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 €842k and a net result of €122k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 8966 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 €70k 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.
Credit check for your own amount and term
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€842k▲ 16.9%
2023 · €721k
2018: €425klowest in 7 years
2019: €547k▲ +28.6% vs 2018
2020: €660k▲ +20.7% vs 2019
2021: €768k▲ +16.4% vs 2020
2022: €705k▼ -8.2% vs 2021
2023: €721k▲ +2.2% vs 2022
2024: €842k▲ +16.9% vs 2023highest in 7 years
2018 → 2024
Total assets
€904k▲ 18.1%
2023 · €766k
2018: €513klowest in 7 years
2019: €611k▲ +18.9% vs 2018
2020: €685k▲ +12.2% vs 2019
2021: €786k▲ +14.7% vs 2020
2022: €751k▼ -4.4% vs 2021
2023: €766k▲ +2.0% vs 2022
2024: €904k▲ +18.1% vs 2023highest in 7 years
2018 → 2024
Net result
€122k▼ 1.3%
2023 · €123k
2018: €97klowest in 7 years
2019: €122k▲ +25.4% vs 2018
2020: €113k▼ -6.9% vs 2019
2021: €108k▼ -4.6% vs 2020
2022: €143k▲ +32.0% vs 2021highest in 7 years
2023: €123k▼ -13.6% vs 2022
2024: €122k▼ -1.3% vs 2023
2018 → 2024
Working capital
€767k▲ 21.4%
2023 · €632k
2018: €422klowest in 7 years
2019: €537k▲ +27.2% vs 2018
2020: €611k▲ +13.9% vs 2019
2021: €724k▲ +18.5% vs 2020
2022: €672k▼ -7.2% vs 2021
2023: €632k▼ -6.0% vs 2022
2024: €767k▲ +21.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€660k-€768k▲ 16.4%€705k▼ 8.2%€721k▲ 2.2%€842k▲ 16.9%
2020: €660klowest in 5 years
2021: €768k▲ +16.4% vs 2020
2022: €705k▼ -8.2% vs 2021
2023: €721k▲ +2.2% vs 2022
2024: €842k▲ +16.9% vs 2023highest in 5 years
Operating result€154k-€163k▲ 5.7%€147k▼ 9.9%€187k▲ 27.0%€144k▼ 23.0%
2020: €154k
2021: €163k▲ +5.7% vs 2020
2022: €147k▼ -9.9% vs 2021
2023: €187k▲ +27.0% vs 2022highest in 5 years
2024: €144k▼ -23.0% vs 2023lowest in 5 years
Net result€113k-€108k▼ 4.6%€143k▲ 32.0%€123k▼ 13.6%€122k▼ 1.3%
2020: €113k
2021: €108k▼ -4.6% vs 2020lowest in 5 years
2022: €143k▲ +32.0% vs 2021highest in 5 years
2023: €123k▼ -13.6% vs 2022
2024: €122k▼ -1.3% vs 2023
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 €904k
Fixed assets
€76k ▼ 17.7%
Current assets
€829k ▲ 22.9%
Equity and liabilities €904k
Equity
€842k ▲ 16.9%
Debt
€62k ▲ 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
€169k▼
2023 · €200k
Cash flow
€147k▲
2023 · €137k
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
€62k▲
2023 · €43k
Income taxes
€50k▼
2023 · €53k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€766k€904k▲
Fixed assets21/28€92k€76k▼
Tangible fixed assets22/27€92k€76k▼
Plant, machinery and equipment23€10k€13k▲
Furniture and vehicles24€82k€63k▼
Current assets29/58€674k€829k▲
Amounts receivable within one year40/41€19k€38k▲
Trade receivables40€12k€31k▲
Other amounts receivable41€7k€7k▲
Current investments50/53-€538k
Cash at bank and in hand54/58€653k€251k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€766k€904k▲
Equity10/15€721k€842k▲
Contributions10/11€12k€12k=
Reserves13€708k€830k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€708k€830k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€45k€62k▲
Amounts payable within one year42/48€43k€62k▲
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Taxes, remuneration and social security45€367€2k▲
Taxes450/3€367€2k▲
Other amounts payable47/48€42k€56k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€26k▲
Other operating charges640/8€1k€571▼
Gross operating margin9900€201k€170k▼
Operating profit (loss)9901€187k€144k▼
Financial income75/76B€1€32k▲
Recurring financial income75€1€32k▲
Financial charges65/66B€11k€4k▼
Recurring financial charges65€11k€4k▼
Profit (loss) for the period before taxes9903€176k€172k▼
Income taxes67/77€53k€50k▼
Profit (loss) for the period9904€123k€122k▼
Profit (loss) for the period to be appropriated9905€123k€122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€123k€122k▼
Transfer from equity791/2€108k€0▼
Transfer to equity691/2€123k€122k▼
To other reserves6921€123k€122k▼
Profit to be distributed694/7€108k€0▼
Return on contributions (dividend)694€108k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €12k | €12k | €13k | €26k | ▲ 94.7% |
| Other operating charges640/8 | - | €832 | €850 | €1k | €571 | ▼ 46.5% |
| Gross operating margin9900 | €164k | €176k | €160k | €201k | €170k | ▼ 15.4% |
| Operating profit (loss)9901 | €154k | €163k | €147k | €187k | €144k | ▼ 23.0% |
| Financial income75/76B | - | €4k | €74k | €1 | €32k | ▲ 4,030,990% |
| Recurring financial income75 | €11k | €4k | €74k | €1 | €32k | ▲ 4,030,990% |
| Financial charges65/66B | - | €7k | €9k | €11k | €4k | ▼ 60.7% |
| Recurring financial charges65 | €1k | €7k | €9k | €11k | €4k | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €164k | €161k | €211k | €176k | €172k | ▼ 2.4% |
| Income taxes67/77 | €50k | €52k | €69k | €53k | €50k | ▼ 5.0% |
| Profit (loss) for the period9904 | €113k | €108k | €143k | €123k | €122k | ▼ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €113k | €108k | €143k | €123k | €122k | ▼ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €685k | €786k | €751k | €766k | €904k | ▲ 18.1% |
| Fixed assets21/28 | €49k | €45k | €34k | €92k | €76k | ▼ 17.7% |
| Tangible fixed assets22/27 | €49k | €45k | €34k | €92k | €76k | ▼ 17.7% |
| Plant, machinery and equipment23 | - | €11k | €11k | €10k | €13k | ▲ 28.6% |
| Furniture and vehicles24 | - | €33k | €22k | €82k | €63k | ▼ 23.4% |
| Current assets29/58 | €636k | €741k | €718k | €674k | €829k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €960 | €16 | €3k | €19k | €38k | ▲ 96.6% |
| Trade receivables40 | - | - | €2k | €12k | €31k | ▲ 156% |
| Other amounts receivable41 | - | €16 | €448 | €7k | €7k | ▲ 0.5% |
| Current investments50/53 | €87k | - | - | - | €538k | - |
| Cash at bank and in hand54/58 | €548k | €741k | €715k | €653k | €251k | ▼ 61.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €2k | ▼ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €685k | €786k | €751k | €766k | €904k | ▲ 18.1% |
| Equity10/15 | €660k | €768k | €705k | €721k | €842k | ▲ 16.9% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €648k | €756k | €693k | €708k | €830k | ▲ 17.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €754k | €691k | €708k | €830k | ▲ 17.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €25k | €18k | €46k | €45k | €62k | ▲ 36.7% |
| Amounts payable within one year42/48 | €25k | €18k | €46k | €43k | €62k | ▲ 45.8% |
| Trade debts44 | €520 | €242 | €2k | €0 | €5k | - |
| Suppliers440/4 | - | €242 | €2k | €0 | €5k | - |
| Taxes, remuneration and social security45 | - | €926 | €18k | €367 | €2k | ▲ 341% |
| Taxes450/3 | - | €926 | €18k | €367 | €2k | ▲ 341% |
| Other amounts payable47/48 | - | €16k | €26k | €42k | €56k | ▲ 32.3% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113k | €108k | €143k | €123k | €122k | ▼ 1.3% |
| + Depreciation and write-downs630 | €9k | €12k | €12k | €13k | €26k | ▲ 94.7% |
| Operating cash flow (approximation) | €122k | €120k | €155k | €137k | €147k | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | €-7k | €-838 | €-72k | €-9k | ▲ 86.9% |
| Change in cash | - | €194k | €-26k | €-62k | €-402k | ▼ 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 €143k ▲32%
Net result €143k, 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 €64k to €25k.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Equity above €500kEq €547k ▲28.6%
2 profitable years in a row build equity to €547k.
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. 3,334 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.