DHK GENK
ActiveThe annual accounts of DHK GENK for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €480k and a net result of €-683k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 12% of 4844 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-11
Solvency35▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.09 against 1.3 in 2024; short-term debt: 86.7% and cash: 2.1% of total assets), and 90.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
18192022232425
2018 to 2025 · latest year €-683k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 4844 sector peers (2025).
NBB · sector comparisonPosition among 4844 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 filingsDeviation from the deadline
2025
28 d late
2024
4 d late
2023
40 d early
2022
40 d early
2021
75 d early
2020
44 d early
2019
4 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-683k▼ 284%
2024 · €-178k
2018: €115k
2019: €-15k
2020: €6k
2022: €381k
2023: €-262k
2024: €-178k
2018 → 2025
Working capital
€382k▼ 55.6%
2024 · €861k
2018: €1.29M
2019: €574k
2020: €625k
2022: €1.45M
2023: €1.08M
2024: €861k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€725k-€1.60M▲ 121%€1.34M▼ 16.3%€1.16M▼ 13.3%€480k▼ 58.7%
Operating result€42k-€534k▲ 1,168%€-230k€-134k▲ 41.5%€-644k▼ 380%
Net result€6k-€381k▲ 6,464%€-262k€-178k▲ 31.9%€-683k▼ 284%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €644k in 2025 against €134k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.05M
Fixed assets
€288k▼ 9.1%
Current assets
€4.76M▲ 28.3%
Equity and liabilities €5.05M
Equity
€480k▼ 58.7%
Debt
€4.57M▲ 59.6%
The debt ratio rises from 71.1% to 90.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-571k▼
2024 · €-67k
Cash flow
€-610k▼
2024 · €-111k
Solvency
9.5%▼
2024 · 28.9%
Current ratio
1.09▼
2024 · 1.30
Quick ratio
0.61▲
2024 · 0.38
Debt / equity
9.52▲
2024 · 2.46
ROE
-142.3%▼
2024 · -15.3%
ROA
-13.5%▼
2024 · -4.4%
Interest coverage
-9.50▼
2024 · -0.81
Debt
€4.57M▲
2024 · €2.86M
Debt ≤ 1 year
€4.38M▲
2024 · €2.85M
Debt > 1 year
€24k▲
2024 · €15k
Income taxes
€887▼
2024 · €2k
Staff costs
€1.01M▼
2024 · €1.04M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.03M€5.05M▲
Fixed assets21/28€317k€288k▼
Intangible fixed assets21€128k€110k▼
Tangible fixed assets22/27€189k€178k▼
Land and buildings22€44k€40k▼
Plant, machinery and equipment23€87k€87k▲
Furniture and vehicles24€59k€52k▼
Current assets29/58€3.71M€4.76M▲
Stocks and contracts in progress3€2.63M€2.09M▼
Stocks30/36€2.63M€2.09M▼
Amounts receivable within one year40/41€1.00M€2.50M▲
Trade receivables40€929k€1.47M▲
Other amounts receivable41€74k€1.03M▲
Cash at bank and in hand54/58€13k€104k▲
Deferred charges and accrued income490/1€63k€68k▲
Equity and liabilities
Total equity and liabilities10/49€4.03M€5.05M▲
Equity10/15€1.16M€480k▼
Contributions10/11€700k€700k=
Capital10€700k€700k=
Issued capital100€700k€700k=
Reserves13€131k€131k=
Non-distributable reserves130/1€47k€47k=
Legal reserve130€47k€47k=
Distributable reserves133€84k€84k=
Profit (loss) carried forward14€332k€-351k▼
Amounts payable17/49€2.86M€4.57M▲
Amounts payable after more than one year17€15k€24k▲
Financial debts170/4€12k€21k▲
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€2.85M€4.38M▲
Current portion of amounts payable after more than one year42€85k€18k▼
Financial debts43€1.00M€1.02M▲
Credit institutions430/8€1.00M€1.00M=
Other loans439-€24k
Trade debts44€1.09M€2.80M▲
Suppliers440/4€1.09M€2.80M▲
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45€126k€126k▼
Taxes450/3€40k€44k▲
Remuneration and social security454/9€87k€81k▼
Other amounts payable47/48€550k€393k▼
Accrued charges and deferred income492/3€76€166k▲
Income statement
Code20242025
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62€1.04M€1.01M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€73k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-10k€0▲
Other operating charges640/8€16k€30k▲
Non-recurring operating charges66A€11k€6k▼
Gross operating margin9900€993k€478k▼
Operating profit (loss)9901€-134k€-644k▼
Financial income75/76B€41k€21k▼
Recurring financial income75€41k€21k▼
Financial charges65/66B€83k€60k▼
Recurring financial charges65€83k€60k▼
Profit (loss) for the period before taxes9903€-176k€-682k▼
Income taxes67/77€2k€887▼
Profit (loss) for the period9904€-178k€-683k▼
Profit (loss) for the period to be appropriated9905€-178k€-683k▼
Appropriation of the result
Profit (loss) to be appropriated9906€332k€-351k▼
Profit (loss) brought forward from the previous period14P€510k€332k▼
Social balance
Average headcount (FTE)908719.918.6▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-683k
Net result drops to €-683k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €381k ▲6464%
Operating result €534k, net result €381k, both a record.
31-12
Financial
Equity above €1MEq €1.60M ▲121%
2 profitable years in a row build equity to €1.60M.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Genk · 1 establishment unit since 2009
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.
Kompellaan 133600 GenkGround area
1.4 ha
Building footprint
6,111 m²
Volume, LiDAR
84 m³
Parcel 71308A0818/00X286, Flanders · tallest building 4.2 m. Linked by address, not a title deed.
1 establishment unit
AVABEL EUROPE
since 20092.180.696.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0818/00X286 | Flanders | 1.4 ha | 1 · 6,111 m² | 4.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 9 entries · 20,786 EUR awarded · 20,564 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 2,944 EUR | 2,759 EUR |
| 2024 | 2 | 700 EUR | 704 EUR |
| 2023 | 2 | 7,381 EUR | 7,340 EUR |
| 2022 | 2 | 9,761 EUR | 9,761 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 2 endedBestuurder interne transportmiddelen duaal (so)
Logistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
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Of 432 companies in sector 46869 we hold annual accounts for 244. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-09-2009
Fiscal year end31-12
Activities, NACEBEL
46869Wholesale trade
13200Manufacture of textiles
20160Manufacture of chemicals and chemical products
22240Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.