DEN OUWE
ActiveSummary
DEN OUWE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €435k and a net result of €122k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+11
Solvency88▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.46 in 2024; short-term debt: 24.5% and cash: 45.6% of total assets), and 36.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
63.3%
Return on assets
17.8%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-12-2025, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
131 d early
2023
98 d early
2022
94 d early
2021
78 d early
2020
38 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€435k▲ 39.0%
2024 · €313k
2018: €128klowest in 8 years
2019: €141k▲ +10.2% vs 2018
2020: €164k▲ +17.0% vs 2019
2021: €189k▲ +14.7% vs 2020
2022: €220k▲ +16.9% vs 2021
2023: €257k▲ +16.8% vs 2022
2024: €313k▲ +21.6% vs 2023
2025: €435k▲ +39.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€688k▲ 16.3%
2024 · €591k
2018: €390k
2019: €380k▼ -2.5% vs 2018lowest in 8 years
2020: €385k▲ +1.3% vs 2019
2021: €415k▲ +7.8% vs 2020
2022: €427k▲ +3.0% vs 2021
2023: €546k▲ +27.7% vs 2022
2024: €591k▲ +8.4% vs 2023
2025: €688k▲ +16.3% vs 2024highest in 8 years
2018 → 2025
Net result
€122k▲ 120%
2024 · €56k
2018: €5klowest in 8 years
2019: €13k▲ +154% vs 2018
2020: €24k▲ +83.5% vs 2019
2021: €24k▲ +0.9% vs 2020
2022: €32k▲ +31.8% vs 2021
2023: €37k▲ +16.7% vs 2022
2024: €56k▲ +49.8% vs 2023
2025: €122k▲ +120% vs 2024highest in 8 years
2018 → 2025
Working capital
€176k▲ 142%
2024 · €73k
2018: €-63klowest in 8 years
2019: €-56k▲ +11.5% vs 2018
2020: €-50k▲ +10.4% vs 2019
2021: €-32k▲ +36.1% vs 2020
2022: €-2k▲ +92.6% vs 2021
2023: €21k▲ +997% vs 2022
2024: €73k▲ +246% vs 2023
2025: €176k▲ +142% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€220k▲ 16.9%€257k▲ 16.8%€313k▲ 21.6%€435k▲ 39.0%
2021: €189klowest in 5 years
2022: €220k▲ +16.9% vs 2021
2023: €257k▲ +16.8% vs 2022
2024: €313k▲ +21.6% vs 2023
2025: €435k▲ +39.0% vs 2024highest in 5 years
Operating result€42k-€57k▲ 37.9%€77k▲ 33.9%€96k▲ 25.7%€194k▲ 102%
2021: €42klowest in 5 years
2022: €57k▲ +37.9% vs 2021
2023: €77k▲ +33.9% vs 2022
2024: €96k▲ +25.7% vs 2023
2025: €194k▲ +102% vs 2024highest in 5 years
Net result€24k-€32k▲ 31.8%€37k▲ 16.7%€56k▲ 49.8%€122k▲ 120%
2021: €24klowest in 5 years
2022: €32k▲ +31.8% vs 2021
2023: €37k▲ +16.7% vs 2022
2024: €56k▲ +49.8% vs 2023
2025: €122k▲ +120% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 102% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€343k ▼ 5.0%
Current assets
€345k ▲ 49.7%
Equity and liabilities €688k
Equity
€435k ▲ 39.0%
Debt
€253k ▼ 9.2%
Debt's share of the balance-sheet total falls from 47.1% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2024 · €122k
Cash flow
€149k▲
2024 · €82k
Current ratio
2.04▲
2024 · 1.46
Quick ratio
1.89▲
2024 · 1.31
Debt to equity
0.58▼
2024 · 0.89
ROE
28.1%▲
2024 · 17.8%
ROA
17.8%▲
2024 · 9.4%
Interest coverage
18.12▲
2024 · 8.70
Debt ≤ 1 year
€169k▲
2024 · €158k
Debt > 1 year
€84k▼
2024 · €120k
Income taxes
€60k▲
2024 · €27k
Staff costs
€57k▼
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€591k€688k▲
Fixed assets21/28€361k€343k▼
Intangible fixed assets21€29k€24k▼
Tangible fixed assets22/27€331k€319k▼
Land and buildings22€292k€281k▼
Plant, machinery and equipment23€37k€36k▼
Furniture and vehicles24€2k€2k▲
Current assets29/58€230k€345k▲
Stocks and contracts in progress3€23k€26k▲
Stocks30/36€23k€26k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€3k€6k▲
Other amounts receivable41-€11
Cash at bank and in hand54/58€204k€314k▲
Deferred charges and accrued income490/1€249€0▼
Equity and liabilities
Total equity and liabilities10/49€591k€688k▲
Equity10/15€313k€435k▲
Contributions10/11€43k€43k=
Reserves13€270k€392k▲
Distributable reserves133€270k€392k▲
Profit (loss) carried forward14€407€407=
Amounts payable17/49€278k€253k▼
Amounts payable after more than one year17€120k€84k▼
Financial debts170/4€96k€70k▼
Other amounts payable178/9€25k€14k▼
Amounts payable within one year42/48€158k€169k▲
Current portion of amounts payable after more than one year42€35k€37k▲
Financial debts43€3k€5k▲
Credit institutions430/8€3k€5k▲
Trade debts44€37k€41k▲
Suppliers440/4€37k€41k▲
Taxes, remuneration and social security45€38k€51k▲
Taxes450/3€28k€44k▲
Remuneration and social security454/9€10k€7k▼
Other amounts payable47/48€44k€36k▼
Accrued charges and deferred income492/3€68€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€78k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€27k▲
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A-€811
Gross operating margin9900€206k€286k▲
Operating profit (loss)9901€96k€194k▲
Financial income75/76B€193€0▼
Recurring financial income75€193€0▼
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€82k€182k▲
Income taxes67/77€27k€60k▲
Profit (loss) for the period9904€56k€122k▲
Profit (loss) for the period to be appropriated9905€56k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€123k▲
Profit (loss) brought forward from the previous period14P€407€407=
Transfer to equity691/2€56k€122k▲
To other reserves6921€56k€122k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €23k | €61k | €78k | €57k | ▼ 26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €25k | €26k | €27k | ▲ 4.1% |
| Other operating charges640/8 | - | €6k | €7k | €6k | €7k | ▲ 12.8% |
| Non-recurring operating charges66A | - | - | - | - | €811 | - |
| Gross operating margin9900 | €69k | €104k | €170k | €206k | €286k | ▲ 38.7% |
| Operating profit (loss)9901 | €42k | €57k | €77k | €96k | €194k | ▲ 102% |
| Financial income75/76B | - | €521 | €61 | €193 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €521 | €61 | €193 | €0 | ▼ 100% |
| Financial charges65/66B | - | €10k | €21k | €14k | €12k | ▼ 13.2% |
| Recurring financial charges65 | €13k | €10k | €21k | €14k | €12k | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €28k | €47k | €55k | €82k | €182k | ▲ 121% |
| Income taxes67/77 | €4k | €16k | €18k | €27k | €60k | ▲ 123% |
| Profit (loss) for the period9904 | €24k | €32k | €37k | €56k | €122k | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €24k | €32k | €37k | €56k | €122k | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415k | €427k | €546k | €591k | €688k | ▲ 16.3% |
| Fixed assets21/28 | €354k | €339k | €377k | €361k | €343k | ▼ 5.0% |
| Intangible fixed assets21 | - | - | €35k | €29k | €24k | ▼ 19.4% |
| Tangible fixed assets22/27 | €354k | €339k | €342k | €331k | €319k | ▼ 3.7% |
| Land and buildings22 | - | €315k | €303k | €292k | €281k | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €19k | €35k | €37k | €36k | ▼ 2.6% |
| Furniture and vehicles24 | - | €5k | €4k | €2k | €2k | ▲ 1.4% |
| Current assets29/58 | €61k | €89k | €169k | €230k | €345k | ▲ 49.7% |
| Stocks and contracts in progress3 | €8k | €10k | €16k | €23k | €26k | ▲ 10.5% |
| Stocks30/36 | - | €10k | €16k | €23k | €26k | ▲ 10.5% |
| Amounts receivable within one year40/41 | €4k | €182 | €840 | €3k | €6k | ▲ 81.2% |
| Trade receivables40 | - | €182 | €703 | €3k | €6k | ▲ 80.8% |
| Other amounts receivable41 | - | - | €137 | - | €11 | - |
| Cash at bank and in hand54/58 | €49k | €78k | €152k | €204k | €314k | ▲ 53.8% |
| Deferred charges and accrued income490/1 | - | €1k | €162 | €249 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415k | €427k | €546k | €591k | €688k | ▲ 16.3% |
| Equity10/15 | €189k | €220k | €257k | €313k | €435k | ▲ 39.0% |
| Contributions10/11 | - | €43k | €43k | €43k | €43k | = |
| Reserves13 | €145k | €177k | €214k | €270k | €392k | ▲ 45.3% |
| Distributable reserves133 | - | €177k | €214k | €270k | €392k | ▲ 45.3% |
| Profit (loss) carried forward14 | €407 | €407 | €407 | €407 | €407 | = |
| Amounts payable17/49 | €226k | €207k | €288k | €278k | €253k | ▼ 9.2% |
| Amounts payable after more than one year17 | €134k | €116k | €140k | €120k | €84k | ▼ 30.4% |
| Financial debts170/4 | - | €116k | €105k | €96k | €70k | ▼ 26.7% |
| Other amounts payable178/9 | - | - | €36k | €25k | €14k | ▼ 44.4% |
| Amounts payable within one year42/48 | €93k | €91k | €148k | €158k | €169k | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | - | €18k | €30k | €35k | €37k | ▲ 4.1% |
| Financial debts43 | - | €1k | €1k | €3k | €5k | ▲ 95.8% |
| Credit institutions430/8 | - | €1k | €1k | €3k | €5k | ▲ 95.8% |
| Trade debts44 | €10k | €6k | €31k | €37k | €41k | ▲ 8.2% |
| Suppliers440/4 | - | €6k | €31k | €37k | €41k | ▲ 8.2% |
| Advances received on contracts in progress46 | - | - | €2k | - | - | - |
| Taxes, remuneration and social security45 | - | €15k | €33k | €38k | €51k | ▲ 34.2% |
| Taxes450/3 | - | €11k | €26k | €28k | €44k | ▲ 56.8% |
| Remuneration and social security454/9 | - | €3k | €7k | €10k | €7k | ▼ 31.6% |
| Other amounts payable47/48 | - | €52k | €51k | €44k | €36k | ▼ 20.1% |
| Accrued charges and deferred income492/3 | - | €82 | €68 | €68 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €32k | €37k | €56k | €122k | ▲ 120% |
| + Depreciation and write-downs630 | €17k | €18k | €25k | €26k | €27k | ▲ 4.1% |
| Operating cash flow (approximation) | €41k | €50k | €62k | €82k | €149k | ▲ 82.9% |
| Investment in fixed assets (approximation) | - | €-3k | €-63k | €-10k | €-9k | ▲ 5.9% |
| Change in cash | - | €29k | €74k | €52k | €110k | ▲ 111% |
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
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2018net €122k ▲120%
Operating result €194k, net result €122k, both a record.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200kEq €220k ▲16.9%
5 profitable years in a row build equity to €220k.
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €164k ▲17%
3 profitable years in a row build equity to €164k.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Kalmthout · 2 establishment units since 2008
Ground area
2,082 m²
Building footprint
881 m²
Volume, LiDAR
4,375 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Den Ouwe
since 20082.169.318.985
't Centrum
since 20222.337.880.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022F0001/00H138 | Flanders | 1,100 m² | 1 · 571 m² | 10.7 m · 1 fl. |
| 11022F0013/00E002 | Flanders | 981 m² | 1 · 310 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKalmthout2.169.318.985
Kalmthout2.337.880.142
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Middelkerke · Eq €436k
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PLUIM SOFIE
BE 0771.297.478
Duffel · Eq €437k
Hoge Dijk
BE 0629.926.611
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LA FORET
BE 0476.317.510
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 2,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-02-2008
Fiscal year end30-09
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.