DRIVE
ActiveSummary
DRIVE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €656,217 and a net result of €390,828. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+57
Solvency86▲+21
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 0.37 in 2024; short-term debt: 38.6% and cash: 10.3% of total assets), and 38.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
61.4%
Return on assets
36.6%
Age of the figures
9 mo
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €656,217
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
35 d early
2023
23 d early
2022
39 d early
2021
33 d early
2020
2 d early
2019
8 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 21 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€656,217▲ 147%
2024 · €265,389
Total assets
€1.1m▲ 61.9%
2024 · €660,109
Net result
€390,828
2024 · -€25,146
Working capital
€656,217
2024 · -€250,466
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€29,391▼ 3.1%-€43,637▼ 48.5%-€27,261▲ 37.5%-€24,515▲ 10.1%€429,209
Net result-€30,130▼ 6.6%-€44,336▼ 47.2%-€26,801▲ 39.5%-€25,146▲ 6.2%€390,828
Equity€361,673▼ 45.4%€317,337▼ 12.3%€290,535▼ 8.4%€265,389▼ 8.7%€656,217▲ 147%
Total assets€775,973▼ 4.2%€720,788▼ 7.1%€679,339▼ 5.8%€660,109▼ 2.8%€1.1m▲ 61.9%
Debt€414,301▲ 180%€403,451▼ 2.6%€388,804▼ 3.6%€394,719▲ 1.5%€412,630▲ 4.5%
Working capital€44,736▼ 6.0%€30,846▼ 31.0%-€240,445-€250,466▼ 4.2%€656,217
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 2025: €429,209 after a loss of €24,515 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity
€656,217 ▲ 147%
Debt
€412,630 ▲ 4.5%
Debt's share of the balance-sheet total falls from 59.8% to 38.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€429,209▲
2024 · €4,644
Cash flow
€390,828▲
2024 · €4,013
Current ratio
2.59▲
2024 · 0.37
Debt to equity
0.63▼
2024 · 1.49
ROE
59.6%▲
2024 · -9.5%
ROA
36.6%▲
2024 · -3.8%
Interest coverage
9537.97▲
2024 · 3.43
Debt ≤ 1 year
€412,630▲
2024 · €394,719
Income taxes
€39,083
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 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 17,792 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €414,436 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,094 | €30,446 | €29,455 | €29,159 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,131 | €1,320 | €1,427 | €1,449 | €3,432 | ▲ 137% |
| Non-recurring operating charges66A | €305 | €0 | - | - | - | - |
| Gross operating margin9900 | €11,139 | -€11,871 | €3,622 | €6,093 | €432,641 | ▲ 7,001% |
| Operating profit (loss)9901 | -€29,391 | -€43,637 | -€27,261 | -€24,515 | €429,209 | ▲ 1,851% |
| Financial income75/76B | €0 | €15 | €498 | €722 | €747 | ▲ 3.5% |
| Recurring financial income75 | €0 | €15 | €498 | €722 | €747 | ▲ 3.5% |
| Financial charges65/66B | €739 | €714 | €39 | €1,353 | €45 | ▼ 96.7% |
| Recurring financial charges65 | €739 | €714 | €39 | €1,353 | €45 | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | -€30,130 | -€44,336 | -€26,801 | -€25,146 | €429,911 | ▲ 1,810% |
| Income taxes67/77 | - | - | - | - | €39,083 | - |
| Profit (loss) for the period9904 | -€30,130 | -€44,336 | -€26,801 | -€25,146 | €390,828 | ▲ 1,654% |
| Profit (loss) for the period to be appropriated9905 | -€30,130 | -€44,336 | -€26,801 | -€25,146 | €390,828 | ▲ 1,654% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €775,973 | €720,788 | €679,339 | €660,109 | €1.1m | ▲ 61.9% |
| Fixed assets21/28 | €587,612 | €557,165 | €530,980 | €515,856 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €586,301 | €555,855 | €529,670 | €515,856 | €0 | ▼ 100% |
| Land and buildings22 | €576,821 | €550,610 | €524,400 | €498,190 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €5,566 | €3,879 | €3,494 | €16,487 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,915 | €1,366 | €1,776 | €1,179 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,311 | €1,311 | €1,311 | €0 | - | - |
| Current assets29/58 | €188,362 | €163,622 | €148,358 | €144,253 | €1.1m | ▲ 641% |
| Stocks and contracts in progress3 | €86,340 | €2,500 | €2,500 | €2,500 | €0 | ▼ 100% |
| Stocks30/36 | €86,340 | €2,500 | €2,500 | €2,500 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1,033 | €7 | €556 | €3,546 | €957,161 | ▲ 26,889% |
| Trade receivables40 | €37 | €0 | €0 | €0 | €956,944 | - |
| Other amounts receivable41 | €997 | €7 | €556 | €3,546 | €217 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €95,876 | €157,700 | €142,773 | €136,944 | €110,444 | ▼ 19.4% |
| Deferred charges and accrued income490/1 | €5,113 | €3,415 | €2,529 | €1,262 | €1,243 | ▼ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €775,973 | €720,788 | €679,339 | €660,109 | €1.1m | ▲ 61.9% |
| Equity10/15 | €361,673 | €317,337 | €290,535 | €265,389 | €656,217 | ▲ 147% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €341,673 | €297,337 | €270,535 | €245,389 | €636,217 | ▲ 159% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €341,673 | €297,337 | €270,535 | €245,389 | €636,217 | ▲ 159% |
| Amounts payable17/49 | €414,301 | €403,451 | €388,804 | €394,719 | €412,630 | ▲ 4.5% |
| Amounts payable after more than one year17 | €270,000 | €270,000 | €0 | - | - | - |
| Financial debts170/4 | €270,000 | €270,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €143,626 | €132,776 | €388,804 | €394,719 | €412,630 | ▲ 4.5% |
| Trade debts44 | €2,046 | €1,940 | €1,221 | €1,076 | €159 | ▼ 85.3% |
| Suppliers440/4 | €2,046 | €1,940 | €1,221 | €1,076 | €159 | ▼ 85.3% |
| Taxes, remuneration and social security45 | €1,647 | €2,471 | €29 | €0 | €48,961 | - |
| Taxes450/3 | €1,647 | €2,471 | €29 | €0 | €48,961 | - |
| Other amounts payable47/48 | €139,932 | €128,365 | €387,553 | €393,644 | €363,510 | ▼ 7.7% |
| Accrued charges and deferred income492/3 | €675 | €675 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,130 | -€44,336 | -€26,801 | -€25,146 | €390,828 | ▲ 1,654% |
| + Depreciation and write-downs630 | €39,094 | €30,446 | €29,455 | €29,159 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €8,964 | -€13,890 | €2,653 | €4,013 | €390,828 | ▲ 9,638% |
| Investment in fixed assets (approximation) | - | €0 | -€3,270 | -€14,035 | €515,856 | ▲ 3,776% |
| Change in cash | - | €61,824 | -€14,927 | -€5,829 | -€26,501 | ▼ 355% |
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
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €390,828
Net result €390,828 after 7 loss-making years.
31-12
Financial
Liquidity times 7current ratio 2.59
Current ratio from 0.37 to 2.59.
31-12
Financial
Equity above €500,000Eq €656,217 ▲147%
Equity rises from €265,389 to €656,217.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€44,336
Net result drops to -€44,336, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Deinze · 1 establishment unit since 2007
Ground area
2,661 m²
Building footprint
214 m²
Volume, LiDAR
1,105 m³
Parcel 44039B0279/00C000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DRIVE O2
since 20072.164.001.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44039B0279/00C000 | Flanders | 2,661 m² | 1 · 214 m² | 8.7 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.
Similar companies · same sector, comparable size
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GARAGE LIJNEN
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CALLANT TRUCKS
BE 0471.510.169
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GARAGE DE DONCKER
BE 0645.509.660
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,128. 649 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
Founded10-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
46851Wholesale of industrial chemicals
64210Activities of holding companies
70200Business and other management consultancy
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890740508
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.