DRUWEL COMPANY

Active

Private limited companyfounded 200421 yrs activeRijselsestraat 46, 8210 Zedelgem, BelgiumKBO/BCE: BE 0867.581.361

The computed 12-month bankruptcy probability of DRUWEL COMPANY is 1.6% (moderate). The 2025 annual accounts show equity of €6k and a net result of €-56k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 12927 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

27 / 100

Weak▼ -54 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency16▼-45

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.11 against 1.33 in 2023), and 97% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

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

Return on assets

-28.2%

Age of the figures

11 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 d early

2023

22 d early

2022

40 d early

2021

40 d early

2020

3 d early

2019

94 d late

2018

31 d late

← before the deadline after the 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

€6k▼ 90.3%

2023 · €62k

2018: €-168k 2019: €-140k 2020: €-188k 2021: €-121k 2022: €-7k 2023: €62k

2018 → 2025

Total assets

€200k▲ 8.8%

2023 · €184k

2018: €557k 2019: €424k 2020: €619k 2021: €605k 2022: €491k 2023: €184k

2018 → 2025

Net result

€-56k

2023 · €70k

2018: €14k 2019: €28k 2020: €-48k 2021: €67k 2022: €108k 2023: €70k

2018 → 2025

Working capital

€19k▼ 53.3%

2023 · €40k

2018: €-687k 2019: €-515k 2020: €-575k 2021: €-531k 2022: €-444k 2023: €40k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232025Trend

Equity€-188k-€-121k▲ 35.4%€-7k▲ 93.9%€62k€6k▼ 90.3%

Operating result€41k-€73k▲ 80.1%€137k▲ 87.2%€53k▼ 61.7%€-41k

Net result€-48k-€67k€108k▲ 62.2%€70k▼ 35.3%€-56k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €41k after €53k in 2023, the lowest year so far.

Balance-sheet composition

2025 in colour, 2023 as the grey bar beneath

Assets €200k

94.8%

Fixed assets €10k▼ 54.0%

Current assets €190k▲ 17.7%

Equity and liabilities €200k

97.0%

Equity €6k▼ 90.3%

Debt €194k▲ 59.7%

The debt ratio rises from 66.1% to 97.0%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2023

EBITDA

€-28k▼

2023 · €59k

Cash flow

€-43k▼

2023 · €76k

Solvency

3.0%▼

2023 · 33.9%

Current ratio

1.11▼

2023 · 1.33

Quick ratio

1.01▼

2023 · 1.23

Debt / equity

32.11▲

2023 · 1.95

ROE

-932.6%▼

2023 · 111.8%

ROA

-28.2%▼

2023 · 37.9%

Interest coverage

-1.89▼

2023 · 8.23

Debt

€194k▲

2023 · €121k

Debt ≤ 1 year

€171k▲

2023 · €121k

Debt > 1 year

€23k▲

2023 · €0

Income taxes

€0▲

2023 · €-24k

Staff costs

€409k▲

2023 · €37k

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 2023

Balance sheet Code20232025

Assets

Total assets20/58€184k€200k▲

Fixed assets21/28€23k€10k▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€23k€10k▼

Land and buildings22€0-

Plant, machinery and equipment23€9k€5k▼

Furniture and vehicles24€14k€5k▼

Other tangible fixed assets26€0-

Financial fixed assets28€170€170=

Current assets29/58€161k€190k▲

Stocks and contracts in progress3€12k€16k▲

Stocks30/36€12k€16k▲

Amounts receivable within one year40/41€141k€156k▲

Trade receivables40€103k€140k▲

Other amounts receivable41€38k€16k▼

Cash at bank and in hand54/58€6k€16k▲

Deferred charges and accrued income490/1€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€184k€200k▲

Equity10/15€62k€6k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€44k€-13k▼

Amounts payable17/49€121k€194k▲

Amounts payable after more than one year17€0€23k▲

Financial debts170/4€0€23k▲

Amounts payable within one year42/48€121k€171k▲

Current portion of amounts payable after more than one year42€24k€37k▲

Financial debts43€15k€16k▲

Credit institutions430/8€15k€16k▲

Trade debts44€64k€45k▼

Suppliers440/4€64k€45k▼

Advances received on contracts in progress46€250€0▼

Taxes, remuneration and social security45€8k€44k▲

Taxes450/3€954€23k▲

Remuneration and social security454/9€7k€21k▲

Other amounts payable47/48€9k€28k▲

Accrued charges and deferred income492/3€0-

Income statement Code20232025

Remuneration, social security and pensions62€37k€409k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A€4k€0▼

Gross operating margin9900€101k€382k▲

Operating profit (loss)9901€53k€-41k▼

Financial income75/76B€398€93▼

Recurring financial income75€398€93▼

Financial charges65/66B€7k€15k▲

Recurring financial charges65€7k€15k▲

Profit (loss) for the period before taxes9903€46k€-56k▼

Income taxes67/77€-24k€0▲

Profit (loss) for the period9904€70k€-56k▼

Profit (loss) for the period to be appropriated9905€70k€-56k▼

Appropriation of the result

Profit (loss) to be appropriated9906€44k€-13k▼

Profit (loss) brought forward from the previous period14P€-26k€44k▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2026

31-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Weakest financial yearnet €-56k ▼181%

Net result drops to €-56k, the lowest in the series.

2024

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity times 22current ratio 1.33

Current ratio from 0.06 to 1.33; short-term debt falls from €472k to €121k.

21-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2018net €108k ▲62.2%

Operating result €137k, net result €108k, both a record.

21-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €67k

Net result €67k after one loss-making year.

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 94 days late

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

2018

26-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 57 days late

2017

29-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

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

Directors · office · real estate

Directors

5 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, Zedelgem · 1 establishment unit since 2005

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.

Rijselsestraat 468210 Zedelgem

Ground area

860 m²

Building footprint

356 m²

Volume, LiDAR

1,967 m³

2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DRUWEL COMPANY

Damse Vaart-Zuid 15, 8340 DammeNACE 55301

since 20052.142.470.078

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31017C0440/00R000	Flanders	591 m²	1 · 127 m²	10.7 m · 2 fl.
31006C0120/00L000 ProtectedTownscape or village viewStadskern DammeSource ↗	Flanders	269 m²	1 · 229 m²	9.5 m · 2 fl.