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DEN EETWAGON

Active
Private limited companyfounded 2018active for 7 yearsOude Braak 10, 2310 Rijkevorsel, BelgiumKBO/BCE: BE 0716.707.462
Summary

DEN EETWAGON has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,385 and a net result of €160,838. Equity is growing by about 38% per year across the filed financial years. Its solvency ranks better than 58% of 946 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, full format

2025 annual accounts filed late (6 days) Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384859.

Turnover
≈ €810,000
Estimated: probably between €670,000 and €900,000
EBIT margin
Not included in this filing
Net result
€160,838▲ 12.7%
2024 · €142,760
Working capital
-€93,160
2024 · €18,326
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€206,029 2025 Net result€160,838 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€55,720--€3,105€41,450€112,363▲ 171%€99,544▼ 11.4%€191,195▲ 92.1%€206,029▲ 7.8%
Net result€43,736--€3,840within the sector's middle half€39,756above the sector's middle half€91,987above the sector's middle half▲ 131%€73,371above the sector's middle half▼ 20.2%€142,760above the sector's middle half▲ 94.6%€160,838above the sector's middle half▲ 12.7%
Equity€49,936-€46,096within the sector's middle half▼ 7.7%€85,852above the sector's middle half▲ 86.2%€177,839above the sector's middle half▲ 107%€263,610above the sector's middle half▲ 48.2%€247,547above the sector's middle half▼ 6.1%€171,385within the sector's middle half▼ 30.8%
Total assets€102,091-€81,117within the sector's middle half▼ 20.5%€116,353within the sector's middle half▲ 43.4%€304,938above the sector's middle half▲ 162%€370,093above the sector's middle half▲ 21.4%€359,332above the sector's middle half▼ 2.9%€451,218within the sector's middle half▲ 25.6%
Debt€52,156-€35,021▼ 32.9%€30,501▼ 12.9%€127,098▲ 317%€106,483▼ 16.2%€111,786▲ 5.0%€279,833▲ 150%
Working capital€11,933-€12,655within the sector's middle half▲ 6.1%€47,230above the sector's middle half▲ 273%-€13,274within the sector's middle half€78,185above the sector's middle half€18,326within the sector's middle half▼ 76.6%-€93,160within the sector's middle half
Solvency48.9%-56.8%within the sector's middle half▲ 7.9pp73.8%above the sector's middle half▲ 17.0pp58.3%above the sector's middle half▼ 15.5pp71.2%above the sector's middle half▲ 12.9pp68.9%above the sector's middle half▼ 2.3pp38.0%within the sector's middle half▼ 30.9pp
Current ratio1.58-1.93within the sector's middle half▲ 0.363.45above the sector's middle half▲ 1.520.89within the sector's middle half▼ 2.561.73within the sector's middle half▲ 0.841.16within the sector's middle half▼ 0.570.67within the sector's middle half▼ 0.50
Return on assets (ROA)42.8%--4.7%within the sector's middle half▼ 47.6pp34.2%above the sector's middle half▲ 38.9pp30.2%above the sector's middle half▼ 4.0pp19.8%above the sector's middle half▼ 10.3pp39.7%above the sector's middle half▲ 19.9pp35.6%above the sector's middle half▼ 4.1pp
Staff (FTE)0.3-0.1below the sector's middle half▼ 66.7%1▲ 900%0.2▼ 80.0%0.2=0.9▲ 350%0.4below the sector's middle half▼ 55.6%
above within below the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451,218
Fixed assets €264,545 ▲ 15.4%
Current assets €186,674 ▲ 43.5%
Equity and liabilities €451,218
Equity €171,385 ▼ 30.8%
Debt €279,833 ▲ 150%
Debt's share of the balance-sheet total rises from 31.1% to 62.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€259,128▲
2024 · €237,646
Cash flow
€213,938▲
2024 · €189,211
Debt to equity
1.63▲
2024 · 0.45
ROE
93.8%▲
2024 · 57.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€279,833▲
2024 · €111,786
Income taxes
€45,164▼
2024 · €48,306
Staff costs
€22,228▲
2024 · €14,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% 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 0.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 26,972 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€359,332€451,218▲
Fixed assets21/28€229,220€264,545▲
Intangible fixed assets21€71,894€60,466▼
Tangible fixed assets22/27€157,326€204,079▲
Land and buildings22€1,523€969▼
Plant, machinery and equipment23€32,123€76,624▲
Furniture and vehicles24€123,681€126,486▲
Current assets29/58€130,112€186,674▲
Amounts receivable within one year40/41€39,070€21,261▼
Trade receivables40€26,011€21,261▼
Other amounts receivable41€13,059-
Cash at bank and in hand54/58€87,330€159,740▲
Deferred charges and accrued income490/1€3,712€5,672▲
Equity and liabilities
Total equity and liabilities10/49€359,332€451,218▲
Equity10/15€247,547€171,385▼
Contributions10/11€18,600€18,600=
Contributions outside capital11€18,600€18,600=
Other1109/19€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€227,087€150,925▼
Amounts payable17/49€111,786€279,833▲
Amounts payable within one year42/48€111,786€279,833▲
Trade debts44€56,536€46,668▼
Suppliers440/4€56,536€46,668▼
Taxes, remuneration and social security45€55,249€87,031▲
Taxes450/3€54,798€86,953▲
Remuneration and social security454/9€452€77▼
Other amounts payable47/48-€146,135
Income statement Code20242025
Non-recurring operating income76A-€3,011
Goods, raw materials, services and sundry goods60/61€305,863€340,342▲
Remuneration, social security and pensions62€14,421€22,228▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,451€53,100▲
Other operating charges640/8€2,066€2,305▲
Gross operating margin9900€254,133€283,662▲
Operating profit (loss)9901€191,195€206,029▲
Financial income75/76B€15€127▲
Recurring financial income75€15€127▲
Financial charges65/66B€144€154▲
Recurring financial charges65€144€154▲
Profit (loss) for the period before taxes9903€191,066€206,002▲
Income taxes67/77€48,306€45,164▼
Profit (loss) for the period9904€142,760€160,838▲
Profit (loss) for the period to be appropriated9905€142,760€160,838▲
Appropriation of the result
Profit (loss) to be appropriated9906€385,910€387,925▲
Profit (loss) brought forward from the previous period14P€243,150€227,087▼
Profit to be distributed694/7€158,824€237,000▲
Return on contributions (dividend)694€158,824€225,000▲
Directors or managers695-€12,000
Social balance sheet
Average headcount (FTE)9087-0.4

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A------€3,011-
Goods, raw materials, services and sundry goods60/61--€96,827€227,979€284,893€305,863€340,342▲ 11.3%
Remuneration, social security and pensions62--€2,996€3,711€6,807€14,421€22,228▲ 54.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,619€25,234€27,606€41,264€40,765€46,451€53,100▲ 14.3%
Other operating charges640/8--€1,007€1,780€1,716€2,066€2,305▲ 11.6%
Gross operating margin9900€91,199€23,990€73,059€159,117€148,833€254,133€283,662▲ 11.6%
Operating profit (loss)9901€55,720-€3,105€41,450€112,363€99,544€191,195€206,029▲ 7.8%
Financial income75/76B--€0€1€4€15€127▲ 773%
Recurring financial income75€2€14€0€1€4€15€127▲ 773%
Financial charges65/66B--€588€481€308€144€154▲ 7.5%
Recurring financial charges65€900€749€588€481€308€144€154▲ 7.5%
Profit (loss) for the period before taxes9903€54,822-€3,840€40,862€111,883€99,239€191,066€206,002▲ 7.8%
Income taxes67/77€11,087-€1,105€19,895€25,868€48,306€45,164▼ 6.5%
Profit (loss) for the period9904€43,736-€3,840€39,756€91,987€73,371€142,760€160,838▲ 12.7%
Profit (loss) for the period to be appropriated9905€43,736-€3,840€39,756€91,987€73,371€142,760€160,838▲ 12.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€102,091€81,117€116,353€304,938€370,093€359,332€451,218▲ 25.6%
Fixed assets21/28€69,410€54,884€49,873€191,988€185,426€229,220€264,545▲ 15.4%
Intangible fixed assets21€8,571€7,143€5,714€94,751€83,323€71,894€60,466▼ 15.9%
Tangible fixed assets22/27€60,838€47,741€44,158€97,236€102,103€157,326€204,079▲ 29.7%
Land and buildings22--€2,710€1,893€1,077€1,523€969▼ 36.4%
Plant, machinery and equipment23--€13,712€26,194€32,879€32,123€76,624▲ 139%
Furniture and vehicles24--€27,736€69,149€68,148€123,681€126,486▲ 2.3%
Current assets29/58€32,681€26,234€66,480€112,950€184,667€130,112€186,674▲ 43.5%
Amounts receivable within one year40/41€14,052€6,979€24,791€39,508€142,376€39,070€21,261▼ 45.6%
Trade receivables40--€9,392€19,102€19,383€26,011€21,261▼ 18.3%
Other amounts receivable41--€15,399€20,406€122,993€13,059--
Cash at bank and in hand54/58€18,630€19,064€41,351€72,924€39,980€87,330€159,740▲ 82.9%
Deferred charges and accrued income490/1--€339€517€2,311€3,712€5,672▲ 52.8%
Equity and liabilities
Total equity and liabilities10/49€102,091€81,117€116,353€304,938€370,093€359,332€451,218▲ 25.6%
Equity10/15€49,936€46,096€85,852€177,839€263,610€247,547€171,385▼ 30.8%
Contributions10/11€6,200-€6,200€6,200€18,600€18,600€18,600=
Contributions outside capital11--€6,200€6,200€18,600€18,600€18,600=
Other1109/19--€6,200€6,200€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€41,876€38,036€77,792€169,779€243,150€227,087€150,925▼ 33.5%
Amounts payable17/49€52,156€35,021€30,501€127,098€106,483€111,786€279,833▲ 150%
Amounts payable after more than one year17€31,407€21,443€11,251€874----
Financial debts170/4--€11,251€874----
Amounts payable within one year42/48€20,749€13,578€19,250€126,224€106,483€111,786€279,833▲ 150%
Current portion of amounts payable after more than one year42--€10,176€10,377€874---
Trade debts44€6,881€2,528€6,811€115,526€77,209€56,536€46,668▼ 17.5%
Suppliers440/4--€6,811€115,526€77,209€56,536€46,668▼ 17.5%
Taxes, remuneration and social security45--€263€321€28,399€55,249€87,031▲ 57.5%
Taxes450/3--€263-€27,668€54,798€86,953▲ 58.7%
Remuneration and social security454/9---€321€731€452€77▼ 82.9%
Other amounts payable47/48--€2,000---€146,135-
Line2019202020212022202320242025Change
Profit (loss) for the period9904€43,736-€3,840€39,756€91,987€73,371€142,760€160,838▲ 12.7%
+ Depreciation and write-downs630€30,619€25,234€27,606€41,264€40,765€46,451€53,100▲ 14.3%
Operating cash flow (approximation)€74,355€21,394€67,362€133,251€114,136€189,211€213,938▲ 13.1%
Investment in fixed assets (approximation)--€10,707-€22,595-€183,379-€34,203-€90,246-€88,424▲ 2.0%
Change in cash-€434€22,287€31,574-€32,945€47,350€72,410▲ 52.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2025 full format 06-08-2026 2026-00384859
31-12-2024 micro format 31-07-2025 2025-00362476
31-12-2023 micro format 01-08-2024 2024-00328095
31-12-2022 micro format 16-08-2023 2023-00332735
31-12-2021 micro format 24-08-2022 2022-20318741
31-12-2020 micro format 15-07-2021 2021-35700547
31-12-2019 micro format 22-07-2020 2020-32800574

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.