ADW Warehouses
ActiveSummary
ADW Warehouses has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.0m) and a net result of -€238,625. Equity has been shrinking by about 74% per year since 2019. Its solvency ranks better than 7% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 12-12-1990 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
- Establishment unit
- 2.051.124.980 2860 Sint-Katelijne-Waver, since 16-01-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 24-02-2026
Board and ownership
- DE WITTE Jurgen Wilfried LutgardeChair
- DE WITTE AchielManaging director
- Auditor
- CONSCIUS BEDRIJFSREVISOREN
- DE WITTE-DE BLICK99.99%30-09-2025 annual accounts of DE WITTE-DE BLICK
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €318,115
- ▼ 2.2%
- Turnover
- ≈ €350,000
- estimated
- Loss
- €238,625
- ▼ 66.9%
- Equity
- -€2.0m
- ▼ 13.5%
- Total assets
- €7.1m
- ▼ 65.8%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 0.46, cash €5,431Negative equity -€2.0m1 change of registered office in 24 monthslowers riskSize: total assets €7.1mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 1% of them on solvency, 1% on liquidity, 13% on profitability and 20% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€2.0m View
- Risk: 7 loss-making years in a rowloss in financial year 2025 -€238,625 View
- Caution: Less equity than 95% of companies in real estatesector median €301,692 · 11,240 companies -€2.0m View
- Positive: Result rose in 2025from -€720,002 to -€238,625 ▲ 66.9% View
Recent changes
- · Gazette deed Reappointment: Conscius bedrijfsrevisoren (statutory auditor)
- · Gazette deed Registered office moved within Sint-Katelijne-Waver
- · Gazette deed Company renamed from PETROVA PLANTS to ADW WarehousesChanges of role: DE WITTE Achiel (managing director) and DE WITTE Jurgen Wilfried Lutgarde (chair of the board)
Comparable companies
These companies have the same main activity as ADW Warehouses: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €7m and €8.3m, founded between 1986 and 1993.
| Company | Total assets | Gross margin |
|---|---|---|
| ADW Warehouses Sint-Katelijne-Waver | €7.1m | €0.3m |
| MAJU Heist-op-den-Berg | €8.3m | €0.4m |
| SIX STONES Izegem | €7.0m | €0.3m |
| BRAGIL Frasnes-lez-Anvaing | €7.5m | €0.3m |
| VLAAMSE IMMOBILIENMAATSCHAPPIJ Vilvoorde | €7.2m | €0.3m |
| IMMO M.C. Sint-Niklaas | €7.3m | €0.3m |
| DE LINDE Sint-Pieters-Leeuw | €7.1m | €0.4m |
Key facts about ADW Warehouses
- What is the company number of ADW Warehouses?
- The company number of ADW Warehouses is 0442.460.649. The VAT number is the same number with BE in front: BE 0442.460.649.
- Where is ADW Warehouses based?
- The registered office is at Hoveniersstraat 13, 2860 Sint-Katelijne-Waver.Company details
- What does ADW Warehouses do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of ADW Warehouses?
- The legal form of ADW Warehouses is Public limited company (NV).
- When was ADW Warehouses founded?
- ADW Warehouses was founded on 12-12-1990.
- Is ADW Warehouses still active?
- Yes, ADW Warehouses is an active enterprise in the KBO register.
- What is the turnover of ADW Warehouses?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €318,115 and 39 comparable companies (NACE 68203). It probably lies between €330,000 and €440,000.Financials
- Is ADW Warehouses profitable?
- In financial year 2025, ADW Warehouses made a loss of €238,625.
- Where can I find the annual accounts of ADW Warehouses?
- ADW Warehouses filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADW Warehouses due?
- ADW Warehouses must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.