SORWA CONSTRUCT
ActiveThe 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 has been growing by about 7.3% per year since 2019. Its solvency ranks better than 52% of 2,445 sector peers (NACE 43, financial year 2025).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-11-2010 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Roofing work NACE 43410and 5 others
- Establishment units
- 2.193.867.212 1480 Tubize, since 01-12-2010
- 2.289.133.484 1480 Tubize, since 09-04-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 10-12-2025
Board and ownership
- AGARWA LtdDirector · since 21-02-2020
- WAUTIER GérardDirector · since 21-02-2020
- ARGAWA LTDconsolidatesannual accounts 30-09-2020
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €575,020
- ▼ 14.0%
- Turnover
- ≈ €1.6m
- estimated
- Profit
- €24,760
- ▲ 20.4%
- Equity
- €447,664
- ▲ 5.9%
- Total assets
- €1.0m
- ▲ 9.4%
- Staff
- 7 FTE
- =
Score breakdownraises riskJudicial reorganisation on record (2 publications, latest 26-02-2021)1 of the last 3 accounts latelowers riskLiquidity: current ratio 1.79, cash €330,357Founded in 2010Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 47% of them on solvency, 62% on liquidity, 30% on profitability and 48% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 30-04-2026 PDF all 15 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,409 | €15,393 | €71,745 | €895 | €7,271 |
| Financial fixed assets | €4,850 | - | €5,000 | - | €9,730 |
| Depreciation and write-downs of the year | €33,630 | €26,077 | €20,653 | €19,497 | €18,090 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SORWA CONSTRUCT: roofing work (NACE 43410). They are comparable in size and age: total assets between €824,000 and €1.2m, founded between 2003 and 2013.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SORWA CONSTRUCT Tubize | 2010 | €1.0m | €0.4m | €0.6m | €0.02m | 7 | 2025 |
| TOITURES HORLEZ Pepinster | 2009 | €1.1m | €0.7m | €0.6m | €0.1m | 7.8 | 2025 |
| Dakwerken H-VM Lille | 2013 | €1.0m | €0.8m | €0.7m | €0.005m | 7.6 | 2025 |
| TOITURE DEGREEF Tubize | 2012 | €1.2m | €0.3m | €0.7m | €0.002m | 8.8 | 2025 |
| BMO Toiture Rixensart | 2010 | €0.8m | €0.6m | €0.7m | €0.2m | 5.4 | 2025 |
| L'ARDOISIERE Seneffe | 2003 | €0.9m | €0.2m | €0.5m | €0.03m | 7.6 | 2025 |
| RIETEN DAKEN LAMBRECHT Waregem | 2010 | €1.1m | €0.2m | €0.7m | €0.1m | 5.7 | 2025 |
They were chosen from the 4,255 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 10,904 companies had the same profile as SORWA CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 95.2% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
The bankruptcy probability of SORWA CONSTRUCT itself is higher: 1.0% within 12 months. It rests on far more data about SORWA CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,445 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 SORWA 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €244,350 | €330,163 | €411,296 | €531,470 | €465,738 | ▼ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,037 | €27,903 | €33,630 | €26,077 | €20,653 | €19,497 | €18,090 | ▼ 7.2% |
| Other operating charges640/8 | - | - | €4,109 | €245,599 | €100,741 | €66,474 | €8,756 | ▼ 86.8% |
| Non-recurring operating charges66A | - | - | - | - | €68 | - | €30,973 | - |
| Gross operating margin9900 | €427,288 | €365,843 | €356,844 | €614,605 | €664,213 | €668,506 | €575,020 | ▼ 14.0% |
| Operating profit (loss)9901 | €63,012 | €20,656 | €74,755 | €12,766 | €131,454 | €51,065 | €51,462 | ▲ 0.8% |
| Financial income75/76B | - | - | €5 | €321 | €2,959 | €2,097 | €4,121 | ▲ 96.5% |
| Recurring financial income75 | €0 | €6,683 | €5 | €321 | €2,959 | €2,097 | €4,121 | ▲ 96.5% |
| Financial charges65/66B | - | - | €27,837 | €8,765 | €27,710 | €17,648 | €14,342 | ▼ 18.7% |
| Recurring financial charges65 | €9,853 | €22,126 | €27,837 | €8,765 | €27,710 | €17,648 | €14,342 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | €53,159 | €5,212 | €46,924 | €4,321 | €106,703 | €35,514 | €41,241 | ▲ 16.1% |
| Income taxes67/77 | €19,384 | - | €16,300 | -€14,562 | €44,234 | €14,958 | €16,481 | ▲ 10.2% |
| Profit (loss) for the period9904 | €33,775 | -€19,788 | €30,624 | €18,884 | €62,469 | €20,556 | €24,760 | ▲ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €33,775 | -€19,788 | €30,624 | €18,884 | €62,469 | €20,556 | €24,760 | ▲ 20.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.2m | €1.2m | €1.1m | €1.1m | €0.9m | €1.0m | ▲ 9.4% |
| Fixed assets21/28 | €0.07m | €0.04m | €0.04m | €0.03m | €0.09m | €0.07m | €0.07m | ▼ 8.3% |
| Tangible fixed assets22/27 | €0.06m | €0.04m | €0.04m | €0.03m | €0.08m | €0.06m | €0.04m | ▼ 26.6% |
| Plant, machinery and equipment23 | - | - | €0.002m | €0.005m | €0.003m | €0.002m | €0.001m | ▼ 44.7% |
| Furniture and vehicles24 | - | - | €0.001m | €0.01m | €0.07m | €0.06m | €0.04m | ▼ 26.0% |
| Leasing and similar rights25 | - | - | €0.03m | €0.01m | €0 | €0 | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0.008m | €0.008m | €0.01m | €0.01m | €0.02m | ▲ 77.5% |
| Current assets29/58 | €1.3m | €1.2m | €1.2m | €1.0m | €1.0m | €0.9m | €1.0m | ▲ 10.8% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | ▼ 1.7% |
| Stocks30/36 | - | - | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | ▼ 1.7% |
| Amounts receivable within one year40/41 | €1.1m | €1.0m | €1.1m | €0.7m | €0.6m | €0.4m | €0.6m | ▲ 34.1% |
| Trade receivables40 | - | - | €0.9m | €0.7m | €0.6m | €0.4m | €0.5m | ▲ 23.5% |
| Other amounts receivable41 | - | - | €0.1m | €0.02m | €0.01m | - | €0.05m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.007m | €0.04m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 14.6% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | - | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €1.2m | €1.1m | €1.1m | €0.9m | €1.0m | ▲ 9.4% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 7.8% |
| Amounts payable17/49 | €1.1m | €0.9m | €0.9m | €0.7m | €0.7m | €0.5m | €0.6m | ▲ 12.2% |
| Amounts payable after more than one year17 | €0.04m | €0.04m | €0.4m | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 67.8% |
| Financial debts170/4 | - | - | €0.02m | €0.008m | €0.008m | - | - | - |
| Other amounts payable178/9 | - | - | €0.4m | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 67.8% |
| Amounts payable within one year42/48 | €1.0m | €0.9m | €0.5m | €0.5m | €0.4m | €0.4m | €0.5m | ▲ 40.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.01m | €0.003m | €0.003m | - | - |
| Financial debts43 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.8m | €0.6m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 113% |
| Suppliers440/4 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 113% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.1m | €0.1m | €0.05m | €0.07m | ▲ 34.8% |
| Taxes450/3 | - | - | €0.03m | €0.02m | €0.02m | €0.007m | €0.002m | ▼ 65.5% |
| Remuneration and social security454/9 | - | - | €0.09m | €0.09m | €0.1m | €0.04m | €0.06m | ▲ 50.8% |
| Other amounts payable47/48 | - | - | €0.01m | €0.01m | €0.003m | €0.003m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,775 | -€19,788 | €30,624 | €18,884 | €62,469 | €20,556 | €24,760 | ▲ 20.4% |
| + Depreciation and write-downs630 | €40,037 | €27,903 | €33,630 | €26,077 | €20,653 | €19,497 | €18,090 | ▼ 7.2% |
| Operating cash flow (approximation) | €73,812 | €8,116 | €64,254 | €44,961 | €83,122 | €40,053 | €42,850 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | -€1,190 | -€35,259 | -€17,293 | -€76,745 | -€895 | -€12,180 | ▼ 1,261% |
| Change in cash | - | -€21,136 | €35,311 | €237,902 | €53,609 | €53,525 | -€56,595 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 30-04-2026 | 2026-00099070 | |
| 30-09-2024 | full format | 11-06-2025 | 2025-00137301 | |
| 30-09-2023 | full format | 03-05-2024 | 2024-00080566 | |
| 30-09-2022 | full format | 22-05-2023 | 2023-00092663 | |
| 30-09-2021 | full format | 20-06-2022 | 2022-20082853 | |
| 30-09-2020 | full format | 15-09-2021 | 2021-67300302 | |
| 30-09-2019 | full format | 20-05-2020 | 2020-12600305 | |
| 30-09-2018 | full format | 25-04-2019 | 2019-10500580 | |
| 30-09-2017 | full format | 30-03-2018 | 2018-08600011 | |
| 30-09-2016 | full format | 24-04-2017 | 2017-09800041 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- ARGAWA LTDRW
- SORWA CONSTRUCT
Owners 1
- ARGAWA LTDRWconsolidating parentconsolidates
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AGARWA Ltd |
|
| WAUTIER Gérard |
|
Network & group
Companies at the same address
16 other companies- RATOBLAST Registered office · since 2023 0798435209
- Association des copropriétaires de la "Résidence Parc d'activité économique de Tubize II" à 1480 Tubize, avenue Léon Champagne, 2 Registered office · since 2019 0736499323
- SHANT BIOTECH Registered office · since 2017 0680795389
- MY HOME SERVICE Establishment · since 2016 0659664138
- TARADON PRODUCTION Registered office · since 2016 0646828662
- H.S. TEAM Establishment · since 2011 0831746789
- AUSTERLITZ Registered office · since 2010 0830937632
- TARADON LABORATORY Registered office · since 2009 0807944078
- ACCOMPAGNEMENT SERVICES FACILITIES Registered office · since 2003 0859621720
- VOCABASE Registered office · since 2001 0475517160
Connections & network
2 current directorsThe network starts from the directors of SORWA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-03
Gazette deed
Resignations: WAUTIER Gérard (director) and AGARWA Ltd (director)Appointments: WAUTIER Gérard (director) and AGARWA Ltd (director) · Director discharge7 points ▸
- General meeting, 24-02-2020
- Director resignation, WAUTIER Gérard (director)
- Director resignation, AGARWA Ltd (director)
- Director discharge, WAUTIER Gérard (director)
- Director discharge, AGARWA Ltd (director)
- Director appointment, WAUTIER Gérard (director)
- Director appointment, AGARWA Ltd (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0830.944.461
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
25 categories- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
- D General building contractsclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D8 Asphalt and similar roof coverings, waterproofingclass 3, up to €600,000
- D12 Non-metal, non-asphalt roof coveringsclass 3, up to €600,000
- D21 Cleaning and restoring facadesclass 1, up to €162,000
- D22 Metal roofing and zinc workclass 1, up to €162,000
Show all 25 categories
- D23 Restoration by craftsmenclass 1, up to €162,000
- D24 Restoration of monumentsclass 1, up to €162,000
- F General steel construction contractsclass 1, up to €162,000
- F1 Assembly and dismantling (without supplies)class 1, up to €162,000
- F2 Steel load-bearing structuresclass 1, up to €162,000
- F3 Industrial paintingclass 1, up to €162,000
- G4 Special surfaces for sports groundsclass 1, up to €162,000
- N General contracts for transport installations in buildingsclass 1, up to €162,000
- N1 Lifts, goods lifts, escalators and moving walkwaysclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 3, up to €600,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
- P3 Overhead power linesclass 1, up to €162,000
- P4 Electrical installations of port facilitiesclass 1, up to €162,000
- S General telecoms and data management contractsclass 1, up to €162,000
- S1 Public telephone and telegraph equipmentclass 1, up to €162,000
- S2 Remote control, monitoring and meteringclass 1, up to €162,000
- S3 Radio and television transmission, radar and antennasclass 1, up to €162,000
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25105A0516/00B000 | Wallonia | 8,099 m² | 1 · 1,727 m² | - |
| 25097C0563/00V000 | Wallonia | 4,171 m² | 1 · 1,043 m² | 10.9 m · 3 |