DW projects
ActiveSummary
DW projects has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376k and a net result of €11k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 19.35 against 10.94 in 2024; short-term debt: 4.3% and cash: 26.4% of total assets), and 4.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.7%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
47 d late
2023
26 d late
2022
14 d late
2021
32 d early
2020
17 d early
2019
1 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€376k▲ 2.9%
2024 · €365k
Total assets
€393k▼ 0.4%
2024 · €394k
Net result
€11k▲ 4.2%
2024 · €10k
Working capital
€307k▲ 6.3%
2024 · €289k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31k▼ 5.2%€21k▼ 32.3%€53k▲ 157%€15k▼ 71.0%€17k▲ 12.8%
Net result€28k▲ 158%€11k▼ 58.8%€35k▲ 210%€10k▼ 70.9%€11k▲ 4.2%
Equity€309k▲ 9.8%€320k▲ 3.7%€355k▲ 11.0%€365k▲ 2.9%€376k▲ 2.9%
Total assets€331k▲ 10.3%€331k▼ 0.2%€393k▲ 18.8%€394k▲ 0.3%€393k▼ 0.4%
Debt€23k▲ 17.3%€11k▼ 52.4%€38k▲ 251%€29k▼ 23.6%€17k▼ 42.4%
Working capital€203k▲ 24.4%€228k▲ 12.1%€271k▲ 19.1%€289k▲ 6.5%€307k▲ 6.3%
Staff (FTE)3.8▲ 11.8%3.1▼ 18.4%4▲ 29.0%3.8▼ 5.0%3.8=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393k
Fixed assets
€69k ▼ 10.0%
Current assets
€324k ▲ 1.9%
Equity and liabilities €393k
Equity
€376k ▲ 2.9%
Debt
€17k ▼ 42.4%
Debt's share of the balance-sheet total falls from 7.4% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €26k
Cash flow
€19k▼
2024 · €21k
Current ratio
19.35▲
2024 · 10.94
Quick ratio
13.48▲
2024 · 7.50
Debt to equity
0.04▼
2024 · 0.08
ROE
2.8%▲
2024 · 2.8%
ROA
2.7%▲
2024 · 2.6%
Interest coverage
318.52▲
2024 · 102.91
Debt ≤ 1 year
€17k▼
2024 · €29k
Income taxes
€9k▲
2024 · €6k
Staff costs
€256k▲
2024 · €249k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €162k | €187k | €238k | €249k | €256k | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €11k | €10k | €9k | ▼ 17.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 22.2% |
| Non-recurring operating charges66A | - | - | - | €465 | - | - |
| Gross operating margin9900 | €209k | €224k | €304k | €278k | €285k | ▲ 2.6% |
| Operating profit (loss)9901 | €31k | €21k | €53k | €15k | €17k | ▲ 12.8% |
| Financial income75/76B | €319 | €252 | €562 | €546 | €2k | ▲ 269% |
| Recurring financial income75 | €319 | €252 | €562 | €546 | €2k | ▲ 269% |
| Financial charges65/66B | €581 | €704 | €299 | €252 | €82 | ▼ 67.5% |
| Recurring financial charges65 | €581 | €704 | €299 | €252 | €82 | ▼ 67.5% |
| Profit (loss) for the period before taxes9903 | €30k | €20k | €54k | €16k | €19k | ▲ 22.9% |
| Income taxes67/77 | €3k | €9k | €18k | €6k | €9k | ▲ 57.4% |
| Profit (loss) for the period9904 | €28k | €11k | €35k | €10k | €11k | ▲ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €28k | €11k | €35k | €10k | €11k | ▲ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331k | €331k | €393k | €394k | €393k | ▼ 0.4% |
| Fixed assets21/28 | €105k | €92k | €84k | €77k | €69k | ▼ 10.0% |
| Tangible fixed assets22/27 | €104k | €90k | €81k | €76k | €68k | ▼ 10.3% |
| Land and buildings22 | €100k | €90k | €80k | €71k | €64k | ▼ 9.7% |
| Plant, machinery and equipment23 | €4k | €364 | €1k | €5k | €4k | ▼ 19.7% |
| Financial fixed assets28 | €1k | €2k | €2k | €391 | €560 | ▲ 43.2% |
| Current assets29/58 | €226k | €239k | €309k | €318k | €324k | ▲ 1.9% |
| Amounts receivable after more than one year29 | €25k | €25k | €25k | €25k | €25k | = |
| Other amounts receivable291 | €25k | €25k | €25k | €25k | €25k | = |
| Stocks and contracts in progress3 | €13k | €52k | €33k | €100k | €98k | ▼ 1.7% |
| Stocks30/36 | €13k | €31k | €21k | €32k | €36k | ▲ 11.7% |
| Contracts in progress37 | - | €21k | €13k | €68k | €62k | ▼ 8.1% |
| Amounts receivable within one year40/41 | €12k | €72k | €41k | €67k | €40k | ▼ 39.7% |
| Trade receivables40 | €3k | €66k | €41k | €63k | €37k | ▼ 41.2% |
| Other amounts receivable41 | €9k | €6k | - | €4k | €3k | ▼ 12.8% |
| Current investments50/53 | - | - | - | €75k | €50k | ▼ 33.3% |
| Cash at bank and in hand54/58 | €170k | €84k | €203k | €45k | €104k | ▲ 132% |
| Deferred charges and accrued income490/1 | €6k | €5k | €7k | €7k | €7k | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331k | €331k | €393k | €394k | €393k | ▼ 0.4% |
| Equity10/15 | €309k | €320k | €355k | €365k | €376k | ▲ 2.9% |
| Contributions10/11 | €115k | €115k | €115k | €115k | €115k | = |
| Reserves13 | €193k | €205k | €240k | €250k | €261k | ▲ 4.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €192k | €203k | €240k | €250k | €261k | ▲ 4.3% |
| Amounts payable17/49 | €23k | €11k | €38k | €29k | €17k | ▼ 42.4% |
| Amounts payable within one year42/48 | €23k | €11k | €38k | €29k | €17k | ▼ 42.4% |
| Trade debts44 | €19k | €7k | €26k | €10k | €13k | ▲ 23.0% |
| Suppliers440/4 | €19k | €7k | €26k | €10k | €13k | ▲ 23.0% |
| Taxes, remuneration and social security45 | €3k | €1k | €9k | €15k | €1k | ▼ 93.1% |
| Taxes450/3 | €3k | €1k | €9k | €15k | €1k | ▼ 93.1% |
| Other amounts payable47/48 | €911 | €3k | €4k | €3k | €3k | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €11k | €35k | €10k | €11k | ▲ 4.2% |
| + Depreciation and write-downs630 | €14k | €14k | €11k | €10k | €9k | ▼ 17.7% |
| Operating cash flow (approximation) | €41k | €25k | €46k | €21k | €19k | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | €-310 | €-2k | €-3k | €-944 | ▲ 69.9% |
| Change in cash | - | €-85k | €119k | €-159k | €59k | ▲ 137% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet €10k ▼70.9%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 22.02
Current ratio from 9.93 to 22.02; short-term debt falls from €23k to €11k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Kontich · 1 establishment unit since 2007
Ground area
2,153 m²
Building footprint
202 m²
Volume, LiDAR
1,197 m³
Parcel 11602C0041/00E003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DW projects
since 20072.162.551.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0041/00E003 | Flanders | 2,153 m² | 1 · 202 m² | 9.5 m · 2 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.
Similar companies · same sector, comparable size
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BUILD ALL CONCEPT
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,050 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
Founded08-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.