Equity
€1.3m ▲ 10.4%
GWL has made a profit without a break since 2016.
GWL
Lifetime
20 annual accounts with figures on one time axispeak €2.3m (2025)
€2.3m▲ 9.0%
lowest -€110,264 (2009)
€125,363▲ 23.7%
peak €1.3m (2025)
€1.3m▲ 10.4%
€3.9m▲ 10.2%
peak 20.9 FTE (2013)
17.2 FTE▲ 6.8%
Board5 names since 2003
3 directors and 2 others
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Cash from €114,209 to €194,255
Key points
from the 2025 annual accountsTurnover
≈ €6.4m estimated
The abbreviated format states no turnover.
Debts
€3.9m 74% of the balance sheet
Financial debts 52%Suppliers 30%Taxes and wages 1%Other 17%
Of this, €1.9m falls due within a year.
Filings
20 annual accounts since 2006
Nine of the last ten came late. The 2024 accounts came latest: 35 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 04-11-2026 · 3 in office.
Position in the sector
€1.3m
More equity than 88% of companies in specialised construction. Sector median €340,458 · 9,279 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,684 companies had the same profile as GWL has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,684 companies, not a prediction for GWL. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, , since 01-01-2016
Director, since 01-07-2017
Director,
Recent changes
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representative: · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457838416
Changes of role: , and
Permanent representatives: and · Director discharge: · Director discharge: · Gazette deed
Appointment: (manager)
Permanent representative: · General meeting of 11-01-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GWL Oudsbergen | €5.2m | €2.3m | 25.5% | 17.2 |
| DE COSTER GRONDWERKEN Peer | €4.2m | €1.7m | 38.6% | 12.9 |
| WYLAGRO Poperinge | €5.1m | €2.3m | 24.3% | 17.6 |
| RENTABEL Lede | €6.1m | €2.3m | 38.5% | 16.7 |
| SUDTRAFOR Saint-Hubert | €3.8m | €2.7m | 70.5% | 17.8 |
| GRONDWERKEN DECLERCQ Tielt | €4.1m | €2.3m | 38.6% | 13.2 |
| EECKHAUT Oudenaarde | €4.4m | €2.2m | 74.0% | 12.6 |
These companies have the same main activity as GWL: site preparation (NACE 43120). They are comparable in size and age: total assets between €3.8m and €6.1m, founded between 1988 and 2003.
Official details
Source: KBO- Status
- Active since 29-04-1996Normal situation
- Activity
- Site preparationNACE 43120
- Establishment unit
- 2.076.368.7363670 Oudsbergen, since 30-04-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Insights on GWL
GWL files the abbreviated format. That format states no turnover. The gross margin rose from €448,559 in 2006 to €2.3m in 2025.
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 GWL
- What is the company number of GWL?
- The company number of GWL is 0457.838.416. The VAT number is the same number with BE in front: BE 0457.838.416.
- Where is GWL based?
- The registered office is at Fabriekstraat 13, 3670 Oudsbergen.Company details
- What does GWL do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of GWL?
- GWL is a private limited company (BV).
- When was GWL founded?
- GWL was founded on 29-04-1996.
- Is GWL still active?
- Yes, GWL is an active enterprise in the KBO register.
- How many employees does GWL have?
- GWL had an average of 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GWL?
- The turnover in financial year 2025 is ≈ €6.4m. This figure is estimated from the gross margin of €2.3m and 67 comparable companies (NACE 43). It probably lies between €4.9m and €8.5m.
- Is GWL profitable?
- In financial year 2025, GWL made a profit of €125,363.
- Where can I find the annual accounts of GWL?
- GWL filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GWL due?
- GWL 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 See whether the workforce is growing and whether people stay.Employer check 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
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