DE GRAUWE Willy
ActiveDE GRAUWE Willy has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.96M and a net result of €192k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 2096 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+8
Solvency100▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity ample (current ratio 2.23 against 1.88 in 2023; short-term debt: 21.6% and cash: 15.7% of total assets), and 23.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.2%
Return on assets
7.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
177 d late
2022
102 d late
2021
97 d late
2020
114 d late
2019
142 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.96M▲ 10.8%
2023 · €1.77M
2018: €1.40M
2019: €1.05M
2020: €1.32M
2021: €1.53M
2022: €1.73M
2023: €1.77M
2018 → 2024
Total assets
€2.57M▼ 10.8%
2023 · €2.88M
2018: €2.75M
2019: €3.21M
2020: €2.60M
2021: €3.08M
2022: €4.96M
2023: €2.88M
2018 → 2024
Net result
€192k▲ 464%
2023 · €34k
2018: €264k
2019: €208k
2020: €264k
2021: €206k
2022: €209k
2023: €34k
2018 → 2024
Working capital
€687k▼ 26.1%
2023 · €929k
2018: €1.60M
2019: €962k
2020: €508k
2021: €637k
2022: €874k
2023: €929k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.32M-€1.53M▲ 15.5%€1.73M▲ 13.6%€1.77M▲ 1.9%€1.96M▲ 10.8%
Operating result€371k-€277k▼ 25.4%€339k▲ 22.4%€47k▼ 86.0%€165k▲ 247%
Net result€264k-€206k▼ 21.9%€209k▲ 1.3%€34k▼ 83.7%€192k▲ 464%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 247% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.57M
Fixed assets
€1.33M▲ 48.0%
Current assets
€1.24M▼ 37.4%
Equity and liabilities €2.57M
Equity
€1.96M▲ 10.8%
Provisions
€53k▼ 3.5%
Debt
€558k▼ 47.3%
The debt ratio falls from 36.8% to 21.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214k▲
2023 · €85k
Cash flow
€242k▲
2023 · €72k
Solvency
76.2%▲
2023 · 61.3%
Current ratio
2.23▲
2023 · 1.88
Quick ratio
2.13▲
2023 · 1.35
Debt / equity
0.29▼
2023 · 0.60
ROE
9.8%▲
2023 · 1.9%
ROA
7.5%▲
2023 · 1.2%
Interest coverage
27.05▼
2023 · 28.03
Debt
€558k▼
2023 · €1.06M
Debt ≤ 1 year
€556k▼
2023 · €1.06M
Income taxes
€80k▲
2023 · €18k
Staff costs
€234k▼
2023 · €244k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.88M€2.57M▼
Fixed assets21/28€897k€1.33M▲
Tangible fixed assets22/27€897k€1.33M▲
Land and buildings22€884k€1.24M▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€9k€85k▲
Current assets29/58€1.98M€1.24M▼
Stocks and contracts in progress3€563k€56k▼
Stocks30/36€563k€56k▼
Amounts receivable within one year40/41€868k€776k▼
Trade receivables40€775k€683k▼
Other amounts receivable41€93k€93k▲
Current investments50/53€730€730=
Cash at bank and in hand54/58€540k€405k▼
Deferred charges and accrued income490/1€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.88M€2.57M▼
Equity10/15€1.77M€1.96M▲
Contributions10/11€19k€19k=
Reserves13€1.75M€1.94M▲
Non-distributable reserves130/1€28k€28k=
Reserves not available under the articles1311€28k€28k=
Tax-exempt reserves132€221k€216k▼
Distributable reserves133€1.50M€1.70M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€55k€53k▼
Deferred taxes168€55k€53k▼
Amounts payable17/49€1.06M€558k▼
Amounts payable within one year42/48€1.06M€556k▼
Financial debts43€79€0▼
Credit institutions430/8€79€0▼
Trade debts44€72k€2k▼
Suppliers440/4€72k€2k▼
Advances received on contracts in progress46€731k€497k▼
Taxes, remuneration and social security45€248k€55k▼
Taxes450/3€237k€51k▼
Remuneration and social security454/9€11k€3k▼
Other amounts payable47/48€4k€3k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€244k€234k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€7k€2k▼
Gross operating margin9900€336k€450k▲
Operating profit (loss)9901€47k€165k▲
Financial income75/76B€4k€114k▲
Recurring financial income75€4k€1k▼
Non-recurring financial income76B-€112k
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€49k€270k▲
Transfer from deferred taxes780€3k€2k▼
Income taxes67/77€18k€80k▲
Profit (loss) for the period9904€34k€192k▲
Transfer from tax-exempt reserves789€10k€6k▼
Profit (loss) for the period to be appropriated9905€44k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€198k▲
Transfer to equity691/2€43k€197k▲
To other reserves6921€43k€197k▲
Profit to be distributed694/7€900€800▼
Directors or managers695€900€800▼
Social balance
Average headcount (FTE)90875.40.0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 177 days late
2023
31-12
Financial
Weakest financial yearnet €34k ▼83.7%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 102 days late
2022
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 97 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 114 days late
2020
31-12
Financial
Highest result since 2018net €264k ▲26.9%
Net result €264k, the highest in the series.
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 142 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
03-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Dendermonde · 1 establishment unit since 1994
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.
Hoofdstraat (APP) 149200 DendermondeGround area
1,123 m²
Building footprint
285 m²
Volume, LiDAR
1,479 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heirstraat (APP) 19, 9200 Dendermonde
since 19942.069.331.286
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42001B0145/00N000 | Flanders | 814 m² | 1 · 140 m² | 9.7 m · 2 fl. |
| 42001A0428/00Y000 | Flanders | 309 m² | 1 · 146 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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VLD +
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DEVEBO
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 4,108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-1994
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.