DE DOOL
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 38 filings
Turnover
≈ €1.5m
Estimated: probably between €890,000 and €2.5m
EBIT margin
Not included in this filing
Net result
-€73,700
2024 · €33,825
Working capital
-€58,263
2024 · €11,146
In the rankings
#2 oldest company in Limburg, Beverages sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€61,356
2025
20192025
Net result
-€73,700
2025
lowest quarter of the sector
20192025
Equity
€277,743
▼ 21.0%
2025
middle half of the sector
20192025
Total assets
€1.1m
▼ 4.7%
2025
lowest quarter of the sector
20192025
Debt
€837,038
▲ 2.3%
2025
20192025
Working capital
-€58,263
2025
middle half of the sector
20192025
Solvency
24.9%
▼ 5.1pp
2025
middle half of the sector
20192025
Current ratio
0.90
▼ 0.12
2025
middle half of the sector
20192025
Return on assets (ROA)
-6.6%
▼ 9.5pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
10.4
=
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.02m--€0.06m€0.1m€0.01m▼ 87.0%€0.05m▲ 220%€0.05m▼ 3.6%-€0.06m
Net result€0.02m--€0.07mwithin the sector's middle half€0.1mabove the sector's middle half€0.004mwithin the sector's middle half▼ 95.4%€0.03mwithin the sector's middle half▲ 595%€0.03mwithin the sector's middle half▲ 11.4%-€0.07mbelow the sector's middle half
Equity€0.3m-€0.2mwithin the sector's middle half▼ 27.6%€0.3mwithin the sector's middle half▲ 51.0%€0.3mwithin the sector's middle half▲ 1.5%€0.3mwithin the sector's middle half▲ 10.6%€0.4mwithin the sector's middle half▲ 10.6%€0.3mwithin the sector's middle half▼ 21.0%
Total assets€0.9m-€1.0mwithin the sector's middle half▲ 5.5%€1.2mwithin the sector's middle half▲ 24.6%€1.2mwithin the sector's middle half▼ 0.5%€1.2mwithin the sector's middle half▲ 0.5%€1.2mwithin the sector's middle half▼ 2.2%€1.1mbelow the sector's middle half▼ 4.7%
Debt€0.7m-€0.8m▲ 18.6%€0.9m▲ 18.3%€0.9m▼ 1.1%€0.9m▼ 2.7%€0.8m▼ 6.9%€0.8m▲ 2.3%
Working capital-€0.1m--€0.2mbelow the sector's middle half▼ 75.0%-€0.09mwithin the sector's middle half▲ 61.1%-€0.1mwithin the sector's middle half▼ 72.0%-€0.1mwithin the sector's middle half▲ 15.8%€0.01mwithin the sector's middle half-€0.06mwithin the sector's middle half
Solvency28.4%-19.5%within the sector's middle half▼ 8.9pp23.6%within the sector's middle half▲ 4.1pp24.1%within the sector's middle half▲ 0.5pp26.5%within the sector's middle half▲ 2.4pp30.0%within the sector's middle half▲ 3.5pp24.9%within the sector's middle half▼ 5.1pp
Current ratio0.71-0.56below the sector's middle half▼ 0.160.86within the sector's middle half▲ 0.300.78within the sector's middle half▼ 0.080.82within the sector's middle half▲ 0.041.02within the sector's middle half▲ 0.200.90within the sector's middle half▼ 0.12
Return on assets (ROA)2.1%--7.4%below the sector's middle half▼ 9.6pp8.0%above the sector's middle half▲ 15.4pp0.4%within the sector's middle half▼ 7.6pp2.5%within the sector's middle half▲ 2.2pp2.9%within the sector's middle half▲ 0.4pp-6.6%below the sector's middle half▼ 9.5pp
Staff (FTE)18.1-16.2above the sector's middle half▼ 10.5%10.5above the sector's middle half▼ 35.2%14.6above the sector's middle half▲ 39.0%10.5within the sector's middle half▼ 28.1%10.4within the sector's middle half▼ 1.0%10.4within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Manufacture of beverages (NACE 11). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €61,356, after a profit of €46,164 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€566,105 ▼ 1.4%
Current assets
€548,676 ▼ 7.9%
Equity and liabilities €1.1m
Equity
€277,743 ▼ 21.0%
Debt
€837,038 ▲ 2.3%
Debt's share of the balance-sheet total rises from 70.0% to 75.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80,221▼
2024 · €174,936
Cash flow
€67,877▼
2024 · €162,597
Quick ratio
0.32▼
2024 · 0.39
Debt to equity
3.01▲
2024 · 2.33
ROE
-26.5%▼
2024 · 9.6%
Interest coverage
5.55▼
2024 · 12.22
Debt ≤ 1 year
€606,939▲
2024 · €584,410
Debt > 1 year
€230,099▲
2024 · €225,654
Income taxes
-€149▼
2024 · €1,200
Staff costs
€564,881▲
2024 · €493,725
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 6 | 7 |
| full-time | 4 | 4 | 5 | 5 | 5 |
| part-time | 1 | 1 | - | 1 | 2 |
| in full-time equivalents | 4.5 | 4.5 | 5 | 5.5 | 5.9 |
| Average over the year, in full-time equivalents | 10.5 | 14.6 | 10.5 | 10.4 | 10.4 |
| On a permanent contract | 5 | 5 | 5 | 6 | 7 |
| Joined | 119 | 133 | 125 | 118 | 102 |
| Left | 120 | 133 | 125 | 117 | 99 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €418,040 | €350,854 | - | - | - |
| Pledge on the business | €285,000 | €285,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €208,455 | €120,554 | €82,048 | €84,813 | €120,266 |
| Intangible fixed assets | €1,125 | - | €25,244 | - | €13,719 |
| Financial fixed assets | €530 | - | €500 | €590 | - |
| Depreciation and write-downs of the year | €210,903 | €133,160 | €150,565 | €128,772 | €141,577 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €78,117 awarded · €78,117 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €11,966 | €11,966 |
| 2024 | 3 | €12,556 | €13,100 |
| 2023 | 2 | €38,103 | €37,559 |
| 2022 | 1 | €15,492 | €15,492 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €14,395 | €3,891 | €450 | €184 | ▼ 59.1% |
| Remuneration, social security and pensions62 | - | - | €551,599 | €437,716 | €513,490 | €493,725 | €564,881 | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,144 | €118,974 | €210,903 | €133,160 | €150,565 | €128,772 | €141,577 | ▲ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €122,229 | €3,107 | -€19,919 | - |
| Other operating charges640/8 | - | - | €6,662 | €4,582 | €5,866 | €2,919 | €4,683 | ▲ 60.4% |
| Non-recurring operating charges66A | - | - | - | €1,877 | - | €6,271 | - | - |
| Gross operating margin9900 | €466,175 | €419,835 | €884,070 | €592,292 | €840,051 | €680,959 | €629,867 | ▼ 7.5% |
| Operating profit (loss)9901 | €23,858 | -€63,047 | €114,906 | €14,958 | €47,901 | €46,164 | -€61,356 | - |
| Financial income75/76B | - | - | €130 | €101 | €81 | €3,176 | €1,953 | ▼ 38.5% |
| Recurring financial income75 | €340 | €179 | €130 | €101 | €81 | €3,176 | €1,953 | ▼ 38.5% |
| Financial charges65/66B | - | - | €19,224 | €10,311 | €17,197 | €14,316 | €14,446 | ▲ 0.9% |
| Recurring financial charges65 | €15,864 | €8,161 | €19,224 | €10,311 | €8,484 | €14,316 | €14,446 | ▲ 0.9% |
| Non-recurring financial charges66B | - | - | - | - | €8,713 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,334 | -€71,030 | €95,812 | €4,748 | €30,785 | €35,024 | -€73,849 | - |
| Income taxes67/77 | -€11,131 | €279 | €325 | €380 | €432 | €1,200 | -€149 | - |
| Profit (loss) for the period9904 | €19,465 | -€71,309 | €95,486 | €4,368 | €30,353 | €33,825 | -€73,700 | - |
| Transfer from tax-exempt reserves789 | - | - | €198 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19,465 | -€71,309 | €95,685 | €4,368 | €30,353 | €33,825 | -€73,700 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.9m | €1.0m | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 4.7% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 1.4% |
| Intangible fixed assets21 | - | - | €0.001m | €340 | €0.02m | €0.02m | €0.02m | ▲ 33.4% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 2.5% |
| Land and buildings22 | - | - | €0.05m | €0.05m | €0.006m | €0.01m | €0.01m | = |
| Plant, machinery and equipment23 | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 3.7% |
| Furniture and vehicles24 | - | - | €0.07m | €0.06m | €0.08m | €0.06m | €0.08m | ▲ 35.3% |
| Leasing and similar rights25 | - | - | - | €0.05m | €0.04m | €0.03m | €0.01m | ▼ 47.8% |
| Other tangible fixed assets26 | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.2% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.009m | - | - |
| Financial fixed assets28 | €0.003m | €0.004m | €0.003m | €0.003m | €0.003m | €0.004m | €0.003m | ▼ 16.2% |
| Current assets29/58 | €0.3m | €0.3m | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 7.9% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.1% |
| Stocks30/36 | - | - | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.1% |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 27.0% |
| Trade receivables40 | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 35.4% |
| Other amounts receivable41 | - | - | €0.01m | €0.001m | €0.009m | €0.009m | €0.003m | ▼ 70.9% |
| Current investments50/53 | - | - | - | - | - | €0.05m | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.002m | €0.09m | €0.04m | €0.003m | €0.04m | €0.03m | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | €0.005m | €0.007m | €0.02m | €0.02m | ▼ 1.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 4.7% |
| Equity10/15 | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 21.0% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.04m | €0.07m | €0.004m | ▼ 94.6% |
| Non-distributable reserves130/1 | - | - | €0.001m | €0.001m | €0.002m | €0.004m | €0.004m | = |
| Legal reserve130 | - | - | €0.001m | €0.001m | €0.002m | €0.004m | €0.004m | = |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | €0.01m | €0.01m | €0.04m | €0.07m | - | - |
| Profit (loss) carried forward14 | -€0.03m | -€0.1m | -€0.009m | -€0.005m | - | - | -€0.005m | - |
| Amounts payable17/49 | €0.7m | €0.8m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▲ 2.3% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.0% |
| Financial debts170/4 | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.0% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 15.8% |
| Financial debts43 | - | - | €0.1m | €0 | €0.02m | - | - | - |
| Credit institutions430/8 | - | - | €0.1m | €0 | €0.02m | - | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.2m | €0.09m | €0.1m | €0.1m | €0.07m | ▼ 34.9% |
| Suppliers440/4 | - | - | €0.2m | €0.09m | €0.1m | €0.1m | €0.07m | ▼ 34.9% |
| Advances received on contracts in progress46 | - | - | - | - | €0.004m | €0.003m | €0.001m | ▼ 61.5% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.06m | €0.06m | €0.03m | €0.07m | ▲ 131% |
| Taxes450/3 | - | - | €0.004m | €0.01m | €0.006m | €0.009m | €0.02m | ▲ 98.4% |
| Remuneration and social security454/9 | - | - | €0.04m | €0.05m | €0.05m | €0.02m | €0.06m | ▲ 143% |
| Other amounts payable47/48 | - | - | €0.2m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | - | €0.005m | €0 | €0.009m | €0.008m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,465 | -€71,309 | €95,486 | €4,368 | €30,353 | €33,825 | -€73,700 | - |
| + Depreciation and write-downs630 | €108,144 | €118,974 | €210,903 | €133,160 | €150,565 | €128,772 | €141,577 | ▲ 9.9% |
| Operating cash flow (approximation) | €127,609 | €47,665 | €306,389 | €137,528 | €180,917 | €162,597 | €67,877 | ▼ 58.3% |
| Investment in fixed assets (approximation) | - | -€206,417 | -€208,506 | -€120,324 | -€105,617 | -€79,132 | -€133,395 | ▼ 68.6% |
| Change in cash | - | -€7,869 | €91,863 | -€52,879 | -€38,214 | €36,498 | -€12,930 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as DE DOOL has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
96.4%
was still going
1.8%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE DOOL itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for DE DOOL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-07-2026 | 2026-00356732 | |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00147303 | |
| 31-12-2023 | abbreviated format | 24-07-2024 | 2024-00278844 | |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00280145 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20085963 | |
| 31-03-2020 | abbreviated format | 29-10-2020 | 2020-65400004 | |
| 31-03-2019 | abbreviated format | 11-10-2019 | 2019-69900502 | |
| 31-03-2018 | abbreviated format | 28-08-2018 | 2018-52200044 | |
| 31-03-2017 | abbreviated format | 03-10-2017 | 2017-66300007 | |
| 31-03-2016 | abbreviated format | 30-09-2016 | 2016-64500372 |