Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HW Construction from Deinze, company number BE0671593059, closed financial year 2025 with a result of € 28,432 after tax. For that financial year HW Construction recorded a gross margin of € 122,588 and equity of € -216,631. Compared with financial year 2024, the result moved from € 12,042 to € 28,432. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ -216,631
▲ € 29,120 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,432
▲ 136% vs 2024
Profit after tax over the fiscal year.
€ 2,813
▼ 91% 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 € -235,231.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 53,791
€ 53,800 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.
€ 23,806
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 269,200
▲ 2% vs 2024
€ 6,663 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.
€ 119,024
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,873
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -175,996 | € 81,704 | € 75,291 | € 122,588 | ▲ 63% |
| Profit after taxes | € -368,577 | € 9,708 | € 12,042 | € 28,432 | ▲ 136% |
| Equity | € -267,500 | € -257,793 | € -245,750 | € -216,631 | ▲ € 29,120 |
| Total debts | € 543,176 | € 629,572 | € 498,120 | € 392,697 | ▼ 21% |
| Cash | - | € 23,462 | € 32,517 | € 2,813 | ▼ 91% |
| Retained profit | € -286,100 | € -276,393 | € -264,350 | € -235,231 | ▲ € 29,120 |
| Bank debt | € 183,009 | € 231,086 | € 264,352 | € 269,200 | ▲ 2% |
| Balance sheet total | € 275,676 | € 371,779 | € 252,370 | € 176,066 | ▼ 30% |
| Employees (FTE) | 2.2 | 1 | - | 1 |
Key figures of HW Construction, 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 HW Construction?
What happened at HW Construction in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,432 (▲ 136% vs 2024). Source: NBB ↗
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
In short
From € 368,578 loss in 2022 to € 28,432 profit in 2025.
Paid € 849 in corporate taxes since 2022.
Best year ever: 2025, with € 28,432 profit.
On average € 122,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Hulhage 11
9800 Deinze
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0671.593.059
- VAT number
- BE 0671.593.059
- Registered office
- Hulhage 11, 9800 Deinze
- Names & denominations
- HW Construction
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 February 2017
- Peppol
- Active · Active since 23 Nov 2025
- Activities · NACE
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