DRYSOLUTIONS
ActiveSummary
DRYSOLUTIONS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €298,018. Equity has been growing by about 47% per year since 2018. Its solvency ranks better than 88% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-09-2011 Normal situation
- Activity
- Repair and maintenance of fabricated metal products NACE 33110and 6 others
- Joint committee
- 200 Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.202.589.094 1740 Ternat, since 01-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- Philippe BoutenChair
- Pascal MentenManaging director
- Benoît FontaineDirector · since 15-04-2022
- Auditor
- BV PwC Bedrijfsrevisoren
- AG INSURANCE100%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Turnover
- €6.9m
- ▲ 12.5%
- Profit
- €298,018
- ▼ 43.0%
- Equity
- €3.8m
- ▲ 8.5%
- Total assets
- €4.9m
- ▲ 12.0%
- Employees on 31-12-2025
- 50
- ▲ 2.0%
Score breakdownlowers riskLiquidity: current ratio 2.95, cash €2.9mEquity €3.8m (77.9% of total assets)Profit of €298,018 (financial year 2025)Founded in 2011Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 33, small). It does better than 95% of them on solvency, 97% on liquidity, 64% on profitability and 62% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 88 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 20-04-2026 PDF all 14 filings
Every figure per financial year
The operating result for 2025 is 40% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 40 | 38 | 43 | 49 | 50 |
| full-time | 39 | 36 | 42 | 47 | 48 |
| part-time | 1 | 2 | 1 | 2 | 2 |
| in full-time equivalents | 39.8 | 37.6 | 42.8 | 48.6 | 49.6 |
| Average over the year, in full-time equivalents | 35.2 | 37.2 | 40.3 | 45.4 | 49.4 |
| On a permanent contract | 40 | 38 | 43 | 49 | 50 |
| Joined | 14 | 3 | 9 | 14 | 9 |
| Left | 8 | 5 | 4 | 8 | 8 |
| Agency workers, average number | - | - | - | 1 | 4 |
| Training hours | 4,740 | 2,528 | 4,812 | 6,924 | 4,224 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €535,792 | €293,720 | €851,785 | €984,007 | €567,071 |
| Intangible fixed assets | €85,329 | €23,464 | €11,973 | - | €281,370 |
| Depreciation and write-downs of the year | €490,114 | €560,800 | €591,031 | €708,029 | €750,652 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €5,709 | €5,709 | €5,709 | €8,460 | €8,866 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.8m | €4.5m | €5.2m | €6.1m | €6.9m | ▲ 13.5% |
| Turnover70 | €2.4m | €2.9m | €3.0m | €3.8m | €4.4m | €5.1m | €6.1m | €6.9m | ▲ 12.5% |
| Other operating income74 | - | - | - | €0.02m | €0.02m | €0.07m | €0.03m | €0.09m | ▲ 233% |
| Operating charges60/66A | - | - | - | €3.6m | €4.0m | €4.4m | €5.4m | €6.5m | ▲ 20.1% |
| Services and other goods61 | - | - | - | €1.0m | €1.0m | €1.0m | €1.4m | €1.9m | ▲ 35.0% |
| Remuneration, social security and pensions62 | - | - | - | €2.1m | €2.4m | €2.8m | €3.3m | €3.8m | ▲ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.8m | ▲ 6.0% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.006m | €0.02m | €0.01m | €0.03m | ▲ 167% |
| Operating profit (loss)9901 | -€0.08m | €0.01m | -€0.2m | €0.2m | €0.4m | €0.8m | €0.7m | €0.4m | ▼ 39.8% |
| Financial income75/76B | - | - | - | €0.001m | €317 | €0.02m | €0.05m | €0.03m | ▼ 36.0% |
| Recurring financial income75 | €10 | €0 | €0.002m | €0.001m | €317 | €0.02m | €0.05m | €0.03m | ▼ 36.0% |
| Other financial income752/9 | - | - | - | €0.001m | €317 | €0.02m | €0.05m | €0.03m | ▼ 36.0% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.01m | €0.007m | €0.02m | ▲ 171% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | €0.01m | €0.007m | €0.02m | ▲ 171% |
| Debt charges650 | €0.03m | €0.03m | €0.01m | €0.02m | €0.01m | €0.01m | €0.006m | €0.02m | ▲ 179% |
| Other financial charges652/9 | - | - | - | €0.002m | €0.002m | €295 | €375 | €0.001m | ▲ 41.3% |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.01m | -€0.2m | €0.2m | €0.4m | €0.8m | €0.7m | €0.4m | ▼ 41.6% |
| Income taxes67/77 | -€0.002m | €0.001m | €0.001m | €0.008m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 37.6% |
| Taxes670/3 | - | - | - | €0.008m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 37.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €73 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€0.1m | -€0.01m | -€0.2m | €0.2m | €0.3m | €0.6m | €0.5m | €0.3m | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€0.01m | -€0.2m | €0.2m | €0.3m | €0.6m | €0.5m | €0.3m | ▼ 43.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €2.5m | €2.3m | €2.6m | €3.1m | €3.7m | €4.4m | €4.9m | ▲ 12.0% |
| Fixed assets21/28 | €0.7m | €1.1m | €1.2m | €1.3m | €1.1m | €1.3m | €1.6m | €1.7m | ▲ 5.4% |
| Intangible fixed assets21 | €0.06m | €0.03m | €0.09m | €0.1m | €0.1m | €0.09m | €0.05m | €0.3m | ▲ 454% |
| Tangible fixed assets22/27 | €0.6m | €1.0m | €1.1m | €1.2m | €0.9m | €1.2m | €1.6m | €1.4m | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | - | €0.8m | €0.6m | €0.6m | €0.7m | €0.7m | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.3m | €0.7m | €0.9m | €0.8m | ▼ 12.3% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €0.005m | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.001m | ▼ 93.0% |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.001m | ▼ 93.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.001m | ▼ 93.0% |
| Current assets29/58 | €0.6m | €1.4m | €1.1m | €1.3m | €2.0m | €2.4m | €2.7m | €3.2m | ▲ 16.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 17.2% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 2.9% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.03m | €0.008m | €0.04m | €0.01m | ▼ 68.6% |
| Cash at bank and in hand54/58 | €0.3m | €1.2m | €0.9m | €1.0m | €1.8m | €2.1m | €2.4m | €2.9m | ▲ 19.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.06m | €0.09m | €0.1m | €0.09m | ▼ 11.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €2.5m | €2.3m | €2.6m | €3.1m | €3.7m | €4.4m | €4.9m | ▲ 12.0% |
| Equity10/15 | €0.3m | €2.0m | €1.9m | €2.1m | €2.4m | €3.0m | €3.5m | €3.8m | ▲ 8.5% |
| Contributions10/11 | €0.4m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.01m | €0.02m | €0.1m | €0.2m | ▲ 64.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.01m | €0.02m | €0.1m | €0.2m | ▲ 64.7% |
| Legal reserve130 | - | - | - | €0.002m | €0.01m | €0.02m | €0.1m | €0.2m | ▲ 64.7% |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.4m | -€0.1m | €0.2m | €0.8m | €1.2m | €1.4m | ▲ 18.9% |
| Amounts payable17/49 | €1.0m | €0.4m | €0.4m | €0.6m | €0.7m | €0.7m | €0.9m | €1.1m | ▲ 26.5% |
| Amounts payable after more than one year17 | €0.4m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.4m | €0.4m | €0.6m | €0.7m | €0.7m | €0.8m | €1.1m | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.1m | €0.09m | €0.1m | €0.2m | €0.3m | €0.1m | €0.2m | €0.3m | ▲ 46.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.1m | €0.2m | €0.3m | ▲ 46.8% |
| Advances received on contracts in progress46 | - | - | - | €0.003m | €0.003m | €0.004m | €0.007m | €0.008m | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.8m | ▲ 20.2% |
| Taxes450/3 | - | - | - | €0.001m | €0.009m | €0.09m | €0.09m | €0.1m | ▲ 44.4% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 16.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €141 | €0.004m | €0.002m | ▼ 44.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.01m | -€0.2m | €0.2m | €0.3m | €0.6m | €0.5m | €0.3m | ▼ 43.0% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.8m | ▲ 6.0% |
| Operating cash flow (approximation) | €0.2m | €0.3m | €0.2m | €0.7m | €0.9m | €1.2m | €1.2m | €1.0m | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.5m | -€0.6m | -€0.3m | -€0.9m | -€1.0m | -€0.8m | ▲ 14.7% |
| Change in cash | - | €0.9m | -€0.3m | €0.1m | €0.8m | €0.3m | €0.3m | €0.5m | ▲ 36.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as DRYSOLUTIONS has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of DRYSOLUTIONS itself: < 0.1% within 12 months.
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.
| 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 17,811 companies, not a prediction for DRYSOLUTIONS. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 20-04-2026 | 2026-00086217 | |
| 31-12-2024 | full format | 28-04-2025 | 2025-00089351 | |
| 31-12-2023 | full format | 02-05-2024 | 2024-00083670 | |
| 31-12-2022 | full format | 09-05-2023 | 2023-00087503 | |
| 31-12-2021 | full format | 06-05-2022 | 2022-20023053 | |
| 31-12-2020 | full format | 10-05-2021 | 2021-13800474 | |
| 31-12-2019 | full format | 14-05-2020 | 2020-12100180 | |
| 31-12-2018 | full format | 02-05-2019 | 2019-11900399 | |
| 31-12-2017 | full format | 03-05-2018 | 2018-11800236 | |
| 31-12-2016 | full format | 15-05-2017 | 2017-12000290 |
Board & ownership
Directors
Board 6
Day-to-day management 1
Statutory auditor 1
Owners and capital
Shareholders
1 ownerChain of control
- ageas SA/NV
- Ageas Insurance International NV
- AG INSURANCE
- DRYSOLUTIONS
Owners 1
- AG INSURANCEparentSourceown accounts 2025100%
Owners through the years 2013 to 2025
| Name | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AG INSURANCE | consolidates | 100% | 99.97% | 99.99% | 100% | ||||||||
Source: shareholder structure in its own accounts, parent in its own accounts
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Philippe Bouten |
|
| Pascal Menten |
|
| Benoît Fontaine |
|
| Edwin Klaps |
|
| Johan Adriaen |
|
| Kjell Audenaert |
|
| BV PwC Bedrijfsrevisoren |
|
| Eric Renders |
|
Network & group
Holdings through the years
2012 to 2013| Name | 2012 | 2013 |
|---|---|---|
| DRYSOLUTIONS | listed | 99% |
Source: list of holdings in its own accounts
Connections & network
6 current directorsThe network starts from the directors of DRYSOLUTIONS. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
02-05
Gazette deed
Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Vincent Slembrouck3 points ▸
- General meeting, 19-04-2024
- Auditor reappointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Vincent Slembrouck
23-11
Gazette deed
Permanent representatives: Vincent Slembrouck and Mieke Van Leeuwe3 points ▸
- Board meeting, 20-10-2023
- Permanent representative, Vincent Slembrouck (vertegenwoordiger in de uitoefening van mandaat van commissaris)
- Permanent representative, Mieke Van Leeuwe (vertegenwoordiger in de uitoefening van mandaat van commissaris)
02-03
Gazette deed
Appointments: Philippe Bouten (chair of the board) and Pascal Menten (managing director)3 points ▸
- Board meeting, 08-03-2022
- Director appointment, Philippe Bouten (chair of the board)
- Director appointment, Pascal Menten (managing director)
- The deed holds 1 more point.
16-12
Gazette deed
1 director appointed, 1 director resigning, 5 directors reappointedReappointments: Philippe Bouten, Pascal Menten and 3 others · Resignation: Eric Renders (director) · Appointment: Johan Adriaen (director)8 points ▸
- General meeting, 15-04-2022
- Director reappointment, Philippe Bouten
- Director reappointment, Pascal Menten
- Director reappointment, Edwin Klaps
- Director reappointment, Kjell Audenaert
- Director reappointment, Benoît Fontaine
- Director resignation, Eric Renders
- Director appointment, Johan Adriaen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0839.594.584
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23086B0354/00C003 | Flanders | 4,327 m² | 1 · 789 m² | 8.2 m · 2 |