Denizler
ActiveSummary
Denizler has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,189 and a net result of €73,424. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 51% of 4814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+3
Solvency65▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.72 in 2024; short-term debt: 60% and cash: 0.5% of total assets), but 60% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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
40%
Return on assets
11.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
89 d early
2023
11 d early
2022
20 d early
2021
52 d early
2020
30 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 10 April (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€258,189▲ 39.7%
2024 · €184,765
Total assets
€645,883▲ 50.5%
2024 · €429,248
Net result
€73,424▲ 64.7%
2024 · €44,591
Working capital
€248,784▲ 41.9%
2024 · €175,360
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€203€14,002€6,679▼ 52.3%€62,469▲ 835%€94,570▲ 51.4%
Net result-€796below the sector's middle half€10,137within the sector's middle half€3,070within the sector's middle half▼ 69.7%€44,591above the sector's middle half▲ 1,353%€73,424above the sector's middle half▲ 64.7%
Equity€126,967above the sector's middle half▼ 0.6%€137,104above the sector's middle half▲ 8.0%€140,173above the sector's middle half▲ 2.2%€184,765above the sector's middle half▲ 31.8%€258,189above the sector's middle half▲ 39.7%
Total assets€157,942within the sector's middle half▼ 42.2%€189,893within the sector's middle half▲ 20.2%€184,946within the sector's middle half▼ 2.6%€429,248above the sector's middle half▲ 132%€645,883above the sector's middle half▲ 50.5%
Debt€30,975▼ 78.7%€52,789▲ 70.4%€44,773▼ 15.2%€244,483▲ 446%€387,694▲ 58.6%
Working capital€126,697above the sector's middle half▲ 124%€136,834above the sector's middle half▲ 8.0%€130,768above the sector's middle half▼ 4.4%€175,360above the sector's middle half▲ 34.1%€248,784above the sector's middle half▲ 41.9%
Solvency80.4%above the sector's middle half▲ 33.6pp72.2%above the sector's middle half▼ 8.2pp75.8%above the sector's middle half▲ 3.6pp43.0%within the sector's middle half▼ 32.7pp40.0%within the sector's middle half▼ 3.1pp
Current ratio5.09above the sector's middle half▲ 3.703.59above the sector's middle half▼ 1.503.92above the sector's middle half▲ 0.331.72within the sector's middle half▼ 2.201.64within the sector's middle half▼ 0.08
Return on assets (ROA)-0.5%below the sector's middle half▼ 27.3pp5.3%within the sector's middle half▲ 5.8pp1.7%within the sector's middle half▼ 3.7pp10.4%within the sector's middle half▲ 8.7pp11.4%within the sector's middle half▲ 1.0pp
Staff (FTE)0.91▲ 11.1%1.1▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €645,883
Fixed assets
€9,405 =
Current assets
€636,478 ▲ 51.6%
Equity and liabilities €645,883
Equity
€258,189 ▲ 39.7%
Debt
€387,694 ▲ 58.6%
Debt's share of the balance-sheet total rises from 57.0% to 60.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.50▲
2024 · 1.32
ROE
28.4%▲
2024 · 24.1%
Debt ≤ 1 year
€387,694▲
2024 · €244,483
Income taxes
€28,454▲
2024 · €16,694
Staff costs
€61,468▲
2024 · €54,725
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38,864 | €54,725 | €61,468 | ▲ 12.3% |
| Other operating charges640/8 | - | €250 | €8,718 | €15,570 | €15,086 | ▼ 3.1% |
| Gross operating margin9900 | €5,847 | €14,252 | €54,261 | €132,765 | €171,124 | ▲ 28.9% |
| Operating profit (loss)9901 | -€203 | €14,002 | €6,679 | €62,469 | €94,570 | ▲ 51.4% |
| Financial income75/76B | - | - | €0 | €4 | €7,848 | ▲ 184,553% |
| Recurring financial income75 | - | - | €0 | €4 | €7,848 | ▲ 184,553% |
| Financial charges65/66B | - | €175 | €606 | €1,188 | €540 | ▼ 54.5% |
| Recurring financial charges65 | €147 | €175 | €606 | €1,188 | €540 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | -€350 | €13,827 | €6,073 | €61,285 | €101,878 | ▲ 66.2% |
| Income taxes67/77 | €446 | €3,690 | €3,003 | €16,694 | €28,454 | ▲ 70.4% |
| Profit (loss) for the period9904 | -€796 | €10,137 | €3,070 | €44,591 | €73,424 | ▲ 64.7% |
| Profit (loss) for the period to be appropriated9905 | -€796 | €10,137 | €3,070 | €44,591 | €73,424 | ▲ 64.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,942 | €189,893 | €184,946 | €429,248 | €645,883 | ▲ 50.5% |
| Fixed assets21/28 | €270 | €270 | €9,405 | €9,405 | €9,405 | = |
| Financial fixed assets28 | €270 | €270 | €9,405 | €9,405 | €9,405 | = |
| Current assets29/58 | €157,672 | €189,623 | €175,541 | €419,843 | €636,478 | ▲ 51.6% |
| Amounts receivable within one year40/41 | €157,671 | €189,623 | €173,911 | €282,417 | €629,461 | ▲ 123% |
| Trade receivables40 | - | €33,035 | €1,780 | €282,271 | €619,455 | ▲ 119% |
| Other amounts receivable41 | - | €156,588 | €172,131 | €145 | €10,006 | ▲ 6,789% |
| Cash at bank and in hand54/58 | €1 | - | €1,630 | €134,258 | €3,415 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,168 | €3,602 | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,942 | €189,893 | €184,946 | €429,248 | €645,883 | ▲ 50.5% |
| Equity10/15 | €126,967 | €137,104 | €140,173 | €184,765 | €258,189 | ▲ 39.7% |
| Contributions10/11 | - | €68,600 | €68,600 | €68,600 | €68,600 | = |
| Profit (loss) carried forward14 | €58,367 | €68,504 | €71,573 | €116,165 | €189,589 | ▲ 63.2% |
| Amounts payable17/49 | €30,975 | €52,789 | €44,773 | €244,483 | €387,694 | ▲ 58.6% |
| Amounts payable within one year42/48 | €30,975 | €52,789 | €44,773 | €244,483 | €387,694 | ▲ 58.6% |
| Financial debts43 | - | €67 | - | - | - | - |
| Credit institutions430/8 | - | €67 | - | - | - | - |
| Trade debts44 | - | €10,776 | €14,261 | €198,119 | €326,148 | ▲ 64.6% |
| Suppliers440/4 | - | €10,776 | €14,261 | €198,119 | €326,148 | ▲ 64.6% |
| Taxes, remuneration and social security45 | - | €4,136 | €30,512 | €46,364 | €61,547 | ▲ 32.7% |
| Taxes450/3 | - | €4,136 | €23,777 | €41,205 | €49,383 | ▲ 19.8% |
| Remuneration and social security454/9 | - | - | €6,735 | €5,159 | €12,164 | ▲ 136% |
| Other amounts payable47/48 | - | €37,810 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€796 | €10,137 | €3,070 | €44,591 | €73,424 | ▲ 64.7% |
| Operating cash flow (approximation) | -€796 | €10,137 | €3,070 | €44,591 | €73,424 | ▲ 64.7% |
| Investment in fixed assets (approximation) | - | €0 | -€9,135 | €0 | €0 | - |
| Change in cash | - | - | - | €132,628 | -€130,843 | ▼ 199% |
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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €73,424 ▲64.7%
Net result €73,424, the highest in the series.
30-09
Financial
Equity above €200,000Eq €258,189 ▲39.7%
4 profitable years in a row build equity to €258,189.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150,000Eq €184,765 ▲31.8%
3 profitable years in a row build equity to €184,765.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €10,137
Net result €10,137 after one loss-making year.
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 5.09
Current ratio from 1.39 to 5.09; short-term debt falls from €145,499 to €30,975.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €73,323
Net result €73,323 after one loss-making year.
Show earlier events
30-09
Financial
Liquidity doublescurrent ratio 1.39
Current ratio from 0.62 to 1.39; short-term debt falls from €361,330 to €145,499.
30-09
Financial
Equity above €100,000Eq €127,763 ▲135%
Equity rises from €54,440 to €127,763.
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 2003
Ground area
327 m²
Building footprint
298 m²
Volume, LiDAR
1,592 m³
Parcel 12040A0589/00S000, Flanders · tallest building 14.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DENIZLER BVBA
since 20032.136.043.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0589/00S000 | Flanders | 327 m² | 1 · 298 m² | 14.9 m · 1 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.
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 6,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded14-04-2003
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
43320Joinery installation
46471Wholesale trade
47551Retail sale of household furniture
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480002916
Also
9925:BE0480002916
Registered
07-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.