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DEWAELE

Active
Private limited companyfounded 1989active for 36 yearsMeelstraat 41, 8792 Waregem, BelgiumKBO/BCE: BE 0439.160.372
Summary

DEWAELE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €467,624. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 87% of 2,027 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Growing of cereals (except rice), leguminous crops and oil seeds
NACE 01110Manufacture of textiles NACE 13100
2nd largest company by total assets in Waregem, Agriculture, forestry and fishing sector1 site
Size
€7.1mtotal assets 2025
Staff
3.4 FTE
Equity
€5.8m
Profit
€467,624
Turnover not published (abbreviated format)
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts filed 37 days late0 of 3 deeds read
Why 97lowers riskLiquidity: current ratio 5.81, cash €1.6mSize: 3.4 FTE, total assets €7.1mFounded in 1989Equity €5.8m (82.0% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 75% of its sector peers (NACE 01, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 82.0% of total assets
Liquidity 78+8
short-term debt 10.3% · cash 22.2%
Profitability 77-23
return on assets 6.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,684 companies, NACE 01, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024 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%● unchanged 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 04-2026 06-2026: < 0.1%● unchanged vs 05-2026highest value 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
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.81, compared with 3.44 in 2024, above the usual 1.5; short-term debt: 10.3% and cash: 22.2% of total assets), and 18% of the assets are financed with debt and provisions.
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 01, micro): better than 92% on solvency, 84% on liquidity, 67% on profitability and 57% on growth.

The bankruptcy probability was computed on 13-10-2026 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

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 5.81, cash €1.6m
NBB · annual accounts
lowers risk · Size: 3.4 FTE, total assets €7.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €5.8m (82.0% of total assets)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-06-2026, 37 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
37 days late
2024
29 days late
2023
6 days late
2022
1 day late
2021
24 days late
2020
38 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end13-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Highest result from 2019 to 2025net €2.2m ▲102%

Key points

  • Caution: Result fell in 2025from €2.2m to €467,624 ▼ 79.1% View
  • Positive: Among the best 5% on equitysector median €593,484 · 2,027 companies €5.8m View
  • Positive: 7 profitable years in a rowprofit 2025: €467,624 7 years View
  • Known shareholdersaccounts at 30-09-2025 99.07% View

By topic

Financials

Financial year
2025
Total assets
€7.1m
Profit
€467,624
Solvency
82.0%
Total assets▲ 3.8%
Net result
20192025
Go to Financials

Timeline

Events
38
Since
1991
Next accounts
by 30-04-2027
  1. 30-09-2024Equity above €5m
  2. 06-05-2024Annual accounts filed
  3. 01-05-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Growing of cereals (except rice), leguminous crops and…NACE 01110
Founded
21-12-1989
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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