DEO Belgium
ActiveDEO Belgium has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2.94M) and a net result of €-1.84M. Equity is shrinking by ~73.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-12
Solvency12▼-8
Growth30=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.43 against 0.7 in 2023; short-term debt: 5.3% and cash: 11.1% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
-13%
Return on assets
-8.1%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-2.94M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
35 d late
2022
80 d late
2021
60 d early
2020
131 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.44M▲ 18.9%
2021 · €1.21M
2018: €1.58M
2021: €1.21M
2018 → 2022
EBIT margin
-15.2%▲ 11.5pp
2021 · -26.7%
2018: 38.2%
2021: -26.7%
2018 → 2022
Net result
€-1.84M▼ 129%
2023 · €-802k
2018: €-704k
2019: €-827k
2020: €-1.06M
2021: €-1.05M
2022: €-816k
2023: €-802k
2018 → 2024
Working capital
€1.72M
2023 · €-461k
2018: €1.13M
2019: €1.08M
2020: €822k
2021: €1.11M
2022: €-114k
2023: €-461k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.21M€1.44M▲ 18.9%
Equity€1.07M-€516k▼ 51.7%€-300k€-1.10M▼ 267%€-2.94M▼ 167%
Operating result€250k-€-323k€-219k▲ 32.4%€433k€-444k
Net result€-1.06M-€-1.05M▲ 0.4%€-816k▲ 22.5%€-802k▲ 1.6%€-1.84M▼ 129%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €444k after €433k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.49M
Fixed assets
€19.57M▼ 4.6%
Current assets
€2.92M▲ 167%
Key figures and ratios
EBITDA
€580k▼
2023 · €1.46M
Cash flow
€-814k▼
2023 · €222k
Solvency
-13.0%▼
2023 · -5.0%
Current ratio
2.43▲
2023 · 0.70
Quick ratio
2.43▲
2023 · 0.70
Debt / equity
-8.72▲
2023 · -20.84
ROA
-8.1%▼
2023 · -3.7%
Interest coverage
0.42▼
2023 · 1.18
Debt
€25.64M▲
2023 · €22.98M
Debt ≤ 1 year
€1.20M▼
2023 · €1.55M
Debt > 1 year
€23.76M▲
2023 · €20.92M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€21.87M€22.70M▲
Formation expenses20€272k€209k▼
Fixed assets21/28€20.51M€19.57M▼
Tangible fixed assets22/27€20.51M€19.57M▼
Land and buildings22€19.82M€18.99M▼
Plant, machinery and equipment23€58k€40k▼
Furniture and vehicles24€95k€48k▼
Other tangible fixed assets26€537k€489k▼
Assets under construction and advance payments27-€2k
Current assets29/58€1.09M€2.92M▲
Amounts receivable within one year40/41€857k€262k▼
Trade receivables40€857k€234k▼
Other amounts receivable41-€28k
Cash at bank and in hand54/58€105k€2.51M▲
Deferred charges and accrued income490/1€129k€147k▲
Equity and liabilities
Total equity and liabilities10/49€21.87M€22.70M▲
Equity10/15€-1.10M€-2.94M▼
Contributions10/11€15.93M€15.93M=
Capital10€15.93M€15.93M=
Issued capital100€15.93M€15.93M=
Profit (loss) carried forward14€-17.03M€-18.87M▼
Amounts payable17/49€22.98M€25.64M▲
Amounts payable after more than one year17€20.92M€23.76M▲
Financial debts170/4€20.92M€23.76M▲
Amounts payable within one year42/48€1.55M€1.20M▼
Current portion of amounts payable after more than one year42€630k€593k▼
Trade debts44€407k€130k▼
Suppliers440/4€407k€130k▼
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€3k€11k▲
Other amounts payable47/48€512k€466k▼
Accrued charges and deferred income492/3€500k€675k▲
Income statement
Code20232024
Non-recurring operating income76A€744k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.02M€1.02M=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€2k▼
Other operating charges640/8€532k€559k▲
Gross operating margin9900€1.99M€1.14M▼
Operating profit (loss)9901€433k€-444k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1.24M€1.39M▲
Recurring financial charges65€1.24M€1.39M▲
Profit (loss) for the period before taxes9903€-802k€-1.84M▼
Profit (loss) for the period9904€-802k€-1.84M▼
Profit (loss) for the period to be appropriated9905€-802k€-1.84M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17.03M€-18.87M▼
Profit (loss) brought forward from the previous period14P€-16.23M€-17.03M▼
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
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €-1.84M
Net result drops to €-1.84M, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.43
Current ratio from 0.70 to 2.43; short-term debt falls from €1.55M to €1.20M.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 35 days late
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 80 days late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 9.12
Current ratio from 2.82 to 9.12; short-term debt falls from €451k to €137k.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Etterbeek · 1 establishment unit since 2008
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.
Louis Schmidtlaan 291040 EtterbeekGround area
4,115 m²
Building footprint
2,273 m²
Volume, LiDAR
34,859 m³
Parcel 21363B0348/00Z000, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DEO Belgium
since 20082.173.109.212
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,669 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-08-2008
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.