ETABLISSEMENTS WITDOUCK
ActiveSummary
ETABLISSEMENTS WITDOUCK has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €5.73M and a net result of €161k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 61 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability71▼-7
Solvency86▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.76 in 2025; short-term debt: 19.7% and cash: 3.6% of total assets), and 38.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
61.2%
Return on assets
1.7%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-09-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
54 d early
2025
42 d early
2024
38 d early
2023
68 d early
2022
27 d early
2021
33 d early
2020
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€161k▼ 76.6%
2025 · €688k
2019: €275k
2020: €209k
2021: €636k
2022: €275k
2023: €415k
2024: €710k
2025: €688k
2019 → 2026
Working capital
€1.88M▲ 6.9%
2025 · €1.75M
2019: €2.34M
2020: €1.96M
2021: €1.66M
2022: €1.41M
2023: €1.49M
2024: €1.77M
2025: €1.75M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€3.99M-€4.18M▲ 4.7%€4.92M▲ 17.8%€5.59M▲ 13.4%€5.73M▲ 2.5%
Operating result€381k-€531k▲ 39.4%€914k▲ 72.1%€955k▲ 4.5%€278k▼ 70.9%
Net result€275k-€415k▲ 50.9%€710k▲ 71.1%€688k▼ 3.1%€161k▼ 76.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 71% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €9.36M
Fixed assets
€5.64M ▼ 0.7%
Current assets
€3.72M ▼ 8.5%
Equity and liabilities €9.36M
Equity
€5.73M ▲ 2.5%
Provisions
€205k ▼ 21.0%
Debt
€3.43M ▼ 12.1%
Debt's share of the balance-sheet total falls from 40.0% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.51M▼
2025 · €1.96M
Cash flow
€1.39M▼
2025 · €1.69M
Current ratio
2.02▲
2025 · 1.76
Quick ratio
1.52▲
2025 · 1.35
Debt to equity
0.60▼
2025 · 0.70
ROE
2.8%▼
2025 · 12.3%
ROA
1.7%▼
2025 · 7.1%
Interest coverage
16.77▼
2025 · 23.35
Debt ≤ 1 year
€1.84M▼
2025 · €2.31M
Debt > 1 year
€1.58M▼
2025 · €1.59M
Income taxes
€103k▼
2025 · €232k
Staff costs
€1.08M▲
2025 · €1.03M
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 · 2026 against 2025 · 73 lines
Balance sheet
Code20252026
Assets
Total assets20/58€9.75M€9.36M▼
Fixed assets21/28€5.69M€5.64M▼
Intangible fixed assets21€170k€151k▼
Tangible fixed assets22/27€5.47M€5.45M▼
Land and buildings22€2.82M€2.86M▲
Plant, machinery and equipment23€2.35M€1.75M▼
Furniture and vehicles24€299k€180k▼
Leasing and similar rights25-€658k
Financial fixed assets28€46k€45k▼
Current assets29/58€4.06M€3.72M▼
Stocks and contracts in progress3€936k€918k▼
Stocks30/36€936k€918k▼
Amounts receivable within one year40/41€1.41M€1.09M▼
Trade receivables40€1.37M€1.08M▼
Other amounts receivable41€46k€11k▼
Current investments50/53€1.37M€1.37M=
Cash at bank and in hand54/58€344k€341k▼
Deferred charges and accrued income490/1€280€3k▲
Equity and liabilities
Total equity and liabilities10/49€9.75M€9.36M▼
Equity10/15€5.59M€5.73M▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Revaluation surpluses12€7k€7k=
Reserves13€4.56M€5.14M▲
Non-distributable reserves130/1€1.39M€1.39M=
Legal reserve130€25k€25k=
Own shares acquired1312€1.37M€1.37M=
Tax-exempt reserves132€823k€658k▼
Distributable reserves133€2.34M€3.08M▲
Profit (loss) carried forward14€744k€326k▼
Investment grants15€31k€12k▼
Provisions and deferred taxes16€259k€205k▼
Deferred taxes168€259k€205k▼
Amounts payable17/49€3.90M€3.43M▼
Amounts payable after more than one year17€1.59M€1.58M▼
Financial debts170/4€1.59M€1.58M▼
Amounts payable within one year42/48€2.31M€1.84M▼
Current portion of amounts payable after more than one year42€1.06M€862k▼
Financial debts43€350k€425k▲
Credit institutions430/8€350k€425k▲
Trade debts44€607k€376k▼
Suppliers440/4€607k€376k▼
Advances received on contracts in progress46€84k€83k▼
Taxes, remuneration and social security45€210k€97k▼
Taxes450/3€131k€7k▼
Remuneration and social security454/9€79k€90k▲
Other amounts payable47/48€1k€600▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20252026
Non-recurring operating income76A€76k€426k▲
Remuneration, social security and pensions62€1.03M€1.08M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.00M€1.23M▲
Other operating charges640/8€56k€73k▲
Non-recurring operating charges66A€78k€3k▼
Gross operating margin9900€3.13M€2.66M▼
Operating profit (loss)9901€955k€278k▼
Financial income75/76B€29k€22k▼
Recurring financial income75€29k€22k▼
Financial charges65/66B€84k€90k▲
Recurring financial charges65€84k€90k▲
Profit (loss) for the period before taxes9903€900k€210k▼
Transfer from deferred taxes780€39k€54k▲
Transfer to deferred taxes680€19k-
Income taxes67/77€232k€103k▼
Profit (loss) for the period9904€688k€161k▼
Transfer from tax-exempt reserves789€114k€165k▲
Transfer to tax-exempt reserves689€57k-
Profit (loss) for the period to be appropriated9905€744k€326k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.31M€1.07M▼
Profit (loss) brought forward from the previous period14P€568k€744k▲
Transfer to equity691/2€568k€744k▲
To other reserves6921€568k€744k▲
Social balance
Average headcount (FTE)908718.618.4▼
The notes to these accounts (24 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 2027, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Weakest financial yearnet €161k ▼76.6%
Net result drops to €161k, the lowest in the series.
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Equity above €5MEq €5.59M ▲13.4%
7 profitable years in a row build equity to €5.59M.
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €710k ▲71.1%
Net result €710k, the highest in the series.
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tournai · 1 establishment unit since 1976
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.
Rue de Mourcourt(K) 27540 TournaiGround area
4,976 m²
Building footprint
189 m²
Parcel 57042C0748/00X000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Mourcourt(K) 2, 7540 Tournai
since 19762.012.607.072
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042C0748/00X000indicative | Wallonia | 4,976 m² | 1 · 189 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.012.607.072
Legal Entity Identifier
9676001LQ1SWOPWV7C46
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Of 20,588 companies in sector 01500 we hold annual accounts for 1,149. 381 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 formPublic limited company
Founded03-09-1976
Fiscal year end31-03
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
01500Mixed farming
43120Site preparation
46319Wholesale of fruit and vegetables, excluding potatoes
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.