DERÉ KRIS
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 17 filings
Turnover
≈ €180,000
Estimated: probably between €110,000 and €340,000
Total assets
€128,910▲ 6.3%
2025 · €121,284
Net result
-€1,663
2025 · €2,123
Working capital
€42,788▼ 27.8%
2025 · €59,303
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€258
▼ 93.6%
2026
20192026
Net result
-€1,663
2026
20192026
Equity
€72,996
▼ 2.2%
2026
20192026
Total assets
€128,910
▲ 6.3%
2026
20192026
Debt
€55,914
▲ 19.9%
2026
20192026
Working capital
€42,788
▼ 27.8%
2026
20192026
Solvency
56.6%
▼ 4.9pp
2026
20192026
Current ratio
2.63
▲ 0.32
2026
20192026
Return on assets (ROA)
-1.3%
▼ 3.0pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€43,374-€11,188▼ 74.2%€11,423▲ 2.1%€8,843▼ 22.6%€4,259▼ 51.8%€2,155▼ 49.4%€4,049▲ 87.9%€258▼ 93.6%
Net result€32,967-€6,838▼ 79.3%€10,749within the sector's middle half▲ 57.2%€6,223within the sector's middle half▼ 42.1%€3,260within the sector's middle half▼ 47.6%€835within the sector's middle half▼ 74.4%€2,123within the sector's middle half▲ 154%-€1,663
Equity€53,797-€60,635▲ 12.7%€71,385within the sector's middle half▲ 17.7%€77,608within the sector's middle half▲ 8.7%€80,867within the sector's middle half▲ 4.2%€81,702within the sector's middle half▲ 1.0%€74,659within the sector's middle half▼ 8.6%€72,996▼ 2.2%
Total assets€153,085-€121,335▼ 20.7%€102,134within the sector's middle half▼ 15.8%€95,038within the sector's middle half▼ 6.9%€105,671within the sector's middle half▲ 11.2%€114,332within the sector's middle half▲ 8.2%€121,284within the sector's middle half▲ 6.1%€128,910▲ 6.3%
Debt€99,287-€60,699▼ 38.9%€30,750▼ 49.3%€17,430▼ 43.3%€24,804▲ 42.3%€32,630▲ 31.6%€46,625▲ 42.9%€55,914▲ 19.9%
Working capital€10,410-€30,954▲ 197%€49,185within the sector's middle half▲ 58.9%€64,180within the sector's middle half▲ 30.5%€68,259within the sector's middle half▲ 6.4%€65,408within the sector's middle half▼ 4.2%€59,303within the sector's middle half▼ 9.3%€42,788▼ 27.8%
Solvency35.1%-50.0%▲ 14.8pp69.9%above the sector's middle half▲ 19.9pp81.7%above the sector's middle half▲ 11.8pp76.5%above the sector's middle half▼ 5.1pp71.5%above the sector's middle half▼ 5.1pp61.6%within the sector's middle half▼ 9.9pp56.6%▼ 4.9pp
Current ratio1.16-1.64▲ 0.482.60within the sector's middle half▲ 0.964.68above the sector's middle half▲ 2.084.63above the sector's middle half▼ 0.063.42above the sector's middle half▼ 1.212.31within the sector's middle half▼ 1.112.63▲ 0.32
Return on assets (ROA)21.5%-5.6%▼ 15.9pp10.5%within the sector's middle half▲ 4.9pp6.5%within the sector's middle half▼ 4.0pp3.1%within the sector's middle half▼ 3.5pp0.7%within the sector's middle half▼ 2.4pp1.8%within the sector's middle half▲ 1.0pp-1.3%▼ 3.0pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 94% lower than in 2025 and the lowest since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €128,910
Fixed assets
€59,869 ▲ 259%
Current assets
€69,041 ▼ 34.0%
Equity and liabilities €128,910
Equity
€72,996 ▼ 2.2%
Debt
€55,914 ▲ 19.9%
Debt's share of the balance-sheet total rises from 38.4% to 43.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,017▲
2025 · €10,439
Cash flow
€14,096▲
2025 · €8,513
Quick ratio
1.34▼
2025 · 1.41
Debt to equity
0.77▲
2025 · 0.62
ROE
-2.3%▼
2025 · 2.8%
Interest coverage
7.44▲
2025 · 6.93
Debt ≤ 1 year
€26,253▼
2025 · €45,321
Debt > 1 year
€29,661▲
2025 · €1,304
Income taxes
€345▼
2025 · €856
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,536 | €14,753 | €8,596 | €1,156 | €58,968 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €10,308 | €9,595 | €5,289 | €6,390 | €15,758 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €69 awarded · €69 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,568 | €35,498 | €26,593 | €10,308 | €9,595 | €5,289 | €6,390 | €15,758 | ▲ 147% |
| Other operating charges640/8 | - | - | - | €1,154 | €1,293 | €1,319 | €1,457 | €1,436 | ▼ 1.4% |
| Gross operating margin9900 | €87,123 | €47,685 | €39,369 | €20,305 | €15,147 | €8,763 | €11,896 | €17,453 | ▲ 46.7% |
| Operating profit (loss)9901 | €43,374 | €11,188 | €11,423 | €8,843 | €4,259 | €2,155 | €4,049 | €258 | ▼ 93.6% |
| Financial income75/76B | - | - | - | €380 | €549 | €353 | €436 | €577 | ▲ 32.4% |
| Recurring financial income75 | €831 | €488 | €609 | €380 | €549 | €353 | €436 | €577 | ▲ 32.4% |
| Financial charges65/66B | - | - | - | €1,228 | €1,222 | €1,138 | €1,506 | €2,153 | ▲ 43.0% |
| Recurring financial charges65 | €4,565 | €2,477 | €1,121 | €1,228 | €1,222 | €1,138 | €1,506 | €2,153 | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | €39,640 | €9,199 | €10,910 | €7,994 | €3,586 | €1,370 | €2,979 | -€1,318 | - |
| Income taxes67/77 | €6,673 | €2,361 | €161 | €1,772 | €326 | €535 | €856 | €345 | ▼ 59.7% |
| Profit (loss) for the period9904 | €32,967 | €6,838 | €10,749 | €6,223 | €3,260 | €835 | €2,123 | -€1,663 | - |
| Profit (loss) for the period to be appropriated9905 | €32,967 | €6,838 | €10,749 | €6,223 | €3,260 | €835 | €2,123 | -€1,663 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €153,085 | €121,335 | €102,134 | €95,038 | €105,671 | €114,332 | €121,284 | €128,910 | ▲ 6.3% |
| Fixed assets21/28 | €75,901 | €42,015 | €22,199 | €13,428 | €18,586 | €21,894 | €16,660 | €59,869 | ▲ 259% |
| Tangible fixed assets22/27 | €75,901 | €42,015 | €22,199 | €13,428 | €18,586 | €21,894 | €16,660 | €59,869 | ▲ 259% |
| Plant, machinery and equipment23 | - | - | - | €12,060 | €18,028 | €14,951 | €10,484 | €8,895 | ▼ 15.2% |
| Furniture and vehicles24 | - | - | - | €1,368 | €559 | €6,943 | €6,175 | €50,974 | ▲ 725% |
| Current assets29/58 | €77,183 | €79,320 | €79,935 | €81,610 | €87,085 | €92,439 | €104,624 | €69,041 | ▼ 34.0% |
| Stocks and contracts in progress3 | €18,143 | €18,258 | €31,194 | €38,324 | €31,710 | €35,643 | €40,842 | €33,860 | ▼ 17.1% |
| Stocks30/36 | - | - | - | €29,824 | €31,710 | €27,643 | €20,842 | €20,860 | ▲ 0.1% |
| Contracts in progress37 | - | - | - | €8,500 | - | €8,000 | €20,000 | €13,000 | ▼ 35.0% |
| Amounts receivable within one year40/41 | €14,222 | €19,048 | €22,666 | €20,027 | €46,764 | €13,282 | €20,918 | €15,541 | ▼ 25.7% |
| Trade receivables40 | - | - | - | €16,798 | €43,226 | €9,766 | €18,447 | €13,702 | ▼ 25.7% |
| Other amounts receivable41 | - | - | - | €3,228 | €3,537 | €3,516 | €2,472 | €1,839 | ▼ 25.6% |
| Cash at bank and in hand54/58 | €37,455 | €40,364 | €24,425 | €21,609 | €4,708 | €40,197 | €40,284 | €17,441 | ▼ 56.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,650 | €3,904 | €3,317 | €2,580 | €2,199 | ▼ 14.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €153,085 | €121,335 | €102,134 | €95,038 | €105,671 | €114,332 | €121,284 | €128,910 | ▲ 6.3% |
| Equity10/15 | €53,797 | €60,635 | €71,385 | €77,608 | €80,867 | €81,702 | €74,659 | €72,996 | ▼ 2.2% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €9,500 | €9,500 | €51,385 | €57,608 | €60,867 | €61,702 | €54,659 | €52,996 | ▼ 3.0% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €55,608 | €60,867 | €61,702 | €54,659 | €52,996 | ▼ 3.0% |
| Profit (loss) carried forward14 | €24,297 | €31,135 | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €99,287 | €60,699 | €30,750 | €17,430 | €24,804 | €32,630 | €46,625 | €55,914 | ▲ 19.9% |
| Amounts payable after more than one year17 | €32,514 | €12,334 | - | - | €5,978 | €5,599 | €1,304 | €29,661 | ▲ 23× |
| Financial debts170/4 | - | - | - | - | €5,978 | €5,599 | €1,304 | €29,661 | ▲ 23× |
| Amounts payable within one year42/48 | €66,773 | €48,366 | €30,750 | €17,430 | €18,826 | €27,031 | €45,321 | €26,253 | ▼ 42.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,233 | €4,984 | €4,295 | €10,870 | ▲ 153% |
| Trade debts44 | €787 | €5,129 | €1,594 | - | €1,317 | €1,312 | €25,352 | €2,149 | ▼ 91.5% |
| Suppliers440/4 | - | - | - | - | €1,317 | €1,312 | €25,352 | €2,149 | ▼ 91.5% |
| Taxes, remuneration and social security45 | - | - | - | €2,188 | €766 | €6,762 | €908 | €1,530 | ▲ 68.5% |
| Taxes450/3 | - | - | - | €2,188 | €766 | €6,762 | €908 | €1,530 | ▲ 68.5% |
| Other amounts payable47/48 | - | - | - | €15,242 | €13,509 | €13,974 | €14,766 | €11,704 | ▼ 20.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,967 | €6,838 | €10,749 | €6,223 | €3,260 | €835 | €2,123 | -€1,663 | - |
| + Depreciation and write-downs630 | €42,568 | €35,498 | €26,593 | €10,308 | €9,595 | €5,289 | €6,390 | €15,758 | ▲ 147% |
| Operating cash flow (approximation) | €75,535 | €42,336 | €37,342 | €16,531 | €12,855 | €6,124 | €8,513 | €14,096 | ▲ 65.6% |
| Investment in fixed assets (approximation) | - | -€1,612 | -€6,778 | -€1,536 | -€14,753 | -€8,596 | -€1,156 | -€58,968 | ▼ 5,000% |
| Change in cash | - | €2,909 | -€15,939 | -€2,816 | -€16,901 | €35,489 | €88 | -€22,843 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as DERÉ KRIS has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DERÉ KRIS itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,908 companies, not a prediction for DERÉ KRIS. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00595997 | |
| 31-03-2025 | micro format | 30-07-2025 | 2025-00328195 | |
| 31-03-2024 | micro format | 06-06-2024 | 2024-00116964 | |
| 31-03-2023 | micro format | 11-08-2023 | 2023-00324947 | |
| 31-03-2022 | micro format | 24-10-2022 | 2022-20470451 | |
| 31-03-2021 | micro format | 13-07-2021 | 2021-35100112 | |
| 31-03-2020 | micro format | 18-09-2020 | 2020-54800056 | |
| 31-03-2019 | micro format | 07-10-2019 | 2019-68800587 | |
| 31-03-2018 | micro format | 20-09-2018 | 2018-63800136 | |
| 31-03-2017 | micro format | 25-09-2017 | 2017-62900105 |