Equity
-€4.9m
Debts exceed assets in financial year 2025.
Denderoever
Lifetime
17 annual accounts with figures on one time axisTurnoverpeak €8.4m (2020)
-not published
Resultlowest -€523,549 (2025)
-€523,549▼ €419,305
Equitypeak €703,752 (2016)
-€4.9m▼ €523,549
Debts
€6.0m▲ 11.5%
Board18 names since 2012all names
4 directorsVAN dE VIJVER Mathias and 3 others
Owners5 names in the annual accounts
100%PSR and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Gross margin from -€2,808 to -€338,955Loss of €523,5492 directors appointed 20-06Registered office moved from Woluwe-Saint-Lambert to Aalst 03-03
Key points
from the 2025 annual accountsLosses
-€1.1m in 17 years
Every financial year from 2009 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€6.0m 576% of the balance sheet
Filings
17 annual accounts 18 filings since 2009
Six of the last ten came late. The 2024 accounts came latest: 328 days after the end of the period.
At the same address
105 companies
Position in the sector
-476.5%
Lower solvency than 95% of companies in real estate. Sector median 38.2% · 5,797 companies.
Checked score
53
Fair
Financially stronger than 21% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.6 percentage points vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €523,549, the second in a row (financial year 2025)
Negative equity -€4.9m
lowers risk
Size: total assets €1.0m
Liquidity: current ratio 0.17, cash €695,992
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 49% on liquidity, 4% on profitability and 26% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 598 companies had the same profile as Denderoever has now. Each dot stands for 2 companies, two years later.
83.4%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Denderoever itself is lower: 0.8% within 12 months. It rests on far more data about Denderoever than the profile alone.
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 598 companies, not a prediction for Denderoever. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.17 (0.18 in 2024), below 1. Short-term debt is 576.5% and cash 67.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 days early
2024
21 days early
2023
91 days late
2022
85 days late
2021
23 days late
2020
9 days late
2019
80 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (4 of the last 5 accounts filed within 62 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PSR 100%score 83equity €33.6m (2025) · 2025 annual accounts of PSR
- Sofidra S.A. (Jan De Nul Group) consolidatesannual accounts 2025
Recent changes
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos · Aalst
New managing director
JDN appointed, Julie De Nul resigned · Permanent representatives: Julie De Nul and Ir. J.P.J. De Nul · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0808778476
2 directors appointed
Jan De Nul NV (chair of the board and managing director) and DE NUL Julie (managing director) · Permanent representative: Jan Pieter J.De Nul · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Denderoever Aalst | €1.0m | -€338,955 | -476.5% | - |
| De Bouw Projecten Aalter | €1.1m | -€2,362 | -4.9% | - |
| CITY VLAANDEREN Dendermonde | €1.1m | -€92,790 | 44.7% | 0 |
| LOFTSPIRIT Herve | €1.1m | -€62 | 25.2% | - |
| VAN DUN BOUW Turnhout | €1.1m | -€1,779 | -10.3% | - |
| RODON REAL ESTATE COMPANY Libramont-Chevigny | €1.0m | -€51,324 | 82.9% | - |
| GDL CONCEPT Aubel | €1.0m | -€26,125 | 20.3% | - |
These companies have the same main activity as Denderoever: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €952,000 and €1.1m, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 30-12-2008Normal situation
- Registered office
- 106 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.175.893.8051200 Woluwe-Saint-Lambert, since 09-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- Total assets
- €1.0m▲ 9.4%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on Denderoever
Denderoever has existed since 2008. Turnover fell from €8.4m in 2020 to €6,799 in 2022. The accounts now follow the abbreviated format, last year the full format.
Solvency fell in 2025 from -465.9% to -476.5% because of the loss and higher debts to suppliers.
PSR holds all the shares. In 2024, three directors stepped down. In March 2026, the Official Gazette published the appointment of JDN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Denderoever
- What is the company number of Denderoever?
- The company number of Denderoever is 0808.778.476. The VAT number is the same number with BE in front: BE 0808.778.476.
- Where is Denderoever based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What does Denderoever do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Denderoever?
- Denderoever is a public limited company (NV).
- When was Denderoever founded?
- Denderoever was founded on 30-12-2008.
- Is Denderoever still active?
- Yes, Denderoever is an active enterprise in the KBO register.
- What is the turnover of Denderoever?
- The annual accounts for financial year 2025 state no turnover. In financial year 2022 turnover was €6,799.Financials
- Is Denderoever profitable?
- In financial year 2025, Denderoever made a loss of €523,549.
- Where can I find the annual accounts of Denderoever?
- Denderoever filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Denderoever due?
- Denderoever must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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