D&L
ActiveD&L has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.87M and a net result of €775k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+3
Solvency82▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.6 against 2.39 in 2024), but 62.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
37.8%
Return on assets
15.6%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
25 d early
2022
2 d late
2021
1 d early
2020
22 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.87M▲ 70.7%
2024 · €1.10M
2018: €555k
2019: €591k
2020: €628k
2021: €714k
2022: €776k
2023: €884k
2024: €1.10M
2018 → 2025
Total assets
€4.96M▲ 137%
2024 · €2.09M
2018: €1.07M
2019: €1.08M
2020: €999k
2021: €1.45M
2022: €1.62M
2023: €1.69M
2024: €2.09M
2018 → 2025
Net result
€775k▲ 265%
2024 · €212k
2018: €35k
2019: €37k
2020: €37k
2021: €86k
2022: €99k
2023: €143k
2024: €212k
2018 → 2025
Working capital
€1.10M▲ 31.1%
2024 · €841k
2018: €424k
2019: €431k
2020: €526k
2021: €536k
2022: €618k
2023: €629k
2024: €841k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€714k-€776k▲ 8.8%€884k▲ 13.9%€1.10M▲ 24.0%€1.87M▲ 70.7%
Operating result€120k-€179k▲ 49.0%€225k▲ 25.5%€322k▲ 43.2%€1.11M▲ 243%
Net result€86k-€99k▲ 15.2%€143k▲ 45.0%€212k▲ 48.3%€775k▲ 265%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 243% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.96M
Fixed assets
€3.43M▲ 430%
Current assets
€1.53M▲ 5.5%
Equity and liabilities €4.96M
Equity
€1.87M▲ 70.7%
Provisions
€178k
Debt
€2.91M▲ 192%
The debt ratio rises from 47.6% to 58.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.25M▲
2024 · €412k
Cash flow
€921k▲
2024 · €302k
Solvency
37.8%▼
2024 · 52.4%
Current ratio
3.60▲
2024 · 2.39
Quick ratio
0.20▼
2024 · 1.11
Debt / equity
1.55▲
2024 · 0.91
ROE
41.4%▲
2024 · 19.4%
ROA
15.6%▲
2024 · 10.2%
Interest coverage
27.58▼
2024 · 48.30
Debt
€2.91M▲
2024 · €996k
Debt ≤ 1 year
€424k▼
2024 · €605k
Debt > 1 year
€2.48M▲
2024 · €369k
Income taxes
€108k▲
2024 · €101k
Staff costs
€249k▲
2024 · €148k
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€2.09M€4.96M▲
Fixed assets21/28€647k€3.43M▲
Intangible fixed assets21€48k€60k▲
Tangible fixed assets22/27€599k€3.37M▲
Land and buildings22€451k€3.15M▲
Plant, machinery and equipment23€31k€147k▲
Furniture and vehicles24€116k€73k▼
Current assets29/58€1.45M€1.53M▲
Stocks and contracts in progress3€774k€1.44M▲
Stocks30/36€774k€1.44M▲
Amounts receivable within one year40/41€430k€14k▼
Trade receivables40€375k-
Other amounts receivable41€55k€14k▼
Current investments50/53-€71k
Cash at bank and in hand54/58€242k-
Equity and liabilities
Total equity and liabilities10/49€2.09M€4.96M▲
Equity10/15€1.10M€1.87M▲
Contributions10/11€20k€20k=
Reserves13€1.08M€1.85M▲
Tax-exempt reserves132-€535k
Distributable reserves133€1.08M€1.32M▲
Provisions and deferred taxes16-€178k
Deferred taxes168-€178k
Amounts payable17/49€996k€2.91M▲
Amounts payable after more than one year17€369k€2.48M▲
Financial debts170/4€369k€2.48M▲
Amounts payable within one year42/48€605k€424k▼
Current portion of amounts payable after more than one year42€98k€209k▲
Financial debts43€13k-
Other loans439€13k-
Trade debts44€159k€155k▼
Suppliers440/4€159k€155k▼
Taxes, remuneration and social security45€74k€59k▼
Taxes450/3€61k€40k▼
Remuneration and social security454/9€13k€19k▲
Other amounts payable47/48€262k€1k▼
Accrued charges and deferred income492/3€22k€218▼
Income statement
Code20242025
Remuneration, social security and pensions62€148k€249k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€146k▲
Other operating charges640/8€6k€388k▲
Gross operating margin9900€566k€1.89M▲
Operating profit (loss)9901€322k€1.11M▲
Financial income75/76B-€38
Recurring financial income75-€38
Financial charges65/66B€9k€45k▲
Recurring financial charges65€9k€45k▲
Profit (loss) for the period before taxes9903€314k€1.06M▲
Transfer from deferred taxes780-€11k
Transfer to deferred taxes680-€189k
Income taxes67/77€101k€108k▲
Profit (loss) for the period9904€212k€775k▲
Transfer from tax-exempt reserves789-€33k
Transfer to tax-exempt reserves689-€568k
Profit (loss) for the period to be appropriated9905€212k€240k▲
Appropriation of the result
Profit (loss) to be appropriated9906€212k€240k▲
Transfer to equity691/2€212k€240k▲
To other reserves6921€212k€240k▲
Social balance
Average headcount (FTE)90873.64.9▲
The notes to these accounts (14 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
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
30-09
Financial
Highest result since 2018net €775k ▲265%
Operating result €1.11M, net result €775k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-09
Financial
Equity above €1MEq €1.10M ▲24%
7 profitable years in a row build equity to €1.10M.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
Directors · office · real estate
Directors
2 directors, no change since 2024
VALGAEREN Danny Karel
CurrentDirector · since 28-12-2023
05-09-2024
Valgaeren Lutgarde: Resigned as Director
28-12-2023
VALGAEREN Danny Karel: Resigned as Director
28-12-2023
VALGAEREN Danny Karel: Appointed as Director
Location & real-estate footprint
Registered office, Hulshout · 1 establishment unit since 1999
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.
Magazijnenstraat 10-142235 HulshoutGround area
4,393 m²
Building footprint
2,513 m²
Volume, LiDAR
14,433 m³
Parcel 13016B0001/00M006, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D & L PRODUCTS
since 19992.092.738.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016B0001/00M006 | Flanders | 4,393 m² | 1 · 2,513 m² | 7.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 4 entries · 6,251 EUR awarded · 6,251 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,580 EUR | 6,080 EUR |
| 2024 | 2 | 4,671 EUR | 171 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BRUPHIL'S
BE 0422.295.834
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NEW T-CORE
BE 0811.713.915
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DENIM PLUS
BE 0655.885.888
Antwerpen · Eq €1.76M
Of 1,299 companies in sector 46423 we hold annual accounts for 807. 365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-1999
Fiscal year end30-09
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
47783Retail trade
51421
46496Wholesale trade
46841Wholesale trade
47640Retail sale of games and toys
47650Retail trade
47715Retail trade
47789Other retail sale of new goods
47890Retail trade
51476
52489
52623
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@denl.be