NW

Active

Private limited companyfounded 20205 yrs activeEuropalaan 97, 9800 Deinze, BelgiumKBO/BCE: BE 0756.757.079

Summary

The computed 12-month bankruptcy probability of NW is 2.2% (moderate). The 2025 annual accounts show negative equity (€-220k) and a net result of €-90k. Equity is shrinking by ~110.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 394 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

19 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency0=

Growth32=

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.23 against 0.3 in 2024; short-term debt: 133.2% and cash: 0.7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-55.9%

Return on assets

-23%

Age of the figures

18 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year €-220k

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

2 d early

2024

29 d late

2023

8 d late

2022

14 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close25-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-220k▼ 69.6%

2024 · €-129k

2022: €19k 2023: €24k 2024: €-129k

2022 → 2025

Total assets

€393k▼ 11.6%

2024 · €444k

2022: €420k 2023: €506k 2024: €444k

2022 → 2025

Net result

€-90k▲ 41.4%

2024 · €-154k

2022: €18k 2023: €5k 2024: €-154k

2022 → 2025

Working capital

€-403k▼ 18.9%

2024 · €-339k

2022: €24k 2023: €-169k 2024: €-339k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€19k-€24k▲ 28.4%€-129k€-220k▼ 69.6%

Operating result€32k-€13k▼ 57.8%€-141k€-75k▲ 47.2%

Net result€18k-€5k▼ 69.7%€-154k€-90k▲ 41.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €75k in 2025 against €141k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €393k

69.4%

30.6%

Fixed assets €273k ▼ 9.9%

Current assets €120k ▼ 15.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-37k▲

2024 · €-109k

Cash flow

€-52k▲

2024 · €-121k

Solvency

-55.9%▼

2024 · -29.1%

Current ratio

0.23▼

2024 · 0.30

Quick ratio

0.16▼

2024 · 0.20

Debt to equity

-2.79▲

2024 · -4.43

ROA

-23.0%▲

2024 · -34.6%

Interest coverage

-2.36▲

2024 · -8.45

Debt

€612k▲

2024 · €574k

Debt ≤ 1 year

€523k▲

2024 · €480k

Debt > 1 year

€89k▼

2024 · €93k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€444k€393k▼

Fixed assets21/28€303k€273k▼

Intangible fixed assets21€6k€8k▲

Tangible fixed assets22/27€288k€256k▼

Plant, machinery and equipment23€278k€248k▼

Furniture and vehicles24€10k€8k▼

Financial fixed assets28€8k€8k=

Current assets29/58€142k€120k▼

Stocks and contracts in progress3€43k€39k▼

Stocks30/36€43k€39k▼

Amounts receivable within one year40/41€68k€76k▲

Trade receivables40€62k€71k▲

Other amounts receivable41€6k€4k▼

Cash at bank and in hand54/58€23k€3k▼

Deferred charges and accrued income490/1€7k€3k▼

Equity and liabilities

Total equity and liabilities10/49€444k€393k▼

Equity10/15€-129k€-220k▼

Contributions10/11€1k€1k=

Reserves13€23k€23k=

Distributable reserves133€23k€23k=

Profit (loss) carried forward14€-154k€-244k▼

Amounts payable17/49€574k€612k▲

Amounts payable after more than one year17€93k€89k▼

Financial debts170/4€59k€38k▼

Other amounts payable178/9€34k€51k▲

Amounts payable within one year42/48€480k€523k▲

Current portion of amounts payable after more than one year42€21k€21k=

Financial debts43€200k€200k=

Credit institutions430/8€200k€200k=

Trade debts44€94k€128k▲

Suppliers440/4€94k€128k▲

Advances received on contracts in progress46€164k€172k▲

Taxes, remuneration and social security45€907€1k▲

Taxes450/3€907€1k▲

Other amounts payable47/48€206€0▼

Accrued charges and deferred income492/3€88€733▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€38k▲

Other operating charges640/8€522€654▲

Gross operating margin9900€-108k€-36k▲

Operating profit (loss)9901€-141k€-75k▲

Financial income75/76B€69€0▼

Recurring financial income75€69€0▼

Financial charges65/66B€13k€16k▲

Recurring financial charges65€13k€16k▲

Profit (loss) for the period before taxes9903€-154k€-90k▲

Profit (loss) for the period9904€-154k€-90k▲

Profit (loss) for the period to be appropriated9905€-154k€-90k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-154k€-244k▼

Profit (loss) brought forward from the previous period14P-€-154k

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-10-2026

2025

29-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

29-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

31-03

Financial Weakest financial yearnet €-154k

Net result drops to €-154k, the lowest in the series; recovery starts the following year.

2023

08-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 8 days late

2022

14-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 14 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Deinze · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

4,367 m²

Building footprint

540 m²

Volume, LiDAR

1,691 m³

Parcel 44054A0102/00N003, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Nanowatt

Europalaan 97, 9800 DeinzeRepair and maintenance of machinery

since 20202.311.352.523

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44054A0102/00N003	Flanders	4,367 m²	1 · 540 m²	5.6 m · 1 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

2022 to 2024 · 3 entries · 59,000 EUR awarded · 59,000 EUR paid

Year	Entries	awarded	paid
2024	1	9,000 EUR	9,000 EUR
2023	1	0 EUR	25,000 EUR
2022	1	50,000 EUR	25,000 EUR

Schemes

Innovatieve starterssteun

2 entries · 50,000 EUR · 50,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidies voor internationaal ondernemen

1 entry · 9,000 EUR · 9,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

Of 346 companies in sector 28990 we hold annual accounts for 278. 101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-10-2020

Fiscal year end31-03

Activities, NACEBEL 2025

28990Manufacture of machinery and equipment not elsewhere classified

46649Wholesale of other machinery and equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.