DEPAL
ActiveSummary
DEPAL has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114,923 and a net result of €103,509. Its solvency ranks better than 23% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+24
Solvency30▲+4
Growth78
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.23 against 0.51 in 2024; short-term debt: 14.4% and cash: 1.7% of total assets), and 95% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
5%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9294 sector peers (2025).
NBB · sector comparisonPosition among 9294 sector peers
Solvency
better than 23%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
11 d early
2024
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Fauvillers
Equity
€114,923▲ 907%
2024 · €11,414
Total assets
€2.3m▲ 10.6%
2024 · €2.1m
Net result
€103,509▲ 1,514%
2024 · €6,414
Working capital
-€255,467▲ 3.5%
2024 · -€264,630
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
Line20242025
Operating result€15,855-€256,951▲ 1,521%
Net result€6,414-€103,509▲ 1,514%
Equity€11,414-€114,923▲ 907%
Total assets€2.1m-€2.3m▲ 10.6%
Debt€2.1m-€2.1m▲ 1.7%
Working capital-€264,630--€255,467▲ 3.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 1,521% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€2.2m ▲ 23.4%
Current assets
€75,400 ▼ 72.7%
Equity and liabilities €2.3m
Equity
€114,923 ▲ 907%
Provisions
€81,232
Debt
€2.1m ▲ 1.7%
Debt's share of the balance-sheet total falls from 99.4% to 91.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€327,577
Cash flow
€174,135
Current ratio
0.23▼
2024 · 0.51
Debt to equity
18.24
ROE
90.1%▲
2024 · 56.2%
ROA
4.5%▲
2024 · 0.3%
Interest coverage
4.51
Debt ≤ 1 year
€330,867▼
2024 · €540,399
Debt > 1 year
€1.8m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
1.3%
stopped otherwise
96%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 1,513 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 |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €70,625 | - |
| Other operating charges640/8 | €3,880 | €10,402 | ▲ 168% |
| Gross operating margin9900 | €19,735 | €337,979 | ▲ 1,613% |
| Operating profit (loss)9901 | €15,855 | €256,951 | ▲ 1,521% |
| Financial income75/76B | - | €427 | - |
| Recurring financial income75 | - | €427 | - |
| Financial charges65/66B | €9,441 | €72,637 | ▲ 669% |
| Recurring financial charges65 | €9,441 | €72,637 | ▲ 669% |
| Profit (loss) for the period before taxes9903 | €6,414 | €184,741 | ▲ 2,780% |
| Transfer from deferred taxes780 | - | €3,768 | - |
| Transfer to deferred taxes680 | - | €85,000 | - |
| Profit (loss) for the period9904 | €6,414 | €103,509 | ▲ 1,514% |
| Transfer from tax-exempt reserves789 | - | €11,305 | - |
| Transfer to tax-exempt reserves689 | - | €255,000 | - |
| Profit (loss) for the period to be appropriated9905 | €6,414 | -€140,186 | ▼ 2,286% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.1m | €2.3m | ▲ 10.6% |
| Fixed assets21/28 | €1.8m | €2.2m | ▲ 23.4% |
| Tangible fixed assets22/27 | €1.8m | €2.2m | ▲ 23.5% |
| Land and buildings22 | - | €2.2m | - |
| Plant, machinery and equipment23 | - | €21,549 | - |
| Furniture and vehicles24 | - | €18,590 | - |
| Assets under construction and advance payments27 | €1.8m | - | - |
| Financial fixed assets28 | €5,100 | €5,100 | = |
| Current assets29/58 | €275,768 | €75,400 | ▼ 72.7% |
| Amounts receivable within one year40/41 | €13,010 | €32,692 | ▲ 151% |
| Other amounts receivable41 | €13,010 | €32,692 | ▲ 151% |
| Cash at bank and in hand54/58 | €262,251 | €39,888 | ▼ 84.8% |
| Deferred charges and accrued income490/1 | €508 | €2,819 | ▲ 455% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.1m | €2.3m | ▲ 10.6% |
| Equity10/15 | €11,414 | €114,923 | ▲ 907% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | - | €243,695 | - |
| Tax-exempt reserves132 | - | €243,695 | - |
| Profit (loss) carried forward14 | €6,414 | -€133,772 | ▼ 2,186% |
| Provisions and deferred taxes16 | - | €81,232 | - |
| Deferred taxes168 | - | €81,232 | - |
| Amounts payable17/49 | €2.1m | €2.1m | ▲ 1.7% |
| Amounts payable after more than one year17 | €1.5m | €1.8m | ▲ 16.1% |
| Financial debts170/4 | €1.5m | €1.8m | ▲ 16.1% |
| Amounts payable within one year42/48 | €540,399 | €330,867 | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | - | €15,125 | - |
| Financial debts43 | €530,000 | €212,000 | ▼ 60.0% |
| Credit institutions430/8 | €530,000 | €212,000 | ▼ 60.0% |
| Trade debts44 | €4,962 | €34,305 | ▲ 591% |
| Suppliers440/4 | €4,962 | €34,305 | ▲ 591% |
| Other amounts payable47/48 | €5,437 | €69,437 | ▲ 1,177% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,414 | €103,509 | ▲ 1,514% |
| + Depreciation and write-downs630 | - | €70,625 | - |
| Operating cash flow (approximation) | €6,414 | €174,135 | ▲ 2,615% |
| Investment in fixed assets (approximation) | - | -€491,078 | - |
| Change in cash | - | -€222,362 | - |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100,000Eq €114,923 ▲907%
2 profitable years in a row build equity to €114,923.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Fauvillers · 1 establishment unit since 2024
Ground area
294 m²
Building footprint
149 m²
Parcel 82012D0536/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DEPAL
since 20242.364.851.090
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82012D0536/00T000 | Wallonia | 294 m² | 1 · 149 m² | - |
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.
Similar companies · same sector, comparable size
LORZAN
BE 0452.239.536
Walhain · Eq €114,791
B.S.L.
BE 0824.510.292
Ranst · Eq €114,754
Proba Lease
BE 0766.918.820
Hulshout · Eq €114,695
MONTROSE
BE 0864.141.524
Jurbise · Eq €114,590
SIMILIUM
BE 0435.375.392
Antwerpen · Eq €115,308
Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,897 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
Founded03-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:1011213221
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.