DRECO
ActiveSummary
DRECO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,005 and a net result of €21,130. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 40% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+52
Solvency46▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.23 in 2023; short-term debt: 73.5% and cash: 61.4% of total assets), and 78.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
21.3%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
31 d late
2022
32 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€21,005▲ 0.6%
2023 · €20,875
Total assets
€98,768▼ 36.7%
2023 · €156,008
Net result
€21,130▲ 34.0%
2023 · €15,770
Working capital
€22,610▼ 21.3%
2023 · €28,744
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20202021202220232024
Operating result€92,055▲ 86.5%€23,575▼ 74.4%-€3,516-€2,950▲ 16.1%€29,025
Net result€73,061above the sector's middle half▲ 101%€27,579above the sector's middle half▼ 62.3%€13,566within the sector's middle half▼ 50.8%€15,770within the sector's middle half▲ 16.2%€21,130above the sector's middle half▲ 34.0%
Equity€20,460within the sector's middle half▼ 1.2%€20,539within the sector's middle half▲ 0.4%€20,605within the sector's middle half▲ 0.3%€20,875within the sector's middle half▲ 1.3%€21,005within the sector's middle half▲ 0.6%
Total assets€201,672within the sector's middle half▲ 21.1%€194,379within the sector's middle half▼ 3.6%€156,812within the sector's middle half▼ 19.3%€156,008within the sector's middle half▼ 0.5%€98,768within the sector's middle half▼ 36.7%
Debt€181,212▲ 24.3%€173,840▼ 4.1%€136,206▼ 21.6%€135,132▼ 0.8%€77,763▼ 42.5%
Working capital-€6,150within the sector's middle half▲ 64.5%€7,773within the sector's middle half€25,553within the sector's middle half▲ 229%€28,744within the sector's middle half▲ 12.5%€22,610within the sector's middle half▼ 21.3%
Solvency10.1%within the sector's middle half▼ 2.3pp10.6%within the sector's middle half▲ 0.4pp13.1%within the sector's middle half▲ 2.6pp13.4%within the sector's middle half▲ 0.2pp21.3%within the sector's middle half▲ 7.9pp
Current ratio0.96within the sector's middle half▲ 0.091.05within the sector's middle half▲ 0.081.20within the sector's middle half▲ 0.161.23within the sector's middle half▲ 0.031.31within the sector's middle half▲ 0.08
Return on assets (ROA)36.2%above the sector's middle half▲ 14.4pp14.2%above the sector's middle half▼ 22.0pp8.7%within the sector's middle half▼ 5.5pp10.1%within the sector's middle half▲ 1.5pp21.4%above the sector's middle half▲ 11.3pp
Staff (FTE)1.2within the sector's middle half=1.2=1.2=1.2=1.2=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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
The operating result returns to profit in 2024: €29,025 after a loss of €2,950 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98,768
Fixed assets
€3,563 ▲ 38.7%
Current assets
€95,205 ▼ 38.0%
Equity and liabilities €98,768
Equity
€21,005 ▲ 0.6%
Debt
€77,763 ▼ 42.5%
Debt's share of the balance-sheet total falls from 86.6% to 78.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,281▲
2023 · €930
Cash flow
€23,385▲
2023 · €19,650
Quick ratio
1.25▲
2023 · 1.02
Debt to equity
3.70▼
2023 · 6.47
ROE
100.6%▲
2023 · 75.5%
Interest coverage
60.17▲
2023 · 1.43
Debt ≤ 1 year
€72,595▼
2023 · €124,694
Income taxes
€7,425▲
2023 · €6,101
Staff costs
€77,493▲
2023 · €77,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% 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
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,818 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,750 | - | - | €9,050 | - |
| Remuneration, social security and pensions62 | - | €69,558 | €72,900 | €77,351 | €77,493 | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,513 | €15,246 | €13,737 | €3,880 | €2,255 | ▼ 41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,808 | - | €10,800 | - | - |
| Other operating charges640/8 | - | €2,427 | €2,806 | €3,135 | €1,360 | ▼ 56.6% |
| Gross operating margin9900 | €169,825 | €112,614 | €85,926 | €92,216 | €110,133 | ▲ 19.4% |
| Operating profit (loss)9901 | €92,055 | €23,575 | -€3,516 | -€2,950 | €29,025 | ▲ 1,084% |
| Financial income75/76B | - | €13,093 | €23,692 | €25,469 | €49 | ▼ 99.8% |
| Recurring financial income75 | €9 | €13,093 | €23,692 | €25,469 | €49 | ▼ 99.8% |
| Financial charges65/66B | - | €216 | €4 | €649 | €520 | ▼ 19.8% |
| Recurring financial charges65 | €1,110 | €216 | €4 | €649 | €520 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €90,954 | €36,452 | €20,172 | €21,871 | €28,554 | ▲ 30.6% |
| Income taxes67/77 | €18,412 | €8,872 | €6,607 | €6,101 | €7,425 | ▲ 21.7% |
| Profit (loss) for the period9904 | €73,061 | €27,579 | €13,566 | €15,770 | €21,130 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €73,061 | €27,579 | €13,566 | €15,770 | €21,130 | ▲ 34.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201,672 | €194,379 | €156,812 | €156,008 | €98,768 | ▼ 36.7% |
| Fixed assets21/28 | €34,710 | €19,464 | €6,250 | €2,569 | €3,563 | ▲ 38.7% |
| Tangible fixed assets22/27 | €34,586 | €19,340 | €6,126 | €2,245 | €3,239 | ▲ 44.3% |
| Plant, machinery and equipment23 | - | €6,641 | €3,320 | €1,508 | €2,251 | ▲ 49.3% |
| Furniture and vehicles24 | - | €9,817 | €1,650 | - | €548 | - |
| Other tangible fixed assets26 | - | €2,882 | €1,155 | €738 | €440 | ▼ 40.3% |
| Financial fixed assets28 | €124 | €124 | €124 | €324 | €324 | = |
| Current assets29/58 | €166,961 | €174,915 | €150,562 | €153,438 | €95,205 | ▼ 38.0% |
| Stocks and contracts in progress3 | €10,639 | €5,896 | €21,660 | €26,278 | €4,418 | ▼ 83.2% |
| Stocks30/36 | - | €5,896 | €21,660 | €26,278 | €4,418 | ▼ 83.2% |
| Amounts receivable within one year40/41 | €55,858 | €43,008 | €62,657 | €38,736 | €24,866 | ▼ 35.8% |
| Trade receivables40 | - | €36,680 | €47,329 | €35,836 | €14,369 | ▼ 59.9% |
| Other amounts receivable41 | - | €6,328 | €15,328 | €2,900 | €10,496 | ▲ 262% |
| Current investments50/53 | €2,609 | €2,609 | €2,609 | €2,609 | €2,609 | = |
| Cash at bank and in hand54/58 | €89,694 | €110,458 | €51,945 | €73,877 | €60,603 | ▼ 18.0% |
| Deferred charges and accrued income490/1 | - | €12,945 | €11,692 | €11,939 | €2,709 | ▼ 77.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201,672 | €194,379 | €156,812 | €156,008 | €98,768 | ▼ 36.7% |
| Equity10/15 | €20,460 | €20,539 | €20,605 | €20,875 | €21,005 | ▲ 0.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €9 | €88 | €154 | €424 | €554 | ▲ 30.6% |
| Amounts payable17/49 | €181,212 | €173,840 | €136,206 | €135,132 | €77,763 | ▼ 42.5% |
| Amounts payable after more than one year17 | €2,631 | - | - | - | - | - |
| Amounts payable within one year42/48 | €173,112 | €167,142 | €125,009 | €124,694 | €72,595 | ▼ 41.8% |
| Current portion of amounts payable after more than one year42 | - | €3,140 | - | - | - | - |
| Financial debts43 | - | €15,000 | €15,000 | - | €8,836 | - |
| Credit institutions430/8 | - | €15,000 | €15,000 | - | €8,836 | - |
| Trade debts44 | €51,539 | €57,286 | €42,206 | €40,518 | €23,007 | ▼ 43.2% |
| Suppliers440/4 | - | €57,286 | €42,206 | €40,518 | €23,007 | ▼ 43.2% |
| Taxes, remuneration and social security45 | - | €12,717 | €13,556 | €18,478 | €9,413 | ▼ 49.1% |
| Taxes450/3 | - | €5,358 | €5,662 | €5,188 | €809 | ▼ 84.4% |
| Remuneration and social security454/9 | - | €7,359 | €7,894 | €13,291 | €8,604 | ▼ 35.3% |
| Other amounts payable47/48 | - | €78,998 | €54,248 | €65,698 | €31,338 | ▼ 52.3% |
| Accrued charges and deferred income492/3 | - | €6,697 | €11,197 | €10,438 | €5,168 | ▼ 50.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,061 | €27,579 | €13,566 | €15,770 | €21,130 | ▲ 34.0% |
| + Depreciation and write-downs630 | €22,513 | €15,246 | €13,737 | €3,880 | €2,255 | ▼ 41.9% |
| Operating cash flow (approximation) | €95,574 | €42,826 | €27,303 | €19,650 | €23,385 | ▲ 19.0% |
| Investment in fixed assets (approximation) | - | €0 | -€523 | -€200 | -€3,249 | ▼ 1,525% |
| Change in cash | - | €20,764 | -€58,513 | €21,932 | -€13,274 | ▼ 161% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €13,566 ▼50.8%
Net result drops to €13,566, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €73,061 ▲101%
Operating result €92,055, net result €73,061, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 1997
Ground area
2,383 m²
Building footprint
1,279 m²
Volume, LiDAR
7,211 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KEUKEN EN INTERIEUR DRECO
since 19972.081.417.189
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126B0233/00F006 | Flanders | 1,857 m² | 1 · 891 m² | 11.8 m · 2 fl. |
| 24126B0167/00A002 | Flanders | 526 m² | 1 · 388 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. 926 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
Founded10-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460386744
Registered
27-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.