DWB Projects
ActiveSummary
DWB Projects has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,962 and a net result of €125,381. Equity is growing by ~631.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+28
Solvency51▲+23
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.51 in 2024; short-term debt: 33.6% and cash: 27.8% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
26.2%
Return on assets
24.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
29 d late
2023
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€135,962▲ 1,185%
2024 · €10,581
Total assets
€519,645▲ 36.2%
2024 · €381,495
Net result
€125,381▲ 1,413%
2024 · €8,286
Working capital
€24,926
2024 · -€66,092
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
Line202320242025
Operating result€438-€11,980▲ 2,632%€167,831▲ 1,301%
Net result€295-€8,286▲ 2,708%€125,381▲ 1,413%
Equity€2,295-€10,581▲ 361%€135,962▲ 1,185%
Total assets€73,854-€381,495▲ 417%€519,645▲ 36.2%
Debt€71,559-€370,914▲ 418%€383,683▲ 3.4%
Working capital-€3,972--€66,092▼ 1,564%€24,926
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 1,301% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519,645
Fixed assets
€320,316 ▲ 2.6%
Current assets
€199,329 ▲ 187%
Equity and liabilities €519,645
Equity
€135,962 ▲ 1,185%
Debt
€383,683 ▲ 3.4%
Debt's share of the balance-sheet total falls from 97.2% to 73.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180,261▲
2024 · €50,183
Cash flow
€137,811▲
2024 · €46,490
Current ratio
1.14▲
2024 · 0.51
Debt to equity
2.82▼
2024 · 35.05
ROE
92.2%▲
2024 · 78.3%
ROA
24.1%▲
2024 · 2.2%
Interest coverage
23.94▼
2024 · 31.48
Debt ≤ 1 year
€174,403▲
2024 · €135,474
Debt > 1 year
€209,280▼
2024 · €235,440
Income taxes
€34,920▲
2024 · €2,099
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,325 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94 | €38,204 | €12,431 | ▼ 67.5% |
| Other operating charges640/8 | €705 | €582 | €1,102 | ▲ 89.2% |
| Gross operating margin9900 | €1,238 | €50,766 | €181,363 | ▲ 257% |
| Operating profit (loss)9901 | €438 | €11,980 | €167,831 | ▲ 1,301% |
| Financial charges65/66B | €70 | €1,594 | €7,531 | ▲ 372% |
| Recurring financial charges65 | €70 | €1,594 | €7,531 | ▲ 372% |
| Profit (loss) for the period before taxes9903 | €369 | €10,386 | €160,300 | ▲ 1,443% |
| Income taxes67/77 | €74 | €2,099 | €34,920 | ▲ 1,563% |
| Profit (loss) for the period9904 | €295 | €8,286 | €125,381 | ▲ 1,413% |
| Profit (loss) for the period to be appropriated9905 | €295 | €8,286 | €125,381 | ▲ 1,413% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €73,854 | €381,495 | €519,645 | ▲ 36.2% |
| Fixed assets21/28 | €6,267 | €312,113 | €320,316 | ▲ 2.6% |
| Tangible fixed assets22/27 | €6,267 | €312,113 | €320,316 | ▲ 2.6% |
| Land and buildings22 | - | €305,798 | €313,221 | ▲ 2.4% |
| Plant, machinery and equipment23 | €6,267 | €6,315 | €7,095 | ▲ 12.3% |
| Current assets29/58 | €67,587 | €69,382 | €199,329 | ▲ 187% |
| Amounts receivable within one year40/41 | €1,079 | €55,886 | €53,468 | ▼ 4.3% |
| Trade receivables40 | €1,079 | €53,525 | €53,259 | ▼ 0.5% |
| Other amounts receivable41 | - | €2,361 | €209 | ▼ 91.2% |
| Cash at bank and in hand54/58 | €66,508 | €11,606 | €144,589 | ▲ 1,146% |
| Deferred charges and accrued income490/1 | - | €1,889 | €1,271 | ▼ 32.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €73,854 | €381,495 | €519,645 | ▲ 36.2% |
| Equity10/15 | €2,295 | €10,581 | €135,962 | ▲ 1,185% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €295 | €8,581 | €133,962 | ▲ 1,461% |
| Amounts payable17/49 | €71,559 | €370,914 | €383,683 | ▲ 3.4% |
| Amounts payable after more than one year17 | - | €235,440 | €209,280 | ▼ 11.1% |
| Financial debts170/4 | - | €235,440 | €209,280 | ▼ 11.1% |
| Amounts payable within one year42/48 | €71,559 | €135,474 | €174,403 | ▲ 28.7% |
| Current portion of amounts payable after more than one year42 | - | €26,160 | €26,160 | = |
| Financial debts43 | - | €500 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €500 | €0 | ▼ 100% |
| Trade debts44 | €8,727 | €5,168 | €3,170 | ▼ 38.7% |
| Suppliers440/4 | €8,727 | €5,168 | €3,170 | ▼ 38.7% |
| Advances received on contracts in progress46 | - | - | €994 | - |
| Taxes, remuneration and social security45 | €9,478 | €21,066 | €46,203 | ▲ 119% |
| Taxes450/3 | €9,478 | €15,918 | €46,203 | ▲ 190% |
| Remuneration and social security454/9 | - | €5,148 | €0 | ▼ 100% |
| Other amounts payable47/48 | €53,354 | €82,580 | €97,876 | ▲ 18.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €295 | €8,286 | €125,381 | ▲ 1,413% |
| + Depreciation and write-downs630 | €94 | €38,204 | €12,431 | ▼ 67.5% |
| Operating cash flow (approximation) | €389 | €46,490 | €137,811 | ▲ 196% |
| Investment in fixed assets (approximation) | - | -€344,050 | -€20,633 | ▲ 94.0% |
| Change in cash | - | -€54,902 | €132,983 | ▲ 342% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €125,381 ▲1,413%
Operating result €167,831, net result €125,381, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.51 to 1.14.
31-12
Financial
Equity above €100,000Eq €135,962 ▲1,185%
3 profitable years in a row build equity to €135,962.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 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, Wingene · 1 establishment unit since 2023
Ground area
5,008 m²
Building footprint
207 m²
Volume, LiDAR
865 m³
Parcel 37018E1182/00D000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DWB Projects
since 20232.347.360.309
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018E1182/00D000 | Flanders | 5,008 m² | 1 · 207 m² | 6.5 m · 1 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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,242 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
Founded06-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
55203Holiday cottages, homes and apartments
70200Business and other management consultancy
72109Other research and development on natural sciences
Scores and ratios are computed by Checked and are not a credit decision.