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DWB Projects

Active
Private limited companyfounded 2023active for 3 yearsHuisakkerstraat 1, 8750 Wingene, BelgiumKBO/BCE: BE 0803.685.481
Summary

DWB Projects has been active since 2023 and the Belgian Official 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 about 632% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
Size
€519,645total assets 2025
Equity
€135,962
Profit
€125,381
Turnover not published (micro format)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 30 days early0 of 1 deed read
Why 95raises risk1 of the last 3 latelowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.14, cash €144,589Size: total assets €519,645Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 71, micro)
Financial strength · tick = 2024
Strong
Solvency 51+23
equity 26.2% of total assets
Liquidity 70+32
short-term debt 33.6% · cash 27.8%
Profitability 99+28
return on assets 24.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,803 companies, NACE 71, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.2 percentage points vs 07-2025 09-2025: 0.5%▲ +0.2 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026highest value 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.14, compared with 0.51 in 2024, below the usual 1.5; short-term debt: 33.6% and cash: 27.8% of total assets), and 73.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 27% on solvency, 58% on liquidity, 74% on profitability and 99% on growth.

The bankruptcy probability was computed on 21-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Liquidity: current ratio 1.14, cash €144,589
NBB · annual accounts
lowers risk · Size: total assets €519,645
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
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 filings
Deviation from the deadline
2025
30 days early
2024
29 days late
2023
31 days 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 (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% 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 29 August (3 of the last 3 filed years within 59 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2023 to 2025net €125,381 ▲1,413%
  3. Liquidity more than doubledcurrent ratio 1.14

Financials · financial year 2025, micro format

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

2023 to 2025, 3 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€167,831 2025 Net result€125,381 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial 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 format does not require them.
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
2025 value · change against 2024
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€381,495€519,645▲
Fixed assets21/28€312,113€320,316▲
Tangible fixed assets22/27€312,113€320,316▲
Land and buildings22€305,798€313,221▲
Plant, machinery and equipment23€6,315€7,095▲
Current assets29/58€69,382€199,329▲
Amounts receivable within one year40/41€55,886€53,468▼
Trade receivables40€53,525€53,259▼
Other amounts receivable41€2,361€209▼
Cash at bank and in hand54/58€11,606€144,589▲
Deferred charges and accrued income490/1€1,889€1,271▼
Equity and liabilities
Total equity and liabilities10/49€381,495€519,645▲
Equity10/15€10,581€135,962▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€8,581€133,962▲
Amounts payable17/49€370,914€383,683▲
Amounts payable after more than one year17€235,440€209,280▼
Financial debts170/4€235,440€209,280▼
Amounts payable within one year42/48€135,474€174,403▲
Current portion of amounts payable after more than one year42€26,160€26,160=
Financial debts43€500€0▼
Credit institutions430/8€500€0▼
Trade debts44€5,168€3,170▼
Suppliers440/4€5,168€3,170▼
Advances received on contracts in progress46-€994
Taxes, remuneration and social security45€21,066€46,203▲
Taxes450/3€15,918€46,203▲
Remuneration and social security454/9€5,148€0▼
Other amounts payable47/48€82,580€97,876▲
Income statement Code20242025
Non-recurring operating income76A€3,325€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,204€12,431▼
Other operating charges640/8€582€1,102▲
Gross operating margin9900€50,766€181,363▲
Operating profit (loss)9901€11,980€167,831▲
Financial charges65/66B€1,594€7,531▲
Recurring financial charges65€1,594€7,531▲
Profit (loss) for the period before taxes9903€10,386€160,300▲
Income taxes67/77€2,099€34,920▲
Profit (loss) for the period9904€8,286€125,381▲
Profit (loss) for the period to be appropriated9905€8,286€125,381▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,581€133,962▲
Profit (loss) brought forward from the previous period14P€295€8,581▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
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%
Line202320242025Change
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%
Line202320242025Change
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-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 01-07-2026 2026-00238090
31-12-2024 micro format 29-08-2025 2025-00440536
31-12-2023 micro format 31-08-2024 2024-00428297

Similar companies · same sector, comparable size

Of the 11,512 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,711. 5,368 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

DWB Projects was incorporated on 6 July 2023 as a private limited company.1 Total assets rose from €73,854 in 2023 to €519,645 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Highest result from 2023 to 2025net €125,381 ▲1,413%
Operating result €167,831, net result €125,381, both a record.
31-12
Financial Liquidity more than doubledcurrent ratio 1.14
Current ratio from 0.51 to 1.14.
31-12
Financial Equity above €100,000equity €135,962 ▲1,185%
A profit in every financial year since 2023 builds equity to €135,962.
29-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 29 days late
2024
31-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded06-07-2023
Financial 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803685481
Also 9925:BE0803685481
Registered 06-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 22 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
5,008 m²
Building footprint
207 m²
Building volume
865 m³
Parcel 37018E1182/00D000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DWB Projects
Huisakkerstraat 1, 8750 WingeneEngineering and related technical consultancy, excluding land surveyors
since 2023unit no. 2.347.360.309
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
37018E1182/00D000 Flanders 5,008 m² 1 · 207 m² 6.5 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.