DIPHANO
ActiveSummary
DIPHANO has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of €3.2m. Equity has been growing by about 29% per year since 2021. Its solvency ranks better than 82% of 152 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-09-2020 Normal situation
- Activity
- Manufacture of furniture NACE 31009and 2 others
- Joint committee
- 126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 2025
- Establishment unit
- 2.307.176.573 8540 Deerlijk, since 10-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 20-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Turnover
- €2.0m
- ▼ 43.9%
- Operating revenue
- €7.7m
- ▲ 112%
- Profit
- €3.2m
- Equity
- €5.4m
- ▲ 145%
- Total assets
- €7.0m
- ▲ 62.1%
- Employees on 31-12-2025
- 3
- ▲ 50.0%
Score breakdownraises risk1 change of registered office in 24 monthsFounded in 2020Liquidity: current ratio 6.29, cash €175,890lowers riskFigures for financial year 2025 (filed on 20-07-2026)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 31, micro). It does better than 91% of them on solvency, 46% on liquidity, 95% on profitability and 53% on growth.
The bankruptcy probability was computed on 04-11-2026 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
The company filed its last 5 accounts on average 18 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a profit of €4.0m, after a loss of €718,425 in 2024. It is the highest result since 2021.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 7 | 6 | 2 | 3 |
| full-time | 8 | 7 | 6 | 2 | 2 |
| part-time | - | - | - | - | 1 |
| in full-time equivalents | 8 | 7 | 6 | 2 | 2.9 |
| Average over the year, in full-time equivalents | 8.3 | 8.8 | 6.8 | 3.5 | 1.5 |
| On a permanent contract | 8 | 7 | 6 | 2 | 3 |
| Joined | 11 | 3 | 1 | 2 | 2 |
| Left | 3 | 4 | 2 | 6 | 1 |
| Agency workers, average number | - | 0.5 | 1.2 | 0.1 | - |
| Training hours | - | - | 12 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.0m | €1.7m | €1.2m | €1.3m | €21,118 |
| Pledge on the business | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.7m | €100,137 | €19,280 | €1,075 | €4,273 |
| Intangible fixed assets | €117,720 | - | - | - | €3,403 |
| Depreciation and write-downs of the year | €259,486 | €221,683 | €222,451 | €172,660 | €97,639 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €10,000 awarded · €10,104 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €5,000 | €5,000 |
| 2023 | 1 | €0 | €104 |
| 2022 | 1 | €5,000 | €5,000 |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.1m | €9.0m | €5.8m | €3.6m | €7.7m | ▲ 112% |
| Turnover70 | €7.1m | €9.0m | €5.8m | €3.6m | €2.0m | ▼ 43.9% |
| Other operating income74 | €0.007m | €0.02m | €0.03m | €0.01m | €5.6m | ▲ 453× |
| Operating charges60/66A | €6.5m | €7.9m | €5.2m | €4.3m | €3.6m | ▼ 16.3% |
| Goods for resale, raw materials and consumables60 | €2.7m | €3.5m | €2.1m | €2.1m | €1.0m | ▼ 52.0% |
| Purchases600/8 | €3.3m | €5.6m | €2.2m | €1.2m | €0.3m | ▼ 77.8% |
| Change in stocks: decrease (increase)609 | -€0.6m | -€2.1m | -€0.1m | €1.0m | €0.8m | ▼ 21.2% |
| Services and other goods61 | €2.6m | €3.3m | €1.6m | €1.5m | €1.9m | ▲ 28.5% |
| Remuneration, social security and pensions62 | €0.6m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.3m | €0.2m | €0.8m | €0.2m | €0.4m | ▲ 127% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0.06m | -€0.06m | - | - | - |
| Other operating charges640/8 | €0.009m | €0.04m | €0.04m | €0.04m | €0.05m | ▲ 35.6% |
| Operating profit (loss)9901 | €0.6m | €1.1m | €0.7m | -€0.7m | €4.0m | - |
| Financial income75/76B | €0.09m | €0.4m | €0.08m | €0.04m | €0.07m | ▲ 70.1% |
| Recurring financial income75 | €0.09m | €0.4m | €0.08m | €0.04m | €0.07m | ▲ 70.1% |
| Other financial income752/9 | €0.09m | €0.4m | €0.08m | €0.04m | €0.07m | ▲ 70.1% |
| Financial charges65/66B | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 50.9% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 50.9% |
| Debt charges650 | €0.05m | €0.07m | €0.2m | €0.2m | €0.09m | ▼ 48.5% |
| Other financial charges652/9 | €0.06m | €0.09m | €0.1m | €0.04m | €0.02m | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €0.6m | €1.3m | €0.5m | -€0.9m | €4.0m | - |
| Income taxes67/77 | €0.1m | €0.3m | €0.1m | €0.001m | €0.8m | ▲ 1,278× |
| Taxes670/3 | €0.1m | €0.3m | €0.1m | €0.001m | €0.8m | ▲ 1,278× |
| Profit (loss) for the period9904 | €0.4m | €1.0m | €0.4m | -€0.9m | €3.2m | - |
| Transfer from tax-exempt reserves789 | - | - | €0.1m | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.0m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €1.0m | €0.5m | -€0.9m | €2.2m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €7.4m | €6.4m | €4.3m | €7.0m | ▲ 62.1% |
| Fixed assets21/28 | €0.7m | €0.6m | €0.4m | €0.2m | €0.2m | ▼ 36.2% |
| Intangible fixed assets21 | €0.05m | €0.02m | €0.002m | €0.001m | €0.003m | ▲ 426% |
| Tangible fixed assets22/27 | €0.7m | €0.6m | €0.4m | €0.2m | €0.2m | ▼ 37.4% |
| Plant, machinery and equipment23 | €0.04m | €0.07m | €0.05m | €0.03m | €0.02m | ▼ 44.1% |
| Furniture and vehicles24 | €0.007m | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 25.3% |
| Other tangible fixed assets26 | €0.7m | €0.5m | €0.3m | €0.2m | €0.1m | ▼ 37.9% |
| Current assets29/58 | €5.4m | €6.8m | €6.0m | €4.1m | €6.9m | ▲ 68.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €3.5m | - |
| Trade receivables290 | - | - | - | - | €2.2m | - |
| Other amounts receivable291 | - | - | - | - | €1.3m | - |
| Stocks and contracts in progress3 | €4.2m | €6.2m | €5.3m | €4.0m | €2.9m | ▼ 28.0% |
| Stocks30/36 | €4.2m | €6.2m | €5.3m | €4.0m | €2.9m | ▼ 28.0% |
| Raw materials and consumables30/31 | €0.07m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 9.3% |
| Goods purchased for resale34 | €3.5m | €5.4m | €4.7m | €3.6m | €2.4m | ▼ 32.1% |
| Advance payments36 | €0.6m | €0.6m | €0.4m | €0.3m | €0.3m | ▲ 15.3% |
| Amounts receivable within one year40/41 | €1.1m | €0.6m | €0.5m | €0.07m | €0.3m | ▲ 394% |
| Trade receivables40 | €0.9m | €0.3m | €0.4m | €0.05m | €0.3m | ▲ 414% |
| Other amounts receivable41 | €0.2m | €0.3m | €0.07m | €0.01m | €0.06m | ▲ 324% |
| Cash at bank and in hand54/58 | €0.07m | €0.02m | €0.2m | €0.03m | €0.2m | ▲ 518% |
| Deferred charges and accrued income490/1 | €0.02m | €0.007m | €0.007m | €0.007m | €0.007m | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €7.4m | €6.4m | €4.3m | €7.0m | ▲ 62.1% |
| Equity10/15 | €1.7m | €2.7m | €3.1m | €2.2m | €5.4m | ▲ 145% |
| Contributions10/11 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Reserves13 | €1.7m | €2.7m | €3.1m | €2.2m | €5.4m | ▲ 146% |
| Non-distributable reserves130/1 | €316 | €316 | €316 | €316 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €316 | €316 | €316 | €316 | €0 | ▼ 100% |
| Tax-exempt reserves132 | €0.1m | €0.1m | - | - | €1.0m | - |
| Distributable reserves133 | €1.6m | €2.6m | €3.1m | €2.2m | €4.4m | ▲ 100% |
| Provisions and deferred taxes16 | - | €0.06m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0.06m | - | - | - | - |
| Other liabilities and charges164/5 | - | €0.06m | - | - | - | - |
| Amounts payable17/49 | €4.4m | €4.6m | €3.3m | €2.1m | €1.6m | ▼ 23.6% |
| Amounts payable after more than one year17 | €0.6m | €1.1m | €0.04m | €0.02m | €0.006m | ▼ 71.0% |
| Financial debts170/4 | €0.6m | €0.08m | €0.04m | €0.02m | €0.006m | ▼ 71.0% |
| Credit institutions173 | €0.6m | €0.08m | €0.04m | €0.02m | €0.006m | ▼ 71.0% |
| Other amounts payable178/9 | - | €1.0m | - | - | - | - |
| Amounts payable within one year42/48 | €3.8m | €3.5m | €3.2m | €2.1m | €1.1m | ▼ 48.2% |
| Current portion of amounts payable after more than one year42 | €0.6m | €0.5m | €0.04m | €0.02m | €0.01m | ▼ 24.9% |
| Financial debts43 | €0.9m | €1.1m | €1.1m | €1.3m | €0 | ▼ 100% |
| Credit institutions430/8 | €0.9m | €1.1m | €1.1m | €1.3m | €0 | ▼ 100% |
| Trade debts44 | €0.9m | €1.3m | €0.5m | €0.3m | €0.003m | ▼ 99.2% |
| Suppliers440/4 | €0.9m | €1.3m | €0.5m | €0.3m | €0.003m | ▼ 99.2% |
| Advances received on contracts in progress46 | €0.8m | €0.3m | €0.4m | €0.06m | €0.3m | ▲ 319% |
| Taxes, remuneration and social security45 | €0.09m | €0.2m | €0.2m | €0.07m | €0.6m | ▲ 704% |
| Taxes450/3 | €0.02m | €0.07m | €0.09m | €0.04m | €0.6m | ▲ 14× |
| Remuneration and social security454/9 | €0.07m | €0.09m | €0.09m | €0.03m | €0.02m | ▼ 50.7% |
| Other amounts payable47/48 | €0.5m | €0.2m | €1.0m | €0.4m | €0.2m | ▼ 37.9% |
| Accrued charges and deferred income492/3 | €0.001m | €0.01m | €0.004m | €0.005m | €0.5m | ▲ 107× |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €1.0m | €0.4m | -€0.9m | €3.2m | - |
| + Depreciation and write-downs630 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 43.5% |
| Operating cash flow (approximation) | €0.7m | €1.2m | €0.6m | -€0.7m | €3.3m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.02m | -€0.001m | -€0.008m | ▼ 614% |
| Change in cash | - | -€0.05m | €0.1m | -€0.1m | €0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as DIPHANO has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DIPHANO itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for DIPHANO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 20-07-2026 | 2026-00311422 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00303849 | |
| 31-12-2023 | full format | 17-06-2024 | 2024-00135168 | |
| 31-12-2022 | full format | 06-07-2023 | 2023-00226568 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20236335 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
DIPHANO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DIPHANO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-02
Gazette deed
Registered office moved from Wortegem-Petegem to DeerlijkNew seat: Beverenstraat 13-17 te 8540 Deerlijk · Previous seat: Boskant 11 te 9790 Wortegem-Petegem2 points ▸
- Board meeting, 17-01-2025
- Registered-office move, Beverenstraat 13-17 te 8540 Deerlijk
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Boskant 11, 9790 Wortegem-Petegem until 17-01-2025 · act of 25-02-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34009A0094/00P007 | Flanders | 4,338 m² | 1 · 3,215 m² | 9.0 m · 2 |