DWW Services
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494476.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 23 filings
Turnover
≈ €60,000
Estimated: probably between €41,000 and €99,000
Total assets
€233,918▼ 1.4%
2024 · €237,158
Net result
€11,959▼ 52.9%
2024 · €25,368
Working capital
-€110,598▲ 3.3%
2024 · -€114,390
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 29% lower than in 2024.
Operating result€16,979
2025
Net result€11,959
2025
Total assets€233,918
2025
Equity€18,765
2025
Debt€215,153
2025
Working capital-€110,598
2025
Return on assets (ROA)5.1%
2025
Solvency8.0%
2025
Current ratio0.17
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€69,831-€24,796▼ 64.5%€21,087▼ 15.0%€39,316▲ 86.4%-€16,653-€3,719▲ 77.7%€23,868€16,979▼ 28.9%
Net result€53,902-€19,818▼ 63.2%€16,562within the sector's middle half▼ 16.4%€30,082within the sector's middle half▲ 81.6%-€23,566below the sector's middle half-€7,432within the sector's middle half▲ 68.5%€25,368within the sector's middle half€11,959within the sector's middle half▼ 52.9%
Equity-€54,026--€34,208▲ 36.7%-€17,646below the sector's middle half▲ 48.4%€12,436below the sector's middle half-€11,130below the sector's middle half-€18,562below the sector's middle half▼ 66.8%€6,806below the sector's middle half€18,765below the sector's middle half▲ 176%
Total assets€331,936-€391,697▲ 18.0%€335,782below the sector's middle half▼ 14.3%€302,395within the sector's middle half▼ 9.9%€283,940within the sector's middle half▼ 6.1%€244,252below the sector's middle half▼ 14.0%€237,158below the sector's middle half▼ 2.9%€233,918below the sector's middle half▼ 1.4%
Debt€385,962-€425,904▲ 10.3%€353,427▼ 17.0%€289,959▼ 18.0%€295,071▲ 1.8%€262,814▼ 10.9%€230,352▼ 12.4%€215,153▼ 6.6%
Working capital-€275,287--€321,474▼ 16.8%-€289,060below the sector's middle half▲ 10.1%-€242,590below the sector's middle half▲ 16.1%-€127,073below the sector's middle half▲ 47.6%-€130,250within the sector's middle half▼ 2.5%-€114,390within the sector's middle half▲ 12.2%-€110,598within the sector's middle half▲ 3.3%
Solvency-16.3%--8.7%▲ 7.5pp-5.3%below the sector's middle half▲ 3.5pp4.1%below the sector's middle half▲ 9.4pp-3.9%below the sector's middle half▼ 8.0pp-7.6%below the sector's middle half▼ 3.7pp2.9%below the sector's middle half▲ 10.5pp8.0%within the sector's middle half▲ 5.2pp
Current ratio0.19-0.17▼ 0.010.11below the sector's middle half▼ 0.060.10below the sector's middle half▼ 0.010.19below the sector's middle half▲ 0.080.10below the sector's middle half▼ 0.080.12below the sector's middle half▲ 0.020.17below the sector's middle half▲ 0.04
Return on assets (ROA)16.2%-5.1%▼ 11.2pp4.9%within the sector's middle half▼ 0.1pp9.9%above the sector's middle half▲ 5.0pp-8.3%below the sector's middle half▼ 18.2pp-3.0%below the sector's middle half▲ 5.3pp10.7%above the sector's middle half▲ 13.7pp5.1%within the sector's middle half▼ 5.6pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,918
Fixed assets
€211,538 ▼ 4.3%
Current assets
€22,380 ▲ 38.5%
Equity and liabilities €233,918
Equity
€18,765 ▲ 176%
Debt
€215,153 ▼ 6.6%
Debt's share of the balance-sheet total falls from 97.1% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,437▼
2024 · €34,782
Cash flow
€21,416▼
2024 · €36,282
Debt to equity
11.47▼
2024 · 33.85
ROE
63.7%▼
2024 · 372.7%
Interest coverage
10.20▼
2024 · 10.90
Debt ≤ 1 year
€132,978▲
2024 · €130,552
Debt > 1 year
€73,750▼
2024 · €91,950
Income taxes
€2,429▲
2024 · €116
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,597 | €1,056 | €2,797 | - |
| Depreciation and write-downs of the year | €25,259 | €26,680 | €26,717 | €10,914 | €9,458 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,167 | €28,290 | €25,458 | €25,259 | €26,680 | €26,717 | €10,914 | €9,458 | ▼ 13.3% |
| Other operating charges640/8 | - | - | - | €401 | €582 | €531 | €1,439 | €400 | ▼ 72.2% |
| Gross operating margin9900 | €82,462 | €53,447 | €47,076 | €64,975 | €10,608 | €23,529 | €36,220 | €26,836 | ▼ 25.9% |
| Operating profit (loss)9901 | €69,831 | €24,796 | €21,087 | €39,316 | -€16,653 | -€3,719 | €23,868 | €16,979 | ▼ 28.9% |
| Financial income75/76B | - | - | - | - | €1 | €1 | €4,808 | - | - |
| Recurring financial income75 | - | - | €0 | - | €1 | €1 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €4,808 | - | - |
| Financial charges65/66B | - | - | - | €4,034 | €6,504 | €3,599 | €3,192 | €2,592 | ▼ 18.8% |
| Recurring financial charges65 | €15,929 | €4,978 | €4,525 | €4,034 | €6,504 | €3,599 | €3,192 | €2,592 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €53,902 | €19,818 | €16,562 | €35,282 | -€23,156 | -€7,317 | €25,484 | €14,387 | ▼ 43.5% |
| Income taxes67/77 | - | - | - | €5,200 | €410 | €115 | €116 | €2,429 | ▲ 21× |
| Profit (loss) for the period9904 | €53,902 | €19,818 | €16,562 | €30,082 | -€23,566 | -€7,432 | €25,368 | €11,959 | ▼ 52.9% |
| Profit (loss) for the period to be appropriated9905 | €53,902 | €19,818 | €16,562 | €30,082 | -€23,566 | -€7,432 | €25,368 | €11,959 | ▼ 52.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €331,936 | €391,697 | €335,782 | €302,395 | €283,940 | €244,252 | €237,158 | €233,918 | ▼ 1.4% |
| Fixed assets21/28 | €269,348 | €323,883 | €300,116 | €274,857 | €254,774 | €229,113 | €220,996 | €211,538 | ▼ 4.3% |
| Tangible fixed assets22/27 | €87,348 | €141,883 | €118,116 | €92,857 | €72,774 | €47,113 | €38,996 | €29,538 | ▼ 24.3% |
| Land and buildings22 | - | - | - | €58,933 | €51,099 | €43,264 | €35,430 | €27,596 | ▼ 22.1% |
| Plant, machinery and equipment23 | - | - | - | €794 | €5,111 | €3,849 | €3,565 | €1,942 | ▼ 45.5% |
| Furniture and vehicles24 | - | - | - | €33,130 | €16,565 | - | - | - | - |
| Financial fixed assets28 | €182,000 | €182,000 | €182,000 | €182,000 | €182,000 | €182,000 | €182,000 | €182,000 | = |
| Current assets29/58 | €62,589 | €67,813 | €35,666 | €27,539 | €29,166 | €15,139 | €16,163 | €22,380 | ▲ 38.5% |
| Amounts receivable within one year40/41 | €58,244 | €64,809 | €32,456 | €18,297 | €18,032 | €9,720 | €12,611 | €19,839 | ▲ 57.3% |
| Trade receivables40 | - | - | - | €18,297 | €17,352 | €5,104 | €8,410 | €19,839 | ▲ 136% |
| Other amounts receivable41 | - | - | - | - | €680 | €4,616 | €4,201 | - | - |
| Cash at bank and in hand54/58 | €4,345 | €3,004 | €1,696 | €7,770 | €9,414 | €3,604 | €1,634 | €2,541 | ▲ 55.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,471 | €1,719 | €1,815 | €1,918 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €331,936 | €391,697 | €335,782 | €302,395 | €283,940 | €244,252 | €237,158 | €233,918 | ▼ 1.4% |
| Equity10/15 | -€54,026 | -€34,208 | -€17,646 | €12,436 | -€11,130 | -€18,562 | €6,806 | €18,765 | ▲ 176% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €920 | €920 | €920 | €920 | €920 | - | - | €165 | - |
| Non-distributable reserves130/1 | - | - | - | €920 | €920 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €920 | €920 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €165 | - |
| Profit (loss) carried forward14 | -€73,546 | -€53,728 | -€37,166 | -€7,084 | -€30,650 | -€37,162 | -€11,794 | - | - |
| Amounts payable17/49 | €385,962 | €425,904 | €353,427 | €289,959 | €295,071 | €262,814 | €230,352 | €215,153 | ▼ 6.6% |
| Amounts payable after more than one year17 | €41,199 | €32,642 | €23,652 | €14,206 | €132,632 | €110,150 | €91,950 | €73,750 | ▼ 19.8% |
| Financial debts170/4 | - | - | - | €14,206 | €132,632 | €110,150 | €91,950 | €73,750 | ▼ 19.8% |
| Amounts payable within one year42/48 | €337,876 | €389,287 | €324,726 | €270,129 | €156,239 | €145,389 | €130,552 | €132,978 | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €184,267 | €28,124 | €22,482 | €17,800 | €18,200 | ▲ 2.2% |
| Trade debts44 | €12,178 | €11,763 | €15,387 | €12,403 | €15,594 | €12,848 | €12,960 | €19,051 | ▲ 47.0% |
| Suppliers440/4 | - | - | - | €12,403 | €15,594 | €12,848 | €12,960 | €19,051 | ▲ 47.0% |
| Taxes, remuneration and social security45 | - | - | - | €6,153 | €5,610 | - | €1,104 | €2,654 | ▲ 140% |
| Taxes450/3 | - | - | - | €6,153 | €5,610 | - | €1,104 | €2,654 | ▲ 140% |
| Other amounts payable47/48 | - | - | - | €67,305 | €106,911 | €110,059 | €98,688 | €93,074 | ▼ 5.7% |
| Accrued charges and deferred income492/3 | - | - | - | €5,625 | €6,200 | €7,275 | €7,850 | €8,425 | ▲ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,902 | €19,818 | €16,562 | €30,082 | -€23,566 | -€7,432 | €25,368 | €11,959 | ▼ 52.9% |
| + Depreciation and write-downs630 | €12,167 | €28,290 | €25,458 | €25,259 | €26,680 | €26,717 | €10,914 | €9,458 | ▼ 13.3% |
| Operating cash flow (approximation) | €66,068 | €48,108 | €42,020 | €55,341 | €3,114 | €19,285 | €36,282 | €21,416 | ▼ 41.0% |
| Investment in fixed assets (approximation) | - | -€82,825 | -€1,690 | -€0 | -€6,597 | -€1,056 | -€2,797 | €0 | - |
| Change in cash | - | -€1,341 | -€1,309 | €6,074 | €1,644 | -€5,810 | -€1,970 | €907 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00494476 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00285762 | |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00364547 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00341425 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20116461 | |
| 31-12-2020 | abbreviated format | 31-07-2021 | 2021-45500354 | |
| 31-12-2019 | abbreviated format | 11-06-2020 | 2020-15900192 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-40600352 | |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-16900428 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-37700303 |