DEFER
ActiveSummary
DEFER has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-12k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency64▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.2 in 2024; short-term debt: 50.4% and cash: 37.3% of total assets), and 60.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.4%
Return on assets
-6.8%
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 €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 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
50 d late
2024
26 d late
2023
26 d early
2022
33 d early
2021
33 d early
2020
31 d early
2019
38 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€68k▼ 14.7%
2024 · €79k
Total assets
€172k▲ 2.2%
2024 · €168k
Net result
€-12k▲ 89.8%
2024 · €-115k
Working capital
€38k▲ 117%
2024 · €18k
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€53k▲ 172%€-19k€43€-115k€-10k▲ 91.0%
Net result€45k▲ 108%€-17k€3k€-115k€-12k▲ 89.8%
Equity€208k▲ 27.7%€191k▼ 8.3%€194k▲ 1.6%€79k▼ 59.1%€68k▼ 14.7%
Total assets€251k▲ 19.3%€208k▼ 16.9%€212k▲ 1.8%€168k▼ 20.7%€172k▲ 2.2%
Debt€42k▼ 10.0%€17k▼ 59.1%€18k▲ 3.8%€89k▲ 392%€104k▲ 17.3%
Working capital€158k▲ 64.6%€148k▼ 6.6%€132k▼ 10.6%€18k▼ 86.7%€38k▲ 117%
Staff (FTE)3.1▲ 14.8%1.1▼ 64.5%0.4▼ 63.6%0.6▲ 50.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €115k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€47k ▼ 24.1%
Current assets
€125k ▲ 17.4%
Equity and liabilities €172k
Equity
€68k ▼ 14.7%
Debt
€104k ▲ 17.3%
Debt's share of the balance-sheet total rises from 52.8% to 60.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▲
2024 · €-103k
Cash flow
€5k▲
2024 · €-103k
Current ratio
1.44▲
2024 · 1.20
Quick ratio
1.01▲
2024 · 0.82
Debt to equity
1.54▲
2024 · 1.12
ROE
-17.2%▲
2024 · -144.4%
ROA
-6.8%▲
2024 · -68.2%
Interest coverage
4.79▲
2024 · -349.10
Debt ≤ 1 year
€87k▼
2024 · €89k
Debt > 1 year
€17k
Income taxes
€248▲
2024 · €178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | - | €9k | €28k | - | - |
| Remuneration, social security and pensions62 | €112k | €34k | €17k | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €17k | €18k | €12k | €17k | ▲ 40.9% |
| Other operating charges640/8 | €2k | €954 | €2k | €1k | €2k | ▲ 93.6% |
| Non-recurring operating charges66A | - | - | - | €10k | - | - |
| Gross operating margin9900 | €195k | €32k | €38k | €-89k | €9k | ▲ 110% |
| Operating profit (loss)9901 | €53k | €-19k | €43 | €-115k | €-10k | ▲ 91.0% |
| Financial income75/76B | €3k | €3k | €4k | €501 | €309 | ▼ 38.4% |
| Recurring financial income75 | €3k | €3k | €4k | €501 | €309 | ▼ 38.4% |
| Financial charges65/66B | €423 | €488 | €433 | €294 | €1k | ▲ 374% |
| Recurring financial charges65 | €423 | €488 | €433 | €294 | €1k | ▲ 374% |
| Profit (loss) for the period before taxes9903 | €56k | €-17k | €3k | €-115k | €-11k | ▲ 90.0% |
| Income taxes67/77 | €11k | €147 | €203 | €178 | €248 | ▲ 39.6% |
| Profit (loss) for the period9904 | €45k | €-17k | €3k | €-115k | €-12k | ▲ 89.8% |
| Profit (loss) for the period to be appropriated9905 | €45k | €-17k | €3k | €-115k | €-12k | ▲ 89.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251k | €208k | €212k | €168k | €172k | ▲ 2.2% |
| Fixed assets21/28 | €50k | €43k | €62k | €62k | €47k | ▼ 24.1% |
| Tangible fixed assets22/27 | €50k | €43k | €62k | €62k | €47k | ▼ 24.1% |
| Plant, machinery and equipment23 | €42k | €39k | €27k | €7k | €6k | ▼ 18.2% |
| Furniture and vehicles24 | €8k | €4k | €35k | €54k | €41k | ▼ 24.9% |
| Current assets29/58 | €201k | €165k | €150k | €106k | €125k | ▲ 17.4% |
| Stocks and contracts in progress3 | €21k | €11k | €12k | €34k | €37k | ▲ 10.2% |
| Stocks30/36 | €21k | €11k | €12k | €34k | €37k | ▲ 10.2% |
| Amounts receivable within one year40/41 | - | €20k | €26k | €26k | €24k | ▼ 10.2% |
| Trade receivables40 | - | - | €5k | - | €3k | - |
| Other amounts receivable41 | - | €20k | €21k | €26k | €21k | ▼ 22.0% |
| Cash at bank and in hand54/58 | €180k | €132k | €112k | €46k | €64k | ▲ 38.5% |
| Deferred charges and accrued income490/1 | - | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251k | €208k | €212k | €168k | €172k | ▲ 2.2% |
| Equity10/15 | €208k | €191k | €194k | €79k | €68k | ▼ 14.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €286 | €286 | €286 | €286 | €286 | = |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €188k | €170k | €173k | €59k | €47k | ▼ 19.9% |
| Amounts payable17/49 | €42k | €17k | €18k | €89k | €104k | ▲ 17.3% |
| Amounts payable after more than one year17 | - | - | - | - | €17k | - |
| Financial debts170/4 | - | - | - | - | €17k | - |
| Amounts payable within one year42/48 | €42k | €17k | €18k | €89k | €87k | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | €5k | - | - | - | €8k | - |
| Trade debts44 | €5k | €3k | €6k | €56k | €1k | ▼ 97.8% |
| Suppliers440/4 | €5k | €3k | €6k | €56k | €1k | ▼ 97.8% |
| Taxes, remuneration and social security45 | €33k | €14k | €12k | €16k | €11k | ▼ 35.7% |
| Taxes450/3 | €14k | €8k | €12k | €6k | €156 | ▼ 97.4% |
| Remuneration and social security454/9 | €19k | €7k | €85 | €10k | €10k | = |
| Other amounts payable47/48 | - | - | - | €17k | €67k | ▲ 308% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €-17k | €3k | €-115k | €-12k | ▲ 89.8% |
| + Depreciation and write-downs630 | €27k | €17k | €18k | €12k | €17k | ▲ 40.9% |
| Operating cash flow (approximation) | €72k | €-369 | €21k | €-103k | €5k | ▲ 105% |
| Investment in fixed assets (approximation) | - | €-10k | €-37k | €-12k | €-2k | ▲ 82.2% |
| Change in cash | - | €-49k | €-20k | €-66k | €18k | ▲ 127% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 50 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.52
Current ratio from 4.73 to 9.52; short-term debt falls from €42k to €17k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €45k ▲108%
Operating result €53k, net result €45k, both a record.
31-12
Financial
Equity above €200kEq €208k ▲27.7%
4 profitable years in a row build equity to €208k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €163k ▲15.4%
3 profitable years in a row build equity to €163k.
Show earlier events
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Katelijne-Waver · 1 establishment unit since 1993
Ground area
1.2 ha
Building footprint
485 m²
Volume, LiDAR
2,773 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Simplex Cars
since 19932.064.758.034
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422C0418/00F000 | Flanders | 6,952 m² | - | - |
| 12027E0054/00W000 | Flanders | 5,253 m² | 1 · 484 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 224 EUR awarded · 224 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 224 EUR | 224 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
OCCALEASE
BE 0884.889.725
Elsene · Eq €67,733
GARAGE WILLEMS
BE 0752.827.391
Ravels · Eq €67,800
WILLMANN RENTAL
BE 0721.929.230
Machelen (Brab.) · Eq €67,882
AUTO 2012
BE 0845.175.945
Anderlecht · Eq €67,994
AL ANDALOUSS AUTO’S
BE 0881.579.649
Ganshoren · Eq €68,026
Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 3,467 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
Founded17-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.