DENICOL MOTOR OILS
ActiveSummary
DENICOL MOTOR OILS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €740k and a net result of €90k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 63% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-5
Solvency82▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.44 in 2024; short-term debt: 37% and cash: 15.4% of total assets), and 42.8% of the assets are financed with debt.
Credit advice 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 · 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
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
57.2%
Return on assets
7%
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
13 d late
2023
12 d late
2022
29 d late
2021
13 d early
2020
31 d late
2019
8 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€740k=
2024 · €740k
2018: €814k
2019: €814k
2020: €814k
2021: €757k
2022: €758k
2023: €740k
2024: €740k
2018 → 2025
Total assets
€1.29M▲ 5.1%
2024 · €1.23M
2018: €1.20M
2019: €1.12M
2020: €1.13M
2021: €1.19M
2022: €1.26M
2023: €1.19M
2024: €1.23M
2018 → 2025
Net result
€90k▼ 32.0%
2024 · €133k
2018: €88k
2019: €107
2020: €26k
2021: €40k
2022: €42k
2023: €-18k
2024: €133k
2018 → 2025
Working capital
€578k▼ 15.1%
2024 · €681k
2018: €691k
2019: €660k
2020: €670k
2021: €616k
2022: €634k
2023: €627k
2024: €681k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€757k-€758k▲ 0.2%€740k▼ 2.4%€740k=€740k=
Operating result€69k-€66k▼ 4.9%€-10k€190k€128k▼ 32.7%
Net result€40k-€42k▲ 5.4%€-18k€133k€90k▼ 32.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€236k ▲ 209%
Current assets
€1.06M ▼ 8.4%
Equity and liabilities €1.29M
Equity
€740k =
Debt
€553k ▲ 12.9%
Debt's share of the balance-sheet total rises from 39.8% to 42.8%. Debt is higher.
Key figures and ratios
EBITDA
€173k▼
2024 · €205k
Cash flow
€135k▼
2024 · €148k
Current ratio
2.21▼
2024 · 2.44
Quick ratio
0.96▼
2024 · 1.12
Debt to equity
0.75▲
2024 · 0.66
ROE
12.2%▼
2024 · 17.9%
ROA
7.0%▼
2024 · 10.8%
Interest coverage
15.91▼
2024 · 17.04
Debt ≤ 1 year
€478k▲
2024 · €472k
Debt > 1 year
€75k▲
2024 · €18k
Income taxes
€27k▼
2024 · €46k
Staff costs
€143k▲
2024 · €126k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.23M€1.29M▲
Fixed assets21/28€76k€236k▲
Tangible fixed assets22/27€76k€236k▲
Land and buildings22€0-
Plant, machinery and equipment23€4k€45k▲
Furniture and vehicles24€31k€19k▼
Leasing and similar rights25-€100k
Other tangible fixed assets26€41k€72k▲
Financial fixed assets28€270€270=
Current assets29/58€1.15M€1.06M▼
Stocks and contracts in progress3€626k€596k▼
Stocks30/36€626k€596k▼
Amounts receivable within one year40/41€389k€249k▼
Trade receivables40€323k€227k▼
Other amounts receivable41€66k€23k▼
Cash at bank and in hand54/58€129k€199k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.29M▲
Equity10/15€740k€740k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€678k€678k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€671k€671k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€490k€553k▲
Amounts payable after more than one year17€18k€75k▲
Financial debts170/4€18k€75k▲
Amounts payable within one year42/48€472k€478k▲
Current portion of amounts payable after more than one year42€157k€176k▲
Financial debts43€3€3=
Credit institutions430/8€3€3=
Trade debts44€150k€143k▼
Suppliers440/4€150k€143k▼
Taxes, remuneration and social security45€30k€38k▲
Taxes450/3€20k€27k▲
Remuneration and social security454/9€10k€12k▲
Other amounts payable47/48€134k€121k▼
Income statement
Code20242025
Non-recurring operating income76A€10k€6k▼
Remuneration, social security and pensions62€126k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€45k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€42k
Other operating charges640/8€7k€7k▼
Non-recurring operating charges66A€8k€2k▼
Gross operating margin9900€347k€367k▲
Operating profit (loss)9901€190k€128k▼
Financial income75/76B€88€394▲
Recurring financial income75€88€394▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€178k€118k▼
Income taxes67/77€46k€27k▼
Profit (loss) for the period9904€133k€90k▼
Profit (loss) for the period to be appropriated9905€133k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€90k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€133k€90k▼
Return on contributions (dividend)694€133k€90k▼
Social balance
Average headcount (FTE)90872.52.5=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
31-12
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet €-18k ▼144%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ranst · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kromstraat 542520 RanstGround area
1,998 m²
Building footprint
928 m²
Volume, LiDAR
4,784 m³
Parcel 11035B0142/00N000, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV DENICOL MOTOR OILS
since 19872.032.906.303
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035B0142/00N000 | Flanders | 1,998 m² | 1 · 928 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 4 entries · 3,445 EUR awarded · 3,580 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,530 EUR | 2,530 EUR |
| 2024 | 2 | 858 EUR | 1,050 EUR |
| 2023 | 1 | 57 EUR | 0 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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AB Texel België
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Wielsbeke · Eq €754k
SCHOLIERS
BE 0445.969.178
Houthalen-Helchteren · Eq €722k
Of 840 companies in sector 46810 we hold annual accounts for 473. 346 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.