Active BE 0538.507.970Private limited company

Den Bies

Heultjedorp 7 ·2260 Westerlo, Belgium· 12 yrs active

Sector: Non-specialised retail sale with food, beverages or tobacco predominating (47110)

Conclusion Checked

Den Bies has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €137k and a net result of €71k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€137k
Net result	€71k
Staff (FTE)	7.4
Better than sector	21%

Financial profile 5 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 11

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2013, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

51 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€7k

estimate, not credit advice

Score history

55 2021

63 2022

18 2023

51 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.57 (< 1.0) -10

Quick ratio Quick ratio 0.18 (< 0.6) -5

Leverage Debt/equity 6.18 (> 3.0) -10

Profitability ROE 52% (≥ 10%) +10

Interest coverage Interest coverage 5.6× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview11 NBB filings

Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~23.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.9%	38.6%	better than 21% of 9575 sector peers
Net result	€71k	€44k	better than 61% of 9574 sector peers
Equity	€137k	€332k	better than 28% of 9577 sector peers
Gross operating margin	€461k	€266k	better than 70% of 9552 sector peers
Staff costs	€255k	€166k	higher than 65% of 7706 sector peers

EBITDA

€203k

+220.6% 21-24

Net profit

€71k

- 21-24

Cash flow

€156k

+313.2% 21-24

Total assets

€985k

-11.5% 21-24

Equity

€137k

+108.9% 21-24

Working capital

€-217k

+26.4% 21-24

Employees (FTE)

7

+23.3% 21-24

Staff costs

€255k

+23.8% 21-24

Income taxes

€11k

+12646.5% 21-24

Debt

€848k

-19.0% 21-24

Debt ≤ 1y

€500k

-24.5% 21-24

Debt > 1y

€348k

-9.8% 21-24

Current ratio

0.57

+2.1% 21-24

Quick ratio

0.18

-39.2% 21-24

Solvency

13.9%

+136.0% 21-24

Debt / equity

6.18

-61.2% 21-24

ROE

52.1%

- 21-24

ROA

7.3%

- 21-24

Interest coverage

5.55

+124.3% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	micro schema
Revenue	-	-	-	-
EBITDA	€203k	€63k	€13k	-
Net profit	€71k	€-14k	€6k	€9k
Cash flow	€156k	€38k	€8k	-
Staff costs	€255k	€206k	€175k	€159k
Income taxes	€11k	€88	€3k	€6k
Dividends	-	-	-	-
Total assets	€985k	€1.11M	€397k	€551k
Equity	€137k	€66k	€60k	€53k
Debt	€848k	€1.05M	€337k	€497k
of which ≤ 1y	€500k	€661k	€330k	€472k
of which > 1y	€348k	€385k	-	-
Working capital	€-217k	€-294k	€57k	€78k
Employees (FTE)	7.4	6.0	5.0	6.0

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.57	0.55	1.17	1.17
Quick ratio	0.18	0.30	0.64	0.91
Working capital ratio	-22.0%	-26.5%	14.4%	14.3%
Solvency	13.9%	5.9%	15.0%	9.7%
Debt / equity	6.18	15.96	5.66	9.30
Long-term debt ratio	2.54	5.88	-	-
Interest coverage	5.55	2.47	7.33	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	7.3%	-1.3%	1.5%	1.6%
ROE	52.1%	-21.3%	10.3%	16.2%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €701k · 71.2% Current assets €283k · 28.8%

Equity & liabilities

Equity €137k · 13.9% Debt €848k · 86.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€985k	€1.11M	€397k	€551k
Fixed assets	21/28	€701k	€746k	€10k	-
Tangible fixed assets	22/27	€701k	€746k	€10k	-
Current assets	29/58	€283k	€367k	€387k	€551k
Stocks & contracts in progress	3	€191k	€167k	€175k	€123k
Amounts receivable within one year	40/41	€5k	€29k	€6k	€3k
Cash & bank	54/58	€85k	€169k	€206k	€424k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€985k	€1.11M	€397k	€551k
Equity	10/15	€137k	€66k	€60k	€53k
Contributions / capital	10/11	€30k	€30k	€10k	€10k
Reserves	13	€107k	€50k	€50k	€43k
Accumulated profits (losses)	14	-	€-14k	-	-
Amounts payable	17/49	€848k	€1.05M	€337k	€497k
Amounts payable after one year	17	€348k	€385k	-	-
Amounts payable within one year	42/48	€500k	€661k	€330k	€472k
Trade debts payable within one year	44	€254k	€296k	€158k	€167k
Income statement
Gross operating margin	9900	€461k	€271k	€189k	€176k
Operating result	9901	€119k	€12k	€11k	€16k
Financial income	75	€424	€11	€2	-
Financial charges	65	€37k	€26k	€2k	€2k
Result before taxes	9903	€83k	€-14k	€9k	€15k
Income taxes	67/77	€11k	€88	€3k	€6k
Net result for the period	9904	€71k	€-14k	€6k	€9k
Result to be appropriated	9905	€71k	€-14k	€6k	€9k

Directors & mandates 2 directors

Current directors & mandates

BIESEMANS Bruno
Director
State Gazette act 23476224 (27-12-2023)

Current
27-12-2023 → present
3 events
- 27-12-2023 Resigned· Director
- 27-12-2023 Appointed· Director
- 01-02-2022 Appointed· Director
REGUSPrivate limited company
Director· perm. rep.: REGUS
State Gazette act 23476224 (27-12-2023)

Current
27-12-2023 → present

Permanent representatives (1)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

BV Zelfbediening BiesemansLegal entity
Permanent representative· perm. rep.: Bruno Biesemans
State Gazette act 22036400 (17-03-2022)

Permanent representative
01-02-2022 → present

Legal Structure

NACE primary	Non-specialised retail sale with food, beverages or tobacco predominating(47110)
Legal form	Private limited company(610)
Incorporation	10-09-2013
Status	Active
Postal code	2260

Establishment units 1 location

Den Bies

Heultjedorp 7, 2260 WesterloManufacture of fabricated metal products, except machinery and equipment

since 20132.223.327.793

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13049D1017/00D002	Flanders	1,349 m²	1 · 776 m²	9.6 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

All 15Financial 3Gazette 2Filings 10

2025

02-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €71k

Net result €71k after one loss-making year.

31-12

Financial Equity above €100kEq €137k ▲109%

Equity rises from €66k to €137k.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-14k ▼327%

Net result drops to €-14k, the lowest in the series; recovery starts the following year.

27-12

State Gazette act Director changes

Lien Van Cauwenbergh

31-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

08-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 8 days late

17-03

State Gazette act Director changes

2021

03-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 3 days late

2020

19-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 19 days late

2019

20-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 20 days late

2018

17-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 17 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

2016

25-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 25 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

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.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2023

27-12-2023 2 directors appointed, 1 resigning Director changes·Lien Van Cauwenbergh

BIESEMANS Bruno, Bestuurder
REGUS, Bestuurder
BIESEMANS Bruno, Bestuurder

Notary: Lien Van Cauwenbergh · Westerlo

Original publication ↗

Technical details

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2022

17-03-2022 2 directors appointed Director changes

Bruno Biesemans, Bestuurder
Bruno Biesemans, Vaste vertegenwoordiger

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47113Manufacture of fabricated metal products, except machinery and equipment25620Gambling and betting activities92000

Names & trade names

Legal nameNL

Den Bies

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