DEPCO
ActiveSummary
DEPCO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €157,047. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 3158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-7
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.27 in 2024; short-term debt: 12.4% and cash: 28.6% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
74.3%
Return on assets
9.8%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
12 d early
2023
5 d early
2022
54 d early
2021
39 d early
2020
34 d early
2019
45 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.2m▲ 15.2%
2024 · €1.0m
Total assets
€1.6m▲ 12.8%
2024 · €1.4m
Net result
€157,047▼ 29.2%
2024 · €221,879
Working capital
€310,290▲ 15.0%
2024 · €269,830
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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
Line20212022202320242025
Operating result€106,359▼ 0.9%€154,604▲ 45.4%€128,279▼ 17.0%€300,433▲ 134%€232,637▼ 22.6%
Net result€79,355above the sector's middle half▼ 1.3%€120,718above the sector's middle half▲ 52.1%€97,206above the sector's middle half▼ 19.5%€221,879above the sector's middle half▲ 128%€157,047above the sector's middle half▼ 29.2%
Equity€590,179above the sector's middle half▲ 15.5%€710,897above the sector's middle half▲ 20.5%€808,103above the sector's middle half▲ 13.7%€1.0mabove the sector's middle half▲ 27.5%€1.2mabove the sector's middle half▲ 15.2%
Total assets€943,665above the sector's middle half▲ 9.8%€1.0mabove the sector's middle half▲ 8.5%€1.2mabove the sector's middle half▲ 17.5%€1.4mabove the sector's middle half▲ 17.8%€1.6mabove the sector's middle half▲ 12.8%
Debt€353,487▲ 1.4%€313,087▼ 11.4%€394,757▲ 26.1%€386,468▼ 2.1%€410,712▲ 6.3%
Working capital€163,273▲ 38.3%€140,641▼ 13.9%€141,708▲ 0.8%€269,830▲ 90.4%€310,290▲ 15.0%
Solvency62.5%above the sector's middle half▲ 3.1pp69.4%above the sector's middle half▲ 6.9pp67.2%above the sector's middle half▼ 2.2pp72.7%above the sector's middle half▲ 5.5pp74.3%above the sector's middle half▲ 1.6pp
Staff (FTE)1.5=3.3▲ 120%1.6▼ 51.5%2.3▲ 43.8%1.4▼ 39.1%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.1m ▲ 16.5%
Current assets
€509,002 ▲ 5.6%
Equity and liabilities €1.6m
Equity
€1.2m ▲ 15.2%
Debt
€410,712 ▲ 6.3%
Debt's share of the balance-sheet total falls from 27.3% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€313,774▼
2024 · €379,416
Cash flow
€238,184▼
2024 · €300,862
Current ratio
2.56▲
2024 · 2.27
Debt to equity
0.35▼
2024 · 0.38
ROE
13.2%▼
2024 · 21.5%
ROA
9.8%▼
2024 · 15.7%
Interest coverage
36.97▼
2024 · 59.54
Debt ≤ 1 year
€198,712▼
2024 · €211,988
Debt > 1 year
€212,000▲
2024 · €174,479
Income taxes
€67,239▼
2024 · €72,365
Staff costs
€15,505▲
2024 · €12,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,058 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,150 | - | - | - |
| Remuneration, social security and pensions62 | - | €31,619 | €13,992 | €12,762 | €15,505 | ▲ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,132 | €53,727 | €68,212 | €78,983 | €81,137 | ▲ 2.7% |
| Other operating charges640/8 | - | €1,835 | €2,454 | €2,797 | €3,394 | ▲ 21.4% |
| Gross operating margin9900 | €181,803 | €241,784 | €212,936 | €394,975 | €332,673 | ▼ 15.8% |
| Operating profit (loss)9901 | €106,359 | €154,604 | €128,279 | €300,433 | €232,637 | ▼ 22.6% |
| Financial income75/76B | - | €74 | €84 | €184 | €136 | ▼ 26.1% |
| Recurring financial income75 | €51 | €74 | €84 | €184 | €136 | ▼ 26.1% |
| Financial charges65/66B | - | €5,765 | €6,361 | €6,372 | €8,487 | ▲ 33.2% |
| Recurring financial charges65 | €7,242 | €5,765 | €6,361 | €6,372 | €8,487 | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €99,169 | €148,912 | €122,001 | €294,245 | €224,286 | ▼ 23.8% |
| Income taxes67/77 | €19,814 | €28,194 | €24,795 | €72,365 | €67,239 | ▼ 7.1% |
| Profit (loss) for the period9904 | €79,355 | €120,718 | €97,206 | €221,879 | €157,047 | ▼ 29.2% |
| Profit (loss) for the period to be appropriated9905 | €79,355 | €120,718 | €97,206 | €221,879 | €157,047 | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €943,665 | €1.0m | €1.2m | €1.4m | €1.6m | ▲ 12.8% |
| Fixed assets21/28 | €597,276 | €701,227 | €891,199 | €934,632 | €1.1m | ▲ 16.5% |
| Tangible fixed assets22/27 | €592,758 | €696,709 | €885,332 | €928,766 | €1.1m | ▲ 16.6% |
| Land and buildings22 | - | €531,459 | €693,317 | €743,188 | €796,577 | ▲ 7.2% |
| Plant, machinery and equipment23 | - | €134,237 | €173,835 | €161,481 | €152,138 | ▼ 5.8% |
| Furniture and vehicles24 | - | €31,014 | €18,181 | €24,097 | €134,158 | ▲ 457% |
| Financial fixed assets28 | €4,518 | €4,518 | €5,866 | €5,866 | €5,866 | = |
| Current assets29/58 | €346,390 | €322,756 | €311,662 | €481,819 | €509,002 | ▲ 5.6% |
| Stocks and contracts in progress3 | €12,499 | €35,725 | €25,432 | - | - | - |
| Stocks30/36 | - | €35,725 | €25,432 | - | - | - |
| Amounts receivable within one year40/41 | €14,707 | €32,890 | €23,052 | €15,916 | €31,927 | ▲ 101% |
| Trade receivables40 | - | - | - | €6,379 | €7,005 | ▲ 9.8% |
| Other amounts receivable41 | - | €32,890 | €23,052 | €9,537 | €24,922 | ▲ 161% |
| Cash at bank and in hand54/58 | €276,554 | €227,834 | €249,941 | €362,848 | €456,658 | ▲ 25.9% |
| Deferred charges and accrued income490/1 | - | €26,307 | €13,236 | €103,055 | €20,417 | ▼ 80.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €943,665 | €1.0m | €1.2m | €1.4m | €1.6m | ▲ 12.8% |
| Equity10/15 | €590,179 | €710,897 | €808,103 | €1.0m | €1.2m | ▲ 15.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €158,907 | ▲ 8,443% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €157,047 | - |
| Profit (loss) carried forward14 | €569,719 | €690,437 | €787,643 | €1.0m | €1.0m | = |
| Amounts payable17/49 | €353,487 | €313,087 | €394,757 | €386,468 | €410,712 | ▲ 6.3% |
| Amounts payable after more than one year17 | €170,370 | €130,971 | €224,804 | €174,479 | €212,000 | ▲ 21.5% |
| Financial debts170/4 | - | €130,971 | €224,804 | €174,479 | €212,000 | ▲ 21.5% |
| Amounts payable within one year42/48 | €183,117 | €182,116 | €169,953 | €211,988 | €198,712 | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | €39,399 | €50,334 | €51,271 | €59,419 | ▲ 15.9% |
| Trade debts44 | €48,637 | €49,369 | €32,603 | €26,694 | €10,868 | ▼ 59.3% |
| Suppliers440/4 | - | €49,369 | €32,603 | €26,694 | €10,868 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | €29,282 | €24,774 | €72,314 | €67,203 | ▼ 7.1% |
| Taxes450/3 | - | €28,194 | €24,774 | €72,314 | €67,203 | ▼ 7.1% |
| Remuneration and social security454/9 | - | €1,088 | - | - | - | - |
| Other amounts payable47/48 | - | €64,067 | €62,241 | €61,708 | €61,222 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,355 | €120,718 | €97,206 | €221,879 | €157,047 | ▼ 29.2% |
| + Depreciation and write-downs630 | €55,132 | €53,727 | €68,212 | €78,983 | €81,137 | ▲ 2.7% |
| Operating cash flow (approximation) | €134,487 | €174,445 | €165,418 | €300,862 | €238,184 | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | -€157,678 | -€258,183 | -€122,416 | -€235,244 | ▼ 92.2% |
| Change in cash | - | -€48,720 | €22,108 | €112,907 | €93,810 | ▼ 16.9% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €221,879 ▲128%
Operating result €300,433, net result €221,879, both a record.
30-09
Financial
Equity above €1mEq €1.0m ▲27.5%
7 profitable years in a row build equity to €1.0m.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €500,000Eq €510,824 ▲18.7%
3 profitable years in a row build equity to €510,824.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €47,475 ▼25.3%
Net result drops to €47,475, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Tongeren-Borgloon · 1 establishment unit since 2006
Ground area
1,750 m²
Building footprint
158 m²
Volume, LiDAR
1,094 m³
Parcel 73062A0313/00L000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEPCO
since 20062.153.483.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73062A0313/00L000 | Flanders | 1,750 m² | 1 · 158 m² | 9.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 55,681 EUR awarded · 55,681 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 17,091 EUR | 17,091 EUR |
| 2024 | 2 | 21,640 EUR | 21,640 EUR |
| 2023 | 1 | 960 EUR | 960 EUR |
| 2022 | 1 | 15,990 EUR | 15,990 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.153.483.934
Similar companies · same sector, comparable size
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Truyman
BE 0426.885.914
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FRUITBEDRIJF TREUNEN
BE 0817.170.461
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ACTIV FRUIT
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Of 1,341 companies in sector 01240 we hold annual accounts for 322. 234 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
Founded06-03-2006
Fiscal year end30-09
Activities, NACEBEL 2025
01240Growing of pome and stone fruits
43990Other specialised construction activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880067835
Also
9925:BE0880067835
Registered
01-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.