DOECO
ActiveSummary
DOECO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15.25M and a net result of €-389k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11=
Solvency100=
Growth23=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days only on tighter terms
Liquidity ample (current ratio 3.31 against 4.32 in 2023; short-term debt: 9% and cash: 1.2% of total assets), and 10.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2026, 384 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
384 d late
2023
190 d late
2022
72 d late
2021
60 d late
2020
2 d early
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€2.71M▼ 12.8%
2023 · €3.11M
2018: €4.83M
2019: €4.36M
2020: €4.22M
2021: €4.40M
2022: €3.79M
2023: €3.11M
2018 → 2024
EBIT margin
-12.1%▼ 5.6pp
2023 · -6.5%
2018: 3.2%
2019: -0.1%
2020: -2.3%
2021: 3.7%
2022: -0.1%
2023: -6.5%
2018 → 2024
Net result
€-389k▼ 41.6%
2023 · €-275k
2018: €53k
2019: €-90k
2020: €-181k
2021: €90k
2022: €-95k
2023: €-275k
2018 → 2024
Working capital
€3.55M▼ 12.8%
2023 · €4.07M
2018: €5.30M
2019: €5.10M
2020: €4.96M
2021: €4.89M
2022: €4.52M
2023: €4.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4.22M-€4.40M▲ 4.3%€3.79M▼ 14.0%€3.11M▼ 17.9%€2.71M▼ 12.8%
Equity€15.91M-€16.00M▲ 0.6%€15.91M▼ 0.6%€15.64M▼ 1.7%€15.25M▼ 2.5%
Operating result€-98k-€163k€-2k€-203k▼ 8,158%€-328k▼ 61.3%
Net result€-181k-€90k€-95k€-275k▼ 190%€-389k▼ 41.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €328k in 2024 against €203k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.97M
Fixed assets
€11.89M ▼ 0.2%
Current assets
€5.08M ▼ 4.0%
Equity and liabilities €16.97M
Equity
€15.25M ▼ 2.5%
Debt
€1.72M ▲ 9.8%
Debt's share of the balance-sheet total rises from 9.1% to 10.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-291k▼
2023 · €-167k
Cash flow
€-352k▼
2023 · €-238k
Current ratio
3.31▼
2023 · 4.32
Quick ratio
3.03▼
2023 · 3.93
Debt to equity
0.11▲
2023 · 0.10
ROE
-2.6%▼
2023 · -1.8%
ROA
-2.3%▼
2023 · -1.6%
Interest coverage
-6.40▼
2023 · -3.70
Debt ≤ 1 year
€1.53M▲
2023 · €1.23M
Debt > 1 year
€187k▼
2023 · €342k
Staff costs
€756k▼
2023 · €795k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 71 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17.20M€16.97M▼
Fixed assets21/28€11.91M€11.89M▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€2.41M€2.39M▼
Land and buildings22€2.28M€2.28M=
Plant, machinery and equipment23€28k€27k▼
Furniture and vehicles24€101k€79k▼
Financial fixed assets28€9.50M€9.50M=
Affiliated companies280/1€9.50M€9.50M=
Participating interests280€9.50M€9.50M=
Other financial fixed assets284/8€62€62=
Amounts receivable and cash guarantees285/8€62€62=
Current assets29/58€5.29M€5.08M▼
Stocks and contracts in progress3€471k€425k▼
Stocks30/36€471k€425k▼
Goods purchased for resale34€471k€425k▼
Amounts receivable within one year40/41€276k€293k▲
Trade receivables40€232k€267k▲
Other amounts receivable41€45k€26k▼
Current investments50/53€4.14M€4.14M=
Own shares50€4.14M€4.14M=
Cash at bank and in hand54/58€390k€205k▼
Deferred charges and accrued income490/1€16k€19k▲
Equity and liabilities
Total equity and liabilities10/49€17.20M€16.97M▼
Equity10/15€15.64M€15.25M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.15M€4.15M=
Non-distributable reserves130/1€4.15M€4.15M=
Legal reserve130€6k€6k=
Own shares acquired1312€4.14M€4.14M=
Profit (loss) carried forward14€11.43M€11.04M▼
Amounts payable17/49€1.57M€1.72M▲
Amounts payable after more than one year17€342k€187k▼
Financial debts170/4€342k€187k▼
Credit institutions173€342k€187k▼
Amounts payable within one year42/48€1.23M€1.53M▲
Current portion of amounts payable after more than one year42€151k€151k=
Trade debts44€107k€105k▼
Suppliers440/4€107k€105k▼
Taxes, remuneration and social security45€78k€74k▼
Remuneration and social security454/9€78k€74k▼
Other amounts payable47/48€890k€1.21M▲
Income statement
Code20232024
Operating income70/76A€3.13M€2.73M▼
Turnover70€3.11M€2.71M▼
Other operating income74€19k€19k▼
Operating charges60/66A€3.33M€3.06M▼
Goods for resale, raw materials and consumables60€2.13M€1.89M▼
Purchases600/8€1.97M€1.89M▼
Change in stocks: decrease (increase)609€159k€3k▼
Services and other goods61€328k€308k▼
Remuneration, social security and pensions62€795k€756k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€37k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25k€49k▲
Other operating charges640/8€21k€21k▼
Operating profit (loss)9901€-203k€-328k▼
Financial income75/76B€20k€23k▲
Recurring financial income75€20k€23k▲
Income from financial fixed assets750€810€2k▲
Other financial income752/9€19k€21k▲
Financial charges65/66B€91k€84k▼
Recurring financial charges65€91k€84k▼
Debt charges650€45k€45k▲
Other financial charges652/9€46k€39k▼
Profit (loss) for the period before taxes9903€-275k€-389k▼
Profit (loss) for the period9904€-275k€-389k▼
Profit (loss) for the period to be appropriated9905€-275k€-389k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.43M€11.04M▼
Profit (loss) brought forward from the previous period14P€11.70M€11.43M▼
Social balance
Average headcount (FTE)908710.79.8▼
The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 384 days late
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 190 days late
2024
31-12
Financial
Weakest financial yearnet €-389k
Net result drops to €-389k, the lowest in the series.
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 72 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Back to profitnet €90k
Net result €90k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 143 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Brasschaat · 1 establishment unit since 1995
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 BrasschaatGround area
8,556 m²
Building footprint
3,448 m²
Volume, LiDAR
20,293 m³
Parcel 11008B0079/00E000, Flanders · tallest building 22.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Essensteenweg 41, 2930 Brasschaat
since 19952.026.608.330
1 parcel
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. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 679 companies in sector 46494 we hold annual accounts for 530. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-03-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46494Wholesale of non-electrical household articles
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.