DEWAGTERE ENGINEERING
ActiveSummary
DEWAGTERE ENGINEERING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €225,072. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+14
Solvency85▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.25 in 2024; short-term debt: 36.3% and cash: 2.3% of total assets), and 40% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
60%
Return on assets
7.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
27 d early
2023
33 d early
2022
21 d early
2021
23 d early
2020
4 d early
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 8 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Hooglede, Manufacturing sector#9 oldest company in Hooglede, Manufacturing sector#10 company by total assets in Hooglede, Manufacturing sector
Equity
€1.8m▲ 13.7%
2024 · €1.6m
Total assets
€3.1m▼ 21.0%
2024 · €3.9m
Net result
€225,072▲ 20.8%
2024 · €186,242
Working capital
€442,880▼ 22.8%
2024 · €574,047
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€526,283▲ 221%€339,652▼ 35.5%€289,920▼ 14.6%€365,574▲ 26.1%€383,386▲ 4.9%
Net result€328,394above the sector's middle half▲ 252%€195,874within the sector's middle half▼ 40.4%€181,692within the sector's middle half▼ 7.2%€186,242within the sector's middle half▲ 2.5%€225,072above the sector's middle half▲ 20.8%
Equity€1.0mwithin the sector's middle half▲ 48.5%€1.2mabove the sector's middle half▲ 19.5%€1.4mabove the sector's middle half▲ 15.1%€1.6mabove the sector's middle half▲ 17.4%€1.8mabove the sector's middle half▲ 13.7%
Total assets€3.1mabove the sector's middle half▲ 26.5%€2.5mwithin the sector's middle half▼ 19.0%€3.0mabove the sector's middle half▲ 19.8%€3.9mabove the sector's middle half▲ 29.9%€3.1mabove the sector's middle half▼ 21.0%
Debt€2.1m▲ 17.9%€1.3m▼ 37.6%€1.6m▲ 24.4%€2.3m▲ 39.9%€1.2m▼ 46.1%
Working capital€898,917above the sector's middle half▲ 960%€536,686within the sector's middle half▼ 40.3%€286,694within the sector's middle half▼ 46.6%€574,047within the sector's middle half▲ 100%€442,880within the sector's middle half▼ 22.8%
Solvency32.5%within the sector's middle half▲ 4.8pp48.0%within the sector's middle half▲ 15.4pp46.1%within the sector's middle half▼ 1.9pp41.7%within the sector's middle half▼ 4.4pp60.0%within the sector's middle half▲ 18.3pp
Current ratio1.63within the sector's middle half▲ 0.581.45within the sector's middle half▼ 0.191.18below the sector's middle half▼ 0.271.25within the sector's middle half▲ 0.081.40within the sector's middle half▲ 0.14
Return on assets (ROA)10.6%within the sector's middle half▲ 6.8pp7.8%within the sector's middle half▼ 2.8pp6.0%within the sector's middle half▼ 1.8pp4.8%within the sector's middle half▼ 1.3pp7.3%within the sector's middle half▲ 2.5pp
Staff (FTE)17above the sector's middle half▲ 7.6%17.3above the sector's middle half▲ 1.8%17.3above the sector's middle half=16.3above the sector's middle half▼ 5.8%15.5above the sector's middle half▼ 4.9%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated 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 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€1.5m ▲ 42.2%
Current assets
€1.6m ▼ 44.9%
Equity and liabilities €3.1m
Equity
€1.8m ▲ 13.7%
Provisions
€14,727 ▼ 13.0%
Debt
€1.2m ▼ 46.1%
Debt's share of the balance-sheet total falls from 57.9% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€531,514▲
2024 · €477,061
Cash flow
€373,199▲
2024 · €297,729
Quick ratio
0.86▼
2024 · 1.08
Debt to equity
0.66▼
2024 · 1.39
ROE
12.2%▲
2024 · 11.5%
Interest coverage
6.57▲
2024 · 4.72
Debt ≤ 1 year
€1.1m▼
2024 · €2.3m
Income taxes
€88,834▲
2024 · €87,821
Staff costs
€1.4m▲
2024 · €948,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €915,609 | €854,041 | €948,920 | €1.4m | ▲ 47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €192,501 | €161,628 | €171,255 | €111,487 | €148,128 | ▲ 32.9% |
| Other operating charges640/8 | - | €48,523 | €48,756 | €52,998 | €55,118 | ▲ 4.0% |
| Gross operating margin9900 | €1.5m | €1.5m | €1.4m | €1.5m | €2.0m | ▲ 34.5% |
| Operating profit (loss)9901 | €526,283 | €339,652 | €289,920 | €365,574 | €383,386 | ▲ 4.9% |
| Financial income75/76B | - | €942 | €1,027 | €6,626 | €9,181 | ▲ 38.6% |
| Recurring financial income75 | €1,531 | €942 | €1,027 | €6,626 | €9,181 | ▲ 38.6% |
| Financial charges65/66B | - | €60,015 | €66,406 | €101,138 | €80,862 | ▼ 20.0% |
| Recurring financial charges65 | €57,558 | €60,015 | €66,406 | €101,138 | €80,862 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | €470,256 | €280,580 | €224,541 | €271,063 | €311,706 | ▲ 15.0% |
| Transfer from deferred taxes780 | - | €794 | €1,531 | €3,001 | €2,199 | ▼ 26.7% |
| Income taxes67/77 | €137,633 | €85,500 | €44,380 | €87,821 | €88,834 | ▲ 1.2% |
| Profit (loss) for the period9904 | €328,394 | €195,874 | €181,692 | €186,242 | €225,072 | ▲ 20.8% |
| Transfer from tax-exempt reserves789 | - | €3,178 | €6,124 | €6,124 | €5,743 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €311,478 | €199,052 | €187,816 | €192,366 | €230,815 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €2.5m | €3.0m | €3.9m | €3.1m | ▼ 21.0% |
| Fixed assets21/28 | €777,687 | €766,908 | €1.1m | €1.1m | €1.5m | ▲ 42.2% |
| Tangible fixed assets22/27 | €777,552 | €766,773 | €1.1m | €1.1m | €1.5m | ▲ 42.2% |
| Land and buildings22 | - | €428,758 | €832,420 | €794,605 | €1.1m | ▲ 38.3% |
| Plant, machinery and equipment23 | - | €135,216 | €69,574 | €47,707 | €247,824 | ▲ 419% |
| Furniture and vehicles24 | - | €109,837 | €113,970 | €132,646 | €79,550 | ▼ 40.0% |
| Other tangible fixed assets26 | - | €92,962 | €92,962 | €92,962 | €92,962 | = |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €2.3m | €1.7m | €1.9m | €2.8m | €1.6m | ▼ 44.9% |
| Stocks and contracts in progress3 | €288,000 | €627,798 | €633,155 | €399,470 | €599,530 | ▲ 50.1% |
| Stocks30/36 | - | €485,010 | €496,320 | €346,150 | €565,970 | ▲ 63.5% |
| Contracts in progress37 | - | €142,788 | €136,835 | €53,320 | €33,560 | ▼ 37.1% |
| Amounts receivable within one year40/41 | €689,424 | €523,769 | €554,283 | €583,836 | €886,729 | ▲ 51.9% |
| Trade receivables40 | - | €322,706 | €72,448 | €449,655 | €530,958 | ▲ 18.1% |
| Other amounts receivable41 | - | €201,063 | €481,835 | €134,181 | €355,772 | ▲ 165% |
| Cash at bank and in hand54/58 | €1.3m | €587,428 | €707,025 | €1.9m | €69,775 | ▼ 96.2% |
| Deferred charges and accrued income490/1 | - | €890 | - | - | €5,826 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €2.5m | €3.0m | €3.9m | €3.1m | ▼ 21.0% |
| Equity10/15 | €1.0m | €1.2m | €1.4m | €1.6m | €1.8m | ▲ 13.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €944,192 | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 14.9% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €24,776 | €18,652 | €12,529 | €6,786 | ▼ 45.8% |
| Distributable reserves133 | - | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 15.4% |
| Profit (loss) carried forward14 | - | - | - | €271 | €1,086 | ▲ 300% |
| Investment grants15 | - | - | - | €55,176 | €52,124 | ▼ 5.5% |
| Provisions and deferred taxes16 | €6,989 | €6,194 | €4,663 | €16,926 | €14,727 | ▼ 13.0% |
| Deferred taxes168 | - | €6,194 | €4,663 | €16,926 | €14,727 | ▼ 13.0% |
| Amounts payable17/49 | €2.1m | €1.3m | €1.6m | €2.3m | €1.2m | ▼ 46.1% |
| Amounts payable after more than one year17 | €185,369 | €95,333 | €7,334 | - | - | - |
| Financial debts170/4 | - | €95,333 | €7,334 | - | - | - |
| Amounts payable within one year42/48 | €1.4m | €1.2m | €1.6m | €2.3m | €1.1m | ▼ 50.5% |
| Current portion of amounts payable after more than one year42 | - | €90,035 | €88,000 | €7,334 | - | - |
| Trade debts44 | €374,112 | €401,279 | €226,310 | €724,942 | €735,837 | ▲ 1.5% |
| Suppliers440/4 | - | €401,279 | €226,310 | €724,942 | €735,837 | ▲ 1.5% |
| Taxes, remuneration and social security45 | - | €111,839 | €135,493 | €128,192 | €146,899 | ▲ 14.6% |
| Taxes450/3 | - | €21,948 | €13,129 | €42,319 | €40,087 | ▼ 5.3% |
| Remuneration and social security454/9 | - | €89,891 | €122,364 | €85,873 | €106,812 | ▲ 24.4% |
| Other amounts payable47/48 | - | €600,046 | €1.2m | €1.4m | €236,244 | ▼ 83.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €100,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €328,394 | €195,874 | €181,692 | €186,242 | €225,072 | ▲ 20.8% |
| + Depreciation and write-downs630 | €192,501 | €161,628 | €171,255 | €111,487 | €148,128 | ▲ 32.9% |
| Operating cash flow (approximation) | €520,895 | €357,502 | €352,947 | €297,729 | €373,199 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€150,849 | -€513,408 | -€70,481 | -€599,115 | ▼ 750% |
| Change in cash | - | -€751,773 | €119,597 | €1.1m | -€1.8m | ▼ 256% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €328,394 ▲252%
Operating result €526,283, net result €328,394, both a record.
31-03
Financial
Equity above €1mEq €1.0m ▲48.5%
3 profitable years in a row build equity to €1.0m.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
10-10
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 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hooglede · 2 establishment units since 1992
Ground area
9,081 m²
Building footprint
4,267 m²
Volume, LiDAR
32,492 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DEWAGTERE ENGINEERING
since 19922.058.225.578
DEWAGTERE ENGINEERING
since 20032.132.775.622
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0099/00V000 | Flanders | 8,178 m² | 1 · 4,048 m² | 9.4 m · 3 fl. |
| 36006C0011/00N000 | Flanders | 903 m² | 1 · 219 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 78,682 EUR awarded · 72,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 15,184 EUR | 9,100 EUR |
| 2024 | 2 | 9,017 EUR | 9,017 EUR |
| 2023 | 4 | 30,275 EUR | 30,275 EUR |
| 2022 | 1 | 24,206 EUR | 24,206 EUR |
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Company details
Identification
Legal formPublic limited company
Founded29-06-1992
Fiscal year end31-03
Activities, NACEBEL 2025
25530Machining of metals
28300Manufacture of machinery and equipment not elsewhere classified
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
77120Rental and leasing activities
77320Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447693008
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.