Checked.be
Active
BE 0698.586.476Private limited company
DESHAYES FER
Rue Arthur Dubois(VIE) 33 ·6230 Pont-à-Celles, Belgium· 8 yrs active
Sector: Materials recovery from waste
(38210)
Conclusion
DESHAYES FER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €776k and a net result of €2k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 48% of 274 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €776k |
| Net result | €2k |
| Staff (FTE) | 2.8 |
| Better than sector | 48% |
Financial profile
67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
79
Profitability
1
Solvency
77
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, 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.
Checked score
79
/ 100
Excellent
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.
Indicative credit limit
€60k
estimate, not credit advice
Score history
48
2021
91
2022
78
2023
79
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.76 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.52 (≥ 1.0)
+5
Leverage
Debt/equity 1.59 (< 2.0)
+3
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 4.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-10-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~20%/year over 4 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 38, Waste collection, recovery and disposal activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.6% | 40.1% | |
| Net result | €2k | €112k | |
| Equity | €776k | €2.12M | |
| Gross operating margin | €381k | €606k | |
| Staff costs | €126k | €1.04M |
€252k
-37.3%
21-24
€2k
-98.2%
21-24
€198k
-35.9%
21-24
€2.01M
-24.2%
21-24
€776k
+0.3%
21-24
€340k
+0.9%
21-24
3
0.0%
21-24
€126k
-11.2%
21-24
€428
-99.2%
21-24
€1.24M
-34.2%
21-24
€450k
-53.6%
21-24
€782k
-14.1%
21-24
1.76
+30.3%
21-24
1.52
+16.9%
21-24
38.6%
+32.2%
21-24
1.59
-34.4%
21-24
0.3%
-98.2%
21-24
0.1%
-97.7%
21-24
4.61
-55.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €252k | €401k | €652k | €180k |
| Net profit | €2k | €125k | €354k | €-31k |
| Cash flow | €198k | €310k | €574k | €97k |
| Staff costs | €126k | €141k | €80k | €62k |
| Income taxes | €428 | €53k | €24k | €61k |
| Dividends | - | - | - | - |
| Total assets | €2.01M | €2.65M | €2.41M | €2.23M |
| Equity | €776k | €774k | €650k | €296k |
| Debt | €1.24M | €1.88M | €1.76M | €1.94M |
| of which ≤ 1y | €450k | €968k | €421k | €624k |
| of which > 1y | €782k | €910k | €1.34M | €1.31M |
| Working capital | €340k | €338k | €329k | €181k |
| Employees (FTE) | 2.8 | 2.8 | 2.0 | 1.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.76 | 1.35 | 1.78 | 1.29 |
| Quick ratio | 1.52 | 1.30 | 1.67 | 1.23 |
| Working capital ratio | 16.9% | 12.7% | 13.6% | 8.1% |
| Solvency | 38.6% | 29.2% | 26.9% | 13.2% |
| Debt / equity | 1.59 | 2.43 | 2.71 | 6.55 |
| Long-term debt ratio | 1.01 | 1.18 | 2.06 | 4.44 |
| Interest coverage | 4.61 | 10.31 | 11.40 | 7.74 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.1% | 4.7% | 14.7% | -1.4% |
| ROE | 0.3% | 16.1% | 54.5% | -10.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.01M | €2.65M | €2.41M | €2.23M |
| Fixed assets | 21/28 | €1.22M | €1.35M | €1.66M | €1.43M |
| Formation expenses | 20 | - | €0 | €137 | €412 |
| Intangible fixed assets | 21 | €35k | €45k | €55k | €65k |
| Tangible fixed assets | 22/27 | €1.19M | €1.30M | €1.61M | €1.36M |
| Financial fixed assets | 28 | €430 | €430 | €295 | €160 |
| Current assets | 29/58 | €790k | €1.31M | €749k | €806k |
| Stocks & contracts in progress | 3 | €107k | €48k | €48k | €35k |
| Amounts receivable within one year | 40/41 | €281k | €908k | €264k | €88k |
| Cash & bank | 54/58 | €381k | €335k | €427k | €656k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.01M | €2.65M | €2.41M | €2.23M |
| Equity | 10/15 | €776k | €774k | €650k | €296k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €132k | €132k | €7k | €7k |
| Accumulated profits (losses) | 14 | €639k | €636k | €636k | €282k |
| Amounts payable | 17/49 | €1.24M | €1.88M | €1.76M | €1.94M |
| Amounts payable after one year | 17 | €782k | €910k | €1.34M | €1.31M |
| Amounts payable within one year | 42/48 | €450k | €968k | €421k | €624k |
| Trade debts payable within one year | 44 | €201k | €575k | €280k | €302k |
| Income statement | |||||
| Gross operating margin | 9900 | €381k | €548k | €785k | €257k |
| Operating result | 9901 | €55k | €216k | €432k | €53k |
| Financial income | 75 | €2k | €543 | €3k | €0 |
| Financial charges | 65 | €55k | €39k | €57k | €23k |
| Result before taxes | 9903 | €3k | €177k | €378k | €29k |
| Income taxes | 67/77 | €428 | €53k | €24k | €61k |
| Net result for the period | 9904 | €2k | €125k | €354k | €-31k |
| Result to be appropriated | 9905 | €2k | €125k | €354k | €-31k |
Legal Structure
| NACE primary | Materials recovery from waste(38210) |
| Legal form | Private limited company(610) |
| Incorporation | 19-06-2018 |
| Status | Active |
| Postal code | 6230 |
Establishment units
DESHAYES FER
since 20182.277.676.497
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52067B0492/00V005indicative | Wallonia | 387 m² | 1 · 48 m² | 10.9 m · 3 fl. |
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 69 days late
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 131 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
31-12
Financial
Back to profitnet €354k
Net result €354k after one loss-making year.
31-12
Financial
Equity above €500kEq €650k ▲120%
Equity rises from €296k to €650k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 97 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Materials recovery from waste38210Waste collection, recovery and disposal activities38322
Names & trade names
| Legal nameFR | DESHAYES FER |
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