D'HAENE FRERES
ActiveD'HAENE FRERES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €338k and a net result of €16k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 3101 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy▲ +29 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▲+23
Solvency59▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.56 in 2024), and 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
40.1%
Return on assets
1.9%
Age of the figures
18 mo
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
50 d early
2023
40 d early
2022
56 d early
2021
40 d early
2020
39 d early
2019
30 d early
← before the deadline
after the deadline →
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 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€338k▲ 2.8%
2024 · €329k
2019: €253k
2020: €277k
2021: €312k
2022: €338k
2023: €342k
2024: €329k
2019 → 2025
Total assets
€843k▲ 4.8%
2024 · €804k
2019: €571k
2020: €628k
2021: €659k
2022: €590k
2023: €905k
2024: €804k
2019 → 2025
Net result
€16k
2024 · €-6k
2019: €-51k
2020: €33k
2021: €44k
2022: €32k
2023: €6k
2024: €-6k
2019 → 2025
Working capital
€-38k▲ 71.1%
2024 · €-131k
2019: €27k
2020: €55k
2021: €-13k
2022: €22k
2023: €-84k
2024: €-131k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€312k-€338k▲ 8.3%€342k▲ 1.4%€329k▼ 4.0%€338k▲ 2.8%
Operating result€39k-€30k▼ 24.5%€-6k€-7k▼ 14.0%€17k
Net result€44k-€32k▼ 28.2%€6k▼ 80.4%€-6k€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €843k
Fixed assets
€603k▼ 5.7%
Current assets
€241k▲ 45.6%
Equity and liabilities €843k
Equity
€338k▲ 2.8%
Debt
€505k▲ 6.3%
The debt ratio rises from 59.1% to 59.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€255k▲
2024 · €207k
Cash flow
€254k▲
2024 · €208k
Solvency
40.1%▼
2024 · 40.9%
Current ratio
0.86▲
2024 · 0.56
Quick ratio
0.73▲
2024 · 0.43
Debt / equity
1.50▲
2024 · 1.45
ROE
4.7%▲
2024 · -1.7%
ROA
1.9%▲
2024 · -0.7%
Interest coverage
30.94▲
2024 · 29.24
Debt
€505k▲
2024 · €476k
Debt ≤ 1 year
€279k▼
2024 · €296k
Debt > 1 year
€227k▲
2024 · €179k
Staff costs
€61k▼
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€804k€843k▲
Fixed assets21/28€639k€603k▼
Tangible fixed assets22/27€639k€602k▼
Plant, machinery and equipment23€481k€465k▼
Leasing and similar rights25€158k€138k▼
Financial fixed assets28€124€124=
Current assets29/58€165k€241k▲
Stocks and contracts in progress3€36k€38k▲
Stocks30/36€36k€38k▲
Amounts receivable within one year40/41€59k€31k▼
Trade receivables40€29k€13k▼
Other amounts receivable41€30k€18k▼
Cash at bank and in hand54/58€70k€172k▲
Equity and liabilities
Total equity and liabilities10/49€804k€843k▲
Equity10/15€329k€338k▲
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€232k€232k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€23k€23k=
Distributable reserves133€197k€197k=
Profit (loss) carried forward14€-23k€-7k▲
Investment grants15€8k€1k▼
Amounts payable17/49€476k€505k▲
Amounts payable after more than one year17€179k€227k▲
Financial debts170/4€179k€227k▲
Amounts payable within one year42/48€296k€279k▼
Current portion of amounts payable after more than one year42€103k€93k▼
Trade debts44€40k€33k▼
Suppliers440/4€40k€33k▼
Taxes, remuneration and social security45€4k€3k▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€150k€150k=
Accrued charges and deferred income492/3€12€12=
Income statement
Code20242025
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€63k€61k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€214k€238k▲
Other operating charges640/8€2k€988▼
Gross operating margin9900€272k€317k▲
Operating profit (loss)9901€-7k€17k▲
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-6k€16k▲
Profit (loss) for the period9904€-6k€16k▲
Profit (loss) for the period to be appropriated9905€-6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-7k▲
Profit (loss) brought forward from the previous period14P€-17k€-23k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €44k ▲35.2%
Operating result €39k, net result €44k, both a record.
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
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.
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, Tournai · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Bailleul (R-C) 207520 TournaiGround area
4,486 m²
Building footprint
89 m²
Volume, LiDAR
766 m³
Parcel 57069A0109/00G000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Bailleul (R-C) 20, 7520 Tournai
since 19942.068.630.809
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069A0109/00G000 | Wallonia | 4,486 m² | 1 · 89 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.068.630.809
Similar companies · same sector, comparable size
MATAGRI
BE 0440.242.220
Ath · Eq €340k
BYL OLIVIER
BE 0884.800.841
Thuin · Eq €334k
WILVAGRO
BE 0635.862.813
Evergem · Eq €333k
ASCOLO
BE 0468.892.654
Herzele · Eq €332k
POTATO AGRI
BE 0600.952.810
Ham-sur-Heure-Nalinnes · Eq €345k
Of 4,670 companies in sector 01610 we hold annual accounts for 1,363. 1,107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-10-1994
Fiscal year end31-03
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.