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GWL+

Active
Private limited companyfounded 2017active for 9 yearsRuiterstraat 103, 3930 Hamont-Achel, BelgiumKBO/BCE: BE 0671.467.553
Summary

GWL+ has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €858,777 and a net result of €117,652. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 23% of 521 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
GWL+ActiveChecked score 80/100
Risk analysis ReportCompare

Overview

Activity
Civil engineering
NACE 42212Site preparation NACE 43120
2nd largest company by total assets in Hamont-Achel, Construction sector1 site
Size
€4.8mtotal assets 2025
Staff
2.9 FTE
Equity
€858,777
Profit
€117,652
Turnover not published (abbreviated or micro format)
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Holdings
3
2025 accounts filed 25 days late1 of 4 deeds summarised
Why 80raises riskLiquidity: current ratio 0.32, cash €50,838Equity €858,777 (18.0% of total assets)lowers riskFigures for financial year 2025 (filed 27-08-2026)Size: 2.9 FTE, total assets €4.8mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 42, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 43+3
equity 18.0% of total assets
Liquidity 42+1
short-term debt 25.2% · cash 1.1%
Profitability 55+4
return on assets 2.5%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,868 companies, NACE 42, micro)
Last 24 months 11-2024: 2.7% 12-2024: 2.7%● unchanged vs 11-2024 01-2025: 2.7%● unchanged vs 12-2024 02-2025: 2.7%● unchanged vs 01-2025 03-2025: 2.8%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%▼ -0.3 percentage points vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 2.6%▲ +0.1 percentage points vs 05-2025 07-2025: 2.6%● unchanged vs 06-2025 08-2025: 3.5%▲ +0.9 percentage points vs 07-2025highest value 09-2025: 1.4%▼ -2.1 percentage points vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.5%▲ +0.1 percentage points vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.6%▲ +0.1 percentage points vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.7%▲ +0.1 percentage points vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.6 percentage points vs 07-2026 09-2026: 0.6%▼ -1.8 percentage points vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.32, compared with 0.38 in 2024, below 1; short-term debt: 25.2% and cash: 1.1% of total assets), and 82% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 42, micro): better than 21% on solvency, 36% on liquidity, 28% on profitability and 60% on growth.

The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.32, cash €50,838
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 27-08-2026)
NBB · annual accounts
lowers risk · Size: 2.9 FTE, total assets €4.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €858,777 (18.0% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 521 sector peers (2025).
NBB · sector comparison
Position among 521 sector peers
Solvency
better than 23%
← weakest strongest →
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 · 8 filings
Deviation from the deadline
2025
25 days late
2024
26 days late
2023
28 days late
2022
28 days late
2021
22 days late
2020
31 days late
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% 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 26 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Staff fell in 2025from 10.8 FTE to 2.9 FTE ▼ 73.1% View
  • Positive: 2nd largest company by total assets in Hamont-Achel, Construction sectorin the Checked rankings No. 2 View
  • Positive: 8 profitable years in a rowprofit 2025: €117,652 8 years View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Financial year
2025
Total assets
€4.8m
Profit
€117,652
Solvency
18.0%
Total assets▼ 0.4%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2019
Next accounts
by 31-07-2027
  1. 30-11-2023Resignations: LAUWERS Wim (manager) and LAUWERS Jan…
  2. 28-08-2023Annual accounts filed
  3. 31-12-2022Equity above €500,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Civil engineeringNACE 42212
Founded
14-02-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Annual meeting
Last Friday of June at 20:00
Purpose
“Bouw en aanleg van rioleringen,waterdistributienetten,pijpleidingen voor vervoer van…” (deed in Dutch)
Go to Articles of association

Key facts about GWL+

What is the company number of GWL+?
0671.467.553. In Belgium the VAT number is the company number with BE in front: BE 0671.467.553.
Where is GWL+ based?
The registered office is at Ruiterstraat 103, 3930 Hamont-Achel.Company details
What does GWL+ do?
According to the KBO register, the main activity is civil engineering (NACE 42212).
What is the legal form of GWL+?
Private limited company (BV).
When was GWL+ founded?
On 14-02-2017.
Is GWL+ still active?
Yes, GWL+ is an active enterprise in the KBO register.
How many employees does GWL+ have?
On average 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GWL+?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is GWL+ profitable?
In financial year 2025, GWL+ made a profit of €117,652.
Where can I find the annual accounts of GWL+?
GWL+ filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GWL+ due?
By 31-07-2027, for financial year 2026.Timeline

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