Summary
Drylock Technologies has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €605.2m and a net result of €41.1m. Equity is growing by ~2.9% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
21 d early
2023
34 d early
2022
14 d early
2021
18 d early
2020
11 d early
2019
25 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 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Zele#1 company by equity in Zele
Turnover
€34.8m▲ 35.6%
2023 · €25.6m
EBIT margin
79.7%▲ 3.6pp
2023 · 76.2%
Net result
€41.1m▲ 140%
2023 · €17.1m
Working capital
€113.4m▼ 29.9%
2023 · €161.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€14.2m€19.7m▲ 38.5%€10.0m▼ 49.3%€25.6m▲ 157%€34.8m▲ 35.6%
Operating result€11.9m€15.7m▲ 31.2%€4.2m▼ 73.2%€19.5m▲ 365%€27.7m▲ 41.9%
Net result€15.2mabove the sector's middle half€15.5mabove the sector's middle half▲ 2.1%€10.1mabove the sector's middle half▼ 34.8%€17.1mabove the sector's middle half▲ 69.5%€41.1mabove the sector's middle half▲ 140%
EBIT margin84.0%79.5%▼ 4.4pp42.0%▼ 37.5pp76.2%▲ 34.2pp79.7%▲ 3.6pp
Equity€571.4mabove the sector's middle half▲ 7.6%€586.9mabove the sector's middle half▲ 2.7%€597.0mabove the sector's middle half▲ 1.7%€614.1mabove the sector's middle half▲ 2.9%€605.2mabove the sector's middle half▼ 1.4%
Total assets€630.2mabove the sector's middle half▲ 6.3%€669.4mabove the sector's middle half▲ 6.2%€756.1mabove the sector's middle half▲ 13.0%€743.8mabove the sector's middle half▼ 1.6%€757.8mabove the sector's middle half▲ 1.9%
Debt€58.8m▼ 4.8%€82.5m▲ 40.3%€159.2m▲ 92.9%€129.7m▼ 18.5%€152.6m▲ 17.7%
Working capital€95.1mabove the sector's middle half▲ 20.4%€90.5mabove the sector's middle half▼ 4.8%€65.5mabove the sector's middle half▼ 27.6%€161.7mabove the sector's middle half▲ 147%€113.4mabove the sector's middle half▼ 29.9%
Solvency90.7%above the sector's middle half▲ 1.1pp87.7%above the sector's middle half▼ 3.0pp78.9%above the sector's middle half▼ 8.7pp82.6%above the sector's middle half▲ 3.6pp79.9%above the sector's middle half▼ 2.7pp
Current ratio2.95above the sector's middle half▲ 0.332.20within the sector's middle half▼ 0.751.50within the sector's middle half▼ 0.702.50within the sector's middle half▲ 1.001.88within the sector's middle half▼ 0.63
Return on assets (ROA)2.4%within the sector's middle half▲ 4.8pp2.3%within the sector's middle half▼ 0.1pp1.3%within the sector's middle half▼ 1.0pp2.3%within the sector's middle half▲ 1.0pp5.4%within the sector's middle half▲ 3.1pp
Staff (FTE)36.6above the sector's middle half▲ 6.7%38.2above the sector's middle half▲ 4.4%39.7above the sector's middle half▲ 3.9%41.2above the sector's middle half▲ 3.8%48.7above the sector's middle half▲ 18.2%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 42% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €757.8m
Fixed assets
€515.2m ▲ 8.6%
Current assets
€242.5m ▼ 9.9%
Equity and liabilities €757.8m
Equity
€605.2m ▼ 1.4%
Debt
€152.6m ▲ 17.7%
Debt's share of the balance-sheet total rises from 17.4% to 20.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
6.8%▲
2023 · 2.8%
Debt ≤ 1 year
€129.1m▲
2023 · €107.5m
Debt > 1 year
€10.0m▼
2023 · €14.3m
Income taxes
€2.0m▲
2023 · €94,342
Staff costs
€6.8m▲
2023 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €32.5m | €23.7m | €43.2m | €56.4m | ▲ 30.5% |
| Turnover70 | €14.2m | €19.7m | €10.0m | €25.6m | €34.8m | ▲ 35.6% |
| Own construction capitalised72 | - | €389,897 | €379,948 | €432,653 | €610,625 | ▲ 41.1% |
| Other operating income74 | - | €12.4m | €13.3m | €17.2m | €21.0m | ▲ 22.6% |
| Non-recurring operating income76A | - | - | - | €7,240 | €0 | ▼ 100% |
| Operating charges60/66A | - | €16.8m | €19.5m | €23.7m | €28.7m | ▲ 21.1% |
| Goods for resale, raw materials and consumables60 | - | €5,682 | - | - | €0 | - |
| Change in stocks: decrease (increase)609 | - | €5,682 | - | - | €0 | - |
| Services and other goods61 | - | €9.3m | €11.5m | €14.0m | €18.2m | ▲ 29.4% |
| Remuneration, social security and pensions62 | - | €4.8m | €4.7m | €6.0m | €6.8m | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.2m | €2.6m | €3.1m | €3.6m | €3.5m | ▼ 3.5% |
| Other operating charges640/8 | - | €131,955 | €155,786 | €14,548 | €50,481 | ▲ 247% |
| Non-recurring operating charges66A | - | - | - | - | €186,523 | - |
| Operating profit (loss)9901 | €11.9m | €15.7m | €4.2m | €19.5m | €27.7m | ▲ 41.9% |
| Financial income75/76B | - | €13.3m | €9.8m | €8.2m | €24.9m | ▲ 203% |
| Recurring financial income75 | €9.3m | €13.3m | €9.8m | €8.2m | €24.9m | ▲ 203% |
| Income from financial fixed assets750 | - | €8.7m | €9.5m | €8.1m | €24.3m | ▲ 202% |
| Income from current assets751 | - | - | €340,792 | €166,520 | €478,379 | ▲ 187% |
| Other financial income752/9 | - | €4.6m | €2,374 | €18,228 | €130,364 | ▲ 615% |
| Financial charges65/66B | - | €12.5m | €2.9m | €10.6m | €9.5m | ▼ 10.4% |
| Recurring financial charges65 | €5.7m | €2.0m | €2.9m | €10.6m | €9.5m | ▼ 10.4% |
| Debt charges650 | €495,541 | €476,234 | €1.3m | €2.4m | €4.2m | ▲ 74.0% |
| Other financial charges652/9 | - | €1.5m | €1.6m | €8.1m | €5.2m | ▼ 35.5% |
| Non-recurring financial charges66B | - | €10.5m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €15.5m | €16.4m | €11.1m | €17.2m | €43.2m | ▲ 151% |
| Income taxes67/77 | €387,915 | €947,962 | €1.0m | €94,342 | €2.0m | ▲ 2,052% |
| Taxes670/3 | - | €947,962 | €1.0m | €94,342 | €2.0m | ▲ 2,052% |
| Profit (loss) for the period9904 | €15.2m | €15.5m | €10.1m | €17.1m | €41.1m | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €15.2m | €15.5m | €10.1m | €17.1m | €41.1m | ▲ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €630.2m | €669.4m | €756.1m | €743.8m | €757.8m | ▲ 1.9% |
| Fixed assets21/28 | €486.3m | €503.5m | €560.4m | €474.5m | €515.2m | ▲ 8.6% |
| Intangible fixed assets21 | €9.9m | €10.5m | €12.4m | €12.9m | €13.4m | ▲ 3.6% |
| Tangible fixed assets22/27 | €498,497 | €455,924 | €733,499 | €1.7m | €1.5m | ▼ 15.4% |
| Plant, machinery and equipment23 | - | €448,967 | €477,487 | €587,101 | €451,299 | ▼ 23.1% |
| Furniture and vehicles24 | - | €6,913 | €256,001 | €1.1m | €1.0m | ▼ 11.4% |
| Other tangible fixed assets26 | - | €44 | €11 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | €0 | €0 | ▲ 6.3% |
| Financial fixed assets28 | €475.9m | €492.5m | €547.3m | €459.8m | €500.4m | ▲ 8.8% |
| Affiliated companies280/1 | - | €492.3m | €543.7m | €456.6m | €499.1m | ▲ 9.3% |
| Participating interests280 | - | €259.0m | €271.3m | €329.7m | €381.6m | ▲ 15.7% |
| Amounts receivable281 | - | €233.3m | €272.4m | €126.8m | €117.5m | ▼ 7.4% |
| Other financial fixed assets284/8 | - | €169,544 | €3.5m | €3.3m | €1.3m | ▼ 60.9% |
| Shares284 | - | €129,961 | €129,961 | €129,961 | €129,961 | = |
| Amounts receivable and cash guarantees285/8 | - | €39,584 | €3.4m | €3.1m | €1.2m | ▼ 63.5% |
| Current assets29/58 | €143.9m | €165.9m | €195.8m | €269.3m | €242.5m | ▼ 9.9% |
| Stocks and contracts in progress3 | €5,682 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €91.2m | €117.9m | €153.1m | €223.6m | €197.6m | ▼ 11.7% |
| Trade receivables40 | - | €106.9m | €124.9m | €206.7m | €193.4m | ▼ 6.4% |
| Other amounts receivable41 | - | €10.9m | €28.2m | €17.0m | €4.2m | ▼ 75.2% |
| Cash at bank and in hand54/58 | €21.9m | €8.2m | €6.9m | €8.5m | €14.9m | ▲ 74.1% |
| Deferred charges and accrued income490/1 | - | €39.8m | €35.8m | €37.1m | €30.1m | ▼ 18.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €630.2m | €669.4m | €756.1m | €743.8m | €757.8m | ▲ 1.9% |
| Equity10/15 | €571.4m | €586.9m | €597.0m | €614.1m | €605.2m | ▼ 1.4% |
| Contributions10/11 | €585.0m | €585.0m | €585.0m | €585.0m | €537.3m | ▼ 8.2% |
| Capital10 | - | €585.0m | €585.0m | €585.0m | €537.3m | ▼ 8.2% |
| Issued capital100 | - | €585.0m | €585.0m | €585.0m | €537.3m | ▼ 8.2% |
| Uncalled capital101 | - | - | - | - | €0 | - |
| Reserves13 | €333 | €93,086 | €598,053 | €1.5m | €3.5m | ▲ 142% |
| Non-distributable reserves130/1 | - | €93,086 | €598,053 | €1.5m | €3.5m | ▲ 142% |
| Legal reserve130 | - | €93,086 | €598,053 | €1.5m | €3.5m | ▲ 142% |
| Profit (loss) carried forward14 | -€13.6m | €1.8m | €11.4m | €27.6m | €64.5m | ▲ 133% |
| Amounts payable17/49 | €58.8m | €82.5m | €159.2m | €129.7m | €152.6m | ▲ 17.7% |
| Amounts payable after more than one year17 | €10.0m | €7.1m | €20.0m | €14.3m | €10.0m | ▼ 30.0% |
| Financial debts170/4 | - | €7.1m | €20.0m | €14.3m | €10.0m | ▼ 30.0% |
| Credit institutions173 | - | €7.1m | €20.0m | €14.3m | €10.0m | ▼ 30.0% |
| Amounts payable within one year42/48 | €48.8m | €75.4m | €130.3m | €107.5m | €129.1m | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | - | €2.9m | €5.7m | €5.7m | €4.3m | ▼ 25.0% |
| Financial debts43 | - | €5,773 | €89.4m | €64.0m | €31.2m | ▼ 51.2% |
| Credit institutions430/8 | - | €5,773 | €89.4m | €64.0m | €31.2m | ▼ 51.2% |
| Trade debts44 | €1.1m | €2.0m | €3.2m | €3.3m | €4.1m | ▲ 22.0% |
| Suppliers440/4 | - | €2.0m | €3.2m | €3.3m | €4.1m | ▲ 22.0% |
| Taxes, remuneration and social security45 | - | €1.7m | €2.3m | €1.5m | €987,611 | ▼ 34.7% |
| Taxes450/3 | - | €1.2m | €1.8m | €850,000 | €148,394 | ▼ 82.5% |
| Remuneration and social security454/9 | - | €474,786 | €523,834 | €662,447 | €839,217 | ▲ 26.7% |
| Other amounts payable47/48 | - | €68.8m | €29.7m | €33.0m | €88.5m | ▲ 168% |
| Accrued charges and deferred income492/3 | - | - | €8.9m | €7.9m | €13.5m | ▲ 71.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15.2m | €15.5m | €10.1m | €17.1m | €41.1m | ▲ 140% |
| + Depreciation and write-downs630 | €2.2m | €2.6m | €3.1m | €3.6m | €3.5m | ▼ 3.5% |
| Operating cash flow (approximation) | €17.4m | €18.1m | €13.2m | €20.7m | €44.6m | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€19.8m | -€60.0m | €82.3m | -€44.2m | ▼ 154% |
| Change in cash | - | -€13.7m | -€1.2m | €1.6m | €6.3m | ▲ 293% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €41.1m ▲140%
Operating result €27.7m, net result €41.1m, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €15.2m
Net result €15.2m after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€14.2m
Net result drops to -€14.2m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500mEq €531.2m ▲49.5%
Equity rises from €355.4m to €531.2m.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Zele · 1 establishment unit since 2010
Ground area
6,935 m²
Building footprint
1,343 m²
Volume, LiDAR
14,435 m³
Parcel 42028A1405/00N000, Flanders · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Drylock Technologies
since 20102.218.079.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1405/00N000 | Flanders | 6,935 m² | 1 · 1,343 m² | 18.1 m · 4 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.
Structure & network
Part of the group
VM INVEST
5 companies
Group, risk and exposure
Owners and holdings
2 owners · 12 holdingsChain of control
- VM INVEST
- Drylock Technologies
Highest known parent: VM INVEST. The sources do not say who stands above it.
Owners 2
-
75%
-
25%
Holdings 12
-
100%
-
100%
- Drylock Technologies Ltd (UK)GBsubsidiarySourceown accounts 2024Equity GBP 385,802Result GBP 150,580100%
-
100%
- Drylock Technologies ParticipaçoesBRsubsidiarySourceown accounts 2024Equity BRL 331.0mResult BRL 73.3m100%
- Drylock Technologies s.r.o.CZsubsidiaryEquity CZK 2.00bnResult CZK 569.7m100%
-
100%
-
100%
-
100%
-
100%
Show 2 more holdings
-
90%
-
84%
According to the 2024 annual accounts of Drylock Technologies and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 281,720 EUR awarded · 225,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 1 | 0 EUR | 75,000 EUR |
| 2023 | 1 | 0 EUR | 150,000 EUR |
| 2022 | 1 | 281,720 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
54930045EJO0CQLL6434
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Identification & contact
Identification
Legal formPublic limited company
Founded13-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479766057
Also
9925:BE0479766057
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.