DANNEELS TRADING · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DANNEELS TRADING is 1.9% (moderate). The 2024 annual accounts show equity of €1.86M and a net result of €600k. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 62% of 963 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-06-2025	31 d early	2025-00198765
31-12-2023	31-07-2024	15-07-2024	16 d early	2024-00243220
31-12-2022	31-07-2023	22-05-2023	70 d early	2023-00090520

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Multiple establishment units +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€600k+11.2%

Working capital€2.43M+17.1%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~45%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	39.6%	27.4%	better than 62% of 963 sector peers
Net result	€600k	€24k	better than 95% of 963 sector peers
Equity	€1.86M	€172k	better than 90% of 963 sector peers
Gross operating margin	€1.78M	€174k	better than 95% of 961 sector peers
Staff costs	€816k	€166k	higher than 90% of 594 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P62

Improving position over 2022-2024 · n=780-963

Net result P95

Stable position over 2022-2024 · n=782-963

Equity P90

Improving position over 2022-2024 · n=782-963

Gross operating margin P95

Stable position over 2022-2024 · n=781-961

Describes the position versus peers, not a forecast.

EBITDA

€941k

+11.4% 22-24

Net profit

€600k

+11.2% 22-24

Cash flow

€643k

+12.8% 22-24

Total assets

€4.70M

+20.2% 22-24

Equity

€1.86M

+47.4% 22-24

Working capital

€2.43M

+17.1% 22-24

Employees (FTE)

16

+25.8% 22-24

Staff costs

€816k

+22.3% 22-24

Income taxes

€200k

+9.5% 22-24

Dividends

€2k

+4.1% 22-24

Debt

€2.84M

+7.2% 22-24

Debt ≤ 1y

€2.14M

+26.2% 22-24

Debt > 1y

€704k

-26.1% 22-24

Current ratio

2.14

-4.0% 22-24

Quick ratio

0.93

-8.2% 22-24

Solvency

39.6%

+22.7% 22-24

Debt / equity

1.53

-27.3% 22-24

ROE

32.3%

-24.6% 22-24

ROA

12.8%

-7.5% 22-24

Interest coverage

5.99

+16.3% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€941k
Net profit	€600k
Cash flow	€643k
Staff costs	€816k
Income taxes	€200k
Dividends	€2k
Total assets	€4.70M
Equity	€1.86M
Debt	€2.84M
of which ≤ 1y	€2.14M
of which > 1y	€704k
Working capital	€2.43M
Employees (FTE)	15.6

Ratios (computed)

	2024
Current ratio	2.14
Quick ratio	0.93
Working capital ratio	51.6%
Solvency	39.6%
Debt / equity	1.53
Long-term debt ratio	0.38
Interest coverage	5.99
Gross margin	-
Net margin	-
ROA	12.8%
ROE	32.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €137k · 2.9% Current assets €4.56M · 97.1%

Equity & liabilities

Equity €1.86M · 39.6% Debt €2.84M · 60.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.70M
Fixed assets	21/28	€137k
Intangible fixed assets	21	€32k
Tangible fixed assets	22/27	€105k
Current assets	29/58	€4.56M
Stocks & contracts in progress	3	€2.58M
Amounts receivable within one year	40/41	€1.47M
Cash & bank	54/58	€483k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.70M
Equity	10/15	€1.86M
Contributions / capital	10/11	€10k
Reserves	13	€1.85M
Accumulated profits (losses)	14	€842
Amounts payable	17/49	€2.84M
Amounts payable after one year	17	€704k
Amounts payable within one year	42/48	€2.14M
Trade debts payable within one year	44	€1.17M
Income statement
Gross operating margin	9900	€1.78M
Operating result	9901	€899k
Financial income	75	€59k
Financial charges	65	€157k
Result before taxes	9903	€800k
Income taxes	67/77	€200k
Net result for the period	9904	€600k
Result to be appropriated	9905	€600k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

89 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

Ellix Irıvest BVLegal entity
Director
State Gazette act 23046172 (04-04-2023)

Current
03-03-2023 → present
Thomas Danneels
Director
State Gazette act 22059846 (17-05-2022)

Current
17-05-2022 → present

Former directors (1)

Annabel De Cleer
Director
State Gazette act 22059846 (17-05-2022)

Former
01-05-2022 → 03-03-2023
2 events
- 03-03-2023 Resigned· Director
- 01-05-2022 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Groothandel in kantoor- en schoolbenodigdheden(46492)
Legal form	Private limited company(610)
Incorporation	17-12-2021
Status	Active
Postal code	8200

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Dirk Martensstraat 88200 Brugge

Establishment units

2 locations

DANNEELS TRADING

Dirk Martensstraat 8, 8200 BruggeGroothandel in kantoor- en schoolbenodigdheden

since 20212.326.051.387

DANNEELS TRADING

Lieven Bauwensstraat 19b, 8200 BruggeGroothandel in kantoor- en schoolbenodigdheden

since 20232.344.477.627

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area5,729 m²

Buildings2

Building footprint1,877 m²

Volume (LiDAR)7,999 m³

Tallest building6.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31424B0532/00E000	Flanders	2,899 m²	1 · 877 m²	6.1 m · 2 fl.
31424B0595/00L000	Flanders	2,830 m²	1 · 1,000 m²	5.5 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

All acts · 2 updated 3 years ago

2023

04-04-2023 1 director appointed, 1 resigning Director changes

Ellix Irıvest BV, Bestuurder
Annabel De Cleer, Bestuurder

Original publication ↗

2022

17-05-2022 2 directors appointed Director changes

Annabel De Cleer, Bestuurder
Thomas Danneels, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 89

Profitability 100

Solvency 83

Growth 52

Stability 94

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