De Arend
ActiveSummary
For De Arend, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €686,844 and a net result of €120,666. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 8978 sector peers (fiscal year 2023). The company has been active since 1950 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability59▲+10
Solvency71▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
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 2023Solvency, return and age of the figures
Solvency
46.1%
Return on assets
8.1%
Age of the figures
33 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-11-2024, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
116 d late
2022
32 d late
2021
58 d late
2020
65 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Equity
€686,844▲ 2.0%
2022 · €673,495
Total assets
€1.5m▲ 19.8%
2022 · €1.2m
Net result
€120,666▼ 2.2%
2022 · €123,326
Working capital
€292,063▼ 47.4%
2022 · €555,335
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 46, Wholesale trade, 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
Line20192020202120222023
Operating result€42,838▼ 44.1%€155,942▲ 264%€244,081▲ 56.5%€272,528▲ 11.7%€197,167▼ 27.7%
Net result-€26,330€57,218within the sector's middle half€137,496within the sector's middle half▲ 140%€123,326within the sector's middle half▼ 10.3%€120,666within the sector's middle half▼ 2.2%
Equity€462,772▼ 5.4%€519,990within the sector's middle half▲ 12.4%€657,486within the sector's middle half▲ 26.4%€673,495within the sector's middle half▲ 2.4%€686,844within the sector's middle half▲ 2.0%
Total assets€950,864▼ 2.7%€1.1mwithin the sector's middle half▲ 13.7%€1.2mwithin the sector's middle half▲ 12.5%€1.2mwithin the sector's middle half▲ 2.3%€1.5mwithin the sector's middle half▲ 19.8%
Debt€488,092▼ 0.1%€561,000▲ 14.9%€558,899▼ 0.4%€570,570▲ 2.1%€803,640▲ 40.8%
Working capital€338,917▲ 3.2%€437,103within the sector's middle half▲ 29.0%€644,389within the sector's middle half▲ 47.4%€555,335within the sector's middle half▼ 13.8%€292,063within the sector's middle half▼ 47.4%
Solvency48.7%▼ 1.4pp48.1%within the sector's middle half▼ 0.6pp54.1%within the sector's middle half▲ 5.9pp54.1%within the sector's middle half▲ 0.1pp46.1%within the sector's middle half▼ 8.1pp
Current ratio1.69▲ 0.021.80within the sector's middle half▲ 0.112.25within the sector's middle half▲ 0.442.00within the sector's middle half▼ 0.241.48within the sector's middle half▼ 0.52
Return on assets (ROA)-2.8%▼ 4.0pp5.3%within the sector's middle half▲ 8.1pp11.3%within the sector's middle half▲ 6.0pp9.9%within the sector's middle half▼ 1.4pp8.1%within the sector's middle half▼ 1.8pp
Staff (FTE)12.8▲ 45.5%11.4above the sector's middle half▼ 10.9%11.9above the sector's middle half▲ 4.4%11.8above the sector's middle half▼ 0.8%11.5above the sector's middle half▼ 2.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 28% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.5m
Fixed assets
€588,408 ▲ 339%
Current assets
€902,076 ▼ 18.7%
Equity and liabilities €1.5m
Equity
€686,844 ▲ 2.0%
Debt
€803,640 ▲ 40.8%
Debt's share of the balance-sheet total rises from 45.9% to 53.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€266,543▼
2022 · €294,721
Cash flow
€190,042▲
2022 · €145,518
Quick ratio
1.03▼
2022 · 1.45
Debt to equity
1.17▲
2022 · 0.85
ROE
17.6%▼
2022 · 18.3%
Interest coverage
3.63▲
2022 · 2.20
Debt ≤ 1 year
€610,013▲
2022 · €554,731
Debt > 1 year
€154,932
Income taxes
€34,761▼
2022 · €52,318
Staff costs
€651,227▲
2022 · €611,901
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,452 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €633,279 | €611,901 | €651,227 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,451 | €47,131 | €47,131 | €22,192 | €69,375 | ▲ 213% |
| Other operating charges640/8 | - | - | €6,021 | €7,492 | €6,591 | ▼ 12.0% |
| Gross operating margin9900 | €709,166 | €793,443 | €930,511 | €914,114 | €924,361 | ▲ 1.1% |
| Operating profit (loss)9901 | €42,838 | €155,942 | €244,081 | €272,528 | €197,167 | ▼ 27.7% |
| Financial income75/76B | - | - | €30,119 | €36,898 | €31,642 | ▼ 14.2% |
| Recurring financial income75 | €38,011 | €33,148 | €30,119 | €36,898 | €30,717 | ▼ 16.8% |
| Non-recurring financial income76B | - | - | - | - | €925 | - |
| Financial charges65/66B | - | - | €96,639 | €133,782 | €73,382 | ▼ 45.1% |
| Recurring financial charges65 | €104,859 | €107,533 | €96,639 | €133,782 | €73,382 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | -€24,010 | €81,557 | €177,561 | €175,644 | €155,427 | ▼ 11.5% |
| Income taxes67/77 | €2,320 | €24,339 | €40,065 | €52,318 | €34,761 | ▼ 33.6% |
| Profit (loss) for the period9904 | -€26,330 | €57,218 | €137,496 | €123,326 | €120,666 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | -€26,330 | €57,218 | €137,496 | €123,326 | €120,666 | ▼ 2.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €950,864 | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 19.8% |
| Fixed assets21/28 | €123,855 | €99,356 | €54,777 | €133,999 | €588,408 | ▲ 339% |
| Intangible fixed assets21 | €10,500 | €9,000 | €9,000 | €7,500 | €6,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €112,513 | €89,513 | €44,934 | €125,657 | €581,565 | ▲ 363% |
| Land and buildings22 | - | - | €39,389 | €22,680 | €398,780 | ▲ 1,658% |
| Plant, machinery and equipment23 | - | - | - | €90,746 | €114,053 | ▲ 25.7% |
| Furniture and vehicles24 | - | - | €5,545 | €12,231 | €68,732 | ▲ 462% |
| Financial fixed assets28 | €843 | €843 | €843 | €843 | €843 | = |
| Current assets29/58 | €827,008 | €981,634 | €1.2m | €1.1m | €902,076 | ▼ 18.7% |
| Stocks and contracts in progress3 | €220,930 | €159,135 | €261,696 | €307,736 | €275,583 | ▼ 10.4% |
| Stocks30/36 | - | - | €261,696 | €307,736 | €275,583 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €240,449 | €238,867 | €495,704 | €193,758 | €209,283 | ▲ 8.0% |
| Trade receivables40 | - | - | €245,668 | €191,088 | €196,045 | ▲ 2.6% |
| Other amounts receivable41 | - | - | €250,037 | €2,671 | €13,239 | ▲ 396% |
| Cash at bank and in hand54/58 | €319,255 | €582,642 | €404,207 | €608,571 | €407,920 | ▼ 33.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €9,289 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €950,864 | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 19.8% |
| Equity10/15 | €462,772 | €519,990 | €657,486 | €673,495 | €686,844 | ▲ 2.0% |
| Contributions10/11 | €26,178 | - | €26,178 | €26,178 | €26,178 | = |
| Reserves13 | €462,925 | €462,925 | €462,925 | €462,925 | €348,167 | ▼ 24.8% |
| Non-distributable reserves130/1 | - | - | €2,698 | €2,698 | €2,698 | = |
| Reserves not available under the articles1311 | - | - | €2,698 | €2,698 | €2,698 | = |
| Tax-exempt reserves132 | - | - | €57,949 | €57,949 | €57,949 | = |
| Distributable reserves133 | - | - | €402,278 | €402,278 | €287,520 | ▼ 28.5% |
| Profit (loss) carried forward14 | -€26,330 | €30,888 | €168,384 | €184,393 | €312,499 | ▲ 69.5% |
| Amounts payable17/49 | €488,092 | €561,000 | €558,899 | €570,570 | €803,640 | ▲ 40.8% |
| Amounts payable after more than one year17 | - | - | - | - | €154,932 | - |
| Financial debts170/4 | - | - | - | - | €154,932 | - |
| Amounts payable within one year42/48 | €488,092 | €544,531 | €517,219 | €554,731 | €610,013 | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,332 | - |
| Trade debts44 | €83,856 | €110,397 | €26,039 | €100,875 | €55,821 | ▼ 44.7% |
| Suppliers440/4 | - | - | €26,039 | €100,875 | €55,821 | ▼ 44.7% |
| Taxes, remuneration and social security45 | - | - | €119,265 | €76,704 | €58,486 | ▼ 23.8% |
| Taxes450/3 | - | - | €20,701 | €20,415 | €23,311 | ▲ 14.2% |
| Remuneration and social security454/9 | - | - | €98,564 | €56,289 | €35,174 | ▼ 37.5% |
| Other amounts payable47/48 | - | - | €371,915 | €377,152 | €487,374 | ▲ 29.2% |
| Accrued charges and deferred income492/3 | - | - | €41,680 | €15,839 | €38,695 | ▲ 144% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,330 | €57,218 | €137,496 | €123,326 | €120,666 | ▼ 2.2% |
| + Depreciation and write-downs630 | €54,451 | €47,131 | €47,131 | €22,192 | €69,375 | ▲ 213% |
| Operating cash flow (approximation) | €28,121 | €104,349 | €184,627 | €145,518 | €190,042 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€22,631 | -€2,552 | -€101,415 | -€523,784 | ▼ 416% |
| Change in cash | - | €263,387 | -€178,434 | €204,363 | -€200,650 | ▼ 198% |
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
2024
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 116 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
31-12
Financial
Highest result since 2018net €137,496 ▲140%
Net result €137,496, the highest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 65 days late
2020
31-12
Financial
Back to profitnet €57,218
Net result €57,218 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €519,990 ▲12.4%
Equity rises from €462,772 to €519,990.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Weakest financial yearnet -€26,330
Net result drops to -€26,330, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 126 days late
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 123 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1950
Ground area
1,960 m²
Building footprint
622 m²
Volume, LiDAR
2,197 m³
Parcel 12027D0441/00E000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DE AREND
since 19502.021.572.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027D0441/00E000 | Flanders | 1,960 m² | 1 · 622 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.
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Of 1,567 companies in this sector we hold annual accounts for 920. 658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-11-1950
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
Contact
Website
www.dearend.be
E-mail
bart.jacobs@dearend.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400823794
Also
9925:BE0400823794
Registered
11-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.