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D.E.G. TANKING

Active
Public limited companyfounded 201114 yrs activeStaatsbaan 28, 8610 Kortemark, BelgiumKBO/BCE: BE 0841.940.501
Summary

The computed 12-month bankruptcy probability of D.E.G. TANKING is 1.6% (moderate). The annual accounts of D.E.G. TANKING for fiscal year 2025 show a net loss of 949% of total assets and of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €43,154 and a net result of -€876,116. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 826 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-80
Solvency72▼-28
Growth22=
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.3 against 24.47 in 2024; short-term debt: 43.4% and cash: 23.3% of total assets), but 53.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46.7%
Return on assets
-948.5%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
29 d late
2023
27 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
69 d late
← 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 31 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 December 2011, D.E.G. TANKING was incorporated.1 Total assets went from EUR 1.7 million in 2018 to EUR 92,368 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€67,640▼ 99.6%
2018 · €16.4m
EBIT margin
-35.7%▼ 42.5pp
2018 · 6.9%
Net result
-€876,116
2024 · €86,890
Working capital
€52,247▼ 94.3%
2024 · €924,500
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€7,962▲ 87.0%-€6,517▲ 18.1%-€6,016▲ 7.7%€95,049-€7,119
Net result-€24,178below the sector's middle half▲ 58.8%-€7,676within the sector's middle half▲ 68.3%-€7,313below the sector's middle half▲ 4.7%€86,890within the sector's middle half-€876,116
EBIT margin
Equity€847,369above the sector's middle half▼ 2.8%€839,693above the sector's middle half▼ 0.9%€832,380above the sector's middle half▼ 0.9%€919,270above the sector's middle half▲ 10.4%€43,154▼ 95.3%
Total assets€989,319above the sector's middle half▼ 3.2%€985,713above the sector's middle half▼ 0.4%€977,504above the sector's middle half▼ 0.8%€964,083within the sector's middle half▼ 1.4%€92,368▼ 90.4%
Debt€41,950▼ 16.0%€46,020▲ 9.7%€45,124▼ 1.9%€44,813▼ 0.7%€49,214▲ 9.8%
Working capital€944,626above the sector's middle half▼ 1.5%€943,246above the sector's middle half▼ 0.1%€936,829above the sector's middle half▼ 0.7%€924,500above the sector's middle half▼ 1.3%€52,247▼ 94.3%
Solvency85.7%above the sector's middle half▲ 0.3pp85.2%above the sector's middle half▼ 0.5pp85.2%above the sector's middle half=95.4%above the sector's middle half▲ 10.2pp46.7%▼ 48.6pp
Current ratio25.26above the sector's middle half▲ 0.6724.50above the sector's middle half▼ 0.7624.50above the sector's middle half=24.47above the sector's middle half▼ 0.032.30▼ 22.17
Return on assets (ROA)-2.4%below the sector's middle half▲ 3.3pp-0.8%within the sector's middle half▲ 1.7pp-0.7%within the sector's middle half=9.0%within the sector's middle half▲ 9.8pp-948.5%▼ 957.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m-€750,000-€500,000-€250,000€0Operating result 2021: -€7,962-€7,962Net result 2021: -€24,178-€24,178Operating result 2022: -€6,517-€6,517Net result 2022: -€7,676-€7,676Operating result 2023: -€6,016-€6,016Net result 2023: -€7,313-€7,313Operating result 2024: €95,049€95,049Net result 2024: €86,890€86,890Operating result 2025: -€7,119-€7,119Net result 2025: -€876,116-€876,11620212022202320242025-€1m-€750,000-€500,000-€250,000€0Operating result 2023: -€6,016-€6,020Net result 2023: -€7,313-€7,310Operating result 2024: €95,049€95,000Net result 2024: €86,890€86,900Operating result 2025: -€7,119-€7,120Net result 2025: -€876,116-€876,000202320242025
The operating result turns negative in 2025: a loss of €7,119 after €95,049 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €92,368
Equity €43,154 ▼ 95.3%
Debt €49,214 ▲ 9.8%
Debt's share of the balance-sheet total rises from 4.6% to 53.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,927▼
2024 · €95,667
Cash flow
-€875,925▼
2024 · €87,508
Debt to equity
1.14▲
2024 · 0.05
Interest coverage
-0.01▼
2024 · 11.61
Debt ≤ 1 year
€40,122▲
2024 · €39,392
A ratio outside any meaningful range has been withheld (balance sheet total €92,368, equity €43,154).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,340 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% 1.0%
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% 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 4,805 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 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€964,083€92,368▼
Fixed assets21/28€191€0▼
Tangible fixed assets22/27€191€0▼
Furniture and vehicles24€0-
Other tangible fixed assets26€191€0▼
Current assets29/58€963,892€92,368▼
Amounts receivable within one year40/41€924,209€70,861▼
Trade receivables40€6,560€20,301▲
Other amounts receivable41€917,649€50,560▼
Cash at bank and in hand54/58€39,683€21,507▼
Equity and liabilities
Total equity and liabilities10/49€964,083€92,368▼
Equity10/15€919,270€43,154▼
Contributions10/11€650,000€650,000=
Capital10€650,000€650,000=
Issued capital100€650,000€650,000=
Reserves13€42,500€42,500=
Non-distributable reserves130/1€42,500€42,500=
Legal reserve130€42,500€42,500=
Profit (loss) carried forward14€226,770-€649,346▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€44,813€49,214▲
Amounts payable within one year42/48€39,392€40,122▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€6,686€7,416▲
Suppliers440/4€6,686€7,416▲
Other amounts payable47/48€32,706€32,706=
Accrued charges and deferred income492/3€5,421€9,093▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€618€191▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€24,269€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€100,000€0▲
Other operating charges640/8€27,279€3,102▼
Gross operating margin9900-€1,324-€3,825▼
Operating profit (loss)9901€95,049-€7,119▼
Financial income75/76B€83€48▼
Recurring financial income75€83€48▼
Financial charges65/66B€8,242€869,046▲
Recurring financial charges65€8,242€869,046▲
Profit (loss) for the period before taxes9903€86,890-€876,116▼
Profit (loss) for the period9904€86,890-€876,116▼
Profit (loss) for the period to be appropriated9905€86,890-€876,116▼
Appropriation of the result
Profit (loss) to be appropriated9906€226,770-€649,346▼
Profit (loss) brought forward from the previous period14P€139,880€226,770▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€6,533€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,241€3,424€1,518€618€191▼ 69.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€3,660€0-€24,269€0▲ 100%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€100,000€0▲ 100%
Other operating charges640/8€2,402€6,431€2,917€27,279€3,102▼ 88.6%
Gross operating margin9900€2,681-€322-€1,582-€1,324-€3,825▼ 189%
Operating profit (loss)9901-€7,962-€6,517-€6,016€95,049-€7,119▼ 107%
Financial income75/76B€5,602€27€0€83€48▼ 41.9%
Recurring financial income75€5,602€27€0€83€48▼ 41.9%
Financial charges65/66B€21,818€1,186€1,296€8,242€869,046▲ 10,444%
Recurring financial charges65€21,818€1,186€1,296€8,242€869,046▲ 10,444%
Profit (loss) for the period before taxes9903-€24,178-€7,676-€7,313€86,890-€876,116▼ 1,108%
Profit (loss) for the period9904-€24,178-€7,676-€7,313€86,890-€876,116▼ 1,108%
Profit (loss) for the period to be appropriated9905-€24,178-€7,676-€7,313€86,890-€876,116▼ 1,108%
Line20212022202320242025Change
Assets
Total assets20/58€989,319€985,713€977,504€964,083€92,368▼ 90.4%
Fixed assets21/28€5,751€2,327€809€191€0▼ 100%
Tangible fixed assets22/27€5,751€2,327€809€191€0▼ 100%
Furniture and vehicles24€425€271€118€0--
Other tangible fixed assets26€5,326€2,056€691€191€0▼ 100%
Current assets29/58€983,568€983,386€976,695€963,892€92,368▼ 90.4%
Amounts receivable after more than one year29€522,212€0----
Other amounts receivable291€522,212€0----
Amounts receivable within one year40/41€402,288€922,290€875,988€924,209€70,861▼ 92.3%
Trade receivables40€296,845€164,277€27,076€6,560€20,301▲ 209%
Other amounts receivable41€105,443€758,013€848,912€917,649€50,560▼ 94.5%
Cash at bank and in hand54/58€44,799€55,650€100,707€39,683€21,507▼ 45.8%
Deferred charges and accrued income490/1€14,269€5,447€0---
Equity and liabilities
Total equity and liabilities10/49€989,319€985,713€977,504€964,083€92,368▼ 90.4%
Equity10/15€847,369€839,693€832,380€919,270€43,154▼ 95.3%
Contributions10/11€650,000€650,000€650,000€650,000€650,000=
Capital10€650,000€650,000€650,000€650,000€650,000=
Issued capital100€650,000€650,000€650,000€650,000€650,000=
Reserves13€42,500€42,500€42,500€42,500€42,500=
Non-distributable reserves130/1€42,500€42,500€42,500€42,500€42,500=
Legal reserve130€42,500€42,500€42,500€42,500€42,500=
Profit (loss) carried forward14€154,869€147,193€139,880€226,770-€649,346▼ 386%
Provisions and deferred taxes16€100,000€100,000€100,000€0--
Provisions for liabilities and charges160/5€100,000€100,000€100,000€0--
Other liabilities and charges164/5€100,000€100,000€100,000€0--
Amounts payable17/49€41,950€46,020€45,124€44,813€49,214▲ 9.8%
Amounts payable after more than one year17€2,708€681€0---
Financial debts170/4€2,708€681€0---
Amounts payable within one year42/48€38,942€40,140€39,865€39,392€40,122▲ 1.9%
Current portion of amounts payable after more than one year42€2,001€2,027€681€0--
Trade debts44€4,519€4,899€6,478€6,686€7,416▲ 10.9%
Suppliers440/4€4,519€4,899€6,478€6,686€7,416▲ 10.9%
Taxes, remuneration and social security45-€793€0---
Taxes450/3-€793€0---
Other amounts payable47/48€32,421€32,421€32,706€32,706€32,706=
Accrued charges and deferred income492/3€300€5,199€5,259€5,421€9,093▲ 67.7%
Line20212022202320242025Change
Profit (loss) for the period9904-€24,178-€7,676-€7,313€86,890-€876,116▼ 1,108%
+ Depreciation and write-downs630€8,241€3,424€1,518€618€191▼ 69.1%
Operating cash flow (approximation)-€15,937-€4,252-€5,795€87,508-€875,925▼ 1,101%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€10,851€45,057-€61,024-€18,176▲ 70.2%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€876,116
Net result drops to -€876,116, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial Back to profitnet €86,890
Net result €86,890 after 5 loss-making years.
27-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Liquidity times 6current ratio 24.59
Current ratio from 3.89 to 24.59; short-term debt falls from €349,502 to €40,646.
08-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
30-09
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Kortemark · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
6,238 m²
Building footprint
341 m²
Volume, LiDAR
1,543 m³
Parcel 32011C1439/00V000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
Station Kortemark
Staatsbaan 28, 8610 KortemarkRetail trade
since 20122.213.454.579
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32011C1439/00V000 Flanders 6,238 m² 1 · 341 m² 6.8 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HRMES 100%
  2. DESIMPEL ENERGY GROUP 100%
  3. D.E.G. TANKING

Highest known parent: HRMES. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 8,437 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
Founded12-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0841940501
Registered 15-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.