Denolf Giel
ActiveThe computed 12-month bankruptcy probability of Denolf Giel is 2.1% (moderate). The 2025 annual accounts show equity of €140k and a net result of €25k. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 27711 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-12
Solvency42▼-26
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 2.57 in 2024; short-term debt: 18.2% and cash: 6.6% of total assets), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
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
16.7%
Return on assets
2.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
30 d early
2023
30 d early
2022
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€140k▲ 19.6%
2024 · €117k
2022: €47k
2023: €85k
2024: €117k
2022 → 2025
Total assets
€843k▲ 209%
2024 · €273k
2022: €113k
2023: €149k
2024: €273k
2022 → 2025
Net result
€25k▼ 27.9%
2024 · €34k
2022: €44k
2023: €39k
2024: €34k
2022 → 2025
Working capital
€48k▼ 30.8%
2024 · €69k
2022: €29k
2023: €32k
2024: €69k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€47k-€85k▲ 80.1%€117k▲ 38.3%€140k▲ 19.6%
Operating result€53k-€50k▼ 5.4%€46k▼ 9.5%€31k▼ 31.3%
Net result€44k-€39k▼ 9.9%€34k▼ 13.3%€25k▼ 27.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 31% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €843k
Fixed assets
€642k▲ 300%
Current assets
€201k▲ 78.6%
Equity and liabilities €843k
Equity
€140k▲ 19.6%
Debt
€703k▲ 351%
The debt ratio rises from 57.0% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84k▲
2024 · €75k
Cash flow
€77k▲
2024 · €64k
Solvency
16.7%▼
2024 · 43.0%
Current ratio
1.31▼
2024 · 2.57
Quick ratio
1.20▼
2024 · 1.51
Debt / equity
5.00▲
2024 · 1.33
ROE
17.6%▼
2024 · 29.1%
ROA
2.9%▼
2024 · 12.5%
Interest coverage
12.40▼
2024 · 23.51
Debt
€703k▲
2024 · €156k
Debt ≤ 1 year
€154k▲
2024 · €44k
Debt > 1 year
€547k▲
2024 · €111k
Income taxes
€0▼
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€273k€843k▲
Fixed assets21/28€160k€642k▲
Tangible fixed assets22/27€160k€642k▲
Land and buildings22-€519k
Plant, machinery and equipment23€79k€63k▼
Furniture and vehicles24€10k€7k▼
Leasing and similar rights25€71k€52k▼
Current assets29/58€113k€201k▲
Stocks and contracts in progress3€46k€18k▼
Stocks30/36€46k€18k▼
Amounts receivable within one year40/41€30k€124k▲
Trade receivables40€7k€5k▼
Other amounts receivable41€23k€119k▲
Cash at bank and in hand54/58€28k€55k▲
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€273k€843k▲
Equity10/15€117k€140k▲
Contributions10/11€5k€5k=
Reserves13€112k€135k▲
Distributable reserves133€112k€135k▲
Amounts payable17/49€156k€703k▲
Amounts payable after more than one year17€111k€547k▲
Financial debts170/4€111k€547k▲
Amounts payable within one year42/48€44k€154k▲
Current portion of amounts payable after more than one year42€16k€33k▲
Trade debts44€21k€117k▲
Suppliers440/4€21k€117k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€748€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€286
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€53k▲
Other operating charges640/8€536€1k▲
Gross operating margin9900€75k€85k▲
Operating profit (loss)9901€46k€31k▼
Financial income75/76B€16€88▲
Recurring financial income75€16€88▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€42k€25k▼
Income taxes67/77€8k€0▼
Profit (loss) for the period9904€34k€25k▼
Profit (loss) for the period to be appropriated9905€34k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€25k▼
Transfer to equity691/2€33k€23k▼
To other reserves6921€33k€23k▼
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €25k ▼27.9%
Net result drops to €25k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €117k ▲38.3%
3 profitable years in a row build equity to €117k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2022
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.
Dikkebusseweg 5538900 IeperGround area
221 m²
Building footprint
119 m²
Volume, LiDAR
563 m³
Parcel 33005B0611/02L000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Denolf Giel
since 20222.334.697.948
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33005B0611/02L000 | Flanders | 221 m² | 1 · 119 m² | 8.5 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 259 EUR awarded · 188 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 259 EUR | 188 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2022
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.