DWH
ActiveSummary
The annual accounts of DWH for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €192,254 and a net result of -€472,650. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 2202 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-30
Solvency26▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.89 against 1.73 in 2024; short-term debt: 52.9% and cash: 0.7% of total assets), but 98.5% of the assets are financed with debt.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2202 sector peers (2025).
NBB · sector comparisonPosition among 2202 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
46 d early
2023
1 d early
2022
26 d early
2021
46 d early
2020
48 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Knokke-Heist, Construction sector
Equity
€192,254▼ 71.1%
2024 · €664,904
Total assets
€13.1m▲ 207%
2024 · €4.3m
Net result
-€472,650
2024 · €204,423
Working capital
€6.2m▲ 243%
2024 · €1.8m
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
Line20212022202320242025
Operating result€426,664€472,765▲ 10.8%-€112,451€357,283-€181,501
Net result€326,850€315,840▼ 3.4%-€214,084€204,423-€472,650
Equity€358,726▲ 1,025%€674,565▲ 88.0%€460,482▼ 31.7%€664,904▲ 44.4%€192,254▼ 71.1%
Total assets€3.2m▲ 281%€2.0m▼ 38.7%€5.0m▲ 153%€4.3m▼ 15.1%€13.1m▲ 207%
Debt€2.9m▲ 252%€1.3m▼ 54.5%€4.6m▲ 248%€3.6m▼ 21.1%€12.9m▲ 259%
Working capital€2.7m▲ 318%€1.8m▼ 30.7%€4.0m▲ 120%€1.8m▼ 55.7%€6.2m▲ 243%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Equity -71%, Total assets +207% on 2024. Cause not known from the registers.
- 2023 Total assets +153% on 2022. Cause not known from the registers.
- 2022 Equity +88% on 2021. Cause not known from the registers.
- 2021 Equity +1,025%, Total assets +281% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €181,501 after €357,283 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.1m
Fixed assets
€10,076 ▼ 2.3%
Current assets
€13.1m ▲ 208%
Equity and liabilities €13.1m
Equity
€192,254 ▼ 71.1%
Debt
€12.9m ▲ 259%
Debt's share of the balance-sheet total rises from 84.4% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€181,267▼
2024 · €357,516
Cash flow
-€472,417▼
2024 · €204,656
Current ratio
1.89▲
2024 · 1.73
Quick ratio
0.01▲
2024 · 0.01
Debt to equity
67.17▲
2024 · 5.41
ROE
-245.8%▼
2024 · 30.7%
ROA
-3.6%▼
2024 · 4.8%
Interest coverage
-0.62▼
2024 · 2.34
Debt ≤ 1 year
€6.9m▲
2024 · €2.5m
Debt > 1 year
€6.0m▲
2024 · €1.1m
Staff costs
€40,719▼
2024 · €41,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37,537 | €44,258 | €41,182 | €40,719 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158 | €234 | €234 | €234 | €234 | = |
| Other operating charges640/8 | - | €904 | €980 | €1,844 | €83,351 | ▲ 4,420% |
| Gross operating margin9900 | €466,029 | €511,439 | -€66,979 | €400,543 | -€57,197 | ▼ 114% |
| Operating profit (loss)9901 | €426,664 | €472,765 | -€112,451 | €357,283 | -€181,501 | ▼ 151% |
| Financial income75/76B | - | €9,522 | €692 | €247 | - | - |
| Recurring financial income75 | €346 | €9,522 | €692 | €247 | - | - |
| Financial charges65/66B | - | €66,823 | €101,948 | €152,731 | €291,150 | ▲ 90.6% |
| Recurring financial charges65 | €26,355 | €66,823 | €101,948 | €152,731 | €291,150 | ▲ 90.6% |
| Profit (loss) for the period before taxes9903 | €400,656 | €415,463 | -€213,707 | €204,799 | -€472,650 | ▼ 331% |
| Income taxes67/77 | €73,806 | €99,623 | €377 | €377 | - | - |
| Profit (loss) for the period9904 | €326,850 | €315,840 | -€214,084 | €204,423 | -€472,650 | ▼ 331% |
| Profit (loss) for the period to be appropriated9905 | €326,850 | €315,840 | -€214,084 | €204,423 | -€472,650 | ▼ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €2.0m | €5.0m | €4.3m | €13.1m | ▲ 207% |
| Fixed assets21/28 | €1,010 | €777 | €543 | €10,309 | €10,076 | ▼ 2.3% |
| Tangible fixed assets22/27 | €1,010 | €777 | €543 | €309 | €76 | ▼ 75.6% |
| Plant, machinery and equipment23 | - | €777 | €543 | €309 | €76 | ▼ 75.6% |
| Financial fixed assets28 | - | - | - | €10,000 | €10,000 | = |
| Current assets29/58 | €3.2m | €2.0m | €5.0m | €4.3m | €13.1m | ▲ 208% |
| Stocks and contracts in progress3 | €3.0m | €843,080 | €4.9m | €4.2m | €13.0m | ▲ 208% |
| Stocks30/36 | - | €843,080 | €4.9m | €4.2m | €13.0m | ▲ 208% |
| Amounts receivable within one year40/41 | €27,272 | €977,056 | €158,081 | €3,720 | - | - |
| Trade receivables40 | - | €370,223 | €106,000 | - | - | - |
| Other amounts receivable41 | - | €606,833 | €52,081 | €3,720 | - | - |
| Cash at bank and in hand54/58 | €200,297 | €162,100 | €12,078 | €28,737 | €97,722 | ▲ 240% |
| Deferred charges and accrued income490/1 | - | €1,521 | €2,788 | €2,020 | €2,174 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €2.0m | €5.0m | €4.3m | €13.1m | ▲ 207% |
| Equity10/15 | €358,726 | €674,565 | €460,482 | €664,904 | €192,254 | ▼ 71.1% |
| Contributions10/11 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €233,726 | €549,565 | €335,482 | €539,904 | €67,254 | ▼ 87.5% |
| Distributable reserves133 | - | €549,565 | €335,482 | €539,904 | €67,254 | ▼ 87.5% |
| Profit (loss) carried forward14 | -€11,928 | - | - | - | - | - |
| Amounts payable17/49 | €2.9m | €1.3m | €4.6m | €3.6m | €12.9m | ▲ 259% |
| Amounts payable after more than one year17 | €2.3m | €1.2m | €3.6m | €1.1m | €6.0m | ▲ 425% |
| Financial debts170/4 | - | €1.2m | €3.6m | €1.1m | €6.0m | ▲ 425% |
| Amounts payable within one year42/48 | €580,053 | €144,414 | €979,254 | €2.5m | €6.9m | ▲ 182% |
| Financial debts43 | - | €83,389 | €132,000 | - | - | - |
| Credit institutions430/8 | - | €83,389 | €132,000 | - | - | - |
| Trade debts44 | €217,407 | €16,198 | €34,508 | €4,007 | €90,525 | ▲ 2,159% |
| Suppliers440/4 | - | €16,198 | €34,508 | €4,007 | €90,525 | ▲ 2,159% |
| Taxes, remuneration and social security45 | - | €30,398 | €9,776 | - | €3,048 | - |
| Taxes450/3 | - | €30,398 | €7,597 | - | - | - |
| Remuneration and social security454/9 | - | - | €2,179 | - | €3,048 | - |
| Other amounts payable47/48 | - | €14,430 | €802,970 | €2.5m | €6.8m | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €326,850 | €315,840 | -€214,084 | €204,423 | -€472,650 | ▼ 331% |
| + Depreciation and write-downs630 | €158 | €234 | €234 | €234 | €234 | = |
| Operating cash flow (approximation) | €327,008 | €316,073 | -€213,850 | €204,656 | -€472,417 | ▼ 331% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€10,000 | €0 | ▲ 100% |
| Change in cash | - | -€38,197 | -€150,022 | €16,659 | €68,985 | ▲ 314% |
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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet -€472,650
Net result drops to -€472,650, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €204,423
Net result €204,423 after one loss-making year.
30-06
Financial
Equity above €500,000Eq €664,904 ▲44.4%
Equity rises from €460,482 to €664,904.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 13.74
Current ratio from 5.58 to 13.74; short-term debt falls from €580,053 to €144,414.
30-06
Financial
Equity above €500,000Eq €674,565 ▲88%
2 profitable years in a row build equity to €674,565.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €326,850
Net result €326,850 after 2 loss-making years.
30-06
Financial
Equity above €200,000Eq €358,726 ▲1,025%
Equity rises from €31,876 to €358,726.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Knokke-Heist · 1 establishment unit since 2018
Ground area
1,706 m²
Building footprint
189 m²
Volume, LiDAR
1,145 m³
Parcel 31332F0756/00A000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DWH
since 20182.275.632.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0756/00A000 | Flanders | 1,706 m² | 1 · 189 m² | 9.8 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
L.I. CONSTRUCTION
BE 0879.240.167
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TRUE BUILDING
BE 0534.498.506
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OTTE-VEREYCKEN
BE 0808.184.895
Leuven · Eq €192,207
BAETENSCONSTRUCT
BE 0536.900.047
Dendermonde · Eq €192,124
NTH CONTRACTORS
BE 0761.882.540
Wemmel · Eq €192,432
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,183 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
Founded26-04-2018
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695494750
Also
9925:BE0695494750
Registered
16-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.