Equity
€403,529 from €1.4m in 2007
Equity fell by 71% in 18 years.
DEBRA
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €359,570 (2018)
€65,546▲ 15.0%
lowest -€190,350 (2007)
-€31,680▲ €5,273
peak €1.4m (2007)
€403,529▼ 7.3%
€979,124▼ 3.5%
Board5 names since 2018
1 directorMarie-Lies Desodt
Documentsfilings and deeds
08-08-20268 days late
2025micro format
Gross margin from €57,007 to €65,546Loss of €31,680
Key points
from the 2025 annual accountsLosses
-€235,130 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €85,000 estimated
The micro format states no turnover.
Debts
€979,124 71% of the balance sheet
After one year 0%Within one year 100%
Of this, €978,389 falls due within a year.
Filings
36 annual accounts since 1990
Nine of the last ten came late. The 2019 accounts came latest: 98 days after the end of the period.
Position in the sector
-€31,680
Lower net result than 88% of companies in real estate. Sector median €5,986 · 17,185 companies.
Checked score
92
Excellent
Financially stronger than 36% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.02, cash €10,886
lowers risk
Size: total assets €1.4m
Founded in 1989
Figures for financial year 2025 (filed on 16-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 48% of them on solvency, 12% on liquidity, 52% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as DEBRA has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DEBRA itself is lower: 0.1% within 12 months. It rests on far more data about DEBRA than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,507 companies, not a prediction for DEBRA. 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.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.02 in 2024), below 1. Short-term debt is 70.8% and cash 0.8% of total assets. 70.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€31,680
raises risk · 2025 accounts filed 8 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
8 days late
2024
20 days late
2023
39 days early
2022
31 days late
2021
28 days late
2020
30 days late
2019
98 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New director
Marie-Lies Desodt appointed, Marie-Lies Desodt resigned · Director discharge: Marie-Lies Desodt · General meeting of 03-07-2023 · Gazette deed
Registered office moved from Wervik to Kortrijk
New registered office: Minister Liebaertlaan 59, 8500 Kortrijk · Previous registered office: Vosstraat 2, 8940 Wervik · Resignations: Mario Desodt (manager) and Brackx Karoline (statutory manager) · General meeting of 09-07-2018 · Gazette deed
First establishment
Minister Liebaertlaan 59, Kortrijk
Incorporation
published on 12-07-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEBRA Kortrijk | €1.4m | €65,546 | 29.2% | - |
| IMMO DEDUMA Wevelgem | €1.5m | €60,553 | 71.6% | - |
| arc-huis Damme | €1.7m | €61,383 | 52.4% | - |
| GASTHOF DE KRAKELE Oostkamp | €1.3m | €69,515 | -1.6% | - |
| WEVERIJ DEWEER Avelgem | €1.5m | €69,630 | 29.5% | 0 |
| IMMO A. BEIRENS De Haan | €1.2m | €63,736 | 60.1% | - |
| VISINVEST Visé | €1.3m | €71,070 | 23.0% | 0 |
These companies have the same main activity as DEBRA: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 1983 and 1995.
Official details
Source: KBO- Status
- Active since 19-06-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.043.910.4578500 Kortrijk, since 28-06-1989
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on DEBRA
DEBRA files the micro format. That format states no turnover. The gross margin rose from -€32,918 in 2006 to €65,546 in 2025.
The balance sheet grew most from 2014 to 2015 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DEBRA
- What is the company number of DEBRA?
- The company number of DEBRA is 0437.628.267. The VAT number is the same number with BE in front: BE 0437.628.267.
- Where is DEBRA based?
- The registered office is at Minister Liebaertlaan 59, 8500 Kortrijk.Company details
- What does DEBRA do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of DEBRA?
- DEBRA is a private limited company (BV).
- When was DEBRA founded?
- DEBRA was founded on 19-06-1989.
- Is DEBRA still active?
- Yes, DEBRA is an active enterprise in the KBO register.
- What is the turnover of DEBRA?
- The turnover in financial year 2025 is ≈ €85,000. This figure is estimated from the gross margin of €65,546 and 45 comparable companies (NACE 682). It probably lies between €73,000 and €110,000.Financials
- Is DEBRA profitable?
- In financial year 2025, DEBRA made a loss of €31,680.
- Where can I find the annual accounts of DEBRA?
- DEBRA filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEBRA due?
- DEBRA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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