DEPICO
ActiveSummary
DEPICO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €32k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-19
Solvency27▼-8
Growth39▲+7
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.74 in 2024; short-term debt: 79.3% and cash: 38.3% of total assets), and 97.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
2.2%
Return on assets
3.8%
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 24% of 818 sector peers (2025).
NBB · sector comparisonPosition among 818 sector peers
Solvency
better than 24%
← 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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
28 d early
2022
17 d early
2021
31 d early
2020
30 d early
2019
14 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.06M▲ 38.0%
2019 · €3.67M
2019: €3.67M
2025: €5.06M
2019 → 2025
EBIT margin
1.7%▼ 2.4pp
2019 · 4.1%
2019: 4.1%
2025: 1.7%
2019 → 2025
Net result
€32k▼ 67.6%
2024 · €100k
2018: €118k
2019: €85k▼ -28.3% vs 2018
2020: €123k▲ +45.7% vs 2019
2021: €278k▲ +126% vs 2020highest in 8 years
2022: €94k▼ -66.3% vs 2021
2023: €121k▲ +29.6% vs 2022
2024: €100k▼ -18.0% vs 2023
2025: €32k▼ -67.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-243k▼ 37.9%
2024 · €-176k
2018: €-140k
2019: €-69k▲ +50.8% vs 2018highest in 8 years
2020: €-158k▼ -129% vs 2019
2021: €-138k▲ +12.7% vs 2020
2022: €-186k▼ -34.5% vs 2021
2023: €-147k▲ +21.0% vs 2022
2024: €-176k▼ -20.1% vs 2023
2025: €-243k▼ -37.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.06M
Equity€94k-€98k▲ 3.4%€103k▲ 5.9%€102k▼ 1.0%€19k▼ 81.8%
2021: €94k
2022: €98k▲ +3.4% vs 2021
2023: €103k▲ +5.9% vs 2022highest in 5 years
2024: €102k▼ -1.0% vs 2023
2025: €19k▼ -81.8% vs 2024lowest in 5 years
Operating result€398k-€149k▼ 62.5%€200k▲ 33.9%€178k▼ 11.1%€88k▼ 50.4%
2021: €398khighest in 5 years
2022: €149k▼ -62.5% vs 2021
2023: €200k▲ +33.9% vs 2022
2024: €178k▼ -11.1% vs 2023
2025: €88k▼ -50.4% vs 2024lowest in 5 years
Net result€278k-€94k▼ 66.3%€121k▲ 29.6%€100k▼ 18.0%€32k▼ 67.6%
2021: €278khighest in 5 years
2022: €94k▼ -66.3% vs 2021
2023: €121k▲ +29.6% vs 2022
2024: €100k▼ -18.0% vs 2023
2025: €32k▼ -67.6% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €849k
Fixed assets
€418k ▼ 17.5%
Current assets
€431k ▼ 13.0%
Equity and liabilities €849k
Equity
€19k ▼ 81.8%
Debt
€830k ▼ 7.7%
Debt's share of the balance-sheet total rises from 89.8% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€229k▼
2024 · €320k
Cash flow
€173k▼
2024 · €241k
Current ratio
0.64▼
2024 · 0.74
Quick ratio
0.61▼
2024 · 0.71
Debt to equity
44.65▲
2024 · 8.79
ROE
173.3%▲
2024 · 97.2%
ROA
3.8%▼
2024 · 9.9%
Interest coverage
16.22▲
2024 · 8.06
Debt ≤ 1 year
€674k▲
2024 · €671k
Debt > 1 year
€143k▼
2024 · €220k
Income taxes
€15k▼
2024 · €39k
Staff costs
€1.07M▲
2024 · €981k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.00M€849k▼
Fixed assets21/28€507k€418k▼
Tangible fixed assets22/27€507k€418k▼
Land and buildings22€396€0▼
Plant, machinery and equipment23€101k€96k▼
Furniture and vehicles24€456€2k▲
Other tangible fixed assets26€405k€320k▼
Financial fixed assets28€556€556=
Other financial fixed assets284/8-€556
Amounts receivable and cash guarantees285/8-€556
Current assets29/58€495k€431k▼
Stocks and contracts in progress3€16k€21k▲
Stocks30/36€16k€21k▲
Goods purchased for resale34-€21k
Amounts receivable within one year40/41€107k€63k▼
Trade receivables40€83k€28k▼
Other amounts receivable41€25k€35k▲
Cash at bank and in hand54/58€347k€325k▼
Deferred charges and accrued income490/1€24k€21k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€849k▼
Equity10/15€102k€19k▼
Contributions10/11€19k€19k=
Reserves13€84k€0▼
Distributable reserves133€84k€0▼
Profit (loss) carried forward14€0-
Amounts payable17/49€900k€830k▼
Amounts payable after more than one year17€220k€143k▼
Financial debts170/4€220k€143k▼
Credit institutions173-€143k
Amounts payable within one year42/48€671k€674k▲
Current portion of amounts payable after more than one year42€99k€97k▼
Financial debts43€462€0▼
Other loans439€462€0▼
Trade debts44€378k€363k▼
Suppliers440/4€378k€363k▼
Taxes, remuneration and social security45€93k€97k▲
Taxes450/3€162€0▼
Remuneration and social security454/9€93k€97k▲
Other amounts payable47/48€101k€116k▲
Accrued charges and deferred income492/3€9k€14k▲
Income statement
Code20242025
Operating income70/76A-€5.10M
Turnover70-€5.06M
Other operating income74-€37k
Non-recurring operating income76A€5k€0▼
Operating charges60/66A-€5.01M
Goods for resale, raw materials and consumables60-€1.43M
Purchases600/8-€1.43M
Change in stocks: decrease (increase)609-€-5k
Services and other goods61-€2.34M
Remuneration, social security and pensions62€981k€1.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€140k▼
Other operating charges640/8€45k€38k▼
Non-recurring operating charges66A€0€28▲
Gross operating margin9900€1.35M-
Operating profit (loss)9901€178k€88k▼
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Other financial income752/9-€2
Financial charges65/66B€40k€41k▲
Recurring financial charges65€40k€41k▲
Debt charges650-€14k
Other financial charges652/9-€27k
Profit (loss) for the period before taxes9903€138k€48k▼
Income taxes67/77€39k€15k▼
Taxes670/3-€15k
Profit (loss) for the period9904€100k€32k▼
Profit (loss) for the period to be appropriated9905€100k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€32k▼
Transfer from equity791/2€1k€84k▲
From reserves792-€84k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€101k€116k▲
Return on contributions (dividend)694€101k€116k▲
Social balance
Average headcount (FTE)908719.920.4▲
The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €5.10M | - |
| Turnover70 | - | - | - | - | €5.06M | - |
| Other operating income74 | - | - | - | - | €37k | - |
| Non-recurring operating income76A | - | - | €3k | €5k | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | €5.01M | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €1.43M | - |
| Purchases600/8 | - | - | - | - | €1.43M | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | €-5k | - |
| Services and other goods61 | - | - | - | - | €2.34M | - |
| Remuneration, social security and pensions62 | €788k | €955k | €973k | €981k | €1.07M | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149k | €142k | €113k | €142k | €140k | ▼ 1.1% |
| Other operating charges640/8 | €42k | €61k | €40k | €45k | €38k | ▼ 14.5% |
| Non-recurring operating charges66A | €0 | €425 | €65 | €0 | €28 | - |
| Gross operating margin9900 | €1.38M | €1.31M | €1.33M | €1.35M | - | - |
| Operating profit (loss)9901 | €398k | €149k | €200k | €178k | €88k | ▼ 50.4% |
| Financial income75/76B | €1k | €438 | €120 | €1 | €2 | ▲ 316% |
| Recurring financial income75 | €1k | €438 | €120 | €1 | €2 | ▲ 316% |
| Other financial income752/9 | - | - | - | - | €2 | - |
| Financial charges65/66B | €26k | €22k | €34k | €40k | €41k | ▲ 2.7% |
| Recurring financial charges65 | €26k | €22k | €34k | €40k | €41k | ▲ 2.7% |
| Debt charges650 | - | - | - | - | €14k | - |
| Other financial charges652/9 | - | - | - | - | €27k | - |
| Profit (loss) for the period before taxes9903 | €373k | €128k | €167k | €138k | €48k | ▼ 65.6% |
| Income taxes67/77 | €95k | €35k | €45k | €39k | €15k | ▼ 60.5% |
| Taxes670/3 | - | - | - | - | €15k | - |
| Profit (loss) for the period9904 | €278k | €94k | €121k | €100k | €32k | ▼ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €278k | €94k | €121k | €100k | €32k | ▼ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.06M | €794k | €1.07M | €1.00M | €849k | ▼ 15.3% |
| Fixed assets21/28 | €296k | €297k | €557k | €507k | €418k | ▼ 17.5% |
| Tangible fixed assets22/27 | €296k | €297k | €556k | €507k | €418k | ▼ 17.6% |
| Land and buildings22 | €9k | €6k | €2k | €396 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €84k | €127k | €111k | €101k | €96k | ▼ 4.9% |
| Furniture and vehicles24 | €10k | €5k | €2k | €456 | €2k | ▲ 254% |
| Other tangible fixed assets26 | €194k | €158k | €440k | €405k | €320k | ▼ 20.9% |
| Financial fixed assets28 | €556 | €556 | €556 | €556 | €556 | = |
| Other financial fixed assets284/8 | - | - | - | - | €556 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €556 | - |
| Current assets29/58 | €765k | €496k | €513k | €495k | €431k | ▼ 13.0% |
| Amounts receivable after more than one year29 | €1k | €0 | - | - | - | - |
| Trade receivables290 | €1k | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €15k | €18k | €18k | €16k | €21k | ▲ 31.7% |
| Stocks30/36 | €15k | €18k | €18k | €16k | €21k | ▲ 31.7% |
| Goods purchased for resale34 | - | - | - | - | €21k | - |
| Amounts receivable within one year40/41 | €165k | €82k | €66k | €107k | €63k | ▼ 41.2% |
| Trade receivables40 | €42k | €38k | €36k | €83k | €28k | ▼ 66.0% |
| Other amounts receivable41 | €123k | €44k | €31k | €25k | €35k | ▲ 42.2% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €559k | €379k | €407k | €347k | €325k | ▼ 6.3% |
| Deferred charges and accrued income490/1 | €25k | €17k | €21k | €24k | €21k | ▼ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.06M | €794k | €1.07M | €1.00M | €849k | ▼ 15.3% |
| Equity10/15 | €94k | €98k | €103k | €102k | €19k | ▼ 81.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €76k | €79k | €85k | €84k | €0 | ▼ 100% |
| Distributable reserves133 | €76k | €79k | €85k | €84k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €967k | €696k | €967k | €900k | €830k | ▼ 7.7% |
| Amounts payable after more than one year17 | €54k | €0 | €293k | €220k | €143k | ▼ 34.9% |
| Financial debts170/4 | €54k | €0 | €293k | €220k | €143k | ▼ 34.9% |
| Credit institutions173 | - | - | - | - | €143k | - |
| Amounts payable within one year42/48 | €903k | €682k | €660k | €671k | €674k | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | €70k | €77k | €91k | €99k | €97k | ▼ 1.3% |
| Financial debts43 | €104 | €2k | €2k | €462 | €0 | ▼ 100% |
| Credit institutions430/8 | €104 | €2k | €0 | - | - | - |
| Other loans439 | - | - | €2k | €462 | €0 | ▼ 100% |
| Trade debts44 | €438k | €387k | €359k | €378k | €363k | ▼ 4.1% |
| Suppliers440/4 | €438k | €387k | €359k | €378k | €363k | ▼ 4.1% |
| Taxes, remuneration and social security45 | €145k | €126k | €93k | €93k | €97k | ▲ 4.2% |
| Taxes450/3 | €25k | €146 | €186 | €162 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €120k | €126k | €93k | €93k | €97k | ▲ 4.4% |
| Other amounts payable47/48 | €250k | €91k | €116k | €101k | €116k | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €10k | €14k | €14k | €9k | €14k | ▲ 53.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €278k | €94k | €121k | €100k | €32k | ▼ 67.6% |
| + Depreciation and write-downs630 | €149k | €142k | €113k | €142k | €140k | ▼ 1.1% |
| Operating cash flow (approximation) | €427k | €236k | €234k | €241k | €173k | ▼ 28.5% |
| Investment in fixed assets (approximation) | - | €-143k | €-373k | €-92k | €-51k | ▲ 44.2% |
| Change in cash | - | €-179k | €28k | €-60k | €-22k | ▲ 63.2% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €32k ▼67.6%
Net result drops to €32k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €103k ▲5.9%
6 profitable years in a row build equity to €103k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €278k ▲126%
Operating result €398k, net result €278k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Aartselaar · 1 establishment unit since 2002
Ground area
2,812 m²
Building footprint
556 m²
Volume, LiDAR
2,390 m³
Parcel 11372A0132/00Y000, Flanders · tallest building 5.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DEPICO - MC DONALD'S RESTAURANT
since 20022.114.406.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0132/00Y000 | Flanders | 2,812 m² | 1 · 556 m² | 5.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAartselaar2.114.406.988
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,633 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
Founded19-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.