DW MANAGEMENT
ActiveSummary
DW MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€4,039) and a net result of €27,320. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 9871 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 9871 sector peers (2024).
NBB · sector comparisonPosition among 9871 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
20 d late
2022
9 d early
2021
4 d early
2020
115 d late
2019
1 d early
← 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 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€4,039▲ 87.1%
2023 · -€31,359
Net result
€27,320
2023 · -€240,239
Total assets
€244,407▲ 1.0%
2023 · €241,874
Solvency
-1.7%▲ 11.3pp
2023 · -13.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€177,452▲ 11.9%€171,261▼ 3.5%€112,061▼ 34.6%€72,504▼ 35.3%€72,504=
Operating result€27,099▲ 34.0%€30,829▲ 13.8%-€19,902€26,683€41,463▲ 55.4%
Net result€15,662within the sector's middle half▲ 43.5%€19,106within the sector's middle half▲ 22.0%-€20,917below the sector's middle half-€240,239below the sector's middle half▼ 1,049%€27,320within the sector's middle half
Equity€210,690within the sector's middle half▲ 8.0%€229,796below the sector's middle half▲ 9.1%€208,880within the sector's middle half▼ 9.1%-€31,359below the sector's middle half-€4,039below the sector's middle half▲ 87.1%
Total assets€558,374within the sector's middle half▲ 106%€559,114below the sector's middle half▲ 0.1%€547,638below the sector's middle half▼ 2.1%€241,874within the sector's middle half▼ 55.8%€244,407within the sector's middle half▲ 1.0%
Debt€278,694▲ 3,778%€260,328▼ 6.6%€269,768▲ 3.6%€204,243▼ 24.3%€179,456▼ 12.1%
Working capital-€226,216below the sector's middle half-€210,058within the sector's middle half▲ 7.1%-€228,809below the sector's middle half▼ 8.9%€36,972within the sector's middle half€63,877within the sector's middle half▲ 72.8%
Solvency37.7%within the sector's middle half▼ 34.2pp41.1%within the sector's middle half▲ 3.4pp38.1%within the sector's middle half▼ 3.0pp-13.0%below the sector's middle half▼ 51.1pp-1.7%below the sector's middle half▲ 11.3pp
Current ratio0.19below the sector's middle half▼ 21.140.19below the sector's middle half=0.15below the sector's middle half▼ 0.041.18within the sector's middle half▲ 1.031.36within the sector's middle half▲ 0.17
Return on assets (ROA)2.8%within the sector's middle half▼ 1.2pp3.4%within the sector's middle half▲ 0.6pp-3.8%below the sector's middle half▼ 7.2pp-99.3%below the sector's middle half▼ 95.5pp11.2%within the sector's middle half▲ 110.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -1,049% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244,407
Fixed assets
€1,074 ▲ 63.0%
Current assets
€243,333 ▲ 0.9%
Key figures and ratios
Debt ≤ 1 year
€179,456▼
2023 · €204,243
Income taxes
€12,746▲
2023 · €7,515
Staff costs
€54
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €177,452 | €171,261 | €112,061 | €72,504 | €72,504 | = |
| Goods, raw materials, services and sundry goods60/61 | - | €138,200 | €129,349 | €43,093 | €29,537 | ▼ 31.5% |
| Remuneration, social security and pensions62 | - | - | - | - | €54 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €471 | €1,664 | €2,165 | €2,165 | €873 | ▼ 59.7% |
| Other operating charges640/8 | - | €568 | €450 | €563 | €577 | ▲ 2.5% |
| Gross operating margin9900 | €27,981 | €33,061 | -€17,287 | €29,411 | €42,967 | ▲ 46.1% |
| Operating profit (loss)9901 | €27,099 | €30,829 | -€19,902 | €26,683 | €41,463 | ▲ 55.4% |
| Financial income75/76B | - | - | - | €120 | - | - |
| Recurring financial income75 | €0 | - | - | €120 | - | - |
| Financial charges65/66B | - | €2,855 | €2,355 | €259,527 | €1,397 | ▼ 99.5% |
| Recurring financial charges65 | €2,385 | €2,855 | €2,355 | €1,875 | €1,397 | ▼ 25.5% |
| Non-recurring financial charges66B | - | - | - | €257,652 | - | - |
| Profit (loss) for the period before taxes9903 | €27,134 | €27,974 | -€22,257 | -€232,724 | €40,066 | ▲ 117% |
| Income taxes67/77 | €11,471 | €8,868 | -€1,340 | €7,515 | €12,746 | ▲ 69.6% |
| Profit (loss) for the period9904 | €15,662 | €19,106 | -€20,917 | -€240,239 | €27,320 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €15,662 | €19,106 | -€20,917 | -€240,239 | €27,320 | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €558,374 | €559,114 | €547,638 | €241,874 | €244,407 | ▲ 1.0% |
| Fixed assets21/28 | €505,896 | €508,844 | €506,679 | €659 | €1,074 | ▲ 63.0% |
| Tangible fixed assets22/27 | €2,040 | €4,988 | €2,823 | €659 | €1,074 | ▲ 63.0% |
| Plant, machinery and equipment23 | - | €3,576 | €2,039 | €502 | €1,074 | ▲ 114% |
| Furniture and vehicles24 | - | €1,412 | €785 | €157 | - | - |
| Financial fixed assets28 | €503,856 | €503,856 | €503,856 | - | - | - |
| Current assets29/58 | €52,478 | €50,270 | €40,959 | €241,215 | €243,333 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €25,829 | €22,155 | €8,729 | €4,078 | - | - |
| Other amounts receivable41 | - | €22,155 | €8,729 | €4,078 | - | - |
| Cash at bank and in hand54/58 | €26,649 | €28,115 | €32,230 | €237,137 | €243,333 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €558,374 | €559,114 | €547,638 | €241,874 | €244,407 | ▲ 1.0% |
| Equity10/15 | €210,690 | €229,796 | €208,880 | -€31,359 | -€4,039 | ▲ 87.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | - | €10,000 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €8,600 | - | - | - | - |
| Reserves13 | €56,260 | €74,260 | €74,260 | €74,260 | €74,260 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €72,400 | €74,260 | €74,260 | €74,260 | = |
| Profit (loss) carried forward14 | €144,430 | €145,536 | €124,620 | -€115,619 | -€88,299 | ▲ 23.6% |
| Provisions and deferred taxes16 | €68,990 | €68,990 | €68,990 | €68,990 | €68,990 | = |
| Provisions for liabilities and charges160/5 | - | €68,990 | €68,990 | €68,990 | €68,990 | = |
| Pensions and similar obligations160 | - | €68,990 | €68,990 | €68,990 | €68,990 | = |
| Amounts payable17/49 | €278,694 | €260,328 | €269,768 | €204,243 | €179,456 | ▼ 12.1% |
| Amounts payable within one year42/48 | €278,694 | €260,328 | €269,768 | €204,243 | €179,456 | ▼ 12.1% |
| Trade debts44 | €5,293 | €7,308 | €129 | €131 | €136 | ▲ 3.8% |
| Suppliers440/4 | - | €7,308 | €129 | €131 | €136 | ▲ 3.8% |
| Taxes, remuneration and social security45 | - | €12,839 | €9,123 | €257 | €1,471 | ▲ 472% |
| Taxes450/3 | - | €12,839 | €9,123 | €257 | €1,471 | ▲ 472% |
| Other amounts payable47/48 | - | €240,181 | €260,516 | €203,855 | €177,849 | ▼ 12.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,662 | €19,106 | -€20,917 | -€240,239 | €27,320 | ▲ 111% |
| + Depreciation and write-downs630 | €471 | €1,664 | €2,165 | €2,165 | €873 | ▼ 59.7% |
| Operating cash flow (approximation) | €16,133 | €20,770 | -€18,751 | -€238,074 | €28,193 | ▲ 112% |
| Investment in fixed assets (approximation) | - | -€4,612 | €0 | €503,855 | -€1,288 | ▼ 100% |
| Change in cash | - | €1,466 | €4,115 | €204,907 | €6,196 | ▼ 97.0% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €27,320
Net result €27,320 after 2 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€240,239
Net result drops to -€240,239, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 1.18
Current ratio from 0.15 to 1.18; short-term debt falls from €269,768 to €204,243.
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 115 days late
2020
31-12
Financial
Equity above €200,000Eq €210,690 ▲8%
3 profitable years in a row build equity to €210,690.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 21.32
Current ratio from 6.64 to 21.32; short-term debt falls from €23,956 to €7,186.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
Show earlier events
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Boechout · 1 establishment unit since 2004
Ground area
5,673 m²
Building footprint
454 m²
Volume, LiDAR
3,760 m³
Parcel 11004D0381/00T000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DW MANAGEMENT
since 20042.137.996.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0381/00T000 | Flanders | 5,673 m² | 1 · 454 m² | 12.1 m · 3 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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,534 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
Founded12-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.