Skip to content

DRD

Active
Private limited companyfounded 201511 yrs activeGentsesteenweg 101, 9900 Eeklo, BelgiumKBO/BCE: BE 0628.740.637
Summary

DRD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,477 and a net result of €32,527. Equity is growing by ~125% per year across the filed fiscal years. Its solvency ranks better than 52% of 527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+6
Solvency89▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 0.89 in 2024; short-term debt: 34% and cash: 36.1% of total assets), and 36.1% 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

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.9%
Return on assets
29.5%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
23 d early
2024
6 d early
2023
9 d early
2022
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 13 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DRD was incorporated on 21 April 2015.1 Total assets rose from EUR 9,014 in 2022 to EUR 110,343 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
€70,477▲ 85.7%
2024 · €37,950
Total assets
€110,343▼ 26.9%
2024 · €150,992
Net result
€32,527▲ 4.8%
2024 · €31,049
Working capital
€17,781
2024 · -€12,460
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, 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
Line2022202320242025
Operating result-€3,497-€12,256€41,433▲ 238%€46,822▲ 13.0%
Net result-€3,632below the sector's middle half-€11,450within the sector's middle half€31,049within the sector's middle half▲ 171%€32,527within the sector's middle half▲ 4.8%
Equity-€4,549below the sector's middle half-€6,901below the sector's middle half€37,950within the sector's middle half▲ 450%€70,477within the sector's middle half▲ 85.7%
Total assets€9,014below the sector's middle half-€62,080below the sector's middle half▲ 589%€150,992within the sector's middle half▲ 143%€110,343within the sector's middle half▼ 26.9%
Debt€13,563-€55,179▲ 307%€113,042▲ 105%€39,867▼ 64.7%
Working capital-€5,107below the sector's middle half--€44,509below the sector's middle half▼ 772%-€12,460below the sector's middle half▲ 72.0%€17,781within the sector's middle half
Solvency-50.5%below the sector's middle half-11.1%below the sector's middle half▲ 61.6pp25.1%below the sector's middle half▲ 14.0pp63.9%within the sector's middle half▲ 38.7pp
Current ratio0.62below the sector's middle half-0.19below the sector's middle half▼ 0.430.89below the sector's middle half▲ 0.701.47within the sector's middle half▲ 0.58
Return on assets (ROA)-40.3%below the sector's middle half-18.4%within the sector's middle half▲ 58.7pp20.6%within the sector's middle half▲ 2.1pp29.5%above the sector's middle half▲ 8.9pp
above within below the middle half (P25 to P75) of NACE 72, Scientific research and development, 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
-€20,000€0€20,000€40,000Operating result 2022: -€3,497-€3,497Net result 2022: -€3,632-€3,632Operating result 2023: €12,256€12,256Net result 2023: €11,450€11,450Operating result 2024: €41,433€41,433Net result 2024: €31,049€31,049Operating result 2025: €46,822€46,822Net result 2025: €32,527€32,5272022202320242025€0€20,000€40,000Operating result 2023: €12,256€12,300Net result 2023: €11,450€11,400Operating result 2024: €41,433€41,400Net result 2024: €31,049€31,000Operating result 2025: €46,822€46,800Net result 2025: €32,527€32,500202320242025
The operating result has risen three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,343
Fixed assets €55,010 ▲ 9.1%
Current assets €55,333 ▼ 45.0%
Equity and liabilities €110,343
Equity €70,477 ▲ 85.7%
Debt €39,867 ▼ 64.7%
Debt's share of the balance-sheet total falls from 74.9% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,022▲
2024 · €42,433
Cash flow
€33,727▲
2024 · €32,049
Debt to equity
0.57▼
2024 · 2.98
ROE
46.2%▼
2024 · 81.8%
Interest coverage
14.07▼
2024 · 412.94
Debt ≤ 1 year
€37,552▼
2024 · €113,042
Income taxes
€10,882▲
2024 · €10,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 34,679 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€150,992€110,343▼
Fixed assets21/28€50,410€55,010▲
Intangible fixed assets21-€2,797
Tangible fixed assets22/27€3,068€4,871▲
Plant, machinery and equipment23€62€2,617▲
Furniture and vehicles24€3,006€2,254▼
Financial fixed assets28€47,342€47,342=
Current assets29/58€100,582€55,333▼
Amounts receivable within one year40/41€5,167€8,652▲
Trade receivables40€517€438▼
Other amounts receivable41€4,650€8,214▲
Cash at bank and in hand54/58€95,415€39,833▼
Deferred charges and accrued income490/1-€6,849
Equity and liabilities
Total equity and liabilities10/49€150,992€110,343▼
Equity10/15€37,950€70,477▲
Contributions10/11€600€600=
Reserves13€37,000€69,000▲
Tax-exempt reserves132€1,977€1,949▼
Distributable reserves133€35,023€67,051▲
Profit (loss) carried forward14€350€877▲
Amounts payable17/49€113,042€39,867▼
Amounts payable within one year42/48€113,042€37,552▼
Trade debts44€49,993€5,451▼
Suppliers440/4€49,993€5,451▼
Taxes, remuneration and social security45€13,671-
Taxes450/3€13,671-
Other amounts payable47/48€49,378€32,101▼
Accrued charges and deferred income492/3-€2,315
Income statement Code20242025
Non-recurring operating income76A€20,000-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,000€1,200▲
Other operating charges640/8€809€825▲
Gross operating margin9900€43,242€48,847▲
Operating profit (loss)9901€41,433€46,822▲
Financial income75/76B€68€0▼
Recurring financial income75€68€0▼
Financial charges65/66B€103€3,413▲
Recurring financial charges65€103€3,413▲
Profit (loss) for the period before taxes9903€41,399€43,409▲
Income taxes67/77€10,350€10,882▲
Profit (loss) for the period9904€31,049€32,527▲
Transfer from tax-exempt reserves789-€29
Profit (loss) for the period to be appropriated9905€31,049€32,556▲
Appropriation of the result
Profit (loss) to be appropriated9906€31,350€32,905▲
Profit (loss) brought forward from the previous period14P€301€350▲
Transfer to equity691/2€31,000€32,029▲
To other reserves6921€31,000€32,029▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A--€20,000--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€248€250€1,000€1,200▲ 20.0%
Other operating charges640/8€900€797€809€825▲ 2.0%
Gross operating margin9900-€2,349€13,303€43,242€48,847▲ 13.0%
Operating profit (loss)9901-€3,497€12,256€41,433€46,822▲ 13.0%
Financial income75/76B€1€0€68€0▼ 99.9%
Recurring financial income75€1€0€68€0▼ 99.9%
Financial charges65/66B€136€614€103€3,413▲ 3,221%
Recurring financial charges65€136€614€103€3,413▲ 3,221%
Profit (loss) for the period before taxes9903-€3,632€11,642€41,399€43,409▲ 4.9%
Income taxes67/77-€193€10,350€10,882▲ 5.1%
Profit (loss) for the period9904-€3,632€11,450€31,049€32,527▲ 4.8%
Transfer from tax-exempt reserves789---€29-
Transfer to tax-exempt reserves689-€1,977---
Profit (loss) for the period to be appropriated9905-€3,632€9,472€31,049€32,556▲ 4.9%
Line2022202320242025Change
Assets
Total assets20/58€9,014€62,080€150,992€110,343▼ 26.9%
Fixed assets21/28€558€51,410€50,410€55,010▲ 9.1%
Intangible fixed assets21---€2,797-
Tangible fixed assets22/27€558€4,068€3,068€4,871▲ 58.8%
Plant, machinery and equipment23€558€310€62€2,617▲ 4,120%
Furniture and vehicles24-€3,758€3,006€2,254▼ 25.0%
Financial fixed assets28-€47,342€47,342€47,342=
Current assets29/58€8,456€10,670€100,582€55,333▼ 45.0%
Amounts receivable within one year40/41€3,223€1,357€5,167€8,652▲ 67.4%
Trade receivables40€3,223€1,050€517€438▼ 15.3%
Other amounts receivable41-€307€4,650€8,214▲ 76.6%
Cash at bank and in hand54/58€5,233€9,313€95,415€39,833▼ 58.3%
Deferred charges and accrued income490/1---€6,849-
Equity and liabilities
Total equity and liabilities10/49€9,014€62,080€150,992€110,343▼ 26.9%
Equity10/15-€4,549€6,901€37,950€70,477▲ 85.7%
Contributions10/11€600€600€600€600=
Reserves13-€6,000€37,000€69,000▲ 86.5%
Tax-exempt reserves132-€1,977€1,977€1,949▼ 1.4%
Distributable reserves133-€4,023€35,023€67,051▲ 91.5%
Profit (loss) carried forward14-€5,149€301€350€877▲ 151%
Amounts payable17/49€13,563€55,179€113,042€39,867▼ 64.7%
Amounts payable within one year42/48€13,563€55,179€113,042€37,552▼ 66.8%
Trade debts44€9,400€5,428€49,993€5,451▼ 89.1%
Suppliers440/4€9,400€5,428€49,993€5,451▼ 89.1%
Taxes, remuneration and social security45€2,036€374€13,671--
Taxes450/3€2,036€374€13,671--
Other amounts payable47/48€2,127€49,378€49,378€32,101▼ 35.0%
Accrued charges and deferred income492/3---€2,315-
Line2022202320242025Change
Profit (loss) for the period9904-€3,632€11,450€31,049€32,527▲ 4.8%
+ Depreciation and write-downs630€248€250€1,000€1,200▲ 20.0%
Operating cash flow (approximation)-€3,384€11,700€32,049€33,727▲ 5.2%
Investment in fixed assets (approximation)--€51,102€0-€5,800-
Change in cash-€4,080€86,102-€55,581▼ 165%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2022net €32,527 ▲4.8%
Operating result €46,822, net result €32,527, both a record.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €11,450
Net result €11,450 after one loss-making year.
17-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Eeklo
exact location from the address register On OpenStreetMap
Ground area
2,859 m²
Building footprint
354 m²
Volume, LiDAR
2,075 m³
Parcel 43005D0976/00A002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43005D0976/00A002 Flanders 2,859 m² 1 · 354 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of DRD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 762 companies in sector 72101 we hold annual accounts for 484. 270 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
Founded21-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
E-invoicing
Reachable via Peppol
Peppol ID 0208:0628740637
Also 9925:BE0628740637
Registered 27-12-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.