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Denocool

Active Private limited companyfounded 2001active for 25 yearsLegen Heirweg 5, 9890 GavereKBO/BCE: BE 0474.550.625

Lifetime

19 annual accounts with figures on one time axis, 24 filings since 2002
peak €306,698 (2024)
€163,850▼ 46.6%
lowest -€30,624 (2008)
€16,868▼ 83.6%
peak €269,510 (2025)
€269,510▲ 6.7%
€137,760▼ 10.9%
peak 3 FTE (2024)
1.5 FTE▼ 50.0%
Board2 names since 2001
1 director
Documentsfilings and deeds
28-05-202628 days late
2025abbreviated format
Gross margin from €306,698 to €163,850Result from €102,997 to €16,868Staff from 3 FTE to 1.5 FTERegistered office moved within Gavere 23-07Investments €57,681Cash from €13,598 to €33,716

Key points

from the 2025 annual accounts

Equity

€269,510 ▲ 6.7%

Denocool has made a profit without a break since 2015.

Result

€16,868 ▼ 83.6%
€103,0002024€16,9002025

The result fell in 2025 from €102,997 to €16,868.

Turnover

≈ €420,000 estimated

The accounts state no turnover.

Investments

€56,340 2.4 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

1 employees on 30-09-2025
102021102023102024022025

In 2025, nobody joined and 2 people left.

Filings

24 annual accounts since 2002
deadline20102020

Seven of the last ten came late. The 2021 accounts came latest: 30 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,044 companies had the same profile as Denocool has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,044 companies, not a prediction for Denocool. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 20-04-2001
Board & ownership

Recent changes

Company renamed from H.L.M. to Denocool “Uitwerking van projecten op het gebied van klimaatbeheersing, koeltechniek, zuivering en voorkomen van…” (deed in Dutch) · General meeting of 30-01-2026 · Gazette deed
Registered office moved within Gavere New registered office: Legen Heirweg 5/D, 9890 Gavere · Previous registered office: Vluchtenboerstraat 43, 9890 Gavere · General meeting of 05-06-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0474550625
Resignation: (director, formerly manager) Reappointment: (director) · General meeting of 26-09-2024 · Gazette deed
All 39 events

Comparable companies

same main activity, similar in size and age
Company
Denocool Gavere €407,270 €163,850 66.2% 1.5
COOL & DRAFT Maldegem €672,041 €132,456 75.3% 1
INDUSTRIELE VENTILATIE TECHNIEKEN Hamont-Achel €665,804 €187,922 91.2% 3.4
LECOUTERE GEBROEDERS Wevelgem €645,718 €126,730 46.4% 1
BELGAFROID Juprelle €615,210 €294,002 46.9% 2.9
ENTRON TECHNICS Herentals €850,524 €279,695 21.9% 1
L.P. COOLING - LE FROID AUTREMENT Namur €899,871 €311,241 32.0% 3.8

These companies have the same main activity as Denocool: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €615,000 and €900,000, founded between 1983 and 2011.

Official details

Source: KBO
Status
Active since 09-04-2001Normal situation
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28250and 4 others
Joint committee
149.01Electricians: installation and distribution · annual accounts 30-09-2025
Establishment unit
2.093.161.0209890 Gavere, since 10-05-2001
Financial year end
30 September
Peppol
Reachable since 07-01-2025
Company details

Annual accounts to 30-09-2025

€407,270=
Employeeson 30-09-2025
1▼ 66.7%
Filing
Filed on 28-05-2026
Financials

Insights on Denocool

Denocool files the abbreviated format. That format states no turnover. The gross margin rose from €70,552 in 2007 to €163,850 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Denocool

What is the company number of Denocool?
The company number of Denocool is 0474.550.625. The VAT number is the same number with BE in front: BE 0474.550.625.
Where is Denocool based?
The registered office is at Legen Heirweg 5, 9890 Gavere.Company details
What does Denocool do?
According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
What is the legal form of Denocool?
Denocool is a private limited company (BV).
When was Denocool founded?
Denocool was founded on 09-04-2001.
Is Denocool still active?
Yes, Denocool is an active enterprise in the KBO register.
How many employees does Denocool have?
Denocool had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Denocool fall under?
In its 30-09-2025 annual accounts, Denocool states joint committee 149.01 (Electricians: installation and distribution).
What is the turnover of Denocool?
The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €163,850 and 1,653 comparable companies of the same size. It probably lies between €250,000 and €780,000. It is a rough estimate.
Is Denocool profitable?
In financial year 2025, Denocool made a profit of €16,868.
Where can I find the annual accounts of Denocool?
Denocool filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Denocool due?
Denocool must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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