DEXO
ActiveSummary
The computed 12-month bankruptcy probability of DEXO is 2.0% (moderate). The 2025 annual accounts show equity of €28k and a net result of €7k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 28% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-9
Solvency52▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.02 in 2024; short-term debt: 48.8% and cash: 19.2% of total assets), and 73.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
26.8%
Return on assets
7.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €28k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
31 d early
2022
34 d early
2021
3 d early
2020
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▲ 30.8%
2024 · €21k
2020: €13k
2021: €36k▲ +182% vs 2020highest in 6 years
2022: €26k▼ -27.6% vs 2021
2023: €12k▼ -54.5% vs 2022lowest in 6 years
2024: €21k▲ +77.8% vs 2023
2025: €28k▲ +30.8% vs 2024
2020 → 2025
Total assets
€104k▲ 50.8%
2024 · €69k
2020: €50k
2021: €61k▲ +21.4% vs 2020
2022: €48k▼ -21.0% vs 2021lowest in 6 years
2023: €71k▲ +47.7% vs 2022
2024: €69k▼ -3.0% vs 2023
2025: €104k▲ +50.8% vs 2024highest in 6 years
2020 → 2025
Net result
€7k▼ 27.2%
2024 · €10k
2020: €11k
2021: €24k▲ +127% vs 2020highest in 6 years
2022: €20k▼ -18.6% vs 2021
2023: €-14k▼ -173% vs 2022lowest in 6 years
2024: €10k▲ +171% vs 2023
2025: €7k▼ -27.2% vs 2024
2020 → 2025
Working capital
€-10k
2024 · €782
2020: €-11k
2021: €14k▲ +228% vs 2020highest in 6 years
2022: €8k▼ -39.7% vs 2021
2023: €-14k▼ -268% vs 2022lowest in 6 years
2024: €782▲ +106% vs 2023
2025: €-10k▼ -1407% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€26k▼ 27.6%€12k▼ 54.5%€21k▲ 77.8%€28k▲ 30.8%
2021: €36khighest in 5 years
2022: €26k▼ -27.6% vs 2021
2023: €12k▼ -54.5% vs 2022lowest in 5 years
2024: €21k▲ +77.8% vs 2023
2025: €28k▲ +30.8% vs 2024
Operating result€33k-€25k▼ 22.2%€-13k€15k€12k▼ 19.6%
2021: €33khighest in 5 years
2022: €25k▼ -22.2% vs 2021
2023: €-13k▼ -150% vs 2022lowest in 5 years
2024: €15k▲ +218% vs 2023
2025: €12k▼ -19.6% vs 2024
Net result€24k-€20k▼ 18.6%€-14k€10k€7k▼ 27.2%
2021: €24khighest in 5 years
2022: €20k▼ -18.6% vs 2021
2023: €-14k▼ -173% vs 2022lowest in 5 years
2024: €10k▲ +171% vs 2023
2025: €7k▼ -27.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€63k ▲ 137%
Current assets
€41k ▼ 3.8%
Equity and liabilities €104k
Equity
€28k ▲ 30.8%
Debt
€76k ▲ 59.7%
Debt's share of the balance-sheet total rises from 69.2% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €23k
Cash flow
€26k▲
2024 · €19k
Current ratio
0.80▼
2024 · 1.02
Debt to equity
2.74▲
2024 · 2.24
ROE
26.5%▼
2024 · 47.7%
ROA
7.1%▼
2024 · 14.7%
Interest coverage
19.62▲
2024 · 7.71
Debt ≤ 1 year
€51k▲
2024 · €41k
Debt > 1 year
€25k▲
2024 · €3k
Income taxes
€3k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€69k€104k▲
Fixed assets21/28€27k€63k▲
Tangible fixed assets22/27€27k€63k▲
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€18k€56k▲
Current assets29/58€42k€41k▼
Amounts receivable within one year40/41€7k€18k▲
Trade receivables40€7k€17k▲
Other amounts receivable41€71€1k▲
Cash at bank and in hand54/58€33k€20k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€69k€104k▲
Equity10/15€21k€28k▲
Contributions10/11€3k€3k=
Reserves13€18k€25k▲
Distributable reserves133€18k€25k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€48k€76k▲
Amounts payable after more than one year17€3k€25k▲
Financial debts170/4€3k€25k▲
Amounts payable within one year42/48€41k€51k▲
Current portion of amounts payable after more than one year42€7k€11k▲
Trade debts44€381€960▲
Suppliers440/4€381€960▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€364€2k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€32k€35k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Non-recurring operating income76A€612€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€18k▲
Other operating charges640/8€793€469▼
Non-recurring operating charges66A€0-
Gross operating margin9900€24k€31k▲
Operating profit (loss)9901€15k€12k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€12k€10k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€7k▼
Transfer from equity791/2€0-
Transfer to equity691/2€9k€7k▼
To other reserves6921€9k€7k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €612 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €11k | €9k | €18k | ▲ 113% |
| Other operating charges640/8 | €548 | €806 | €870 | €793 | €469 | ▼ 40.8% |
| Non-recurring operating charges66A | - | - | €4k | €0 | - | - |
| Gross operating margin9900 | €40k | €34k | €3k | €24k | €31k | ▲ 26.5% |
| Operating profit (loss)9901 | €33k | €25k | €-13k | €15k | €12k | ▼ 19.6% |
| Financial income75/76B | €0 | - | €0 | €0 | €0 | = |
| Recurring financial income75 | €0 | - | €0 | €0 | €0 | = |
| Financial charges65/66B | €2k | €373 | €2k | €3k | €2k | ▼ 49.4% |
| Recurring financial charges65 | €2k | €373 | €2k | €3k | €2k | ▼ 49.4% |
| Profit (loss) for the period before taxes9903 | €31k | €25k | €-14k | €12k | €10k | ▼ 12.0% |
| Income taxes67/77 | €6k | €5k | €0 | €2k | €3k | ▲ 79.6% |
| Profit (loss) for the period9904 | €24k | €20k | €-14k | €10k | €7k | ▼ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €24k | €20k | €-14k | €10k | €7k | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61k | €48k | €71k | €69k | €104k | ▲ 50.8% |
| Fixed assets21/28 | €23k | €18k | €41k | €27k | €63k | ▲ 137% |
| Tangible fixed assets22/27 | €23k | €18k | €41k | €27k | €63k | ▲ 137% |
| Plant, machinery and equipment23 | - | €3k | €12k | €9k | €8k | ▼ 15.3% |
| Furniture and vehicles24 | €23k | €16k | €29k | €18k | €56k | ▲ 212% |
| Current assets29/58 | €38k | €30k | €30k | €42k | €41k | ▼ 3.8% |
| Stocks and contracts in progress3 | €4k | €0 | - | - | - | - |
| Stocks30/36 | €4k | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €24k | €10k | €24k | €7k | €18k | ▲ 166% |
| Trade receivables40 | €23k | €8k | €18k | €7k | €17k | ▲ 150% |
| Other amounts receivable41 | €1k | €2k | €5k | €71 | €1k | ▲ 1,709% |
| Cash at bank and in hand54/58 | €9k | €18k | €516 | €33k | €20k | ▼ 40.5% |
| Deferred charges and accrued income490/1 | €1k | €1k | €6k | €2k | €2k | ▲ 23.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61k | €48k | €71k | €69k | €104k | ▲ 50.8% |
| Equity10/15 | €36k | €26k | €12k | €21k | €28k | ▲ 30.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | €23k | €9k | €18k | €25k | ▲ 35.9% |
| Distributable reserves133 | - | €23k | €9k | €18k | €25k | ▲ 35.9% |
| Profit (loss) carried forward14 | €33k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €25k | €22k | €59k | €48k | €76k | ▲ 59.7% |
| Amounts payable after more than one year17 | €0 | - | €10k | €3k | €25k | ▲ 756% |
| Financial debts170/4 | €0 | - | €10k | €3k | €25k | ▲ 756% |
| Amounts payable within one year42/48 | €24k | €22k | €44k | €41k | €51k | ▲ 22.7% |
| Current portion of amounts payable after more than one year42 | €5k | €0 | €7k | €7k | €11k | ▲ 55.9% |
| Trade debts44 | €2k | €885 | €7k | €381 | €960 | ▲ 152% |
| Suppliers440/4 | €2k | €885 | €7k | €381 | €960 | ▲ 152% |
| Taxes, remuneration and social security45 | €11k | €13k | €2k | €2k | €4k | ▲ 66.3% |
| Taxes450/3 | €10k | €11k | €0 | €364 | €2k | ▲ 402% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €2k | ▲ 5.2% |
| Other amounts payable47/48 | €6k | €7k | €28k | €32k | €35k | ▲ 10.8% |
| Accrued charges and deferred income492/3 | €513 | €264 | €5k | €3k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €20k | €-14k | €10k | €7k | ▼ 27.2% |
| + Depreciation and write-downs630 | €7k | €7k | €11k | €9k | €18k | ▲ 113% |
| Operating cash flow (approximation) | €31k | €27k | €-3k | €19k | €26k | ▲ 36.9% |
| Investment in fixed assets (approximation) | - | €-3k | €-33k | €5k | €-55k | ▼ 1,118% |
| Change in cash | - | €10k | €-18k | €33k | €-14k | ▼ 141% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €24k ▲127%
Operating result €33k, net result €24k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.67 to 1.56; short-term debt falls from €33k to €24k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 2019
Ground area
1,617 m²
Building footprint
162 m²
Volume, LiDAR
823 m³
Parcel 34041C0752/00B004, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEXO
since 20192.290.801.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0752/00B004 | Flanders | 1,617 m² | 1 · 162 m² | 6.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,179 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
Founded13-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.