DW CONSTRUCT
ActiveDW CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310k and a net result of €-242k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency75▼-15
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.95 in 2024), but 62.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€242k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
1 d early
2022
14 d early
2021
31 d late
2020
30 d late
2019
82 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€310k▼ 43.8%
2024 · €552k
2018: €765k
2019: €786k
2020: €843k
2021: €842k
2022: €860k
2023: €605k
2024: €552k
2018 → 2025
Total assets
€835k▼ 30.0%
2024 · €1.19M
2018: €1.65M
2019: €1.50M
2020: €1.52M
2021: €1.65M
2022: €1.50M
2023: €1.69M
2024: €1.19M
2018 → 2025
Net result
€-242k▼ 357%
2024 · €-53k
2018: €39k
2019: €20k
2020: €58k
2021: €-1k
2022: €17k
2023: €141k
2024: €-53k
2018 → 2025
Working capital
€324k▼ 28.5%
2024 · €453k
2018: €215k
2019: €248k
2020: €358k
2021: €288k
2022: €334k
2023: €74k
2024: €453k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€842k-€860k▲ 2.1%€605k▼ 29.6%€552k▼ 8.8%€310k▼ 43.8%
Operating result€28k-€128k▲ 354%€225k▲ 76.3%€-27k€-227k▼ 754%
Net result€-1k-€17k€141k▲ 715%€-53k€-242k▼ 357%
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 stays negative: a loss of €227k in 2025 against €27k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €835k
Fixed assets
€103k▼ 60.8%
Current assets
€731k▼ 21.2%
Equity and liabilities €835k
Equity
€310k▼ 43.8%
Debt
€524k▼ 18.0%
The debt ratio rises from 53.7% to 62.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-151k▼
2024 · €36k
Cash flow
€-166k▼
2024 · €10k
Solvency
37.2%▼
2024 · 46.3%
Current ratio
1.79▼
2024 · 1.95
Quick ratio
1.79▼
2024 · 1.95
Debt / equity
1.69▲
2024 · 1.16
ROE
-78.0%▼
2024 · -9.6%
ROA
-29.0%▼
2024 · -4.4%
Interest coverage
-13.29▼
2024 · 1.22
Debt
€524k▼
2024 · €640k
Debt ≤ 1 year
€408k▼
2024 · €476k
Debt > 1 year
€117k▼
2024 · €164k
Income taxes
€4k▲
2024 · €575
Staff costs
€51k▼
2024 · €83k
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€1.19M€835k▼
Fixed assets21/28€263k€103k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€257k€97k▼
Land and buildings22€218k€70k▼
Plant, machinery and equipment23€27k€13k▼
Furniture and vehicles24€12k€14k▲
Financial fixed assets28€5k€5k=
Current assets29/58€929k€731k▼
Amounts receivable within one year40/41€68k€63k▼
Trade receivables40€54k€45k▼
Other amounts receivable41€15k€18k▲
Cash at bank and in hand54/58€858k€667k▼
Deferred charges and accrued income490/1€2k€912▼
Equity and liabilities
Total equity and liabilities10/49€1.19M€835k▼
Equity10/15€552k€310k▼
Revaluation surpluses12€294k€294k=
Reserves13€258k€258k=
Distributable reserves133€258k€258k=
Profit (loss) carried forward14-€-242k
Amounts payable17/49€640k€524k▼
Amounts payable after more than one year17€164k€117k▼
Financial debts170/4€164k€117k▼
Amounts payable within one year42/48€476k€408k▼
Current portion of amounts payable after more than one year42€62k€69k▲
Trade debts44€253k€3k▼
Suppliers440/4€253k€3k▼
Taxes, remuneration and social security45€61k€11k▼
Taxes450/3€61k€10k▼
Remuneration and social security454/9-€222
Other amounts payable47/48€100k€325k▲
Income statement
Code20242025
Non-recurring operating income76A€9k-
Remuneration, social security and pensions62€83k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€76k▲
Other operating charges640/8€46k€11k▼
Non-recurring operating charges66A€2k€30k▲
Gross operating margin9900€167k€-60k▼
Operating profit (loss)9901€-27k€-227k▼
Financial income75/76B€4k€632▼
Recurring financial income75€4k€632▼
Financial charges65/66B€30k€11k▼
Recurring financial charges65€30k€11k▼
Profit (loss) for the period before taxes9903€-52k€-238k▼
Income taxes67/77€575€4k▲
Profit (loss) for the period9904€-53k€-242k▼
Profit (loss) for the period to be appropriated9905€-53k€-242k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-242k▼
Transfer from equity791/2€53k-
The notes to these accounts (10 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-242k
Net result drops to €-242k, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €141k ▲715%
Operating result €225k, net result €141k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 125 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-02-2024
BECKERS Katrien: Resigned as Director
28-02-2024
WAUTERS David: Resigned as Director
Location & real-estate footprint
Registered office, Herk-de-Stad · 2 establishment units since 2007
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.
Sint-Truidersteenweg 393540 Herk-de-StadGround area
1,771 m²
Building footprint
528 m²
Volume, LiDAR
2,594 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
DW CONSTRUCT BVBA
since 20072.165.716.030
Sint-Truidersteenweg 39, 3540 Herk-de-Stad
since 20222.337.170.854
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020C0176/00C002 | Flanders | 1,119 m² | 1 · 230 m² | 8.1 m · 2 fl. |
| 71024C0052/00S003 | Flanders | 652 m² | 1 · 298 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Sven Verlent
BE 0847.527.503
Zoersel · Eq €310k
INREBOTT
BE 0730.975.370
Geel · Eq €310k
SCHRIJNWERKERIJ DE ZUTTER
BE 0462.716.922
Zedelgem · Eq €310k
METAALONTWERPEN TINEL
BE 0473.464.918
Gent · Eq €311k
ARGUNHAN
BE 0886.873.572
Fléron · Eq €310k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 6,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2007
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.