DEWA
ActiveSummary
DEWA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254k and a net result of €78k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+5
Solvency41▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 10.08 against 6.32 in 2024; short-term debt: 0.7% and cash: 2.4% of total assets), but 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
16.5%
Return on assets
5.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
42 d early
2022
38 d early
2021
13 d early
2020
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€254k▲ 44.6%
2024 · €176k
2020: €33klowest in 6 years
2021: €67k▲ +103% vs 2020
2022: €118k▲ +77.4% vs 2021
2023: €161k▲ +36.2% vs 2022
2024: €176k▲ +9.2% vs 2023
2025: €254k▲ +44.6% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.54M▲ 1.2%
2024 · €1.53M
2020: €61klowest in 6 years
2021: €100k▲ +63.6% vs 2020
2022: €143k▲ +42.3% vs 2021
2023: €1.60M▲ +1022% vs 2022highest in 6 years
2024: €1.53M▼ -4.7% vs 2023
2025: €1.54M▲ +1.2% vs 2024
2020 → 2025
Net result
€78k▲ 432%
2024 · €15k
2020: €23k
2021: €34k▲ +48.9% vs 2020
2022: €52k▲ +52.3% vs 2021
2023: €43k▼ -17.1% vs 2022
2024: €15k▼ -65.5% vs 2023lowest in 6 years
2025: €78k▲ +432% vs 2024highest in 6 years
2020 → 2025
Working capital
€100k▲ 27.3%
2024 · €78k
2020: €27klowest in 6 years
2021: €61k▲ +121% vs 2020
2022: €102k▲ +67.4% vs 2021
2023: €155k▲ +53.0% vs 2022highest in 6 years
2024: €78k▼ -49.6% vs 2023
2025: €100k▲ +27.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€118k▲ 77.4%€161k▲ 36.2%€176k▲ 9.2%€254k▲ 44.6%
2021: €67klowest in 5 years
2022: €118k▲ +77.4% vs 2021
2023: €161k▲ +36.2% vs 2022
2024: €176k▲ +9.2% vs 2023
2025: €254k▲ +44.6% vs 2024highest in 5 years
Operating result€43k-€65k▲ 50.4%€58k▼ 10.5%€19k▼ 68.2%€29k▲ 56.4%
2021: €43k
2022: €65k▲ +50.4% vs 2021highest in 5 years
2023: €58k▼ -10.5% vs 2022
2024: €19k▼ -68.2% vs 2023lowest in 5 years
2025: €29k▲ +56.4% vs 2024
Net result€34k-€52k▲ 52.3%€43k▼ 17.1%€15k▼ 65.5%€78k▲ 432%
2021: €34k
2022: €52k▲ +52.3% vs 2021
2023: €43k▼ -17.1% vs 2022
2024: €15k▼ -65.5% vs 2023lowest in 5 years
2025: €78k▲ +432% vs 2024highest 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 recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€1.43M ▲ 0.1%
Current assets
€111k ▲ 19.0%
Equity and liabilities €1.54M
Equity
€254k ▲ 44.6%
Debt
€1.29M ▼ 4.4%
Debt's share of the balance-sheet total falls from 88.5% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €25k
Cash flow
€80k▲
2024 · €21k
Current ratio
10.08▲
2024 · 6.32
Debt to equity
5.07▼
2024 · 7.67
ROE
30.9%▲
2024 · 8.4%
ROA
5.1%▲
2024 · 1.0%
Interest coverage
195.51▲
2024 · 84.14
Debt ≤ 1 year
€11k▼
2024 · €15k
Debt > 1 year
€1.28M▼
2024 · €1.34M
Income taxes
€8k▲
2024 · €6k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.53M€1.54M▲
Fixed assets21/28€1.43M€1.43M▲
Tangible fixed assets22/27€8k€8k▲
Furniture and vehicles24€8k€8k▲
Financial fixed assets28€1.43M€1.43M=
Current assets29/58€93k€111k▲
Amounts receivable after more than one year29€68k€69k▲
Other amounts receivable291€68k€69k▲
Cash at bank and in hand54/58€24k€38k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.54M▲
Equity10/15€176k€254k▲
Contributions10/11€10k€10k=
Reserves13€166k€244k▲
Distributable reserves133€166k€244k▲
Amounts payable17/49€1.35M€1.29M▼
Amounts payable after more than one year17€1.34M€1.28M▼
Financial debts170/4€1.34M-
Other amounts payable178/9-€1.28M
Amounts payable within one year42/48€15k€11k▼
Trade debts44€57€522▲
Suppliers440/4€57€522▲
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€10k€6k▼
Other amounts payable47/48€4k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8-€1k
Gross operating margin9900€25k€32k▲
Operating profit (loss)9901€19k€29k▲
Financial income75/76B€3k€58k▲
Recurring financial income75€3k€58k▲
Financial charges65/66B€295€157▼
Recurring financial charges65€295€157▼
Profit (loss) for the period before taxes9903€21k€87k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€15k€78k▲
Profit (loss) for the period to be appropriated9905€15k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€78k▲
Transfer to equity691/2€15k€78k▲
To other reserves6921€15k€78k▲
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €11k | €6k | €2k | ▼ 73.2% |
| Other operating charges640/8 | - | - | - | - | €1k | - |
| Gross operating margin9900 | €47k | €70k | €69k | €25k | €32k | ▲ 28.9% |
| Operating profit (loss)9901 | €43k | €65k | €58k | €19k | €29k | ▲ 56.4% |
| Financial income75/76B | - | - | €1k | €3k | €58k | ▲ 1,865% |
| Recurring financial income75 | - | - | €1k | €3k | €58k | ▲ 1,865% |
| Financial charges65/66B | €244 | €70 | €34 | €295 | €157 | ▼ 46.8% |
| Recurring financial charges65 | €244 | €70 | €34 | €295 | €157 | ▼ 46.8% |
| Profit (loss) for the period before taxes9903 | €43k | €65k | €60k | €21k | €87k | ▲ 310% |
| Income taxes67/77 | €9k | €13k | €17k | €6k | €8k | ▲ 29.0% |
| Profit (loss) for the period9904 | €34k | €52k | €43k | €15k | €78k | ▲ 432% |
| Profit (loss) for the period to be appropriated9905 | €34k | €52k | €43k | €15k | €78k | ▲ 432% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100k | €143k | €1.60M | €1.53M | €1.54M | ▲ 1.2% |
| Fixed assets21/28 | €11k | €17k | €1.43M | €1.43M | €1.43M | ▲ 0.1% |
| Tangible fixed assets22/27 | €11k | €17k | €6k | €8k | €8k | ▲ 10.8% |
| Furniture and vehicles24 | - | €17k | €6k | €8k | €8k | ▲ 10.8% |
| Leasing and similar rights25 | €11k | - | - | - | - | - |
| Financial fixed assets28 | - | - | €1.43M | €1.43M | €1.43M | = |
| Current assets29/58 | €89k | €126k | €170k | €93k | €111k | ▲ 19.0% |
| Amounts receivable after more than one year29 | - | €21k | €115k | €68k | €69k | ▲ 2.5% |
| Trade receivables290 | - | €553 | - | - | - | - |
| Other amounts receivable291 | - | €20k | €115k | €68k | €69k | ▲ 2.5% |
| Amounts receivable within one year40/41 | - | - | €9k | - | - | - |
| Trade receivables40 | - | - | €9k | - | - | - |
| Cash at bank and in hand54/58 | €85k | €103k | €43k | €24k | €38k | ▲ 57.6% |
| Deferred charges and accrued income490/1 | €4k | €2k | €3k | €1k | €4k | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100k | €143k | €1.60M | €1.53M | €1.54M | ▲ 1.2% |
| Equity10/15 | €67k | €118k | €161k | €176k | €254k | ▲ 44.6% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €57k | €108k | €151k | €166k | €244k | ▲ 47.3% |
| Distributable reserves133 | €57k | €108k | €151k | €166k | €244k | ▲ 47.3% |
| Amounts payable17/49 | €34k | €24k | €1.44M | €1.35M | €1.29M | ▼ 4.4% |
| Amounts payable after more than one year17 | €5k | - | €1.43M | €1.34M | €1.28M | ▼ 4.2% |
| Financial debts170/4 | €5k | - | €1.43M | €1.34M | - | - |
| Other amounts payable178/9 | - | - | - | - | €1.28M | - |
| Amounts payable within one year42/48 | €28k | €24k | €14k | €15k | €11k | ▼ 25.4% |
| Current portion of amounts payable after more than one year42 | €5k | - | - | - | - | - |
| Trade debts44 | €3k | €942 | €2k | €57 | €522 | ▲ 808% |
| Suppliers440/4 | €3k | €942 | €2k | €57 | €522 | ▲ 808% |
| Taxes, remuneration and social security45 | €20k | €23k | €11k | €10k | €6k | ▼ 40.2% |
| Taxes450/3 | €17k | €23k | €11k | €10k | €6k | ▼ 40.2% |
| Remuneration and social security454/9 | €3k | - | - | - | - | - |
| Other amounts payable47/48 | €819 | - | €2k | €4k | €4k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | €124 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €52k | €43k | €15k | €78k | ▲ 432% |
| + Depreciation and write-downs630 | €4k | €5k | €11k | €6k | €2k | ▼ 73.2% |
| Operating cash flow (approximation) | €38k | €57k | €54k | €21k | €80k | ▲ 281% |
| Investment in fixed assets (approximation) | - | €-11k | €-1.43M | €-8k | €-2k | ▲ 68.8% |
| Change in cash | - | €18k | €-60k | €-20k | €14k | ▲ 170% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2020net €78k ▲432%
Net result €78k, the highest in the series.
30-09
Financial
Equity above €200kEq €254k ▲44.6%
6 profitable years in a row build equity to €254k.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €15k ▼65.5%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 11.85
Current ratio from 5.17 to 11.85; short-term debt falls from €24k to €14k.
30-09
Financial
Equity above €150kEq €161k ▲36.2%
4 profitable years in a row build equity to €161k.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €118k ▲77.4%
3 profitable years in a row build equity to €118k.
17-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Lummen · 1 establishment unit since 2019
Ground area
988 m²
Building footprint
34 m²
Parcel 71542B0144/00H003, Flanders. Linked by address, not a title deed.
1 establishment unit
DEWA
since 20192.292.716.150
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542B0144/00H003 | Flanders | 988 m² | 1 · 34 m² | - |
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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Of 944 companies in sector 69203 we hold annual accounts for 660. 535 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
Founded30-08-2019
Fiscal year end30-09
Activities, NACEBEL 2025
69203Activities of company auditors
Contact
E-mail
deckers_ward@hotmail.comLummen
Scores and ratios are computed by Checked and are not a credit decision.