DIECOBEL
ActiveSummary
DIECOBEL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of €93,558. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-3
Solvency99=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 10.96 against 19.91 in 2023; short-term debt: 4% and cash: 8.1% of total assets), and 26.1% of the assets are financed with debt.
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Signals
Four 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% 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 2024Solvency, return and age of the figures
Solvency
73.9%
Return on assets
4.6%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
97 d early
2022
41 d early
2021
48 d early
2020
43 d early
2019
7 d early
← 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 before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.5m▲ 6.6%
2023 · €1.4m
Total assets
€2.0m▲ 6.8%
2023 · €1.9m
Net result
€93,558▼ 19.7%
2023 · €116,491
Working capital
€814,607▼ 46.0%
2023 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€267,368▲ 35.8%€351,785▲ 31.6%€308,779▼ 12.2%€177,336▼ 42.6%€158,643▼ 10.5%
Net result€182,652above the sector's middle half▲ 45.7%€242,951above the sector's middle half▲ 33.0%€213,848above the sector's middle half▼ 12.0%€116,491above the sector's middle half▼ 45.5%€93,558within the sector's middle half▼ 19.7%
Equity€834,937within the sector's middle half▲ 27.8%€1.1mabove the sector's middle half▲ 29.0%€1.3mabove the sector's middle half▲ 19.8%€1.4mabove the sector's middle half▲ 9.0%€1.5mabove the sector's middle half▲ 6.6%
Total assets€1.5mwithin the sector's middle half▲ 10.5%€1.7mwithin the sector's middle half▲ 15.2%€1.9mwithin the sector's middle half▲ 9.7%€1.9mwithin the sector's middle half▲ 1.7%€2.0mwithin the sector's middle half▲ 6.8%
Debt€643,205▼ 6.0%€626,072▼ 2.7%€578,680▼ 7.6%€494,445▼ 14.6%€530,427▲ 7.3%
Working capital€1.1m▲ 13.1%€1.3m▲ 20.0%€1.5m▲ 15.4%€1.5m▲ 3.2%€814,607▼ 46.0%
Solvency56.5%within the sector's middle half▲ 7.6pp63.2%above the sector's middle half▲ 6.8pp69.0%above the sector's middle half▲ 5.8pp74.0%above the sector's middle half▲ 4.9pp73.9%above the sector's middle half▼ 0.1pp
Staff (FTE)2.5below the sector's middle half▼ 10.7%2.8below the sector's middle half▲ 12.0%2below the sector's middle half▼ 28.6%1.3below the sector's middle half▼ 35.0%1.4below the sector's middle half▲ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 11% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.1m ▲ 263%
Current assets
€896,370 ▼ 43.6%
Equity and liabilities €2.0m
Equity
€1.5m ▲ 6.6%
Debt
€530,427 ▲ 7.3%
Debt's share of the balance-sheet total rises from 26.0% to 26.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€218,125▼
2023 · €227,334
Cash flow
€153,040▼
2023 · €166,488
Current ratio
10.96▼
2023 · 19.91
Quick ratio
4.31▼
2023 · 11.23
Debt to equity
0.35▲
2023 · 0.35
ROE
6.2%▼
2023 · 8.3%
ROA
4.6%▼
2023 · 6.1%
Interest coverage
5.85▼
2023 · 7.91
Debt ≤ 1 year
€81,764▲
2023 · €79,800
Debt > 1 year
€448,663▲
2023 · €412,987
Income taxes
€50,297▲
2023 · €45,602
Staff costs
€52,844▼
2023 · €57,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €350 | €3,719 | ▲ 963% |
| Remuneration, social security and pensions62 | - | €109,681 | €90,853 | €57,276 | €52,844 | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,116 | €58,514 | €47,201 | €49,998 | €59,481 | ▲ 19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,114 | €46,692 | €29,085 | €12,409 | ▼ 57.3% |
| Other operating charges640/8 | - | €10,919 | €14,759 | €17,627 | €18,121 | ▲ 2.8% |
| Non-recurring operating charges66A | - | €609 | €263 | €0 | - | - |
| Gross operating margin9900 | €424,264 | €533,622 | €508,548 | €331,322 | €301,498 | ▼ 9.0% |
| Operating profit (loss)9901 | €267,368 | €351,785 | €308,779 | €177,336 | €158,643 | ▼ 10.5% |
| Financial income75/76B | - | €16,530 | €9,737 | €13,499 | €22,516 | ▲ 66.8% |
| Recurring financial income75 | €11,146 | €16,530 | €9,737 | €13,499 | €22,516 | ▲ 66.8% |
| Financial charges65/66B | - | €25,517 | €23,160 | €28,743 | €37,304 | ▲ 29.8% |
| Recurring financial charges65 | €25,123 | €25,517 | €23,160 | €28,743 | €37,304 | ▲ 29.8% |
| Profit (loss) for the period before taxes9903 | €253,391 | €342,798 | €295,356 | €162,092 | €143,855 | ▼ 11.3% |
| Income taxes67/77 | €70,739 | €99,847 | €81,508 | €45,602 | €50,297 | ▲ 10.3% |
| Profit (loss) for the period9904 | €182,652 | €242,951 | €213,848 | €116,491 | €93,558 | ▼ 19.7% |
| Transfer from tax-exempt reserves789 | - | €46,500 | €53,400 | €71,200 | €84,200 | ▲ 18.3% |
| Transfer to tax-exempt reserves689 | - | €126,300 | €122,090 | €63,150 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €110,016 | €163,151 | €145,158 | €124,541 | €177,758 | ▲ 42.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.7m | €1.9m | €1.9m | €2.0m | ▲ 6.8% |
| Fixed assets21/28 | €299,771 | €283,365 | €261,783 | €311,703 | €1.1m | ▲ 263% |
| Intangible fixed assets21 | - | - | - | €27,400 | €23,230 | ▼ 15.2% |
| Tangible fixed assets22/27 | €299,771 | €283,365 | €261,783 | €284,303 | €259,320 | ▼ 8.8% |
| Land and buildings22 | - | €241,890 | €228,584 | €258,614 | €217,984 | ▼ 15.7% |
| Furniture and vehicles24 | - | €41,475 | €33,199 | €25,688 | €41,336 | ▲ 60.9% |
| Financial fixed assets28 | - | - | - | - | €850,000 | - |
| Current assets29/58 | €1.2m | €1.4m | €1.6m | €1.6m | €896,370 | ▼ 43.6% |
| Stocks and contracts in progress3 | €468,896 | €501,554 | €839,000 | €692,193 | €543,601 | ▼ 21.5% |
| Stocks30/36 | - | €501,554 | €839,000 | €692,193 | €543,601 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €63,116 | €53,216 | €63,629 | €145,313 | €183,528 | ▲ 26.3% |
| Trade receivables40 | - | €48,816 | €35,939 | €24,177 | €50,255 | ▲ 108% |
| Other amounts receivable41 | - | €4,401 | €27,689 | €121,136 | €133,273 | ▲ 10.0% |
| Current investments50/53 | - | - | - | €500,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €646,360 | €865,026 | €704,405 | €244,756 | €163,458 | ▼ 33.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,275 | €5,783 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.7m | €1.9m | €1.9m | €2.0m | ▲ 6.8% |
| Equity10/15 | €834,937 | €1.1m | €1.3m | €1.4m | €1.5m | ▲ 6.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €814,937 | €1.1m | €1.3m | €1.4m | €1.5m | ▲ 6.7% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €15,000 | €15,000 | €0 | - | - |
| Tax-exempt reserves132 | - | €335,100 | €403,790 | €395,740 | €311,540 | ▼ 21.3% |
| Distributable reserves133 | - | €706,989 | €851,347 | €990,055 | €1.2m | ▲ 17.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €643,205 | €626,072 | €578,680 | €494,445 | €530,427 | ▲ 7.3% |
| Amounts payable after more than one year17 | €520,568 | €472,723 | €433,281 | €412,987 | €448,663 | ▲ 8.6% |
| Financial debts170/4 | - | €95,807 | €53,612 | €30,279 | €16,062 | ▼ 47.0% |
| Other amounts payable178/9 | - | €376,916 | €379,669 | €382,709 | €432,602 | ▲ 13.0% |
| Amounts payable within one year42/48 | €122,637 | €153,349 | €145,399 | €79,800 | €81,764 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €48,492 | €42,195 | €23,333 | €16,853 | ▼ 27.8% |
| Trade debts44 | €22,254 | €42,894 | €35,799 | €25,085 | €5,843 | ▼ 76.7% |
| Suppliers440/4 | - | €42,894 | €35,799 | €25,085 | €5,843 | ▼ 76.7% |
| Taxes, remuneration and social security45 | - | €20,674 | €27,067 | €15,377 | €35,336 | ▲ 130% |
| Taxes450/3 | - | €8,994 | €21,689 | €8,204 | €29,992 | ▲ 266% |
| Remuneration and social security454/9 | - | €11,680 | €5,378 | €7,173 | €5,344 | ▼ 25.5% |
| Other amounts payable47/48 | - | €41,289 | €40,338 | €16,004 | €23,732 | ▲ 48.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,658 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182,652 | €242,951 | €213,848 | €116,491 | €93,558 | ▼ 19.7% |
| + Depreciation and write-downs630 | €52,116 | €58,514 | €47,201 | €49,998 | €59,481 | ▲ 19.0% |
| Operating cash flow (approximation) | €234,768 | €301,465 | €261,050 | €166,488 | €153,040 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€42,107 | -€25,620 | -€99,917 | -€880,329 | ▼ 781% |
| Change in cash | - | €218,667 | -€160,621 | -€459,649 | -€81,298 | ▲ 82.3% |
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
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €93,558 ▼19.7%
Net result drops to €93,558, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €242,951 ▲33%
Operating result €351,785, net result €242,951, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲29%
4 profitable years in a row build equity to €1.1m.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk · 1 establishment unit since 2002
Ground area
3,989 m²
Building footprint
1,773 m²
Volume, LiDAR
12,661 m³
2 parcels, Flanders, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zonne-wende
since 20022.071.695.811
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57050A0166/00K003 | Wallonia | 3,167 m² | 1 · 1,557 m² | 8.7 m · 2 fl. |
| 34005C0428/00G000 | Flanders | 822 m² | 1 · 216 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- Baleares Muebles Experiencia SLESSourceown accounts 202450%
According to the 2024 annual accounts of DIECOBEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400E4XOO7CJFJHT86
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Of 1,501 companies in sector 31004 we hold annual accounts for 623. 316 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
Founded11-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47551Retail sale of household furniture
46494Wholesale of non-electrical household articles
47552Retail sale of lighting equipment
81300Landscape service activities
Contact
Website
www.zonne-wende.be
E-mail
info@zonne-wende.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455009479
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.