DW-TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of DW-TECHNICS is 1.5% (moderate). The 2024 annual accounts show equity of €44k and a net result of €-26k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 44% of 5893 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-63
Solvency61▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 1.53 in 2023; short-term debt: 50.4% and cash: 5.7% of total assets), and 64.2% 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.
+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
35.8%
Return on assets
-21%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-26k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
37 d early
2022
44 d early
2021
40 d early
2020
40 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€44k▼ 37.0%
2023 · €70k
2018: €41klowest in 7 years
2019: €57k▲ +36.6% vs 2018
2020: €91k▲ +59.8% vs 2019
2021: €110k▲ +22.0% vs 2020highest in 7 years
2022: €73k▼ -34.3% vs 2021
2023: €70k▼ -4.1% vs 2022
2024: €44k▼ -37.0% vs 2023
2018 → 2024
Total assets
€122k▼ 35.6%
2023 · €190k
2018: €72klowest in 7 years
2019: €84k▲ +17.7% vs 2018
2020: €145k▲ +72.1% vs 2019
2021: €207k▲ +42.8% vs 2020
2022: €208k▲ +0.5% vs 2021highest in 7 years
2023: €190k▼ -8.6% vs 2022
2024: €122k▼ -35.6% vs 2023
2018 → 2024
Net result
€-26k▼ 757%
2023 · €-3k
2018: €21k
2019: €15k▼ -29.3% vs 2018
2020: €34k▲ +123% vs 2019highest in 7 years
2021: €20k▼ -41.3% vs 2020
2022: €-38k▼ -290% vs 2021lowest in 7 years
2023: €-3k▲ +92.1% vs 2022
2024: €-26k▼ -757% vs 2023
2018 → 2024
Working capital
€15k▼ 63.8%
2023 · €42k
2018: €33k
2019: €45k▲ +37.0% vs 2018
2020: €76k▲ +70.6% vs 2019
2021: €84k▲ +10.1% vs 2020highest in 7 years
2022: €52k▼ -38.3% vs 2021
2023: €42k▼ -18.3% vs 2022
2024: €15k▼ -63.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€91k-€110k▲ 22.0%€73k▼ 34.3%€70k▼ 4.1%€44k▼ 37.0%
2020: €91k
2021: €110k▲ +22.0% vs 2020highest in 5 years
2022: €73k▼ -34.3% vs 2021
2023: €70k▼ -4.1% vs 2022
2024: €44k▼ -37.0% vs 2023lowest in 5 years
Operating result€43k-€27k▼ 38.7%€-32k€-7k▲ 78.6%€-19k▼ 186%
2020: €43khighest in 5 years
2021: €27k▼ -38.7% vs 2020
2022: €-32k▼ -219% vs 2021lowest in 5 years
2023: €-7k▲ +78.6% vs 2022
2024: €-19k▼ -186% vs 2023
Net result€34k-€20k▼ 41.3%€-38k€-3k▲ 92.1%€-26k▼ 757%
2020: €34khighest in 5 years
2021: €20k▼ -41.3% vs 2020
2022: €-38k▼ -290% vs 2021lowest in 5 years
2023: €-3k▲ +92.1% vs 2022
2024: €-26k▼ -757% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2024 against €7k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€45k ▼ 32.7%
Current assets
€77k ▼ 37.3%
Equity and liabilities €122k
Equity
€44k ▼ 37.0%
Debt
€79k ▼ 34.8%
Debt's share of the balance-sheet total rises from 63.4% to 64.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▼
2023 · €14k
Cash flow
€-5k▼
2023 · €17k
Current ratio
1.25▼
2023 · 1.53
Quick ratio
0.38▼
2023 · 0.66
Debt to equity
1.79▲
2023 · 1.73
ROE
-58.7%▼
2023 · -4.3%
ROA
-21.0%▼
2023 · -1.6%
Interest coverage
0.53▼
2023 · 6.88
Debt ≤ 1 year
€62k▼
2023 · €80k
Debt > 1 year
€17k▼
2023 · €40k
Income taxes
€5k▲
2023 · €-5k
Staff costs
€101k▼
2023 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€190k€122k▼
Fixed assets21/28€67k€45k▼
Tangible fixed assets22/27€66k€45k▼
Land and buildings22€26k€23k▼
Furniture and vehicles24€39k€22k▼
Financial fixed assets28€2k-
Current assets29/58€123k€77k▼
Stocks and contracts in progress3€70k€54k▼
Stocks30/36€62k€49k▼
Contracts in progress37€8k€5k▼
Amounts receivable within one year40/41€48k€15k▼
Trade receivables40€35k€14k▼
Other amounts receivable41€13k€308▼
Cash at bank and in hand54/58€4k€7k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€190k€122k▼
Equity10/15€70k€44k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€48k€22k▼
Amounts payable17/49€121k€79k▼
Amounts payable after more than one year17€40k€17k▼
Financial debts170/4€40k€17k▼
Amounts payable within one year42/48€80k€62k▼
Financial debts43€26k€23k▼
Credit institutions430/8€26k€23k▼
Trade debts44€29k€12k▼
Suppliers440/4€29k€12k▼
Taxes, remuneration and social security45€11k€16k▲
Remuneration and social security454/9€11k€16k▲
Other amounts payable47/48€14k€10k▼
Income statement
Code20232024
Remuneration, social security and pensions62€124k€101k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€138k€103k▼
Operating profit (loss)9901€-7k€-19k▼
Financial income75/76B€703€545▼
Recurring financial income75€703€545▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-8k€-21k▼
Income taxes67/77€-5k€5k▲
Profit (loss) for the period9904€-3k€-26k▼
Profit (loss) for the period to be appropriated9905€-3k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€22k▼
Profit (loss) brought forward from the previous period14P€51k€48k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €107k | €118k | €124k | €101k | ▼ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €17k | €19k | €20k | €20k | ▲ 0.4% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▼ 3.8% |
| Gross operating margin9900 | €139k | €152k | €107k | €138k | €103k | ▼ 25.4% |
| Operating profit (loss)9901 | €43k | €27k | €-32k | €-7k | €-19k | ▼ 186% |
| Financial income75/76B | - | €13 | €1k | €703 | €545 | ▼ 22.5% |
| Recurring financial income75 | €0 | €13 | €111 | €703 | €545 | ▼ 22.5% |
| Non-recurring financial income76B | - | - | €918 | - | - | - |
| Financial charges65/66B | - | €3k | €2k | €2k | €2k | ▲ 2.5% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €2k | ▲ 2.5% |
| Non-recurring financial charges66B | - | €2k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €37k | €23k | €-33k | €-8k | €-21k | ▼ 159% |
| Income taxes67/77 | €4k | €3k | €5k | €-5k | €5k | ▲ 200% |
| Profit (loss) for the period9904 | €34k | €20k | €-38k | €-3k | €-26k | ▼ 757% |
| Profit (loss) for the period to be appropriated9905 | €34k | €20k | €-38k | €-3k | €-26k | ▼ 757% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145k | €207k | €208k | €190k | €122k | ▼ 35.6% |
| Fixed assets21/28 | €44k | €89k | €87k | €67k | €45k | ▼ 32.7% |
| Tangible fixed assets22/27 | €44k | €87k | €85k | €66k | €45k | ▼ 31.0% |
| Land and buildings22 | - | - | €29k | €26k | €23k | ▼ 11.4% |
| Plant, machinery and equipment23 | - | €465 | - | - | - | - |
| Furniture and vehicles24 | - | €87k | €56k | €39k | €22k | ▼ 44.2% |
| Financial fixed assets28 | - | €2k | €2k | €2k | - | - |
| Current assets29/58 | €101k | €118k | €122k | €123k | €77k | ▼ 37.3% |
| Stocks and contracts in progress3 | €8k | €31k | €56k | €70k | €54k | ▼ 22.6% |
| Stocks30/36 | - | €24k | €49k | €62k | €49k | ▼ 21.3% |
| Contracts in progress37 | - | €8k | €8k | €8k | €5k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €36k | €58k | €49k | €48k | €15k | ▼ 69.2% |
| Trade receivables40 | - | €50k | €37k | €35k | €14k | ▼ 58.4% |
| Other amounts receivable41 | - | €8k | €12k | €13k | €308 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €57k | €29k | €16k | €4k | €7k | ▲ 76.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €1k | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145k | €207k | €208k | €190k | €122k | ▼ 35.6% |
| Equity10/15 | €91k | €110k | €73k | €70k | €44k | ▼ 37.0% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €69k | €88k | €51k | €48k | €22k | ▼ 54.1% |
| Amounts payable17/49 | €54k | €97k | €135k | €121k | €79k | ▼ 34.8% |
| Amounts payable after more than one year17 | €30k | €63k | €66k | €40k | €17k | ▼ 58.1% |
| Financial debts170/4 | - | €63k | €66k | €40k | €17k | ▼ 58.1% |
| Amounts payable within one year42/48 | €25k | €34k | €70k | €80k | €62k | ▼ 23.2% |
| Financial debts43 | - | €20k | €26k | €26k | €23k | ▼ 9.4% |
| Credit institutions430/8 | - | €20k | €26k | €26k | €23k | ▼ 9.4% |
| Trade debts44 | €8k | €5k | €31k | €29k | €12k | ▼ 58.9% |
| Suppliers440/4 | - | €5k | €31k | €29k | €12k | ▼ 58.9% |
| Taxes, remuneration and social security45 | - | €4k | €3k | €11k | €16k | ▲ 45.8% |
| Remuneration and social security454/9 | - | €4k | €3k | €11k | €16k | ▲ 45.8% |
| Other amounts payable47/48 | - | €5k | €10k | €14k | €10k | ▼ 27.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €20k | €-38k | €-3k | €-26k | ▼ 757% |
| + Depreciation and write-downs630 | €6k | €17k | €19k | €20k | €20k | ▲ 0.4% |
| Operating cash flow (approximation) | €40k | €37k | €-19k | €17k | €-5k | ▼ 131% |
| Investment in fixed assets (approximation) | - | €-62k | €-16k | €-1k | €2k | ▲ 261% |
| Change in cash | - | €-28k | €-13k | €-12k | €3k | ▲ 125% |
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
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €110k ▲22%
4 profitable years in a row build equity to €110k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €34k ▲123%
Operating result €43k, net result €34k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oostrozebeke · 1 establishment unit since 2018
Ground area
800 m²
Building footprint
102 m²
Volume, LiDAR
610 m³
Parcel 37010E0303/00B002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kalbergstraat 120, 8780 Oostrozebeke
since 20182.271.489.778
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010E0303/00B002 | Flanders | 800 m² | 1 · 101 m² | 10.6 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
CAPITAL CLEAN
BE 0821.093.221
Ukkel · Eq €43,863
OMNIUM CLEANING SERVICE
BE 0684.463.573
Brussel · Eq €43,958
LKM CONSTRUCT
BE 0788.637.615
Sint-Pieters-Leeuw · Eq €43,961
PIRVAN
BE 1019.336.673
Middelkerke · Eq €43,971
Rahovica
BE 0720.804.426
Andenne · Eq €43,733
Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 1,996 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
Founded06-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.