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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ETABLISSEMENTS MICHEL DAWAGNE ET FILS from Ciney, company number BE0431048796, closed financial year 2025 with a result of € -2,309 after tax. For that financial year ETABLISSEMENTS MICHEL DAWAGNE ET FILS recorded a gross margin of € -286 and equity of € -51,613. Compared with financial year 2024, the result moved from € -3,208 to € -2,309. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -51,613
▼ € 2,309 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,309
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33,835
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -70,205.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,978
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 320
▲ 57% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 93,793 | € -2,343 | € -89 | € -286 | ▼ € 197 |
| Profit after taxes | € 80,697 | € -5,419 | € -3,208 | € -2,309 | ▲ € 899 |
| Equity | € -40,677 | € -46,097 | € -49,304 | € -51,613 | ▼ € 2,309 |
| Total debts | € 116,598 | € 116,343 | € 115,063 | € 113,918 | ▼ 1% |
| Cash | € 49,481 | € 41,391 | € 34,787 | € 33,835 | ▼ 3% |
| Land & buildings | € 6,221 | € 6,221 | € 6,221 | € 6,221 | |
| Retained profit | € -59,269 | € -64,689 | € -67,896 | € -70,205 | ▼ € 2,309 |
| Balance sheet total | € 75,920 | € 70,247 | € 65,759 | € 62,305 | ▼ 5% |
Key figures of ETABLISSEMENTS MICHEL DAWAGNE ET FILS, 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 ETABLISSEMENTS MICHEL DAWAGNE ET FILS?
What happened at ETABLISSEMENTS MICHEL DAWAGNE ET FILS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,309. filed late Source: NBB ↗
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,697 profit in 2022 to € 2,309 loss in 2025.
Best year ever: 2022, with € 80,697 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Rue Rigaud de Corbion(L-C) 24
5590 Ciney
Rue de Corbion(Leignon) 40
5590 Ciney
Active since 19 May 1987
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.048.796
- VAT number
- BE 0431.048.796
- Registered office
- Rue Rigaud de Corbion(L-C) 24, 5590 Ciney
- Names & denominations
- ETABLISSEMENTS MICHEL DAWAGNE ET FILS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 1987
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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Algemene elektrotechnische installatiewerken
Sanitaire werkzaamheden
Elektrische installatie
Gespecialiseerde detailhandel in bloemen en planten, zaden en kunstmeststoffen
Vervaardiging van metalen constructiewerken en onderdelen daarvan
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