DEBDES
ActiveDEBDES has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €500k and a net result of €199k. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+2
Solvency65▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.01 in 2024; short-term debt: 31.1% and cash: 32.1% of total assets), and 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← 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
40.1%
Return on assets
15.9%
Age of the figures
9 mo
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 · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
120 d early
2023
169 d early
2022
122 d early
2021
122 d early
2020
155 d early
2019
36 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€500k▲ 40.3%
2024 · €357k
2018: €55k
2019: €66k
2020: €79k
2021: €138k
2022: €192k
2023: €240k
2024: €357k
2018 → 2025
Total assets
€1.25M▲ 8.0%
2024 · €1.16M
2018: €248k
2019: €262k
2020: €421k
2021: €472k
2022: €468k
2023: €774k
2024: €1.16M
2018 → 2025
Net result
€199k▲ 15.6%
2024 · €172k
2018: €30k
2019: €40k
2020: €43k
2021: €91k
2022: €84k
2023: €81k
2024: €172k
2018 → 2025
Working capital
€63k▲ 1,682%
2024 · €4k
2018: €-106k
2019: €-140k
2020: €-146k
2021: €-121k
2022: €-66k
2023: €-95k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€192k▲ 38.8%€240k▲ 25.2%€357k▲ 48.4%€500k▲ 40.3%
Operating result€112k-€101k▼ 9.4%€113k▲ 11.1%€233k▲ 107%€262k▲ 12.5%
Net result€91k-€84k▼ 8.4%€81k▼ 3.4%€172k▲ 113%€199k▲ 15.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€797k▲ 7.5%
Current assets
€452k▲ 8.9%
Equity and liabilities €1.25M
Equity
€500k▲ 40.3%
Debt
€749k▼ 6.4%
The debt ratio falls from 69.2% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€302k▲
2024 · €265k
Cash flow
€238k▲
2024 · €204k
Solvency
40.1%▲
2024 · 30.8%
Current ratio
1.16▲
2024 · 1.01
Quick ratio
1.16▲
2024 · 1.01
Debt / equity
1.50▼
2024 · 2.24
ROE
39.7%▼
2024 · 48.3%
ROA
15.9%▲
2024 · 14.9%
Interest coverage
42.12▲
2024 · 26.73
Debt
€749k▼
2024 · €800k
Debt ≤ 1 year
€389k▼
2024 · €411k
Debt > 1 year
€360k▼
2024 · €389k
Income taxes
€62k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.25M▲
Fixed assets21/28€742k€797k▲
Tangible fixed assets22/27€522k€577k▲
Land and buildings22€511k€574k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€11k€827▼
Financial fixed assets28€220k€220k=
Current assets29/58€415k€452k▲
Amounts receivable after more than one year29€46k-
Other amounts receivable291€46k-
Amounts receivable within one year40/41€700€49k▲
Trade receivables40-€3k
Other amounts receivable41€700€46k▲
Cash at bank and in hand54/58€367k€400k▲
Deferred charges and accrued income490/1€899€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.25M▲
Equity10/15€357k€500k▲
Contributions10/11€6k€6k=
Reserves13€350k€494k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€346k€490k▲
Amounts payable17/49€800k€749k▼
Amounts payable after more than one year17€389k€360k▼
Financial debts170/4€389k€360k▼
Amounts payable within one year42/48€411k€389k▼
Current portion of amounts payable after more than one year42€36k€29k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€40k€71k▲
Taxes450/3€40k€71k▲
Other amounts payable47/48€331k€288k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€40k▲
Other operating charges640/8€4k€691▼
Gross operating margin9900€269k€302k▲
Operating profit (loss)9901€233k€262k▲
Financial income75/76B€1k€7k▲
Recurring financial income75€1k€7k▲
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Non-recurring financial charges66B-€43
Profit (loss) for the period before taxes9903€224k€261k▲
Income taxes67/77€52k€62k▲
Profit (loss) for the period9904€172k€199k▲
Profit (loss) for the period to be appropriated9905€172k€199k▲
Appropriation of the result
Profit (loss) to be appropriated9906€172k€199k▲
Transfer to equity691/2€116k€144k▲
To other reserves6921€116k€144k▲
Profit to be distributed694/7€56k€55k▼
Return on contributions (dividend)694€2k-
Directors or managers695€54k€55k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €199k ▲15.6%
Operating result €262k, net result €199k, both a record.
31-12
Financial
Equity above €500kEq €500k ▲40.3%
8 profitable years in a row build equity to €500k.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 1.01
Current ratio from 0.14 to 1.01.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €240k ▲25.2%
6 profitable years in a row build equity to €240k.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €192k ▲38.8%
5 profitable years in a row build equity to €192k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €138k ▲75.1%
4 profitable years in a row build equity to €138k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
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.
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, Nieuwpoort · 1 establishment unit since 2009
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.
Ambachtstraat 18620 NieuwpoortGround area
3,628 m²
Building footprint
1,880 m²
Volume, LiDAR
12,525 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Debouvry Karel
since 20092.180.201.001
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38021B0341/00G002 | Flanders | 2,153 m² | 1 · 1,302 m² | 10.6 m · 3 fl. |
| 38021B0341/00M000 | Flanders | 1,475 m² | 1 · 577 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BUREAU IMMOBILIER ARDENNAIS
BE 0473.685.840
Manhay · Eq €500k
Capital 1
BE 0472.807.890
Sint-Martens-Latem · Eq €501k
D Real Estate
BE 0508.585.351
Ternat · Eq €498k
Vranckx-Verbruggen
BE 0666.793.935
Schoten · Eq €498k
VERTIMMO O.G.
BE 0598.959.558
Leuven · Eq €503k
Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2009
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.