LEWAL
ActiveSummary
LEWAL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,453 and a net result of €6,353. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+69
Solvency84▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 4.3 in 2024; short-term debt: 40.6% and cash: 30.9% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.4%
Return on assets
3.2%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
22 d early
2023
30 d early
2022
28 d early
2021
30 d early
2020
30 d early
2019
62 d 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 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€116,453▼ 16.9%
2024 · €140,100
Total assets
€196,171▲ 11.7%
2024 · €175,548
Net result
€6,353
2024 · -€20,917
Working capital
€101,081▼ 13.6%
2024 · €116,939
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,853▼ 35.9%€48,793▲ 134%€7,798▼ 84.0%-€21,835€5,496
Net result€17,013within the sector's middle half▼ 40.3%€36,859above the sector's middle half▲ 117%€9,062within the sector's middle half▼ 75.4%-€20,917below the sector's middle half€6,353within the sector's middle half
Equity€130,596above the sector's middle half▲ 15.0%€167,455above the sector's middle half▲ 28.2%€169,016above the sector's middle half▲ 0.9%€140,100above the sector's middle half▼ 17.1%€116,453within the sector's middle half▼ 16.9%
Total assets€168,625within the sector's middle half▼ 8.6%€212,792within the sector's middle half▲ 26.2%€208,331within the sector's middle half▼ 2.1%€175,548within the sector's middle half▼ 15.7%€196,171within the sector's middle half▲ 11.7%
Debt€38,029▼ 46.4%€45,337▲ 19.2%€39,315▼ 13.3%€35,449▼ 9.8%€79,719▲ 125%
Working capital€113,553above the sector's middle half▲ 19.1%€149,632above the sector's middle half▲ 31.8%€148,228above the sector's middle half▼ 0.9%€116,939above the sector's middle half▼ 21.1%€101,081above the sector's middle half▼ 13.6%
Solvency77.4%above the sector's middle half▲ 15.9pp78.7%above the sector's middle half▲ 1.2pp81.1%above the sector's middle half▲ 2.4pp79.8%above the sector's middle half▼ 1.3pp59.4%within the sector's middle half▼ 20.4pp
Current ratio5.70above the sector's middle half▲ 2.915.18above the sector's middle half▼ 0.525.12above the sector's middle half▼ 0.064.30above the sector's middle half▼ 0.822.27within the sector's middle half▼ 2.03
Return on assets (ROA)10.1%within the sector's middle half▼ 5.3pp17.3%above the sector's middle half▲ 7.2pp4.3%within the sector's middle half▼ 13.0pp-11.9%below the sector's middle half▼ 16.3pp3.2%within the sector's middle half▲ 15.2pp
Staff (FTE)1.6▲ 14.3%1.8▲ 12.5%2▲ 11.1%2=2=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,496 after a loss of €21,835 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,171
Fixed assets
€15,372 ▼ 33.6%
Current assets
€180,799 ▲ 18.6%
Equity and liabilities €196,171
Equity
€116,453 ▼ 16.9%
Debt
€79,719 ▲ 125%
Debt's share of the balance-sheet total rises from 20.2% to 40.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,562▲
2024 · -€9,909
Cash flow
€16,419▲
2024 · -€8,991
Debt to equity
0.68▲
2024 · 0.25
ROE
5.5%▲
2024 · -14.9%
Interest coverage
131.55▲
2024 · -48.68
Debt ≤ 1 year
€79,719▲
2024 · €35,449
Income taxes
€740▲
2024 · €51
Staff costs
€64,857▲
2024 · €61,437
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% 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%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €152 | - | - | - | - |
| Remuneration, social security and pensions62 | €63,120 | €71,709 | €84,248 | €61,437 | €64,857 | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,388 | €10,186 | €10,721 | €11,925 | €10,066 | ▼ 15.6% |
| Other operating charges640/8 | €695 | €698 | €1,138 | €953 | €1,049 | ▲ 10.0% |
| Gross operating margin9900 | €98,056 | €131,385 | €103,906 | €52,481 | €81,468 | ▲ 55.2% |
| Operating profit (loss)9901 | €20,853 | €48,793 | €7,798 | -€21,835 | €5,496 | ▲ 125% |
| Financial income75/76B | €1,047 | €1,753 | €5,493 | €1,173 | €1,715 | ▲ 46.3% |
| Recurring financial income75 | €1,047 | €1,753 | €1,914 | €1,173 | €1,715 | ▲ 46.3% |
| Non-recurring financial income76B | - | - | €3,580 | - | - | - |
| Financial charges65/66B | €817 | €485 | €274 | €204 | €118 | ▼ 41.9% |
| Recurring financial charges65 | €817 | €485 | €274 | €204 | €118 | ▼ 41.9% |
| Profit (loss) for the period before taxes9903 | €21,083 | €50,061 | €13,017 | -€20,866 | €7,093 | ▲ 134% |
| Income taxes67/77 | €4,070 | €13,202 | €3,955 | €51 | €740 | ▲ 1,353% |
| Profit (loss) for the period9904 | €17,013 | €36,859 | €9,062 | -€20,917 | €6,353 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €17,013 | €36,859 | €9,062 | -€20,917 | €6,353 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,625 | €212,792 | €208,331 | €175,548 | €196,171 | ▲ 11.7% |
| Fixed assets21/28 | €30,920 | €27,393 | €24,153 | €23,160 | €15,372 | ▼ 33.6% |
| Tangible fixed assets22/27 | €30,859 | €27,332 | €24,042 | €23,049 | €15,261 | ▼ 33.8% |
| Land and buildings22 | €6,511 | €5,015 | €3,602 | €2,190 | €778 | ▼ 64.5% |
| Plant, machinery and equipment23 | €23,118 | €18,997 | €15,081 | €17,561 | €12,502 | ▼ 28.8% |
| Furniture and vehicles24 | €1,230 | €3,320 | €5,358 | €3,298 | €1,981 | ▼ 39.9% |
| Financial fixed assets28 | €61 | €61 | €111 | €111 | €111 | = |
| Current assets29/58 | €137,704 | €185,399 | €184,179 | €152,388 | €180,799 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €22,414 | €2,942 | €14,407 | €6,736 | €15,634 | ▲ 132% |
| Trade receivables40 | €17,867 | €2,942 | €3,851 | €564 | €4,986 | ▲ 785% |
| Other amounts receivable41 | €4,546 | - | €10,556 | €6,172 | €10,648 | ▲ 72.5% |
| Current investments50/53 | - | €80,500 | €87,050 | €93,737 | €100,492 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €113,481 | €99,728 | €80,179 | €47,764 | €60,677 | ▲ 27.0% |
| Deferred charges and accrued income490/1 | €1,810 | €2,229 | €2,543 | €4,151 | €3,998 | ▼ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,625 | €212,792 | €208,331 | €175,548 | €196,171 | ▲ 11.7% |
| Equity10/15 | €130,596 | €167,455 | €169,016 | €140,100 | €116,453 | ▼ 16.9% |
| Contributions10/11 | €18,592 | €18,592 | €20,452 | €20,452 | €20,452 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Outside capital11 | - | - | €20,452 | - | - | - |
| Other1109/19 | - | - | €20,452 | - | - | - |
| Reserves13 | €27,360 | €47,360 | €45,000 | €37,000 | €12,000 | ▼ 67.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €25,500 | €45,500 | €45,000 | €37,000 | €12,000 | ▼ 67.6% |
| Profit (loss) carried forward14 | €84,644 | €101,503 | €103,564 | €82,648 | €84,001 | ▲ 1.6% |
| Amounts payable17/49 | €38,029 | €45,337 | €39,315 | €35,449 | €79,719 | ▲ 125% |
| Amounts payable after more than one year17 | €12,073 | €7,766 | €3,364 | - | - | - |
| Financial debts170/4 | €12,073 | €7,766 | €3,364 | - | - | - |
| Amounts payable within one year42/48 | €24,152 | €35,767 | €35,951 | €35,449 | €79,719 | ▲ 125% |
| Current portion of amounts payable after more than one year42 | €4,826 | €4,307 | €4,402 | €3,364 | - | - |
| Trade debts44 | €4,251 | €5,942 | €7,120 | €2,171 | €19,151 | ▲ 782% |
| Suppliers440/4 | €4,251 | €5,942 | €7,120 | €2,171 | €19,151 | ▲ 782% |
| Advances received on contracts in progress46 | - | - | €657 | - | €4,655 | - |
| Taxes, remuneration and social security45 | €9,198 | €20,634 | €11,492 | €10,033 | €8,011 | ▼ 20.1% |
| Taxes450/3 | €7,389 | €17,493 | €11,492 | €1,752 | €2,659 | ▲ 51.7% |
| Remuneration and social security454/9 | €1,810 | €3,141 | - | €8,280 | €5,353 | ▼ 35.4% |
| Other amounts payable47/48 | €5,877 | €4,884 | €12,281 | €19,881 | €47,902 | ▲ 141% |
| Accrued charges and deferred income492/3 | €1,804 | €1,804 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,013 | €36,859 | €9,062 | -€20,917 | €6,353 | ▲ 130% |
| + Depreciation and write-downs630 | €13,388 | €10,186 | €10,721 | €11,925 | €10,066 | ▼ 15.6% |
| Operating cash flow (approximation) | €30,402 | €47,045 | €19,783 | -€8,991 | €16,419 | ▲ 283% |
| Investment in fixed assets (approximation) | - | -€6,658 | -€7,481 | -€10,933 | -€2,278 | ▲ 79.2% |
| Change in cash | - | -€13,753 | -€19,549 | -€32,415 | €12,912 | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6,353
Net result €6,353 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€20,917
Net result drops to -€20,917, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €36,859 ▲117%
Operating result €48,793, net result €36,859, both a record.
31-12
Financial
Equity above €150,000Eq €167,455 ▲28.2%
5 profitable years in a row build equity to €167,455.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 5.70
Current ratio from 2.79 to 5.70; short-term debt falls from €53,254 to €24,152.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €100,105 ▲14.7%
2 profitable years in a row build equity to €100,105.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 1999
Ground area
2,016 m²
Building footprint
95 m²
Volume, LiDAR
508 m³
Parcel 57057C0096/00V000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Vieux Comté(MOU) 26, 7543 Tournai
since 19992.090.370.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57057C0096/00V000 | Wallonia | 2,016 m² | 1 · 95 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,721 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
16250Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465292865
Registered
02-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.