Depaepe
ActiveFrom the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Depaepe is 4.7% (elevated). The 2024 annual accounts show equity of €21,266 and a net result of -€12,745. Equity has been shrinking by about 16% per year since 2018. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 14% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 1965 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 06-03-1965 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
- Establishment unit
- 2.000.316.776 9820 Merelbeke-Melle, since 01-03-1965
- Financial year end
- 31 December
- Peppol
- Reachable since 01-03-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.7%
- Gross margin
- -€3,220
- Loss
- €12,745
- Equity
- €21,266
- ▼ 37.5%
- Total assets
- €185,709
- ▲ 4.5%
Score breakdownraises riskLiquidity: current ratio 1.34, cash €1,892Figures for financial year 2024 (filed on 18-11-2025)Sector: Specialised construction activities (NACE 43)lowers riskFounded in 1965Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 15% of them on solvency, 7% on liquidity, 12% on profitability and 12% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 276 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Key points
- Caution: Lower solvency than 86% of companies in specialised constructionsector median 46.7% · 34,902 companies 9.2% View
Comparable companies
These companies have the same main activity as Depaepe: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €150,000 and €194,000, founded between 1969 and 1980.
| Company | Total assets | Gross margin |
|---|---|---|
| Depaepe Merelbeke-Melle | €168,678 | -€56 |
| Klimaver Gent | €183,902 | -€2,253 |
| Groenweghe Ieper | €181,864 | -€17,733 |
| Verwarming en Sanitair Ryckaert Fabien Maldegem | €164,898 | €1,036 |
| Applications Thermiques Ronse | €194,146 | -€131,766 |
| Immo-Services Willame Châtelet | €149,936 | €755 |
| TRUIENSE MONTAGEWERKEN Sint-Truiden | €191,195 | -€14,882 |
Documents
Annual accounts at the NBB
- Annual accounts 2024filed on 18-11-2025
- Annual accounts 2023filed on 16-09-2024
- Annual accounts 2022filed on 29-01-2024
- Annual accounts 2021filed on 29-01-2024
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0400.023.941
Key facts about Depaepe
- What is the company number of Depaepe?
- The company number of Depaepe is 0400.023.941. The VAT number is the same number with BE in front: BE 0400.023.941.
- Where is Depaepe based?
- The registered office is at Bergwegel 84, 9820 Merelbeke-Melle.Company details
- What does Depaepe do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Depaepe?
- The legal form of Depaepe is Private limited company (pre-2019) (BVBA).
- When was Depaepe founded?
- Depaepe was founded on 06-03-1965.
- Is Depaepe still active?
- Yes, Depaepe is an active enterprise in the KBO register.
- How many employees does Depaepe have?
- Depaepe had an average of 1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of Depaepe?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.
- Is Depaepe profitable?
- In financial year 2024, Depaepe made a loss of €12,745.
- Where can I find the annual accounts of Depaepe?
- Depaepe filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)
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