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 8 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
A D W from Merelbeke-Melle, company number BE0833047282, closed financial year 2024 with a result of € 31,235 after tax. For that financial year A D W recorded a gross margin of € 107,643 and equity of € 223,611. Compared with financial year 2023, the result moved from € 29,854 to € 31,235. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2025.
€ 223,611
▲ 16% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,235
▲ 5% vs 2023
Profit after tax over the fiscal year.
€ 3,111
▲ 16% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 105,011.
People and assets in 2024
€ 3,569
▼ 88% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 35,601
▼ 13% vs 2023
Of which on lease € 26,677.
Debts at end 2024
€ 280,916
▼ 14% vs 2023
€ 43,592 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 33,516
▲ 28% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 774
▼ 84% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 51,378 | € 91,639 | € 114,286 | € 107,643 | ▼ 6% |
| Profit after taxes | € -6,487 | € 5,377 | € 29,854 | € 31,235 | ▲ 5% |
| Equity | € 157,144 | € 162,521 | € 192,375 | € 223,611 | ▲ 16% |
| Total debts | € 364,995 | € 480,326 | € 375,207 | € 326,444 | ▼ 13% |
| Cash | € 16,244 | € 18,109 | € 2,681 | € 3,111 | ▲ 16% |
| Land & buildings | € 388,465 | € 392,354 | € 389,877 | € 397,754 | ▲ 2% |
| Retained profit | € 38,544 | € 43,921 | € 73,775 | € 105,011 | ▲ 42% |
| Bank debt | € 281,109 | € 361,655 | € 325,324 | € 280,916 | ▼ 14% |
| Balance sheet total | € 522,139 | € 642,847 | € 567,583 | € 550,055 | ▼ 3% |
Key figures of A D W, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to A D W?
What happened at A D W in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 31,235 (▲ 5% vs 2023). filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
- Stefan DE WINNE became a director. NBB
In short
From € 6,487 loss in 2021 to € 31,235 profit in 2024.
Paid € 13,315 in corporate taxes since 2021.
Best year ever: 2024, with € 31,235 profit.
Management
The stake of Kapsalon Les Ciseaux comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
A D WBehind A D W is Stefan DE WINNE. The shares are held by Kapsalon Les Ciseaux (47.6%).
Directors
According to the 2024 annual accounts
Stefan DE WINNE
Director
since 2011
Shareholders
47.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hundelgemsesteenweg 39
9820 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0833.047.282
- VAT number
- BE 0833.047.282
- Registered office
- Hundelgemsesteenweg 39, 9820 Merelbeke-Melle
- Names & denominations
- A D W
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2011
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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