DENERGY
ActiveSummary
DENERGY has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-379k) and a net result of €222. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-9
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.58 in 2024; short-term debt: 199.8% and cash: 54.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-99.8%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
31 d late
2021
317 d late
2020
121 d late
2019
91 d late
← 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€222▼ 98.9%
2024 · €20k
2018: €-62klowest in 8 years
2019: €-41k▲ +34.6% vs 2018
2020: €-60k▼ -47.7% vs 2019
2021: €1k▲ +102% vs 2020
2022: €-53k▼ -3773% vs 2021
2023: €38k▲ +171% vs 2022highest in 8 years
2024: €20k▼ -46.8% vs 2023
2025: €222▼ -98.9% vs 2024
2018 → 2025
Working capital
€-379k▲ 0.1%
2024 · €-380k
2018: €-329khighest in 8 years
2019: €-360k▼ -9.5% vs 2018
2020: €-400k▼ -11.1% vs 2019
2021: €-384k▲ +3.9% vs 2020
2022: €-437k▼ -13.7% vs 2021lowest in 8 years
2023: €-399k▲ +8.6% vs 2022
2024: €-380k▲ +5.0% vs 2023
2025: €-379k▲ +0.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-384k-€-437k▼ 13.7%€-399k▲ 8.6%€-380k▲ 5.0%€-379k▲ 0.1%
2021: €-384k
2022: €-437k▼ -13.7% vs 2021lowest in 5 years
2023: €-399k▲ +8.6% vs 2022
2024: €-380k▲ +5.0% vs 2023
2025: €-379k▲ +0.1% vs 2024highest in 5 years
Operating result€-38k-€-57k▼ 49.1%€34k€15k▼ 54.5%€267▼ 98.3%
2021: €-38k
2022: €-57k▼ -49.1% vs 2021lowest in 5 years
2023: €34k▲ +159% vs 2022highest in 5 years
2024: €15k▼ -54.5% vs 2023
2025: €267▼ -98.3% vs 2024
Net result€1k-€-53k€38k€20k▼ 46.8%€222▼ 98.9%
2021: €1k
2022: €-53k▼ -3773% vs 2021lowest in 5 years
2023: €38k▲ +171% vs 2022highest in 5 years
2024: €20k▼ -46.8% vs 2023
2025: €222▼ -98.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 98% below 2024.
Key figures and ratios
Solvency
-99.8%▼
2024 · -72.6%
Current ratio
0.50▼
2024 · 0.58
Debt to equity
-2.00▲
2024 · -2.38
ROA
0.1%▼
2024 · 3.8%
Debt
€759k▼
2024 · €902k
Debt ≤ 1 year
€759k▼
2024 · €902k
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 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€523k€380k▼
Current assets29/58€523k€380k▼
Amounts receivable within one year40/41€409k€172k▼
Trade receivables40€223k€161k▼
Other amounts receivable41€185k€10k▼
Cash at bank and in hand54/58€114k€208k▲
Deferred charges and accrued income490/1€504€657▲
Equity and liabilities
Total equity and liabilities10/49€523k€380k▼
Equity10/15€-380k€-379k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-399k€-398k▲
Amounts payable17/49€902k€759k▼
Amounts payable within one year42/48€902k€759k▼
Trade debts44€195k€335k▲
Suppliers440/4€195k€335k▲
Other amounts payable47/48€707k€424k▼
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€725€400▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€16k€4k▼
Operating profit (loss)9901€15k€267▼
Financial income75/76B€5k€0▼
Recurring financial income75€5k€0▼
Financial charges65/66B€139€45▼
Recurring financial charges65€139€45▼
Profit (loss) for the period before taxes9903€20k€222▼
Profit (loss) for the period9904€20k€222▼
Profit (loss) for the period to be appropriated9905€20k€222▼
Appropriation of the result
Profit (loss) to be appropriated9906€-399k€-398k▲
Profit (loss) brought forward from the previous period14P€-418k€-399k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | €0 | - | - |
| Other operating charges640/8 | €3k | - | €3k | €725 | €400 | ▼ 44.9% |
| Non-recurring operating charges66A | - | - | - | - | €4k | - |
| Gross operating margin9900 | €-35k | €-57k | €44k | €16k | €4k | ▼ 72.3% |
| Operating profit (loss)9901 | €-38k | €-57k | €34k | €15k | €267 | ▼ 98.3% |
| Financial income75/76B | €40k | €5k | €4k | €5k | €0 | ▼ 100% |
| Recurring financial income75 | €839 | €5k | €4k | €5k | €0 | ▼ 100% |
| Non-recurring financial income76B | €39k | - | - | - | - | - |
| Financial charges65/66B | €668 | €619 | €77 | €139 | €45 | ▼ 67.7% |
| Recurring financial charges65 | €668 | €619 | €77 | €139 | €45 | ▼ 67.7% |
| Profit (loss) for the period before taxes9903 | €1k | €-53k | €38k | €20k | €222 | ▼ 98.9% |
| Profit (loss) for the period9904 | €1k | €-53k | €38k | €20k | €222 | ▼ 98.9% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-53k | €38k | €20k | €222 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €377k | €462k | €444k | €523k | €380k | ▼ 27.3% |
| Current assets29/58 | €377k | €462k | €444k | €523k | €380k | ▼ 27.3% |
| Amounts receivable within one year40/41 | €367k | €401k | €382k | €409k | €172k | ▼ 58.0% |
| Trade receivables40 | €111k | €108k | €195k | €223k | €161k | ▼ 27.8% |
| Other amounts receivable41 | €257k | €293k | €186k | €185k | €10k | ▼ 94.5% |
| Cash at bank and in hand54/58 | €8k | €60k | €62k | €114k | €208k | ▲ 82.7% |
| Deferred charges and accrued income490/1 | €2k | €578 | €400 | €504 | €657 | ▲ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €377k | €462k | €444k | €523k | €380k | ▼ 27.3% |
| Equity10/15 | €-384k | €-437k | €-399k | €-380k | €-379k | ▲ 0.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Profit (loss) carried forward14 | €-403k | €-456k | €-418k | €-399k | €-398k | ▲ 0.1% |
| Amounts payable17/49 | €761k | €899k | €843k | €902k | €759k | ▼ 15.9% |
| Amounts payable within one year42/48 | €761k | €899k | €843k | €902k | €759k | ▼ 15.9% |
| Trade debts44 | €163k | €162k | €151k | €195k | €335k | ▲ 71.9% |
| Suppliers440/4 | €163k | €162k | €151k | €195k | €335k | ▲ 71.9% |
| Other amounts payable47/48 | €598k | €737k | €693k | €707k | €424k | ▼ 40.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-53k | €38k | €20k | €222 | ▼ 98.9% |
| Operating cash flow (approximation) | €1k | €-53k | €38k | €20k | €222 | ▼ 98.9% |
| Change in cash | - | €52k | €2k | €52k | €94k | ▲ 81.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 317 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 121 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 2002
Ground area
454 m²
Building footprint
445 m²
Volume, LiDAR
9,506 m³
Parcel 21443A0271/00A002, Brussels · tallest building 36.4 m, ±11 floors. Linked by address, not a title deed.
92
companies at this address
See who is registered here
1 establishment unit
BABEL RECORDING
since 20022.131.432.963
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0271/00A002 | Brussels | 454 m² | 1 · 445 m² | 36.4 m · 11 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.
Similar companies · same sector and region
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BE 0798.343.850
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ALLPACA
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,149 companies in sector 46190 we hold annual accounts for 2,570. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
58110Book publishing
58130Publishing activities
58120Publishing activities
Scores and ratios are computed by Checked and are not a credit decision.