DEN BREYN
ActiveDEN BREYN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.95M and a net result of €1.31M. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 49% of 651 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+12
Solvency61▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.39 in 2023; short-term debt: 31.5% and cash: 4.1% of total assets), but 64.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
35.7%
Return on assets
7.8%
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 €5.95M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
61 d late
2022
31 d late
2021
75 d late
2020
87 d late
2019
137 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€14.42M▼ 32.1%
2023 · €21.22M
2023: €21.22M
2023 → 2024
EBIT margin
8.8%▲ 5.0pp
2023 · 3.8%
2023: 3.8%
2023 → 2024
Net result
€1.31M▲ 66.4%
2023 · €786k
2018: €1.06M
2019: €744k
2020: €-455k
2021: €-127k
2022: €-450k
2023: €786k
2018 → 2024
Working capital
€2.88M▲ 28.3%
2023 · €2.25M
2018: €1.62M
2019: €1.54M
2020: €1.88M
2021: €1.97M
2022: €1.45M
2023: €2.25M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€21.22M€14.42M▼ 32.1%
Equity€4.62M-€4.42M▼ 4.3%€3.98M▼ 10.2%€4.70M▲ 18.1%€5.95M▲ 26.8%
Operating result€-497k-€-83k▲ 83.3%€-294k▼ 256%€813k€1.27M▲ 56.3%
Net result€-455k-€-127k▲ 72.0%€-450k▼ 253%€786k€1.31M▲ 66.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 56% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.68M
Fixed assets
€8.55M▲ 8.2%
Current assets
€8.13M▲ 1.2%
Equity and liabilities €16.68M
Equity
€5.95M▲ 26.8%
Provisions
€3k▼ 50.2%
Debt
€10.72M▼ 4.5%
The debt ratio falls from 70.5% to 64.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.48M▲
2023 · €2.09M
Cash flow
€2.51M▲
2023 · €2.07M
Solvency
35.7%▲
2023 · 29.5%
Current ratio
1.55▲
2023 · 1.39
Quick ratio
1.27▲
2023 · 1.17
Debt / equity
1.80▼
2023 · 2.39
ROE
22.0%▲
2023 · 16.7%
ROA
7.8%▲
2023 · 4.9%
Interest coverage
15.57▲
2023 · 15.23
Debt
€10.72M▼
2023 · €11.23M
Debt ≤ 1 year
€5.25M▼
2023 · €5.79M
Debt > 1 year
€5.47M▲
2023 · €5.44M
Income taxes
€256k▲
2023 · €4k
Staff costs
€1.57M▲
2023 · €1.40M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€15.93M€16.68M▲
Fixed assets21/28€7.90M€8.55M▲
Tangible fixed assets22/27€7.90M€8.55M▲
Land and buildings22€4.18M€3.88M▼
Plant, machinery and equipment23€3.72M€4.66M▲
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Shares284€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€8.03M€8.13M▲
Stocks and contracts in progress3€1.25M€1.46M▲
Stocks30/36€1.25M€1.46M▲
Raw materials and consumables30/31€156k€163k▲
Work in progress32€1.10M€1.29M▲
Amounts receivable within one year40/41€5.92M€5.37M▼
Trade receivables40€3.43M€1.34M▼
Other amounts receivable41€2.49M€4.02M▲
Current investments50/53€555k€565k▲
Other investments51/53€555k€565k▲
Cash at bank and in hand54/58€213k€685k▲
Deferred charges and accrued income490/1€95k€52k▼
Equity and liabilities
Total equity and liabilities10/49€15.93M€16.68M▲
Equity10/15€4.70M€5.95M▲
Contributions10/11€210k€210k=
Reserves13€4.39M€5.69M▲
Non-distributable reserves130/1€21k€21k=
Reserves not available under the articles1311€21k€21k=
Distributable reserves133€4.36M€5.67M▲
Investment grants15€101k€50k▼
Provisions and deferred taxes16€5k€3k▼
Deferred taxes168€5k€3k▼
Amounts payable17/49€11.23M€10.72M▼
Amounts payable after more than one year17€5.44M€5.47M▲
Financial debts170/4€5.44M€5.47M▲
Credit institutions173€5.44M€5.47M▲
Amounts payable within one year42/48€5.79M€5.25M▼
Current portion of amounts payable after more than one year42€1.54M€1.66M▲
Trade debts44€2.33M€2.64M▲
Suppliers440/4€2.33M€2.64M▲
Taxes, remuneration and social security45€152k€410k▲
Taxes450/3€4k€255k▲
Remuneration and social security454/9€148k€154k▲
Other amounts payable47/48€1.77M€531k▼
Accrued charges and deferred income492/3€140€142▲
Income statement
Code20232024
Operating income70/76A€22.30M€14.69M▼
Turnover70€21.22M€14.42M▼
Other operating income74€1.08M€276k▼
Non-recurring operating income76A€0-
Operating charges60/66A€21.49M€13.42M▼
Goods for resale, raw materials and consumables60€17.27M€9.28M▼
Purchases600/8€17.91M€9.48M▼
Change in stocks: decrease (increase)609€-635k€-206k▲
Services and other goods61€1.44M€1.29M▼
Remuneration, social security and pensions62€1.40M€1.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.28M€1.20M▼
Other operating charges640/8€90k€87k▼
Non-recurring operating charges66A€8k€3k▼
Operating profit (loss)9901€813k€1.27M▲
Financial income75/76B€111k€449k▲
Recurring financial income75€111k€449k▲
Income from financial fixed assets750-€14k
Income from current assets751€8k€13k▲
Other financial income752/9€103k€422k▲
Financial charges65/66B€138k€159k▲
Recurring financial charges65€138k€159k▲
Debt charges650€138k€159k▲
Other financial charges652/9€22€507▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€787k€1.56M▲
Transfer from deferred taxes780€3k€3k▼
Income taxes67/77€4k€256k▲
Taxes670/3€4k€256k▲
Profit (loss) for the period9904€786k€1.31M▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€786k€1.31M▲
Appropriation of the result
Profit (loss) to be appropriated9906€786k€1.31M▲
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€786k€1.31M▲
To other reserves6921€786k€1.31M▲
Social balance
Average headcount (FTE)908741.238.3▼
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.31M ▲66.4%
Net result €1.31M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.95M ▲26.8%
2 profitable years in a row build equity to €5.95M.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Back to profitnet €786k
Net result €786k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €-455k ▼161%
Net result drops to €-455k, the lowest in the series; recovery starts the following year.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 137 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 76 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 72 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
18-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 79 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ravels · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Turnhoutseweg 962381 RavelsGround area
895 m²
Building footprint
177 m²
Volume, LiDAR
805 m³
Parcel 13048D0502/00K000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Turnhoutseweg 96, 2381 Ravels
since 20012.095.414.190
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0502/00K000 | Flanders | 895 m² | 1 · 177 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 43,105 EUR awarded · 43,105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 43,105 EUR | 43,105 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Recognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.095.414.190
Legal Entity Identifier
254900HWL626QIUSQQ85
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 358 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-11-2001
Fiscal year end31-12
Activities, NACEBEL
01121
01130Growing of vegetables, melons, roots and tubers
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.