DEWEER
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is nearly 15 times that of 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Debts secured on the company's own assets | €200,000 | €200,000 | €133,333 |
| Mortgages, amount registered | €500,000 | €500,000 | €500,000 |
| Carrying value of the mortgaged assets | €265,448 | €241,316 | €217,185 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | - | €9,457 | €811,345 |
| Depreciation and write-downs of the year | €24,187 | €24,607 | €25,132 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.03m | ▲ 2.1% |
| Other operating charges640/8 | €0.02m | €0.02m | €0.02m | ▲ 8.8% |
| Gross operating margin9900 | €0.08m | €0.1m | €1.1m | ▲ 871% |
| Operating profit (loss)9901 | €0.04m | €0.07m | €1.1m | ▲ 15× |
| Financial income75/76B | - | - | €0.02m | - |
| Recurring financial income75 | - | - | €0 | - |
| Non-recurring financial income76B | - | - | €0.02m | - |
| Financial charges65/66B | €0.008m | €0.008m | €0.02m | ▲ 110% |
| Recurring financial charges65 | €0.008m | €0.008m | €0.01m | ▲ 65.7% |
| Non-recurring financial charges66B | - | - | €0.004m | - |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.06m | €1.1m | ▲ 17× |
| Income taxes67/77 | €0.01m | €0.02m | €0.3m | ▲ 19× |
| Profit (loss) for the period9904 | €0.03m | €0.05m | €0.7m | ▲ 16× |
| Transfer from tax-exempt reserves789 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.05m | €0.7m | ▲ 16× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.6m | €0.5m | €2.2m | ▲ 308% |
| Fixed assets21/28 | €0.5m | €0.5m | €1.2m | ▲ 164% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €1.0m | ▲ 314% |
| Land and buildings22 | €0.3m | €0.2m | €0.8m | ▲ 225% |
| Plant, machinery and equipment23 | €220 | €0.009m | €0.03m | ▲ 273% |
| Leasing and similar rights25 | - | - | €0.2m | - |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | ▼ 11.8% |
| Current assets29/58 | €0.1m | €0.07m | €0.9m | ▲ 14× |
| Amounts receivable within one year40/41 | €0.08m | €0.05m | €0.8m | ▲ 16× |
| Trade receivables40 | €0.07m | €0.05m | €0.7m | ▲ 15× |
| Other amounts receivable41 | €0.01m | €0.002m | €0.08m | ▲ 35× |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.1m | ▲ 756% |
| Deferred charges and accrued income490/1 | €0.001m | €0.001m | €0.001m | ▲ 8.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.6m | €0.5m | €2.2m | ▲ 308% |
| Equity10/15 | €0.2m | €0.2m | €0.9m | ▲ 341% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.2m | €0.9m | ▲ 374% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | €0.2m | €0.2m | €0.9m | ▲ 378% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.4m | €0.3m | €1.2m | ▲ 286% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | ▼ 25.0% |
| Financial debts170/4 | €0.2m | €0.1m | €0.1m | ▼ 25.0% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €1.1m | ▲ 519% |
| Current portion of amounts payable after more than one year42 | €0.03m | €0.03m | €0.03m | = |
| Financial debts43 | €0.01m | €0.01m | €0.2m | ▲ 12× |
| Credit institutions430/8 | €0.01m | €0.01m | €0.2m | ▲ 12× |
| Trade debts44 | €0.02m | €0.002m | €0.004m | ▲ 106% |
| Suppliers440/4 | €0.02m | €0.002m | €0.004m | ▲ 106% |
| Advances received on contracts in progress46 | - | - | €0.7m | - |
| Taxes, remuneration and social security45 | €0.02m | €0.008m | €0.1m | ▲ 19× |
| Taxes450/3 | €0.02m | €0.003m | €0.1m | ▲ 42× |
| Remuneration and social security454/9 | €0.002m | €0.004m | €0 | ▼ 100% |
| Other amounts payable47/48 | €0.2m | €0.1m | €0.1m | ▼ 7.8% |
| Accrued charges and deferred income492/3 | - | €0.003m | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,049 | €45,915 | €730,151 | ▲ 16× |
| + Depreciation and write-downs630 | €24,187 | €24,607 | €25,132 | ▲ 2.1% |
| Operating cash flow (approximation) | €51,236 | €70,523 | €755,283 | ▲ 971% |
| Investment in fixed assets (approximation) | - | -€9,457 | -€785,987 | ▼ 8,211% |
| Change in cash | - | €4,859 | €127,661 | ▲ 26× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as DEWEER has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of DEWEER itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for DEWEER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.