DE GRUYTER
ActiveSummary
DE GRUYTER has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €173k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 91% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-16
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 5.39 against 8.83 in 2023; short-term debt: 13.5% and cash: 47.3% of total assets), and 13.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-05-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d early
2023
33 d early
2022
31 d early
2021
46 d early
2020
82 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€173k▼ 6.6%
2023 · €185k
2018: €172k
2019: €178k
2020: €171k
2021: €150k
2022: €158k
2023: €185k
2018 → 2024
Total assets
€200k▼ 3.1%
2023 · €206k
2018: €234k
2019: €218k
2020: €203k
2021: €185k
2022: €174k
2023: €206k
2018 → 2024
Net result
€8k▼ 76.7%
2023 · €35k
2018: €20k
2019: €6k
2020: €-7k
2021: €8k
2022: €9k
2023: €35k
2018 → 2024
Working capital
€119k▼ 28.4%
2023 · €166k
2018: €149k
2019: €158k
2020: €132k
2021: €115k
2022: €132k
2023: €166k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€171k-€150k▼ 12.6%€158k▲ 5.7%€185k▲ 17.0%€173k▼ 6.6%
Operating result€-8k-€10k€12k▲ 16.5%€48k▲ 307%€-6k
Net result€-7k-€8k€9k▲ 1.3%€35k▲ 311%€8k▼ 76.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €48k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200k
Fixed assets
€54k ▲ 184%
Current assets
€146k ▼ 22.1%
Equity and liabilities €200k
Equity
€173k ▼ 6.6%
Debt
€27k ▲ 27.6%
Debt's share of the balance-sheet total rises from 10.3% to 13.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €60k
Cash flow
€23k▼
2023 · €47k
Current ratio
5.39▼
2023 · 8.83
Quick ratio
5.08▼
2023 · 8.36
Debt to equity
0.16▲
2023 · 0.11
ROE
4.8%▼
2023 · 19.1%
ROA
4.1%▼
2023 · 17.1%
Interest coverage
105.00▼
2023 · 547.07
Debt ≤ 1 year
€27k▲
2023 · €21k
Income taxes
€2k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€206k€200k▼
Fixed assets21/28€19k€54k▲
Tangible fixed assets22/27€19k€54k▲
Plant, machinery and equipment23€2k€795▼
Furniture and vehicles24€17k€52k▲
Other tangible fixed assets26-€1k
Current assets29/58€187k€146k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€7k€11k▲
Trade receivables40€752€5k▲
Other amounts receivable41€6k€7k▲
Current investments50/53€25k€25k▲
Cash at bank and in hand54/58€139k€94k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€206k€200k▼
Equity10/15€185k€173k▼
Contributions10/11€6k€6k=
Reserves13€179k€167k▼
Tax-exempt reserves132€8k€8k=
Distributable reserves133€171k€159k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€21k€27k▲
Amounts payable within one year42/48€21k€27k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Remuneration and social security454/9€12€0▼
Other amounts payable47/48€9k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€62k€10k▼
Operating profit (loss)9901€48k€-6k▼
Financial income75/76B€3k€16k▲
Recurring financial income75€3k€2k▼
Non-recurring financial income76B-€14k
Financial charges65/66B€110€87▼
Recurring financial charges65€110€87▼
Profit (loss) for the period before taxes9903€51k€10k▼
Income taxes67/77€16k€2k▼
Profit (loss) for the period9904€35k€8k▼
Profit (loss) for the period to be appropriated9905€35k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€8k▼
Transfer from equity791/2€8k€20k▲
Transfer to equity691/2€35k€8k▼
To other reserves6921€35k€8k▼
Profit to be distributed694/7€8k€20k▲
Return on contributions (dividend)694€8k€20k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €35k ▲311%
Operating result €48k, net result €35k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.54
Current ratio from 4.43 to 9.54; short-term debt falls from €34k to €15k.
31-12
Financial
Equity above €150kEq €158k ▲5.7%
2 profitable years in a row build equity to €158k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼213%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Baan(MEL) 3149120 Beveren-Kruibeke-ZwijndrechtGround area
495 m²
Building footprint
128 m²
Volume, LiDAR
314 m³
Parcel 46016D0028/00V004, Flanders · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE GRUYTER BV
since 19932.036.075.035
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D0028/00V004 | Flanders | 495 m² | 1 · 128 m² | 3.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
XANDER BOGAERTS
BE 0763.663.974
Lille · Eq €172,649
BATI CALOR
BE 0790.194.860
Antwerpen · Eq €172,523
Volt Concept
BE 0788.524.084
Oostende · Eq €172,995
GVDB Technics
BE 0745.489.738
Buggenhout · Eq €172,344
Caluwaerts
BE 0807.368.909
Herent · Eq €172,106
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,947 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-1978
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.