DERVARO
DERVARO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €127k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €1.39M |
| Net result | €127k |
| Better than sector | 41% |
| Active | 37 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.0% | 55.9% | |
| Net result | €127k | €27k | |
| Equity | €1.39M | €83k | |
| Gross operating margin | €252k | €54k | |
| Total assets | €3.10M | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €243k | €330k | €187k | €448k | €379k |
| Net profit | €127k | €220k | €175k | €219k | €65k |
| Cash flow | €283k | €378k | €307k | €351k | €309k |
| Staff costs | - | - | - | - | - |
| Income taxes | €18k | €31k | €18k | €93k | €30k |
| Dividends | €8k | €8k | €260k | €96k | €111k |
| Total assets | €3.10M | €3.00M | €2.97M | €2.77M | €2.89M |
| Equity | €1.39M | €1.27M | €1.06M | €1.15M | €1.03M |
| Debt | €1.12M | €1.14M | €1.32M | €1.04M | €1.28M |
| of which ≤ 1y | €579k | €505k | €683k | €356k | €377k |
| of which > 1y | €538k | €631k | €635k | €677k | €898k |
| Working capital | €-21k | €15k | €-327k | €-86k | €-119k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.96 | 1.03 | 0.52 | 0.76 | 0.69 |
| Quick ratio | 0.93 | 1.00 | 0.51 | 0.73 | 0.65 |
| Working capital ratio | -0.7% | 0.5% | -11.0% | -3.1% | -4.1% |
| Solvency | 45.0% | 42.5% | 35.7% | 41.4% | 35.4% |
| Debt / equity | 0.81 | 0.89 | 1.24 | 0.90 | 1.25 |
| Long-term debt ratio | 0.39 | 0.49 | 0.60 | 0.59 | 0.88 |
| Interest coverage | 1.63 | 2.74 | 1.65 | 4.58 | 9.33 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.1% | 7.3% | 5.9% | 7.9% | 2.2% |
| ROE | 9.1% | 17.2% | 16.4% | 19.1% | 6.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.10M | €3.00M | €2.97M | €2.77M | €2.89M |
| Fixed assets | 21/28 | €2.54M | €2.48M | €2.62M | €2.50M | €2.64M |
| Tangible fixed assets | 22/27 | €1.97M | €1.91M | €2.05M | €1.93M | €2.07M |
| Financial fixed assets | 28 | €570k | €570k | €570k | €570k | €570k |
| Current assets | 29/58 | €558k | €521k | €356k | €270k | €259k |
| Stocks & contracts in progress | 3 | €22k | €16k | €8k | €11k | €15k |
| Amounts receivable within one year | 40/41 | €150k | €179k | €238k | €114k | €127k |
| Investments | 50/53 | €268k | €254k | - | - | €7k |
| Cash & bank | 54/58 | €99k | €45k | €77k | €113k | €104k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.10M | €3.00M | €2.97M | €2.77M | €2.89M |
| Equity | 10/15 | €1.39M | €1.27M | €1.06M | €1.15M | €1.03M |
| Contributions / capital | 10/11 | €519k | €519k | €519k | €519k | €519k |
| Reserves | 13 | €875k | €756k | €544k | €629k | €506k |
| Provisions & deferred taxes | 16 | €585k | €587k | €588k | €590k | €591k |
| Amounts payable | 17/49 | €1.12M | €1.14M | €1.32M | €1.04M | €1.28M |
| Amounts payable after one year | 17 | €538k | €631k | €635k | €677k | €898k |
| Amounts payable within one year | 42/48 | €579k | €505k | €683k | €356k | €377k |
| Trade debts payable within one year | 44 | €9k | €7k | €32k | €9k | €10k |
| Income statement | ||||||
| Gross operating margin | 9900 | €252k | €335k | €260k | €465k | €384k |
| Operating result | 9901 | €86k | €171k | €55k | €316k | €136k |
| Financial income | 75 | €207k | €200k | €251k | €94k | - |
| Financial charges | 65 | €149k | €121k | €114k | €98k | €41k |
| Result before taxes | 9903 | €144k | €251k | €192k | €312k | €95k |
| Income taxes | 67/77 | €18k | €31k | €18k | €93k | €30k |
| Net result for the period | 9904 | €127k | €220k | €175k | €219k | €65k |
| Result to be appropriated | 9905 | €127k | €220k | €175k | €219k | €65k |
| NACE primary | Activities of head offices(70100) |
| Legal form | Private limited company(610) |
| Incorporation | 18-11-1988 |
| Status | Active |
| Postal code | 8793 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0242/00R003 | Flanders | 450 m² | 1 · 355 m² | 7.1 m · 2 fl. |
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.
05-09-2023 Registered office moved within Waregem
- 8790 Waregem, Koekoekstraat 59 → 8793 Waregem (Sint-Eloois-Vijve), Koekoekstraat 63 bus 1
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "combined",
"new_address": {
"raw": "8793 Waregem (Sint-Eloois-Vijve), Koekoekstraat 63 bus 1",
"city": "Waregem",
"region": "vlaams_gewest",
"street": "Koekoekstraat",
"country": "BE",
"postcode": "8793",
"box_number": "1",
"street_number": "63",
"locality_suffix": "(Sint-Eloois-Vijve)"
},
"old_address": {
"raw": "8790 Waregem, Koekoekstraat 59",
"city": "Waregem",
"region": "vlaams_gewest",
"street": "Koekoekstraat",
"country": "BE",
"postcode": "8790",
"box_number": null,
"street_number": "59",
"locality_suffix": null
},
"effective_date": "2023-09-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": null,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Nathalie Desimpel",
"firm_city": null,
"firm_name": "Nathalie Desimpel-Elisabeth Desimpel-Ronny Van Eeckhout, geassocieerde notarissen",
"office_city": "Waregem",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-09-05",
"filing_date": "2023-09-01",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-08-31",
"unanimous": true
},
"subject_company": {
"kbo": "0435.845.843",
"name_full": "DERVARO",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte akte buitengewone algemene vergadering d.d. 31/08/2023",
"verslag van de raad van bestuur d.d. 11/05/2023",
"geco\u00F6rdineerde statuten"
]
}| Legal nameNL | DERVARO |