Dewulf Technics
ActiveSummary
The computed 12-month bankruptcy probability of Dewulf Technics is 1.7% (moderate). The 2025 annual accounts show equity of €184,642 and a net result of €58,786. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 1323 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+2
Solvency76▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 1.59 in 2024; short-term debt: 13.9% and cash: 14.2% of total assets), and 49% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
51%
Return on assets
16.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
17 d late
2024
29 d early
2023
15 d early
2022
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€184,642▲ 46.7%
2024 · €125,856
Total assets
€361,783▲ 27.3%
2024 · €284,109
Net result
€58,786▲ 45.6%
2024 · €40,367
Working capital
€86,921▲ 286%
2024 · €22,527
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line2022202320242025
Operating result€87,432-€67,357▼ 23.0%€58,984▼ 12.4%€77,828▲ 31.9%
Net result€65,111above the sector's middle half-€48,877above the sector's middle half▼ 24.9%€40,367above the sector's middle half▼ 17.4%€58,786above the sector's middle half▲ 45.6%
Equity€45,111within the sector's middle half-€85,489within the sector's middle half▲ 89.5%€125,856above the sector's middle half▲ 47.2%€184,642above the sector's middle half▲ 46.7%
Total assets€125,187within the sector's middle half-€146,754within the sector's middle half▲ 17.2%€284,109within the sector's middle half▲ 93.6%€361,783above the sector's middle half▲ 27.3%
Debt€80,075-€61,265▼ 23.5%€158,253▲ 158%€177,140▲ 11.9%
Working capital€27,394-€40,545▲ 48.0%€22,527▼ 44.4%€86,921▲ 286%
Solvency36.0%within the sector's middle half-58.3%within the sector's middle half▲ 22.2pp44.3%within the sector's middle half▼ 14.0pp51.0%within the sector's middle half▲ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361,783
Fixed assets
€224,630 ▲ 0.6%
Current assets
€137,153 ▲ 125%
Equity and liabilities €361,783
Equity
€184,642 ▲ 46.7%
Debt
€177,140 ▲ 11.9%
Debt's share of the balance-sheet total falls from 55.7% to 49.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,235▲
2024 · €98,286
Cash flow
€85,193▲
2024 · €79,669
Current ratio
2.73▲
2024 · 1.59
Debt to equity
0.96▼
2024 · 1.26
ROE
31.8%▼
2024 · 32.1%
ROA
16.2%▲
2024 · 14.2%
Interest coverage
19.37▼
2024 · 29.27
Debt ≤ 1 year
€50,232▲
2024 · €38,361
Debt > 1 year
€126,909▲
2024 · €119,892
Income taxes
€13,955▼
2024 · €15,319
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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%.
| 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 39,275 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,986 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,541 | €15,209 | €39,302 | €26,407 | ▼ 32.8% |
| Other operating charges640/8 | €352 | €430 | €553 | €1,084 | ▲ 96.3% |
| Non-recurring operating charges66A | - | - | €12,644 | €1,758 | ▼ 86.1% |
| Gross operating margin9900 | €100,325 | €82,995 | €111,482 | €107,077 | ▼ 4.0% |
| Operating profit (loss)9901 | €87,432 | €67,357 | €58,984 | €77,828 | ▲ 31.9% |
| Financial income75/76B | €0 | €0 | €61 | €295 | ▲ 386% |
| Recurring financial income75 | €0 | €0 | €61 | €295 | ▲ 386% |
| Financial charges65/66B | €571 | €374 | €3,358 | €5,381 | ▲ 60.2% |
| Recurring financial charges65 | €571 | €374 | €3,358 | €5,381 | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €86,861 | €66,984 | €55,686 | €72,741 | ▲ 30.6% |
| Income taxes67/77 | €21,750 | €18,107 | €15,319 | €13,955 | ▼ 8.9% |
| Profit (loss) for the period9904 | €65,111 | €48,877 | €40,367 | €58,786 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €65,111 | €48,877 | €40,367 | €58,786 | ▲ 45.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €125,187 | €146,754 | €284,109 | €361,783 | ▲ 27.3% |
| Fixed assets21/28 | €46,471 | €64,712 | €223,220 | €224,630 | ▲ 0.6% |
| Intangible fixed assets21 | €280 | €210 | €140 | €70 | ▼ 50.0% |
| Tangible fixed assets22/27 | €46,191 | €64,502 | €223,080 | €224,560 | ▲ 0.7% |
| Land and buildings22 | - | - | €121,162 | €119,284 | ▼ 1.5% |
| Plant, machinery and equipment23 | €1,800 | €4,232 | €6,561 | €6,058 | ▼ 7.7% |
| Furniture and vehicles24 | €44,390 | €60,270 | €95,358 | €99,218 | ▲ 4.0% |
| Current assets29/58 | €78,716 | €82,042 | €60,889 | €137,153 | ▲ 125% |
| Amounts receivable within one year40/41 | €22,176 | €39,420 | €32,925 | €77,845 | ▲ 136% |
| Trade receivables40 | €17,425 | €15,664 | €15,758 | €44,492 | ▲ 182% |
| Other amounts receivable41 | €4,750 | €23,755 | €17,166 | €33,353 | ▲ 94.3% |
| Current investments50/53 | - | - | - | €4,390 | - |
| Cash at bank and in hand54/58 | €55,815 | €41,665 | €26,077 | €51,460 | ▲ 97.3% |
| Deferred charges and accrued income490/1 | €726 | €957 | €1,887 | €3,457 | ▲ 83.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €125,187 | €146,754 | €284,109 | €361,783 | ▲ 27.3% |
| Equity10/15 | €45,111 | €85,489 | €125,856 | €184,642 | ▲ 46.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €40,000 | €80,000 | €120,000 | €120,000 | = |
| Distributable reserves133 | €40,000 | €80,000 | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | €111 | €489 | €856 | €59,642 | ▲ 6,867% |
| Amounts payable17/49 | €80,075 | €61,265 | €158,253 | €177,140 | ▲ 11.9% |
| Amounts payable after more than one year17 | €28,753 | €19,768 | €119,892 | €126,909 | ▲ 5.9% |
| Financial debts170/4 | €28,753 | €19,768 | €119,892 | €126,909 | ▲ 5.9% |
| Amounts payable within one year42/48 | €51,323 | €41,497 | €38,361 | €50,232 | ▲ 30.9% |
| Current portion of amounts payable after more than one year42 | €8,898 | €8,985 | €18,486 | €28,816 | ▲ 55.9% |
| Trade debts44 | €1,340 | €4,125 | €1,151 | €4,746 | ▲ 313% |
| Suppliers440/4 | €1,340 | €4,125 | €1,151 | €4,746 | ▲ 313% |
| Taxes, remuneration and social security45 | €15,582 | €18,262 | €18,725 | €16,669 | ▼ 11.0% |
| Taxes450/3 | €15,582 | €18,262 | €18,725 | €16,669 | ▼ 11.0% |
| Other amounts payable47/48 | €25,502 | €10,125 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,111 | €48,877 | €40,367 | €58,786 | ▲ 45.6% |
| + Depreciation and write-downs630 | €12,541 | €15,209 | €39,302 | €26,407 | ▼ 32.8% |
| Operating cash flow (approximation) | €77,652 | €64,086 | €79,669 | €85,193 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€33,450 | -€197,810 | -€27,817 | ▲ 85.9% |
| Change in cash | - | -€14,150 | -€15,588 | €25,383 | ▲ 263% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Equity above €150,000Eq €184,642 ▲46.7%
4 profitable years in a row build equity to €184,642.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €40,367 ▼17.4%
Net result drops to €40,367, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €125,856 ▲47.2%
3 profitable years in a row build equity to €125,856.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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.
Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2021
Ground area
527 m²
Building footprint
120 m²
Volume, LiDAR
549 m³
Parcel 32027A0234/00N000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Dewulf Technics
since 20212.325.390.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027A0234/00N000 | Flanders | 527 m² | 1 · 120 m² | 7.4 m · 2 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.
Similar companies · same sector, comparable size
TVB - Thomas Van Bruwaene
BE 0789.737.475
Tielt · Eq €184,264
Bausch + Ströbel Customer Care Center Belgium
BE 0802.924.725
Mechelen · Eq €185,443
JMND LEERNES
BE 0542.611.862
Fontaine-l'Evêque · Eq €185,589
Timmerman
BE 0553.556.135
Hasselt · Eq €183,687
ELITE TUBAGE
BE 0691.682.749
Brussel · Eq €186,137
Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,124 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
Founded17-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33190Repair, maintenance and installation of machinery and equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778757768
Also
9925:BE0778757768
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.