Equity
€88,470 from €415,769 in 2018
Equity fell by 79% in 7 years.
DWC & PARTNERS
Lifetime
12 annual accounts with figures on one time axispeak €55,436 (2018)
-€2,175▲ €1,314
lowest -€5,856 (2017)
-€2,124▲ €444
peak €415,769 (2018)
€88,470▼ 72.4%
€230,424▲ 614×
peak 1 FTE (2017)
-not published
Board2 names since 2019
2 directorsCADUS and 1 other
Owners2 names in the annual accounts
50%CADUS and 1 other
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Gross margin from -€3,489 to -€2,175Loss of €2,124Registered office moved from Sint-Martens-Latem to Zottegem 01-04Dividend €230,000Equity from €320,594 to €88,470Debts from €375 to €230,424
Key points
from the 2025 annual accountsChecked score
64
Healthy
Financially stronger than 18% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 1.8%▲ +1.2 percentage points vs 04-2025
06-2025: 2.1%▲ +0.3 percentage points vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.3%▲ +0.2 percentage points vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.5%▲ +0.2 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.4%▼ -0.1 percentage points vs 02-2026
04-2026: 2.3%▼ -0.1 percentage points vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.6%▲ +0.3 percentage points vs 05-2026highest value
07-2026: 1.1%▼ -1.5 percentage points vs 06-2026
08-2026: 1.0%▼ -0.1 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.26, cash €97, halved
1 change of registered office in 24 months
lowers risk
Size: total assets €318,895
Figures for financial year 2025 (filed on 23-07-2026)
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 (no NACE code, micro). It does better than 32% of them on solvency, 9% on liquidity, 26% on profitability and 6% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 2,166 companies had the same profile as DWC & PARTNERS has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DWC & PARTNERS itself: 1.0% 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 2,166 companies, not a prediction for DWC & PARTNERS. 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 €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26, below the usual 1.5. Short-term debt is 72.3% and cash 0% of total assets. 72.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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 riskneutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
34 days early
2023
47 days early
2022
52 days early
2021
31 days early
2020
58 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 40 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HUNGRY HEARTS HOLDING consolidatesscore 91equity €231,652 (2025) · annual accounts 2025
- CADUS 50%equity €4.5m (2025) · 2025 annual accounts of CADUS
- HUNGRY HEARTS HOLDING 50%score 91equity €231,652 (2025) · annual accounts 2022
Shares in 1 company, School for butlers
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0534803065
Registered office moved from Sint-Martens-Latem to Zottegem
New registered office: Slachthuisstraat 1, 9620 Zottegem · Previous registered office: Kortrijksesteenweg 90F, 9830 SINT-MARTENS-LATEM · Board meeting of 19-02-2025 · Gazette deed
Registered office moved to Sint-Martens-Latem
New registered office: Kortrijksesteenweg 90F 9830 Sint-Martens-Latem · Reappointments: CADUS (director) and HUNGRY HEARTS HOLDING (director) · Permanent representatives: CASTELEIN Johan and DE WINTER Matthieu · General meeting of 17-06-2024 · Gazette deed
Incorporation
published on 10-06-2013 · Gazette deed
Official details
Source: KBO- Status
- Active since 30-05-2013Normal situation
- Activity
- “Het verwerven van participaties in eender welke vorm in alle bestaande of op te…” (deed in Dutch)From the articles, 16 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.219.693.4619830 Sint-Martens-Latem, since 30-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 10-09-2025
Annual accounts 2025
- €318,895▼ 0.6%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on DWC & PARTNERS
Solvency fell in 2025 from 99.9% to 27.7% because of the loss.
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 DWC & PARTNERS
- What is the company number of DWC & PARTNERS?
- The company number of DWC & PARTNERS is 0534.803.065. The VAT number is the same number with BE in front: BE 0534.803.065.
- Where is DWC & PARTNERS based?
- The registered office is at Slachthuisstraat 1, 9620 Zottegem.Company details
- What is the legal form of DWC & PARTNERS?
- DWC & PARTNERS is a public limited company (NV).
- When was DWC & PARTNERS founded?
- DWC & PARTNERS was founded on 30-05-2013.
- Is DWC & PARTNERS still active?
- Yes, DWC & PARTNERS is an active enterprise in the KBO register.
- How many employees does DWC & PARTNERS have?
- DWC & PARTNERS had an average of 0.2 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of DWC & PARTNERS?
- The annual accounts for financial year 2025 state no turnover.
- Is DWC & PARTNERS profitable?
- In financial year 2025, DWC & PARTNERS made a loss of €2,124.
- Where can I find the annual accounts of DWC & PARTNERS?
- DWC & PARTNERS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DWC & PARTNERS due?
- DWC & PARTNERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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