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DE/ER

Active
Private limited companyfounded 20169 yrs activeTurfsteeg 21, 2830 Willebroek, BelgiumKBO/BCE: BE 0666.849.264
Summary

DE/ER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,262 and a net result of -€9,237. Equity is shrinking by ~9.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-3
Solvency28▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.22 in 2024; short-term debt: 82.7% and cash: 0% of total assets), and 96.9% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
10 d late
2024
29 d early
2023
42 d early
2022
2 d early
2021
32 d early
2020
16 d late
2019
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

History

DE/ER was incorporated on 24 November 2016.1 Total assets rose from EUR 304,611 in 2018 to EUR 1.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€34,262▼ 21.2%
2024 · €43,499
Total assets
€1.1m=
2024 · €1.1m
Net result
-€9,237
2024 · €869
Working capital
€191,262▼ 4.6%
2024 · €200,499
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
Line20212022202320242025
Operating result-€1,930▲ 38.4%-€2,325▼ 20.5%€28,740€16,577▼ 42.3%-€1,939
Net result-€5,972▲ 29.6%-€12,461▼ 109%€9,536€869▼ 90.9%-€9,237
Equity€45,555▼ 11.6%€33,094▼ 27.4%€42,630▲ 28.8%€43,499▲ 2.0%€34,262▼ 21.2%
Total assets€519,355▲ 70.5%€1.1m▲ 114%€1.2m▲ 12.0%€1.1m▼ 11.3%€1.1m=
Debt€473,800▲ 87.2%€1.1m▲ 127%€1.2m▲ 11.5%€1.1m▼ 11.8%€1.1m▲ 0.9%
Working capital€202,555€190,094▼ 6.2%€346,630▲ 82.3%€200,499▼ 42.2%€191,262▼ 4.6%
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000Operating result 2021: -€1,930-€1,930Net result 2021: -€5,972-€5,972Operating result 2022: -€2,325-€2,325Net result 2022: -€12,461-€12,461Operating result 2023: €28,740€28,740Net result 2023: €9,536€9,536Operating result 2024: €16,577€16,577Net result 2024: €869€869Operating result 2025: -€1,939-€1,939Net result 2025: -€9,237-€9,23720212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €28,740€28,700Net result 2023: €9,536€9,540Operating result 2024: €16,577€16,600Net result 2024: €869€869Operating result 2025: -€1,939-€1,940Net result 2025: -€9,237-€9,240202320242025
The operating result turns negative in 2025: a loss of €1,939 after €16,577 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity €34,262 ▼ 21.2%
Debt €1.1m ▲ 0.9%
Debt's share of the balance-sheet total rises from 96.1% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.21▼
2024 · 1.22
Quick ratio
0.00▲
2024 · 0.00
Debt to equity
31.18▲
2024 · 24.35
ROE
-27.0%▼
2024 · 2.0%
ROA
-0.8%▼
2024 · 0.1%
Debt ≤ 1 year
€911,264▲
2024 · €901,995
Debt > 1 year
€157,000=
2024 · €157,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 820 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
95% 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 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 820 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m=
Current assets29/58€1.1m€1.1m=
Stocks and contracts in progress3€1.1m€1.1m=
Stocks30/36€1.1m€1.1m=
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Cash at bank and in hand54/58€47€79▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m=
Equity10/15€43,499€34,262▼
Contributions10/11€90,000€90,000=
Profit (loss) carried forward14-€46,501-€55,738▼
Amounts payable17/49€1.1m€1.1m▲
Amounts payable after more than one year17€157,000€157,000=
Financial debts170/4€157,000€157,000=
Amounts payable within one year42/48€901,995€911,264▲
Trade debts44€1,381€0▼
Suppliers440/4€1,381€0▼
Other amounts payable47/48€900,614€911,264▲
Income statement Code20242025
Other operating charges640/8€118€120▲
Gross operating margin9900€16,695-€1,819▼
Operating profit (loss)9901€16,577-€1,939▼
Financial charges65/66B€15,708€7,298▼
Recurring financial charges65€15,708€7,298▼
Profit (loss) for the period before taxes9903€869-€9,237▼
Profit (loss) for the period9904€869-€9,237▼
Profit (loss) for the period to be appropriated9905€869-€9,237▼
Appropriation of the result
Profit (loss) to be appropriated9906-€46,501-€55,738▼
Profit (loss) brought forward from the previous period14P-€47,370-€46,501▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€503€438€131€118€120▲ 1.7%
Gross operating margin9900-€1,427-€1,888€28,871€16,695-€1,819▼ 111%
Operating profit (loss)9901-€1,930-€2,325€28,740€16,577-€1,939▼ 112%
Financial income75/76B€0€0----
Recurring financial income75€0€0----
Financial charges65/66B€4,041€10,135€19,204€15,708€7,298▼ 53.5%
Recurring financial charges65€4,041€10,135€19,204€15,708€7,298▼ 53.5%
Profit (loss) for the period before taxes9903-€5,972-€12,461€9,536€869-€9,237▼ 1,163%
Profit (loss) for the period9904-€5,972-€12,461€9,536€869-€9,237▼ 1,163%
Profit (loss) for the period to be appropriated9905-€5,972-€12,461€9,536€869-€9,237▼ 1,163%
Line20212022202320242025Change
Assets
Total assets20/58€519,355€1.1m€1.2m€1.1m€1.1m=
Current assets29/58€519,355€1.1m€1.2m€1.1m€1.1m=
Stocks and contracts in progress3€519,234€1.1m€1.2m€1.1m€1.1m=
Stocks30/36€519,234€1.1m€1.2m€1.1m€1.1m=
Amounts receivable within one year40/41--€42,000€0--
Trade receivables40--€42,000€0--
Cash at bank and in hand54/58€121€0€62€47€79▲ 67.2%
Equity and liabilities
Total equity and liabilities10/49€519,355€1.1m€1.2m€1.1m€1.1m=
Equity10/15€45,555€33,094€42,630€43,499€34,262▼ 21.2%
Contributions10/11€90,000€90,000€90,000€90,000€90,000=
Profit (loss) carried forward14-€44,445-€56,906-€47,370-€46,501-€55,738▼ 19.9%
Amounts payable17/49€473,800€1.1m€1.2m€1.1m€1.1m▲ 0.9%
Amounts payable after more than one year17€157,000€157,000€304,000€157,000€157,000=
Financial debts170/4€157,000€157,000€304,000€157,000€157,000=
Amounts payable within one year42/48€316,800€919,687€896,292€901,995€911,264▲ 1.0%
Financial debts43€220,000€221,807€0---
Credit institutions430/8€220,000€221,807€0---
Trade debts44--€105€1,381€0▼ 100%
Suppliers440/4--€105€1,381€0▼ 100%
Other amounts payable47/48€96,800€697,880€896,187€900,614€911,264▲ 1.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€5,972-€12,461€9,536€869-€9,237▼ 1,163%
Operating cash flow (approximation)-€5,972-€12,461€9,536€869-€9,237▼ 1,163%
Change in cash--€121€62-€14€32▲ 325%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €9,536
Net result €9,536 after 5 loss-making years.
29-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€12,461
Net result drops to -€12,461, the lowest in the series; recovery starts the following year.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity times 12628current ratio 1.64
Current ratio from 0.00 to 1.64.
16-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Willebroek · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
1,152 m²
Building footprint
124 m²
Volume, LiDAR
777 m³
Parcel 12040A0356/00B003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DE/ER
Turfsteeg 21, 2830 WillebroekActivities auxiliary to financial services and insurance activities
since 20162.259.920.945
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12040A0356/00B003 Flanders 1,152 m² 1 · 124 m² 10.1 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-11-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0666849264
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.