DEBRA
ActiveSummary
DEBRA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €404k and a net result of €-32k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66=
Solvency54▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.02 in 2024; short-term debt: 70.8% and cash: 0.8% of total assets), and 70.8% 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+raises 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
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 €-32k
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
8 d late
2024
20 d late
2023
39 d early
2022
31 d late
2021
28 d late
2020
30 d late
2019
98 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€404k▼ 7.3%
2024 · €435k
Total assets
€1.38M▼ 4.6%
2024 · €1.45M
Net result
€-32k▲ 14.3%
2024 · €-37k
Working capital
€-961k▲ 3.6%
2024 · €-997k
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€-31k▲ 4.0%€-40k▼ 29.5%€-30k▲ 25.1%€-37k▼ 21.8%€-31k▲ 14.4%
Net result€-31k▲ 3.8%€-40k▼ 29.1%€-30k▲ 24.9%€-37k▼ 21.8%€-32k▲ 14.3%
Equity€543k▼ 5.5%€502k▼ 7.4%€472k▼ 6.0%€435k▼ 7.8%€404k▼ 7.3%
Total assets€1.69M▼ 4.0%€1.61M▼ 4.9%€1.54M▼ 4.3%€1.45M▼ 5.6%€1.38M▼ 4.6%
Debt€1.14M▼ 3.4%€1.10M▼ 3.7%€1.06M▼ 3.6%€1.01M▼ 4.6%€979k▼ 3.5%
Working capital€-1.12M▲ 3.1%€-1.09M▲ 2.8%€-1.03M▲ 5.3%€-997k▲ 3.7%€-961k▲ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €37k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.37M ▼ 4.7%
Current assets
€17k ▲ 3.0%
Equity and liabilities €1.38M
Equity
€404k ▼ 7.3%
Debt
€979k ▼ 3.5%
Debt's share of the balance-sheet total rises from 70.0% to 70.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€58k▲
2024 · €52k
Cash flow
€58k▲
2024 · €51k
Current ratio
0.02▲
2024 · 0.02
Debt to equity
2.43▲
2024 · 2.33
ROE
-7.9%▲
2024 · -8.5%
ROA
-2.3%▲
2024 · -2.5%
Interest coverage
224.48▲
2024 · 205.63
Debt ≤ 1 year
€978k▼
2024 · €1.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85k | €88k | €88k | €88k | €90k | ▲ 1.6% |
| Other operating charges640/8 | €6k | €7k | €7k | €5k | €7k | ▲ 33.9% |
| Gross operating margin9900 | €60k | €54k | €65k | €57k | €66k | ▲ 15.0% |
| Operating profit (loss)9901 | €-31k | €-40k | €-30k | €-37k | €-31k | ▲ 14.4% |
| Financial income75/76B | - | - | €3 | €2 | - | - |
| Recurring financial income75 | - | - | €3 | €2 | - | - |
| Financial charges65/66B | €253 | €208 | €208 | €251 | €260 | ▲ 3.5% |
| Recurring financial charges65 | €253 | €208 | €208 | €251 | €260 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | €-31k | €-40k | €-30k | €-37k | €-32k | ▲ 14.3% |
| Profit (loss) for the period9904 | €-31k | €-40k | €-30k | €-37k | €-32k | ▲ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €-40k | €-30k | €-37k | €-32k | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.69M | €1.61M | €1.54M | €1.45M | €1.38M | ▼ 4.6% |
| Fixed assets21/28 | €1.67M | €1.60M | €1.51M | €1.43M | €1.37M | ▼ 4.7% |
| Tangible fixed assets22/27 | €1.67M | €1.60M | €1.51M | €1.43M | €1.37M | ▼ 4.7% |
| Land and buildings22 | €1.66M | €1.59M | €1.50M | €1.43M | €1.36M | ▼ 4.7% |
| Plant, machinery and equipment23 | €7k | €9k | €7k | €7k | €6k | ▼ 15.8% |
| Assets under construction and advance payments27 | €5k | - | - | - | - | - |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €20k | €9k | €28k | €17k | €17k | ▲ 3.0% |
| Cash at bank and in hand54/58 | €20k | €8k | €25k | €15k | €11k | ▼ 26.7% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €2k | €7k | ▲ 215% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.69M | €1.61M | €1.54M | €1.45M | €1.38M | ▼ 4.6% |
| Equity10/15 | €543k | €502k | €472k | €435k | €404k | ▼ 7.3% |
| Contributions10/11 | €1.95M | €1.95M | €1.95M | €1.95M | €1.95M | = |
| Reserves13 | €3k | €3k | - | - | - | - |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Profit (loss) carried forward14 | €-1.41M | €-1.45M | €-1.48M | €-1.51M | €-1.54M | ▼ 2.1% |
| Amounts payable17/49 | €1.14M | €1.10M | €1.06M | €1.01M | €979k | ▼ 3.5% |
| Amounts payable within one year42/48 | €1.14M | €1.10M | €1.06M | €1.01M | €978k | ▼ 3.5% |
| Trade debts44 | €9k | €391 | €465 | €241 | €1k | ▲ 451% |
| Suppliers440/4 | €9k | €391 | €465 | €241 | €1k | ▲ 451% |
| Other amounts payable47/48 | €1.14M | €1.10M | €1.06M | €1.01M | €977k | ▼ 3.6% |
| Accrued charges and deferred income492/3 | €602 | €657 | €685 | €735 | €735 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €-40k | €-30k | €-37k | €-32k | ▲ 14.3% |
| + Depreciation and write-downs630 | €85k | €88k | €88k | €88k | €90k | ▲ 1.6% |
| Operating cash flow (approximation) | €54k | €47k | €58k | €51k | €58k | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | €-16k | €0 | €-13k | €-22k | ▼ 63.0% |
| Change in cash | - | €-13k | €18k | €-10k | €-4k | ▲ 61.8% |
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
Next filing, fiscal year 2026, expected by
2026
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 1989
Ground area
284 m²
Building footprint
114 m²
Parcel 34353B0008/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
Minister Liebaertlaan(KOR) 59, 8500 Kortrijk
since 19892.043.910.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0008/00X000 | Flanders | 284 m² | 1 · 113 m² | - |
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.
Similar companies · same sector, comparable size
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FREAN
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,425 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
Founded19-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.