Equity
€326,201 from €688,560 in 2017
Equity fell by 53% in 8 years.
DEPO
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1990peak €496,893 (2017)
€192,858▲ 23.5%
lowest -€180,761 (2018)
-€4,677▲ €32,263
peak €688,560 (2017)
€326,201▼ 1.4%
€2.2m▲ 5.6%
peak 10.2 FTE (2008)
-not published
Board2 names since 2022
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €156,209 to €192,858Loss of €4,677Cash from €16,454 to €46,148
Key points
from the 2025 annual accountsLosses
-€362,359 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2018 was the heaviest.
Turnover
≈ €260,000 estimated
The accounts state no turnover.
Debts
€2.2m 85% of the balance sheet
Financial debts 48%Suppliers 0%Taxes and wages 1%Other 51%
Of this, €1.0m falls due within a year.
Filings
36 annual accounts since 1990
Ten of the last ten came late. The 2022 accounts came latest: 242 days after the end of the period.
Position in the sector
€2.5m
Larger balance sheet than 90% of companies in real estate. Sector median €447,326 · 19,807 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,503 companies had the same profile as DEPO has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,503 companies, not a prediction for DEPO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
New establishment in Bruges
Lissehof, Lieven Bauwensstraat 16
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438554222
2 directors appointed, 1 resignation
Appointments: (statutory director) and (director) · Resignation: (director) · “1) producten van de banketbakkerij en van het suikergoed, omvattende ondermeer chocoladehoudende producten…” (deed in Dutch) · Gazette deed
First establishment
Katelijnestraat 5, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEPO Bruges | €2.5m | €192,858 | 12.8% | - |
| TRIMAX Knokke-Heist | €2.6m | €195,340 | 52.0% | - |
| BIERHALLE DECONINCK Anzegem | €2.4m | €168,574 | 40.0% | 0 |
| BIVERMA Kortrijk | €2.7m | €209,192 | 60.8% | - |
| GREEN STREET IMMO Kortrijk | €2.9m | €183,557 | 1.0% | - |
| COMPUTER INVEST Zwevegem | €2.5m | €179,814 | 41.9% | - |
| Jozeph Kortrijk | €2.4m | €243,253 | 98.9% | 0 |
These companies have the same main activity as DEPO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.4m and €2.9m, founded between 1983 and 1993.
Official details
Source: KBO- Status
- Active since 29-09-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 7 others
- Establishment units
- 2.045.367.7348000 Bruges, since 30-10-1989
- 2.395.832.1978200 Bruges, since 01-10-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 23-06-2025
Insights on DEPO
DEPO files the micro format. That format states no turnover. The gross margin fell from €237,986 in 2007 to €192,858 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DEPO
- What is the company number of DEPO?
- The company number of DEPO is 0438.554.222. The VAT number is the same number with BE in front: BE 0438.554.222.
- Where is DEPO based?
- The registered office is at Katelijnestraat 5, 8000 Bruges.Company details
- What does DEPO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of DEPO?
- DEPO is a private limited company (BV).
- When was DEPO founded?
- DEPO was founded on 29-09-1989.
- Is DEPO still active?
- Yes, DEPO is an active enterprise in the KBO register.
- What is the turnover of DEPO?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €192,858 and 37 comparable companies (NACE 68203). It probably lies between €210,000 and €410,000.Financials
- Is DEPO profitable?
- In financial year 2025, DEPO made a loss of €4,677.
- Where can I find the annual accounts of DEPO?
- DEPO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEPO due?
- DEPO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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