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Generated 23-07-2026
Active BE 0724.556.247Private limited company

DEWITTE-MG PROJECTS

Weidestraat 120 ·8310 Brugge, Belgium· 7 yrs active
Sector: NACE 25120 (25120)
Conclusion Checked

The computed 12-month bankruptcy probability of DEWITTE-MG PROJECTS is 1.5% (moderate). The 2024 annual accounts show equity of €370k and a net result of €67k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 95% of 136 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €370k
Net result €67k
Staff (FTE) 3
Better than sector 95%
Snowflake analysis 5 axes · computed by Checked
Health90Profitability90Solvency100Growth52Stability100
86 / 100

Exceptional profile, strong across almost every axis.

Health 90
Profitability 90
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.5% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
90 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 12-02-2026 with the NBB · fiscal year 2024 · verkort
€0€100k€200kOperating result 2020: €224k€224kNet result 2020: €149k€149kOperating result 2021: €77k€77kNet result 2021: €55k€55kOperating result 2022: €112k€112kNet result 2022: €80k€80kOperating result 2023: €110k€110kNet result 2023: €82k€82kOperating result 2024: €85k€85kNet result 2024: €67k€67k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~21%/year over 5 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2025: €461k (€431k - €491k)2026: €522k (€485k - €559k)2027: €583k (€532k - €634k)2020: €155k2021: €210k2022: €291k2023: €373k2024: €370k20202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 25 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 90.6% 35.2%
better than 95% of 136 sector peers
Net result €67k €44k
better than 59% of 136 sector peers
Equity €370k €267k
better than 58% of 136 sector peers
Gross operating margin €301k €327k
better than 47% of 136 sector peers
Staff costs €173k €303k
higher than 35% of 99 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€120k
-20.4% far above sector median
Net profit
€67k
-19.1% far above sector median
Cash flow
€101k
-17.3% far above sector median
Total assets
€408k
-13.9% +66% vs sector
Equity
€370k
-0.8% far above sector median
Working capital
€299k
+10.5% far above sector median
Employees (FTE)
3
-9.1% +140% vs sector
Staff costs
€173k
-8.1% +37% vs sector
Income taxes
€19k
-25.2% far above sector median
Dividends
€70k
- 20-24
Debt
€39k
-62.1% -84% vs sector
Debt ≤ 1y
€39k
-62.1% -78% vs sector
Debt > 1y
€32k
- -71% vs sector
Current ratio
8.77
+139.3% far above sector median
Quick ratio
8.31
+138.8% far above sector median
Solvency
90.6%
+15.3% far above sector median
Debt / equity
0.10
-61.8% -100% vs sector
ROE
18.0%
-18.4% far above sector median
ROA
16.3%
-6.0% far above sector median
Interest coverage
145.18
+240.3% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€120k
Net profit€67k
Cash flow€101k
Staff costs€173k
Income taxes€19k
Dividends€70k
Total assets€408k
Equity€370k
Debt€39k
of which ≤ 1y€39k
of which > 1y-
Working capital€299k
Employees (FTE)3.0
Ratios (computed)
2024
Current ratio8.77
Quick ratio8.31
Working capital ratio73.3%
Solvency90.6%
Debt / equity0.10
Long-term debt ratio-
Interest coverage145.18
Gross margin-
Net margin-
ROA16.3%
ROE18.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€408k
Fixed assets 21/28€71k
Intangible fixed assets 21€53k
Tangible fixed assets 22/27€17k
Current assets 29/58€338k
Stocks & contracts in progress 3€17k
Amounts receivable within one year 40/41€62k
Cash & bank 54/58€259k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€408k
Equity 10/15€370k
Contributions / capital 10/11€6k
Reserves 13€284k
Accumulated profits (losses) 14€80k
Amounts payable 17/49€39k
Amounts payable within one year 42/48€39k
Trade debts payable within one year 44€29k
Income statement
Gross operating margin 9900€301k
Operating result 9901€85k
Financial income 75€2k
Financial charges 65€824
Result before taxes 9903€86k
Income taxes 67/77€19k
Net result for the period 9904€67k
Result to be appropriated 9905€67k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 25120
Legal form Private limited company(610)
Incorporation04-04-2019
StatusActive
Postal code8310
Establishment units 1 location
DEWITTE-MG PROJECTS
Weidestraat 120, 8310 BruggeVervaardiging van fineer en van panelen op basis van hout
since 20192.288.517.535
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31434C0017/00A007 Flanders 478 m² 1 · 113 m² 10.6 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
12-02-2026
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
04-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
28-12-2023
State Gazette act Director changes
Gert DE KESEL
16-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
15-11-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
07-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
28-12-2023 Discharge granted to the board Director changes·Gert DE KESEL
Notary: Gert DE KESEL · Brugge
Technical details 
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        "name": "DALLE Hilde",
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-28",
    "filing_date": "2023-12-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-13",
      "unanimous": true
    },
    {
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      "date": "2023-12-13",
      "unanimous": true
    },
    {
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      "date": "2023-12-13",
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    {
      "body": "algemene_vergadering",
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      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-13",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-13",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-13",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0724.556.247",
    "name_full": "DEWITTE-MG PROJECTS",
    "legal_form": "BV"
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  "publication_proxy": {
    "kind": "person",
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    "person_name": "Gert De Kesel",
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    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "Expeditie van de buitengewone algemene vergadering",
    "Geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van metalen deuren en vensters25120Vervaardiging van metalen deuren en vensters25120Schrijnwerk43320Schrijnwerk43320Interieurarchitecten71112Activiteiten van interieurarchitecten71112Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen74101Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen74111
Primary activity highlighted.
Names & trade names
Legal nameNL DEWITTE-MG PROJECTS
Registered office
Weidestraat 120
8310 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative