.49, cash €4,984 lowers the probability
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 41, micro). Better than this share of them on solvency 70%, liquidity 84%, profitability 5%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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 · Figures for FY 2024 (filed 23-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 2.49, cash €4,984
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
21222324
2021 to 2024 · latest year -€2,908
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
54 d late
2023
57 d late
2022
120 d late
2021
87 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 80 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Weakest financial yearnet -€4,054

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Caution: Among the weakest 20% on equitysector median €45,183 · 10,003 companies €7,535 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€2,908 View

By topic

Financials

Fiscal year
2024
Total assets
€12,358
Loss
-€2,908
Solvency
61.0%
Total assets▼ 25.2%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 23-09-2025Annual accounts filed
  2. 26-09-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
18-09-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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