D.W. Construct
ActiveSummary
D.W. Construct has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €726,866 and a net result of €129,545. Equity is growing by about 7.6% per year across the filed financial years. Its solvency ranks better than 37% of 1,135 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 4.3 FTE
- Equity
- €726,866
- Profit
- €129,545
- Largest shareholder
- D.W. INVEST · 49%
Why 88raises riskLiquidity: current ratio 0.64, cash €86,888lowers riskFigures for financial year 2025 (filed 10-06-2026)Founded in 1999Size: 4.3 FTE, total assets €3.0mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 77, micro): better than 41% on solvency, 22% on liquidity, 61% on profitability and 74% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 38 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €129,545 ▲271%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 121% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: 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), Staff (FTE).
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 3,984 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €221,499 | €215,950 | €275,136 | €317,330 | €312,703 | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,807 | €111,629 | €117,204 | €150,118 | €125,438 | €157,299 | €192,068 | €185,129 | ▼ 3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,221 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €26,002 | €30,305 | €37,224 | €36,100 | €36,669 | ▲ 1.6% |
| Gross operating margin9900 | €230,408 | €323,146 | €369,514 | €454,234 | €551,830 | €539,428 | €647,743 | €760,221 | ▲ 17.4% |
| Operating profit (loss)9901 | €23,843 | €23,555 | €50,737 | €56,615 | €176,917 | €69,769 | €102,246 | €225,720 | ▲ 121% |
| Financial income75/76B | - | - | - | €6,725 | €959 | €589 | €853 | €63 | ▼ 92.7% |
| Recurring financial income75 | €1,478 | €256 | €1,108 | €1,017 | €959 | €589 | €853 | €63 | ▼ 92.7% |
| Non-recurring financial income76B | - | - | - | €5,708 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €36,929 | €76,676 | €56,826 | €59,334 | €49,665 | ▼ 16.3% |
| Recurring financial charges65 | €9,301 | €7,938 | €10,982 | €36,929 | €76,676 | €56,826 | €59,334 | €49,665 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €16,020 | €15,874 | €40,963 | €26,411 | €101,200 | €13,533 | €43,765 | €176,117 | ▲ 302% |
| Income taxes67/77 | €7,461 | - | €4,387 | €0 | €26,419 | -€2,902 | €8,852 | €46,572 | ▲ 426% |
| Profit (loss) for the period9904 | €8,559 | €15,874 | €36,576 | €26,411 | €74,781 | €16,435 | €34,913 | €129,545 | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €8,559 | €15,874 | €36,576 | €26,411 | €74,781 | €16,435 | €34,913 | €129,545 | ▲ 271% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.2m | €1.2m | €2.3m | €2.5m | €2.9m | €3.0m | €3.0m | ▼ 0.6% |
| Fixed assets21/28 | €0.5m | €0.7m | €0.6m | €1.5m | €1.6m | €2.0m | €2.0m | €1.9m | ▼ 6.0% |
| Tangible fixed assets22/27 | €0.5m | €0.7m | €0.6m | €1.5m | €1.6m | €2.0m | €2.0m | €1.9m | ▼ 6.0% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.05m | €0.08m | €0.1m | €0.1m | ▲ 9.2% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.6m | €0.7m | €0.6m | ▼ 9.9% |
| Leasing and similar rights25 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 17.5% |
| Financial fixed assets28 | €0.008m | €0.008m | €0.008m | €0.008m | €0.007m | €0 | - | - | - |
| Current assets29/58 | €0.4m | €0.5m | €0.6m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 10.5% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.6m | €0.6m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.6% |
| Trade receivables40 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | ▼ 7.0% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 2.2% |
| Cash at bank and in hand54/58 | €334 | €0.01m | €0.02m | €0.2m | €0.03m | €0.001m | €0.02m | €0.09m | ▲ 340% |
| Deferred charges and accrued income490/1 | - | - | - | €416 | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 28.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.2m | €1.2m | €2.3m | €2.5m | €2.9m | €3.0m | €3.0m | ▼ 0.6% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 21.7% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 30.0% |
| Amounts payable17/49 | €0.4m | €0.8m | €0.8m | €1.8m | €2.0m | €2.3m | €2.4m | €2.3m | ▼ 6.1% |
| Amounts payable after more than one year17 | €0.03m | €0.3m | €0.2m | €0.8m | €0.8m | €0.7m | €1.1m | €0.6m | ▼ 47.7% |
| Financial debts170/4 | - | - | - | €0.8m | €0.8m | €0.7m | €1.1m | €0.6m | ▼ 47.7% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €1.0m | €1.2m | €1.5m | €1.3m | €1.7m | ▲ 27.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 4.8% |
| Financial debts43 | - | - | - | €0.5m | €0.5m | €0.8m | €0.4m | €0.6m | ▲ 61.0% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.05m | €0.4m | €0.2m | €0.4m | ▲ 118% |
| Other loans439 | - | - | - | €0.5m | €0.5m | €0.5m | €0.2m | €0.1m | ▼ 9.5% |
| Trade debts44 | €0.3m | €0.4m | €0.5m | €0.4m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 28.5% |
| Suppliers440/4 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 28.5% |
| Taxes, remuneration and social security45 | - | - | - | €0 | €0.01m | €0.005m | €0.01m | €0.07m | ▲ 491% |
| Taxes450/3 | - | - | - | - | €0.01m | €0.005m | €0.01m | €0.06m | ▲ 429% |
| Remuneration and social security454/9 | - | - | - | €0 | - | €145 | €0 | €0.007m | - |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.03m | €0.02m | €0.2m | €0.1m | ▼ 32.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.04m | €0.07m | €0.003m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.009m | €0.02m | €0.04m | €0.03m | €0.07m | €0.02m | €0.03m | €0.1m | ▲ 271% |
| + Depreciation and write-downs630 | €0.08m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 3.6% |
| Operating cash flow (approximation) | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 38.6% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.05m | -€1.0m | -€0.2m | -€0.5m | -€0.2m | -€0.06m | ▲ 70.2% |
| Change in cash | - | €0.01m | €0.009m | €0.2m | -€0.1m | -€0.03m | €0.02m | €0.07m | ▲ 251% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00148429 |
| 31-12-2024 | abbreviated format | 19-06-2025 | 2025-00159081 |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00166119 |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00157752 |
| 31-12-2021 | abbreviated format | 07-06-2022 | 2022-20056939 |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-49100202 |
| 31-12-2019 | abbreviated format | 04-06-2020 | 2020-14800185 |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-49000202 |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-20400078 |
| 31-12-2016 | abbreviated format | 11-09-2017 | 2017-60700480 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €3,192 awarded · €3,121 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €51 | €51 |
| 2023 | 2 | €2,199 | €2,806 |
| 2022 | 1 | €942 | €264 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Permanent representatives 2
Other functions 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| D.W. INVEST |
|
| DIELTJENSWim |
|
| PETER NAETS |
|
Owners and capital
Owners
1 ownerOwners 1
-
49%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
4 connected companiesHistory
Acts, filings and financial milestones
28-09
Gazette deed
Resignations: PETERNAETS, D.W.INVEST and DIELTJENSWimReappointments: PETERNAETS, D.W.INVEST and DIELTJENSWim · Permanent representatives: NAETSPeter and DIELTJENSWim · Amendment of the articles13 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Director resignation, PETERNAETS (director)
- Director reappointment, PETERNAETS (niet statutairbestuurder)
- Permanent representative, NAETSPeter (vastevertegenwoordiger)
- Director resignation, D.W.INVEST (director)
- Director reappointment, D.W.INVEST (niet statutairbestuurder)
- Permanent representative, DIELTJENSWim (vastevertegenwoordiger)
- Director resignation, DIELTJENSWim (director)
- Director reappointment, DIELTJENSWim (niet statutairbestuurder)
- Other provision, “verslagbestuurdervoorwerpwijziging, vergaderingneemtkennis” (deed in Dutch)
- Purpose change
- +1 further fact in this act
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0465.961.373
Recognitions · licences · registrations
Recognised contractor
8 categories- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D10 Tilingclass 1, up to €162,000
- D13 Paintingclass 1, up to €162,000
- D23 Restoration by craftsmenclass 1, up to €162,000
- D24 Restoration of monumentsclass 1, up to €162,000
- F1 Assembly and dismantling (without supplies)class 1, up to €162,000
- F2 Steel load-bearing structuresclass 1, up to €162,000
- G5 Demolitionclass 1, up to €162,000
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12033A0091/00R000 | Flanders | 4,457 m² | 1 · 3,815 m² | 11.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Verhuur materieel, containerdienst; Verwerven en beheren van onroerende goederen of zakelijke rechten daarop, in België of in het…” (deed in Dutch)
15 activities (deed in Dutch)
- Verhuur materieel, containerdienst
- Verwerven en beheren van onroerende goederen of zakelijke rechten daarop, in België of in het buitenland;
- Vormen en beheren, uitsluitend voor eigen rekening, van een roerend patrimonium bestaande uit lichamelijke en onlichamelijke roerende goederen;
- Het huren, verhuren, in erfpacht of gebruik nemen van onroerende en/of roerende goederen;
- Het deelnemen in vennootschappen, bedrijven of associaties door inbreng, participaties, voorschotten;
- Het waarnemen, bekleden en uitoefenen van mandaten en functies van bestuurder en/of controle in vennootschappen of bedrijven behorende tot de groep en in aanverwante bedrijven;
- Handel in bouwmaterialen;
- Recyclage en afbraak van bouwafval;
- De vennootschap mag alle onroerende en roerende, industriële, commerciële en financiële verrichtingen doorvoeren die in verband staan met haar voorwerp;
- De vennootschap is bevoegd zonder uitzondering alle handelingen te verrichten die daartoe ncodzakelijk, nuttig of zelfs alleen maar bevorderlijk zijn;
- De vennootschap mag alle zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Alle werken die kunnen uitgevoerd worden in verband met het bouwen, verbouwen, renoveren, aanpassen van woningen, industriële gebouwen, handels- en kantoorgebouwen en alle mogelijke constructies, het aannemen en uitvoeren of laten uitvoeren van grondwerken, wegenwerken, aanplantingen, boringen, peilingen, uitdiepingen, waterbouwkundige werken, baggerwerken, funderingswerken, draineringswerken, niet-metalen kunstwerken, aanleg van bruggen en tunnels, algemene bouwwerken, ruwbouwwerken, restaureren van bouwwerken, bekistings- en ijzervlechtwerken, het bouwen van stellingen, voegwerken, reinigen van gevels, slopingswerken, plaatsen van afsluitingen, dakwerken, tegel & mozaïekwerken en andere muur- en vloerbekleding, isoleringswerken, pleister- en stukadoorswerken, cementeerwerken, gyprocwerken, chapewerken, steenhouwen, marmerwerken, parketwerk, schrijnwerk van hout, metaal, kunststof, ..., glaswerken, saneringswerken, asbestverwijderingswerken, schilder- en behangwerken, de installatie van centrale verwarming, gasverwarming, ventilatie en koeling, sanitaire installaties, het plaatsen van lood- en zinkwerk, het plaatsen van antennes en bliksemafleiders, vervaardiging van hijs en transportwerktuigen, installatie van liften en roltrappen, vervaardiging van hydraulische apparatuur, elektrische installaties, metaalconstructies, het leggen van kabels en diverse leidingen, aanleiding van pijpleidingen en hoogspanningsleidingen, aanleg van telecommunicatieleidingen en -netten, spoorlijnwerken, aanleg van speel- en sportterreinen en zwembaden, smeedwerken, telecommunicatie, uitgeverijen van software, onderneming voor het bouwen van koelkamers, kluizen, ... waterzuiveringswerken, toezicht op werven.
- Het verhuren, ter beschikking stellen van luxe persoonswagens met of zonder chauffeur.
- Het aankopen, leasen, verzamelen, verkopen of verhuren van alle soorten voertuigen dus ook exclusieve of ongewone voertuigen.
- Het organiseren van, of deeinemen aan: projecten, reizen, feesten en events van diverse aard, in opdracht van derden of op eigen initiatief.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- D.W. CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “België en buitenland, oprichten of opheffen” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “3, algemene vergadering” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL VI: ALGEMENE VERGADERING Artikel 23. Organisatie en bijeenroeping De gewone algemene vergadering wordt jaarlijks gehouden op de vierde…” (deed in Dutch)