DERVU
ActiveSummary
DERVU has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317,108 and a net result of €55,928. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-11
Solvency60▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.62 in 2024; short-term debt: 61.8% and cash: 26.3% of total assets), but 64.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
35.1%
Return on assets
6.2%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
36 d early
2022
56 d early
2021
38 d early
2020
11 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€317,108▲ 21.4%
2024 · €261,179
Total assets
€903,530▲ 40.0%
2024 · €645,435
Net result
€55,928▲ 145%
2024 · €22,852
Working capital
€328,763▲ 38.1%
2024 · €238,082
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related 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
Line20212022202320242025
Operating result-€28,673€44,429€13,825▼ 68.9%€33,305▲ 141%€114,234▲ 243%
Net result-€28,681below the sector's middle half€41,920above the sector's middle half€10,711within the sector's middle half▼ 74.4%€22,852within the sector's middle half▲ 113%€55,928above the sector's middle half▲ 145%
Equity€185,696within the sector's middle half▼ 13.4%€227,616within the sector's middle half▲ 22.6%€238,327above the sector's middle half▲ 4.7%€261,179above the sector's middle half▲ 9.6%€317,108above the sector's middle half▲ 21.4%
Total assets€535,744within the sector's middle half▼ 0.5%€616,758within the sector's middle half▲ 15.1%€615,938within the sector's middle half▼ 0.1%€645,435within the sector's middle half▲ 4.8%€903,530above the sector's middle half▲ 40.0%
Debt€350,048▲ 8.0%€389,142▲ 11.2%€377,611▼ 3.0%€384,256▲ 1.8%€586,422▲ 52.6%
Working capital€130,506above the sector's middle half▼ 24.3%€183,237above the sector's middle half▲ 40.4%€204,760above the sector's middle half▲ 11.7%€238,082above the sector's middle half▲ 16.3%€328,763above the sector's middle half▲ 38.1%
Solvency34.7%within the sector's middle half▼ 5.2pp36.9%within the sector's middle half▲ 2.2pp38.7%within the sector's middle half▲ 1.8pp40.5%within the sector's middle half▲ 1.8pp35.1%within the sector's middle half▼ 5.4pp
Current ratio1.37within the sector's middle half▼ 0.161.47within the sector's middle half▲ 0.101.54within the sector's middle half▲ 0.071.62within the sector's middle half▲ 0.081.59within the sector's middle half▼ 0.03
Return on assets (ROA)-5.4%below the sector's middle half▼ 8.0pp6.8%within the sector's middle half▲ 12.2pp1.7%within the sector's middle half▼ 5.1pp3.5%within the sector's middle half▲ 1.8pp6.2%within the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 243% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903,530
Fixed assets
€16,602 ▼ 28.1%
Current assets
€886,928 ▲ 42.5%
Equity and liabilities €903,530
Equity
€317,108 ▲ 21.4%
Debt
€586,422 ▲ 52.6%
Debt's share of the balance-sheet total rises from 59.5% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120,730▲
2024 · €43,775
Cash flow
€62,424▲
2024 · €33,322
Quick ratio
0.46▼
2024 · 0.60
Debt to equity
1.85▲
2024 · 1.47
ROE
17.6%▲
2024 · 8.7%
Interest coverage
4.21▼
2024 · 93.38
Debt ≤ 1 year
€558,165▲
2024 · €384,256
Income taxes
€29,701▲
2024 · €10,903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,097 | €10,811 | €10,811 | €10,470 | €6,495 | ▼ 38.0% |
| Other operating charges640/8 | €657 | €903 | €866 | €891 | €812 | ▼ 8.8% |
| Gross operating margin9900 | -€16,919 | €56,143 | €25,503 | €44,666 | €121,542 | ▲ 172% |
| Operating profit (loss)9901 | -€28,673 | €44,429 | €13,825 | €33,305 | €114,234 | ▲ 243% |
| Financial income75/76B | €388 | €346 | €216 | €918 | €54 | ▼ 94.1% |
| Recurring financial income75 | €388 | €346 | €216 | €918 | €54 | ▼ 94.1% |
| Financial charges65/66B | €395 | €319 | €653 | €469 | €28,659 | ▲ 6,013% |
| Recurring financial charges65 | €395 | €319 | €653 | €469 | €28,659 | ▲ 6,013% |
| Profit (loss) for the period before taxes9903 | -€28,681 | €44,456 | €13,389 | €33,755 | €85,630 | ▲ 154% |
| Income taxes67/77 | €0 | €2,537 | €2,678 | €10,903 | €29,701 | ▲ 172% |
| Profit (loss) for the period9904 | -€28,681 | €41,920 | €10,711 | €22,852 | €55,928 | ▲ 145% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€28,681 | €41,920 | €10,711 | €22,852 | €55,928 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535,744 | €616,758 | €615,938 | €645,435 | €903,530 | ▲ 40.0% |
| Fixed assets21/28 | €55,190 | €44,379 | €33,567 | €23,097 | €16,602 | ▼ 28.1% |
| Tangible fixed assets22/27 | €55,025 | €44,214 | €33,402 | €22,932 | €16,437 | ▼ 28.3% |
| Land and buildings22 | €22,681 | €20,921 | €19,162 | €17,402 | €15,900 | ▼ 8.6% |
| Plant, machinery and equipment23 | €29,911 | €21,551 | €13,191 | €4,831 | €186 | ▼ 96.1% |
| Other tangible fixed assets26 | €2,433 | €1,742 | €1,050 | €700 | €350 | ▼ 50.0% |
| Financial fixed assets28 | €165 | €165 | €165 | €165 | €165 | = |
| Current assets29/58 | €480,554 | €572,379 | €582,371 | €622,338 | €886,928 | ▲ 42.5% |
| Stocks and contracts in progress3 | €377,950 | €418,805 | €418,400 | €391,700 | €628,200 | ▲ 60.4% |
| Stocks30/36 | €377,950 | €418,805 | €418,400 | €391,700 | €628,200 | ▲ 60.4% |
| Amounts receivable within one year40/41 | €33,937 | €24,823 | €45,228 | €13,855 | €19,925 | ▲ 43.8% |
| Trade receivables40 | €28,348 | €4,000 | €26,465 | €13,111 | €19,580 | ▲ 49.3% |
| Other amounts receivable41 | €5,588 | €20,823 | €18,763 | €744 | €345 | ▼ 53.6% |
| Cash at bank and in hand54/58 | €66,578 | €128,350 | €118,340 | €216,379 | €237,453 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | €2,090 | €402 | €403 | €405 | €1,350 | ▲ 234% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535,744 | €616,758 | €615,938 | €645,435 | €903,530 | ▲ 40.0% |
| Equity10/15 | €185,696 | €227,616 | €238,327 | €261,179 | €317,108 | ▲ 21.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,034 | €11,034 | €11,034 | €33,886 | €89,814 | ▲ 165% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €9,174 | €9,174 | €9,174 | €32,026 | €87,954 | ▲ 175% |
| Profit (loss) carried forward14 | €156,062 | €197,982 | €208,693 | €208,693 | €208,693 | = |
| Amounts payable17/49 | €350,048 | €389,142 | €377,611 | €384,256 | €586,422 | ▲ 52.6% |
| Amounts payable within one year42/48 | €350,048 | €389,142 | €377,611 | €384,256 | €558,165 | ▲ 45.3% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | - | - | - | €0 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0 | €0 | ▼ 100% |
| Trade debts44 | €85,960 | €139,352 | €131,197 | €136,625 | €146,139 | ▲ 7.0% |
| Suppliers440/4 | €85,960 | €139,352 | €131,197 | €136,625 | €146,139 | ▲ 7.0% |
| Taxes, remuneration and social security45 | €0 | - | - | €5,903 | €0 | ▼ 100% |
| Taxes450/3 | €0 | - | - | €5,903 | €0 | ▼ 100% |
| Other amounts payable47/48 | €264,088 | €249,790 | €246,414 | €241,728 | €412,027 | ▲ 70.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €28,257 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,681 | €41,920 | €10,711 | €22,852 | €55,928 | ▲ 145% |
| + Depreciation and write-downs630 | €11,097 | €10,811 | €10,811 | €10,470 | €6,495 | ▼ 38.0% |
| Operating cash flow (approximation) | -€17,583 | €52,731 | €21,523 | €33,322 | €62,424 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €61,772 | -€10,010 | €98,039 | €21,074 | ▼ 78.5% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €55,928 ▲145%
Operating result €114,234, net result €55,928, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €41,920
Net result €41,920 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €227,616 ▲22.6%
Equity rises from €185,696 to €227,616.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€28,681
Net result drops to -€28,681, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €32,063
Net result €32,063 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200,000Eq €200,352 ▲19.1%
Equity rises from €168,289 to €200,352.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1998
Ground area
6,078 m²
Building footprint
720 m²
Volume, LiDAR
2,869 m³
Parcel 37322C1194/00C000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bonestraat 86, 8760 Tielt
since 19982.085.406.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1194/00C000 | Flanders | 6,078 m² | 1 · 720 m² | 8.1 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt2.085.406.364
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Of 7,635 companies in sector 01410 we hold annual accounts for 1,848. 1,560 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 (pre-2019)
Founded15-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
01410Raising of dairy cattle
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462337830
Also
9925:BE0462337830
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.