Drednot
ActiveSummary
Drednot has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €70,749. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 12.98 against 8.02 in 2024; short-term debt: 2.9% and cash: 7.7% of total assets), and 2.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.1%
Return on assets
4.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
115 d early
2023
62 d early
2022
136 d early
2021
3 d early
2020
2 d early
2019
2 d early
← 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 51 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 August (4 of the last 5 filed years within 59 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
€1.5m▲ 1.3%
2024 · €1.5m
Total assets
€1.6m=
2024 · €1.6m
Net result
€70,749▼ 44.7%
2024 · €127,893
Working capital
€534,797▲ 20.6%
2024 · €443,448
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€28,002▼ 33.8%€79,390▲ 184%€116,581▲ 46.8%€169,814▲ 45.7%€87,680▼ 48.4%
Net result€19,383within the sector's middle half▼ 31.3%€54,003above the sector's middle half▲ 179%€87,752within the sector's middle half▲ 62.5%€127,893above the sector's middle half▲ 45.7%€70,749above the sector's middle half▼ 44.7%
Equity€494,345above the sector's middle half▲ 4.1%€476,206above the sector's middle half▼ 3.7%€539,485within the sector's middle half▲ 13.3%€1.5mwithin the sector's middle half▲ 177%€1.5mabove the sector's middle half▲ 1.3%
Total assets€537,820within the sector's middle half▼ 5.9%€488,059within the sector's middle half▼ 9.3%€564,515below the sector's middle half▲ 15.7%€1.6mwithin the sector's middle half▲ 176%€1.6mabove the sector's middle half=
Debt€43,475▼ 55.1%€11,853▼ 72.7%€25,030▲ 111%€63,825▲ 155%€44,650▼ 30.0%
Working capital€163,883above the sector's middle half▲ 42.1%€174,352above the sector's middle half▲ 6.4%€262,755within the sector's middle half▲ 50.7%€443,448within the sector's middle half▲ 68.8%€534,797above the sector's middle half▲ 20.6%
Solvency91.9%above the sector's middle half▲ 8.9pp97.6%above the sector's middle half▲ 5.7pp95.6%above the sector's middle half▼ 2.0pp95.9%above the sector's middle half▲ 0.3pp97.1%above the sector's middle half▲ 1.2pp
Current ratio4.77above the sector's middle half▲ 1.9515.71above the sector's middle half▲ 10.9411.50above the sector's middle half▼ 4.218.02above the sector's middle half▼ 3.4812.98above the sector's middle half▲ 4.96
Return on assets (ROA)3.6%within the sector's middle half▼ 1.3pp11.1%above the sector's middle half▲ 7.5pp15.5%above the sector's middle half▲ 4.5pp8.2%above the sector's middle half▼ 7.4pp4.5%within the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€980,877 ▼ 6.9%
Current assets
€579,447 ▲ 14.4%
Equity and liabilities €1.6m
Equity
€1.5m ▲ 1.3%
Debt
€44,650 ▼ 30.0%
Debt's share of the balance-sheet total falls from 4.1% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,842▼
2024 · €231,860
Cash flow
€143,912▼
2024 · €189,939
Debt to equity
0.03▼
2024 · 0.04
ROE
4.7%▼
2024 · 8.5%
Interest coverage
90.32▼
2024 · 715.15
Debt ≤ 1 year
€44,650▼
2024 · €63,208
Income taxes
€27,365▼
2024 · €41,609
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
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 0.2% 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 6,045 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 | €72,636 | €28,608 | €28,063 | €62,046 | €73,162 | ▲ 17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | -€8,445 | €0 | - | - |
| Other operating charges640/8 | - | €7,462 | €7,634 | €21,704 | €20,213 | ▼ 6.9% |
| Gross operating margin9900 | €116,493 | €115,461 | €143,832 | €253,564 | €181,055 | ▼ 28.6% |
| Operating profit (loss)9901 | €28,002 | €79,390 | €116,581 | €169,814 | €87,680 | ▼ 48.4% |
| Financial income75/76B | - | €38 | €0 | €13 | €12,215 | ▲ 93,141% |
| Recurring financial income75 | €175 | €38 | €0 | €13 | €12,215 | ▲ 93,141% |
| Financial charges65/66B | - | €212 | €135 | €324 | €1,781 | ▲ 449% |
| Recurring financial charges65 | €534 | €212 | €135 | €324 | €1,781 | ▲ 449% |
| Profit (loss) for the period before taxes9903 | €27,642 | €79,216 | €116,446 | €169,503 | €98,114 | ▼ 42.1% |
| Income taxes67/77 | €8,260 | €25,214 | €28,694 | €41,609 | €27,365 | ▼ 34.2% |
| Profit (loss) for the period9904 | €19,383 | €54,003 | €87,752 | €127,893 | €70,749 | ▼ 44.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €14,240 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | €31,575 | €42,100 | €42,100 | = |
| Profit (loss) for the period to be appropriated9905 | €19,383 | €54,003 | €56,177 | €100,033 | €28,649 | ▼ 71.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €537,820 | €488,059 | €564,515 | €1.6m | €1.6m | = |
| Fixed assets21/28 | €330,463 | €301,854 | €276,730 | €1.1m | €980,877 | ▼ 6.9% |
| Tangible fixed assets22/27 | €330,463 | €301,854 | €276,730 | €1.1m | €980,877 | ▼ 6.9% |
| Land and buildings22 | - | €290,533 | €264,219 | €1.0m | €971,899 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €11,321 | €12,510 | €10,744 | €8,978 | ▼ 16.4% |
| Current assets29/58 | €207,357 | €186,205 | €287,785 | €506,656 | €579,447 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €8,184 | €4,962 | €14,098 | €49,663 | €34,808 | ▼ 29.9% |
| Trade receivables40 | - | €4,775 | €14,098 | €49,663 | €19,789 | ▼ 60.2% |
| Other amounts receivable41 | - | €187 | €0 | - | €15,019 | - |
| Current investments50/53 | - | - | - | €300,000 | €400,000 | ▲ 33.3% |
| Cash at bank and in hand54/58 | €196,193 | €179,860 | €266,349 | €132,366 | €119,533 | ▼ 9.7% |
| Deferred charges and accrued income490/1 | - | €1,383 | €7,337 | €24,627 | €25,106 | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €537,820 | €488,059 | €564,515 | €1.6m | €1.6m | = |
| Equity10/15 | €494,345 | €476,206 | €539,485 | €1.5m | €1.5m | ▲ 1.3% |
| Contributions10/11 | - | €20,000 | €20,000 | €40,000 | €40,000 | = |
| Reserves13 | €474,345 | €456,206 | €519,485 | €1.5m | €1.5m | ▲ 1.3% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Tax-exempt reserves132 | - | €14,240 | €45,815 | €157,875 | €199,975 | ▲ 26.7% |
| Distributable reserves133 | - | €439,966 | €471,670 | €1.3m | €1.3m | ▼ 1.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €43,475 | €11,853 | €25,030 | €63,825 | €44,650 | ▼ 30.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €43,475 | €11,853 | €25,030 | €63,208 | €44,650 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €4,647 | €2,390 | €0 | €17,324 | €38,825 | ▲ 124% |
| Suppliers440/4 | - | €2,390 | €0 | €17,324 | €38,825 | ▲ 124% |
| Taxes, remuneration and social security45 | - | €9,463 | €17,530 | €35,885 | €5,825 | ▼ 83.8% |
| Taxes450/3 | - | €9,463 | €17,530 | €35,885 | €5,825 | ▼ 83.8% |
| Other amounts payable47/48 | - | - | €7,500 | €10,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €616 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,383 | €54,003 | €87,752 | €127,893 | €70,749 | ▼ 44.7% |
| + Depreciation and write-downs630 | €72,636 | €28,608 | €28,063 | €62,046 | €73,162 | ▲ 17.9% |
| Operating cash flow (approximation) | €92,019 | €82,611 | €115,815 | €189,939 | €143,912 | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,939 | -€839,356 | €0 | ▲ 100% |
| Change in cash | - | -€16,334 | €86,490 | -€133,983 | -€12,833 | ▲ 90.4% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €127,893 ▲45.7%
Operating result €169,814, net result €127,893, both a record.
31-03
Financial
Equity above €1mEq €1.5m ▲177%
6 profitable years in a row build equity to €1.5m.
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €500,000Eq €539,485 ▲13.3%
5 profitable years in a row build equity to €539,485.
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 15.71
Current ratio from 4.77 to 15.71; short-term debt falls from €43,475 to €11,853.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €19,383 ▼31.3%
Net result drops to €19,383, the lowest in the series; recovery starts the following year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2008
Ground area
108 m²
Building footprint
108 m²
Volume, LiDAR
1,727 m³
Parcel 44805E1365/00S002, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drednot
since 20082.172.918.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1365/00S002 | Flanders | 108 m² | 1 · 108 m² | 18.2 m · 5 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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Of 588 companies in sector 68204 we hold annual accounts for 318. 204 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
Founded18-08-2008
Fiscal year end31-03
Activities, NACEBEL 2025
68204Real estate activities
68122Development of non-residential building projects
43211General electrical installation work
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899826438
Also
9925:BE0899826438
Registered
24-11-2023
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.