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DISFRAIS

Active
Public limited companyfounded 1992active for 34 yearsEdingensesteenweg 196, 1500 Halle, BelgiumKBO/BCE: BE 0446.180.006
Summary

DISFRAIS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6.6m and a net result of €2.3m. Equity is growing by about 32% per year across the filed financial years. Its solvency ranks better than 95% of 276 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
#10 company by equity in Halle, Wholesale and retail trade sector1 site
Size
€4.2mturnover 2026
Staff
17.6 FTE
Equity
€6.6m
Profit
€2.3m
Turnover -61%: 9-month year
Financial health
94 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
COLIM · 100%
Board
5 members
Accounts 31 days early2 of 8 deeds read
Why 94raises risk2 changes of registered office in 24 monthslowers riskLiquidity: current ratio 17.88, cash €6.8mSize: turnover €4.2m, 17.6 FTE, total assets €6.9mFounded in 1992Show the evidence

Checked score

Score 2026
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 98% of its sector peers (NACE 47, small)
Financial strength · tick = 2025
Strong
Solvency 100=
equity 94.4% of total assets
Liquidity 100+5
short-term debt 5.6% · cash 97.3%
Profitability 100+13
return on assets 32.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,689 companies, NACE 47, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 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 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: 0.2%▲ +0.2 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025highest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €410,000 on 30-day terms is acceptable
Liquidity ample (current ratio 17.88, compared with 5.16 in 2025; short-term debt: 5.6% and cash: 97.3% of total assets), and 5.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 95% on solvency, 99% on liquidity and 98% on profitability.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 17.88, cash €6.8m
NBB · annual accounts
lowers risk · Size: turnover €4.2m, 17.6 FTE, total assets €6.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1992
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
31 days early
2025
9 days early
2024
20 days late
2023
1 day late
2022
27 days late
2021
24 days late
2020
26 days late
← 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 8 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Highest result from 2019 to 2026net €2.3m ▲120%
  3. Liquidity more than triplescurrent ratio 17.88

Key points

  • Result rose in 20269-month financial year ▲ 120% View
  • Positive: Among the best 5% on solvencysector median 36.3% · 276 companies 94.4% View
  • Board changedlatest change 31-10-2025 · 5 in office 5 joined · 2 left View
  • Positive: 8 profitable years in a rowprofit 2026: €2.3m 8 years View
  • Controlled by COLIMultimately: KORYS 100% View

By topic

Financials

Financial year
2026
Turnover
€4.2m
Profit
€2.3m
Solvency
94.4%
Turnover▼ 60.5%
Net result
20192026
Go to Financials

Board & ownership

Board
5 members
Parent
COLIM · 100%
  • Jo WillemynsDirector
  • Kris CasteleinDirector
  • Stefaan VandammeDirector
  • Stefan GoethaertDirector
  • VANBELLINGEN PeterDirector
Go to Board & ownership

Timeline

Events
42
Since
1994
  1. 31-03-2026Equity above €5m
  2. 22-01-2026Annual accounts filed
  3. 28-11-2025Resignations: Laurent Maréchal (director) and DISLUX (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Non-specialised retail sale with food, beverages or tobacco…NACE 47110
Founded
08-01-1992
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Annual meeting
Third Wednesday of September at 15:00
Purpose
A/ La constitution et la gestion d'un patrimoine immobilier ; toutes les opérations…
Go to Articles of association

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