ACTIVE

BODARWE IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

-6,4 k €

-283.1% YoY

Gross margin

17,7 k €

-34.1% YoY

Equity

699,2 k €

-0.9% YoY

What does BODARWE IMMO do?

BODARWE IMMO is a Public limited company incorporated in 1999. Its main activity is: Development of building projects. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.525.665

Incorporation

30/03/1999

Legal form

Public limited company

Registered office

Baugnez-Route de Luxembourg 16
4960 Malmedy · WallonieSee on map

Contributed capital

225 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (2)

10602
218

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	17,7 k €	-34.1%	26,9 k €	+157%	10,5 k €	-2.1%	10,7 k €	+195%	-11,3 k €	-111%	102,9 k €	-49.0%	201,7 k €	+124%	89,9 k €	+444%	16,5 k €	+3.8%	15,9 k €	-9.2%	17,5 k €	+56.0%	11,2 k €	-80.7%	58,2 k €	+2.4%	56,9 k €	-1.4%	57,7 k €	-0.4%	57,9 k €	+4.2%	55,5 k €	+1081%	-5,7 k €	-101%	463,8 k €	+28.3%	361,5 k €
EBITDA	12,6 k €	-42.5%	21,9 k €	+277%	5,8 k €	+1.9%	5,7 k €	+137%	-15,4 k €	-115%	101 k €	-49.5%	199,8 k €	+127%	88,1 k €	+496%	14,8 k €	+4.0%	14,2 k €	-7.8%	15,4 k €	+148%	6,2 k €	-87.8%	51 k €	-2.9%	52,5 k €	+16.9%	45 k €	+11.4%	40,3 k €	+1.9%	39,6 k €	+150%	-79,6 k €	-147%	168,6 k €	+66.1%	101,5 k €
Operating result	-3,5 k €	-161%	5,8 k €	+156%	-10,3 k €	+1.1%	-10,4 k €	+66.9%	-31,5 k €	-137%	84,9 k €	-53.8%	183,7 k €	+132%	79,4 k €	+437%	14,8 k €	+4.0%	14,2 k €	-7.8%	15,4 k €	+148%	6,2 k €	-83.4%	37,4 k €	-3.8%	38,8 k €	+46.2%	26,6 k €	+417%	5,1 k €	+131%	-16,8 k €	+83.4%	-101,4 k €	-206%	96 k €	+235%	28,7 k €
Net result	-6,4 k €	-283%	3,5 k €	+128%	-12,4 k €	+19.1%	-15,4 k €	+54.4%	-33,7 k €	-158%	58,2 k €	-48.6%	113,2 k €	+92.7%	58,7 k €	+340%	13,3 k €	-13.6%	15,4 k €	-8.6%	16,9 k €	-93.4%	255,3 k €	+608%	36,1 k €	-2.2%	36,9 k €	-66.1%	108,8 k €	+7573%	-1,5 k €	+94.6%	-27 k €	+76.8%	-116,1 k €	-271%	67,9 k €	+1356%	4,7 k €
Balance sheet
Equity	699,2 k €	-0.9%	705,6 k €	+0.5%	702,1 k €	-1.7%	714,6 k €	-2.1%	729,9 k €	-4.4%	763,6 k €	+8.2%	705,4 k €	+19.1%	592,2 k €	+11.0%	533,5 k €	+2.6%	520,1 k €	+3.1%	504,7 k €	+3.5%	487,8 k €	+110%	232,5 k €	+18.4%	196,4 k €	+23.1%	159,6 k €	+214%	50,7 k €	-2.8%	52,2 k €	-34.1%	79,2 k €	-59.5%	195,3 k €	+53.3%	127,4 k €
Total assets	1,3 M €	-0.1%	1,3 M €	+9.8%	1,2 M €	-0.1%	1,2 M €	-9.3%	1,3 M €	-8.4%	1,4 M €	+3.2%	1,4 M €	-58.3%	3,3 M €	+122%	1,5 M €	+127%	650,7 k €	+2.2%	637 k €	+3.0%	618,4 k €	+147%	249,9 k €	+3.7%	240,9 k €	+3.3%	233,2 k €	-16.1%	277,9 k €	-25.0%	370,3 k €	-39.3%	609,6 k €	-29.4%	863,2 k €	-18.4%	1,1 M €
Cash	44,4 k €	+33.5%	33,3 k €	+40.7%	23,6 k €	-26.1%	32 k €	-74.8%	127,3 k €	-48.4%	246,6 k €		–		–		154,1 k €	-26.4%	209,5 k €	-44.9%	380,5 k €	-5.1%	400,9 k €	+630%	54,9 k €	-10.2%	61,2 k €	+12.4%	54,4 k €	+5.1%	51,8 k €	-31.7%	75,8 k €	+184%	26,7 k €	+29.7%	20,6 k €	+35.2%	15,2 k €
Debts	491,2 k €	+2.0%	481,4 k €	+32.2%	364,1 k €	+4.7%	347,6 k €	-22.4%	448,1 k €	-15.5%	530,5 k €	-1.9%	540,9 k €	-78.9%	2,6 M €	+215%	813,6 k €	+134254%	605,5 €	-73.9%	2,3 k €	+1467%	148 €	-99.1%	15,8 k €	-63.1%	42,9 k €	-40.4%	72 k €	-68.1%	226 k €	-28.1%	314,5 k €	-39.3%	518 k €	-17.8%	630,1 k €	-32.1%	927,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	-50.0%	2,0 ETP	-31.0%	2,9 ETP	-61.3%	7,5 ETP	-2.6%	7,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Jean-Marie BODARWE

Director · since 21 juin 2019 · until 21 juin 2029

Active

Michel BODARWE

Managing director · since 21 juin 2019 · until 21 juin 2029

Active

Nathalie KÜPPER

Director · since 21 juin 2019 · until 21 juin 2029

Active

Ended mandates

Jean-Marie BODARWE

Director · since 21 juin 2019 · until 21 juin 2025

Ended

Michel BODARWE

Managing director · since 21 juin 2019 · until 21 juin 2025

Ended

Nathalie KÜPPER

Director · since 21 juin 2019 · until 21 juin 2025

Ended

Jean-Marie BODARWE

Director · since 26 mars 2014 · until 20 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
A. DETHIER● Active	0415.035.878
AFIMAN● Active	0896.003.747
BODARWE CARRIERES● Active	0416.628.559
Boreta● Active	0402.317.495
CARRIERES SCHAUSS● Active	0445.677.881
FIBO● Active	0451.844.806
LA BORGUEUSE HE● Active	0753.707.123
PIERRE DE WAIMES● Active	0439.273.408
PROBEMAL● Active	0429.052.675
RACE WORLD HOLDING● Active	0731.818.280
TRANSPORTS BODARWE MALMEDY● Active	0880.876.301

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	07/07/2025	19/07/2024	21/06/2023	24/06/2022	21/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	21/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	20/06/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	18/06/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	22/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Jean-Marie BODARWE

Director · since 21 juin 2019 · until 21 juin 2029

Active

Michel BODARWE

Managing director · since 21 juin 2019 · until 21 juin 2029

Active

Nathalie KÜPPER

Director · since 21 juin 2019 · until 21 juin 2029

Active

Ended mandates

Jean-Marie BODARWE

Director · since 21 juin 2019 · until 21 juin 2025

Ended

Michel BODARWE

Managing director · since 21 juin 2019 · until 21 juin 2025

Ended

Nathalie KÜPPER

Director · since 21 juin 2019 · until 21 juin 2025

Ended

Jean-Marie BODARWE

Director · since 26 mars 2014 · until 20 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2014
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other24/06/2009
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares19/07/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/09/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2004
DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-6,4 k €↓
2024
Annual accounts 20243,5 k €↑
2023
Annual accounts 2023-12,4 k €↑
2022
Annual accounts 2022-15,4 k €↑
2021
Annual accounts 2021-33,7 k €↓
2020
Annual accounts 202058,2 k €↓
2019
Annual accounts 2019113,2 k €↑
2018
Annual accounts 201858,7 k €↑
2017
Annual accounts 201713,3 k €↓
2016
Annual accounts 201615,4 k €↓
2015
Annual accounts 201516,9 k €↓
2014
Annual accounts 2014255,3 k €↑
2013
Annual accounts 201336,1 k €↓
2013
Name changeBODARWE IMMO
2012
Annual accounts 201236,9 k €↓
2011
Annual accounts 2011108,8 k €↑
2010
Annual accounts 2010-1,5 k €↑
2009
Annual accounts 2009-27 k €↑
2008
Annual accounts 2008-116,1 k €↓
2007
Annual accounts 200767,9 k €↑
2006
Annual accounts 20064,7 k €
2006
Name changeEUROPA BETON
30/03/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BODARWE IMMO

Overview

What does BODARWE IMMO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline