Daro
ActiveSummary
Daro has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €132,146 and a net result of €46,563. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 26% of 99 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability82▲+63
Solvency55▲+11
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.88 in 2025; short-term debt: 51.4% and cash: 20.4% of total assets), and 70.2% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
29.8%
Return on assets
10.5%
Age of the figures
6 mo
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €132,146
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-09-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
46 d early
2025
15 d early
2024
9 d early
2023
5 d early
2022
6 d early
2021
3 d early
2020
23 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€132,146▲ 54.4%
2025 · €85,583
Total assets
€444,058▼ 3.9%
2025 · €461,905
Net result
€46,563
2025 · -€29,917
Working capital
€24,608
2025 · -€33,638
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€8,736▼ 46.7%-€5,400€4,858-€22,848€62,170
Net result€2,279▼ 61.6%-€10,255-€4,657▲ 54.6%-€29,917▼ 542%€46,563
Equity€130,413▲ 1.8%€120,158▼ 7.9%€115,500▼ 3.9%€85,583▼ 25.9%€132,146▲ 54.4%
Total assets€637,411▼ 6.8%€580,634▼ 8.9%€566,243▼ 2.5%€461,905▼ 18.4%€444,058▼ 3.9%
Debt€506,998▼ 8.8%€460,476▼ 9.2%€450,742▼ 2.1%€376,322▼ 16.5%€311,913▼ 17.1%
Working capital-€4,089▲ 65.2%-€6,683▼ 63.4%-€16,976▼ 154%-€33,638▼ 98.2%€24,608
Staff (FTE)3.6▼ 5.3%3.1▼ 13.9%3.3▲ 6.5%1.1▼ 66.7%1▼ 9.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €62,170 after a loss of €22,848 in 2025, the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €444,058
Fixed assets
€191,295 ▼ 13.9%
Current assets
€252,763 ▲ 5.4%
Equity and liabilities €444,058
Equity
€132,146 ▲ 54.4%
Debt
€311,913 ▼ 17.1%
Debt's share of the balance-sheet total falls from 81.5% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92,164▲
2025 · €9,263
Cash flow
€76,557▲
2025 · €2,194
Current ratio
1.11▲
2025 · 0.88
Quick ratio
0.63▲
2025 · 0.38
Debt to equity
2.36▼
2025 · 4.40
ROE
35.2%▲
2025 · -35.0%
ROA
10.5%▲
2025 · -6.5%
Interest coverage
7.19▲
2025 · 0.96
Debt ≤ 1 year
€228,156▼
2025 · €273,413
Debt > 1 year
€83,757▼
2025 · €102,909
Income taxes
€5,512
Staff costs
€15,388▼
2025 · €75,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
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 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,049 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €147,595 | €154,770 | €126,520 | €75,926 | €15,388 | ▼ 79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,622 | €36,355 | €31,940 | €32,111 | €29,994 | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,111 | - | - | - | - | - |
| Other operating charges640/8 | €6,354 | €6,045 | €6,219 | €6,590 | €8,796 | ▲ 33.5% |
| Gross operating margin9900 | €202,418 | €191,770 | €169,536 | €91,779 | €116,349 | ▲ 26.8% |
| Operating profit (loss)9901 | €8,736 | -€5,400 | €4,858 | -€22,848 | €62,170 | ▲ 372% |
| Financial income75/76B | €3,391 | €5,738 | €3,253 | €2,584 | €2,717 | ▲ 5.2% |
| Recurring financial income75 | €3,391 | €5,738 | €3,253 | €2,584 | €2,717 | ▲ 5.2% |
| Financial charges65/66B | €8,134 | €10,593 | €12,769 | €9,653 | €12,813 | ▲ 32.7% |
| Recurring financial charges65 | €8,134 | €10,593 | €12,769 | €9,653 | €12,813 | ▲ 32.7% |
| Profit (loss) for the period before taxes9903 | €3,993 | -€10,255 | -€4,657 | -€29,917 | €52,074 | ▲ 274% |
| Income taxes67/77 | €1,714 | - | - | - | €5,512 | - |
| Profit (loss) for the period9904 | €2,279 | -€10,255 | -€4,657 | -€29,917 | €46,563 | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | €2,279 | -€10,255 | -€4,657 | -€29,917 | €46,563 | ▲ 256% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €637,411 | €580,634 | €566,243 | €461,905 | €444,058 | ▼ 3.9% |
| Fixed assets21/28 | €291,085 | €266,140 | €253,893 | €222,130 | €191,295 | ▼ 13.9% |
| Intangible fixed assets21 | €734 | €1,687 | €830 | €149 | - | - |
| Tangible fixed assets22/27 | €290,351 | €264,454 | €253,062 | €221,982 | €191,295 | ▼ 13.8% |
| Land and buildings22 | €264,598 | €245,000 | €233,107 | €208,769 | €184,430 | ▼ 11.7% |
| Plant, machinery and equipment23 | €10,138 | €6,755 | €11,435 | €8,004 | €5,760 | ▼ 28.0% |
| Furniture and vehicles24 | €15,615 | €12,699 | €8,520 | €5,209 | €1,105 | ▼ 78.8% |
| Current assets29/58 | €346,327 | €314,494 | €312,350 | €239,775 | €252,763 | ▲ 5.4% |
| Stocks and contracts in progress3 | €126,182 | €137,494 | €137,857 | €136,697 | €109,511 | ▼ 19.9% |
| Stocks30/36 | €126,182 | €137,494 | €137,857 | €136,697 | €109,511 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €112,440 | €140,493 | €103,612 | €65,974 | €47,595 | ▼ 27.9% |
| Trade receivables40 | €76,546 | €103,586 | €73,250 | €47,965 | €38,474 | ▼ 19.8% |
| Other amounts receivable41 | €35,895 | €36,906 | €30,362 | €18,009 | €9,122 | ▼ 49.3% |
| Cash at bank and in hand54/58 | €101,034 | €29,912 | €64,173 | €31,309 | €90,800 | ▲ 190% |
| Deferred charges and accrued income490/1 | €6,670 | €6,595 | €6,708 | €5,795 | €4,857 | ▼ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €637,411 | €580,634 | €566,243 | €461,905 | €444,058 | ▼ 3.9% |
| Equity10/15 | €130,413 | €120,158 | €115,500 | €85,583 | €132,146 | ▲ 54.4% |
| Contributions10/11 | €18,600 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €109,534 | €109,953 | €109,953 | €109,953 | €109,953 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €107,674 | €109,953 | €109,953 | €109,953 | €109,953 | = |
| Profit (loss) carried forward14 | €2,279 | -€10,255 | -€14,912 | -€44,830 | €1,733 | ▲ 104% |
| Amounts payable17/49 | €506,998 | €460,476 | €450,742 | €376,322 | €311,913 | ▼ 17.1% |
| Amounts payable after more than one year17 | €156,583 | €139,300 | €121,416 | €102,909 | €83,757 | ▼ 18.6% |
| Financial debts170/4 | €156,583 | €139,300 | €121,416 | €102,909 | €83,757 | ▼ 18.6% |
| Amounts payable within one year42/48 | €350,416 | €321,176 | €329,326 | €273,413 | €228,156 | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | €20,206 | €17,282 | €17,884 | €18,507 | €19,152 | ▲ 3.5% |
| Financial debts43 | €60,000 | €60,000 | €10,000 | €85,000 | €100,000 | ▲ 17.6% |
| Credit institutions430/8 | €60,000 | €60,000 | €10,000 | €85,000 | €100,000 | ▲ 17.6% |
| Trade debts44 | €76,768 | €47,550 | €72,706 | €38,456 | €51,153 | ▲ 33.0% |
| Suppliers440/4 | €76,768 | €47,550 | €72,706 | €38,456 | €51,153 | ▲ 33.0% |
| Taxes, remuneration and social security45 | €4,998 | €15,018 | €18,163 | €13,025 | €5,643 | ▼ 56.7% |
| Taxes450/3 | €190 | €1,084 | €1,117 | €989 | €5,643 | ▲ 470% |
| Remuneration and social security454/9 | €4,807 | €13,934 | €17,046 | €12,035 | - | - |
| Other amounts payable47/48 | €188,445 | €181,326 | €210,573 | €118,425 | €52,208 | ▼ 55.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,279 | -€10,255 | -€4,657 | -€29,917 | €46,563 | ▲ 256% |
| + Depreciation and write-downs630 | €37,622 | €36,355 | €31,940 | €32,111 | €29,994 | ▼ 6.6% |
| Operating cash flow (approximation) | €39,902 | €26,100 | €27,282 | €2,194 | €76,557 | ▲ 3,389% |
| Investment in fixed assets (approximation) | - | -€11,411 | -€19,692 | -€349 | €841 | ▲ 341% |
| Change in cash | - | -€71,123 | €34,262 | -€32,865 | €59,491 | ▲ 281% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €46,563
Net result €46,563 after 3 loss-making years.
31-03
Financial
Equity above €100,000Eq €132,146 ▲54.4%
Equity rises from €85,583 to €132,146.
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€29,917
Net result drops to -€29,917, the lowest in the series; recovery starts the following year.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Balen · 2 establishment units since 2007
Ground area
4,697 m²
Building footprint
1,365 m²
Volume, LiDAR
1,366 m³
2 parcels, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Daro
since 20072.165.052.569
Nijverheidsstraat 8, 2490 Balen
since 20082.197.418.994
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342C1194/00P043 | Flanders | 3,020 m² | 1 · 389 m² | 7.8 m · 1 fl. |
| 13003E0567/00N000 | Flanders | 1,677 m² | 1 · 976 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 to 2023 · 2 entries · 3,999 EUR awarded · 3,999 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 2,499 EUR | 2,499 EUR |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,675 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-07-2007
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891024578
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.