G.W.D.
ActiveG.W.D. has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €5k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-4
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.44 in 2023; short-term debt: 78.3% and cash: 28.1% of total assets), and 78.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
21.2%
Return on assets
1.6%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 23%
← weakest
strongest →
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
40 d early
2022
35 d early
2021
48 d early
2020
47 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 5.4%
2023 · €66k
2018: €12k
2019: €12k
2020: €21k
2021: €48k
2022: €56k
2023: €66k
2018 → 2024
Total assets
€328k▼ 2.3%
2023 · €335k
2018: €258k
2019: €242k
2020: €255k
2021: €303k
2022: €340k
2023: €335k
2018 → 2024
Net result
€5k▼ 69.3%
2023 · €17k
2018: €-53
2019: €716
2020: €9k
2021: €20k
2022: €8k
2023: €17k
2018 → 2024
Working capital
€-110k▲ 26.6%
2023 · €-150k
2018: €-185k
2019: €-167k
2020: €-145k
2021: €-161k
2022: €-131k
2023: €-150k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€48k▲ 126%€56k▲ 16.7%€66k▲ 18.1%€69k▲ 5.4%
Operating result€12k-€28k▲ 125%€12k▼ 57.9%€11k▼ 2.6%€428▼ 96.2%
Net result€9k-€20k▲ 131%€8k▼ 60.9%€17k▲ 110%€5k▼ 69.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 96% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328k
Fixed assets
€181k▼ 16.6%
Current assets
€147k▲ 24.1%
Equity and liabilities €328k
Equity
€69k▲ 5.4%
Debt
€258k▼ 4.1%
The debt ratio falls from 80.3% to 78.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2023 · €38k
Cash flow
€42k▼
2023 · €43k
Solvency
21.2%▲
2023 · 19.7%
Current ratio
0.57▲
2023 · 0.44
Quick ratio
0.57▲
2023 · 0.44
Debt / equity
3.72▼
2023 · 4.09
ROE
7.4%▼
2023 · 25.4%
ROA
1.6%▼
2023 · 5.0%
Interest coverage
546.88▼
2023 · 687.99
Debt
€258k▼
2023 · €269k
Debt ≤ 1 year
€257k▼
2023 · €268k
Income taxes
€4k▼
2023 · €5k
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€335k€328k▼
Fixed assets21/28€217k€181k▼
Tangible fixed assets22/27€217k€181k▼
Land and buildings22€137k€128k▼
Plant, machinery and equipment23€1k€882▼
Furniture and vehicles24€79k€52k▼
Current assets29/58€118k€147k▲
Stocks and contracts in progress3€95€0▼
Stocks30/36€95€0▼
Amounts receivable within one year40/41€52k€53k▲
Trade receivables40€26k€50k▲
Other amounts receivable41€26k€3k▼
Cash at bank and in hand54/58€61k€92k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€335k€328k▼
Equity10/15€66k€69k▲
Contributions10/11€6k€6k=
Reserves13€49k€52k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€49k€52k▲
Profit (loss) carried forward14€11k€11k▲
Amounts payable17/49€269k€258k▼
Amounts payable within one year42/48€268k€257k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€7k€350▼
Taxes450/3€7k€350▼
Other amounts payable47/48€252k€253k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€37k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€40k€40k=
Operating profit (loss)9901€11k€428▼
Financial income75/76B€10k€9k▼
Recurring financial income75€491€46▼
Non-recurring financial income76B€10k€9k▼
Financial charges65/66B€55€69▲
Recurring financial charges65€55€69▲
Profit (loss) for the period before taxes9903€22k€9k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€17k€5k▼
Profit (loss) for the period to be appropriated9905€17k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€16k▼
Profit (loss) brought forward from the previous period14P€11k€11k▲
Transfer to equity691/2€10k€4k▼
To other reserves6921€10k€4k▼
Profit to be distributed694/7€7k€2k▼
Return on contributions (dividend)694€2k€2k=
Directors or managers695€5k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20k ▲131%
Operating result €28k, net result €20k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €716
Net result €716 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
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
2 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, Maarkedal · 1 establishment unit since 2014
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.
Kolpaartstraat 139688 MaarkedalGround area
1,666 m²
Building footprint
198 m²
Volume, LiDAR
1,122 m³
Parcel 45044A0070/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G.W.D.
since 20142.232.776.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45044A0070/00C000 | Flanders | 1,666 m² | 1 · 198 m² | 9.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 41 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 41 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,361. 2,000 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2014
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.