DE BOCK & CO
ActiveSummary
DE BOCK & CO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466,763 and a net result of -€9,121. Equity is shrinking by ~27.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 34% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+33
Solvency56▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.08 in 2024; short-term debt: 20% and cash: 6.4% of total assets), but 69.1% of the assets are financed with debt.
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Signals
Five 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,121
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
19 d early
2023
1 d early
2022
2 d early
2021
9 d early
2020
11 d early
2019
13 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 10 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€466,763▼ 1.9%
2024 · €475,884
Total assets
€1.5m▲ 57.0%
2024 · €962,216
Net result
-€9,121▲ 96.2%
2024 · -€238,531
Working capital
€276,077▼ 8.3%
2024 · €301,046
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€88,088€96,459▲ 9.5%€337,766▲ 250%-€235,771€12,360
Net result€123,141above the sector's middle half€106,388within the sector's middle half▼ 13.6%€331,256above the sector's middle half▲ 211%-€238,531below the sector's middle half-€9,121below the sector's middle half▲ 96.2%
Equity€621,771within the sector's middle half▼ 52.7%€543,159within the sector's middle half▼ 12.6%€714,415within the sector's middle half▲ 31.5%€475,884within the sector's middle half▼ 33.4%€466,763within the sector's middle half▼ 1.9%
Total assets€1.3mwithin the sector's middle half▼ 28.9%€879,227within the sector's middle half▼ 33.8%€1.0mwithin the sector's middle half▲ 15.9%€962,216within the sector's middle half▼ 5.6%€1.5mabove the sector's middle half▲ 57.0%
Debt€705,730▲ 7.9%€336,068▼ 52.4%€304,833▼ 9.3%€486,332▲ 59.5%€1.0m▲ 115%
Working capital€411,268within the sector's middle half▼ 59.0%€341,717within the sector's middle half▼ 16.9%€527,868above the sector's middle half▲ 54.5%€301,046within the sector's middle half▼ 43.0%€276,077within the sector's middle half▼ 8.3%
Solvency46.8%within the sector's middle half▼ 23.5pp61.8%above the sector's middle half▲ 14.9pp70.1%above the sector's middle half▲ 8.3pp49.5%within the sector's middle half▼ 20.6pp30.9%within the sector's middle half▼ 18.6pp
Current ratio1.61within the sector's middle half▼ 1.042.08within the sector's middle half▲ 0.462.78within the sector's middle half▲ 0.712.08within the sector's middle half▼ 0.711.91within the sector's middle half▼ 0.16
Return on assets (ROA)9.3%within the sector's middle half▲ 24.9pp12.1%within the sector's middle half▲ 2.8pp32.5%above the sector's middle half▲ 20.4pp-24.8%below the sector's middle half▼ 57.3pp-0.6%below the sector's middle half▲ 24.2pp
Staff (FTE)7within the sector's middle half▼ 9.1%7.1within the sector's middle half▲ 1.4%6.5within the sector's middle half▼ 8.5%5.5within the sector's middle half▼ 15.4%5within the sector's middle half▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 returns to profit in 2025: €12,360 after a loss of €235,771 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€932,648 ▲ 145%
Current assets
€578,299 ▼ 0.5%
Equity and liabilities €1.5m
Equity
€466,763 ▼ 1.9%
Debt
€1.0m ▲ 115%
Debt's share of the balance-sheet total rises from 50.5% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52,122▲
2024 · -€212,125
Cash flow
€30,641▲
2024 · -€214,885
Quick ratio
0.89▼
2024 · 1.13
Debt to equity
2.24▲
2024 · 1.02
ROE
-2.0%▲
2024 · -50.1%
Interest coverage
1.84▲
2024 · -17.41
Debt ≤ 1 year
€302,222▲
2024 · €279,958
Debt > 1 year
€738,590▲
2024 · €203,901
Income taxes
€310▲
2024 · €195
Staff costs
€377,878▼
2024 · €443,002
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €352,286 | €444,037 | €406,343 | €443,002 | €377,878 | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,648 | €26,783 | €26,775 | €23,646 | €39,762 | ▲ 68.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,100 | - | - | - | - | - |
| Other operating charges640/8 | €8,470 | €7,653 | €7,697 | €10,961 | €7,706 | ▼ 29.7% |
| Gross operating margin9900 | €483,591 | €574,932 | €778,582 | €241,838 | €437,706 | ▲ 81.0% |
| Operating profit (loss)9901 | €88,088 | €96,459 | €337,766 | -€235,771 | €12,360 | ▲ 105% |
| Financial income75/76B | €42,008 | €26,119 | €14,496 | €9,616 | €7,140 | ▼ 25.7% |
| Recurring financial income75 | €42,008 | €26,119 | €14,496 | €9,616 | €7,140 | ▼ 25.7% |
| Financial charges65/66B | €5,749 | €8,636 | €13,708 | €12,182 | €28,312 | ▲ 132% |
| Recurring financial charges65 | €5,749 | €8,636 | €13,708 | €12,182 | €28,312 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €124,347 | €113,941 | €338,553 | -€238,336 | -€8,811 | ▲ 96.3% |
| Income taxes67/77 | €1,206 | €7,553 | €7,298 | €195 | €310 | ▲ 59.1% |
| Profit (loss) for the period9904 | €123,141 | €106,388 | €331,256 | -€238,531 | -€9,121 | ▲ 96.2% |
| Transfer from tax-exempt reserves789 | €9,406 | €47,033 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €132,547 | €153,421 | €331,256 | -€238,531 | -€9,121 | ▲ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €879,227 | €1.0m | €962,216 | €1.5m | ▲ 57.0% |
| Fixed assets21/28 | €243,093 | €219,704 | €194,999 | €381,212 | €932,648 | ▲ 145% |
| Intangible fixed assets21 | - | - | - | - | €2,244 | - |
| Tangible fixed assets22/27 | €227,496 | €204,106 | €179,401 | €367,014 | €929,607 | ▲ 153% |
| Land and buildings22 | €175,518 | €167,951 | €160,909 | €348,066 | €911,579 | ▲ 162% |
| Plant, machinery and equipment23 | €4,306 | €5,245 | €3,818 | €6,168 | €5,644 | ▼ 8.5% |
| Furniture and vehicles24 | €47,672 | €30,910 | €14,674 | €12,780 | €12,384 | ▼ 3.1% |
| Financial fixed assets28 | €15,597 | €15,597 | €15,597 | €14,197 | €797 | ▼ 94.4% |
| Current assets29/58 | €1.1m | €659,524 | €824,249 | €581,004 | €578,299 | ▼ 0.5% |
| Stocks and contracts in progress3 | €74,621 | €222,651 | €269,670 | €264,787 | €307,830 | ▲ 16.3% |
| Stocks30/36 | €74,621 | €152,058 | €211,804 | €227,224 | €278,971 | ▲ 22.8% |
| Contracts in progress37 | - | €70,592 | €57,867 | €37,563 | €28,860 | ▼ 23.2% |
| Amounts receivable within one year40/41 | €864,822 | €360,719 | €236,485 | €223,810 | €143,918 | ▼ 35.7% |
| Trade receivables40 | €195,280 | €156,720 | €179,842 | €141,044 | €118,120 | ▼ 16.3% |
| Other amounts receivable41 | €669,542 | €203,999 | €56,643 | €82,767 | €25,798 | ▼ 68.8% |
| Current investments50/53 | - | - | - | €1,400 | €75 | ▼ 94.6% |
| Cash at bank and in hand54/58 | €125,949 | €61,121 | €303,694 | €64,245 | €96,515 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | €19,016 | €15,032 | €14,400 | €26,762 | €29,961 | ▲ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €879,227 | €1.0m | €962,216 | €1.5m | ▲ 57.0% |
| Equity10/15 | €621,771 | €543,159 | €714,415 | €475,884 | €466,763 | ▼ 1.9% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Capital10 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Issued capital100 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €733,039 | €561,006 | €624,415 | €624,415 | €624,415 | = |
| Non-distributable reserves130/1 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Legal reserve130 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Tax-exempt reserves132 | €47,033 | - | - | - | - | - |
| Distributable reserves133 | €677,006 | €552,006 | €615,415 | €615,415 | €615,415 | = |
| Profit (loss) carried forward14 | -€201,268 | -€107,847 | - | -€238,531 | -€247,652 | ▼ 3.8% |
| Amounts payable17/49 | €705,730 | €336,068 | €304,833 | €486,332 | €1.0m | ▲ 115% |
| Amounts payable after more than one year17 | €31,939 | €17,610 | €6,311 | €203,901 | €738,590 | ▲ 262% |
| Financial debts170/4 | €31,939 | €17,610 | €6,311 | €203,901 | €738,590 | ▲ 262% |
| Amounts payable within one year42/48 | €673,140 | €317,807 | €296,381 | €279,958 | €302,222 | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | €27,219 | €25,068 | €24,834 | €54,079 | €69,833 | ▲ 29.1% |
| Trade debts44 | €108,776 | €72,569 | €81,661 | €182,393 | €168,720 | ▼ 7.5% |
| Suppliers440/4 | €108,776 | €72,569 | €81,661 | €182,393 | €168,720 | ▼ 7.5% |
| Taxes, remuneration and social security45 | €25,915 | €32,728 | €28,908 | €37,361 | €39,455 | ▲ 5.6% |
| Taxes450/3 | - | - | - | €113 | €310 | ▲ 174% |
| Remuneration and social security454/9 | €25,915 | €32,728 | €28,908 | €37,248 | €39,145 | ▲ 5.1% |
| Other amounts payable47/48 | €511,231 | €187,443 | €160,978 | €6,125 | €24,215 | ▲ 295% |
| Accrued charges and deferred income492/3 | €651 | €651 | €2,141 | €2,473 | €3,372 | ▲ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,141 | €106,388 | €331,256 | -€238,531 | -€9,121 | ▲ 96.2% |
| + Depreciation and write-downs630 | €33,648 | €26,783 | €26,775 | €23,646 | €39,762 | ▲ 68.2% |
| Operating cash flow (approximation) | €156,789 | €133,171 | €358,031 | -€214,885 | €30,641 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€3,394 | -€2,070 | -€209,859 | -€591,198 | ▼ 182% |
| Change in cash | - | -€64,828 | €242,572 | -€239,449 | €32,270 | ▲ 113% |
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 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €331,256 ▲211%
Operating result €337,766, net result €331,256, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €123,141
Net result €123,141 after 2 loss-making years.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
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.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Lokeren · 1 establishment unit since 1996
Ground area
1,888 m²
Parcel 46014A0351/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
De Bock & Co
since 19962.079.254.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0351/00N000 | Flanders | 1,887 m² | - | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- D-BOX
- DE BOCK & CO
Highest known parent: D-BOX. The sources do not say who stands above it.
Owners 1
- D-BOXparentSourceaccounts D-BOX 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,497 EUR awarded · 7,526 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,645 EUR | 3,594 EUR |
| 2024 | 1 | 1,299 EUR | 1,299 EUR |
| 2023 | 1 | 2,633 EUR | 2,633 EUR |
| 2022 | 1 | 1,920 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesDE BOCK & CO NV28513
Dual-learning approval
1 endedHoeknaadlasser (so)
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-10-1996
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
28250Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458977076
Also
9925:BE0458977076
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.