DE VROE
ActiveSummary
DE VROE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250,660 and a net result of €10,749. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 41% of 661 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+1
Solvency56▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.34 in 2024; short-term debt: 41.9% and cash: 6.3% of total assets), and 69.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.5%
Return on assets
1.3%
Age of the figures
12 mo
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 19-02-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
21 d early
2023
28 d early
2022
27 d early
2021
2 d early
2020
3 d early
2019
7 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 23 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% 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 3 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€820,687▼ 2.6%
2024 · €842,883
Net result
€10,749▲ 4.6%
2024 · €10,279
Working capital
€131,856▲ 7.9%
2024 · €122,219
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€13,386▼ 15.5%€23,853▲ 78.2%€26,341▲ 10.4%€43,912▲ 66.7%€43,875▼ 0.1%
Net result€2,478within the sector's middle half▼ 62.4%€6,166within the sector's middle half▲ 149%€3,510within the sector's middle half▼ 43.1%€10,279within the sector's middle half▲ 193%€10,749within the sector's middle half▲ 4.6%
Equity€219,956above the sector's middle half▲ 1.1%€226,122above the sector's middle half▲ 2.8%€229,632above the sector's middle half▲ 1.6%€239,911above the sector's middle half▲ 4.5%€250,660above the sector's middle half▲ 4.5%
Total assets€556,147above the sector's middle half▼ 0.2%€883,709above the sector's middle half▲ 58.9%€855,460above the sector's middle half▼ 3.2%€842,883above the sector's middle half▼ 1.5%€820,687above the sector's middle half▼ 2.6%
Debt€336,192▼ 1.1%€657,587▲ 95.6%€625,828▼ 4.8%€602,972▼ 3.7%€570,027▼ 5.5%
Working capital€184,477above the sector's middle half▲ 9.7%€108,377within the sector's middle half▼ 41.3%€97,767within the sector's middle half▼ 9.8%€122,219above the sector's middle half▲ 25.0%€131,856above the sector's middle half▲ 7.9%
Solvency39.5%within the sector's middle half▲ 0.5pp25.6%within the sector's middle half▼ 14.0pp26.8%within the sector's middle half▲ 1.3pp28.5%within the sector's middle half▲ 1.6pp30.5%within the sector's middle half▲ 2.1pp
Current ratio1.55within the sector's middle half▲ 0.061.27within the sector's middle half▼ 0.281.26within the sector's middle half▼ 0.021.34within the sector's middle half▲ 0.081.38within the sector's middle half▲ 0.04
Return on assets (ROA)0.4%within the sector's middle half▼ 0.7pp0.7%within the sector's middle half▲ 0.3pp0.4%within the sector's middle half▼ 0.3pp1.2%within the sector's middle half▲ 0.8pp1.3%within the sector's middle half▲ 0.1pp
Staff (FTE)2▲ 300%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €820,687
Fixed assets
€345,102 ▼ 4.5%
Current assets
€475,585 ▼ 1.2%
Equity and liabilities €820,687
Equity
€250,660 ▲ 4.5%
Debt
€570,027 ▼ 5.5%
Debt's share of the balance-sheet total falls from 71.5% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,155▼
2024 · €60,192
Cash flow
€27,030▲
2024 · €26,559
Quick ratio
0.17▲
2024 · 0.06
Debt to equity
2.27▼
2024 · 2.51
ROE
4.3%▲
2024 · 4.3%
Interest coverage
2.25▲
2024 · 2.10
Debt ≤ 1 year
€343,729▼
2024 · €359,282
Debt > 1 year
€211,935▼
2024 · €228,330
Income taxes
€7,608▲
2024 · €6,011
Staff costs
€6,425▼
2024 · €6,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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% | 1.8% |
| 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 14,732 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 | €21,650 | €5,065 | €6,120 | €6,489 | €6,425 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,122 | €56,112 | €14,677 | €16,280 | €16,280 | = |
| Other operating charges640/8 | €3,534 | €4,632 | €3,599 | €6,894 | €6,054 | ▼ 12.2% |
| Gross operating margin9900 | €50,691 | €89,662 | €50,737 | €73,576 | €72,634 | ▼ 1.3% |
| Operating profit (loss)9901 | €13,386 | €23,853 | €26,341 | €43,912 | €43,875 | ▼ 0.1% |
| Financial income75/76B | €1,662 | €509 | €1,178 | €1,067 | €1,250 | ▲ 17.1% |
| Recurring financial income75 | €1,662 | €509 | €1,178 | €1,067 | €1,250 | ▲ 17.1% |
| Financial charges65/66B | €9,720 | €13,265 | €20,585 | €28,689 | €26,767 | ▼ 6.7% |
| Recurring financial charges65 | €9,720 | €13,265 | €20,585 | €28,689 | €26,767 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €5,328 | €11,097 | €6,934 | €16,290 | €18,357 | ▲ 12.7% |
| Income taxes67/77 | €2,849 | €4,930 | €3,424 | €6,011 | €7,608 | ▲ 26.6% |
| Profit (loss) for the period9904 | €2,478 | €6,166 | €3,510 | €10,279 | €10,749 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €2,478 | €6,166 | €3,510 | €10,279 | €10,749 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €556,147 | €883,709 | €855,460 | €842,883 | €820,687 | ▼ 2.6% |
| Fixed assets21/28 | €38,137 | €380,255 | €377,662 | €361,382 | €345,102 | ▼ 4.5% |
| Tangible fixed assets22/27 | €37,962 | €380,081 | €377,488 | €361,207 | €344,927 | ▼ 4.5% |
| Land and buildings22 | €32,300 | €380,081 | €365,627 | €351,173 | €336,719 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | €7,953 | €7,157 | €6,362 | ▼ 11.1% |
| Furniture and vehicles24 | €5,662 | €0 | €3,908 | €2,877 | €1,846 | ▼ 35.8% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €518,010 | €503,454 | €477,797 | €481,500 | €475,585 | ▼ 1.2% |
| Stocks and contracts in progress3 | €492,701 | €458,066 | €456,275 | €460,640 | €416,772 | ▼ 9.5% |
| Stocks30/36 | €492,701 | €458,066 | €456,275 | €460,640 | €416,772 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €409 | €1,940 | €586 | €2,519 | €4,496 | ▲ 78.5% |
| Trade receivables40 | €409 | €0 | - | - | €1,000 | - |
| Other amounts receivable41 | - | €1,940 | €586 | €2,519 | €3,496 | ▲ 38.8% |
| Cash at bank and in hand54/58 | €21,181 | €39,610 | €15,860 | €16,002 | €51,971 | ▲ 225% |
| Deferred charges and accrued income490/1 | €3,720 | €3,837 | €5,076 | €2,340 | €2,346 | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €556,147 | €883,709 | €855,460 | €842,883 | €820,687 | ▼ 2.6% |
| Equity10/15 | €219,956 | €226,122 | €229,632 | €239,911 | €250,660 | ▲ 4.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €201,364 | €207,530 | €211,040 | €221,319 | €232,068 | ▲ 4.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €199,504 | €205,671 | €209,181 | €221,319 | €232,068 | ▲ 4.9% |
| Amounts payable17/49 | €336,192 | €657,587 | €625,828 | €602,972 | €570,027 | ▼ 5.5% |
| Amounts payable after more than one year17 | - | €259,851 | €244,298 | €228,330 | €211,935 | ▼ 7.2% |
| Financial debts170/4 | - | €259,851 | €244,298 | €228,330 | €211,935 | ▼ 7.2% |
| Amounts payable within one year42/48 | €333,533 | €395,077 | €380,031 | €359,282 | €343,729 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €15,149 | €15,553 | €15,968 | €16,394 | ▲ 2.7% |
| Financial debts43 | €90,000 | €90,000 | €90,000 | €80,000 | €80,000 | = |
| Credit institutions430/8 | €90,000 | €90,000 | €90,000 | €80,000 | €80,000 | = |
| Trade debts44 | €15,571 | €39,855 | €24,374 | €13,295 | €5,611 | ▼ 57.8% |
| Suppliers440/4 | €15,571 | €39,855 | €24,374 | €13,295 | €5,611 | ▼ 57.8% |
| Taxes, remuneration and social security45 | €15,215 | €6,006 | €1,409 | €9,486 | €7,594 | ▼ 19.9% |
| Taxes450/3 | €11,750 | €5,322 | €778 | €2,507 | €484 | ▼ 80.7% |
| Remuneration and social security454/9 | €3,465 | €684 | €631 | €6,979 | €7,109 | ▲ 1.9% |
| Other amounts payable47/48 | €212,747 | €244,067 | €248,694 | €240,532 | €234,130 | ▼ 2.7% |
| Accrued charges and deferred income492/3 | €2,659 | €2,660 | €1,499 | €15,360 | €14,362 | ▼ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,478 | €6,166 | €3,510 | €10,279 | €10,749 | ▲ 4.6% |
| + Depreciation and write-downs630 | €12,122 | €56,112 | €14,677 | €16,280 | €16,280 | = |
| Operating cash flow (approximation) | €14,600 | €62,278 | €18,187 | €26,559 | €27,030 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€398,231 | -€12,084 | €0 | €0 | - |
| Change in cash | - | €18,430 | -€23,750 | €141 | €35,969 | ▲ 25,360% |
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
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €10,749 ▲4.6%
Net result €10,749, the highest in the series.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €6,584
Net result €6,584 after 2 loss-making years.
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€5,239
Net result drops to -€5,239, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-03
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 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1997
Ground area
860 m²
Building footprint
446 m²
Volume, LiDAR
3,124 m³
2 parcels, Flanders · tallest building 17.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FABRIGOLD
since 19972.083.766.668
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31433D0153/00B003 | Flanders | 548 m² | 1 · 220 m² | 8.9 m · 1 fl. |
| 31433D0153/00H003 | Flanders | 311 m² | 1 · 225 m² | 17.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in this sector we hold annual accounts for 225. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded31-07-1997
Fiscal year end30-09
Activities, NACEBEL 2025
32123Manufacture of jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461245886
Also
9925:BE0461245886
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.