DE WULF
ActiveSummary
The computed 12-month bankruptcy probability of DE WULF is 1.7% (moderate). The 2025 annual accounts show negative equity (-€7,032) and a net result of -€11,507. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7598 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-49
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 1.12 in 2024; short-term debt: 157.3% and cash: 62.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-57.3%
Return on assets
-93.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€7,032
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d late
2023
1 d early
2022
46 d late
2021
39 d early
2020
205 d late
2019
91 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 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 31 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€11,507
2024 · €15,216
Working capital
-€8,673
2024 · €1,752
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,723▲ 94.8%€12,756-€12,819€15,622-€11,264
Net result-€2,554below the sector's middle half▲ 92.4%€12,452within the sector's middle half-€13,032below the sector's middle half€15,216within the sector's middle half-€11,507below the sector's middle half
Equity-€10,161below the sector's middle half▼ 33.6%€2,291below the sector's middle half-€10,741below the sector's middle half€4,475below the sector's middle half-€7,032below the sector's middle half
Total assets€51,440below the sector's middle half▲ 5.2%€42,408below the sector's middle half▼ 17.6%€7,560below the sector's middle half▼ 82.2%€18,651below the sector's middle half▲ 147%€12,270below the sector's middle half▼ 34.2%
Debt€61,601▲ 9.0%€40,117▼ 34.9%€18,301▼ 54.4%€14,176▼ 22.5%€19,302▲ 36.2%
Working capital-€26,241below the sector's middle half▲ 0.2%-€8,043below the sector's middle half▲ 69.3%-€15,386below the sector's middle half▼ 91.3%€1,752below the sector's middle half-€8,673below the sector's middle half
Solvency-19.8%below the sector's middle half▼ 4.2pp5.4%below the sector's middle half▲ 25.2pp-142.1%below the sector's middle half▼ 147.5pp24.0%within the sector's middle half▲ 166.1pp-57.3%below the sector's middle half▼ 81.3pp
Current ratio0.57below the sector's middle half▲ 0.040.80below the sector's middle half▲ 0.230.16below the sector's middle half▼ 0.641.12within the sector's middle half▲ 0.960.55below the sector's middle half▼ 0.57
Return on assets (ROA)-5.0%below the sector's middle half▲ 63.6pp29.4%above the sector's middle half▲ 34.3pp-172.4%below the sector's middle half▼ 201.7pp81.6%above the sector's middle half▲ 254.0pp-93.8%below the sector's middle half▼ 175.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,264 after €15,622 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,270
Fixed assets
€1,641 ▼ 39.7%
Current assets
€10,629 ▼ 33.3%
Key figures and ratios
EBITDA
-€10,182▼
2024 · €17,544
Cash flow
-€10,425▼
2024 · €17,138
Debt to equity
-2.74▼
2024 · 3.17
Interest coverage
-102.85▼
2024 · 88.16
Debt ≤ 1 year
€19,302▲
2024 · €14,176
Income taxes
€144▼
2024 · €207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
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 6,906 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €554 | - |
| Remuneration, social security and pensions62 | €15,937 | €32,320 | €2,732 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,617 | €5,747 | €5,638 | €1,922 | €1,082 | ▼ 43.7% |
| Other operating charges640/8 | €1,646 | €3,040 | €22,579 | €670 | €352 | ▼ 47.5% |
| Gross operating margin9900 | €21,477 | €53,863 | €18,130 | €18,214 | -€9,830 | ▼ 154% |
| Operating profit (loss)9901 | -€1,723 | €12,756 | -€12,819 | €15,622 | -€11,264 | ▼ 172% |
| Financial income75/76B | €14 | - | €1 | - | - | - |
| Recurring financial income75 | €14 | - | €1 | - | - | - |
| Financial charges65/66B | €458 | €123 | €64 | €199 | €99 | ▼ 50.3% |
| Recurring financial charges65 | €458 | €123 | €64 | €199 | €99 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | -€2,167 | €12,633 | -€12,882 | €15,423 | -€11,363 | ▼ 174% |
| Income taxes67/77 | €387 | €181 | €150 | €207 | €144 | ▼ 30.4% |
| Profit (loss) for the period9904 | -€2,554 | €12,452 | -€13,032 | €15,216 | -€11,507 | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | -€2,554 | €12,452 | -€13,032 | €15,216 | -€11,507 | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,440 | €42,408 | €7,560 | €18,651 | €12,270 | ▼ 34.2% |
| Fixed assets21/28 | €16,080 | €10,334 | €4,645 | €2,723 | €1,641 | ▼ 39.7% |
| Tangible fixed assets22/27 | €16,030 | €10,283 | €4,645 | €2,723 | €1,641 | ▼ 39.7% |
| Furniture and vehicles24 | €13,179 | €7,735 | €2,399 | €780 | - | - |
| Other tangible fixed assets26 | €2,851 | €2,548 | €2,246 | €1,943 | €1,641 | ▼ 15.5% |
| Financial fixed assets28 | €50 | €51 | - | - | - | - |
| Current assets29/58 | €35,360 | €32,074 | €2,915 | €15,928 | €10,629 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €20,970 | €22,408 | €2,874 | €11,058 | €2,778 | ▼ 74.9% |
| Trade receivables40 | €19,145 | €21,225 | €2,500 | €11,037 | €2,778 | ▼ 74.8% |
| Other amounts receivable41 | €1,825 | €1,183 | €374 | €21 | - | - |
| Cash at bank and in hand54/58 | €12,810 | €8,500 | €41 | €3,578 | €7,698 | ▲ 115% |
| Deferred charges and accrued income490/1 | €1,580 | €1,166 | - | €1,292 | €153 | ▼ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,440 | €42,408 | €7,560 | €18,651 | €12,270 | ▼ 34.2% |
| Equity10/15 | -€10,161 | €2,291 | -€10,741 | €4,475 | -€7,032 | ▼ 257% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,621 | -€18,169 | -€31,201 | -€15,985 | -€27,492 | ▼ 72.0% |
| Amounts payable17/49 | €61,601 | €40,117 | €18,301 | €14,176 | €19,302 | ▲ 36.2% |
| Amounts payable within one year42/48 | €61,601 | €40,117 | €18,301 | €14,176 | €19,302 | ▲ 36.2% |
| Financial debts43 | - | €194 | €194 | - | - | - |
| Credit institutions430/8 | - | €194 | €194 | - | - | - |
| Trade debts44 | €6,013 | €1,109 | €1,061 | €3,692 | €4,836 | ▲ 31.0% |
| Suppliers440/4 | €6,013 | €1,109 | €1,061 | €3,692 | €4,836 | ▲ 31.0% |
| Taxes, remuneration and social security45 | €5,745 | €9,471 | €1,096 | €365 | €778 | ▲ 113% |
| Taxes450/3 | €4,944 | €4,652 | €159 | €365 | €778 | ▲ 113% |
| Remuneration and social security454/9 | €801 | €4,819 | €937 | - | - | - |
| Other amounts payable47/48 | €49,843 | €29,343 | €15,950 | €10,119 | €13,688 | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,554 | €12,452 | -€13,032 | €15,216 | -€11,507 | ▼ 176% |
| + Depreciation and write-downs630 | €5,617 | €5,747 | €5,638 | €1,922 | €1,082 | ▼ 43.7% |
| Operating cash flow (approximation) | €3,063 | €18,199 | -€7,394 | €17,138 | -€10,425 | ▼ 161% |
| Investment in fixed assets (approximation) | - | -€1 | €51 | €0 | €0 | - |
| Change in cash | - | -€4,310 | -€8,459 | €3,537 | €4,120 | ▲ 16.5% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €15,216
Net result €15,216 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 1.12
Current ratio from 0.16 to 1.12; short-term debt falls from €18,301 to €14,176.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-12
Financial
Back to profitnet €12,452
Net result €12,452 after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 205 days late
2020
31-12
Financial
Weakest financial yearnet -€33,539
Net result drops to -€33,539, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €41,747
Net result €41,747 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.60 to 1.26; short-term debt falls from €39,157 to €35,690.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Soignies · 1 establishment unit since 2008
Ground area
2,175 m²
Building footprint
305 m²
Volume, LiDAR
2,925 m³
2 parcels, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DE WULF SRL
since 20082.171.052.812
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0377/00T000 | Wallonia | 2,032 m² | 1 · 243 m² | 12.6 m · 3 fl. |
| 55040C0001/00Z000 | Wallonia | 143 m² | 1 · 62 m² | 9.7 m · 3 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 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,010 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
Founded15-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898055296
Also
9925:BE0898055296
Registered
29-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.