DEGRANDE DANIEL
ActiveSummary
DEGRANDE DANIEL has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €863,542 and a net result of €350,945. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 83% of 7459 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency98▼-2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 3.28 in 2023; short-term debt: 26.9% and cash: 42.8% of total assets), and 27% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
73%
Return on assets
29.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €863,542
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
22 d late
2023
61 d late
2022
3 d early
2021
30 d late
2020
111 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 22 August (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 oldest company in Torhout, Construction sector
Equity
€863,542▲ 41.0%
2023 · €612,597
Total assets
€1.2m▲ 45.2%
2023 · €814,738
Net result
€350,945▲ 10.0%
2023 · €319,126
Working capital
€730,193▲ 65.7%
2023 · €440,624
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€61,062▼ 51.5%€180,357▲ 195%€313,769▲ 74.0%€411,281▲ 31.1%€436,562▲ 6.1%
Net result€39,665within the sector's middle half▼ 58.3%€124,073above the sector's middle half▲ 213%€233,762above the sector's middle half▲ 88.4%€319,126above the sector's middle half▲ 36.5%€350,945above the sector's middle half▲ 10.0%
Equity€686,153above the sector's middle half=€199,710within the sector's middle half▼ 70.9%€373,471within the sector's middle half▲ 87.0%€612,597within the sector's middle half▲ 64.0%€863,542above the sector's middle half▲ 41.0%
Total assets€1.1mwithin the sector's middle half▼ 18.0%€1.2mwithin the sector's middle half▲ 9.5%€945,197within the sector's middle half▼ 22.5%€814,738within the sector's middle half▼ 13.8%€1.2mwithin the sector's middle half▲ 45.2%
Debt€425,753▼ 36.3%€1.0m▲ 139%€571,093▼ 44.0%€202,141▼ 64.6%€319,651▲ 58.1%
Working capital€383,894within the sector's middle half▲ 13.0%-€66,433below the sector's middle half€194,148within the sector's middle half€440,624within the sector's middle half▲ 127%€730,193above the sector's middle half▲ 65.7%
Solvency61.6%above the sector's middle half▲ 11.0pp16.4%below the sector's middle half▼ 45.2pp39.5%within the sector's middle half▲ 23.1pp75.2%above the sector's middle half▲ 35.7pp73.0%above the sector's middle half▼ 2.2pp
Current ratio1.93within the sector's middle half▲ 0.420.93below the sector's middle half▼ 0.991.37within the sector's middle half▲ 0.443.28above the sector's middle half▲ 1.903.29above the sector's middle half▲ 0.02
Return on assets (ROA)3.6%within the sector's middle half▼ 3.4pp10.2%within the sector's middle half▲ 6.6pp24.7%above the sector's middle half▲ 14.6pp39.2%above the sector's middle half▲ 14.4pp29.7%above the sector's middle half▼ 9.5pp
Staff (FTE)3within the sector's middle half=3within the sector's middle half=2.9within the sector's middle half▼ 3.3%2.5within the sector's middle half▼ 13.8%3.2within the sector's middle half▲ 28.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€134,424 ▼ 25.6%
Current assets
€1.0m ▲ 65.4%
Equity and liabilities €1.2m
Equity
€863,542 ▲ 41.0%
Debt
€319,651 ▲ 58.1%
Debt's share of the balance-sheet total rises from 24.8% to 27.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€485,518▲
2023 · €462,092
Cash flow
€399,902▲
2023 · €369,937
Quick ratio
3.03▲
2023 · 2.70
Debt to equity
0.37▲
2023 · 0.33
ROE
40.6%▼
2023 · 52.1%
Interest coverage
146.68▲
2023 · 45.82
Debt ≤ 1 year
€318,577▲
2023 · €193,555
Income taxes
€94,059▲
2023 · €86,928
Staff costs
€210,320▲
2023 · €192,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €191,640 | €194,924 | €192,176 | €210,320 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,785 | €61,036 | €53,575 | €50,811 | €48,957 | ▼ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,472 | -€2,696 | -€5,410 | €20,800 | ▲ 484% |
| Other operating charges640/8 | - | €8,287 | €8,684 | €9,444 | €10,439 | ▲ 10.5% |
| Gross operating margin9900 | €349,146 | €445,792 | €568,256 | €658,302 | €727,077 | ▲ 10.4% |
| Operating profit (loss)9901 | €61,062 | €180,357 | €313,769 | €411,281 | €436,562 | ▲ 6.1% |
| Financial income75/76B | - | €4,581 | €4,177 | €4,226 | €11,753 | ▲ 178% |
| Recurring financial income75 | €6,310 | €4,581 | €4,177 | €4,226 | €11,753 | ▲ 178% |
| Financial charges65/66B | - | €17,842 | €19,498 | €10,085 | €3,310 | ▼ 67.2% |
| Recurring financial charges65 | €12,933 | €17,842 | €19,498 | €10,085 | €3,310 | ▼ 67.2% |
| Profit (loss) for the period before taxes9903 | €54,439 | €167,096 | €298,449 | €405,422 | €445,004 | ▲ 9.8% |
| Transfer from deferred taxes780 | - | €633 | €633 | €633 | €0 | ▼ 100% |
| Income taxes67/77 | €15,406 | €43,656 | €65,320 | €86,928 | €94,059 | ▲ 8.2% |
| Profit (loss) for the period9904 | €39,665 | €124,073 | €233,762 | €319,126 | €350,945 | ▲ 10.0% |
| Transfer from tax-exempt reserves789 | - | €1,228 | €2,998 | €1,228 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €40,894 | €125,301 | €236,760 | €320,354 | €350,945 | ▲ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €945,197 | €814,738 | €1.2m | ▲ 45.2% |
| Fixed assets21/28 | €316,155 | €284,945 | €231,371 | €180,559 | €134,424 | ▼ 25.6% |
| Tangible fixed assets22/27 | €316,155 | €284,945 | €231,371 | €180,559 | €134,424 | ▼ 25.6% |
| Land and buildings22 | - | €49,392 | €47,433 | €46,159 | €44,956 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €214,942 | €168,834 | €123,949 | €81,044 | ▼ 34.6% |
| Furniture and vehicles24 | - | €20,612 | €15,103 | €10,451 | €8,423 | ▼ 19.4% |
| Current assets29/58 | €797,649 | €935,136 | €713,826 | €634,179 | €1.0m | ▲ 65.4% |
| Stocks and contracts in progress3 | €107,589 | €178,129 | €103,166 | €112,522 | €83,330 | ▼ 25.9% |
| Stocks30/36 | - | €178,129 | €103,166 | €112,522 | €83,330 | ▼ 25.9% |
| Amounts receivable within one year40/41 | €155,827 | €158,865 | €267,173 | €135,538 | €153,552 | ▲ 13.3% |
| Trade receivables40 | - | €118,780 | €215,929 | €118,078 | €117,972 | ▼ 0.1% |
| Other amounts receivable41 | - | €40,085 | €51,244 | €17,460 | €35,580 | ▲ 104% |
| Current investments50/53 | - | - | - | €150,000 | €300,000 | ▲ 100% |
| Cash at bank and in hand54/58 | €532,582 | €596,533 | €341,708 | €236,053 | €506,889 | ▲ 115% |
| Deferred charges and accrued income490/1 | - | €1,610 | €1,779 | €66 | €4,999 | ▲ 7,421% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €945,197 | €814,738 | €1.2m | ▲ 45.2% |
| Equity10/15 | €686,153 | €199,710 | €373,471 | €612,597 | €863,542 | ▲ 41.0% |
| Contributions10/11 | - | €138,000 | €138,000 | €138,000 | €138,000 | = |
| Reserves13 | €548,153 | €61,710 | €235,471 | €474,597 | €725,542 | ▲ 52.9% |
| Non-distributable reserves130/1 | - | €13,800 | €13,800 | €0 | - | - |
| Reserves not available under the articles1311 | - | €13,800 | €13,800 | €0 | - | - |
| Tax-exempt reserves132 | - | €47,609 | €44,610 | €43,382 | €43,382 | = |
| Distributable reserves133 | - | €301 | €177,061 | €431,215 | €682,160 | ▲ 58.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €1,898 | €1,265 | €633 | €0 | - | - |
| Deferred taxes168 | - | €1,265 | €633 | €0 | - | - |
| Amounts payable17/49 | €425,753 | €1.0m | €571,093 | €202,141 | €319,651 | ▲ 58.1% |
| Amounts payable within one year42/48 | €413,755 | €1.0m | €519,678 | €193,555 | €318,577 | ▲ 64.6% |
| Trade debts44 | €112,275 | €80,277 | €138,936 | €86,860 | €169,973 | ▲ 95.7% |
| Suppliers440/4 | - | €80,277 | €138,936 | €86,860 | €169,973 | ▲ 95.7% |
| Taxes, remuneration and social security45 | - | €37,438 | €14,449 | €19,639 | €27,341 | ▲ 39.2% |
| Taxes450/3 | - | €25,456 | €2,776 | €2,953 | €6,753 | ▲ 129% |
| Remuneration and social security454/9 | - | €11,982 | €11,673 | €16,686 | €20,588 | ▲ 23.4% |
| Other amounts payable47/48 | - | €883,855 | €366,293 | €87,056 | €121,263 | ▲ 39.3% |
| Accrued charges and deferred income492/3 | - | €17,537 | €51,415 | €8,586 | €1,074 | ▼ 87.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,665 | €124,073 | €233,762 | €319,126 | €350,945 | ▲ 10.0% |
| + Depreciation and write-downs630 | €66,785 | €61,036 | €53,575 | €50,811 | €48,957 | ▼ 3.7% |
| Operating cash flow (approximation) | €106,450 | €185,109 | €287,336 | €369,937 | €399,902 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€29,826 | €0 | €0 | -€2,821 | - |
| Change in cash | - | €63,952 | -€254,825 | -€105,655 | €270,836 | ▲ 356% |
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
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €350,945 ▲10%
Operating result €436,562, net result €350,945, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.28
Current ratio from 1.37 to 3.28; short-term debt falls from €519,678 to €193,555.
31-12
Financial
Equity above €500,000Eq €612,597 ▲64%
6 profitable years in a row build equity to €612,597.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €373,471 ▲87%
5 profitable years in a row build equity to €373,471.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 111 days late
2020
31-12
Financial
Weakest financial yearnet €39,665 ▼58.3%
Net result drops to €39,665, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
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.
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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, Torhout · 1 establishment unit since 1976
Ground area
444 m²
Building footprint
142 m²
Volume, LiDAR
940 m³
Parcel 31522B0029/00Y000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEGRANDE DANIEL BVBA
since 19762.011.966.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0029/00Y000 | Flanders | 444 m² | 1 · 142 m² | 10.6 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.
Structure & network
Owners and holdings
1 ownerChain of control
- RAMEN DEGRANDE
- DEGRANDE DANIEL
Highest known parent: RAMEN DEGRANDE. The sources do not say who stands above it.
Owners 1
- RAMEN DEGRANDEparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,181 EUR awarded · 4,181 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,181 EUR | 4,181 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryDE GRANDE DANIEL BV16983
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 4,752 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
Founded01-01-1976
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415658757
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.