DEWA GROUP
ActiveSummary
DEWA GROUP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €25k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 29% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+26
Solvency53▲+16
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.85 in 2024; short-term debt: 59.3% and cash: 11.2% of total assets), and 72% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
28%
Return on assets
16.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
54 d late
2023
97 d late
2022
126 d late
2021
52 d late
2020
33 d late
2019
57 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 152%
2024 · €16k
2019: €37k
2020: €40k▲ +8.5% vs 2019
2021: €38k▼ -6.8% vs 2020
2022: €43k▲ +14.2% vs 2021highest in 7 years
2023: €21k▼ -50.9% vs 2022
2024: €16k▼ -22.3% vs 2023lowest in 7 years
2025: €41k▲ +152% vs 2024
2019 → 2025
Total assets
€148k▲ 7.2%
2024 · €138k
2019: €94k
2020: €77k▼ -17.6% vs 2019lowest in 7 years
2021: €113k▲ +46.4% vs 2020
2022: €108k▼ -4.0% vs 2021
2023: €119k▲ +9.9% vs 2022
2024: €138k▲ +15.4% vs 2023
2025: €148k▲ +7.2% vs 2024highest in 7 years
2019 → 2025
Net result
€25k
2024 · €-5k
2019: €-4k
2020: €3k▲ +184% vs 2019
2021: €-3k▼ -187% vs 2020
2022: €5k▲ +294% vs 2021
2023: €-22k▼ -510% vs 2022lowest in 7 years
2024: €-5k▲ +78.5% vs 2023
2025: €25k▲ +631% vs 2024highest in 7 years
2019 → 2025
Working capital
€19k
2024 · €-14k
2019: €31k
2020: €34k▲ +10.9% vs 2019
2021: €34k● -0.0% vs 2020
2022: €40k▲ +17.7% vs 2021highest in 7 years
2023: €-10k▼ -125% vs 2022
2024: €-14k▼ -42.1% vs 2023lowest in 7 years
2025: €19k▲ +231% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€43k▲ 14.2%€21k▼ 50.9%€16k▼ 22.3%€41k▲ 152%
2021: €38k
2022: €43k▲ +14.2% vs 2021highest in 5 years
2023: €21k▼ -50.9% vs 2022
2024: €16k▼ -22.3% vs 2023lowest in 5 years
2025: €41k▲ +152% vs 2024
Operating result€-3k-€5k€-22k€-3k▲ 86.2%€30k
2021: €-3k
2022: €5k▲ +306% vs 2021
2023: €-22k▼ -506% vs 2022lowest in 5 years
2024: €-3k▲ +86.2% vs 2023
2025: €30k▲ +1089% vs 2024highest in 5 years
Net result€-3k-€5k€-22k€-5k▲ 78.5%€25k
2021: €-3k
2022: €5k▲ +294% vs 2021
2023: €-22k▼ -510% vs 2022lowest in 5 years
2024: €-5k▲ +78.5% vs 2023
2025: €25k▲ +631% 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 returns to profit in 2025: €30k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€41k ▼ 22.6%
Current assets
€106k ▲ 26.0%
Equity and liabilities €148k
Equity
€41k ▲ 152%
Debt
€106k ▼ 12.4%
Debt's share of the balance-sheet total falls from 88.1% to 72.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €9k
Cash flow
€39k▲
2024 · €7k
Current ratio
1.22▲
2024 · 0.85
Quick ratio
0.99▲
2024 · 0.65
Debt to equity
2.57▼
2024 · 7.39
ROE
60.3%▲
2024 · -28.7%
ROA
16.9%▲
2024 · -3.4%
Interest coverage
23.56▲
2024 · 5.89
Debt ≤ 1 year
€88k▼
2024 · €99k
Debt > 1 year
€14k▼
2024 · €20k
Income taxes
€3k▲
2024 · €139
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€148k▲
Fixed assets21/28€53k€41k▼
Tangible fixed assets22/27€52k€40k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€23k€17k▼
Leasing and similar rights25€27k€21k▼
Financial fixed assets28€1k€1k=
Current assets29/58€84k€106k▲
Stocks and contracts in progress3€20k€20k▲
Stocks30/36€20k€20k▲
Amounts receivable within one year40/41€42k€55k▲
Trade receivables40€42k€55k▲
Other amounts receivable41€8-
Current investments50/53€5k€15k▲
Cash at bank and in hand54/58€16k€17k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€138k€148k▲
Equity10/15€16k€41k▲
Contributions10/11€3k€3k=
Reserves13€13k€38k▲
Distributable reserves133€13k€38k▲
Amounts payable17/49€121k€106k▼
Amounts payable after more than one year17€20k€14k▼
Financial debts170/4€20k€14k▼
Amounts payable within one year42/48€99k€88k▼
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€996€8k▲
Remuneration and social security454/9€594€580▼
Other amounts payable47/48€82k€64k▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€63€121▲
Gross operating margin9900€10k€45k▲
Operating profit (loss)9901€-3k€30k▲
Financial income75/76B€3€42▲
Recurring financial income75€3€42▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-5k€28k▲
Income taxes67/77€139€3k▲
Profit (loss) for the period9904€-5k€25k▲
Profit (loss) for the period to be appropriated9905€-5k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€25k▲
Transfer from equity791/2€5k-
Transfer to equity691/2-€25k
To other reserves6921-€25k
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 | €6k | €945 | €5k | €12k | €14k | ▲ 18.4% |
| Other operating charges640/8 | €2k | €695 | €852 | €1k | €1k | ▲ 3.2% |
| Non-recurring operating charges66A | €53 | €126 | €180 | €63 | €121 | ▲ 92.1% |
| Gross operating margin9900 | €5k | €7k | €-15k | €10k | €45k | ▲ 345% |
| Operating profit (loss)9901 | €-3k | €5k | €-22k | €-3k | €30k | ▲ 1,089% |
| Financial income75/76B | €24 | €5 | €141 | €3 | €42 | ▲ 1,300% |
| Recurring financial income75 | €24 | €5 | €141 | €3 | €42 | ▲ 1,300% |
| Financial charges65/66B | €172 | €44 | €75 | €2k | €2k | ▲ 21.4% |
| Recurring financial charges65 | €172 | €44 | €75 | €2k | €2k | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | €-3k | €5k | €-22k | €-5k | €28k | ▲ 714% |
| Income taxes67/77 | €-10 | - | €85 | €139 | €3k | ▲ 2,107% |
| Profit (loss) for the period9904 | €-3k | €5k | €-22k | €-5k | €25k | ▲ 631% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €5k | €-22k | €-5k | €25k | ▲ 631% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113k | €108k | €119k | €138k | €148k | ▲ 7.2% |
| Fixed assets21/28 | €4k | €3k | €33k | €53k | €41k | ▼ 22.6% |
| Tangible fixed assets22/27 | €3k | €2k | €31k | €52k | €40k | ▼ 23.2% |
| Plant, machinery and equipment23 | €1k | €2k | €1k | €1k | €2k | ▲ 54.0% |
| Furniture and vehicles24 | €1k | €580 | €30k | €23k | €17k | ▼ 27.0% |
| Leasing and similar rights25 | - | - | - | €27k | €21k | ▼ 23.4% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €109k | €105k | €86k | €84k | €106k | ▲ 26.0% |
| Stocks and contracts in progress3 | €19k | €20k | €20k | €20k | €20k | ▲ 0.4% |
| Stocks30/36 | €19k | €20k | €20k | €20k | €20k | ▲ 0.4% |
| Amounts receivable within one year40/41 | €54k | €81k | €48k | €42k | €55k | ▲ 29.0% |
| Trade receivables40 | €54k | €81k | €48k | €42k | €55k | ▲ 29.0% |
| Other amounts receivable41 | €5 | €229 | €4 | €8 | - | - |
| Current investments50/53 | €5k | - | - | €5k | €15k | ▲ 200% |
| Cash at bank and in hand54/58 | €30k | €3k | €17k | €16k | €17k | ▲ 4.8% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113k | €108k | €119k | €138k | €148k | ▲ 7.2% |
| Equity10/15 | €38k | €43k | €21k | €16k | €41k | ▲ 152% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €16k | €40k | €18k | €13k | €38k | ▲ 186% |
| Distributable reserves133 | €16k | €40k | €18k | €13k | €38k | ▲ 186% |
| Profit (loss) carried forward14 | €19k | - | - | - | - | - |
| Amounts payable17/49 | €75k | €66k | €98k | €121k | €106k | ▼ 12.4% |
| Amounts payable after more than one year17 | - | - | - | €20k | €14k | ▼ 29.3% |
| Financial debts170/4 | - | - | - | €20k | €14k | ▼ 29.3% |
| Amounts payable within one year42/48 | €75k | €65k | €97k | €99k | €88k | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €6k | ▲ 7.1% |
| Trade debts44 | €5k | €6k | €5k | €10k | €9k | ▼ 7.6% |
| Suppliers440/4 | €5k | €6k | €5k | €10k | €9k | ▼ 7.6% |
| Taxes, remuneration and social security45 | €2k | €1k | €3k | €2k | €8k | ▲ 420% |
| Taxes450/3 | €1k | - | €2k | €996 | €8k | ▲ 672% |
| Remuneration and social security454/9 | €705 | €1k | €638 | €594 | €580 | ▼ 2.4% |
| Other amounts payable47/48 | €68k | €57k | €89k | €82k | €64k | ▼ 21.5% |
| Accrued charges and deferred income492/3 | €585 | €969 | €2k | €3k | €5k | ▲ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €5k | €-22k | €-5k | €25k | ▲ 631% |
| + Depreciation and write-downs630 | €6k | €945 | €5k | €12k | €14k | ▲ 18.4% |
| Operating cash flow (approximation) | €3k | €6k | €-16k | €7k | €39k | ▲ 429% |
| Investment in fixed assets (approximation) | - | €-571 | €-35k | €-32k | €-2k | ▲ 92.8% |
| Change in cash | - | €-27k | €14k | €-1k | €754 | ▲ 160% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 126 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
31-03
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 57 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-10
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 4 acts read
About the unread acts
We know of 4 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
4 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, Waregem · 1 establishment unit since 2015
Ground area
461 m²
Building footprint
142 m²
Volume, LiDAR
892 m³
Parcel 34040C1229/00C002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEWA GROUP
since 20152.261.517.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1229/00C002 | Flanders | 461 m² | 1 · 142 m² | 10.8 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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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,905 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
Founded13-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
info@dewagroup.be
Scores and ratios are computed by Checked and are not a credit decision.