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DANWATT

Active
Private limited companyfounded 20241 yr activeTuinstraat 71, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 1016.825.165
Summary

The computed 12-month bankruptcy probability of DANWATT is 1.9% (moderate). The annual accounts of DANWATT for fiscal year 2025 show a net loss of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €1,055 and a net result of -€5,438. Its solvency ranks better than 10% of 28184 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability24▼-76
Solvency26▼-35
Growth32
Track record82
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.66 against 1.57 in 2024; short-term debt: 48.2% and cash: 0.5% of total assets), and 99.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-3.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28184 sector peers (2025).
NBB · sector comparison
Position among 28184 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 2 filings
Deviation from the deadline
2025
12 d late
2024
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DANWATT was incorporated on 2 December 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,055▼ 83.7%
2024 · €6,493
Total assets
€177,501▲ 891%
2024 · €17,916
Net result
-€5,438
2024 · €6,159
Working capital
-€28,929
2024 · €6,493
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€8,249--€2,671
Net result€6,159within the sector's middle half--€5,438below the sector's middle half
Equity€6,493below the sector's middle half-€1,055below the sector's middle half▼ 83.7%
Total assets€17,916below the sector's middle half-€177,501within the sector's middle half▲ 891%
Debt€11,423-€176,446▲ 1,445%
Working capital€6,493--€28,929
Solvency36.2%within the sector's middle half-0.6%below the sector's middle half▼ 35.6pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2024: €8,249€8,249Net result 2024: €6,159€6,159Operating result 2025: -€2,671-€2,671Net result 2025: -€5,438-€5,43820242025-€10,000-€5,000€0€5,000€10,000Operating result 2024: €8,249€8,250Net result 2024: €6,159€6,160Operating result 2025: -€2,671-€2,670Net result 2025: -€5,438-€5,44020242025
The operating result turns negative in 2025: a loss of €2,671 after €8,249 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,501
Fixed assets €120,941
Current assets €56,560
Equity and liabilities €177,501
Equity €1,055 ▼ 83.7%
Debt €176,446 ▲ 1,445%
Debt's share of the balance-sheet total rises from 63.8% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,105
Cash flow
€337
Current ratio
0.66▼
2024 · 1.57
Quick ratio
0.23▼
2024 · 1.57
ROE
-515.4%▼
2024 · 94.9%
ROA
-3.1%▼
2024 · 34.4%
Interest coverage
1.11
Debt ≤ 1 year
€85,489▲
2024 · €11,423
Debt > 1 year
€90,916
A ratio outside any meaningful range has been withheld (balance sheet total €177,501, equity €1,055).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 280 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 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€17,916€177,501▲
Fixed assets21/28-€120,941
Intangible fixed assets21-€2,719
Tangible fixed assets22/27-€118,222
Land and buildings22-€109,876
Plant, machinery and equipment23-€3,336
Furniture and vehicles24-€5,010
Current assets29/58€17,916€56,560▲
Stocks and contracts in progress3-€37,266
Stocks30/36-€37,266
Amounts receivable within one year40/41€4,279€18,222▲
Trade receivables40€4,279€11,551▲
Other amounts receivable41-€6,670
Cash at bank and in hand54/58€13,628€893▼
Deferred charges and accrued income490/1€9€179▲
Equity and liabilities
Total equity and liabilities10/49€17,916€177,501▲
Equity10/15€6,493€1,055▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€4,493-€945▼
Amounts payable17/49€11,423€176,446▲
Amounts payable after more than one year17-€90,916
Financial debts170/4-€90,916
Amounts payable within one year42/48€11,423€85,489▲
Current portion of amounts payable after more than one year42-€5,267
Trade debts44€7,326€41,403▲
Suppliers440/4€7,326€41,403▲
Advances received on contracts in progress46-€31,425
Taxes, remuneration and social security45€2,367-
Taxes450/3€2,367-
Other amounts payable47/48€1,729€7,394▲
Accrued charges and deferred income492/3-€41
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,775
Other operating charges640/8€387€711▲
Gross operating margin9900€8,636€3,815▼
Operating profit (loss)9901€8,249-€2,671▼
Financial income75/76B-€32
Recurring financial income75-€32
Financial charges65/66B€3€2,799▲
Recurring financial charges65€3€2,799▲
Profit (loss) for the period before taxes9903€8,246-€5,438▼
Income taxes67/77€2,087-
Profit (loss) for the period9904€6,159-€5,438▼
Profit (loss) for the period to be appropriated9905€6,159-€5,438▼
Appropriation of the result
Profit (loss) to be appropriated9906€6,159-€945▼
Profit (loss) brought forward from the previous period14P-€4,493
Profit to be distributed694/7€1,666-
Return on contributions (dividend)694€1,666-

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,775-
Other operating charges640/8€387€711▲ 83.5%
Gross operating margin9900€8,636€3,815▼ 55.8%
Operating profit (loss)9901€8,249-€2,671▼ 132%
Financial income75/76B-€32-
Recurring financial income75-€32-
Financial charges65/66B€3€2,799▲ 110,969%
Recurring financial charges65€3€2,799▲ 110,969%
Profit (loss) for the period before taxes9903€8,246-€5,438▼ 166%
Income taxes67/77€2,087--
Profit (loss) for the period9904€6,159-€5,438▼ 188%
Profit (loss) for the period to be appropriated9905€6,159-€5,438▼ 188%
Line20242025Change
Assets
Total assets20/58€17,916€177,501▲ 891%
Fixed assets21/28-€120,941-
Intangible fixed assets21-€2,719-
Tangible fixed assets22/27-€118,222-
Land and buildings22-€109,876-
Plant, machinery and equipment23-€3,336-
Furniture and vehicles24-€5,010-
Current assets29/58€17,916€56,560▲ 216%
Stocks and contracts in progress3-€37,266-
Stocks30/36-€37,266-
Amounts receivable within one year40/41€4,279€18,222▲ 326%
Trade receivables40€4,279€11,551▲ 170%
Other amounts receivable41-€6,670-
Cash at bank and in hand54/58€13,628€893▼ 93.4%
Deferred charges and accrued income490/1€9€179▲ 1,885%
Equity and liabilities
Total equity and liabilities10/49€17,916€177,501▲ 891%
Equity10/15€6,493€1,055▼ 83.7%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€4,493-€945▼ 121%
Amounts payable17/49€11,423€176,446▲ 1,445%
Amounts payable after more than one year17-€90,916-
Financial debts170/4-€90,916-
Amounts payable within one year42/48€11,423€85,489▲ 648%
Current portion of amounts payable after more than one year42-€5,267-
Trade debts44€7,326€41,403▲ 465%
Suppliers440/4€7,326€41,403▲ 465%
Advances received on contracts in progress46-€31,425-
Taxes, remuneration and social security45€2,367--
Taxes450/3€2,367--
Other amounts payable47/48€1,729€7,394▲ 328%
Accrued charges and deferred income492/3-€41-
Line20242025Change
Profit (loss) for the period9904€6,159-€5,438▼ 188%
+ Depreciation and write-downs630-€5,775-
Operating cash flow (approximation)€6,159€337▼ 94.5%
Change in cash--€12,735-

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
14-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Merelbeke-Melle · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
388 m²
Building footprint
75 m²
Volume, LiDAR
610 m³
Parcel 44402A0374/00H004, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DANWATT
Tuinstraat 71, 9090 Merelbeke-MelleGeneral electrical installation work
since 20242.366.948.864
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44402A0374/00H004 Flanders 388 m² 1 · 75 m² 11.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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

2024 to 2025 · 2 entries · 411 EUR awarded · 206 EUR paid
Year Entries awardedpaid
2025 1 0 EUR206 EUR
2024 1 411 EUR0 EUR
Schemes
2 entries · 411 EUR · 206 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

6 categories
DANWATT BV44549
category D16, class 1 · category D17, class 1 · category D18, class 1 · category P1, class 1 · category P2, class 1 · category P3, class 1
decision 07-01-2025

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 1,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016825165
Also 9925:BE1016825165
Registered 17-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.