DEBCON
ActiveSummary
DEBCON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.86M and a net result of €137k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+4
Solvency100▲+20
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.35 in 2023; short-term debt: 16.3% and cash: 4.7% of total assets), and 17.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.6%
Return on assets
4%
Age of the figures
21 mo
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 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
29 d late
2022
24 d late
2021
24 d late
2020
30 d late
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
In the rankings
#2 company by equity in Staden, Real estate sector#7 company by total assets in Staden, Real estate sector#7 oldest company in Staden, Real estate sector
Equity
€2.86M▲ 5.0%
2023 · €2.72M
Total assets
€3.46M▼ 30.5%
2023 · €4.98M
Net result
€137k▲ 313%
2023 · €33k
Working capital
€760k▼ 2.5%
2023 · €780k
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
Line20202021202220232024
Operating result€-57k€-83k▼ 47.1%€324k€-10k€-49k▼ 385%
Net result€99k▼ 77.1%€398k▲ 303%€395k▼ 0.7%€33k▼ 91.6%€137k▲ 313%
Equity€1.90M▲ 5.5%€2.29M▲ 21.0%€2.69M▲ 17.2%€2.72M▲ 1.2%€2.86M▲ 5.0%
Total assets€4.02M▼ 4.1%€4.46M▲ 10.9%€4.96M▲ 11.3%€4.98M▲ 0.4%€3.46M▼ 30.5%
Debt€2.08M▼ 11.4%€2.12M▲ 2.0%€2.23M▲ 5.2%€2.22M▼ 0.4%€565k▼ 74.6%
Working capital€35k€197k▲ 464%€693k▲ 251%€780k▲ 12.5%€760k▼ 2.5%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49k in 2024 against €10k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.46M
Fixed assets
€2.14M ▲ 8.0%
Current assets
€1.32M ▼ 55.9%
Equity and liabilities €3.46M
Equity
€2.86M ▲ 5.0%
Provisions
€36k =
Debt
€565k ▼ 74.6%
Debt's share of the balance-sheet total falls from 44.6% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2023 · €67k
Cash flow
€212k▲
2023 · €110k
Current ratio
2.35▲
2023 · 1.35
Quick ratio
2.32▲
2023 · 1.20
Debt to equity
0.20▼
2023 · 0.82
ROE
4.8%▲
2023 · 1.2%
ROA
4.0%▲
2023 · 0.7%
Interest coverage
39.18▲
2023 · 11.31
Debt ≤ 1 year
€564k▼
2023 · €2.22M
Income taxes
€16k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €353k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85k | €113k | €77k | €77k | €75k | ▼ 2.9% |
| Other operating charges640/8 | - | €18k | €17k | €18k | €19k | ▲ 5.2% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €46k | €48k | €418k | €85k | €45k | ▼ 47.4% |
| Operating profit (loss)9901 | €-57k | €-83k | €324k | €-10k | €-49k | ▼ 385% |
| Financial income75/76B | - | €522k | €112k | €59k | €203k | ▲ 243% |
| Recurring financial income75 | €169k | €522k | €112k | €59k | €203k | ▲ 243% |
| Financial charges65/66B | - | €3k | €4k | €6k | €665 | ▼ 88.8% |
| Recurring financial charges65 | €10k | €3k | €4k | €6k | €665 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | €102k | €436k | €432k | €43k | €153k | ▲ 255% |
| Transfer from deferred taxes780 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Income taxes67/77 | €6k | €40k | €39k | €12k | €16k | ▲ 34.6% |
| Profit (loss) for the period9904 | €99k | €398k | €395k | €33k | €137k | ▲ 313% |
| Transfer from tax-exempt reserves789 | - | €5k | €5k | €5k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €104k | €403k | €400k | €38k | €137k | ▲ 258% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.02M | €4.46M | €4.96M | €4.98M | €3.46M | ▼ 30.5% |
| Fixed assets21/28 | €1.91M | €2.14M | €2.03M | €1.98M | €2.14M | ▲ 8.0% |
| Tangible fixed assets22/27 | €1.86M | €2.09M | €1.99M | €1.94M | €2.09M | ▲ 8.2% |
| Land and buildings22 | - | €2.08M | €1.98M | €1.93M | €2.09M | ▲ 8.3% |
| Plant, machinery and equipment23 | - | €0 | - | €2k | €2k | ▼ 10.9% |
| Furniture and vehicles24 | - | €12k | €6k | €2k | €2k | ▼ 24.4% |
| Financial fixed assets28 | €43k | €43k | €43k | €43k | €43k | = |
| Current assets29/58 | €2.11M | €2.32M | €2.93M | €3.00M | €1.32M | ▼ 55.9% |
| Amounts receivable after more than one year29 | - | - | €761k | €1.03M | €232k | ▼ 77.5% |
| Other amounts receivable291 | - | - | €761k | €1.03M | €232k | ▼ 77.5% |
| Stocks and contracts in progress3 | €425k | €425k | €368k | €341k | €14k | ▼ 95.9% |
| Stocks30/36 | - | €425k | €368k | €341k | €14k | ▼ 95.9% |
| Amounts receivable within one year40/41 | €107k | €482k | €919k | €973k | €460k | ▼ 52.7% |
| Trade receivables40 | - | €6k | €8k | €9k | €10k | ▲ 18.8% |
| Other amounts receivable41 | - | €476k | €911k | €965k | €450k | ▼ 53.4% |
| Current investments50/53 | €958k | €876k | €308k | €268k | €453k | ▲ 69.2% |
| Cash at bank and in hand54/58 | €624k | €528k | €549k | €371k | €163k | ▼ 56.2% |
| Deferred charges and accrued income490/1 | - | €8k | €21k | €22k | €2k | ▼ 89.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.02M | €4.46M | €4.96M | €4.98M | €3.46M | ▼ 30.5% |
| Equity10/15 | €1.90M | €2.29M | €2.69M | €2.72M | €2.86M | ▲ 5.0% |
| Contributions10/11 | €955k | €955k | €955k | €955k | €955k | = |
| Capital10 | - | €955k | €955k | - | - | - |
| Issued capital100 | - | €955k | €955k | - | - | - |
| Reserves13 | €330k | €725k | €1.11M | €1.15M | €1.28M | ▲ 11.8% |
| Non-distributable reserves130/1 | - | €80k | €96k | €0 | - | - |
| Legal reserve130 | - | €80k | €96k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Tax-exempt reserves132 | - | €123k | €118k | €113k | €113k | = |
| Distributable reserves133 | - | €521k | €901k | €1.03M | €1.17M | ▲ 13.1% |
| Profit (loss) carried forward14 | €611k | €614k | €619k | €619k | €620k | ▲ 0.2% |
| Provisions and deferred taxes16 | €42k | €40k | €38k | €36k | €36k | = |
| Deferred taxes168 | - | €40k | €38k | €36k | €36k | = |
| Amounts payable17/49 | €2.08M | €2.12M | €2.23M | €2.22M | €565k | ▼ 74.6% |
| Amounts payable within one year42/48 | €2.08M | €2.12M | €2.23M | €2.22M | €564k | ▼ 74.7% |
| Trade debts44 | €5k | €7k | €7k | €11k | €16k | ▲ 49.8% |
| Suppliers440/4 | - | €7k | €7k | €11k | €16k | ▲ 49.8% |
| Taxes, remuneration and social security45 | - | €38k | €79k | €46k | €18k | ▼ 61.5% |
| Taxes450/3 | - | €38k | €74k | €46k | €13k | ▼ 71.5% |
| Remuneration and social security454/9 | - | - | €4k | €0 | €5k | - |
| Other amounts payable47/48 | - | €2.08M | €2.15M | €2.17M | €529k | ▼ 75.6% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €398k | €395k | €33k | €137k | ▲ 313% |
| + Depreciation and write-downs630 | €85k | €113k | €77k | €77k | €75k | ▼ 2.9% |
| Operating cash flow (approximation) | €184k | €511k | €472k | €110k | €212k | ▲ 92.0% |
| Investment in fixed assets (approximation) | - | €-345k | €26k | €-21k | €-233k | ▼ 989% |
| Change in cash | - | €-96k | €22k | €-178k | €-208k | ▼ 16.9% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €33k ▼91.6%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Equity above €2MEq €2.29M ▲21%
4 profitable years in a row build equity to €2.29M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 97 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 76 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Staden · 1 establishment unit since 1995
Ground area
7,558 m²
Building footprint
239 m²
Volume, LiDAR
1,439 m³
Parcel 36019A0996/00R000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint Jansstraat(STA) 131, 8840 Staden
since 19952.070.003.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019A0996/00R000 | Flanders | 7,558 m² | 1 · 239 m² | 10.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900GILTYUZVA0LL45
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 2,323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
69201Certified accountants and tax accountants
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
69109Other legal services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.