DETAELLENAERE-COPPENS

Active

Public limited companyfounded 199531 yrs activeRoterijstraat 201, 8793 Waregem, BelgiumKBO/BCE: BE 0454.822.013

DETAELLENAERE-COPPENS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28.28M and a net result of €-2.20M. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 1199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability74▲+72

Solvency100=

Growth64▲+1

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €320k at 30 days acceptable

Liquidity ample (current ratio 2.13 against 2.63 in 2023; short-term debt: 8% and cash: 0.2% of total assets), and 16.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

83.4%

Return on assets

-6.5%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-2.20M

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

41 d late

2023

35 d early

2022

20 d early

2021

24 d early

2020

29 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema, statutory

Turnover

€3.26M▲ 21.0%

2023 · €2.69M

2018: €1.32M 2019: €1.88M 2020: €2.16M 2021: €2.65M 2022: €3.00M 2023: €2.69M

2018 → 2024

EBIT margin

87.1%▲ 219.6pp

2023 · -132.4%

2018: 0.6% 2019: 1.0% 2020: 18.9% 2021: 25.9% 2022: 22.7% 2023: -132.4%

2018 → 2024

Net result

€-2.20M▲ 51.7%

2023 · €-4.56M

2018: €1.71M 2019: €6.07M 2020: €9.84M 2021: €8.19M 2022: €-3.80M 2023: €-4.56M

2018 → 2024

Working capital

€3.05M▼ 37.1%

2023 · €4.85M

2018: €3.22M 2019: €6.15M 2020: €2.90M 2021: €1.95M 2022: €3.84M 2023: €4.85M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€2.16M-€2.65M▲ 22.6%€3.00M▲ 13.1%€2.69M▼ 10.3%€3.26M▲ 21.0%

Equity€30.65M-€38.84M▲ 26.7%€35.04M▼ 9.8%€30.48M▼ 13.0%€28.28M▼ 7.2%

Operating result€409k-€689k▲ 68.4%€682k▼ 1.0%€-3.57M€2.84M

Net result€9.84M-€8.19M▼ 16.8%€-3.80M€-4.56M▼ 20.0%€-2.20M▲ 51.7%

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €2.84M after a loss of €3.57M in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €33.92M

83.0%

17.0%

Fixed assets €28.17M▼ 4.1%

Current assets €5.75M▼ 26.6%

Equity and liabilities €33.92M

83.4%

12.9%

Equity €28.28M▼ 7.2%

Provisions €1.27M▼ 66.0%

Debt €4.36M▲ 46.4%

The debt ratio rises from 8.0% to 12.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2.98M▲

2023 · €-3.46M

Cash flow

€-2.07M▲

2023 · €-4.45M

Solvency

83.4%▲

2023 · 81.9%

Current ratio

2.13▼

2023 · 2.63

Quick ratio

2.13▼

2023 · 2.63

Debt / equity

0.15▲

2023 · 0.10

ROE

-7.8%▲

2023 · -15.0%

ROA

-6.5%▲

2023 · -12.3%

Interest coverage

29.71▲

2023 · -50.13

Debt

€4.36M▲

2023 · €2.98M

Debt ≤ 1 year

€2.70M▼

2023 · €2.98M

Debt > 1 year

€1.67M

Income taxes

€8k▼

2023 · €8k

Staff costs

€2.58M▲

2023 · €2.32M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€37.21M€33.92M▼

Fixed assets21/28€29.39M€28.17M▼

Tangible fixed assets22/27€15.42M€16.31M▲

Land and buildings22€4.56M€4.46M▼

Other tangible fixed assets26€10.33M€10.33M=

Assets under construction and advance payments27€531k€1.52M▲

Financial fixed assets28€13.97M€11.86M▼

Affiliated companies280/1€8.20M€8.20M=

Participating interests280€8.20M€8.20M=

Companies linked by participating interests282/3€5.77M€3.66M▼

Amounts receivable283€5.77M€3.66M▼

Current assets29/58€7.83M€5.75M▼

Amounts receivable after more than one year29€2.43M€2.87M▲

Other amounts receivable291€2.43M€2.87M▲

Amounts receivable within one year40/41€4.90M€2.43M▼

Trade receivables40€395k€889k▲

Other amounts receivable41€4.51M€1.54M▼

Current investments50/53-€12k

Other investments51/53-€12k

Cash at bank and in hand54/58€171k€58k▼

Deferred charges and accrued income490/1€319k€388k▲

Equity and liabilities

Total equity and liabilities10/49€37.21M€33.92M▼

Equity10/15€30.48M€28.28M▼

Contributions10/11€2.79M€2.79M=

Capital10€2.79M€2.79M=

Issued capital100€2.79M€2.79M=

Reserves13€27.69M€25.49M▼

Non-distributable reserves130/1€279k€279k=

Legal reserve130€279k€279k=

Tax-exempt reserves132€2.55M€1.92M▼

Distributable reserves133€24.87M€23.30M▼

Provisions and deferred taxes16€3.75M€1.27M▼

Provisions for liabilities and charges160/5€3.75M€1.27M▼

Other liabilities and charges164/5€3.75M€1.27M▼

Amounts payable17/49€2.98M€4.36M▲

Amounts payable after more than one year17-€1.67M

Financial debts170/4-€1.67M

Credit institutions173-€1.67M

Amounts payable within one year42/48€2.98M€2.70M▼

Current portion of amounts payable after more than one year42€312k€1.17M▲

Financial debts43€1.75M-

Credit institutions430/8€1.75M-

Trade debts44€104k€173k▲

Suppliers440/4€104k€173k▲

Taxes, remuneration and social security45€816k€629k▼

Taxes450/3€439k€231k▼

Remuneration and social security454/9€378k€398k▲

Other amounts payable47/48-€728k

Income statement Code20232024

Operating income70/76A€2.90M€3.44M▲

Turnover70€2.69M€3.26M▲

Other operating income74€207k€176k▼

Operating charges60/66A€6.47M€595k▼

Services and other goods61€281k€254k▼

Remuneration, social security and pensions62€2.32M€2.58M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€137k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€90k

Provisions for liabilities and charges: additions (uses and reversals)635/8€3.75M€-2.48M▼

Other operating charges640/8€9k€11k▲

Operating profit (loss)9901€-3.57M€2.84M▲

Financial income75/76B€5.34M€633k▼

Recurring financial income75€5.34M€410k▼

Income from financial fixed assets750€4.81M-

Income from current assets751€532k€409k▼

Other financial income752/9€94€1k▲

Non-recurring financial income76B-€223k

Financial charges65/66B€6.33M€5.67M▼

Recurring financial charges65€69k€100k▲

Debt charges650€69k€100k▲

Non-recurring financial charges66B€6.26M€5.57M▼

Profit (loss) for the period before taxes9903€-4.55M€-2.20M▲

Income taxes67/77€8k€8k▼

Taxes670/3€8k€8k▼

Profit (loss) for the period9904€-4.56M€-2.20M▲

Transfer from tax-exempt reserves789€300k€632k▲

Profit (loss) for the period to be appropriated9905€-4.26M€-1.57M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-4.26M€-1.57M▲

Transfer from equity791/2€4.26M€1.57M▼

From reserves792€4.26M€1.57M▼

Social balance

Average headcount (FTE)908719.822.7▲

The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

2026

12-08

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative4 facts ▸

General meeting, 25/06/2026
Auditor appointment, VGD Bedrijfsrevisoren (commissaris)
Permanent representative, Jurgen Lelie
Mandate term, eindigt onmiddellijk na de gewone algemene vergadering te houden in 2029

2025

10-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 41 days late

10-09

NBB filing Annual accounts filed

fiscal year 2024 · consolidated · 41 days late

2024

12-07

NBB filing Annual accounts filed

fiscal year 2023 · consolidated

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-4.56M

Net result drops to €-4.56M, the lowest in the series; recovery starts the following year.

17-07

NBB filing Annual accounts filed

fiscal year 2022 · consolidated

11-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Liquidity doublescurrent ratio 3.67

Current ratio from 1.80 to 3.67; short-term debt falls from €2.45M to €1.44M.

15-07

NBB filing Annual accounts filed

fiscal year 2021 · consolidated

07-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

06-07

NBB filing Annual accounts filed

fiscal year 2020 · consolidated

02-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €9.84M ▲62%

Net result €9.84M, the highest in the series.

31-12

Financial Equity above €25MEq €30.65M ▲47.3%

3 profitable years in a row build equity to €30.65M.

Financial milestoneState Gazette actNBB 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, Waregem · 1 establishment unit since 1995

establishment approximate The establishment unit on the map

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.

Roterijstraat 2018793 Waregem

Ground area

1.4 ha

Building footprint

7,790 m²

Volume, LiDAR

1,058 m³