Dewitte Cedric
ActiveSummary
The computed 12-month bankruptcy probability of Dewitte Cedric is 1.6% (moderate). The 2025 annual accounts show equity of €164k and a net result of €259k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency49▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.71 in 2024; short-term debt: 66% and cash: 88% of total assets), and 75.9% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
24.1%
Return on assets
38%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
35 d early
2024
5 d early
2023
90 d early
2022
30 d early
2021
64 d early
2020
91 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 0.2%
2024 · €164k
Total assets
€682k▲ 29.0%
2024 · €529k
Net result
€259k▲ 38.2%
2024 · €188k
Working capital
€223k▲ 5.6%
2024 · €211k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€141k▲ 539%€138k▼ 2.5%€193k▲ 39.9%€196k▲ 1.8%€269k▲ 37.3%
Net result€118k▲ 468%€113k▼ 3.9%€189k▲ 67.1%€188k▼ 0.8%€259k▲ 38.2%
Equity€98k▲ 795%€173k▲ 76.5%€164k▼ 5.3%€164k▲ 0.2%€164k▲ 0.2%
Total assets€210k▲ 367%€310k▲ 47.2%€334k▲ 7.7%€529k▲ 58.5%€682k▲ 29.0%
Debt€112k▲ 229%€137k▲ 21.8%€170k▲ 24.1%€365k▲ 115%€518k▲ 42.0%
Working capital€52k▲ 396%€189k▲ 261%€198k▲ 5.0%€211k▲ 6.6%€223k▲ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €682k
Fixed assets
€9k ▼ 56.6%
Current assets
€673k ▲ 32.4%
Equity and liabilities €682k
Equity
€164k ▲ 0.2%
Debt
€518k ▲ 42.0%
Debt's share of the balance-sheet total rises from 69.0% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€282k▲
2024 · €209k
Cash flow
€272k▲
2024 · €201k
Current ratio
1.50▼
2024 · 1.71
Debt to equity
3.15▲
2024 · 2.22
ROE
157.8%▲
2024 · 114.4%
ROA
38.0%▲
2024 · 35.5%
Interest coverage
52.79▲
2024 · 40.65
Debt ≤ 1 year
€450k▲
2024 · €297k
Debt > 1 year
€68k=
2024 · €68k
Income taxes
€4k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €13k | €13k | €13k | ▲ 1.3% |
| Other operating charges640/8 | - | €4k | €2k | €6k | €2k | ▼ 75.8% |
| Gross operating margin9900 | €148k | €154k | €207k | €215k | €284k | ▲ 31.8% |
| Operating profit (loss)9901 | €141k | €138k | €193k | €196k | €269k | ▲ 37.3% |
| Financial income75/76B | - | €91 | €684 | €244 | €7 | ▼ 97.3% |
| Recurring financial income75 | €697 | €91 | €684 | €244 | €7 | ▼ 97.3% |
| Financial charges65/66B | - | €3k | €4k | €5k | €5k | ▲ 4.0% |
| Recurring financial charges65 | €477 | €3k | €4k | €5k | €5k | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €141k | €135k | €190k | €191k | €264k | ▲ 38.0% |
| Income taxes67/77 | €23k | €21k | €419 | €3k | €4k | ▲ 29.1% |
| Profit (loss) for the period9904 | €118k | €113k | €189k | €188k | €259k | ▲ 38.2% |
| Profit (loss) for the period to be appropriated9905 | €118k | €113k | €189k | €188k | €259k | ▲ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210k | €310k | €334k | €529k | €682k | ▲ 29.0% |
| Fixed assets21/28 | €57k | €44k | €33k | €20k | €9k | ▼ 56.6% |
| Intangible fixed assets21 | €292 | €192 | €92 | - | - | - |
| Tangible fixed assets22/27 | €56k | €44k | €33k | €20k | €9k | ▼ 56.6% |
| Plant, machinery and equipment23 | - | - | €1k | €990 | €2k | ▲ 96.9% |
| Furniture and vehicles24 | - | €44k | €32k | €19k | €7k | ▼ 64.5% |
| Current assets29/58 | €154k | €266k | €301k | €509k | €673k | ▲ 32.4% |
| Amounts receivable within one year40/41 | €20k | €77k | €119k | €81k | €70k | ▼ 13.1% |
| Trade receivables40 | - | €9k | €56k | €39k | €43k | ▲ 9.5% |
| Other amounts receivable41 | - | €68k | €63k | €42k | €27k | ▼ 34.4% |
| Cash at bank and in hand54/58 | €132k | €186k | €180k | €426k | €601k | ▲ 41.1% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €3k | ▲ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210k | €310k | €334k | €529k | €682k | ▲ 29.0% |
| Equity10/15 | €98k | €173k | €164k | €164k | €164k | ▲ 0.2% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €93k | €168k | €159k | €159k | €159k | ▲ 0.2% |
| Distributable reserves133 | - | €168k | €159k | €159k | €159k | ▲ 0.2% |
| Amounts payable17/49 | €112k | €137k | €170k | €365k | €518k | ▲ 42.0% |
| Amounts payable after more than one year17 | €11k | €60k | €68k | €68k | €68k | = |
| Financial debts170/4 | - | €60k | €68k | €68k | €68k | = |
| Amounts payable within one year42/48 | €101k | €77k | €102k | €297k | €450k | ▲ 51.5% |
| Trade debts44 | €3k | €13k | €19k | €20k | €8k | ▼ 57.8% |
| Suppliers440/4 | - | €13k | €19k | €20k | €8k | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | €30k | €20k | €11k | €8k | ▼ 31.2% |
| Taxes450/3 | - | €30k | €20k | €11k | €8k | ▼ 31.2% |
| Other amounts payable47/48 | - | €35k | €64k | €267k | €435k | ▲ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118k | €113k | €189k | €188k | €259k | ▲ 38.2% |
| + Depreciation and write-downs630 | €6k | €12k | €13k | €13k | €13k | ▲ 1.3% |
| Operating cash flow (approximation) | €123k | €126k | €202k | €201k | €272k | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €-2k | - |
| Change in cash | - | €54k | €-6k | €246k | €175k | ▼ 28.8% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
09-02
State Gazette act
RestructuringMerger · Accounting effect · Capital4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital4 facts ▸
- Merger
- Accounting effect, 30-09-2025
- Capital, €5.000
- Capital, €3.000
2025
30-09
Financial
Highest result since 2020net €259k ▲38.2%
Operating result €269k, net result €259k, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 3.45
Current ratio from 1.52 to 3.45; short-term debt falls from €101k to €77k.
30-09
Financial
Equity above €150kEq €173k ▲76.5%
3 profitable years in a row build equity to €173k.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diksmuide · 1 establishment unit since 2019
Ground area
765 m²
Building footprint
157 m²
Volume, LiDAR
890 m³
Parcel 32008B0565/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dewitte Cedric
since 20192.294.299.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32008B0565/00K000 | Flanders | 765 m² | 1 · 157 m² | 8.4 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.
Articles of association
Purpose
Verlenen van bouwkundige adviezen aan de bouwheer; Algemene bouw van residentiële gebouwen; ... [full object text as printed]
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:DEWITTE VASTGOED BV
Capital and shareholders
Capital over the years
- 09-02-2026 Capital stated in the act · 5,000 EUR · 100 shares
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,467 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
Founded06-09-2019
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.