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DW Cefaly Holding

Active
Private limited companyfounded 2019active for 7 yearsBoulevard de Patience et Beaujonc 3, 4000 Liège, Belgium47 active companies are registered at this addressKBO/BCE: BE 0725.837.241
Summary

The computed 12-month bankruptcy probability of DW Cefaly Holding is 3.3% (moderate). The 2024 annual accounts show equity of €29.2m and a net result of -€127,162. Equity remains stable across the filed financial years (±0.5% per year). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Overview

Activity
“La prise de participations sous quelque forme que ce soit, dans toutes sociétés ou…” (deed in French)
From the articles, 13 activitiesNo NACE code in the KBO yet1 site
Size
€29.9mtotal assets 2024
Equity
€29.2m
Loss
-€127,162
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.3%
Structure
Parent
DW Luxco Company S.à.r.l.
Board
4 members
Holdings
1
Auditor: Baker Tilly Audit, Comptabilité, ConseilAccounts 84 days overdue6 of 13 deeds read
Why 50raises riskLiquidity: current ratio 0.04, cash €4,196Figures for financial year 2024 (filed 10-10-2025)1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 latelowers riskSize: total assets €29.9mShow the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 39% of its sector peers (no NACE code, medium-sized)
Financial strength · tick = 2023
Average
Solvency 100=
equity 97.8% of total assets
Liquidity 50=
short-term debt 1.3% · cash 0.0%
Profitability 18-19
return on assets -0.4%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 23.0%highest value 12-2024: 22.8%▼ -0.2 percentage points vs 11-2024 01-2025: 22.8%● unchanged vs 12-2024 02-2025: 22.8%● unchanged vs 01-2025 03-2025: 6.7%▼ -16.1 percentage points vs 02-2025 04-2025: 6.6%▼ -0.1 percentage points vs 03-2025 05-2025: 6.8%▲ +0.2 percentage points vs 04-2025 06-2025: 7.4%▲ +0.6 percentage points vs 05-2025 07-2025: 7.2%▼ -0.2 percentage points vs 06-2025 08-2025: 7.6%▲ +0.4 percentage points vs 07-2025 09-2025: 8.7%▲ +1.1 percentage points vs 08-2025 10-2025: 13.3%▲ +4.6 percentage points vs 09-2025 11-2025: 3.6%▼ -9.7 percentage points vs 10-2025 12-2025: 3.6%● unchanged vs 11-2025 01-2026: 3.6%● unchanged vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.5%▼ -0.1 percentage points vs 02-2026 04-2026: 3.1%▼ -0.4 percentage points vs 03-2026lowest value 05-2026: 3.2%▲ +0.1 percentage points vs 04-2026 06-2026: 3.5%▲ +0.3 percentage points vs 05-2026 07-2026: 3.6%▲ +0.1 percentage points vs 06-2026 08-2026: 4.3%▲ +0.7 percentage points vs 07-2026 09-2026: 4.9%▲ +0.6 percentage points vs 08-2026 10-2026: 3.3%▼ -1.6 percentage points vs 09-2026
Credit of up to €1,450,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity insufficient (current ratio 0.04, compared with 0.05 in 2023, below 1; short-term debt: 1.3% and cash: 0% of total assets), and 2.2% of the assets are financed with debt and provisions.
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 (no NACE code, medium-sized): better than 74% on solvency, 38% on liquidity, 10% on profitability and 33% on growth.

The bankruptcy probability was computed on 22-10-2026 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

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €29.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.04, cash €4,196
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 10-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 84 days later.
NBB · 5 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline23-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
70 days late
2023
194 days late
2022
560 days late
2021
925 days late
2020
1290 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 608 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Late accounts filingStrikeout withdrawn
  1. Reappointment: Baker Tilly Audit, Comptabilité, Conseil…Gazette deed
  2. Appointments: Luke Christopher Duster (director) and…Auditor report · Kind of…
  3. Resignation: Jennifer Trainor McDermott (administrateur conjoint)Appointment: Andrew Page (administrateur conjoint)

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2024 -€127,162 View
  • Caution: Accounts not fileddeadline was 31-07-2026 84 days late View
  • Board changedlatest change 27-03-2026 · 4 in office 3 joined · 1 left View
  • Controlled by DW Luxco Company S.à.r.l.the company in turn controls 1 companies parent View

By topic

Financials

Financial year
2024
Total assets
€29.9m
Loss
-€127,162
Solvency
97.8%
Total assets=
Net result
20202024
Go to Financials

Board & ownership

Board
4 members
Parent
DW Luxco Company S.à.r.l.
Auditor
Baker Tilly Audit, Comptabilité…
  • Cameron McDavidDirector
  • Andrew PageDirector
  • Brenda Pei-Lin YangDirector
  • Luke Christopher DusterDirector
Go to Board & ownership

Timeline

Events
13
Since
2024
  1. 09-10-2025Annual accounts filed
  2. 19-03-2025Resignation: Robert Wilkins (administrateur de classe a)
  3. 21-02-2025Strikeout withdrawn
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
29-04-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Annual meeting
Second Friday of June at 16:00
Purpose
“La prise de participations sous quelque forme que ce soit, dans toutes sociétés ou…” (deed in French)
Go to Articles of association

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