DE KARWEI

Active

Private limited companyfounded 20233 yrs activeSpoorwegbeek 10, 8902 Ieper, BelgiumKBO/BCE: BE 0795.988.532

The computed 12-month bankruptcy probability of DE KARWEI is 2.4% (moderate). The 2025 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 27386 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

73 / 100

Healthy= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability77▼-23

Solvency55▲+14

Growth52=

Stability94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.2 against 1.06 in 2024), and 68.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

31.8%

Return on assets

4.9%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

35 d early

2024

15 d early

2023

9 d early

← before the deadline after the deadline →

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

14-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€31k▲ 18.2%

2024 · €26k

2023: €16k 2024: €26k

2023 → 2025

Total assets

€96k▼ 3.4%

2024 · €100k

2023: €108k 2024: €100k

2023 → 2025

Net result

€5k▼ 52.7%

2024 · €10k

2023: €11k 2024: €10k

2023 → 2025

Working capital

€11k▲ 259%

2024 · €3k

2023: €-11k 2024: €3k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€16k-€26k▲ 62.8%€31k▲ 18.2%

Operating result€16k-€14k▼ 12.0%€7k▼ 48.0%

Net result€11k-€10k▼ 10.1%€5k▼ 52.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €96k

31.0%

69.0%

Fixed assets €30k▼ 30.5%

Current assets €66k▲ 17.1%

Equity and liabilities €96k

31.8%

68.2%

Equity €31k▲ 18.2%

Debt €66k▼ 11.0%

The debt ratio falls from 74.1% to 68.2%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€21k▼

2024 · €28k

Cash flow

€19k▼

2024 · €24k

Solvency

31.8%▲

2024 · 25.9%

Current ratio

1.20▲

2024 · 1.06

Quick ratio

0.92▲

2024 · 0.74

Debt / equity

2.15▼

2024 · 2.85

ROE

15.4%▼

2024 · 38.6%

ROA

4.9%▼

2024 · 10.0%

Interest coverage

22.84▼

2024 · 23.63

Debt

€66k▼

2024 · €74k

Debt ≤ 1 year

€55k▲

2024 · €54k

Debt > 1 year

€10k▼

2024 · €20k

Income taxes

€2k▼

2024 · €3k

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€100k€96k▼

Fixed assets21/28€43k€30k▼

Intangible fixed assets21€1€0▼

Tangible fixed assets22/27€42k€29k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€39k€27k▼

Financial fixed assets28€1k€1k=

Current assets29/58€57k€66k▲

Stocks and contracts in progress3€17k€15k▼

Stocks30/36€2k€1k▼

Contracts in progress37€15k€14k▼

Amounts receivable within one year40/41€11k€19k▲

Trade receivables40€11k€16k▲

Other amounts receivable41€895€3k▲

Cash at bank and in hand54/58€28k€31k▲

Deferred charges and accrued income490/1€650€688▲

Equity and liabilities

Total equity and liabilities10/49€100k€96k▼

Equity10/15€26k€31k▲

Contributions10/11€5k€5k=

Reserves13€21k€26k▲

Distributable reserves133€21k€26k▲

Amounts payable17/49€74k€66k▼

Amounts payable after more than one year17€20k€10k▼

Financial debts170/4€20k€10k▼

Amounts payable within one year42/48€54k€55k▲

Current portion of amounts payable after more than one year42€10k€10k▲

Trade debts44€3k€6k▲

Suppliers440/4€3k€6k▲

Taxes, remuneration and social security45€193€2k▲

Taxes450/3€193€0▼

Remuneration and social security454/9€0€2k▲

Other amounts payable47/48€41k€38k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=

Other operating charges640/8€461€2k▲

Non-recurring operating charges66A€0-

Gross operating margin9900€28k€23k▼

Operating profit (loss)9901€14k€7k▼

Financial income75/76B€10€2▼

Recurring financial income75€10€2▼

Financial charges65/66B€1k€923▼

Recurring financial charges65€1k€923▼

Profit (loss) for the period before taxes9903€13k€6k▼

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€10k€5k▼

Profit (loss) for the period to be appropriated9905€10k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€10k€5k▼

Transfer to equity691/2€10k€5k▼

To other reserves6921€10k€5k▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €5k ▼52.7%

Net result drops to €5k, the lowest in the series.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

22-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ieper · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Spoorwegbeek 108902 Ieper

Ground area

628 m²

Building footprint

115 m²

Volume, LiDAR

608 m³

Parcel 33036C0364/00L000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DE KARWEI

Spoorwegbeek 10, 8902 IeperManufacture of metal structures and parts of structures

since 20232.340.350.969

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33036C0364/00L000	Flanders	628 m²	1 · 115 m²	8.1 m · 2 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.

Similar companies · same sector, comparable size

AC Déco-design

BE 0763.990.311

Elsene · Eq €31k

KARAKAS PLEISTERWERKEN

BE 0772.358.639

Maasmechelen · Eq €31k

Profondeville · Eq €31k

BDP PLAFONNAGE

BE 0801.507.634

Wezembeek-Oppem · Eq €30k

Of 3,987 companies in sector 43310 we hold annual accounts for 1,736. 1,450 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-01-2023

Fiscal year end31-12

Activities, NACEBEL

43310Plastering work

43211General electrical installation work

43221Plumbing work

43230Insulation installation

43291Specialised construction activities

43320Joinery installation

43341Painting of buildings

95240Repair and maintenance of furniture and upholstery

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.