Age33 yrs
Real estate2 parcels · 4.6 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DE WITTE is 0.6% (low). The 2024 annual accounts show equity of €2.92M and a net result of €54k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 40 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Long track record
−Multiple establishment units
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 18 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 15-07-2025 | 16 d early | 2025-00276252 |
| 31-12-2023 | 31-07-2024 | 11-07-2024 | 20 d early | 2024-00239574 |
| 31-12-2022 | 31-07-2023 | 09-11-2023 | 101 d late | 2023-00510804 |
| 31-12-2021 | 31-07-2022 | 20-09-2022 | 51 d late | 2022-20431975 |
| 31-12-2020 | 31-07-2021 | 05-08-2021 | 5 d late | 2021-46300083 |
| 31-12-2019 | 31-07-2020 | 09-09-2020 | 40 d late | 2020-52200244 |
| 31-12-2018 | 31-07-2019 | 05-07-2019 | 26 d early | 2019-29700137 |
| 31-12-2017 | 31-07-2018 | 06-08-2018 | 6 d late | 2018-43500201 |
| 31-12-2016 | 31-07-2017 | 14-07-2017 | 17 d early | 2017-32100361 |
| 31-12-2015 | 31-07-2016 | 23-08-2016 | 23 d late | 2016-45800368 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1992, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€13.97M+0.4%
EBIT margin2.2%-2.2pp
Net result€54k-83.2%
Working capital€-316k-69.4%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 15-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 42 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.8% | 27.6% | |
| Net result | €54k | €57k | |
| Equity | €2.92M | €455k | |
| Total assets | €11.81M | €2.87M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P44
Stable position over 2022-2024
· n=31-40
P49
Stable position over 2022-2024
· n=31-40
P70
Stable position over 2022-2024
· n=31-40
P70
Stable position over 2022-2024
· n=31-40
Describes the position versus peers, not a forecast.
€13.97M
+0.4%
18-24
€833k
-26.1%
18-24
€54k
-83.2%
18-24
€584k
-30.1%
18-24
€11.81M
-3.3%
18-24
€2.92M
+1.9%
18-24
€-316k
-69.4%
18-24
33
+6.2%
18-24
Show 14 other metrics
€1.93M
+10.2%
18-24
€22k
-81.2%
18-24
€8.85M
-5.0%
18-24
€5.05M
-7.5%
18-24
€3.71M
-3.2%
18-24
0.94
-2.9%
18-24
0.71
-10.9%
18-24
24.8%
+5.4%
18-24
3.03
-6.8%
18-24
1.9%
-83.5%
18-24
0.5%
-82.6%
18-24
0.4%
-83.3%
18-24
6.0%
-26.4%
18-24
4.91
-36.7%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €13.97M |
| EBITDA | €833k |
| Net profit | €54k |
| Cash flow | €584k |
| Staff costs | €1.93M |
| Income taxes | €22k |
| Dividends | - |
| Total assets | €11.81M |
| Equity | €2.92M |
| Debt | €8.85M |
| of which ≤ 1y | €5.05M |
| of which > 1y | €3.71M |
| Working capital | €-316k |
| Employees (FTE) | 32.7 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.94 |
| Quick ratio | 0.71 |
| Working capital ratio | -2.7% |
| Solvency | 24.8% |
| Debt / equity | 3.03 |
| Long-term debt ratio | 1.27 |
| Interest coverage | 4.91 |
| Gross margin | 44.0% |
| Net margin | 0.4% |
| ROA | 0.5% |
| ROE | 1.9% |
| EBITDA margin | 6.0% |
| Days sales outstanding | 71d |
| Days payable outstanding | 146d |
| Inventory turnover | 6.72 |
| Days inventory (DSI) | 54d |
Balance-sheet composition 2024
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11.81M |
| Fixed assets | 21/28 | €7.08M |
| Intangible fixed assets | 21 | €26k |
| Tangible fixed assets | 22/27 | €6.67M |
| Financial fixed assets | 28 | €382k |
| Current assets | 29/58 | €4.73M |
| Stocks & contracts in progress | 3 | €1.16M |
| Amounts receivable within one year | 40/41 | €2.92M |
| Cash & bank | 54/58 | €205k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.81M |
| Equity | 10/15 | €2.92M |
| Contributions / capital | 10/11 | €199k |
| Reserves | 13 | €1.17M |
| Accumulated profits (losses) | 14 | €317k |
| Provisions & deferred taxes | 16 | €36k |
| Amounts payable | 17/49 | €8.85M |
| Amounts payable after one year | 17 | €3.71M |
| Amounts payable within one year | 42/48 | €5.05M |
| Trade debts payable within one year | 44 | €3.13M |
| Income statement | ||
| Turnover | 70 | €13.97M |
| Operating result | 9901 | €303k |
| Financial income | 75 | €17k |
| Financial charges | 65 | €232k |
| Result before taxes | 9903 | €89k |
| Income taxes | 67/77 | €22k |
| Net result for the period | 9904 | €54k |
| Result to be appropriated | 9905 | €17k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed43
/ 100
Weak
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsFormer directors (2)
-
Former- → 01-01-2025
-
Former- → 01-01-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
5 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BV Baker Tilly BedrijfsrevisorenCurrent Statutory auditor · represented by Peter Weyers |
- | 31-10-2025 → present |
Show 4 earlier auditors
| B.V. ovv BVBA Roels, Criel & C° Statutory auditor · represented by Marc De Cock succeeded by Burg. CVBA Baker Tilly Beigium Bedrijfsrevisoren in 2015 |
- | 14-05-2012 → 30-03-2015 |
| Baker Tilly Belgium bedrijfsrevisoren Statutory auditor · represented by Peter Weyers succeeded by Baker Tilly Belgium Bedrijfsrevisoren CVBA in 2020 |
- | 14-07-2017 → 07-10-2020 |
| Baker Tilly Belgium Bedrijfsrevisoren CVBA Statutory auditor · represented by Peter Weyers succeeded by BV Baker Tilly Bedrijfsrevisoren in 2025 |
- | 07-10-2020 → 31-10-2025 |
| Burg. CVBA Baker Tilly Beigium Bedrijfsrevisoren Statutory auditor · represented by Peter Weyers succeeded by Baker Tilly Belgium bedrijfsrevisoren in 2017 |
- | 30-03-2015 → 14-07-2017 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Bouw van autowegen en andere wegen(42110) |
| Legal form | Private limited company(610) |
| Incorporation | 27-11-1992 |
| Status | Active |
| Postal code | 9990 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Krommewege 439990 MaldegemEstablishment units
2 locationsDE WITTE BVBA
since 19922.059.881.607
DE WITTE
since 20132.222.668.985
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area4.6 ha
Buildings2
Building footprint1,766 m²
Volume (LiDAR)13,706 m³
Tallest building9.7 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001A0946/00D000 | Flanders | 3.4 ha | 1 · 108 m² | 3.1 m · 1 fl. |
| 43001H0976/00G000 | Flanders | 1.1 ha | 1 · 1,658 m² | 9.7 m · 3 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
7 acts Address history · 1
26-01-2010
v3.2
All acts · 7
updated 9 months ago
2025
31-10-2025 Peter Weyers reappointed as statutory auditor
17-09-2025 2 resigning
2020
07-10-2020 Peter Weyers appointed as statutory auditor
2017
13-09-2017 Peter Weyers reappointed as statutory auditor
2015
30-03-2015 Peter Weyers appointed as statutory auditor
2012
14-05-2012 Marc De Cock appointed as statutory auditor
2010
26-01-2010 Registered office moved within Maldegem
- QUDE BURKELSLAG 19A, 9990 MALDEGEM → Krommewege 43, 9990 Maldegem
Summary:
v3.2
Analysis
Financial profile
5 of 5 axes measured53
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
43
Profitability
22
Solvency
36
Growth
65
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 237 of the 2,324 companies in this sector. 42 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken01410Bouw van autowegen en andere wegen42110Bouw van autowegen en andere wegen42110Diensten verwant aan de bosbouw en de bosexploitatie02020Ondersteunende diensten in verband met de bosbouw02400Ondersteunende diensten in verband met de bosbouw02400Herstelling van landbouwmachines29322Reparatie van machines33120Reparatie en onderhoud van machines33120Baggerwerken42911Baggerwerken42911Baggerwerken45241Verhuur van landbouwmachines en -werktuigen71310Verhuur en lease van landbouwmachines en -werktuigen77310Verhuur en lease van landbouwmachines en -werktuigen77310Landschapsverzorging81300Landschapsverzorging81300
Primary activity highlighted.
Names & trade names
| Legal nameNL | DE WITTE |
Registered office
Krommewege 43
9990 Maldegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.