ALL-DRAIN
ActiveSummary
ALL-DRAIN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €455,830 and a net result of €67,006. Equity is shrinking by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 70 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+6
Solvency41▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 2.51 in 2024; short-term debt: 44.3% and cash: 3.5% of total assets), and 84.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.9%
Return on assets
2.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 70 sector peers (2025).
NBB · sector comparisonPosition among 70 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €455,830
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
13 d early
2023
22 d early
2022
11 d early
2021
3 d late
2020
18 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Dentergem, Manufacturing sector#10 company by equity in Dentergem, Manufacturing sector
Equity
€455,830▲ 14.2%
2024 · €399,032
Total assets
€2.9m▲ 7.8%
2024 · €2.7m
Net result
€67,006
2024 · -€60,307
Working capital
€501,423▼ 55.1%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€316,557▼ 20.0%€31,082-€291,689-€74,701▲ 74.4%€94,450
Net result-€310,806below the sector's middle half▼ 21.9%€33,895within the sector's middle half-€278,242below the sector's middle half-€60,307below the sector's middle half▲ 78.3%€67,006within the sector's middle half
Equity€505,610within the sector's middle half▼ 38.1%€539,505within the sector's middle half▲ 6.7%€261,263within the sector's middle half▼ 51.6%€399,032within the sector's middle half▲ 52.7%€455,830within the sector's middle half▲ 14.2%
Total assets€1.8mwithin the sector's middle half▼ 4.8%€2.5mwithin the sector's middle half▲ 40.8%€2.2mwithin the sector's middle half▼ 10.2%€2.7mwithin the sector's middle half▲ 20.1%€2.9mabove the sector's middle half▲ 7.8%
Debt€1.3m▲ 21.7%€1.9m▲ 54.6%€2.0m▲ 1.3%€2.3m▲ 15.7%€2.4m▲ 6.7%
Working capital€153,808▼ 77.9%€1.6m▲ 963%€1.3m▼ 22.6%€1.1m▼ 11.8%€501,423▼ 55.1%
Solvency28.8%within the sector's middle half▼ 15.5pp21.8%below the sector's middle half▼ 7.0pp11.8%below the sector's middle half▼ 10.0pp15.0%below the sector's middle half▲ 3.2pp15.9%below the sector's middle half▲ 0.9pp
Staff (FTE)8.4within the sector's middle half▼ 13.4%7.1within the sector's middle half▼ 15.5%6.9within the sector's middle half▼ 2.8%7within the sector's middle half▲ 1.4%8.1within the sector's middle half▲ 15.7%
above
within
below
the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €94,450 after a loss of €74,701 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.1m ▲ 35.4%
Current assets
€1.8m ▼ 4.3%
Equity and liabilities €2.9m
Equity
€455,830 ▲ 14.2%
Debt
€2.4m ▲ 6.7%
Debt's share of the balance-sheet total falls from 85.0% to 84.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€264,444▲
2024 · €24,264
Cash flow
€236,999▲
2024 · €38,658
Current ratio
1.39▼
2024 · 2.51
Quick ratio
0.84▼
2024 · 1.39
Debt to equity
5.30▼
2024 · 5.68
ROE
14.7%▲
2024 · -15.1%
ROA
2.3%▲
2024 · -2.3%
Interest coverage
6.70▼
2024 · 9.67
Debt ≤ 1 year
€1.3m▲
2024 · €738,909
Debt > 1 year
€1.1m▼
2024 · €1.5m
Staff costs
€742,575▲
2024 · €637,341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €567,452 | €554,411 | €637,341 | €742,575 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,104 | €39,783 | €63,423 | €98,965 | €169,994 | ▲ 71.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€9,703 | - | €22,171 | - |
| Other operating charges640/8 | - | €16,581 | €6,306 | €5,174 | €24,868 | ▲ 381% |
| Non-recurring operating charges66A | - | - | - | €8,076 | - | - |
| Gross operating margin9900 | €377,010 | €654,898 | €322,749 | €674,855 | €1.1m | ▲ 56.2% |
| Operating profit (loss)9901 | -€316,557 | €31,082 | -€291,689 | -€74,701 | €94,450 | ▲ 226% |
| Financial income75/76B | - | €4,696 | €14,791 | €16,902 | €12,049 | ▼ 28.7% |
| Recurring financial income75 | €13,298 | €4,696 | €14,791 | €16,902 | €12,049 | ▼ 28.7% |
| Financial charges65/66B | - | €1,883 | €1,345 | €2,508 | €39,494 | ▲ 1,474% |
| Recurring financial charges65 | €6,979 | €1,883 | €1,345 | €2,508 | €39,494 | ▲ 1,474% |
| Profit (loss) for the period before taxes9903 | -€310,238 | €33,895 | -€278,242 | -€60,307 | €67,006 | ▲ 211% |
| Income taxes67/77 | €569 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€310,806 | €33,895 | -€278,242 | -€60,307 | €67,006 | ▲ 211% |
| Profit (loss) for the period to be appropriated9905 | -€310,806 | €33,895 | -€278,242 | -€60,307 | €67,006 | ▲ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.5m | €2.2m | €2.7m | €2.9m | ▲ 7.8% |
| Fixed assets21/28 | €377,340 | €452,071 | €542,400 | €810,957 | €1.1m | ▲ 35.4% |
| Intangible fixed assets21 | - | - | - | €174,474 | €270,931 | ▲ 55.3% |
| Tangible fixed assets22/27 | €376,300 | €451,031 | €535,060 | €629,143 | €819,570 | ▲ 30.3% |
| Plant, machinery and equipment23 | - | €351,963 | €389,820 | €457,228 | €623,236 | ▲ 36.3% |
| Other tangible fixed assets26 | - | €99,067 | €145,240 | €171,916 | €196,334 | ▲ 14.2% |
| Financial fixed assets28 | €1,040 | €1,040 | €7,340 | €7,340 | €7,340 | = |
| Current assets29/58 | €1.4m | €2.0m | €1.7m | €1.9m | €1.8m | ▼ 4.3% |
| Stocks and contracts in progress3 | €577,124 | €682,773 | €842,232 | €825,840 | €700,256 | ▼ 15.2% |
| Stocks30/36 | - | €682,773 | €842,232 | €825,840 | €700,256 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €564,199 | €979,811 | €536,634 | €892,388 | €954,419 | ▲ 7.0% |
| Trade receivables40 | - | €745,648 | €342,449 | €645,215 | €841,179 | ▲ 30.4% |
| Other amounts receivable41 | - | €234,164 | €194,185 | €247,173 | €113,239 | ▼ 54.2% |
| Cash at bank and in hand54/58 | €224,864 | €346,938 | €247,220 | €121,312 | €101,815 | ▼ 16.1% |
| Deferred charges and accrued income490/1 | - | €10,942 | €51,183 | €15,231 | €19,232 | ▲ 26.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.5m | €2.2m | €2.7m | €2.9m | ▲ 7.8% |
| Equity10/15 | €505,610 | €539,505 | €261,263 | €399,032 | €455,830 | ▲ 14.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €444,110 | €478,005 | €478,005 | €478,005 | €478,005 | = |
| Non-distributable reserves130/1 | - | €123,276 | €123,276 | €123,276 | €123,276 | = |
| Legal reserve130 | - | €123,276 | €123,276 | €123,276 | €123,276 | = |
| Tax-exempt reserves132 | - | €560 | €560 | €560 | €560 | = |
| Distributable reserves133 | - | €354,169 | €354,169 | €354,169 | €354,169 | = |
| Profit (loss) carried forward14 | €989 | - | -€278,242 | -€338,549 | -€271,544 | ▲ 19.8% |
| Investment grants15 | - | - | - | €198,076 | €187,869 | ▼ 5.2% |
| Amounts payable17/49 | €1.3m | €1.9m | €2.0m | €2.3m | €2.4m | ▲ 6.7% |
| Amounts payable after more than one year17 | - | €1.5m | €1.5m | €1.5m | €1.1m | ▼ 26.6% |
| Trade debts175 | - | €1.5m | €1.5m | €1.5m | €1.1m | ▼ 26.6% |
| Amounts payable within one year42/48 | €1.2m | €386,050 | €412,540 | €738,909 | €1.3m | ▲ 72.5% |
| Trade debts44 | €1.1m | €248,655 | €231,050 | €515,996 | €997,999 | ▲ 93.4% |
| Suppliers440/4 | - | €248,655 | €231,050 | €515,996 | €997,999 | ▲ 93.4% |
| Taxes, remuneration and social security45 | - | €42,295 | €86,390 | €128,914 | €130,623 | ▲ 1.3% |
| Taxes450/3 | - | - | €11,399 | €4,335 | €1,539 | ▼ 64.5% |
| Remuneration and social security454/9 | - | €42,295 | €74,991 | €124,578 | €129,084 | ▲ 3.6% |
| Other amounts payable47/48 | - | €95,100 | €95,100 | €94,000 | €145,677 | ▲ 55.0% |
| Accrued charges and deferred income492/3 | - | €50,511 | €49,398 | €31,317 | €45,503 | ▲ 45.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€310,806 | €33,895 | -€278,242 | -€60,307 | €67,006 | ▲ 211% |
| + Depreciation and write-downs630 | €18,104 | €39,783 | €63,423 | €98,965 | €169,994 | ▲ 71.8% |
| Operating cash flow (approximation) | -€292,702 | €73,678 | -€214,819 | €38,658 | €236,999 | ▲ 513% |
| Investment in fixed assets (approximation) | - | -€114,515 | -€153,753 | -€367,522 | -€456,878 | ▼ 24.3% |
| Change in cash | - | €122,074 | -€99,718 | -€125,908 | -€19,496 | ▲ 84.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €67,006
Net result €67,006 after 2 loss-making years.
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €33,895
Net result €33,895 after 2 loss-making years.
31-03
Financial
Liquidity times 5current ratio 5.23
Current ratio from 1.13 to 5.23; short-term debt falls from €1.2m to €386,050.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Weakest financial yearnet -€310,806
Net result drops to -€310,806, the lowest in the series; recovery starts the following year.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Dentergem · 1 establishment unit since 1998
Ground area
1.6 ha
Building footprint
376 m²
Volume, LiDAR
2,007 m³
Parcel 37002B0294/00L000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALL-DRAIN
since 19982.232.490.137
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002B0294/00L000 | Flanders | 1.6 ha | 1 · 376 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 241,162 EUR awarded · 160,581 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 41,162 EUR | 45,581 EUR |
| 2024 | 1 | 0 EUR | 90,000 EUR |
| 2023 | 2 | 200,000 EUR | 25,000 EUR |
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Of 165 companies in sector 24200 we hold annual accounts for 95. 55 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-01-1998
Fiscal year end31-03
Activities, NACEBEL 2025
13200Manufacture of textiles
24200Manufacture of basic metals
22210Manufacture of rubber and plastic products
46841Wholesale trade
73110Advertising agencies
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462525001
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.