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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BODARWE from Malmedy, company number BE0428086239, closed financial year 2025 with a result of € 116,939 after tax. For that financial year BODARWE recorded revenue of € 32.9 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 421,563 to € 116,939. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 5.4 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 116,939
▼ 72% vs 2024
Profit after tax over the fiscal year.
€ 1.9 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4 million.
People and assets in 2025
186.8
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.1 million
▲ 8% vs 2024
€ 65,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.7 million
▲ 3% vs 2024
Of which on lease € 3.3 million.
Debts at end 2025
€ 10.3 million
▼ 1% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5.5 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 1 million
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 31,717,541 | € 30,767,540 | € 34,419,278 | € 32,889,847 | ▼ 4% |
| Profit after taxes | € 403,222 | € 303,097 | € 421,563 | € 116,939 | ▼ 72% |
| Equity | € 4,541,671 | € 4,839,518 | € 5,255,831 | € 5,367,520 | ▲ 2% |
| Total debts | € 17,549,556 | € 17,044,953 | € 19,056,069 | € 17,593,906 | ▼ 8% |
| Cash | € 2,098,581 | € 1,739,700 | € 1,953,756 | € 1,942,523 | ▼ 1% |
| Land & buildings | € 1,970,763 | € 1,789,368 | € 1,607,973 | € 1,426,578 | ▼ 11% |
| Retained profit | € 3,146,401 | € 3,449,498 | € 3,871,062 | € 3,988,001 | ▲ 3% |
| Bank debt | € 9,363,712 | € 9,458,953 | € 10,332,293 | € 10,269,851 | ▼ 1% |
| Balance sheet total | € 22,091,226 | € 21,884,471 | € 24,311,900 | € 22,961,427 | ▼ 6% |
| Employees (FTE) | 172.4 | 180.3 | 187.2 | 186.8 | ▼ 0.4 |
Key figures of BODARWE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BODARWE?
What happened at BODARWE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SB GEST SRL stepped down as director. NBB
- Michel BODARWE stepped down as director. NBB
- Nathalie KÜPPER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 116,939 (▼ 72% vs 2024). Source: NBB ↗
- Michel BODARWE became a director. NBB
- Nathalie KÜPPER became a director. NBB
- SB GEST SRL became a director. NBB
- New establishment in Waimes. KBO
In short
From € 403,222 profit in 2022 to € 116,939 profit in 2025.
Paid € 632,507 in corporate taxes since 2022.
Best year ever: 2024, with € 421,563 profit.
Pays suppliers within 91 days on average.
Management
The stake of BODARWE CARRIERES, Boreta, A. DETHIER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BODARWEThe shares are held by BODARWE CARRIERES (53%), Boreta (37%) and A. DETHIER (10%).
Directors
According to the 2025 annual accounts
Michel BODARWE
Chairman of the board
Also active at: Boreta, A. DETHIER, BODARWE CARRIERES, PROBEMAL, SOGIMAL, PIERRE DE WAIMES, CARRIERES SCHAUSS, MATHONET +8 more
since 2023 · until 2029
Nathalie KÜPPER
Director
Also active at: Boreta, BODARWE CARRIERES, PROBEMAL, PIERRE DE WAIMES, BODARWE IMMO, TRANSPORTS BODARWE MALMEDY
since 2023 · until 2029
Director · represented by Stéphane BODARWE
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue de Norvège 16
4960 Malmedy
Rue de l'Arkose 1
4950 Waimes
Active since 1 January 2023
Weywertz,Mühlenstrasse -
4750 Bütgenbach
Active since 1 January 2023
Rue Rocher-de-Hourt,Gd-Halleux *
6698 Vielsalm
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →SM BODARWE - TRAGECO REAREN ROVERT
SM BODARWE - HAAS STAVELOT
SM BODARWE - NELLES RAEREN
SM BAGUETTE - BODARWE - AQUAFLUX Verviers Centre
Société momentanée BODARWE BAGUETTE THOMASSEN VERVIERS
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.086.239
- VAT number
- BE 0428.086.239
- Registered office
- Avenue de Norvège 16, 4960 Malmedy
- Names & denominations
- BODARWE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1985
- Peppol
- Active · Active since 1 Sept 2023
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+6