DE WOLF
ActiveSummary
DE WOLF has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,314 and a net result of €7,972. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency69▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 4.19 in 2024; short-term debt: 39.9% of total assets), and 55.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
44.1%
Return on assets
2.3%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
30 d late
2022
47 d early
2021
18 d late
2020
30 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€151,314▲ 5.6%
2024 · €143,342
Total assets
€342,803▲ 3.7%
2024 · €330,710
Net result
€7,972▲ 148%
2024 · €3,219
Working capital
€53,050▼ 61.7%
2024 · €138,692
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€24,882▼ 33.8%€21,536▼ 13.4%€19,466▼ 9.6%€11,043▼ 43.3%€18,183▲ 64.7%
Net result€21,160▼ 22.1%€15,872▼ 25.0%€16,715▲ 5.3%€3,219▼ 80.7%€7,972▲ 148%
Equity€107,536▲ 24.5%€123,407▲ 14.8%€140,123▲ 13.5%€143,342▲ 2.3%€151,314▲ 5.6%
Total assets€299,633▼ 7.2%€290,896▼ 2.9%€270,314▼ 7.1%€330,710▲ 22.3%€342,803▲ 3.7%
Debt€192,097▼ 18.7%€167,488▼ 12.8%€130,192▼ 22.3%€187,369▲ 43.9%€191,489▲ 2.2%
Working capital€117,511▲ 15.4%€133,126▲ 13.3%€149,124▲ 12.0%€138,692▼ 7.0%€53,050▼ 61.7%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342,803
Fixed assets
€152,862 ▲ 2.9%
Current assets
€189,941 ▲ 4.3%
Equity and liabilities €342,803
Equity
€151,314 ▲ 5.6%
Debt
€191,489 ▲ 2.2%
Debt's share of the balance-sheet total falls from 56.7% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,987▲
2024 · €30,840
Cash flow
€33,777▲
2024 · €23,017
Current ratio
1.39▼
2024 · 4.19
Quick ratio
0.51▼
2024 · 1.43
Debt to equity
1.27▼
2024 · 1.31
ROE
5.3%▲
2024 · 2.2%
ROA
2.3%▲
2024 · 1.0%
Interest coverage
7.50▲
2024 · 6.27
Debt ≤ 1 year
€136,891▲
2024 · €43,478
Debt > 1 year
€54,598▼
2024 · €143,890
Income taxes
€6,159▲
2024 · €2,907
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,266 | €4,692 | €2,705 | €19,798 | €25,805 | ▲ 30.3% |
| Other operating charges640/8 | €1,691 | €924 | €1,627 | €4,754 | €1,506 | ▼ 68.3% |
| Gross operating margin9900 | €30,840 | €27,151 | €23,799 | €35,594 | €45,493 | ▲ 27.8% |
| Operating profit (loss)9901 | €24,882 | €21,536 | €19,466 | €11,043 | €18,183 | ▲ 64.7% |
| Financial income75/76B | - | - | €8 | €0 | €1,814 | - |
| Recurring financial income75 | - | - | €8 | €0 | €1,814 | - |
| Financial charges65/66B | €3,292 | €3,261 | €2,208 | €4,917 | €5,866 | ▲ 19.3% |
| Recurring financial charges65 | €3,292 | €3,261 | €2,208 | €4,917 | €5,866 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €21,590 | €18,275 | €17,266 | €6,126 | €14,131 | ▲ 131% |
| Income taxes67/77 | €430 | €2,403 | €551 | €2,907 | €6,159 | ▲ 112% |
| Profit (loss) for the period9904 | €21,160 | €15,872 | €16,715 | €3,219 | €7,972 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €21,160 | €15,872 | €16,715 | €3,219 | €7,972 | ▲ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €299,633 | €290,896 | €270,314 | €330,710 | €342,803 | ▲ 3.7% |
| Fixed assets21/28 | €80,025 | €80,282 | €80,998 | €148,540 | €152,862 | ▲ 2.9% |
| Tangible fixed assets22/27 | €79,543 | €79,799 | €80,516 | €148,058 | €152,379 | ▲ 2.9% |
| Plant, machinery and equipment23 | €62,003 | €61,476 | €64,626 | €65,357 | €64,366 | ▼ 1.5% |
| Furniture and vehicles24 | €2,702 | €490 | €245 | €69,244 | €76,745 | ▲ 10.8% |
| Other tangible fixed assets26 | €14,838 | €17,834 | €15,645 | €13,457 | €11,269 | ▼ 16.3% |
| Financial fixed assets28 | €482 | €482 | €482 | €482 | €482 | = |
| Current assets29/58 | €219,608 | €210,614 | €189,316 | €182,170 | €189,941 | ▲ 4.3% |
| Stocks and contracts in progress3 | €197,712 | €178,779 | €160,385 | €120,000 | €120,000 | = |
| Stocks30/36 | €188,545 | €175,690 | €160,385 | €120,000 | €120,000 | = |
| Contracts in progress37 | €9,167 | €3,089 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €21,896 | €31,836 | €28,931 | €61,229 | €68,349 | ▲ 11.6% |
| Trade receivables40 | €21,896 | €31,836 | €28,931 | €43,633 | €16,698 | ▼ 61.7% |
| Other amounts receivable41 | - | - | - | €17,595 | €51,651 | ▲ 194% |
| Deferred charges and accrued income490/1 | - | - | - | €942 | €1,592 | ▲ 69.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €299,633 | €290,896 | €270,314 | €330,710 | €342,803 | ▲ 3.7% |
| Equity10/15 | €107,536 | €123,407 | €140,123 | €143,342 | €151,314 | ▲ 5.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Profit (loss) carried forward14 | -€39,964 | -€24,093 | -€7,377 | -€4,158 | €3,814 | ▲ 192% |
| Amounts payable17/49 | €192,097 | €167,488 | €130,192 | €187,369 | €191,489 | ▲ 2.2% |
| Amounts payable after more than one year17 | €90,000 | €90,000 | €90,000 | €143,890 | €54,598 | ▼ 62.1% |
| Financial debts170/4 | €90,000 | €90,000 | €90,000 | €143,890 | €54,598 | ▼ 62.1% |
| Amounts payable within one year42/48 | €102,097 | €77,488 | €40,192 | €43,478 | €136,891 | ▲ 215% |
| Current portion of amounts payable after more than one year42 | €2,500 | - | - | €14,006 | €20,626 | ▲ 47.3% |
| Financial debts43 | €12,622 | €14,029 | €13,861 | €12,220 | €14,874 | ▲ 21.7% |
| Credit institutions430/8 | €12,622 | €14,029 | - | €12,220 | €14,874 | ▲ 21.7% |
| Other loans439 | - | - | €13,861 | €0 | - | - |
| Trade debts44 | €7,147 | €4,949 | €2,509 | €6,655 | €932 | ▼ 86.0% |
| Suppliers440/4 | €7,147 | €4,949 | €2,509 | €6,655 | €932 | ▼ 86.0% |
| Taxes, remuneration and social security45 | €4,376 | €5,345 | €1,363 | €10,598 | €9,559 | ▼ 9.8% |
| Taxes450/3 | €4,376 | €5,345 | €1,363 | €10,598 | €9,559 | ▼ 9.8% |
| Other amounts payable47/48 | €75,452 | €53,165 | €22,459 | €0 | €90,900 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,160 | €15,872 | €16,715 | €3,219 | €7,972 | ▲ 148% |
| + Depreciation and write-downs630 | €4,266 | €4,692 | €2,705 | €19,798 | €25,805 | ▲ 30.3% |
| Operating cash flow (approximation) | €25,427 | €20,563 | €19,421 | €23,017 | €33,777 | ▲ 46.7% |
| Investment in fixed assets (approximation) | - | -€4,948 | -€3,422 | -€87,339 | -€30,126 | ▲ 65.5% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €151,314 ▲5.6%
7 profitable years in a row build equity to €151,314.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Equity above €100,000Eq €107,536 ▲24.5%
3 profitable years in a row build equity to €107,536.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €27,153 ▲96.8%
Operating result €37,583, net result €27,153, both a record.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Back to profitnet €13,799
Net result €13,799 after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Erpe-Mere · 1 establishment unit since 1990
Ground area
1.5 ha
Building footprint
6,782 m²
Volume, LiDAR
47,637 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wijngaardveld 29, 9300 Aalst
since 19902.050.352.940
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0161/00E000 | Flanders | 1.5 ha | 1 · 6,592 m² | 11.9 m · 2 fl. |
| 41016D0007/00P000 | Flanders | 295 m² | 1 · 190 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 211 companies in sector 28299 we hold annual accounts for 154. 101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.