DENIS DELFORGE
ActiveDENIS DELFORGE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84k and a net result of €6k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
79
/ 100
Excellent▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▼-66
Solvency77▲+8
Growth32=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.35 in 2023), but 59.1% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
40.9%
Return on assets
2.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
8 d early
2022
7 d late
2021
3 d late
2020
20 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€84k▲ 7.2%
2023 · €79k
2020: €98k
2021: €50k
2022: €63k
2023: €79k
2020 → 2024
Total assets
€207k▲ 3.5%
2023 · €200k
2020: €229k
2021: €256k
2022: €200k
2023: €200k
2020 → 2024
Net result
€6k▼ 64.9%
2023 · €16k
2020: €84k
2021: €-48k
2022: €13k
2023: €16k
2020 → 2024
Working capital
€77k▲ 83.6%
2023 · €42k
2020: €-11k
2021: €-44k
2022: €-2k
2023: €42k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€50k▼ 49.1%€63k▲ 25.8%€79k▲ 25.8%€84k▲ 7.2%
Operating result€37k-€-42k€14k€19k▲ 34.7%€9k▼ 53.0%
Net result€84k-€-48k€13k€16k▲ 25.7%€6k▼ 64.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€8k▼ 78.4%
Current assets
€198k▲ 23.4%
Equity and liabilities €207k
Equity
€84k▲ 7.2%
Debt
€122k▲ 1.0%
The debt ratio falls from 60.6% to 59.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€39k▼
2023 · €50k
Cash flow
€36k▼
2023 · €47k
Solvency
40.9%▲
2023 · 39.4%
Current ratio
1.63▲
2023 · 1.35
Quick ratio
1.55▲
2023 · 1.23
Debt / equity
1.45▼
2023 · 1.54
ROE
6.7%▼
2023 · 20.5%
ROA
2.7%▼
2023 · 8.1%
Interest coverage
32.29▼
2023 · 35.72
Debt
€122k▲
2023 · €121k
Debt ≤ 1 year
€121k▲
2023 · €119k
Income taxes
€6k▲
2023 · €3k
Staff costs
€111k▲
2023 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€200k€207k▲
Fixed assets
21/28€39k€8k▼
Intangible fixed assets
21€34k€4k▼
Tangible fixed assets
22/27€5k€4k▼
Financial fixed assets
28€721€721=
Current assets
29/58€161k€198k▲
Stocks & contracts in progress
3€15k€10k▼
Amounts receivable within one year
40/41€142k€184k▲
Cash & bank
54/58€138€31▼
Total equity & liabilities
10/49€200k€207k▲
Equity
10/15€79k€84k▲
Contributions / capital
10/11€12k€12k=
Reserves
13€66k€71k▲
Accumulated profits (losses)
14€565€1k▲
Amounts payable
17/49€121k€122k▲
Amounts payable within one year
42/48€119k€121k▲
Trade debts payable within one year
44€78k€80k▲
Income statement
Code20232024
Gross operating margin
9900€129k€154k▲
Operating result
9901€19k€9k▼
Financial income
75€2k€4k▲
Financial charges
65€1k€1k▼
Result before taxes
9903€19k€12k▼
Income taxes
67/77€3k€6k▲
Net result for the period
9904€16k€6k▼
Result to be appropriated
9905€16k€6k▼
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Weakest financial yearnet €-48k ▼157%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 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
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Of 9,467 companies in sector 43222 we hold annual accounts for 5,573. 4,803 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2017
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 05-09-2026. Scores and ratios are computed by Checked and are not a credit decision.