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DETAFORM

Active
Public limited companyfounded 198243 years activeVeldstraat 7, 8930 Menen, BelgiumKBO/BCE: BE 0423.328.190
Summary

The computed 12-month bankruptcy probability of DETAFORM is 1.5% (moderate). The 2024 annual accounts show equity of €5.6m and a net result of -€315,714. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 49% of 168 sector peers (NACE 16, fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16210
#8 oldest company in Menen, Manufacturing sector1 site
Size
€5,550turnover 2024
Staff
2.2 FTE
Equity
€5.6m
Loss
-€315,714
Financial health
62 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Holdings
3
Accounts 68 days overdue0 of 5 deeds read
Why 62- Figures for FY 2024 (filed 11-10-2025)- Liquidity: current ratio 0.64, cash €194,984+ Founded in 1982+ Size: turnover €5,550, 2.2 FTE, total assets €12.5mShow the evidence

Checked score

Score 2024
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 27% of its sector peers (NACE 16, micro)
Financial strength · tick = 2023
Weak
Solvency 69-3
equity 44.5% of total assets
Liquidity 38-2
short-term debt 32.5% · cash 1.6%
Profitability 10-88
return on assets -2.5%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,028 companies)
Last 24 months 11-2024: 1.4% 12-2024: 1.4%● unchanged vs 11-2024 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.6%▲ +0.1 percentage points vs 04-2025 06-2025: 1.7%▲ +0.1 percentage points vs 05-2025 07-2025: 1.7%● unchanged vs 06-2025 08-2025: 2.2%▲ +0.5 percentage points vs 07-2025 09-2025: 2.8%▲ +0.6 percentage points vs 08-2025 10-2025: 4.3%▲ +1.5 percentage points vs 09-2025highest value 11-2025: 1.3%▼ -3.0 percentage points vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 0.7%▼ -0.6 percentage points vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026lowest value 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 1.5%▲ +0.4 percentage points vs 09-2026
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.64 against 1.23 in 2023; short-term debt: 32.5% and cash: 1.6% of total assets), and 55.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro): better than 52% on solvency, 27% on liquidity, 12% on profitability and 15% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 11-10-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.64, cash €194,984
NBB · annual accounts
lowers risk · Founded in 1982
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €5,550, 2.2 FTE, total assets €12.5m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
71 days late
2023
70 days late
2022
31 days late
2021
4 days early
2020
20 days late
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 36 days after 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 (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. General meeting · Permanent representativeBoard meeting · Director appointment
  2. Annual accounts filedfiscal year 2024 · full…
  3. Weakest financial yearnet -€315,714

Key points

  • Caution: Turnover fell in 2024from €403,002 to €5,550 ▼ 98.6% View
  • Caution: Among the weakest 10% on net resultsector median €28,806 · 169 companies -€315,714 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Fiscal year
2024
Turnover
€5,550
Loss
-€315,714
Solvency
44.5%
Turnover▼ 98.6%
Net result
20182024
Go to Financials

Timeline

Events
16
Since
2016
  1. 09-10-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 31-12-2023Liquidity times 11
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of wood and of products of wood…NACE 16210
Founded
14-12-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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