DAWAP
ActiveSummary
DAWAP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €173,714 and a net result of €34,019. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-2
Solvency75▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.24 in 2023; short-term debt: 49.8% and cash: 76.5% of total assets), but 50% of the assets are financed with debt.
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Signals
Three 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
23 d late
2022
12 d early
2021
6 d early
2020
13 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€173,714▲ 24.4%
2023 · €139,695
Total assets
€347,696▲ 0.6%
2023 · €345,609
Net result
€34,019▼ 13.5%
2023 · €39,317
Working capital
€97,663▲ 97.0%
2023 · €49,586
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Operating result€9,040▼ 64.8%€21,846▲ 142%€41,448▲ 89.7%€67,579▲ 63.0%€50,966▼ 24.6%
Net result€4,596within the sector's middle half▼ 77.6%€14,536within the sector's middle half▲ 216%€22,347within the sector's middle half▲ 53.7%€39,317within the sector's middle half▲ 75.9%€34,019within the sector's middle half▼ 13.5%
Equity€63,494within the sector's middle half▲ 7.8%€78,031within the sector's middle half▲ 22.9%€100,378within the sector's middle half▲ 28.6%€139,695within the sector's middle half▲ 39.2%€173,714above the sector's middle half▲ 24.4%
Total assets€298,290within the sector's middle half▲ 5.9%€296,984within the sector's middle half▼ 0.4%€325,512within the sector's middle half▲ 9.6%€345,609above the sector's middle half▲ 6.2%€347,696above the sector's middle half▲ 0.6%
Debt€234,796▲ 5.3%€218,953▼ 6.7%€225,135▲ 2.8%€205,914▼ 8.5%€173,982▼ 15.5%
Working capital-€11,016below the sector's middle half▲ 17.0%-€1,194below the sector's middle half▲ 89.2%€20,655within the sector's middle half€49,586within the sector's middle half▲ 140%€97,663within the sector's middle half▲ 97.0%
Solvency21.3%within the sector's middle half▲ 0.4pp26.3%within the sector's middle half▲ 5.0pp30.8%within the sector's middle half▲ 4.6pp40.4%within the sector's middle half▲ 9.6pp50.0%within the sector's middle half▲ 9.5pp
Current ratio0.94below the sector's middle half▲ 0.030.99below the sector's middle half▲ 0.061.10within the sector's middle half▲ 0.111.24within the sector's middle half▲ 0.141.56within the sector's middle half▲ 0.32
Return on assets (ROA)1.5%within the sector's middle half▼ 5.7pp4.9%within the sector's middle half▲ 3.4pp6.9%within the sector's middle half▲ 2.0pp11.4%within the sector's middle half▲ 4.5pp9.8%within the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €347,696
Fixed assets
€76,737 ▼ 14.8%
Current assets
€270,959 ▲ 6.1%
Equity and liabilities €347,696
Equity
€173,714 ▲ 24.4%
Debt
€173,982 ▼ 15.5%
Debt's share of the balance-sheet total falls from 59.6% to 50.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,980▼
2023 · €84,471
Cash flow
€50,033▼
2023 · €56,210
Debt to equity
1.00▼
2023 · 1.47
ROE
19.6%▼
2023 · 28.1%
Interest coverage
91.35▲
2023 · 8.68
Debt ≤ 1 year
€173,296▼
2023 · €205,914
Income taxes
€16,214▼
2023 · €18,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,827 | €16,418 | €16,558 | €16,892 | €16,014 | ▼ 5.2% |
| Other operating charges640/8 | - | €1,163 | €1,179 | €1,322 | €1,359 | ▲ 2.8% |
| Gross operating margin9900 | €30,024 | €39,428 | €59,185 | €85,793 | €68,338 | ▼ 20.3% |
| Operating profit (loss)9901 | €9,040 | €21,846 | €41,448 | €67,579 | €50,966 | ▼ 24.6% |
| Financial income75/76B | - | €33 | - | - | €0 | - |
| Recurring financial income75 | €1 | €33 | - | - | €0 | - |
| Financial charges65/66B | - | €2,960 | €10,541 | €9,735 | €733 | ▼ 92.5% |
| Recurring financial charges65 | €3,986 | €2,960 | €10,541 | €9,735 | €733 | ▼ 92.5% |
| Profit (loss) for the period before taxes9903 | €5,055 | €18,919 | €30,907 | €57,844 | €50,233 | ▼ 13.2% |
| Income taxes67/77 | €460 | €4,383 | €8,560 | €18,526 | €16,214 | ▼ 12.5% |
| Profit (loss) for the period9904 | €4,596 | €14,536 | €22,347 | €39,317 | €34,019 | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €4,596 | €14,536 | €22,347 | €39,317 | €34,019 | ▼ 13.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,290 | €296,984 | €325,512 | €345,609 | €347,696 | ▲ 0.6% |
| Fixed assets21/28 | €136,452 | €120,033 | €104,744 | €90,109 | €76,737 | ▼ 14.8% |
| Tangible fixed assets22/27 | €136,414 | €119,995 | €104,706 | €90,071 | €76,699 | ▼ 14.8% |
| Land and buildings22 | - | €67,193 | €62,713 | €58,233 | €53,753 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | €51,395 | €40,116 | €29,582 | €19,699 | ▼ 33.4% |
| Furniture and vehicles24 | - | €1,407 | €1,877 | €2,256 | €3,247 | ▲ 43.9% |
| Financial fixed assets28 | €38 | €38 | €38 | €38 | €38 | = |
| Current assets29/58 | €161,838 | €176,950 | €220,768 | €255,500 | €270,959 | ▲ 6.1% |
| Amounts receivable within one year40/41 | €7,485 | €15,956 | €22,500 | €20,163 | €3,872 | ▼ 80.8% |
| Trade receivables40 | - | €15,149 | €22,500 | €20,163 | €3,872 | ▼ 80.8% |
| Other amounts receivable41 | - | €807 | - | - | - | - |
| Cash at bank and in hand54/58 | €151,943 | €160,252 | €198,077 | €234,206 | €266,149 | ▲ 13.6% |
| Deferred charges and accrued income490/1 | - | €742 | €191 | €1,131 | €937 | ▼ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,290 | €296,984 | €325,512 | €345,609 | €347,696 | ▲ 0.6% |
| Equity10/15 | €63,494 | €78,031 | €100,378 | €139,695 | €173,714 | ▲ 24.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Reserves13 | €46,821 | €46,821 | €66,821 | €106,821 | €137,961 | ▲ 29.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | - | €36,961 | €56,961 | €96,961 | €129,961 | ▲ 34.0% |
| Profit (loss) carried forward14 | -€1,927 | €12,609 | €14,956 | €14,274 | €15,293 | ▲ 7.1% |
| Amounts payable17/49 | €234,796 | €218,953 | €225,135 | €205,914 | €173,982 | ▼ 15.5% |
| Amounts payable after more than one year17 | €61,942 | €40,809 | €25,021 | - | - | - |
| Financial debts170/4 | - | €40,809 | €25,021 | - | - | - |
| Amounts payable within one year42/48 | €172,854 | €178,144 | €200,113 | €205,914 | €173,296 | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,608 | - | - |
| Trade debts44 | €7,155 | €609 | €1,036 | €2,822 | €1,020 | ▼ 63.9% |
| Suppliers440/4 | - | €609 | €1,036 | €2,822 | €1,020 | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | €12,369 | €20,973 | €24,376 | €11,341 | ▼ 53.5% |
| Taxes450/3 | - | €12,369 | €20,973 | €24,376 | €11,341 | ▼ 53.5% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | €165,166 | €178,105 | €168,108 | €160,935 | ▼ 4.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €686 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,596 | €14,536 | €22,347 | €39,317 | €34,019 | ▼ 13.5% |
| + Depreciation and write-downs630 | €19,827 | €16,418 | €16,558 | €16,892 | €16,014 | ▼ 5.2% |
| Operating cash flow (approximation) | €24,422 | €30,955 | €38,906 | €56,210 | €50,033 | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | €0 | -€1,269 | -€2,257 | -€2,643 | ▼ 17.1% |
| Change in cash | - | €8,309 | €37,825 | €36,128 | €31,943 | ▼ 11.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €173,714 ▲24.4%
6 profitable years in a row build equity to €173,714.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €39,317 ▲75.9%
Operating result €67,579, net result €39,317, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €100,378 ▲28.6%
4 profitable years in a row build equity to €100,378.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Back to profitnet €20,514
Net result €20,514 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 2003
Ground area
897 m²
Building footprint
716 m²
Volume, LiDAR
6,548 m³
2 parcels, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DAWAP
since 20032.115.245.148
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0023/00E003 | Brussels | 812 m² | 1 · 632 m² | 17.9 m · 2 fl. |
| 21019A0116/00K009 | Brussels | 85 m² | 1 · 83 m² | 17.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,875 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
Founded05-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477271771
Also
9925:BE0477271771
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.