DEN ENGEL
InactiveInactive since 12-09-2026; last annual accounts for fiscal year 2023. Dissolved and wound up in a single deed on 09-09-2026; books and records kept in Brugge.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
24 d late
2021
11 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€130,807▲ 21.2%
2022 · €107,907
Total assets
€138,199▲ 21.0%
2022 · €114,260
Net result
€22,900▲ 964%
2022 · €2,153
Working capital
€126,286▲ 25.6%
2022 · €100,542
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€47,868▲ 5.2%€46,486▼ 2.9%€85,962▲ 84.9%€9,660▼ 88.8%€36,952▲ 283%
Net result€27,848▲ 43.2%€31,204above the sector's middle half▲ 12.0%€56,163above the sector's middle half▲ 80.0%€2,153within the sector's middle half▼ 96.2%€22,900within the sector's middle half▲ 964%
Equity€17,876€49,079within the sector's middle half▲ 175%€105,243within the sector's middle half▲ 114%€107,907within the sector's middle half▲ 2.5%€130,807within the sector's middle half▲ 21.2%
Total assets€27,885▼ 4.6%€68,973within the sector's middle half▲ 147%€116,833within the sector's middle half▲ 69.4%€114,260within the sector's middle half▼ 2.2%€138,199within the sector's middle half▲ 21.0%
Debt€10,009▼ 74.5%€19,894▲ 98.8%€11,590▼ 41.7%€6,353▼ 45.2%€7,392▲ 16.4%
Working capital€13,213€40,234within the sector's middle half▲ 205%€97,254within the sector's middle half▲ 142%€100,542within the sector's middle half▲ 3.4%€126,286above the sector's middle half▲ 25.6%
Solvency64.1%▲ 98.2pp71.2%above the sector's middle half▲ 7.1pp90.1%above the sector's middle half▲ 18.9pp94.4%above the sector's middle half▲ 4.4pp94.7%above the sector's middle half▲ 0.2pp
Current ratio2.32▲ 1.623.02within the sector's middle half▲ 0.709.39above the sector's middle half▲ 6.3716.83above the sector's middle half▲ 7.4418.09above the sector's middle half▲ 1.26
Return on assets (ROA)99.9%▲ 33.4pp45.2%above the sector's middle half▼ 54.6pp48.1%above the sector's middle half▲ 2.8pp1.9%within the sector's middle half▼ 46.2pp16.6%above the sector's middle half▲ 14.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 283% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €138,199
Fixed assets
€4,521 ▼ 38.6%
Current assets
€133,677 ▲ 25.1%
Equity and liabilities €138,199
Equity
€130,807 ▲ 21.2%
Debt
€7,392 ▲ 16.4%
Debt's share of the balance-sheet total falls from 5.6% to 5.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39,796▲
2022 · €12,220
Cash flow
€25,744▲
2022 · €4,714
Debt to equity
0.06▼
2022 · 0.06
ROE
17.5%▲
2022 · 2.0%
Interest coverage
11.13▼
2022 · 19.97
Debt ≤ 1 year
€7,392▲
2022 · €6,353
Income taxes
€11,545▲
2022 · €6,895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €400 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,826 | €2,343 | €2,308 | €2,561 | €2,844 | ▲ 11.1% |
| Other operating charges640/8 | - | - | €528 | €236 | €785 | ▲ 232% |
| Gross operating margin9900 | €52,815 | €48,992 | €88,797 | €12,456 | €40,581 | ▲ 226% |
| Operating profit (loss)9901 | €47,868 | €46,486 | €85,962 | €9,660 | €36,952 | ▲ 283% |
| Financial income75/76B | - | - | €210 | €0 | €1,070 | - |
| Recurring financial income75 | €30 | €83 | €210 | €0 | €1,070 | - |
| Financial charges65/66B | - | - | €463 | €612 | €3,577 | ▲ 485% |
| Recurring financial charges65 | €595 | €259 | €463 | €612 | €3,577 | ▲ 485% |
| Profit (loss) for the period before taxes9903 | €47,303 | €46,311 | €85,709 | €9,048 | €34,445 | ▲ 281% |
| Income taxes67/77 | €19,454 | €15,107 | €29,545 | €6,895 | €11,545 | ▲ 67.4% |
| Profit (loss) for the period9904 | €27,848 | €31,204 | €56,163 | €2,153 | €22,900 | ▲ 964% |
| Profit (loss) for the period to be appropriated9905 | €27,848 | €31,204 | €56,163 | €2,153 | €22,900 | ▲ 964% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,885 | €68,973 | €116,833 | €114,260 | €138,199 | ▲ 21.0% |
| Fixed assets21/28 | €4,663 | €8,845 | €7,989 | €7,366 | €4,521 | ▼ 38.6% |
| Tangible fixed assets22/27 | €4,663 | €8,845 | €7,989 | €7,366 | €4,521 | ▼ 38.6% |
| Land and buildings22 | - | - | €1,810 | €1,321 | €832 | ▼ 37.0% |
| Plant, machinery and equipment23 | - | - | - | €1,833 | €1,446 | ▼ 21.1% |
| Furniture and vehicles24 | - | - | €6,180 | €4,212 | €2,244 | ▼ 46.7% |
| Current assets29/58 | €23,222 | €60,128 | €108,844 | €106,894 | €133,677 | ▲ 25.1% |
| Amounts receivable within one year40/41 | - | €8,527 | €5,081 | €3,365 | €51,868 | ▲ 1,442% |
| Trade receivables40 | - | - | €0 | - | €4,863 | - |
| Other amounts receivable41 | - | - | €5,081 | €3,365 | €47,005 | ▲ 1,297% |
| Current investments50/53 | €19,441 | €47,289 | €78,493 | €78,493 | €78,493 | = |
| Cash at bank and in hand54/58 | €2,946 | €3,525 | €24,498 | €10,037 | €3,317 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | - | - | €772 | €15,000 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,885 | €68,973 | €116,833 | €114,260 | €138,199 | ▲ 21.0% |
| Equity10/15 | €17,876 | €49,079 | €105,243 | €107,907 | €130,807 | ▲ 21.2% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €47,309 | €78,513 | €135,188 | €137,341 | €137,341 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €133,328 | €135,481 | €135,481 | = |
| Profit (loss) carried forward14 | -€41,834 | -€41,834 | -€42,345 | -€41,834 | -€18,934 | ▲ 54.7% |
| Amounts payable17/49 | €10,009 | €19,894 | €11,590 | €6,353 | €7,392 | ▲ 16.4% |
| Amounts payable within one year42/48 | €10,009 | €19,894 | €11,590 | €6,353 | €7,392 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | - | - | €1,592 | €1,592 | €0 | ▼ 100% |
| Financial debts43 | - | - | €0 | - | €4,650 | - |
| Credit institutions430/8 | - | - | €0 | - | €4,650 | - |
| Trade debts44 | €267 | €629 | €1,168 | €2,401 | €1,752 | ▼ 27.0% |
| Suppliers440/4 | - | - | €1,168 | €2,401 | €1,752 | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | - | €8,729 | €133 | €990 | ▲ 643% |
| Taxes450/3 | - | - | €8,729 | €133 | €990 | ▲ 643% |
| Other amounts payable47/48 | - | - | €100 | €2,226 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,848 | €31,204 | €56,163 | €2,153 | €22,900 | ▲ 964% |
| + Depreciation and write-downs630 | €1,826 | €2,343 | €2,308 | €2,561 | €2,844 | ▲ 11.1% |
| Operating cash flow (approximation) | €29,674 | €33,547 | €58,471 | €4,714 | €25,744 | ▲ 446% |
| Investment in fixed assets (approximation) | - | -€6,526 | -€1,452 | -€1,937 | €0 | ▲ 100% |
| Change in cash | - | €578 | €20,973 | -€14,461 | -€6,720 | ▲ 53.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
15-09
State Gazette act
Legal-form change · End & cessationResignation: Mostaert Jan (director) · Legal-form conversion · Capital conversion15 facts ▸
State Gazette act
Legal-form change · End & cessation
Resignation: Mostaert Jan (director) · Legal-form conversion · Capital conversion15 facts ▸
- General meeting, 09-09-2026
- Legal-form conversion, besloten vennootschap
- Capital conversion, Onbeschikbare inbreng buiten kapitaal - Andere
- Capital conversion, Statutair onbeschikbare reserves
- Other statement, waarneming bijzondere verslagen, artikel 2:71 §2 WVV
- Other statement, waarneming verslag bedrijfsrevisor, 15-07-2026
- Dissolution, 09-09-2026
- Other statement, goedkeuring jaarrekeningen, jaarrekening laatste boekjaar en verkorte jaarrekening lopend boekjaar
- Director resignation, Mostaert Jan (director)
- Liquidation distribution, staat van actief en passief per 3 juli 2026, afsluiten bankrekeningen en toedelen positief saldo
- Liquidation closure, overgang onder algemene titel naar aandeelhouders
- Power of attorney, Elisabeth LOMMÉE
- +3 further facts in this act
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €2,153 ▼96.2%
Net result drops to €2,153, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €56,163 ▲80%
Operating result €85,962, net result €56,163, both a record.
31-12
Financial
Liquidity triplescurrent ratio 9.39
Current ratio from 3.02 to 9.39; short-term debt falls from €19,894 to €11,590.
31-12
Financial
Equity above €100,000Eq €105,243 ▲114%
4 profitable years in a row build equity to €105,243.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 2.32
Current ratio from 0.70 to 2.32; short-term debt falls from €32,544 to €10,009.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Show earlier events
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge
Ground area
598 m²
Building footprint
101 m²
Volume, LiDAR
672 m³
Parcel 31029C0437/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0437/00R000 | Flanders | 598 m² | 1 · 101 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mostaert Jan |
|
Articles of association
Custody of records
Griffie van de ondernemingsrechtbank, ondergetekende notaris
8310 Brugge (Sint-Kruis), Damse Vaart-Zuid 97, wettelijk voorgeschreven termijn(en)
Liquidation rule
Sluiting vereffening in één akte, aan alle voorwaarden voldaan
Other statement
Som van terugbetaalde inbreng en aandeel in vereffeningssaldo, aansprakelijkheid aandeelhouders
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 15-09-2026 Converted to unavailable equity · 12,400 EUR
- 15-09-2026 Converted to unavailable equity · 1,860 EUR
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
43350Other building finishing work
46494Wholesale of non-electrical household articles
47512Retail sale of household textiles and bedding
47552Retail sale of lighting equipment
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.