DEDRA
ActiveSummary
DEDRA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,397 and a net result of -€19,405. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-4
Solvency66▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.17 in 2024; short-term debt: 31.2% and cash: 1.1% of total assets), and 58.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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 -€19,405
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
1 d early
2023
on the day
2022
53 d late
2021
32 d late
2020
20 d late
2019
59 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 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€19,405▼ 1,157%
2024 · -€1,544
Working capital
-€130,202▼ 57.7%
2024 · -€82,542
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,142▲ 45.1%-€31,600▼ 123%-€7,394▲ 76.6%-€1,530▲ 79.3%-€8,151▼ 433%
Net result-€5,099within the sector's middle half▲ 64.8%-€22,648below the sector's middle half▼ 344%-€4,884within the sector's middle half▲ 78.4%-€1,544within the sector's middle half▲ 68.4%-€19,405below the sector's middle half▼ 1,157%
Equity€232,379within the sector's middle half▼ 2.1%€209,732within the sector's middle half▼ 9.7%€204,847within the sector's middle half▼ 2.3%€203,303within the sector's middle half▼ 0.8%€196,397within the sector's middle half▼ 3.4%
Total assets€551,722within the sector's middle half▼ 4.3%€509,350within the sector's middle half▼ 7.7%€489,186within the sector's middle half▼ 4.0%€461,347within the sector's middle half▼ 5.7%€476,893below the sector's middle half▲ 3.4%
Debt€221,837▼ 3.1%€214,612▼ 3.3%€211,832▼ 1.3%€198,036▼ 6.5%€232,987▲ 17.6%
Working capital-€35,544within the sector's middle half▲ 32.8%-€56,845within the sector's middle half▼ 59.9%-€73,936below the sector's middle half▼ 30.1%-€82,542below the sector's middle half▼ 11.6%-€130,202within the sector's middle half▼ 57.7%
Solvency42.1%within the sector's middle half▲ 0.9pp41.2%within the sector's middle half▼ 0.9pp41.9%within the sector's middle half▲ 0.7pp44.1%within the sector's middle half▲ 2.2pp41.2%within the sector's middle half▼ 2.9pp
Current ratio0.47within the sector's middle half▲ 0.180.35below the sector's middle half▼ 0.120.25below the sector's middle half▼ 0.100.17below the sector's middle half▼ 0.080.12below the sector's middle half▼ 0.05
Return on assets (ROA)-0.9%within the sector's middle half▲ 1.6pp-4.4%below the sector's middle half▼ 3.5pp-1.0%within the sector's middle half▲ 3.4pp-0.3%within the sector's middle half▲ 0.7pp-4.1%below the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,151 in 2025 against €1,530 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,860
Fixed assets
€457,501 ▲ 3.3%
Current assets
€18,360 ▲ 5.6%
Equity and liabilities €476,893
Equity
€196,397 ▼ 3.4%
Provisions
€47,509 ▼ 20.8%
Debt
€232,987 ▲ 17.6%
Debt's share of the balance-sheet total rises from 42.9% to 48.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,026▼
2024 · €20,226
Cash flow
€6,772▼
2024 · €20,211
Quick ratio
0.08▼
2024 · 0.17
Debt to equity
1.19▲
2024 · 0.97
ROE
-9.9%▼
2024 · -0.8%
Interest coverage
8.20▲
2024 · 7.68
Debt ≤ 1 year
€148,562▲
2024 · €99,930
Debt > 1 year
€84,426▼
2024 · €98,106
Income taxes
€9,054▼
2024 · €9,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 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 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 | €49,018 | €41,721 | €25,909 | €21,756 | €26,177 | ▲ 20.3% |
| Other operating charges640/8 | €165 | €4,145 | €5,211 | €5,534 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €7,475 | - |
| Gross operating margin9900 | €35,041 | €14,267 | €23,725 | €25,759 | €25,501 | ▼ 1.0% |
| Operating profit (loss)9901 | -€14,142 | -€31,600 | -€7,394 | -€1,530 | -€8,151 | ▼ 433% |
| Financial income75/76B | €5,000 | €111 | - | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €5,000 | €111 | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €3,297 | €3,052 | €3,008 | €2,633 | €2,199 | ▼ 16.5% |
| Recurring financial charges65 | €3,297 | €3,052 | €3,008 | €2,633 | €2,199 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | -€12,438 | -€34,541 | -€10,402 | -€4,162 | -€10,351 | ▼ 149% |
| Transfer from deferred taxes780 | €12,499 | €12,499 | €12,499 | €12,499 | - | - |
| Income taxes67/77 | €5,160 | €606 | €6,982 | €9,881 | €9,054 | ▼ 8.4% |
| Profit (loss) for the period9904 | -€5,099 | -€22,648 | -€4,884 | -€1,544 | -€19,405 | ▼ 1,157% |
| Transfer from tax-exempt reserves789 | €24,274 | €24,274 | €24,274 | €24,274 | €36,773 | ▲ 51.5% |
| Profit (loss) for the period to be appropriated9905 | €19,174 | €1,626 | €19,389 | €22,729 | €17,367 | ▼ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €551,722 | €509,350 | €489,186 | €461,347 | €476,893 | ▲ 3.4% |
| Formation expenses20 | - | - | €1,033 | €1,033 | €1,033 | = |
| Fixed assets21/28 | €520,384 | €478,663 | €462,991 | €442,926 | €457,501 | ▲ 3.3% |
| Tangible fixed assets22/27 | €520,113 | €478,392 | €462,719 | €442,275 | €456,706 | ▲ 3.3% |
| Land and buildings22 | €467,422 | €451,903 | €438,158 | €424,413 | €410,667 | ▼ 3.2% |
| Plant, machinery and equipment23 | €863 | €652 | €440 | €229 | €18 | ▼ 92.3% |
| Furniture and vehicles24 | €8,749 | €4,188 | €685 | €356 | €33,053 | ▲ 9,176% |
| Other tangible fixed assets26 | €43,078 | €21,648 | €23,436 | €17,277 | €12,968 | ▼ 24.9% |
| Financial fixed assets28 | €271 | €271 | €271 | €651 | €794 | ▲ 22.1% |
| Current assets29/58 | €31,338 | €30,687 | €25,163 | €17,388 | €18,360 | ▲ 5.6% |
| Stocks and contracts in progress3 | - | - | - | - | €6,892 | - |
| Stocks30/36 | - | - | - | - | €6,892 | - |
| Amounts receivable within one year40/41 | €28,083 | €25,860 | €21,771 | €14,373 | €6,108 | ▼ 57.5% |
| Trade receivables40 | €27,547 | €25,083 | €21,771 | €14,373 | €1,065 | ▼ 92.6% |
| Other amounts receivable41 | €536 | €777 | - | - | €5,043 | - |
| Cash at bank and in hand54/58 | €3,256 | €4,827 | €3,392 | €3,015 | €5,360 | ▲ 77.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €551,722 | €509,350 | €489,186 | €461,347 | €476,893 | ▲ 3.4% |
| Equity10/15 | €232,379 | €209,732 | €204,847 | €203,303 | €196,397 | ▼ 3.4% |
| 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 | €196,990 | €172,716 | €148,443 | €141,301 | €134,395 | ▼ 4.9% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,100 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,100 | = |
| Tax-exempt reserves132 | €191,724 | €167,451 | €143,177 | €118,904 | €94,629 | ▼ 20.4% |
| Distributable reserves133 | €2,167 | €2,167 | €2,167 | €19,299 | €36,666 | ▲ 90.0% |
| Profit (loss) carried forward14 | -€26,611 | -€24,985 | -€5,596 | €1 | €1 | = |
| Provisions and deferred taxes16 | €97,505 | €85,006 | €72,507 | €60,008 | €47,509 | ▼ 20.8% |
| Deferred taxes168 | €97,505 | €85,006 | €72,507 | €60,008 | €47,509 | ▼ 20.8% |
| Amounts payable17/49 | €221,837 | €214,612 | €211,832 | €198,036 | €232,987 | ▲ 17.6% |
| Amounts payable after more than one year17 | €154,956 | €127,080 | €112,733 | €98,106 | €84,426 | ▼ 13.9% |
| Financial debts170/4 | €154,956 | €127,080 | €112,733 | €98,106 | €84,426 | ▼ 13.9% |
| Amounts payable within one year42/48 | €66,882 | €87,532 | €99,099 | €99,930 | €148,562 | ▲ 48.7% |
| Current portion of amounts payable after more than one year42 | - | €14,073 | €14,347 | €14,627 | €13,680 | ▼ 6.5% |
| Trade debts44 | €5 | - | €1,151 | - | €14,708 | - |
| Suppliers440/4 | €5 | - | €1,151 | - | €14,708 | - |
| Taxes, remuneration and social security45 | €5,159 | €2,072 | €7,749 | €1,182 | €0 | ▼ 100% |
| Taxes450/3 | €5,159 | €2,072 | €7,749 | €1,182 | €0 | ▼ 100% |
| Other amounts payable47/48 | €61,718 | €71,387 | €75,852 | €84,121 | €120,173 | ▲ 42.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,099 | -€22,648 | -€4,884 | -€1,544 | -€19,405 | ▼ 1,157% |
| + Depreciation and write-downs630 | €49,018 | €41,721 | €25,909 | €21,756 | €26,177 | ▲ 20.3% |
| Operating cash flow (approximation) | €43,919 | €19,073 | €21,024 | €20,211 | €6,772 | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | €0 | -€10,237 | -€1,691 | -€40,752 | ▼ 2,310% |
| Change in cash | - | €1,571 | -€1,435 | -€377 | €2,345 | ▲ 723% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
31-12
Financial
Weakest financial yearnet -€22,648
Net result drops to -€22,648, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Ukkel · 1 establishment unit since 1994
Ground area
1.2 ha
Building footprint
693 m²
Volume, LiDAR
23,644 m³
Parcel 21618B0265/00Y000, Brussels · tallest building 37.0 m, ±11 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
DEDRA
since 19942.065.996.664
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0265/00Y000 | Brussels | 1.2 ha | 1 · 693 m² | 37.0 m · 11 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.
Similar companies · same sector, comparable size
Emax Invest
BE 1001.816.097
Dilbeek · Eq €196,384
PROPICO
BE 0446.799.123
Ninove · Eq €196,464
VERVAECK C & R
BE 0430.504.608
Zulte · Eq €196,514
INELL
BE 0473.674.754
Heusden-Zolder · Eq €196,121
PENTA REAL ESTATE
BE 0784.757.516
Braine-le-Château · Eq €196,737
Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,767 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
Founded28-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452078693
Also
9925:BE0452078693
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.