DIFEX
ActiveSummary
DIFEX has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,186 and a net result of €6,952. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 91% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency100▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 11.28 against 2.85 in 2024; short-term debt: 8.7% and cash: 48.4% of total assets), and 8.7% 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2025Solvency, return and age of the figures
Solvency
91.3%
Return on assets
6.8%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
9 d early
2023
30 d late
2022
60 d late
2021
61 d late
2020
24 d late
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€93,186▲ 8.1%
2024 · €86,234
Total assets
€102,029▼ 22.0%
2024 · €130,804
Net result
€6,952▲ 51.8%
2024 · €4,580
Working capital
€90,954▲ 10.4%
2024 · €82,406
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€8,295▼ 25.1%€5,274▼ 36.4%€4,312▼ 18.2%€5,341▲ 23.9%€8,725▲ 63.4%
Net result€4,813within the sector's middle half▼ 46.0%€3,565within the sector's middle half▼ 25.9%€3,205within the sector's middle half▼ 10.1%€4,580within the sector's middle half▲ 42.9%€6,952within the sector's middle half▲ 51.8%
Equity€110,776within the sector's middle half▲ 4.5%€114,340within the sector's middle half▲ 3.2%€117,545within the sector's middle half▲ 2.8%€86,234within the sector's middle half▼ 26.6%€93,186within the sector's middle half▲ 8.1%
Total assets€120,625within the sector's middle half▲ 3.4%€123,990within the sector's middle half▲ 2.8%€128,249within the sector's middle half▲ 3.4%€130,804within the sector's middle half▲ 2.0%€102,029within the sector's middle half▼ 22.0%
Debt€9,849▼ 7.6%€9,650▼ 2.0%€10,703▲ 10.9%€44,570▲ 316%€8,843▼ 80.2%
Working capital€101,841▲ 0.7%€107,561▲ 5.6%€112,921▲ 5.0%€82,406▼ 27.0%€90,954▲ 10.4%
Solvency91.8%above the sector's middle half▲ 1.0pp92.2%above the sector's middle half▲ 0.4pp91.7%above the sector's middle half▼ 0.6pp65.9%within the sector's middle half▼ 25.7pp91.3%above the sector's middle half▲ 25.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 63% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,029
Fixed assets
€2,231 ▼ 41.7%
Current assets
€99,798 ▼ 21.4%
Equity and liabilities €102,029
Equity
€93,186 ▲ 8.1%
Debt
€8,843 ▼ 80.2%
Debt's share of the balance-sheet total falls from 34.1% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,007▲
2024 · €7,820
Cash flow
€9,234▲
2024 · €7,059
Current ratio
11.28▲
2024 · 2.85
Debt to equity
0.09▼
2024 · 0.52
ROE
7.5%▲
2024 · 5.3%
ROA
6.8%▲
2024 · 3.5%
Interest coverage
107.43▲
2024 · 47.10
Debt ≤ 1 year
€8,843▼
2024 · €44,570
Income taxes
€2,653▲
2024 · €1,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,365 | €2,155 | €2,155 | €2,479 | €2,282 | ▼ 8.0% |
| Other operating charges640/8 | €1,094 | €1,128 | €1,198 | €387 | €425 | ▲ 9.7% |
| Non-recurring operating charges66A | €62 | €53 | €159 | - | - | - |
| Gross operating margin9900 | €10,815 | €8,611 | €7,825 | €8,207 | €11,432 | ▲ 39.3% |
| Operating profit (loss)9901 | €8,295 | €5,274 | €4,312 | €5,341 | €8,725 | ▲ 63.4% |
| Financial income75/76B | €358 | €709 | €825 | €1,400 | €982 | ▼ 29.8% |
| Recurring financial income75 | €358 | €709 | €825 | €1,400 | €982 | ▼ 29.8% |
| Financial charges65/66B | €139 | €97 | €93 | €166 | €102 | ▼ 38.3% |
| Recurring financial charges65 | €139 | €97 | €93 | €166 | €102 | ▼ 38.3% |
| Profit (loss) for the period before taxes9903 | €8,514 | €5,885 | €5,044 | €6,575 | €9,605 | ▲ 46.1% |
| Income taxes67/77 | €3,702 | €2,321 | €1,838 | €1,995 | €2,653 | ▲ 33.0% |
| Profit (loss) for the period9904 | €4,813 | €3,565 | €3,205 | €4,580 | €6,952 | ▲ 51.8% |
| Transfer from tax-exempt reserves789 | €4,749 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €9,562 | €3,565 | €3,205 | €4,580 | €6,952 | ▲ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,625 | €123,990 | €128,249 | €130,804 | €102,029 | ▼ 22.0% |
| Fixed assets21/28 | €8,935 | €6,779 | €4,624 | €3,828 | €2,231 | ▼ 41.7% |
| Tangible fixed assets22/27 | €8,935 | €6,779 | €4,624 | €3,828 | €2,231 | ▼ 41.7% |
| Plant, machinery and equipment23 | - | - | - | €767 | €603 | ▼ 21.4% |
| Furniture and vehicles24 | €4,569 | €3,334 | €2,098 | €1,456 | €943 | ▼ 35.2% |
| Other tangible fixed assets26 | €4,366 | €3,446 | €2,526 | €1,606 | €686 | ▼ 57.3% |
| Current assets29/58 | €111,690 | €117,211 | €123,625 | €126,976 | €99,798 | ▼ 21.4% |
| Amounts receivable within one year40/41 | €33,406 | €51,088 | €46,530 | €47,714 | €49,881 | ▲ 4.5% |
| Trade receivables40 | €24,200 | €36,300 | €24,851 | €24,200 | €49,400 | ▲ 104% |
| Other amounts receivable41 | €9,206 | €14,788 | €21,679 | €23,514 | €481 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €77,124 | €64,543 | €76,270 | €77,937 | €49,364 | ▼ 36.7% |
| Deferred charges and accrued income490/1 | €1,159 | €1,580 | €825 | €1,325 | €552 | ▼ 58.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,625 | €123,990 | €128,249 | €130,804 | €102,029 | ▼ 22.0% |
| Equity10/15 | €110,776 | €114,340 | €117,545 | €86,234 | €93,186 | ▲ 8.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €92,176 | €95,740 | €98,945 | €67,634 | €74,586 | ▲ 10.3% |
| Non-distributable reserves130/1 | €56,223 | €59,787 | €61,132 | €29,821 | €36,773 | ▲ 23.3% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | €54,363 | €57,927 | €61,132 | €29,821 | €36,773 | ▲ 23.3% |
| Distributable reserves133 | €35,953 | €35,953 | €37,813 | €37,813 | €37,813 | = |
| Amounts payable17/49 | €9,849 | €9,650 | €10,703 | €44,570 | €8,843 | ▼ 80.2% |
| Amounts payable within one year42/48 | €9,849 | €9,650 | €10,703 | €44,570 | €8,843 | ▼ 80.2% |
| Trade debts44 | €1,057 | €774 | €214 | €110 | €65 | ▼ 40.7% |
| Suppliers440/4 | €1,057 | €774 | €214 | €110 | €65 | ▼ 40.7% |
| Taxes, remuneration and social security45 | €8,792 | €8,876 | €10,489 | €8,569 | €7,978 | ▼ 6.9% |
| Taxes450/3 | €8,792 | €8,876 | €10,489 | €8,569 | €7,978 | ▼ 6.9% |
| Other amounts payable47/48 | - | - | - | €35,892 | €800 | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,813 | €3,565 | €3,205 | €4,580 | €6,952 | ▲ 51.8% |
| + Depreciation and write-downs630 | €1,365 | €2,155 | €2,155 | €2,479 | €2,282 | ▼ 8.0% |
| Operating cash flow (approximation) | €6,178 | €5,720 | €5,361 | €7,059 | €9,234 | ▲ 30.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,683 | -€685 | ▲ 59.3% |
| Change in cash | - | -€12,581 | €11,727 | €1,667 | -€28,573 | ▼ 1,814% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 11.28
Current ratio from 2.85 to 11.28; short-term debt falls from €44,570 to €8,843.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €8,909
Net result €8,909 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €105,963 ▲9.2%
Equity rises from €97,054 to €105,963.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,436
Net result drops to -€6,436, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kapelle-op-den-Bos · 1 establishment unit since 1993
Ground area
3,404 m²
Building footprint
212 m²
Volume, LiDAR
1,299 m³
Parcel 23056A0159/00F002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Molenstraat 78, 1880 Kapelle-op-den-Bos
since 19932.062.317.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056A0159/00F002 | Flanders | 3,404 m² | 1 · 212 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,570. 1,973 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
Founded14-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450113058
Also
9925:BE0450113058
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.