Equity
€18,044 from €470,742 in 2018
Equity fell by 96% in 7 years.
Dry-wall
Lifetime
14 annual accounts with figures on one time axispeak €249,374 (2015)
€9,902▲ €49,501
lowest -€58,835 (2024)
-€3,288▲ €55,547
peak €470,742 (2018)
€18,044▼ 15.4%
€42,444▼ 12.4%
Board2 names since 2011
1 directorMAGRIET Kris
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Gross margin from -€39,599 to €9,902Loss of €3,288Registered office moved from Wachtebeke to Lochristi 30-04Equity from €21,332 to €18,044Cash from €2,155 to €5,727
Key points
from the 2025 annual accountsLosses
-€64,028 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€42,444 70% of the balance sheet
Financial debts 39%Suppliers 4%Taxes and wages 17%Other 40%
Of this, €25,836 falls due within a year.
2025 accounts filed 20 days after the deadline
Checked score
49
Fair
Financially stronger than 34% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 1.2%▲ +0.8 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +1.0 percentage point vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.3%● unchanged vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.2%▼ -0.1 percentage points vs 02-2026
04-2026: 5.4%▲ +3.2 percentage points vs 03-2026
05-2026: 5.3%▼ -0.1 percentage points vs 04-2026
06-2026: 5.2%▼ -0.1 percentage points vs 05-2026
07-2026: 5.5%▲ +0.3 percentage points vs 06-2026
08-2026: 6.7%▲ +1.2 percentage points vs 07-2026highest value
09-2026: 3.3%▼ -3.4 percentage points vs 08-2026
10-2026: 3.3%● unchanged vs 09-2026
11-2026: 3.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
2 changes of registered office in 24 months
Loss of €3,288, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 45% of them on solvency, 39% on liquidity, 29% on profitability and 22% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as Dry-wall has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Dry-wall itself is higher: 3.3% within 12 months. It rests on far more data about Dry-wall than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 2,166 companies, not a prediction for Dry-wall. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (0.43 in 2024), below 1. Short-term debt is 42.7% and cash 9.5% of total assets. 70.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,288
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 days late
2024
24 days early
2023
56 days early
2022
20 days early
2021
20 days early
2020
31 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Lochristi to Blankenberge
New registered office: Waterkasteelstraat 3 W1, 8370 Blankenberge · Previous registered office: Overslag 18A, 9185 Lochristi · General meeting of 12-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0837916286
Registered office moved from Wachtebeke to Lochristi
New registered office: Overslag 18A, 9185 Lochristi · Previous registered office: Overslag 18A, 9185 Wachtebeke · Resignation: Kathleen Goegebuer (director) · General meeting of 31-03-2025 · Gazette deed
Changes of role: MAGRIET Kris (statutory director) and GOEGEBUER Kathleen (statutory director)
General meeting of 08-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Dry-wall Blankenberge | - | - | 29.8% | - |
| JL PRODS & ADVICES Courcelles | €102,892 | -3.6% | 67.9% | - |
| DS Trade Namur | - | - | 43.1% | - |
| MB DAL Houyet | - | - | 77.3% | - |
| BRAVOURE Anzegem | - | - | 67.4% | - |
| Cotragim Beerse | - | - | 66.9% | - |
| HOGO SECURITY Brussels | €26,704 | 16.8% | 65.7% | - |
These companies have the same main activity as Dry-wall: retail trade (NACE 47529). They are comparable in size and age: total assets between €26,600 and €114,000, founded between 2005 and 2017.
Official details
Source: KBO- Status
- Active since 15-07-2011Normal situation
- Activity
- Retail tradeNACE 47529
- Establishment unit
- 2.201.421.3348370 Blankenberge, since 15-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2026
Insights on Dry-wall
Dry-wall files the micro format. That format states no turnover. The gross margin fell from €31,634 in 2012 to €9,902 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Dry-wall
- What is the company number of Dry-wall?
- The company number of Dry-wall is 0837.916.286. The VAT number is the same number with BE in front: BE 0837.916.286.
- Where is Dry-wall based?
- The registered office is at Waterkasteelstraat 3, 8370 Blankenberge.Company details
- What does Dry-wall do?
- According to the KBO register, the main activity is retail trade (NACE 47529).
- What is the legal form of Dry-wall?
- Dry-wall is a private limited company (BV).
- When was Dry-wall founded?
- Dry-wall was founded on 15-07-2011.
- Is Dry-wall still active?
- Yes, Dry-wall is an active enterprise in the KBO register.
- What is the turnover of Dry-wall?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €9,902 and 60 comparable companies (NACE 475). It probably lies between €55,000 and €260,000. It is a rough estimate.Financials
- Is Dry-wall profitable?
- In financial year 2025, Dry-wall made a loss of €3,288.
- Where can I find the annual accounts of Dry-wall?
- Dry-wall filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Dry-wall due?
- Dry-wall must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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