Equity
€51,005 from €131,387 in 2024
Equity fell by 61% in 1 year.
DEFI one
Lifetime
17 annual accounts with figures on one time axispeak €982,457 (2024)
€907,899▼ 7.6%
lowest -€80,382 (2025)
-€80,382▼ €92,039
peak €131,387 (2024)
€51,005▼ 61.2%
€297,777▲ 0.7%
peak 30.9 FTE (2010)
-not published
Board11 names since 2018
6 directorsFrançois LAURENTY and 5 others
Owners3 names in the annual accounts
Documentsfilings and deeds
06-07-202625 days before the deadline
2025abbreviated format
Loss of €80,382Equity from €131,387 to €51,005Cash from €67,438 to €46,267
Key points
from the 2025 annual accountsResult
-€80,382 -€80,382
From profit to loss in 2025, after a profit of €11,657 in 2024.
Debts
€297,777 85% of the balance sheet
Suppliers 44%Taxes and wages 56%
Of this, €296,105 falls due within a year.
Staff
37 employees on 31-12-2025
In 2025, 26 people joined and 31 left.
Filings
17 annual accounts since 2009
The 2019 accounts came 61 days late. The other nine of the last ten were filed on time.
Position in the sector
-€80,382
Lower net result than 82% of companies in waste collection and treatment. Sector median €34,397 · 259 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in waste collection and treatment (NACE 38)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 520 companies (NACE 38, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026highest value
10-2026: 1.0%● unchanged vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €80,382 (financial year 2025)
Sector: Waste collection, recovery and disposal activities (NACE 38)
Equity €51,005 (14.6% of total assets)
lowers risk
Size: total assets €348,782
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, micro). It does better than 26% of them on solvency, 15% on liquidity, 6% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 180 companies had the same profile as DEFI one has now. Each dot is one company, two years later.
91.1%
were still trading
2.8%
stopped another way
5.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DEFI one itself is lower: 1.0% within 12 months. It rests on far more data about DEFI one than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 180 companies, not a prediction for DEFI one. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.03 (1.31 in 2024), below the usual 1.5. Short-term debt is 84.9% and cash 13.3% of total assets. 85.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 258 sector peers (2025).
NBB · sector comparisonPosition among 258 sector peers
Solvency
better than 24%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
20 days early
2023
23 days early
2022
5 days early
2021
32 days early
2020
11 days early
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- Compagnie immobilière et financière 83.78%equity €38.1m (2025) · 2025 annual accounts of Compagnie immobilière et financière
Recent changes
Reappointments: Hervé CLAUDE (director) and René-Charles WASTEELS (director)
General meeting of 18-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0898691934
1 statutory auditor reappointed, 3 directors reappointed
REWISE (statutory auditor), François LAURENTY, Benoît JONET and Laurent GRUTMAN · General meeting of 20-06-2024 · Gazette deed
Social enterprise approval granted
Decision of 11-06-2024, published on 01-07-2024
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEFI one Saint-Ghislain | €348,782 | €0.9m | 14.6% | - |
| FORMAREC Mons | €159,818 | €0.6m | 21.4% | - |
| SERVI+ Awans | €633,683 | €1.1m | 83.6% | 20.8 |
| DPN Belgium Wichelen | €694,931 | €0.6m | 26.2% | - |
| TINCK JAN Boechout | €631,906 | €0.7m | 71.5% | 6.4 |
| NYS METAALRECYCLAGE Riemst | €718,607 | €0.5m | 29.3% | - |
| SNOEYS RECYCLAGE Brecht | €845,457 | €0.7m | -51.0% | 13.8 |
These companies have the same main activity as DEFI one: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €160,000 and €845,000, founded between 2001 and 2011.
Official details
Source: KBO- Status
- Active since 20-06-2008Normal situation
- Activity
- Materials recovery from wasteNACE 38210and 4 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers
- 121Cleaning · annual accounts 2025
- Establishment unit
- 2.171.745.3717330 Saint-Ghislain, since 10-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Annual accounts 2025
- ≈ €2.1mestimated
- €348,782▼ 18.3%
- Employeeson 31-12-2025
- 37▼ 11.9%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on DEFI one
DEFI one files the abbreviated format. That format states no turnover. The gross margin rose from €888,719 in 2009 to €907,899 in 2025.
Compagnie immobilière et financière holds 83.78% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DEFI one
- What is the company number of DEFI one?
- The company number of DEFI one is 0898.691.934. The VAT number is the same number with BE in front: BE 0898.691.934.
- Where is DEFI one based?
- The registered office is at Zone art. de la Rivièrette 49, 7330 Saint-Ghislain.Company details
- What does DEFI one do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of DEFI one?
- DEFI one is a cooperative company (CV).
- When was DEFI one founded?
- DEFI one was founded on 20-06-2008.
- Is DEFI one still active?
- Yes, DEFI one is an active enterprise in the KBO register.
- How many employees does DEFI one have?
- DEFI one had an average of 30.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DEFI one fall under?
- In its 2025 annual accounts, DEFI one states joint committees 100 (Auxiliary committee for blue-collar workers), 200 (Auxiliary committee for white-collar workers) and 121 (Cleaning).
- What is the turnover of DEFI one?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €907,899 and 2,275 comparable companies of the same size. It probably lies between €1.3m and €3.6m. It is a rough estimate. In financial year 2021 turnover was €520,419.
- Is DEFI one profitable?
- In financial year 2025, DEFI one made a loss of €80,382.
- Where can I find the annual accounts of DEFI one?
- DEFI one filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEFI one due?
- DEFI one must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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