DEWAELE & ZONEN
ActiveSummary
DEWAELE & ZONEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340k and a net result of €49k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.83 against 38.64 in 2024; short-term debt: 17.8% and cash: 63.1% of total assets), and 17.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
82.2%
Return on assets
11.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
30 d late
2022
on the day
2021
29 d early
2020
26 d late
2019
36 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 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
€340k▼ 18.1%
2024 · €415k
2018: €268klowest in 8 years
2019: €298k▲ +11.1% vs 2018
2020: €322k▲ +8.2% vs 2019
2021: €343k▲ +6.6% vs 2020
2022: €332k▼ -3.4% vs 2021
2023: €373k▲ +12.5% vs 2022
2024: €415k▲ +11.3% vs 2023highest in 8 years
2025: €340k▼ -18.1% vs 2024
2018 → 2025
Total assets
€414k▼ 2.4%
2024 · €424k
2018: €288klowest in 8 years
2019: €330k▲ +14.5% vs 2018
2020: €361k▲ +9.3% vs 2019
2021: €374k▲ +3.8% vs 2020
2022: €374k▼ -0.1% vs 2021
2023: €417k▲ +11.4% vs 2022
2024: €424k▲ +1.9% vs 2023highest in 8 years
2025: €414k▼ -2.4% vs 2024
2018 → 2025
Net result
€49k▲ 15.2%
2024 · €42k
2018: €62khighest in 8 years
2019: €30k▼ -52.2% vs 2018
2020: €24k▼ -17.9% vs 2019
2021: €21k▼ -13.7% vs 2020lowest in 8 years
2022: €23k▲ +9.6% vs 2021
2023: €41k▲ +78.6% vs 2022
2024: €42k▲ +2.2% vs 2023
2025: €49k▲ +15.2% vs 2024
2018 → 2025
Working capital
€283k▼ 16.4%
2024 · €338k
2018: €223klowest in 8 years
2019: €257k▲ +14.9% vs 2018
2020: €290k▲ +13.0% vs 2019
2021: €320k▲ +10.3% vs 2020
2022: €310k▼ -3.0% vs 2021
2023: €277k▼ -10.7% vs 2022
2024: €338k▲ +22.1% vs 2023highest in 8 years
2025: €283k▼ -16.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€343k-€332k▼ 3.4%€373k▲ 12.5%€415k▲ 11.3%€340k▼ 18.1%
2021: €343k
2022: €332k▼ -3.4% vs 2021lowest in 5 years
2023: €373k▲ +12.5% vs 2022
2024: €415k▲ +11.3% vs 2023highest in 5 years
2025: €340k▼ -18.1% vs 2024
Operating result€28k-€30k▲ 8.0%€17k▼ 43.0%€52k▲ 201%€67k▲ 30.0%
2021: €28k
2022: €30k▲ +8.0% vs 2021
2023: €17k▼ -43.0% vs 2022lowest in 5 years
2024: €52k▲ +201% vs 2023
2025: €67k▲ +30.0% vs 2024highest in 5 years
Net result€21k-€23k▲ 9.6%€41k▲ 78.6%€42k▲ 2.2%€49k▲ 15.2%
2021: €21klowest in 5 years
2022: €23k▲ +9.6% vs 2021
2023: €41k▲ +78.6% vs 2022
2024: €42k▲ +2.2% vs 2023
2025: €49k▲ +15.2% 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€58k ▼ 25.5%
Current assets
€357k ▲ 2.7%
Equity and liabilities €414k
Equity
€340k ▼ 18.1%
Debt
€74k ▲ 722%
Debt's share of the balance-sheet total rises from 2.1% to 17.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €76k
Cash flow
€72k▲
2024 · €67k
Current ratio
4.83▼
2024 · 38.64
Quick ratio
4.51▼
2024 · 35.77
Debt to equity
0.22▲
2024 · 0.02
ROE
14.3%▲
2024 · 10.2%
ROA
11.8%▲
2024 · 10.0%
Interest coverage
154.30▲
2024 · 69.77
Debt ≤ 1 year
€74k▲
2024 · €9k
Income taxes
€20k▲
2024 · €17k
Staff costs
€63k▲
2024 · €60k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€424k€414k▼
Fixed assets21/28€77k€58k▼
Tangible fixed assets22/27€77k€57k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€73k€54k▼
Other tangible fixed assets26€2k€603▼
Financial fixed assets28€248€248=
Current assets29/58€347k€357k▲
Stocks and contracts in progress3€26k€24k▼
Stocks30/36€26k€24k▼
Amounts receivable within one year40/41€61k€68k▲
Trade receivables40€36k€65k▲
Other amounts receivable41€24k€3k▼
Current investments50/53€0-
Cash at bank and in hand54/58€257k€261k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€424k€414k▼
Equity10/15€415k€340k▼
Contributions10/11€6k€6k=
Reserves13€409k€334k▼
Distributable reserves133€409k€334k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€9k€74k▲
Amounts payable within one year42/48€9k€74k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€20€201▲
Credit institutions430/8€20€201▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€0€5k▲
Taxes450/3€0€5k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0€61k▲
Income statement
Code20242025
Remuneration, social security and pensions62€60k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€23k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€139k€159k▲
Operating profit (loss)9901€52k€67k▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Non-recurring financial income76B€0-
Financial charges65/66B€1k€584▼
Recurring financial charges65€1k€584▼
Profit (loss) for the period before taxes9903€59k€69k▲
Income taxes67/77€17k€20k▲
Profit (loss) for the period9904€42k€49k▲
Profit (loss) for the period to be appropriated9905€42k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€49k▲
Transfer from equity791/2-€124k
Transfer to equity691/2€42k€49k▲
To the legal reserve6920€42k€49k▲
Profit to be distributed694/7-€124k
Return on contributions (dividend)694-€124k
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €53k | €53k | €55k | €60k | €63k | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €14k | €16k | €25k | €23k | ▼ 6.4% |
| Other operating charges640/8 | €843 | €844 | €1k | €2k | €6k | ▲ 170% |
| Gross operating margin9900 | €97k | €99k | €90k | €139k | €159k | ▲ 14.8% |
| Operating profit (loss)9901 | €28k | €30k | €17k | €52k | €67k | ▲ 30.0% |
| Financial income75/76B | €2k | €3k | €41k | €9k | €2k | ▼ 74.0% |
| Recurring financial income75 | €2k | €3k | €4k | €9k | €2k | ▼ 74.0% |
| Non-recurring financial income76B | €0 | - | €37k | €0 | - | - |
| Financial charges65/66B | €524 | €1k | €642 | €1k | €584 | ▼ 46.6% |
| Recurring financial charges65 | €524 | €1k | €642 | €1k | €584 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €30k | €32k | €58k | €59k | €69k | ▲ 15.9% |
| Income taxes67/77 | €9k | €9k | €16k | €17k | €20k | ▲ 17.4% |
| Profit (loss) for the period9904 | €21k | €23k | €41k | €42k | €49k | ▲ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €21k | €23k | €41k | €42k | €49k | ▲ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374k | €374k | €417k | €424k | €414k | ▼ 2.4% |
| Fixed assets21/28 | €33k | €25k | €96k | €77k | €58k | ▼ 25.5% |
| Tangible fixed assets22/27 | €33k | €24k | €96k | €77k | €57k | ▼ 25.6% |
| Plant, machinery and equipment23 | €0 | €3k | €2k | €2k | €3k | ▲ 49.3% |
| Furniture and vehicles24 | - | €2k | €88k | €73k | €54k | ▼ 25.9% |
| Leasing and similar rights25 | €14k | €7k | €0 | - | - | - |
| Other tangible fixed assets26 | €20k | €13k | €6k | €2k | €603 | ▼ 75.3% |
| Financial fixed assets28 | €298 | €298 | €248 | €248 | €248 | = |
| Current assets29/58 | €341k | €349k | €321k | €347k | €357k | ▲ 2.7% |
| Stocks and contracts in progress3 | €12k | €8k | €17k | €26k | €24k | ▼ 8.7% |
| Stocks30/36 | €12k | €8k | €17k | €26k | €24k | ▼ 8.7% |
| Amounts receivable within one year40/41 | €44k | €79k | €126k | €61k | €68k | ▲ 12.1% |
| Trade receivables40 | €30k | €63k | €109k | €36k | €65k | ▲ 78.9% |
| Other amounts receivable41 | €14k | €16k | €17k | €24k | €3k | ▼ 87.1% |
| Current investments50/53 | - | - | €125k | €0 | - | - |
| Cash at bank and in hand54/58 | €280k | €260k | €48k | €257k | €261k | ▲ 1.6% |
| Deferred charges and accrued income490/1 | €6k | €3k | €5k | €3k | €4k | ▲ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374k | €374k | €417k | €424k | €414k | ▼ 2.4% |
| Equity10/15 | €343k | €332k | €373k | €415k | €340k | ▼ 18.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €337k | €326k | €367k | €409k | €334k | ▼ 18.4% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €337k | €326k | €367k | €409k | €334k | ▼ 18.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €31k | €42k | €43k | €9k | €74k | ▲ 722% |
| Amounts payable after more than one year17 | €10k | €3k | €0 | - | - | - |
| Financial debts170/4 | €10k | €3k | €0 | - | - | - |
| Amounts payable within one year42/48 | €21k | €39k | €43k | €9k | €74k | ▲ 722% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €3k | €0 | - | - |
| Financial debts43 | €29 | €0 | €18 | €20 | €201 | ▲ 908% |
| Credit institutions430/8 | €29 | €0 | €18 | €20 | €201 | ▲ 908% |
| Trade debts44 | €11k | €29k | €32k | €9k | €8k | ▼ 14.5% |
| Suppliers440/4 | €11k | €29k | €32k | €9k | €8k | ▼ 14.5% |
| Taxes, remuneration and social security45 | €3k | €589 | €6k | €0 | €5k | - |
| Taxes450/3 | €3k | €589 | €1k | €0 | €5k | - |
| Remuneration and social security454/9 | €613 | €0 | €5k | €0 | - | - |
| Other amounts payable47/48 | - | €3k | €2k | €0 | €61k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €23k | €41k | €42k | €49k | ▲ 15.2% |
| + Depreciation and write-downs630 | €16k | €14k | €16k | €25k | €23k | ▼ 6.4% |
| Operating cash flow (approximation) | €37k | €38k | €58k | €67k | €72k | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €-6k | €-88k | €-6k | €-3k | ▲ 41.7% |
| Change in cash | - | €-20k | €-212k | €210k | €4k | ▼ 98.0% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 38.64
Current ratio from 7.37 to 38.64; short-term debt falls from €43k to €9k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €21k ▼13.7%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 30.42
Current ratio from 11.96 to 30.42; short-term debt falls from €20k to €9k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Geraardsbergen · 1 establishment unit since 2002
Ground area
2,666 m²
Building footprint
216 m²
Volume, LiDAR
1,113 m³
Parcel 41070B0094/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Werfstraat(Via) 10, 9500 Geraardsbergen
since 20022.114.615.935
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41070B0094/00H000 | Flanders | 2,666 m² | 1 · 216 m² | 8.1 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 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,428 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
Founded04-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
43223Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.