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Theo Bauwens

Active
Public limited companyfounded 194482 yrs activeHeikensstraat 5, 9240 Zele, BelgiumKBO/BCE: BE 0404.684.295
Summary

Theo Bauwens has been active since 1944 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.3m and a net result of €195,949. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 81% of 776 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
Theo BauwensActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10130NACE 15131
#1 oldest company in Zele1 site
Size
€32.7mturnover 2025
Staff
111.4 FTE
Equity
€10.3m
Profit
€195,949
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
BH INVEST · 99.96%
Holdings
1
Accounts 1 d early0 of 22 deeds read
Why 89- Sector Manufacture of food products (NACE 10)- Liquidity: current ratio 1.94, cash €952,069+ Founded in 1944+ Equity €10.3m (68.8% of total assets)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 52% of its sector peers (NACE 10, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 94+1
equity 68.8% of total assets
Liquidity 48=
short-term debt 26.4% · cash 6.4%
Profitability 59-1
return on assets 1.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (225 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -3.8% vs 01-2025 03-2025: 0.3%▲ +1.6% vs 02-2025 04-2025: 0.3%▲ +1.9% vs 03-2025 05-2025: 0.3%▲ +5.3% vs 04-2025 06-2025: 0.3%▲ +0.4% vs 05-2025 07-2025: 0.3%▲ +18.3% vs 06-2025highest value 08-2025: 0.2%▼ -45.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▼ -1.1% vs 03-2026lowest value 05-2026: 0.2%▲ +4.7% vs 04-2026 06-2026: 0.2%▲ +2.8% vs 05-2026 07-2026: 0.2%▲ +1.6% vs 06-2026 08-2026: 0.2%▲ +3.7% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Founded in 1944 lowers the probability for this profile
  • Sector Manufacture of food products (NACE 10) raises the probability
  • Equity €10.3m (68.8% of total assets) lowers the probability
  • Liquidity: current ratio 1.94, cash €952,069 raises the probability
Credit up to €900,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.03 in 2024; short-term debt: 26.4% and cash: 6.4% of total assets), and 31.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, medium-sized). Better than this share of them on solvency 83%, liquidity 71%, profitability 29%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1944
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Manufacture of food products (NACE 10)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Equity €10.3m (68.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.94, cash €952,069
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
4 d early
2023
3 d early
2022
2 d early
2021
16 d early
2020
1 d early
2019
1 d early
← 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 4 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Back to profitnet €402,109

Key points

  • Positive: Oldest company in Zelein the Checked rankings #1 View
  • Caution: Result fell in 2025from €402,109 to €195,949 ▼ 51.3% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by BH INVEST 99.96% View
  • Active since 1944founded 16-06-1944 82 years View

By topic

Financials

Fiscal year
2025
Turnover
€32.7m
Profit
€195,949
Solvency
68.8%
Turnover▼ 1.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 30-07-2026Annual accounts filed
  2. 27-07-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10130
Founded
16-06-1944
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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