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P&W

Active
Private limited companyfounded 198145 years activeBoomgaardstraat 107, 2018 Antwerpen, BelgiumKBO/BCE: BE 0421.339.393
Summary

P&W has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218,388 and a net result of €55,781. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 9,546 sector peers (NACE 43, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Bricklaying and masonry work
NACE 43910General construction of residential buildings NACE 41001
1 site
Size
€669,593total assets 2025
Staff
1.3 FTE
Equity
€218,388
Profit
€55,781
Turnover not published (abridged schema)
Financial health
85 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Accounts 45 days early0 of 9 deeds read
Why 85- Sector Specialised construction activities (NACE 43)+ Founded in 1981+ Size: 1.3 FTE, total assets €669,593+ Figures for FY 2025 (filed 17-06-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 58-9
equity 32.6% of total assets
Liquidity 42-3
short-term debt 32.1% · cash 4.6%
Profitability 79+3
return on assets 8.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,518 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026highest value 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 2.67 in 2024; short-term debt: 32.1% and cash: 4.6% of total assets), but 67.4% of the assets are financed with debt.
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 43, micro): better than 34% on solvency, 31% on liquidity, 58% on profitability and 16% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Sector Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1981
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: 1.3 FTE, total assets €669,593
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 17-06-2026)
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
24 days early
2023
7 days early
2022
46 days early
2021
44 days early
2020
24 days early
2019
28 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 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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. Usually files around 17 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €55,781 8 years View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1981founded 26-02-1981 45 years View

By topic

Financials

Fiscal year
2025
Total assets
€669,593
Profit
€55,781
Solvency
32.6%
Total assets▼ 1.3%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 31-12-2023Liquidity doubles
  2. 15-06-2023Annual accounts filed
  3. 31-12-2022Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Bricklaying and masonry workNACE 43910
Founded
26-02-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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