DEROGRO
ActiveSummary
DEROGRO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €28k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-11
Solvency65▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.17 in 2024; short-term debt: 31.1% and cash: 5% of total assets), and 60.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
39.6%
Return on assets
5.2%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
22 d late
2023
9 d early
2022
31 d early
2021
32 d early
2020
31 d early
2019
31 d early
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Financials · fiscal year 2025, abbreviated schema
Turnover
€713k
EBIT margin
8.1%
Net result
€28k▼ 28.4%
2024 · €39k
Working capital
€-28k
2024 · €17k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€713k
Operating result€17k▲ 114%€26k▲ 51.2%€92k▲ 250%€58k▼ 37.4%€39k▼ 32.0%
Net result€11k▲ 3,205%€19k▲ 75.5%€78k▲ 307%€39k▼ 49.8%€28k▼ 28.4%
EBIT margin8.1%
Equity€121k▲ 10.0%€140k▲ 16.0%€176k▲ 25.9%€197k▲ 12.1%€213k▲ 7.7%
Total assets€336k▲ 35.0%€298k▼ 11.2%€364k▲ 22.0%€453k▲ 24.6%€537k▲ 18.5%
Debt€215k▲ 54.6%€158k▼ 26.4%€187k▲ 18.5%€256k▲ 36.4%€324k▲ 26.8%
Working capital€-48k▼ 42.3%€-18k▲ 62.0%€13k€17k▲ 26.8%€-28k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €537k
Fixed assets
€398k ▲ 19.4%
Current assets
€139k ▲ 16.0%
Equity and liabilities €537k
Equity
€213k ▲ 7.7%
Debt
€324k ▲ 26.8%
Debt's share of the balance-sheet total rises from 56.4% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128k▼
2024 · €150k
Cash flow
€117k▼
2024 · €132k
Current ratio
0.83▼
2024 · 1.17
Quick ratio
0.54▼
2024 · 0.58
Debt to equity
1.53▲
2024 · 1.29
ROE
13.2%▼
2024 · 19.9%
ROA
5.2%▼
2024 · 8.7%
Interest coverage
16.27▼
2024 · 28.23
Debt ≤ 1 year
€167k▲
2024 · €103k
Debt > 1 year
€155k▲
2024 · €124k
Income taxes
€3k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €713k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €642k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €70k | €70k | €92k | €89k | ▼ 4.1% |
| Other operating charges640/8 | €568 | €671 | €2k | €1k | €295 | ▼ 72.5% |
| Gross operating margin9900 | €65k | €96k | €164k | €151k | €128k | ▼ 15.2% |
| Operating profit (loss)9901 | €17k | €26k | €92k | €58k | €39k | ▼ 32.0% |
| Financial income75/76B | €5 | €65 | €111 | €126 | €0 | ▼ 100.0% |
| Recurring financial income75 | €5 | €65 | €111 | €126 | €0 | ▼ 100.0% |
| Financial charges65/66B | €5k | €5k | €4k | €5k | €8k | ▲ 47.8% |
| Recurring financial charges65 | €5k | €5k | €4k | €5k | €8k | ▲ 47.8% |
| Profit (loss) for the period before taxes9903 | €12k | €21k | €88k | €52k | €31k | ▼ 40.3% |
| Income taxes67/77 | €1k | €2k | €10k | €13k | €3k | ▼ 76.3% |
| Profit (loss) for the period9904 | €11k | €19k | €78k | €39k | €28k | ▼ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €11k | €19k | €78k | €39k | €28k | ▼ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €336k | €298k | €364k | €453k | €537k | ▲ 18.5% |
| Fixed assets21/28 | €275k | €231k | €222k | €333k | €398k | ▲ 19.4% |
| Tangible fixed assets22/27 | €275k | €231k | €222k | €333k | €398k | ▲ 19.4% |
| Land and buildings22 | €7k | €6k | €3k | €9k | €8k | ▼ 13.4% |
| Plant, machinery and equipment23 | €213k | €189k | €198k | €253k | €339k | ▲ 34.0% |
| Furniture and vehicles24 | €55k | €36k | €22k | €71k | €51k | ▼ 28.3% |
| Current assets29/58 | €61k | €67k | €141k | €120k | €139k | ▲ 16.0% |
| Stocks and contracts in progress3 | €21k | €38k | €4k | €61k | €49k | ▼ 18.5% |
| Stocks30/36 | €21k | €18k | €4k | €4k | €14k | ▲ 252% |
| Contracts in progress37 | - | €21k | - | €56k | €35k | ▼ 38.0% |
| Amounts receivable within one year40/41 | €35k | €21k | €58k | €45k | €59k | ▲ 31.0% |
| Trade receivables40 | €25k | €9k | €45k | €18k | €35k | ▲ 95.6% |
| Other amounts receivable41 | €10k | €12k | €13k | €27k | €24k | ▼ 11.7% |
| Cash at bank and in hand54/58 | €1k | €1k | €74k | €9k | €27k | ▲ 212% |
| Deferred charges and accrued income490/1 | €3k | €6k | €5k | €6k | €4k | ▼ 33.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €336k | €298k | €364k | €453k | €537k | ▲ 18.5% |
| Equity10/15 | €121k | €140k | €176k | €197k | €213k | ▲ 7.7% |
| Contributions10/11 | €28k | €28k | €28k | €28k | €25k | ▼ 9.1% |
| Reserves13 | €93k | €112k | €149k | €170k | €188k | ▲ 10.4% |
| Distributable reserves133 | €93k | €112k | €149k | €170k | €188k | ▲ 10.4% |
| Amounts payable17/49 | €215k | €158k | €187k | €256k | €324k | ▲ 26.8% |
| Amounts payable after more than one year17 | €102k | €71k | €49k | €124k | €155k | ▲ 25.5% |
| Financial debts170/4 | €102k | €71k | €49k | €124k | €155k | ▲ 25.5% |
| Amounts payable within one year42/48 | €110k | €85k | €128k | €103k | €167k | ▲ 62.4% |
| Current portion of amounts payable after more than one year42 | €69k | €57k | €32k | €47k | €63k | ▲ 33.4% |
| Trade debts44 | €15k | €2k | €26k | €29k | €100k | ▲ 238% |
| Suppliers440/4 | €15k | €2k | €26k | €29k | €100k | ▲ 238% |
| Taxes, remuneration and social security45 | €4k | €5k | €13k | €11k | - | - |
| Taxes450/3 | €1k | €2k | €10k | €10k | - | - |
| Remuneration and social security454/9 | €3k | €3k | €3k | €2k | - | - |
| Other amounts payable47/48 | €22k | €22k | €57k | €15k | €4k | ▼ 70.9% |
| Accrued charges and deferred income492/3 | €4k | €2k | €11k | €29k | €2k | ▼ 93.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €19k | €78k | €39k | €28k | ▼ 28.4% |
| + Depreciation and write-downs630 | €47k | €70k | €70k | €92k | €89k | ▼ 4.1% |
| Operating cash flow (approximation) | €58k | €89k | €148k | €132k | €117k | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | €-26k | €-61k | €-203k | €-153k | ▲ 24.7% |
| Change in cash | - | €-234 | €73k | €-65k | €18k | ▲ 128% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €213k ▲7.7%
8 profitable years in a row build equity to €213k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €78k ▲307%
Operating result €92k, net result €78k, both a record.
31-12
Financial
Equity above €150kEq €176k ▲25.9%
6 profitable years in a row build equity to €176k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €332 ▼97.5%
Net result drops to €332, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €109k ▲14.1%
2 profitable years in a row build equity to €109k.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lievegem · 1 establishment unit since 2000
Ground area
550 m²
Building footprint
104 m²
Parcel 44080A0270/00L000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DEROGRO
since 20002.097.669.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080A0270/00L000 | Flanders | 550 m² | 1 · 104 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 263 EUR awarded · 263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 144 EUR | 144 EUR |
| 2022 | 1 | 119 EUR | 119 EUR |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,775 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
Founded07-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
46831Wholesale of construction materials, general range
Scores and ratios are computed by Checked and are not a credit decision.