DIAPAL
ActiveSummary
DIAPAL has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.18M and a net result of €951k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 73% of 130 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-4
Solvency91▼-9
Growth67=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.12 in 2024; short-term debt: 21.9% and cash: 30.2% of total assets), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
66.5%
Return on assets
10.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €6.18M
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
24 d early
2023
48 d early
2022
26 d early
2021
47 d early
2020
65 d early
2019
51 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€17.00M▲ 3.8%
2024 · €16.37M
2018: €13.43M
2019: €14.25M
2020: €12.53M
2021: €14.00M
2022: €15.12M
2023: €17.21M
2024: €16.37M
2018 → 2025
EBIT margin
6.8%▼ 0.5pp
2024 · 7.4%
2018: 4.2%
2019: 5.2%
2020: 5.8%
2021: 4.6%
2022: 4.8%
2023: 11.5%
2024: 7.4%
2018 → 2025
Net result
€951k▼ 9.1%
2024 · €1.05M
2018: €427k
2019: €572k
2020: €612k
2021: €586k
2022: €643k
2023: €1.59M
2024: €1.05M
2018 → 2025
Working capital
€4.01M▲ 15.8%
2024 · €3.46M
2018: €1.19M
2019: €2.04M
2020: €2.74M
2021: €-384k
2022: €2.43M
2023: €2.69M
2024: €3.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14.00M-€15.12M▲ 8.0%€17.21M▲ 13.8%€16.37M▼ 4.9%€17.00M▲ 3.8%
Equity€2.94M-€3.47M▲ 17.8%€4.26M▲ 22.9%€5.23M▲ 22.8%€6.18M▲ 18.2%
Operating result€644k-€728k▲ 12.9%€1.98M▲ 173%€1.20M▼ 39.3%€1.16M▼ 3.9%
Net result€586k-€643k▲ 9.7%€1.59M▲ 147%€1.05M▼ 34.2%€951k▼ 9.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.30M
Fixed assets
€3.26M ▲ 72.4%
Current assets
€6.04M ▲ 18.7%
Equity and liabilities €9.30M
Equity
€6.18M ▲ 18.2%
Debt
€3.12M ▲ 78.4%
Debt's share of the balance-sheet total rises from 25.0% to 33.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.56M▲
2024 · €1.53M
Cash flow
€1.36M▼
2024 · €1.37M
Current ratio
2.97▼
2024 · 3.12
Quick ratio
2.44▼
2024 · 2.49
Debt to equity
0.50▲
2024 · 0.33
ROE
15.4%▼
2024 · 20.0%
ROA
10.2%▼
2024 · 15.0%
Interest coverage
85.23▼
2024 · 308.23
Debt ≤ 1 year
€2.03M▲
2024 · €1.63M
Debt > 1 year
€1.08M▲
2024 · €118k
Income taxes
€326k▼
2024 · €328k
Staff costs
€5.62M▲
2024 · €5.43M
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 · 88 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.98M€9.30M▲
Fixed assets21/28€1.89M€3.26M▲
Intangible fixed assets21€25k€20k▼
Tangible fixed assets22/27€1.25M€2.62M▲
Plant, machinery and equipment23€601k€2.13M▲
Furniture and vehicles24€412k€291k▼
Other tangible fixed assets26€234k€202k▼
Financial fixed assets28€619k€621k▲
Affiliated companies280/1€572k€572k=
Participating interests280€572k€572k=
Other financial fixed assets284/8€47k€49k▲
Shares284€4k€4k=
Amounts receivable and cash guarantees285/8€43k€45k▲
Current assets29/58€5.09M€6.04M▲
Stocks and contracts in progress3€1.03M€1.08M▲
Stocks30/36€1.03M€1.08M▲
Raw materials and consumables30/31€683k€663k▼
Work in progress32€94k€73k▼
Finished goods33€65k€88k▲
Goods purchased for resale34€189k€261k▲
Amounts receivable within one year40/41€1.61M€1.84M▲
Trade receivables40€1.51M€1.65M▲
Other amounts receivable41€99k€182k▲
Current investments50/53€254k€254k=
Other investments51/53€254k€254k=
Cash at bank and in hand54/58€2.13M€2.81M▲
Deferred charges and accrued income490/1€59k€60k▲
Equity and liabilities
Total equity and liabilities10/49€6.98M€9.30M▲
Equity10/15€5.23M€6.18M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€5.17M€6.12M▲
Non-distributable reserves130/1€267k€267k=
Legal reserve130€267k€267k=
Tax-exempt reserves132€34k€34k=
Distributable reserves133€4.87M€5.82M▲
Profit (loss) carried forward14€361€530▲
Amounts payable17/49€1.75M€3.12M▲
Amounts payable after more than one year17€118k€1.08M▲
Financial debts170/4€118k€1.08M▲
Credit institutions173€118k€1.08M▲
Amounts payable within one year42/48€1.63M€2.03M▲
Current portion of amounts payable after more than one year42€65k€442k▲
Trade debts44€490k€504k▲
Suppliers440/4€490k€504k▲
Advances received on contracts in progress46€73k€43k▼
Taxes, remuneration and social security45€926k€1.05M▲
Taxes450/3€105k€176k▲
Remuneration and social security454/9€821k€869k▲
Other amounts payable47/48€75k-
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Operating income70/76A€16.43M€17.20M▲
Turnover70€16.37M€17.00M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-21k€2k▲
Other operating income74€61k€205k▲
Non-recurring operating income76A€18k€826▼
Operating charges60/66A€15.22M€16.05M▲
Goods for resale, raw materials and consumables60€6.19M€6.89M▲
Purchases600/8€6.20M€6.95M▲
Change in stocks: decrease (increase)609€-3k€-52k▼
Services and other goods61€3.26M€3.11M▼
Remuneration, social security and pensions62€5.43M€5.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€327k€405k▲
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A-€3k
Operating profit (loss)9901€1.20M€1.16M▼
Financial income75/76B€218k€194k▼
Recurring financial income75€218k€194k▼
Income from financial fixed assets750€30k€33k▲
Income from current assets751€39k€15k▼
Other financial income752/9€149k€146k▼
Financial charges65/66B€48k€75k▲
Recurring financial charges65€48k€75k▲
Debt charges650€5k€18k▲
Other financial charges652/9€43k€56k▲
Profit (loss) for the period before taxes9903€1.37M€1.28M▼
Income taxes67/77€328k€326k▼
Taxes670/3€328k€326k▼
Profit (loss) for the period9904€1.05M€951k▼
Profit (loss) for the period to be appropriated9905€1.05M€951k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.05M€952k▼
Profit (loss) brought forward from the previous period14P€72€361▲
Transfer to equity691/2€971k€951k▼
To other reserves6921€971k€951k▼
Profit to be distributed694/7€75k-
Directors or managers695€75k-
Social balance
Average headcount (FTE)908784.785.4▲
The notes to these accounts (66 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
31-08
State Gazette act
Resignation: MOORE AUDIT BV (statutory auditor)Appointment: VRC BEDRIJFSREVISOREN BV (statutory auditor) · Permanent representative: Lieven VERMEIRE5 facts ▸
State Gazette act
Resignation: MOORE AUDIT BV (statutory auditor)
Appointment: VRC BEDRIJFSREVISOREN BV (statutory auditor) · Permanent representative: Lieven VERMEIRE5 facts ▸
- General meeting, 17-08-2026
- Auditor resignation, MOORE AUDIT BV (statutory auditor)
- General meeting, 18-08-2026
- Auditor appointment, VRC BEDRIJFSREVISOREN BV (statutory auditor)
- Permanent representative, Lieven VERMEIRE
23-06
State Gazette act
RestructuringPermanent representatives: Lieven VERMEIRE, Frederik DESMET and 2 others · Appointment: MOORE AUDIT BV (company auditor) · Demerger35 facts ▸
State Gazette act
Restructuring
Permanent representatives: Lieven VERMEIRE, Frederik DESMET and 2 others · Appointment: MOORE AUDIT BV (company auditor) · Demerger35 facts ▸
- Board meeting, 10/06/2026
- Demerger, Overdracht van 1.583 aandelen van DIAPAL NV (gehouden door CREAPAL NV) naar DIAPAL NV zelf.
- Permanent representative, Lieven VERMEIRE
- Permanent representative, Frederik DESMET
- Permanent representative, Matthias VERHEGGE
- Permanent representative, Annabel VERMEIRE
- Capital, €360.824,88
- Board composition, SCHAVELING BV (director)
- Board composition, REELAND BV (director)
- Board composition, TATRA BV (director)
- Board composition, Bart NEELS (director)
- Board composition, Christian PEETERS (director)
- +23 further facts in this act
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5MEq €5.23M ▲22.8%
7 profitable years in a row build equity to €5.23M.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.59M ▲147%
Operating result €1.98M, net result €1.59M, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.35
Current ratio from 0.93 to 2.35; short-term debt falls from €5.86M to €1.80M.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Jabbeke · 1 establishment unit since 1968
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.
Bekedijkstraat 18490 JabbekeGround area
2.5 ha
Building footprint
1,168 m²
Volume, LiDAR
7,112 m³
Parcel 31012A1042/00K000, Flanders · tallest building 42.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Diapal
since 19682.001.799.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012A1042/00K000 | Flanders | 2.5 ha | 1 · 1,168 m² | 42.1 m · 2 fl. |
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.
Statutory auditor
2 auditors| BV MOORE AUDITCurrent Company auditor | 23-06-2026 → present |
| VRC BEDRIJFSREVISOREN BVCurrent Statutory auditor | 18-08-2026 → present |
Articles of association
Purpose
Het ontwerpen, de fabricatie, de verkoop, de handel, de in- en uitvoer, de plaatsing, het onderhoud... van alle meubelen en keukeninstallaties en de bijhorende apparatuur...…
Full purpose
Het ontwerpen, de fabricatie, de verkoop, de handel, de in- en uitvoer, de plaatsing, het onderhoud... van alle meubelen en keukeninstallaties en de bijhorende apparatuur... alsmede alle commerciële en industriële, roerende of onroerende handelingen, die er rechtstreeks of onrechtstreeks en geheel of gedeeltelijk verband mee houden.
Structure & network
Acquisitions and mergers
1 transactionReceived in a demerger part of:CREAPAL NV
Capital and shareholders
Capital over the years
- 23-06-2026 Capital increase of 11,866.12 EUR · to 73,366.12 EUR
Public money · subsidies and aid
Flemish government
2022 to 2025 · 14 entries · 153,312 EUR awarded · 153,312 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 19,346 EUR | 19,346 EUR |
| 2024 | 3 | 30,463 EUR | 31,033 EUR |
| 2023 | 4 | 43,284 EUR | 70,490 EUR |
| 2022 | 4 | 60,219 EUR | 32,443 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Call groene stroom (stopgezet)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
6 live approvalsBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Meubelmaker duaal (so)
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Similar companies · same sector, comparable size
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FORUM
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HOREMANS KEUKENS MEUBELEN
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Geel · Eq €7.62M
KEUKENS VAN LOMMEL
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Of 619 companies in sector 31002 we hold annual accounts for 349. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1968
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43320Joinery installation
46471Wholesale trade
47551Retail sale of household furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.