DEWITTE TRAPPEN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DEWITTE TRAPPEN is 1.1% (low). The 2024 annual accounts show equity of €74k and a net result of €-4k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 11120 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 11120 peers (2024). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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.

How we compute the deadline

The year end is derived from 8 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	07-08-2025	7 d late	2025-00364075
31-12-2023	31-07-2024	09-08-2024	9 d late	2024-00338738
31-12-2022	31-07-2023	04-08-2023	4 d late	2023-00312983
31-12-2021	31-07-2022	30-07-2022	1 d early	2022-20251548
31-12-2020	31-07-2021	17-08-2021	17 d late	2021-49700055
31-12-2019	31-07-2020	26-10-2020	87 d late	2020-63400320
31-12-2018	31-07-2019	26-08-2019	26 d late	2019-52200523
31-12-2017	31-07-2018	27-08-2018	27 d late	2018-57900178

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2009, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.1% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Long track record −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-4k

Working capital€54k+2.7%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 07-08-2025 with the NBB · fiscal year 2024 · micro

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 ~5.3%/year over 7 fiscal years, indicative, assuming unchanged policy.

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 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	95.6%	40.9%	better than 95% of 11120 sector peers
Net result	€-4k	€11k	better than 14% of 11103 sector peers
Equity	€74k	€34k	better than 75% of 11124 sector peers
Gross operating margin	€10k	€35k	better than 21% of 11092 sector peers
Total assets	€78k	€94k	better than 43% of 11120 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2024 · n=1740-11120

Net result P14

Weakening position over 2020-2024 · n=1734-11103

Equity P75

Stable position over 2020-2024 · n=1743-11124

Gross operating margin P21

Stable position over 2020-2024 · n=1732-11092

Describes the position versus peers, not a forecast.

EBITDA

€6k

-63.6% 18-24

Net profit

€-4k

- 18-24

Cash flow

€6k

-63.3% 18-24

Total assets

€78k

-14.9% 18-24

Equity

€74k

-6.1% 18-24

Working capital

€54k

+2.7% 18-24

Dividends

€1k

-40.0% 18-24

Debt

€3k

-72.0% 18-24

Show 9 other metrics

Debt ≤ 1y

€3k

-72.0% 18-24

Debt > 1y

€4k

-50.0% 18-24

Current ratio

16.74

+216.6% 18-24

Quick ratio

11.60

+153.8% 18-24

Solvency

95.6%

+10.4% 18-24

Debt / equity

0.05

-70.2% 18-24

ROE

-5.2%

- 18-24

ROA

-4.9%

- 18-24

Interest coverage

25.63

+9.8% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€6k
Net profit	€-4k
Cash flow	€6k
Staff costs	-
Income taxes	-
Dividends	€1k
Total assets	€78k
Equity	€74k
Debt	€3k
of which ≤ 1y	€3k
of which > 1y	-
Working capital	€54k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	16.74
Quick ratio	11.60
Working capital ratio	69.3%
Solvency	95.6%
Debt / equity	0.05
Long-term debt ratio	-
Interest coverage	25.63
Gross margin	-
Net margin	-
ROA	-4.9%
ROE	-5.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €20k · 26.3% Current assets €57k · 73.7%

Equity & liabilities

Equity €74k · 95.6% Debt €3k · 4.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€78k
Fixed assets	21/28	€20k
Intangible fixed assets	21	€2k
Tangible fixed assets	22/27	€19k
Current assets	29/58	€57k
Stocks & contracts in progress	3	€18k
Amounts receivable within one year	40/41	€21k
Cash & bank	54/58	€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€78k
Equity	10/15	€74k
Contributions / capital	10/11	€20k
Reserves	13	€54k
Amounts payable	17/49	€3k
Amounts payable within one year	42/48	€3k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€10k
Operating result	9901	€-4k
Financial income	75	€35
Financial charges	65	€239
Result before taxes	9903	€-4k
Net result for the period	9904	€-4k
Result to be appropriated	9905	€-4k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

70 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

DEWITTE DESIGN STEEL PROJECTS

Dreve(Den) 66A, 8720 DentergemVervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20092.179.039.969

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,540 m²

Buildings2

Building footprint379 m²

Volume (LiDAR)967 m³

Tallest building10.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37002B0239/00K000	Flanders	1,403 m²	1 · 168 m²	10.7 m · 2 fl.
37002C0336/00C002	Flanders	1,137 m²	1 · 211 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.