DEFION

Active

Private limited companyfounded 199728 yrs activeMoerestraat 72, 8680 Koekelare, BelgiumKBO/BCE: BE 0461.898.756

Summary

DEFION has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €492,762 and a net result of €10,101. Equity is growing by ~3.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysis Watch Report Compare

DEFIONActiveChecked score 64/100

Risk analysis Report Compare

Checked score

Score 2025

64 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70=

Solvency70▲+3

Growth52=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30,000 at 30 days acceptable

Liquidity short (current ratio 0.11 against 0.12 in 2024; short-term debt: 45.2% and cash: 4.3% of total assets), and 55.5% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

44.5%

Return on assets

0.9%

Age of the figures

14 mo

Latest accounts filed on time

The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 02-02-2026, 26 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

26 d early

2024

7 d early

2023

10 d early

2022

7 d early

2021

3 d early

2020

on the day

2019

3 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

31-07-2026 close27-09-2026 today28-02-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 14 November 1997, DEFION was incorporated.¹ Total assets went from EUR 1.2 million in 2019 to EUR 1.1 million in 2025.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€492,762▲ 2.1%

2024 · €482,661

Total assets

€1.1m▼ 2.7%

2024 · €1.1m

Net result

€10,101▼ 25.9%

2024 · €13,626

Working capital

-€446,896▼ 1.9%

2024 · -€438,483

Trend over the years

Chart Table

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€31,737▲ 13.3%€24,703▼ 22.2%€15,182▼ 38.5%€17,697▲ 16.6%€12,098▼ 31.6%

Net result€24,091▲ 30.6%€18,751▼ 22.2%€11,530▼ 38.5%€13,626▲ 18.2%€10,101▼ 25.9%

Equity€438,754▲ 5.8%€457,505▲ 4.3%€469,035▲ 2.5%€482,661▲ 2.9%€492,762▲ 2.1%

Total assets€1.2m▼ 1.3%€1.2m▼ 1.4%€1.2m▼ 2.6%€1.1m▼ 2.3%€1.1m▼ 2.7%

Debt€642,566▼ 5.2%€611,637▼ 4.8%€573,522▼ 6.2%€538,496▼ 6.1%€502,790▼ 6.6%

Working capital-€428,351▲ 1.1%-€455,964▼ 6.4%-€449,939▲ 1.3%-€438,483▲ 2.5%-€446,896▼ 1.9%

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 2025; 2025 is 32% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.1m

95.2%

Fixed assets €1.1m ▼ 2.1%

Current assets €52,884 ▼ 12.7%

Equity and liabilities €1.1m

44.5%

10%

45.4%

Equity €492,762 ▲ 2.1%

Provisions €110,924 ▼ 4.2%

Debt €502,790 ▼ 6.6%

Debt's share of the balance-sheet total falls from 47.4% to 45.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€51,537▼

2024 · €55,468

Cash flow

€49,540▼

2024 · €51,397

Current ratio

0.11▼

2024 · 0.12

Debt to equity

1.02▼

2024 · 1.12

ROE

2.0%▼

2024 · 2.8%

ROA

0.9%▼

2024 · 1.2%

Interest coverage

62.96▲

2024 · 45.50

Debt ≤ 1 year

€499,780▲

2024 · €499,052

Debt > 1 year

€3,010▼

2024 · €38,944

Income taxes

€6,030▼

2024 · €7,703

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.1m€1.1m▼

Fixed assets21/28€1.1m€1.1m▼

Tangible fixed assets22/27€1.1m€1.1m▼

Land and buildings22€1.1m€1.1m▼

Plant, machinery and equipment23€2,784€1,409▼

Current assets29/58€60,569€52,884▼

Amounts receivable within one year40/41€1,947€4,620▲

Trade receivables40€150€1,650▲

Other amounts receivable41€1,797€2,970▲

Cash at bank and in hand54/58€56,122€47,460▼

Deferred charges and accrued income490/1€2,500€804▼

Equity and liabilities

Total equity and liabilities10/49€1.1m€1.1m▼

Equity10/15€482,661€492,762▲

Contributions10/11€18,592€18,592=

Reserves13€300,285€290,864▼

Tax-exempt reserves132€253,590€244,169▼

Distributable reserves133€46,695€46,695=

Profit (loss) carried forward14€163,784€183,306▲

Provisions and deferred taxes16€115,775€110,924▼

Deferred taxes168€115,775€110,924▼

Amounts payable17/49€538,496€502,790▼

Amounts payable after more than one year17€38,944€3,010▼

Financial debts170/4€38,944€3,010▼

Amounts payable within one year42/48€499,052€499,780▲

Current portion of amounts payable after more than one year42€35,590€35,934▲

Trade debts44€1,810€2,195▲

Suppliers440/4€1,810€2,195▲

Other amounts payable47/48€461,651€461,651=

Accrued charges and deferred income492/3€500€0▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,772€39,439▲

Other operating charges640/8€5,466€5,676▲

Gross operating margin9900€60,934€57,213▼

Operating profit (loss)9901€17,697€12,098▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€1,219€819▼

Recurring financial charges65€1,219€819▼

Profit (loss) for the period before taxes9903€16,478€11,280▼

Transfer from deferred taxes780€4,851€4,851=

Income taxes67/77€7,703€6,030▼

Profit (loss) for the period9904€13,626€10,101▼

Transfer from tax-exempt reserves789€9,421€9,421=

Profit (loss) for the period to be appropriated9905€23,047€19,522▼

Appropriation of the result

Profit (loss) to be appropriated9906€163,784€183,306▲

Profit (loss) brought forward from the previous period14P€140,737€163,784▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€32,481	€36,835	€39,043	€37,772	€39,439	▲ 4.4%
Other operating charges640/8	-	€4,875	€5,065	€5,466	€5,676	▲ 3.8%
Gross operating margin9900	€69,063	€66,413	€59,290	€60,934	€57,213	▼ 6.1%
Operating profit (loss)9901	€31,737	€24,703	€15,182	€17,697	€12,098	▼ 31.6%
Financial income75/76B	-	-	€408	€0	-	-
Recurring financial income75	-	-	€408	€0	-	-
Financial charges65/66B	-	€1,832	€1,523	€1,219	€819	▼ 32.9%
Recurring financial charges65	€2,058	€1,832	€1,523	€1,219	€819	▼ 32.9%
Profit (loss) for the period before taxes9903	€29,679	€22,871	€14,068	€16,478	€11,280	▼ 31.5%
Transfer from deferred taxes780	-	€4,851	€4,851	€4,851	€4,851	=
Income taxes67/77	€10,439	€8,971	€7,389	€7,703	€6,030	▼ 21.7%
Profit (loss) for the period9904	€24,091	€18,751	€11,530	€13,626	€10,101	▼ 25.9%
Transfer from tax-exempt reserves789	-	€9,421	€9,421	€9,421	€9,421	=
Profit (loss) for the period to be appropriated9905	€33,513	€28,173	€20,952	€23,047	€19,522	▼ 15.3%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.2m	€1.2m	€1.2m	€1.1m	€1.1m	▼ 2.7%
Fixed assets21/28	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 2.1%
Tangible fixed assets22/27	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 2.1%
Land and buildings22	-	€1.1m	€1.1m	€1.1m	€1.1m	▼ 2.0%
Plant, machinery and equipment23	-	€5,782	€4,158	€2,784	€1,409	▼ 49.4%
Furniture and vehicles24	-	€1,491	-	-	-	-
Current assets29/58	€69,520	€45,890	€49,049	€60,569	€52,884	▼ 12.7%
Amounts receivable within one year40/41	€5,561	€2,179	€2,261	€1,947	€4,620	▲ 137%
Trade receivables40	-	€150	€650	€150	€1,650	▲ 1,000%
Other amounts receivable41	-	€2,029	€1,611	€1,797	€2,970	▲ 65.3%
Current investments50/53	€36,516	-	-	-	-	-
Cash at bank and in hand54/58	€27,334	€39,607	€46,053	€56,122	€47,460	▼ 15.4%
Deferred charges and accrued income490/1	-	€4,104	€735	€2,500	€804	▼ 67.8%
Equity and liabilities
Total equity and liabilities10/49	€1.2m	€1.2m	€1.2m	€1.1m	€1.1m	▼ 2.7%
Equity10/15	€438,754	€457,505	€469,035	€482,661	€492,762	▲ 2.1%
Contributions10/11	-	€18,592	€18,592	€18,592	€18,592	=
Reserves13	€328,550	€319,128	€309,707	€300,285	€290,864	▼ 3.1%
Non-distributable reserves130/1	-	€1,859	-	-	-	-
Reserves not available under the articles1311	-	€1,859	-	-	-	-
Tax-exempt reserves132	-	€272,433	€263,012	€253,590	€244,169	▼ 3.7%
Distributable reserves133	-	€44,836	€46,695	€46,695	€46,695	=
Profit (loss) carried forward14	€91,612	€119,785	€140,737	€163,784	€183,306	▲ 11.9%
Provisions and deferred taxes16	€130,329	€125,478	€120,626	€115,775	€110,924	▼ 4.2%
Deferred taxes168	-	€125,478	€120,626	€115,775	€110,924	▼ 4.2%
Amounts payable17/49	€642,566	€611,637	€573,522	€538,496	€502,790	▼ 6.6%
Amounts payable after more than one year17	€144,694	€109,783	€74,534	€38,944	€3,010	▼ 92.3%
Financial debts170/4	-	€109,783	€74,534	€38,944	€3,010	▼ 92.3%
Amounts payable within one year42/48	€497,872	€501,854	€498,988	€499,052	€499,780	▲ 0.1%
Current portion of amounts payable after more than one year42	-	€34,911	€35,249	€35,590	€35,934	▲ 1.0%
Trade debts44	€1,543	€5,191	€2,087	€1,810	€2,195	▲ 21.2%
Suppliers440/4	-	€5,191	€2,087	€1,810	€2,195	▲ 21.2%
Other amounts payable47/48	-	€461,752	€461,651	€461,651	€461,651	=
Accrued charges and deferred income492/3	-	-	-	€500	€0	▼ 100%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€24,091	€18,751	€11,530	€13,626	€10,101	▼ 25.9%
+ Depreciation and write-downs630	€32,481	€36,835	€39,043	€37,772	€39,439	▲ 4.4%
Operating cash flow (approximation)	€56,572	€55,586	€50,573	€51,397	€49,540	▼ 3.6%
Investment in fixed assets (approximation)	-	-€43,437	-€4,448	€0	-€16,668	-
Change in cash	-	€12,273	€6,447	€10,069	-€8,662	▼ 186%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 28-02-2027

2026

02-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-07

Financial Weakest financial yearnet €10,101 ▼25.9%

Net result drops to €10,101, the lowest in the series.

21-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

19-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

21-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

25-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-07

Financial Highest result since 2019net €24,091 ▲30.6%

Operating result €31,737, net result €24,091, both a record.

28-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

26-02

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

27-02

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

28-02

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-02

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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

4 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, Koekelare

exact location from the address register On OpenStreetMap

Ground area

3,258 m²

Building footprint

294 m²

Volume, LiDAR

1,495 m³

Parcel 32010B1187/00X000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32010B1187/00X000	Flanders	3,258 m²	1 · 294 m²	7.5 m · 2 fl.

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.

Identification & contact

Identification

Legal formPrivate limited company

Founded14-11-1997

Fiscal year end31-07

E-invoicing

Reachable via Peppol

Peppol ID 0208:0461898756

Also 9925:BE0461898756

Scores and ratios are computed by Checked and are not a credit decision.