DEWATEX
ActiveSummary
DEWATEX has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.65M and a net result of €988k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 23.4 against 5.12 in 2024; short-term debt: 4.1% and cash: 87.9% of total assets), and 4.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 13
Relative position
BE, all sectors
reference
Sector 13
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
95.9%
Return on assets
14.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 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
24 d late
2024
20 d late
2023
1 d early
2022
on the day
2021
on the day
2020
1 d late
2019
26 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.65M▲ 17.5%
2024 · €5.66M
2019: €3.03M
2020: €3.38M
2021: €3.84M
2022: €3.92M
2023: €4.80M
2024: €5.66M
2019 → 2025
Total assets
€6.93M▼ 0.3%
2024 · €6.96M
2019: €3.48M
2020: €3.57M
2021: €4.17M
2022: €4.17M
2023: €5.18M
2024: €6.96M
2019 → 2025
Net result
€988k▼ 34.5%
2024 · €1.51M
2019: €458k
2020: €354k
2021: €480k
2022: €559k
2023: €879k
2024: €1.51M
2019 → 2025
Working capital
€6.44M▲ 20.2%
2024 · €5.36M
2019: €2.70M
2020: €3.04M
2021: €3.59M
2022: €3.71M
2023: €4.55M
2024: €5.36M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.84M-€3.92M▲ 2.0%€4.80M▲ 22.4%€5.66M▲ 17.9%€6.65M▲ 17.5%
Operating result€688k-€827k▲ 20.2%€1.31M▲ 58.1%€2.18M▲ 66.6%€1.31M▼ 40.1%
Net result€480k-€559k▲ 16.4%€879k▲ 57.2%€1.51M▲ 71.6%€988k▼ 34.5%
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 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.93M
Fixed assets
€205k ▼ 31.8%
Current assets
€6.73M ▲ 1.1%
Equity and liabilities €6.93M
Equity
€6.65M ▲ 17.5%
Debt
€288k ▼ 77.9%
Debt's share of the balance-sheet total falls from 18.7% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.37M▼
2024 · €2.24M
Cash flow
€1.06M▼
2024 · €1.57M
Current ratio
23.40▲
2024 · 5.12
Quick ratio
23.05▲
2024 · 5.01
Debt to equity
0.04▼
2024 · 0.23
ROE
14.9%▼
2024 · 26.7%
ROA
14.3%▼
2024 · 21.7%
Interest coverage
2782.46▼
2024 · 5232.66
Debt ≤ 1 year
€288k▼
2024 · €1.30M
Income taxes
€462k▼
2024 · €724k
Staff costs
€1k▲
2024 · €1k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.96M€6.93M▼
Fixed assets21/28€301k€205k▼
Tangible fixed assets22/27€301k€205k▼
Land and buildings22€96k€85k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€186k€106k▼
Financial fixed assets28€248€248=
Current assets29/58€6.66M€6.73M▲
Amounts receivable after more than one year29€250k€50k▼
Other amounts receivable291€250k€50k▼
Stocks and contracts in progress3€148k€100k▼
Stocks30/36€148k€100k▼
Amounts receivable within one year40/41€875k€475k▼
Trade receivables40€840k€400k▼
Other amounts receivable41€36k€74k▲
Current investments50/53€0-
Cash at bank and in hand54/58€5.37M€6.09M▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€6.96M€6.93M▼
Equity10/15€5.66M€6.65M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€5.60M€6.58M▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€5.53M€6.52M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.30M€288k▼
Amounts payable within one year42/48€1.30M€288k▼
Trade debts44€341k€211k▼
Suppliers440/4€341k€211k▼
Taxes, remuneration and social security45€283k€6k▼
Taxes450/3€283k€6k▼
Other amounts payable47/48€676k€70k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1k€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€68k▲
Other operating charges640/8€893€7k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€2.24M€1.39M▼
Operating profit (loss)9901€2.18M€1.31M▼
Financial income75/76B€55k€146k▲
Recurring financial income75€55k€146k▲
Financial charges65/66B€427€493▲
Recurring financial charges65€427€493▲
Profit (loss) for the period before taxes9903€2.23M€1.45M▼
Income taxes67/77€724k€462k▼
Profit (loss) for the period9904€1.51M€988k▼
Profit (loss) for the period to be appropriated9905€1.51M€988k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.51M€988k▼
Transfer from equity791/2€650k€0▼
Transfer to equity691/2€1.51M€988k▼
To other reserves6921€1.51M€988k▼
Profit to be distributed694/7€650k€0▼
Return on contributions (dividend)694€650k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
30-06
Financial
Liquidity times 5current ratio 23.40
Current ratio from 5.12 to 23.40; short-term debt falls from €1.30M to €288k.
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
30-06
Financial
Highest result since 2019net €1.51M ▲71.6%
Operating result €2.18M, net result €1.51M, both a record.
30-06
Financial
Equity above €5MEq €5.66M ▲17.9%
6 profitable years in a row build equity to €5.66M.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €354k ▼22.7%
Net result drops to €354k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 17.04
Current ratio from 6.99 to 17.04; short-term debt falls from €451k to €190k.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
Show earlier events
2019
24-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 24 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 1996
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.
Emiel Clausstraat 228793 WaregemGround area
2,660 m²
Building footprint
2,135 m²
Parcel 34035A0023/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Emiel Clausstraat 22, 8793 Waregem
since 19962.078.791.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0023/00Y000 | Flanders | 2,660 m² | 1 · 2,135 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
967600KMNLVNCKMTIS64
Similar companies · same sector, comparable size
UNITED WOOL SPINNERS
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PICAVET
BE 0401.038.481
Zulte · Eq €6.93M
JOS VANNESTE
BE 0428.663.784
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VLASBEDRIJF VERHALLE
BE 0428.335.370
Zulte · Eq €7.30M
VERSTRAETE - HAHN
BE 0442.283.277
Waregem · Eq €7.40M
Of 210 companies in sector 13100 we hold annual accounts for 139. 89 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-10-1996
Fiscal year end30-06
Activities, NACEBEL 2025
13100Manufacture of textiles
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.