DERO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DERO is 2.3% (moderate). The 2025 annual accounts show equity of €201k and a net result of €48k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 637 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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.

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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	28-08-2026	28 d late	2026-00480396
31-12-2024	31-07-2025	25-08-2025	25 d late	2025-00398458
31-12-2023	31-07-2024	26-08-2024	26 d late	2024-00367250

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (micro schema)

EBIT marginNot published (micro schema)

Net result€48k-27.5%

Working capital€-48k-116.5%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~23.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.8%	21.2%	better than 50% of 637 sector peers
Net result	€66k	€7k	better than 91% of 636 sector peers
Equity	€154k	€26k	better than 89% of 637 sector peers
Gross operating margin	€252k	€59k	better than 87% of 635 sector peers
Staff costs	€140k	€61k	higher than 79% of 428 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€168k

+53.2% 23-25

Net profit

€48k

-27.5% 23-25

Cash flow

€138k

+37.0% 23-25

Total assets

€741k

+0.4% 23-25

Equity

€201k

+30.9% 23-25

Working capital

€-48k

-116.5% 23-25

Employees (FTE)

7

-5.7% 23-25

Staff costs

€138k

-1.2% 23-25

Show 11 other metrics

Income taxes

€11k

+1472.2% 23-25

Debt

€540k

-7.7% 23-25

Debt ≤ 1y

€121k

-2.6% 23-25

Debt > 1y

€419k

-9.1% 23-25

Current ratio

0.60

-26.8% 23-25

Quick ratio

0.47

-33.9% 23-25

Solvency

27.2%

+30.5% 23-25

Debt / equity

2.68

-29.5% 23-25

ROE

23.6%

-44.6% 23-25

ROA

6.4%

-27.8% 23-25

Interest coverage

8.53

-25.4% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro schema
Revenue	-
EBITDA	€168k
Net profit	€48k
Cash flow	€138k
Staff costs	€138k
Income taxes	€11k
Dividends	-
Total assets	€741k
Equity	€201k
Debt	€540k
of which ≤ 1y	€121k
of which > 1y	€419k
Working capital	€-48k
Employees (FTE)	6.6

Ratios (computed)

	2025
Current ratio	0.60
Quick ratio	0.47
Working capital ratio	-6.5%
Solvency	27.2%
Debt / equity	2.68
Long-term debt ratio	2.08
Interest coverage	8.53
Gross margin	-
Net margin	-
ROA	6.4%
ROE	23.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €668k · 90.2% Current assets €73k · 9.8%

Equity & liabilities

Equity €201k · 27.2% Debt €540k · 72.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€741k
Fixed assets	21/28	€668k
Tangible fixed assets	22/27	€668k
Current assets	29/58	€73k
Stocks & contracts in progress	3	€16k
Amounts receivable within one year	40/41	€190
Cash & bank	54/58	€57k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€741k
Equity	10/15	€201k
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€191k
Amounts payable	17/49	€540k
Amounts payable after one year	17	€419k
Amounts payable within one year	42/48	€121k
Trade debts payable within one year	44	€26k
Income statement
Gross operating margin	9900	€307k
Operating result	9901	€78k
Financial income	75	€6
Financial charges	65	€20k
Result before taxes	9903	€58k
Income taxes	67/77	€11k
Net result for the period	9904	€48k
Result to be appropriated	9905	€48k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Robbie Dello
Director
State Gazette act 25094392 (24-07-2025)

Current
24-07-2025 → present
Debby Geurts
Director
State Gazette act 25094392 (24-07-2025)

Current
01-07-2025 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk(10712)
Legal form	Private limited company(610)
Incorporation	02-09-2022
Status	Active
Postal code	3740

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterstraat 503740 Bilzen-Hoeselt

Establishment units

1 location

Bakkerij Dello

Waterstraat 50, 3740 Bilzen-HoeseltAmbachtelijke vervaardiging van brood en van vers banketbakkerswerk

since 20222.335.294.695

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,659 m²

Buildings1

Building footprint407 m²

Volume (LiDAR)2,272 m³

Tallest building10.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)