DWH Construct
Open bankruptcyA bankruptcy procedure is open for DWH Construct according to publications in the Belgian State Gazette; curator: ELKE AERTS.
Summary
The 2021 annual accounts show equity of €7k and a net result of €-6k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€7k▼ 42.9%
2020 · €13k
Total assets
€297k▼ 24.4%
2020 · €393k
Net result
€-6k
2020 · €3k
Working capital
€-13k▼ 97.5%
2020 · €-7k
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
Line2018201920202021
Operating result€14k-€9k▼ 35.3%€12k▲ 33.7%€9k▼ 26.1%
Net result€-5k-€-3k▲ 53.0%€3k€-6k
Equity€12k-€10k▼ 20.7%€13k▲ 32.6%€7k▼ 42.9%
Total assets€378k-€364k▼ 3.7%€393k▲ 7.9%€297k▼ 24.4%
Debt€366k-€355k▼ 3.1%€380k▲ 7.3%€290k▼ 23.8%
Working capital€-52k-€-83k▼ 58.4%€-7k▲ 91.9%€-13k▼ 97.5%
Staff (FTE)3.4-3.3▼ 2.9%4.4▲ 33.3%4.1▼ 6.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 26% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €297k
Fixed assets
€21k ▼ 5.2%
Current assets
€277k ▼ 25.5%
Equity and liabilities €297k
Equity
€7k ▼ 42.9%
Debt
€290k ▼ 23.8%
Debt's share of the balance-sheet total rises from 96.7% to 97.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2020 · €17k
Cash flow
€134▼
2020 · €8k
Current ratio
0.95▼
2020 · 0.98
Quick ratio
0.74▼
2020 · 0.89
Debt to equity
38.87▲
2020 · 0.16
ROE
-75.1%▼
2020 · 24.6%
ROA
-1.9%▼
2020 · 0.8%
Interest coverage
1.01
Debt ≤ 1 year
€290k▼
2020 · €378k
Debt > 1 year
€0▼
2020 · €2k
Staff costs
€254k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €254k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €25k | €4k | €6k | ▲ 28.2% |
| Other operating charges640/8 | - | - | - | €4k | - |
| Gross operating margin9900 | €220k | €230k | €268k | €273k | ▲ 2.1% |
| Operating profit (loss)9901 | €14k | €9k | €12k | €9k | ▼ 26.1% |
| Financial income75/76B | - | - | - | €8 | - |
| Recurring financial income75 | €568 | €516 | - | €8 | - |
| Financial charges65/66B | - | - | - | €15k | - |
| Recurring financial charges65 | €17k | €12k | €9k | €15k | ▲ 61.0% |
| Profit (loss) for the period before taxes9903 | €-5k | €-2k | €3k | €-6k | ▼ 274% |
| Income taxes67/77 | €128 | €118 | - | - | - |
| Profit (loss) for the period9904 | €-5k | €-3k | €3k | €-6k | ▼ 274% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-3k | €3k | €-6k | ▼ 274% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €378k | €364k | €393k | €297k | ▼ 24.4% |
| Fixed assets21/28 | €99k | €101k | €22k | €21k | ▼ 5.2% |
| Tangible fixed assets22/27 | €91k | €92k | €13k | €11k | ▼ 9.0% |
| Plant, machinery and equipment23 | - | - | - | €6k | - |
| Furniture and vehicles24 | - | - | - | €6k | - |
| Financial fixed assets28 | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €279k | €264k | €372k | €277k | ▼ 25.5% |
| Stocks and contracts in progress3 | €35k | €31k | €33k | €62k | ▲ 85.4% |
| Stocks30/36 | - | - | - | €32k | - |
| Contracts in progress37 | - | - | - | €30k | - |
| Amounts receivable within one year40/41 | €201k | €173k | €300k | €207k | ▼ 31.1% |
| Trade receivables40 | - | - | - | €207k | - |
| Other amounts receivable41 | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €74 | €1 | €1 | €4k | ▲ 479,452% |
| Deferred charges and accrued income490/1 | - | - | - | €5k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €378k | €364k | €393k | €297k | ▼ 24.4% |
| Equity10/15 | €12k | €10k | €13k | €7k | ▼ 42.9% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Reserves13 | €36k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Tax-exempt reserves132 | - | - | - | €4k | - |
| Profit (loss) carried forward14 | €-42k | €-15k | €-11k | €-17k | ▼ 49.1% |
| Amounts payable17/49 | €366k | €355k | €380k | €290k | ▼ 23.8% |
| Amounts payable after more than one year17 | €34k | €8k | €2k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €331k | €346k | €378k | €290k | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25k | - |
| Financial debts43 | - | - | - | €12k | - |
| Credit institutions430/8 | - | - | - | €12k | - |
| Trade debts44 | €112k | €109k | €110k | €105k | ▼ 4.9% |
| Suppliers440/4 | - | - | - | €105k | - |
| Taxes, remuneration and social security45 | - | - | - | €101k | - |
| Taxes450/3 | - | - | - | €4k | - |
| Remuneration and social security454/9 | - | - | - | €97k | - |
| Other amounts payable47/48 | - | - | - | €48k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-3k | €3k | €-6k | ▼ 274% |
| + Depreciation and write-downs630 | €27k | €25k | €4k | €6k | ▲ 28.2% |
| Operating cash flow (approximation) | €21k | €23k | €8k | €134 | ▼ 98.3% |
| Investment in fixed assets (approximation) | - | €-27k | €74k | €-5k | ▼ 106% |
| Change in cash | - | €-73 | €0 | €4k | - |
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
2023
08-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 02-05-2023
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial 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, Duffel · 1 establishment unit since 2004
Ground area
1,955 m²
Building footprint
837 m²
Volume, LiDAR
1,993 m³
2 parcels, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DWH Construct
since 20042.144.313.672
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302B0276/00N000 | Flanders | 1,067 m² | 1 · 422 m² | 8.2 m · 1 fl. |
| 12302B0724/00A000 | Flanders | 887 m² | 1 · 415 m² | 3.6 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE AERTS SNEEUWBESLAAN 14, 2610 WILRIJK
(ANTWERPEN) |
02-05-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 201 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 201 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 3,501 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 (pre-2019)
Founded22-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.