PAW CONSTRUCT
ActiveSummary
PAW CONSTRUCT has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,298 and a net result of €2,183. Equity has been shrinking by about 9.5% per year since 2018. Its solvency ranks better than 68% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-02-2015 Normal situation
- Registered office
- 141 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.240.693.169 8790 Waregem, since 17-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- BAERT MartinDirector · since 21-12-2023
- DEMUYNCK DavyDirector · since 21-12-2023
- VANFLETEREN KristofDirector · since 21-12-2023
Shareholders
- ION HOLDING50%2025 annual accounts of ION HOLDING
- BNL IMMO25%· score 822025 annual accounts of BNL IMMO
- DORIAN GROEP25%· score 242025 annual accounts of DORIAN GROEP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Profit
- €2,183
- Equity
- €126,298
- ▲ 1.8%
- Total assets
- €206,983
- ▼ 2.4%
Score breakdownlowers riskLiquidity: current ratio 2.57, cash €26,978Founded in 2015Equity €126,298 (61.0% of total assets)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency
86+2
equity 61.0% of total assets
Liquidity
48+12
short-term debt 39.0% · cash 13.0%
Profitability
40+34
return on assets 1.1%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
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: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%▼ -0.1 percentage points vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025highest value
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.4 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (2.41 in 2024), above the usual 1.5. Short-term debt is 39% and cash 13% of total assets. 39% 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 68, micro). It does better than 72% of them on solvency, 44% on liquidity, 36% on profitability and 51% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers 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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
51 days early
2023
33 days early
2022
55 days early
2021
32 days early
2020
31 days early
2019
14 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 39 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 10 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 03-06-2026 PDF all 10 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0▼ 100%
2018 · €14.1m
EBIT margin
11.0%
Net result
€2,183
2024 · -€26,498
Working capital
€126,326▲ 1.7%
2024 · €124,179
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€3,268
▲ 89.8%
2025
20182025
Net result
€2,183
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€126,298
▲ 1.8%
2025
lowest quarter of the sector
20182025
Total assets
€206,983
▼ 2.4%
2025
lowest quarter of the sector
20182025
Debt
€80,685
▼ 8.3%
2025
20182025
Working capital
€126,326
▲ 1.7%
2025
middle half of the sector
20182025
Solvency
61.0%
▲ 2.5pp
2025
middle half of the sector
20182025
Current ratio
2.57
▲ 0.15
2025
middle half of the sector
20182025
Return on assets (ROA)
1.1%
▲ 13.5pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€14.1m-€0▼ 100%
Operating result€1.5m-€0.4m▼ 75.7%-€0.03m€0.002m-€0.03m-€0.002m▲ 93.6%-€0.03m▼ 1,407%-€0.003m▲ 89.8%
Net result€1.1m-€0.3m▼ 75.5%-€0.02mbelow the sector's middle half€0.004mwithin the sector's middle half-€0.03mbelow the sector's middle half-€0.001mwithin the sector's middle half▲ 95.5%-€0.03mwithin the sector's middle half▼ 1,764%€0.002mwithin the sector's middle half
EBIT margin11.0%-
Equity€0.2m-€0.4m▲ 152%€0.4mwithin the sector's middle half▼ 5.3%€0.2mwithin the sector's middle half▼ 56.2%€0.2mwithin the sector's middle half▼ 17.2%€0.2mwithin the sector's middle half▼ 0.9%€0.1mwithin the sector's middle half▼ 17.6%€0.1mbelow the sector's middle half▲ 1.8%
Total assets€3.5m-€0.9m▼ 75.7%€0.6mbelow the sector's middle half▼ 33.8%€0.5mbelow the sector's middle half▼ 10.7%€0.2mbelow the sector's middle half▼ 54.0%€0.2mbelow the sector's middle half▼ 9.4%€0.2mbelow the sector's middle half▲ 1.3%€0.2mbelow the sector's middle half▼ 2.4%
Debt€3.3m-€0.4m▼ 87.7%€0.1m▼ 64.7%€0.3m▲ 122%€0.08m▼ 75.2%€0.06m▼ 25.8%€0.09m▲ 49.7%€0.08m▼ 8.3%
Working capital€0.2m-€0.5m▲ 202%€0.4mwithin the sector's middle half▼ 10.2%€0.2mwithin the sector's middle half▼ 56.2%€0.2mwithin the sector's middle half▼ 17.2%€0.2mwithin the sector's middle half▼ 0.9%€0.1mwithin the sector's middle half▼ 17.6%€0.1mwithin the sector's middle half▲ 1.7%
Solvency5.0%-52.1%▲ 47.1pp74.5%above the sector's middle half▲ 22.4pp36.5%within the sector's middle half▼ 37.9pp65.8%above the sector's middle half▲ 29.2pp71.9%above the sector's middle half▲ 6.2pp58.5%within the sector's middle half▼ 13.4pp61.0%within the sector's middle half▲ 2.5pp
Current ratio1.05-2.22▲ 1.173.92above the sector's middle half▲ 1.701.58within the sector's middle half▼ 2.342.92within the sector's middle half▲ 1.343.57above the sector's middle half▲ 0.652.41within the sector's middle half▼ 1.162.57within the sector's middle half▲ 0.15
Return on assets (ROA)31.2%-31.4%▲ 0.3pp-4.2%below the sector's middle half▼ 35.6pp0.8%within the sector's middle half▲ 5.1pp-13.7%below the sector's middle half▼ 14.5pp-0.7%within the sector's middle half▲ 13.0pp-12.5%below the sector's middle half▼ 11.8pp1.1%within the sector's middle half▲ 13.5pp
Staff (FTE)0-
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,268, smaller than the loss of €32,023 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €206,983
Equity
€126,298 ▲ 1.8%
Debt
€80,685 ▼ 8.3%
Debt's share of the balance-sheet total falls from 41.5% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.64▼
2024 · 0.71
ROE
1.7%▲
2024 · -21.3%
Debt ≤ 1 year
€80,657▼
2024 · €87,901
Income taxes
€0▼
2024 · €1
Supplier credit
18758 days▲
2024 · 1053 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €14.4m | €14.4m | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Auditor
The auditor is Ernst et Young Reviseurs d'Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €531 | €550 | €591 | €658 | €630 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.02m | €0.007m | €0.001m | €0 | - | - |
| Turnover70 | €14.1m | €0 | - | - | - | - | - | - | - |
| Other operating income74 | - | - | - | €0 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.007m | €0.001m | €0 | - | - |
| Operating charges60/66A | - | - | - | €0.02m | €0.04m | €0.003m | €0.03m | €0.003m | ▼ 89.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.02m | €0.04m | €0 | €0.03m | €0.002m | ▼ 94.9% |
| Purchases600/8 | - | - | - | €0.02m | €0.04m | €0 | €0.03m | €0.002m | ▼ 94.9% |
| Services and other goods61 | - | - | - | €0 | - | €0.002m | €0.001m | €0.001m | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €460 | €499 | €0.001m | €0.001m | ▲ 2.8% |
| Operating profit (loss)9901 | €1.5m | €0.4m | -€0.03m | €0.002m | -€0.03m | -€0.002m | -€0.03m | -€0.003m | ▲ 89.8% |
| Financial income75/76B | - | - | - | €0.003m | €0.002m | €0.001m | €0.006m | €0.006m | ▼ 0.7% |
| Recurring financial income75 | €136 | €0.008m | €0.003m | €0.003m | €0.002m | €0.001m | €0.006m | €0.006m | ▼ 0.7% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.001m | €0 | - | - |
| Income from current assets751 | - | - | - | €0.003m | €0.002m | €0 | €0.006m | €0.006m | ▼ 0.7% |
| Other financial income752/9 | - | - | - | €0 | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €236 | €171 | €207 | ▲ 21.5% |
| Recurring financial charges65 | €106 | €498 | €0.001m | €0.001m | €0.001m | €236 | €171 | €207 | ▲ 21.5% |
| Debt charges650 | €0 | €356 | €357 | €266 | €356 | €88 | €0 | - | - |
| Other financial charges652/9 | - | - | - | €238 | €149 | €149 | €171 | €207 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | €1.5m | €0.4m | -€0.02m | €0.004m | -€0.03m | -€0.001m | -€0.03m | €0.002m | - |
| Income taxes67/77 | €0.5m | €0.1m | €0 | - | - | - | €1 | €0 | ▼ 100% |
| Taxes670/3 | - | - | - | - | - | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1.1m | €0.3m | -€0.02m | €0.004m | -€0.03m | -€0.001m | -€0.03m | €0.002m | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €0.3m | -€0.02m | €0.004m | -€0.03m | -€0.001m | -€0.03m | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.5m | €0.9m | €0.6m | €0.5m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.4% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.02m | €0 | - | - | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.02m | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €3.5m | €0.9m | €0.6m | €0.5m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.4% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.2m | €0.2m | €0.004m | €0.003m | €0.1m | €0.1m | ▲ 2.9% |
| Trade receivables40 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Other amounts receivable41 | - | - | - | €0.2m | €0.001m | €464 | €0.1m | €0.1m | ▲ 3.0% |
| Current investments50/53 | - | - | - | - | - | €0.2m | €0.1m | €0.07m | ▼ 31.6% |
| Other investments51/53 | - | - | - | - | - | €0.2m | €0.1m | €0.07m | ▼ 31.6% |
| Cash at bank and in hand54/58 | €3.2m | €0.5m | €0.3m | €0.3m | €0.2m | €0.006m | €0.009m | €0.03m | ▲ 187% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0 | €240 | €0.001m | €0.006m | ▲ 285% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.5m | €0.9m | €0.6m | €0.5m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.4% |
| Equity10/15 | €0.2m | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 1.8% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.3m | €0.3m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.008m | €0 | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0 | - | - | - | -€0.02m | -€0.03m | -€0.05m | -€0.05m | ▲ 4.2% |
| Amounts payable17/49 | €3.3m | €0.4m | €0.1m | €0.3m | €0.08m | €0.06m | €0.09m | €0.08m | ▼ 8.3% |
| Amounts payable within one year42/48 | €3.3m | €0.4m | €0.1m | €0.3m | €0.08m | €0.06m | €0.09m | €0.08m | ▼ 8.2% |
| Trade debts44 | €2.3m | €0.4m | €0.1m | €0.08m | €0.08m | €0.06m | €0.09m | €0.08m | ▼ 8.2% |
| Suppliers440/4 | - | - | - | €0.08m | €0.08m | €0.06m | €0.09m | €0.08m | ▼ 8.2% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €72 | €64 | €28 | ▼ 55.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €0.3m | -€0.02m | €0.004m | -€0.03m | -€0.001m | -€0.03m | €0.002m | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €1.1m | €0.3m | -€0.02m | €0.004m | -€0.03m | -€0.001m | -€0.03m | €0.002m | - |
| Investment in fixed assets (approximation) | - | €0.02m | - | - | - | - | - | - | - |
| Change in cash | - | -€2.7m | -€0.2m | -€0.05m | -€0.05m | -€0.2m | €0.004m | €0.02m | ▲ 376% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as PAW CONSTRUCT has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of PAW CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for PAW CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00140871 | |
| 31-12-2024 | full format | 10-06-2025 | 2025-00137952 | |
| 31-12-2023 | full format | 28-06-2024 | 2024-00203571 | |
| 31-12-2022 | full format | 06-06-2023 | 2023-00112509 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20121185 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-29400314 | |
| 31-12-2019 | full format | 17-07-2020 | 2020-31600594 | |
| 31-12-2018 | full format | 13-06-2019 | 2019-18700275 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-26700276 | |
| 31-12-2016 | full format | 07-06-2017 | 2017-15800480 |
Board & ownership
Directors
Directors
4 directors, last change in 2024
Board 4
BAERT Martin
Current
Class A director · since 21-12-2023 · earlier director, until 11-01-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 03-06-2026
DEMUYNCK Davy
Current
Class B director · since 21-12-2023 · earlier director, until 11-01-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 03-06-2026
VANFLETEREN Kristof
Current
Class B director · since 21-12-2023 · earlier director, until 11-01-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 03-06-2026
VANSTALLEN Michel
Current
Class A director · since 21-12-2023 · earlier director, until 11-01-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 03-06-2026
Statutory auditor 1
Ernst et Young Reviseurs d'Entreprises
Current
Auditor · current term since 13-05-2025 · permanent representative: Wim Van Gasse · listed in the 2025 annual accounts, filed on 03-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Het bestuursorgaan kan eveneens besluiten nemen middels unanieme schriftelijke besluitvorming. Het bestuursorgaan zal overeenkomstig artikel…”
deed of 11-01-2024Owners and capital
Shareholders
3 ownersOwners 3
- Equity €92.5m Profit of €14.1m in 2025 (profit of €17.2m in 2024)50%
- Sourceaccounts BNL IMMO 2025Equity €1.4m Loss of €34,505 in 2025 (loss of €105,441 in 2024) Checked score 8225%
- Equity €11.9m Profit of €325,316 in 2025 (loss of €6.7m in 2024) Checked score 2425%
Capital transactions
Capital over time
- 11-01-2024 Converted to unavailable equity
Mandate history
5 people, 5 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| BAERT Martin |
|
| DEMUYNCK Davy |
|
| VANFLETEREN Kristof |
|
| VANSTALLEN Michel |
|
| Ernst et Young Reviseurs d'Entreprises |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Elke 6 maanden tussen bestuurder A en B, 2 nieuwe kandidaten door A-Partijen of B-Partijen naargelang vacant A/B mandaat”“Tijdstip plaats agenda, minstens 1 maal per maand over aan algemene vergadering voorbehouden beslissingen”“Minstens 1 bestuurder A en 1 bestuurder B, roterend op zetel DORIAN GROEP en ION HOLDING tenzij anders in bijeenroeping”“Onbezoldigd tenzij andersluidend besluit algemene vergadering, meest gerede partij bij opnieuw geen meerderheid of niet alle bestuurders…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Te goeder trouw aangeboden door koper in Eerste Kennisgeving, eigen aandelen geheel of gedeeltelijk overdragen aan voorgestelde koper”“Geheel of gedeeltelijk,op welke wijze dan ook, voorafgaande kennisgeving aan andere Partijen”
Articles of association, deed of 11-01-2024 (in Dutch)
Network & group
Companies at the same address
140 other companies- SPRINT STUDIOS Establishment · since 2026 0719478395
- IREI Registered office · since 2026 1038981945
- IOBY CONSTRUCT Registered office · since 2026 1037651461
- IOBY LAND Registered office · since 2026 1037640771
- WSB CONSTRUCT Registered office · since 2026 1036873877
- TRIMAR LAND Registered office · since 2025 1030781287
- NAJAJIN Registered office · since 2025 1029586803
- NYP Construct Registered office · since 2025 1027713317
- BFT Development Registered office · since 2025 1025609506
- CADORE Registered office · since 2025 1025610692
Connections & network
4 current directorsThe network starts from the directors of PAW CONSTRUCT. Every other company they run is a node.
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
03-06
full format · 58 days before the deadline
2025
31-12
Financial
Back to profitnet €2,183
The net result is €2,183, after 3 loss-making years.
18-09
Gazette deed
2 directors appointedAppointment: EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Wim Van Gasse and Wim Van Gasse BV · Power of attorney7 points ▸
Gazette deed
2 directors appointed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Wim Van Gasse and Wim Van Gasse BV · Power of attorney7 points ▸
- General meeting, 13-05-2025
- Auditor appointment, EY Bedrijfsrevisoren BV
- Power of attorney, Peter Taffijn
- Power of attorney, Hannah De Paermentier
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Wim Van Gasse
- Permanent representative, Wim Van Gasse BV (representative)
10-06
full format · 51 days before the deadline
2024
28-06
full format · 33 days before the deadline
11-01
Gazette deed
Changes of role: BAERT Martin, VANSTALLEN Michel and 2 othersCapital conversion · Reserve release · Amendment of the articles20 points ▸
Gazette deed
Changes of role: BAERT Martin, VANSTALLEN Michel and 2 others
Capital conversion · Reserve release · Amendment of the articles20 points ▸
- General meeting, 21-12-2023
- Other provision, “eerste beslissing, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Registered office clause
- Other provision, “A-Partijen, partij-aanduiding” (deed in Dutch), mentioned 2 times in the deed
- Other provision, “B-Partijen, partij-aanduiding” (deed in Dutch)
- Power of attorney
- Director resignation, BAERT Martin (director)
- Director appointment, BAERT Martin (class A director)
- Other provision, “bestuursverbodverklaring, onderhandse verklaring” (deed in Dutch), mentioned 4 times in the deed
- The act holds 8 more points.
2023
06-06
full format · 55 days before the deadline
2022
31-12
Financial
Weakest financial yearnet -€31,660
The net result drops to -€31,660, the lowest from 2018 to 2025. It recovers the following year.
09-12
Gazette deed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Wim Van Gasse3 points ▸
Gazette deed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Wim Van Gasse3 points ▸
- General meeting, 10-05-2022
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Wim Van Gasse
29-06
full format · 32 days before the deadline
2021
31-12
Financial
Back to profitnet €4,245
The net result is €4,245, after one loss-making year.
30-06
full format · 31 days before the deadline
Show earlier events
2020
17-07
full format · 14 days before the deadline
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 2.22
The current ratio rises from 1.05 to 2.22. Short-term debt falls from €3.3m to €383,001.
31-12
Financial
Equity above €200,000equity €443,144 ▲152%
With a profit in every financial year since 2018, equity grows to €443,144.
13-06
full format · 48 days before the deadline
2018
27-06
full format · 34 days before the deadline
2017
07-06
full format · 54 days before the deadline
2015
19-02
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PAW CONSTRUCT in Dutch
Enterprise number
0598.743.485
Legal form
Private limited company
Status
Active, normale toestand
Founded
17-02-2015
Entity type
Legal entity
Registered office and establishments
Registered office
Vredestraat 53, 8790 Waregem, Belgium
Establishment unit
PAW CONSTRUCT, Vredestraat 53, 8790 Waregem since 17-02-2015 · unit number 2.240.693.169
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
Invoicing and payment
VAT number
BE 0598.743.485
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. Use the enterprise number 0598.743.485
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of May
deed of 11-01-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1.1 ha
Building footprint
581 m²
Building volume
520 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |