DORENCO
ActiveSummary
DORENCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,415 and a net result of €54,519. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+82
Solvency44▲+19
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 4.02 against 0.49 in 2024; short-term debt: 15.3% and cash: 8.3% of total assets), but 80.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.1%
Return on assets
19.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
5 d late
2023
69 d late
2022
4 d early
2021
162 d late
2020
179 d late
2019
23 d early
← 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 55 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 August (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€52,415
2024 · -€2,104
Total assets
€274,541▼ 53.0%
2024 · €583,855
Net result
€54,519
2024 · -€32,337
Working capital
€127,256
2024 · -€205,759
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€22,932€31,763-€14,005-€20,756▼ 48.2%€61,849
Net result-€27,244below the sector's middle half▼ 1,028%€26,675within the sector's middle half-€23,230below the sector's middle half-€32,337below the sector's middle half▼ 39.2%€54,519within the sector's middle half
Equity€26,788below the sector's middle half▼ 50.4%€53,463within the sector's middle half▲ 99.6%€30,233within the sector's middle half▼ 43.5%-€2,104below the sector's middle half€52,415within the sector's middle half
Total assets€553,870above the sector's middle half▲ 76.5%€578,443above the sector's middle half▲ 4.4%€641,454above the sector's middle half▲ 10.9%€583,855above the sector's middle half▼ 9.0%€274,541within the sector's middle half▼ 53.0%
Debt€469,411▲ 132%€524,980▲ 11.8%€611,221▲ 16.4%€585,959▼ 4.1%€222,126▼ 62.1%
Working capital-€150,151below the sector's middle half-€181,655below the sector's middle half▼ 21.0%-€186,569below the sector's middle half▼ 2.7%-€205,759below the sector's middle half▼ 10.3%€127,256within the sector's middle half
Solvency4.8%below the sector's middle half▼ 12.4pp9.2%below the sector's middle half▲ 4.4pp4.7%below the sector's middle half▼ 4.5pp-0.4%below the sector's middle half▼ 5.1pp19.1%below the sector's middle half▲ 19.5pp
Current ratio0.48below the sector's middle half▼ 7.640.47below the sector's middle half▼ 0.010.57below the sector's middle half▲ 0.090.49below the sector's middle half▼ 0.074.02within the sector's middle half▲ 3.53
Return on assets (ROA)-4.9%below the sector's middle half▼ 4.1pp4.6%within the sector's middle half▲ 9.5pp-3.6%below the sector's middle half▼ 8.2pp-5.5%below the sector's middle half▼ 1.9pp19.9%within the sector's middle half▲ 25.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €61,849 after a loss of €20,756 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274,541
Fixed assets
€105,159 ▼ 72.6%
Current assets
€169,382 ▼ 15.4%
Equity and liabilities €274,541
Equity
€52,415
Debt
€222,126
Debt finances 80.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€72,454▲
2024 · -€189
Cash flow
€65,124▲
2024 · -€11,770
Debt to equity
4.24
ROE
104.0%
Interest coverage
10.91▲
2024 · -0.02
Debt ≤ 1 year
€42,126▼
2024 · €405,959
Debt > 1 year
€180,000=
2024 · €180,000
Income taxes
€728▼
2024 · €3,632
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,319 | €18,653 | €20,626 | €20,567 | €10,605 | ▼ 48.4% |
| Other operating charges640/8 | €1,169 | €3,021 | €2,865 | €7,870 | €2,704 | ▼ 65.6% |
| Gross operating margin9900 | -€8,444 | €53,437 | €9,486 | €7,681 | €75,158 | ▲ 878% |
| Operating profit (loss)9901 | -€22,932 | €31,763 | -€14,005 | -€20,756 | €61,849 | ▲ 398% |
| Financial income75/76B | €175 | - | - | €105 | €42 | ▼ 60.0% |
| Recurring financial income75 | €175 | - | - | €105 | €42 | ▼ 60.0% |
| Financial charges65/66B | €3,656 | €3,768 | €9,073 | €8,054 | €6,644 | ▼ 17.5% |
| Recurring financial charges65 | €3,656 | €3,768 | €9,073 | €8,054 | €6,644 | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | -€26,413 | €27,995 | -€23,078 | -€28,705 | €55,247 | ▲ 292% |
| Income taxes67/77 | €831 | €1,320 | €152 | €3,632 | €728 | ▼ 80.0% |
| Profit (loss) for the period9904 | -€27,244 | €26,675 | -€23,230 | -€32,337 | €54,519 | ▲ 269% |
| Profit (loss) for the period to be appropriated9905 | -€27,244 | €26,675 | -€23,230 | -€32,337 | €54,519 | ▲ 269% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553,870 | €578,443 | €641,454 | €583,855 | €274,541 | ▼ 53.0% |
| Fixed assets21/28 | €414,610 | €415,118 | €396,802 | €383,655 | €105,159 | ▼ 72.6% |
| Tangible fixed assets22/27 | €414,610 | €415,118 | €396,802 | €383,655 | €105,159 | ▼ 72.6% |
| Land and buildings22 | €409,604 | €399,987 | €386,232 | €379,875 | €103,101 | ▼ 72.9% |
| Furniture and vehicles24 | €5,006 | €15,131 | €10,570 | €3,780 | €2,058 | ▼ 45.6% |
| Current assets29/58 | €139,260 | €163,325 | €244,652 | €200,200 | €169,382 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €100,189 | €134,534 | €240,642 | €164,765 | €146,675 | ▼ 11.0% |
| Trade receivables40 | €34,521 | €68,131 | €62,975 | €41,564 | €30,462 | ▼ 26.7% |
| Other amounts receivable41 | €65,668 | €66,403 | €177,667 | €123,201 | €116,213 | ▼ 5.7% |
| Cash at bank and in hand54/58 | €39,071 | €28,791 | €4,010 | €35,435 | €22,707 | ▼ 35.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553,870 | €578,443 | €641,454 | €583,855 | €274,541 | ▼ 53.0% |
| Equity10/15 | €26,788 | €53,463 | €30,233 | -€2,104 | €52,415 | ▲ 2,591% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €2,290 | €2,290 | €2,290 | €2,290 | €2,290 | = |
| Non-distributable reserves130/1 | €2,290 | €2,290 | €2,290 | €2,290 | €2,290 | = |
| Reserves not available under the articles1311 | €2,290 | €2,290 | €2,290 | €2,290 | €2,290 | = |
| Profit (loss) carried forward14 | -€99,449 | -€72,774 | -€96,004 | -€128,341 | -€73,822 | ▲ 42.5% |
| Provisions and deferred taxes16 | €57,671 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €57,671 | - | - | - | - | - |
| Other liabilities and charges164/5 | €57,671 | - | - | - | - | - |
| Amounts payable17/49 | €469,411 | €524,980 | €611,221 | €585,959 | €222,126 | ▼ 62.1% |
| Amounts payable after more than one year17 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Financial debts170/4 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Amounts payable within one year42/48 | €289,411 | €344,980 | €431,221 | €405,959 | €42,126 | ▼ 89.6% |
| Trade debts44 | €280,463 | €49,379 | €43,558 | €22,808 | €408 | ▼ 98.2% |
| Suppliers440/4 | €280,463 | €49,379 | €43,558 | €22,808 | €408 | ▼ 98.2% |
| Taxes, remuneration and social security45 | - | €49 | €49 | - | - | - |
| Remuneration and social security454/9 | - | €49 | €49 | - | - | - |
| Other amounts payable47/48 | €8,948 | €295,552 | €387,614 | €383,151 | €41,718 | ▼ 89.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,244 | €26,675 | -€23,230 | -€32,337 | €54,519 | ▲ 269% |
| + Depreciation and write-downs630 | €13,319 | €18,653 | €20,626 | €20,567 | €10,605 | ▼ 48.4% |
| Operating cash flow (approximation) | -€13,925 | €45,328 | -€2,604 | -€11,770 | €65,124 | ▲ 653% |
| Investment in fixed assets (approximation) | - | -€19,161 | -€2,310 | -€7,420 | €267,891 | ▲ 3,710% |
| Change in cash | - | -€10,280 | -€24,781 | €31,425 | -€12,728 | ▼ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €54,519
Net result €54,519 after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 4.02
Current ratio from 0.49 to 4.02; short-term debt falls from €405,959 to €42,126.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet -€32,337
Net result drops to -€32,337, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 162 days late
2022
31-12
Financial
Back to profitnet €26,675
Net result €26,675 after 3 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 179 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 126 days late
Show earlier events
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 491 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2013
16-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2012
12-01
State Gazette act
General meeting · Registered-office move
Statutes amendment · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1997
Ground area
1,231 m²
Building footprint
242 m²
Volume, LiDAR
1,514 m³
Parcel 23082B0447/00K000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DORENCO
since 19972.079.785.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082B0447/00K000 | Flanders | 1,231 m² | 1 · 242 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 38,332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450283304
Also
9925:BE0450283304
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.