DWR CONSTRUCT
ActiveSummary
DWR CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,955) and a net result of €17,280. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
22 d late
2023
1 d early
2022
3 d early
2021
6 d late
2020
on the day
2019
10 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 4 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 (1)
History
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Financials · fiscal year 2025, micro schema
Equity
-€37,955▲ 31.3%
2024 · -€55,234
Total assets
€1,954▼ 44.4%
2024 · €3,512
Net result
€17,280▼ 29.6%
2024 · €24,557
Working capital
-€37,955▲ 31.3%
2024 · -€55,234
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,762▲ 21.2%€3,024▼ 74.3%€9,843▲ 225%€24,739▲ 151%€17,365▼ 29.8%
Net result€11,354within the sector's middle half▲ 28.1%€2,860within the sector's middle half▼ 74.8%€9,641within the sector's middle half▲ 237%€24,557within the sector's middle half▲ 155%€17,280within the sector's middle half▼ 29.6%
Equity-€92,292below the sector's middle half▲ 11.0%-€89,432below the sector's middle half▲ 3.1%-€79,791below the sector's middle half▲ 10.8%-€55,234below the sector's middle half▲ 30.8%-€37,955below the sector's middle half▲ 31.3%
Total assets€17,512below the sector's middle half▲ 219%€3,099below the sector's middle half▼ 82.3%€3,563below the sector's middle half▲ 15.0%€3,512below the sector's middle half▼ 1.4%€1,954below the sector's middle half▼ 44.4%
Debt€109,804▲ 0.6%€92,531▼ 15.7%€83,354▼ 9.9%€58,746▼ 29.5%€39,908▼ 32.1%
Working capital-€92,292below the sector's middle half▲ 13.2%-€89,432below the sector's middle half▲ 3.1%-€79,791below the sector's middle half▲ 10.8%-€55,234below the sector's middle half▲ 30.8%-€37,955below the sector's middle half▲ 31.3%
Solvency-527.0%below the sector's middle half
Current ratio0.16below the sector's middle half▲ 0.13
Return on assets (ROA)64.8%above the sector's middle half▼ 96.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 30% below 2024.
Key figures and ratios
Debt ≤ 1 year
€39,908▼
2024 · €58,746
Ratios withheld: a balance sheet total of €1,954 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,692 | - | - | - | - | - |
| Other operating charges640/8 | €37 | €1,042 | €102 | €504 | €766 | ▲ 52.0% |
| Gross operating margin9900 | €14,491 | €4,066 | €9,945 | €25,243 | €18,131 | ▼ 28.2% |
| Operating profit (loss)9901 | €11,762 | €3,024 | €9,843 | €24,739 | €17,365 | ▼ 29.8% |
| Financial income75/76B | - | €35 | €0 | €0 | - | - |
| Recurring financial income75 | - | €35 | €0 | €0 | - | - |
| Financial charges65/66B | €408 | €199 | €203 | €182 | €85 | ▼ 53.3% |
| Recurring financial charges65 | €408 | €199 | €203 | €182 | €85 | ▼ 53.3% |
| Profit (loss) for the period before taxes9903 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Profit (loss) for the period9904 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Profit (loss) for the period to be appropriated9905 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Current assets29/58 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Amounts receivable within one year40/41 | €11,807 | €2,972 | €3,409 | €2,382 | €1,935 | ▼ 18.7% |
| Trade receivables40 | €10,934 | €2,924 | €2,777 | €2,357 | €1,304 | ▼ 44.7% |
| Other amounts receivable41 | €874 | €48 | €632 | €25 | €632 | ▲ 2,449% |
| Cash at bank and in hand54/58 | €5,102 | €127 | €153 | €926 | €18 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | €603 | - | - | €204 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Equity10/15 | -€92,292 | -€89,432 | -€79,791 | -€55,234 | -€37,955 | ▲ 31.3% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | €18,550 | €18,550 | €18,550 | €18,550 | - | - |
| Issued capital100 | €18,550 | €18,550 | €18,550 | €18,550 | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | €1,855 | €1,855 | €1,855 | €1,855 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,855 | - |
| Profit (loss) carried forward14 | -€112,697 | -€109,837 | -€100,196 | -€75,639 | -€58,360 | ▲ 22.8% |
| Amounts payable17/49 | €109,804 | €92,531 | €83,354 | €58,746 | €39,908 | ▼ 32.1% |
| Amounts payable within one year42/48 | €109,804 | €92,531 | €83,354 | €58,746 | €39,908 | ▼ 32.1% |
| Trade debts44 | €4,935 | €8,329 | €1,163 | €690 | €993 | ▲ 43.8% |
| Suppliers440/4 | €4,935 | €8,329 | €1,163 | €690 | €993 | ▲ 43.8% |
| Taxes, remuneration and social security45 | - | €234 | - | €89 | €89 | = |
| Taxes450/3 | - | €234 | - | €89 | €89 | = |
| Other amounts payable47/48 | €104,869 | €83,968 | €82,190 | €57,968 | €38,827 | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| + Depreciation and write-downs630 | €2,692 | - | - | - | - | - |
| Operating cash flow (approximation) | €14,046 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Change in cash | - | -€4,975 | €26 | €773 | -€908 | ▼ 217% |
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
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €2,860 ▼74.8%
Net result drops to €2,860, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 6 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Bornem · 1 establishment unit since 2006
Ground area
1,525 m²
Building footprint
526 m²
Volume, LiDAR
606 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DWR Construct
since 20062.150.907.494
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362E0068/00C003 | Flanders | 802 m² | 1 · 399 m² | - |
| 12015B0118/00D005 | Flanders | 722 m² | 1 · 127 m² | 7.4 m · 2 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,277 companies in sector 46160 we hold annual accounts for 687. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
47512Retail sale of household textiles and bedding
47715Retail trade
Contact
Phone
0473 88 30 23Bornem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878156143
Also
9925:BE0878156143
Registered
02-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.