SOWA
ActiveSOWA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €671k and a net result of €36k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 2025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-51
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 3.32 in 2024), and 26.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
73.8%
Return on assets
4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
59 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
61 d late
2019
75 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▼ 63.7%
2024 · €99k
2018: €120k
2019: €73k
2020: €36k
2021: €3k
2022: €80k
2023: €62k
2024: €99k
2018 → 2025
Working capital
€589k▲ 2.9%
2024 · €573k
2018: €286k
2019: €350k
2020: €367k
2021: €369k
2022: €473k
2023: €502k
2024: €573k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€393k-€473k▲ 20.3%€536k▲ 13.2%€635k▲ 18.6%€671k▲ 5.7%
Operating result€5k-€114k▲ 1,971%€89k▼ 21.2%€138k▲ 54.2%€47k▼ 65.9%
Net result€3k-€80k▲ 2,727%€62k▼ 22.0%€99k▲ 59.6%€36k▼ 63.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €910k
Fixed assets
€84k▲ 33.9%
Current assets
€826k▲ 0.8%
Equity and liabilities €910k
Equity
€671k▲ 5.7%
Debt
€239k▼ 3.4%
The debt ratio falls from 28.0% to 26.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€72k▼
2024 · €158k
Cash flow
€62k▼
2024 · €120k
Solvency
73.8%▲
2024 · 72.0%
Current ratio
3.49▲
2024 · 3.32
Quick ratio
3.47▲
2024 · 3.31
Debt / equity
0.36▼
2024 · 0.39
ROE
5.4%▼
2024 · 15.7%
ROA
4.0%▼
2024 · 11.3%
Interest coverage
12.37▼
2024 · 30.53
Debt
€239k▼
2024 · €247k
Debt ≤ 1 year
€237k▼
2024 · €247k
Income taxes
€16k▼
2024 · €43k
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€882k€910k▲
Fixed assets21/28€63k€84k▲
Tangible fixed assets22/27€58k€79k▲
Land and buildings22-€33k
Plant, machinery and equipment23€22k€20k▼
Furniture and vehicles24€36k€26k▼
Financial fixed assets28€5k€5k=
Current assets29/58€820k€826k▲
Amounts receivable after more than one year29€260k€260k=
Other amounts receivable291€260k€260k=
Stocks and contracts in progress3€1k€4k▲
Stocks30/36€1k€4k▲
Amounts receivable within one year40/41€467k€509k▲
Trade receivables40€226k€207k▼
Other amounts receivable41€241k€302k▲
Cash at bank and in hand54/58€88k€49k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€882k€910k▲
Equity10/15€635k€671k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€574k€610k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€563k€599k▲
Amounts payable17/49€247k€239k▼
Amounts payable within one year42/48€247k€237k▼
Current portion of amounts payable after more than one year42€78k€88k▲
Trade debts44€162k€142k▼
Suppliers440/4€162k€142k▼
Taxes, remuneration and social security45€7k€7k=
Remuneration and social security454/9€7k€7k=
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€25k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€161k€76k▼
Operating profit (loss)9901€138k€47k▼
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€143k€52k▼
Income taxes67/77€43k€16k▼
Profit (loss) for the period9904€99k€36k▼
Profit (loss) for the period to be appropriated9905€99k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€36k▼
Transfer to equity691/2€99k€36k▼
To other reserves6921€99k€36k▼
The notes to these accounts (7 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €500kEq €536k ▲13.2%
6 profitable years in a row build equity to €536k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €3k ▼92.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2023
This board is reconstructed from a single act (23470428). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Jean-Marc THAUVOYE
CurrentDirector · since 21-12-2023
Jonathan LAVIOLETTE
CurrentDirector · since 21-12-2023
Louis SCHONS
CurrentDirector · since 21-12-2023
Matteo HITA Y APARICIO
CurrentDirector · since 21-12-2023
Pierre TAHUVOYE
CurrentDirector · since 21-12-2023
21-12-2023
Jean-Marc THAUVOYE: Appointed as Director
21-12-2023
Jonathan LAVIOLETTE: Appointed as Director
21-12-2023
Louis SCHONS: Appointed as Director
21-12-2023
Matteo HITA Y APARICIO: Appointed as Director
21-12-2023
Pierre TAHUVOYE: Appointed as Director
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 1993
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.
Avenue Newton 71300 WavreGround area
2,315 m²
Building footprint
637 m²
Volume, LiDAR
2,664 m³
Parcel 25112C0003/03_000, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SOWA
since 19932.060.883.675
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0003/03_000 | Wallonia | 2,315 m² | 1 · 637 m² | 5.5 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.
Recognitions · licences · registrations
Recognised contractor
1 categorySOWA SA35702
Similar companies · same sector, comparable size
STARFLAM
BE 0430.862.221
De Panne · Eq €671k
DETAVERNIER PATRICK
BE 0479.360.439
Zwevegem · Eq €671k
CRAEYMEERSCH
BE 0862.281.005
Brugge · Eq €672k
ALGEMENE BOUWWERKEN VERCAUTEREN S.
BE 0860.999.417
Sint-Gillis-Waas · Eq €672k
DEVINCK NICK
BE 0818.874.295
Bredene · Eq €671k
Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 3,971 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-01-1993
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 30 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.