DE WITTE
ActiveDE WITTE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.90M and a net result of €-24k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-5
Solvency50=
Growth47▼-1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.94 in 2024; short-term debt: 44.6% and cash: 2.3% of total assets), and 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.5%
Return on assets
-0.2%
Age of the figures
9 mo
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 d early
2024
16 d early
2023
174 d late
2022
101 d late
2021
51 d late
2020
5 d late
2019
40 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.76M▼ 1.5%
2024 · €13.97M
2018: €12.64M
2019: €12.68M
2020: €9.36M
2021: €10.37M
2022: €11.75M
2023: €13.92M
2024: €13.97M
2018 → 2025
EBIT margin
1.1%▼ 1.0pp
2024 · 2.2%
2018: 5.0%
2019: 4.9%
2020: -1.7%
2021: 2.4%
2022: 2.1%
2023: 4.4%
2024: 2.2%
2018 → 2025
Net result
€-24k
2024 · €54k
2018: €382k
2019: €313k
2020: €-258k
2021: €49k
2022: €111k
2023: €323k
2024: €54k
2018 → 2025
Working capital
€-178k▲ 43.7%
2024 · €-316k
2018: €-1.66M
2019: €315k
2020: €-377k
2021: €-132k
2022: €-9k
2023: €-186k
2024: €-316k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.37M-€11.75M▲ 13.3%€13.92M▲ 18.5%€13.97M▲ 0.4%€13.76M▼ 1.5%
Equity€2.43M-€2.55M▲ 4.6%€2.87M▲ 12.7%€2.92M▲ 1.9%€2.90M▼ 0.8%
Operating result€244k-€241k▼ 1.2%€615k▲ 155%€303k▼ 50.7%€158k▼ 48.1%
Net result€49k-€111k▲ 129%€323k▲ 190%€54k▼ 83.2%€-24k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.83M
Fixed assets
€6.73M▼ 4.9%
Current assets
€5.10M▲ 7.7%
Equity and liabilities €11.83M
Equity
€2.90M▼ 0.8%
Provisions
€26k▼ 27.0%
Debt
€8.90M▲ 0.6%
The debt ratio rises from 74.9% to 75.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€625k▼
2024 · €833k
Cash flow
€443k▼
2024 · €584k
Solvency
24.5%▼
2024 · 24.8%
Current ratio
0.97▲
2024 · 0.94
Quick ratio
0.74▲
2024 · 0.71
Debt / equity
3.07▲
2024 · 3.03
ROE
-0.8%▼
2024 · 1.9%
ROA
-0.2%▼
2024 · 0.5%
Interest coverage
4.51▼
2024 · 4.91
Debt
€8.90M▲
2024 · €8.85M
Debt ≤ 1 year
€5.28M▲
2024 · €5.05M
Debt > 1 year
€3.49M▼
2024 · €3.71M
Income taxes
€24k▲
2024 · €22k
Staff costs
€2.01M▲
2024 · €1.93M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.81M€11.83M▲
Fixed assets21/28€7.08M€6.73M▼
Intangible fixed assets21€26k-
Tangible fixed assets22/27€6.67M€6.35M▼
Land and buildings22€2.70M€2.68M▼
Plant, machinery and equipment23€558k€474k▼
Furniture and vehicles24€56k€62k▲
Leasing and similar rights25€526k€473k▼
Other tangible fixed assets26€2.83M€2.66M▼
Financial fixed assets28€382k€382k▲
Other financial fixed assets284/8€382k€382k▲
Shares284€32k€35k▲
Amounts receivable and cash guarantees285/8€350k€348k▼
Current assets29/58€4.73M€5.10M▲
Stocks and contracts in progress3€1.16M€1.18M▲
Stocks30/36€1.16M€1.18M▲
Raw materials and consumables30/31€1.16M€1.18M▲
Amounts receivable within one year40/41€2.92M€3.33M▲
Trade receivables40€2.73M€3.14M▲
Other amounts receivable41€193k€197k▲
Cash at bank and in hand54/58€205k€276k▲
Deferred charges and accrued income490/1€438k€307k▼
Equity and liabilities
Total equity and liabilities10/49€11.81M€11.83M▲
Equity10/15€2.92M€2.90M▼
Contributions10/11€199k€199k=
Revaluation surpluses12€1.23M€1.23M=
Reserves13€1.17M€1.15M▼
Non-distributable reserves130/1€29k€29k=
Other1319€29k€29k=
Tax-exempt reserves132€271k€242k▼
Distributable reserves133€875k€875k=
Profit (loss) carried forward14€317k€321k▲
Provisions and deferred taxes16€36k€26k▼
Deferred taxes168€36k€26k▼
Amounts payable17/49€8.85M€8.90M▲
Amounts payable after more than one year17€3.71M€3.49M▼
Financial debts170/4€3.71M€3.49M▼
Subordinated loans170€535k€472k▼
Leasing and similar obligations172€152k€80k▼
Credit institutions173€3.02M€2.94M▼
Amounts payable within one year42/48€5.05M€5.28M▲
Current portion of amounts payable after more than one year42€469k€430k▼
Financial debts43€715k€1.40M▲
Credit institutions430/8€715k€1.40M▲
Trade debts44€3.13M€2.94M▼
Suppliers440/4€3.13M€2.94M▼
Advances received on contracts in progress46-€84k
Taxes, remuneration and social security45€362k€265k▼
Taxes450/3€96k€34k▼
Remuneration and social security454/9€266k€230k▼
Other amounts payable47/48€373k€156k▼
Accrued charges and deferred income492/3€94k€134k▲
Income statement
Code20242025
Operating income70/76A€14.73M€14.32M▼
Turnover70€13.97M€13.76M▼
Own construction capitalised72€51k-
Other operating income74€571k€558k▼
Non-recurring operating income76A€132k-
Operating charges60/66A€14.42M€14.16M▼
Goods for resale, raw materials and consumables60€7.82M€7.53M▼
Purchases600/8€8.04M€7.55M▼
Change in stocks: decrease (increase)609€-225k€-19k▲
Services and other goods61€4.05M€4.01M▼
Remuneration, social security and pensions62€1.93M€2.01M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€529k€468k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€80k▲
Other operating charges640/8€77k€65k▼
Operating profit (loss)9901€303k€158k▼
Financial income75/76B€17k€30k▲
Recurring financial income75€17k€30k▲
Income from financial fixed assets750€7k€7k▲
Income from current assets751€9k€139▼
Other financial income752/9€1k€23k▲
Financial charges65/66B€232k€198k▼
Recurring financial charges65€232k€198k▼
Debt charges650€170k€139k▼
Other financial charges652/9€62k€59k▼
Profit (loss) for the period before taxes9903€89k€-11k▼
Transfer from deferred taxes780€8k€10k▲
Transfer to deferred taxes680€20k-
Income taxes67/77€22k€24k▲
Taxes670/3€22k€24k▲
Profit (loss) for the period9904€54k€-24k▼
Transfer from tax-exempt reserves789€23k€29k▲
Transfer to tax-exempt reserves689€60k-
Profit (loss) for the period to be appropriated9905€17k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€317k€321k▲
Profit (loss) brought forward from the previous period14P€300k€317k▲
Social balance
Average headcount (FTE)908732.731.3▼
The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 174 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 101 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 51 days late
2021
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €-258k ▼183%
Net result drops to €-258k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2025
Claeys Karolina: Resigned as Director
01-01-2025
De Witte Marnique: Resigned as Director
Location & real-estate footprint
Registered office, Maldegem · 2 establishment units since 1992
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.
Krommewege 439990 MaldegemGround area
4.6 ha
Building footprint
1,766 m²
Volume, LiDAR
13,706 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DE WITTE BVBA
since 19922.059.881.607
DE WITTE
since 20132.222.668.985
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001A0946/00D000 | Flanders | 3.4 ha | 1 · 108 m² | 3.1 m · 1 fl. |
| 43001H0976/00G000 | Flanders | 1.1 ha | 1 · 1,658 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 2025 · 7 entries · 18,364 EUR awarded · 17,292 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,211 EUR | 1,047 EUR |
| 2024 | 2 | 638 EUR | 1,076 EUR |
| 2023 | 2 | 7,651 EUR | 7,305 EUR |
| 2022 | 2 | 7,864 EUR | 7,864 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
9 categoriesDE WITTE BV21597
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-1992
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
42110Construction of roads and motorways
02020
02400Forestry and logging
29322
33120Repair and maintenance of machinery
42911Civil engineering
71310
77310Rental and leasing activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:aannemingendewitte.be
E-mail:info@aannemingendewitte.be
E-mail:personeel@aannemingendewitte.be
Phone:0471681330