Skip to content

D C.E.L.

Active
Private limited companyfounded 2024active for 2 yearsRoute du Condroz 104/11, 4100 Seraing, BelgiumKBO/BCE: BE 1014.123.815
Summary

The computed 12-month bankruptcy probability of D C.E.L. is 3.3% (moderate). The 2025 annual accounts show equity of €5,498 and a net result of €1,998. Its solvency ranks better than 13% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00404642.

Equity
€5,498
Total assets
€63,664
Net result
€1,998
Working capital
€2,733

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €63,664
Fixed assets €2,765
Current assets €60,900
Equity and liabilities €63,664
Equity €5,498
Debt €58,167
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€3,643
Cash flow
€2,800
Current ratio
1.05
Quick ratio
0.83
Debt to equity
10.58
ROE
36.3%
ROA
3.1%
Interest coverage
39.60
Debt ≤ 1 year
€58,167
Income taxes
€842

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.4% stopped otherwise
92.0% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,135 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€63,664
Fixed assets21/28€2,765
Tangible fixed assets22/27€2,765
Plant, machinery and equipment23€1,211
Furniture and vehicles24€1,554
Current assets29/58€60,900
Stocks and contracts in progress3€12,500
Stocks30/36€12,500
Amounts receivable within one year40/41€42,254
Trade receivables40€32,504
Other amounts receivable41€9,750
Cash at bank and in hand54/58€5,216
Deferred charges and accrued income490/1€929
Equity and liabilities
Total equity and liabilities10/49€63,664
Equity10/15€5,498
Contributions10/11€3,500
Profit (loss) carried forward14€1,998
Amounts payable17/49€58,167
Amounts payable within one year42/48€58,167
Trade debts44€50,632
Suppliers440/4€50,632
Taxes, remuneration and social security45€7,535
Taxes450/3€2,922
Remuneration and social security454/9€4,613
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€803
Other operating charges640/8€5
Gross operating margin9900€3,648
Operating profit (loss)9901€2,841
Financial income75/76B€91
Recurring financial income75€91
Financial charges65/66B€92
Recurring financial charges65€92
Profit (loss) for the period before taxes9903€2,840
Income taxes67/77€842
Profit (loss) for the period9904€1,998
Profit (loss) for the period to be appropriated9905€1,998
Appropriation of the result
Profit (loss) to be appropriated9906€1,998

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€803
Other operating charges640/8€5
Gross operating margin9900€3,648
Operating profit (loss)9901€2,841
Financial income75/76B€91
Recurring financial income75€91
Financial charges65/66B€92
Recurring financial charges65€92
Profit (loss) for the period before taxes9903€2,840
Income taxes67/77€842
Profit (loss) for the period9904€1,998
Profit (loss) for the period to be appropriated9905€1,998
Line2025
Assets
Total assets20/58€63,664
Fixed assets21/28€2,765
Tangible fixed assets22/27€2,765
Plant, machinery and equipment23€1,211
Furniture and vehicles24€1,554
Current assets29/58€60,900
Stocks and contracts in progress3€12,500
Stocks30/36€12,500
Amounts receivable within one year40/41€42,254
Trade receivables40€32,504
Other amounts receivable41€9,750
Cash at bank and in hand54/58€5,216
Deferred charges and accrued income490/1€929
Equity and liabilities
Total equity and liabilities10/49€63,664
Equity10/15€5,498
Contributions10/11€3,500
Profit (loss) carried forward14€1,998
Amounts payable17/49€58,167
Amounts payable within one year42/48€58,167
Trade debts44€50,632
Suppliers440/4€50,632
Taxes, remuneration and social security45€7,535
Taxes450/3€2,922
Remuneration and social security454/9€4,613
Line2025
Profit (loss) for the period9904€1,998
+ Depreciation and write-downs630€803
Operating cash flow (approximation)€2,800

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 18-08-2026 2026-00404642

Similar companies · same sector, comparable size

Of the 4,213 active companies whose main activity is insulation installation (NACE 43230), figures are known for 1,256. 529 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.