DENSECO
ActiveSummary
DENSECO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-18k) and a net result of €39k. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 8% of 1077 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+61
Solvency22▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.0 against 0.98 in 2023; short-term debt: 93.6% and cash: 5.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
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
-3%
Return on assets
6.4%
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 8% of 1077 sector peers (2024).
NBB · sector comparisonPosition among 1077 sector peers
Solvency
better than 8%
← 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 24-03-2025, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
129 d early
2023
47 d early
2022
39 d early
2021
2 d early
2020
31 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-18k▲ 68.3%
2023 · €-56k
2018: €120k
2019: €105k
2020: €109k
2021: €112k
2022: €87k
2023: €-56k
2018 → 2024
Total assets
€605k▼ 10.1%
2023 · €673k
2018: €623k
2019: €659k
2020: €696k
2021: €682k
2022: €695k
2023: €673k
2018 → 2024
Net result
€39k
2023 · €-143k
2018: €7k
2019: €12k
2020: €4k
2021: €13k
2022: €19k
2023: €-143k
2018 → 2024
Working capital
€2k
2023 · €-15k
2018: €82k
2019: €61k
2020: €68k
2021: €64k
2022: €77k
2023: €-15k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€112k▲ 3.0%€87k▼ 22.6%€-56k€-18k▲ 68.3%
Operating result€20k-€39k▲ 88.4%€33k▼ 14.2%€-125k€66k
Net result€4k-€13k▲ 214%€19k▲ 46.9%€-143k€39k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €66k after a loss of €125k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €605k
Fixed assets
€37k ▲ 7.1%
Current assets
€568k ▼ 11.0%
Key figures and ratios
EBITDA
€78k▲
2023 · €-112k
Cash flow
€50k▲
2023 · €-131k
Solvency
-3.0%▲
2023 · -8.4%
Current ratio
1.00▲
2023 · 0.98
Debt to equity
-34.85▼
2023 · -12.94
ROA
6.4%▲
2023 · -21.3%
Interest coverage
4.08▲
2023 · -9.86
Debt
€623k▼
2023 · €729k
Debt ≤ 1 year
€566k▼
2023 · €653k
Debt > 1 year
€57k▼
2023 · €76k
Income taxes
€11k▲
2023 · €9k
Staff costs
€2.91M▼
2023 · €3.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€673k€605k▼
Fixed assets21/28€35k€37k▲
Tangible fixed assets22/27€35k€37k▲
Land and buildings22€18k€16k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€10k€19k▲
Financial fixed assets28€29€50▲
Current assets29/58€638k€568k▼
Amounts receivable within one year40/41€559k€516k▼
Trade receivables40€556k€514k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€66k€35k▼
Deferred charges and accrued income490/1€14k€17k▲
Equity and liabilities
Total equity and liabilities10/49€673k€605k▼
Equity10/15€-56k€-18k▲
Contributions10/11€50k€50k=
Reserves13€17k€12k▼
Tax-exempt reserves132€5k€5k=
Distributable reserves133€12k€7k▼
Profit (loss) carried forward14€-124k€-80k▲
Amounts payable17/49€729k€623k▼
Amounts payable after more than one year17€76k€57k▼
Financial debts170/4€50k€40k▼
Other amounts payable178/9€26k€17k▼
Amounts payable within one year42/48€653k€566k▼
Current portion of amounts payable after more than one year42€79k€104k▲
Financial debts43€130k€26k▼
Credit institutions430/8€130k€26k▼
Trade debts44€183k€183k▲
Suppliers440/4€183k€183k▲
Taxes, remuneration and social security45€256k€244k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€250k€239k▼
Other amounts payable47/48€6k€9k▲
Accrued charges and deferred income492/3€625-
Income statement
Code20232024
Remuneration, social security and pensions62€3.23M€2.91M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€3.12M€2.99M▼
Operating profit (loss)9901€-125k€66k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€11k€19k▲
Recurring financial charges65€11k€19k▲
Profit (loss) for the period before taxes9903€-134k€49k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€-143k€39k▲
Profit (loss) for the period to be appropriated9905€-143k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€-85k▲
Profit (loss) brought forward from the previous period14P€19k€-124k▼
Transfer from equity791/2-€5k
Social balance
Average headcount (FTE)908770.566.1▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-143k ▼836%
Net result drops to €-143k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 1997
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.
Pieter Verbertstraat 312600 AntwerpenGround area
466 m²
Building footprint
254 m²
Volume, LiDAR
1,502 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Karel Janssensstraat 9, 2600 Antwerpen
since 19972.080.242.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0173/00D009 | Flanders | 256 m² | 1 · 137 m² | 7.9 m · 2 fl. |
| 11003A0173/00K009 | Flanders | 209 m² | 1 · 117 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 to 2025 · 3 entries · 10,748 EUR awarded · 10,748 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,094 EUR | 9,094 EUR |
| 2023 | 2 | 1,654 EUR | 1,654 EUR |
Schemes
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 2,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@denseco.be
Phone:003232397577