Warning lights
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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BODARWE IMMO from Malmedy, company number BE0465525665, closed financial year 2025 with a result of € -6,390 after tax. For that financial year BODARWE IMMO recorded a gross margin of € 17,700 and equity of € 699,240. Compared with financial year 2024, the result moved from € 3,490 to € -6,390. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 699,240
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,390
▼ still € 3,490 profit in 2024
Profit after tax over the fiscal year.
€ 44,409
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 474,240.
Debts at end 2025
€ 220,070
▼ 5% vs 2024
€ 11,969 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 19,689
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,680 | € 10,458 | € 26,853 | € 17,700 | ▼ 34% |
| Profit after taxes | € -15,351 | € -12,417 | € 3,490 | € -6,390 | ▼ € 9,880 |
| Equity | € 714,557 | € 702,140 | € 705,630 | € 699,240 | ▼ 1% |
| Total debts | € 352,542 | € 368,123 | € 483,406 | € 493,159 | ▲ 2% |
| Cash | € 32,011 | € 23,641 | € 33,263 | € 44,409 | ▲ 34% |
| Land & buildings | € 529,805 | € 513,669 | € 497,533 | € 481,396 | ▼ 3% |
| Retained profit | € 489,557 | € 477,140 | € 480,630 | € 474,240 | ▼ 1% |
| Bank debt | € 254,756 | € 243,394 | € 231,833 | € 220,070 | ▼ 5% |
| Balance sheet total | € 1,174,177 | € 1,173,062 | € 1,287,557 | € 1,286,642 |
Key figures of BODARWE IMMO, 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 IMMO?
What happened at BODARWE IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel BODARWE stepped down as director. NBB
- Jean-Marie BODARWE stepped down as director. NBB
- Nathalie KÜPPER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,390 (▼ € 9,880 vs 2024). Source: NBB ↗
- Michel BODARWE became a director. NBB
- Jean-Marie BODARWE became a director. NBB
- Nathalie KÜPPER became a director. NBB
- New establishment in Malmedy. KBO
In short
From € 15,351 loss in 2022 to € 6,390 loss in 2025.
Paid € 2 in corporate taxes since 2022.
Best year ever: 2024, with € 3,490 profit.
Management
The stake of FIBO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BODARWE IMMOThe shares are held by FIBO (99.6%).
Directors
According to the 2025 annual accounts
Michel BODARWE
Managing director
Also active at: Boreta, A. DETHIER, BODARWE CARRIERES, BODARWE, PROBEMAL, SOGIMAL, PIERRE DE WAIMES, CARRIERES SCHAUSS +8 more
since 2019 · until 2029
Jean-Marie BODARWE
Director
Also active at: Boreta, BODARWE CARRIERES, REWA-BETON, PROBEMAL, PIERRE DE WAIMES, FIBO, GOVEMA, TRANSPORTS BODARWE MALMEDY
since 2019 · until 2029
Nathalie KÜPPER
Director
Also active at: Boreta, BODARWE CARRIERES, BODARWE, PROBEMAL, PIERRE DE WAIMES, TRANSPORTS BODARWE MALMEDY
since 2019 · until 2029
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Baugnez-Route de Luxembourg 16
4960 Malmedy
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Boreta same network
€ 2.2 million gross margin · 2025
A. DETHIER same network
€ 13,774 gross margin · 2025
BODARWE CARRIERES same network
€ 1.9 million gross margin · 2025
PROBEMAL same network
€ 1.5 million gross margin · 2025
PIERRE DE WAIMES same network
€ 269,828 gross margin · 2025
+6 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
- 0465.525.665
- VAT number
- BE 0465.525.665
- Registered office
- Baugnez-Route de Luxembourg 16, 4960 Malmedy
- Names & denominations
- BODARWE IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1999
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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