PWL Construct
ActivePWL Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268k and a net result of €58k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 1188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+79
Solvency30▼-6
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 0.94 in 2024), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.2%
Return on assets
4.8%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
27 d early
2022
117 d early
2021
10 d early
2020
23 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€268k▲ 27.4%
2024 · €210k
2019: €46k
2020: €47k
2021: €37k
2022: €123k
2023: €202k
2024: €210k
2019 → 2025
Total assets
€1.21M▲ 44.0%
2024 · €839k
2019: €638k
2020: €908k
2021: €1.03M
2022: €582k
2023: €915k
2024: €839k
2019 → 2025
Net result
€58k▲ 565%
2024 · €9k
2019: €40k
2020: €992
2021: €-9k
2022: €85k
2023: €79k
2024: €9k
2019 → 2025
Working capital
€-23k▲ 42.3%
2024 · €-39k
2019: €34k
2020: €41k
2021: €24k
2022: €107k
2023: €49k
2024: €-39k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€123k▲ 228%€202k▲ 64.6%€210k▲ 4.3%€268k▲ 27.4%
Operating result€3k-€119k▲ 4,380%€97k▼ 18.4%€13k▼ 86.4%€52k▲ 293%
Net result€-9k-€85k€79k▼ 7.0%€9k▼ 89.1%€58k▲ 565%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 293% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€291k▲ 16.4%
Current assets
€917k▲ 55.8%
Equity and liabilities €1.21M
Equity
€268k▲ 27.4%
Debt
€940k▲ 49.6%
The debt ratio rises from 74.9% to 77.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€160k▲
2024 · €98k
Cash flow
€166k▲
2024 · €94k
Solvency
22.2%▼
2024 · 25.1%
Current ratio
0.98▲
2024 · 0.94
Quick ratio
0.83▲
2024 · 0.71
Debt / equity
3.50▲
2024 · 2.98
ROE
21.5%▲
2024 · 4.1%
ROA
4.8%▲
2024 · 1.0%
Interest coverage
-28.25▼
2024 · 294.40
Debt
€940k▲
2024 · €628k
Debt ≤ 1 year
€940k▲
2024 · €628k
Income taxes
€0▼
2024 · €5k
Staff costs
€281k▼
2024 · €364k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€839k€1.21M▲
Fixed assets21/28€250k€291k▲
Tangible fixed assets22/27€234k€275k▲
Plant, machinery and equipment23€80k€57k▼
Furniture and vehicles24€155k€218k▲
Financial fixed assets28€16k€16k=
Current assets29/58€589k€917k▲
Stocks and contracts in progress3€140k€140k=
Contracts in progress37€140k€140k=
Amounts receivable within one year40/41€389k€734k▲
Trade receivables40€360k€577k▲
Other amounts receivable41€29k€157k▲
Cash at bank and in hand54/58€60k€41k▼
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€839k€1.21M▲
Equity10/15€210k€268k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€190k€248k▲
Amounts payable17/49€628k€940k▲
Amounts payable within one year42/48€628k€940k▲
Trade debts44€194k€355k▲
Suppliers440/4€194k€355k▲
Taxes, remuneration and social security45€39k€24k▼
Taxes450/3€6k€780▼
Remuneration and social security454/9€33k€23k▼
Other amounts payable47/48€395k€560k▲
Income statement
Code20242025
Remuneration, social security and pensions62€364k€281k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€109k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€466k€443k▼
Operating profit (loss)9901€13k€52k▲
Financial income75/76B€356€197▼
Recurring financial income75€356€197▼
Financial charges65/66B€334€-6k▼
Recurring financial charges65€334€-6k▼
Profit (loss) for the period before taxes9903€13k€58k▲
Income taxes67/77€5k€0▼
Profit (loss) for the period9904€9k€58k▲
Profit (loss) for the period to be appropriated9905€9k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€190k€248k▲
Profit (loss) brought forward from the previous period14P€181k€190k▲
Social balance
Average headcount (FTE)90878.16.4▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €200kEq €202k ▲64.6%
2 profitable years in a row build equity to €202k.
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
30-06
Financial
Equity above €100kEq €123k ▲228%
Equity rises from €37k to €123k.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-9k ▼1045%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Varidans
CurrentDirector · since 06-06-2023 · Private limited company · perm. rep.: LAEREMANS Wim Jozef
Willemse Investment BV
CurrentDirector · since 06-06-2023 · Legal entity · perm. rep.: WILLEMSE Petrus Josef Gerardus
06-06-2023
Varidans: Appointed as Director
06-06-2023
Willemse Investment BV: Appointed as Director
Location & real-estate footprint
Registered office, Herselt · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dieperstraat 1102230 HerseltGround area
1,124 m²
Building footprint
254 m²
Volume, LiDAR
1,181 m³
Parcel 13392L0397/00E002, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dieperstraat 110, 2230 Herselt
since 20172.260.734.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392L0397/00E002 | Flanders | 1,124 m² | 1 · 253 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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HORTUS GANDA
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Compagno
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DUMAY OLIVIER
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Of 21,155 companies in sector 81300 we hold annual accounts for 4,344. 3,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2017
Fiscal year end30-06
Activities, NACEBEL
81300Landscape service activities
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.