DERACO
ActiveSummary
DERACO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,817 and a net result of €714. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency100▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 7.32 against 2.58 in 2024; short-term debt: 9.3% and cash: 25% of total assets), and 9.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
90.7%
Return on assets
1.3%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
2 d early
2022
42 d early
2021
26 d early
2020
4 d early
2019
28 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 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€48,817▲ 1.5%
2024 · €48,102
Total assets
€53,810▼ 28.6%
2024 · €75,339
Net result
€714▼ 53.3%
2024 · €1,531
Working capital
€31,566▼ 26.5%
2024 · €42,975
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€254▲ 75.9%€11,058-€2,691€4,627€4,678▲ 1.1%
Net result-€2,537below the sector's middle half▲ 35.3%€5,578within the sector's middle half-€8,590below the sector's middle half€1,531within the sector's middle half€714below the sector's middle half▼ 53.3%
Equity€96,258within the sector's middle half▼ 14.2%€86,835within the sector's middle half▼ 9.8%€78,245within the sector's middle half▼ 9.9%€48,102within the sector's middle half▼ 38.5%€48,817below the sector's middle half▲ 1.5%
Total assets€143,032within the sector's middle half▼ 11.7%€115,244within the sector's middle half▼ 19.4%€102,149within the sector's middle half▼ 11.4%€75,339within the sector's middle half▼ 26.2%€53,810below the sector's middle half▼ 28.6%
Debt€46,774▼ 5.9%€28,409▼ 39.3%€23,904▼ 15.9%€27,236▲ 13.9%€4,993▼ 81.7%
Working capital€91,237▼ 15.7%€57,959▼ 36.5%€71,028▲ 22.5%€42,975▼ 39.5%€31,566▼ 26.5%
Solvency67.3%above the sector's middle half▼ 2.0pp75.3%above the sector's middle half▲ 8.1pp76.6%above the sector's middle half▲ 1.3pp63.8%within the sector's middle half▼ 12.8pp90.7%above the sector's middle half▲ 26.9pp
Staff (FTE)0.8▼ 20.0%0.3▼ 62.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,810
Fixed assets
€17,251 ▲ 236%
Current assets
€36,559 ▼ 47.9%
Equity and liabilities €53,810
Equity
€48,817 ▲ 1.5%
Debt
€4,993 ▼ 81.7%
Debt's share of the balance-sheet total falls from 36.2% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,507▼
2024 · €7,187
Cash flow
€2,543▼
2024 · €4,091
Current ratio
7.32▲
2024 · 2.58
Debt to equity
0.10▼
2024 · 0.57
ROE
1.5%▼
2024 · 3.2%
ROA
1.3%▼
2024 · 2.0%
Interest coverage
8.60▼
2024 · 21.65
Debt ≤ 1 year
€4,993▼
2024 · €27,236
Income taxes
€3,208▲
2024 · €2,765
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 | - | €661 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €392,446 | €279,806 | €201,819 | €189,887 | €174,771 | ▼ 8.0% |
| Remuneration, social security and pensions62 | €37,659 | €13,120 | €187 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,477 | €5,783 | €2,799 | €2,560 | €1,829 | ▼ 28.6% |
| Other operating charges640/8 | €2,159 | €3,188 | €1,565 | €1,672 | €1,210 | ▼ 27.6% |
| Non-recurring operating charges66A | - | - | - | - | €1,389 | - |
| Gross operating margin9900 | €41,042 | €33,149 | €1,860 | €8,859 | €9,105 | ▲ 2.8% |
| Operating profit (loss)9901 | -€254 | €11,058 | -€2,691 | €4,627 | €4,678 | ▲ 1.1% |
| Financial income75/76B | €39 | €9 | €5 | €1 | €1 | ▲ 91.4% |
| Recurring financial income75 | €39 | €9 | €5 | €1 | €1 | ▲ 91.4% |
| Financial charges65/66B | €355 | €159 | €4,311 | €332 | €756 | ▲ 128% |
| Recurring financial charges65 | €355 | €159 | €327 | €332 | €756 | ▲ 128% |
| Non-recurring financial charges66B | - | - | €3,985 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€570 | €10,909 | -€6,998 | €4,296 | €3,923 | ▼ 8.7% |
| Income taxes67/77 | €1,966 | €5,331 | €1,593 | €2,765 | €3,208 | ▲ 16.0% |
| Profit (loss) for the period9904 | -€2,537 | €5,578 | -€8,590 | €1,531 | €714 | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,537 | €5,578 | -€8,590 | €1,531 | €714 | ▼ 53.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,032 | €115,244 | €102,149 | €75,339 | €53,810 | ▼ 28.6% |
| Fixed assets21/28 | €5,020 | €28,877 | €7,217 | €5,128 | €17,251 | ▲ 236% |
| Tangible fixed assets22/27 | €2,620 | €26,477 | €4,817 | €2,728 | €14,851 | ▲ 444% |
| Plant, machinery and equipment23 | €860 | €376 | €193 | €22 | €0 | ▼ 98.7% |
| Furniture and vehicles24 | €1,733 | €26,101 | €4,625 | €2,706 | €284 | ▼ 89.5% |
| Other tangible fixed assets26 | €28 | - | - | - | €14,567 | - |
| Financial fixed assets28 | €2,400 | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Current assets29/58 | €138,012 | €86,368 | €94,931 | €70,211 | €36,559 | ▼ 47.9% |
| Stocks and contracts in progress3 | €5,630 | - | - | - | - | - |
| Stocks30/36 | €5,630 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €101,521 | €59,908 | €46,314 | €43,547 | €20,734 | ▼ 52.4% |
| Trade receivables40 | €59,135 | €39,630 | €17,763 | €28,266 | €15,486 | ▼ 45.2% |
| Other amounts receivable41 | €42,386 | €20,278 | €28,551 | €15,281 | €5,248 | ▼ 65.7% |
| Cash at bank and in hand54/58 | €29,290 | €24,687 | €47,081 | €24,807 | €13,465 | ▼ 45.7% |
| Deferred charges and accrued income490/1 | €1,572 | €1,773 | €1,536 | €1,857 | €2,360 | ▲ 27.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,032 | €115,244 | €102,149 | €75,339 | €53,810 | ▼ 28.6% |
| Equity10/15 | €96,258 | €86,835 | €78,245 | €48,102 | €48,817 | ▲ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €48,534 | €39,111 | €39,111 | €8,969 | €9,683 | ▲ 8.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €46,674 | €37,251 | €37,251 | €7,109 | €7,823 | ▲ 10.1% |
| Profit (loss) carried forward14 | €29,124 | €29,124 | €20,534 | €20,534 | €20,534 | = |
| Amounts payable17/49 | €46,774 | €28,409 | €23,904 | €27,236 | €4,993 | ▼ 81.7% |
| Amounts payable within one year42/48 | €46,774 | €28,409 | €23,904 | €27,236 | €4,993 | ▼ 81.7% |
| Financial debts43 | - | - | €3,376 | €2,535 | €2,524 | ▼ 0.5% |
| Credit institutions430/8 | - | - | €3,376 | €2,535 | €2,524 | ▼ 0.5% |
| Trade debts44 | €43,686 | €25,969 | €18,357 | €21,033 | €2,359 | ▼ 88.8% |
| Suppliers440/4 | €43,686 | €25,969 | €18,357 | €21,033 | €2,359 | ▼ 88.8% |
| Taxes, remuneration and social security45 | €3,089 | €2,440 | €2,170 | €1,584 | - | - |
| Taxes450/3 | €673 | €2,440 | €2,170 | €1,584 | - | - |
| Remuneration and social security454/9 | €2,416 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,085 | €110 | ▼ 94.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,537 | €5,578 | -€8,590 | €1,531 | €714 | ▼ 53.3% |
| + Depreciation and write-downs630 | €1,477 | €5,783 | €2,799 | €2,560 | €1,829 | ▼ 28.6% |
| Operating cash flow (approximation) | -€1,059 | €11,360 | -€5,792 | €4,091 | €2,543 | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | -€29,639 | €18,861 | -€470 | -€13,951 | ▼ 2,867% |
| Change in cash | - | -€4,602 | €22,394 | -€22,274 | -€11,342 | ▲ 49.1% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 7.32
Current ratio from 2.58 to 7.32; short-term debt falls from €27,236 to €4,993.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,531
Net result €1,531 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€8,590
Net result drops to -€8,590, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,578
Net result €5,578 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €31,674 ▲108%
Operating result €47,490, net result €31,674, both a record.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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, Beerse · 1 establishment unit since 2005
Ground area
588 m²
Building footprint
109 m²
Volume, LiDAR
717 m³
Parcel 13004C0326/00A002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Deraco
since 20052.148.466.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004C0326/00A002 | Flanders | 588 m² | 1 · 109 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,386 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
Founded05-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
42110Construction of roads and motorways
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875447962
Also
9925:BE0875447962
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.