Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DEWULF from Roeselare, company number BE0420997222, closed financial year 2025 with a result of € 6.4 million after tax. For that financial year DEWULF recorded revenue of € 101.6 million and equity of € 26.9 million. Compared with financial year 2024, the result moved from € 3.7 million to € 6.4 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 26.9 million
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.4 million
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 3.6 million
▲ € 3 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 23.8 million.
People and assets in 2025
194.3
▲ 27.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16.1 million
▲ 20% vs 2024
€ 82,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4.2 million
▼ 18% vs 2024
Of which on lease € 3.8 million.
Debts at end 2025
€ 37.2 million
▲ 50% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 10 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 3 million
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 57,075,009 | € 73,124,135 | € 90,497,245 | € 101,649,462 | ▲ 12% |
| Profit after taxes | € 1,480,307 | € 5,038,153 | € 3,743,188 | € 6,363,243 | ▲ 70% |
| Equity | € 12,802,164 | € 16,840,317 | € 20,583,505 | € 26,946,749 | ▲ 31% |
| Total debts | € 42,817,882 | € 43,513,717 | € 44,610,259 | € 55,788,534 | ▲ 25% |
| Cash | € 1,963,916 | € 1,438,505 | € 586,415 | € 3,587,307 | ▲ € 3 million |
| Land & buildings | € 5,138,145 | € 4,918,262 | € 5,627,146 | € 5,831,041 | ▲ 4% |
| Retained profit | € 9,632,418 | € 13,670,572 | € 17,413,760 | € 23,777,003 | ▲ 37% |
| Dividend | € 300,000 | € 1,000,000 | € 0 | € 0 | |
| Bank debt | € 26,742,591 | € 27,259,608 | € 24,824,849 | € 37,176,158 | ▲ 50% |
| Balance sheet total | € 57,121,931 | € 62,462,263 | € 67,212,458 | € 84,960,688 | ▲ 26% |
| Employees (FTE) | 160.7 | 161.5 | 166.5 | 194.3 | ▲ 27.8 |
Key figures of DEWULF, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DEWULF?
What happened at DEWULF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6.4 million (▲ 70% vs 2024). Source: NBB ↗
- Peruna NV became a director. NBB
- Clarebout NV stepped down as director. NBB
- Gilles Clarebout became a director. NBB
- Definco NV became a director. NBB
- Solid BV became a director. NBB
- Clarebout NV became a director. NBB
- New establishment in Roeselare. KBO
In short
From € 1.5 million profit in 2022 to € 6.4 million profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 6.4 million profit.
Paid out € 1.3 million in dividends to the owners in total.
Management
Behind DEWULF are Gilles Clarebout, Definco NV, Solid BV and Peruna NV. The shares are held by Definco (99.6%) and Dewulf Invest (0.4%). It owns 100% of Dewulf North America Inc. and 100% of Dewulf SRL itself.
Directors
According to the 2025 annual accounts
since 2023
Managing director · represented by Hendrik Decramer
since 2023
since 2023
Director · represented by Jan Clarebout
Owns 0.2% via Dewulf Invest
Also active at: IMMO DOUVE, FLANDERS FIELD BUSINESS PARK, BOEVERIE, CANAR DEVELOPMENT, Dewulf Invest, Well One, ACCENT OFFICES, DEFINCO +1 more
since 2025
Director · represented by Jan Clarebout
Also active at: IMMO DOUVE, CLAREBOUT POTATOES, FLANDERS FIELD BUSINESS PARK, BOEVERIE, CANAR DEVELOPMENT, Dewulf Invest, Well One, ACCENT OFFICES +1 more
since 2023 · until 2025
Shareholders
99.6%
Dewulf Invest · holding of Peruna NV
0.4%
Participations
Dewulf North America Inc.
100%
Dewulf SRL
100%
Establishments
Establishment units
Physical locations of this company
Moorseelsesteenweg 20
8800 Roeselare
Veldstraat 166
8800 Roeselare
Active since 23 November 2011
Moorseelsesteenweg 41 box A
8800 Roeselare
Active since 23 November 2011
Armoedestraat 34
8800 Roeselare
Active since 1 October 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.997.222
- VAT number
- BE 0420.997.222
- Registered office
- Moorseelsesteenweg 20, 8800 Roeselare
- Names & denominations
- DEWULF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1980
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van machines voor de landbouw en de bosbouw
Vervaardiging van overige machines voor de landbouw en de bosbouw
Verhuur van landbouwmachines en -werktuigen
Groothandel in machines, tractoren, werktuigen en toebehoren voor de landbouw
Verhuur en lease van landbouwmachines en -werktuigen
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Groothandel in machines, werktuigen en toebehoren voor de landbouw