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DEWOCON

Active
Private limited companyfounded 20206 yrs activePosthoornstraat 53B, 9870 Zulte, BelgiumKBO/BCE: BE 0751.999.131
Summary

The computed 12-month bankruptcy probability of DEWOCON is 2.4% (moderate). The 2024 annual accounts show equity of €59,009 and a net result of €61,090. Equity is growing by ~72.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 36380 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+31
Solvency54▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.83 in 2023; short-term debt: 48.4% and cash: 9.8% of total assets), but 70.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
29.3%
Return on assets
30.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
16 d early
2023
30 d late
2022
26 d early
2021
19 d early
2020
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DEWOCON was incorporated on 12 August 2020 as a Private limited company.1 Total assets rose from EUR 109,552 in 2020 to EUR 201,510 in 2024 and headcount from 0.3 full-time equivalents in 2020 to 0.8 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020, 2023 and 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€59,009▲ 111%
2023 · €27,919
Total assets
€201,510▼ 8.7%
2023 · €220,615
Net result
€61,090▲ 24,121%
2023 · €252
Working capital
€88,132▼ 1.1%
2023 · €89,079
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€9,888-€8,136▼ 17.7%€21,506▲ 164%€358▼ 98.3%€73,259▲ 20,356%
Net result€9,038within the sector's middle half-€6,279within the sector's middle half▼ 30.5%€15,350within the sector's middle half▲ 144%€252below the sector's middle half▼ 98.4%€61,090above the sector's middle half▲ 24,121%
Equity€6,038below the sector's middle half-€12,317below the sector's middle half▲ 104%€27,667within the sector's middle half▲ 125%€27,919within the sector's middle half▲ 0.9%€59,009within the sector's middle half▲ 111%
Total assets€109,552within the sector's middle half-€228,950within the sector's middle half▲ 109%€264,623within the sector's middle half▲ 15.6%€220,615within the sector's middle half▼ 16.6%€201,510within the sector's middle half▼ 8.7%
Debt€103,514-€216,633▲ 109%€236,956▲ 9.4%€192,696▼ 18.7%€142,501▼ 26.0%
Working capital€1,746--€6,338-€2,352▲ 62.9%€89,079€88,132▼ 1.1%
Solvency5.5%below the sector's middle half-5.4%below the sector's middle half▼ 0.1pp10.5%below the sector's middle half▲ 5.1pp12.7%below the sector's middle half▲ 2.2pp29.3%within the sector's middle half▲ 16.6pp
Staff (FTE)0.3below the sector's middle half-0.3=1▲ 233%0.8▼ 20.0%
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2020: €9,888€9,888Net result 2020: €9,038€9,038Operating result 2021: €8,136€8,136Net result 2021: €6,279€6,279Operating result 2022: €21,506€21,506Net result 2022: €15,350€15,350Operating result 2023: €358€358Net result 2023: €252€252Operating result 2024: €73,259€73,259Net result 2024: €61,090€61,09020202021202220232024€0€20,000€40,000€60,000€80,000Operating result 2022: €21,506€21,500Net result 2022: €15,350€15,300Operating result 2023: €358€358Net result 2023: €252€252Operating result 2024: €73,259€73,300Net result 2024: €61,090€61,100202220232024
The operating result recovers in 2024; 2024 is 20,356% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201,510
Fixed assets €15,877 ▼ 33.4%
Current assets €185,633 ▼ 5.7%
Equity and liabilities €201,510
Equity €59,009 ▲ 111%
Debt €142,501 ▼ 26.0%
Debt's share of the balance-sheet total falls from 87.3% to 70.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€81,221▲
2023 · €12,974
Cash flow
€69,053▲
2023 · €12,869
Current ratio
1.90▲
2023 · 1.83
Quick ratio
1.70▲
2023 · 1.50
Debt to equity
2.41▼
2023 · 6.90
ROE
103.5%▲
2023 · 0.9%
ROA
30.3%▲
2023 · 0.1%
Interest coverage
194.87▲
2023 · 32.22
Debt ≤ 1 year
€97,501▼
2023 · €107,696
Debt > 1 year
€45,000▼
2023 · €85,000
Income taxes
€11,762▲
2023 · €83
Staff costs
€49,375▲
2023 · €32,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet Code20232024
Assets
Total assets20/58€220,615€201,510▼
Fixed assets21/28€23,840€15,877▼
Intangible fixed assets21€1,061€461▼
Tangible fixed assets22/27€14,430€7,067▼
Plant, machinery and equipment23€6,436€4,159▼
Furniture and vehicles24€7,994€2,909▼
Financial fixed assets28€8,349€8,349=
Current assets29/58€196,775€185,633▼
Stocks and contracts in progress3€35,000€20,000▼
Stocks30/36€35,000€20,000▼
Amounts receivable within one year40/41€133,041€140,219▲
Trade receivables40€112,631€122,758▲
Other amounts receivable41€20,410€17,461▼
Cash at bank and in hand54/58€22,715€19,826▼
Deferred charges and accrued income490/1€6,020€5,588▼
Equity and liabilities
Total equity and liabilities10/49€220,615€201,510▼
Equity10/15€27,919€59,009▲
Contributions10/11€2,000€2,000=
Reserves13€25,000€57,000▲
Distributable reserves133€25,000€57,000▲
Profit (loss) carried forward14€919€9▼
Amounts payable17/49€192,696€142,501▼
Amounts payable after more than one year17€85,000€45,000▼
Financial debts170/4€85,000€45,000▼
Amounts payable within one year42/48€107,696€97,501▼
Current portion of amounts payable after more than one year42€5,087-
Trade debts44€102,526€55,656▼
Suppliers440/4€102,526€55,656▼
Taxes, remuneration and social security45€83€11,845▲
Taxes450/3€83€11,845▲
Other amounts payable47/48-€30,000
Income statement Code20232024
Remuneration, social security and pensions62€32,380€49,375▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,616€7,963▼
Other operating charges640/8€920€1,790▲
Gross operating margin9900€46,274€132,387▲
Operating profit (loss)9901€358€73,259▲
Financial income75/76B€380€10▼
Recurring financial income75€380€10▼
Financial charges65/66B€403€417▲
Recurring financial charges65€403€417▲
Profit (loss) for the period before taxes9903€335€72,852▲
Income taxes67/77€83€11,762▲
Profit (loss) for the period9904€252€61,090▲
Profit (loss) for the period to be appropriated9905€252€61,090▲
Appropriation of the result
Profit (loss) to be appropriated9906€919€62,009▲
Profit (loss) brought forward from the previous period14P€667€919▲
Transfer to equity691/2-€32,000
To other reserves6921-€32,000
Profit to be distributed694/7-€30,000
Directors or managers695-€30,000

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€14,313€46,525€32,380€49,375▲ 52.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,518€8,244€10,316€12,616€7,963▼ 36.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€23,179---
Other operating charges640/8-€734€859€920€1,790▲ 94.5%
Gross operating margin9900€21,558€31,427€102,385€46,274€132,387▲ 186%
Operating profit (loss)9901€9,888€8,136€21,506€358€73,259▲ 20,356%
Financial income75/76B-€18€1€380€10▼ 97.3%
Recurring financial income75-€18€1€380€10▼ 97.3%
Financial charges65/66B-€688€1,309€403€417▲ 3.5%
Recurring financial charges65€28€688€1,309€403€417▲ 3.5%
Profit (loss) for the period before taxes9903€9,859€7,466€20,198€335€72,852▲ 21,642%
Income taxes67/77€822€1,186€4,848€83€11,762▲ 14,095%
Profit (loss) for the period9904€9,038€6,279€15,350€252€61,090▲ 24,121%
Profit (loss) for the period to be appropriated9905€9,038€6,279€15,350€252€61,090▲ 24,121%
Line20202021202220232024Change
Assets
Total assets20/58€109,552€228,950€264,623€220,615€201,510▼ 8.7%
Formation expenses20€1,408-----
Fixed assets21/28€17,592€30,296€36,456€23,840€15,877▼ 33.4%
Intangible fixed assets21€2,861€2,261€1,661€1,061€461▼ 56.6%
Tangible fixed assets22/27€14,731€19,686€26,446€14,430€7,067▼ 51.0%
Plant, machinery and equipment23-€7,227€8,714€6,436€4,159▼ 35.4%
Furniture and vehicles24-€12,459€17,732€7,994€2,909▼ 63.6%
Financial fixed assets28-€8,349€8,349€8,349€8,349=
Current assets29/58€90,552€198,654€228,167€196,775€185,633▼ 5.7%
Stocks and contracts in progress3-€30,000€20,000€35,000€20,000▼ 42.9%
Stocks30/36-€30,000€20,000€35,000€20,000▼ 42.9%
Amounts receivable within one year40/41€77,836€95,338€136,669€133,041€140,219▲ 5.4%
Trade receivables40-€85,283€121,424€112,631€122,758▲ 9.0%
Other amounts receivable41-€10,055€15,245€20,410€17,461▼ 14.4%
Cash at bank and in hand54/58€12,716€69,999€64,653€22,715€19,826▼ 12.7%
Deferred charges and accrued income490/1-€3,318€6,845€6,020€5,588▼ 7.2%
Equity and liabilities
Total equity and liabilities10/49€109,552€228,950€264,623€220,615€201,510▼ 8.7%
Equity10/15€6,038€12,317€27,667€27,919€59,009▲ 111%
Contributions10/11-€2,000€2,000€2,000€2,000=
Reserves13€4,000€10,000€25,000€25,000€57,000▲ 128%
Distributable reserves133-€10,000€25,000€25,000€57,000▲ 128%
Profit (loss) carried forward14€38€317€667€919€9▼ 99.0%
Amounts payable17/49€103,514€216,633€236,956€192,696€142,501▼ 26.0%
Amounts payable after more than one year17€14,708€9,987€5,087€85,000€45,000▼ 47.1%
Financial debts170/4-€9,987€5,087€85,000€45,000▼ 47.1%
Amounts payable within one year42/48€88,806€204,992€230,519€107,696€97,501▼ 9.5%
Current portion of amounts payable after more than one year42-€4,721€4,900€5,087--
Trade debts44€18,436€142,037€132,841€102,526€55,656▼ 45.7%
Suppliers440/4-€142,037€132,841€102,526€55,656▼ 45.7%
Taxes, remuneration and social security45-€3,693€7,778€83€11,845▲ 14,195%
Taxes450/3-€3,693€6,034€83€11,845▲ 14,195%
Remuneration and social security454/9--€1,744---
Other amounts payable47/48-€54,541€85,000-€30,000-
Accrued charges and deferred income492/3-€1,654€1,350---
Line20202021202220232024Change
Profit (loss) for the period9904€9,038€6,279€15,350€252€61,090▲ 24,121%
+ Depreciation and write-downs630€1,518€8,244€10,316€12,616€7,963▼ 36.9%
Operating cash flow (approximation)€10,556€14,523€25,665€12,869€69,053▲ 437%
Investment in fixed assets (approximation)--€20,948-€16,475€0€0-
Change in cash-€57,283-€5,346-€41,938-€2,888▲ 93.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2020net €61,090 ▲24,121%
Operating result €73,259, net result €61,090, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet €252 ▼98.4%
Net result drops to €252, the lowest in the series; recovery starts the following year.
05-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2.1 ha
Building footprint
4,106 m²
Volume, LiDAR
31,306 m³
Parcel 44037B0079/00H002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Posthoornstraat 53B, 9870 Zulte
Manufacture of other builders' carpentry and joinery
since 20202.305.736.223
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44037B0079/00H002 Flanders 2.1 ha 1 · 4,106 m² 10.4 m · 3 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 1,384 EUR awarded · 1,384 EUR paid
Year Entries awardedpaid
2025 1 105 EUR105 EUR
2023 1 1,279 EUR1,279 EUR
Schemes
2 entries · 1,384 EUR · 1,384 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 8,576 companies in sector 43410 we hold annual accounts for 4,367. 3,740 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
Founded12-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0751999131
Also 9925:BE0751999131
Registered 16-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.