Skip to content

Drujas

Active
Private limited companyfounded 2024active for 1 yearRusselt 105, 3830 Wellen, BelgiumKBO/BCE: BE 1017.770.322

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-07-2026 at the NBB all 2 filings

Turnover
≈ €98,000
Estimated: probably between €45,000 and €230,000
Total assets
€437,825▲ 340%
2024 · €99,500
Net result
-€7,028▼ 1,306%
2024 · -€500
Working capital
-€149,626
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is a loss of €1,138. 2025 is the only financial year with this figure.

Net result-€7,028 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€1,138
Net result-€500--€7,028▼ 1,306%
Equity€99,500-€92,472▼ 7.1%
Total assets€99,500-€437,825▲ 340%
Debt€345,353
Working capital-€149,626
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €434,518
Fixed assets €424,434
Current assets €10,084
Equity and liabilities €437,825
Equity €92,472
Debt €345,353
Debt's share of the balance-sheet total is 78.9%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,648
Cash flow
€5,758
Current ratio
0.06
Debt to equity
3.73
ROE
-7.6%▼
2024 · -0.5%
ROA
-1.6%▼
2024 · -0.5%
Interest coverage
1.96
Debt ≤ 1 year
€159,710
Debt > 1 year
€185,643
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item20242025
Mortgages, amount registered-€50,000
Mortgage mandates-€150,000
Carrying value of the mortgaged assets-€394,322

Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20242025
Tangible fixed assets-€434,764
Depreciation and write-downs of the year-€12,786

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€99,500€437,825▲
Formation expenses20-€3,308
Fixed assets21/28-€424,434
Tangible fixed assets22/27-€424,434
Land and buildings22-€424,434
Current assets29/58€99,500€10,084▼
Amounts receivable within one year40/41-€5,000
Other amounts receivable41-€5,000
Cash at bank and in hand54/58€99,500€3,624▼
Deferred charges and accrued income490/1-€1,460
Equity and liabilities
Total equity and liabilities10/49€99,500€437,825▲
Equity10/15€99,500€92,472▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€500-€7,528▼
Amounts payable17/49-€345,353
Amounts payable after more than one year17-€185,643
Financial debts170/4-€185,643
Amounts payable within one year42/48-€159,710
Financial debts43-€7,590
Credit institutions430/8-€7,590
Trade debts44-€138
Suppliers440/4-€138
Other amounts payable47/48-€151,982
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€12,786
Other operating charges640/8-€1,151
Gross operating margin9900-€12,799
Operating profit (loss)9901--€1,138
Financial income75/76B-€59
Recurring financial income75-€59
Financial charges65/66B€500€5,949▲
Recurring financial charges65€500€5,949▲
Profit (loss) for the period before taxes9903-€500-€7,028▼
Profit (loss) for the period9904-€500-€7,028▼
Profit (loss) for the period to be appropriated9905-€500-€7,028▼
Appropriation of the result
Profit (loss) to be appropriated9906-€500-€7,528▼
Profit (loss) brought forward from the previous period14P--€500

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€12,786-
Other operating charges640/8-€1,151-
Gross operating margin9900-€12,799-
Operating profit (loss)9901--€1,138-
Financial income75/76B-€59-
Recurring financial income75-€59-
Financial charges65/66B€500€5,949▲ 12×
Recurring financial charges65€500€5,949▲ 12×
Profit (loss) for the period before taxes9903-€500-€7,028▼ 1,306%
Profit (loss) for the period9904-€500-€7,028▼ 1,306%
Profit (loss) for the period to be appropriated9905-€500-€7,028▼ 1,306%
Line20242025Change
Assets
Total assets20/58€99,500€437,825▲ 340%
Formation expenses20-€3,308-
Fixed assets21/28-€424,434-
Tangible fixed assets22/27-€424,434-
Land and buildings22-€424,434-
Current assets29/58€99,500€10,084▼ 89.9%
Amounts receivable within one year40/41-€5,000-
Other amounts receivable41-€5,000-
Cash at bank and in hand54/58€99,500€3,624▼ 96.4%
Deferred charges and accrued income490/1-€1,460-
Equity and liabilities
Total equity and liabilities10/49€99,500€437,825▲ 340%
Equity10/15€99,500€92,472▼ 7.1%
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€500-€7,528▼ 1,406%
Amounts payable17/49-€345,353-
Amounts payable after more than one year17-€185,643-
Financial debts170/4-€185,643-
Amounts payable within one year42/48-€159,710-
Financial debts43-€7,590-
Credit institutions430/8-€7,590-
Trade debts44-€138-
Suppliers440/4-€138-
Other amounts payable47/48-€151,982-
Line20242025Change
Profit (loss) for the period9904-€500-€7,028▼ 1,306%
+ Depreciation and write-downs630-€12,786-
Operating cash flow (approximation)-€500€5,758-
Change in cash--€95,876-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 173 companies had the same profile as Drujas has now. Two years later, 2.9% had gone bankrupt and 94.2% were still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a small loss
2.9% went bankrupt
2.3% stopped otherwise
94.2% was still going

Another 0.6% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Drujas itself is lower: 0.4% within 12 months. It rests on far more data about Drujas than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 173 companies, not a prediction for Drujas. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00341111 PDF
31-12-2024 micro format 28-07-2025 2025-00316144 PDF

Next steps