DERCO SYSTEMS
ActiveSummary
DERCO SYSTEMS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353,758 and a net result of €6,447. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 58% of 2729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency80▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.03 in 2024; short-term debt: 44.5% and cash: 61.1% of total assets), and 44.6% 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
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
55.4%
Return on assets
1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €353,758
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
2 d early
2023
29 d late
2022
31 d late
2021
76 d late
2020
87 d late
2019
91 d late
← 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 37 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
In the rankings
#1 oldest company in Oudenaarde, Telecoms and IT sector
Equity
€353,758▲ 1.9%
2024 · €347,312
Total assets
€638,520▲ 5.0%
2024 · €608,205
Net result
€6,447▼ 97.3%
2024 · €242,472
Working capital
€275,122▲ 5.9%
2024 · €259,714
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€2,168€158▼ 92.7%-€14,497€247,518€10,260▼ 95.9%
Net result€1,043within the sector's middle half€234within the sector's middle half▼ 77.6%-€16,834below the sector's middle half€242,472above the sector's middle half€6,447within the sector's middle half▼ 97.3%
Equity€121,440within the sector's middle half▲ 0.9%€121,674within the sector's middle half▲ 0.2%€104,840within the sector's middle half▼ 13.8%€347,312within the sector's middle half▲ 231%€353,758within the sector's middle half▲ 1.9%
Total assets€362,016within the sector's middle half▼ 15.2%€491,158within the sector's middle half▲ 35.7%€392,979within the sector's middle half▼ 20.0%€608,205within the sector's middle half▲ 54.8%€638,520within the sector's middle half▲ 5.0%
Debt€240,576▼ 21.5%€369,483▲ 53.6%€288,139▼ 22.0%€260,894▼ 9.5%€284,762▲ 9.1%
Working capital€29,522within the sector's middle half▲ 59.1%€33,487within the sector's middle half▲ 13.4%-€1,776below the sector's middle half€259,714within the sector's middle half€275,122within the sector's middle half▲ 5.9%
Solvency33.5%within the sector's middle half▲ 5.3pp24.8%within the sector's middle half▼ 8.8pp26.7%within the sector's middle half▲ 1.9pp57.1%within the sector's middle half▲ 30.4pp55.4%within the sector's middle half▼ 1.7pp
Current ratio1.12within the sector's middle half▲ 0.061.09within the sector's middle half▼ 0.030.99within the sector's middle half▼ 0.102.03within the sector's middle half▲ 1.031.97within the sector's middle half▼ 0.06
Return on assets (ROA)0.3%within the sector's middle half▲ 2.2pp0.0%within the sector's middle half▼ 0.2pp-4.3%below the sector's middle half▼ 4.3pp39.9%above the sector's middle half▲ 44.2pp1.0%within the sector's middle half▼ 38.9pp
Staff (FTE)8.2within the sector's middle half▼ 4.7%7.6within the sector's middle half▼ 7.3%7.6within the sector's middle half=7.8within the sector's middle half▲ 2.6%7.7within the sector's middle half▼ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €638,520
Fixed assets
€79,037 ▼ 17.4%
Current assets
€559,484 ▲ 9.2%
Equity and liabilities €638,520
Equity
€353,758 ▲ 1.9%
Debt
€284,762 ▲ 9.1%
Debt's share of the balance-sheet total rises from 42.9% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,188▼
2024 · €267,052
Cash flow
€29,375▼
2024 · €262,006
Quick ratio
1.41▼
2024 · 1.50
Debt to equity
0.80▲
2024 · 0.75
ROE
1.8%▼
2024 · 69.8%
Interest coverage
13.79▼
2024 · 63.14
Debt ≤ 1 year
€284,362▲
2024 · €252,797
Income taxes
€4,377▲
2024 · €2,564
Staff costs
€388,862▲
2024 · €382,629
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 0.1% 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 | - | €341,413 | - | - |
| Remuneration, social security and pensions62 | €334,805 | €362,700 | €387,083 | €382,629 | €388,862 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,597 | €9,398 | €11,449 | €19,534 | €22,929 | ▲ 17.4% |
| Other operating charges640/8 | €10,014 | €8,831 | €8,050 | €11,245 | €6,208 | ▼ 44.8% |
| Non-recurring operating charges66A | - | - | - | €15,625 | - | - |
| Gross operating margin9900 | €362,584 | €381,087 | €392,086 | €676,550 | €428,258 | ▼ 36.7% |
| Operating profit (loss)9901 | €2,168 | €158 | -€14,497 | €247,518 | €10,260 | ▼ 95.9% |
| Financial income75/76B | €2,759 | €2,708 | €1,207 | €1,747 | €2,970 | ▲ 70.0% |
| Recurring financial income75 | €2,759 | €2,708 | €1,207 | €1,747 | €2,970 | ▲ 70.0% |
| Financial charges65/66B | €2,122 | €2,096 | €3,258 | €4,229 | €2,406 | ▼ 43.1% |
| Recurring financial charges65 | €2,122 | €2,096 | €3,258 | €4,229 | €2,406 | ▼ 43.1% |
| Profit (loss) for the period before taxes9903 | €2,805 | €770 | -€16,548 | €245,035 | €10,823 | ▼ 95.6% |
| Income taxes67/77 | €1,762 | €536 | €286 | €2,564 | €4,377 | ▲ 70.7% |
| Profit (loss) for the period9904 | €1,043 | €234 | -€16,834 | €242,472 | €6,447 | ▼ 97.3% |
| Profit (loss) for the period to be appropriated9905 | €1,043 | €234 | -€16,834 | €242,472 | €6,447 | ▼ 97.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362,016 | €491,158 | €392,979 | €608,205 | €638,520 | ▲ 5.0% |
| Fixed assets21/28 | €93,532 | €100,280 | €106,616 | €95,695 | €79,037 | ▼ 17.4% |
| Tangible fixed assets22/27 | €76,533 | €83,281 | €86,462 | €91,141 | €74,451 | ▼ 18.3% |
| Land and buildings22 | €56,654 | €52,621 | €48,587 | - | - | - |
| Plant, machinery and equipment23 | €5,174 | €4,066 | €2,958 | €2,702 | €3,054 | ▲ 13.0% |
| Furniture and vehicles24 | - | - | €11,103 | €68,269 | €54,872 | ▼ 19.6% |
| Leasing and similar rights25 | - | €14,332 | - | - | - | - |
| Other tangible fixed assets26 | €14,705 | €12,262 | €23,814 | €20,169 | €16,524 | ▼ 18.1% |
| Financial fixed assets28 | €16,999 | €16,999 | €20,154 | €4,554 | €4,586 | ▲ 0.7% |
| Current assets29/58 | €268,484 | €390,878 | €286,363 | €512,511 | €559,484 | ▲ 9.2% |
| Stocks and contracts in progress3 | €160,812 | €175,844 | €168,062 | €133,075 | €158,186 | ▲ 18.9% |
| Stocks30/36 | €160,812 | €175,844 | €168,062 | €133,075 | €158,186 | ▲ 18.9% |
| Amounts receivable within one year40/41 | €79,783 | €74,399 | €51,858 | €18,642 | €6,191 | ▼ 66.8% |
| Trade receivables40 | €79,783 | €74,399 | €51,858 | €18,642 | €6,191 | ▼ 66.8% |
| Cash at bank and in hand54/58 | €22,522 | €137,470 | €61,617 | €355,159 | €390,078 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | €5,367 | €3,166 | €4,826 | €5,635 | €5,028 | ▼ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362,016 | €491,158 | €392,979 | €608,205 | €638,520 | ▲ 5.0% |
| Equity10/15 | €121,440 | €121,674 | €104,840 | €347,312 | €353,758 | ▲ 1.9% |
| Contributions10/11 | €414,500 | €414,500 | €414,500 | €414,500 | €414,500 | = |
| Capital10 | €414,500 | €414,500 | €414,500 | €414,500 | €414,500 | = |
| Issued capital100 | €414,500 | €414,500 | €414,500 | €414,500 | €414,500 | = |
| Reserves13 | €3,473 | €3,473 | €3,473 | €3,473 | €3,473 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €1,614 | €1,614 | €1,614 | €1,614 | €1,614 | = |
| Profit (loss) carried forward14 | -€296,533 | -€296,298 | -€313,133 | -€70,661 | -€64,214 | ▲ 9.1% |
| Amounts payable17/49 | €240,576 | €369,483 | €288,139 | €260,894 | €284,762 | ▲ 9.1% |
| Amounts payable after more than one year17 | - | €10,000 | - | €4,203 | - | - |
| Financial debts170/4 | - | €10,000 | - | €4,203 | - | - |
| Amounts payable within one year42/48 | €238,961 | €357,391 | €288,139 | €252,797 | €284,362 | ▲ 12.5% |
| Financial debts43 | €31,551 | €40,475 | €44,169 | €16,638 | €16,790 | ▲ 0.9% |
| Credit institutions430/8 | €31,551 | €40,475 | €44,169 | €16,638 | €16,790 | ▲ 0.9% |
| Trade debts44 | €141,601 | €242,459 | €173,510 | €172,751 | €199,871 | ▲ 15.7% |
| Suppliers440/4 | €141,601 | €242,459 | €173,510 | €172,751 | €199,871 | ▲ 15.7% |
| Taxes, remuneration and social security45 | €43,895 | €60,159 | €60,968 | €59,986 | €64,022 | ▲ 6.7% |
| Taxes450/3 | €7,660 | €15,487 | €13,054 | €15,189 | €16,803 | ▲ 10.6% |
| Remuneration and social security454/9 | €36,235 | €44,671 | €47,914 | €44,798 | €47,220 | ▲ 5.4% |
| Other amounts payable47/48 | €21,914 | €14,298 | €9,491 | €3,422 | €3,680 | ▲ 7.5% |
| Accrued charges and deferred income492/3 | €1,614 | €2,092 | - | €3,894 | €400 | ▼ 89.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,043 | €234 | -€16,834 | €242,472 | €6,447 | ▼ 97.3% |
| + Depreciation and write-downs630 | €15,597 | €9,398 | €11,449 | €19,534 | €22,929 | ▲ 17.4% |
| Operating cash flow (approximation) | €16,640 | €9,633 | -€5,385 | €262,006 | €29,375 | ▼ 88.8% |
| Investment in fixed assets (approximation) | - | -€16,146 | -€17,786 | -€8,613 | -€6,270 | ▲ 27.2% |
| Change in cash | - | €114,947 | -€75,852 | €293,541 | €34,919 | ▼ 88.1% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €242,472
Net result €242,472 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.03
Current ratio from 0.99 to 2.03; short-term debt falls from €288,139 to €252,797.
31-12
Financial
Equity above €200,000Eq €347,312 ▲231%
Equity rises from €104,840 to €347,312.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 76 days late
2021
31-12
Financial
Back to profitnet €1,043
Net result €1,043 after 3 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€70,078
Net result drops to -€70,078, the lowest in the series; recovery starts the following year.
Show earlier events
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Oudenaarde · 2 establishment units since 1992
Ground area
3,610 m²
Building footprint
1,525 m²
Volume, LiDAR
1,298 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
DERCO SYSTEMS NV
since 19922.057.077.416
DERCO SYSTEMS
since 19992.057.077.614
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508A0172/00A000 | Flanders | 3,490 m² | 1 · 1,408 m² | - |
| 45423E0689/00A000 | Flanders | 119 m² | 1 · 117 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 5,986 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62100Computer programming
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446973822
Also
9925:BE0446973822
Registered
20-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.