Dender
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €7,834, smaller than the loss of €9,832 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2.2m | - | - |
| Depreciation and write-downs of the year | €115,205 | €84,100 | €84,100 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,205 | €84,100 | €84,100 | = |
| Other operating charges640/8 | €41,004 | €10,613 | €10,527 | ▼ 0.8% |
| Gross operating margin9900 | €159,268 | €84,881 | €86,793 | ▲ 2.3% |
| Operating profit (loss)9901 | €3,059 | -€9,832 | -€7,834 | ▲ 20.3% |
| Financial income75/76B | - | - | €23 | - |
| Recurring financial income75 | - | - | €23 | - |
| Financial charges65/66B | €66 | €41 | €45 | ▲ 9.8% |
| Recurring financial charges65 | €66 | €41 | €45 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €2,993 | -€9,873 | -€7,856 | ▲ 20.4% |
| Income taxes67/77 | €599 | - | - | - |
| Profit (loss) for the period9904 | €2,394 | -€9,873 | -€7,856 | ▲ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €2,394 | -€9,873 | -€7,856 | ▲ 20.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.3m | €2.2m | €2.2m | ▼ 0.4% |
| Fixed assets21/28 | €2.1m | €2.0m | €1.9m | ▼ 4.2% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €1.9m | ▼ 4.2% |
| Land and buildings22 | €2.1m | €2.0m | €1.9m | ▼ 4.2% |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | ▲ 29.9% |
| Amounts receivable within one year40/41 | - | €0.2m | €0.2m | ▲ 26.6% |
| Other amounts receivable41 | - | €0.2m | €0.2m | ▲ 26.6% |
| Cash at bank and in hand54/58 | €0.02m | €303 | €0.03m | ▲ 93× |
| Deferred charges and accrued income490/1 | €0.2m | €0.1m | €0.1m | ▲ 6.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.3m | €2.2m | €2.2m | ▼ 0.4% |
| Equity10/15 | €2.2m | €2.2m | €2.2m | ▼ 0.4% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | = |
| Profit (loss) carried forward14 | €0.002m | -€0.007m | -€0.02m | ▼ 105% |
| Amounts payable17/49 | €0.03m | €0.01m | €0.01m | = |
| Amounts payable within one year42/48 | €0.03m | €0.01m | €0.01m | = |
| Trade debts44 | €0.009m | - | - | - |
| Suppliers440/4 | €0.009m | - | - | - |
| Taxes, remuneration and social security45 | €0.001m | - | - | - |
| Taxes450/3 | €0.001m | - | - | - |
| Other amounts payable47/48 | €0.02m | €0.01m | €0.01m | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,394 | -€9,873 | -€7,856 | ▲ 20.4% |
| + Depreciation and write-downs630 | €115,205 | €84,100 | €84,100 | = |
| Operating cash flow (approximation) | €117,599 | €74,227 | €76,244 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€22,273 | €27,852 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 480 companies had the same profile as Dender has now. Two years later, 0.8% had gone bankrupt and 95.8% were still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dender itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 480 companies, not a prediction for Dender. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.