DW CONSTRUCTIONS
ActiveSummary
The computed 12-month bankruptcy probability of DW CONSTRUCTIONS is 2.4% (moderate). The 2024 annual accounts show equity of €37k and a net result of €4k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 39% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability47▲+47
Solvency62▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.61 in 2023; short-term debt: 63% and cash: 7.5% of total assets), but 63% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37%
Return on assets
4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
28 d late
2022
6 d early
2021
10 d late
2020
37 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 12.1%
2023 · €33k
2020: €23klowest in 5 years
2021: €29k▲ +24.9% vs 2020
2022: €58k▲ +101% vs 2021highest in 5 years
2023: €33k▼ -43.9% vs 2022
2024: €37k▲ +12.1% vs 2023
2020 → 2024
Total assets
€99k▲ 14.9%
2023 · €86k
2020: €29klowest in 5 years
2021: €67k▲ +135% vs 2020
2022: €69k▲ +1.9% vs 2021
2023: €86k▲ +25.3% vs 2022
2024: €99k▲ +14.9% vs 2023highest in 5 years
2020 → 2024
Net result
€4k
2023 · €-25k
2020: €21k
2021: €6k▼ -72.8% vs 2020
2022: €29k▲ +404% vs 2021highest in 5 years
2023: €-25k▼ -187% vs 2022lowest in 5 years
2024: €4k▲ +115% vs 2023
2020 → 2024
Working capital
€37k▲ 12.1%
2023 · €33k
2020: €23klowest in 5 years
2021: €29k▲ +24.9% vs 2020
2022: €58k▲ +101% vs 2021highest in 5 years
2023: €33k▼ -43.9% vs 2022
2024: €37k▲ +12.1% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€29k▲ 24.9%€58k▲ 101%€33k▼ 43.9%€37k▲ 12.1%
2020: €23klowest in 5 years
2021: €29k▲ +24.9% vs 2020
2022: €58k▲ +101% vs 2021highest in 5 years
2023: €33k▼ -43.9% vs 2022
2024: €37k▲ +12.1% vs 2023
Operating result€27k-€7k▼ 72.9%€37k▲ 415%€-26k€4k
2020: €27k
2021: €7k▼ -72.9% vs 2020
2022: €37k▲ +415% vs 2021highest in 5 years
2023: €-26k▼ -169% vs 2022lowest in 5 years
2024: €4k▲ +117% vs 2023
Net result€21k-€6k▼ 72.8%€29k▲ 404%€-25k€4k
2020: €21k
2021: €6k▼ -72.8% vs 2020
2022: €29k▲ +404% vs 2021highest in 5 years
2023: €-25k▼ -187% vs 2022lowest in 5 years
2024: €4k▲ +115% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €26k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €99k
Equity
€37k ▲ 12.1%
Debt
€62k ▲ 16.7%
Debt's share of the balance-sheet total rises from 62.0% to 63.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.59▼
2023 · 1.61
Debt to equity
1.70▲
2023 · 1.63
ROE
10.8%▲
2023 · -78.1%
ROA
4.0%▲
2023 · -29.7%
Debt ≤ 1 year
€62k▲
2023 · €53k
Staff costs
€4k▼
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€86k€99k▲
Current assets29/58€86k€99k▲
Amounts receivable within one year40/41€42k€91k▲
Trade receivables40€34k€91k▲
Other amounts receivable41€9k-
Cash at bank and in hand54/58€3k€7k▲
Deferred charges and accrued income490/1€41k€242▼
Equity and liabilities
Total equity and liabilities10/49€86k€99k▲
Equity10/15€33k€37k▲
Contributions10/11€2k€2k=
Reserves13€31k€35k▲
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Distributable reserves133€30k€34k▲
Amounts payable17/49€53k€62k▲
Amounts payable within one year42/48€53k€62k▲
Trade debts44€45k€61k▲
Suppliers440/4€45k€61k▲
Taxes, remuneration and social security45€8k€1k▼
Taxes450/3€8k€1k▼
Other amounts payable47/48-€230
Income statement
Code20232024
Remuneration, social security and pensions62€26k€4k▼
Other operating charges640/8€2k€118▼
Gross operating margin9900€3k€9k▲
Operating profit (loss)9901€-26k€4k▲
Financial income75/76B€245-
Recurring financial income75€245-
Financial charges65/66B€123€321▲
Recurring financial charges65€123€321▲
Profit (loss) for the period before taxes9903€-25k€4k▲
Profit (loss) for the period9904€-25k€4k▲
Profit (loss) for the period to be appropriated9905€-25k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€4k▲
Transfer from equity791/2€25k-
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €26k | €4k | ▼ 84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €720 | - | - | - | - | - |
| Other operating charges640/8 | - | €101 | €102 | €2k | €118 | ▼ 94.6% |
| Gross operating margin9900 | €27k | €7k | €37k | €3k | €9k | ▲ 184% |
| Operating profit (loss)9901 | €27k | €7k | €37k | €-26k | €4k | ▲ 117% |
| Financial income75/76B | - | €414 | €0 | €245 | - | - |
| Recurring financial income75 | - | €414 | €0 | €245 | - | - |
| Financial charges65/66B | - | €86 | €105 | €123 | €321 | ▲ 161% |
| Recurring financial charges65 | €6 | €86 | €105 | €123 | €321 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €27k | €8k | €37k | €-25k | €4k | ▲ 115% |
| Income taxes67/77 | €5k | €2k | €8k | - | - | - |
| Profit (loss) for the period9904 | €21k | €6k | €29k | €-25k | €4k | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €21k | €6k | €29k | €-25k | €4k | ▲ 115% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29k | €67k | €69k | €86k | €99k | ▲ 14.9% |
| Current assets29/58 | €29k | €67k | €69k | €86k | €99k | ▲ 14.9% |
| Amounts receivable within one year40/41 | €25k | €65k | €59k | €42k | €91k | ▲ 116% |
| Trade receivables40 | - | €39k | €57k | €34k | €91k | ▲ 171% |
| Other amounts receivable41 | - | €26k | €1k | €9k | - | - |
| Cash at bank and in hand54/58 | €3k | €2k | €10k | €3k | €7k | ▲ 131% |
| Deferred charges and accrued income490/1 | - | €431 | €13 | €41k | €242 | ▼ 99.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29k | €67k | €69k | €86k | €99k | ▲ 14.9% |
| Equity10/15 | €23k | €29k | €58k | €33k | €37k | ▲ 12.1% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Reserves13 | €21k | €27k | €56k | €31k | €35k | ▲ 12.9% |
| Non-distributable reserves130/1 | - | €200 | €200 | €200 | €200 | = |
| Reserves not available under the articles1311 | - | €200 | €200 | €200 | €200 | = |
| Distributable reserves133 | - | €27k | €56k | €30k | €34k | ▲ 12.9% |
| Amounts payable17/49 | €5k | €38k | €10k | €53k | €62k | ▲ 16.7% |
| Amounts payable within one year42/48 | €5k | €38k | €10k | €53k | €62k | ▲ 16.7% |
| Trade debts44 | - | €25k | - | €45k | €61k | ▲ 33.3% |
| Suppliers440/4 | - | €25k | - | €45k | €61k | ▲ 33.3% |
| Taxes, remuneration and social security45 | - | €14k | €10k | €8k | €1k | ▼ 82.0% |
| Taxes450/3 | - | €14k | €10k | €8k | €1k | ▼ 82.0% |
| Other amounts payable47/48 | - | - | €809 | - | €230 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €6k | €29k | €-25k | €4k | ▲ 115% |
| + Depreciation and write-downs630 | €720 | - | - | - | - | - |
| Operating cash flow (approximation) | €22k | €6k | €29k | €-25k | €4k | ▲ 115% |
| Change in cash | - | €-1k | €8k | €-7k | €4k | ▲ 162% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €29k ▲404%
Operating result €37k, net result €29k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 6.57
Current ratio from 1.76 to 6.57; short-term debt falls from €38k to €10k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2019
Ground area
4,682 m²
Building footprint
310 m²
Volume, LiDAR
1,958 m³
Parcel 11023K0007/05L002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DW CONSTRUCTIONS
since 20192.296.243.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/05L002 | Flanders | 4,682 m² | 1 · 310 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
Contact
E-mail
wesleydewinter1979@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.