DEREDE CHAUFFAGE
ActiveSummary
The computed 12-month bankruptcy probability of DEREDE CHAUFFAGE is 2.6% (moderate). The 2025 annual accounts show equity of €19k and a net result of €24k. Equity is growing by ~265.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+45
Solvency48▲+28
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.78 in 2024; short-term debt: 69.5% and cash: 11.1% of total assets), and 77.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
22.9%
Return on assets
27.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 24%
← 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 22-09-2026, 53 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
53 d late
2024
48 d late
2023
135 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
€19k
2024 · €-4k
2023: €-3k
2024: €-4k▼ -54.1% vs 2023lowest in 3 years
2025: €19k▲ +565% vs 2024highest in 3 years
2023 → 2025
Total assets
€85k▲ 10.6%
2024 · €77k
2023: €113khighest in 3 years
2024: €77k▼ -32.1% vs 2023lowest in 3 years
2025: €85k▲ +10.6% vs 2024
2023 → 2025
Net result
€24k
2024 · €-1k
2023: €-6klowest in 3 years
2024: €-1k▲ +74.3% vs 2023
2025: €24k▲ +1711% vs 2024highest in 3 years
2023 → 2025
Working capital
€7k
2024 · €-14k
2023: €-2k
2024: €-14k▼ -483% vs 2023lowest in 3 years
2025: €7k▲ +146% vs 2024highest 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€-3k-€-4k▼ 54.1%€19k
2023: €-3k
2024: €-4k▼ -54.1% vs 2023lowest in 3 years
2025: €19k▲ +565% vs 2024highest in 3 years
Operating result€-3k-€1k€34k▲ 2,246%
2023: €-3klowest in 3 years
2024: €1k▲ +149% vs 2023
2025: €34k▲ +2246% vs 2024highest in 3 years
Net result€-6k-€-1k▲ 74.3%€24k
2023: €-6klowest in 3 years
2024: €-1k▲ +74.3% vs 2023
2025: €24k▲ +1711% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 2,246% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€19k ▼ 22.9%
Current assets
€66k ▲ 26.8%
Equity and liabilities €85k
Equity
€19k
Debt
€65k
Debt finances 77.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€44k▲
2024 · €11k
Cash flow
€33k▲
2024 · €8k
Current ratio
1.11▲
2024 · 0.78
Debt to equity
3.37▲
2024 · -19.37
ROE
121.5%
ROA
27.8%▲
2024 · -1.9%
Interest coverage
19.53▲
2024 · 4.67
Debt ≤ 1 year
€59k▼
2024 · €66k
Debt > 1 year
€6k▼
2024 · €15k
Income taxes
€9k▲
2024 · €2k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€85k▲
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€19k▼
Plant, machinery and equipment23-€827
Furniture and vehicles24€25k€18k▼
Current assets29/58€52k€66k▲
Amounts receivable within one year40/41€52k€56k▲
Trade receivables40€50k€54k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58-€9k
Deferred charges and accrued income490/1-€137
Equity and liabilities
Total equity and liabilities10/49€77k€85k▲
Equity10/15€-4k€19k▲
Contributions10/11€3k€3k=
Reserves13-€16k
Distributable reserves133-€16k
Profit (loss) carried forward14€-7k-
Amounts payable17/49€81k€65k▼
Amounts payable after more than one year17€15k€6k▼
Financial debts170/4€15k€6k▼
Amounts payable within one year42/48€66k€59k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€11k-
Credit institutions430/8€11k-
Trade debts44€18k€20k▲
Suppliers440/4€18k€20k▲
Advances received on contracts in progress46€196-
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€3k€11k▲
Other amounts payable47/48€27k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€920€814▼
Gross operating margin9900€12k€45k▲
Operating profit (loss)9901€1k€34k▲
Financial income75/76B€1k€831▼
Recurring financial income75€1k€831▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€297€33k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€-1k€24k▲
Profit (loss) for the period to be appropriated9905€-1k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€16k▲
Profit (loss) brought forward from the previous period14P€-6k€-7k▼
Transfer to equity691/2-€16k
To other reserves6921-€16k
The notes to these accounts (6 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 | €30k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €9k | €10k | ▲ 3.1% |
| Other operating charges640/8 | €5k | €920 | €814 | ▼ 11.5% |
| Gross operating margin9900 | €43k | €12k | €45k | ▲ 276% |
| Operating profit (loss)9901 | €-3k | €1k | €34k | ▲ 2,246% |
| Financial income75/76B | €4 | €1k | €831 | ▼ 29.8% |
| Recurring financial income75 | €4 | €1k | €831 | ▼ 29.8% |
| Financial charges65/66B | €3k | €2k | €2k | ▼ 4.2% |
| Recurring financial charges65 | €3k | €2k | €2k | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €297 | €33k | ▲ 10,871% |
| Income taxes67/77 | - | €2k | €9k | ▲ 405% |
| Profit (loss) for the period9904 | €-6k | €-1k | €24k | ▲ 1,711% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-1k | €24k | ▲ 1,711% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €113k | €77k | €85k | ▲ 10.6% |
| Fixed assets21/28 | €34k | €25k | €19k | ▼ 22.9% |
| Tangible fixed assets22/27 | €34k | €25k | €19k | ▼ 22.9% |
| Plant, machinery and equipment23 | - | - | €827 | - |
| Furniture and vehicles24 | €34k | €25k | €18k | ▼ 26.2% |
| Current assets29/58 | €79k | €52k | €66k | ▲ 26.8% |
| Stocks and contracts in progress3 | €4k | - | - | - |
| Stocks30/36 | €4k | - | - | - |
| Amounts receivable within one year40/41 | €75k | €52k | €56k | ▲ 8.3% |
| Trade receivables40 | €52k | €50k | €54k | ▲ 8.6% |
| Other amounts receivable41 | €24k | €2k | €2k | ▲ 1.8% |
| Cash at bank and in hand54/58 | - | - | €9k | - |
| Deferred charges and accrued income490/1 | - | - | €137 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €113k | €77k | €85k | ▲ 10.6% |
| Equity10/15 | €-3k | €-4k | €19k | ▲ 565% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | - | €16k | - |
| Distributable reserves133 | - | - | €16k | - |
| Profit (loss) carried forward14 | €-6k | €-7k | - | - |
| Amounts payable17/49 | €116k | €81k | €65k | ▼ 19.1% |
| Amounts payable after more than one year17 | €30k | €15k | €6k | ▼ 56.3% |
| Financial debts170/4 | €30k | €15k | €6k | ▼ 56.3% |
| Amounts payable within one year42/48 | €81k | €66k | €59k | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | ▲ 4.0% |
| Financial debts43 | €5k | €11k | - | - |
| Credit institutions430/8 | €5k | €11k | - | - |
| Trade debts44 | €76k | €18k | €20k | ▲ 10.9% |
| Suppliers440/4 | €76k | €18k | €20k | ▲ 10.9% |
| Advances received on contracts in progress46 | - | €196 | - | - |
| Taxes, remuneration and social security45 | €432 | €3k | €11k | ▲ 301% |
| Taxes450/3 | - | €3k | €11k | ▲ 301% |
| Remuneration and social security454/9 | €432 | - | - | - |
| Other amounts payable47/48 | - | €27k | €20k | ▼ 25.3% |
| Accrued charges and deferred income492/3 | €4k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-1k | €24k | ▲ 1,711% |
| + Depreciation and write-downs630 | €12k | €9k | €10k | ▲ 3.1% |
| Operating cash flow (approximation) | €6k | €8k | €33k | ▲ 318% |
| Investment in fixed assets (approximation) | - | €-370 | €-4k | ▼ 993% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Saint-Ghislain · 1 establishment unit since 2022
Ground area
664 m²
Building footprint
44 m²
Parcel 53009C0258/00V002, Wallonia. Linked by address, not a title deed.
1 establishment unit
DEREDE CHAUFFAGE
since 20222.335.682.103
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009C0258/00V002 | Wallonia | 664 m² | 1 · 44 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 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,489 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
Founded07-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
derede.morgan@gmail.com
Phone
+32474176045
Scores and ratios are computed by Checked and are not a credit decision.