DENDERGAARD
ActiveSummary
DENDERGAARD has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,166 and a net result of -€3,101. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2025, micro format
Equity
€259,166▼ 1.2%
2024 · €262,266
Total assets
€472,125▼ 0.2%
2024 · €473,156
Net result
-€3,101▲ 37.2%
2024 · -€4,935
Working capital
€219,300
2024 · -€5,600
Trend over the years
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result stays negative: a loss of €2,944 in 2025 against €4,749 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€2,944
2025
Net result-€3,101
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€472,125
2025
Equity€259,166
2025
Debt€212,959
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€219,300
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202320242025
Operating result€449,394--€2,334-€2,653▼ 13.7%€29,394--€4,749-€2,944▲ 38.0%
Net result€447,371--€2,452-€2,899▼ 18.2%€27,277--€4,935-€3,101▲ 37.2%
Equity€21,809-€19,357▼ 11.2%€16,458▼ 15.0%€25,735-€262,266▲ 919%€259,166▼ 1.2%
Total assets€22,971-€21,100▼ 8.1%€17,300▼ 18.0%€83,890-€473,156▲ 464%€472,125▼ 0.2%
Debt€1,162-€1,743▲ 50.0%€842▼ 51.7%€58,155-€210,890▲ 263%€212,959▲ 1.0%
Working capital€21,809-€19,357▼ 11.2%€14,058▼ 27.4%€23,335--€5,600€219,300
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €472,125
Fixed assets
€243,866 ▼ 48.3%
Current assets
€228,259 ▲ 17,592%
Equity and liabilities €472,125
Equity
€259,166 ▼ 1.2%
Debt
€212,959 ▲ 1.0%
Debt's share of the balance-sheet total rises from 44.6% to 45.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
25.48▲
2024 · 0.19
Debt to equity
0.82▲
2024 · 0.80
ROE
-1.2%▲
2024 · -1.9%
ROA
-0.7%▲
2024 · -1.0%
Debt ≤ 1 year
€8,959▲
2024 · €6,890
Debt > 1 year
€204,000=
2024 · €204,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €122 | €272 | - | - |
| Gross operating margin9900 | €451,181 | -€2,153 | -€2,533 | €29,516 | -€4,477 | -€2,944 | ▲ 34.2% |
| Operating profit (loss)9901 | €449,394 | -€2,334 | -€2,653 | €29,394 | -€4,749 | -€2,944 | ▲ 38.0% |
| Recurring financial income75 | - | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €153 | €186 | €157 | ▼ 15.5% |
| Recurring financial charges65 | €861 | €118 | €247 | €153 | €186 | €157 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €448,533 | -€2,452 | -€2,899 | €29,241 | -€4,935 | -€3,101 | ▲ 37.2% |
| Income taxes67/77 | €1,162 | - | - | €1,965 | - | - | - |
| Profit (loss) for the period9904 | €447,371 | -€2,452 | -€2,899 | €27,277 | -€4,935 | -€3,101 | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €447,371 | -€2,452 | -€2,899 | €27,277 | -€4,935 | -€3,101 | ▲ 37.2% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €22,971 | €21,100 | €17,300 | €83,890 | €473,156 | €472,125 | ▼ 0.2% |
| Fixed assets21/28 | - | - | €2,400 | €2,400 | €471,866 | €243,866 | ▼ 48.3% |
| Financial fixed assets28 | - | - | €2,400 | €2,400 | €471,866 | €243,866 | ▼ 48.3% |
| Current assets29/58 | €22,971 | €21,100 | €14,900 | €81,490 | €1,290 | €228,259 | ▲ 17,592% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €228,000 | - |
| Other amounts receivable291 | - | - | - | - | - | €228,000 | - |
| Amounts receivable within one year40/41 | €33 | €21,098 | €95 | €81,397 | €1,290 | €252 | ▼ 80.5% |
| Other amounts receivable41 | - | - | - | €81,397 | €1,290 | €252 | ▼ 80.5% |
| Cash at bank and in hand54/58 | €22,938 | €2 | €14,805 | €93 | - | €7 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €22,971 | €21,100 | €17,300 | €83,890 | €473,156 | €472,125 | ▼ 0.2% |
| Equity10/15 | €21,809 | €19,357 | €16,458 | €25,735 | €262,266 | €259,166 | ▼ 1.2% |
| Contributions10/11 | €20,000 | - | - | €21,809 | €21,809 | €21,809 | = |
| Revaluation surpluses12 | - | - | - | - | €241,466 | €241,466 | = |
| Reserves13 | €1,809 | €1,809 | €1,809 | €3,926 | €3,926 | €3,926 | = |
| Distributable reserves133 | - | - | - | €3,926 | €3,926 | €3,926 | = |
| Profit (loss) carried forward14 | -€393,083 | -€2,452 | -€5,351 | - | -€4,935 | -€8,035 | ▼ 62.8% |
| Amounts payable17/49 | €1,162 | €1,743 | €842 | €58,155 | €210,890 | €212,959 | ▲ 1.0% |
| Amounts payable after more than one year17 | - | - | - | - | €204,000 | €204,000 | = |
| Financial debts170/4 | - | - | - | - | €204,000 | €204,000 | = |
| Amounts payable within one year42/48 | €1,162 | €1,743 | €842 | €58,155 | €6,890 | €8,959 | ▲ 30.0% |
| Trade debts44 | - | €1,743 | €827 | €837 | €4,259 | €1,157 | ▼ 72.8% |
| Suppliers440/4 | - | - | - | €837 | €4,259 | €1,157 | ▼ 72.8% |
| Taxes, remuneration and social security45 | - | - | - | €8,872 | €2,368 | €855 | ▼ 63.9% |
| Taxes450/3 | - | - | - | €8,872 | €2,368 | €855 | ▼ 63.9% |
| Other amounts payable47/48 | - | - | - | €48,446 | €263 | €6,948 | ▲ 2,545% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €447,371 | -€2,452 | -€2,899 | €27,277 | -€4,935 | -€3,101 | ▲ 37.2% |
| Operating cash flow (approximation) | €447,371 | -€2,452 | -€2,899 | €27,277 | -€4,935 | -€3,101 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | - | - | - | -€469,466 | €228,000 | - |
| Change in cash | - | -€22,935 | €14,803 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 06-01-2026 | 2026-00001715 |
| 30-06-2024 | micro format | 10-12-2024 | 2024-00612959 |
| 30-06-2023 | micro format | 02-02-2024 | 2024-00023197 |
| 30-09-2021 | micro format | 31-03-2022 | 2022-10000220 |
| 30-09-2020 | micro format | 29-03-2021 | 2021-09100012 |
| 30-09-2019 | micro format | 31-10-2019 | 2019-72400329 |
| 30-09-2018 | abbreviated format | 21-03-2019 | 2019-07500572 |
| 30-09-2017 | abbreviated format | 02-07-2018 | 2018-27100226 |
| 30-09-2016 | abbreviated format | 28-03-2017 | 2017-07800429 |
| 30-09-2015 | abbreviated format | 01-04-2016 | 2016-09200504 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.