DE WULF
ActiveSummary
DE WULF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-1k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 5.22 against 2.43 in 2024; short-term debt: 10.6% and cash: 28.2% of total assets), and 13.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
86.7%
Return on assets
-5.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
20 d early
2023
6 d late
2022
26 d early
2021
7 d early
2020
9 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 5.9%
2024 · €20k
2019: €8klowest in 7 years
2020: €15k▲ +81.0% vs 2019
2021: €18k▲ +23.0% vs 2020
2022: €18k▼ -0.7% vs 2021
2023: €20k▲ +10.8% vs 2022highest in 7 years
2024: €20k● -0.0% vs 2023
2025: €19k▼ -5.9% vs 2024
2019 → 2025
Total assets
€21k▼ 10.6%
2024 · €24k
2019: €35khighest in 7 years
2020: €25k▼ -28.2% vs 2019
2021: €21k▼ -15.5% vs 2020lowest in 7 years
2022: €28k▲ +29.5% vs 2021
2023: €26k▼ -6.9% vs 2022
2024: €24k▼ -6.8% vs 2023
2025: €21k▼ -10.6% vs 2024
2019 → 2025
Net result
€-1k▼ 5,845,250%
2024 · €0
2019: €761
2020: €7k▲ +758% vs 2019highest in 7 years
2021: €3k▼ -48.6% vs 2020
2022: €-131▼ -104% vs 2021
2023: €2k▲ +1562% vs 2022
2024: €0▼ -100% vs 2023
2025: €-1k▼ -5845250% vs 2024lowest in 7 years
2019 → 2025
Working capital
€10k▲ 84.7%
2024 · €5k
2019: €2k
2020: €10k▲ +538% vs 2019
2021: €15k▲ +51.8% vs 2020highest in 7 years
2022: €-5k▼ -137% vs 2021lowest in 7 years
2023: €2k▲ +131% vs 2022
2024: €5k▲ +206% vs 2023
2025: €10k▲ +84.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€18k▼ 0.7%€20k▲ 10.8%€20k=€19k▼ 5.9%
2021: €18k
2022: €18k▼ -0.7% vs 2021lowest in 5 years
2023: €20k▲ +10.8% vs 2022highest in 5 years
2024: €20k● -0.0% vs 2023
2025: €19k▼ -5.9% vs 2024
Operating result€6k-€1k▼ 78.4%€4k▲ 218%€1k▼ 66.7%€-113
2021: €6khighest in 5 years
2022: €1k▼ -78.4% vs 2021
2023: €4k▲ +218% vs 2022
2024: €1k▼ -66.7% vs 2023
2025: €-113▼ -109% vs 2024lowest in 5 years
Net result€3k-€-131€2k€0€-1k▼ 5,845,250%
2021: €3khighest in 5 years
2022: €-131▼ -104% vs 2021
2023: €2k▲ +1562% vs 2022
2024: €0▼ -100% vs 2023
2025: €-1k▼ -5845250% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €113 after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€10k ▼ 36.6%
Current assets
€12k ▲ 34.3%
Equity and liabilities €21k
Equity
€19k ▼ 5.9%
Debt
€3k ▼ 32.4%
Debt's share of the balance-sheet total falls from 17.5% to 13.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €7k
Cash flow
€4k▼
2024 · €5k
Current ratio
5.22▲
2024 · 2.43
Debt to equity
0.15▼
2024 · 0.21
ROE
-6.3%▼
2024 · 0.0%
ROA
-5.5%▼
2024 · 0.0%
Interest coverage
39.24▼
2024 · 57.89
Debt ≤ 1 year
€2k▼
2024 · €4k
Income taxes
€918▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€21k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€13k€8k▼
Furniture and vehicles24€13k€8k▼
Financial fixed assets28€2k€2k=
Current assets29/58€9k€12k▲
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€24k€21k▼
Equity10/15€20k€19k▼
Contributions10/11€19k€19k=
Reserves13€1k-
Distributable reserves133€1k-
Profit (loss) carried forward14-€-37
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€2k▼
Trade debts44€623€800▲
Suppliers440/4€623€800▲
Taxes, remuneration and social security45-€918
Taxes450/3-€918
Other amounts payable47/48€3k€543▼
Accrued charges and deferred income492/3€575€575=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€674€687▲
Gross operating margin9900€7k€6k▼
Operating profit (loss)9901€1k€-113▼
Financial charges65/66B€113€138▲
Recurring financial charges65€113€138▲
Profit (loss) for the period before taxes9903€1k€-251▼
Income taxes67/77€1k€918▼
Profit (loss) for the period9904€0€-1k▼
Profit (loss) for the period to be appropriated9905€0€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€0€-1k▼
Transfer from equity791/2€0€1k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €100 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €5k | €5k | €6k | ▲ 5.6% |
| Other operating charges640/8 | - | €680 | €623 | €674 | €687 | ▲ 1.9% |
| Gross operating margin9900 | €8k | €6k | €10k | €7k | €6k | ▼ 15.2% |
| Operating profit (loss)9901 | €6k | €1k | €4k | €1k | €-113 | ▼ 109% |
| Financial charges65/66B | - | €203 | €121 | €113 | €138 | ▲ 22.6% |
| Recurring financial charges65 | €97 | €203 | €121 | €113 | €138 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | €6k | €1k | €4k | €1k | €-251 | ▼ 121% |
| Income taxes67/77 | €2k | €1k | €2k | €1k | €918 | ▼ 22.0% |
| Profit (loss) for the period9904 | €3k | €-131 | €2k | €0 | €-1k | ▼ 5,845,250% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-131 | €2k | €0 | €-1k | ▼ 5,845,250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21k | €28k | €26k | €24k | €21k | ▼ 10.6% |
| Fixed assets21/28 | €4k | €24k | €19k | €15k | €10k | ▼ 36.6% |
| Tangible fixed assets22/27 | €2k | €22k | €17k | €13k | €8k | ▼ 42.3% |
| Furniture and vehicles24 | - | €22k | €17k | €13k | €8k | ▼ 42.3% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €18k | €4k | €7k | €9k | €12k | ▲ 34.3% |
| Amounts receivable within one year40/41 | €2k | €3k | €3k | €4k | €6k | ▲ 40.0% |
| Trade receivables40 | - | €3k | €3k | €3k | €6k | ▲ 106% |
| Other amounts receivable41 | - | - | - | €1k | - | - |
| Cash at bank and in hand54/58 | €16k | €501 | €4k | €5k | €6k | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21k | €28k | €26k | €24k | €21k | ▼ 10.6% |
| Equity10/15 | €18k | €18k | €20k | €20k | €19k | ▼ 5.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €1k | €1k | €1k | €1k | - | - |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Legal reserve130 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | - | - | €1k | - | - |
| Profit (loss) carried forward14 | €-2k | €-2k | - | - | €-37 | - |
| Amounts payable17/49 | €3k | €10k | €6k | €4k | €3k | ▼ 32.4% |
| Amounts payable within one year42/48 | €3k | €9k | €5k | €4k | €2k | ▼ 37.5% |
| Trade debts44 | €580 | €580 | €617 | €623 | €800 | ▲ 28.5% |
| Suppliers440/4 | - | €580 | €617 | €623 | €800 | ▲ 28.5% |
| Taxes, remuneration and social security45 | - | €1k | €330 | - | €918 | - |
| Taxes450/3 | - | €1k | €330 | - | €918 | - |
| Other amounts payable47/48 | - | €7k | €4k | €3k | €543 | ▼ 81.9% |
| Accrued charges and deferred income492/3 | - | €575 | €575 | €575 | €575 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-131 | €2k | €0 | €-1k | ▼ 5,845,250% |
| + Depreciation and write-downs630 | €2k | €4k | €5k | €5k | €6k | ▲ 5.6% |
| Operating cash flow (approximation) | €5k | €4k | €7k | €5k | €4k | ▼ 16.6% |
| Investment in fixed assets (approximation) | - | €-24k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-15k | €4k | €592 | €1k | ▲ 131% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 5.22
Current ratio from 2.43 to 5.22; short-term debt falls from €4k to €2k.
11-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 1.32
Current ratio from 0.41 to 1.32; short-term debt falls from €9k to €5k.
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 6.35
Current ratio from 1.97 to 6.35; short-term debt falls from €10k to €3k.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
30-06
Financial
Highest result since 2019net €7k ▲758%
Operating result €8k, net result €7k, both a record.
Show earlier events
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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, Dilbeek · 1 establishment unit since 2001
Ground area
838 m²
Building footprint
151 m²
Volume, LiDAR
786 m³
Parcel 23037A0195/00M000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE WULF
since 20012.268.626.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037A0195/00M000 | Flanders | 838 m² | 1 · 151 m² | 8.8 m · 2 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.
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EG
BE 1008.556.312
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Of 8,300 companies in sector 90201 we hold annual accounts for 602. 417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2001
Fiscal year end30-06
Activities, NACEBEL 2025
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.