DWS ART
ActiveDWS ART has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €-46k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 19347 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
2
/ 100
Critical▼ -18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency6▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.44 in 2023), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-4.2%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€46k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
29 d early
2022
45 d early
2021
2 d early
2020
25 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€95k▼ 32.6%
2023 · €141k
2018: €15k
2019: €28k
2020: €31k
2021: €171k
2022: €171k
2023: €141k
2018 → 2024
Total assets
€1.09M▼ 6.3%
2023 · €1.16M
2018: €207k
2019: €124k
2020: €710k
2021: €654k
2022: €790k
2023: €1.16M
2018 → 2024
Net result
€-46k▼ 51.8%
2023 · €-30k
2018: €6k
2019: €13k
2020: €3k
2021: €13k
2022: €236
2023: €-30k
2018 → 2024
Working capital
€-461k▼ 10.3%
2023 · €-418k
2018: €-64k
2019: €-12k
2020: €-499k
2021: €-290k
2022: €-301k
2023: €-418k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€171k▲ 454%€171k▲ 0.1%€141k▼ 17.7%€95k▼ 32.6%
Operating result€7k-€16k▲ 126%€13k▼ 15.2%€-16k€-36k▼ 116%
Net result€3k-€13k▲ 348%€236▼ 98.2%€-30k€-46k▼ 51.8%
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 stays negative: a loss of €36k in 2024 against €16k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.09M
Fixed assets
€806k▼ 3.6%
Current assets
€281k▼ 13.4%
Equity and liabilities €1.09M
Equity
€95k▼ 32.6%
Debt
€992k▼ 2.7%
The debt ratio rises from 87.9% to 91.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-5k▼
2023 · €41k
Cash flow
€-15k▼
2023 · €27k
Solvency
8.7%▼
2023 · 12.1%
Current ratio
0.38▼
2023 · 0.44
Quick ratio
0.26▼
2023 · 0.28
Debt / equity
10.45▲
2023 · 7.24
ROE
-48.3%▼
2023 · -21.4%
ROA
-4.2%▼
2023 · -2.6%
Interest coverage
-0.85▼
2023 · 4.79
Debt
€992k▼
2023 · €1.02M
Debt ≤ 1 year
€741k▼
2023 · €742k
Debt > 1 year
€250k▼
2023 · €269k
Income taxes
€4k▼
2023 · €5k
Staff costs
€38k▼
2023 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.16M€1.09M▼
Fixed assets21/28€836k€806k▼
Tangible fixed assets22/27€836k€806k▼
Land and buildings22€802k€781k▼
Plant, machinery and equipment23€628€518▼
Furniture and vehicles24€33k€24k▼
Current assets29/58€324k€281k▼
Stocks and contracts in progress3€117k€89k▼
Stocks30/36€117k€89k▼
Amounts receivable within one year40/41€10k€4k▼
Trade receivables40€7k€348▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€197k€188k▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.09M▼
Equity10/15€141k€95k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€61k€31k▼
Non-distributable reserves130/1€642€642=
Legal reserve130€642€642=
Tax-exempt reserves132€60k€30k▼
Profit (loss) carried forward14€61k€46k▼
Amounts payable17/49€1.02M€992k▼
Amounts payable after more than one year17€269k€250k▼
Financial debts170/4€269k€250k▼
Amounts payable within one year42/48€742k€741k▼
Financial debts43€732k€729k▼
Credit institutions430/8-€19k
Other loans439€732k€711k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€803€845▲
Remuneration and social security454/9€6k€8k▲
Accrued charges and deferred income492/3€8k€16▼
Income statement
Code20232024
Remuneration, social security and pensions62€39k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€31k▼
Other operating charges640/8€3k€8k▲
Gross operating margin9900€83k€41k▼
Operating profit (loss)9901€-16k€-36k▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€-25k€-41k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€-30k€-46k▼
Transfer from tax-exempt reserves789€30k€30k=
Profit (loss) for the period to be appropriated9905€-143€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€46k▼
Profit (loss) brought forward from the previous period14P€62k€61k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13k ▲348%
Net result €13k, the highest in the series.
31-12
Financial
Equity above €150kEq €171k ▲454%
4 profitable years in a row build equity to €171k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
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.
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, Ninove · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Echel 599401 NinoveGround area
2,731 m²
Building footprint
157 m²
Parcel 41057A0330/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
DWS.DYLAN
since 20062.158.223.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41057A0330/00A000 | Flanders | 2,731 m² | 1 · 157 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ALFACO
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,380. 3,673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2006
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:steven.mignon@gmail.com