DEF BELGIUM
ActiveSummary
DEF BELGIUM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.66M and a net result of €63k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 50% of 100 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-4
Solvency65▲+3
Growth46▲+1
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.6 in 2024; short-term debt: 58% and cash: 0.1% of total assets), but 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
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
39.8%
Return on assets
1.5%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
16 d early
2023
27 d early
2022
46 d early
2021
4 d late
2020
39 d early
2019
37 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.64M▲ 4.0%
2024 · €9.27M
2018: €9.94M
2019: €12.33M
2020: €10.93M
2021: €11.23M
2022: €9.45M
2023: €9.31M
2024: €9.27M
2018 → 2025
EBIT margin
1.2%▼ 1.6pp
2024 · 2.8%
2018: 7.8%
2019: 5.2%
2020: 7.0%
2021: 5.6%
2022: 5.3%
2023: 1.7%
2024: 2.8%
2018 → 2025
Net result
€63k▼ 58.0%
2024 · €150k
2018: €588k
2019: €467k
2020: €304k
2021: €435k
2022: €303k
2023: €138k
2024: €150k
2018 → 2025
Working capital
€1.62M▲ 0.2%
2024 · €1.62M
2018: €970k
2019: €1.55M
2020: €2.53M
2021: €1.93M
2022: €1.76M
2023: €1.56M
2024: €1.62M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.23M-€9.45M▼ 15.8%€9.31M▼ 1.5%€9.27M▼ 0.4%€9.64M▲ 4.0%
Equity€1.66M-€1.66M▲ 0.1%€1.66M▲ 0.1%€1.66M▲ 0.1%€1.66M=
Operating result€625k-€505k▼ 19.2%€160k▼ 68.3%€261k▲ 63.1%€114k▼ 56.4%
Net result€435k-€303k▼ 30.2%€138k▼ 54.6%€150k▲ 9.1%€63k▼ 58.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.18M
Fixed assets
€132k ▼ 21.0%
Current assets
€4.05M ▼ 6.6%
Equity and liabilities €4.18M
Equity
€1.66M =
Provisions
€94k ▼ 24.9%
Debt
€2.42M ▼ 10.7%
Debt's share of the balance-sheet total falls from 60.3% to 58.0%. Debt is lower.
Key figures and ratios
EBITDA
€177k▼
2024 · €329k
Cash flow
€126k▼
2024 · €218k
Current ratio
1.67▲
2024 · 1.60
Quick ratio
1.33▲
2024 · 1.30
Debt to equity
1.46▼
2024 · 1.63
ROE
3.8%▼
2024 · 9.0%
ROA
1.5%▼
2024 · 3.3%
Interest coverage
830.30▲
2024 · 169.02
Debt ≤ 1 year
€2.42M▼
2024 · €2.71M
Income taxes
€61k▼
2024 · €117k
Staff costs
€4.67M▲
2024 · €4.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.50M€4.18M▼
Fixed assets21/28€167k€132k▼
Intangible fixed assets21€995€0▼
Tangible fixed assets22/27€125k€90k▼
Plant, machinery and equipment23€39k€31k▼
Furniture and vehicles24€19k€18k▼
Other tangible fixed assets26€67k€41k▼
Financial fixed assets28€41k€42k▲
Other financial fixed assets284/8€41k€42k▲
Amounts receivable and cash guarantees285/8€41k€42k▲
Current assets29/58€4.33M€4.05M▼
Stocks and contracts in progress3€816k€818k▲
Stocks30/36€621k€702k▲
Goods purchased for resale34€621k€702k▲
Contracts in progress37€195k€116k▼
Amounts receivable within one year40/41€3.48M€3.21M▼
Trade receivables40€3.27M€3.03M▼
Other amounts receivable41€211k€180k▼
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€35k€19k▼
Equity and liabilities
Total equity and liabilities10/49€4.50M€4.18M▼
Equity10/15€1.66M€1.66M=
Contributions10/11€1.34M€1.34M=
Capital10€1.34M€1.34M=
Issued capital100€1.34M€1.34M=
Reserves13€324k€324k▲
Non-distributable reserves130/1€134k€134k=
Legal reserve130€134k€134k=
Distributable reserves133€190k€190k▲
Provisions and deferred taxes16€125k€94k▼
Provisions for liabilities and charges160/5€125k€94k▼
Pensions and similar obligations160€48k-
Other liabilities and charges164/5€77k€94k▲
Amounts payable17/49€2.71M€2.42M▼
Amounts payable within one year42/48€2.71M€2.42M▼
Trade debts44€1.09M€1.23M▲
Suppliers440/4€1.09M€1.23M▲
Advances received on contracts in progress46€590k€465k▼
Taxes, remuneration and social security45€573k€640k▲
Taxes450/3€7k€288▼
Remuneration and social security454/9€566k€640k▲
Other amounts payable47/48€456k€85k▼
Accrued charges and deferred income492/3€1k€125▼
Income statement
Code20242025
Operating income70/76A€9.54M€9.88M▲
Turnover70€9.27M€9.64M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-44k€-79k▼
Other operating income74€307k€323k▲
Operating charges60/66A€9.27M€9.77M▲
Goods for resale, raw materials and consumables60€2.72M€2.70M▼
Purchases600/8€2.61M€2.79M▲
Change in stocks: decrease (increase)609€109k€-92k▼
Services and other goods61€2.35M€2.29M▼
Remuneration, social security and pensions62€4.04M€4.67M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€63k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€76k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€47k€-31k▼
Other operating charges640/8€11k€3k▼
Non-recurring operating charges66A€838€984▲
Operating profit (loss)9901€261k€114k▼
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Other financial income752/9€8k€11k▲
Financial charges65/66B€2k€218▼
Recurring financial charges65€2k€218▼
Debt charges650€2k€213▼
Other financial charges652/9€0€6▲
Profit (loss) for the period before taxes9903€267k€124k▼
Income taxes67/77€117k€61k▼
Taxes670/3€117k€71k▼
Tax adjustments and reversals of tax provisions77-€10k
Profit (loss) for the period9904€150k€63k▼
Profit (loss) for the period to be appropriated9905€150k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€63k▼
Transfer to equity691/2€1k€429▼
To other reserves6921€1k€429▼
Profit to be distributed694/7€149k€63k▼
Return on contributions (dividend)694€149k€63k▼
Social balance
Average headcount (FTE)908755.159.6▲
The notes to these accounts (50 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €63k ▼58%
Net result drops to €63k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
28 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, Brussel · 1 establishment unit since 2021
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.
Louizalaan 1431050 BrusselGround area
1.4 ha
Building footprint
8,449 m²
Volume, LiDAR
64,921 m³
2 parcels, Brussels, Flanders · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEF Belgium SA
since 20212.313.556.995
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0119/00X000 | Flanders | 1.2 ha | 1 · 6,661 m² | 10.4 m · 2 fl. |
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesDEF BELGIUM SA34046
Legal Entity Identifier
549300AJLHDMVBVTA367
Similar companies · same sector, comparable size
Automatic Systems
BE 0406.762.669
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DVC
BE 0432.287.329
Oudergem · Eq €1.69M
INVERTO
BE 0430.018.420
Evergem · Eq €1.63M
INARTI
BE 0435.388.260
Willebroek · Eq €1.90M
IEM Power Systems
BE 0544.995.092
Herve · Eq €1.32M
Of 142 companies in sector 27900 we hold annual accounts for 103. 52 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.