Denuo
ActiveSummary
Denuo has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €7,884. Its solvency ranks better than 27% of 521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+67
Solvency57▼-43
Growth78
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 5.82 against 4.93 in 2024; short-term debt: 17% and cash: 20.4% of total assets), but 68.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← 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
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
31.7%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
37 d early
2014
37 d early
2013
37 d early
2012
35 d early
2011
33 d early
2010
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.8m
EBIT margin
-9.7%
Net result
€7,884
2024 · -€160,951
Working capital
€2.6m▲ 163%
2024 · €998,702
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€1.8m-
Operating result-€177,697-€6,662
Net result-€160,951below the sector's middle half-€7,884within the sector's middle half
EBIT margin-9.7%-
Equity€1.0mwithin the sector's middle half-€1.0mwithin the sector's middle half▲ 0.8%
Total assets€1.3mwithin the sector's middle half-€3.2mwithin the sector's middle half▲ 147%
Debt€290,950-€2.2m▲ 654%
Working capital€998,702within the sector's middle half-€2.6mabove the sector's middle half▲ 163%
Solvency77.6%within the sector's middle half-31.7%within the sector's middle half▼ 45.9pp
Current ratio4.93within the sector's middle half-5.82within the sector's middle half▲ 0.89
Return on assets (ROA)-12.4%below the sector's middle half-0.2%within the sector's middle half▲ 12.6pp
Staff (FTE)7.7within the sector's middle half-8.6within the sector's middle half▲ 11.7%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,662 after a loss of €177,697 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€32,784 ▼ 30.5%
Current assets
€3.2m ▲ 154%
Equity and liabilities €3.2m
Equity
€1.0m ▲ 0.8%
Debt
€2.2m ▲ 654%
Debt's share of the balance-sheet total rises from 22.4% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,139▲
2024 · -€149,693
Cash flow
€23,361▲
2024 · -€132,947
Debt to equity
2.16▲
2024 · 0.29
ROE
0.8%▲
2024 · -16.0%
Interest coverage
7.04▲
2024 · -120.93
Debt ≤ 1 year
€545,417▲
2024 · €253,930
Income taxes
€4,141▼
2024 · €6,919
Staff costs
€1.1m▲
2024 · €742,253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €1.8m | - | - |
| Non-recurring operating income76A | - | €1,660 | - |
| Goods, raw materials, services and sundry goods60/61 | €1.4m | - | - |
| Remuneration, social security and pensions62 | €742,253 | €1.1m | ▲ 44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,004 | €15,477 | ▼ 44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€7,994 | - |
| Other operating charges640/8 | €4,279 | €9,344 | ▲ 118% |
| Non-recurring operating charges66A | €0 | - | - |
| Gross operating margin9900 | €596,839 | €1.1m | ▲ 83.3% |
| Operating profit (loss)9901 | -€177,697 | €6,662 | ▲ 104% |
| Financial income75/76B | €24,903 | €8,508 | ▼ 65.8% |
| Recurring financial income75 | €24,903 | €8,508 | ▼ 65.8% |
| Financial charges65/66B | €1,238 | €3,146 | ▲ 154% |
| Recurring financial charges65 | €1,238 | €3,146 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | -€154,032 | €12,025 | ▲ 108% |
| Income taxes67/77 | €6,919 | €4,141 | ▼ 40.2% |
| Profit (loss) for the period9904 | -€160,951 | €7,884 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | -€160,951 | €7,884 | ▲ 105% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.3m | €3.2m | ▲ 147% |
| Fixed assets21/28 | €47,173 | €32,784 | ▼ 30.5% |
| Tangible fixed assets22/27 | €32,418 | €18,028 | ▼ 44.4% |
| Plant, machinery and equipment23 | €6,903 | €3,523 | ▼ 49.0% |
| Furniture and vehicles24 | €17,704 | €14,505 | ▼ 18.1% |
| Other tangible fixed assets26 | €7,811 | €0 | ▼ 100% |
| Financial fixed assets28 | €14,755 | €14,755 | = |
| Current assets29/58 | €1.3m | €3.2m | ▲ 154% |
| Amounts receivable within one year40/41 | €285,681 | €1.8m | ▲ 529% |
| Trade receivables40 | €96,627 | €1.8m | ▲ 1,757% |
| Other amounts receivable41 | €189,054 | €2,734 | ▼ 98.6% |
| Current investments50/53 | €804,382 | €638,500 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €85,497 | €654,373 | ▲ 665% |
| Deferred charges and accrued income490/1 | €77,073 | €86,576 | ▲ 12.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.3m | €3.2m | ▲ 147% |
| Equity10/15 | €1.0m | €1.0m | ▲ 0.8% |
| Reserves13 | €989,594 | €839,837 | ▼ 15.1% |
| Profit (loss) carried forward14 | €19,262 | €176,902 | ▲ 818% |
| Amounts payable17/49 | €290,950 | €2.2m | ▲ 654% |
| Amounts payable within one year42/48 | €253,930 | €545,417 | ▲ 115% |
| Trade debts44 | €165,904 | €80,892 | ▼ 51.2% |
| Suppliers440/4 | €165,904 | €80,892 | ▼ 51.2% |
| Advances received on contracts in progress46 | €0 | - | - |
| Taxes, remuneration and social security45 | €88,026 | €464,526 | ▲ 428% |
| Taxes450/3 | €19,840 | €311,802 | ▲ 1,472% |
| Remuneration and social security454/9 | €68,187 | €152,724 | ▲ 124% |
| Accrued charges and deferred income492/3 | €37,020 | €1.6m | ▲ 4,350% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€160,951 | €7,884 | ▲ 105% |
| + Depreciation and write-downs630 | €28,004 | €15,477 | ▼ 44.7% |
| Operating cash flow (approximation) | -€132,947 | €23,361 | ▲ 118% |
| Investment in fixed assets (approximation) | - | -€1,087 | - |
| Change in cash | - | €568,875 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
Appointments: Wolfgang Ouvry, Alain Konings and 6 othersReappointments: Patrick Deprez, Frederik Bal and 16 others · Resignations: Rohald Guilliams, Yves Tielemans and 2 others · Permanent representative: Magdalena Xenos34 facts ▸
State Gazette act
Appointments: Wolfgang Ouvry, Alain Konings and 6 others
Reappointments: Patrick Deprez, Frederik Bal and 16 others · Resignations: Rohald Guilliams, Yves Tielemans and 2 others · Permanent representative: Magdalena Xenos34 facts ▸
- General meeting, 18-06-2026
- Director appointment, Wolfgang Ouvry (director)
- Director appointment, Alain Konings (director)
- Director appointment, Philippe Schnongs (director)
- Director appointment, Jérôme Pickard (director)
- Director reappointment, Patrick Deprez (director)
- Director reappointment, Frederik Bal (director)
- Director reappointment, Martine Meuws (director)
- Director reappointment, Kris Nys (director)
- Director reappointment, Tom Vanopdenbosch (director)
- Director reappointment, Rik Debaere (director)
- Director reappointment, Patrick Laevers (director)
- +22 further facts in this act
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €7,884
Net result €7,884 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2015
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
28-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
02-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 33 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 187 days late
2008
09-09
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 40 days late
2007
02-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26353559). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 22
Caroline Craenhals
CurrentChair · since 18-06-2026 · Director
Patrick Laevers
CurrentVice-chair · since 18-06-2026 · Director
Philippe Tychon
CurrentVice-chair · since 18-06-2026 · Director
Alain Konings
CurrentDirector · since 18-06-2026
Jérôme Pickard
CurrentDirector · since 18-06-2026
Philippe Schnongs
CurrentDirector · since 18-06-2026
Wolfgang Ouvry
CurrentDirector · since 18-06-2026
Alphonse Stevens
CurrentDirector
Show all 22 directors
Bernard Goffinet
CurrentDirector
Bruno Arts
CurrentDirector
Caroline Van der Perre
CurrentDirector
Cédric Slegers
CurrentDirector
David Vanheede
CurrentDirector
Frederik Bal
CurrentDirector
Johan Scholiers
CurrentDirector
Kris Nys
CurrentDirector
Martine Meuws
CurrentDirector
Patrick Deprez
CurrentDirector
Philip Peeters
CurrentDirector
Rik Debaere
CurrentDirector
Tim Engels
CurrentDirector
Tom Vanopdenbosch
CurrentDirector
Statutory auditor 1
VGD Bedrijfsrevisoren
CurrentCompany auditor · since 18-08-2026 · perm. rep.: Magdalena Xenos
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2007
Ground area
7,530 m²
Building footprint
3,037 m²
Volume, LiDAR
84,150 m³
Parcel 21911C0131/03F000, Brussels · tallest building 33.0 m, ±9 floors. Linked by address, not a title deed.
66
companies at this address
See who is registered here
1 establishment unit
Denuo vzw
since 20072.158.332.251
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0131/03F000 | Brussels | 7,530 m² | 1 · 3,037 m² | 33.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
27 people since 2026, 23 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Alain Konings |
|
| Caroline Craenhals |
|
| Jérôme Pickard |
|
| Patrick Laevers |
|
| Philippe Schnongs |
|
| Philippe Tychon |
|
| Wolfgang Ouvry |
|
| Alphonse Stevens |
|
| Bernard Goffinet |
|
| Bruno Arts |
|
| Caroline Van der Perre |
|
| Cédric Slegers |
|
| David Vanheede |
|
| Frederik Bal |
|
| Johan Scholiers |
|
| Kris Nys |
|
| Martine Meuws |
|
| Patrick Deprez |
|
| Philip Peeters |
|
| Rik Debaere |
|
| Tim Engels |
|
| Tom Vanopdenbosch |
|
| VGD Bedrijfsrevisoren |
|
| Eric Waeyenbergh |
|
| Rohald Guilliams |
|
| Wilfried Verhaegen |
|
| Yves Tielemans |
|
Structure & network
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
FEBELAUTO
via Cédric Slegers · Director
→
VKW LIMBURG
via Martine Meuws · Director
→
Vlaco vzw
via Philip Peeters · Director
→
JCI Vlaanderen
via Philip Peeters · Director
former→
Show 1 more companies with a shared director
Sportamax
via Philip Peeters · Director
former→
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 100,000 EUR awarded · 80,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 40,000 EUR |
| 2023 | 1 | 100,000 EUR | 40,000 EUR |
European Union, budget
2021 · 1 entry · 201,627 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 201,627 EUR |
Projects
SUNRISE - MULTISENSOR SORTING TOOLS IN A CIRCULAR ECONOMY APPROACH FOR THE EFFICIENT RECYCLING OF PVB INTERLAYER MATERIAL IN HIGH-QUALITY PRODUCTS FROM LAMINATED GLASS CONSTRUCTION AND DEMOLITION WASTES
European research
1 project · 201,625 EUR EU contributionProgrammes
Projects
MultiSensor sorting tools in a circular economy approach for the efficient recycling of PVB interlayer material in high-quality prodUcts from laminated glass coNstRuction and demolItion waStEs
Recognitions · licences · registrations
Legal Entity Identifier
967600VVYGAZ3FIUYV60
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Of 1,256 companies in sector 94110 we hold annual accounts for 584. 490 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded21-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
94110Activities of business and employers' organisations
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445497046
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.