Equity
-€42,217
Debts exceed assets in financial year 2025.
DW DEVELOPMENT
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€772 (2025)
-€772▲ €9,319
lowest -€20,377 (2023)
-€15,658▲ €524
peak -€10,377 (2023)
-€42,217▼ €15,658
€321,362▲ 2.2%
Board2 names since 2022
1 director
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from -€10,091 to -€772Loss of €15,658Equity from -€26,559 to -€42,217Cash from €3,012 to €7,198
Key points
from the 2025 annual accountsLosses
-€52,217 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€321,362 115% of the balance sheet
After one year 96%Within one year 4%
Of this, €13,835 falls due within a year.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as DW DEVELOPMENT has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for DW DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 15-12-2022
- 180 sharesdeed of 19-12-2022
- 20 sharesdeed of 19-12-2022
Recent changes
Incorporation
Founding capital of €10,000 · Founders: and · 200 shares · Appointments: (director) and (director) · published on 19-12-2022 · Gazette deed
First establishment
Chaussée de Thuin 185, Charleroi
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DW DEVELOPMENT Charleroi | €279,145 | -€772 | -15.1% | - |
| BERTIN HOUSE Charleroi | €305,968 | -€11,713 | -8.3% | - |
| IMMO PROSPERITY Anderlues | €232,788 | -€55,294 | -17.5% | - |
| OPSolutions Waterloo | €280,155 | -€1,392 | 7.2% | - |
| DE MEULEN Wichelen | €287,841 | -€9,476 | 9.5% | - |
| BLACK ROCK Dilsen-Stokkem | €315,037 | -€8,683 | 8.8% | - |
| IMMO DRY Saint-Josse-ten-Noode | €321,222 | -€3,497 | -8.0% | - |
These companies have the same main activity as DW DEVELOPMENT: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €233,000 and €321,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 15-12-2022Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 3 others
- Establishment unit
- 2.342.150.7166032 Charleroi, since 15-12-2022
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- -€772▲ 92.4%
- €15,658▼ 3.2%
- -€42,217▼ 59.0%
- €279,145▼ 3.0%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on DW DEVELOPMENT
DW DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from -€9,793 in 2023 to -€772 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadline-€772
▲ €9,319
-€15,488
▲ €554
-€15,658
▲ €524
-€6,585
▼ €5,499
-15.1%
▼ 5.9 percentage points
0.52
▼ 0.21
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €279,145 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-15.1%
Higher than 11% of 17,199 companies in 2025.
0.52
Higher than 30% of 16,496 companies in 2025.
-5.6%
Higher than 15% of 16,875 companies in 2025.
DW DEVELOPMENT
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
279,145 | 287,828 | 302,887 | |
21/28 |
271,895 | 284,791 | 289,000 | |
22/27 |
271,895 | 284,791 | 289,000 | |
22 |
271,607 | 284,235 | 288,445 | |
24 |
288 | 555 | 555 | |
29/58 |
7,250 | 3,037 | 13,887 | |
40/41 |
- | - | 3,535 | |
40 |
- | - | 3,535 | |
54/58 |
7,198 | 3,012 | 10,327 | |
490/1 |
52 | 25 | 25 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
279,145 | 287,828 | 302,887 | |
10/15 |
-42,217 | -26,559 | -10,377 | |
10/11 |
10,000 | 10,000 | 10,000 | |
14 |
-52,217 | -36,559 | -20,377 | |
17/49 |
321,362 | 314,387 | 313,264 | |
17 |
305,707 | 310,264 | 310,264 | |
178/9 |
305,707 | 310,264 | 310,264 | |
42/48 |
13,835 | 4,123 | 3,000 | |
44 |
835 | 680 | - | |
440/4 |
835 | 680 | - | |
47/48 |
13,000 | 3,443 | 3,000 | |
492/3 |
1,820 | - | - | |
| Income statement | ||||
9900 |
-772 | -10,091 | -9,793 | |
630 |
12,896 | 4,209 | 8,818 | |
640/8 |
1,820 | 1,741 | 1,728 | |
9901 |
-15,488 | -16,042 | -20,340 | |
65/66B |
170 | 141 | 37 | |
65 |
170 | 141 | 37 | |
9903 |
-15,658 | -16,182 | -20,377 | |
9904 |
-15,658 | -16,182 | -20,377 | |
9905 |
-15,658 | -16,182 | -20,377 | |
| Appropriation of the result | ||||
9906 |
-52,217 | -36,559 | -20,377 | |
14P |
-36,559 | -20,377 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -2,592 | -11,832 | -11,522 | ||
| -2,762 | -11,973 | -11,559 | ||
| 0 | 0 | 297,819 | ||
| 4,187 | -7,315 | - | ||
| -6,585 | -1,086 | 10,887 | ||
| -15.1% | -9.2% | -3.4% | ||
| 0.52 | 0.74 | 4.63 | ||
| -5.6% | -5.6% | -6.7% | ||
| -15.23 | -84.21 | -309.89 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €297,819 |
| €12,896 | €4,209 | €8,818 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on DW DEVELOPMENT
The operating result for 2025 is a loss of €15,488, smaller than the loss of €16,042 in 2024.
Equity is negative. Debt (€321,362) exceeds the balance-sheet total (€279,145).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 15-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Conformément au dernier alinéa de l’article 2:55. CSA, si la personne morale est l’administrateur unique de la société, un représentant…”deed of 19-12-2022
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
-
- Director (not named in the articles), from 15-12-2022 to date
-
- Director (not named in the articles), from 15-12-2022, no longer listed in the 2025 annual accounts
Control
Founders
,
This company
DW DEVELOPMENT
Equity -€42,217
Loss €15,658 in 2025
Capital
- Contribution
- €10,000
- Shares
- 200
- Contribution per share
- €50
- Equity per share
- -€211 in 2025
- Source
- deed of 19-12-2022
Articles of association
deed of 19-12-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, assemblée qui nomme fixe nombre,durée mandat et en cas pluralité pouvoirs”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Valeur fixée par expert commun accord ou défaut Président Tribunal de l’Entreprise siège social statuant comme en référé, inopposabilité à…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of April at 14:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Après confirmation Tribunal de l'Entreprise compétent, si plusieurs”
Shareholders
At incorporation
deed of 19-12-2022 ↗
- 180 shares (90%) · €9,000
- 20 shares (10%) · €1,000
Capital transactions
Capital over time
- 19-12-2022 Incorporation · €10,000
- 19-12-2022 Incorporation · 200 shares
Network & group
No group
DW DEVELOPMENT has no parent and no holdings in its annual accounts. is the only director. DW DEVELOPMENT shares no director with another company.
At the same address
Chaussée de Thuin 185, 6032 Charleroi · 2 other companies| TECHNIQUES SPECIALES MARLAIRE
registered office since 07-01-2003 · founded in 2003 |
total assets €110,311 (2025) 0479.218.107 |
| TECHNIQUES SPECIALES MARDEG
establishment since 01-02-2010 · founded in 2010 |
total assets €61,577 (2025) 0822.769.539 |
Timeline
Timeline
5 events since 2022Filings
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 8 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 6 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 12 days before the deadline
2022
IncorporationFounding capital of €10,000 · Founders: and · 200 shares · Appointments: (director) and (director) · published on 19-12-20227 points ▸
- Founder,
- Founder,
- Founding capital, €10,000
- 200 shares
- Registered office clause, Chaussée de Thuin 185, 6032 Mont-sur-Marchienne
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 14 more points.
First establishment Chaussée de Thuin 185, Charleroi
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0794.812.258
- VAT number
- BE 0794.812.258
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of April at 14:00deed of 19-12-2022 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- DW DEVELOPMENT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-12-2022 (in French)
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201
Real estate activities main activity
68100
Real estate activities
68203
Real estate rental
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations immobilières, agricoles et forestières et notamment, la vente, l'achat, l'échange de terrains, bois, fonds de bois et…”deed of 19-12-2022 (in French)
14 activities
- Toutes opérations immobilières, agricoles et forestières et notamment, la vente, l'achat, l'échange de terrains, bois, fonds de bois et immeubles; leur prise en locations, leur mise à disposition de tiers en vertu de tous contrats à titre onéreux ou à titre gratuit, l'acquisition de leur jouissance, leur exploitation et leur mise en valeur sous quelques formes que ce soit, pour compte propre, le lotissement, la mise en copropriété, la division horizontale et verticale, la gestion, l'entretien, la réparation, la construction, la promotion, la restauration, la location et le financement de tous immeubles, l'acquisition et la vente de tous droits immobiliers et en général, tout ce qui se rattache aux domaines immobiliers ou forestiers, y compris l’hébergement touristique ainsi que la location de courte durée ;
- L’exportation, l’importation, la distribution, la commission, la consignation, le lancement et le courtage commercial de tous produits et services de toute nature compris dans le sens le plus large et de façon générale ;
- Toutes prestations de services et tous mandats, notamment sous forme d'études, d'organisation, d'expertises, de conseils, d'actes juridiques dans la gestion technique et industrielle, dans la gestion commerciale, mobilière ou immobilière dans les matières financières, économiques, administratives, commerciales et juridiques, notamment mais non exclusivement : gestion journalière de sociétés, analyses de marché, études économiques, juridiques et fiscales, analyses financières, organisation administrative et informatique, mise en place de structures financières, opération de restructuration, fusion et acquisition, politique d'investissement, l'organisation administrative et informatique. Toutes fonctions de consultance et/ou de service liées aux domaines précités ;
- La prise de participations, sous quelques formes que ce soit, dans des entreprises belges et étrangères, l’acquisition par achat, souscription ou de toute autre manière de valeurs mobilières de toutes espèces, la gestion et la mise en valeur de son portefeuille, la gestion et l’administration de sociétés et/ou leur liquidation ;
- Le financement, sous toutes formes, de toutes entreprises ou opérations de tiers au moyen de prêts et de crédits et en général de toutes opérations financières au sens large, sauf si elles sont réservées par la loi aux banques, sociétés de bourse ou organismes de crédits ;
- L'organisation, la coordination ou la promotion de conférences, réunions, séminaires, réceptions et plus généralement de tous événements, notamment mais non exclusivement culturel ou de lobbying ;
- La prestation de missions de maître de l'ouvrage délégué, d'assistant maître de l'ouvrage, d'asset management, de Project Development, de Project Management, de Facility Management et de Property Management ;
- La prestation de cours, formations et recyclage dans différents domaines et notamment techniques, financiers, juridiques, immobiliers, sportifs, culturels, sans que cette énumération soit exhaustive ;
- Tous travaux de bâtiment, intérieur et extérieur : construction et démolition.
- Toute mission et activité découlant de la décoration et de l’aménagement de l’intérieur ;
- Toutes activités relatives à la vente de produits quelconques sur internet et par correspondance ;
- La formation de personnes en tout domaine ;
- Des activités d’intermédiaire commercial ;
- L’organisation de manifestation en tout genre.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Thuin 185 registered office 6032 Charleroi | 15-12-2022 | 2.342.150.716 |
Buildings and parcels at the address
- Ground area
- 4,083 m²
- Buildings
- 320 m²
- Volume, LiDAR
- 3,707 m³
- Tallest building
- 14.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52352C0187/00S000 | 4,083 m² | 1 · 320 m² | 14.3 m · 4 |