Skip to content

Degryse-Staelens

Active
Private limited companyfounded 2015active for 11 yearsAtelierstraat 15, 8820 Torhout, BelgiumKBO/BCE: BE 0638.794.488
Summary

The computed 12-month bankruptcy probability of Degryse-Staelens is 5.1% (elevated). The 2024 annual accounts show equity of €233,696 and a net result of €9,689. Equity has been growing by about 74% per year since 2018. Its solvency ranks better than 15% of 8,966 sector peers (NACE 46, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 23-09-2015 Normal situation
Activity
Wholesale trade NACE 46842and 3 others
Joint committees
201 Paritair Comité voor de zelfstandige kleinhandel
149.04 Paritair Subcomité voor de metaalhandel · annual accounts 2021
Establishment units
2.245.909.393 8820 Torhout, since 23-09-2015
2.333.053.502 8820 Torhout, since 01-07-2022and 1 other
Financial year end
31 December
Peppol
Reachable since 04-05-2026

Board and ownership

Board

Financial position

37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.1%
Annual accounts 2024
Gross margin
€457,498
▼ 9.6%
Turnover
≈ €2.3m
estimated
Profit
€9,689
▼ 86.0%
Equity
€233,696
▲ 4.3%
Total assets
€2.4m
▲ 6.6%
Employees on 31-12-2024
4
=
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 28-08-2025)Equity €233,696 (9.6% of total assets)1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.77, cash €89,834Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 40% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Weak
Solvency 35=
equity 9.6% of total assets
Liquidity 44-2
short-term debt 27.8% · cash 3.7%
Profitability 54-19
return on assets 0.4%
Bankruptcy probability within 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 12-2024: 1.6% 01-2025: 1.5%▼ -0.1 percentage points vs 12-2024 02-2025: 1.6%▲ +0.1 percentage points vs 01-2025 03-2025: 1.5%▼ -0.1 percentage points vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.8%▲ +0.3 percentage points vs 05-2025 07-2025: 2.0%▲ +0.2 percentage points vs 06-2025 08-2025: 2.7%▲ +0.7 percentage points vs 07-2025 09-2025: 1.5%▼ -1.2 percentage points vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.3%▼ -0.2 percentage points vs 02-2026lowest value 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.5%▲ +0.2 percentage points vs 05-2026 07-2026: 1.7%▲ +0.2 percentage points vs 06-2026 08-2026: 2.5%▲ +0.8 percentage points vs 07-2026 09-2026: 3.0%▲ +0.5 percentage points vs 08-2026 10-2026: 5.1%▲ +2.1 percentage points vs 09-2026highest value 11-2026: 5.1%● unchanged vs 10-2026highest value
Credit of up to €8,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.77 (0.83 in 2023), below 1. Short-term debt is 27.8% and cash 3.7% of total assets. 90.4% of the assets are financed with debt and provisions.
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 46, micro). It does better than 23% of them on solvency, 42% on liquidity, 41% on profitability and 54% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
raises risk
raises risk · Figures for financial year 2024 (filed on 28-08-2025)
NBB · annual accounts
raises risk · Equity €233,696 (9.6% of total assets)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 0.77, cash €89,834
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8966 sector peers (2024).
NBB · sector comparison
Position among 8966 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
28 days late
2023
29 days late
2022
31 days late
2021
24 days late
2020
26 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 23 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2024from €69,101 to €9,689 ▼ 86.0% View
  • Caution: Lower solvency than 85% of companies in wholesale tradesector median 44.0% · 8,966 companies 9.6% View
  • Positive: 7 profitable years in a rowprofit 2024: €9,689 7 years View

Recent changes

  1. · Gazette deed Algemene Vergadering - Boekjaar
  2. · Gazette deed 2 directors appointed, 2 directors resigning, 2 reappointedResignations: Degryse Jimmy (manager) and Staelens Ulricke (manager) · Reappointments: Degryse Jimmy (director) and Staelens Ulricke (director) · Appointments: Van Rie Guillaume Nico Lena (director) and VandenBerghe Maxime Hendrik Simone (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Degryse-Staelens: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €702,000 and €3.2m, founded between 2013 and 2019.

CompanyTotal assetsGross margin
Degryse-Staelens Torhout€2.4m€0.5m
LDR-TRADING Oudsbergen€2.3m€0.6m
THRICON Hamont-Achel€1.4m€0.5m
ECOTERM.BE Lokeren€1.6m€0.5m
Enervice Kruisem€2.3m€0.4m
SRINOX Waregem€3.2m€0.2m
Thermo Fast Company Knokke-Heist€0.7m€0.4m
Full comparison

Key facts about Degryse-Staelens

What is the company number of Degryse-Staelens?
The company number of Degryse-Staelens is 0638.794.488. The VAT number is the same number with BE in front: BE 0638.794.488.
Where is Degryse-Staelens based?
The registered office is at Atelierstraat 15, 8820 Torhout.Company details
What does Degryse-Staelens do?
According to the KBO register, the main activity is wholesale trade (NACE 46842).
What is the legal form of Degryse-Staelens?
The legal form of Degryse-Staelens is Private limited company (BV).
When was Degryse-Staelens founded?
Degryse-Staelens was founded on 23-09-2015.
Is Degryse-Staelens still active?
Yes, Degryse-Staelens is an active enterprise in the KBO register.
How many employees does Degryse-Staelens have?
Degryse-Staelens had an average of 4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does Degryse-Staelens fall under?
In its 2021 annual accounts, Degryse-Staelens states joint committees 201 (Paritair Comité voor de zelfstandige kleinhandel) and 149.04 (Paritair Subcomité voor de metaalhandel).
What is the turnover of Degryse-Staelens?
The turnover in financial year 2024 is ≈ €2.3m. This figure is estimated from the gross margin of €457,498 and 138 comparable companies (NACE 46). It probably lies between €1.5m and €3.9m.
Is Degryse-Staelens profitable?
In financial year 2024, Degryse-Staelens made a profit of €9,689.
Where can I find the annual accounts of Degryse-Staelens?
Degryse-Staelens filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

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