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DENEUT TECHNICS

Active
Private limited companyfounded 2020active for 6 yearsDe Patine 91, 8980 Zonnebeke, BelgiumKBO/BCE: BE 0742.652.091

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 01-07-2026 at the NBB all 6 filings

Turnover
≈ €700,000
Estimated: probably between €610,000 and €870,000
Total assets
€1.3m▲ 21.7%
2024 · €1.1m
Net result
€187,589▲ 6.1%
2024 · €176,794
Working capital
€717,426▲ 32.1%
2024 · €543,126
Trend over the years

2021 to 2025, 5 financial years 2020 to 2025, 6 financial years

The operating result for 2025 is 6% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Operating result€0.3m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Operating result€0.2m-€0.1m▼ 25.0%€0.1m▲ 10.0%€0.2m▲ 33.9%€0.3m▲ 29.0%€0.3m▲ 6.3%
Net result€0.1mabove the sector's middle half-€0.1mabove the sector's middle half▼ 28.0%€0.1mabove the sector's middle half▲ 5.9%€0.1mabove the sector's middle half▲ 31.0%€0.2mabove the sector's middle half▲ 30.7%€0.2mabove the sector's middle half▲ 6.1%
Equity€0.2mabove the sector's middle half-€0.3mabove the sector's middle half▲ 62.8%€0.4mabove the sector's middle half▲ 40.8%€0.5mabove the sector's middle half▲ 38.0%€0.7mabove the sector's middle half▲ 36.0%€0.9mabove the sector's middle half▲ 28.1%
Total assets€0.2mwithin the sector's middle half-€0.3mabove the sector's middle half▲ 27.9%€0.8mabove the sector's middle half▲ 177%€0.9mabove the sector's middle half▲ 8.1%€1.1mabove the sector's middle half▲ 16.3%€1.3mabove the sector's middle half▲ 21.7%
Debt€0.08m-€0.05m▼ 38.2%€0.5m▲ 857%€0.4m▼ 14.0%€0.4m▼ 6.9%€0.4m▲ 10.7%
Working capital€0.1mabove the sector's middle half-€0.2mabove the sector's middle half▲ 92.5%€0.3mabove the sector's middle half▲ 13.3%€0.4mabove the sector's middle half▲ 51.2%€0.5mabove the sector's middle half▲ 43.4%€0.7mabove the sector's middle half▲ 32.1%
Solvency65.5%above the sector's middle half-83.4%above the sector's middle half▲ 17.8pp42.4%within the sector's middle half▼ 40.9pp54.2%within the sector's middle half▲ 11.8pp63.3%within the sector's middle half▲ 9.2pp66.7%within the sector's middle half▲ 3.3pp
Current ratio3.59above the sector's middle half-9.69above the sector's middle half▲ 6.104.10above the sector's middle half▼ 5.5810.53above the sector's middle half▲ 6.4313.20above the sector's middle half▲ 2.6712.40above the sector's middle half▼ 0.80
Return on assets (ROA)57.1%above the sector's middle half-32.1%above the sector's middle half▼ 24.9pp12.3%within the sector's middle half▼ 19.8pp14.9%within the sector's middle half▲ 2.6pp16.8%within the sector's middle half▲ 1.8pp14.6%within the sector's middle half▼ 2.1pp
Staff (FTE)11=1=0.3▼ 70.0%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €503,693 ▲ 7.7%
Current assets €780,337 ▲ 32.8%
Equity and liabilities €1.3m
Equity €855,862 ▲ 28.1%
Debt €428,167 ▲ 10.7%
Debt's share of the balance-sheet total falls from 36.7% to 33.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€307,288▲
2024 · €288,599
Cash flow
€224,014▲
2024 · €210,655
Quick ratio
12.28▼
2024 · 13.00
Debt to equity
0.50▼
2024 · 0.58
ROE
21.9%▼
2024 · 26.5%
Interest coverage
23.91▼
2024 · 26.68
Debt ≤ 1 year
€62,910▲
2024 · €44,516
Debt > 1 year
€365,257▲
2024 · €342,361
Income taxes
€80,341▲
2024 · €76,695
Staff costs
€3,592▼
2024 · €23,439
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as DENEUT TECHNICS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 2018 and 2020.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
DENEUT TECHNICS Zonnebeke2020€1.3m€0.9m€0.3m€0.2m-2025
ELECTRO KOEN DHONDT Middelkerke2019€1.2m€0.5m€0.3m€0.05m42025
Hanssens Robin Lendelede2020€1.4m€0.3m€0.3m€0.1m-2025
VMatic Hooglede2020€1.2m€0.3m€0.4m€0.1m22025
Helecon Nazareth-De Pinte2020€1.3m€0.3m€0.3m€0.07m-2025
Safy Security Deinze2020€1.2m€0.8m€0.3m€0.2m-2025
ENERGIEWEST Ichtegem2018€1.5m€1.3m€0.3m€0.1m12025

They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 6,782 companies had the same profile as DENEUT TECHNICS has now. Two years later, 0.6% had gone bankrupt and 96.7% were still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
2.7% stopped otherwise
96.7% was still going

That fits the bankruptcy probability of DENEUT TECHNICS itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,782 companies, not a prediction for DENEUT TECHNICS. 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.

Subsidies and aid

Flemish government

2023 to 2024 · 2 entries · €477 awarded · €477 paid
Year Entries AwardedPaid
2024 1 €0€93
2023 1 €477€384
Schemes
2 entries · €477 · €477 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.3m▲
Fixed assets21/28€0.5m€0.5m▲
Tangible fixed assets22/27€0.5m€0.5m▲
Land and buildings22€0.4m€0.4m▼
Plant, machinery and equipment23€0.007m€0.004m▼
Furniture and vehicles24€0.02m€0.07m▲
Current assets29/58€0.6m€0.8m▲
Stocks and contracts in progress3€0.009m€0.008m▼
Stocks30/36€0.009m€0.008m▼
Amounts receivable within one year40/41€0.03m€0.008m▼
Trade receivables40€0.02m€0.008m▼
Other amounts receivable41€0.008m€460▼
Current investments50/53€0.03m€0.03m=
Cash at bank and in hand54/58€0.5m€0.7m▲
Deferred charges and accrued income490/1€0.001m€0.001m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.3m▲
Equity10/15€0.7m€0.9m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.6m€0.8m▲
Distributable reserves133€0.6m€0.8m▲
Profit (loss) carried forward14€0.04m€0.04m=
Amounts payable17/49€0.4m€0.4m▲
Amounts payable after more than one year17€0.3m€0.4m▲
Financial debts170/4€0.3m€0.4m▲
Amounts payable within one year42/48€0.04m€0.06m▲
Current portion of amounts payable after more than one year42€0.02m€0.04m▲
Trade debts44€0.004m€0.002m▼
Suppliers440/4€0.004m€0.002m▼
Taxes, remuneration and social security45€0.007m€0.01m▲
Taxes450/3€0.007m€0.01m▲
Other amounts payable47/48€0.01m€0.01m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.02m€0.004m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.04m▲
Other operating charges640/8€0.004m€0.004m▲
Gross operating margin9900€0.3m€0.3m▼
Operating profit (loss)9901€0.3m€0.3m▲
Financial income75/76B€0.01m€0.01m▲
Recurring financial income75€0.01m€0.01m▲
Financial charges65/66B€0.01m€0.01m▲
Recurring financial charges65€0.01m€0.01m▲
Profit (loss) for the period before taxes9903€0.3m€0.3m▲
Income taxes67/77€0.08m€0.08m▲
Profit (loss) for the period9904€0.2m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.04m€0.04m=
Transfer to equity691/2€0.2m€0.2m▲
To other reserves6921€0.2m€0.2m▲

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line202020212022202320242025Change
Non-recurring operating income76A-€363€3,531€312---
Remuneration, social security and pensions62-€45,423€52,368€55,872€23,439€3,592▼ 84.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,879€22,273€28,894€31,601€33,861€36,426▲ 7.6%
Other operating charges640/8-€1,342€51,960€4,416€3,576€3,661▲ 2.4%
Gross operating margin9900€208,257€203,035€280,636€289,326€315,614€314,541▼ 0.3%
Operating profit (loss)9901€178,781€133,997€147,414€197,438€254,739€270,863▲ 6.3%
Financial income75/76B-€4,552€6,384€6,594€9,567€9,921▲ 3.7%
Recurring financial income75€4,773€4,552€6,384€6,594€9,567€9,921▲ 3.7%
Financial charges65/66B-€1,492€8,341€10,971€10,817€12,854▲ 18.8%
Recurring financial charges65€1,155€1,492€8,341€10,971€10,817€12,854▲ 18.8%
Profit (loss) for the period before taxes9903€182,399€137,057€145,457€193,060€253,489€267,930▲ 5.7%
Income taxes67/77€46,989€39,518€42,206€57,780€76,695€80,341▲ 4.8%
Profit (loss) for the period9904€135,410€97,539€103,250€135,281€176,794€187,589▲ 6.1%
Profit (loss) for the period to be appropriated9905€135,410€97,539€103,250€135,281€176,794€187,589▲ 6.1%
Line202020212022202320242025Change
Assets
Total assets20/58€0.2m€0.3m€0.8m€0.9m€1.1m€1.3m▲ 21.7%
Fixed assets21/28€0.08m€0.06m€0.5m€0.5m€0.5m€0.5m▲ 7.7%
Tangible fixed assets22/27€0.08m€0.06m€0.5m€0.5m€0.5m€0.5m▲ 7.7%
Land and buildings22--€0.5m€0.5m€0.4m€0.4m▼ 2.6%
Plant, machinery and equipment23-€0.003m€0.006m€0.01m€0.007m€0.004m▼ 40.5%
Furniture and vehicles24-€0.05m€0.03m€0.02m€0.02m€0.07m▲ 330%
Current assets29/58€0.2m€0.2m€0.3m€0.4m€0.6m€0.8m▲ 32.8%
Stocks and contracts in progress3€0.008m€0.005m€0.008m€0.01m€0.009m€0.008m▼ 14.0%
Stocks30/36-€0.005m€0.008m€0.01m€0.009m€0.008m▼ 14.0%
Amounts receivable within one year40/41€0.03m€0.05m€0.06m€0.04m€0.03m€0.008m▼ 69.3%
Trade receivables40-€0.03m€0.04m€0.04m€0.02m€0.008m▼ 58.5%
Other amounts receivable41-€0.01m€0.02m€0.005m€0.008m€460▼ 94.4%
Current investments50/53----€0.03m€0.03m=
Cash at bank and in hand54/58€0.1m€0.2m€0.3m€0.4m€0.5m€0.7m▲ 40.4%
Deferred charges and accrued income490/1-€0.001m€0.004m€0.002m€0.001m€0.001m▲ 60.7%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.3m€0.8m€0.9m€1.1m€1.3m▲ 21.7%
Equity10/15€0.2m€0.3m€0.4m€0.5m€0.7m€0.9m▲ 28.1%
Contributions10/11-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.1m€0.2m€0.3m€0.4m€0.6m€0.8m▲ 30.6%
Distributable reserves133-€0.2m€0.3m€0.4m€0.6m€0.8m▲ 30.6%
Profit (loss) carried forward14€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m=
Amounts payable17/49€0.08m€0.05m€0.5m€0.4m€0.4m€0.4m▲ 10.7%
Amounts payable after more than one year17€0.04m€0.03m€0.4m€0.4m€0.3m€0.4m▲ 6.7%
Financial debts170/4-€0.03m€0.4m€0.4m€0.3m€0.4m▲ 6.7%
Amounts payable within one year42/48€0.04m€0.03m€0.08m€0.04m€0.04m€0.06m▲ 41.3%
Current portion of amounts payable after more than one year42-€0.01m€0.04m€0.03m€0.02m€0.04m▲ 53.7%
Trade debts44€0.02m€0.009m€0.01m€0.006m€0.004m€0.002m▼ 53.9%
Suppliers440/4-€0.009m€0.01m€0.006m€0.004m€0.002m▼ 53.9%
Taxes, remuneration and social security45--€0.03m€0.003m€0.007m€0.01m▲ 90.1%
Taxes450/3--€0.03m€0.003m€0.007m€0.01m▲ 90.1%
Other amounts payable47/48-€0.003m€0.003m€0.004m€0.01m€0.01m▲ 18.9%
Line202020212022202320242025Change
Profit (loss) for the period9904€135,410€97,539€103,250€135,281€176,794€187,589▲ 6.1%
+ Depreciation and write-downs630€16,879€22,273€28,894€31,601€33,861€36,426▲ 7.6%
Operating cash flow (approximation)€152,289€119,812€132,145€166,881€210,655€224,014▲ 6.3%
Investment in fixed assets (approximation)--€1,200-€480,300-€11,906-€12,651-€72,610▼ 474%
Change in cash-€77,459€60,479€106,959€163,634€212,571▲ 29.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference Document
31-12-2025 micro format 01-07-2026 2026-00233897 NBB
31-12-2024 micro format 09-07-2025 2025-00251980 PDF
31-12-2023 micro format 14-08-2024 2024-00348378 PDF
31-12-2022 micro format 22-08-2023 2023-00346661 PDF
31-12-2021 micro format 18-07-2022 2022-20220155 PDF
31-12-2020 micro format 22-07-2021 2021-38200151 PDF

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