DORNWALD
ActiveDORNWALD has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €94k. Equity is growing by ~192.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 2256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
89
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency66▲+1
Growth78=
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.34 in 2024), and 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
34.9%
Return on assets
26.7%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
24 d late
2024
6 d late
2023
on the day
← 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€123k▲ 311%
2024 · €30k
2023: €8k
2024: €30k
2023 → 2025
Total assets
€352k▲ 329%
2024 · €82k
2023: €43k
2024: €82k
2023 → 2025
Net result
€94k▲ 329%
2024 · €22k
2023: €-2k
2024: €22k
2023 → 2025
Working capital
€102k▲ 859%
2024 · €11k
2023: €-12k
2024: €11k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€8k-€30k▲ 272%€123k▲ 311%
Operating result€-2k-€28k€123k▲ 343%
Net result€-2k-€22k€94k▲ 329%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 343% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352k
Fixed assets
€44k▲ 10.0%
Current assets
€308k▲ 636%
Equity and liabilities €352k
Equity
€123k▲ 311%
Debt
€229k▲ 339%
The debt ratio rises from 63.5% to 65.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€131k▲
2024 · €28k
Cash flow
€102k▲
2024 · €22k
Solvency
34.9%▼
2024 · 36.5%
Current ratio
1.50▲
2024 · 1.34
Quick ratio
1.50▲
2024 · 1.34
Debt / equity
1.86▲
2024 · 1.74
ROE
76.4%▲
2024 · 73.1%
ROA
26.7%=
2024 · 26.7%
Interest coverage
36.73▲
2024 · 30.93
Debt
€229k▲
2024 · €52k
Debt ≤ 1 year
€206k▲
2024 · €31k
Debt > 1 year
€20k=
2024 · €20k
Income taxes
€26k▲
2024 · €5k
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€82k€352k▲
Fixed assets21/28€40k€44k▲
Tangible fixed assets22/27€40k€32k▼
Furniture and vehicles24€40k€32k▼
Financial fixed assets28-€12k
Current assets29/58€42k€308k▲
Amounts receivable within one year40/41€15k€247k▲
Trade receivables40€15k€247k▲
Other amounts receivable41-€15
Cash at bank and in hand54/58€26k€61k▲
Equity and liabilities
Total equity and liabilities10/49€82k€352k▲
Equity10/15€30k€123k▲
Contributions10/11€10k€10k=
Reserves13€20k€113k▲
Distributable reserves133€20k€113k▲
Amounts payable17/49€52k€229k▲
Amounts payable after more than one year17€20k€20k=
Financial debts170/4€20k€20k=
Amounts payable within one year42/48€31k€206k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€10k€53k▲
Taxes450/3€10k€53k▲
Other amounts payable47/48€18k€151k▲
Accrued charges and deferred income492/3€912€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154€8k▲
Other operating charges640/8€585€807▲
Gross operating margin9900€29k€132k▲
Operating profit (loss)9901€28k€123k▲
Financial income75/76B€7€0▼
Recurring financial income75€7€0▼
Financial charges65/66B€906€4k▲
Recurring financial charges65€906€4k▲
Profit (loss) for the period before taxes9903€27k€120k▲
Income taxes67/77€5k€26k▲
Profit (loss) for the period9904€22k€94k▲
Profit (loss) for the period to be appropriated9905€22k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€94k▲
Profit (loss) brought forward from the previous period14P€-2k-
Transfer to equity691/2€20k€93k▲
To other reserves6921€20k€93k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (9 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
28-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2026-07-08
- Registered-office move, Vredelaan(Kor) 72, 8500 Kortrijk
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
30-06
Financial
Highest result since 2023net €94k ▲329%
Operating result €123k, net result €94k, both a record.
30-06
Financial
Equity above €100kEq €123k ▲311%
2 profitable years in a row build equity to €123k.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-06
Financial
Liquidity times 6current ratio 1.34
Current ratio from 0.21 to 1.34.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2022
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.
Vredelaan(Kor) 728500 KortrijkGround area
1,635 m²
Building footprint
160 m²
Volume, LiDAR
1,143 m³
Parcel 34353B0124/00E017, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DORNWALD
since 20222.337.357.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0124/00E017 | Flanders | 1,635 m² | 1 · 160 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FRAPACK
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VALUNORM
BE 0830.000.195
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ACCONA
BE 0761.936.384
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COMMUNICART
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WOOGIE
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Of 24,423 companies in sector 82990 we hold annual accounts for 9,361. 7,133 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2022
Fiscal year end30-06
Activities, NACEBEL
82990Other business support services
33120Repair and maintenance of machinery
43211General electrical installation work
46150Agents in the wholesale of furniture, household goods and hardware
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.