DE WITTE
ActiveSummary
The computed 12-month bankruptcy probability of DE WITTE is 3.4% (moderate). The 2024 annual accounts show negative equity (-€2.6m) and a net result of -€473,463. Equity is shrinking by ~34.1% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+1
Solvency0=
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.59 in 2023; short-term debt: 73.7% and cash: 0.5% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-37.6%
Return on assets
-7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€2.6m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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
not confirmed
2024
46 d late
2023
34 d early
2022
22 d late
2021
23 d early
2020
12 d late
2019
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Equity
-€2.6m▼ 22.8%
2023 · -€2.1m
Total assets
€6.8m▼ 4.8%
2023 · €7.1m
Net result
-€473,463▲ 14.1%
2023 · -€551,128
Working capital
-€2.3m▼ 15.0%
2023 · -€2.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€308,101▼ 40.9%-€327,832▼ 6.4%-€343,368▼ 4.7%-€290,580▲ 15.4%-€296,045▼ 1.9%
Net result-€336,425▼ 32.5%-€249,052▲ 26.0%-€414,065▼ 66.3%-€551,128▼ 33.1%-€473,463▲ 14.1%
Equity-€865,753▼ 63.6%-€1.1m▼ 28.8%-€1.5m▼ 37.1%-€2.1m▼ 36.0%-€2.6m▼ 22.8%
Total assets€7.5m▼ 1.8%€7.8m▲ 3.3%€7.5m▼ 3.6%€7.1m▼ 5.0%€6.8m▼ 4.8%
Debt€8.4m▲ 2.4%€8.9m▲ 5.9%€9.0m▲ 1.5%€9.2m▲ 2.0%€9.3m▲ 1.5%
Working capital-€1.5m▼ 20.3%-€1.5m▼ 1.6%-€1.6m▼ 11.7%-€2.0m▼ 20.8%-€2.3m▼ 15.0%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €296,045 in 2024 against €290,580 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.8m
Fixed assets
€4.1m ▼ 3.9%
Current assets
€2.7m ▼ 6.1%
Key figures and ratios
EBITDA
-€89,142▼
2023 · -€61,443
Cash flow
-€266,560▲
2023 · -€321,991
Solvency
-37.6%▼
2023 · -29.2%
Current ratio
0.54▼
2023 · 0.59
Debt to equity
-3.66▲
2023 · -4.43
ROA
-7.0%▲
2023 · -7.7%
Interest coverage
-0.38▼
2023 · -0.20
Debt ≤ 1 year
€5.0m▲
2023 · €4.9m
Debt > 1 year
€4.3m=
2023 · €4.3m
Staff costs
€58,077▼
2023 · €64,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 139 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- negative equity
- a small loss
2.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €57,094 | €55,233 | €64,749 | €58,077 | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €258,056 | €248,100 | €239,513 | €229,137 | €206,903 | ▼ 9.7% |
| Other operating charges640/8 | - | €9,735 | €14,544 | €13,837 | €15,281 | ▲ 10.4% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | -€17,071 | -€12,903 | -€34,077 | €17,144 | -€15,784 | ▼ 192% |
| Operating profit (loss)9901 | -€308,101 | -€327,832 | -€343,368 | -€290,580 | -€296,045 | ▼ 1.9% |
| Financial income75/76B | - | €160,434 | €80,797 | €48,786 | €59,120 | ▲ 21.2% |
| Recurring financial income75 | €66,105 | €160,434 | €80,797 | €48,786 | €59,120 | ▲ 21.2% |
| Financial charges65/66B | - | €81,653 | €151,494 | €309,334 | €236,537 | ▼ 23.5% |
| Recurring financial charges65 | €94,430 | €81,653 | €151,494 | €309,334 | €236,537 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | -€336,425 | -€249,052 | -€414,065 | -€551,128 | -€473,463 | ▲ 14.1% |
| Profit (loss) for the period9904 | -€336,425 | -€249,052 | -€414,065 | -€551,128 | -€473,463 | ▲ 14.1% |
| Profit (loss) for the period to be appropriated9905 | -€336,425 | -€249,052 | -€414,065 | -€551,128 | -€473,463 | ▲ 14.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.5m | €7.8m | €7.5m | €7.1m | €6.8m | ▼ 4.8% |
| Fixed assets21/28 | €4.9m | €4.7m | €4.4m | €4.2m | €4.1m | ▼ 3.9% |
| Tangible fixed assets22/27 | €4.9m | €4.7m | €4.4m | €4.2m | €4.1m | ▼ 3.9% |
| Land and buildings22 | - | €4.1m | €4.0m | €3.8m | €3.7m | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €225,063 | €203,234 | €180,452 | €188,406 | ▲ 4.4% |
| Furniture and vehicles24 | - | €368,994 | €286,232 | €231,072 | €180,075 | ▼ 22.1% |
| Financial fixed assets28 | €330 | €330 | €330 | €330 | €330 | = |
| Current assets29/58 | €2.6m | €3.1m | €3.1m | €2.9m | €2.7m | ▼ 6.1% |
| Amounts receivable within one year40/41 | €887,316 | €1.3m | €1.3m | €1.4m | €1.4m | ▼ 0.3% |
| Trade receivables40 | - | €2,381 | €4,215 | €475 | €475 | = |
| Other amounts receivable41 | - | €1.3m | €1.3m | €1.4m | €1.4m | ▼ 0.3% |
| Current investments50/53 | €1.5m | €1.7m | €1.6m | €1.4m | €1.2m | ▼ 12.3% |
| Cash at bank and in hand54/58 | €139,633 | €76,009 | €57,497 | €54,672 | €32,469 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | - | €74,908 | €93,397 | €110,922 | €128,944 | ▲ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.5m | €7.8m | €7.5m | €7.1m | €6.8m | ▼ 4.8% |
| Equity10/15 | -€865,753 | -€1.1m | -€1.5m | -€2.1m | -€2.6m | ▼ 22.8% |
| Contributions10/11 | - | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Reserves13 | €11,155 | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Non-distributable reserves130/1 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Reserves not available under the articles1311 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Profit (loss) carried forward14 | -€988,460 | -€1.2m | -€1.7m | -€2.2m | -€2.7m | ▼ 21.5% |
| Amounts payable17/49 | €8.4m | €8.9m | €9.0m | €9.2m | €9.3m | ▲ 1.5% |
| Amounts payable after more than one year17 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Financial debts170/4 | - | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Amounts payable within one year42/48 | €4.1m | €4.6m | €4.7m | €4.9m | €5.0m | ▲ 2.6% |
| Financial debts43 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Credit institutions430/8 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Trade debts44 | €22,349 | €18,166 | €4,205 | €6,917 | €5,508 | ▼ 20.4% |
| Suppliers440/4 | - | €18,166 | €4,205 | €6,917 | €5,508 | ▼ 20.4% |
| Taxes, remuneration and social security45 | - | €13,926 | €13,371 | €16,646 | €13,661 | ▼ 17.9% |
| Taxes450/3 | - | €799 | €1,794 | €1,349 | €223 | ▼ 83.5% |
| Remuneration and social security454/9 | - | €13,126 | €11,577 | €15,297 | €13,438 | ▼ 12.2% |
| Other amounts payable47/48 | - | €1.5m | €1.7m | €1.8m | €2.0m | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | €16,272 | €22,040 | €9,616 | €18,916 | ▲ 96.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€336,425 | -€249,052 | -€414,065 | -€551,128 | -€473,463 | ▲ 14.1% |
| + Depreciation and write-downs630 | €258,056 | €248,100 | €239,513 | €229,137 | €206,903 | ▼ 9.7% |
| Operating cash flow (approximation) | -€78,369 | -€952 | -€174,551 | -€321,991 | -€266,560 | ▲ 17.2% |
| Investment in fixed assets (approximation) | - | -€26,215 | -€3,532 | -€30,054 | -€42,353 | ▼ 40.9% |
| Change in cash | - | -€63,625 | -€18,512 | -€2,825 | -€22,203 | ▼ 686% |
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
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
14-10
KBO administration
UBO non-compliance
event 02-10-2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€551,128
Net result drops to -€551,128, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
26-01
State Gazette act
Board meeting · Power of attorney
Permanent representative · Director resignation
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
26-04
State Gazette act
Board meeting · Power of attorney
Permanent representative
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
05-06
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Gent · 1 establishment unit since 1995
Ground area
740 m²
Building footprint
611 m²
Volume, LiDAR
13,251 m³
Parcel 44804D2709/00K008, Flanders · tallest building 29.0 m, ±9 floors. Linked by address, not a title deed.
84
companies at this address
See who is registered here
1 establishment unit
DE WITTE BVBA
since 19952.074.047.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2709/00K008 | Flanders | 740 m² | 1 · 611 m² | 29.0 m · 9 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
Hudson Belgium
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Recognitions · licences · registrations
Legal Entity Identifier
8945008EUQ8CW01LYP94
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-1995
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456361442
Registered
24-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.