Denercon
ActiveSummary
Denercon has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,480 and a net result of €173,745. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+7
Solvency59=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.36 in 2024; short-term debt: 32.7% and cash: 24.7% of total assets), but 66.1% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
33.9%
Return on assets
19%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
39 d early
2024
24 d early
2023
50 d early
2022
39 d early
2021
7 d early
2020
17 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€309,480▲ 29.2%
2024 · €239,603
Total assets
€914,103▲ 29.6%
2024 · €705,505
Net result
€173,745▲ 79.1%
2024 · €96,993
Working capital
€226,406▲ 187%
2024 · €78,996
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
favourable
unfavourable
Line20212022202320242025
Operating result-€13,816€21,826€167,661▲ 668%€147,839▼ 11.8%€250,109▲ 69.2%
Net result-€16,527below the sector's middle half€16,726within the sector's middle half€122,161above the sector's middle half▲ 630%€96,993above the sector's middle half▼ 20.6%€173,745above the sector's middle half▲ 79.1%
Equity€96,857within the sector's middle half▼ 4.1%€113,583within the sector's middle half▲ 17.3%€207,310above the sector's middle half▲ 82.5%€239,603above the sector's middle half▲ 15.6%€309,480within the sector's middle half▲ 29.2%
Total assets€319,523above the sector's middle half▲ 141%€335,478above the sector's middle half▲ 5.0%€487,693above the sector's middle half▲ 45.4%€705,505above the sector's middle half▲ 44.7%€914,103within the sector's middle half▲ 29.6%
Debt€222,666▲ 608%€221,894▼ 0.3%€280,383▲ 26.4%€465,902▲ 66.2%€604,623▲ 29.8%
Working capital€4,341▼ 95.1%€23,944▲ 452%€122,651▲ 412%€78,996▼ 35.6%€226,406▲ 187%
Solvency30.3%within the sector's middle half▼ 45.9pp33.9%within the sector's middle half▲ 3.5pp42.5%within the sector's middle half▲ 8.7pp34.0%within the sector's middle half▼ 8.5pp33.9%within the sector's middle half▼ 0.1pp
Staff (FTE)1.2▲ 20.0%1.5▲ 25.0%2.9▲ 93.3%4.9▲ 69.0%6.2within the sector's middle half▲ 26.5%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €914,103
Fixed assets
€388,816 ▼ 4.9%
Current assets
€525,288 ▲ 77.1%
Equity and liabilities €914,103
Equity
€309,480 ▲ 29.2%
Debt
€604,623 ▲ 29.8%
Debt's share of the balance-sheet total rises from 66.0% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€276,339▲
2024 · €169,244
Cash flow
€199,974▲
2024 · €118,398
Current ratio
1.76▲
2024 · 1.36
Debt to equity
1.95▲
2024 · 1.94
ROE
56.1%▲
2024 · 40.5%
ROA
19.0%▲
2024 · 13.7%
Interest coverage
16.53▲
2024 · 8.89
Debt ≤ 1 year
€298,882▲
2024 · €217,628
Debt > 1 year
€227,886▼
2024 · €248,274
Income taxes
€59,693▲
2024 · €32,017
Staff costs
€420,998▲
2024 · €292,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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%.
| 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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €110,597 | €140,855 | €292,450 | €420,998 | ▲ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,832 | €10,868 | €15,451 | €21,405 | €26,229 | ▲ 22.5% |
| Other operating charges640/8 | - | €449 | €1,560 | €27,932 | €4,930 | ▼ 82.3% |
| Gross operating margin9900 | €68,220 | €143,740 | €325,528 | €489,627 | €702,267 | ▲ 43.4% |
| Operating profit (loss)9901 | -€13,816 | €21,826 | €167,661 | €147,839 | €250,109 | ▲ 69.2% |
| Financial income75/76B | - | €5,147 | €0 | €213 | €45 | ▼ 78.9% |
| Recurring financial income75 | €1,017 | €5,147 | €0 | €213 | €45 | ▼ 78.9% |
| Financial charges65/66B | - | €6,246 | €6,519 | €19,042 | €16,717 | ▼ 12.2% |
| Recurring financial charges65 | €3,479 | €6,246 | €6,519 | €19,042 | €16,717 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | -€16,278 | €20,727 | €161,142 | €129,010 | €233,437 | ▲ 80.9% |
| Income taxes67/77 | €249 | €4,001 | €38,981 | €32,017 | €59,693 | ▲ 86.4% |
| Profit (loss) for the period9904 | -€16,527 | €16,726 | €122,161 | €96,993 | €173,745 | ▲ 79.1% |
| Profit (loss) for the period to be appropriated9905 | -€16,527 | €16,726 | €122,161 | €96,993 | €173,745 | ▲ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €319,523 | €335,478 | €487,693 | €705,505 | €914,103 | ▲ 29.6% |
| Fixed assets21/28 | €237,172 | €227,569 | €217,922 | €408,881 | €388,816 | ▼ 4.9% |
| Intangible fixed assets21 | €8,411 | €6,331 | €4,251 | €2,171 | €1,788 | ▼ 17.7% |
| Tangible fixed assets22/27 | €227,513 | €221,238 | €213,671 | €406,709 | €387,028 | ▼ 4.8% |
| Land and buildings22 | - | €207,993 | €203,419 | €391,032 | €372,965 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €3,722 | €1,616 | €2,866 | €2,053 | ▼ 28.4% |
| Furniture and vehicles24 | - | €3,845 | €3,805 | €4,881 | €5,346 | ▲ 9.5% |
| Other tangible fixed assets26 | - | €5,677 | €4,831 | €7,930 | €6,665 | ▼ 16.0% |
| Financial fixed assets28 | €1,247 | €0 | - | - | - | - |
| Current assets29/58 | €82,351 | €107,909 | €269,771 | €296,625 | €525,288 | ▲ 77.1% |
| Amounts receivable within one year40/41 | €48,928 | €41,699 | €114,713 | €128,639 | €299,940 | ▲ 133% |
| Trade receivables40 | - | €35,158 | €89,221 | €98,916 | €289,633 | ▲ 193% |
| Other amounts receivable41 | - | €6,541 | €25,492 | €29,723 | €10,307 | ▼ 65.3% |
| Cash at bank and in hand54/58 | €33,423 | €66,210 | €155,059 | €165,997 | €225,348 | ▲ 35.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,990 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €319,523 | €335,478 | €487,693 | €705,505 | €914,103 | ▲ 29.6% |
| Equity10/15 | €96,857 | €113,583 | €207,310 | €239,603 | €309,480 | ▲ 29.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €78,257 | €94,983 | €188,710 | €221,003 | €290,880 | ▲ 31.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €51 | €51 | €51 | €51 | = |
| Distributable reserves133 | - | €93,073 | €186,800 | €220,953 | €290,829 | ▲ 31.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €222,666 | €221,894 | €280,383 | €465,902 | €604,623 | ▲ 29.8% |
| Amounts payable after more than one year17 | €144,656 | €137,929 | €131,093 | €248,274 | €227,886 | ▼ 8.2% |
| Financial debts170/4 | - | €137,929 | €131,093 | €248,274 | €227,886 | ▼ 8.2% |
| Amounts payable within one year42/48 | €78,010 | €83,965 | €147,120 | €217,628 | €298,882 | ▲ 37.3% |
| Current portion of amounts payable after more than one year42 | - | €6,726 | €6,836 | €19,847 | €20,388 | ▲ 2.7% |
| Financial debts43 | - | - | - | - | €1,712 | - |
| Credit institutions430/8 | - | - | - | - | €1,712 | - |
| Trade debts44 | €11,804 | €3,270 | €75,792 | €57,865 | €47,853 | ▼ 17.3% |
| Suppliers440/4 | - | €3,270 | €75,792 | €57,865 | €47,853 | ▼ 17.3% |
| Taxes, remuneration and social security45 | - | €18,480 | €15,434 | €47,641 | €100,077 | ▲ 110% |
| Taxes450/3 | - | €4,631 | €0 | €13,900 | €51,821 | ▲ 273% |
| Remuneration and social security454/9 | - | €13,849 | €15,434 | €33,741 | €48,256 | ▲ 43.0% |
| Other amounts payable47/48 | - | €55,488 | €49,058 | €92,276 | €128,852 | ▲ 39.6% |
| Accrued charges and deferred income492/3 | - | - | €2,169 | €0 | €77,856 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,527 | €16,726 | €122,161 | €96,993 | €173,745 | ▲ 79.1% |
| + Depreciation and write-downs630 | €7,832 | €10,868 | €15,451 | €21,405 | €26,229 | ▲ 22.5% |
| Operating cash flow (approximation) | -€8,695 | €27,595 | €137,612 | €118,398 | €199,974 | ▲ 68.9% |
| Investment in fixed assets (approximation) | - | -€1,266 | -€5,804 | -€212,363 | -€6,164 | ▲ 97.1% |
| Change in cash | - | €32,787 | €88,849 | €10,938 | €59,351 | ▲ 443% |
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €173,745 ▲79.1%
Operating result €250,109, net result €173,745, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €200,000Eq €207,310 ▲82.5%
2 profitable years in a row build equity to €207,310.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €16,726
Net result €16,726 after one loss-making year.
30-06
Financial
Equity above €100,000Eq €113,583 ▲17.3%
Equity rises from €96,857 to €113,583.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€16,527
Net result drops to -€16,527, the lowest in the series; recovery starts the following year.
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100,000Eq €100,984 ▲61.4%
2 profitable years in a row build equity to €100,984.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 2 establishment units since 2017
Ground area
125 m²
Building footprint
94 m²
Volume, LiDAR
892 m³
Parcel 11303C0224/00Y000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Denercon
since 20172.262.147.589
Square des Martyrs 1, 6000 Charleroi
since 20242.362.620.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0224/00Y000 | Flanders | 125 m² | 1 · 94 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 58,706 EUR awarded · 33,227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 52,236 EUR | 28,533 EUR |
| 2024 | 1 | 3,584 EUR | 1,808 EUR |
| 2023 | 1 | 1,608 EUR | 1,608 EUR |
| 2022 | 1 | 1,278 EUR | 1,278 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,865 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2017
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
43350Other building finishing work
49330On-demand passenger transport by chauffeured vehicle
63920Other information service activities
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
74999Other professional, scientific and technical activities
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671819030
Also
9925:BE0671819030
Registered
19-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.