DENO
ActiveSummary
DENO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103,432 and a net result of -€60,959. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-68
Solvency42▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.6 in 2023; short-term debt: 80.8% and cash: 29.6% of total assets), and 82.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
17.3%
Return on assets
-10.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 37951 sector peers (2024).
NBB · sector comparisonPosition among 37951 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
13 d early
2022
98 d early
2021
125 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€103,432▼ 37.1%
2023 · €164,391
Total assets
€598,161▲ 0.2%
2023 · €596,845
Net result
-€60,959
2023 · €25,107
Working capital
-€265,285▼ 72.8%
2023 · -€153,550
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€42,965-€62,328▲ 45.1%€65,452▲ 5.0%€32,444▼ 50.4%-€60,296
Net result€34,110-€48,886▲ 43.3%€51,288▲ 4.9%€25,107▼ 51.0%-€60,959
Equity€39,110-€87,996▲ 125%€139,284▲ 58.3%€164,391▲ 18.0%€103,432▼ 37.1%
Total assets€420,950-€560,730▲ 33.2%€590,252▲ 5.3%€596,845▲ 1.1%€598,161▲ 0.2%
Debt€381,840-€472,734▲ 23.8%€450,968▼ 4.6%€432,454▼ 4.1%€494,730▲ 14.4%
Working capital-€334,790--€277,557▲ 17.1%-€210,339▲ 24.2%-€153,550▲ 27.0%-€265,285▼ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €60,296 after €32,444 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €598,161
Fixed assets
€380,169 ▲ 4.7%
Current assets
€217,992 ▼ 6.8%
Equity and liabilities €598,161
Equity
€103,432 ▼ 37.1%
Debt
€494,730 ▲ 14.4%
Debt's share of the balance-sheet total rises from 72.5% to 82.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,259▼
2023 · €70,252
Cash flow
-€21,922▼
2023 · €62,915
Current ratio
0.45▼
2023 · 0.60
Debt to equity
4.78▲
2023 · 2.63
ROE
-58.9%▼
2023 · 15.3%
ROA
-10.2%▼
2023 · 4.2%
Interest coverage
-49.47▼
2023 · 114.13
Debt ≤ 1 year
€483,277▲
2023 · €387,460
Debt > 1 year
€10,173▼
2023 · €30,382
Income taxes
€266▼
2023 · €6,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €70 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,794 | €29,759 | €37,516 | €37,808 | €39,037 | ▲ 3.3% |
| Other operating charges640/8 | - | - | €3,732 | €4,270 | €4,412 | ▲ 3.3% |
| Gross operating margin9900 | €83,658 | €97,292 | €106,770 | €74,522 | -€16,846 | ▼ 123% |
| Operating profit (loss)9901 | €42,965 | €62,328 | €65,452 | €32,444 | -€60,296 | ▼ 286% |
| Financial income75/76B | - | - | - | - | €33 | - |
| Recurring financial income75 | - | - | - | - | €33 | - |
| Financial charges65/66B | - | - | €956 | €616 | €430 | ▼ 30.2% |
| Recurring financial charges65 | €113 | €643 | €956 | €616 | €430 | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | €42,852 | €61,684 | €64,496 | €31,828 | -€60,693 | ▼ 291% |
| Income taxes67/77 | €8,742 | €12,799 | €13,208 | €6,721 | €266 | ▼ 96.0% |
| Profit (loss) for the period9904 | €34,110 | €48,886 | €51,288 | €25,107 | -€60,959 | ▼ 343% |
| Profit (loss) for the period to be appropriated9905 | €34,110 | €48,886 | €51,288 | €25,107 | -€60,959 | ▼ 343% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €420,950 | €560,730 | €590,252 | €596,845 | €598,161 | ▲ 0.2% |
| Fixed assets21/28 | €373,900 | €435,811 | €400,033 | €362,936 | €380,169 | ▲ 4.7% |
| Tangible fixed assets22/27 | €373,900 | €435,811 | €400,033 | €362,936 | €380,169 | ▲ 4.7% |
| Land and buildings22 | - | - | €336,300 | €317,465 | €353,064 | ▲ 11.2% |
| Plant, machinery and equipment23 | - | - | €608 | €486 | €364 | ▼ 25.1% |
| Furniture and vehicles24 | - | - | €63,125 | €44,985 | €26,742 | ▼ 40.6% |
| Current assets29/58 | €47,050 | €124,919 | €190,219 | €233,909 | €217,992 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €12,277 | €12,277 | €20,068 | €23,850 | €37,638 | ▲ 57.8% |
| Trade receivables40 | - | - | €20,068 | €17,545 | €6,299 | ▼ 64.1% |
| Other amounts receivable41 | - | - | - | €6,305 | €31,339 | ▲ 397% |
| Cash at bank and in hand54/58 | €33,473 | €110,043 | €167,221 | €206,962 | €176,827 | ▼ 14.6% |
| Deferred charges and accrued income490/1 | - | - | €2,929 | €3,097 | €3,528 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €420,950 | €560,730 | €590,252 | €596,845 | €598,161 | ▲ 0.2% |
| Equity10/15 | €39,110 | €87,996 | €139,284 | €164,391 | €103,432 | ▼ 37.1% |
| Contributions10/11 | - | - | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €34,110 | €82,996 | €134,284 | €159,391 | €98,432 | ▼ 38.2% |
| Distributable reserves133 | - | - | €134,284 | €159,391 | €98,432 | ▼ 38.2% |
| Amounts payable17/49 | €381,840 | €472,734 | €450,968 | €432,454 | €494,730 | ▲ 14.4% |
| Amounts payable after more than one year17 | - | €70,259 | €50,410 | €30,382 | €10,173 | ▼ 66.5% |
| Financial debts170/4 | - | - | €50,410 | €30,382 | €10,173 | ▼ 66.5% |
| Amounts payable within one year42/48 | €381,840 | €402,476 | €400,558 | €387,460 | €483,277 | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | - | - | €19,849 | €20,028 | €20,209 | ▲ 0.9% |
| Financial debts43 | - | - | €4,385 | €0 | - | - |
| Credit institutions430/8 | - | - | €4,385 | €0 | - | - |
| Trade debts44 | - | €1,107 | €702 | €884 | €99,918 | ▲ 11,199% |
| Suppliers440/4 | - | - | €702 | €884 | €99,918 | ▲ 11,199% |
| Taxes, remuneration and social security45 | - | - | €8,162 | €917 | €103 | ▼ 88.8% |
| Taxes450/3 | - | - | €8,162 | €917 | €103 | ▼ 88.8% |
| Other amounts payable47/48 | - | - | €367,460 | €365,630 | €363,047 | ▼ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | €14,613 | €1,279 | ▼ 91.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,110 | €48,886 | €51,288 | €25,107 | -€60,959 | ▼ 343% |
| + Depreciation and write-downs630 | €1,794 | €29,759 | €37,516 | €37,808 | €39,037 | ▲ 3.3% |
| Operating cash flow (approximation) | €35,904 | €78,645 | €88,804 | €62,915 | -€21,922 | ▼ 135% |
| Investment in fixed assets (approximation) | - | -€91,671 | -€1,738 | -€711 | -€56,271 | ▼ 7,818% |
| Change in cash | - | €76,570 | €57,178 | €39,741 | -€30,136 | ▼ 176% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€60,959
Net result drops to -€60,959, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €164,391 ▲18%
4 profitable years in a row build equity to €164,391.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €51,288 ▲4.9%
Operating result €65,452, net result €51,288, both a record.
31-12
Financial
Equity above €100,000Eq €139,284 ▲58.3%
3 profitable years in a row build equity to €139,284.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ieper · 1 establishment unit since 2019
Ground area
284 m²
Building footprint
499 m²
Volume, LiDAR
2,484 m³
Parcel 33302A0113/00E027, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DENO
since 20192.297.503.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302A0113/00E027 | Flanders | 284 m² | 1 · 499 m² | 15.1 m · 2 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 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,289 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.