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DE BURKEL

Active
Public limited companyfounded 198937 yrs activeFranklin Rooseveltlaan 180, 8790 Waregem, BelgiumKBO/BCE: BE 0438.188.887
Summary

DE BURKEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,413 and a net result of -€6,314. Equity is shrinking by ~10.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
DE BURKELActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€104,500total assets 2024
Equity
€42,413
Loss
-€6,314
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
1.4%
Structure
Parent
Abacus Invest NV
Accounts 66 d overdue0 of 6 deeds read
Why 54Capped at 59: a confirmed filing finding- Figures for FY 2024 (filed 15-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 99 days late; 2 of the last 3 late+ Size: total assets €104,500+ Founded in 1989Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 26% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 66-5
equity 40.6% of total assets
Liquidity 42+13
short-term debt 31.0% · cash 3.9%
Profitability 22-1
return on assets -6.0%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -2.3% vs 12-2024 02-2025: 0.4%▲ +0.5% vs 01-2025 03-2025: 0.4%▼ -1.3% vs 02-2025lowest value 04-2025: 0.4%▲ +1.9% vs 03-2025 05-2025: 0.4%▲ +0.8% vs 04-2025 06-2025: 0.4%▲ +12.1% vs 05-2025 07-2025: 0.5%▲ +18.0% vs 06-2025 08-2025: 0.7%▲ +44.8% vs 07-2025 09-2025: 0.8%▲ +10.7% vs 08-2025 10-2025: 1.1%▲ +37.7% vs 09-2025 11-2025: 1.2%▲ +8.3% vs 10-2025 12-2025: 0.5%▼ -57.8% vs 11-2025 01-2026: 0.5%▼ -2.0% vs 12-2025 02-2026: 0.5%▲ +0.8% vs 01-2026 03-2026: 0.5%▼ -1.0% vs 02-2026 04-2026: 0.5%▲ +2.0% vs 03-2026 05-2026: 0.5%● 0.0% vs 04-2026 06-2026: 0.6%▲ +11.6% vs 05-2026 07-2026: 0.6%▲ +3.9% vs 06-2026 08-2026: 1.0%▲ +61.9% vs 07-2026 09-2026: 1.0%▲ +6.9% vs 08-2026 10-2026: 1.4%▲ +33.2% vs 09-2026highest value
  • Size: total assets €104,500 lowers the probability for this profile
  • Founded in 1989 lowers the probability for this profile
  • Figures for FY 2024 (filed 15-11-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 99 days late; 2 of the last 3 late raises the probability
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.22 against 1.86 in 2023; short-term debt: 31% and cash: 3.9% of total assets), but 59.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 39%, liquidity 24%, profitability 18%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Size: total assets €104,500
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Figures for FY 2024 (filed 15-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 99 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€6,314
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 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 filings
Deviation from the deadline
2025
not confirmed
2024
99 d late
2023
30 d late
2022
99 d late
2021
36 d late
2020
170 d late
2019
238 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 112 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€6,314 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Controlled by Abacus Invest NVultimately: Matexi Group NV parent View

By topic

Financials

Fiscal year
2024
Total assets
€104,500
Loss
-€6,314
Solvency
40.6%
Total assets▼ 0.7%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 07-11-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 07-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
23-08-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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