DOWI
ActiveSummary
The computed 12-month bankruptcy probability of DOWI is 2.1% (moderate). The 2025 annual accounts show negative equity (-€133,406) and a net result of -€85,521. Equity is shrinking by about 61% per year across the filed financial years. Its solvency ranks better than 10% of 11,213 sector peers (NACE 68, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€133,406
- Loss
- -€85,521
- Katia TassaertDirector
- Steven MariënDirector
Why 51raises riskNegative equity -€133,406Liquidity: current ratio 0.84, cash €736, halved1 change of registered office in 24 monthsLoss of €85,521 (financial year 2025)Show the evidence
Checked score
About 2 in 100 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 68, micro): better than 12% on solvency, 2% on liquidity, 12% on profitability and 3% 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 7 accounts on average 14 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move · Director in…
- Weakest financial yearnet -€85,521
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €60,956 after €31,725 in 2024.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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), Staff (FTE).
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,445 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 1,242 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,878 | €22,258 | €20,416 | - | €32,350 | €32,350 | €32,350 | €21,572 | ▼ 33.3% |
| Other operating charges640/8 | - | - | - | €874 | €1,457 | €1,540 | €2,435 | €1,315 | ▼ 46.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €9,064 | €0 | ▼ 100% |
| Gross operating margin9900 | €18,077 | €16,319 | -€11,894 | -€72,297 | -€24,080 | €52,276 | €75,573 | -€38,069 | - |
| Operating profit (loss)9901 | -€8,068 | -€8,048 | -€72,468 | -€73,171 | -€57,887 | €18,387 | €31,725 | -€60,956 | - |
| Financial income75/76B | - | - | - | - | - | - | €1 | €244 | ▲ 235× |
| Recurring financial income75 | €306 | €1,536 | - | - | - | - | €1 | €244 | ▲ 235× |
| Financial charges65/66B | - | - | - | €1,716 | €3,759 | €14,211 | €28,787 | €24,809 | ▼ 13.8% |
| Recurring financial charges65 | €150 | €150 | €162 | €1,716 | €3,759 | €14,211 | €28,787 | €24,809 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | -€7,912 | -€6,662 | -€72,630 | -€74,887 | -€61,646 | €4,176 | €2,939 | -€85,521 | - |
| Income taxes67/77 | €289 | €110 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€6,847 | -€5,448 | -€72,630 | -€74,887 | -€61,646 | €4,176 | €2,939 | -€85,521 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,217 | -€2,876 | -€72,630 | -€74,887 | -€61,646 | €4,176 | €2,939 | -€85,521 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.08m | €0.3m | €0.6m | €0.6m | €1.0m | €1.0m | = |
| Fixed assets21/28 | €0.08m | €0.06m | €0.001m | €0.2m | €0.2m | €0.1m | €0.1m | €0.08m | ▼ 21.1% |
| Tangible fixed assets22/27 | €0.08m | €0.06m | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.08m | ▼ 21.5% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.01m | €0.001m | €0.001m | ▼ 50.0% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | €0.02m | €0.008m | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 14.3% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.08m | €0.1m | €0.08m | €0.06m | €0.5m | €0.5m | €0.9m | €0.9m | ▲ 2.3% |
| Stocks and contracts in progress3 | - | - | - | - | €0.2m | €0.5m | €0.7m | €0.8m | ▲ 8.7% |
| Stocks30/36 | - | - | - | - | - | - | €0.01m | €0.01m | ▲ 14.3% |
| Contracts in progress37 | - | - | - | - | €0.2m | €0.5m | €0.7m | €0.8m | ▲ 8.6% |
| Amounts receivable within one year40/41 | €0.03m | €0.09m | €0.04m | €0.04m | €0.2m | €0.04m | €0.2m | €0.1m | ▼ 25.1% |
| Trade receivables40 | - | - | - | €395 | €0.2m | - | €0.006m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.04m | €0.04m | €0.2m | €0.1m | ▼ 22.1% |
| Cash at bank and in hand54/58 | €0.06m | €0.01m | €0.05m | €0.02m | €0.008m | €0.002m | €0.002m | €0.001m | ▼ 60.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.08m | €0.3m | €0.6m | €0.6m | €1.0m | €1.0m | = |
| Equity10/15 | €0.2m | €0.2m | €0.08m | €0.007m | -€0.05m | -€0.05m | -€0.05m | -€0.1m | ▼ 179% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | - | - | - | - |
| Issued capital100 | - | - | - | €0.07m | €0.07m | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €0.07m | - | - | - |
| Other1109/19 | - | - | - | - | - | €0.07m | - | - | - |
| Reserves13 | €0.009m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.007m | €0.007m | €0.007m | = |
| Profit (loss) carried forward14 | €0.09m | €0.08m | €0.01m | -€0.06m | -€0.1m | -€0.1m | -€0.1m | -€0.2m | ▼ 71.6% |
| Provisions and deferred taxes16 | €0.001m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €289 | €116 | - | €0.3m | €0.7m | €0.7m | €1.1m | €1.1m | ▲ 8.1% |
| Amounts payable after more than one year17 | - | - | - | €0.1m | €0.1m | €0.08m | €0.05m | €0.04m | ▼ 32.7% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.08m | €0.05m | €0.04m | ▼ 32.7% |
| Amounts payable within one year42/48 | €289 | €116 | - | €0.1m | €0.6m | €0.6m | €1.0m | €1.1m | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 32.8% |
| Financial debts43 | - | - | - | - | €0.2m | €0.2m | €0.5m | €0.5m | ▲ 3.6% |
| Credit institutions430/8 | - | - | - | - | €0.2m | €0.2m | €0.5m | €0.5m | ▲ 3.6% |
| Trade debts44 | - | €6 | - | €0.02m | €0.2m | €0.08m | €0.08m | €0.05m | ▼ 36.6% |
| Suppliers440/4 | - | - | - | €0.02m | €0.2m | €0.08m | €0.08m | €0.05m | ▼ 36.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €102 | €0.004m | €10 | ▼ 99.8% |
| Taxes450/3 | - | - | - | - | - | €102 | €0.004m | €10 | ▼ 99.8% |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 29.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,847 | -€5,448 | -€72,630 | -€74,887 | -€61,646 | €4,176 | €2,939 | -€85,521 | - |
| + Depreciation and write-downs630 | €23,878 | €22,258 | €20,416 | - | €32,350 | €32,350 | €32,350 | €21,572 | ▼ 33.3% |
| Operating cash flow (approximation) | €17,031 | €16,810 | -€52,214 | -€74,887 | -€29,297 | €36,525 | €35,288 | -€63,949 | - |
| Investment in fixed assets (approximation) | - | -€1,163 | €35,868 | -€197,500 | -€301 | €0 | €0 | €0 | - |
| Change in cash | - | -€44,764 | €34,596 | -€29,461 | -€7,147 | -€6,748 | €211 | -€1,119 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00299027 |
| 31-12-2024 | abbreviated format | 18-06-2025 | 2025-00148350 |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00271851 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00231536 |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20221884 |
| 31-12-2020 | micro format | 02-02-2022 | 2022-04500259 |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37800510 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-43700302 |
| 31-12-2017 | micro format | 09-07-2018 | 2018-32200003 |
| 31-12-2016 | micro format | 25-07-2017 | 2017-37100064 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Katia Tassaert |
|
| Steven Mariën |
|
| Rudolf GEENS |
|
Owners and capital
Owners
1 ownerOwners 1
-
1%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 23-01-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-06
Gazette deed
Registered officeRegistered-office move · Director in office2 facts ▸
- Registered-office move, Oude Schrieksebaan 20 te 2820 Bonheiden
- Director in office, Mariën Steven (director)
23-01
Gazette deed
Resignations: Steven Mariën, Katia Tassaert and Rudolf GEENSReappointments: Steven Mariën (director) and Katia Tassaert (director) · Approval · Purpose change20 facts ▸
- Approval, “omstandige verantwoording voorgestelde wijziging voorwerp vennootschap, bijzonder verslag enige bestuurder” (deed in Dutch)
- Purpose change
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Net-asset statement, 30-09-2023
- Auditor report, 18-12-2023
- Accounting effect, 30-09-2023
- Capital conversion, “onbeschikbaar eigen vermogen” (deed in Dutch)
- Capital conversion, “alle eigen vermogensbestanddelen beschikbaar, volstort gedeelte vroegere kapitaal en wettelijke reserve sedert 2020-01-01 van rechtswege omgezet in statutair on…” (deed in Dutch)
- Director resignation, Steven Mariën (director)
- Director resignation, Katia Tassaert (director)
- Director resignation, Rudolf GEENS (director)
- Director discharge, Steven Mariën
- +8 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0446.746.366
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005C0107/00L003 | Flanders | 138 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DOWI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Befferstraat 14, 2800 Mechelen” (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
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, bestuursorgaan” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, bestuursbevoegdheid” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Wijziging bepalingen overdracht en overgang aandelen, oud artikel geschrapt en volledig vervangen door nieuw artikel zoals in nieuwe…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Eerst schuldeisers en kosten vereffening, ontbinding en vereffening” (deed in Dutch)