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D.E.W.

Active
Private limited companyfounded 2003active for 23 yearsBotermolenstraat 2, 9810 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0479.912.745
Summary

D.E.W. has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294,609 and a net result of €6,276. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 38% of 1,237 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€294,609▲ 2.2%
2024 · €288,334
Total assets
€857,808▲ 33.4%
2024 · €642,974
Net result
€6,276▼ 46.2%
2024 · €11,668
Working capital
€359,369▲ 21.8%
2024 · €295,048
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 26% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,513 2025 Net result€6,276 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€34,997-€21,700▼ 38.0%-€19,607€27,193€12,365▼ 54.5%€26,342▲ 113%€19,513▼ 25.9%
Net result€4,174-€1,551below the sector's middle half▼ 62.8%-€28,849below the sector's middle half€9,120below the sector's middle half€1,165below the sector's middle half▼ 87.2%€11,668within the sector's middle half▲ 901%€6,276within the sector's middle half▼ 46.2%
Equity€293,762-€295,313within the sector's middle half▲ 0.5%€266,463within the sector's middle half▼ 9.8%€275,583within the sector's middle half▲ 3.4%€276,749within the sector's middle half▲ 0.4%€288,334above the sector's middle half▲ 4.2%€294,609above the sector's middle half▲ 2.2%
Total assets€834,945-€845,861within the sector's middle half▲ 1.3%€777,959within the sector's middle half▼ 8.0%€803,028within the sector's middle half▲ 3.2%€723,377within the sector's middle half▼ 9.9%€642,974above the sector's middle half▼ 11.1%€857,808above the sector's middle half▲ 33.4%
Debt€541,183-€550,548▲ 1.7%€511,496▼ 7.1%€527,445▲ 3.1%€446,628▼ 15.3%€354,641▼ 20.6%€563,199▲ 58.8%
Working capital€310,988-€317,718within the sector's middle half▲ 2.2%€371,033within the sector's middle half▲ 16.8%€358,917within the sector's middle half▼ 3.3%€329,146within the sector's middle half▼ 8.3%€295,048above the sector's middle half▼ 10.4%€359,369above the sector's middle half▲ 21.8%
Solvency35.2%-34.9%within the sector's middle half▼ 0.3pp34.3%within the sector's middle half▼ 0.7pp34.3%within the sector's middle half▲ 0.1pp38.3%within the sector's middle half▲ 3.9pp44.8%within the sector's middle half▲ 6.6pp34.3%within the sector's middle half▼ 10.5pp
Current ratio2.32-2.15within the sector's middle half▼ 0.163.02above the sector's middle half▲ 0.862.50within the sector's middle half▼ 0.522.65above the sector's middle half▲ 0.152.97above the sector's middle half▲ 0.332.13within the sector's middle half▼ 0.84
Return on assets (ROA)0.5%-0.2%below the sector's middle half▼ 0.3pp-3.7%below the sector's middle half▼ 3.9pp1.1%below the sector's middle half▲ 4.8pp0.2%below the sector's middle half▼ 1.0pp1.8%within the sector's middle half▲ 1.7pp0.7%within the sector's middle half▼ 1.1pp
Staff (FTE)0below the sector's middle half
above within below the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €857,808
Fixed assets €180,252 ▼ 9.2%
Current assets €677,556 ▲ 52.4%
Equity and liabilities €857,808
Equity €294,609 ▲ 2.2%
Debt €563,199 ▲ 58.8%
Debt's share of the balance-sheet total rises from 55.2% to 65.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,539▼
2024 · €37,691
Cash flow
€17,301▼
2024 · €23,018
Quick ratio
1.10▼
2024 · 2.59
Debt to equity
1.91▲
2024 · 1.23
ROE
2.1%▼
2024 · 4.0%
Interest coverage
3.24▼
2024 · 5.63
Debt ≤ 1 year
€318,187▲
2024 · €149,505
Debt > 1 year
€241,406▲
2024 · €205,136
Income taxes
€4,709▼
2024 · €8,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€642,974€857,808▲
Fixed assets21/28€198,421€180,252▼
Tangible fixed assets22/27€198,421€180,252▼
Land and buildings22€181,631€173,640▼
Plant, machinery and equipment23€5,867€6,613▲
Furniture and vehicles24€10,923€0▼
Current assets29/58€444,553€677,556▲
Stocks and contracts in progress3€56,901€326,081▲
Stocks30/36€56,901€326,081▲
Amounts receivable within one year40/41€282,158€273,800▼
Trade receivables40€208,004€214,678▲
Other amounts receivable41€74,155€59,122▼
Cash at bank and in hand54/58€54,417€36,082▼
Deferred charges and accrued income490/1€51,077€41,594▼
Equity and liabilities
Total equity and liabilities10/49€642,974€857,808▲
Equity10/15€288,334€294,609▲
Contributions10/11€18,600€18,600=
Reserves13€276,713€276,713=
Distributable reserves133€276,713€276,713=
Profit (loss) carried forward14-€6,979-€704▲
Amounts payable17/49€354,641€563,199▲
Amounts payable after more than one year17€205,136€241,406▲
Financial debts170/4€205,136€241,406▲
Amounts payable within one year42/48€149,505€318,187▲
Current portion of amounts payable after more than one year42€41,987€37,794▼
Financial debts43€758€191,494▲
Credit institutions430/8€758€191,494▲
Trade debts44€80,604€63,803▼
Suppliers440/4€80,604€63,803▼
Taxes, remuneration and social security45€8,425€4,709▼
Taxes450/3€8,425€4,709▼
Other amounts payable47/48€17,731€20,388▲
Accrued charges and deferred income492/3-€3,606
Income statement Code20242025
Non-recurring operating income76A-€9,738
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,350€11,026▼
Other operating charges640/8€4,760€2,826▼
Non-recurring operating charges66A€45,513€0▼
Gross operating margin9900€87,965€33,364▼
Operating profit (loss)9901€26,342€19,513▼
Financial income75/76B€302€899▲
Recurring financial income75€302€899▲
Financial charges65/66B€6,692€9,427▲
Recurring financial charges65€6,692€9,427▲
Profit (loss) for the period before taxes9903€19,952€10,985▼
Income taxes67/77€8,284€4,709▼
Profit (loss) for the period9904€11,668€6,276▼
Profit (loss) for the period to be appropriated9905€11,668€6,276▼
Appropriation of the result
Profit (loss) to be appropriated9906-€6,979-€704▲
Profit (loss) brought forward from the previous period14P-€18,647-€6,979▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A------€9,738-
Remuneration, social security and pensions62---€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,968€39,588€28,846€10,828€10,210€11,350€11,026▼ 2.9%
Other operating charges640/8---€2,644€4,970€4,760€2,826▼ 40.6%
Non-recurring operating charges66A---€2,182€0€45,513€0▼ 100%
Gross operating margin9900€74,714€61,911€9,351€42,847€27,544€87,965€33,364▼ 62.1%
Operating profit (loss)9901€34,997€21,700-€19,607€27,193€12,365€26,342€19,513▼ 25.9%
Financial income75/76B---€6,101€400€302€899▲ 197%
Recurring financial income75-€6,000€6,000€6,101€400€302€899▲ 197%
Financial charges65/66B---€16,466€7,263€6,692€9,427▲ 40.9%
Recurring financial charges65€14,383€9,901€8,618€16,466€7,263€6,692€9,427▲ 40.9%
Profit (loss) for the period before taxes9903€20,614€17,800-€22,225€16,828€5,501€19,952€10,985▼ 44.9%
Income taxes67/77€16,440€16,249€6,624€7,708€4,336€8,284€4,709▼ 43.2%
Profit (loss) for the period9904€4,174€1,551-€28,849€9,120€1,165€11,668€6,276▼ 46.2%
Profit (loss) for the period to be appropriated9905€4,174€1,551-€28,849€9,120€1,165€11,668€6,276▼ 46.2%
Line2019202020212022202320242025Change
Assets
Total assets20/58€834,945€845,861€777,959€803,028€723,377€642,974€857,808▲ 33.4%
Fixed assets21/28€287,897€252,872€223,121€204,470€194,260€198,421€180,252▼ 9.2%
Tangible fixed assets22/27€287,897€252,872€223,121€204,470€194,260€198,421€180,252▼ 9.2%
Land and buildings22---€197,614€189,623€181,631€173,640▼ 4.4%
Plant, machinery and equipment23---€6,856€4,638€5,867€6,613▲ 12.7%
Furniture and vehicles24---€0-€10,923€0▼ 100%
Current assets29/58€547,048€592,989€554,839€598,558€529,116€444,553€677,556▲ 52.4%
Amounts receivable after more than one year29---€150,000€0---
Trade receivables290---€150,000€0---
Stocks and contracts in progress3€26,486€132,027€111,130€19,700€96,700€56,901€326,081▲ 473%
Stocks30/36---€19,700€96,700€56,901€326,081▲ 473%
Amounts receivable within one year40/41€283,186€221,680€204,267€334,833€296,166€282,158€273,800▼ 3.0%
Trade receivables40---€174,073€172,199€208,004€214,678▲ 3.2%
Other amounts receivable41---€160,761€123,967€74,155€59,122▼ 20.3%
Cash at bank and in hand54/58€1,864€3,769€3,929€4,706€46,810€54,417€36,082▼ 33.7%
Deferred charges and accrued income490/1---€89,318€89,440€51,077€41,594▼ 18.6%
Equity and liabilities
Total equity and liabilities10/49€834,945€845,861€777,959€803,028€723,377€642,974€857,808▲ 33.4%
Equity10/15€293,762€295,313€266,463€275,583€276,749€288,334€294,609▲ 2.2%
Contributions10/11€18,600--€18,600€18,600€18,600€18,600=
Reserves13€270,988€275,162€276,713€276,713€276,713€276,713€276,713=
Non-distributable reserves130/1---€1,860€0---
Reserves not available under the articles1311---€1,860€0---
Distributable reserves133---€274,853€276,713€276,713€276,713=
Profit (loss) carried forward14€4,174€1,551-€28,849-€19,729-€18,564-€6,979-€704▲ 89.9%
Amounts payable17/49€541,183€550,548€511,496€527,445€446,628€354,641€563,199▲ 58.8%
Amounts payable after more than one year17€305,124€275,277€327,690€287,804€246,657€205,136€241,406▲ 17.7%
Financial debts170/4---€287,804€246,657€205,136€241,406▲ 17.7%
Amounts payable within one year42/48€236,060€275,271€183,806€239,641€199,971€149,505€318,187▲ 113%
Current portion of amounts payable after more than one year42---€39,390€41,147€41,987€37,794▼ 10.0%
Financial debts43---€10,456€0€758€191,494▲ 25,155%
Credit institutions430/8---€10,456€0€758€191,494▲ 25,155%
Trade debts44€104,763€134,670€122,089€116,007€140,008€80,604€63,803▼ 20.8%
Suppliers440/4---€116,007€140,008€80,604€63,803▼ 20.8%
Advances received on contracts in progress46---€7,464€0---
Taxes, remuneration and social security45---€22,415€8,696€8,425€4,709▼ 44.1%
Taxes450/3---€22,415€8,696€8,425€4,709▼ 44.1%
Other amounts payable47/48---€43,908€10,120€17,731€20,388▲ 15.0%
Accrued charges and deferred income492/3------€3,606-
Line2019202020212022202320242025Change
Profit (loss) for the period9904€4,174€1,551-€28,849€9,120€1,165€11,668€6,276▼ 46.2%
+ Depreciation and write-downs630€38,968€39,588€28,846€10,828€10,210€11,350€11,026▼ 2.9%
Operating cash flow (approximation)€43,142€41,139-€3€19,948€11,376€23,018€17,301▼ 24.8%
Investment in fixed assets (approximation)--€4,563€905€7,823€0-€15,511€7,143-
Change in cash-€1,905€160€778€42,104€7,607-€18,335-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 22-12-2025 2025-00589752
30-06-2024 micro format 03-02-2025 2025-00027140
30-06-2023 abbreviated format 30-01-2024 2024-00022523
30-06-2022 abbreviated format 30-01-2023 2023-00017520
30-06-2021 abbreviated format 03-01-2022 2022-00100206
30-06-2020 abbreviated format 18-02-2021 2021-05800037
30-06-2019 abbreviated format 24-01-2020 2020-02200263
30-06-2018 abbreviated format 22-01-2019 2019-01900203
30-06-2017 abbreviated format 15-01-2018 2018-01700439
30-06-2016 abbreviated format 15-12-2016 2016-70300032

Show all 22 filings

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