DEN DRAAD
ActiveThe computed 12-month bankruptcy probability of DEN DRAAD is 1.5% (moderate). The 2025 annual accounts show equity of €29k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 1508 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46=
Solvency34▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.29 in 2024; short-term debt: 23.8% and cash: 9.5% of total assets), and 90.9% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
2.6%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
58 d early
2024
4 d late
2023
26 d late
2022
31 d late
2021
30 d late
2020
117 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▲ 40.6%
2024 · €21k
2020: €-8k
2021: €16k
2022: €40k
2023: €53k
2024: €21k
2020 → 2025
Total assets
€320k▲ 0.5%
2024 · €319k
2020: €18k
2021: €80k
2022: €51k
2023: €219k
2024: €319k
2020 → 2025
Net result
€8k▼ 33.8%
2024 · €13k
2020: €-16k
2021: €24k
2022: €23k
2023: €13k
2024: €13k
2020 → 2025
Working capital
€-40k▲ 26.5%
2024 · €-54k
2020: €-5k
2021: €-12k
2022: €16k
2023: €17k
2024: €-54k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€40k▲ 143%€53k▲ 33.0%€21k▼ 60.7%€29k▲ 40.6%
Operating result€25k-€27k▲ 10.4%€18k▼ 33.4%€30k▲ 65.3%€27k▼ 9.8%
Net result€24k-€23k▼ 3.4%€13k▼ 44.0%€13k▼ 2.9%€8k▼ 33.8%
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 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€284k▼ 4.2%
Current assets
€36k▲ 62.2%
Equity and liabilities €320k
Equity
€29k▲ 40.6%
Debt
€291k▼ 2.3%
The debt ratio falls from 93.5% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €44k
Cash flow
€25k▼
2024 · €27k
Solvency
9.1%▲
2024 · 6.5%
Current ratio
0.48▲
2024 · 0.29
Quick ratio
0.48▲
2024 · 0.29
Debt / equity
10.01▼
2024 · 14.41
ROE
28.9%▼
2024 · 61.3%
ROA
2.6%▼
2024 · 4.0%
Interest coverage
2.85▲
2024 · 2.68
Debt
€291k▼
2024 · €298k
Debt ≤ 1 year
€76k▼
2024 · €77k
Debt > 1 year
€210k▼
2024 · €219k
Income taxes
€3k▲
2024 · €947
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€319k€320k▲
Fixed assets21/28€296k€284k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€296k€284k▼
Land and buildings22€286k€274k▼
Plant, machinery and equipment23€10k€10k▼
Furniture and vehicles24€74€0▼
Other tangible fixed assets26€427€168▼
Current assets29/58€22k€36k▲
Amounts receivable within one year40/41€13k€4k▼
Trade receivables40€1k€3k▲
Other amounts receivable41€12k€731▼
Cash at bank and in hand54/58€8k€30k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€319k€320k▲
Equity10/15€21k€29k▲
Contributions10/11€8k€8k=
Reserves13€13k€21k▲
Distributable reserves133€13k€21k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€298k€291k▼
Amounts payable after more than one year17€219k€210k▼
Financial debts170/4€219k€210k▼
Amounts payable within one year42/48€77k€76k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€952€1k▲
Suppliers440/4€952€1k▲
Taxes, remuneration and social security45€3k€871▼
Taxes450/3€405€871▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€65k€66k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€762€848▲
Gross operating margin9900€45k€45k▼
Operating profit (loss)9901€30k€27k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€14k€12k▼
Income taxes67/77€947€3k▲
Profit (loss) for the period9904€13k€8k▼
Profit (loss) for the period to be appropriated9905€13k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€8k▼
Transfer from equity791/2€45k€0▼
Transfer to equity691/2€13k€8k▼
To other reserves6921€13k€8k▼
Profit to be distributed694/7€45k€0▼
Return on contributions (dividend)694€45k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.65
Current ratio from 0.80 to 2.65; short-term debt falls from €58k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2019
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.
Kalvariestraat(Mar) 68510 KortrijkGround area
1.3 ha
Building footprint
694 m²
Parcel 34026B0046/00L002, Flanders. Linked by address, not a title deed.
1 establishment unit
DEN DRAAD
since 20192.296.439.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0046/00L002 | Flanders | 1.3 ha | 1 · 694 m² | - |
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.
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MD-Verhuur
BE 0794.807.904
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VDMV SANIRENT
BE 0460.201.850
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Partyboy
BE 1004.645.430
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Of 882 companies in sector 77229 we hold annual accounts for 320. 209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2019
Fiscal year end31-12
Activities, NACEBEL
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.