DEWULF
ActiveDEWULF has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308k and a net result of €64k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 2024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+89
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.17 against 2.85 in 2024), and 27.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
72.8%
Return on assets
15.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
45 d early
2023
21 d early
2022
on the day
2021
4 d early
2020
52 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€308k▲ 26.4%
2024 · €244k
2019: €142k
2020: €163k
2021: €226k
2022: €226k
2023: €239k
2024: €244k
2019 → 2025
Total assets
€423k▲ 22.1%
2024 · €346k
2019: €246k
2020: €247k
2021: €319k
2022: €301k
2023: €327k
2024: €346k
2019 → 2025
Net result
€64k▲ 1,141%
2024 · €5k
2019: €12k
2020: €21k
2021: €63k
2022: €65
2023: €13k
2024: €5k
2019 → 2025
Working capital
€190k▲ 43.7%
2024 · €132k
2019: €45k
2020: €68k
2021: €85k
2022: €111k
2023: €107k
2024: €132k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€226k=€239k▲ 5.7%€244k▲ 2.2%€308k▲ 26.4%
Operating result€91k-€513▼ 99.4%€18k▲ 3,325%€8k▼ 56.1%€98k▲ 1,168%
Net result€63k-€65▼ 99.9%€13k▲ 19,696%€5k▼ 59.4%€64k▲ 1,141%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,168% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €423k
Fixed assets
€145k▲ 2.0%
Current assets
€278k▲ 36.2%
Equity and liabilities €423k
Equity
€308k▲ 26.4%
Debt
€115k▲ 12.0%
The debt ratio falls from 29.6% to 27.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€149k▲
2024 · €65k
Cash flow
€116k▲
2024 · €63k
Solvency
72.8%▲
2024 · 70.4%
Current ratio
3.17▲
2024 · 2.85
Quick ratio
2.88▲
2024 · 2.41
Debt / equity
0.37▼
2024 · 0.42
ROE
20.9%▲
2024 · 2.1%
ROA
15.2%▲
2024 · 1.5%
Interest coverage
720.93▲
2024 · 310.57
Debt
€115k▲
2024 · €103k
Debt ≤ 1 year
€88k▲
2024 · €72k
Debt > 1 year
€27k▼
2024 · €31k
Income taxes
€34k▲
2024 · €3k
Staff costs
€177k▼
2024 · €204k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€346k€423k▲
Fixed assets21/28€142k€145k▲
Tangible fixed assets22/27€142k€145k▲
Land and buildings22€44k€36k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€73k€87k▲
Other tangible fixed assets26€12k€12k=
Financial fixed assets28€309€309=
Current assets29/58€204k€278k▲
Stocks and contracts in progress3€31k€25k▼
Stocks30/36€31k€25k▼
Amounts receivable within one year40/41€8k€8k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€155k€232k▲
Deferred charges and accrued income490/1€10k€12k▲
Equity and liabilities
Total equity and liabilities10/49€346k€423k▲
Equity10/15€244k€308k▲
Contributions10/11€6k€6k=
Reserves13€238k€302k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€236k€300k▲
Amounts payable17/49€103k€115k▲
Amounts payable after more than one year17€31k€27k▼
Other amounts payable178/9€31k€27k▼
Amounts payable within one year42/48€72k€88k▲
Trade debts44€31k€32k▲
Suppliers440/4€31k€32k▲
Advances received on contracts in progress46€160€160=
Taxes, remuneration and social security45€41k€56k▲
Taxes450/3€7k€34k▲
Remuneration and social security454/9€34k€22k▼
Income statement
Code20242025
Remuneration, social security and pensions62€204k€177k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€51k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€277k€333k▲
Operating profit (loss)9901€8k€98k▲
Financial income75/76B€450€934▲
Recurring financial income75€450€934▲
Financial charges65/66B€210€207▼
Recurring financial charges65€210€207▼
Profit (loss) for the period before taxes9903€8k€99k▲
Income taxes67/77€3k€34k▲
Profit (loss) for the period9904€5k€64k▲
Profit (loss) for the period to be appropriated9905€5k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€64k▲
Transfer to equity691/2€5k€64k▲
To other reserves6921€5k€64k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
State Gazette act
Capital & shares · Statutes amendment · RestructuringGeneral meeting · Demerger · Incorporation6 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
General meeting · Demerger · Incorporation6 facts ▸
- General meeting, 2026-01-13
- Demerger, partielle splitsing, 2025-09-29
- Incorporation, 2026-01-13
- Corporate purpose, Verstrekken van onderricht dewelke weggebruikers, bestuurders en kandidaat bestuurders, in staat stelt, rekening houdende met de omstandigheden en het verkeersr…
- Capital
- Reserve release, statutair onbeschikbare eigen vermogensrekening
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €64k ▲1141%
Operating result €98k, net result €64k, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €65 ▼99.9%
Net result drops to €65, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €226k ▲38.6%
3 profitable years in a row build equity to €226k.
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €150kEq €163k ▲14.7%
2 profitable years in a row build equity to €163k.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ternat · 2 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gemeentehuisstraat 381740 TernatGround area
2,549 m²
Building footprint
549 m²
Volume, LiDAR
3,700 m³
2 parcels, Flanders · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
RIJSCHOOL DEWULF
since 20022.114.620.289
Gemeentehuisstraat 38, 1740 Ternat
since 20022.143.077.418
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0145/00L005 | Flanders | 1,889 m² | 1 · 320 m² | 12.8 m · 4 fl. |
| 23086E0372/00Y000 | Flanders | 660 m² | 1 · 229 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
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.
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:RIJSCHOOL ANNOOT
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Of 1,034 companies in sector 85531 we hold annual accounts for 345. 217 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2002
Fiscal year end30-06
Legal name NL
RIJSCHOOL DEWULF
Activities, NACEBEL
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.