DRAKE
ActiveSummary
DRAKE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€156,911) and a net result of €7,289. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 5% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03; cash: 23.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
128.6%
Age of the figures
18 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
29 d late
2022
25 d late
2021
27 d late
2020
30 d late
2019
29 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€156,911▲ 4.4%
2024 · -€164,199
Total assets
€5,666▲ 50.4%
2024 · €3,768
Net result
€7,289▲ 10.7%
2024 · €6,586
Working capital
-€157,243▲ 4.6%
2024 · -€164,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€3,151▲ 9.7%-€12,157▼ 286%-€2,495▲ 79.5%€6,625€7,332▲ 10.7%
Net result-€3,277below the sector's middle half▲ 7.1%-€12,193below the sector's middle half▼ 272%-€2,534within the sector's middle half▲ 79.2%€6,586within the sector's middle half€7,289within the sector's middle half▲ 10.7%
Equity-€156,058below the sector's middle half▼ 2.1%-€168,252below the sector's middle half▼ 7.8%-€170,786below the sector's middle half▼ 1.5%-€164,199below the sector's middle half▲ 3.9%-€156,911below the sector's middle half▲ 4.4%
Total assets€15,048below the sector's middle half▲ 1.6%€4,823below the sector's middle half▼ 67.9%€4,206below the sector's middle half▼ 12.8%€3,768below the sector's middle half▼ 10.4%€5,666below the sector's middle half▲ 50.4%
Debt€171,106▲ 2.1%€173,075▲ 1.2%€174,992▲ 1.1%€167,968▼ 4.0%€162,577▼ 3.2%
Working capital-€157,387below the sector's middle half▼ 2.1%-€169,248below the sector's middle half▼ 7.5%-€171,450below the sector's middle half▼ 1.3%-€164,864below the sector's middle half▲ 3.8%-€157,243below the sector's middle half▲ 4.6%
Current ratio0.08below the sector's middle half=0.03below the sector's middle half
Return on assets (ROA)-21.8%below the sector's middle half▲ 2.0pp128.6%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,666
Fixed assets
€332 ▼ 50.0%
Current assets
€5,334 ▲ 71.8%
Key figures and ratios
EBITDA
€7,664
Cash flow
€7,621
Debt to equity
-1.04
Interest coverage
176.19
Debt ≤ 1 year
€162,577▼
2024 · €167,968
A ratio outside any meaningful range has been withheld (balance sheet total €5,666, equity -€156,911).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 3,798 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 | - | €332 | €332 | - | €332 | - |
| Other operating charges640/8 | - | €535 | €547 | €516 | €603 | ▲ 16.8% |
| Gross operating margin9900 | -€2,618 | -€11,290 | -€1,615 | €7,142 | €8,267 | ▲ 15.8% |
| Operating profit (loss)9901 | -€3,151 | -€12,157 | -€2,495 | €6,625 | €7,332 | ▲ 10.7% |
| Financial charges65/66B | - | €37 | €39 | €39 | €44 | ▲ 11.5% |
| Recurring financial charges65 | €35 | €37 | €39 | €39 | €44 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€3,277 | -€12,193 | -€2,534 | €6,586 | €7,289 | ▲ 10.7% |
| Profit (loss) for the period9904 | -€3,277 | -€12,193 | -€2,534 | €6,586 | €7,289 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,277 | -€12,193 | -€2,534 | €6,586 | €7,289 | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,048 | €4,823 | €4,206 | €3,768 | €5,666 | ▲ 50.4% |
| Fixed assets21/28 | €1,329 | €997 | €664 | €664 | €332 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1,329 | €997 | €664 | €664 | €332 | ▼ 50.0% |
| Furniture and vehicles24 | - | €997 | €664 | €664 | €332 | ▼ 50.0% |
| Current assets29/58 | €13,719 | €3,827 | €3,542 | €3,104 | €5,334 | ▲ 71.8% |
| Stocks and contracts in progress3 | €12,873 | €3,425 | €3,425 | - | - | - |
| Stocks30/36 | - | €3,425 | €3,425 | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €3,080 | €3,840 | ▲ 24.7% |
| Trade receivables40 | - | - | - | €3,080 | €3,840 | ▲ 24.7% |
| Cash at bank and in hand54/58 | €606 | €267 | €109 | €17 | €1,346 | ▲ 7,940% |
| Deferred charges and accrued income490/1 | - | €134 | €7 | €7 | €148 | ▲ 2,021% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,048 | €4,823 | €4,206 | €3,768 | €5,666 | ▲ 50.4% |
| Equity10/15 | -€156,058 | -€168,252 | -€170,786 | -€164,199 | -€156,911 | ▲ 4.4% |
| Contributions10/11 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Capital10 | - | €13,000 | €13,000 | - | - | - |
| Issued capital100 | - | €30,986 | €30,986 | - | - | - |
| Uncalled capital101 | - | €17,986 | €17,986 | - | - | - |
| Profit (loss) carried forward14 | -€169,058 | -€181,252 | -€183,786 | -€177,199 | -€169,911 | ▲ 4.1% |
| Amounts payable17/49 | €171,106 | €173,075 | €174,992 | €167,968 | €162,577 | ▼ 3.2% |
| Amounts payable within one year42/48 | €171,106 | €173,075 | €174,992 | €167,968 | €162,577 | ▼ 3.2% |
| Trade debts44 | €188 | €194 | €339 | €30 | €208 | ▲ 589% |
| Suppliers440/4 | - | €194 | €339 | €30 | €208 | ▲ 589% |
| Other amounts payable47/48 | - | €172,881 | €174,653 | €167,937 | €162,368 | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,277 | -€12,193 | -€2,534 | €6,586 | €7,289 | ▲ 10.7% |
| + Depreciation and write-downs630 | - | €332 | €332 | - | €332 | - |
| Operating cash flow (approximation) | -€3,277 | -€11,861 | -€2,202 | €6,586 | €7,621 | ▲ 15.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€339 | -€158 | -€93 | €1,329 | ▲ 1,534% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
31-03
Financial
Highest result since 2019net €7,289 ▲10.7%
Operating result €7,332, net result €7,289, both a record.
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
31-03
Financial
Back to profitnet €6,586
Net result €6,586 after 5 loss-making years.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
31-03
Financial
Weakest financial yearnet -€12,193
Net result drops to -€12,193, the lowest in the series; recovery starts the following year.
2021
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Pajottegem · 1 establishment unit since 2006
Ground area
905 m²
Building footprint
169 m²
Volume, LiDAR
778 m³
Parcel 23087C0835/00B000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dräke
since 20062.155.088.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23087C0835/00B000 | Flanders | 905 m² | 1 · 169 m² | 6.8 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,173 companies in sector 46499 we hold annual accounts for 743. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2000
Fiscal year end31-03
Activities, NACEBEL 2025
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470763467
Also
9925:BE0470763467
Registered
21-11-2025
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.