DEBRAVER PROJECTS
ActiveDEBRAVER PROJECTS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-653. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 18% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-14
Solvency41▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.26 in 2024; short-term debt: 62.7% and cash: 6% of total assets), and 84.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.7%
Return on assets
-0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
89 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 2.1%
2024 · €31k
2018: €32k
2019: €32k
2020: €23k
2021: €19k
2022: €-7k
2023: €22k
2024: €31k
2018 → 2025
Total assets
€193k▼ 7.7%
2024 · €209k
2018: €190k
2019: €187k
2020: €154k
2021: €174k
2022: €187k
2023: €214k
2024: €209k
2018 → 2025
Net result
€-653
2024 · €9k
2018: €6k
2019: €635
2020: €-10k
2021: €-4k
2022: €-26k
2023: €29k
2024: €9k
2018 → 2025
Working capital
€22k▼ 30.7%
2024 · €32k
2018: €33k
2019: €29k
2020: €19k
2021: €14k
2022: €10k
2023: €32k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€-7k€22k€31k▲ 38.9%€30k▼ 2.1%
Operating result€-2k-€-23k▼ 1,339%€39k€18k▼ 53.6%€3k▼ 83.1%
Net result€-4k-€-26k▼ 589%€29k€9k▼ 70.1%€-653
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€50k▼ 7.4%
Current assets
€143k▼ 7.9%
Equity and liabilities €193k
Equity
€30k▼ 2.1%
Debt
€163k▼ 8.7%
The debt ratio falls from 85.2% to 84.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €22k
Cash flow
€3k▼
2024 · €13k
Solvency
15.7%▲
2024 · 14.8%
Current ratio
1.18▼
2024 · 1.26
Quick ratio
1.12▼
2024 · 1.26
Debt / equity
5.39▼
2024 · 5.78
ROE
-2.2%▼
2024 · 28.0%
ROA
-0.3%▼
2024 · 4.1%
Interest coverage
1.74▼
2024 · 2.79
Debt
€163k▼
2024 · €178k
Debt ≤ 1 year
€121k▼
2024 · €124k
Debt > 1 year
€42k▼
2024 · €55k
Income taxes
€217▼
2024 · €2k
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€209k€193k▼
Fixed assets21/28€54k€50k▼
Tangible fixed assets22/27€54k€50k▼
Land and buildings22€54k€50k▼
Furniture and vehicles24€158€19▼
Current assets29/58€155k€143k▼
Stocks and contracts in progress3€0€7k▲
Contracts in progress37€0€7k▲
Amounts receivable within one year40/41€143k€124k▼
Trade receivables40€132k€113k▼
Other amounts receivable41€11k€11k▼
Cash at bank and in hand54/58€13k€12k▼
Equity and liabilities
Total equity and liabilities10/49€209k€193k▼
Equity10/15€31k€30k▼
Contributions10/11€6k€6k=
Reserves13€25k€24k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€22k▼
Amounts payable17/49€178k€163k▼
Amounts payable after more than one year17€55k€42k▼
Financial debts170/4€55k€42k▼
Amounts payable within one year42/48€124k€121k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€102k€101k▼
Suppliers440/4€102k€101k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€800€200▼
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€25k€8k▼
Operating profit (loss)9901€18k€3k▼
Financial income75/76B€787€557▼
Recurring financial income75€787€557▼
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Profit (loss) for the period before taxes9903€11k€-436▼
Income taxes67/77€2k€217▼
Profit (loss) for the period9904€9k€-653▼
Profit (loss) for the period to be appropriated9905€9k€-653▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-653▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€653
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (15 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Menen · 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.
Larstraat 1578930 MenenGround area
588 m²
Building footprint
171 m²
Volume, LiDAR
1,042 m³
Parcel 34024C0290/00G005, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEBRAVER PROJECTS
since 20092.180.823.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0290/00G005 | Flanders | 588 m² | 1 · 171 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IsolWood
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Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-08-2009
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.