Debts
€296,750 86% of the balance sheet
Financial debts 65%Suppliers 1%Taxes and wages 0%Other 34%
Of this, €100,698 falls due within a year.
DENPHI
Overview
Lifetime
6 annual accounts with figures on one time axispeak €71,077 (2021)
€25,414▼ 47.5%
lowest -€26,802 (2020)
-€2,796▼ €31,855
peak €51,210 (2024)
€48,414▼ 5.5%
€296,750▲ 5.8%
Board1 name since 2019
1 director
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €48,453 to €25,414Loss of €2,796Investments €34,336
Key points
from the 2025 annual accountsInvestments
€34,336 1.8 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,547 companies had the same profile as DENPHI has now. Each dot stands for 4 companies, two years later.
91.3%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.5% 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.
| 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 1,547 companies, not a prediction for DENPHI. 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
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 08-11-2019
- 30 sharesdeed of 14-11-2019
- 30 sharesdeed of 14-11-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0737613239
Purpose change
“La société a pour objet, directement ou indirectement, pour son propre compte, toutes activités opérations se…” (deed in French) · General meeting of 01-02-2021 · Gazette deed
New establishment in Arlon
Pâtes à crêpes, Grand-Rue 37
Resignations & appointments
Director in office: · General meeting of 06-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DENPHI Arlon | €345,164 | €25,414 | 14.0% | - |
| JOPS VASTGOED Brecht | €310,872 | €25,779 | 6.4% | - |
| DBCC Berlaar | €337,624 | €21,948 | 4.5% | - |
| ISALA Awans | €314,121 | €25,557 | 5.1% | - |
| TSN IMMO Jette | €293,123 | €28,018 | -2.9% | - |
| YEKELER INVEST Kapellen | €305,692 | €26,555 | 10.2% | - |
| IMMO GEVACO Mol | €332,121 | €31,085 | 14.1% | - |
These companies have the same main activity as DENPHI: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €293,000 and €338,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 12-11-2019Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment units
- 2.298.346.3086700 Arlon, since 01-02-2020
- 2.312.120.4076700 Arlon, since 15-02-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 25-12-2025
Annual accounts 2025
- €25,414▼ 47.5%
- ≈ €43,000estimated
- €2,796
- €48,414▼ 5.5%
- €345,164▲ 4.1%
- Filing
- Filed on 30-09-2026
Insights on DENPHI
DENPHI files the micro format. That format states no turnover. The gross margin rose from €904 in 2020 to €25,414 in 2025.
The balance sheet grew most in 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days late€25,414
▼ 47.5%
€2,263
▼ 93.3%
-€2,796
▼ €31,855
-€95,907
▼ €34,547
14.0%
▼ 1.4 percentage points
0.05
▼ 0.05
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €43,000. Estimated: probably between €31,000 and €67,000.
Balance sheet
balance sheet total €345,164 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
14.0%
Higher than 35% of 19,813 companies in 2025.
0.05
Higher than 7% of 18,987 companies in 2025.
-0.8%
Higher than 32% of 19,456 companies in 2025.
DENPHI
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
345,164 | 331,657 | 320,036 | 351,184 | 376,597 | 190,099 | |
21/28 |
340,373 | 324,664 | 314,516 | 348,548 | 360,669 | 181,938 | |
21 |
- | - | - | 27 | 247 | - | |
22/27 |
336,380 | 320,671 | 310,523 | 344,528 | 356,428 | 177,945 | |
22 |
335,723 | 318,388 | 308,822 | 335,135 | 345,055 | 177,945 | |
23 |
533 | 1,677 | 611 | 3,578 | 5,682 | - | |
24 |
124 | 607 | 1,090 | 5,815 | 5,692 | - | |
28 |
3,993 | 3,993 | 3,993 | 3,993 | 3,993 | 3,993 | |
29/58 |
4,791 | 6,992 | 5,521 | 2,636 | 15,928 | 8,161 | |
40/41 |
- | 2,987 | 4,247 | - | 8,167 | 7,694 | |
40 |
- | 1,497 | 1,470 | - | 8,167 | 7,260 | |
41 |
- | 1,490 | 2,777 | - | - | 434 | |
54/58 |
4,250 | 3,484 | 837 | 2,023 | 7,761 | 467 | |
490/1 |
540 | 521 | 436 | 613 | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
345,164 | 331,657 | 320,036 | 351,184 | 376,597 | 190,099 | |
10/15 |
48,414 | 51,210 | 22,151 | 42,748 | 45,635 | -6,802 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
14 |
28,414 | 31,210 | 2,151 | 22,748 | 25,635 | -26,802 | |
16 |
- | - | 4,000 | 3,640 | 1,640 | - | |
160/5 |
- | - | 4,000 | 3,640 | 1,640 | - | |
164/5 |
- | - | 4,000 | 3,640 | 1,640 | - | |
17/49 |
296,750 | 280,447 | 293,885 | 304,796 | 329,322 | 196,901 | |
17 |
191,552 | 210,094 | 228,345 | 246,310 | 263,993 | 153,213 | |
170/4 |
191,552 | 210,094 | 228,345 | 246,310 | 263,993 | 153,213 | |
42/48 |
100,698 | 68,353 | 65,540 | 55,566 | 65,328 | 43,688 | |
42 |
18,542 | 18,251 | 17,965 | 19,144 | 17,406 | - | |
44 |
3,016 | 4,742 | 6,349 | 3,300 | 3,260 | 1,323 | |
440/4 |
3,016 | 4,742 | 6,349 | 3,300 | 3,260 | 1,323 | |
45 |
1,302 | 50 | 812 | 702 | 2,207 | 105 | |
450/3 |
1,302 | 50 | 812 | 702 | 2,207 | 105 | |
47/48 |
77,838 | 45,309 | 40,414 | 32,420 | 42,455 | 42,260 | |
492/3 |
4,500 | 2,000 | - | 2,920 | - | - | |
| Income statement | |||||||
76A |
- | 23,175 | - | 5 | 5,978 | - | |
9900 |
25,414 | 48,453 | 16,180 | 29,197 | 71,077 | 904 | |
630 |
18,627 | 13,026 | 29,666 | 20,599 | 8,739 | 23,169 | |
635/8 |
- | -4,000 | 360 | 2,000 | 1,640 | - | |
640/8 |
4,444 | 2,808 | 2,771 | 3,627 | 1,749 | 618 | |
66A |
80 | 2,777 | 77 | - | - | - | |
9901 |
2,263 | 33,843 | -16,693 | 2,972 | 58,949 | -22,883 | |
75/76B |
- | - | 1,185 | 0 | 0 | 0 | |
75 |
- | - | - | 0 | 0 | 0 | |
76B |
- | - | 1,185 | - | - | - | |
65/66B |
5,060 | 4,784 | 5,089 | 5,859 | 6,512 | 3,919 | |
65 |
5,060 | 4,784 | 5,089 | 5,859 | 6,512 | 3,919 | |
9903 |
-2,796 | 29,059 | -20,597 | -2,887 | 52,438 | -26,802 | |
9904 |
-2,796 | 29,059 | -20,597 | -2,887 | 52,438 | -26,802 | |
9905 |
-2,796 | 29,059 | -20,597 | -2,887 | 52,438 | -26,802 | |
| Appropriation of the result | |||||||
9906 |
28,414 | 31,210 | 2,151 | 22,748 | 25,635 | -26,802 | |
14P |
31,210 | 2,151 | 22,748 | 25,635 | -26,802 | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537492.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00537492 | |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00500141 | |
| 31-12-2023 | micro format | 03-10-2024 | 2024-00494380 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00483026 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20202759 | |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47900339 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 20,890 | 46,869 | 12,972 | 23,571 | 67,689 | 286 | ||
| 15,831 | 42,085 | 9,069 | 17,712 | 61,177 | -3,633 | ||
| 34,336 | 23,175 | 1,448 | 8,479 | 187,470 | 203,956 | ||
| 766 | 2,647 | -1,185 | -5,739 | 7,295 | - | ||
| -95,907 | -61,360 | -60,019 | -52,931 | -49,400 | -35,528 | ||
| 14.0% | 15.4% | 6.9% | 12.2% | 12.1% | -3.6% | ||
| 0.05 | 0.10 | 0.08 | 0.05 | 0.24 | 0.19 | ||
| 6.13 | 5.48 | 13.27 | 7.13 | 7.22 | - | ||
| -5.8% | 56.7% | -93.0% | -6.8% | 114.9% | - | ||
| -0.8% | 8.8% | -6.4% | -0.8% | 13.9% | -14.1% | ||
| 4.13 | 9.80 | 2.55 | 4.02 | 10.39 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €34,336 | - | €1,448 | €8,479 | €187,120 |
| Intangible fixed assets | - | - | - | - | €350 |
| €18,627 | €13,026 | €29,666 | €20,599 | €8,739 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DENPHI
The operating result for 2025 is 93% lower than in 2024.
Debt's share of the balance-sheet total rises from 84.6% to 86.0%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 08-11-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de…”deed of 14-11-2019
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 08-11-2019 to date
Control
Founders
,
This company
DENPHI
Equity €48,414
Loss €2,796 in 2025
Capital
- Contribution
- €20,000
- Shares
- 60
- Contribution per share
- €333
- Equity per share
- €807 in 2025
- Source
- deed of 14-11-2019
Articles of association
deed of 14-11-2019 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 14:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 14-11-2019 ↗
- 30 shares (50%) · €10,000
- 30 shares (50%) · €10,000
Network & group
No group
DENPHI has no parent and no holdings in its annual accounts. is the only director. DENPHI shares no director with another company.
Timeline
Timeline
14 events since 2019Board
Filings
Financial
Establishments
Other
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 61 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0737613239
Annual accounts 2024 filed PDFmicro format · 54 days late
2024
Back to profit net €29,059 The net result is €29,059, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 64 days late
2023
Annual accounts 2022 filed PDFmicro format · 71 days late
2022
Annual accounts 2021 filed PDFmicro format · 11 days before the deadline
2021
Back to profit net €52,438 The net result is €52,438, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 11 days late
Purpose change“La société a pour objet, directement ou indirectement, pour son propre compte, toutes activités opérations se…” (deed in French) · General meeting of 01-02-20211 point ▸
- General meeting, 01-02-2021
- The deed holds 2 more points.
New establishment in Arlon Pâtes à crêpes, Grand-Rue 37
2020
Resignations & appointmentsDirector in office: · General meeting of 06-07-20201 point ▸
- General meeting, 06-07-2020
First establishment Waltzing, rue des Frênes 14, Arlon
2019
IncorporationFounding capital of €20,000, 60 shares · Founder: · Appointment: (director) · published on 14-11-20195 points ▸
- Founder,
- Founding capital, €20,000, 60 shares
- Registered office clause, rue des Frênes 14, 6700 Waltzing (Arlon)
- Board rule, 1
- Director appointment, (director (not named in the articles))
- The deed holds 5 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0737.613.239
- VAT number
- BE 0737.613.239
- Peppol ID
- 0208:0737613239
- Other Peppol ID
- 9925:BE0737613239
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-11-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 14:00deed of 14-11-2019 (in French)
- Peppol
- Reachable since 25-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DENPHI in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-11-2019 (in French)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La société a pour objet, directement ou indirectement, pour son propre compte, toutes activités opérations se rapportant à la constitution…”deed of 02-03-2021 (in French)
4 activities
- La société a pour objet, directement ou indirectement, pour son propre compte, toutes activités opérations se rapportant à la constitution et à la gestion d'un patrimoine mobilier et/ou immobilier et la location-financement de biens meubles et/ou immeubles aux tiers, notamment l'acquisition par l'achat ou autrement, la vente, l'échange, la construction, la transformation, l'amélioration, l'équipement, l'aménagement, l'embellissement, l'entretien, la location, la prise en location, le lotissement, la prospection et l'exploitation de biens meubles et/ou immeubles, ainsi que toutes les opérations qui, directement ou indirectement sont en relation avec l'objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine mobilier et/ou immobilier, de même que se porter caution pour la bonne fin d'engagements pris par des tiers qui auraient la jouissance de ces biens meubles et/ou immeubles.
- Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca, l'organisation de banquets et réceptions, le service traiteur, y compris l'organisation, la gestion et l'exploitation de restaurants, cafétérias, débits de boissons, ainsi que toutes opérations de tourisme, d'hôtellerie, de divertissements et de loisirs;
- L'exploitation, sous sa propre enseigne ou par voie de franchise ou licence de tout snack-bar, cafétéria, sandwicherie, service de cuisine rapide ou de petite restauration, de tout service traiteur et/ou d'un ou plusieurs restaurants, ainsi que la livraison à domicile et la vente ambulante;
- L'importation et l'exportation de tous produits se rapportant à l'objet de la société.
Registered office and establishments
2 establishments| Establishment | Since | Unit number |
|---|---|---|
| Waltzing, rue des Frênes 14 registered office 6700 Arlon 6820301 Renting and operating of own or leased non-residential real estate, excluding land | 01-02-2020 | 2.298.346.308 |
| Pâtes à crêpes Grand-Rue 37, 6700 Arlon 56112 Limited-service restaurants, excluding mobile food services | 15-02-2021 | 2.312.120.407 |
Buildings and parcels at the addresses
- Ground area
- 1,812 m²
- Buildings
- 510 m²
- Volume, LiDAR
- 2,793 m³
- Tallest building
- 17.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 81006D2028/00A000 | 1,738 m² | 1 · 470 m² | 6.7 m · 1 |
| 81001A0194/00K000 | 74 m² | 1 · 41 m² | 17.0 m · 5 |
Contact
E-mail
philas@me.com
Phone
+352691257216