DRIES & CO

Active

Private limited companyfounded 200917 yrs activeGalgenbergstraat 24, 3950 Bocholt, BelgiumKBO/BCE: BE 0809.066.904

DRIES & CO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €-5k. Equity is shrinking by ~35% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability34▲+11

Solvency31▼-3

Growth32=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.17 against 0.05 in 2023; short-term debt: 9.6% and cash: 1% of total assets), and 93.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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 2024

Solvency, return and age of the figures

Solvency

6.2%

Return on assets

-3%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-5k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

16 d early

2022

31 d late

2021

29 d late

2020

19 d late

2019

31 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€11k▼ 32.4%

2023 · €16k

2018: €141k 2019: €98k 2020: €56k 2021: €43k 2022: €27k 2023: €16k

2018 → 2024

Total assets

€180k▼ 4.4%

2023 · €188k

2018: €324k 2019: €270k 2020: €268k 2021: €230k 2022: €203k 2023: €188k

2018 → 2024

Net result

€-5k▲ 47.7%

2023 · €-10k

2018: €5k 2019: €-44k 2020: €-42k 2021: €-13k 2022: €-17k 2023: €-10k

2018 → 2024

Working capital

€-14k▲ 11.2%

2023 · €-16k

2018: €13k 2019: €-15k 2020: €-7k 2021: €-10k 2022: €-14k 2023: €-16k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€56k-€43k▼ 22.9%€27k▼ 38.4%€16k▼ 38.3%€11k▼ 32.4%

Operating result€-38k-€-9k▲ 76.4%€-13k▼ 46.7%€-6k▲ 56.2%€-2k▲ 73.8%

Net result€-42k-€-13k▲ 69.5%€-17k▼ 29.5%€-10k▲ 38.6%€-5k▲ 47.7%

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 stays negative: a loss of €2k in 2024 against €6k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €180k

98.4%

Fixed assets €177k▼ 5.5%

Current assets €3k▲ 247%

Equity and liabilities €180k

93.8%

Equity €11k▼ 32.4%

Debt €168k▼ 1.7%

The debt ratio rises from 91.3% to 93.8%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▲

2023 · €6k

Cash flow

€5k▲

2023 · €1k

Solvency

6.2%▼

2023 · 8.7%

Current ratio

0.17▲

2023 · 0.05

Quick ratio

0.17▲

2023 · 0.05

Debt / equity

15.18▲

2023 · 10.44

ROE

-47.9%▲

2023 · -62.0%

ROA

-3.0%▲

2023 · -5.4%

Interest coverage

2.30▲

2023 · 1.27

Debt

€168k▼

2023 · €171k

Debt ≤ 1 year

€17k▲

2023 · €17k

Debt > 1 year

€150k▼

2023 · €153k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€188k€180k▼

Fixed assets21/28€187k€177k▼

Tangible fixed assets22/27€187k€177k▼

Land and buildings22€184k€175k▼

Plant, machinery and equipment23€3k€2k▼

Current assets29/58€842€3k▲

Cash at bank and in hand54/58€642€2k▲

Deferred charges and accrued income490/1€200€1k▲

Equity and liabilities

Total equity and liabilities10/49€188k€180k▼

Equity10/15€16k€11k▼

Contributions10/11€6k€6k=

Reserves13€10k€5k▼

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€10k€5k▼

Amounts payable17/49€171k€168k▼

Amounts payable after more than one year17€153k€150k▼

Financial debts170/4€59k€42k▼

Other amounts payable178/9€93k€107k▲

Amounts payable within one year42/48€17k€17k▲

Current portion of amounts payable after more than one year42€17k€17k▲

Taxes, remuneration and social security45€247€247=

Taxes450/3€247€247=

Accrued charges and deferred income492/3€1k€1k=

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼

Other operating charges640/8€2k€2k▼

Gross operating margin9900€7k€10k▲

Operating profit (loss)9901€-6k€-2k▲

Financial charges65/66B€4k€4k▼

Recurring financial charges65€4k€4k▼

Profit (loss) for the period before taxes9903€-10k€-5k▲

Profit (loss) for the period9904€-10k€-5k▲

Profit (loss) for the period to be appropriated9905€-10k€-5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-10k€-5k▲

Transfer from equity791/2€10k€5k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

15-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

19-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 19 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 31 days late

2019

31-12

Financial Weakest financial yearnet €-44k ▼996%

Net result drops to €-44k, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

18-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Bocholt · 1 establishment unit since 2009

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Galgenbergstraat 243950 Bocholt

Ground area

2,724 m²

Building footprint

302 m²

Volume, LiDAR

1,401 m³

Parcel 72031A0050/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DRIES & CO

Galgenbergstraat 24, 3950 BocholtFinancial service activities, except insurance and pension funding

since 20092.175.483.435

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72031A0050/00G000	Flanders	2,724 m²	1 · 302 m²	7.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-01-2009

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.