DWF ENGINEERING
ActiveSummary
DWF ENGINEERING has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246,826 and a net result of €73,583. Equity is growing by ~48.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 4.08 against 4.79 in 2024; short-term debt: 24.1% and cash: 82.7% of total assets), and 24.1% 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 · 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
75.9%
Return on assets
22.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 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 40 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
€246,826▲ 42.5%
2024 · €173,242
Total assets
€325,300▲ 48.5%
2024 · €218,995
Net result
€73,583▼ 22.8%
2024 · €95,291
Working capital
€241,734▲ 39.5%
2024 · €173,242
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€99,033-€123,755▲ 25.0%€92,055▼ 25.6%
Net result€76,951-€95,291▲ 23.8%€73,583▼ 22.8%
Equity€77,951-€173,242▲ 122%€246,826▲ 42.5%
Total assets€120,487-€218,995▲ 81.8%€325,300▲ 48.5%
Debt€42,536-€45,752▲ 7.6%€78,475▲ 71.5%
Working capital€79,099-€173,242▲ 119%€241,734▲ 39.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325,300
Fixed assets
€5,092
Current assets
€320,209
Equity and liabilities €325,300
Equity
€246,826 ▲ 42.5%
Debt
€78,475 ▲ 71.5%
Debt's share of the balance-sheet total rises from 20.9% to 24.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,304
Cash flow
€73,832
Current ratio
4.08▼
2024 · 4.79
Debt to equity
0.32▲
2024 · 0.26
ROE
29.8%▼
2024 · 55.0%
ROA
22.6%▼
2024 · 43.5%
Interest coverage
417.97
Debt ≤ 1 year
€78,475▲
2024 · €45,752
Income taxes
€21,221▼
2024 · €28,274
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,069 | - | €249 | - |
| Other operating charges640/8 | €1,879 | €1,872 | €2,386 | ▲ 27.5% |
| Gross operating margin9900 | €101,981 | €125,627 | €94,690 | ▼ 24.6% |
| Operating profit (loss)9901 | €99,033 | €123,755 | €92,055 | ▼ 25.6% |
| Financial income75/76B | €10 | €0 | €2,970 | ▲ 1,484,900% |
| Recurring financial income75 | €10 | €0 | €2,970 | ▲ 1,484,900% |
| Financial charges65/66B | €57 | €190 | €221 | ▲ 16.0% |
| Recurring financial charges65 | €57 | €190 | €221 | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | €98,986 | €123,565 | €94,804 | ▼ 23.3% |
| Income taxes67/77 | €22,035 | €28,274 | €21,221 | ▼ 24.9% |
| Profit (loss) for the period9904 | €76,951 | €95,291 | €73,583 | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €76,951 | €95,291 | €73,583 | ▼ 22.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €120,487 | €218,995 | €325,300 | ▲ 48.5% |
| Fixed assets21/28 | - | - | €5,092 | - |
| Tangible fixed assets22/27 | - | - | €5,092 | - |
| Land and buildings22 | - | - | €3,582 | - |
| Furniture and vehicles24 | - | - | €1,510 | - |
| Current assets29/58 | €120,487 | €218,995 | €320,209 | ▲ 46.2% |
| Amounts receivable within one year40/41 | €25,087 | €44,686 | €51,178 | ▲ 14.5% |
| Trade receivables40 | €25,087 | €44,686 | €50,997 | ▲ 14.1% |
| Other amounts receivable41 | - | - | €181 | - |
| Current investments50/53 | - | €100,000 | - | - |
| Cash at bank and in hand54/58 | €93,426 | €74,267 | €269,031 | ▲ 262% |
| Deferred charges and accrued income490/1 | €1,974 | €42 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €120,487 | €218,995 | €325,300 | ▲ 48.5% |
| Equity10/15 | €77,951 | €173,242 | €246,826 | ▲ 42.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €76,951 | €172,242 | €245,826 | ▲ 42.7% |
| Distributable reserves133 | €76,951 | €172,242 | €245,826 | ▲ 42.7% |
| Amounts payable17/49 | €42,536 | €45,752 | €78,475 | ▲ 71.5% |
| Amounts payable within one year42/48 | €41,388 | €45,752 | €78,475 | ▲ 71.5% |
| Trade debts44 | €1,749 | €4,319 | €6,315 | ▲ 46.2% |
| Suppliers440/4 | €1,749 | €4,319 | €6,315 | ▲ 46.2% |
| Taxes, remuneration and social security45 | €31,325 | €40,584 | €60,389 | ▲ 48.8% |
| Taxes450/3 | €31,325 | €40,584 | €60,389 | ▲ 48.8% |
| Other amounts payable47/48 | €8,314 | €849 | €11,771 | ▲ 1,287% |
| Accrued charges and deferred income492/3 | €1,148 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,951 | €95,291 | €73,583 | ▼ 22.8% |
| + Depreciation and write-downs630 | €1,069 | - | €249 | - |
| Operating cash flow (approximation) | €78,020 | €95,291 | €73,832 | ▼ 22.5% |
| Change in cash | - | -€19,160 | €194,764 | ▲ 1,117% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €73,583 ▼22.8%
Net result drops to €73,583, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €246,826 ▲42.5%
3 profitable years in a row build equity to €246,826.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2023net €95,291 ▲23.8%
Operating result €123,755, net result €95,291, both a record.
31-12
Financial
Equity above €150,000Eq €173,242 ▲122%
2 profitable years in a row build equity to €173,242.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jabbeke · 1 establishment unit since 2022
Ground area
995 m²
Building footprint
198 m²
Volume, LiDAR
1,048 m³
Parcel 31012A0827/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DWF ENGINEERING
since 20222.336.976.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012A0827/00F000 | Flanders | 995 m² | 1 · 198 m² | 8.2 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
BABYMOOV BENELUX
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COSMOSIRIS
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HANDELSONDERNEMING WINTERS
BE 0449.854.722
Pelt · Eq €244,572
MA-FRABEL Distributions
BE 0478.754.485
Wanze · Eq €244,325
Of 4,415 companies in sector 46180 we hold annual accounts for 1,885. 1,333 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
Founded14-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.