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DRANACO

Active
Public limited companyfounded 1919107 years activeGodefriduskaai 28, 2000 Antwerpen, BelgiumKBO/BCE: BE 0404.635.203
Summary

DRANACO has been active since 1919 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €479,803. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 49% of 6,033 sector peers (NACE 46, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Wholesale of construction materials, general range
NACE 46831
#3 oldest company in Antwerp, Wholesale and retail trade sector2 sites
Size
€12.1mturnover 2025
Staff
2.4 FTE
Equity
€2.9m
Profit
€479,803
Financial health
86 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Parent
DRAGAGE MOSAN INTERNATIONAL · 99.9%
Accounts 31 days early0 of 15 deeds read
Why 86- Liquidity: current ratio 1.41, cash €125,206, halved- 1 of the last 3 late+ Founded in 1919+ Size: turnover €12.1m, 2.4 FTE, total assets €6.4mShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Average
Solvency 70-1
equity 44.6% of total assets
Liquidity 25-12
short-term debt 53.3% · cash 1.9%
Profitability 66+3
return on assets 7.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit up to €240,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.4 in 2024; short-term debt: 53.3% and cash: 1.9% of total assets), and 55.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 53% on solvency, 23% on liquidity, 48% on profitability and 61% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.41, cash €125,206, halved
NBB · annual accounts
lowers risk · Founded in 1919
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €12.1m, 2.4 FTE, total assets €6.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
31 days early
2023
54 days late
2022
3 days early
2021
30 days late
2020
26 days late
2019
17 days 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 9 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Positive: Oldest company in Antwerp, Wholesale and retail trade…in the Checked rankings #3 View
  • Controlled by DRAGAGE MOSAN INTERNATIONAL 99.9% View
  • Active since 1919founded 17-05-1919 107 years View
  • Positive: 6 profitable years in a rowprofit 2025: €479,803 6 years View
  • Positive: Result rose in 2025from €356,465 to €479,803 ▲ 34.6% View

By topic

Financials

Fiscal year
2025
Turnover
€12.1m
Profit
€479,803
Solvency
44.6%
Turnover▲ 2.0%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 28-07-2023Annual accounts filed
  2. 31-12-2022Highest result since 2018
  3. 31-12-2022Equity above €2m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale of construction materials, general rangeNACE 46831
Founded
17-05-1919
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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