Equity
€480,037 from €1.6m in 2022
Equity fell by 70% in 3 years.
DHK GENK
Lifetime
15 annual accounts with figures on one time axis, 16 filings since 2010peak €1.9m (2021)
€478,087▼ 51.9%
lowest -€683,292 (2025)
-€683,292▼ €505,148
peak €1.6m (2022)
€480,037▼ 58.7%
€4.6m▲ 59.6%
peak 24 FTE (2011)
18.6 FTE▼ 6.5%
Board4 names since 2020
1 directorGautier Rouyer
Owners2 names in the annual accounts
100%OBUDIS
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Gross margin from €993,358 to €478,087Loss of €683,292Equity from €1.2m to €480,037Debts from €2.9m to €4.6mCash from €13,317 to €104,113
Key points
from the 2025 annual accountsLosses
-€1.1m in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€4.6m 90% of the balance sheet
Financial debts 23%Suppliers 61%Taxes and wages 3%Other 13%
Of this, €4.4m falls due within a year.
Staff
19 employees on 31-12-2025
In 2025, 13 people joined and 14 left.
Filings
16 annual accounts since 2010
Two of the last ten came late. The 2025 accounts came latest: 28 days after the end of the period.
Position in the sector
-€683,292
Lower net result than 95% of companies in wholesale trade. Sector median €110,270 · 6,125 companies.
Net result -284%: other schema
Checked score
51
Fair
Financially stronger than 6% of small companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.5 percentage points vs 07-2025
09-2025: 0.6%▼ -0.8 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.7 percentage points vs 07-2026
09-2026: 2.1%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 2.1%● unchanged vs 09-2026highest value
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €683,292, the second in a row (financial year 2025)
Liquidity: current ratio 1.09, cash €104,113
Equity €480,037 (9.5% of total assets)
Size: 18.6 FTE, total assets €5.1m
Calculation
The band follows from the bankruptcy probability. 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 46, small). It does better than 12% of them on solvency, 5% on liquidity, 3% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 112 companies had the same profile as DHK GENK has now. Each dot is one company, two years later.
91.1%
were still trading
4.5%
stopped another way
3.6%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DHK GENK itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 112 companies, not a prediction for DHK GENK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €24,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.09 (1.3 in 2024), below the usual 1.5. Short-term debt is 86.7% and cash 2.1% of total assets. 90.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€683,292
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
4 days late
2023
40 days early
2022
40 days early
2021
75 days early
2020
44 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0818301304
1 director appointed, 2 resignations
Resignations: Thierry Dubois and OBUDIS NV · Permanent representative: Philippe Dubois · Appointment: Gautier Rouyer · General meeting of 09-06-2022 · Gazette deed
OBUDIS holds all the shares
Board meeting of 29-10-2021 · Gazette deed
2 directors reappointed
Thierry DUBOIS and OBUDIS (managing director) · Permanent representative: Philippe DUBOIS · General meeting of 01-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DHK GENK Genk | €5.1m | €0.5m | 9.5% | 18.6 |
| MJ PACK Sainte-Ode | €3.8m | €1.4m | 78.9% | 13.2 |
| Perquy Bruges | €1.9m | €0.8m | 64.2% | 12.2 |
| CGH Belgium Bornem | €3.9m | €1.3m | 77.8% | 8.8 |
| Kras Belgium Rijkevorsel | €4.6m | €1.0m | 86.3% | 7.8 |
| TIP TOP BELTING Genk | €2.0m | €1.5m | 24.0% | 10.6 |
| CLIMAPAC Nazareth-De Pinte | €2.6m | €1.2m | 43.2% | 7.8 |
These companies have the same main activity as DHK GENK: wholesale trade (NACE 46869). They are comparable in size and age: total assets between €1.9m and €4.6m, founded between 1999 and 2014.
Official details
Source: KBO- Status
- Active since 04-09-2009Normal situation
- Activity
- Wholesale tradeNACE 46869and 4 others
- Joint committees
- 207White-collar workers in the chemical industry
- 116Chemical industry · annual accounts 2025
- Establishment unit
- 2.180.696.6893600 Genk, since 16-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- ≈ €2.4mestimated
- €5.1m▲ 25.4%
- Employeeson 31-12-2025
- 19▼ 5.0%
- Filing
- Filed on 28-08-2026
Companies linked to DHK GENK
Parent and group
Insights on DHK GENK
DHK GENK has existed since 2009. The gross margin fell from €1.9m in 2022 to €668,651 in 2023.
Solvency fell in 2025 from 28.9% to 9.5% because of the loss and higher debts to suppliers.
OBUDIS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DHK GENK
- What is the company number of DHK GENK?
- The company number of DHK GENK is 0818.301.304. The VAT number is the same number with BE in front: BE 0818.301.304.
- Where is DHK GENK based?
- The registered office is at Kompellaan 13, 3600 Genk.Company details
- What does DHK GENK do?
- According to the KBO register, the main activity is wholesale trade (NACE 46869).
- What is the legal form of DHK GENK?
- DHK GENK is a public limited company (NV).
- When was DHK GENK founded?
- DHK GENK was founded on 04-09-2009.
- Is DHK GENK still active?
- Yes, DHK GENK is an active enterprise in the KBO register.
- How many employees does DHK GENK have?
- DHK GENK had an average of 18.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DHK GENK fall under?
- In its 2025 annual accounts, DHK GENK states joint committees 207 (White-collar workers in the chemical industry) and 116 (Chemical industry).
- What is the turnover of DHK GENK?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €478,087 and 139 comparable companies (NACE 46). It probably lies between €1.5m and €4.1m.
- Is DHK GENK profitable?
- In financial year 2025, DHK GENK made a loss of €683,292.
- Where can I find the annual accounts of DHK GENK?
- DHK GENK filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DHK GENK due?
- DHK GENK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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