DENATRA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DENATRA is 0.8% (low). The 2023 annual accounts show negative equity (€-489k) and a net result of €3k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 9% of 900 sector peers (fiscal year 2023). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 900 sector peers (2023).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 393 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-11-2024, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	14-11-2024	106 d late	2024-00600213
31-12-2022	31-07-2023	21-09-2023	52 d late	2023-00450541
31-12-2021	31-07-2022	05-04-2023	248 d late	2023-00056276
31-12-2020	31-07-2021	03-01-2022	156 d late	2022-00300404
31-12-2019	31-07-2020	28-09-2020	59 d late	2020-56100578
31-12-2018	31-07-2019	26-09-2019	57 d late	2019-66200552
31-12-2017	31-07-2018	31-10-2018	92 d late	2018-71200276
31-12-2016	31-07-2017	26-09-2017	57 d late	2017-63400450
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-57000288
31-12-2014	31-07-2015	15-09-2015	46 d late	2015-59200041

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1995, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€3k-98.9%

Working capital€-679k+8.9%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 14-11-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±2.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-35.7%	26.3%	better than 9% of 900 sector peers
Net result	€3k	€23k	better than 36% of 899 sector peers
Equity	€-489k	€148k	better than 5% of 901 sector peers
Gross operating margin	€92k	€178k	better than 39% of 898 sector peers
Employees (FTE)	0.0	2.4	better than 8% of 570 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P9

Stable position over 2020-2023 · n=533-900

Net result P36

Weakening position over 2020-2023 · n=532-899

Equity P5

Stable position over 2020-2023 · n=533-901

Gross operating margin P39

Weakening position over 2020-2023 · n=531-898

Describes the position versus peers, not a forecast.

EBITDA

€91k

-67.9% 18-23

Net profit

€3k

-98.9% 18-23

Cash flow

€76k

-72.1% 18-23

Total assets

€1.37M

-15.7% 18-23

Equity

€-489k

+0.6% 18-23

Working capital

€-679k

+8.9% 18-23

Employees (FTE)

0

- 18-23

Staff costs

€0

- 18-23

Show 10 other metrics

Income taxes

€13k

+81.8% 18-23

Debt

€1.86M

-12.2% 18-23

Debt ≤ 1y

€1.86M

-12.2% 18-23

Current ratio

0.63

-2.1% 18-23

Quick ratio

0.63

-2.1% 18-23

Solvency

-35.7%

-17.9% 18-23

Debt / equity

-3.80

+11.7% 18-23

ROE

-0.6%

+98.8% 18-23

ROA

0.2%

-98.6% 18-23

Interest coverage

41.70

-58.0% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€91k
Net profit	€3k
Cash flow	€76k
Staff costs	-
Income taxes	€13k
Dividends	-
Total assets	€1.37M
Equity	€-489k
Debt	€1.86M
of which ≤ 1y	€1.86M
of which > 1y	-
Working capital	€-679k
Employees (FTE)	0.0

Ratios (computed)

	2023
Current ratio	0.63
Quick ratio	0.63
Working capital ratio	-49.7%
Solvency	-35.7%
Debt / equity	-3.80
Long-term debt ratio	-
Interest coverage	41.70
Gross margin	-
Net margin	-
ROA	0.2%
ROE	-0.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €191k · 13.9% Current assets €1.18M · 86.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.37M
Fixed assets	21/28	€191k
Tangible fixed assets	22/27	€191k
Current assets	29/58	€1.18M
Amounts receivable within one year	40/41	€1.17M
Cash & bank	54/58	€76
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.37M
Equity	10/15	€-489k
Contributions / capital	10/11	€856k
Reserves	13	€14k
Accumulated profits (losses)	14	€-1.36M
Amounts payable	17/49	€1.86M
Amounts payable within one year	42/48	€1.86M
Trade debts payable within one year	44	€118k
Income statement
Gross operating margin	9900	€92k
Operating result	9901	€18k
Financial income	75	€0
Financial charges	65	€2k
Result before taxes	9903	€16k
Income taxes	67/77	€13k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

13 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

DENATRA

Kragenheule 5, 8300 Knokke-HeistOpslag

since 19952.071.121.036

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area187 m²

Buildings1

Building footprint77 m²

Volume (LiDAR)582 m³

Tallest building11.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31039A0161/00W000	Flanders	187 m²	1 · 77 m²	11.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

41 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 13

Profitability 0

Solvency 36

Growth 58

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 112 of the 1,562 companies in this sector. 64 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Niet-gespecialiseerde groothandel46900Overige groothandel51900

Primary activity highlighted.

Names & trade names

Legal nameNL

DENATRA

Registered office

Kragenheule 5

8300 Knokke-Heist, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.