HW. CONSTRUCT
ActiveSummary
HW. CONSTRUCT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255,497 and a net result of €7,000. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 46% of 9,316 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
General construction of residential buildings
NACE 41001Other specialised construction activities NACE 43990
1 site
Size
€644,368total assets 2025
- Staff
- 2.2 FTE
- Equity
- €255,497
- Profit
- €7,000
Turnover not published (micro format)
Why 88raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €644,368Founded in 2004Figures for financial year 2025 (filed 13-07-2026)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Average
Solvency
65+5
equity 39.7% of total assets
Liquidity
51+3
short-term debt 25.6% · cash 8.3%
Profitability
63+6
return on assets 1.1%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● unchanged vs 11-2024lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.82, compared with 1.71 in 2024, above the usual 1.5; short-term debt: 25.6% and cash: 8.3% of total assets), but 60.3% 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 41, micro): better than 47% on solvency, 53% on liquidity, 35% on profitability and 42% on growth.
The bankruptcy probability was computed on 25-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
9 days early
2023
26 days late
2022
6 days early
2021
2 days early
2020
15 days early
2019
90 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 9 days after the deadline; the sector median (NACE 41) for financial year 2024 is 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 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
Equity
€255,497▲ 2.8%
2024 · €248,497
Total assets
€644,368▼ 10.1%
2024 · €716,465
Net result
€7,000▲ 4.0%
2024 · €6,730
Working capital
€135,372▲ 2.1%
2024 · €132,616
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€30,553
2025
Net result€7,000
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€644,368
2025
Equity€255,497
2025
Debt€388,871
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€135,372
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.82
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€31,200-€47,198€43,587▼ 7.7%€59,801▲ 37.2%€55,352▼ 7.4%€74,586▲ 34.7%€34,984▼ 53.1%€30,553▼ 12.7%
Net result-€35,766-€39,702€39,291above the sector's middle half▼ 1.0%€40,438above the sector's middle half▲ 2.9%€35,437above the sector's middle half▼ 12.4%€46,617above the sector's middle half▲ 31.6%€6,730within the sector's middle half▼ 85.6%€7,000within the sector's middle half▲ 4.0%
Equity€40,282-€79,984▲ 98.6%€119,275above the sector's middle half▲ 49.1%€159,713above the sector's middle half▲ 33.9%€195,150above the sector's middle half▲ 22.2%€241,767above the sector's middle half▲ 23.9%€248,497above the sector's middle half▲ 2.8%€255,497above the sector's middle half▲ 2.8%
Total assets€206,888-€216,235▲ 4.5%€215,340within the sector's middle half▼ 0.4%€375,639above the sector's middle half▲ 74.4%€582,244above the sector's middle half▲ 55.0%€814,992above the sector's middle half▲ 40.0%€716,465above the sector's middle half▼ 12.1%€644,368above the sector's middle half▼ 10.1%
Debt€166,606-€136,251▼ 18.2%€96,065▼ 29.5%€215,926▲ 125%€387,094▲ 79.3%€573,225▲ 48.1%€467,968▼ 18.4%€388,871▼ 16.9%
Working capital€18,263-€71,840▲ 293%€106,202above the sector's middle half▲ 47.8%€101,000above the sector's middle half▼ 4.9%€99,358above the sector's middle half▼ 1.6%€130,207above the sector's middle half▲ 31.0%€132,616above the sector's middle half▲ 1.9%€135,372above the sector's middle half▲ 2.1%
Solvency19.5%-37.0%▲ 17.5pp55.4%within the sector's middle half▲ 18.4pp42.5%within the sector's middle half▼ 12.9pp33.5%within the sector's middle half▼ 9.0pp29.7%within the sector's middle half▼ 3.9pp34.7%within the sector's middle half▲ 5.0pp39.7%within the sector's middle half▲ 5.0pp
Current ratio1.14-1.60▲ 0.462.15within the sector's middle half▲ 0.541.67within the sector's middle half▼ 0.471.59within the sector's middle half▼ 0.081.57within the sector's middle half▼ 0.021.71within the sector's middle half▲ 0.141.82within the sector's middle half▲ 0.11
Return on assets (ROA)-17.3%-18.4%▲ 35.6pp18.2%above the sector's middle half▼ 0.1pp10.8%within the sector's middle half▼ 7.5pp6.1%within the sector's middle half▼ 4.7pp5.7%within the sector's middle half▼ 0.4pp0.9%within the sector's middle half▼ 4.8pp1.1%within the sector's middle half▲ 0.1pp
Staff (FTE)3-2.8▼ 6.7%3within the sector's middle half▲ 7.1%3.4▲ 13.3%4▲ 17.6%4.9▲ 22.5%4.8▼ 2.0%2.2▼ 54.2%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644,368
Fixed assets
€344,079 ▼ 13.2%
Current assets
€300,289 ▼ 6.1%
Equity and liabilities €644,368
Equity
€255,497 ▲ 2.8%
Debt
€388,871 ▼ 16.9%
Debt's share of the balance-sheet total falls from 65.3% to 60.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97,063▼
2024 · €103,400
Cash flow
€73,510▼
2024 · €75,146
Quick ratio
1.61▼
2024 · 1.63
Debt to equity
1.52▼
2024 · 1.88
ROE
2.7%▲
2024 · 2.7%
Interest coverage
5.12▲
2024 · 4.44
Debt ≤ 1 year
€164,917▼
2024 · €187,220
Debt > 1 year
€223,802▼
2024 · €280,255
Income taxes
€4,783▼
2024 · €5,014
Staff costs
€125,868▼
2024 · €231,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94.3%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €370 | €612 | €39,751 | €4,132 | €444 | ▼ 89.2% |
| Remuneration, social security and pensions62 | - | - | - | €114,537 | €159,469 | €214,867 | €231,651 | €125,868 | ▼ 45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,341 | €17,220 | €14,239 | €28,334 | €48,225 | €40,898 | €68,416 | €66,510 | ▼ 2.8% |
| Other operating charges640/8 | - | - | - | €18,369 | €2,668 | €2,662 | €3,097 | €46,027 | ▲ 15× |
| Non-recurring operating charges66A | - | - | - | - | €562 | €122 | €4,550 | €301 | ▼ 93.4% |
| Gross operating margin9900 | €152,006 | €204,344 | €191,675 | €221,042 | €266,276 | €333,135 | €342,698 | €269,259 | ▼ 21.4% |
| Operating profit (loss)9901 | -€31,200 | €47,198 | €43,587 | €59,801 | €55,352 | €74,586 | €34,984 | €30,553 | ▼ 12.7% |
| Financial income75/76B | - | - | - | €7 | €7 | €4 | €57 | €190 | ▲ 232% |
| Recurring financial income75 | €27 | €4 | €6 | €7 | €7 | €4 | €57 | €190 | ▲ 232% |
| Financial charges65/66B | - | - | - | €4,157 | €4,527 | €12,750 | €23,297 | €18,960 | ▼ 18.6% |
| Recurring financial charges65 | €4,319 | €3,478 | €3,371 | €4,157 | €4,527 | €12,750 | €23,297 | €18,960 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | -€35,491 | €43,724 | €57,743 | €55,651 | €50,832 | €61,840 | €11,744 | €11,783 | ▲ 0.3% |
| Income taxes67/77 | €275 | €4,022 | €18,452 | €15,213 | €15,396 | €15,223 | €5,014 | €4,783 | ▼ 4.6% |
| Profit (loss) for the period9904 | -€35,766 | €39,702 | €39,291 | €40,438 | €35,437 | €46,617 | €6,730 | €7,000 | ▲ 4.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €13,463 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€35,766 | €39,702 | €44,578 | €53,901 | €35,437 | €46,617 | €6,730 | €7,000 | ▲ 4.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €206,888 | €216,235 | €215,340 | €375,639 | €582,244 | €814,992 | €716,465 | €644,368 | ▼ 10.1% |
| Fixed assets21/28 | €58,927 | €25,471 | €16,518 | €124,284 | €314,755 | €455,597 | €396,628 | €344,079 | ▼ 13.2% |
| Intangible fixed assets21 | €783 | - | - | - | €821 | €497 | €173 | - | - |
| Tangible fixed assets22/27 | €58,020 | €25,347 | €16,394 | €124,160 | €313,810 | €454,976 | €396,331 | €343,955 | ▼ 13.2% |
| Land and buildings22 | - | - | - | - | €208,768 | €259,701 | €244,610 | €229,520 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | - | €16,975 | €25,699 | €29,105 | €19,598 | €13,994 | ▼ 28.6% |
| Furniture and vehicles24 | - | - | - | €106,363 | €79,001 | €110,292 | €82,458 | €59,028 | ▼ 28.4% |
| Leasing and similar rights25 | - | - | - | - | - | €55,878 | €47,816 | €39,755 | ▼ 16.9% |
| Other tangible fixed assets26 | - | - | - | €822 | €342 | - | €1,848 | €1,658 | ▼ 10.3% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €147,961 | €190,764 | €198,821 | €251,355 | €267,489 | €359,395 | €319,837 | €300,289 | ▼ 6.1% |
| Stocks and contracts in progress3 | €9,500 | €9,500 | €9,500 | €73,000 | €92,852 | €90,739 | €15,000 | €35,000 | ▲ 133% |
| Stocks30/36 | - | - | - | €13,000 | €11,500 | €10,000 | €15,000 | €15,000 | = |
| Contracts in progress37 | - | - | - | €60,000 | €81,352 | €80,739 | - | €20,000 | - |
| Amounts receivable within one year40/41 | €60,287 | €122,412 | €108,186 | €157,271 | €172,725 | €181,928 | €253,096 | €204,736 | ▼ 19.1% |
| Trade receivables40 | - | - | - | €145,695 | €172,725 | €177,188 | €238,228 | €174,044 | ▼ 26.9% |
| Other amounts receivable41 | - | - | - | €11,576 | - | €4,740 | €14,868 | €30,692 | ▲ 106% |
| Cash at bank and in hand54/58 | - | €26,475 | €78,089 | €14,923 | - | €77,559 | €44,601 | €53,725 | ▲ 20.5% |
| Deferred charges and accrued income490/1 | - | - | - | €6,161 | €1,912 | €9,170 | €7,140 | €6,829 | ▼ 4.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €206,888 | €216,235 | €215,340 | €375,639 | €582,244 | €814,992 | €716,465 | €644,368 | ▼ 10.1% |
| Equity10/15 | €40,282 | €79,984 | €119,275 | €159,713 | €195,150 | €241,767 | €248,497 | €255,497 | ▲ 2.8% |
| Contributions10/11 | €15,800 | €15,800 | - | €15,800 | €15,800 | €15,800 | €15,800 | €15,800 | = |
| Reserves13 | €20,610 | €60,610 | €99,323 | €138,860 | €173,860 | €219,860 | €226,360 | €232,860 | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €137,000 | €172,000 | €218,000 | €224,500 | €231,000 | ▲ 2.9% |
| Profit (loss) carried forward14 | €3,872 | €3,574 | €4,152 | €5,053 | €5,490 | €6,107 | €6,337 | €6,837 | ▲ 7.9% |
| Amounts payable17/49 | €166,606 | €136,251 | €96,065 | €215,926 | €387,094 | €573,225 | €467,968 | €388,871 | ▼ 16.9% |
| Amounts payable after more than one year17 | €36,780 | €17,230 | €3,446 | €65,571 | €218,963 | €343,906 | €280,255 | €223,802 | ▼ 20.1% |
| Financial debts170/4 | - | - | - | €65,571 | €218,963 | €343,906 | €280,255 | €223,802 | ▼ 20.1% |
| Amounts payable within one year42/48 | €129,698 | €118,924 | €92,619 | €150,355 | €168,131 | €229,188 | €187,220 | €164,917 | ▼ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,769 | €35,248 | €47,914 | €56,563 | €56,453 | ▼ 0.2% |
| Financial debts43 | - | - | - | - | €1,464 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €1,464 | - | - | - | - |
| Trade debts44 | €76,797 | €79,295 | €40,948 | €94,180 | €113,163 | €160,200 | €111,891 | €88,445 | ▼ 21.0% |
| Suppliers440/4 | - | - | - | €94,180 | €113,163 | €160,200 | €111,891 | €88,445 | ▼ 21.0% |
| Taxes, remuneration and social security45 | - | - | - | €26,333 | €11,413 | €15,084 | €11,105 | €7,500 | ▼ 32.5% |
| Taxes450/3 | - | - | - | €8,575 | €8,017 | €5,223 | €5,224 | €2,959 | ▼ 43.4% |
| Remuneration and social security454/9 | - | - | - | €17,758 | €3,396 | €9,860 | €5,881 | €4,540 | ▼ 22.8% |
| Other amounts payable47/48 | - | - | - | €8,073 | €6,844 | €5,990 | €7,661 | €12,519 | ▲ 63.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €130 | €492 | €152 | ▼ 69.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,766 | €39,702 | €39,291 | €40,438 | €35,437 | €46,617 | €6,730 | €7,000 | ▲ 4.0% |
| + Depreciation and write-downs630 | €45,341 | €17,220 | €14,239 | €28,334 | €48,225 | €40,898 | €68,416 | €66,510 | ▼ 2.8% |
| Operating cash flow (approximation) | €9,575 | €56,922 | €53,530 | €68,772 | €83,662 | €87,515 | €75,146 | €73,510 | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | €16,236 | -€5,287 | -€136,100 | -€238,696 | -€181,739 | -€9,448 | -€13,960 | ▼ 47.8% |
| Change in cash | - | - | €51,614 | -€63,166 | - | - | -€32,958 | €9,124 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00322232 |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00300122 |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00371169 |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00266937 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20245913 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400222 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65600138 |
| 31-12-2018 | micro format | 16-07-2019 | 2019-33700052 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56500334 |
| 31-12-2016 | micro format | 18-07-2017 | 2017-32900155 |
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Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,272. 11,560 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2023
HERTEN Olivier
CurrentDirector (not named in the articles) · since 13-11-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HERTEN Olivier |
|
Owners and capital
Capital and shareholders
Capital over the years
- 13-11-2023 Capital stated in the deed · 186 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
22-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
26-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 26 days late
2023
31-12
Financial
Highest result from 2018 to 2025net €46,617 ▲31.6%
Operating result €74,586, net result €46,617, both a record.
31-12
Financial
Equity above €200,000equity €241,767 ▲23.9%
5 profitable years in a row build equity to €241,767.
13-11
Gazette deed
Resignation: HERTEN Olivier (manager)Appointment: HERTEN Olivier (director) · Legal-form conversion · Capital conversion10 facts ▸
Gazette deed
Resignation: HERTEN Olivier (manager)
Appointment: HERTEN Olivier (director) · Legal-form conversion · Capital conversion10 facts ▸
- General meeting, 09-11-2023
- General meeting, “adapter les statuts aux dispositions du Code des sociétés et des associations, Première résolution” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “de plein droit, article 39,§2,deuxième alinéa de la loi du 23 mars introduisant le Code des sociétés et des associations et portant des dispositions diverses” (deed in French)
- General meeting, “adaptation des statuts, Troisième résolution” (deed in French)
- Capital
- Director resignation, HERTEN Olivier (manager)
- Director appointment, HERTEN Olivier (director (not named in the articles))
- Registered office clause, “4367 Crisnée,chaussée Verte,18, Cinquième résolution” (deed in French)
- Power of attorney, HERTEN Olivier
25-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
29-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Equity above €150,000equity €159,713 ▲33.9%
3 profitable years in a row build equity to €159,713.
16-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Equity above €100,000equity €119,275 ▲49.1%
2 profitable years in a row build equity to €119,275.
29-10
NBB filing
Annual accounts filed
financial year 2019 · micro format · 90 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €39,702
Net result €39,702 after one loss-making year.
16-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
30-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 30 days late
2017
18-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded28-09-2004
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867461397
Also
9925:BE0867461397
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0867.461.397
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Crisnée · 1 establishment unit since 2004
Ground area
1,508 m²
Building footprint
110 m²
Building volume
714 m³
Parcel 64413B0609/00N000, Wallonia · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
HW.Construct
since 2004unit no. 2.139.412.796
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64413B0609/00N000 | Wallonia | 1,508 m² | 1 · 110 m² | 8.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale de construction de bâtiments,public et privé; Maçonnerie et le gros œuvre; La charpenterie et la menuiserie; Le…” (deed in French)
9 activities (deed in French)
- L’entreprise générale de construction de bâtiments,public et privé
- Maçonnerie et le gros œuvre
- La charpenterie et la menuiserie
- Le plafonnage et le cimentage
- Le carrelage
- La démolition
- Les travaux d’étanchéité et revêtement
- La restauration de bâtiments classés
- La vente et l’achat de matériaux de construction en gros ou en détail
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HW CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “TITRE IV. ADMINISTRATION – CONTRÔLE, nommés avec ou sans limitation de durée” (deed in French)“Portée aux frais généraux indépendamment frais représentation,voyages et déplacements, si rémunéré fixé par assemblée à majorité absolue ou…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives avec numéro d’ordre, TITRE III. TITRES” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cessibles entre vifs ou transmissibles pour cause de mort sans agrément à actionnaire,conjoint du cédant ou testateur,ascendants ou…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “TITRE VII. DISSOLUTION – LIQUIDATION, en tout temps par décision de l'assemblée générale délibérant dans formes prévues pour modifications…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, en cas de dissolution pour quelque cause et à quelque…” (deed in French)