Public limited company · founded 2008 · 17 yrs activeTragel 60, 9308 Aalst, BelgiumKBO/BCE: BE 0808.778.476
Summary
Denderoever has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4.9m) and a net result of -€523,549. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability0▼-33
Solvency0▼-28
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 1.03 in 2024; short-term debt: 576.5% and cash: 67.4% of total assets), and equity is negative.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
Denderoever was incorporated on 30 December 2008.1In 2016 the capital was increased by EUR 700,000 to EUR 762,500.2The registered office moved to Antwerpen in 2017, to Sint-Lambrechts-Woluwe in 2017 and to Aalst in 2025.345The board currently has 4 members; VAN dE VIJVER Mathias has served longest, since 2017.5Revenue fell from EUR 932,636 in 2018 to EUR 6,799 in 2022.6
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Working capital€1.8m▼ 1.6%€1.8m▼ 0.3%€1.8m▼ 0.3%€183,070▼ 89.9%-€4.9m
Solvency6.8%▼ 1.2pp6.7%▼ 0.1pp4.8%▼ 2.0pp3.3%below the sector's middle half▼ 1.5pp-476.5%below the sector's middle half▼ 479.7pp
abovewithinbelowthe middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2025Net result -402% on 2024.The accounts now follow the full schema, last year the abbreviated schema.
2021Turnover -95% on 2020.The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €340,254 in 2025 against €3,852 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.17▼
2024 · 1.03
Quick ratio
0.12▼
2024 · 0.14
Debt to equity
-1.21▼
2024 · 29.70
ROA
-50.7%▼
2024 · -1.9%
Debt ≤ 1 year
€6.0m▲
2024 · €5.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 598 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
Small
10 to 20 years old
negative equity
a loss of 10% of the balance sheet or more
8.5%went bankrupt
5.9%stopped otherwise
83%still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.6%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 598 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 32 lines
Balance sheetCode20242025
Assets
Total assets20/58€5.6m€1.0m▼
Current assets29/58€5.6m€1.0m▼
Stocks and contracts in progress3€4.9m€301,780▼
Stocks30/36€4.9m€301,780▼
Amounts receivable within one year40/41€181,761€35,272▼
Trade receivables40€76-
Other amounts receivable41€181,685€35,272▼
Cash at bank and in hand54/58€556,167€695,992▲
Equity and liabilities
Total equity and liabilities10/49€5.6m€1.0m▼
Equity10/15€182,947-€4.9m▼
Contributions10/11€762,500€762,500=
Capital10€762,500€762,500=
Issued capital100€762,500€762,500=
Profit (loss) carried forward14-€579,553-€5.7m▼
Amounts payable17/49€5.4m€6.0m▲
Amounts payable within one year42/48€5.4m€6.0m▲
Trade debts44€16,469€193,548▲
Suppliers440/4€16,469€193,548▲
Other amounts payable47/48€5.4m€5.8m▲
Accrued charges and deferred income492/3€124-
Income statementCode20242025
Other operating charges640/8€1,044€1,298▲
Gross operating margin9900-€2,808-€338,955▼
Operating profit (loss)9901-€3,852-€340,254▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€100,393€183,297▲
Recurring financial charges65€100,393€183,297▲
Profit (loss) for the period before taxes9903-€104,245-€523,549▼
Profit (loss) for the period9904-€104,245-€523,549▼
Profit (loss) for the period to be appropriated9905-€104,245-€523,549▼
Appropriation of the result
Profit (loss) to be appropriated9906-€579,553-€5.7m▼
Profit (loss) brought forward from the previous period14P-€475,309-€5.2m▼
Line
2021
2022
2023
2024
2025
Change
Turnover70
€415,555
€6,799
-
-
-
-
Goods, raw materials, services and sundry goods60/61
€426,675
€13,939
€32,106
-
-
-
Other operating charges640/8
€17,251
€231
€87
€1,044
€1,298
▲ 24.4%
Gross operating margin9900
-€11,120
-€4,426
-€4,811
-€2,808
-€338,955
▼ 11,972%
Operating profit (loss)9901
-€28,371
-€4,657
-€4,898
-€3,852
-€340,254
▼ 8,734%
Financial income75/76B
-
-
-
-
€1
-
Recurring financial income75
-
-
-
-
€1
-
Financial charges65/66B
€23,375
€25,415
€68,656
€100,393
€183,297
▲ 82.6%
Recurring financial charges65
€23,375
€25,415
€68,656
€100,393
€183,297
▲ 82.6%
Profit (loss) for the period before taxes9903
-€51,746
-€30,072
-€73,554
-€104,245
-€523,549
▼ 402%
Profit (loss) for the period9904
-€51,746
-€30,072
-€73,554
-€104,245
-€523,549
▼ 402%
Profit (loss) for the period to be appropriated9905
-€51,746
-€30,072
-€73,554
-€104,245
-€523,549
▼ 402%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€5.7m
€5.4m
€6.0m
€5.6m
€1.0m
▼ 81.6%
Current assets29/58
€5.7m
€5.4m
€6.0m
€5.6m
€1.0m
▼ 81.6%
Stocks and contracts in progress3
€4.3m
€4.7m
€4.9m
€4.9m
€301,780
▼ 93.8%
Stocks30/36
€4.3m
€4.7m
€4.9m
€4.9m
€301,780
▼ 93.8%
Amounts receivable within one year40/41
€1.3m
€557,408
€582,909
€181,761
€35,272
▼ 80.6%
Trade receivables40
€803,434
€8,227
€8,227
€76
-
-
Other amounts receivable41
€530,278
€549,181
€574,682
€181,685
€35,272
▼ 80.6%
Cash at bank and in hand54/58
€61,982
€51,300
€576,062
€556,167
€695,992
▲ 25.1%
Deferred charges and accrued income490/1
€25,459
€15,634
-
-
-
-
Equity and liabilities
Total equity and liabilities10/49
€5.7m
€5.4m
€6.0m
€5.6m
€1.0m
▼ 81.6%
Equity10/15
€390,817
€360,745
€287,191
€182,947
-€4.9m
▼ 2,790%
Contributions10/11
€762,500
€762,500
€762,500
€762,500
€762,500
=
Capital10
€762,500
€762,500
€762,500
€762,500
€762,500
=
Issued capital100
€762,500
€762,500
€762,500
€762,500
€762,500
=
Profit (loss) carried forward14
-€371,683
-€401,755
-€475,309
-€579,553
-€5.7m
▼ 881%
Amounts payable17/49
€5.4m
€5.0m
€5.7m
€5.4m
€6.0m
▲ 9.6%
Amounts payable after more than one year17
€1.4m
€1.5m
€1.5m
-
-
-
Financial debts170/4
€1.4m
€1.5m
€1.5m
-
-
-
Amounts payable within one year42/48
€3.9m
€3.6m
€4.2m
€5.4m
€6.0m
▲ 9.6%
Trade debts44
€1.1m
€30,991
€35,772
€16,469
€193,548
▲ 1,075%
Suppliers440/4
€1.1m
€30,991
€35,772
€16,469
€193,548
▲ 1,075%
Other amounts payable47/48
€2.8m
€3.5m
€4.2m
€5.4m
€5.8m
▲ 6.4%
Accrued charges and deferred income492/3
€1,088
€535
€140
€124
-
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€51,746
-€30,072
-€73,554
-€104,245
-€523,549
▼ 402%
Operating cash flow (approximation)
-€51,746
-€30,072
-€73,554
-€104,245
-€523,549
▼ 402%
Change in cash
-
-€10,682
€524,762
-€19,895
€139,825
▲ 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.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
08-07
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
13-03
State Gazette actResignation: Julie De Nul (director)
Appointment: JDN (director) · Permanent representatives: Julie De Nul and J.P.J. De Nul9 facts ▸
General meeting, 02-03-2026
Director resignation, Julie De Nul (director)
Director appointment, JDN (director)
Permanent representative, Julie De Nul
Board meeting, 02-03-2026
Director resignation, Julie De Nul (managing director)
Director appointment, JDN (managing director)
Permanent representative, Julie De Nul
Permanent representative, J.P.J. De Nul
2025
31-12
FinancialWeakest financial yearnet -€523,549
Net result drops to -€523,549, the lowest in the series.
10-07
NBB filingAnnual accounts filed
fiscal year 2024 · abbreviated schema
20-06
State Gazette actAppointments: Jan De Nul NV (chair of the board) and Julie De Nul (managing director)
Permanent representative: Jan Pieter J. De Nul5 facts ▸
Board meeting, 16-06-2025
Director appointment, Jan De Nul NV (chair of the board)
Director appointment, Jan De Nul NV (managing director)
Permanent representative, Jan Pieter J. De Nul
Director appointment, Julie De Nul (managing director)
03-03
State Gazette actResignations: NAEDOL BV, B2B GROUP and 2 others
Permanent representatives: NEYTS Julien, ÜZGEN Gabriel and 3 others · Appointments: Jan De Nul NV, DE NUL Julie and 2 others · Statutes amendment23 facts ▸
General meeting, 16-01-2025
Statutes amendment
Statutes amendment
Capital, €762.500
Director resignation, NAEDOL BV (director)
Permanent representative, NEYTS Julien
Director resignation, B2B GROUP (director)
Permanent representative, ÜZGEN Gabriel
Director resignation, LIEVENS Paul (director)
Director discharge, NAEDOL BV
Director discharge, B2B GROUP
Director discharge, LIEVENS Paul
+11 further facts in this act
2024
30-10
NBB filingAnnual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
10-09
State Gazette actAppointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Permanent representative: MITRUGNO Angélique · Power of attorney6 facts ▸
State Gazette actReappointment: Uzgen Gabriel Chouha (director)
Registered-office move3 facts ▸
General meeting, 01-04-2016
Director reappointment, Uzgen Gabriel Chouha (director)
Registered-office move, Van Putlei 18 te 2018 Antwerpen
2016
31-03
State Gazette actCapital & shares
Capital increase · Bank account · Capital6 facts ▸
General meeting, 03-03-2016
Capital increase, €700.000
Bank account, 01-03-2016
Capital, €762.500
Statutes amendment
Power of attorney, DESLAGMULDER Dirk Omer Cyriel
2015
20-11
State Gazette actReappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2 facts ▸
General meeting, 03-04-2015
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2014
17-09
State Gazette actReappointments: François R.A. Job (class A director) and Marc P. Crohain (class B director)
3 facts ▸
General meeting, 04/04/2014
Director reappointment, François R.A. Job (class A director)
Director reappointment, Marc P. Crohain (class B director)
17-09
State Gazette actResignation: Bernard M.R.L. Thienpont (class A director)
Appointment: Hendrik G. Brouwer (class A director) · Director discharge4 facts ▸
General meeting, 10-02-2014
Director resignation, Bernard M.R.L. Thienpont (class A director)
Director discharge, Bernard M.R.L. Thienpont
Director appointment, Hendrik G. Brouwer (class A director)
2012
25-07
State Gazette actReappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2 facts ▸
General meeting, 13-04-2012
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
18 of 18 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
4 directors, 2 in day-to-day management, no change since 2026
Statutory auditor · since 16-01-2025 · perm. rep.: Sam Vander Vennet
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Gemeenschappenlaan 100, 1200 Sint-Lambrechts-WoluweConstruction of residential and non-residential buildings
since 20092.175.893.805
2 parcels
Flanders1(50%)Brussels1(50%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
41029B0523/00S000
Flanders
2.3 ha
1 · 1,845 m²
14.0 m · 3 fl.
21018A0151/00E000
Brussels
2,591 m²
1 · 1,070 m²
27.7 m · 8 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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
23 people since 2012, 11 in office
Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier
Mandates per person, with start and end dates
Name
Functions and periods20122014201620182020202220242026
Beheer van alle roerende en onroerende goederen; beleggen in, verwerven en beheren van onroerend vermogen; beheren en aanleggen van roerende en onroerende vermogens; toestaan van…
Full purpose
Beheer van alle roerende en onroerende goederen; beleggen in, verwerven en beheren van onroerend vermogen; beheren en aanleggen van roerende en onroerende vermogens; toestaan van leningen; nemen van belangen in ondernemingen; uitvoeren van functie van bestuurder of vereffenaar; verlenen van advies en consultancy
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
11 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,346 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.