DOECO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DOECO is 0.4% (very low). The 2023 annual accounts show equity of €15.64M and a net result of €-275k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 586 sector peers (fiscal year 2023). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Lower-risk legal form −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 586 peers (2023). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-02-2025, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	06-02-2025	190 d late	2025-00032272
31-12-2022	31-07-2023	11-10-2023	72 d late	2023-00484243
31-12-2021	31-07-2022	29-09-2022	60 d late	2022-20448160
31-12-2020	31-07-2021	29-07-2021	2 d early	2021-45600160
31-12-2019	31-07-2020	08-09-2020	39 d late	2020-52100215
31-12-2018	31-07-2019	09-10-2019	70 d late	2019-70100061
31-12-2017	31-07-2018	21-12-2018	143 d late	2018-75700017
31-12-2016	31-07-2017	27-09-2017	58 d late	2017-63300522
31-12-2015	31-07-2016	11-07-2016	20 d early	2016-30600601
31-12-2014	31-07-2015	21-08-2015	21 d late	2015-45800242

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1985, 41 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€3.11M-17.9%

EBIT margin-6.5%-6.5pp

Net result€-275k-190.3%

Working capital€4.07M-10.0%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 06-02-2025 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±0.6%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.9%	29.7%	better than 95% of 586 sector peers
Net result	€-275k	€38k	better than 12% of 585 sector peers
Equity	€15.64M	€481k	better than 92% of 586 sector peers
Staff costs	€795k	€506k	higher than 60% of 441 sector peers
Employees (FTE)	10.7	7.5	better than 56% of 388 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2023 · n=357-586

Net result P12

Stable position over 2020-2023 · n=357-585

Equity P92

Stable position over 2020-2023 · n=357-586

Staff costs P60

Stable position over 2021-2023 · n=288-441

Describes the position versus peers, not a forecast.

Revenue

€3.11M

-17.9% 18-23

EBITDA

€-167k

- 18-23

Net profit

€-275k

-190.3% 18-23

Cash flow

€-238k

-330.2% 18-23

Total assets

€17.20M

-5.1% 18-23

Equity

€15.64M

-1.7% 18-23

Working capital

€4.07M

-10.0% 18-23

Employees (FTE)

11

0.0% 18-23

Staff costs

€795k

-2.6% 18-23

Income taxes

€2k

-5.6% 18-23

Debt

€1.57M

-29.3% 18-23

Debt ≤ 1y

€1.23M

-28.9% 18-23

Debt > 1y

€342k

-30.7% 18-23

Current ratio

4.32

+19.2% 18-23

Quick ratio

3.93

+21.2% 18-23

Solvency

90.9%

+3.6% 18-23

Debt / equity

0.10

-28.0% 18-23

ROE

-1.8%

-195.4% 18-23

ROA

-1.6%

-205.9% 18-23

Net margin

-8.8%

-253.6% 18-23

EBITDA margin

-5.4%

- 18-23

Interest coverage

-3.70

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€3.11M
EBITDA	€-167k
Net profit	€-275k
Cash flow	€-238k
Staff costs	€795k
Income taxes	-
Dividends	-
Total assets	€17.20M
Equity	€15.64M
Debt	€1.57M
of which ≤ 1y	€1.23M
of which > 1y	€342k
Working capital	€4.07M
Employees (FTE)	10.7

Ratios (computed)

	2023
Current ratio	4.32
Quick ratio	3.93
Working capital ratio	23.6%
Solvency	90.9%
Debt / equity	0.10
Long-term debt ratio	0.02
Interest coverage	-3.70
Gross margin	31.6%
Net margin	-8.8%
ROA	-1.6%
ROE	-1.8%
EBITDA margin	-5.4%
Days sales outstanding	27d
Days payable outstanding	18d
Inventory turnover	4.52
Days inventory (DSI)	81d

Balance-sheet composition 2023

Assets

Fixed assets €11.91M · 69.2% Current assets €5.29M · 30.8%

Equity & liabilities

Equity €15.64M · 90.9% Debt €1.57M · 9.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€17.20M
Fixed assets	21/28	€11.91M
Intangible fixed assets	21	€1
Tangible fixed assets	22/27	€2.41M
Financial fixed assets	28	€9.50M
Current assets	29/58	€5.29M
Stocks & contracts in progress	3	€471k
Amounts receivable within one year	40/41	€276k
Investments	50/53	€4.14M
Cash & bank	54/58	€390k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€17.20M
Equity	10/15	€15.64M
Contributions / capital	10/11	€62k
Reserves	13	€4.15M
Accumulated profits (losses)	14	€11.43M
Amounts payable	17/49	€1.57M
Amounts payable after one year	17	€342k
Amounts payable within one year	42/48	€1.23M
Trade debts payable within one year	44	€107k
Income statement
Turnover	70	€3.11M
Operating result	9901	€-203k
Financial income	75	€20k
Financial charges	65	€91k
Result before taxes	9903	€-275k
Net result for the period	9904	€-275k
Result to be appropriated	9905	€-275k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

42 / 100 Weak

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Essensteenweg 412930 Brasschaat

Establishment units

1 location

Essensteenweg 41, 2930 Brasschaat

de groothandel in elektrische huishoudelijke apparaten

since 19952.026.608.330

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area8,556 m²

Buildings1

Building footprint3,448 m²

Volume (LiDAR)20,293 m³

Tallest building22.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11008B0079/00E000	Flanders	8,556 m²	1 · 3,448 m²	22.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles Statutes amendment·Laurent Liessens

Summary: De vennootschap heeft tot voorwerp het plegen van groothandel in keukenbenodigdheden, het verrichten van technische reparaties aan deze goederen, het waarnemen van agentschappen, het beheren van eigen…Notary: Laurent Liessens · Brasschaat

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

53 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 42

Profitability 0

Solvency 100

Growth 23

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 38 of the 680 companies in this sector. 5 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in niet-elektrische huishoudelijke artikelen46494Groothandel in niet-elektrische huishoudelijke artikelen46494Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur51430Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten51471

Primary activity highlighted.

Names & trade names

Legal nameNL

DOECO

Registered office

Essensteenweg 41

2930 Brasschaat, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.