S. BODARWE
ActiveSummary
S. BODARWE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-40
Solvency24▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.38 against 1.36 in 2024; short-term debt: 68.5% and cash: 47% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.7%
Return on assets
-16.1%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d early
2023
34 d early
2022
2 d late
2021
2 d early
2020
2 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€41k
2022 · €0
2018: €0lowest value
2019: €0lowest value
2022: €0lowest value
2025: €41khighest value
2018 → 2025
EBIT margin
-120.9%
Net result
€-55k▼ 625%
2024 · €-8k
2018: €-7k
2019: €37k▲ +601% vs 2018highest in 8 years
2020: €-12k▼ -132% vs 2019
2021: €24k▲ +299% vs 2020
2022: €34k▲ +43.1% vs 2021
2023: €-18k▼ -153% vs 2022
2024: €-8k▲ +57.9% vs 2023
2025: €-55k▼ -625% vs 2024lowest in 8 years
2018 → 2025
Working capital
€90k▼ 5.3%
2024 · €95k
2018: €-28klowest in 8 years
2019: €13k▲ +147% vs 2018
2020: €5k▼ -59.6% vs 2019
2021: €27k▲ +397% vs 2020
2022: €11k▼ -57.4% vs 2021
2023: €94k▲ +733% vs 2022
2024: €95k▲ +0.8% vs 2023highest in 8 years
2025: €90k▼ -5.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€41k
2022: €0
2025: €41k
Equity€32k-€66k▲ 107%€60k▼ 8.6%€53k▼ 12.6%€-2k
2021: €32k
2022: €66k▲ +107% vs 2021highest in 5 years
2023: €60k▼ -8.6% vs 2022
2024: €53k▼ -12.6% vs 2023
2025: €-2k▼ -104% vs 2024lowest in 5 years
Operating result€29k-€46k▲ 61.1%€-1k€-2k▼ 15.2%€-49k▼ 2,782%
2021: €29k
2022: €46k▲ +61.1% vs 2021highest in 5 years
2023: €-1k▼ -103% vs 2022
2024: €-2k▼ -15.2% vs 2023
2025: €-49k▼ -2782% vs 2024lowest in 5 years
Net result€24k-€34k▲ 43.1%€-18k€-8k▲ 57.9%€-55k▼ 625%
2021: €24k
2022: €34k▲ +43.1% vs 2021highest in 5 years
2023: €-18k▼ -153% vs 2022
2024: €-8k▲ +57.9% vs 2023
2025: €-55k▼ -625% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343k
Fixed assets
€18k ▼ 75.5%
Current assets
€325k ▼ 9.8%
Key figures and ratios
EBITDA
€-33k▼
2024 · €17k
Cash flow
€-39k▼
2024 · €11k
Solvency
-0.7%▼
2024 · 12.2%
Current ratio
1.38▲
2024 · 1.36
Quick ratio
0.79▲
2024 · 0.27
ROA
-16.1%▼
2024 · -1.8%
Interest coverage
-6.00▼
2024 · 2.83
Debt
€346k▼
2024 · €381k
Debt ≤ 1 year
€235k▼
2024 · €265k
Debt > 1 year
€111k▼
2024 · €116k
Income taxes
€425▲
2024 · €0
Staff costs
€6k▲
2024 · €3k
A ratio outside any meaningful range has been withheld (balance sheet total €343k, equity €-2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€434k€343k▼
Fixed assets21/28€73k€18k▼
Tangible fixed assets22/27€73k€18k▼
Land and buildings22€41k€0▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€25k€13k▼
Current assets29/58€360k€325k▼
Stocks and contracts in progress3€288k€140k▼
Stocks30/36€288k€140k▼
Amounts receivable within one year40/41€9k€13k▲
Trade receivables40€9k€8k▼
Other amounts receivable41€0€5k▲
Cash at bank and in hand54/58€48k€161k▲
Deferred charges and accrued income490/1€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€434k€343k▼
Equity10/15€53k€-2k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€34k€-21k▼
Amounts payable17/49€381k€346k▼
Amounts payable after more than one year17€116k€111k▼
Financial debts170/4€116k€111k▼
Amounts payable within one year42/48€265k€235k▼
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€414€1k▲
Suppliers440/4€414€1k▲
Taxes, remuneration and social security45€17k€7k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€13k€2k▼
Other amounts payable47/48€246k€227k▼
Income statement
Code20242025
Turnover70-€41k
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61-€49k
Remuneration, social security and pensions62€3k€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€16k▼
Other operating charges640/8€1k€21k▲
Gross operating margin9900€21k€-6k▼
Operating profit (loss)9901€-2k€-49k▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-8k€-55k▼
Income taxes67/77€0€425▲
Profit (loss) for the period9904€-8k€-55k▼
Profit (loss) for the period to be appropriated9905€-8k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€-21k▼
Profit (loss) brought forward from the previous period14P€42k€34k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | €41k | - |
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | €49k | - |
| Remuneration, social security and pensions62 | - | - | - | €3k | €6k | ▲ 130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €15k | €18k | €16k | ▼ 12.4% |
| Other operating charges640/8 | €690 | €1k | €6k | €1k | €21k | ▲ 1,941% |
| Gross operating margin9900 | €31k | €51k | €19k | €21k | €-6k | ▼ 128% |
| Operating profit (loss)9901 | €29k | €46k | €-1k | €-2k | €-49k | ▼ 2,782% |
| Financial income75/76B | €114 | €30 | - | - | - | - |
| Recurring financial income75 | €114 | €30 | - | - | - | - |
| Financial charges65/66B | €44 | €43 | €17k | €6k | €6k | ▼ 6.6% |
| Recurring financial charges65 | €44 | €43 | €17k | €6k | €6k | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €29k | €46k | €-18k | €-8k | €-55k | ▼ 620% |
| Income taxes67/77 | €5k | €12k | €0 | €0 | €425 | - |
| Profit (loss) for the period9904 | €24k | €34k | €-18k | €-8k | €-55k | ▼ 625% |
| Profit (loss) for the period to be appropriated9905 | €24k | €34k | €-18k | €-8k | €-55k | ▼ 625% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290k | €227k | €464k | €434k | €343k | ▼ 20.9% |
| Fixed assets21/28 | €5k | €55k | €89k | €73k | €18k | ▼ 75.5% |
| Tangible fixed assets22/27 | €5k | €55k | €89k | €73k | €18k | ▼ 75.5% |
| Land and buildings22 | €0 | €45k | €43k | €41k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €4k | €6k | €8k | €7k | €5k | ▼ 29.7% |
| Furniture and vehicles24 | €936 | €4k | €37k | €25k | €13k | ▼ 47.4% |
| Current assets29/58 | €285k | €172k | €375k | €360k | €325k | ▼ 9.8% |
| Stocks and contracts in progress3 | €129k | €0 | €230k | €288k | €140k | ▼ 51.3% |
| Stocks30/36 | €129k | €0 | €230k | €288k | €140k | ▼ 51.3% |
| Amounts receivable within one year40/41 | €4k | €49k | €13k | €9k | €13k | ▲ 51.8% |
| Trade receivables40 | €359 | €41k | €3k | €9k | €8k | ▼ 7.7% |
| Other amounts receivable41 | €3k | €8k | €10k | €0 | €5k | - |
| Cash at bank and in hand54/58 | €151k | €121k | €109k | €48k | €161k | ▲ 239% |
| Deferred charges and accrued income490/1 | €1k | €1k | €22k | €16k | €11k | ▼ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290k | €227k | €464k | €434k | €343k | ▼ 20.9% |
| Equity10/15 | €32k | €66k | €60k | €53k | €-2k | ▼ 104% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Reserves13 | €0 | - | - | - | - | - |
| Distributable reserves133 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | €26k | €60k | €42k | €34k | €-21k | ▼ 161% |
| Amounts payable17/49 | €259k | €160k | €403k | €381k | €346k | ▼ 9.3% |
| Amounts payable after more than one year17 | - | - | €123k | €116k | €111k | ▼ 4.5% |
| Financial debts170/4 | - | - | €123k | €116k | €111k | ▼ 4.5% |
| Amounts payable within one year42/48 | €259k | €160k | €280k | €265k | €235k | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | - | - | €21k | €2k | €0 | ▼ 100% |
| Trade debts44 | €3k | €7k | €1k | €414 | €1k | ▲ 149% |
| Suppliers440/4 | €3k | €7k | €1k | €414 | €1k | ▲ 149% |
| Taxes, remuneration and social security45 | €909 | €0 | €4k | €17k | €7k | ▼ 59.7% |
| Taxes450/3 | €909 | €0 | €4k | €5k | €5k | ▲ 11.8% |
| Remuneration and social security454/9 | - | - | - | €13k | €2k | ▼ 87.2% |
| Other amounts payable47/48 | €254k | €153k | €255k | €246k | €227k | ▼ 7.6% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €34k | €-18k | €-8k | €-55k | ▼ 625% |
| + Depreciation and write-downs630 | €2k | €3k | €15k | €18k | €16k | ▼ 12.4% |
| Operating cash flow (approximation) | €26k | €38k | €-3k | €11k | €-39k | ▼ 461% |
| Investment in fixed assets (approximation) | - | €-53k | €-49k | €-3k | €39k | ▲ 1,370% |
| Change in cash | - | €-30k | €-12k | €-61k | €114k | ▲ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.67 to 1.34; short-term debt falls from €84k to €39k.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 2015
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.
Rue S. Deloye 34102 Seraing1 establishment unit
S.BODARWE
since 20152.244.877.631
Similar companies · same sector, comparable size
BVT Projects
BE 0787.886.854
Opwijk · Eq €52,858
GEERT ADRIAENSEN
BE 0478.136.952
Beerse · Eq €52,865
GIMI CONSTRUCT
BE 0804.747.335
Kraainem · Eq €52,818
B.I.G BUILDING
BE 0792.443.676
Drogenbos · Eq €52,805
Thomas Curez
BE 0767.777.665
Seneffe · Eq €52,795
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,119 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2015
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.