DERECON
ActiveSummary
The computed 12-month bankruptcy probability of DERECON is 3.9% (moderate). The 2024 annual accounts show negative equity (-€7,411) and a net result of €11,957. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 57 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth58=
Track record92
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.44 in 2023; short-term debt: 128.9% and cash: 52.5% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-47.2%
Return on assets
76.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 39
Relative position
BE, all sectors
reference
Remediation activities and other waste management service activities (NACE 39)
about 46% 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 10% of 57 sector peers (2024).
NBB · sector comparisonPosition among 57 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
83 d late
2022
137 d late
2021
61 d late
2020
19 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 35% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
-€7,411▲ 61.7%
2023 · -€19,368
Total assets
€15,705▼ 40.5%
2023 · €26,415
Net result
€11,957▼ 32.4%
2023 · €17,699
Working capital
-€4,539▲ 81.0%
2023 · -€23,868
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 39, Remediation activities and other waste management service 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
Line20202021202220232024
Operating result-€47,771▼ 231%€31,425-€7,924€20,062€13,920▼ 30.6%
Net result-€49,477below the sector's middle half▼ 217%€29,112above the sector's middle half-€9,997below the sector's middle half€17,699within the sector's middle half€11,957within the sector's middle half▼ 32.4%
Equity-€56,183below the sector's middle half▼ 738%-€27,071below the sector's middle half▲ 51.8%-€37,068below the sector's middle half▼ 36.9%-€19,368below the sector's middle half▲ 47.7%-€7,411below the sector's middle half▲ 61.7%
Total assets€23,884below the sector's middle half▼ 47.1%€38,756below the sector's middle half▲ 62.3%€26,210below the sector's middle half▼ 32.4%€26,415below the sector's middle half▲ 0.8%€15,705below the sector's middle half▼ 40.5%
Debt€80,067▲ 54.4%€65,827▼ 17.8%€63,277▼ 3.9%€45,784▼ 27.6%€23,116▼ 49.5%
Working capital-€26,259-€11,920▲ 54.6%-€28,958▼ 143%-€23,868▲ 17.6%-€4,539▲ 81.0%
Solvency-235.2%below the sector's middle half▼ 220.4pp-69.8%below the sector's middle half▲ 165.4pp-141.4%below the sector's middle half▼ 71.6pp-73.3%below the sector's middle half▲ 68.1pp-47.2%below the sector's middle half▲ 26.1pp
above
within
below
the middle half (P25 to P75) of NACE 39, Remediation activities and other waste management service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Key figures and ratios
EBITDA
€14,050▼
2023 · €23,739
Cash flow
€12,087▼
2023 · €21,377
Current ratio
0.78▲
2023 · 0.44
Debt to equity
-3.12▼
2023 · -2.36
ROA
76.1%▲
2023 · 67.0%
Interest coverage
6.93▼
2023 · 9.44
Debt ≤ 1 year
€20,244▼
2023 · €42,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% 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 497,058 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% | 1.6% |
| 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 74% 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 2,176 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €672 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,040 | €3,186 | €3,315 | €3,678 | €130 | ▼ 96.5% |
| Other operating charges640/8 | - | €1,273 | €1,206 | €1,300 | €755 | ▼ 41.9% |
| Non-recurring operating charges66A | - | €127 | €2,118 | €2,420 | €3,785 | ▲ 56.4% |
| Gross operating margin9900 | -€43,474 | €36,011 | -€1,285 | €27,460 | €18,590 | ▼ 32.3% |
| Operating profit (loss)9901 | -€47,771 | €31,425 | -€7,924 | €20,062 | €13,920 | ▼ 30.6% |
| Financial income75/76B | - | €35 | €10 | €152 | €66 | ▼ 56.3% |
| Recurring financial income75 | €1,737 | €35 | €10 | €152 | €66 | ▼ 56.3% |
| Financial charges65/66B | - | €2,347 | €2,084 | €2,514 | €2,029 | ▼ 19.3% |
| Recurring financial charges65 | €3,443 | €2,347 | €2,084 | €2,514 | €2,029 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | -€49,477 | €29,112 | -€9,997 | €17,699 | €11,957 | ▼ 32.4% |
| Profit (loss) for the period9904 | -€49,477 | €29,112 | -€9,997 | €17,699 | €11,957 | ▼ 32.4% |
| Profit (loss) for the period to be appropriated9905 | -€49,477 | €29,112 | -€9,997 | €17,699 | €11,957 | ▼ 32.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,884 | €38,756 | €26,210 | €26,415 | €15,705 | ▼ 40.5% |
| Fixed assets21/28 | €10,543 | €8,183 | €4,868 | €7,563 | - | - |
| Tangible fixed assets22/27 | €10,543 | €8,183 | €4,868 | €7,563 | - | - |
| Plant, machinery and equipment23 | - | €2,036 | €1,018 | - | - | - |
| Furniture and vehicles24 | - | €6,147 | €3,850 | €7,563 | - | - |
| Current assets29/58 | €13,340 | €30,573 | €21,342 | €18,853 | €15,705 | ▼ 16.7% |
| Amounts receivable within one year40/41 | €9,558 | €20,370 | €16,186 | €13,028 | €7,466 | ▼ 42.7% |
| Trade receivables40 | - | €19,654 | €16,186 | €10,644 | €7,466 | ▼ 29.9% |
| Other amounts receivable41 | - | €716 | - | €2,384 | - | - |
| Cash at bank and in hand54/58 | €1,894 | €10,017 | €3,750 | €4,390 | €8,239 | ▲ 87.7% |
| Deferred charges and accrued income490/1 | - | €187 | €1,407 | €1,435 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,884 | €38,756 | €26,210 | €26,415 | €15,705 | ▼ 40.5% |
| Equity10/15 | -€56,183 | -€27,071 | -€37,068 | -€19,368 | -€7,411 | ▲ 61.7% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €180 | €180 | €180 | €180 | €180 | = |
| Distributable reserves133 | - | €180 | €180 | €180 | €180 | = |
| Profit (loss) carried forward14 | -€57,863 | -€28,751 | -€38,748 | -€21,048 | -€9,091 | ▲ 56.8% |
| Amounts payable17/49 | €80,067 | €65,827 | €63,277 | €45,784 | €23,116 | ▼ 49.5% |
| Amounts payable after more than one year17 | €32,974 | €22,607 | €11,929 | €932 | - | - |
| Financial debts170/4 | - | €22,607 | €11,929 | €932 | - | - |
| Amounts payable within one year42/48 | €39,599 | €42,493 | €50,300 | €42,720 | €20,244 | ▼ 52.6% |
| Current portion of amounts payable after more than one year42 | - | €10,367 | €11,553 | €10,998 | €932 | ▼ 91.5% |
| Financial debts43 | - | - | €4,677 | - | - | - |
| Credit institutions430/8 | - | - | €4,677 | - | - | - |
| Trade debts44 | €17,098 | €13,254 | €14,674 | €10,186 | €3,090 | ▼ 69.7% |
| Suppliers440/4 | - | €13,254 | €14,674 | €10,186 | €3,090 | ▼ 69.7% |
| Taxes, remuneration and social security45 | - | €5,175 | €5,196 | €5,223 | €7,283 | ▲ 39.4% |
| Taxes450/3 | - | €5,175 | €5,196 | €5,223 | €7,283 | ▲ 39.4% |
| Other amounts payable47/48 | - | €13,698 | €14,200 | €16,313 | €8,939 | ▼ 45.2% |
| Accrued charges and deferred income492/3 | - | €727 | €1,048 | €2,132 | €2,872 | ▲ 34.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,477 | €29,112 | -€9,997 | €17,699 | €11,957 | ▼ 32.4% |
| + Depreciation and write-downs630 | €3,040 | €3,186 | €3,315 | €3,678 | €130 | ▼ 96.5% |
| Operating cash flow (approximation) | -€46,437 | €32,298 | -€6,682 | €21,377 | €12,087 | ▼ 43.5% |
| Investment in fixed assets (approximation) | - | -€826 | €0 | -€6,373 | - | - |
| Change in cash | - | €8,122 | -€6,267 | €640 | €3,848 | ▲ 501% |
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
2026
07-09
KBO administration
Address struck
Loze Bareel 34 2560 L’adresse du siège Loze Bareel 34 2560 Die Sitzadresse Loze Bareel 34 2560 Nijlen
Nijlen werd doorgehaald met ingang van Nijlen · event 09-07-2026
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Back to profitnet €17,699
Net result €17,699 after one loss-making year.
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 137 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €29,112
Net result €29,112 after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet -€49,477
Net result drops to -€49,477, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Nijlen · 1 establishment unit since 2017
Ground area
3,987 m²
Building footprint
345 m²
Volume, LiDAR
465 m³
2 parcels, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DERECON
since 20172.269.184.544
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393E0589/00B002 | Flanders | 3,641 m² | 1 · 201 m² | - |
| 12026D0768/00K002 | Flanders | 346 m² | 1 · 144 m² | 3.6 m · 1 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
2025 · 1 entry · 65 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 65 EUR | 0 EUR |
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Of 253 companies in sector 39000 we hold annual accounts for 133. 50 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
Founded28-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
39000Remediation activities and other waste management service activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674929364
Also
9925:BE0674929364
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.