DE NAUW
ActiveDE NAUW has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €20k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (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
Profitability51▲+5
Solvency64▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.81 in 2024; short-term debt: 12.2% and cash: 20% of total assets), but 60.7% 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
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
Sector 43
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 2025Solvency, return and age of the figures
Solvency
39.3%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
29 d early
2022
20 d early
2021
33 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€291k▼ 3.9%
2024 · €302k
2018: €199k
2019: €186k
2020: €217k
2021: €240k
2022: €255k
2023: €306k
2024: €302k
2018 → 2025
Total assets
€739k▼ 0.3%
2024 · €741k
2018: €290k
2019: €252k
2020: €243k
2021: €251k
2022: €722k
2023: €752k
2024: €741k
2018 → 2025
Net result
€20k▲ 18.8%
2024 · €17k
2018: €4k
2019: €17k
2020: €31k
2021: €23k
2022: €15k
2023: €51k
2024: €17k
2018 → 2025
Working capital
€88k▼ 15.8%
2024 · €104k
2018: €72k
2019: €63k
2020: €91k
2021: €128k
2022: €85k
2023: €111k
2024: €104k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€240k-€255k▲ 6.2%€306k▲ 20.1%€302k▼ 1.3%€291k▼ 3.9%
Operating result€34k-€22k▼ 34.8%€85k▲ 278%€49k▼ 41.8%€55k▲ 11.0%
Net result€23k-€15k▼ 35.7%€51k▲ 244%€17k▼ 67.7%€20k▲ 18.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739k
Fixed assets
€561k▼ 3.2%
Current assets
€178k▲ 10.1%
Equity and liabilities €739k
Equity
€291k▼ 3.9%
Debt
€449k▲ 2.2%
The debt ratio rises from 59.2% to 60.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▲
2024 · €73k
Cash flow
€44k▲
2024 · €41k
Solvency
39.3%▼
2024 · 40.8%
Current ratio
1.97▼
2024 · 2.81
Quick ratio
1.97▼
2024 · 2.81
Debt / equity
1.54▲
2024 · 1.45
ROE
6.8%▲
2024 · 5.5%
ROA
2.7%▲
2024 · 2.2%
Interest coverage
3.47▲
2024 · 2.89
Debt
€449k▲
2024 · €439k
Debt ≤ 1 year
€90k▲
2024 · €58k
Debt > 1 year
€356k▼
2024 · €381k
Income taxes
€12k▲
2024 · €7k
Staff costs
€497
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€741k€739k▼
Fixed assets21/28€580k€561k▼
Tangible fixed assets22/27€580k€561k▼
Land and buildings22€81k€79k▼
Plant, machinery and equipment23€1k€729▼
Furniture and vehicles24€3k€5k▲
Leasing and similar rights25€485k€468k▼
Other tangible fixed assets26€10k€9k▼
Current assets29/58€162k€178k▲
Amounts receivable within one year40/41€20k€28k▲
Trade receivables40€3k€24k▲
Other amounts receivable41€18k€4k▼
Cash at bank and in hand54/58€140k€148k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€741k€739k▼
Equity10/15€302k€291k▼
Contributions10/11€6k€6k=
Reserves13€296k€285k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€294k€283k▼
Amounts payable17/49€439k€449k▲
Amounts payable after more than one year17€381k€356k▼
Financial debts170/4€381k€356k▼
Amounts payable within one year42/48€58k€90k▲
Current portion of amounts payable after more than one year42€24k€25k▲
Trade debts44€7k€26k▲
Suppliers440/4€7k€26k▲
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€7k€7k▼
Other amounts payable47/48€20k€33k▲
Accrued charges and deferred income492/3€500€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€497
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€79k€86k▲
Operating profit (loss)9901€49k€55k▲
Financial charges65/66B€25k€23k▼
Recurring financial charges65€25k€23k▼
Profit (loss) for the period before taxes9903€24k€32k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€17k€20k▲
Profit (loss) for the period to be appropriated9905€17k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€20k▲
Transfer from equity791/2€21k€31k▲
Transfer to equity691/2€17k€20k▲
To other reserves6921€17k€20k▲
Profit to be distributed694/7€21k€31k▲
Return on contributions (dividend)694€21k€31k▲
The notes to these accounts (6 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €51k ▲244%
Operating result €85k, net result €51k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 13.32
Current ratio from 4.58 to 13.32; short-term debt falls from €26k to €10k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.58
Current ratio from 2.19 to 4.58; short-term debt falls from €52k to €26k.
31-12
Financial
Equity above €200kEq €217k ▲16.9%
3 profitable years in a row build equity to €217k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 2 establishment units since 2002
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.
Flierenboomstraat(Voo) 99400 NinoveGround area
1,188 m²
Building footprint
164 m²
Volume, LiDAR
634 m³
Parcel 41073A0708/00P000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Flierenboomstraat(Voo) 9 A, 9400 Ninove
since 20022.115.534.366
Diebeke(Sch) 17, 9500 Geraardsbergen
since 20222.338.695.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41073A0708/00P000 | Flanders | 1,188 m² | 1 · 164 m² | 7.0 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesDE NAUW BV27740
Similar companies · same sector, comparable size
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Basart
BE 0717.729.724
Schoten · Eq €291k
MAXIM INTERIORS
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VYNCK JOHAN
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,664. 1,841 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2002
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43333Wallpapering and laying of floor and wall coverings in other materials
43343Specialised construction activities
45433
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.