DRY CEUNINGHEN
ActiveSummary
DRY CEUNINGHEN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €2k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+4
Solvency100▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.64 against 3.05 in 2024; short-term debt: 20% and cash: 32.9% of total assets), and 20% of the assets are financed with debt.
Credit check for your own amount and term
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
80%
Return on assets
1.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-02-2026, 19 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 filingsDeviation from the deadline
2025
19 d late
2024
31 d early
2023
9 d late
2022
4 d early
2021
17 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 2.0%
2024 · €83k
2019: €103k
2020: €107k▲ +4.1% vs 2019
2021: €122k▲ +13.9% vs 2020
2022: €123k▲ +0.6% vs 2021highest in 7 years
2023: €84k▼ -31.5% vs 2022
2024: €83k▼ -1.5% vs 2023lowest in 7 years
2025: €85k▲ +2.0% vs 2024
2019 → 2025
Total assets
€106k▼ 8.8%
2024 · €116k
2019: €112k
2020: €121k▲ +8.0% vs 2019
2021: €136k▲ +12.0% vs 2020
2022: €135k▼ -0.5% vs 2021
2023: €149k▲ +10.1% vs 2022highest in 7 years
2024: €116k▼ -21.9% vs 2023
2025: €106k▼ -8.8% vs 2024lowest in 7 years
2019 → 2025
Net result
€2k
2024 · €-1k
2019: €3k
2020: €4k▲ +36.8% vs 2019
2021: €15k▲ +254% vs 2020highest in 7 years
2022: €715▼ -95.2% vs 2021
2023: €1k▲ +71.6% vs 2022
2024: €-1k▼ -200% vs 2023lowest in 7 years
2025: €2k▲ +235% vs 2024
2019 → 2025
Working capital
€77k▲ 13.7%
2024 · €68k
2019: €103k
2020: €107k▲ +4.2% vs 2019
2021: €119k▲ +10.9% vs 2020highest in 7 years
2022: €108k▼ -9.2% vs 2021
2023: €62k▼ -42.8% vs 2022lowest in 7 years
2024: €68k▲ +9.8% vs 2023
2025: €77k▲ +13.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€123k▲ 0.6%€84k▼ 31.5%€83k▼ 1.5%€85k▲ 2.0%
2021: €122k
2022: €123k▲ +0.6% vs 2021highest in 5 years
2023: €84k▼ -31.5% vs 2022
2024: €83k▼ -1.5% vs 2023lowest in 5 years
2025: €85k▲ +2.0% vs 2024
Operating result€15k-€851▼ 94.4%€1k▲ 59.2%€-1k€2k
2021: €15khighest in 5 years
2022: €851▼ -94.4% vs 2021
2023: €1k▲ +59.2% vs 2022
2024: €-1k▼ -181% vs 2023lowest in 5 years
2025: €2k▲ +265% vs 2024
Net result€15k-€715▼ 95.2%€1k▲ 71.6%€-1k€2k
2021: €15khighest in 5 years
2022: €715▼ -95.2% vs 2021
2023: €1k▲ +71.6% vs 2022
2024: €-1k▼ -200% vs 2023lowest in 5 years
2025: €2k▲ +235% vs 2024
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: €2k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€7k ▼ 50.6%
Current assets
€98k ▼ 2.5%
Equity and liabilities €106k
Equity
€85k ▲ 2.0%
Debt
€21k ▼ 35.9%
Debt's share of the balance-sheet total falls from 28.5% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▲
2024 · €8k
Cash flow
€11k▲
2024 · €8k
Current ratio
4.64▲
2024 · 3.05
Quick ratio
4.02▲
2024 · 2.60
Debt to equity
0.25▼
2024 · 0.40
ROE
2.0%▲
2024 · -1.5%
ROA
1.6%▲
2024 · -1.1%
Interest coverage
68.31▲
2024 · 53.43
Debt ≤ 1 year
€21k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€116k€106k▼
Fixed assets21/28€15k€7k▼
Tangible fixed assets22/27€15k€7k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€9k€4k▼
Current assets29/58€101k€98k▼
Stocks and contracts in progress3€15k€13k▼
Stocks30/36€15k€13k▼
Amounts receivable within one year40/41€47k€49k▲
Trade receivables40€45k€48k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€37k€35k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€116k€106k▼
Equity10/15€83k€85k▲
Contributions10/11€136k€136k=
Reserves13€33k€33k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-86k€-84k▲
Amounts payable17/49€33k€21k▼
Amounts payable within one year42/48€33k€21k▼
Trade debts44€11k€11k=
Suppliers440/4€11k€11k=
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9€0€4k▲
Other amounts payable47/48€17k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€9k€12k▲
Operating profit (loss)9901€-1k€2k▲
Financial income75/76B€15€13▼
Recurring financial income75€15€13▼
Financial charges65/66B€147€157▲
Recurring financial charges65€147€157▲
Profit (loss) for the period before taxes9903€-1k€2k▲
Profit (loss) for the period9904€-1k€2k▲
Profit (loss) for the period to be appropriated9905€-1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-84k▲
Profit (loss) brought forward from the previous period14P€-84k€-86k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €7k | €9k | €9k | ▼ 0.4% |
| Other operating charges640/8 | - | €635 | €2k | €1k | €1k | ▼ 31.6% |
| Gross operating margin9900 | €24k | €5k | €10k | €9k | €12k | ▲ 25.8% |
| Operating profit (loss)9901 | €15k | €851 | €1k | €-1k | €2k | ▲ 265% |
| Financial income75/76B | - | €14 | €0 | €15 | €13 | ▼ 14.4% |
| Recurring financial income75 | €0 | €14 | €0 | €15 | €13 | ▼ 14.4% |
| Financial charges65/66B | - | €150 | €128 | €147 | €157 | ▲ 6.8% |
| Recurring financial charges65 | €158 | €150 | €128 | €147 | €157 | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €15k | €715 | €1k | €-1k | €2k | ▲ 235% |
| Profit (loss) for the period9904 | €15k | €715 | €1k | €-1k | €2k | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €15k | €715 | €1k | €-1k | €2k | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136k | €135k | €149k | €116k | €106k | ▼ 8.8% |
| Fixed assets21/28 | €3k | €15k | €22k | €15k | €7k | ▼ 50.6% |
| Tangible fixed assets22/27 | €3k | €15k | €22k | €15k | €7k | ▼ 50.6% |
| Plant, machinery and equipment23 | - | €4k | €8k | €6k | €3k | ▼ 41.1% |
| Furniture and vehicles24 | - | €11k | €15k | €9k | €4k | ▼ 56.4% |
| Current assets29/58 | €133k | €120k | €126k | €101k | €98k | ▼ 2.5% |
| Stocks and contracts in progress3 | €10k | €30k | €25k | €15k | €13k | ▼ 12.3% |
| Stocks30/36 | - | €30k | €25k | €15k | €13k | ▼ 12.3% |
| Amounts receivable within one year40/41 | €103k | €62k | €66k | €47k | €49k | ▲ 3.2% |
| Trade receivables40 | - | €40k | €63k | €45k | €48k | ▲ 5.7% |
| Other amounts receivable41 | - | €22k | €4k | €2k | €1k | ▼ 47.2% |
| Cash at bank and in hand54/58 | €18k | €27k | €33k | €37k | €35k | ▼ 6.5% |
| Deferred charges and accrued income490/1 | - | €636 | €2k | €1k | €2k | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136k | €135k | €149k | €116k | €106k | ▼ 8.8% |
| Equity10/15 | €122k | €123k | €84k | €83k | €85k | ▲ 2.0% |
| Contributions10/11 | - | €136k | €136k | €136k | €136k | = |
| Reserves13 | €142k | €142k | €102k | €33k | €33k | = |
| Non-distributable reserves130/1 | - | €9k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €9k | €0 | - | - | - |
| Distributable reserves133 | - | €134k | €102k | €33k | €33k | = |
| Profit (loss) carried forward14 | €-156k | €-156k | €-154k | €-86k | €-84k | ▲ 1.9% |
| Amounts payable17/49 | €13k | €12k | €64k | €33k | €21k | ▼ 35.9% |
| Amounts payable within one year42/48 | €13k | €12k | €64k | €33k | €21k | ▼ 35.9% |
| Trade debts44 | €5k | €3k | €19k | €11k | €11k | = |
| Suppliers440/4 | - | €3k | €19k | €11k | €11k | = |
| Taxes, remuneration and social security45 | - | €8k | €8k | €5k | €7k | ▲ 36.0% |
| Taxes450/3 | - | €5k | €5k | €5k | €3k | ▼ 34.0% |
| Remuneration and social security454/9 | - | €3k | €3k | €0 | €4k | - |
| Other amounts payable47/48 | - | €761 | €38k | €17k | €3k | ▼ 80.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €715 | €1k | €-1k | €2k | ▲ 235% |
| + Depreciation and write-downs630 | €1k | €3k | €7k | €9k | €9k | ▼ 0.4% |
| Operating cash flow (approximation) | €16k | €4k | €8k | €8k | €11k | ▲ 37.0% |
| Investment in fixed assets (approximation) | - | €-15k | €-15k | €-2k | €-1k | ▲ 23.5% |
| Change in cash | - | €9k | €6k | €4k | €-2k | ▼ 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
Next filing, fiscal year 2026, expected by
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-06
Financial
Highest result since 2019net €15k ▲254%
Operating result €15k, net result €15k, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-01
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 3 acts read
About the unread acts
We know of 3 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
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, Brugge · 1 establishment unit since 2007
Ground area
388 m²
Building footprint
222 m²
Volume, LiDAR
1,540 m³
Parcel 31803C0653/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DRY CEUNINGHEN
since 20072.158.544.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0653/00R000 | Flanders | 388 m² | 1 · 222 m² | 9.8 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,614 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
Founded17-10-2006
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
43110Demolition
Scores and ratios are computed by Checked and are not a credit decision.