DNWTH
ActiveSummary
DNWTH has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,762 and a net result of €23,340. Equity is growing by about 47% per year across the filed financial years. Its solvency ranks better than 78% of 8,558 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €63,762
- Profit
- €23,340
Why 95raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 4.66, cash €39,585Sector: Advertising, market research and public relations activities (NACE 73)Equity €63,762 (80.3% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 87% on solvency, 88% on liquidity, 88% on profitability and 85% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 43 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Eline Jansegers (director)Gazette deed
- Highest result from 2023 to 2025net €23,340 ▲57.9%
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 40% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €653 | €1,980 | €1,620 | ▼ 18.2% |
| Other operating charges640/8 | €565 | €321 | €716 | ▲ 123% |
| Gross operating margin9900 | €31,794 | €28,043 | €38,293 | ▲ 36.5% |
| Operating profit (loss)9901 | €30,577 | €25,741 | €35,957 | ▲ 39.7% |
| Financial income75/76B | - | €472 | €792 | ▲ 67.8% |
| Recurring financial income75 | - | €472 | €792 | ▲ 67.8% |
| Financial charges65/66B | €592 | €2,944 | €2,480 | ▼ 15.7% |
| Recurring financial charges65 | €592 | €2,944 | €2,480 | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €29,984 | €23,270 | €34,268 | ▲ 47.3% |
| Income taxes67/77 | €6,843 | €8,489 | €10,928 | ▲ 28.7% |
| Profit (loss) for the period9904 | €23,141 | €14,781 | €23,340 | ▲ 57.9% |
| Profit (loss) for the period to be appropriated9905 | €23,141 | €14,781 | €23,340 | ▲ 57.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46,167 | €54,506 | €79,446 | ▲ 45.8% |
| Formation expenses20 | €1,498 | €0 | - | - |
| Fixed assets21/28 | €2,143 | €3,144 | €7,362 | ▲ 134% |
| Tangible fixed assets22/27 | €1,348 | €2,349 | €6,567 | ▲ 180% |
| Plant, machinery and equipment23 | €1,348 | €2,349 | €2,554 | ▲ 8.7% |
| Other tangible fixed assets26 | - | - | €4,013 | - |
| Financial fixed assets28 | €795 | €795 | €795 | = |
| Current assets29/58 | €42,526 | €51,361 | €72,084 | ▲ 40.3% |
| Amounts receivable after more than one year29 | - | €15,000 | €25,000 | ▲ 66.7% |
| Other amounts receivable291 | - | €15,000 | €25,000 | ▲ 66.7% |
| Amounts receivable within one year40/41 | €14,100 | €12,124 | €1,591 | ▼ 86.9% |
| Trade receivables40 | €14,100 | €12,124 | €1,591 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €25,178 | €20,818 | €39,585 | ▲ 90.2% |
| Deferred charges and accrued income490/1 | €3,249 | €3,419 | €5,907 | ▲ 72.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46,167 | €54,506 | €79,446 | ▲ 45.8% |
| Equity10/15 | €25,641 | €40,422 | €63,762 | ▲ 57.7% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €23,141 | €37,922 | €61,262 | ▲ 61.5% |
| Distributable reserves133 | €23,141 | €37,922 | €61,262 | ▲ 61.5% |
| Amounts payable17/49 | €20,526 | €14,084 | €15,684 | ▲ 11.4% |
| Amounts payable within one year42/48 | €20,523 | €14,084 | €15,476 | ▲ 9.9% |
| Trade debts44 | €2,383 | €4,263 | €2,465 | ▼ 42.2% |
| Suppliers440/4 | €2,383 | €4,263 | €2,465 | ▼ 42.2% |
| Taxes, remuneration and social security45 | €16,138 | €8,798 | €10,753 | ▲ 22.2% |
| Taxes450/3 | €16,138 | €8,798 | €10,753 | ▲ 22.2% |
| Other amounts payable47/48 | €2,002 | €1,023 | €2,258 | ▲ 121% |
| Accrued charges and deferred income492/3 | €3 | €0 | €208 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,141 | €14,781 | €23,340 | ▲ 57.9% |
| + Depreciation and write-downs630 | €653 | €1,980 | €1,620 | ▼ 18.2% |
| Operating cash flow (approximation) | €23,794 | €16,761 | €24,960 | ▲ 48.9% |
| Investment in fixed assets (approximation) | - | -€2,981 | -€5,838 | ▼ 95.8% |
| Change in cash | - | -€4,360 | €18,768 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00173150 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00147582 |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00150538 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DENEWETH Cedric Eric Gerard |
|
| Eline JANSEGERS |
|
Owners and capital
Capital and shareholders
- DENEWETH Cedric Eric Gerard 80 shares (80%) · €2,000
- JANSEGERS Eline Monique Rudolf 20 shares (20%) · €500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-08-2023 Incorporation · €2,500 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
DNWTH was incorporated on 22 August 2023 as a private limited company by two natural persons, with a starting capital of €2,500.12 The registered office was moved to Sint-Gillis-Waas in 2025.3 The board currently has 2 members; DENEWETH Cedric Eric Gerard has served longest, since 2023.2 Total assets rose from €46,167 in 2023 to €79,446 in 2025.4
Acts, filings and financial milestones
05-05
Gazette deed
Appointment: Eline Jansegers (director)2 facts ▸
- General meeting, 01-03-2026
- Director appointment, Eline Jansegers (director)
03-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 24-02-2025
- Registered-office move, Burgemeester K.L. Verbraekenstraat 20 9170 Sint-Gillis-Waas
24-08
Gazette deed
IncorporationAppointment: DENEWETH Cedric Eric Gerard (director) · Founder · Founding capital10 facts ▸
- Incorporation, “DNWTH” (deed in Dutch)
- Founder, DENEWETH Cedric Eric Gerard
- Founder, JANSEGERS Eline Monique Rudolf
- Founding capital, €2,500
- Bank account, “KBC BANK, BE71 7330 7352 9969” (deed in Dutch)
- Share issue, 100, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “9100 Sint-Niklaas, Mercatorstraat 182” (deed in Dutch)
- Board rule, 1
- Director appointment, DENEWETH Cedric Eric Gerard (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46020C1036/00F002 | Flanders | 335 m² | 1 · 121 m² | 8.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- DNWTH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Zetel binnen België verplaatsen, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“BEVOEGDHEDEN VAN HET BESTUURSORGAAN Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem…”
Full text
BEVOEGDHEDEN VAN HET BESTUURSORGAAN Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren. Indien de vennootschap door meer dan één bestuurders wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten toekennen aan elke mandataris. DAGELIJKS BESTUUR Het bestuursorgaan kan het dagelijks bestuur van de vennootschap, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat, opdragen aan één of meer personen, al dan niet bestuurders, die alleen of gezamenlijk optreden. Het bestuursorgaan beslist omtrent hun benoeming, ontslag, bezoldiging en bevoegdheid. Wordt een bestuurder belast met het dagelijks bestuur dan draagt hij de titel “gedelegeerd-bestuurder”. Wordt een niet-bestuurder belast met het dagelijks bestuur dan draagt hij de titel “algemeen directeur” of elke andere titel waarmee hij/zij in het benoemingsbesluit wordt aangeduid.
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 19:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor