Checked.be
Active
BE 0474.188.755Private limited company
DERBRO
Allemansweg 3 ·3650 Dilsen-Stokkem, Belgium· 25 yrs active
Conclusion
DERBRO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €-5k. Equity is shrinking by ~2.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €185k |
| Net result | €-5k |
| Active | 25 yrs |
| Locations | 1 |
Financial profile
60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€13k
estimate, not credit advice
Score history
48
2018
62
2019
86
2020
86
2021
94
2022
45
2023
70
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2015.90 (≥ 1.5)
+10
Quick ratio
Quick ratio 2015.90 (≥ 1.0)
+5
Leverage
Debt/equity 0.00 (< 1.0)
+10
Profitability
Negatieve ROE -3%
-10
Interest coverage
Interest coverage 172.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-05-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~26.1%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€26k
-12.9%
18-25
€-5k
-200.4%
18-25
€25k
-13.2%
18-25
€185k
-6.2%
18-25
€185k
-2.6%
18-25
€40k
+61.7%
18-25
€429
-2.6%
18-25
€0
-100.0%
18-25
€20
-99.7%
18-25
€20
-99.7%
18-25
€0
-100.0%
18-25
2015.90
+46119.5%
18-25
2015.90
+46119.5%
18-25
100.0%
+3.9%
18-25
0.00
-99.7%
18-25
-2.7%
-208.4%
18-25
-2.7%
-220.3%
18-25
172.31
-21.6%
18-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €26k | €30k | €28k | €38k | €39k |
| Net profit | €-5k | €-2k | €-692 | €14k | €13k |
| Cash flow | €25k | €29k | €30k | €29k | €30k |
| Staff costs | - | - | - | - | - |
| Income taxes | €429 | €441 | €-2k | €8k | €9k |
| Dividends | - | €0 | €54k | €2k | €2k |
| Total assets | €185k | €198k | €254k | €256k | €243k |
| Equity | €185k | €190k | €192k | €247k | €234k |
| Debt | €20 | €7k | €62k | €9k | €9k |
| of which ≤ 1y | €20 | €7k | €62k | €9k | €9k |
| of which > 1y | - | - | - | - | €0 |
| Working capital | €40k | €25k | €-3k | €33k | €126k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2015.90 | 4.36 | 0.95 | 4.63 | 15.17 |
| Quick ratio | 2015.90 | 4.36 | 0.95 | 4.63 | 15.17 |
| Working capital ratio | 21.6% | 12.5% | -1.2% | 12.7% | 51.6% |
| Solvency | 100.0% | 96.3% | 75.5% | 96.5% | 96.4% |
| Debt / equity | 0.00 | 0.04 | 0.32 | 0.04 | 0.04 |
| Long-term debt ratio | - | - | - | - | 0.00 |
| Interest coverage | 172.31 | 219.89 | 224.76 | 72.80 | 98.53 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -2.7% | -0.8% | -0.3% | 5.5% | 5.4% |
| ROE | -2.7% | -0.9% | -0.4% | 5.7% | 5.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €185k | €198k | €254k | €256k | €243k |
| Fixed assets | 21/28 | €145k | €166k | €195k | €214k | €109k |
| Tangible fixed assets | 22/27 | €145k | €166k | €195k | €214k | €109k |
| Current assets | 29/58 | €40k | €32k | €59k | €42k | €134k |
| Amounts receivable within one year | 40/41 | €7k | €13k | €13k | €29k | €13k |
| Cash & bank | 54/58 | €30k | €19k | €46k | €11k | €118k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €185k | €198k | €254k | €256k | €243k |
| Equity | 10/15 | €185k | €190k | €192k | €247k | €234k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €174k | €174k | €174k | €228k | €216k |
| Accumulated profits (losses) | 14 | €-7k | €-2k | €-692 | €0 | €0 |
| Amounts payable | 17/49 | €20 | €7k | €62k | €9k | €9k |
| Amounts payable after one year | 17 | - | - | - | - | €0 |
| Amounts payable within one year | 42/48 | €20 | €7k | €62k | €9k | €9k |
| Trade debts payable within one year | 44 | €0 | €707 | €0 | €469 | €137 |
| Income statement | ||||||
| Gross operating margin | 9900 | €30k | €33k | €32k | €43k | €43k |
| Operating result | 9901 | €-4k | €-1k | €-3k | €23k | €22k |
| Financial charges | 65 | €150 | €135 | €124 | €520 | €398 |
| Result before taxes | 9903 | €-5k | €-1k | €-3k | €22k | €22k |
| Income taxes | 67/77 | €429 | €441 | €-2k | €8k | €9k |
| Net result for the period | 9904 | €-5k | €-2k | €-692 | €14k | €13k |
| Result to be appropriated | 9905 | €-5k | €-2k | €-692 | €14k | €13k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 26-02-2001 |
| Status | Active |
| Postal code | 3650 |
Establishment units
DERBRO
since 20012.095.351.339
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B0947/00M000 | Flanders | 872 m² | 1 · 197 m² | 8.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 462current ratio 2015.90
Current ratio from 4.36 to 2015.90; short-term debt falls from €7k to €20.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 4.36
Current ratio from 0.95 to 4.36; short-term debt falls from €62k to €7k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 16.62
Current ratio from 5.70 to 16.62; short-term debt falls from €15k to €7k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-25k ▼211%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 34current ratio 5.70
Current ratio from 0.17 to 5.70.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | DERBRO |