Equity
€338,167 from €645,258 in 2023
Equity fell by 48% in 3 years.
DIVINOR
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2004peak €350,073 (2016)
€154,970▲ 36.2%
lowest -€290,141 (2007)
€36,819▲ €110,944
peak €645,258 (2023)
€338,167▲ 12.2%
€252,288▼ 29.8%
peak 6.4 FTE (2007)
-not published
Board2 names since 2020
2 directorsPaul Caeyers and 1 other
Documentsfilings and deeds
29-10-20262 days before the deadline
2026financial year
Gross margin from €113,818 to €154,970Back to profit: €36,819Reappointments: Paul Caeyers (managing director) and René Cae… 09-11Equity from €301,348 to €338,167Debts from €359,632 to €252,288
Key points
from the 2026 annual accountsChecked score
95
Excellent
Financially stronger than 57% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 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 01-2025
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 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.2 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.24, cash €19,640
lowers risk
Size: total assets €590,455
Founded in 2003
Figures for financial year 2026 (filed on 30-10-2026)
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 46, micro). It does better than 64% of them on solvency, 31% on liquidity, 66% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as DIVINOR has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of DIVINOR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 20,137 companies, not a prediction for DIVINOR. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.24 (0.24 in 2025), below 1. Short-term debt is 42.7% and cash 3.3% of total assets. 42.7% of the assets are financed with debt and provisions.
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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 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
38 days early
2024
6 days early
2023
14 days early
2022
26 days early
2021
10 days early
2020
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 17 October (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
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Reappointments: Paul Caeyers (managing director) and René Caeyers (managing director)
General meeting of 30-09-2026 · Gazette deed
Capital decrease of €400,000
Gazette deed
Reappointments: René Caeyers (managing director) and Paul Caeyers (managing director)
General meeting of 30-09-2020 · Gazette deed
First establishment
Boomsesteenweg 440, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DIVINOR Antwerp | €590,455 | €154,970 | 57.3% | - |
| HENDRICKX Zandhoven | €664,577 | €142,821 | 61.6% | - |
| GEO - BENELUX Turnhout | €524,307 | €169,974 | 51.5% | - |
| SILVER ROSE Antwerp | €668,885 | €296,334 | 39.0% | 7.9 |
| GIANFRANCO MAZURRI Woluwe-Saint-Pierre | €645,025 | €126,222 | 85.1% | - |
| AN LEMMENS Welkenraedt | €496,879 | €158,212 | 70.5% | - |
| Isabelle LEBLANS La Hulpe | €717,749 | €76,089 | 38.7% | - |
These companies have the same main activity as DIVINOR: wholesale trade (NACE 46480). They are comparable in size and age: total assets between €497,000 and €718,000, founded between 1998 and 2007.
Official details
Source: KBO- Status
- Active since 24-02-2003Normal situation
- Activity
- Wholesale tradeNACE 46480
- Establishment unit
- 2.126.588.4082610 Antwerp, since 04-04-2003
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- ≈ €790,000estimated
- €590,455▼ 10.7%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on DIVINOR
DIVINOR has existed since 2003. In 2016 the gross margin rose from €147,399 to €350,073.
Solvency rose in 2026 from 45.6% to 57.3% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DIVINOR
- What is the company number of DIVINOR?
- The company number of DIVINOR is 0479.629.762. The VAT number is the same number with BE in front: BE 0479.629.762.
- Where is DIVINOR based?
- The registered office is at Boomsesteenweg 440, 2610 Antwerp.Company details
- What does DIVINOR do?
- According to the KBO register, the main activity is wholesale trade (NACE 46480).
- What is the legal form of DIVINOR?
- DIVINOR is a public limited company (NV).
- When was DIVINOR founded?
- DIVINOR was founded on 24-02-2003.
- Is DIVINOR still active?
- Yes, DIVINOR is an active enterprise in the KBO register.
- What is the turnover of DIVINOR?
- The turnover in financial year 2026 is ≈ €790,000. This figure is estimated from the gross margin of €154,970 and 102 comparable companies (NACE 46). It probably lies between €370,000 and €1.4m.Financials
- Is DIVINOR profitable?
- In financial year 2026, DIVINOR made a profit of €36,819.
- Where can I find the annual accounts of DIVINOR?
- DIVINOR filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of DIVINOR due?
- DIVINOR must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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