Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DW Construct from Kortrijk, company number BE0745876451, closed financial year 2025 with a result of € -19,460 after tax. For that financial year DW Construct recorded a gross margin of € -12,357 and equity of € -78,193. Compared with financial year 2024, the result moved from € -8,140 to € -19,460. 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 June 29, 2026.
€ -78,193
▼ € 19,460 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,460
▼ 139 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,531
▲ € 8,765 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83,193.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,311
▲ 170% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,772 | € -2,234 | € -4,992 | € -12,357 | ▼ € 7,365 |
| Profit after taxes | € -10,153 | € -8,148 | € -8,140 | € -19,460 | ▼ € 11,320 |
| Equity | € -42,445 | € -50,593 | € -58,733 | € -78,193 | ▼ € 19,460 |
| Total debts | € 458,738 | € 466,338 | € 263,125 | € 418,593 | ▲ 59% |
| Cash | € 7,175 | € 1,377 | € 767 | € 9,531 | ▲ € 8,765 |
| Retained profit | € -47,445 | € -55,593 | € -63,733 | € -83,193 | ▼ € 19,460 |
| Balance sheet total | € 416,293 | € 415,745 | € 204,392 | € 340,400 | ▲ 67% |
Key figures of DW Construct, 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 DW Construct?
What happened at DW Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 19,460. Source: NBB ↗
- Cédric Van Quickenborne became a director. NBB
- Philippe Vlerick became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,153 loss in 2022 to € 19,460 loss in 2025.
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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
Management
Behind DW Construct are Cédric Van Quickenborne and Philippe Vlerick. The same people are also behind DW Invest. Cédric Van Quickenborne is also behind MOROXCO. Philippe Vlerick is also behind B.M.H., KBC Groep, Vlerick Business School, DE ROBAERTBEEK and VLERICK RESEARCH.
Directors
According to the 2025 annual accounts
Philippe Vlerick
Director
Also active at: B.M.H., KBC Groep, Vlerick Business School, DE ROBAERTBEEK, VLERICK RESEARCH, DW Invest, KBC Global Services, PENTAHOLD
since 2024
Establishments
Establishment units
Physical locations of this company
Doorniksewijk(Kor) 49
8500 Kortrijk
Rijksweg 65
8520 Kuurne
Active since 8 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →B.M.H. same network
Belgo-Indian Chamber of Commerce and Industry
Cecan
€ -838,803 gross margin · 2025
VOBIS FINANCE
MIDELCO
€ 1.2 million revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0745.876.451
- VAT number
- BE 0745.876.451
- Registered office
- Doorniksewijk(Kor) 49, 8500 Kortrijk
- Names & denominations
- DW Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 April 2020
- Peppol
- Active · Active since 2 Jul 2026
- Activities · NACE
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