Result
€32,953 €32,953
Back in profit in 2025, after a loss of €168,537 in 2024.
DW PROPERTIES
Lifetime
11 annual accounts with figures on one time axispeak €3.6m (2024)
€2.5m▼ 31.4%
lowest -€369,946 (2018)
€32,953▲ €201,490
peak €10.9m (2025)
€10.9m▲ 16.3%
€48.3m▲ 0.2%
peak 1 FTE (2017)
1 FTEunchanged
Board2 names since 2015
1 directorWAJSBROT Daphné
Documentsfilings and deeds
17-09-202648 days late
2025abbreviated format
Gross margin from €3.6m to €2.5mBack to profit: €32,953Merger: DW PROPERTIES takes over DWAK CONSTRUCT 07-11Merger proposal: DW PROPERTIES takes over DWAK CONSTRUCT SRL 19-09Equity from €9.4m to €10.9mInvestments €7.8m
Key points
from the 2025 annual accountsDebts
€48.3m 76% of the balance sheet
Financial debts 82%Suppliers 2%Taxes and wages 0%Other 16%
€30.0m of the debts are secured on the company's own assets. In 2021 that was €16.8m.
Filings
11 annual accounts since 2015
Eight of the last ten came late. The 2024 accounts came latest: 57 days after the end of the period.
At the same address
19 companies
Restructuring
3
3 restructurings since 2023. Latest: merger with DWAK CONSTRUCT.
Position in the sector
€10.9m
More equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
80
Excellent
Financially stronger than 43% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.4%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 0.9%▼ -0.2 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.7%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.6%▼ -1.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 48 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.67, cash €1.6m
lowers risk
Size: 1 FTE, total assets €63.8m
Figures for financial year 2025 (filed on 23-09-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 38% of them on solvency, 40% on liquidity, 23% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as DW PROPERTIES has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DW PROPERTIES itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for DW PROPERTIES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.67 (1.93 in 2024), above the usual 1.5. Short-term debt is 22.8% and cash 2.5% of total assets. However, 82.8% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
48 days late
2024
57 days late
2023
30 days late
2022
45 days late
2021
2 days early
2020
1 day early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
WD
WAJSBROT Daphné
Director, since 01-11-2015
Shares in 5 companies, including ARROM CONSTRUCT and CA - DO
Board & ownershipRecent changes
Merger: DW PROPERTIES takes over DWAK CONSTRUCT
General meeting of 28-10-2025 · Gazette deed
Merger proposal: DW PROPERTIES takes over DWAK CONSTRUCT SRL
The company holds all the shares of DWAK CONSTRUCT SRL · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0564809521
Merger: DW PROPERTIES takes over MALO
General meeting of 27-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DW PROPERTIES Uccle | €63.8m | €2.5m | 17.2% | 1 |
| Vander Elst Vastgoed Brussels | €41.3m | €3.5m | 25.2% | 2 |
| BIO-VERSNELLER Brussels | €28.8m | €5.3m | 9.6% | 1 |
| Compagnie Immobilière du Régent Uccle | €28.7m | €3.0m | -7.4% | 0 |
| CORYLUS Etterbeek | €42.8m | €2.7m | 28.6% | 0 |
| WH ARTS 20 Brussels | €27.6m | €2.0m | 18.0% | 2 |
| CHARIOT IMMOBILIER & ADMINISTRATION Brussels | €56.8m | €5.4m | 5.6% | - |
These companies have the same main activity as DW PROPERTIES: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €28m and €57m, founded between 2006 and 2015.
Official details
Source: KBO- Status
- Active since 16-10-2014Normal situation
- Registered office
- 21 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.235.773.0911180 Uccle, since 17-10-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 31-07-2025
Annual accounts 2025
- ≈ €3.2mestimated
- €63.8m▲ 2.7%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 17-09-2026
Companies linked to DW PROPERTIES
Subsidiaries and holdings
- DARC PROJECTS100%
- JCV PRODUCTIONS100%
- ARCHAROM50%
Insights on DW PROPERTIES
DW PROPERTIES files the abbreviated format. That format states no turnover. The gross margin rose from €94,929 in 2015 to €2.5m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DW PROPERTIES
- What is the company number of DW PROPERTIES?
- The company number of DW PROPERTIES is 0564.809.521. The VAT number is the same number with BE in front: BE 0564.809.521.
- Where is DW PROPERTIES based?
- The registered office is at Schilderachtige dreef 43, 1180 Uccle.Company details
- What does DW PROPERTIES do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of DW PROPERTIES?
- DW PROPERTIES is a private limited company (BV).
- When was DW PROPERTIES founded?
- DW PROPERTIES was founded on 16-10-2014.
- Is DW PROPERTIES still active?
- Yes, DW PROPERTIES is an active enterprise in the KBO register.
- How many employees does DW PROPERTIES have?
- DW PROPERTIES had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DW PROPERTIES fall under?
- In its 2025 annual accounts, DW PROPERTIES states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of DW PROPERTIES?
- The turnover in financial year 2025 is ≈ €3.2m. This figure is estimated from the gross margin of €2.5m and 40 comparable companies (NACE 681). It probably lies between €2.6m and €6.8m.
- Is DW PROPERTIES profitable?
- In financial year 2025, DW PROPERTIES made a profit of €32,953.
- Where can I find the annual accounts of DW PROPERTIES?
- DW PROPERTIES filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DW PROPERTIES due?
- DW PROPERTIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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