DE WAELE
ActiveDE WAELE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €822k and a net result of €128k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+9
Solvency91▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.44 in 2024; short-term debt: 33.1% and cash: 48.9% of total assets), and 34.3% of the assets are financed with debt.
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
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 2025Solvency, return and age of the figures
Solvency
65.7%
Return on assets
10.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
31 d late
2023
28 d late
2022
19 d early
2021
44 d early
2020
36 d early
2019
50 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€822k▲ 18.4%
2024 · €695k
2018: €434k
2019: €516k
2020: €539k
2021: €652k
2022: €619k
2023: €668k
2024: €695k
2018 → 2025
Total assets
€1.25M▲ 30.1%
2024 · €962k
2018: €866k
2019: €844k
2020: €885k
2021: €1.07M
2022: €883k
2023: €927k
2024: €962k
2018 → 2025
Net result
€128k▲ 378%
2024 · €27k
2018: €42k
2019: €82k
2020: €23k
2021: €150k
2022: €66k
2023: €49k
2024: €27k
2018 → 2025
Working capital
€399k▲ 12.4%
2024 · €355k
2018: €193k
2019: €307k
2020: €318k
2021: €349k
2022: €324k
2023: €300k
2024: €355k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€652k-€619k▼ 5.0%€668k▲ 7.9%€695k▲ 4.0%€822k▲ 18.4%
Operating result€219k-€78k▼ 64.3%€70k▼ 10.0%€40k▼ 42.7%€186k▲ 362%
Net result€150k-€66k▼ 56.0%€49k▼ 26.2%€27k▼ 45.2%€128k▲ 378%
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 2025; 2025 is 362% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€438k▲ 21.6%
Current assets
€813k▲ 35.3%
Equity and liabilities €1.25M
Equity
€822k▲ 18.4%
Debt
€429k▲ 60.8%
The debt ratio rises from 27.7% to 34.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€249k▲
2024 · €96k
Cash flow
€190k▲
2024 · €83k
Solvency
65.7%▼
2024 · 72.3%
Current ratio
1.96▼
2024 · 2.44
Quick ratio
1.87▲
2024 · 1.75
Debt / equity
0.52▲
2024 · 0.38
ROE
15.5%▲
2024 · 3.8%
ROA
10.2%▲
2024 · 2.8%
Interest coverage
64.08▲
2024 · 26.49
Debt
€429k▲
2024 · €267k
Debt ≤ 1 year
€414k▲
2024 · €246k
Debt > 1 year
€10k▼
2024 · €15k
Income taxes
€56k▲
2024 · €11k
Staff costs
€194k▼
2024 · €217k
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€962k€1.25M▲
Fixed assets21/28€361k€438k▲
Tangible fixed assets22/27€360k€438k▲
Land and buildings22€170k€268k▲
Plant, machinery and equipment23€46k€48k▲
Furniture and vehicles24€144k€122k▼
Financial fixed assets28€500€500=
Current assets29/58€601k€813k▲
Stocks and contracts in progress3€170k€40k▼
Stocks30/36€34k€25k▼
Contracts in progress37€137k€15k▼
Amounts receivable within one year40/41€311k€150k▼
Trade receivables40€301k€141k▼
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€115k€612k▲
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€962k€1.25M▲
Equity10/15€695k€822k▲
Contributions10/11€19k€19k=
Reserves13€676k€804k▲
Distributable reserves133€676k€804k▲
Amounts payable17/49€267k€429k▲
Amounts payable after more than one year17€15k€10k▼
Financial debts170/4€15k€10k▼
Amounts payable within one year42/48€246k€414k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€135k€228k▲
Suppliers440/4€135k€228k▲
Taxes, remuneration and social security45€8k€106k▲
Taxes450/3€17€97k▲
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€98k€75k▼
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€1k€28k▲
Remuneration, social security and pensions62€217k€194k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€63k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€318k€447k▲
Operating profit (loss)9901€40k€186k▲
Financial income75/76B€722€2k▲
Recurring financial income75€722€2k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€37k€184k▲
Income taxes67/77€11k€56k▲
Profit (loss) for the period9904€27k€128k▲
Profit (loss) for the period to be appropriated9905€27k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€128k▲
Transfer to equity691/2€27k€128k▲
To other reserves6921€27k€128k▲
Social balance
Average headcount (FTE)90873.43.0▼
The notes to these accounts (12 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €150k ▲543%
Operating result €219k, net result €150k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €23k ▼71.6%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €516k ▲18.9%
2 profitable years in a row build equity to €516k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kruisem · 1 establishment unit since 2003
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.
Speelstraat 759750 KruisemGround area
4,234 m²
Building footprint
290 m²
Volume, LiDAR
1,141 m³
Parcel 45057B1048/00B000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE WAELE
since 20032.133.890.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45057B1048/00B000 | Flanders | 4,234 m² | 1 · 290 m² | 6.3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedMetselaar (vwo)
Ruwbouw duaal (so)
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 7,226 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2003
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.