DEWILDE
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 25-10-2026 at the NBB all 26 filings
Turnover
≈ €180,000
Estimated: probably between €82,000 and €430,000
Total assets
€218,258▼ 16.4%
2025 · €261,054
Net result
€3,708
2025 · -€16,374
Working capital
€179,015▲ 4.3%
2025 · €171,599
In the rankings
#3 oldest company in Heuvelland, Manufacturing sector
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€4,998
2026
20192026
Net result
€3,708
2026
20192026
Equity
€181,051
▲ 2.1%
2026
20192026
Total assets
€218,258
▼ 16.4%
2026
20192026
Debt
€37,207
▼ 55.6%
2026
20192026
Working capital
€179,015
▲ 4.3%
2026
20192026
Solvency
83.0%
▲ 15.0pp
2026
20192026
Current ratio
5.81
▲ 2.76
2026
20192026
Return on assets (ROA)
1.7%
▲ 8.0pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€6,830-€1,250▼ 81.7%€4,613▲ 269%€4,529▼ 1.8%-€993-€21,777▼ 2,093%-€17,390▲ 20.1%€4,998
Net result€7,307-€396▼ 94.6%€3,873within the sector's middle half▲ 877%€3,616within the sector's middle half▼ 6.6%€631within the sector's middle half▼ 82.5%-€20,276below the sector's middle half-€16,374below the sector's middle half▲ 19.2%€3,708
Equity€205,476-€205,872▲ 0.2%€209,745above the sector's middle half▲ 1.9%€213,361above the sector's middle half▲ 1.7%€213,993above the sector's middle half▲ 0.3%€193,717within the sector's middle half▼ 9.5%€177,343within the sector's middle half▼ 8.5%€181,051▲ 2.1%
Total assets€352,838-€365,557▲ 3.6%€365,651within the sector's middle half=€384,509within the sector's middle half▲ 5.2%€353,697within the sector's middle half▼ 8.0%€327,588within the sector's middle half▼ 7.4%€261,054within the sector's middle half▼ 20.3%€218,258▼ 16.4%
Debt€147,362-€159,684▲ 8.4%€155,906▼ 2.4%€171,147▲ 9.8%€139,704▼ 18.4%€133,871▼ 4.2%€83,711▼ 37.5%€37,207▼ 55.6%
Working capital€152,865-€180,847▲ 18.3%€188,251above the sector's middle half▲ 4.1%€198,357above the sector's middle half▲ 5.4%€196,086above the sector's middle half▼ 1.1%€183,540above the sector's middle half▼ 6.4%€171,599above the sector's middle half▼ 6.5%€179,015▲ 4.3%
Solvency58.2%-56.3%▼ 1.9pp57.4%within the sector's middle half▲ 1.0pp55.5%within the sector's middle half▼ 1.9pp60.5%within the sector's middle half▲ 5.0pp59.1%within the sector's middle half▼ 1.4pp67.9%within the sector's middle half▲ 8.8pp83.0%▲ 15.0pp
Current ratio2.04-2.38▲ 0.342.39within the sector's middle half▲ 0.012.25within the sector's middle half▼ 0.142.45within the sector's middle half▲ 0.202.37within the sector's middle half▼ 0.083.05within the sector's middle half▲ 0.685.81▲ 2.76
Return on assets (ROA)2.1%-0.1%▼ 2.0pp1.1%within the sector's middle half▲ 1.0pp0.9%within the sector's middle half▼ 0.1pp0.2%within the sector's middle half▼ 0.8pp-6.2%below the sector's middle half▼ 6.4pp-6.3%below the sector's middle half▼ 0.1pp1.7%▲ 8.0pp
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a profit of €4,998, after a loss of €17,390 in 2025. It is the highest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €218,258
Fixed assets
€2,035 ▼ 64.6%
Current assets
€216,223 ▼ 15.3%
Equity and liabilities €218,258
Equity
€181,051 ▲ 2.1%
Debt
€37,207 ▼ 55.6%
Debt's share of the balance-sheet total falls from 32.1% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,706▲
2025 · -€12,957
Cash flow
€7,416▲
2025 · -€11,941
Quick ratio
5.44▲
2025 · 2.74
Debt to equity
0.21▼
2025 · 0.47
ROE
2.0%▲
2025 · -9.2%
Interest coverage
6.46▲
2025 · -11.12
Debt ≤ 1 year
€37,207▼
2025 · €83,711
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,863 | - | - | - |
| Depreciation and write-downs of the year | €14,535 | €14,099 | €11,836 | €4,433 | €3,709 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,383 | €16,148 | €15,587 | €14,535 | €14,099 | €11,836 | €4,433 | €3,709 | ▼ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €24,420 | €12,210 | €0 | €12,210 | €12,210 | = |
| Other operating charges640/8 | - | - | - | €1,196 | €2,162 | €1,971 | €2,017 | €2,520 | ▲ 24.9% |
| Gross operating margin9900 | €22,282 | €30,766 | €33,595 | €44,680 | €27,478 | -€7,970 | €1,270 | €23,437 | ▲ 18× |
| Operating profit (loss)9901 | €6,830 | €1,250 | €4,613 | €4,529 | -€993 | -€21,777 | -€17,390 | €4,998 | - |
| Financial income75/76B | - | - | - | €7,376 | €4,729 | €3,986 | €2,181 | €57 | ▼ 97.4% |
| Recurring financial income75 | €1,118 | €931 | €5,233 | €7,376 | €4,729 | €3,986 | €2,181 | €57 | ▼ 97.4% |
| Financial charges65/66B | - | - | - | €4,531 | €3,105 | €2,485 | €1,165 | €1,347 | ▲ 15.6% |
| Recurring financial charges65 | €636 | €1,784 | €5,973 | €4,531 | €3,105 | €2,485 | €1,165 | €1,347 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €7,312 | €396 | €3,873 | €7,374 | €631 | -€20,276 | -€16,374 | €3,708 | - |
| Income taxes67/77 | €5 | - | - | €3,757 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €7,307 | €396 | €3,873 | €3,616 | €631 | -€20,276 | -€16,374 | €3,708 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €22,316 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,307 | €396 | €3,873 | €25,932 | €631 | -€20,276 | -€16,374 | €3,708 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €352,838 | €365,557 | €365,651 | €384,509 | €353,697 | €327,588 | €261,054 | €218,258 | ▼ 16.4% |
| Fixed assets21/28 | €52,611 | €53,269 | €41,785 | €27,250 | €22,013 | €10,177 | €5,744 | €2,035 | ▼ 64.6% |
| Tangible fixed assets22/27 | €52,346 | €53,004 | €41,520 | €26,985 | €21,748 | €9,912 | €5,479 | €1,770 | ▼ 67.7% |
| Land and buildings22 | - | - | - | €10,848 | €12,437 | €6,142 | €3,890 | €1,675 | ▼ 56.9% |
| Plant, machinery and equipment23 | - | - | - | €9,528 | €6,240 | €1,690 | €502 | - | - |
| Furniture and vehicles24 | - | - | - | €2,545 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €4,063 | €3,071 | €2,079 | €1,087 | €95 | ▼ 91.2% |
| Financial fixed assets28 | €265 | €265 | €265 | €265 | €265 | €265 | €265 | €265 | = |
| Current assets29/58 | €300,227 | €312,288 | €323,866 | €357,259 | €331,684 | €317,411 | €255,310 | €216,223 | ▼ 15.3% |
| Stocks and contracts in progress3 | €58,283 | €90,290 | €42,825 | €22,538 | €8,375 | €22,875 | €25,615 | €13,678 | ▼ 46.6% |
| Stocks30/36 | - | - | - | €22,538 | €8,375 | €22,875 | €25,615 | €13,678 | ▼ 46.6% |
| Amounts receivable within one year40/41 | €209,013 | €210,181 | €187,750 | €184,490 | €154,195 | €151,302 | €156,351 | €154,291 | ▼ 1.3% |
| Trade receivables40 | - | - | - | €182,085 | €151,555 | €150,927 | €156,310 | €153,858 | ▼ 1.6% |
| Other amounts receivable41 | - | - | - | €2,405 | €2,639 | €375 | €41 | €432 | ▲ 958% |
| Current investments50/53 | - | - | - | - | - | €100,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €32,931 | €7,817 | €93,291 | €150,231 | €169,115 | €43,234 | €73,344 | €48,254 | ▼ 34.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €352,838 | €365,557 | €365,651 | €384,509 | €353,697 | €327,588 | €261,054 | €218,258 | ▼ 16.4% |
| Equity10/15 | €205,476 | €205,872 | €209,745 | €213,361 | €213,993 | €193,717 | €177,343 | €181,051 | ▲ 2.1% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €186,884 | €187,280 | €191,153 | €194,769 | €195,401 | €175,125 | €158,751 | €181,000 | ▲ 14.0% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €192,910 | €193,541 | €173,266 | €156,892 | €181,000 | ▲ 15.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €51 | - |
| Amounts payable17/49 | €147,362 | €159,684 | €155,906 | €171,147 | €139,704 | €133,871 | €83,711 | €37,207 | ▼ 55.6% |
| Amounts payable after more than one year17 | - | €28,243 | €20,291 | €12,245 | €4,106 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €12,245 | €4,106 | €0 | - | - | - |
| Amounts payable within one year42/48 | €147,362 | €131,441 | €135,615 | €158,902 | €135,599 | €133,871 | €83,711 | €37,207 | ▼ 55.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,046 | €8,140 | €4,106 | €0 | - | - |
| Trade debts44 | €24,853 | €5,046 | €941 | €14,800 | €1,196 | €627 | €578 | €374 | ▼ 35.3% |
| Suppliers440/4 | - | - | - | €14,800 | €1,196 | €627 | €578 | €374 | ▼ 35.3% |
| Taxes, remuneration and social security45 | - | - | - | €4,850 | €1,107 | €1,122 | €1,015 | €15 | ▼ 98.6% |
| Taxes450/3 | - | - | - | €4,850 | €1,107 | €1,122 | €1,015 | €15 | ▼ 98.6% |
| Other amounts payable47/48 | - | - | - | €131,206 | €125,155 | €128,016 | €82,118 | €36,819 | ▼ 55.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,307 | €396 | €3,873 | €3,616 | €631 | -€20,276 | -€16,374 | €3,708 | - |
| + Depreciation and write-downs630 | €13,383 | €16,148 | €15,587 | €14,535 | €14,099 | €11,836 | €4,433 | €3,709 | ▼ 16.3% |
| Operating cash flow (approximation) | €20,690 | €16,544 | €19,460 | €18,152 | €14,731 | -€8,440 | -€11,941 | €7,416 | - |
| Investment in fixed assets (approximation) | - | -€16,806 | -€4,103 | €0 | -€8,863 | €0 | €0 | €0 | - |
| Change in cash | - | -€25,114 | €85,474 | €56,940 | €18,883 | -€125,881 | €30,110 | -€25,090 | - |
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, 17,041 companies had the same profile as DEWILDE has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEWILDE 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 17,041 companies, not a prediction for DEWILDE. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 25-10-2026 | 2026-00569173 | |
| 31-03-2025 | micro format | 06-10-2025 | 2025-00531075 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00516707 | |
| 31-03-2023 | micro format | 20-10-2023 | 2023-00491110 | |
| 31-03-2022 | micro format | 24-10-2022 | 2022-20472375 | |
| 31-03-2021 | micro format | 01-10-2021 | 2021-70300053 | |
| 31-03-2020 | micro format | 22-10-2020 | 2020-62700035 | |
| 31-03-2019 | micro format | 16-09-2019 | 2019-64800012 | |
| 31-03-2018 | micro format | 11-09-2018 | 2018-62500514 | |
| 31-03-2017 | micro format | 27-10-2017 | 2017-68000547 |