D.W.K.
ActiveD.W.K. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520k and a net result of €11k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+36
Solvency63▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.66 in 2024; short-term debt: 40.2% and cash: 22.1% of total assets), but 61.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
38.1%
Return on assets
0.8%
Age of the figures
15 mo
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
42 d early
2023
27 d early
2022
4 d early
2021
42 d early
2020
94 d early
2019
95 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€520k▲ 2.1%
2024 · €510k
2019: €619k
2020: €688k
2021: €732k
2022: €796k
2023: €636k
2024: €510k
2019 → 2025
Total assets
€1.36M▼ 0.2%
2024 · €1.37M
2019: €1.00M
2020: €1.24M
2021: €1.34M
2022: €1.34M
2023: €1.36M
2024: €1.37M
2019 → 2025
Net result
€11k
2024 · €-126k
2019: €66k
2020: €69k
2021: €44k
2022: €64k
2023: €-161k
2024: €-126k
2019 → 2025
Working capital
€347k▲ 9.3%
2024 · €318k
2019: €583k
2020: €461k
2021: €506k
2022: €633k
2023: €300k
2024: €318k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€732k-€796k▲ 8.8%€636k▼ 20.2%€510k▼ 19.8%€520k▲ 2.1%
Operating result€81k-€105k▲ 30.3%€-127k€-88k▲ 30.7%€60k
Net result€44k-€64k▲ 45.7%€-161k€-126k▲ 21.7%€11k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €60k after a loss of €88k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€469k▼ 17.3%
Current assets
€895k▲ 11.9%
Equity and liabilities €1.36M
Equity
€520k▲ 2.1%
Provisions
€38k▼ 35.0%
Debt
€806k▲ 0.9%
The debt ratio rises from 58.4% to 59.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158k▲
2024 · €22k
Cash flow
€109k▲
2024 · €-16k
Solvency
38.1%▲
2024 · 37.3%
Current ratio
1.63▼
2024 · 1.66
Quick ratio
0.96▲
2024 · 0.92
Debt / equity
1.55▼
2024 · 1.57
ROE
2.1%▲
2024 · -24.7%
ROA
0.8%▲
2024 · -9.2%
Interest coverage
3.41▲
2024 · 0.52
Debt
€806k▲
2024 · €799k
Debt ≤ 1 year
€548k▲
2024 · €483k
Debt > 1 year
€242k▼
2024 · €304k
Income taxes
€6k▲
2024 · €700
Staff costs
€878k▲
2024 · €727k
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€1.37M€1.36M▼
Fixed assets21/28€567k€469k▼
Intangible fixed assets21€13k€9k▼
Tangible fixed assets22/27€553k€459k▼
Land and buildings22€230k€192k▼
Plant, machinery and equipment23€313k€257k▼
Furniture and vehicles24€10k€10k▲
Financial fixed assets28€921€951▲
Current assets29/58€800k€895k▲
Stocks and contracts in progress3€358k€368k▲
Stocks30/36€358k€368k▲
Amounts receivable within one year40/41€151k€182k▲
Trade receivables40€151k€182k▲
Other amounts receivable41€30-
Current investments50/53€24k€24k▲
Cash at bank and in hand54/58€245k€302k▲
Deferred charges and accrued income490/1€22k€20k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.36M▼
Equity10/15€510k€520k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€665k€661k▼
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€16k€12k▼
Distributable reserves133€636k€636k=
Profit (loss) carried forward14€-279k€-264k▲
Provisions and deferred taxes16€59k€38k▼
Provisions for liabilities and charges160/5€52k€33k▼
Major repairs and maintenance162€24k-
Other liabilities and charges164/5€28k€33k▲
Deferred taxes168€7k€5k▼
Amounts payable17/49€799k€806k▲
Amounts payable after more than one year17€304k€242k▼
Financial debts170/4€304k€242k▼
Amounts payable within one year42/48€483k€548k▲
Current portion of amounts payable after more than one year42€245k€248k▲
Trade debts44€121k€172k▲
Suppliers440/4€121k€172k▲
Taxes, remuneration and social security45€115k€127k▲
Taxes450/3€24k€30k▲
Remuneration and social security454/9€91k€97k▲
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€13k€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€727k€878k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€98k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-19k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-1k€-19k▼
Other operating charges640/8€29k€29k▲
Gross operating margin9900€758k€1.05M▲
Operating profit (loss)9901€-88k€60k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€42k€46k▲
Recurring financial charges65€42k€46k▲
Profit (loss) for the period before taxes9903€-127k€15k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€700€6k▲
Profit (loss) for the period9904€-126k€11k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-122k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-279k€-264k▲
Profit (loss) brought forward from the previous period14P€-157k€-279k▼
Social balance
Average headcount (FTE)908714.114.1=
The notes to these accounts (13 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-161k ▼351%
Net result drops to €-161k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €69k ▲5.6%
Net result €69k, the highest in the series.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Arendonk · 1 establishment unit since 1988
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.
Hoge Mauw 2902370 ArendonkGround area
112 m²
Building footprint
112 m²
Volume, LiDAR
404 m³
Parcel 13322C0040/02D013, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hoge Mauw 290, 2370 Arendonk
since 19882.040.723.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C0040/02D013 | Flanders | 112 m² | 1 · 112 m² | 4.6 m · 1 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 2025 · 4 entries · 12,085 EUR awarded · 12,085 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 645 EUR | 645 EUR |
| 2024 | 1 | 2,179 EUR | 2,179 EUR |
| 2023 | 1 | 3,649 EUR | 3,649 EUR |
| 2022 | 1 | 5,612 EUR | 5,612 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
HABUFA BELGIUM
BE 0438.720.706
Lommel · Eq €519k
ZETELFABRIEK DURLET
BE 0449.784.050
Izegem · Eq €517k
DERVAUX EBENISTERIE
BE 0769.578.006
Tournai · Eq €510k
DIVACO
BE 0424.817.438
Gent · Eq €509k
BARBIER MEUBLES
BE 0406.708.924
Mettet · Eq €538k
Of 1,499 companies in sector 31004 we hold annual accounts for 620. 440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-09-1988
Fiscal year end30-06
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.