De Wael Services
ActiveSummary
De Wael Services has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €45k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency53▼-42
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 3.27 in 2024; short-term debt: 72.5% and cash: 44.3% of total assets), and 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
27.5%
Return on assets
34.8%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
35 d early
2022
3 d early
2021
31 d early
2020
30 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 41.3%
2024 · €61k
2020: €22klowest in 6 years
2021: €93k▲ +321% vs 2020
2022: €112k▲ +20.3% vs 2021highest in 6 years
2023: €31k▼ -72.2% vs 2022
2024: €61k▲ +94.9% vs 2023
2025: €36k▼ -41.3% vs 2024
2020 → 2025
Total assets
€129k▲ 48.6%
2024 · €87k
2020: €29klowest in 6 years
2021: €109k▲ +283% vs 2020
2022: €134k▲ +22.9% vs 2021
2023: €152k▲ +13.3% vs 2022highest in 6 years
2024: €87k▼ -42.9% vs 2023
2025: €129k▲ +48.6% vs 2024
2020 → 2025
Net result
€45k▲ 52.3%
2024 · €30k
2020: €17klowest in 6 years
2021: €71k▲ +316% vs 2020highest in 6 years
2022: €19k▼ -73.4% vs 2021
2023: €19k▲ +2.4% vs 2022
2024: €30k▲ +52.8% vs 2023
2025: €45k▲ +52.3% vs 2024
2020 → 2025
Working capital
€35k▼ 41.0%
2024 · €60k
2020: €24klowest in 6 years
2021: €93k▲ +280% vs 2020
2022: €112k▲ +20.3% vs 2021highest in 6 years
2023: €30k▼ -73.2% vs 2022
2024: €60k▲ +100% vs 2023
2025: €35k▼ -41.0% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€112k▲ 20.3%€31k▼ 72.2%€61k▲ 94.9%€36k▼ 41.3%
2021: €93k
2022: €112k▲ +20.3% vs 2021highest in 5 years
2023: €31k▼ -72.2% vs 2022lowest in 5 years
2024: €61k▲ +94.9% vs 2023
2025: €36k▼ -41.3% vs 2024
Operating result€90k-€26k▼ 71.0%€27k▲ 2.2%€40k▲ 48.9%€59k▲ 47.1%
2021: €90khighest in 5 years
2022: €26k▼ -71.0% vs 2021lowest in 5 years
2023: €27k▲ +2.2% vs 2022
2024: €40k▲ +48.9% vs 2023
2025: €59k▲ +47.1% vs 2024
Net result€71k-€19k▼ 73.4%€19k▲ 2.4%€30k▲ 52.8%€45k▲ 52.3%
2021: €71khighest in 5 years
2022: €19k▼ -73.4% vs 2021lowest in 5 years
2023: €19k▲ +2.4% vs 2022
2024: €30k▲ +52.8% vs 2023
2025: €45k▲ +52.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€232 ▼ 66.6%
Current assets
€129k ▲ 49.5%
Equity and liabilities €129k
Equity
€36k ▼ 41.3%
Debt
€94k ▲ 255%
Debt's share of the balance-sheet total rises from 30.3% to 72.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59k▲
2024 · €40k
Cash flow
€45k▲
2024 · €30k
Current ratio
1.38▼
2024 · 3.27
Debt to equity
2.63▲
2024 · 0.43
ROE
126.4%▲
2024 · 48.7%
ROA
34.8%▲
2024 · 33.9%
Interest coverage
85.61▲
2024 · 65.91
Debt ≤ 1 year
€94k▲
2024 · €26k
Income taxes
€14k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€129k▲
Fixed assets21/28€696€232▼
Tangible fixed assets22/27€696€232▼
Furniture and vehicles24€696€232▼
Current assets29/58€86k€129k▲
Amounts receivable after more than one year29€0€30k▲
Trade receivables290€0-
Other amounts receivable291-€30k
Amounts receivable within one year40/41€34k€41k▲
Trade receivables40€16k€29k▲
Other amounts receivable41€19k€13k▼
Cash at bank and in hand54/58€52k€57k▲
Deferred charges and accrued income490/1€300€525▲
Equity and liabilities
Total equity and liabilities10/49€87k€129k▲
Equity10/15€61k€36k▼
Contributions10/11€5k€5k=
Reserves13€56k€31k▼
Distributable reserves133€56k€31k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€26k€94k▲
Amounts payable within one year42/48€26k€94k▲
Financial debts43€6k€6k=
Credit institutions430/8€0€6k▲
Other loans439€6k€0▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€7k€9k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€11k€75k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€464€464=
Other operating charges640/8€891€2k▲
Gross operating margin9900€41k€61k▲
Operating profit (loss)9901€40k€59k▲
Financial income75/76B€46€600▲
Recurring financial income75€46€600▲
Financial charges65/66B€612€691▲
Recurring financial charges65€612€691▲
Profit (loss) for the period before taxes9903€39k€59k▲
Income taxes67/77€10k€14k▲
Profit (loss) for the period9904€30k€45k▲
Profit (loss) for the period to be appropriated9905€30k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€45k▲
Transfer from equity791/2€0€70k▲
Transfer to equity691/2€30k€45k▲
To other reserves6921€30k€45k▲
Profit to be distributed694/7€0€70k▲
Return on contributions (dividend)694€0€70k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €231 | €464 | €464 | = |
| Other operating charges640/8 | €493 | €423 | €1k | €891 | €2k | ▲ 105% |
| Gross operating margin9900 | €91k | €27k | €28k | €41k | €61k | ▲ 47.8% |
| Operating profit (loss)9901 | €90k | €26k | €27k | €40k | €59k | ▲ 47.1% |
| Financial income75/76B | €2 | €1 | €738 | €46 | €600 | ▲ 1,210% |
| Recurring financial income75 | €2 | €1 | €738 | €46 | €600 | ▲ 1,210% |
| Financial charges65/66B | €73 | €199 | €597 | €612 | €691 | ▲ 12.8% |
| Recurring financial charges65 | €73 | €199 | €597 | €612 | €691 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €90k | €26k | €27k | €39k | €59k | ▲ 49.0% |
| Income taxes67/77 | €19k | €7k | €8k | €10k | €14k | ▲ 38.9% |
| Profit (loss) for the period9904 | €71k | €19k | €19k | €30k | €45k | ▲ 52.3% |
| Profit (loss) for the period to be appropriated9905 | €71k | €19k | €19k | €30k | €45k | ▲ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €134k | €152k | €87k | €129k | ▲ 48.6% |
| Fixed assets21/28 | - | - | €1k | €696 | €232 | ▼ 66.6% |
| Tangible fixed assets22/27 | - | - | €1k | €696 | €232 | ▼ 66.6% |
| Furniture and vehicles24 | - | - | €1k | €696 | €232 | ▼ 66.6% |
| Current assets29/58 | €109k | €134k | €151k | €86k | €129k | ▲ 49.5% |
| Amounts receivable after more than one year29 | - | - | €85k | €0 | €30k | - |
| Trade receivables290 | - | - | €85k | €0 | - | - |
| Other amounts receivable291 | - | - | - | - | €30k | - |
| Amounts receivable within one year40/41 | €18k | €27k | €34k | €34k | €41k | ▲ 20.6% |
| Trade receivables40 | €15k | €14k | €13k | €16k | €29k | ▲ 83.5% |
| Other amounts receivable41 | €3k | €14k | €21k | €19k | €13k | ▼ 32.3% |
| Cash at bank and in hand54/58 | €92k | €107k | €32k | €52k | €57k | ▲ 10.5% |
| Deferred charges and accrued income490/1 | €300 | €300 | €0 | €300 | €525 | ▲ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €134k | €152k | €87k | €129k | ▲ 48.6% |
| Equity10/15 | €93k | €112k | €31k | €61k | €36k | ▼ 41.3% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €88k | €107k | €26k | €56k | €31k | ▼ 45.0% |
| Distributable reserves133 | €88k | €107k | €26k | €56k | €31k | ▼ 45.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €16k | €23k | €121k | €26k | €94k | ▲ 255% |
| Amounts payable within one year42/48 | €16k | €23k | €121k | €26k | €94k | ▲ 255% |
| Financial debts43 | €4k | €10k | €6k | €6k | €6k | = |
| Credit institutions430/8 | €4k | €10k | €6k | €0 | €6k | - |
| Other loans439 | - | - | - | €6k | €0 | ▼ 100% |
| Trade debts44 | €2k | €3k | €3k | €1k | €3k | ▲ 152% |
| Suppliers440/4 | €2k | €3k | €3k | €1k | €3k | ▲ 152% |
| Taxes, remuneration and social security45 | €7k | €6k | €6k | €8k | €9k | ▲ 15.3% |
| Taxes450/3 | €7k | €6k | €6k | €7k | €9k | ▲ 42.0% |
| Remuneration and social security454/9 | - | €279 | €279 | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €3k | €3k | €106k | €11k | €75k | ▲ 587% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €19k | €19k | €30k | €45k | ▲ 52.3% |
| + Depreciation and write-downs630 | - | - | €231 | €464 | €464 | = |
| Operating cash flow (approximation) | €71k | €19k | €20k | €30k | €45k | ▲ 51.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €15k | €-75k | €20k | €5k | ▼ 72.4% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.27
Current ratio from 1.25 to 3.27; short-term debt falls from €121k to €26k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €112k ▲20.3%
3 profitable years in a row build equity to €112k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €71k ▲316%
Operating result €90k, net result €71k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Aalst · 1 establishment unit since 2020
Ground area
1,132 m²
Building footprint
208 m²
Volume, LiDAR
1,028 m³
Parcel 41304G0150/00G009, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Wael Services
since 20202.301.753.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0150/00G009 | Flanders | 1,132 m² | 1 · 208 m² | 7.2 m · 2 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,890 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
Founded28-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73120Media representation
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.