DE WITTE
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-01-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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
45 d late
2024
2 d early
2023
2 d early
2022
31 d late
2021
30 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, abbreviated schema
Equity
€1.9m▲ 10.8%
2024 · €1.7m
Total assets
€3.0m▲ 0.9%
2024 · €3.0m
Net result
€185,710▼ 48.4%
2024 · €359,899
Working capital
€1.7m▲ 16.2%
2024 · €1.5m
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
Line20212022202320242025
Operating result€417,711▲ 13.4%€282,969▼ 32.3%€352,396▲ 24.5%€448,189▲ 27.2%€245,151▼ 45.3%
Net result€339,756▲ 16.4%€229,876▼ 32.3%€271,114▲ 17.9%€359,899▲ 32.7%€185,710▼ 48.4%
Equity€1.6m▼ 11.6%€1.6m▼ 1.3%€1.6m▲ 1.3%€1.7m▲ 6.9%€1.9m▲ 10.8%
Total assets€2.9m▼ 26.5%€2.5m▼ 15.4%€2.7m▲ 9.8%€3.0m▲ 9.2%€3.0m▲ 0.9%
Debt€1.3m▼ 39.0%€885,894▼ 32.6%€1.1m▲ 24.8%€1.2m▲ 12.7%€1.1m▼ 12.7%
Working capital€1.2m▼ 15.3%€1.3m▲ 8.0%€1.4m▲ 2.7%€1.5m▲ 4.7%€1.7m▲ 16.2%
Staff (FTE)5.3▲ 32.5%5▼ 5.7%5.5▲ 10.0%6.9▲ 25.5%7.4▲ 7.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€482,260 ▼ 12.2%
Current assets
€2.5m ▲ 3.9%
Equity and liabilities €3.0m
Equity
€1.9m ▲ 10.8%
Debt
€1.1m ▼ 12.7%
Debt's share of the balance-sheet total falls from 42.1% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€376,637▼
2024 · €529,662
Cash flow
€317,197▼
2024 · €441,371
Current ratio
3.06▲
2024 · 2.51
Quick ratio
1.35▲
2024 · 1.15
Debt to equity
0.57▼
2024 · 0.73
ROE
9.8%▼
2024 · 21.0%
ROA
6.2%▼
2024 · 12.2%
Interest coverage
26.19▼
2024 · 124.45
Debt ≤ 1 year
€818,509▼
2024 · €958,959
Debt > 1 year
€268,989▼
2024 · €285,602
Income taxes
€59,512▼
2024 · €114,312
Staff costs
€490,637▲
2024 · €453,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €165 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €265,684 | €399,971 | €361,416 | €453,038 | €490,637 | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,779 | €104,668 | €74,311 | €81,472 | €131,486 | ▲ 61.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€2,667 | -€792 | €1,053 | €11,644 | €4,302 | ▼ 63.1% |
| Other operating charges640/8 | €1,999 | €2,862 | €2,520 | €3,636 | €3,902 | ▲ 7.3% |
| Gross operating margin9900 | €759,507 | €789,678 | €791,696 | €997,981 | €875,479 | ▼ 12.3% |
| Operating profit (loss)9901 | €417,711 | €282,969 | €352,396 | €448,189 | €245,151 | ▼ 45.3% |
| Financial income75/76B | €42,750 | €29,747 | €22,236 | €30,278 | €14,450 | ▼ 52.3% |
| Recurring financial income75 | €42,750 | €29,747 | €22,236 | €30,278 | €14,450 | ▼ 52.3% |
| Financial charges65/66B | €8,670 | €8,044 | €11,690 | €4,256 | €14,379 | ▲ 238% |
| Recurring financial charges65 | €8,670 | €8,044 | €11,690 | €4,256 | €14,379 | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €451,791 | €304,672 | €362,941 | €474,211 | €245,223 | ▼ 48.3% |
| Income taxes67/77 | €112,035 | €74,796 | €91,827 | €114,312 | €59,512 | ▼ 47.9% |
| Profit (loss) for the period9904 | €339,756 | €229,876 | €271,114 | €359,899 | €185,710 | ▼ 48.4% |
| Profit (loss) for the period to be appropriated9905 | €339,756 | €229,876 | €271,114 | €359,899 | €185,710 | ▼ 48.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.5m | €2.7m | €3.0m | €3.0m | ▲ 0.9% |
| Fixed assets21/28 | €385,919 | €339,900 | €304,496 | €549,046 | €482,260 | ▼ 12.2% |
| Intangible fixed assets21 | €5,295 | €25,138 | €24,887 | €10,976 | €851 | ▼ 92.2% |
| Tangible fixed assets22/27 | €346,239 | €280,377 | €245,224 | €503,685 | €447,024 | ▼ 11.2% |
| Land and buildings22 | €44,104 | €38,366 | €35,725 | €30,918 | €26,111 | ▼ 15.5% |
| Plant, machinery and equipment23 | €67,049 | €28,026 | €32,805 | €20,227 | €64,236 | ▲ 218% |
| Furniture and vehicles24 | €26,600 | €21,259 | €18,573 | €45,064 | €36,705 | ▼ 18.5% |
| Leasing and similar rights25 | - | - | - | €254,676 | €203,509 | ▼ 20.1% |
| Other tangible fixed assets26 | €208,487 | €192,726 | €158,121 | €152,800 | €116,463 | ▼ 23.8% |
| Financial fixed assets28 | €34,385 | €34,385 | €34,385 | €34,385 | €34,385 | = |
| Current assets29/58 | €2.5m | €2.1m | €2.4m | €2.4m | €2.5m | ▲ 3.9% |
| Stocks and contracts in progress3 | €564,788 | €1.3m | €978,633 | €1.3m | €1.4m | ▲ 7.3% |
| Stocks30/36 | €564,788 | €1.3m | €978,633 | €1.3m | €1.4m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €913,436 | €444,873 | €693,787 | €567,371 | €635,952 | ▲ 12.1% |
| Trade receivables40 | €663,340 | €444,669 | €693,583 | €558,738 | €573,027 | ▲ 2.6% |
| Other amounts receivable41 | €250,096 | €204 | €204 | €8,633 | €62,926 | ▲ 629% |
| Current investments50/53 | - | - | €500,000 | €0 | €200,000 | - |
| Cash at bank and in hand54/58 | €1.0m | €340,657 | €212,676 | €515,608 | €247,952 | ▼ 51.9% |
| Deferred charges and accrued income490/1 | €9,335 | €14,662 | €18,683 | €23,408 | €21,550 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.5m | €2.7m | €3.0m | €3.0m | ▲ 0.9% |
| Equity10/15 | €1.6m | €1.6m | €1.6m | €1.7m | €1.9m | ▲ 10.8% |
| Contributions10/11 | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.7m | €1.9m | ▲ 11.0% |
| Non-distributable reserves130/1 | €66,376 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €66,376 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €76,826 | €76,826 | €76,826 | €76,826 | €76,826 | = |
| Distributable reserves133 | €1.4m | €1.5m | €1.5m | €1.6m | €1.8m | ▲ 11.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.3m | €885,894 | €1.1m | €1.2m | €1.1m | ▼ 12.7% |
| Amounts payable after more than one year17 | €34,000 | €107,500 | €86,500 | €285,602 | €268,989 | ▼ 5.8% |
| Financial debts170/4 | €34,000 | €107,500 | €86,500 | €285,602 | €268,989 | ▼ 5.8% |
| Amounts payable within one year42/48 | €1.3m | €778,394 | €1.0m | €958,959 | €818,509 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | €21,000 | €21,000 | €54,122 | €61,565 | ▲ 13.8% |
| Trade debts44 | €608,327 | €446,626 | €651,225 | €549,300 | €667,091 | ▲ 21.4% |
| Suppliers440/4 | €608,327 | €446,626 | €651,225 | €549,300 | €667,091 | ▲ 21.4% |
| Taxes, remuneration and social security45 | €121,381 | €60,768 | €96,108 | €105,536 | €89,853 | ▼ 14.9% |
| Taxes450/3 | €72,202 | €14,958 | €42,886 | €45,599 | €13,866 | ▼ 69.6% |
| Remuneration and social security454/9 | €49,180 | €45,810 | €53,223 | €59,937 | €75,987 | ▲ 26.8% |
| Other amounts payable47/48 | €550,000 | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €883 | €1,170 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €339,756 | €229,876 | €271,114 | €359,899 | €185,710 | ▼ 48.4% |
| + Depreciation and write-downs630 | €76,779 | €104,668 | €74,311 | €81,472 | €131,486 | ▲ 61.4% |
| Operating cash flow (approximation) | €416,536 | €334,544 | €345,425 | €441,371 | €317,197 | ▼ 28.1% |
| Investment in fixed assets (approximation) | - | -€58,649 | -€38,908 | -€326,022 | -€64,701 | ▲ 80.2% |
| Change in cash | - | -€701,141 | -€127,981 | €302,933 | -€267,657 | ▼ 188% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
12-02
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect11 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect11 facts ▸
- General meeting, 24-12-2025
- Merger, absorption, 01-01-2026
- Dissolution, 01-01-2026
- Accounting effect, 01-01-2026
- Share issue, volgestorte aandelen, 213
- Capital
- Power of attorney, LEMON CONSULT
- Power of attorney, Niels BOURGOIS
- Merger proposal, 05-11-2025, 03-11-2025
- Audit report, 23-12-2025
- Power of attorney, Gravelart
2025
31-12
Financial
Weakest financial yearnet €185,710 ▼48.4%
Net result drops to €185,710, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €359,899 ▲32.7%
Operating result €448,189, net result €359,899, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 45 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 156 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- ZIVIX
- DE WITTE
Highest known parent: ZIVIX. The sources do not say who stands above it.
Owners 1
- ZIVIXparentSourceaccounts ZIVIX 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Gravelart
Capital and shareholders
Capital over the years
- 12-02-2026 Capital stated in the act · 553 shares
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 12,525 EUR awarded · 12,525 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,110 EUR | 3,110 EUR |
| 2024 | 1 | 9,415 EUR | 9,415 EUR |
Schemes