DW DOORS
ActiveSummary
The computed 12-month bankruptcy probability of DW DOORS is 2.9% (moderate). The annual accounts of DW DOORS for fiscal year 2025 show a net loss of 79% of total assets and of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €10k and a net result of €-12k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 76% of 27786 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-96
Solvency97▲+6
Growth32▼-13
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.51 against 2.22 in 2024; short-term debt: 28.5% and cash: 23.1% of total assets), and 28.5% of the assets are financed with debt.
Credit advice 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
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
71.5%
Return on assets
-79%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 6 filingsDeviation from the deadline
2025
46 d late
2024
28 d late
2023
9 d late
2022
24 d late
2021
22 d late
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2024 · €39k
2020: €40k
2021: €55k
2022: €60k
2023: €67k
2024: €39k
2020 → 2025
EBIT margin
23.8%▲ 21.0pp
2023 · 2.7%
2020: 60.3%
2021: 3.5%
2022: -3.2%
2023: 2.7%
2020 → 2024
Net result
€-12k
2024 · €7k
2020: €21k
2021: €1k
2022: €-3k
2023: €1k
2024: €7k
2020 → 2025
Working capital
€10k▼ 24.4%
2024 · €14k
2020: €-11k
2021: €-2k
2022: €3k
2023: €12k
2024: €14k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€55k-€60k▲ 9.2%€67k▲ 12.6%€39k▼ 42.4%€0▼ 100%
Equity€17k-€14k▼ 17.3%€15k▲ 8.7%€22k▲ 45.8%€10k▼ 52.5%
Operating result€2k-€-2k€2k€9k▲ 400%€-11k
Net result€1k-€-3k€1k€7k▲ 471%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15k
Equity
€10k ▼ 52.5%
Debt
€4k ▼ 63.3%
Debt's share of the balance-sheet total falls from 34.0% to 28.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €19k
Cash flow
€-3k▼
2024 · €16k
Current ratio
3.51▲
2024 · 2.22
Debt to equity
0.40▼
2024 · 0.52
ROE
-110.4%▼
2024 · 31.4%
ROA
-79.0%▼
2024 · 20.7%
Interest coverage
-73.11▼
2024 · 111.34
Debt ≤ 1 year
€4k▼
2024 · €11k
Income taxes
€102▼
2024 · €2k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33k€15k▼
Fixed assets21/28€8k-
Tangible fixed assets22/27€8k-
Plant, machinery and equipment23€839-
Furniture and vehicles24€7k-
Current assets29/58€25k€15k▼
Amounts receivable within one year40/41€19k€11k▼
Other amounts receivable41€19k€11k▼
Cash at bank and in hand54/58€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€33k€15k▼
Equity10/15€22k€10k▼
Contributions10/11€5k€5k=
Reserves13€17k€5k▼
Distributable reserves133€17k€5k▼
Amounts payable17/49€11k€4k▼
Amounts payable within one year42/48€11k€4k▼
Trade debts44€8k€1k▼
Suppliers440/4€8k€1k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Income statement
Code20242025
Turnover70€39k€0▼
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€24k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€114€520▲
Gross operating margin9900€19k€-3k▼
Operating profit (loss)9901€9k€-11k▼
Financial charges65/66B€166€44▼
Recurring financial charges65€166€44▼
Profit (loss) for the period before taxes9903€9k€-11k▼
Income taxes67/77€2k€102▼
Profit (loss) for the period9904€7k€-12k▼
Profit (loss) for the period to be appropriated9905€7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (5 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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
04-09
State Gazette act
Resignation: VANGEEL Michael (director)Appointment: MICHIELS Dylan Jozef Maria (non-statutory director) · Director discharge · Mandate compensation8 facts ▸
State Gazette act
Resignation: VANGEEL Michael (director)
Appointment: MICHIELS Dylan Jozef Maria (non-statutory director) · Director discharge · Mandate compensation8 facts ▸
- General meeting, 01-09-2026
- Director resignation, VANGEEL Michael (director)
- Director discharge, VANGEEL Michael
- Director appointment, MICHIELS Dylan Jozef Maria (non-statutory director)
- Mandate compensation, MICHIELS Dylan Jozef Maria
- Name change, DW DOORS
- Purpose change, algemene bouwinstallatie; overige installaties (inclusief accessoires), n.e.g.; isolatiewerkzaamheden; andere reinigingswerken; gevelreiniging door middel van z…
- Registered-office move, Radiumstraat 19, 2250 Olen
2025
31-12
Financial
Weakest financial yearnet €-12k ▼267%
Net result drops to €-12k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.99
Current ratio from 3.68 to 8.99.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 3.68
Current ratio from 0.82 to 3.68; short-term debt falls from €10k to €1k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
MICHIELS Dylan Jozef Maria
CurrentNon-statutory director · since 01-09-2026
01-09-2026
MICHIELS Dylan Jozef Maria: Appointed as Non-statutory director
01-09-2026
VANGEEL Michael: Resigned as Director
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 2020
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.
Radiumstraat 192250 OlenGround area
1,400 m²
Building footprint
208 m²
Volume, LiDAR
1,155 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DW DOORS
since 20202.303.435.244
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0270/00F000 | Flanders | 703 m² | 1 · 123 m² | 8.6 m · 2 fl. |
| 13029C0048/00S012 | Flanders | 697 m² | 1 · 84 m² | 7.3 m · 2 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
LIFTSERVICE
BE 0501.717.058
Turnhout · Eq €10,420
SAPORINI
BE 0767.365.812
Olne · Eq €10,429
Build en Clean
BE 1019.954.010
Koksijde · Eq €10,356
Bolleire Sven
BE 0793.506.025
Izegem · Eq €10,301
J & R CONCEPTS
BE 0789.279.102
Antwerpen · Eq €10,275
Of 4,097 companies in sector 43240 we hold annual accounts for 1,632. 917 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Legal name NL
KARWEIWERKEN MVG
Activities, NACEBEL 2025
43240Other construction installation
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:michael_vangeel@hotmail.com