DW FACTORING
ActiveDW FACTORING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €-20k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-5
Solvency64▲+12
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.85 in 2024; short-term debt: 56.7% and cash: 4.7% of total assets), and 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
38.8%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
107 d late
2022
166 d late
2021
191 d late
2020
30 d late
2019
31 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€582k▲ 90.5%
2019 · €306k
2018: €205k
2019: €306k
2018 → 2020
EBIT margin
16.8%▲ 1.8pp
2019 · 15.0%
2018: 12.1%
2019: 15.0%
2018 → 2020
Net result
€-20k▼ 72.3%
2024 · €-12k
2018: €15k
2019: €29k
2020: €80k
2021: €-2k
2022: €-62
2023: €16k
2024: €-12k
2018 → 2025
Working capital
€-65k▼ 15.4%
2024 · €-56k
2018: €32k
2019: €64k
2020: €118k
2021: €-2k
2022: €-56k
2023: €-57k
2024: €-56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€142k=€158k▲ 11.0%€146k▼ 7.4%€126k▼ 13.7%
Operating result€-407-€1k€20k▲ 1,789%€-11k€-19k▼ 84.0%
Net result€-2k-€-62▲ 95.9%€16k€-12k€-20k▼ 72.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€205k▼ 7.9%
Current assets
€119k▼ 62.4%
Equity and liabilities €325k
Equity
€126k▼ 13.7%
Debt
€199k▼ 49.6%
The debt ratio falls from 73.0% to 61.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €14k
Cash flow
€7k▼
2024 · €13k
Solvency
38.8%▲
2024 · 27.0%
Current ratio
0.65▼
2024 · 0.85
Quick ratio
0.65▼
2024 · 0.85
Debt / equity
1.58▼
2024 · 2.70
ROE
-15.8%▼
2024 · -7.9%
ROA
-6.1%▼
2024 · -2.1%
Interest coverage
11.60▼
2024 · 13.42
Debt
€199k▼
2024 · €394k
Debt ≤ 1 year
€184k▼
2024 · €373k
Debt > 1 year
€14k▼
2024 · €21k
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€540k€325k▼
Fixed assets21/28€223k€205k▼
Tangible fixed assets22/27€143k€125k▼
Land and buildings22€115k€98k▼
Plant, machinery and equipment23€17k€18k▲
Furniture and vehicles24€11k€10k▼
Financial fixed assets28€80k€80k=
Current assets29/58€317k€119k▼
Amounts receivable within one year40/41€298k€104k▼
Trade receivables40€237k€46k▼
Other amounts receivable41€61k€58k▼
Cash at bank and in hand54/58€16k€15k▼
Deferred charges and accrued income490/1€3k€347▼
Equity and liabilities
Total equity and liabilities10/49€540k€325k▼
Equity10/15€146k€126k▼
Contributions10/11€20k€100k▲
Reserves13€42k€42k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€84k€-16k▼
Amounts payable17/49€394k€199k▼
Amounts payable after more than one year17€21k€14k▼
Financial debts170/4€21k€14k▼
Amounts payable within one year42/48€373k€184k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€25k€21k▼
Suppliers440/4€25k€21k▼
Advances received on contracts in progress46€155k-
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€180k€150k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€27k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A€5k€6k▲
Gross operating margin9900€27k€21k▼
Operating profit (loss)9901€-11k€-19k▼
Financial income75/76B€13€55▲
Recurring financial income75€13€55▲
Financial charges65/66B€1k€654▼
Recurring financial charges65€1k€654▼
Profit (loss) for the period before taxes9903€-12k€-20k▼
Profit (loss) for the period9904€-12k€-20k▼
Profit (loss) for the period to be appropriated9905€-12k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€-16k▼
Profit (loss) brought forward from the previous period14P€96k€4k▼
The notes to these accounts (7 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
08-09
State Gazette act
Merger · Accounting effectMerger · Accounting effect · Shareholding11 facts ▸
State Gazette act
Merger · Accounting effect
Merger · Accounting effect · Shareholding11 facts ▸
- Merger, absorption
- Merger, absorption
- Merger, absorption
- Merger, absorption
- Accounting effect, 2026-08-01
- Shareholding, 100 actions (100%)
- Shareholding, 40 actions (100%)
- Shareholding, 20 actions (100%)
- Shareholding, 20 actions (100%)
- Shareholding, 40 actions (100%)
- Fiscal regime, exonération/immunisation (principe de neutralité) – CIR arts. 210-212; CDE arts. 117 & 120 al.3; TVA arts. 11 & 18 §3
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 166 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €158k ▲11%
Equity rises from €142k to €158k.
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 191 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €80k ▲174%
Operating result €98k, net result €80k, both a record.
31-12
Financial
Equity above €100kEq €144k ▲125%
3 profitable years in a row build equity to €144k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sambreville · 1 establishment unit since 2019
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.
Rue des Glaces Nationales(AUV) 1695060 Sambreville1 establishment unit
DW Production
since 20192.298.409.951
Structure & network
Similar companies · same sector, comparable size
DULISO
BE 0712.617.428
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GOOSEBUMPS
BE 0783.646.865
Bocholt · Eq €122k
VRIJEVORM
BE 0806.839.664
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Rolling Risers
BE 0834.614.922
Evergem · Eq €119k
Glenn Verbesselt
BE 0693.813.086
Opwijk · Eq €134k
Of 671 companies in sector 90392 we hold annual accounts for 206. 165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-10-2017
Fiscal year end31-12
Activities, NACEBEL
90022Arts creation and performing arts activities
90392Design and construction of stages and sets
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.