D. DE WULF
ActiveD. DE WULF has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150k and a net result of €10k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+33
Solvency96▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.55 in 2024), and 48.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
51.5%
Return on assets
3.4%
Age of the figures
8 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 31-08-2026, 31 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
31 d late
2024
61 d late
2023
21 d early
2022
12 d early
2021
78 d late
2020
122 d late
2019
7 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€150k▲ 7.1%
2024 · €140k
2018: €129k
2019: €136k
2020: €116k
2021: €114k
2022: €127k
2023: €154k
2024: €140k
2018 → 2025
Total assets
€291k▲ 17.8%
2024 · €247k
2018: €234k
2019: €251k
2020: €206k
2021: €222k
2022: €237k
2023: €218k
2024: €247k
2018 → 2025
Net result
€10k
2024 · €-13k
2018: €25k
2019: €6k
2020: €-20k
2021: €-1k
2022: €13k
2023: €27k
2024: €-13k
2018 → 2025
Working capital
€131k▲ 12.5%
2024 · €117k
2018: €99k
2019: €120k
2020: €96k
2021: €101k
2022: €115k
2023: €135k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€127k▲ 11.1%€154k▲ 20.9%€140k▼ 8.7%€150k▲ 7.1%
Operating result€-2k-€18k€35k▲ 97.5%€-11k€13k
Net result€-1k-€13k€27k▲ 108%€-13k€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €291k
Fixed assets
€44k▼ 21.3%
Current assets
€248k▲ 29.1%
Equity and liabilities €291k
Equity
€150k▲ 7.1%
Debt
€141k▲ 31.8%
The debt ratio rises from 43.3% to 48.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€28k▲
2024 · €664
Cash flow
€25k▲
2024 · €-2k
Solvency
51.5%▼
2024 · 56.7%
Current ratio
2.13▼
2024 · 2.55
Quick ratio
1.40▼
2024 · 1.55
Debt / equity
0.94▲
2024 · 0.76
ROE
6.6%▲
2024 · -9.6%
ROA
3.4%▲
2024 · -5.4%
Interest coverage
7.31▲
2024 · 0.20
Debt
€141k▲
2024 · €107k
Debt ≤ 1 year
€116k▲
2024 · €75k
Debt > 1 year
€23k▼
2024 · €32k
Income taxes
€2k▲
2024 · €280
Staff costs
€53k▲
2024 · €52k
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€247k€291k▲
Fixed assets21/28€56k€44k▼
Tangible fixed assets22/27€56k€44k▼
Land and buildings22€990€660▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€48k€39k▼
Current assets29/58€192k€248k▲
Stocks and contracts in progress3€75k€85k▲
Stocks30/36€75k€85k▲
Amounts receivable within one year40/41€60k€100k▲
Trade receivables40€55k€99k▲
Other amounts receivable41€5k€1k▼
Current investments50/53€32k€29k▼
Cash at bank and in hand54/58€17k€25k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€247k€291k▲
Equity10/15€140k€150k▲
Contributions10/11€20k€20k=
Reserves13€128k€130k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€13k€13k=
Distributable reserves133€115k€118k▲
Profit (loss) carried forward14€-8k€0▲
Amounts payable17/49€107k€141k▲
Amounts payable after more than one year17€32k€23k▼
Financial debts170/4€32k€23k▼
Amounts payable within one year42/48€75k€116k▲
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€29k€69k▲
Suppliers440/4€29k€69k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€7k€2k▼
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€26k€24k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€52k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€54k€82k▲
Operating profit (loss)9901€-11k€13k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-13k€12k▲
Income taxes67/77€280€2k▲
Profit (loss) for the period9904€-13k€10k▲
Profit (loss) for the period to be appropriated9905€-13k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€2k▲
Profit (loss) brought forward from the previous period14P-€-8k
Transfer from equity791/2€6k€0▼
Transfer to equity691/2€0€2k▲
To other reserves6921€0€2k▲
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Equity above €150kEq €150k ▲7.1%
Equity rises from €140k to €150k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €27k ▲108%
Net result €27k, the highest in the series.
31-12
Financial
Equity above €150kEq €154k ▲20.9%
2 profitable years in a row build equity to €154k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-20k ▼416%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Spiere-Helkijn · 1 establishment unit since 2008
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.
Robecijnplein 238587 Spiere-HelkijnGround area
1,047 m²
Building footprint
297 m²
Volume, LiDAR
1,710 m³
Parcel 34036C0477/00C000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Robecijnplein 23, 8587 Spiere-Helkijn
since 20082.168.491.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34036C0477/00C000 | Flanders | 1,047 m² | 1 · 297 m² | 9.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 753 EUR awarded · 753 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 147 EUR | 147 EUR |
| 2023 | 1 | 561 EUR | 561 EUR |
| 2022 | 1 | 45 EUR | 45 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,991 companies in sector 43221 we hold annual accounts for 3,445. 2,972 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2008
Fiscal year end31-12
Abbreviation NL
D.D.W.
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.