SORWA CONSTRUCT

Active

Public limited companyfounded 2010active for 15 yearsAvenue Léon Champagne 2, 1480 Tubize, Belgium17 active companies are registered at this addressKBO/BCE: BE 0830.944.461

The file of SORWA CONSTRUCT contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 1.0% (low). The 2025 annual accounts show equity of €447,664 and a net result of €24,760. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 52% of 2,435 sector peers (NACE 43, financial year 2025).

Risk analysisFollow Report Compare

SORWA CONSTRUCTActiveChecked score 67/100

Risk analysis Report Compare

Activity

Roofing work

NACE 43410

6th largest company by equity in Tubize, Construction sector2 sites

Size

€1.0mtotal assets 2025

Staff: 7 FTE
Equity: €447,664
Profit: €24,760

Financial health

67 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

Parent: ARGAWA LTD

2025 accounts on time11 deeds in the Belgian Official Gazette

Why 67raises riskJudicial reorganisation on record (2 publications, latest 26-02-2021)1 of the last 3 latelowers riskLiquidity: current ratio 1.79, cash €330,357Founded in 2010Show the evidence

Checked score

Score 2025

67 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 47% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 69-1

equity 43.6% of total assets

Liquidity 64-17

short-term debt 52.2% · cash 32.1%

Profitability 62+7

return on assets 2.4%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,640 companies, NACE 43, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.7%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.9%▲ +0.2 percentage points vs 02-2025 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.8%▲ +0.8 percentage points vs 04-2025 06-2025: 2.1%▲ +0.3 percentage points vs 05-2025highest value 07-2025: 1.2%▼ -0.9 percentage points vs 06-2025 08-2025: 1.2%● unchanged vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.1%▼ -0.1 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.0%▼ -0.1 percentage points vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%▲ +0.8 percentage points vs 04-2026 06-2026: 1.0%▼ -0.9 percentage points vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026

Credit of up to €25,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file

Liquidity ample (current ratio 1.79, compared with 2.27 in 2024, above the usual 1.5; short-term debt: 52.2% and cash: 32.1% of total assets), but 56.4% of the assets are financed with debt and provisions.

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 43, micro): better than 47% on solvency, 62% on liquidity, 30% on profitability and 48% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Five signals.

lowers riskraises riskneutral

Judicial reorganisation on record (2 publications, latest 26-02-2021)

Belgian Official Gazette

Liquidity: current ratio 1.79, cash €330,357

NBB · annual accounts

1 of the last 3 late

NBB · filings

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

42 days late

2023

3 days late

2022

22 days late

2021

51 days late

2020

138 days late

2019

20 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 39 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end27-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-04-2026 Annual accounts filedfinancial year 2025 · full…
11-06-2025 Annual accounts filedfinancial year 2024 · full…
03-05-2024 Annual accounts filedfinancial year 2023 · full…

Key points

Positive: 6th largest company by equity in Tubize, Construction sectorin the Checked rankings No. 6 View
Controlled by ARGAWA LTD parent View
Positive: 5 profitable years in a rowprofit 2025: €24,760 5 years View

By topic

Financials

Financial year: 2025
Total assets: €1.0m
Profit: €24,760
Solvency: 43.6%

Total assets▲ 9.4%

Net result

20192025

Go to Financials

Board & ownership

Parent: ARGAWA LTD

Go to Board & ownership

Timeline

Events: 20
Since: 2012
Next accounts: by 30-04-2027

30-09-2023Highest result from 2019 to 2025
22-05-2023Annual accounts filed
20-06-2022Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Public limited company
Activity: Roofing workNACE 43410
Founded: 08-11-2010
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Key facts about SORWA CONSTRUCT

What is the company number of SORWA CONSTRUCT?: 0830.944.461. In Belgium the VAT number is the company number with BE in front: BE 0830.944.461.
Where is SORWA CONSTRUCT based?: The registered office is at Avenue Léon Champagne 2, 1480 Tubize.Company details
What does SORWA CONSTRUCT do?: According to the KBO register, the main activity is roofing work (NACE 43410).
What is the legal form of SORWA CONSTRUCT?: Public limited company (NV).
When was SORWA CONSTRUCT founded?: On 08-11-2010.
Is SORWA CONSTRUCT still active?: Yes, SORWA CONSTRUCT is an active enterprise in the KBO register.
How many employees does SORWA CONSTRUCT have?: On average 7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SORWA CONSTRUCT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SORWA CONSTRUCT profitable?: In financial year 2025, SORWA CONSTRUCT made a profit of €24,760.
Where can I find the annual accounts of SORWA CONSTRUCT?: SORWA CONSTRUCT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SORWA CONSTRUCT due?: By 30-04-2027, for financial year 2026.Timeline