Equity
€680,924 ▲ 0.2%
D-Warehouse has made a profit without a break since 2010.
D-Warehouse
Lifetime
17 annual accounts with figures on one time axis, 35 filings since 1990peak €1.5m (2017)
-€3,925▼ €1,257
lowest -€3,670 (2009)
€1,661▼ 71.7%
peak €680,924 (2025)
€680,924▲ 0.2%
€4,159▼ 75.3%
peak 17.3 FTE (2008)
-not published
Board9 names since 2018
5 directorsLurinvest and 4 others
Owners3 names in the annual accounts
100%D-ESTATE and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Gross margin from -€2,667 to -€3,925Result from €5,877 to €1,6611 director appointed 30-05Debts from €16,829 to €4,159
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1990
Two of the last ten came late. The 2015 accounts came latest: 30 days after the end of the period.
Position in the sector
99.4%
Higher solvency than 95% of companies in land transport. Sector median 40.1% · 1,085 companies.
Checked score
94
Excellent
Financially stronger than 51% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 1990
Equity €680,924 (99.4% of total assets)
Size: total assets €685,082
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 92% of them on solvency, 57% on liquidity, 17% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as D-Warehouse has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of D-Warehouse itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for D-Warehouse. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Short-term debt is 0.6% and cash 1.6% of total assets. 0.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
13 days early
2023
20 days early
2022
19 days early
2021
102 days early
2020
on the day
2019
15 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441768781
1 director appointed
DEMA Invest · Permanent representatives: Marieke Desmet and Pieterjan Desmet · General meeting of 17-12-2024 · Gazette deed
1 statutory auditor reappointed
CALLENS VANDELANOTTE (statutory auditor) · Permanent representatives: Filip Remmery and Pieterjan Desmet · General meeting of 03-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| D-Warehouse Menen | €685,082 | -€3,925 | 99.4% | - |
| DE WEST-HOEK Wingene | €893,591 | -€4,378 | 90.0% | 0 |
| Ondernemingen Van Gaeveren Waasmunster | €731,692 | -€30,630 | 99.0% | - |
| FRANS SMEYERS EN ZONEN Scherpenheuvel-Zichem | €608,836 | -€23,024 | 71.4% | - |
| AGRI-TRADACO INTERNATIONAL Soignies | €683,798 | -€6,725 | 18.6% | - |
| AVELGEM CONTAINER TERMINAL Tournai | €863,554 | -€272,302 | -124.1% | 4.7 |
| MATHIJS G.A.R. Alken | €535,137 | -€53,793 | 7.3% | - |
These companies have the same main activity as D-Warehouse: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €535,000 and €894,000, founded between 1987 and 1995.
Official details
Source: KBO- Status
- Active since 12-10-1990Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.050.353.6338930 Menen, since 22-11-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Annual accounts 2025
- €685,082▼ 1.6%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on D-Warehouse
D-Warehouse has existed since 1990. The gross margin fell from €1.5m in 2017 to €215,520 in 2018 and staff from 8.2 to 1 full-time equivalents.
D-ESTATE holds all the shares. In November 2022, the Official Gazette published the appointment of The Veneer as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about D-Warehouse
- What is the company number of D-Warehouse?
- The company number of D-Warehouse is 0441.768.781. The VAT number is the same number with BE in front: BE 0441.768.781.
- Where is D-Warehouse based?
- The registered office is at Lageweg 33, 8930 Menen.Company details
- What does D-Warehouse do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of D-Warehouse?
- D-Warehouse is a public limited company (NV).
- When was D-Warehouse founded?
- D-Warehouse was founded on 12-10-1990.
- Is D-Warehouse still active?
- Yes, D-Warehouse is an active enterprise in the KBO register.
- What is the turnover of D-Warehouse?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is D-Warehouse profitable?
- In financial year 2025, D-Warehouse made a profit of €1,661.
- Where can I find the annual accounts of D-Warehouse?
- D-Warehouse filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D-Warehouse due?
- D-Warehouse must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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