DEWAELE
ActiveDEWAELE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.83M and a net result of €468k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 5.81 against 3.44 in 2024; short-term debt: 10.3% and cash: 22.2% of total assets), and 18% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
82%
Return on assets
6.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-06-2026, 37 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
37 d late
2024
29 d late
2023
6 d late
2022
1 d late
2021
24 d late
2020
38 d early
2019
37 d early
← before the deadline
after the deadline →
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
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.83M▲ 8.7%
2024 · €5.36M
2018: €1.39M
2019: €2.03M
2020: €2.08M
2021: €2.50M
2022: €2.15M
2023: €3.26M
2024: €5.36M
2018 → 2025
Total assets
€7.11M▲ 3.8%
2024 · €6.85M
2018: €2.65M
2019: €3.71M
2020: €3.60M
2021: €3.90M
2022: €4.04M
2023: €4.28M
2024: €6.85M
2018 → 2025
Net result
€468k▼ 79.1%
2024 · €2.24M
2018: €40k
2019: €641k
2020: €52k
2021: €415k
2022: €547k
2023: €1.11M
2024: €2.24M
2018 → 2025
Working capital
€3.54M▲ 14.9%
2024 · €3.08M
2018: €736k
2019: €1.04M
2020: €1.35M
2021: €1.16M
2022: €1.14M
2023: €1.56M
2024: €3.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.50M-€2.15M▼ 14.1%€3.26M▲ 51.7%€5.36M▲ 64.5%€5.83M▲ 8.7%
Operating result€616k-€806k▲ 30.9%€1.66M▲ 106%€3.24M▲ 95.0%€603k▼ 81.4%
Net result€415k-€547k▲ 31.6%€1.11M▲ 103%€2.24M▲ 102%€468k▼ 79.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.11M
Fixed assets
€2.83M▲ 13.0%
Current assets
€4.27M▼ 1.6%
Equity and liabilities €7.11M
Equity
€5.83M▲ 8.7%
Provisions
€2k▼ 16.7%
Debt
€1.28M▼ 14.1%
The debt ratio falls from 21.7% to 17.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.09M▼
2024 · €3.65M
Cash flow
€959k▼
2024 · €2.65M
Solvency
82.0%▲
2024 · 78.3%
Current ratio
5.81▲
2024 · 3.44
Quick ratio
4.88▲
2024 · 3.16
Debt / equity
0.22▼
2024 · 0.28
ROE
8.0%▼
2024 · 41.8%
ROA
6.6%▼
2024 · 32.7%
Interest coverage
60.16▼
2024 · 324.61
Debt
€1.28M▼
2024 · €1.49M
Debt ≤ 1 year
€736k▼
2024 · €1.26M
Debt > 1 year
€534k▲
2024 · €217k
Income taxes
€171k▼
2024 · €1.04M
Staff costs
€135k▲
2024 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.85M€7.11M▲
Fixed assets21/28€2.51M€2.83M▲
Tangible fixed assets22/27€2.51M€2.83M▲
Land and buildings22€1.18M€1.11M▼
Plant, machinery and equipment23€877k€924k▲
Furniture and vehicles24€436k€787k▲
Other tangible fixed assets26€13k€12k▼
Financial fixed assets28€520€520=
Current assets29/58€4.34M€4.27M▼
Stocks and contracts in progress3€351k€686k▲
Stocks30/36€351k€686k▲
Amounts receivable within one year40/41€588k€1.32M▲
Trade receivables40€166k€887k▲
Other amounts receivable41€421k€433k▲
Current investments50/53€2.00M€667k▼
Cash at bank and in hand54/58€1.38M€1.58M▲
Deferred charges and accrued income490/1€22k€22k▼
Equity and liabilities
Total equity and liabilities10/49€6.85M€7.11M▲
Equity10/15€5.36M€5.83M▲
Contributions10/11€31k€31k=
Capital10-€31k
Issued capital100-€31k
Reserves13€5.16M€5.63M▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€6k€5k▼
Distributable reserves133€5.16M€5.62M▲
Profit (loss) carried forward14€170k€170k=
Provisions and deferred taxes16€2k€2k▼
Deferred taxes168€2k€2k▼
Amounts payable17/49€1.49M€1.28M▼
Amounts payable after more than one year17€217k€534k▲
Financial debts170/4€217k€534k▲
Amounts payable within one year42/48€1.26M€736k▼
Current portion of amounts payable after more than one year42€113k€233k▲
Trade debts44€474k€316k▼
Suppliers440/4€474k€316k▼
Taxes, remuneration and social security45€449k€72k▼
Taxes450/3€421k€54k▼
Remuneration and social security454/9€29k€18k▼
Other amounts payable47/48€228k€115k▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Non-recurring operating income76A-€29k
Remuneration, social security and pensions62€123k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€406k€492k▲
Other operating charges640/8€6k€34k▲
Gross operating margin9900€3.78M€1.26M▼
Operating profit (loss)9901€3.24M€603k▼
Financial income75/76B€48k€54k▲
Recurring financial income75€48k€54k▲
Financial charges65/66B€11k€18k▲
Recurring financial charges65€11k€18k▲
Profit (loss) for the period before taxes9903€3.28M€639k▼
Transfer from deferred taxes780€300€300=
Income taxes67/77€1.04M€171k▼
Profit (loss) for the period9904€2.24M€468k▼
Transfer from tax-exempt reserves789€900€900=
Profit (loss) for the period to be appropriated9905€2.24M€469k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.41M€638k▼
Profit (loss) brought forward from the previous period14P€170k€170k=
Transfer from equity791/2€137k-
Transfer to equity691/2€2.24M€469k▼
To other reserves6921€2.24M€469k▼
Profit to be distributed694/7€137k-
Return on contributions (dividend)694€137k-
Social balance
Average headcount (FTE)90873.83.4▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 37 days late
2025
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-09
Financial
Highest result since 2018net €2.24M ▲102%
Operating result €3.24M, net result €2.24M, both a record.
30-09
Financial
Equity above €5MEq €5.36M ▲64.5%
7 profitable years in a row build equity to €5.36M.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €2MEq €2.03M ▲46.5%
2 profitable years in a row build equity to €2.03M.
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
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.
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, Waregem · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meelstraat 418792 WaregemGround area
1,482 m²
Building footprint
236 m²
Volume, LiDAR
1,068 m³
Parcel 34010B0349/00F000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Loonwerken Dewaele
since 19902.046.687.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0349/00F000 | Flanders | 1,482 m² | 1 · 236 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2024 to 2025 · 5 entries · 43,260 EUR awarded · 43,260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 318 EUR | 43,098 EUR |
| 2024 | 2 | 42,942 EUR | 162 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.046.687.330
Similar companies · same sector, comparable size
BAUCYM ESTATES COMPANY
BE 0477.139.139
Florennes · Eq €5.91M
ETABLISSEMENTS WITDOUCK
BE 0416.471.577
Tournai · Eq €5.73M
STERBOS
BE 0428.746.829
Wuustwezel · Eq €5.97M
LIBOTTE GEORGES
BE 0869.795.535
Ramillies · Eq €6.10M
ACKX
BE 0434.922.066
Tessenderlo · Eq €6.12M
Of 5,168 companies in sector 01110 we hold annual accounts for 612. 183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-1989
Fiscal year end30-09
Activities, NACEBEL
01110Growing of cereals (except rice), leguminous crops and oil seeds
13100Manufacture of textiles
17140
01160Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.