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DEBELS

Active
Public limited companyfounded 194977 yrs activeMeensesteenweg 608, 8800 Roeselare, BelgiumKBO/BCE: BE 0405.326.574
Summary

DEBELS has been active since 1949 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €132,201. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability49▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210,000 at 30 days acceptable
short-term debt: 0% and cash: 1.8% of total assets, and 0% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 77 years 0 80 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
100%
Return on assets
4.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
7 d early
2023
31 d late
2022
19 d early
2021
4 d early
2020
16 d early
2019
27 d late
← 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 January 1949, DEBELS was incorporated.1 Total assets went from EUR 3.9 million in 2018 to EUR 2.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€132,201▲ 15.7%
2024 · €114,309
Working capital
€2.9m▲ 4.8%
2024 · €2.7m
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
Line20212022202320242025
Operating result€74,447▼ 6.8%€91,304▲ 22.6%€88,329▼ 3.3%€65,528▼ 25.8%€86,463▲ 31.9%
Net result€112,282▼ 2.9%€125,812▲ 12.0%€130,928▲ 4.1%€114,309▼ 12.7%€132,201▲ 15.7%
Equity€2.6m▲ 4.5%€2.7m▲ 4.8%€2.9m▲ 4.8%€2.7m▼ 4.7%€2.9m▲ 4.8%
Total assets€2.6m▼ 17.3%€2.7m▲ 4.4%€2.9m▲ 5.1%€3.0m▲ 3.5%€2.9m▼ 3.9%
Debt€15,101▼ 97.8%€5,446▼ 63.9%€13,418▲ 146%€250,371▲ 1,766%€1,005▼ 99.6%
Working capital€2.6m▲ 4.5%€2.7m▲ 4.8%€2.9m▲ 4.8%€2.7m▼ 4.7%€2.9m▲ 4.8%
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2021: €74,447€74,447Net result 2021: €112,282€112,282Operating result 2022: €91,304€91,304Net result 2022: €125,812€125,812Operating result 2023: €88,329€88,329Net result 2023: €130,928€130,928Operating result 2024: €65,528€65,528Net result 2024: €114,309€114,309Operating result 2025: €86,463€86,463Net result 2025: €132,201€132,20120212022202320242025€0€50,000€100,000€150,000Operating result 2023: €88,329€88,300Net result 2023: €130,928€131,000Operating result 2024: €65,528€65,500Net result 2024: €114,309€114,000Operating result 2025: €86,463€86,500Net result 2025: €132,201€132,000202320242025
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.9m
Equity €2.9m ▲ 4.8%
Debt €1,005 ▼ 99.6%
Debt's share of the balance-sheet total falls from 8.4% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.00▼
2024 · 0.09
ROE
4.6%▲
2024 · 4.2%
ROA
4.6%▲
2024 · 3.8%
Debt ≤ 1 year
€1,005▼
2024 · €250,371
Income taxes
€43,933▼
2024 · €45,023
A ratio outside any meaningful range has been withheld (balance sheet total €2.9m, equity €2.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 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 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 14,684 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.0m€2.9m▼
Current assets29/58€3.0m€2.9m▼
Amounts receivable within one year40/41€2.9m€2.8m▼
Trade receivables40€55,512€7,115▼
Other amounts receivable41€2.9m€2.8m▼
Cash at bank and in hand54/58€66,028€51,066▼
Equity and liabilities
Total equity and liabilities10/49€3.0m€2.9m▼
Equity10/15€2.7m€2.9m▲
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€2.6m€2.8m▲
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Tax-exempt reserves132€56,250€56,250=
Distributable reserves133€2.6m€2.7m▲
Amounts payable17/49€250,371€1,005▼
Amounts payable within one year42/48€250,371€1,005▼
Trade debts44€119€63▼
Suppliers440/4€119€63▼
Other amounts payable47/48€250,252€943▼
Income statement Code20242025
Other operating charges640/8€1,094€1,126▲
Gross operating margin9900€66,622€87,590▲
Operating profit (loss)9901€65,528€86,463▲
Financial income75/76B€93,804€89,670▼
Recurring financial income75€93,804€89,670▼
Profit (loss) for the period before taxes9903€159,332€176,134▲
Income taxes67/77€45,023€43,933▼
Profit (loss) for the period9904€114,309€132,201▲
Profit (loss) for the period to be appropriated9905€114,309€132,201▲
Appropriation of the result
Profit (loss) to be appropriated9906€114,309€132,201▲
Transfer from equity791/2€135,691-
Transfer to equity691/2-€132,201
To other reserves6921-€132,201
Profit to be distributed694/7€250,000-
Return on contributions (dividend)694€250,000-

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€979€980€1,075€1,094€1,126▲ 3.0%
Non-recurring operating charges66A€2,600-----
Gross operating margin9900€78,026€92,284€89,404€66,622€87,590▲ 31.5%
Operating profit (loss)9901€74,447€91,304€88,329€65,528€86,463▲ 31.9%
Financial income75/76B€78,482€77,948€80,482€93,804€89,670▼ 4.4%
Recurring financial income75€78,482€77,948€80,482€93,804€89,670▼ 4.4%
Financial charges65/66B€3,165-€13---
Recurring financial charges65€3,165-€13---
Profit (loss) for the period before taxes9903€149,763€169,253€168,797€159,332€176,134▲ 10.5%
Income taxes67/77€37,481€43,441€37,869€45,023€43,933▼ 2.4%
Profit (loss) for the period9904€112,282€125,812€130,928€114,309€132,201▲ 15.7%
Profit (loss) for the period to be appropriated9905€112,282€125,812€130,928€114,309€132,201▲ 15.7%
Line20212022202320242025Change
Assets
Total assets20/58€2.6m€2.7m€2.9m€3.0m€2.9m▼ 3.9%
Current assets29/58€2.6m€2.7m€2.9m€3.0m€2.9m▼ 3.9%
Amounts receivable within one year40/41€2.4m€2.5m€2.8m€2.9m€2.8m▼ 3.5%
Trade receivables40€33,161€41,836€2,411€55,512€7,115▼ 87.2%
Other amounts receivable41€2.4m€2.5m€2.8m€2.9m€2.8m▼ 1.9%
Current investments50/53€6,330-----
Cash at bank and in hand54/58€185,465€221,234€89,672€66,028€51,066▼ 22.7%
Deferred charges and accrued income490/1--€32,000---
Equity and liabilities
Total equity and liabilities10/49€2.6m€2.7m€2.9m€3.0m€2.9m▼ 3.9%
Equity10/15€2.6m€2.7m€2.9m€2.7m€2.9m▲ 4.8%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Reserves13€2.5m€2.6m€2.8m€2.6m€2.8m▲ 5.0%
Non-distributable reserves130/1€10,000€10,000€10,000€10,000€10,000=
Legal reserve130€10,000€10,000€10,000€10,000€10,000=
Tax-exempt reserves132€56,250€56,250€56,250€56,250€56,250=
Distributable reserves133€2.4m€2.6m€2.7m€2.6m€2.7m▲ 5.2%
Amounts payable17/49€15,101€5,446€13,418€250,371€1,005▼ 99.6%
Amounts payable within one year42/48€15,101€5,446€13,418€250,371€1,005▼ 99.6%
Trade debts44€22€1,946-€119€63▼ 47.4%
Suppliers440/4€22€1,946-€119€63▼ 47.4%
Taxes, remuneration and social security45€8,481€3,500€13,000---
Taxes450/3€8,481€3,500€13,000---
Other amounts payable47/48€6,598-€418€250,252€943▼ 99.6%
Line20212022202320242025Change
Profit (loss) for the period9904€112,282€125,812€130,928€114,309€132,201▲ 15.7%
Operating cash flow (approximation)€112,282€125,812€130,928€114,309€132,201▲ 15.7%
Change in cash-€35,769-€131,562-€23,644-€14,963▲ 36.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €132,201 ▲15.7%
Net result €132,201, the highest in the series.
31-12
Financial Liquidity times 239current ratio 2849.66
Current ratio from 11.91 to 2849.66; short-term debt falls from €250,371 to €1,005.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
12-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity triplescurrent ratio 503.53
Current ratio from 173.88 to 503.53; short-term debt falls from €15,101 to €5,446.
27-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity times 37current ratio 173.88
Current ratio from 4.70 to 173.88; short-term debt falls from €676,078 to €15,101.
15-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial Liquidity doublescurrent ratio 4.55
Current ratio from 1.98 to 4.55; short-term debt falls from €1.6m to €671,023.
Show earlier events
24-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
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 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Roeselare · 1 establishment unit since 1949
seat establishment The establishment unit on the map
Ground area
2.6 ha
Building footprint
2.3 ha
Parcel 36017D0732/00T000, Flanders. Linked by address, not a title deed.
37 companies at this address See who is registered here
1 establishment unit
Meensesteenweg 608, 8800 Roeselare
NACE 5154101
since 19492.002.772.856
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36017D0732/00T000 Flanders 2.6 ha 1 · 2.3 ha -
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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. ESBELD 59.75%
  2. DEBELS

Highest known parent: ESBELD. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 505 companies in sector 46841 we hold annual accounts for 365. 248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded01-01-1949
Fiscal year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405326574
Also 9925:BE0405326574
Registered 31-10-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.