PW-Projects
ActiveSummary
PW-Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,925 and a net result of €11,386. Its solvency ranks better than 22% of 11,734 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
- Staff
- ≈ 0.4 FTE, estimated
- Equity
- €11,925
- Profit
- €11,386
Why 66raises riskLiquidity: current ratio 0.83, cash €124Founded in 2023Last filed accounts filed 27 days late; 1 of the last 3 latelowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro): better than 23% on solvency, 4% on liquidity, 69% on profitability and 99% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 2 accounts on average 154 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €11,386
Financials · financial year 2025, micro format
2025 annual accounts filed late (27 days) Filed on 27 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122621.
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €14,292 after a loss of €965 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,090 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,713 | €3,807 | ▲ 40.3% |
| Other operating charges640/8 | €400 | €1,796 | ▲ 349% |
| Gross operating margin9900 | €2,148 | €33,984 | ▲ 16× |
| Operating profit (loss)9901 | -€965 | €14,292 | - |
| Financial income75/76B | - | €428 | - |
| Recurring financial income75 | - | €428 | - |
| Financial charges65/66B | €147 | €316 | ▲ 115% |
| Recurring financial charges65 | €147 | €316 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | -€1,111 | €14,403 | - |
| Income taxes67/77 | - | €3,017 | - |
| Profit (loss) for the period9904 | -€1,111 | €11,386 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,111 | €11,386 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €46,390 | €57,899 | ▲ 24.8% |
| Fixed assets21/28 | €23,320 | €19,514 | ▼ 16.3% |
| Tangible fixed assets22/27 | €23,320 | €19,514 | ▼ 16.3% |
| Plant, machinery and equipment23 | €15,299 | €19,514 | ▲ 27.5% |
| Furniture and vehicles24 | €8,021 | - | - |
| Current assets29/58 | €23,070 | €38,385 | ▲ 66.4% |
| Amounts receivable within one year40/41 | €22,687 | €37,833 | ▲ 66.8% |
| Trade receivables40 | €18,641 | €21,192 | ▲ 13.7% |
| Other amounts receivable41 | €4,047 | €16,642 | ▲ 311% |
| Cash at bank and in hand54/58 | €135 | €124 | ▼ 8.3% |
| Deferred charges and accrued income490/1 | €248 | €428 | ▲ 72.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €46,390 | €57,899 | ▲ 24.8% |
| Equity10/15 | €1,389 | €11,925 | ▲ 759% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | - | €9,425 | - |
| Distributable reserves133 | - | €9,425 | - |
| Profit (loss) carried forward14 | -€1,111 | - | - |
| Amounts payable17/49 | €45,001 | €45,974 | ▲ 2.2% |
| Amounts payable within one year42/48 | €45,001 | €45,974 | ▲ 2.2% |
| Trade debts44 | €16,968 | €21,388 | ▲ 26.1% |
| Suppliers440/4 | €16,968 | €21,388 | ▲ 26.1% |
| Taxes, remuneration and social security45 | €2,904 | €4,611 | ▲ 58.8% |
| Taxes450/3 | - | €3,445 | - |
| Remuneration and social security454/9 | €2,904 | €1,166 | ▼ 59.8% |
| Other amounts payable47/48 | €25,130 | €19,975 | ▼ 20.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,111 | €11,386 | - |
| + Depreciation and write-downs630 | €2,713 | €3,807 | ▲ 40.3% |
| Operating cash flow (approximation) | €1,601 | €15,193 | ▲ 849% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€11 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-05-2026 | 2026-00122621 |
| 30-09-2024 | micro format | 05-02-2026 | 2026-00034813 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| WOUTERS Patrick |
|
Owners and capital
Capital and shareholders
- WOUTERS Patrick 25 shares (100%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 07-09-2023 Incorporation · €2,500 · 25 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-09
Gazette deed
IncorporationAppointment: WOUTERS Patrick (director) · Founder · Founding capital6 facts ▸
- Incorporation, 04-09-2023
- Founder, WOUTERS Patrick
- Founding capital, €2,500
- Registered office clause, “3391 Tielt-Winge (Meensel-Kiezegem),Wersbeekstraat 76” (deed in Dutch)
- Director appointment, WOUTERS Patrick (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0805.506.806
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24067C0256/00P000 | Flanders | 1,510 m² | 1 · 136 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Grondwerken in de ruimste zin van het woord waaronder het uitgraven van kelders en het bouw klaar maken van bouwgronden; Afbraakwerken in de…” (deed in Dutch)
12 activities (deed in Dutch)
- Grondwerken in de ruimste zin van het woord waaronder het uitgraven van kelders en het bouw klaar maken van bouwgronden
- Afbraakwerken in de ruimste zin van het woord.
- Aanleggen van paardenpistes.
- Landbouwwerken in de ruimste zin van het woord waaronder het ploegen van landbouwgronden,het maaien en keren van hooi en het bezaaien en onderhouden van landbouwgronden.
- Tuinbouwwerken in de ruimste zin van het woord waaronder het aanleggen van gazons,het aanplanten van hagen en bomen en het aanleggen van paden in diverse materialen.
- Klinkerwerken in de ruimste zin van het woord.
- Wegeniswerken en werken van openbaar nut in de ruimste zin van het woord.
- Planning,opvolgen en coördinatie van de werken op bouwwerven in de ruimste zin van het woord.
- Het aan- en verkopen,huren en verhuren,beheren en renoveren van onroerende goederen voor eigen beheer.
- De vennootschap mag alle financiële,industriële of commerciële verrichtingen,zowel roerende als onroerende,zowel voor eigen rekening als voor rekening van derden,uitvoeren die rechtstreeks of onrechtstreeks met het voornoemd voorwerp verband houden,of welke van aard zijn de uitbreiding of de verwezenlijking ervan te bevorderen of te vergemakkelijken.
- De vennootschap zal zich mogen interesseren door middel van inbreng,fusie,deelname,overname of anderszins,in alle bestaande of op te richten vennootschappen of ondernemingen,zowel in België als in het buitenland,die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in innig verband met het hare staat.
- Het uitoefenen van de functies van lasthebber,bestuurder,zaakvoerder of vereffenaar van andere vennootschappen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PW-Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Alle machten teneinde op authentieke wijze de eventuele statutenwijziging die eruit voortvloeit te doen vaststellen, Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur;statutair bestuurder mogelijk indien benoemd in statuten;algemene vergadering bepaalt aantal,duur…” (deed in Dutch)“1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of December at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere benoemd, recht een of meerdere vereffenaars aan te…” (deed in Dutch)