DWR CONSTRUCT
ActiveSummary
DWR CONSTRUCT has been active since 2005 and the Belgian Official 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 about 13% per year across the filed financial years. Its solvency ranks better than 5% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- -€37,955
- Profit
- €17,280
Why 54raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€37,955lowers riskSize: total assets €1,954Figures for financial year 2025 (filed 14-08-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 46, micro): better than 6% on solvency, 4% on liquidity and 95% on profitability.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Rudolf DE WACHTER (manager)Appointment: Rudolf DE WACHTER (statutory…
Financials · financial year 2025, micro format
2025 annual accounts filed late (14 days) Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398549.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 30% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,794 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,072 | €2,692 | €2,692 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €37 | €1,042 | €102 | €504 | €766 | ▲ 52.0% |
| Gross operating margin9900 | €24,088 | €12,710 | €14,491 | €4,066 | €9,945 | €25,243 | €18,131 | ▼ 28.2% |
| Operating profit (loss)9901 | €20,274 | €9,707 | €11,762 | €3,024 | €9,843 | €24,739 | €17,365 | ▼ 29.8% |
| Financial income75/76B | - | - | - | €35 | €0 | €0 | - | - |
| Recurring financial income75 | - | €1 | - | €35 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | €408 | €199 | €203 | €182 | €85 | ▼ 53.3% |
| Recurring financial charges65 | €845 | €846 | €408 | €199 | €203 | €182 | €85 | ▼ 53.3% |
| Profit (loss) for the period before taxes9903 | €19,428 | €8,862 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Profit (loss) for the period9904 | €19,428 | €8,862 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Profit (loss) for the period to be appropriated9905 | €19,428 | €8,862 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8,408 | €5,493 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Fixed assets21/28 | €5,385 | €2,692 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,385 | €2,692 | - | - | - | - | - | - |
| Current assets29/58 | €3,023 | €2,801 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Amounts receivable within one year40/41 | €826 | €972 | €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 | ▲ 25× |
| Cash at bank and in hand54/58 | €1,328 | €257 | €5,102 | €127 | €153 | €926 | €18 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | - | €603 | - | - | €204 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8,408 | €5,493 | €17,512 | €3,099 | €3,563 | €3,512 | €1,954 | ▼ 44.4% |
| Equity10/15 | -€112,507 | -€103,645 | -€92,292 | -€89,432 | -€79,791 | -€55,234 | -€37,955 | ▲ 31.3% |
| Contributions10/11 | €18,550 | €18,550 | €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 | €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 | -€132,912 | -€124,050 | -€112,697 | -€109,837 | -€100,196 | -€75,639 | -€58,360 | ▲ 22.8% |
| Amounts payable17/49 | €120,915 | €109,139 | €109,804 | €92,531 | €83,354 | €58,746 | €39,908 | ▼ 32.1% |
| Amounts payable within one year42/48 | €120,915 | €109,139 | €109,804 | €92,531 | €83,354 | €58,746 | €39,908 | ▼ 32.1% |
| Trade debts44 | €1,825 | €2,941 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,428 | €8,862 | €11,354 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| + Depreciation and write-downs630 | €3,072 | €2,692 | €2,692 | - | - | - | - | - |
| Operating cash flow (approximation) | €22,500 | €11,554 | €14,046 | €2,860 | €9,641 | €24,557 | €17,280 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | - |
| Change in cash | - | -€1,072 | €4,845 | -€4,975 | €26 | €773 | -€908 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-08-2026 | 2026-00398549 |
| 30-09-2024 | micro format | 22-05-2025 | 2025-00109972 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00081781 |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00072755 |
| 30-09-2021 | micro format | 06-05-2022 | 2022-20026265 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13000465 |
| 30-09-2019 | micro format | 20-04-2020 | 2020-09600371 |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08600425 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58600303 |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-39600420 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Rudolf DE WACHTER |
|
Owners and capital
Capital and shareholders
- Rudolf DE WACHTER 300 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-01-2025 Converted to unavailable equity · €18,550
- 13-01-2025 Converted to unavailable equity · €1,860
Group and network
Connections & network
No directors read yet: 2 of 7 Gazette acts processed.
History
Acts, filings and financial milestones
13-01
Gazette deed
Resignation: Rudolf DE WACHTER (manager)Appointment: Rudolf DE WACHTER (statutory director) · Legal-form conversion · Capital conversion16 facts ▸
- General meeting, 18-12-2024
- Legal-form conversion, “besloten vennootschap (BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch) (2 times)
- Director resignation, Rudolf DE WACHTER (manager)
- Director appointment, Rudolf DE WACHTER (statutory director) (2 times)
- Registered-office move, 2880 Bornem(Hingene), Ruipenbroekstraat 1
- Share cancellation, “omvorming van bestaande aandelen”, 300 (deed in Dutch)
- Share issue, “categorie A”, 30 (deed in Dutch)
- Share issue, “categorie B”, 270 (deed in Dutch)
- Power of attorney
- Purpose change
- Amendment of the articles (2 times)
- +4 further facts in this act
23-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 15-12-2022
- Registered-office move, Sint-Amandsesteenweg 194 bus 103, 2880 Bornem
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12362E0068/00C003 | Flanders | 802 m² | 1 · 399 m² | - |
| 12015B0118/00D005 | Flanders | 722 m² | 1 · 127 m² | 7.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van bouwkundige activiteiten, karweiwerken, grondverzet, schilderwerken, bevloeringen, betegeling; beklinkeringen enz in de…” (deed in Dutch)
15 activities (deed in Dutch)
- Het uitvoeren van bouwkundige activiteiten, karweiwerken, grondverzet, schilderwerken, bevloeringen, betegeling; beklinkeringen enz in de meest ruime zin
- Het plaatsen van gyproc wanden
- Het bouwrijp maken van terreinen
- Fabricage, levering, plaatsing, onderhoud en herstelling van diverse structuren en materialen in alle mogelijke constructies
- Het plaatsen en onderhouden van sanitaire installaties, loodgieters werk
- Elektrotechnische installatiewerken aan gebouwen: installatie en aansluiting van elektrische apparaten en toestellen, elektrische bedradingen
- Het ontwerpen, aanleggen en onderhouden van tuinen, pleinen, opritten, vijvers, groene ruimten
- Aankoop, verkoop, onderhoud en herstellingen van voertuigen, in de meest ruime zin
- Groothandel en kleinhandel van materialen, gerelateerd aan het bovenvermelde (niet limitatieve opsomming)
- Aankoop en verkoop van bouwmaterialen
- Onderaanneming in de meest ruime zin
- Het organiseren van seminaries, opleidingen, presentaties, bijeenkomsten, cursussen, incentives, evenementen,….
- Consultancy en adviesverlening, advies en bijstand verlenen in alle domeinen waarin er competentie is
- Adviesbureau op het gebied van marketing, public relations en communicatie
- Het ontwikkelen, verlenen en waarnemen van management, interim management en project management diensten in de ruimste zin
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DWR Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Het adres van de zetel kan door het bestuursorgaan enkel worden verplaatst binnen hetzelfde gewest. De vennootschap kan, bij…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…” (deed in Dutch)“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…” (deed in Dutch)“Vergoeding van de bestuurders, enige aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Voor de in pand gegeven aandelen komt het voorkeurrecht toe aan de eigenaar-pandgever., Voor aandelen bezwaard met vruchtgebruik komt het…” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestemming van de winst – reserves, aanwending van de jaarlijkse nettowinst wordt bepaald door de algemene vergadering, op voorstel van het…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Tuesday of June at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toegang tot de algemene vergadering, indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering…” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Schriftelijke volmacht aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, Beraadslagingen” (deed in Dutch)