Equity
-€72,997
Debts exceed assets in financial year 2025.
CDW
Lifetime
2 annual accounts with figures on one time axispeak €895 (2025)
€895▲ €7,994
lowest -€80,289 (2024)
-€2,708▲ €77,582
peak -€70,289 (2024)
-€72,997▼ €2,708
€6.8m▲ 177%
Board1 name since 2023
1 directorDWH
Owners
100%DWH
Documentsfilings and deeds
06-01-202625 days before the deadline
2025micro format
Gross margin from -€7,099 to €895Loss of €2,708Registered office moved from Knokke-Heist to Knokke 14-03Debts from €2.5m to €6.8mCash from €11,607 to €75,095
Key points
from the 2025 annual accountsResult
-€2,708 ▲ 96.6%
The result rose in 2025 from -€80,289 to -€2,708.
Turnover
≈ €3,700 estimated
The micro format states no turnover.
Debts
€6.8m 101% of the balance sheet
Financial debts 44%Suppliers 1%Other 55%
Of this, €3.8m falls due within a year.
Liquidity
1.77 was 25.56 in 2024
Short-term debts rose from €93,417 to €3.8m.
Position in the sector
-€72,997
Less equity than 91% of companies in real estate. Sector median €73,055 · 17,210 companies.
Checked score
54
Fair
Financially stronger than 24% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 1.0%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.3%▼ -0.7 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.6%▲ +0.3 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%▼ -0.4 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Negative equity -€72,997
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €6.7m
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 13% of them on solvency, 17% on liquidity, 34% on profitability and 30% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 473 companies had the same profile as CDW has now. Each dot is one company, two years later.
95.3%
were still trading
2.7%
stopped another way
1.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CDW itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 473 companies, not a prediction for CDW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 1.77 (25.56 in 2024), above the usual 1.5. Short-term debt is 56.4% and cash 1.1% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€72,997
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 days early
2024
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 21 days before 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)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798797176
Registered office moved from Knokke-Heist to Knokke
New registered office: Magere Schorre 61, 8300 Knokke · Previous registered office: Fort St.-Pol 17, 8300 Knokke-Heist · Permanent representative: Sofie Haentjens · Board meeting of 16-12-2024 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: DWH · Appointment: DWH (director) · published on 27-02-2023 · Gazette deed
First establishment
Magere Schorre 61, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CDW Knokke-Heist | €6.7m | €895 | -1.1% | - |
| Westende Construct Middelkerke | €7.0m | -€14,027 | -4.5% | - |
| Zwindijk Zedelgem | €7.9m | -€9,475 | -9.3% | - |
| Emiel Development Antwerp | €7.3m | -€91,832 | -1.1% | - |
| BOMEIR CONSTRUCT Maldegem | €6.6m | -€17,067 | 2.5% | - |
| Everest Real Estate Dendermonde | €7.2m | -€39,928 | 2.3% | - |
| R-B Projects Ghent | €6.0m | -€3,869 | 8.0% | - |
These companies have the same main activity as CDW: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €6m and €7.9m, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 23-02-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.342.917.0168300 Knokke-Heist, since 23-02-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-06-2025
- €6.7m▲ 182%
- Employeeson 30-06-2025
- 0
- Filing
- Filed on 06-01-2026, 25 days before the end of the filing period
Insights on CDW
CDW has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€72,997) and a net result of -€2,708.
Its solvency ranks better than 19% of 17,194 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CDW
- What is the company number of CDW?
- The company number of CDW is 0798.797.176. The VAT number is the same number with BE in front: BE 0798.797.176.
- Where is CDW based?
- The registered office is at Magere Schorre 61, 8300 Knokke-Heist.Company details
- What does CDW do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of CDW?
- CDW is a private limited company (BV).
- When was CDW founded?
- CDW was founded on 23-02-2023.
- Is CDW still active?
- Yes, CDW is an active enterprise in the KBO register.
- What is the turnover of CDW?
- The turnover in financial year 2025 is ≈ €3,700. This figure is estimated from the gross margin of €895 and 48 comparable companies (NACE 68121). It probably lies between €1,800 and €12,000. It is a rough estimate.Financials
- Is CDW profitable?
- In financial year 2025, CDW made a loss of €2,708.
- Where can I find the annual accounts of CDW?
- CDW filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CDW due?
- CDW must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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