DEP GROUP
ActiveSummary
The computed 12-month bankruptcy probability of DEP GROUP is 3.9% (moderate). The 2024 annual accounts show equity of €59k and a net result of €44k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+76
Solvency33▼-39
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 0.9 in 2023; short-term debt: 92.5% and cash: 17.9% of total assets), and 92.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
7.5%
Return on assets
5.6%
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 16% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
105 d late
2022
61 d late
2021
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€59k▲ 298%
2023 · €15k
Total assets
€781k▲ 2,388%
2023 · €31k
Net result
€44k
2023 · €-13k
Working capital
€45k
2023 · €-2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€29k-€1k▼ 95.3%€-13k€57k
Net result€23k-€2k▼ 93.5%€-13k€44k
Equity€23k-€28k▲ 19.3%€15k▼ 47.3%€59k▲ 298%
Total assets€31k-€43k▲ 37.0%€31k▼ 26.2%€781k▲ 2,388%
Debt€8k-€15k▲ 91.4%€17k▲ 14.2%€723k▲ 4,234%
Working capital€17k-€22k▲ 29.6%€-2k€45k
Staff (FTE)6.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €57k after a loss of €13k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €781k
Fixed assets
€13k ▼ 18.6%
Current assets
€768k ▲ 5,012%
Equity and liabilities €781k
Equity
€59k ▲ 298%
Debt
€723k ▲ 4,234%
Debt's share of the balance-sheet total rises from 53.1% to 92.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2023 · €-10k
Cash flow
€47k▲
2023 · €-10k
Current ratio
1.06▲
2023 · 0.90
Quick ratio
1.06▲
2023 · 0.72
Debt to equity
12.33▲
2023 · 1.13
ROE
74.9%▲
2023 · -89.9%
ROA
5.6%▲
2023 · -42.2%
Interest coverage
106.73▲
2023 · -100.24
Debt ≤ 1 year
€723k▲
2023 · €17k
Income taxes
€14k
Staff costs
€140k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €35k | €73k | €60k | €1.45M | ▲ 2,315% |
| Remuneration, social security and pensions62 | €661 | €193 | - | €140k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €915 | €3k | €3k | ▼ 9.7% |
| Other operating charges640/8 | €1k | €2k | €2k | €5k | ▲ 238% |
| Non-recurring operating charges66A | - | €1k | - | €2k | - |
| Gross operating margin9900 | €34k | €5k | €-8k | €207k | ▲ 2,552% |
| Operating profit (loss)9901 | €29k | €1k | €-13k | €57k | ▲ 536% |
| Financial income75/76B | €645 | €1k | €0 | €1k | ▲ 14,460,200% |
| Recurring financial income75 | €645 | €1k | €0 | €1k | ▲ 11,485,900% |
| Non-recurring financial income76B | - | - | - | €297 | - |
| Financial charges65/66B | €53 | €113 | €100 | €564 | ▲ 462% |
| Recurring financial charges65 | €53 | €113 | €100 | €564 | ▲ 462% |
| Profit (loss) for the period before taxes9903 | €30k | €3k | €-13k | €58k | ▲ 540% |
| Income taxes67/77 | €7k | €1k | - | €14k | - |
| Profit (loss) for the period9904 | €23k | €2k | €-13k | €44k | ▲ 431% |
| Profit (loss) for the period to be appropriated9905 | €23k | €2k | €-13k | €44k | ▲ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31k | €43k | €31k | €781k | ▲ 2,388% |
| Fixed assets21/28 | €6k | €6k | €16k | €13k | ▼ 18.6% |
| Tangible fixed assets22/27 | €6k | €6k | €16k | €11k | ▼ 30.4% |
| Furniture and vehicles24 | €6k | €6k | €16k | €11k | ▼ 30.4% |
| Financial fixed assets28 | - | - | - | €2k | - |
| Current assets29/58 | €25k | €37k | €15k | €768k | ▲ 5,012% |
| Stocks and contracts in progress3 | - | €3k | €3k | €3k | = |
| Stocks30/36 | - | €3k | €3k | €3k | = |
| Amounts receivable within one year40/41 | €25k | €28k | €10k | €625k | ▲ 5,880% |
| Trade receivables40 | €2k | €2k | €6k | €586k | ▲ 9,107% |
| Other amounts receivable41 | €22k | €26k | €4k | €39k | ▲ 847% |
| Cash at bank and in hand54/58 | €218 | €6k | €1k | €140k | ▲ 9,370% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31k | €43k | €31k | €781k | ▲ 2,388% |
| Equity10/15 | €23k | €28k | €15k | €59k | ▲ 298% |
| Contributions10/11 | - | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €23k | €25k | €12k | €56k | ▲ 374% |
| Amounts payable17/49 | €8k | €15k | €17k | €723k | ▲ 4,234% |
| Amounts payable within one year42/48 | €8k | €15k | €17k | €723k | ▲ 4,234% |
| Trade debts44 | €1k | €7k | €8k | €692k | ▲ 8,415% |
| Suppliers440/4 | €1k | €7k | €8k | €692k | ▲ 8,415% |
| Taxes, remuneration and social security45 | €7k | €8k | €2k | €31k | ▲ 1,610% |
| Taxes450/3 | €7k | €8k | €2k | €18k | ▲ 894% |
| Remuneration and social security454/9 | - | - | - | €13k | - |
| Other amounts payable47/48 | - | - | €7k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €2k | €-13k | €44k | ▲ 431% |
| + Depreciation and write-downs630 | €3k | €915 | €3k | €3k | ▼ 9.7% |
| Operating cash flow (approximation) | €26k | €2k | €-10k | €47k | ▲ 560% |
| Investment in fixed assets (approximation) | - | €-352 | €-14k | €257 | ▲ 102% |
| Change in cash | - | €6k | €-5k | €139k | ▲ 3,115% |
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2020
Ground area
5,654 m²
Building footprint
3,841 m²
Volume, LiDAR
54,830 m³
2 parcels, Brussels, Flanders · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
DEP GROUP
since 20202.308.584.657
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0273/00R000 | Flanders | 3,826 m² | 1 · 2,522 m² | 8.0 m · 2 fl. |
| 21804D1435/00P000 | Brussels | 1,827 m² | 1 · 1,319 m² | 35.8 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43320Joinery installation
43110Demolition
43120Site preparation
43211General electrical installation work
43342Specialised construction activities
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.