DEWA
ActiveSummary
DEWA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,835 and a net result of -€68,556. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-56
Solvency38▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.17 in 2024; short-term debt: 82.7% and cash: 0.9% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Five 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 2025Solvency, return and age of the figures
Solvency
13.1%
Return on assets
-3.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 312 sector peers (2025).
NBB · sector comparisonPosition among 312 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
139 d late
2023
2 d early
2022
20 d early
2021
26 d early
2020
16 d early
2019
27 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 15 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 oldest company in Lochristi, Manufacturing sector
Turnover
€3.3m
EBIT margin
0.4%
Net result
-€68,556
2024 · €138,532
Working capital
€159,120▼ 31.4%
2024 · €232,021
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Turnover
Operating result€50,940▲ 78.1%€290,418▲ 470%€438,168▲ 50.9%€201,324▼ 54.1%-€23,418
Net result€19,712within the sector's middle half▲ 150%€250,727above the sector's middle half▲ 1,172%€395,828above the sector's middle half▲ 57.9%€138,532within the sector's middle half▼ 65.0%-€68,556below the sector's middle half
EBIT margin
Equity€177,304below the sector's middle half▲ 12.5%€228,031below the sector's middle half▲ 28.6%€323,859within the sector's middle half▲ 42.0%€342,391within the sector's middle half▲ 5.7%€273,835below the sector's middle half▼ 20.0%
Total assets€2.3mwithin the sector's middle half▲ 2.3%€2.3mwithin the sector's middle half▲ 2.1%€2.9mwithin the sector's middle half▲ 23.0%€1.8mwithin the sector's middle half▼ 35.2%€2.1mwithin the sector's middle half▲ 13.1%
Debt€2.1m▲ 1.6%€2.1m▼ 0.1%€2.5m▲ 20.9%€1.5m▼ 40.5%€1.8m▲ 20.6%
Working capital€134,120▼ 5.0%€196,483▲ 46.5%€260,495▲ 32.6%€232,021▼ 10.9%€159,120▼ 31.4%
Solvency7.8%below the sector's middle half▲ 0.7pp9.8%below the sector's middle half▲ 2.0pp11.3%below the sector's middle half▲ 1.5pp18.5%below the sector's middle half▲ 7.2pp13.1%below the sector's middle half▼ 5.4pp
Staff (FTE)7.4within the sector's middle half▼ 7.5%7.3within the sector's middle half▼ 1.4%6.8within the sector's middle half▼ 6.8%7.8within the sector's middle half▲ 14.7%8within the sector's middle half▲ 2.6%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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 €23,418 after €201,324 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€201,953 ▼ 16.8%
Current assets
€1.9m ▲ 17.6%
Equity and liabilities €2.1m
Equity
€273,835 ▼ 20.0%
Debt
€1.8m ▲ 20.6%
Debt's share of the balance-sheet total rises from 81.5% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,366▼
2024 · €255,447
Cash flow
-€19,771▼
2024 · €192,655
Current ratio
1.09▼
2024 · 1.17
Quick ratio
0.51▼
2024 · 0.60
Debt to equity
6.63▲
2024 · 4.40
ROE
-25.0%▼
2024 · 40.5%
ROA
-3.3%▼
2024 · 7.5%
Interest coverage
0.56▼
2024 · 5.59
Debt ≤ 1 year
€1.7m▲
2024 · €1.4m
Debt > 1 year
€87,238▼
2024 · €132,388
Staff costs
€578,694▲
2024 · €557,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,448 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 | - | - | - | €4,832 | €20 | ▼ 99.6% |
| Remuneration, social security and pensions62 | - | €392,834 | €403,224 | €557,832 | €578,694 | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,220 | €18,405 | €42,560 | €54,123 | €48,784 | ▼ 9.9% |
| Other operating charges640/8 | - | €8,483 | €9,705 | €7,634 | €46,520 | ▲ 509% |
| Gross operating margin9900 | €519,928 | €710,139 | €893,658 | €820,914 | €650,580 | ▼ 20.7% |
| Operating profit (loss)9901 | €50,940 | €290,418 | €438,168 | €201,324 | -€23,418 | ▼ 112% |
| Financial income75/76B | - | €1,272 | €1,477 | €393 | €556 | ▲ 41.3% |
| Recurring financial income75 | €1,764 | €1,272 | €1,477 | €393 | €556 | ▲ 41.3% |
| Financial charges65/66B | - | €16,235 | €18,118 | €45,678 | €45,693 | = |
| Recurring financial charges65 | €14,284 | €16,235 | €18,118 | €45,678 | €45,693 | = |
| Profit (loss) for the period before taxes9903 | €38,420 | €275,455 | €421,527 | €156,040 | -€68,556 | ▼ 144% |
| Income taxes67/77 | €18,708 | €24,728 | €25,700 | €17,508 | - | - |
| Profit (loss) for the period9904 | €19,712 | €250,727 | €395,828 | €138,532 | -€68,556 | ▼ 149% |
| Profit (loss) for the period to be appropriated9905 | €19,712 | €250,727 | €395,828 | €138,532 | -€68,556 | ▼ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.3m | €2.9m | €1.8m | €2.1m | ▲ 13.1% |
| Fixed assets21/28 | €56,834 | €38,898 | €174,968 | €242,757 | €201,953 | ▼ 16.8% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €56,834 | €38,898 | €174,968 | €242,757 | €201,953 | ▼ 16.8% |
| Plant, machinery and equipment23 | - | €27,365 | €87,073 | €169,449 | €149,754 | ▼ 11.6% |
| Furniture and vehicles24 | - | €11,534 | €87,895 | €73,308 | €52,199 | ▼ 28.8% |
| Current assets29/58 | €2.2m | €2.3m | €2.7m | €1.6m | €1.9m | ▲ 17.6% |
| Stocks and contracts in progress3 | €377,879 | €536,035 | €680,051 | €775,743 | €1.0m | ▲ 29.9% |
| Stocks30/36 | - | €536,035 | €680,051 | €775,743 | €1.0m | ▲ 29.9% |
| Amounts receivable within one year40/41 | €1.8m | €1.5m | €2.0m | €785,234 | €858,139 | ▲ 9.3% |
| Trade receivables40 | - | €1.5m | €1.9m | €729,189 | €827,882 | ▲ 13.5% |
| Other amounts receivable41 | - | €20,642 | €40,066 | €56,044 | €30,257 | ▼ 46.0% |
| Cash at bank and in hand54/58 | €32,116 | €243,267 | €33,728 | €42,537 | €19,688 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | - | €2,529 | €2,669 | €2,669 | €2,669 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.9m | €1.8m | €2.1m | ▲ 13.1% |
| Equity10/15 | €177,304 | €228,031 | €323,859 | €342,391 | €273,835 | ▼ 20.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €120,000 | €166,031 | €261,859 | €261,859 | €261,859 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €159,831 | €255,659 | €255,659 | €255,659 | = |
| Profit (loss) carried forward14 | -€4,696 | - | - | €18,532 | -€50,024 | ▼ 370% |
| Amounts payable17/49 | €2.1m | €2.1m | €2.5m | €1.5m | €1.8m | ▲ 20.6% |
| Amounts payable after more than one year17 | €13,650 | €7,350 | €87,150 | €132,388 | €87,238 | ▼ 34.1% |
| Financial debts170/4 | - | €7,350 | €87,150 | €132,388 | €87,238 | ▼ 34.1% |
| Amounts payable within one year42/48 | €2.1m | €2.1m | €2.4m | €1.4m | €1.7m | ▲ 25.8% |
| Current portion of amounts payable after more than one year42 | - | €6,300 | €31,500 | €46,200 | €45,150 | ▼ 2.3% |
| Financial debts43 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Credit institutions430/8 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Trade debts44 | €1.3m | €1.2m | €1.2m | €443,141 | €532,352 | ▲ 20.1% |
| Suppliers440/4 | - | €1.2m | €1.2m | €443,141 | €532,352 | ▲ 20.1% |
| Advances received on contracts in progress46 | - | - | - | - | €278,500 | - |
| Taxes, remuneration and social security45 | - | €77,436 | €85,739 | €127,487 | €63,002 | ▼ 50.6% |
| Taxes450/3 | - | €29,762 | €56,689 | €27,925 | €38,567 | ▲ 38.1% |
| Remuneration and social security454/9 | - | €47,674 | €29,050 | €99,562 | €24,435 | ▼ 75.5% |
| Other amounts payable47/48 | - | €239,932 | €492,370 | €157,332 | €210,245 | ▲ 33.6% |
| Accrued charges and deferred income492/3 | - | - | €24,454 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,712 | €250,727 | €395,828 | €138,532 | -€68,556 | ▼ 149% |
| + Depreciation and write-downs630 | €19,220 | €18,405 | €42,560 | €54,123 | €48,784 | ▼ 9.9% |
| Operating cash flow (approximation) | €38,932 | €269,132 | €438,387 | €192,655 | -€19,771 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€468 | -€178,630 | -€121,912 | -€7,980 | ▲ 93.5% |
| Change in cash | - | €211,151 | -€209,540 | €8,809 | -€22,849 | ▼ 359% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€68,556
Net result drops to -€68,556, the lowest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 139 days late
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €395,828 ▲57.9%
Operating result €438,168, net result €395,828, both a record.
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €228,031 ▲28.6%
4 profitable years in a row build equity to €228,031.
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €157,592 ▲5.3%
2 profitable years in a row build equity to €157,592.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 35 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lochristi · 1 establishment unit since 1990
Ground area
102 m²
Building footprint
210 m²
Volume, LiDAR
905 m³
Parcel 44034D0485/00F000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Veldstraat 43, 9080 Lochristi
since 19902.046.922.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034D0485/00F000 | Flanders | 101 m² | 1 · 210 m² | 6.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 511 EUR awarded · 511 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 511 EUR | 511 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 6 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Show 6 ended approvals
Hoeknaadlasser (so)
Lasser beklede elektrode (so)
Lasser MIG/MAG (so)
Lasser TIG (so)
Pijplasser (so)
Plaatlasser (so)
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Of 263 companies in sector 28300 we hold annual accounts for 197. 139 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
Founded21-12-1989
Fiscal year end31-03
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Contact
E-mail
info@dewa-nv.be
Phone
093559400
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439253117
Registered
04-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.