DORST
ActiveSummary
DORST has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €83,936. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 95% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-08-1986 Normal situation
- Registered office
- 31 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Manufacture of food products NACE 10910
- Establishment unit
- 2.031.193.757 9800 Deinze, since 24-12-1986
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- VERSELE GwijdeDirector
- VERSELE StefanDirector
- HELUCA99.99%2025 annual accounts of HELUCA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €68,770
- Turnover
- ≈ €190,000
- estimated
- Profit
- €83,936
- ▼ 32.4%
- Equity
- €4.1m
- ▲ 2.1%
- Total assets
- €4.5m
- =
Score breakdownraises riskLiquidity: current ratio 9.83Sector: Manufacture of food products (NACE 10)lowers riskFounded in 1986Equity €4.1m (90.2% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 10, small). It does better than 95% of them on solvency, 99% on liquidity, 51% on profitability and 41% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 40 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €29,097, after a loss of €13,818 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €184,026 | €20,701 |
| Depreciation and write-downs of the year | - | - | - | €10,225 | €38,530 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as DORST: manufacture of food products (NACE 10910). They are comparable in size and age: total assets between €1.1m and €2.4m, founded between 1971 and 1996.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| DORST Deinze | 1986 | €4.5m | €4.1m | €0.07m | €0.08m | - | 2025 |
| Stevens Veevoeders Riemst | 1977 | €2.4m | €1.0m | €0.1m | €0.008m | 2 | 2025 |
| VOEDERS PAUWELS Torhout | 1981 | €2.2m | €1.4m | €0.2m | €0.003m | 2.7 | 2026 |
| VOEDERS LAMBRECHT Wevelgem | 1996 | €1.3m | €0.3m | €0.09m | €0.05m | - | 2025 |
| TALPE Zonnebeke | 1985 | €1.5m | €1.1m | €0.2m | €0.1m | - | 2025 |
| AGRO NOVA Zwevegem | 1983 | €1.1m | €0.6m | €0.1m | €0.08m | 0 | 2025 |
| DE BERLINGMOLEN Ardooie | 1971 | €1.9m | €1.5m | €0.2m | €0.03m | 1 | 2025 |
They were chosen from the 148 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as DORST has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DORST itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 14,766 companies, not a prediction for DORST. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €10,225 | €38,530 | ▲ 277% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6,129 | -€1,500 | -€1,500 | - | - | - |
| Other operating charges640/8 | - | - | - | €988 | €1,590 | €1,092 | €1,108 | €1,143 | ▲ 3.1% |
| Gross operating margin9900 | €3,905 | -€2,559 | -€2,247 | -€2,473 | -€2,476 | -€3,697 | -€2,485 | €68,770 | - |
| Operating profit (loss)9901 | €6,007 | -€660 | -€2,649 | -€9,591 | -€2,566 | -€3,289 | -€13,818 | €29,097 | - |
| Financial income75/76B | - | - | - | €6,270 | €6,469 | €6,483 | €168,064 | €83,892 | ▼ 50.1% |
| Recurring financial income75 | €195,630 | €6,209 | €6,018 | €6,270 | €6,469 | €6,483 | €135,478 | €83,892 | ▼ 38.1% |
| Non-recurring financial income76B | - | - | - | - | - | - | €32,586 | - | - |
| Financial charges65/66B | - | - | - | €48 | €104 | €61,557 | - | €53 | - |
| Recurring financial charges65 | €1,604 | €24 | €66 | €48 | €104 | €57 | - | €53 | - |
| Non-recurring financial charges66B | - | - | - | - | - | €61,500 | - | - | - |
| Profit (loss) for the period before taxes9903 | €200,541 | €5,525 | €3,303 | -€3,369 | €3,799 | -€58,364 | €154,247 | €112,936 | ▼ 26.8% |
| Income taxes67/77 | €60,000 | -€345 | €885 | -€424 | -€324 | €15 | €30,000 | €29,000 | ▼ 3.3% |
| Profit (loss) for the period9904 | €140,541 | €5,869 | €2,417 | -€2,946 | €4,124 | -€58,378 | €124,247 | €83,936 | ▼ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €140,541 | €5,869 | €2,417 | -€2,946 | €4,124 | -€58,378 | €124,247 | €83,936 | ▼ 32.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.3m | €4.5m | €4.5m | = |
| Fixed assets21/28 | €20 | €0.5m | €0.5m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.3% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.2m | €0.2m | ▼ 10.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.2m | €0.2m | ▼ 10.3% |
| Financial fixed assets28 | €20 | €0.5m | €0.5m | €0.3m | €0.3m | €0.2m | - | - | - |
| Current assets29/58 | €4.4m | €3.9m | €3.9m | €4.1m | €4.1m | €4.1m | €4.4m | €4.4m | ▲ 0.5% |
| Amounts receivable within one year40/41 | €4.4m | €3.9m | €3.9m | €4.1m | €4.1m | €4.1m | €4.4m | €4.3m | ▼ 1.6% |
| Trade receivables40 | - | - | - | €9 | €9 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €4.1m | €4.1m | €4.1m | €4.4m | €4.3m | ▼ 1.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.002m | - | €0.09m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.3m | €4.5m | €4.5m | = |
| Equity10/15 | €3.9m | €3.9m | €3.9m | €3.9m | €4.0m | €3.9m | €4.0m | €4.1m | ▲ 2.1% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Distributable reserves133 | - | - | - | €270 | €270 | €270 | €270 | €270 | = |
| Profit (loss) carried forward14 | €1.6m | €1.6m | €1.6m | €1.6m | €1.7m | €1.6m | €1.7m | €1.8m | ▲ 4.9% |
| Amounts payable17/49 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 15.5% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 15.5% |
| Trade debts44 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.2m | €0.07m | ▼ 54.8% |
| Suppliers440/4 | - | - | - | €0.07m | €0.07m | €0.07m | €0.2m | €0.07m | ▼ 54.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 1.1% |
| Taxes450/3 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €315 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140,541 | €5,869 | €2,417 | -€2,946 | €4,124 | -€58,378 | €124,247 | €83,936 | ▼ 32.4% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €10,225 | €38,530 | ▲ 277% |
| Operating cash flow (approximation) | €140,541 | €5,869 | €2,417 | -€2,946 | €4,124 | -€58,378 | €134,471 | €122,466 | ▼ 8.9% |
| Investment in fixed assets (approximation) | - | -€461,206 | €0 | €199,696 | €0 | €61,500 | €16,004 | -€20,701 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00291462 | NBB |
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00254163 | |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00236749 | |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00234484 | |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20177287 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34400506 | |
| 31-12-2019 | abbreviated format | 03-11-2020 | 2020-67900464 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-39900010 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-38200226 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-34900359 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- HELUCA
- DORST
Owners 1
- HELUCAparentSourceaccounts HELUCA 2025Equity €50.9m Profit of €10.4m in 2025 (profit of €8.5m in 2024)99.99%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VERSELE Gwijde |
|
| VERSELE Stefan |
|
Network & group
Board mandates elsewhere
1 board mandateCompanies at the same address
30 other companies- HLC Registered office · since 2025 1019625101
- Btw-eenheid VL Registered office · since 2021 0769971449
- HASAVLUTH Registered office · since 2019 0727762195
- HS & Co Establishment · since 2016 0646777588
- FINVOL JOTA Registered office · since 2011 0839316452
- FINVOL MU Registered office · since 2011 0839316749
- FINVOL OMIKRON Registered office · since 2011 0839316848
- FINVOL PI Registered office · since 2011 0839316353
- FINVOL SIGMA Registered office · since 2011 0839317145
- ZOO-LA-LA Registered office · since 2011 0839315660
Connections & network
8 connected companiesShow 4 more companies with a shared director
Timeline
Acts, filings and financial milestones
06-11
Gazette deed
Reappointments: VERSELE Gwijde (director) and VERSELE Stefan (director)Amendment of the articles · Registered office clause5 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Director reappointment, VERSELE Gwijde (director)
- Director reappointment, VERSELE Stefan (director)
- Registered office clause, “Kapellestraat 70,9800 Deinze” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44004C0214/00B002 | Flanders | 1.4 ha | 1 · 5,431 m² | 42.1 m · 7 |