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LOUIS DE WAELE CONSTRUCTION

Active
Public limited companyfounded 1968active for 58 yearsTerhulpsesteenweg 185, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0405.829.588

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

LOUIS DE WAELE CONSTRUCTION has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.4m and a net result of €937,782. Equity has been growing by about 2.7% per year since 2018. Its solvency ranks better than 30% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

KBO
Status
Active Normal situation
Registered office
170 active companies are registered at this address 8 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
General construction of residential buildings NACE 41001and 1 other
Establishment units
2.004.497.971 1170 Watermaal-Bosvoorde, since 01-12-1946
2.143.932.701 1830 Machelen (Brab.), since 09-12-2004
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
and 2 other directors
Shareholders

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€128.5m
▼ 8.1%
Profit
€937,782
▼ 45.6%
Equity
€10.4m
▲ 0.5%
Total assets
€51.8m
▲ 5.6%
Staff
217 FTE
▼ 0.3%
Filed on 22-05-2026, 70 days before the deadlinePDF
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €10.4m (20.0% of total assets)lowers riskLiquidity: current ratio 1.18, cash €10.5mSize: turnover €128.5m, 217 FTE, total assets €51.8mShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of medium-sized companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Weak
Solvency 45-1
equity 20.0% of total assets
Liquidity 34+2
short-term debt 76.8% · cash 20.2%
Profitability 57-2
return on assets 1.8%
Bankruptcy probability within 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).

Sector median 0.3% (209 companies, NACE 41, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 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: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.2%● unchanged vs 07-2025highest value 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: 0.2%● unchanged vs 10-2025highest value 12-2025: 0.2%● unchanged vs 11-2025highest value 01-2026: 0.2%● unchanged vs 12-2025highest value 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: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (1.21 in 2024), below the usual 1.5. Short-term debt is 76.8% and cash 20.2% of total assets. 80% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, medium-sized). It does better than 37% of them on solvency, 50% on liquidity, 52% on profitability and 36% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Equity €10.4m (20.0% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.18, cash €10.5m
NBB · annual accounts
lowers risk · Size: turnover €128.5m, 217 FTE, total assets €51.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
70 days early
2024
56 days early
2023
63 days early
2022
68 days early
2021
67 days early
2020
71 days early
2019
11 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 58 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was 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 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in Watermaal-Bosvoorde, Construction sectorin the Checked rankings No. 1 View
  • Caution: Result fell in 2025from €1.7m to €937,782 ▼ 45.6% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €937,782 8 years View
  • Wallonia-Brussels supportpaid in 2024 €3.3m View

Comparable companies

These companies have the same main activity as LOUIS DE WAELE CONSTRUCTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €39m and €69m, founded between 1960 and 1986.

CompanyTotal assetsTurnover
LOUIS DE WAELE CONSTRUCTION Watermaal-Bosvoorde€51.8m€128.5m
VALENS Oudergem€63.8m€95.9m
Vanderstraeten Lummen€49.5m€124.7m
FRANKI Flémalle€39.1m€97.9m
JURI Zele€53.9m€103.7m
ALGEMENE ONDERNEMINGEN ROBERT WYCKAERT Gent€49.1m€118.7m
MORTI Gent€69.3m€85.8m
Full comparison

Documents

Annual accounts at the NBB

All 49 annual accounts

Articles and registers

Key facts about LOUIS DE WAELE CONSTRUCTION

What is the company number of LOUIS DE WAELE CONSTRUCTION?
The company number of LOUIS DE WAELE CONSTRUCTION is 0405.829.588. The VAT number is the same number with BE in front: BE 0405.829.588.
Where is LOUIS DE WAELE CONSTRUCTION based?
The registered office is at Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde.Company details
What does LOUIS DE WAELE CONSTRUCTION do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of LOUIS DE WAELE CONSTRUCTION?
The legal form of LOUIS DE WAELE CONSTRUCTION is Public limited company (NV).
When was LOUIS DE WAELE CONSTRUCTION founded?
LOUIS DE WAELE CONSTRUCTION was founded on 01-01-1968.
Is LOUIS DE WAELE CONSTRUCTION still active?
Yes, LOUIS DE WAELE CONSTRUCTION is an active enterprise in the KBO register.
How many employees does LOUIS DE WAELE CONSTRUCTION have?
LOUIS DE WAELE CONSTRUCTION had an average of 217 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LOUIS DE WAELE CONSTRUCTION?
The turnover of LOUIS DE WAELE CONSTRUCTION was €128.5m in financial year 2025, according to the filed annual accounts.
Is LOUIS DE WAELE CONSTRUCTION profitable?
In financial year 2025, LOUIS DE WAELE CONSTRUCTION made a profit of €937,782.
Where can I find the annual accounts of LOUIS DE WAELE CONSTRUCTION?
LOUIS DE WAELE CONSTRUCTION filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of LOUIS DE WAELE CONSTRUCTION due?
LOUIS DE WAELE CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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