DEFASCO
ActiveSummary
DEFASCO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €842,379 and a net result of €121,718. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 8965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 13.38 against 15.86 in 2023; short-term debt: 6.9% and cash: 27.7% of total assets), and 6.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.1%
Return on assets
13.5%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
85 d late
2022
24 d late
2021
60 d late
2020
23 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€842,379▲ 16.9%
2023 · €720,660
Total assets
€904,336▲ 18.1%
2023 · €765,999
Net result
€121,718▼ 1.3%
2023 · €123,317
Working capital
€766,824▲ 21.4%
2023 · €631,642
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
Line20202021202220232024
Operating result€154,394▼ 14.8%€163,182▲ 5.7%€147,005▼ 9.9%€186,624▲ 27.0%€143,636▼ 23.0%
Net result€113,365▼ 6.9%€108,135▼ 4.6%€142,784▲ 32.0%€123,317▼ 13.6%€121,718▼ 1.3%
Equity€660,341▲ 20.7%€768,476▲ 16.4%€705,435▼ 8.2%€720,660▲ 2.2%€842,379▲ 16.9%
Total assets€685,081▲ 12.2%€786,036▲ 14.7%€751,083▼ 4.4%€765,999▲ 2.0%€904,336▲ 18.1%
Debt€24,740▼ 61.2%€17,560▼ 29.0%€45,648▲ 160%€45,339▼ 0.7%€61,958▲ 36.7%
Working capital€610,931▲ 13.9%€723,652▲ 18.5%€671,910▼ 7.2%€631,642▼ 6.0%€766,824▲ 21.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €904,336
Fixed assets
€75,554 ▼ 17.7%
Current assets
€828,782 ▲ 22.9%
Equity and liabilities €904,336
Equity
€842,379 ▲ 16.9%
Debt
€61,958 ▲ 36.7%
Debt's share of the balance-sheet total rises from 5.9% to 6.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€169,321▼
2023 · €199,818
Cash flow
€147,404▲
2023 · €136,511
Current ratio
13.38▼
2023 · 15.86
Debt to equity
0.07▲
2023 · 0.06
ROE
14.4%▼
2023 · 17.1%
ROA
13.5%▼
2023 · 16.1%
Interest coverage
40.27▲
2023 · 18.66
Debt ≤ 1 year
€61,958▲
2023 · €42,501
Income taxes
€49,961▼
2023 · €52,598
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,050 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,624 | €11,601 | €12,138 | €13,194 | €25,685 | ▲ 94.7% |
| Other operating charges640/8 | - | €832 | €850 | €1,067 | €571 | ▼ 46.5% |
| Gross operating margin9900 | €163,848 | €175,615 | €159,993 | €200,885 | €169,892 | ▼ 15.4% |
| Operating profit (loss)9901 | €154,394 | €163,182 | €147,005 | €186,624 | €143,636 | ▼ 23.0% |
| Financial income75/76B | - | €4,242 | €73,650 | €1 | €32,249 | ▲ 4,030,990% |
| Recurring financial income75 | €10,542 | €4,242 | €73,650 | €1 | €32,249 | ▲ 4,030,990% |
| Financial charges65/66B | - | €6,832 | €9,173 | €10,709 | €4,205 | ▼ 60.7% |
| Recurring financial charges65 | €1,424 | €6,832 | €9,173 | €10,709 | €4,205 | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €163,513 | €160,592 | €211,482 | €175,916 | €171,679 | ▼ 2.4% |
| Income taxes67/77 | €50,148 | €52,457 | €68,698 | €52,598 | €49,961 | ▼ 5.0% |
| Profit (loss) for the period9904 | €113,365 | €108,135 | €142,784 | €123,317 | €121,718 | ▼ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €113,365 | €108,135 | €142,784 | €123,317 | €121,718 | ▼ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €685,081 | €786,036 | €751,083 | €765,999 | €904,336 | ▲ 18.1% |
| Fixed assets21/28 | €49,409 | €44,824 | €33,524 | €91,856 | €75,554 | ▼ 17.7% |
| Tangible fixed assets22/27 | €49,409 | €44,824 | €33,524 | €91,856 | €75,554 | ▼ 17.7% |
| Plant, machinery and equipment23 | - | €11,374 | €11,095 | €9,957 | €12,806 | ▲ 28.6% |
| Furniture and vehicles24 | - | €33,450 | €22,430 | €81,899 | €62,749 | ▼ 23.4% |
| Current assets29/58 | €635,672 | €741,212 | €717,558 | €674,143 | €828,782 | ▲ 22.9% |
| Amounts receivable within one year40/41 | €960 | €16 | €2,505 | €19,421 | €38,181 | ▲ 96.6% |
| Trade receivables40 | - | - | €2,057 | €12,020 | €30,740 | ▲ 156% |
| Other amounts receivable41 | - | €16 | €448 | €7,402 | €7,441 | ▲ 0.5% |
| Current investments50/53 | €87,069 | - | - | - | €537,984 | - |
| Cash at bank and in hand54/58 | €547,642 | €741,197 | €715,054 | €652,658 | €250,711 | ▼ 61.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,064 | €1,907 | ▼ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €685,081 | €786,036 | €751,083 | €765,999 | €904,336 | ▲ 18.1% |
| Equity10/15 | €660,341 | €768,476 | €705,435 | €720,660 | €842,379 | ▲ 16.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €647,941 | €756,076 | €693,035 | €708,260 | €829,979 | ▲ 17.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €754,216 | €691,175 | €708,260 | €829,979 | ▲ 17.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €24,740 | €17,560 | €45,648 | €45,339 | €61,958 | ▲ 36.7% |
| Amounts payable within one year42/48 | €24,740 | €17,560 | €45,648 | €42,501 | €61,958 | ▲ 45.8% |
| Trade debts44 | €520 | €242 | €2,135 | €0 | €4,615 | - |
| Suppliers440/4 | - | €242 | €2,135 | €0 | €4,615 | - |
| Taxes, remuneration and social security45 | - | €926 | €17,521 | €367 | €1,616 | ▲ 341% |
| Taxes450/3 | - | €926 | €17,521 | €367 | €1,616 | ▲ 341% |
| Other amounts payable47/48 | - | €16,392 | €25,992 | €42,134 | €55,727 | ▲ 32.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,838 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,365 | €108,135 | €142,784 | €123,317 | €121,718 | ▼ 1.3% |
| + Depreciation and write-downs630 | €8,624 | €11,601 | €12,138 | €13,194 | €25,685 | ▲ 94.7% |
| Operating cash flow (approximation) | €121,989 | €119,736 | €154,922 | €136,511 | €147,404 | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | -€7,016 | -€838 | -€71,526 | -€9,383 | ▲ 86.9% |
| Change in cash | - | €193,554 | -€26,143 | -€62,396 | -€401,947 | ▼ 544% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €142,784 ▲32%
Net result €142,784, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 25.69
Current ratio from 9.42 to 25.69; short-term debt falls from €63,733 to €24,740.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Equity above €500,000Eq €546,976 ▲28.6%
2 profitable years in a row build equity to €546,976.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lievegem · 1 establishment unit since 2014
Ground area
1,226 m²
Building footprint
174 m²
Parcel 44080D0004/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEFASCO
since 20142.232.696.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080D0004/00R000 | Flanders | 1,226 m² | 1 · 174 m² | 0.0 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
8755002XK2M6VC621F89
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 3,336 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
Founded11-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
64210Activities of holding companies
82990Other business support services
Contact
Phone
0496270058Lievegem
Scores and ratios are computed by Checked and are not a credit decision.