FDW
ActiveSummary
FDW has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406,552 and a net result of €166,332. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 82% of 15,743 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €406,552
- Profit
- €166,332
Why 97lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 8.34, cash €93,327Figures for financial year 2025 (filed 17-08-2026)Equity €406,552 (83.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 69, micro): better than 87% on solvency, 63% on liquidity, 82% on profitability and 85% on growth.
The bankruptcy probability was computed on 30-10-2026 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 33 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €166,332 ▲7.7%
- Liquidity more than quadruplescurrent ratio 8.34
Financials · financial year 2025, micro format
2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00401472.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
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).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
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 69, Legal and accounting activities: 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, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 6,782 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 | €12,402 | €12,693 | €12,911 | €12,620 | €12,402 | €6,694 | €15,360 | ▲ 129% |
| Other operating charges640/8 | - | - | €3,144 | €932 | €1,047 | €851 | €636 | ▼ 25.3% |
| Gross operating margin9900 | €80,173 | €188,041 | €213,693 | €206,603 | €142,264 | €210,507 | €230,718 | ▲ 9.6% |
| Operating profit (loss)9901 | €65,074 | €174,910 | €197,638 | €193,051 | €128,815 | €202,962 | €214,722 | ▲ 5.8% |
| Financial income75/76B | - | - | €665 | €1,400 | - | €3,710 | €8,715 | ▲ 135% |
| Recurring financial income75 | - | - | €665 | €1,400 | - | €3,710 | €8,715 | ▲ 135% |
| Financial charges65/66B | - | - | €810 | €1,108 | €1,776 | €2,876 | €4,720 | ▲ 64.1% |
| Recurring financial charges65 | €269 | €503 | €810 | €1,108 | €1,776 | €2,876 | €4,720 | ▲ 64.1% |
| Profit (loss) for the period before taxes9903 | €64,805 | €174,407 | €197,493 | €193,343 | €127,039 | €203,796 | €218,717 | ▲ 7.3% |
| Income taxes67/77 | €13,820 | €39,925 | €46,508 | €46,700 | €30,447 | €49,313 | €52,385 | ▲ 6.2% |
| Profit (loss) for the period9904 | €50,985 | €134,482 | €150,985 | €146,643 | €96,592 | €154,483 | €166,332 | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €50,985 | €134,482 | €150,985 | €146,643 | €96,592 | €154,483 | €166,332 | ▲ 7.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €133,015 | €273,513 | €408,864 | €531,151 | €611,381 | €492,785 | €486,805 | ▼ 1.2% |
| Fixed assets21/28 | €54,312 | €42,638 | €29,727 | €17,106 | €4,704 | €58,767 | €62,430 | ▲ 6.2% |
| Tangible fixed assets22/27 | €49,607 | €37,933 | €25,022 | €12,402 | - | €54,063 | €57,725 | ▲ 6.8% |
| Furniture and vehicles24 | - | - | €25,022 | €12,402 | - | €54,063 | €57,725 | ▲ 6.8% |
| Financial fixed assets28 | €4,705 | €4,705 | €4,705 | €4,704 | €4,704 | €4,704 | €4,705 | = |
| Current assets29/58 | €78,703 | €230,875 | €379,137 | €514,045 | €606,677 | €434,018 | €424,375 | ▼ 2.2% |
| Amounts receivable after more than one year29 | - | - | €280,000 | €380,000 | €410,000 | €155,000 | €70,000 | ▼ 54.8% |
| Other amounts receivable291 | - | - | €280,000 | €380,000 | €410,000 | €155,000 | €70,000 | ▼ 54.8% |
| Amounts receivable within one year40/41 | €60,310 | - | - | €42 | €9,575 | €29,575 | - | - |
| Trade receivables40 | - | - | - | - | - | €20,000 | - | - |
| Other amounts receivable41 | - | - | - | €42 | €9,575 | €9,575 | - | - |
| Current investments50/53 | - | - | - | - | €119,820 | €198,831 | €260,739 | ▲ 31.1% |
| Cash at bank and in hand54/58 | €16,739 | €100,072 | €96,624 | €130,028 | €63,653 | €49,438 | €93,327 | ▲ 88.8% |
| Deferred charges and accrued income490/1 | - | - | €2,513 | €3,975 | €3,629 | €1,174 | €309 | ▼ 73.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €133,015 | €273,513 | €408,864 | €531,151 | €611,381 | €492,785 | €486,805 | ▼ 1.2% |
| Equity10/15 | €63,385 | €197,867 | €348,852 | €495,495 | €268,237 | €240,220 | €406,552 | ▲ 69.2% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | €50,985 | €185,467 | €336,452 | €483,095 | €249,687 | €221,670 | €388,002 | ▲ 75.0% |
| Amounts payable17/49 | €69,630 | €75,646 | €60,012 | €35,656 | €343,144 | €252,565 | €80,253 | ▼ 68.2% |
| Amounts payable after more than one year17 | €40,254 | €24,764 | €9,158 | - | - | €40,326 | €29,361 | ▼ 27.2% |
| Financial debts170/4 | - | - | €9,158 | - | - | €40,326 | €29,361 | ▼ 27.2% |
| Amounts payable within one year42/48 | €29,376 | €50,709 | €48,704 | €35,656 | €343,144 | €212,239 | €50,892 | ▼ 76.0% |
| Current portion of amounts payable after more than one year42 | - | - | €27,974 | €19,214 | €10,200 | €10,544 | €10,965 | ▲ 4.0% |
| Trade debts44 | €182 | €1,032 | €1,069 | €446 | €2,485 | €995 | €1,956 | ▲ 96.6% |
| Suppliers440/4 | - | - | €1,069 | €446 | €2,485 | €995 | €1,956 | ▲ 96.6% |
| Taxes, remuneration and social security45 | - | - | €19,372 | €15,996 | - | €18,200 | €37,971 | ▲ 109% |
| Taxes450/3 | - | - | €16,425 | €13,200 | - | €18,200 | €37,971 | ▲ 109% |
| Remuneration and social security454/9 | - | - | €2,947 | €2,796 | - | - | - | - |
| Other amounts payable47/48 | - | - | €289 | - | €330,459 | €182,500 | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,150 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,985 | €134,482 | €150,985 | €146,643 | €96,592 | €154,483 | €166,332 | ▲ 7.7% |
| + Depreciation and write-downs630 | €12,402 | €12,693 | €12,911 | €12,620 | €12,402 | €6,694 | €15,360 | ▲ 129% |
| Operating cash flow (approximation) | €63,387 | €147,175 | €163,896 | €159,263 | €108,994 | €161,177 | €181,692 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | -€1,019 | €0 | €1 | €0 | -€60,757 | -€19,023 | ▲ 68.7% |
| Change in cash | - | €83,333 | -€3,448 | €33,404 | -€66,375 | -€14,215 | €43,889 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00401472 |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00239825 |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00175414 |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00166274 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20132061 |
| 31-12-2020 | micro format | 11-05-2021 | 2021-13900041 |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17200008 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| François DE WILDE |
|
Owners and capital
Capital and shareholders
- 04-12-2023 Converted to unavailable equity · €18,550
- 04-12-2023 Converted to available equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
25%
According to the 2025 annual accounts of FDW and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-12
Gazette deed
Appointment: François DE WILDE (seul administrateur statutaire)Registered office clause · Power of attorney · Capital conversion11 facts ▸
- Registered office clause, “5651 Tarcienne rue Sainte Face 24, assemblée générale” (deed in French)
- Power of attorney, François DE WILDE
- General meeting, 17-11-2023
- Other provision, “forme la plus proche de la forme actuelle, adaptation statuts au Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “disponible pour distribution” (deed in French)
- Other provision, “unanimité, dispense de lecture du rapport sur modification de l’objet” (deed in French)
- Purpose change
- Amendment of the articles
- Kind of shares, 100, “droit égal dans répartition bénéfices et produits liquidation par action” (deed in French)
- Director appointment, François DE WILDE (seul administrateur statutaire)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 31 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
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Rue Sainte Face(Tar) 245651 Walcourt1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56078E0003/00L008 | Wallonia | 976 m² | 1 · 134 m² | 15.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “En Belgique,l’exécution de mandats d’administrateur,de gérant de société ou de liquidateur dans d’autres sociétés; Toutes opérations…” (deed in French)
8 activities (deed in French)
- En Belgique,l’exécution de mandats d’administrateur,de gérant de société ou de liquidateur dans d’autres sociétés.
- Toutes opérations commerciales,se rapportant directement ou indirectement à son objet,pouvant en faciliter la réalisation.
- S’intéresser à la gestion de ses actifs propres,de ses placements propres.
- Se porter garante et donner des biens immobiliers en garantie ou en hypothèque comme engagement pour des tiers.
- Donner tous ses autres biens en garantie et accorder son aval à l’avantage de tiers.
- Exercer des mandants administratifs et y accorder son assistance.
- S’intéresser par voie d’association,indépendamment de la forme,dans toutes les sociétés constituées ou à constituer,en Belgique,ayant un objet similaire,analogue ou connexe de nature à favoriser celui de la société.
- La société pourra également avoir pour objet la constitution,la gestion et la valorisation d'un patrimoine immobilier et/ou mobilier,notamment par l'achat,la vente,la location,la mise en location,la construction,le tout au sens le plus large.Elle pourra le mettre à la disposition d’un associé et/ou d’un administrateur.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FDW
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et à l’étranger par simple décision organe…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation,statutaire si nommés dans statuts, 1” (deed in French)“Rémunération administrateurs, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Libre cession tout ou partie si un seul actionnaire” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions, courrier électronique,ou courrier ordinaire même jour si pas d’adresse électronique” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)