DEBRO
ActiveSummary
DEBRO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€12,657. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+28
Solvency94▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 1.32 in 2024; short-term debt: 6.3% and cash: 10.4% of total assets), and 30.8% of the assets are financed with debt.
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Signals
Six 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
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
69.2%
Return on assets
-0.8%
Age of the figures
9 mo
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 -€12,657
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
31 d late
2023
61 d late
2022
31 d late
2021
30 d late
2020
20 d late
2019
11 d early
← 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 28 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 oldest company in Grimbergen, Real estate sector
Equity
€1.1m▼ 1.1%
2024 · €1.1m
Total assets
€1.6m▼ 7.9%
2024 · €1.7m
Net result
-€12,657▲ 77.6%
2024 · -€56,498
Working capital
€131,502▲ 75.0%
2024 · €75,146
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€224,233€1.2m▲ 451%€513,228▼ 58.5%-€55,810-€13,363▲ 76.1%
Net result€150,873€919,746▲ 510%€388,705▼ 57.7%-€56,498-€12,657▲ 77.6%
Equity€269,714▲ 127%€789,459▲ 193%€1.2m▲ 49.2%€1.1m▼ 4.8%€1.1m▼ 1.1%
Total assets€645,904▲ 0.9%€987,246▲ 52.8%€1.9m▲ 87.5%€1.7m▼ 6.0%€1.6m▼ 7.9%
Debt€308,746▼ 36.5%€130,343▼ 57.8%€467,799▲ 259%€420,494▼ 10.1%€301,231▼ 28.4%
Working capital-€80,147▲ 66.6%€549,005€80,143▼ 85.4%€75,146▼ 6.2%€131,502▲ 75.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -58%, Total assets +88% on 2022. Cause not known from the registers.
- 2022 Net result +510%, Equity +193%, Total assets +53% on 2021. Cause not known from the registers.
- 2021 Equity +127% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,363 in 2025 against €55,810 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▼ 4.2%
Current assets
€233,264 ▼ 25.1%
Equity and liabilities €1.6m
Equity
€1.1m ▼ 1.1%
Provisions
€192,504 ▼ 3.2%
Debt
€301,231 ▼ 28.4%
Debt's share of the balance-sheet total falls from 24.2% to 18.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€49,474▲
2024 · €26,755
Cash flow
€50,180▲
2024 · €26,067
Current ratio
2.29▲
2024 · 1.32
Debt to equity
0.27▼
2024 · 0.37
ROE
-1.1%▲
2024 · -5.0%
ROA
-0.8%▲
2024 · -3.2%
Interest coverage
5.63▲
2024 · 2.62
Debt ≤ 1 year
€101,761▼
2024 · €236,108
Debt > 1 year
€170,606▲
2024 · €157,412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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%.
| 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 8,594 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,027 | €51,451 | €60,203 | €82,565 | €62,837 | ▼ 23.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€34,856 | - | - | - | - | - |
| Other operating charges640/8 | €27,417 | €13,195 | €10,807 | €11,608 | €12,961 | ▲ 11.7% |
| Gross operating margin9900 | €266,821 | €1.3m | €584,238 | €38,363 | €62,435 | ▲ 62.7% |
| Operating profit (loss)9901 | €224,233 | €1.2m | €513,228 | -€55,810 | -€13,363 | ▲ 76.1% |
| Financial income75/76B | €0 | €0 | €1 | €3,118 | €3,085 | ▼ 1.1% |
| Recurring financial income75 | €0 | €0 | €1 | €3,118 | €3,085 | ▼ 1.1% |
| Financial charges65/66B | €5,916 | €8,483 | €4,495 | €10,223 | €8,795 | ▼ 14.0% |
| Recurring financial charges65 | €5,916 | €8,483 | €4,495 | €10,223 | €8,795 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €218,317 | €1.2m | €508,734 | -€62,915 | -€19,074 | ▲ 69.7% |
| Transfer from deferred taxes780 | - | - | €6,417 | €6,417 | €6,417 | = |
| Transfer to deferred taxes680 | €67,444 | - | €144,310 | - | - | - |
| Income taxes67/77 | - | €307,480 | -€17,865 | €0 | - | - |
| Profit (loss) for the period9904 | €150,873 | €919,746 | €388,705 | -€56,498 | -€12,657 | ▲ 77.6% |
| Transfer from tax-exempt reserves789 | - | - | €19,250 | €19,250 | €19,250 | = |
| Transfer to tax-exempt reserves689 | €202,333 | - | €432,931 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€51,460 | €919,746 | -€24,975 | -€37,248 | €6,593 | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €645,904 | €987,246 | €1.9m | €1.7m | €1.6m | ▼ 7.9% |
| Fixed assets21/28 | €453,225 | €335,421 | €1.5m | €1.4m | €1.4m | ▼ 4.2% |
| Tangible fixed assets22/27 | €453,225 | €335,421 | €1.5m | €1.4m | €1.4m | ▼ 4.2% |
| Land and buildings22 | €449,221 | €331,902 | €1.5m | €1.4m | €1.4m | ▼ 4.2% |
| Plant, machinery and equipment23 | €4,005 | €3,192 | €2,090 | €1,566 | €753 | ▼ 51.9% |
| Furniture and vehicles24 | - | €327 | - | €3,382 | €3,163 | ▼ 6.5% |
| Current assets29/58 | €192,678 | €651,825 | €342,769 | €311,255 | €233,264 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €17,028 | €20,974 | - | €44,005 | €48,555 | ▲ 10.3% |
| Other amounts receivable41 | €17,028 | €20,974 | - | €44,005 | €48,555 | ▲ 10.3% |
| Cash at bank and in hand54/58 | €174,848 | €627,618 | €149,629 | €251,832 | €166,040 | ▼ 34.1% |
| Deferred charges and accrued income490/1 | €803 | €3,232 | €193,140 | €15,418 | €18,668 | ▲ 21.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €645,904 | €987,246 | €1.9m | €1.7m | €1.6m | ▼ 7.9% |
| Equity10/15 | €269,714 | €789,459 | €1.2m | €1.1m | €1.1m | ▼ 1.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €218,521 | €218,521 | €632,201 | €612,951 | €593,700 | ▼ 3.1% |
| Non-distributable reserves130/1 | €16,188 | €16,188 | €16,188 | €16,188 | €16,188 | = |
| Legal reserve130 | €16,188 | €16,188 | €16,188 | €16,188 | €16,188 | = |
| Tax-exempt reserves132 | €202,333 | €202,333 | €616,014 | €596,763 | €577,513 | ▼ 3.2% |
| Profit (loss) carried forward14 | -€10,807 | €508,939 | €483,964 | €446,716 | €453,310 | ▲ 1.5% |
| Provisions and deferred taxes16 | €67,444 | €67,444 | €205,338 | €198,921 | €192,504 | ▼ 3.2% |
| Deferred taxes168 | €67,444 | €67,444 | €205,338 | €198,921 | €192,504 | ▼ 3.2% |
| Amounts payable17/49 | €308,746 | €130,343 | €467,799 | €420,494 | €301,231 | ▼ 28.4% |
| Amounts payable after more than one year17 | €13,711 | €745 | €177,412 | €157,412 | €170,606 | ▲ 8.4% |
| Financial debts170/4 | €9,516 | - | €176,667 | €156,667 | €136,667 | ▼ 12.8% |
| Other amounts payable178/9 | €4,195 | €745 | €745 | €745 | €33,940 | ▲ 4,456% |
| Amounts payable within one year42/48 | €272,825 | €102,820 | €262,626 | €236,108 | €101,761 | ▼ 56.9% |
| Current portion of amounts payable after more than one year42 | €76,623 | €9,516 | €20,000 | €20,000 | €20,000 | = |
| Trade debts44 | €12,981 | €1,988 | €25,471 | €28,051 | €36,174 | ▲ 29.0% |
| Suppliers440/4 | €12,981 | €1,988 | €25,471 | €28,051 | €36,174 | ▲ 29.0% |
| Taxes, remuneration and social security45 | - | €57,480 | €39,614 | - | - | - |
| Taxes450/3 | - | €57,480 | €39,614 | - | - | - |
| Other amounts payable47/48 | €183,221 | €33,837 | €177,541 | €188,057 | €45,587 | ▼ 75.8% |
| Accrued charges and deferred income492/3 | €22,210 | €26,777 | €27,761 | €26,975 | €28,863 | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €150,873 | €919,746 | €388,705 | -€56,498 | -€12,657 | ▲ 77.6% |
| + Depreciation and write-downs630 | €50,027 | €51,451 | €60,203 | €82,565 | €62,837 | ▼ 23.9% |
| Operating cash flow (approximation) | €200,900 | €971,196 | €448,909 | €26,067 | €50,180 | ▲ 92.5% |
| Investment in fixed assets (approximation) | - | €66,353 | -€1.2m | -€3,860 | -€2,491 | ▲ 35.5% |
| Change in cash | - | €452,771 | -€477,989 | €102,202 | -€85,791 | ▼ 184% |
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
08-09
State Gazette act
Appointment: Francine Debrouwer (director)Reappointments: Louis Rolies (director) and Francine Debrouwer (managing director) · Resignations: Pieter Rolies (director) and Stijn Rolies (director)6 facts ▸
State Gazette act
Appointment: Francine Debrouwer (director)
Reappointments: Louis Rolies (director) and Francine Debrouwer (managing director) · Resignations: Pieter Rolies (director) and Stijn Rolies (director)6 facts ▸
- General meeting, 15-12-2025
- Director appointment, Francine Debrouwer (director)
- Director reappointment, Louis Rolies (director)
- Director reappointment, Francine Debrouwer (managing director)
- Director resignation, Pieter Rolies (director)
- Director resignation, Stijn Rolies (director)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€56,498
Net result drops to -€56,498, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €1mEq €1.2m ▲49.2%
3 profitable years in a row build equity to €1.2m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €919,746 ▲510%
Operating result €1.2m, net result €919,746, both a record.
31-12
Financial
Liquidity times 9current ratio 6.34
Current ratio from 0.71 to 6.34; short-term debt falls from €272,825 to €102,820.
31-12
Financial
Equity above €500,000Eq €789,459 ▲193%
2 profitable years in a row build equity to €789,459.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €150,873
Net result €150,873 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200,000Eq €269,714 ▲127%
Equity rises from €118,841 to €269,714.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €155,038 ▲16.5%
2 profitable years in a row build equity to €155,038.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2025
Day-to-day management 1
Francine Debrouwer
CurrentManaging director
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 1985
Ground area
2,524 m²
Building footprint
252 m²
Volume, LiDAR
2,268 m³
Parcel 23402E0452/00R004, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lagesteenweg 75, 1850 Grimbergen
since 19852.026.870.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0452/00R004 | Flanders | 2,523 m² | 1 · 252 m² | 15.1 m · 3 fl. |
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.
Mandate history
4 people since 2025, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Francine Debrouwer |
|
| Louis Rolies |
|
| Pieter Rolies |
|
| Stijn Rolies |
|
Structure & network
Owners and holdings
1 ownerChain of control
- LOFRA
- DEBRO
Highest known parent: LOFRA. The sources do not say who stands above it.
Owners 1
- LOFRAparent98%
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
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,055 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
Founded03-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427037847
Also
9925:BE0427037847
Registered
13-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.