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DENSO Belgium

Active
Public limited companyfounded 200026 yrs activeHermeslaan 11, 1932 Zaventem, BelgiumKBO/BCE: BE 0471.476.814

DENSO Belgium has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €248k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 55% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
68 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+31
Solvency74▲+5
Growth78▲+10
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.75 in 2024; short-term debt: 49.2% and cash: 1.2% of total assets), but 51% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2025
Solvency, return and age of the figures
Solvency
49%
Return on assets
8%
Age of the figures
18 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €1.52M
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-12-2025, 38 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 · 10 filings
Deviation from the deadline
2025
38 d late
2024
3 d early
2023
21 d early
2022
11 d early
2021
28 d early
2020
16 d early
2019
20 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€1.52M▲ 19.5%
2024 · €1.27M
2019: €1.27M 2020: €1.27M 2021: €1.27M 2022: €1.27M 2023: €1.27M 2024: €1.27M
2019 → 2025
Total assets
€3.10M▲ 6.6%
2024 · €2.91M
2019: €2.81M 2020: €2.67M 2021: €2.23M 2022: €2.40M 2023: €3.37M 2024: €2.91M
2019 → 2025
Net result
€248k▼ 0.5%
2024 · €249k
2019: €228k 2020: €153k 2021: €135k 2022: €173k 2023: €172k 2024: €249k
2019 → 2025
Working capital
€1.37M▲ 18.3%
2024 · €1.16M
2019: €1.05M 2020: €1.12M 2021: €1.09M 2022: €1.11M 2023: €1.16M 2024: €1.16M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.27M=€1.27M=€1.27M=€1.52M▲ 19.5%
Operating result€273k-€285k▲ 4.1%€308k▲ 8.4%€367k▲ 18.9%€390k▲ 6.5%
Net result€135k-€173k▲ 27.6%€172k▼ 0.5%€249k▲ 45.3%€248k▼ 0.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200k€300k€400kOperating result 2021: €273k€273kNet result 2021: €135k€135kOperating result 2022: €285k€285kNet result 2022: €173k€173kOperating result 2023: €308k€308kNet result 2023: €172k€172kOperating result 2024: €367k€367kNet result 2024: €249k€249kOperating result 2025: €390k€390kNet result 2025: €248k€248k20212022202320242025
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.10M
Fixed assets €204k▼ 4.3%
Current assets €2.90M▲ 7.5%
Equity and liabilities €3.10M
Equity €1.52M▲ 19.5%
Debt €1.58M▼ 3.4%
The debt ratio falls from 56.3% to 51.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€447k
2024 · €420k
Cash flow
€305k
2024 · €303k
Solvency
49.0%
2024 · 43.7%
Current ratio
1.90
2024 · 1.75
Quick ratio
1.90
2024 · 1.75
Debt / equity
1.04
2024 · 1.29
ROE
16.3%
2024 · 19.6%
ROA
8.0%
2024 · 8.6%
Interest coverage
5.43
2024 · 1.59
Debt
€1.58M
2024 · €1.64M
Debt ≤ 1 year
€1.53M
2024 · €1.54M
Income taxes
€202k
2024 · €166k
Staff costs
€6.14M
2024 · €5.66M
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€2.91M€3.10M
Fixed assets21/28€214k€204k
Tangible fixed assets22/27€184k€170k
Furniture and vehicles24€137k€142k
Other tangible fixed assets26€47k€28k
Financial fixed assets28€30k€34k
Current assets29/58€2.69M€2.90M
Amounts receivable within one year40/41€2.53M€2.82M
Trade receivables40€739k€68k
Other amounts receivable41€1.79M€2.76M
Cash at bank and in hand54/58€51k€38k
Deferred charges and accrued income490/1€109k€34k
Equity and liabilities
Total equity and liabilities10/49€2.91M€3.10M
Equity10/15€1.27M€1.52M
Contributions10/11€330k€330k=
Capital10€330k€330k=
Issued capital100€330k€330k=
Reserves13€34k€34k=
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Distributable reserves133€775€775=
Profit (loss) carried forward14€907k€1.15M
Amounts payable17/49€1.64M€1.58M
Amounts payable within one year42/48€1.54M€1.53M
Trade debts44€561k€596k
Suppliers440/4€561k€596k
Taxes, remuneration and social security45€725k€929k
Taxes450/3€47k€87k
Remuneration and social security454/9€678k€842k
Other amounts payable47/48€249k-
Accrued charges and deferred income492/3€101k€56k
Income statement Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€5.66M€6.14M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€57k
Other operating charges640/8€59k€63k
Non-recurring operating charges66A€3k€2k
Gross operating margin9900€6.15M€6.65M
Operating profit (loss)9901€367k€390k
Financial income75/76B€314k€143k
Recurring financial income75€314k€143k
Financial charges65/66B€265k€82k
Recurring financial charges65€265k€82k
Non-recurring financial charges66B€606-
Profit (loss) for the period before taxes9903€415k€451k
Income taxes67/77€166k€202k
Profit (loss) for the period9904€249k€248k
Profit (loss) for the period to be appropriated9905€249k€248k
Appropriation of the result
Profit (loss) to be appropriated9906€1.16M€1.15M
Profit (loss) brought forward from the previous period14P€907k€907k=
Profit to be distributed694/7€249k-
Return on contributions (dividend)694€249k-
Social balance
Average headcount (FTE)908737.240.9

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
25-03
State Gazette act Registered office · Resignations & appointments
General meeting · Board meeting · Director appointment6 facts ▸
  • General meeting, 27/02/2026
  • Board meeting, 27/02/2026
  • Director appointment, Attila Szincsák (bestuurder)
  • Mandate compensation, Attila Szincsák
  • Registered-office move, Hermeslaan 11, 1932 Zaventem
  • Power of attorney, KPMG Law BV
2025
08-12
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
28-08
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment10 facts ▸
  • General meeting, 2025-07-04
  • Director resignation, Hiroshi Yamashita (bestuurder)
  • Director appointment, Kei Koizumi (bestuurder)
  • Mandate compensation, Kei Koizumi
  • Board composition, Bestuurder, 2025-05-05
  • Board composition, Bestuurder, 2025-05-05
  • Board meeting, 2025-07-04
  • Director resignation, Hiroshi Yamashita (gedelegeerd bestuurder)
  • Director appointment, Kei Koizumi (gedelegeerd bestuurder)
  • Mandate compensation, Kei Koizumi
2024
05-12
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2024-10-25
  • Auditor reappointment, 3 boekjaren, 2027
  • Permanent representative, Barbara Feys
28-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
10-06
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
  • General meeting, 2024-03-15
  • Director resignation, Kazuaki Fujitani (bestuurder)
  • Director appointment, Atsuyuki Izaki (bestuurder)
  • Mandate compensation, Atsuyuki Izaki
  • Board composition, (Gedelegeerd) bestuurder, 2024-03-31
  • Board composition, Bestuurder, 2024-03-31
31-03
Financial Highest result since 2019net €249k ▲45.3%
Net result €249k, the highest in the series.
2023
10-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
09-11
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge11 facts ▸
  • General meeting, 2022-10-07
  • Director resignation, Hiroyuki Ito (bestuurder)
  • Director discharge, Hiroyuki Ito
  • Director appointment, Hiroshi Yamashita (bestuurder)
  • Mandate compensation, Hiroshi Yamashita
  • Board composition, bestuurder, 2022-06-15
  • Board composition, bestuurder, 2022-06-15
  • Auditor reappointment, drie boekjaren, van boekjaar 2022 tot boekjaar 2024, algemene vergadering van het jaar 2025
  • Board meeting, 2022-10-07
  • Director resignation, Hiroyuki Ito (persoon belast met dagelijks bestuur)
  • Director appointment, Hiroshi Yamashita (gedelegeerd bestuurder)
20-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
03-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Weakest financial yearnet €135k ▼11.9%
Net result drops to €135k, the lowest in the series; recovery starts the following year.
2020
15-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
25-05
State Gazette act Statutes amendment
Board meeting · Director appointment · Statutes amendment3 facts ▸
  • Board meeting, 2020-04-10
  • Director appointment, Hiroyuki Ito (gedelegeerd bestuurder)
  • Statutes amendment
2019
30-10
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2019-10-04
  • Director appointment, Kazuaki Fujitani (bestuurder)
  • Director resignation, Yuji Ishizuka (bestuurder)
11-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
31-07
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2018-09-17
  • Auditor reappointment, 3 years
  • Permanent representative, Barbara FEYS
2018
01-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema
04-06
State Gazette act Benaming
General meeting · Name change · Statutes amendment4 facts ▸
  • General meeting, 23-05-2018
  • Name change, DENSO Belgium
  • Statutes amendment
  • Statutes amendment
10-04
State Gazette act Resignations & appointments
Board meeting · Permanent representative · Accounting effect4 facts ▸
  • Board meeting, 2017-11-10
  • Permanent representative, Barbara Feys
  • Accounting effect, 2017-04-01
  • Accounting effect, 2018-03-31
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
12-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
31-08
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
  • General meeting, 2016-07-08
  • Director resignation, Takashi NAGATA (bestuurder)
  • Director appointment, Hiroyuki ITO (bestuurder)
  • Mandate compensation, Hiroyuki ITO
18-05
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2015-09-21
  • Auditor reappointment, 3 years
  • Permanent representative, Fabio DECLERCQ
2015
25-09
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
  • General meeting, 2015-07-13
  • Director resignation, Yasushi Yamanaka (Bestuurder)
  • Director appointment, Yuji Ishizuka (Bestuurder)
  • Mandate compensation, Yuji Ishizuka
2014
24-04
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2013-12-16
  • Director appointment, Takashi NAGATA (bestuurder)
  • Director resignation, Hidehiko SHINOMIYA (bestuurder)
2013
18-09
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2013-06-28
  • Director appointment, Yasushi YAMANAKA (bestuurder)
  • Director resignation, Yoshikazu MAKINO (bestuurder)
2012
09-10
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2012-09-17
  • Auditor reappointment, 3 years
  • Permanent representative, Rik Neckebroeck
2011
01-08
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2011-06-30
  • Director appointment, Yoshikazu MAKINO (bestuurder)
  • Director resignation, Shigehiro NISHIMURA (bestuurder)
2010
08-07
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2010-06-24
  • Director appointment, Hidehiko SHINOMIYA (bestuurder)
  • Director resignation, Tomihiro HIRANO (bestuurder)
16-06
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
  • General meeting, 2009-09-21
  • Auditor reappointment, 3 years
  • Permanent representative, Neckebroek Rik
2008
03-06
State Gazette act Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
  • General meeting, 2008-03-31
  • Director appointment, Shigehiro NISHIMURA (bestuurder)
  • Director resignation, Haruya MARUYAMA (bestuurder)
2006
27-11
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative4 facts ▸
  • General meeting, 2006-09-18
  • Auditor reappointment, 3 years
  • Permanent representative, Neckebroek Rik
  • Power of attorney, Akıhiko Kato
2004
30-08
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge8 facts ▸
  • General meeting, 2004-06-15
  • Director resignation, Takaaki SAITO (bestuurder)
  • Director discharge, Takaaki SAITO
  • Director appointment, Akihiko Kato (bestuurder)
  • Mandate compensation, Akihiko Kato
  • Auditor appointment, Deloitte & Partners (commissaris)
  • Mandate compensation, Deloitte & Partners
  • Mandate compensation indexation, jaarlijks aangepast op basis van het indexcijfer der consumptieprijzen
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
16 directors, no change since 2026
Attila Szincsák
Director · since 01-01-2026
Current
Kei Koizumi
Director · since 05-05-2025
Current
Atsuyuki Izaki
Director · since 31-03-2024
Current
Akihiko Kato
Director · since 01-07-2004
Not recently confirmed
01-01-2026 Attila Szincsák: Appointed as Director
05-05-2025 Kei Koizumi: Appointed as Director
05-05-2025 Kei Koizumi: Appointed as Managing director
05-05-2025 Hiroshi Yamashita: Resigned as Director
05-05-2025 Hiroshi Yamashita: Resigned as Managing director
31-03-2024 Atsuyuki Izaki: Appointed as Director
31-03-2024 Kazuaki Fujitani: Resigned as Director
15-06-2022 Hiroshi Yamashita: Appointed as Managing director
15-06-2022 Hiroshi Yamashita: Appointed as Director
15-06-2022 Hiroyuki Ito: Resigned as Persoon belast met dagelijks bestuur
15-06-2022 Hiroyuki Ito: Resigned as Director
10-04-2020 Hiroyuki Ito: Appointed as Managing director
31-03-2019 Yuji Ishizuka: Resigned as Director
01-04-2018 Kazuaki Fujitani: Appointed as Director
01-07-2016 Hiroyuki Ito: Appointed as Director
30-06-2016 Takashi NAGATA: Resigned as Director
01-07-2015 Yuji Ishizuka: Appointed as Director
01-07-2015 Yasushi Yamanaka: Resigned as Director
01-01-2014 Takashi NAGATA: Appointed as Director
01-01-2014 Hidehiko SHINOMIYA: Resigned as Director
01-07-2013 Yasushi Yamanaka: Appointed as Director
01-07-2013 Yoshikazu MAKINO: Resigned as Director
01-07-2011 Yoshikazu MAKINO: Appointed as Director
01-07-2011 Shigehiro NISHIMURA: Resigned as Director
+ 6 not shown in this overview
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2000
establishment The establishment unit on the map
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.

Hermeslaan 111932 Zaventem
Ground area
3.1 ha
Building footprint
1,262 m²
Parcel 23078B0013/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Hermeslaan 11, 1932 Zaventem
NACE 50301
since 20002.100.710.390
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23078B0013/00E000 Flanders 3.1 ha 1 · 1,262 m² -
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.

Statutory auditor

5 auditors
DELOITTE Bedrijfsrevisoren BVCurrent
Auditor · represented by Barbara Feys
07-10-2022 → present
Show 4 earlier auditors
DELOITTE & PARTNERS
Auditor · represented by Neckebroek Rik
succeeded by Deloitte & Partners CVBA in 2009
15-06-2004 → 21-09-2009
Deloitte & Partners CVBA
Auditor · represented by Neckebroek Rik
succeeded by Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA in 2012
21-09-2009 → 17-09-2012
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA
Auditor · represented by Fabio DECLERCQ
succeeded by Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises in 2018
17-09-2012 → 17-09-2018
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
Auditor · represented by Barbara FEYS
succeeded by DELOITTE Bedrijfsrevisoren BV in 2022
17-09-2018 → 07-10-2022

Structure & network

Group per the LEI register

1 parent company
Parent company:株式会社デンソー
Kariya, Japan

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 4,154 EUR awarded · 4,154 EUR paid
Year Entries awardedpaid
2025 1 2,663 EUR2,663 EUR
2024 1 980 EUR980 EUR
2023 1 511 EUR511 EUR
Schemes
Vlaams opleidingsverlof (VOV)
3 entries · 4,154 EUR · 4,154 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

8945007EIKN68E63JL48
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 1,746 companies in sector 46720 we hold annual accounts for 1,084. 731 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded21-03-2000
Fiscal year end31-03
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.