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DW Innovation

Active
Private limited companyfounded 2018active for 7 yearsSint-Pietersvliet 3, 2000 Antwerpen, Belgium26 active companies are registered at this addressKBO/BCE: BE 0713.974.042
Summary

The computed 12-month bankruptcy probability of DW Innovation is 6.0% (elevated). The 2024 annual accounts show equity of €2.4m and a net result of -€219,036. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 71% of 2,801 sector peers (NACE 62, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Computer programming
NACE 62100
2 sites
Size
€3.8mtotal assets 2024
Staff
8.4 FTE
Equity
€2.4m
Loss
-€219,036
Turnover not published (abbreviated format)
Financial health
35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.0%
Structure
Parent
Visma Belgium Holding · 100%
Holdings
2
Accounts 73 days overdue3 of 9 deeds read
Why 35raises riskFigures for financial year 2024 (filed 27-08-2025)1 change of registered office in 24 monthsLiquidity: current ratio 1.15, cash €18,629lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 29% of its sector peers (NACE 62, micro)
Financial strength · tick = 2023
Average
Solvency 90-10
equity 64.7% of total assets
Liquidity 35-13
short-term debt 35.3% · cash 0.5%
Profitability 11-61
return on assets -5.8%
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,854 companies, NACE 62, micro)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025 03-2025: 0.5%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.4%▲ +0.2 percentage points vs 02-2026 04-2026: 1.6%▲ +0.2 percentage points vs 03-2026 05-2026: 1.7%▲ +0.1 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 2.7%▲ +0.9 percentage points vs 07-2026 09-2026: 3.5%▲ +0.8 percentage points vs 08-2026 10-2026: 6.0%▲ +2.5 percentage points vs 09-2026highest value
Credit of up to €85,000 on 30-day terms, only on tighter conditions
Liquidity tight (current ratio 1.15, compared with 2.03 in 2023; short-term debt: 35.3% and cash: 0.5% of total assets), and 35.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 57% on solvency, 13% on liquidity, 13% on profitability and 32% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 27-08-2025)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 1.15, cash €18,629
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
26 days late
2023
on the day
2022
on the day
2021
44 days early
2020
9 days early
2019
56 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · RestructuringMerger · Asset distribution ·…
  2. Appointment: Figure-of-Eight (director)Permanent representative: An Maes ·…
  3. Amendment of the articles · RestructuringPermanent representative: Filip Van Vlem…

Key points

  • Caution: From profit to loss in 2024after €68,550 in 2023 -€219,036 View
  • Caution: Among the weakest 9% on net resultsector median €26,471 · 2,802 companies -€219,036 View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Caution: Board changedlatest change 01-06-2026 · 1 in office 1 joined · 1 left View
  • 2 restructurings in 2026latest: merger with CHANGERS 2 View
  • Controlled by Visma Belgium Holdingultimately: VISMA AS 100% View
  • Flemish supportawarded from 2022 to 2025 €735,916 View

By topic

Financials

Financial year
2024
Total assets
€3.8m
Loss
-€219,036
Solvency
64.7%
Total assets▲ 23.2%
Net result
20192024
Go to Financials

Network & group

Group
VISMA AS
Subsidiaries
2
Connected companies
1
Mergers and asset contributions
2

2 subsidiaries

Go to Network & group

Timeline

Events
15
Since
2020
  1. 26-08-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 31-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
28-11-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
8
Purpose
“Het creëren van een overkoepelende software in de vorm van een chatbot die veelvoorkomende…” (deed in Dutch)
Go to Articles of association

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