DENIWOL
ActiveDENIWOL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229k and a net result of €106k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 26052 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+24
Solvency82▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 2.17 in 2023; short-term debt: 43.4% and cash: 71.6% of total assets), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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
not confirmed
2024
36 d late
2023
55 d late
2022
60 d late
2021
4 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€229k▲ 2.1%
2023 · €224k
2018: €156k
2019: €167k
2020: €181k
2021: €202k
2022: €204k
2023: €224k
2018 → 2024
Total assets
€404k▲ 16.6%
2023 · €347k
2018: €238k
2019: €253k
2020: €312k
2021: €303k
2022: €308k
2023: €347k
2018 → 2024
Net result
€106k▲ 424%
2023 · €20k
2018: €33k
2019: €10k
2020: €14k
2021: €22k
2022: €2k
2023: €20k
2018 → 2024
Working capital
€156k▲ 11.5%
2023 · €140k
2018: €152k
2019: €164k
2020: €176k
2021: €202k
2022: €201k
2023: €140k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€202k▲ 11.9%€204k▲ 0.8%€224k▲ 9.9%€229k▲ 2.1%
Operating result€14k-€27k▲ 97.0%€68▼ 99.8%€26k▲ 38,156%€146k▲ 465%
Net result€14k-€22k▲ 54.6%€2k▼ 92.6%€20k▲ 1,161%€106k▲ 424%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 465% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €404k
Fixed assets
€72k▼ 16.6%
Current assets
€332k▲ 27.6%
Equity and liabilities €404k
Equity
€229k▲ 2.1%
Debt
€176k▲ 42.9%
The debt ratio rises from 35.4% to 43.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171k▲
2023 · €45k
Cash flow
€130k▲
2023 · €39k
Solvency
56.6%▼
2023 · 64.6%
Current ratio
1.89▼
2023 · 2.17
Quick ratio
1.81▼
2023 · 1.98
Debt / equity
0.77▲
2023 · 0.55
ROE
46.2%▲
2023 · 9.0%
ROA
26.1%▲
2023 · 5.8%
Interest coverage
68.34▲
2023 · 32.15
Debt
€176k▲
2023 · €123k
Debt ≤ 1 year
€176k▲
2023 · €120k
Income taxes
€44k▲
2023 · €8k
Staff costs
€15k▲
2023 · €11k
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
Assets
Total assets20/58€347k€404k▲
Fixed assets21/28€87k€72k▼
Tangible fixed assets22/27€87k€72k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€80k€61k▼
Other tangible fixed assets26€4k€8k▲
Financial fixed assets28€198€198=
Current assets29/58€260k€332k▲
Stocks and contracts in progress3€23k€14k▼
Stocks30/36€23k€14k▼
Amounts receivable within one year40/41€66k€19k▼
Trade receivables40€41k€3k▼
Other amounts receivable41€24k€16k▼
Cash at bank and in hand54/58€159k€290k▲
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€347k€404k▲
Equity10/15€224k€229k▲
Contributions10/11€20k€20k=
Reserves13€161k€165k▲
Distributable reserves133€161k€165k▲
Profit (loss) carried forward14€43k€43k=
Amounts payable17/49€123k€176k▲
Amounts payable within one year42/48€120k€176k▲
Current portion of amounts payable after more than one year42€5k-
Trade debts44€90k€49k▼
Suppliers440/4€90k€49k▼
Taxes, remuneration and social security45€16k€31k▲
Taxes450/3€15k€29k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€9k€96k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€11k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€25k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€58k€188k▲
Operating profit (loss)9901€26k€146k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€28k€150k▲
Income taxes67/77€8k€44k▲
Profit (loss) for the period9904€20k€106k▲
Profit (loss) for the period to be appropriated9905€20k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€149k▲
Profit (loss) brought forward from the previous period14P€43k€43k=
Transfer from equity791/2-€101k
Transfer to equity691/2€20k€106k▲
To other reserves6921€20k€106k▲
Profit to be distributed694/7-€101k
Return on contributions (dividend)694-€101k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial
Highest result since 2018net €106k ▲424%
Operating result €146k, net result €106k, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼92.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Equity above €200kEq €202k ▲11.9%
4 profitable years in a row build equity to €202k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Merchtem · 1 establishment unit since 2011
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.
Wolvertemsesteenweg 2301785 MerchtemGround area
840 m²
Building footprint
405 m²
Volume, LiDAR
2,810 m³
Parcel 23012C0055/02R002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wolvertemsesteenweg 230, 1785 Merchtem
since 20112.300.871.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012C0055/02R002 | Flanders | 840 m² | 1 · 405 m² | 9.6 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.
Similar companies · same sector, comparable size
H.G.N.
BE 0445.713.713
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MFT GASPAR
BE 0402.335.313
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STEVENS MEUBEL
BE 0841.397.103
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Keukens Cuisines
BE 0560.736.511
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Riga De Wolf - Matthys
BE 0435.117.650
Meise · Eq €227k
Of 2,610 companies in sector 47551 we hold annual accounts for 1,717. 1,327 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2010
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.