1 - DERWAT
Active1 - DERWAT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €506k and a net result of €116k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 94% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-33
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 26.49 against 5.98 in 2024; short-term debt: 3.8% and cash: 36.5% of total assets), and 4.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.2%
Return on assets
21.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
54 d late
2023
40 d late
2022
32 d late
2021
30 d late
2020
2 d early
2019
39 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€506k▲ 29.7%
2024 · €390k
2018: €185k
2019: €235k
2020: €264k
2021: €224k
2022: €312k
2023: €303k
2024: €390k
2018 → 2025
Total assets
€532k▲ 12.1%
2024 · €474k
2018: €236k
2019: €264k
2020: €291k
2021: €280k
2022: €347k
2023: €348k
2024: €474k
2018 → 2025
Net result
€116k▼ 10.2%
2024 · €129k
2018: €51k
2019: €59k
2020: €29k
2021: €50k
2022: €94k
2023: €18k
2024: €129k
2018 → 2025
Working capital
€512k▲ 29.7%
2024 · €394k
2018: €189k
2019: €237k
2020: €262k
2021: €225k
2022: €316k
2023: €306k
2024: €394k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€312k▲ 38.9%€303k▼ 2.8%€390k▲ 28.8%€506k▲ 29.7%
Operating result€125k-€112k▼ 10.3%€133k▲ 18.7%€178k▲ 34.0%€227k▲ 27.8%
Net result€50k-€94k▲ 88.9%€18k▼ 80.4%€129k▲ 601%€116k▼ 10.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €532k
Equity
€506k▲ 29.7%
Debt
€25k▼ 69.7%
The debt ratio falls from 17.7% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€228k▲
2024 · €179k
Cash flow
€117k▼
2024 · €130k
Solvency
95.2%▲
2024 · 82.3%
Current ratio
26.49▲
2024 · 5.98
Quick ratio
26.49▲
2024 · 5.98
Debt / equity
0.05▼
2024 · 0.22
ROE
22.9%▼
2024 · 33.1%
ROA
21.8%▼
2024 · 27.2%
Interest coverage
2.48▼
2024 · 21.45
Debt
€25k▼
2024 · €84k
Debt ≤ 1 year
€20k▼
2024 · €79k
Income taxes
€49k▼
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€474k€532k▲
Fixed assets21/28€648-
Tangible fixed assets22/27€648-
Plant, machinery and equipment23€648-
Current assets29/58€474k€532k▲
Amounts receivable within one year40/41€86k€49k▼
Trade receivables40€54k€27k▼
Other amounts receivable41€32k€22k▼
Current investments50/53€296k€288k▼
Cash at bank and in hand54/58€92k€194k▲
Equity and liabilities
Total equity and liabilities10/49€474k€532k▲
Equity10/15€390k€506k▲
Contributions10/11€19k€19k=
Reserves13€372k€488k▲
Distributable reserves133€372k€488k▲
Profit (loss) carried forward14€44€46▲
Amounts payable17/49€84k€25k▼
Amounts payable within one year42/48€79k€20k▼
Trade debts44€3k€119▼
Suppliers440/4€3k€119▼
Taxes, remuneration and social security45€29k€10k▼
Taxes450/3€29k€10k▼
Other amounts payable47/48€48k€10k▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€648▼
Other operating charges640/8€285€850▲
Gross operating margin9900€179k€229k▲
Operating profit (loss)9901€178k€227k▲
Financial income75/76B€17k€30k▲
Recurring financial income75€17k€30k▲
Financial charges65/66B€8k€92k▲
Recurring financial charges65€8k€92k▲
Profit (loss) for the period before taxes9903€187k€165k▼
Income taxes67/77€58k€49k▼
Profit (loss) for the period9904€129k€116k▼
Profit (loss) for the period to be appropriated9905€129k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€116k▼
Profit (loss) brought forward from the previous period14P€43€44▲
Transfer from equity791/2€42k-
Transfer to equity691/2€129k€116k▼
To other reserves6921€129k€116k▼
Profit to be distributed694/7€42k-
Return on contributions (dividend)694€42k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 26.49
Current ratio from 5.98 to 26.49; short-term debt falls from €79k to €20k.
31-12
Financial
Equity above €500kEq €506k ▲29.7%
8 profitable years in a row build equity to €506k.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €129k ▲601%
Net result €129k, the highest in the series.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Weakest financial yearnet €18k ▼80.4%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 12.07
Current ratio from 5.45 to 12.07; short-term debt falls from €51k to €29k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Equity above €200kEq €235k ▲27.1%
2 profitable years in a row build equity to €235k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voistraat 39420 Erpe-MereGround area
852 m²
Building footprint
195 m²
Volume, LiDAR
1,180 m³
Parcel 41071A0084/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Voistraat 3, 9420 Erpe-Mere
since 20032.126.660.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41071A0084/00G000 | Flanders | 852 m² | 1 · 195 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
213800KKKJJAAJJ92823
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 34,524 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.