Denderstroom
ActiveSummary
Denderstroom has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €93k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency94▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 3.7 against 4.04 in 2024; short-term debt: 6.6% and cash: 11.6% of total assets), and 31.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
3.8%
Age of the figures
9 mo
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
31 d late
2023
9 d early
2022
76 d early
2021
46 d early
2020
72 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.69M▲ 9.1%
2024 · €1.55M
2018: €369klowest in 8 years
2019: €387k▲ +4.8% vs 2018
2020: €786k▲ +103% vs 2019
2021: €886k▲ +12.7% vs 2020
2022: €1.06M▲ +19.3% vs 2021
2023: €1.17M▲ +10.3% vs 2022
2024: €1.55M▲ +32.7% vs 2023
2025: €1.69M▲ +9.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.46M▲ 3.2%
2024 · €2.39M
2018: €369klowest in 8 years
2019: €438k▲ +18.7% vs 2018
2020: €857k▲ +95.4% vs 2019
2021: €922k▲ +7.6% vs 2020
2022: €1.68M▲ +81.7% vs 2021
2023: €1.78M▲ +6.1% vs 2022
2024: €2.39M▲ +34.4% vs 2023
2025: €2.46M▲ +3.2% vs 2024highest in 8 years
2018 → 2025
Net result
€93k▲ 10.9%
2024 · €84k
2018: €2klowest in 8 years
2019: €8k▲ +305% vs 2018
2020: €13k▲ +66.9% vs 2019
2021: €56k▲ +331% vs 2020
2022: €62k▲ +10.4% vs 2021
2023: €69k▲ +11.4% vs 2022
2024: €84k▲ +21.0% vs 2023
2025: €93k▲ +10.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€437k▲ 2.7%
2024 · €426k
2018: €224k
2019: €100k▼ -55.2% vs 2018lowest in 8 years
2020: €230k▲ +129% vs 2019
2021: €206k▼ -10.5% vs 2020
2022: €433k▲ +110% vs 2021
2023: €413k▼ -4.6% vs 2022
2024: €426k▲ +3.1% vs 2023
2025: €437k▲ +2.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€886k-€1.06M▲ 19.3%€1.17M▲ 10.3%€1.55M▲ 32.7%€1.69M▲ 9.1%
2021: €886klowest in 5 years
2022: €1.06M▲ +19.3% vs 2021
2023: €1.17M▲ +10.3% vs 2022
2024: €1.55M▲ +32.7% vs 2023
2025: €1.69M▲ +9.1% vs 2024highest in 5 years
Operating result€56k-€60k▲ 6.1%€41k▼ 32.0%€36k▼ 11.3%€78k▲ 118%
2021: €56k
2022: €60k▲ +6.1% vs 2021
2023: €41k▼ -32.0% vs 2022
2024: €36k▼ -11.3% vs 2023lowest in 5 years
2025: €78k▲ +118% vs 2024highest in 5 years
Net result€56k-€62k▲ 10.4%€69k▲ 11.4%€84k▲ 21.0%€93k▲ 10.9%
2021: €56klowest in 5 years
2022: €62k▲ +10.4% vs 2021
2023: €69k▲ +11.4% vs 2022
2024: €84k▲ +21.0% vs 2023
2025: €93k▲ +10.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.46M
Fixed assets
€1.87M ▲ 2.3%
Current assets
€599k ▲ 5.9%
Equity and liabilities €2.46M
Equity
€1.69M ▲ 9.1%
Debt
€776k ▼ 7.7%
Debt's share of the balance-sheet total falls from 35.2% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▲
2024 · €87k
Cash flow
€158k▲
2024 · €135k
Current ratio
3.70▼
2024 · 4.04
Debt to equity
0.46▼
2024 · 0.54
ROE
5.5%▲
2024 · 5.4%
ROA
3.8%▲
2024 · 3.5%
Interest coverage
7.41▲
2024 · 7.17
Debt ≤ 1 year
€162k▲
2024 · €140k
Debt > 1 year
€613k▼
2024 · €700k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.39M€2.46M▲
Fixed assets21/28€1.82M€1.87M▲
Tangible fixed assets22/27€1.06M€1.11M▲
Plant, machinery and equipment23€1.06M€1.11M▲
Financial fixed assets28€759k€759k=
Current assets29/58€566k€599k▲
Amounts receivable after more than one year29€248k€199k▼
Other amounts receivable291€248k€199k▼
Amounts receivable within one year40/41€64k€49k▼
Trade receivables40€53k€48k▼
Other amounts receivable41€10k€808▼
Current investments50/53€100k€0▼
Cash at bank and in hand54/58€154k€286k▲
Deferred charges and accrued income490/1€186€65k▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€2.46M▲
Equity10/15€1.55M€1.69M▲
Contributions10/11€1.41M€1.51M▲
Profit (loss) carried forward14€135k€177k▲
Amounts payable17/49€840k€776k▼
Amounts payable after more than one year17€700k€613k▼
Financial debts170/4€700k€613k▼
Amounts payable within one year42/48€140k€162k▲
Current portion of amounts payable after more than one year42€54k€55k▲
Trade debts44€35k€45k▲
Suppliers440/4€35k€45k▲
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€11k▲
Other amounts payable47/48€48k€51k▲
Accrued charges and deferred income492/3€0€678▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€66k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€61k
Gross operating margin9900€88k€206k▲
Operating profit (loss)9901€36k€78k▲
Financial income75/76B€60k€34k▼
Recurring financial income75€60k€34k▼
Financial charges65/66B€12k€19k▲
Recurring financial charges65€12k€19k▲
Profit (loss) for the period before taxes9903€84k€93k▲
Profit (loss) for the period9904€84k€93k▲
Profit (loss) for the period to be appropriated9905€84k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€183k€228k▲
Profit (loss) brought forward from the previous period14P€99k€135k▲
Profit to be distributed694/7€48k€51k▲
Return on contributions (dividend)694€48k€51k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €39k | €46k | €51k | €66k | ▲ 29.0% |
| Other operating charges640/8 | €468 | €1k | €1k | €1k | €1k | ▲ 8.5% |
| Non-recurring operating charges66A | - | - | - | - | €61k | - |
| Gross operating margin9900 | €91k | €100k | €88k | €88k | €206k | ▲ 134% |
| Operating profit (loss)9901 | €56k | €60k | €41k | €36k | €78k | ▲ 118% |
| Financial income75/76B | €48 | €11k | €42k | €60k | €34k | ▼ 43.4% |
| Recurring financial income75 | €17 | €11k | €42k | €60k | €34k | ▼ 43.4% |
| Non-recurring financial income76B | €31 | - | - | - | - | - |
| Financial charges65/66B | €87 | €5k | €13k | €12k | €19k | ▲ 60.4% |
| Recurring financial charges65 | €87 | €5k | €13k | €12k | €19k | ▲ 60.4% |
| Profit (loss) for the period before taxes9903 | €56k | €66k | €69k | €84k | €93k | ▲ 10.9% |
| Income taxes67/77 | - | €4k | €0 | - | - | - |
| Profit (loss) for the period9904 | €56k | €62k | €69k | €84k | €93k | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €56k | €62k | €69k | €84k | €93k | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €922k | €1.68M | €1.78M | €2.39M | €2.46M | ▲ 3.2% |
| Formation expenses20 | - | €5k | €0 | - | - | - |
| Fixed assets21/28 | €681k | €1.13M | €1.21M | €1.82M | €1.87M | ▲ 2.3% |
| Tangible fixed assets22/27 | €676k | €661k | €731k | €1.06M | €1.11M | ▲ 4.0% |
| Plant, machinery and equipment23 | €676k | €661k | €731k | €1.06M | €1.11M | ▲ 4.0% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €5k | €473k | €484k | €759k | €759k | = |
| Current assets29/58 | €241k | €537k | €562k | €566k | €599k | ▲ 5.9% |
| Amounts receivable after more than one year29 | - | €288k | €218k | €248k | €199k | ▼ 19.5% |
| Other amounts receivable291 | - | €288k | €218k | €248k | €199k | ▼ 19.5% |
| Amounts receivable within one year40/41 | €30k | €49k | €69k | €64k | €49k | ▼ 23.4% |
| Trade receivables40 | €30k | €23k | €15k | €53k | €48k | ▼ 10.2% |
| Other amounts receivable41 | - | €26k | €54k | €10k | €808 | ▼ 92.1% |
| Current investments50/53 | - | - | - | €100k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €211k | €199k | €276k | €154k | €286k | ▲ 85.7% |
| Deferred charges and accrued income490/1 | €0 | €2 | €185 | €186 | €65k | ▲ 34,832% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €922k | €1.68M | €1.78M | €2.39M | €2.46M | ▲ 3.2% |
| Equity10/15 | €886k | €1.06M | €1.17M | €1.55M | €1.69M | ▲ 9.1% |
| Contributions10/11 | €843k | €979k | €1.07M | €1.41M | €1.51M | ▲ 7.0% |
| Profit (loss) carried forward14 | €33k | €69k | €99k | €135k | €177k | ▲ 31.1% |
| Investment grants15 | €10k | €10k | €0 | - | - | - |
| Amounts payable17/49 | €35k | €617k | €610k | €840k | €776k | ▼ 7.7% |
| Amounts payable after more than one year17 | - | €513k | €461k | €700k | €613k | ▼ 12.5% |
| Financial debts170/4 | - | €513k | €461k | €700k | €613k | ▼ 12.5% |
| Amounts payable within one year42/48 | €35k | €104k | €150k | €140k | €162k | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | - | €51k | €53k | €54k | €55k | ▲ 2.5% |
| Trade debts44 | €2k | €16k | €47k | €35k | €45k | ▲ 30.7% |
| Suppliers440/4 | €2k | €16k | €47k | €35k | €45k | ▲ 30.7% |
| Taxes, remuneration and social security45 | €8k | €11k | €11k | €4k | €11k | ▲ 195% |
| Taxes450/3 | €8k | €11k | €11k | €4k | €11k | ▲ 195% |
| Other amounts payable47/48 | €25k | €26k | €39k | €48k | €51k | ▲ 6.2% |
| Accrued charges and deferred income492/3 | €9 | €10 | €71 | €0 | €678 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €62k | €69k | €84k | €93k | ▲ 10.9% |
| + Depreciation and write-downs630 | €34k | €39k | €46k | €51k | €66k | ▲ 29.0% |
| Operating cash flow (approximation) | €90k | €101k | €115k | €135k | €158k | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | €-493k | €-127k | €-659k | €-109k | ▲ 83.5% |
| Change in cash | - | €-11k | €77k | €-122k | €132k | ▲ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €93k ▲10.9%
Operating result €78k, net result €93k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲19.3%
5 profitable years in a row build equity to €1.06M.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-04
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €786k ▲103%
3 profitable years in a row build equity to €786k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 253 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 618 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 983 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 2 establishment units since 2016
Ground area
2,445 m²
Building footprint
717 m²
Volume, LiDAR
6,555 m³
3 parcels, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
Denderstroom
since 20162.323.754.863
De Maatschap Energent-Denderstroom-Stroomvloed
since 20212.320.791.217
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0384/00R000 | Flanders | 1,293 m² | 1 · 262 m² | 9.6 m · 2 fl. |
| 41002A1948/00B000 | Flanders | 934 m² | 1 · 339 m² | 17.4 m · 3 fl. |
| 44802B0586/00C000 | Flanders | 217 m² | 1 · 116 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 15,840 EUR awarded · 7,590 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,590 EUR | 7,590 EUR |
| 2023 | 1 | 8,250 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 814 companies in sector 35110 we hold annual accounts for 630. 408 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded02-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
Scores and ratios are computed by Checked and are not a credit decision.