DIEPENSTEYN
ActiveSummary
DIEPENSTEYN has been active since 1965 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431.3m and a net result of €7.4m, of which €4.5m non-recurring income. Equity has been growing by about 8.7% per year since 2018. Its solvency ranks better than 95% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-01-1965 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 144 Paritair Comité voor de landbouw · annual accounts 2025
- Establishment unit
- 2.105.498.826 1840 Londerzeel, since 01-12-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Stand in BVManaging director · permanent representative Bart Van Muylder
- Econoshock Beheer BVDirector · permanent representative Geert Noels
- FOXFIN BVDirector · permanent representative Barbara De Saedeleer
- Auditor
- BV MOORE AUDIT
Shareholders
- Holdings
- Shares in 3 companies including Bencis Buy Out Fund V Intermediate 1 BV and HANDELSBEURS ANTWERPEN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €658,509
- ▼ 32.9%
- Profit
- €7.4m
- ▼ 84.8%
- Equity
- €431.3m
- ▲ 1.7%
- Total assets
- €433.3m
- ▲ 0.3%
- Employees on 31-12-2025
- 8
- =
Net result -85%: merger
Score breakdownraises riskLiquidity: current ratio 20.41, cash €1.3mProfit of €7.4m (financial year 2025)lowers riskEquity €431.3m (99.5% of total assets)Founded in 1965Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 41% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency
100=
equity 99.5% of total assets
Liquidity
50=
short-term debt 0.2% · cash 0.3%
Profitability
14-8
return on assets 1.7%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 20.41 (2.74 in 2024), above the usual 1.5. Short-term debt is 0.2% and cash 0.3% of total assets. 0.5% of the assets are financed with debt and provisions.
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 70, micro). It does better than 86% of them on solvency, 36% on liquidity, 12% on profitability and 30% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 days early
2024
51 days early
2023
30 days early
2022
53 days early
2021
39 days early
2020
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 44 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 10 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format, standalone accounts
Annual accounts 2025 filed on 09-06-2026 PDF all 75 filings
Turnover
€658,509▼ 32.9%
2024 · €981,053
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€7.4m▼ 84.8%
2024 · €48.8m
Working capital
€15.5m▲ 51.1%
2024 · €10.2m
In the rankings
#1 company by total assets in Londerzeel#1 company by equity in Londerzeel#1 oldest company in Londerzeel, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€658,509
▼ 32.9%
2025
20182025
Operating result
-€4.6m
▼ 14.1%
2025
20182025
Net result
€7.4m
▼ 84.8%
2025
highest quarter of the sector
20182025
Equity
€431.3m
▲ 1.7%
2025
highest quarter of the sector
20182025
Total assets
€433.3m
▲ 0.3%
2025
highest quarter of the sector
20182025
Debt
€2.0m
▼ 75.5%
2025
20182025
Working capital
€15.5m
▲ 51.1%
2025
highest quarter of the sector
20182025
Solvency
99.5%
▲ 1.4pp
2025
highest quarter of the sector
20182025
Current ratio
20.41
▲ 17.66
2025
highest quarter of the sector
20182025
Return on assets (ROA)
1.7%
▼ 9.6pp
2025
middle half of the sector
20182025
Staff (FTE)
7.6
▼ 11.6%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.6m-€3.7m▲ 4.3%€3.0m▼ 18.1%€2.3m▼ 24.2%€1.8m▼ 23.9%€1.3m▼ 23.2%€1.0m▼ 27.1%€0.7m▼ 32.9%
Operating result-€2.0m--€0.4m▲ 81.6%-€0.7m▼ 93.3%-€6.8m▼ 831%€6.2m-€2.8m-€4.0m▼ 43.3%-€4.6m▼ 14.1%
Net result€1.6m-€16.5m▲ 957%€16.1mabove the sector's middle half▼ 2.9%€42.2mabove the sector's middle half▲ 163%€43.7mabove the sector's middle half▲ 3.6%€21.4mabove the sector's middle half▼ 51.1%€48.8mabove the sector's middle half▲ 128%€7.4mabove the sector's middle half▼ 84.8%
Equity€245.4m-€261.9m▲ 6.7%€267.9mabove the sector's middle half▲ 2.3%€309.9mabove the sector's middle half▲ 15.7%€353.8mabove the sector's middle half▲ 14.2%€375.1mabove the sector's middle half▲ 6.0%€423.9mabove the sector's middle half▲ 13.0%€431.3mabove the sector's middle half▲ 1.7%
Total assets€257.0m-€269.3m▲ 4.8%€294.7mabove the sector's middle half▲ 9.5%€321.6mabove the sector's middle half▲ 9.1%€360.3mabove the sector's middle half▲ 12.0%€392.4mabove the sector's middle half▲ 8.9%€432.0mabove the sector's middle half▲ 10.1%€433.3mabove the sector's middle half▲ 0.3%
Debt€9.4m-€5.4m▼ 42.8%€25.2m▲ 370%€10.7m▼ 57.6%€6.3m▼ 40.5%€17.3m▲ 172%€8.1m▼ 52.9%€2.0m▼ 75.5%
Working capital€15.4m-€25.6m▲ 66.6%-€0.2mbelow the sector's middle half€26.1mabove the sector's middle half€16.8mabove the sector's middle half▼ 35.4%€5.3mabove the sector's middle half▼ 68.5%€10.2mabove the sector's middle half▲ 93.3%€15.5mabove the sector's middle half▲ 51.1%
Solvency95.5%-97.3%▲ 1.8pp90.9%above the sector's middle half▼ 6.4pp96.4%above the sector's middle half▲ 5.5pp98.2%above the sector's middle half▲ 1.8pp95.6%above the sector's middle half▼ 2.6pp98.1%above the sector's middle half▲ 2.5pp99.5%above the sector's middle half▲ 1.4pp
Current ratio7.75-67.33▲ 59.590.99within the sector's middle half▼ 66.3445.93above the sector's middle half▲ 44.9341.71above the sector's middle half▼ 4.221.41within the sector's middle half▼ 40.302.74within the sector's middle half▲ 1.3320.41above the sector's middle half▲ 17.66
Return on assets (ROA)0.6%-6.1%▲ 5.5pp5.5%within the sector's middle half▼ 0.7pp13.1%above the sector's middle half▲ 7.7pp12.1%within the sector's middle half▼ 1.0pp5.4%within the sector's middle half▼ 6.7pp11.3%within the sector's middle half▲ 5.8pp1.7%within the sector's middle half▼ 9.6pp
Staff (FTE)10.8-10.7▼ 0.9%10.4within the sector's middle half▼ 2.8%10.5within the sector's middle half▲ 1.0%10.9within the sector's middle half▲ 3.8%10.2within the sector's middle half▼ 6.4%8.6within the sector's middle half▼ 15.7%7.6within the sector's middle half▼ 11.6%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €4.6m, larger than the loss of €4.0m in 2024.
Large changes and their cause
- 2025 Net result -85% on 2024. Merger absorbing FLANDERS BUILDING, Official Gazette 06-01-2025.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433.3m
Fixed assets
€417.0m ▲ 0.3%
Current assets
€16.3m ▲ 1.0%
Equity and liabilities €433.3m
Equity
€431.3m ▲ 1.7%
Debt
€2.0m ▼ 75.5%
Debt's share of the balance-sheet total falls from 1.9% to 0.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€3.5m▼
2024 · -€2.9m
Cash flow
€8.5m▼
2024 · €49.9m
Quick ratio
19.98▲
2024 · 2.69
Debt to equity
0.00▼
2024 · 0.02
ROE
1.7%▼
2024 · 11.5%
Interest coverage
-23.58▼
2024 · -4.26
Debt ≤ 1 year
€797,577▼
2024 · €5.9m
Debt > 1 year
€1.1m▼
2024 · €2.1m
Income taxes
€628,647▲
2024 · €40,798
Customer credit
265 days▼
2024 · 807 days
Supplier credit
37586 days▲
2024 · 5365 days
Staff costs
€670,403▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 12 | 10 | 8 | 8 |
| full-time | 8 | 9 | 7 | 7 | 6 |
| part-time | 3 | 3 | 3 | 1 | 2 |
| in full-time equivalents | 10.2 | 11.2 | 9.2 | 7.6 | 7.3 |
| Average over the year, in full-time equivalents | 10.5 | 10.9 | 10.2 | 8.6 | 7.6 |
| On a permanent contract | 11 | 12 | 10 | 8 | 8 |
| Joined | 4 | 3 | 2 | 4 | 6 |
| Left | 4 | 2 | 4 | 6 | 6 |
| Agency workers, average number | 0.9 | 0.5 | 0.1 | 0.1 | 0.1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue social security (RSZ) debts | - | - | €1,594 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.5m | €11.9m | €8.3m | €12.3m | €773,826 |
| Financial fixed assets | €48.2m | €104.7m | €44.3m | €141.8m | €32.0m |
| Depreciation and write-downs of the year | €1.2m | €814,792 | €922,824 | €1.1m | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €15,850 | €28,500 | €22,000 | €28,126 | €14,892 |
| Other work by the auditor | €641 | - | - | €2,100 | - |
| Work by persons linked to the auditor | - | - | - | - | €2,100 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.9m | €10.2m | €3.2m | €3.0m | €1.0m | ▼ 66.7% |
| Turnover70 | €3.6m | €3.7m | €3.0m | €2.3m | €1.8m | €1.3m | €1.0m | €0.7m | ▼ 32.9% |
| Other operating income74 | - | - | - | €0.6m | €8.5m | €1.8m | €2.0m | €0.4m | ▼ 82.9% |
| Operating charges60/66A | - | - | - | €9.7m | €4.0m | €6.0m | €7.0m | €5.6m | ▼ 20.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.003m | €0.005m | €0.002m | €0.007m | €0.002m | ▼ 74.8% |
| Purchases600/8 | - | - | - | €0.003m | €0.005m | €0.002m | €0.007m | €0.002m | ▼ 74.8% |
| Services and other goods61 | - | - | - | €2.9m | €2.8m | €2.8m | €4.1m | €3.4m | ▼ 16.8% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.9m | €1.6m | €1.1m | €0.7m | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €1.7m | €1.8m | €1.2m | €0.8m | €0.9m | €1.1m | €1.1m | ▼ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.6m | -€49 | €0.09m | €0.2m | €0.07m | ▼ 64.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.6m | -€0.9m | -€0.1m | - | - | - |
| Other operating charges640/8 | - | - | - | €4.8m | €0.3m | €0.6m | €0.5m | €0.3m | ▼ 28.2% |
| Operating profit (loss)9901 | -€2.0m | -€0.4m | -€0.7m | -€6.8m | €6.2m | -€2.8m | -€4.0m | -€4.6m | ▼ 14.1% |
| Financial income75/76B | - | - | - | €50.6m | €38.9m | €48.1m | €64.7m | €18.7m | ▼ 71.1% |
| Recurring financial income75 | €4.6m | €10.0m | €7.8m | €9.6m | €10.1m | €9.8m | €18.5m | €14.2m | ▼ 23.3% |
| Income from financial fixed assets750 | - | - | - | €8.9m | €9.1m | €9.1m | €17.7m | €13.5m | ▼ 23.5% |
| Income from current assets751 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 3.1% |
| Other financial income752/9 | - | - | - | €0.06m | €0.2m | €0.02m | €0.1m | €0.01m | ▼ 91.4% |
| Non-recurring financial income76B | - | - | - | €40.9m | €28.8m | €38.4m | €46.2m | €4.5m | ▼ 90.2% |
| Financial charges65/66B | - | - | - | €1.6m | €1.5m | €22.9m | €11.9m | €6.1m | ▼ 48.9% |
| Recurring financial charges65 | €1.0m | €0.7m | €1.0m | €1.4m | €1.4m | €0.8m | €1.3m | €0.6m | ▼ 50.9% |
| Debt charges650 | €0.04m | €0.03m | €0.08m | €0.09m | €0.5m | €0.4m | €0.7m | €0.1m | ▼ 78.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | €0.05m | - | - | - |
| Other financial charges652/9 | - | - | - | €1.3m | €0.9m | €0.4m | €0.6m | €0.5m | ▼ 21.2% |
| Non-recurring financial charges66B | - | - | - | €0.2m | €0.06m | €22.1m | €10.6m | €5.4m | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | €1.6m | €16.6m | €16.3m | €42.2m | €43.7m | €22.4m | €48.8m | €8.0m | ▼ 83.5% |
| Transfer from deferred taxes780 | - | - | - | - | €0.06m | - | - | - | - |
| Income taxes67/77 | €0.07m | €0.01m | €0.3m | €0.005m | €0.06m | €1.1m | €0.04m | €0.6m | ▲ 15× |
| Taxes670/3 | - | - | - | €0.005m | €0.06m | €1.1m | €0.05m | €0.6m | ▲ 12× |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.01m | - | - |
| Profit (loss) for the period9904 | €1.6m | €16.5m | €16.1m | €42.2m | €43.7m | €21.4m | €48.8m | €7.4m | ▼ 84.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.2m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €16.5m | €16.1m | €42.2m | €43.9m | €21.4m | €48.8m | €7.4m | ▼ 84.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €257.0m | €269.3m | €294.7m | €321.6m | €360.3m | €392.4m | €432.0m | €433.3m | ▲ 0.3% |
| Fixed assets21/28 | €239.3m | €243.3m | €273.1m | €295.0m | €343.0m | €374.2m | €415.9m | €417.0m | ▲ 0.3% |
| Tangible fixed assets22/27 | €38.0m | €44.7m | €43.3m | €30.9m | €31.9m | €37.5m | €43.6m | €43.2m | ▼ 0.8% |
| Land and buildings22 | - | - | - | €29.9m | €30.8m | €36.2m | €42.5m | €42.2m | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €0.4m | €0.3m | €0.6m | €0.5m | €0.6m | ▲ 30.1% |
| Furniture and vehicles24 | - | - | - | €0.6m | €0.8m | €0.6m | €0.5m | €0.4m | ▼ 26.9% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.04m | €0.06m | ▲ 50.0% |
| Financial fixed assets28 | €201.3m | €198.6m | €229.8m | €264.1m | €311.2m | €336.7m | €372.3m | €373.8m | ▲ 0.4% |
| Affiliated companies280/1 | - | - | - | €39.4m | €12.8m | €13.2m | - | - | - |
| Participating interests280 | - | - | - | €18.9m | €10.6m | €10.7m | - | - | - |
| Amounts receivable281 | - | - | - | €20.5m | €2.2m | €2.6m | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | €10.5m | €13.5m | €14.7m | €13.6m | €14.6m | ▲ 7.2% |
| Participating interests282 | - | - | - | €8.3m | €10.1m | €11.2m | €9.9m | €10.6m | ▲ 7.7% |
| Amounts receivable283 | - | - | - | €2.2m | €3.3m | €3.5m | €3.7m | €4.0m | ▲ 5.8% |
| Other financial fixed assets284/8 | - | - | - | €214.2m | €284.9m | €308.8m | €358.7m | €359.2m | ▲ 0.1% |
| Shares284 | - | - | - | €212.7m | €283.3m | €307.2m | €358.2m | €358.7m | ▲ 0.1% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1.5m | €1.7m | €1.6m | €0.5m | €0.5m | ▲ 4.0% |
| Current assets29/58 | €17.6m | €26.0m | €21.6m | €26.6m | €17.2m | €18.2m | €16.1m | €16.3m | ▲ 1.0% |
| Amounts receivable after more than one year29 | - | - | - | €6.5m | €7.0m | €6.8m | €8.2m | €11.5m | ▲ 39.9% |
| Other amounts receivable291 | - | - | - | €6.5m | €7.0m | €6.8m | €8.2m | €11.5m | ▲ 39.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Stocks30/36 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Property held for sale35 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Amounts receivable within one year40/41 | €4.3m | €9.2m | €5.2m | €2.6m | €1.7m | €8.4m | €4.4m | €1.3m | ▼ 69.7% |
| Trade receivables40 | - | - | - | €1.0m | €0.6m | €2.1m | €2.2m | €0.5m | ▼ 78.0% |
| Other amounts receivable41 | - | - | - | €1.7m | €1.1m | €6.3m | €2.2m | €0.9m | ▼ 61.7% |
| Current investments50/53 | €0.1m | €0.1m | €0.09m | €0.05m | €0.05m | - | €1.8m | €1.8m | ▼ 1.6% |
| Other investments51/53 | - | - | - | €0.05m | €0.05m | - | €1.8m | €1.8m | ▼ 1.6% |
| Cash at bank and in hand54/58 | €5.9m | €9.1m | €11.8m | €17.5m | €8.5m | €2.6m | €1.3m | €1.3m | = |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.004m | €0.02m | €0.01m | ▼ 42.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €257.0m | €269.3m | €294.7m | €321.6m | €360.3m | €392.4m | €432.0m | €433.3m | ▲ 0.3% |
| Equity10/15 | €245.4m | €261.9m | €267.9m | €309.9m | €353.8m | €375.1m | €423.9m | €431.3m | ▲ 1.7% |
| Contributions10/11 | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | = |
| Capital10 | - | - | - | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | = |
| Issued capital100 | - | - | - | €31.7m | €31.7m | €31.7m | €31.7m | €31.7m | = |
| Reserves13 | €103.2m | €103.2m | €93.2m | €93.2m | €93.2m | €93.2m | €93.2m | €93.2m | = |
| Non-distributable reserves130/1 | - | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Legal reserve130 | - | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Other1319 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €90.0m | €90.0m | €90.0m | €90.0m | €90.0m | = |
| Profit (loss) carried forward14 | €110.5m | €127.0m | €143.0m | €185.0m | €228.9m | €250.2m | €299.0m | €306.4m | ▲ 2.5% |
| Provisions and deferred taxes16 | €2.2m | €2.0m | €1.7m | €1.0m | €0.1m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €1.0m | €0.1m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €1.0m | €0.1m | - | - | - | - |
| Amounts payable17/49 | €9.4m | €5.4m | €25.2m | €10.7m | €6.3m | €17.3m | €8.1m | €2.0m | ▼ 75.5% |
| Amounts payable after more than one year17 | €6.0m | €4.9m | €3.3m | €10.0m | €5.9m | €3.8m | €2.1m | €1.1m | ▼ 48.7% |
| Other amounts payable178/9 | - | - | - | €10.0m | €5.9m | €3.8m | €2.1m | €1.1m | ▼ 48.7% |
| Amounts payable within one year42/48 | €2.3m | €0.4m | €21.8m | €0.6m | €0.4m | €12.9m | €5.9m | €0.8m | ▼ 86.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.4m | €0.7m | €0.4m | ▼ 43.4% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €10.0m | €5.0m | - | - |
| Credit institutions430/8 | - | - | - | - | - | €10.0m | €5.0m | - | - |
| Other loans439 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Trade debts44 | €0.9m | €0.2m | €0.2m | €0.1m | €0.08m | €1.4m | €0.1m | €0.2m | ▲ 76.2% |
| Suppliers440/4 | - | - | - | €0.1m | €0.08m | €1.4m | €0.1m | €0.2m | ▲ 76.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.1m | €0.9m | €0.1m | €0.2m | ▲ 77.9% |
| Taxes450/3 | - | - | - | €0.006m | €0.06m | €0.8m | €0.07m | €0.1m | ▲ 83.1% |
| Remuneration and social security454/9 | - | - | - | €0.08m | €0.08m | €0.1m | €0.05m | €0.09m | ▲ 70.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.002m | €0.2m | - | €0.04m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.02m | €0.6m | €0.2m | €0.1m | ▼ 28.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €16.5m | €16.1m | €42.2m | €43.7m | €21.4m | €48.8m | €7.4m | ▼ 84.8% |
| + Depreciation and write-downs630 | €1.6m | €1.7m | €1.8m | €1.2m | €0.8m | €0.9m | €1.1m | €1.1m | ▼ 2.4% |
| Operating cash flow (approximation) | €3.2m | €18.3m | €17.9m | €43.3m | €44.5m | €22.3m | €49.9m | €8.5m | ▼ 82.9% |
| Investment in fixed assets (approximation) | - | -€5.7m | -€31.7m | -€23.0m | -€48.9m | -€32.1m | -€42.8m | -€2.2m | ▲ 94.9% |
| Change in cash | - | €3.3m | €2.7m | €5.7m | -€8.9m | -€5.9m | -€1.3m | €100 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 75 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-06-2026 | 2026-00151801 | |
| 31-12-2024 | full format | 10-06-2025 | 2025-00134036 | |
| 31-12-2023 | full format | 01-07-2024 | 2024-00208753 | |
| 31-12-2023 | consolidated | 01-07-2024 | 2024-00209056 | |
| 31-12-2022 | consolidated | 08-06-2023 | 2023-00123390 | |
| 31-12-2022 | full format | 08-06-2023 | 2023-00123535 | |
| 31-12-2021 | consolidated | 23-06-2022 | 2022-20085961 | |
| 31-12-2021 | full format | 22-06-2022 | 2022-20085574 | |
| 31-12-2020 | consolidated | 24-06-2021 | 2021-24300276 | |
| 31-12-2020 | full format | 23-06-2021 | 2021-23700546 |
Board & ownership
Directors
Directors
6 directors, 1 in day-to-day management, last change in 2026
Board 6
Econoshock Beheer BV
Current
Director · appointed in the act of 09-08-2023 · 3-year term from 2026 · Legal entity · permanent representative: Geert Noels
FOXFIN BV
Current
Director · appointed in the act of 13-08-2026 · 3-year term from 2026 · Legal entity · permanent representative: Barbara De Saedeleer
Jan Toye
Current
Director · in office according to the act of 13-08-2026 · 3-year term from 2026
Katrien Delhuvenne
Current
Director · in office according to the act of 13-08-2026 · 3-year term from 2026
Matthias Toye
Current
Director · in office according to the act of 13-08-2026 · 3-year term from 2026
Stand in BV
Current
Director · in office according to the act of 13-08-2026 · 3-year term from 2026 · Legal entity · permanent representative: Bart Van Muylder
Day-to-day management 1
Stand in BV
Current
Managing director · in office according to the act of 13-08-2026 · 3-year term from 2026 · Legal entity · permanent representative: Bart Van Muylder
Permanent representatives 3
Geert Noels
Current
Permanent representative · appointed in the act of 09-08-2023 · for Econoshock Beheer BV
Barbara De Saedeleer
Current
Permanent representative · appointed in the act of 13-08-2026 · for FOXFIN BV
Bart Van Muylder
Current
Permanent representative · in office according to the act of 13-08-2026 · for Stand in BV
Statutory auditor 1
BV MOORE AUDIT
Current
Auditor · appointed in the act of 09-08-2023 · 3-year term from 2026
Owners and capital
Shareholders
2 ownersOwners 2
- Sourceaccounts DIEPHOLD 2025Equity €211.6m Loss of €43,771 in 2025 (loss of €37,778 in 2024) Checked score 8750%
- Sourceaccounts STEYNHOLD 2025Equity €211.6m Loss of €43,330 in 2025 (loss of €37,778 in 2024) Checked score 8750%
Capital transactions
Capital over time
- 13-11-2024 Capital stated in the deed · €31,705,374.79 · 23,204 shares
Mandate history
9 people, 7 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Econoshock Beheer BV |
|
| FOXFIN BV |
|
| Jan Toye |
|
| Katrien Delhuvenne |
|
| Matthias Toye |
|
| Stand in BV |
|
| BV MOORE AUDIT |
|
| Jan Vandenwyngaerden BV |
|
| GV CAVOK BV |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “6, collegiaal bestuursorgaan”
Articles of association, deed of 13-11-2024 (in Dutch)
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Bencis Buy Out Fund V Intermediate 1 BVNLEquity €9.2mResult €15.7m31.32%
- Equity €7.9m Loss of €1.6m in 2025 (loss of €2.0m in 2024) Checked score 9225%
- Equity €10.8m Profit of €2.8m in 2025 (profit of €3.8m in 2024) Checked score 9617.65%
Former holdings (2)
-
100%
-
100%
Acquisitions and mergers
2 transactionsTook over:FLANDERS BUILDING
Took over:EUPRAXIS
Companies at the same address
4 other companiesConnections & network
6 current directorsThe network starts from the directors of DIEPENSTEYN. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
13-08
Gazette deed
1 director appointed, 1 director resigning, 6 reappointedResignation: Jan Vandenwyngaerden BV (director) · Permanent representatives: Jan Vandenwyngaerden, Bart Van Muylder and 4 others · Reappointments: Jan Toye, Katrien Delhuvenne and 4 others17 points ▸
Gazette deed
1 director appointed, 1 director resigning, 6 reappointed
Resignation: Jan Vandenwyngaerden BV (director) · Permanent representatives: Jan Vandenwyngaerden, Bart Van Muylder and 4 others · Reappointments: Jan Toye, Katrien Delhuvenne and 4 others17 points ▸
- General meeting, 27-05-2026
- Director resignation, Jan Vandenwyngaerden BV (director)
- Permanent representative, Jan Vandenwyngaerden
- Director reappointment, Jan Toye (director)
- Director reappointment, Katrien Delhuvenne (director)
- Director reappointment, Matthias Toye (director)
- Director reappointment, Stand In BV (director)
- Permanent representative, Bart Van Muylder (permanent vertegenwoordiger)
- Director reappointment, Econoshock Beheer BV (director)
- Permanent representative, Geert Noels (permanent vertegenwoordiger)
- Director appointment, Foxfin BV (director)
- Permanent representative, Barbara De Saedeleer (permanent vertegenwoordiger)
- The act holds 5 more points.
09-06
full format · 52 days before the deadline
2025
31-12
Financial
Liquidity more than 7 timescurrent ratio 20.41
The current ratio rises from 2.74 to 20.41. Short-term debt falls from €5.9m to €797,577.
10-06
full format · 51 days before the deadline
06-01
Gazette deed
Merger: DIEPENSTEYN takes over FLANDERS BUILDINGShareholding · Dissolution · Approval15 points ▸
Gazette deed
Merger: DIEPENSTEYN takes over FLANDERS BUILDING
Shareholding · Dissolution · Approval15 points ▸
- General meeting, 19-12-2054
- The company holds all the shares of FLANDERS BUILDING
- Other provision, “fusieformaliteiten mededeling en inzage, artikel 12:51 § 1 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “geen nieuwe aandelen en geen kapitaalverhoging, overnemende vennootschap enige aandeelhouder over te nemen vennootschap” (deed in Dutch)
- Dissolution, “met fusie door overneming gelijkgestelde verrichting door DIEPENSTEYN”, merger (deed in Dutch)
- Approval, “fusievoorstel, Eerste Beslissing” (deed in Dutch)
- Merger, “met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), overeenstemmende beslissingen in betrokken vennootschappen” (deed in Dutch)
- Accounting effect, 01-01-2024
- Real estate, “onroerende goederen, beschrijving,oorsprong van eigendom,voorwaarden voor overdracht en bijzondere voorwaarden hierna beschreven” (deed in Dutch)
- Approval, “jaarrekening overgenomen vennootschap, tussen datum jaarafsluiting laatste goedgekeurd boekjaar en datum vanaf wanneer handelingen geacht verricht” (deed in Dutch)
- Other provision, “artikel 12:55 Wetboek van vennootschappen en verenigingen, voorwerp” (deed in Dutch)
- Other provision, “coördinatie van de statuten, opmaken en ondertekenen door ondergetekende notaris” (deed in Dutch)
- The act holds 3 more points.
2024
31-12
Financial
Highest result from 2018 to 2025net €48.8m ▲128%
The net result of €48.8m is the highest of those years.
13-11
Gazette deed
Merger proposal: Diepensteyn NV takes over Flanders Building NVPermanent representative: Bart Van Muylder · Amendment of the articles · Registered-office move25 points ▸
Gazette deed
Merger proposal: Diepensteyn NV takes over Flanders Building NV
Permanent representative: Bart Van Muylder · Amendment of the articles · Registered-office move25 points ▸
- Merger, “fusie door overneming, in gemeen overleg” (deed in Dutch)
- Other provision, “overnemende vennootschap, deelnemende overnemende vennootschap” (deed in Dutch)
- Other provision, 01-02-1952
- Amendment of the articles
- Other provision, 09-12-2022
- Registered-office move, Diepensteyn 1 te 1840 Londerzeel
- Capital, €31,705,374.79
- Board composition, Jan Toye (bestuurder categorie a en voorzitter raad van bestuur)
- Board composition, Katrien Delhuvenne (class B director)
- Board composition, Matthias Toye (class B director)
- Board composition, Econoshock Beheer NV (bestuurder categorie c)
- Board composition, Jan Vandenwyngaerden BV (bestuurder categorie c)
- The act holds 13 more points.
01-07
full format · 30 days before the deadline
01-07
2023
09-08
Gazette deed
1 director appointed, 1 director resigningResignation: GV Cavok BV (director) · Permanent representatives: Geert Noels, Jan De Bom Van Driessche and Carmen Van Camp · Appointment: Econoshock Beheer BV (director)8 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: GV Cavok BV (director) · Permanent representatives: Geert Noels, Jan De Bom Van Driessche and Carmen Van Camp · Appointment: Econoshock Beheer BV (director)8 points ▸
- General meeting, 31-05-2023
- Director resignation, GV Cavok BV (director)
- Permanent representative, Geert Noels (permanent vertegenwoordiger), mentioned 2 times in the deed
- Director appointment, Econoshock Beheer BV (director)
- Auditor reappointment, Moore Audit BV (statutory auditor)
- Permanent representative, Jan De Bom Van Driessche
- Permanent representative, Carmen Van Camp
- Director in office, Stand In BV (managing director)
08-06
53 days before the deadline
08-06
full format
Show earlier events
2022
30-12
Gazette deed
Merger: DIEPENSTEYN takes over EUPRAXISShareholding · Approval · Accounting effect13 points ▸
Gazette deed
Merger: DIEPENSTEYN takes over EUPRAXIS
Shareholding · Approval · Accounting effect13 points ▸
- General meeting, 09-12-2022
- The company holds all the shares of EUPRAXIS
- Merger, “met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), artikel 12:7 en 12:50 en volgende Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “formaliteiten fusie, artikel 12:51 §1 en §2 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “geen nieuwe aandelen en geen kapitaalverhoging, geen toekenning van aandelen, overnemende vennootschap enige aandeelhouder en alle aandelen in bezit overnemende…” (deed in Dutch)
- Approval, “goedkeuring fusievoorstel, 1. Eerste Beslissing - Fusievoorstel” (deed in Dutch)
- Merger, “fusie door overneming, 2. Tweede Beslissing - Fusie en 3. Derde Beslissing - Vaststelling daadwerkelijke verwezenlijking” (deed in Dutch)
- Accounting effect, 01-01-2022
- Real estate, EUPRAXIS
- Approval, “goedkeuring jaarrekening overgenomen vennootschap, 4. Vierde Beslissing - Goedkeuring jaarrekening” (deed in Dutch)
- Other provision, “uitoefening mandaat, kwijting bestuurders EUPRAXIS” (deed in Dutch)
- Other provision, “geen wijzigingen aan voorwerp naar aanleiding van fusie, 6. Zesde beslissing - Voorwerp” (deed in Dutch)
- The act holds 1 more point.
29-09
Gazette deed
Merger proposal: DIEPENSTEYN NV takes over Eupraxis BVPermanent representative: Bart Van Muylder · Capital · Registered office clause24 points ▸
Gazette deed
Merger proposal: DIEPENSTEYN NV takes over Eupraxis BV
Permanent representative: Bart Van Muylder · Capital · Registered office clause24 points ▸
- Merger, “fusie door overneming, gehele vermogen zowel activa als passiva rechten en verplichtingen gaat van rechtswege en gelijktijdig over door ontbinding zonder vereff…” (deed in Dutch)
- Other provision, “WWV, procedure gelijkgestelde verrichtingen” (deed in Dutch)
- Board composition, Jan Toye (director)
- Board composition, Stand IN BV (director)
- Board composition, Phillp Van Damme (director)
- Board composition, Geert Van de Voorde (director)
- Permanent representative, Bart Van Muylder
- Capital, €1,000,000
- Registered office clause, “Diepensteyn 1 te 1840 Londerzeel, college van bestuurders” (deed in Dutch)
- The company holds all the shares of Eupraxis BV
- Other provision, “geen creatie van nieuwe aandelen door fusie, boekwaarde van de deelneming wordt vervangen door overeenstemmend aandeel in activa en passiva van de overgenomen v…” (deed in Dutch)
- Accounting effect, 01-01-2022
- The act holds 12 more points.
23-06
22-06
full format · 39 days before the deadline
2021
2019
31-12
Financial
Liquidity more than 8 timescurrent ratio 67.33
The current ratio rises from 7.75 to 67.33. Short-term debt falls from €2.3m to €385,940.
31-12
Financial
Equity above €250mequity €261.9m ▲6.7%
With a profit in every financial year since 2018, equity grows to €261.9m.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DIEPENSTEYN in Dutch
Enterprise number
0403.783.779
LEI code
549300C8L5WSUGWRTX68
live in the LEI register
Legal form
Public limited company
Status
Active, normale toestand
Founded
07-01-1965
Entity type
Legal entity
Registered office and establishments
Registered office
Diepensteyn 1, 1840 Londerzeel, Belgium
Establishment unit
Diepensteyn 1, 1840 Londerzeel since 01-12-1982 · unit number 2.105.498.82601430 Raising of horses and other equines
Phone
052317417Londerzeel
Fax
000000000Londerzeel
Activities
NACEBEL 2025VAT activities
70200
Business and other management consultancy main activity
10890
Manufacture of food products
68203
Renting and operating of own or leased non-residential real estate, excluding land
Social security (RSZ) activities
01430
Raising of horses and other equines main activity
Codes under NACEBEL 2008
VAT activities
70220
Business consulting main activity
10890
Manufacture of food products
68203
Real estate rental
Social security (RSZ) activities
01430
Crop and animal production, hunting and related service activities main activity
Codes under NACEBEL 2003
15890
70203
74142
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
144 Paritair Comité voor de landbouw annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-11-2024 (in Dutch)
“De productie van en de handel in allerlei bieren,dranken,mout,voedingsproducten en aanverwante artikelen; De aankoop,de oprichting,de…”
7 activities
- De productie van en de handel in allerlei bieren,dranken,mout,voedingsproducten en aanverwante artikelen;
- De aankoop,de oprichting,de verbouwing,de verkoop,de huur en onderhuur,de erfpacht,de concessie en exploitatie,onder gelijk welke vorm,van alle handelsfondsen en van alle roerende en onroerende goederen en rechten;
- De financierings- en kredietverrichtingen van alle aard en onder iedere vorm en onder meer het toestaan van leningen op afbetaling aan handelaars voor beroepsdoeleinden,met of zonder persoonlijke of zakelijke waarborg,hetzij door inschrijving op het handelsfonds,hetzij op gelijk welke andere toegelaten wijze;
- Alle verrichtingen van aval en borgtocht; de wisselcommissie- en makelaarstransacties;
- Het verwerven,besturen en valoriseren van alle deelnemingen onder gelijk welke vorm,in alle Belgische of vreemde vennootschappen of ondernemingen;
- Het nemen en uitbaten van licenties,brevetten en merken;
- Het verrichten van landbouwactiviteiten van alle aard en onder iedere vorm en onder meer de paardenhouderij,het kopen en verkopen van paarden,het telen en oogsten van diverse gewassen en het verrichten van alle koop- en verkoophandelingen van goederen en diensten die hieraan verbonden zijn.
Invoicing and payment
VAT number
BE 0403.783.779
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteLonderzeelunit number 2.105.498.826
Environmental permits
3 applications in Flanders since 2019 · 1 granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
2.4 ha
Building footprint
618 m²
Building volume
4,670 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23080A0608/00W000 | Flanders | 2.4 ha | 1 · 618 m² | 13.8 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.