DW-TRONICS
ActiveSummary
The computed 12-month bankruptcy probability of DW-TRONICS is 1.6% (moderate). The 2024 annual accounts show equity of €27k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 73% of 36375 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
Profitability5▼-95
Solvency92▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.51 in 2023; short-term debt: 32.5% and cash: 96.6% of total assets), and 32.5% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
67.5%
Return on assets
-11.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
32 d late
2021
52 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▼ 14.2%
2023 · €31k
2019: €25k
2020: €27k▲ +11.7% vs 2019
2021: €18k▼ -34.9% vs 2020
2022: €18k▼ -0.5% vs 2021lowest in 6 years
2023: €31k▲ +77.3% vs 2022highest in 6 years
2024: €27k▼ -14.2% vs 2023
2019 → 2024
Total assets
€40k▼ 21.1%
2023 · €51k
2019: €62khighest in 6 years
2020: €41k▼ -33.8% vs 2019
2021: €22k▼ -46.6% vs 2020lowest in 6 years
2022: €27k▲ +22.9% vs 2021
2023: €51k▲ +88.5% vs 2022
2024: €40k▼ -21.1% vs 2023
2019 → 2024
Net result
€-4k
2023 · €14k
2019: €18khighest in 6 years
2020: €3k▼ -84.3% vs 2019
2021: €-10k▼ -432% vs 2020lowest in 6 years
2022: €-88▲ +99.1% vs 2021
2023: €14k▲ +15663% vs 2022
2024: €-4k▼ -132% vs 2023
2019 → 2024
Working capital
€26k▼ 10.7%
2023 · €29k
2019: €20k
2020: €26k▲ +31.9% vs 2019
2021: €16k▼ -38.5% vs 2020
2022: €15k▼ -5.1% vs 2021lowest in 6 years
2023: €29k▲ +93.1% vs 2022highest in 6 years
2024: €26k▼ -10.7% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€18k▼ 34.9%€18k▼ 0.5%€31k▲ 77.3%€27k▼ 14.2%
2020: €27k
2021: €18k▼ -34.9% vs 2020
2022: €18k▼ -0.5% vs 2021lowest in 5 years
2023: €31k▲ +77.3% vs 2022highest in 5 years
2024: €27k▼ -14.2% vs 2023
Operating result€4k-€-9k€-16▲ 99.8%€16k€-4k
2020: €4k
2021: €-9k▼ -321% vs 2020lowest in 5 years
2022: €-16▲ +99.8% vs 2021
2023: €16k▲ +100191% vs 2022highest in 5 years
2024: €-4k▼ -128% vs 2023
Net result€3k-€-10k€-88▲ 99.1%€14k€-4k
2020: €3k
2021: €-10k▼ -432% vs 2020lowest in 5 years
2022: €-88▲ +99.1% vs 2021
2023: €14k▲ +15663% vs 2022highest in 5 years
2024: €-4k▼ -132% 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 turns negative in 2024: a loss of €4k after €16k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€920 ▼ 59.4%
Current assets
€39k ▼ 19.3%
Equity and liabilities €40k
Equity
€27k ▼ 14.2%
Debt
€13k ▼ 32.5%
Debt's share of the balance-sheet total falls from 38.0% to 32.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2023 · €18k
Cash flow
€-3k▼
2023 · €15k
Current ratio
3.00▲
2023 · 2.51
Debt to equity
0.48▼
2023 · 0.61
ROE
-16.5%▼
2023 · 43.6%
ROA
-11.1%▼
2023 · 27.0%
Interest coverage
-66.38▼
2023 · 419.64
Debt ≤ 1 year
€13k▼
2023 · €19k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€51k€40k▼
Fixed assets21/28€2k€920▼
Tangible fixed assets22/27€2k€920▼
Plant, machinery and equipment23€1k€412▼
Furniture and vehicles24€949€508▼
Current assets29/58€49k€39k▼
Amounts receivable within one year40/41€13k€438▼
Trade receivables40€13k-
Other amounts receivable41€441€438▼
Cash at bank and in hand54/58€35k€39k▲
Equity and liabilities
Total equity and liabilities10/49€51k€40k▼
Equity10/15€31k€27k▼
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Reserves13€25k€25k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14-€-4k
Amounts payable17/49€19k€13k▼
Amounts payable within one year42/48€19k€13k▼
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48€7k€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€761€956▲
Gross operating margin9900€19k€-2k▼
Operating profit (loss)9901€16k€-4k▼
Financial income75/76B€0€18▲
Recurring financial income75€0€18▲
Financial charges65/66B€42€46▲
Recurring financial charges65€42€46▲
Profit (loss) for the period before taxes9903€16k€-4k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€14k€-4k▼
Profit (loss) for the period to be appropriated9905€14k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-4k▼
Profit (loss) brought forward from the previous period14P€-10k-
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €1k | €2k | €1k | ▼ 19.8% |
| Other operating charges640/8 | - | €737 | €757 | €761 | €956 | ▲ 25.6% |
| Gross operating margin9900 | €8k | €-7k | €2k | €19k | €-2k | ▼ 111% |
| Operating profit (loss)9901 | €4k | €-9k | €-16 | €16k | €-4k | ▼ 128% |
| Financial income75/76B | - | €61 | - | €0 | €18 | ▲ 4,889% |
| Recurring financial income75 | - | €61 | - | €0 | €18 | ▲ 4,889% |
| Non-recurring financial income76B | - | €61 | - | - | - | - |
| Financial charges65/66B | - | €124 | €72 | €42 | €46 | ▲ 9.8% |
| Recurring financial charges65 | €68 | €124 | €72 | €42 | €46 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €4k | €-10k | €-88 | €16k | €-4k | ▼ 128% |
| Income taxes67/77 | €1k | - | - | €2k | - | - |
| Profit (loss) for the period9904 | €3k | €-10k | €-88 | €14k | €-4k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-10k | €-88 | €14k | €-4k | ▼ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41k | €22k | €27k | €51k | €40k | ▼ 21.1% |
| Fixed assets21/28 | €1k | €2k | €3k | €2k | €920 | ▼ 59.4% |
| Tangible fixed assets22/27 | €1k | €2k | €3k | €2k | €920 | ▼ 59.4% |
| Plant, machinery and equipment23 | - | €1k | €2k | €1k | €412 | ▼ 68.7% |
| Furniture and vehicles24 | - | €800 | €400 | €949 | €508 | ▼ 46.4% |
| Current assets29/58 | €40k | €20k | €24k | €49k | €39k | ▼ 19.3% |
| Amounts receivable within one year40/41 | €10k | €2k | €5k | €13k | €438 | ▼ 96.7% |
| Trade receivables40 | - | €1k | €717 | €13k | - | - |
| Other amounts receivable41 | - | €670 | €4k | €441 | €438 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €30k | €17k | €20k | €35k | €39k | ▲ 9.4% |
| Deferred charges and accrued income490/1 | - | €721 | €221 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41k | €22k | €27k | €51k | €40k | ▼ 21.1% |
| Equity10/15 | €27k | €18k | €18k | €31k | €27k | ▼ 14.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | €6k | €6k | - | - |
| Other1109/19 | - | €6k | €6k | €6k | - | - |
| Reserves13 | €21k | €21k | €21k | €25k | €25k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €19k | €19k | €23k | €23k | = |
| Profit (loss) carried forward14 | - | €-10k | €-10k | - | €-4k | - |
| Amounts payable17/49 | €14k | €4k | €9k | €19k | €13k | ▼ 32.5% |
| Amounts payable within one year42/48 | €14k | €4k | €9k | €19k | €13k | ▼ 32.5% |
| Trade debts44 | €2k | €260 | €2k | €10k | €3k | ▼ 66.0% |
| Suppliers440/4 | - | €260 | €2k | €10k | €3k | ▼ 66.0% |
| Taxes, remuneration and social security45 | - | €3k | - | €2k | €2k | = |
| Taxes450/3 | - | €3k | - | €2k | €2k | = |
| Other amounts payable47/48 | - | €361 | €7k | €7k | €7k | ▲ 0.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-10k | €-88 | €14k | €-4k | ▼ 132% |
| + Depreciation and write-downs630 | €3k | €2k | €1k | €2k | €1k | ▼ 19.8% |
| Operating cash flow (approximation) | €6k | €-7k | €1k | €15k | €-3k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-12k | €2k | €16k | €3k | ▼ 79.1% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
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, Deinze · 1 establishment unit since 2018
Ground area
8,957 m²
Building footprint
539 m²
Volume, LiDAR
2,856 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
E & S ALLROUND SOLUTIONS
since 20182.278.534.948
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A1107/00B000 | Flanders | 8,357 m² | 1 · 359 m² | 9.4 m · 2 fl. |
| 44054A0043/00C000 | Flanders | 600 m² | 1 · 180 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 191 EUR awarded · 190 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 191 EUR | 190 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,220 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
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.