DEBAENE
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 17-09-2026 at the NBB all 21 filings
Turnover
≈ €1.5m
Estimated: probably between €910,000 and €2.6m
Total assets
€2.2m▼ 9.5%
2025 · €2.5m
Net result
€226,048▼ 21.3%
2025 · €287,147
Working capital
€1.1m▲ 1.7%
2025 · €1.1m
In the rankings
#4 company by total assets in Heuvelland, Manufacturing sector#4 oldest company in Heuvelland, Manufacturing sector
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€351,824
▼ 20.2%
2026
20192026
Net result
€226,048
▼ 21.3%
2026
20192026
Equity
€1.5m
▲ 4.7%
2026
20192026
Total assets
€2.2m
▼ 9.5%
2026
20192026
Debt
€702,442
▼ 30.3%
2026
20192026
Working capital
€1.1m
▲ 1.7%
2026
20192026
Solvency
68.8%
▲ 9.3pp
2026
20192026
Current ratio
3.18
▲ 0.76
2026
20192026
Return on assets (ROA)
10.1%
▼ 1.5pp
2026
20192026
Staff (FTE)
3.7
▲ 5.7%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m-€0.2m▼ 9.4%€0.4m▲ 60.6%€0.3m▼ 11.1%€0.2m▼ 34.9%€0.4m▲ 98.7%€0.4m▲ 7.2%€0.4m▼ 20.2%
Net result€0.2m-€0.2m▼ 16.6%€0.2mabove the sector's middle half▲ 40.2%€0.2mabove the sector's middle half▼ 4.5%€0.1mwithin the sector's middle half▼ 37.1%€0.3mabove the sector's middle half▲ 106%€0.3mabove the sector's middle half▲ 6.1%€0.2m▼ 21.3%
Equity€1.2m-€1.2m▲ 1.8%€1.3mabove the sector's middle half▲ 8.4%€1.2mabove the sector's middle half▼ 9.1%€1.3mabove the sector's middle half▲ 11.4%€1.4mabove the sector's middle half▲ 6.8%€1.5mabove the sector's middle half▲ 7.3%€1.5m▲ 4.7%
Total assets€1.2m-€1.9m▲ 57.1%€2.1mabove the sector's middle half▲ 7.8%€2.0mwithin the sector's middle half▼ 4.1%€2.0mwithin the sector's middle half▼ 1.3%€2.1mwithin the sector's middle half▲ 4.9%€2.5mabove the sector's middle half▲ 20.2%€2.2m▼ 9.5%
Debt€0.08m-€0.8m▲ 895%€0.8m▲ 6.9%€0.8m▲ 3.7%€0.7m▼ 18.9%€0.7m▲ 1.3%€1.0m▲ 46.0%€0.7m▼ 30.3%
Working capital€0.6m-€1.0m▲ 80.4%€1.0mabove the sector's middle half▼ 0.6%€0.7mabove the sector's middle half▼ 26.1%€0.9mabove the sector's middle half▲ 19.5%€0.9mabove the sector's middle half▲ 6.3%€1.1mabove the sector's middle half▲ 12.8%€1.1m▲ 1.7%
Solvency93.8%-60.8%▼ 33.0pp61.1%above the sector's middle half▲ 0.3pp57.9%within the sector's middle half▼ 3.2pp65.4%above the sector's middle half▲ 7.5pp66.6%above the sector's middle half▲ 1.2pp59.4%within the sector's middle half▼ 7.2pp68.8%▲ 9.3pp
Current ratio11.86-4.64▼ 7.233.60above the sector's middle half▼ 1.042.59within the sector's middle half▼ 1.013.52above the sector's middle half▲ 0.933.33above the sector's middle half▼ 0.202.41within the sector's middle half▼ 0.913.18▲ 0.76
Return on assets (ROA)15.2%-8.1%▼ 7.2pp10.5%within the sector's middle half▲ 2.4pp10.5%within the sector's middle half=6.7%within the sector's middle half▼ 3.8pp13.1%above the sector's middle half▲ 6.4pp11.6%within the sector's middle half▼ 1.5pp10.1%▼ 1.5pp
Staff (FTE)1.7-2▲ 17.6%2.2below the sector's middle half▲ 10.0%2.2within the sector's middle half=2.4within the sector's middle half▲ 9.1%2.3within the sector's middle half▼ 4.2%3.5within the sector's middle half▲ 52.2%3.7▲ 5.7%
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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 2026 is 20% lower than in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.2m
Fixed assets
€687,799 ▼ 0.1%
Current assets
€1.6m ▼ 13.1%
Equity and liabilities €2.2m
Equity
€1.5m ▲ 4.7%
Debt
€702,442 ▼ 30.3%
Debt's share of the balance-sheet total falls from 40.6% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€498,481▼
2025 · €578,111
Cash flow
€372,705▼
2025 · €424,163
Quick ratio
1.51▲
2025 · 0.92
Debt to equity
0.45▼
2025 · 0.68
ROE
14.6%▼
2025 · 19.5%
Interest coverage
17.26▼
2025 · 18.93
Debt ≤ 1 year
€491,301▼
2025 · €744,121
Debt > 1 year
€206,055▼
2025 · €258,532
Income taxes
€97,370▼
2025 · €124,054
Staff costs
€141,105▲
2025 · €110,062
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 4 | 3 | 5 | 5 |
| full-time | 1 | 2 | 1 | 3 | 3 |
| part-time | 2 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 2.2 | 3.2 | 2.2 | 4.2 | 4.3 |
| Average over the year, in full-time equivalents | 2.2 | 2.4 | 2.3 | 3.5 | 3.7 |
| On a permanent contract | 3 | 3 | 2 | 3 | 3 |
| Joined | - | 1 | 0 | 3 | - |
| Left | - | 0 | 1 | 0 | - |
| Training hours | - | - | - | - | 3 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €288,379 | €298,709 | €292,329 | €323,314 | €249,623 |
| Depreciation and write-downs of the year | €124,868 | €104,237 | €116,855 | €137,016 | €146,657 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €90,676 | €83,495 | €100,535 | €59,292 | €32,029 | ▼ 46.0% |
| Remuneration, social security and pensions62 | - | - | - | €106,640 | €129,040 | €99,247 | €110,062 | €141,105 | ▲ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €134,639 | €133,440 | €113,530 | €124,868 | €104,237 | €116,855 | €137,016 | €146,657 | ▲ 7.0% |
| Other operating charges640/8 | - | - | - | €4,960 | €3,512 | €3,600 | €4,081 | €4,174 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | €2,556 | - | €495 | - | - | - |
| Gross operating margin9900 | €464,289 | €460,078 | €572,634 | €557,038 | €443,853 | €631,709 | €692,253 | €643,760 | ▼ 7.0% |
| Operating profit (loss)9901 | €245,807 | €222,614 | €357,621 | €318,014 | €207,064 | €411,512 | €441,094 | €351,824 | ▼ 20.2% |
| Financial income75/76B | - | - | - | €0 | - | €626 | €649 | €480 | ▼ 26.0% |
| Recurring financial income75 | - | €101 | - | €0 | - | €626 | €649 | €480 | ▼ 26.0% |
| Financial charges65/66B | - | - | - | €17,462 | €18,676 | €22,332 | €30,542 | €28,886 | ▼ 5.4% |
| Recurring financial charges65 | €2,657 | €8,153 | €12,238 | €17,462 | €18,676 | €22,332 | €30,542 | €28,886 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €243,150 | €214,562 | €345,383 | €300,552 | €188,388 | €389,805 | €411,201 | €323,418 | ▼ 21.3% |
| Income taxes67/77 | €55,753 | €58,284 | €126,339 | €91,463 | €56,803 | €119,147 | €124,054 | €97,370 | ▼ 21.5% |
| Profit (loss) for the period9904 | €187,397 | €156,278 | €219,045 | €209,089 | €131,585 | €270,658 | €287,147 | €226,048 | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | €187,397 | €156,278 | €359,831 | €209,089 | €131,585 | €270,658 | €287,147 | €226,048 | ▼ 21.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.9m | €2.1m | €2.0m | €2.0m | €2.1m | €2.5m | €2.2m | ▼ 9.5% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.7m | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.7m | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 11.4% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 29.7% |
| Furniture and vehicles24 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 14.9% |
| Current assets29/58 | €0.6m | €1.3m | €1.4m | €1.2m | €1.2m | €1.3m | €1.8m | €1.6m | ▼ 13.1% |
| Stocks and contracts in progress3 | €0.3m | €0.7m | €0.7m | €0.7m | €0.5m | €0.8m | €1.1m | €0.8m | ▼ 25.9% |
| Stocks30/36 | - | - | - | €0.7m | €0.5m | €0.8m | €1.1m | €0.8m | ▼ 25.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 35.9% |
| Trade receivables40 | - | - | - | €0.3m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 23.5% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.01m | €0.07m | €0.07m | €0.01m | ▼ 80.9% |
| Cash at bank and in hand54/58 | €0.05m | €0.2m | €0.4m | €0.2m | €0.2m | €0.1m | €0.3m | €0.5m | ▲ 49.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.004m | €0.009m | €0.01m | ▲ 26.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.9m | €2.1m | €2.0m | €2.0m | €2.1m | €2.5m | €2.2m | ▼ 9.5% |
| Equity10/15 | €1.2m | €1.2m | €1.3m | €1.2m | €1.3m | €1.4m | €1.5m | €1.5m | ▲ 4.7% |
| Contributions10/11 | €0.2m | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €1.0m | €1.1m | €1.2m | €1.1m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 4.8% |
| Distributable reserves133 | - | - | - | €1.1m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 4.8% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.3% |
| Amounts payable17/49 | €0.08m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €1.0m | €0.7m | ▼ 30.3% |
| Amounts payable after more than one year17 | €0.02m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 20.3% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 20.3% |
| Amounts payable within one year42/48 | €0.05m | €0.3m | €0.4m | €0.5m | €0.3m | €0.4m | €0.7m | €0.5m | ▼ 34.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 0.4% |
| Financial debts43 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 66.4% |
| Credit institutions430/8 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 66.4% |
| Trade debts44 | €0.02m | €0.05m | €0.09m | €0.07m | €0.07m | €0.1m | €0.3m | €0.06m | ▼ 83.8% |
| Suppliers440/4 | - | - | - | €0.07m | €0.07m | €0.1m | €0.3m | €0.06m | ▼ 83.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 24.2% |
| Taxes450/3 | - | - | - | €0.005m | €0.02m | €0.02m | €0.008m | €0.007m | ▼ 3.6% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.006m | €0.004m | €0.01m | €0.007m | ▼ 38.8% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 10.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.005m | €0.006m | €0.005m | €0.005m | ▼ 2.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,397 | €156,278 | €219,045 | €209,089 | €131,585 | €270,658 | €287,147 | €226,048 | ▼ 21.3% |
| + Depreciation and write-downs630 | €134,639 | €133,440 | €113,530 | €124,868 | €104,237 | €116,855 | €137,016 | €146,657 | ▲ 7.0% |
| Operating cash flow (approximation) | €322,036 | €289,718 | €332,575 | €333,957 | €235,822 | €387,513 | €424,163 | €372,705 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | -€167,236 | -€163,734 | -€217,956 | -€47,804 | -€105,794 | -€91,006 | -€145,952 | ▼ 60.4% |
| Change in cash | - | €197,874 | €140,807 | -€193,440 | €46,549 | -€112,151 | €215,200 | €170,093 | ▼ 21.0% |
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, 31,368 companies had the same profile as DEBAENE has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEBAENE itself: < 0.1% 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 31,368 companies, not a prediction for DEBAENE. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | abbreviated format | 17-09-2026 | 2026-00516534 | |
| 30-06-2025 | abbreviated format | 26-09-2025 | 2025-00506581 | |
| 30-06-2024 | abbreviated format | 13-09-2024 | 2024-00462378 | |
| 30-06-2023 | abbreviated format | 03-10-2023 | 2023-00468184 | |
| 30-06-2022 | abbreviated format | 21-11-2022 | 2022-20522816 | |
| 30-06-2021 | abbreviated format | 14-12-2021 | 2021-80400101 | |
| 30-06-2020 | abbreviated format | 13-11-2020 | 2020-70500154 | |
| 30-06-2019 | abbreviated format | 18-09-2019 | 2019-64800242 | |
| 30-06-2018 | abbreviated format | 22-11-2018 | 2018-72700567 | |
| 30-06-2017 | abbreviated format | 11-01-2018 | 2018-01000514 |