DEWA
Annual accounts 2025
micro format, filed on 02-04-2026, 28 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €57,000 and €110,000.
Balance sheet
balance sheet total €1.5m on 30-09-2025in euro
in euro
Position in the sector
16.5%
Higher than 18% of 15,828 companies in 2025.
10.08
Higher than 90% of 15,600 companies in 2025.
5.1%
Higher than 21% of 15,717 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.5m | 1.5m | 1.6m | 142,660 | 100,226 | 61,274 | |
21/28 |
1.4m | 1.4m | 1.4m | 16,806 | 11,301 | 15,183 | |
22/27 |
8,405 | 7,588 | 5,852 | 16,806 | 11,301 | 15,183 | |
24 |
8,405 | 7,588 | 5,852 | 16,806 | - | - | |
25 |
- | - | - | - | 11,301 | - | |
28 |
1.4m | 1.4m | 1.4m | - | - | - | |
29/58 |
110,711 | 93,046 | 169,610 | 125,854 | 88,925 | 46,091 | |
29 |
69,493 | 67,798 | 115,000 | 20,584 | - | - | |
290 |
- | - | - | 553 | - | - | |
291 |
69,493 | 67,798 | 115,000 | 20,031 | - | - | |
40/41 |
- | - | 8,521 | - | - | 2 | |
40 |
- | - | 8,521 | - | - | - | |
41 |
- | - | - | - | - | 2 | |
54/58 |
37,505 | 23,792 | 43,434 | 103,015 | 84,968 | 42,161 | |
490/1 |
3,712 | 1,456 | 2,655 | 2,255 | 3,956 | 3,928 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.5m | 1.5m | 1.6m | 142,660 | 100,226 | 61,274 | |
10/15 |
254,383 | 175,905 | 161,149 | 118,331 | 66,689 | 32,774 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
11 |
- | - | - | - | - | 10,000 | |
1109/19 |
- | - | - | - | - | 10,000 | |
13 |
244,383 | 165,905 | 151,149 | 108,331 | 56,689 | 22,774 | |
133 |
244,383 | 165,905 | 151,149 | 108,331 | 56,689 | 22,774 | |
17/49 |
1.3m | 1.3m | 1.4m | 24,329 | 33,536 | 28,499 | |
17 |
1.3m | 1.3m | 1.4m | - | 5,139 | 9,835 | |
170/4 |
- | 1.3m | 1.4m | - | 5,139 | 9,835 | |
178/9 |
1.3m | - | - | - | - | - | |
42/48 |
10,983 | 14,729 | 14,313 | 24,329 | 28,274 | 18,665 | |
42 |
- | - | - | - | 4,696 | 4,630 | |
44 |
522 | 57 | 1,504 | 942 | 2,556 | - | |
440/4 |
522 | 57 | 1,504 | 942 | 2,556 | - | |
45 |
6,183 | 10,336 | 10,838 | 23,388 | 20,203 | 13,810 | |
450/3 |
6,183 | 10,336 | 10,838 | 23,388 | 17,271 | 13,810 | |
454/9 |
- | - | - | - | 2,932 | - | |
47/48 |
4,278 | 4,335 | 1,971 | - | 819 | 224 | |
492/3 |
- | - | - | - | 124 | - | |
| Income statement | |||||||
9900 |
31,957 | 24,785 | 69,295 | 70,256 | 47,188 | 33,980 | |
630 |
1,675 | 6,258 | 10,954 | 5,102 | 3,882 | 4,226 | |
640/8 |
1,304 | - | - | - | - | - | |
9901 |
28,978 | 18,527 | 58,341 | 65,154 | 43,306 | 29,754 | |
75/76B |
57,945 | 2,950 | 1,306 | - | - | - | |
75 |
57,945 | 2,950 | 1,306 | - | - | - | |
65/66B |
157 | 295 | 34 | 70 | 244 | 285 | |
65 |
157 | 295 | 34 | 70 | 244 | 285 | |
9903 |
86,766 | 21,182 | 59,613 | 65,083 | 43,062 | 29,469 | |
67/77 |
8,288 | 6,425 | 16,795 | 13,442 | 9,147 | 6,695 | |
9904 |
78,478 | 14,757 | 42,818 | 51,641 | 33,915 | 22,774 | |
9905 |
78,478 | 14,757 | 42,818 | 51,641 | 33,915 | 22,774 | |
| Appropriation of the result | |||||||
9906 |
78,478 | 14,757 | 42,818 | 51,641 | 33,915 | 22,774 | |
691/2 |
78,478 | 14,757 | 42,818 | 51,641 | 33,915 | 22,774 | |
6921 |
78,478 | 14,757 | 42,818 | 51,641 | 33,915 | 22,774 | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 02-04-2026 | 2026-00071417 | |
| 30-09-2024 | micro format | 01-04-2025 | 2025-00060088 | |
| 30-09-2023 | micro format | 19-03-2024 | 2024-00045477 | |
| 30-09-2022 | micro format | 23-03-2023 | 2023-00044031 | |
| 30-09-2021 | micro format | 17-04-2022 | 2022-20004039 | |
| 30-09-2020 | micro format | 10-04-2021 | 2021-10400127 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 30,653 | 24,785 | 69,295 | 70,256 | 47,188 | 33,980 | ||
| 80,153 | 21,015 | 53,772 | 56,743 | 37,797 | 27,000 | ||
| 2,492 | 7,994 | 1.4m | 21,908 | 0 | 19,409 | ||
| 13,714 | -19,643 | -59,581 | 18,046 | 42,807 | - | ||
| 99,728 | 78,317 | 155,296 | 101,524 | 60,651 | 27,426 | ||
| 16.5% | 11.5% | 10.1% | 82.9% | 66.5% | 53.5% | ||
| 10.08 | 6.32 | 11.85 | 5.17 | 3.15 | 2.47 | ||
| 5.07 | 7.67 | 8.93 | 0.21 | 0.50 | 0.87 | ||
| 30.9% | 8.4% | 26.6% | 43.6% | 50.9% | 69.5% | ||
| 5.1% | 1.0% | 2.7% | 36.2% | 33.8% | 37.2% | ||
| over 100 | 84.14 | over 100 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,492 | €7,994 | - | €21,908 | - |
| Financial fixed assets | - | - | €1.4m | - | - |
| €1,675 | €6,258 | €10,954 | €5,102 | €3,882 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DEWA
The operating result for 2025 is 56% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 88.5% to 83.5%. Equity is higher and debt is lower.