Derco Groep
ActiveSummary
The computed 12-month bankruptcy probability of Derco Groep is 3.4% (moderate). The 2025 annual accounts show equity of €3k and a net result of €1k. Equity is shrinking by ~43.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 18% of 4654 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+71
Solvency29▼-63
Growth32=
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.77; short-term debt: 95.6% and cash: 21.3% of total assets), and 95.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4654 sector peers (2025).
NBB · sector comparisonPosition among 4654 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
28 d early
2023
30 d late
← 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, micro schema
Equity
€3k▲ 75.1%
2024 · €2k
2023: €5khighest in 3 years
2024: €2k▼ -69.6% vs 2023lowest in 3 years
2025: €3k▲ +75.1% vs 2024
2023 → 2025
Total assets
€65k▲ 2,566%
2024 · €2k
2023: €10k
2024: €2k▼ -76.4% vs 2023lowest in 3 years
2025: €65k▲ +2566% vs 2024highest in 3 years
2023 → 2025
Net result
€1k
2024 · €-4k
2023: €3khighest in 3 years
2024: €-4k▼ -230% vs 2023lowest in 3 years
2025: €1k▲ +133% vs 2024
2023 → 2025
Working capital
€-15k
2024 · €1k
2023: €4khighest in 3 years
2024: €1k▼ -74.4% vs 2023
2025: €-15k▼ -1389% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€2k▼ 69.6%€3k▲ 75.1%
2023: €5khighest in 3 years
2024: €2k▼ -69.6% vs 2023lowest in 3 years
2025: €3k▲ +75.1% vs 2024
Operating result€4k-€-4k€2k
2023: €4khighest in 3 years
2024: €-4k▼ -201% vs 2023lowest in 3 years
2025: €2k▲ +156% vs 2024
Net result€3k-€-4k€1k
2023: €3khighest in 3 years
2024: €-4k▼ -230% vs 2023lowest in 3 years
2025: €1k▲ +133% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€17k ▲ 3,307%
Current assets
€47k ▲ 2,369%
Equity and liabilities €65k
Equity
€3k ▲ 75.1%
Debt
€62k ▲ 7,687%
Debt's share of the balance-sheet total rises from 32.7% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▲
2024 · €-3k
Cash flow
€4k▲
2024 · €-3k
Current ratio
0.77
Debt to equity
21.63
ROE
42.9%
ROA
1.9%
Interest coverage
7.35▲
2024 · -82.98
Debt ≤ 1 year
€62k▲
2024 · €796
Income taxes
€123▲
2024 · €0
Staff costs
€32k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2k€65k▲
Fixed assets21/28€510€17k▲
Tangible fixed assets22/27€510€16k▲
Furniture and vehicles24€510€16k▲
Financial fixed assets28-€2k
Current assets29/58€2k€47k▲
Amounts receivable within one year40/41€1k€34k▲
Trade receivables40€0€33k▲
Other amounts receivable41€1k€434▼
Cash at bank and in hand54/58€821€14k▲
Equity and liabilities
Total equity and liabilities10/49€2k€65k▲
Equity10/15€2k€3k▲
Contributions10/11€3k€3k=
Reserves13-€1k
Distributable reserves133-€1k
Profit (loss) carried forward14€-864€-864=
Amounts payable17/49€796€62k▲
Amounts payable within one year42/48€796€62k▲
Trade debts44€47€22k▲
Suppliers440/4€47€22k▲
Taxes, remuneration and social security45€749€14k▲
Taxes450/3€749€7k▲
Remuneration and social security454/9€0€7k▲
Other amounts payable47/48-€26k
Income statement
Code20242025
Remuneration, social security and pensions62-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€461€3k▲
Other operating charges640/8€854€1k▲
Non-recurring operating charges66A-€510
Gross operating margin9900€-2k€39k▲
Operating profit (loss)9901€-4k€2k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€39€721▲
Recurring financial charges65€39€721▲
Profit (loss) for the period before taxes9903€-4k€1k▲
Income taxes67/77€0€123▲
Profit (loss) for the period9904€-4k€1k▲
Profit (loss) for the period to be appropriated9905€-4k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-864€364▲
Profit (loss) brought forward from the previous period14P€3k€-864▼
Transfer to equity691/2-€1k
To other reserves6921-€1k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €32k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €411 | €461 | €3k | ▲ 600% |
| Other operating charges640/8 | €432 | €854 | €1k | ▲ 36.3% |
| Non-recurring operating charges66A | - | - | €510 | - |
| Gross operating margin9900 | €5k | €-2k | €39k | ▲ 1,731% |
| Operating profit (loss)9901 | €4k | €-4k | €2k | ▲ 156% |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | €32 | €39 | €721 | ▲ 1,746% |
| Recurring financial charges65 | €32 | €39 | €721 | ▲ 1,746% |
| Profit (loss) for the period before taxes9903 | €4k | €-4k | €1k | ▲ 136% |
| Income taxes67/77 | €749 | €0 | €123 | - |
| Profit (loss) for the period9904 | €3k | €-4k | €1k | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-4k | €1k | ▲ 133% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10k | €2k | €65k | ▲ 2,566% |
| Fixed assets21/28 | €971 | €510 | €17k | ▲ 3,307% |
| Tangible fixed assets22/27 | €971 | €510 | €16k | ▲ 3,013% |
| Furniture and vehicles24 | €971 | €510 | €16k | ▲ 3,013% |
| Financial fixed assets28 | - | - | €2k | - |
| Current assets29/58 | €9k | €2k | €47k | ▲ 2,369% |
| Amounts receivable within one year40/41 | €5k | €1k | €34k | ▲ 2,955% |
| Trade receivables40 | €3k | €0 | €33k | - |
| Other amounts receivable41 | €2k | €1k | €434 | ▼ 60.5% |
| Cash at bank and in hand54/58 | €5k | €821 | €14k | ▲ 1,583% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10k | €2k | €65k | ▲ 2,566% |
| Equity10/15 | €5k | €2k | €3k | ▲ 75.1% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | - | €1k | - |
| Distributable reserves133 | - | - | €1k | - |
| Profit (loss) carried forward14 | €3k | €-864 | €-864 | = |
| Amounts payable17/49 | €5k | €796 | €62k | ▲ 7,687% |
| Amounts payable within one year42/48 | €5k | €796 | €62k | ▲ 7,687% |
| Trade debts44 | €626 | €47 | €22k | ▲ 46,070% |
| Suppliers440/4 | €626 | €47 | €22k | ▲ 46,070% |
| Taxes, remuneration and social security45 | €4k | €749 | €14k | ▲ 1,802% |
| Taxes450/3 | €2k | €749 | €7k | ▲ 853% |
| Remuneration and social security454/9 | €2k | €0 | €7k | - |
| Other amounts payable47/48 | - | - | €26k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-4k | €1k | ▲ 133% |
| + Depreciation and write-downs630 | €411 | €461 | €3k | ▲ 600% |
| Operating cash flow (approximation) | €3k | €-3k | €4k | ▲ 236% |
| Investment in fixed assets (approximation) | - | €0 | €-20k | - |
| Change in cash | - | €-4k | €13k | ▲ 428% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Koekelare · 1 establishment unit since 2023
Ground area
442 m²
Building footprint
122 m²
Parcel 32010D0100/00Z002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Derco Groep
since 20232.339.981.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010D0100/00Z002 | Flanders | 442 m² | 1 · 122 m² | - |
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 12,590 companies in sector 49410 we hold annual accounts for 8,199. 1,913 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
Founded06-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43410Roofing work
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.