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DEWULF

Active
Public limited companyfounded 198045 yrs activeMoorseelsesteenweg 20, 8800 Roeselare, BelgiumKBO/BCE: BE 0420.997.222
Summary

DEWULF has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20.6m and a net result of €3.7m. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability56▼-18
Solvency56▲+4
Growth82▲+1
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,200,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.67 in 2023; short-term debt: 51.6% and cash: 0.9% of total assets), but 69.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
30.6%
Return on assets
5.6%
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 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
42 d early
2023
33 d early
2022
46 d early
2021
13 d early
2020
33 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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

DEWULF was incorporated on 22 November 1980.1 In 2007 the capital was increased by EUR 2.6 million to EUR 3.2 million.2 The board currently has 5 members; SOLID has served longest, since 2012.3 Revenue grew from EUR 34 million in 2018 to EUR 91 million in 2024 and headcount from 115 to 167 full-time equivalents.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-12-2007
  3. 3Belgian State Gazette, 07-05-2019
  4. 4National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€90.5m▲ 23.8%
2023 · €73.1m
EBIT margin
5.7%▼ 4.2pp
2023 · 9.9%
Net result
€3.7m▼ 25.7%
2023 · €5.0m
Working capital
€19.1m▼ 6.0%
2023 · €20.3m
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
Line20202021202220232024
Turnover€54.6m▲ 22.6%€55.5m▲ 1.7%€57.1m▲ 2.8%€73.1m▲ 28.1%€90.5m▲ 23.8%
Operating result€4.7m▲ 302%€1.7m▼ 62.7%€2.4m▲ 36.7%€7.2m▲ 203%€5.1m▼ 28.9%
Net result€3.8m▲ 761%€1.0m▼ 72.5%€1.5m▲ 43.2%€5.0m▲ 240%€3.7m▼ 25.7%
EBIT margin8.6%▲ 6.0pp3.1%▼ 5.4pp4.2%▲ 1.0pp9.9%▲ 5.7pp5.7%▼ 4.2pp
Equity€10.6m▲ 42.5%€11.6m▲ 9.8%€12.8m▲ 10.2%€16.8m▲ 31.5%€20.6m▲ 22.2%
Total assets€41.9m▲ 4.7%€51.2m▲ 22.3%€57.1m▲ 11.5%€62.5m▲ 9.3%€67.2m▲ 7.6%
Debt€30.4m▼ 4.6%€38.4m▲ 26.3%€42.8m▲ 11.6%€43.5m▲ 1.6%€44.6m▲ 2.5%
Working capital€19.7m▲ 12.4%€16.7m▼ 15.1%€16.5m▼ 1.2%€20.3m▲ 22.9%€19.1m▼ 6.0%
Staff (FTE)126.1▲ 2.8%139.6▲ 10.7%160.7▲ 15.1%161.5▲ 0.5%166.5▲ 3.1%
Result per fiscal year
Operating resultNet result
€0€2.0m€4.0m€6.0m€8.0mOperating result 2020: €4.7m€4.7mNet result 2020: €3.8m€3.8mOperating result 2021: €1.7m€1.7mNet result 2021: €1.0m€1.0mOperating result 2022: €2.4m€2.4mNet result 2022: €1.5m€1.5mOperating result 2023: €7.2m€7.2mNet result 2023: €5.0m€5.0mOperating result 2024: €5.1m€5.1mNet result 2024: €3.7m€3.7m20202021202220232024€0€2m€4m€6m€8mOperating result 2022: €2.4m€2.4mNet result 2022: €1.5m€1.5mOperating result 2023: €7.2m€7.2mNet result 2023: €5.0m€5mOperating result 2024: €5.1m€5.1mNet result 2024: €3.7m€3.7m202220232024
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67.2m
Fixed assets €13.5m ▲ 14.1%
Current assets €53.8m ▲ 6.1%
Equity and liabilities €67.2m
Equity €20.6m ▲ 22.2%
Provisions €2.0m ▼ 4.2%
Debt €44.6m ▲ 2.5%
Debt's share of the balance-sheet total falls from 69.7% to 66.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6.6m▼
2023 · €8.5m
Cash flow
€5.3m▼
2023 · €6.4m
Current ratio
1.55▼
2023 · 1.67
Quick ratio
0.43▼
2023 · 0.53
Debt to equity
2.17▼
2023 · 2.58
ROE
18.2%▼
2023 · 29.9%
ROA
5.6%▼
2023 · 8.1%
Interest coverage
4.04▼
2023 · 5.86
Debt ≤ 1 year
€34.7m▲
2023 · €30.4m
Debt > 1 year
€9.8m▼
2023 · €12.9m
Income taxes
€231,682▼
2023 · €950,397
Staff costs
€13.4m▲
2023 · €12.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

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 1,552 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 · 95 lines
Balance sheet Code20232024
Assets
Total assets20/58€62.5m€67.2m▲
Fixed assets21/28€11.8m€13.5m▲
Intangible fixed assets21€1.4m€1.8m▲
Tangible fixed assets22/27€9.7m€11.0m▲
Land and buildings22€4.9m€5.6m▲
Plant, machinery and equipment23€123,774€173,671▲
Furniture and vehicles24€381,526€504,803▲
Leasing and similar rights25€4.2m€4.6m▲
Assets under construction and advance payments27€65,700€51,412▼
Financial fixed assets28€696,100€694,700▼
Affiliated companies280/1€650,000€650,000=
Participating interests280€650,000€650,000=
Other financial fixed assets284/8€46,100€44,700▼
Amounts receivable and cash guarantees285/8€46,100€44,700▼
Current assets29/58€50.7m€53.8m▲
Stocks and contracts in progress3€34.5m€38.9m▲
Stocks30/36€34.5m€38.9m▲
Raw materials and consumables30/31€18.2m€20.2m▲
Work in progress32€3.8m€4.3m▲
Finished goods33€12.4m€11.4m▼
Goods purchased for resale34€174,497€3.0m▲
Amounts receivable within one year40/41€14.2m€13.7m▼
Trade receivables40€8.9m€7.9m▼
Other amounts receivable41€5.3m€5.8m▲
Cash at bank and in hand54/58€1.4m€586,415▼
Deferred charges and accrued income490/1€530,044€592,271▲
Equity and liabilities
Total equity and liabilities10/49€62.5m€67.2m▲
Equity10/15€16.8m€20.6m▲
Contributions10/11€3.2m€3.2m=
Capital10€3.2m€3.2m=
Issued capital100€3.2m€3.2m=
Reserves13€13.7m€17.4m▲
Non-distributable reserves130/1€319,818€319,818=
Legal reserve130€319,818€319,818=
Tax-exempt reserves132€106,449€106,449=
Distributable reserves133€13.2m€17.0m▲
Provisions and deferred taxes16€2.1m€2.0m▼
Provisions for liabilities and charges160/5€2.1m€2.0m▼
Pensions and similar obligations160€23,170€18,115▼
Major repairs and maintenance162€347,961€180,847▼
Other liabilities and charges164/5€1.7m€1.8m▲
Amounts payable17/49€43.5m€44.6m▲
Amounts payable after more than one year17€12.9m€9.8m▼
Financial debts170/4€12.9m€9.8m▼
Subordinated loans170€4.0m€4.0m=
Leasing and similar obligations172€3.0m€3.2m▲
Credit institutions173€6.0m€2.6m▼
Amounts payable within one year42/48€30.4m€34.7m▲
Current portion of amounts payable after more than one year42€1.3m€3.9m▲
Financial debts43€13.1m€11.2m▼
Credit institutions430/8€13.1m€11.2m▼
Trade debts44€7.5m€11.8m▲
Suppliers440/4€7.5m€11.8m▲
Advances received on contracts in progress46€1.8m€3.6m▲
Taxes, remuneration and social security45€2.9m€2.6m▼
Taxes450/3€865,463€286,312▼
Remuneration and social security454/9€2.0m€2.3m▲
Other amounts payable47/48€3.8m€1.7m▼
Accrued charges and deferred income492/3€206,449€154,761▼
Income statement Code20232024
Operating income70/76A€75.8m€92.3m▲
Turnover70€73.1m€90.5m▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.3m€194,356▼
Other operating income74€1.4m€1.6m▲
Non-recurring operating income76A€2,506€2,479▼
Operating charges60/66A€68.6m€87.1m▲
Goods for resale, raw materials and consumables60€49.3m€60.8m▲
Purchases600/8€47.8m€67.0m▲
Change in stocks: decrease (increase)609€1.6m-€6.2m▼
Services and other goods61€6.7m€9.2m▲
Remuneration, social security and pensions62€12.0m€13.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.3m€1.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.5m€2.1m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€606,344-€89,534▼
Other operating charges640/8€194,693€186,956▼
Non-recurring operating charges66A€0€8,079▲
Operating profit (loss)9901€7.2m€5.1m▼
Financial income75/76B€259,109€566,053▲
Recurring financial income75€259,109€566,053▲
Income from current assets751€231,662€260,193▲
Other financial income752/9€27,448€305,860▲
Financial charges65/66B€1.5m€1.7m▲
Recurring financial charges65€1.5m€1.7m▲
Debt charges650€1.5m€1.6m▲
Other financial charges652/9€37,755€86,294▲
Profit (loss) for the period before taxes9903€6.0m€4.0m▼
Income taxes67/77€950,397€231,682▼
Taxes670/3€950,397€231,682▼
Profit (loss) for the period9904€5.0m€3.7m▼
Profit (loss) for the period to be appropriated9905€5.0m€3.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.0m€3.7m▼
Transfer to equity691/2€4.0m€3.7m▼
To other reserves6921€4.0m€3.7m▼
Profit to be distributed694/7€1.0m€0▼
Directors or managers695€1.0m€0▼
Social balance
Average headcount (FTE)9087161.5166.5▲

The notes to these accounts (119 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€58.7m€65.4m€75.8m€92.3m▲ 21.7%
Turnover70€54.6m€55.5m€57.1m€73.1m€90.5m▲ 23.8%
Change in stocks of work in progress, finished goods and contracts in progress71-€1.8m€6.8m€1.3m€194,356▼ 85.0%
Other operating income74-€1.3m€1.5m€1.4m€1.6m▲ 11.8%
Non-recurring operating income76A-€70,078€6,177€2,506€2,479▼ 1.1%
Operating charges60/66A-€57.0m€63.0m€68.6m€87.1m▲ 27.0%
Goods for resale, raw materials and consumables60-€36.4m€41.5m€49.3m€60.8m▲ 23.4%
Purchases600/8-€45.8m€39.8m€47.8m€67.0m▲ 40.4%
Change in stocks: decrease (increase)609--€9.3m€1.7m€1.6m-€6.2m▼ 499%
Services and other goods61-€8.0m€8.0m€6.7m€9.2m▲ 38.2%
Remuneration, social security and pensions62-€9.7m€11.5m€12.0m€13.4m▲ 11.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.0m€1.0m€1.3m€1.5m▲ 14.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.3m€527,112-€1.5m€2.1m▲ 234%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€327,270€228,254€606,344-€89,534▼ 115%
Other operating charges640/8-€107,801€220,633€194,693€186,956▼ 4.0%
Non-recurring operating charges66A-€1,169€4,075€0€8,079-
Operating profit (loss)9901€4.7m€1.7m€2.4m€7.2m€5.1m▼ 28.9%
Financial income75/76B-€201,069€163,398€259,109€566,053▲ 118%
Recurring financial income75€207,238€201,069€163,398€259,109€566,053▲ 118%
Income from current assets751-€87,208€98,209€231,662€260,193▲ 12.3%
Other financial income752/9-€113,862€65,189€27,448€305,860▲ 1,014%
Financial charges65/66B-€851,292€850,423€1.5m€1.7m▲ 15.7%
Recurring financial charges65€825,747€851,292€850,423€1.5m€1.7m▲ 15.7%
Debt charges650€814,346€739,717€805,888€1.5m€1.6m▲ 12.8%
Other financial charges652/9-€111,575€44,534€37,755€86,294▲ 129%
Profit (loss) for the period before taxes9903€4.1m€1.1m€1.7m€6.0m€4.0m▼ 33.6%
Transfer from deferred taxes780-€788€0---
Income taxes67/77€301,447€64,212€220,290€950,397€231,682▼ 75.6%
Taxes670/3-€64,212€220,290€950,397€231,682▼ 75.6%
Profit (loss) for the period9904€3.8m€1.0m€1.5m€5.0m€3.7m▼ 25.7%
Transfer from tax-exempt reserves789-€2,363€0---
Profit (loss) for the period to be appropriated9905€3.8m€1.0m€1.5m€5.0m€3.7m▼ 25.7%
Line20202021202220232024Change
Assets
Total assets20/58€41.9m€51.2m€57.1m€62.5m€67.2m▲ 7.6%
Fixed assets21/28€11.5m€11.5m€12.1m€11.8m€13.5m▲ 14.1%
Intangible fixed assets21€3,151€484,428€1.2m€1.4m€1.8m▲ 26.5%
Tangible fixed assets22/27€10.8m€10.4m€10.2m€9.7m€11.0m▲ 13.3%
Land and buildings22-€5.0m€5.1m€4.9m€5.6m▲ 14.4%
Plant, machinery and equipment23-€63,119€97,119€123,774€173,671▲ 40.3%
Furniture and vehicles24-€319,915€352,303€381,526€504,803▲ 32.3%
Leasing and similar rights25-€5.0m€4.6m€4.2m€4.6m▲ 10.1%
Assets under construction and advance payments27---€65,700€51,412▼ 21.7%
Financial fixed assets28€666,465€696,036€696,100€696,100€694,700▼ 0.2%
Affiliated companies280/1-€650,000€650,000€650,000€650,000=
Participating interests280-€650,000€650,000€650,000€650,000=
Other financial fixed assets284/8-€46,036€46,100€46,100€44,700▼ 3.0%
Amounts receivable and cash guarantees285/8-€46,036€46,100€46,100€44,700▼ 3.0%
Current assets29/58€30.4m€39.7m€45.0m€50.7m€53.8m▲ 6.1%
Stocks and contracts in progress3€18.8m€27.5m€30.0m€34.5m€38.9m▲ 12.6%
Stocks30/36-€27.5m€30.0m€34.5m€38.9m▲ 12.6%
Raw materials and consumables30/31-€19.6m€18.2m€18.2m€20.2m▲ 11.0%
Work in progress32-€1.8m€2.9m€3.8m€4.3m▲ 13.1%
Finished goods33-€4.5m€8.1m€12.4m€11.4m▼ 7.7%
Goods purchased for resale34-€1.6m€708,712€174,497€3.0m▲ 1,598%
Amounts receivable within one year40/41€6.1m€10.9m€12.7m€14.2m€13.7m▼ 3.3%
Trade receivables40-€5.1m€8.1m€8.9m€7.9m▼ 10.9%
Other amounts receivable41-€5.8m€4.6m€5.3m€5.8m▲ 9.5%
Cash at bank and in hand54/58€5.1m€902,465€2.0m€1.4m€586,415▼ 59.2%
Deferred charges and accrued income490/1-€454,958€378,049€530,044€592,271▲ 11.7%
Equity and liabilities
Total equity and liabilities10/49€41.9m€51.2m€57.1m€62.5m€67.2m▲ 7.6%
Equity10/15€10.6m€11.6m€12.8m€16.8m€20.6m▲ 22.2%
Contributions10/11€3.2m€3.2m€3.2m€3.2m€3.2m=
Capital10-€3.2m€3.2m€3.2m€3.2m=
Issued capital100-€3.2m€3.2m€3.2m€3.2m=
Reserves13€7.4m€8.5m€9.6m€13.7m€17.4m▲ 27.4%
Non-distributable reserves130/1-€319,818€319,818€319,818€319,818=
Legal reserve130-€319,818€319,818€319,818€319,818=
Tax-exempt reserves132-€106,449€106,449€106,449€106,449=
Distributable reserves133-€8.0m€9.2m€13.2m€17.0m▲ 28.3%
Provisions and deferred taxes16€947,148€1.3m€1.5m€2.1m€2.0m▼ 4.2%
Provisions for liabilities and charges160/5-€1.3m€1.5m€2.1m€2.0m▼ 4.2%
Pensions and similar obligations160-€33,281€28,226€23,170€18,115▼ 21.8%
Major repairs and maintenance162---€347,961€180,847▼ 48.0%
Other liabilities and charges164/5-€1.2m€1.5m€1.7m€1.8m▲ 4.8%
Deferred taxes168-€0----
Amounts payable17/49€30.4m€38.4m€42.8m€43.5m€44.6m▲ 2.5%
Amounts payable after more than one year17€19.4m€15.2m€14.2m€12.9m€9.8m▼ 24.4%
Financial debts170/4-€15.2m€14.2m€12.9m€9.8m▼ 24.4%
Subordinated loans170-€4.0m€4.0m€4.0m€4.0m=
Leasing and similar obligations172-€3.9m€3.4m€3.0m€3.2m▲ 7.6%
Credit institutions173-€7.3m€6.8m€6.0m€2.6m▼ 56.8%
Amounts payable within one year42/48€10.8m€23.0m€28.5m€30.4m€34.7m▲ 14.2%
Current portion of amounts payable after more than one year42-€4.2m€1.3m€1.3m€3.9m▲ 204%
Financial debts43-€7.7m€11.3m€13.1m€11.2m▼ 14.6%
Credit institutions430/8-€7.7m€11.3m€13.1m€11.2m▼ 14.6%
Trade debts44€3.9m€8.3m€8.2m€7.5m€11.8m▲ 56.7%
Suppliers440/4-€8.3m€8.2m€7.5m€11.8m▲ 56.7%
Advances received on contracts in progress46-€1.0m€5.1m€1.8m€3.6m▲ 99.2%
Taxes, remuneration and social security45-€1.8m€2.4m€2.9m€2.6m▼ 10.7%
Taxes450/3-€191,333€362,053€865,463€286,312▼ 66.9%
Remuneration and social security454/9-€1.7m€2.0m€2.0m€2.3m▲ 13.4%
Other amounts payable47/48-€959€305,936€3.8m€1.7m▼ 56.8%
Accrued charges and deferred income492/3-€105,699€82,465€206,449€154,761▼ 25.0%
Line20202021202220232024Change
Profit (loss) for the period9904€3.8m€1.0m€1.5m€5.0m€3.7m▼ 25.7%
+ Depreciation and write-downs630€1.1m€1.0m€1.0m€1.3m€1.5m▲ 14.0%
Operating cash flow (approximation)€4.9m€2.1m€2.5m€6.4m€5.3m▼ 17.4%
Investment in fixed assets (approximation)--€1.1m-€1.6m-€1.0m-€3.2m▼ 212%
Change in cash--€4.2m€1.1m-€525,411-€852,090▼ 62.2%

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

2026
18-08
State Gazette act Reappointment: Auditas Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Sven Vansteelant4 facts ▸
  • General meeting, 10-08-2026
  • Auditor reappointment, Auditas Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Sven Vansteelant (permanent representative)
  • Other statement, publicatienummer, *26353774*
09-01
State Gazette act Permanent representative: Sven Vansteelant
2 facts ▸
  • Board meeting, 04-12-2025
  • Permanent representative, Sven Vansteelant
2025
21-11
State Gazette act Resignations: CLAREBOUT (non-statutory director) and Jan Clarebout (permanent representative)
Appointment: PERUNA (non-statutory director) · Permanent representative: Jan Clarebout · Mandate compensation7 facts ▸
  • General meeting, 01-10-2025
  • Director resignation, CLAREBOUT (non-statutory director)
  • Director resignation, Jan Clarebout (permanent representative)
  • Director appointment, PERUNA (non-statutory director)
  • Mandate compensation, PERUNA
  • Permanent representative, Jan Clarebout (permanent representative)
  • Power of attorney, TITECA
19-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
07-05
State Gazette act Reappointment: Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Stephanie Libbrecht3 facts ▸
  • General meeting, 12-12-2023
  • Auditor reappointment, Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Stephanie Libbrecht
2023
31-12
Financial Highest result since 2018net €5.0m ▲240%
Operating result €7.2m, net result €5.0m, both a record.
10-07
State Gazette act Reappointments: DEFINCO, COMTI and 2 others
Permanent representatives: Decramer Hendrik, Decan Thomas and Clarebout Jan · Purpose change · Statutes amendment10 facts ▸
  • Purpose change, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: 1. Specifieke activiteiten: •…
  • Statutes amendment
  • Director reappointment, DEFINCO (director)
  • Permanent representative, Decramer Hendrik
  • Director reappointment, COMTI (director)
  • Permanent representative, Decan Thomas
  • Director reappointment, CLAREBOUT (director)
  • Permanent representative, Clarebout Jan
  • Director reappointment, Clarebout Gilles (director)
  • Director reappointment, DEFINCO (managing director)
15-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Equity above €10mEq €10.6m ▲42.5%
2 profitable years in a row build equity to €10.6m.
Show earlier events
22-07
State Gazette act Reappointment: BV Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sven Vansteelant3 facts ▸
  • General meeting, 04-06-2020
  • Auditor reappointment, BV Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sven Vansteelant
22-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Back to profitnet €436,684
Net result €436,684 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 2.69
Current ratio from 1.13 to 2.69; short-term debt falls from €23.0m to €10.4m.
19-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
07-05
State Gazette act Resignations: Rika Dewulf, CAZENEUVE and MOOSERWIRT
Appointments: Gilles Clarebout, Clarebout and Definco · Permanent representatives: Jan Clarebout, Thomas Decan and Hendrik Decramer · Reappointments: COMTI (director) and Definco (director)13 facts ▸
  • General meeting, 28-03-2019
  • Director resignation, Rika Dewulf (director)
  • Director resignation, CAZENEUVE (director)
  • Director resignation, MOOSERWIRT (director)
  • Director appointment, Gilles Clarebout (director)
  • Director appointment, Clarebout (director)
  • Permanent representative, Jan Clarebout
  • Director reappointment, COMTI (director)
  • Permanent representative, Thomas Decan
  • Director reappointment, Definco (director)
  • Permanent representative, Hendrik Decramer
  • Director appointment, Definco (managing director)
  • +1 further facts in this act
2018
24-07
State Gazette act Reappointments: Cazeneuve BVBA, Comti BVBA and 2 others
Permanent representatives: Willem Decramer, Thomas Decan and 2 others9 facts ▸
  • General meeting, 07-06-2018
  • Director reappointment, Cazeneuve BVBA (director)
  • Permanent representative, Willem Decramer
  • Director reappointment, Comti BVBA (director)
  • Permanent representative, Thomas Decan
  • Director reappointment, Defirico NV (director)
  • Permanent representative, Karel Decramer
  • Director reappointment, Mooserwirt BVBA (director)
  • Permanent representative, Hendrik Decramer
05-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
28-05
State Gazette act Appointment: Rika Dewulf (director)
1 fact ▸
  • Director appointment, Rika Dewulf (director)
2017
02-10
State Gazette act Reappointment: BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sven Vansteelant3 facts ▸
  • General meeting, 19-07-2017
  • Auditor reappointment, BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sven Vansteelant
19-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
24-02
State Gazette act Reappointment: BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sven Vansteelant3 facts ▸
  • General meeting, 01-12-2014
  • Auditor reappointment, BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sven Vansteelant
2013
08-08
State Gazette act Resignation: CD-X (director)
2 facts ▸
  • General meeting, 06-06-2013
  • Director resignation, CD-X (director)
2012
06-12
State Gazette act Reappointments: MOOSERWIRT BVBA, KAFINCO BVBA and 3 others
Permanent representatives: Hendrik DECRAMER, Karel DECRAMER and 3 others13 facts ▸
  • General meeting, 07-06-2012
  • Director reappointment, MOOSERWIRT BVBA (director)
  • Permanent representative, Hendrik DECRAMER
  • Director reappointment, KAFINCO BVBA (director)
  • Permanent representative, Karel DECRAMER
  • Director reappointment, CAZENEUVE BVBA (director)
  • Permanent representative, Willem DECRAMER
  • Director reappointment, COMTI BVBA (director)
  • Permanent representative, Thomas DECAN
  • Director reappointment, CD-X BVBA (director)
  • Permanent representative, Carl DEWULF
  • Board meeting, 07-06-2012
  • +1 further facts in this act
04-12
State Gazette act Resignation: KAFINCO (director)
Appointment: DEFINCO (director) · Permanent representatives: Karel DECRAMER, Hendrik DECRAMER and Willem DECRAMER7 facts ▸
  • General meeting, 16-10-2012
  • Director resignation, KAFINCO (director)
  • Director appointment, DEFINCO (director)
  • Permanent representative, Karel DECRAMER
  • Permanent representative, Karel DECRAMER
  • Permanent representative, Hendrik DECRAMER
  • Permanent representative, Willem DECRAMER
27-03
State Gazette act Resignation: BVBA Mieke Watteyne (statutory auditor)
Appointment: CVBA Auditas Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Sven Vansteelant and Karel Decramer5 facts ▸
  • General meeting, 08/12/2011
  • Director resignation, BVBA Mieke Watteyne (statutory auditor)
  • Auditor appointment, CVBA Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sven Vansteelant
  • Permanent representative, Karel Decramer
13-01
State Gazette act Resignations: Rika Dewulf, Luc Decramer and TRAPEGEER NV
Appointment: MOOSERWIRT BVBA (chair of the board) · Permanent representatives: Hendrik Decramer and Luc Decramer10 facts ▸
  • General meeting, 22-10-2011
  • Director resignation, Rika Dewulf (director)
  • Director resignation, Luc Decramer (director)
  • Director resignation, TRAPEGEER NV (director)
  • Board meeting, 22-10-2011
  • Director resignation, Rika Dewulf (afgevaardigd bestuurder)
  • Director resignation, Luc Decramer (chair of the board)
  • Director appointment, MOOSERWIRT BVBA (chair of the board)
  • Permanent representative, Hendrik Decramer
  • Permanent representative, Luc Decramer
2010
25-06
State Gazette act Reappointment: MIEKE WATTEYNE (statutory auditor)
2 facts ▸
  • General meeting, 03-06-2010
  • Auditor reappointment, MIEKE WATTEYNE (statutory auditor)
2007
10-12
State Gazette act Capital & shares · Statutes amendment
Capital increase · Power of attorney3 facts ▸
  • Capital increase, €2.574.801,18
  • Statutes amendment
  • Power of attorney, Dewulf Rika
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
18 of 18 acts read

Directors · office · real estate

Directors
5 directors, 1 in day-to-day management, no change since 2025

Board 5

SOLID
Director · since 07-06-2012 · Private limited company · perm. rep.: Thomas Decan
Current
CLAREBOUT
Director · since 28-03-2019 · Public limited company · perm. rep.: Jan Clarebout
Current
Clarebout Gilles
Director · since 28-03-2019
Current
DEFINCO
Director · since 28-03-2019 · Public limited company · perm. rep.: Hendrik Decramer
Current
PERUNA
Non-statutory director · since 01-10-2025 · Legal entity · perm. rep.: Jan Clarebout
Current
9 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
MOOSERWIRT
Chair of the board · since 22-10-2011 · Director · since 07-06-2012 · Private limited company · perm. rep.: Hendrik Decramer
Not recently confirmed
CAZENEUVE
Director · since 07-06-2012 · Private limited company · perm. rep.: Willem DECRAMER
Not recently confirmed
CD - X
Director · since 07-06-2012 · Private limited company · perm. rep.: Carl DEWULF
Not recently confirmed
KAFINCO
Director · since 07-06-2012 · Private limited company · perm. rep.: Karel DECRAMER
Not recently confirmed
DEFINCO
Director · since 16-10-2012 · Legal entity · perm. rep.: Karel DECRAMER
Not recently confirmed
Cazeneuve BVBA
Director · since 07-06-2018 · Legal entity · perm. rep.: Willem Decramer
Not recently confirmed
Comti BVBA
Director · since 07-06-2018 · Legal entity · perm. rep.: Thomas Decan
Not recently confirmed
Defirico NV
Director · since 07-06-2018 · Legal entity · perm. rep.: Karel Decramer
Not recently confirmed
Mooserwirt BVBA
Director · since 07-06-2018 · Legal entity · perm. rep.: Hendrik Decramer
Not recently confirmed

Day-to-day management 1

DEFINCO
Managing director · since 28-03-2019 · Public limited company · perm. rep.: Hendrik Decramer
Current

Permanent representatives 3

Thomas Decan
Permanent representative · since 07-06-2012 · for SOLID
Current
Hendrik Decramer
Permanent representative · since 28-03-2019 · for DEFINCO
Current
Jan Clarebout
Permanent representative · since 01-10-2025 · for PERUNA
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Carl DEWULF
Permanent representative · since 07-06-2012 · for CD - X
Not recently confirmed
Karel Decramer
Permanent representative · since 07-06-2018 · for Defirico NV
Not recently confirmed
Willem Decramer
Permanent representative · since 07-06-2018 · for Cazeneuve BVBA
Not recently confirmed

Statutory auditor 1

AUDITAS BEDRIJFSREVISOREN BV
Statutory auditor · since 27-03-2012 · perm. rep.: Sven Vansteelant
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Roeselare · 4 establishment units since 1980
seat establishment approximate All 4 establishment units on the map
Ground area
7.3 ha
Building footprint
2.9 ha
Volume, LiDAR
71,786 m³
4 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
4 establishment units
DEWULF
Moorseelsesteenweg 20, 8800 RoeselareManufacture of motor vehicles, trailers and semi-trailers
since 19802.018.122.612
DEWULF
Veldstraat 166, 8800 RoeselareManufacture of machinery and equipment not elsewhere classified
since 20112.206.671.212
DEWULF
Moorseelsesteenweg 41, 8800 RoeselareRepair and maintenance of machinery
since 20112.206.671.509
Armoedestraat 34, 8800 Roeselare
Manufacture of fabricated metal products, except machinery and equipment
since 20172.269.095.165
4 parcels
Flanders 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36502B0784/00D004 Flanders 3.1 ha 1 · 1.8 ha -
36302B1698/00P002 Flanders 2.6 ha 1 · 1.0 ha 12.9 m · 2 fl.
36017C0456/00B000 Flanders 1.2 ha - -
36017A0652/00G000 Flanders 3,632 m² 1 · 212 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

24 people since 2010, 15 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
SOLID
  • Director, already before 07-06-2012 to date
CLAREBOUT
  • Director, from 28-03-2019 to date
Clarebout Gilles
  • Director, from 28-03-2019 to date
DEFINCO
  • Director, already before 28-03-2019 to date
  • Managing director, from 28-03-2019 to date
PERUNA
  • Non-statutory director, from 01-10-2025 to date
AUDITAS BEDRIJFSREVISOREN BV
  • Statutory auditor, from 27-03-2012 to date
MOOSERWIRT
  • Chair of the board, from 22-10-2011 not ended, last confirmed 06-12-2012
  • Director, already before 07-06-2012 not ended, last confirmed 06-12-2012
CAZENEUVE
  • Director, already before 07-06-2012 not ended, last confirmed 06-12-2012
CD - X
  • Director, already before 07-06-2012 not ended, last confirmed 06-12-2012
KAFINCO
  • Director, already before 07-06-2012 not ended, last confirmed 06-12-2012
DEFINCO
  • Director, from 16-10-2012 not ended, last confirmed 04-12-2012
Cazeneuve BVBA
  • Director, already before 07-06-2018 not ended, last confirmed 24-07-2018
Comti BVBA
  • Director, already before 07-06-2018 not ended, last confirmed 24-07-2018
Defirico NV
  • Director, already before 07-06-2018 not ended, last confirmed 24-07-2018
Mooserwirt BVBA
  • Director, already before 07-06-2018 not ended, last confirmed 24-07-2018
CLAREBOUT
  • Non-statutory director, until 01-10-2025
Clarebout Jan
  • Permanent representative, until 01-10-2025
CAZENEUVE
  • Director, until 28-03-2019
MOOSERWIRT
  • Director, until 28-03-2019
Rika Dewulf
  • Director, until 16-07-2011
  • Afgevaardigd bestuurder, until 16-07-2011
  • Director, from 08-03-2018 to 28-03-2019
CD-X
  • Director, until 06-06-2013
Kafinco
  • Director, until 16-10-2012
MIEKE WATTEYNE
  • Statutory auditor, from 03-06-2010 to 27-03-2012
Luc Decramer
  • Chair of the board, until 16-07-2011
  • Director, until 16-07-2011
See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 1 holding

Chain of control

  1. Dewulf Invest 100%
  2. DEFINCO 99.6%
  3. DEWULF

Highest known parent: Dewulf Invest. The sources do not say who stands above it.

Owners 2

Holdings 1

According to the 2024 annual accounts of DEWULF and those 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

4 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ACCENT OFFICES
Shared corporate director
→
CLAREBOUT POTATOES
Shared corporate director
→
ECG Labs
Shared corporate director
→
ECG Nutrition and Supplements
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 10-12-2007 Capital increase of 2,574,801.18 EUR · to 3,169,745.63 EUR · from reserves

Public money · subsidies and aid

Flemish government

2022 to 2025 · 15 entries · 603,034 EUR awarded · 460,614 EUR paid
Year Entries awardedpaid
2025 4 3,642 EUR7,642 EUR
2024 3 21,662 EUR219,662 EUR
2023 4 517,669 EUR219,289 EUR
2022 4 60,061 EUR14,021 EUR
Schemes
4 entries · 496,834 EUR · 396,000 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 46,040 EUR · 4,000 EUR paid · Departement Mobiliteit en Openbare Werken
4 entries · 29,940 EUR · 29,940 EUR paid · Departement Werk en Sociale Economie
3 entries · 26,300 EUR · 26,300 EUR paid · Departement Werk en Sociale Economie
2 entries · 3,920 EUR · 4,374 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

549300PS1MOCQBOKK822
live in the LEI register

Similar companies · same sector, comparable size

Of 263 companies in sector 28300 we hold annual accounts for 197. 59 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded22-11-1980
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
47812Retail trade
46610Wholesale trade
77310Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0420997222
Also 9925:BE0420997222

Register as of 27 September 2026 · Peppol Directory

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