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PAUWELS

Active
Public limited companyfounded 1978active for 48 yearsTen Beukeboom(App) 11, 9400 Ninove, BelgiumKBO/BCE: BE 0417.904.209

From the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of PAUWELS is 2.5% (moderate). The 2025 annual accounts show equity of €781,948 and a net result of -€238,694. Equity has been shrinking by about 11% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 14% of 2,445 sector peers (NACE 43, financial year 2025). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
PAUWELSActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 01-01-1978 Normal situation
Activity
Joinery installation NACE 43320and 2 others
Establishment units
3 establishment units
Financial year end
31 December
Peppol
Reachable since 10-12-2025
Company details

Board and ownership

Board
  • Comm. V. ALGIM.Managing director · permanent representative Charles Fauquette
  • ALGIMDirector · permanent representative Charles Fauquette
Shareholders
Holdings
Shares in 3 companies including PAUWELS GLASSPROJECTS and G & G CONSTRUCT
Board & ownership

Financial position

50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.5%
Annual accounts 2025
Turnover
€5.4m
▼ 1.2%
Loss
€238,694
▲ 157%
Equity
€781,948
▼ 23.4%
Total assets
€6.2m
▲ 1.8%
Staff
33.1 FTE
▼ 7.8%
Filed on 16-07-2026, 15 days before the deadlineat the National Bank
Financials
Score breakdownraises riskEquity €781,948 (12.5% of total assets)Liquidity: current ratio 0.64, cash €77,513Sector: Specialised construction activities (NACE 43)1 of the last 3 accounts lateShow the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 15% of small companies in specialised construction (NACE 43)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 38-4
equity 12.5% of total assets
Liquidity 18-9
short-term debt 63.7% · cash 1.2%
Profitability 18-7
return on assets -3.8%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 11-2024: 1.8%lowest value 12-2024: 5.9%▲ +4.1 percentage points vs 11-2024 01-2025: 5.9%● unchanged vs 12-2024 02-2025: 5.7%▼ -0.2 percentage points vs 01-2025 03-2025: 5.7%● unchanged vs 02-2025 04-2025: 5.7%● unchanged vs 03-2025 05-2025: 5.7%● unchanged vs 04-2025 06-2025: 5.6%▼ -0.1 percentage points vs 05-2025 07-2025: 5.9%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 2.1%▼ -3.8 percentage points vs 07-2025 09-2025: 2.1%● unchanged vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.0%▼ -0.1 percentage points vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.5%▲ +0.5 percentage points vs 07-2026 09-2026: 2.5%● unchanged vs 08-2026 10-2026: 2.5%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.64 (0.74 in 2024), below 1. Short-term debt is 63.7% and cash 1.2% of total assets. 87.5% 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 43, small). It does better than 13% of them on solvency, 9% on liquidity, 9% on profitability and 28% 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

Seven signals.
raises riskneutral
raises risk · Equity €781,948 (12.5% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.64, cash €77,513
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€238,694
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2445 sector peers (2025).
NBB · sector comparison
Position among 2445 sector peers
Solvency
better than 14%
← weakest strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
31 days early
2023
118 days late
2022
30 days late
2021
26 days late
2020
37 days early
2019
51 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 6 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 (4 of the last 5 accounts filed within 57 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

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€238,694 View
  • Caution: Result fell in 2025from -€93,046 to -€238,694 ▼ 157% View
  • Caution: Lower net result than 95% of companies in specialised constructionsector median €42,866 · 2,446 companies -€238,694 View

Companies linked to PAUWELS

Comparable companies

These companies have the same main activity as PAUWELS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €4.5m and €8.8m, founded between 1971 and 1991.

CompanyTotal assetsTurnover
PAUWELS Ninove€6.2m€5.4m
Vranken Nieuwerkerken (Limb.)€6.6m€10.2m
Chassis Norma Namur€5.5m€7.2m
RAMACO Eeklo€4.9m€10.1m
WIMAG Aalter€6.0m€10.5m
L. DUMAY - CANARD ET FILS Cerfontaine€8.8m€13.1m
Vrebos Systems Overijse€4.5m€12.1m
Full comparison

Documents

Annual accounts at the NBB

All 48 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PAUWELS
What is the company number of PAUWELS?
The company number of PAUWELS is 0417.904.209. The VAT number is the same number with BE in front: BE 0417.904.209.
Where is PAUWELS based?
The registered office is at Ten Beukeboom(App) 11, 9400 Ninove.Company details
What does PAUWELS do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of PAUWELS?
The legal form of PAUWELS is Public limited company (NV).
When was PAUWELS founded?
PAUWELS was founded on 01-01-1978.
Is PAUWELS still active?
Yes, PAUWELS is an active enterprise in the KBO register.
How many employees does PAUWELS have?
PAUWELS had an average of 33.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PAUWELS?
The turnover of PAUWELS was €5.4m in financial year 2025, according to the filed annual accounts.
Is PAUWELS profitable?
In financial year 2025, PAUWELS made a loss of €238,694.
Where can I find the annual accounts of PAUWELS?
PAUWELS filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of PAUWELS due?
PAUWELS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check

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