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DRYSOLUTIONS

Active
Public limited companyfounded 2011active for 15 yearsIndustrielaan 40, 1740 Ternat, BelgiumKBO/BCE: BE 0839.594.584
Summary

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

Board
and 3 others
Auditor
BV PwC Bedrijfsrevisoren
Shareholders

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
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

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 80% of small companies in repair and installation of machinery (NACE 33)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 77.9% of total assets
Liquidity 92-2
short-term debt 22.0% · cash 60.0%
Profitability 80-9
return on assets 6.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (194 companies, NACE 33, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025highest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.95 (3.23 in 2024), above the usual 1.5. Short-term debt is 22% and cash 60% of total assets. 22.1% of the assets are financed with debt and provisions.
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

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.95, cash €2.9m
NBB · annual accounts
lowers risk · Equity €3.8m (77.9% of total assets)
NBB · annual accounts
lowers risk · Profit of €298,018 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
102 days early
2024
94 days early
2023
90 days early
2022
83 days early
2021
86 days early
2020
82 days early
2019
78 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 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)
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 3 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 20-04-2026 PDF all 14 filings

Turnover
€6.9m▲ 12.5%
2024 · €6.1m
EBIT margin
5.9%▼ 5.2pp
2024 · 11.1%
Net result
€298,018▼ 43.0%
2024 · €523,134
Working capital
€2.1m▲ 11.1%
2024 · €1.9m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€6.9m
▲ 12.5% 2025
20182025
Operating result
€407,180
▼ 39.8% 2025
20182025
Net result
€298,018
▼ 43.0% 2025
middle half of the sector
20182025
EBIT margin
5.9%
▼ 5.2pp 2025
20182025
Equity
€3.8m
▲ 8.5% 2025
highest quarter of the sector
20182025
Total assets
€4.9m
▲ 12.0% 2025
middle half of the sector
20182025
Debt
€1.1m
▲ 26.5% 2025
20182025
Working capital
€2.1m
▲ 11.1% 2025
middle half of the sector
20182025
Solvency
77.9%
▼ 2.5pp 2025
highest quarter of the sector
20182025
Current ratio
2.95
▼ 0.28 2025
middle half of the sector
20182025
Return on assets (ROA)
6.1%
▼ 5.9pp 2025
middle half of the sector
20182025
Staff (FTE)
49.4
▲ 8.8% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€2.4m-€2.9m▲ 18.9%€3.0m▲ 4.4%€3.8m▲ 24.8%€4.4m▲ 17.0%€5.1m▲ 16.1%€6.1m▲ 18.5%€6.9m▲ 12.5%
Operating result-€0.08m-€0.01m-€0.2m€0.2m€0.4m▲ 85.6%€0.8m▲ 78.0%€0.7m▼ 15.3%€0.4m▼ 39.8%
Net result-€0.1m--€0.01m▲ 86.9%-€0.2mbelow the sector's middle half▼ 1,148%€0.2mwithin the sector's middle half€0.3mabove the sector's middle half▲ 56.9%€0.6mabove the sector's middle half▲ 65.7%€0.5mabove the sector's middle half▼ 7.8%€0.3mwithin the sector's middle half▼ 43.0%
EBIT margin-3.4%-0.4%▲ 3.8pp-5.7%▼ 6.1pp6.4%▲ 12.1pp10.1%▲ 3.7pp15.5%▲ 5.4pp11.1%▼ 4.4pp5.9%▼ 5.2pp
Equity€0.3m-€2.0m▲ 708%€1.9mabove the sector's middle half▼ 9.2%€2.1mabove the sector's middle half▲ 11.8%€2.4mabove the sector's middle half▲ 16.6%€3.0mabove the sector's middle half▲ 23.5%€3.5mabove the sector's middle half▲ 17.6%€3.8mabove the sector's middle half▲ 8.5%
Total assets€1.3m-€2.5m▲ 94.0%€2.3mwithin the sector's middle half▼ 7.5%€2.6mwithin the sector's middle half▲ 15.5%€3.1mwithin the sector's middle half▲ 16.8%€3.7mwithin the sector's middle half▲ 19.6%€4.4mwithin the sector's middle half▲ 17.6%€4.9mwithin the sector's middle half▲ 12.0%
Debt€1.0m-€0.4m▼ 56.9%€0.4m▲ 0.2%€0.6m▲ 30.9%€0.7m▲ 17.5%€0.7m▲ 5.8%€0.9m▲ 18.0%€1.1m▲ 26.5%
Working capital-€0.03m-€1.0m€0.7mwithin the sector's middle half▼ 32.7%€0.7mwithin the sector's middle half▲ 13.4%€1.3mabove the sector's middle half▲ 79.7%€1.6mabove the sector's middle half▲ 22.9%€1.9mabove the sector's middle half▲ 15.4%€2.1mwithin the sector's middle half▲ 11.1%
Solvency19.7%-82.2%▲ 62.4pp80.7%above the sector's middle half▼ 1.5pp78.1%above the sector's middle half▼ 2.6pp78.0%above the sector's middle half▼ 0.1pp80.5%above the sector's middle half▲ 2.6pp80.5%above the sector's middle half▼ 0.1pp77.9%above the sector's middle half▼ 2.5pp
Current ratio0.95-3.31▲ 2.362.47within the sector's middle half▼ 0.832.28within the sector's middle half▼ 0.202.95above the sector's middle half▲ 0.683.27above the sector's middle half▲ 0.323.23above the sector's middle half▼ 0.042.95within the sector's middle half▼ 0.28
Return on assets (ROA)-8.9%--0.6%▲ 8.3pp-8.2%below the sector's middle half▼ 7.6pp8.2%within the sector's middle half▲ 16.4pp11.1%within the sector's middle half▲ 2.8pp15.3%above the sector's middle half▲ 4.3pp12.0%within the sector's middle half▼ 3.3pp6.1%within the sector's middle half▼ 5.9pp
Staff (FTE)21.2-28.3▲ 33.5%32.2within the sector's middle half▲ 13.8%35.2within the sector's middle half▲ 9.3%37.2above the sector's middle half▲ 5.7%40.3above the sector's middle half▲ 8.3%45.4above the sector's middle half▲ 12.7%49.4above the sector's middle half▲ 8.8%
above within below The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 40% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.9m
Fixed assets €1.7m ▲ 5.4%
Current assets €3.2m ▲ 16.0%
Equity and liabilities €4.9m
Equity €3.8m ▲ 8.5%
Debt €1.1m ▲ 26.5%
Debt's share of the balance-sheet total rises from 19.5% to 22.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.2m▼
2024 · €1.4m
Cash flow
€1.0m▼
2024 · €1.2m
Debt to equity
0.28▲
2024 · 0.24
ROE
7.8%▼
2024 · 14.9%
Interest coverage
64.74▼
2024 · over 100
Debt ≤ 1 year
€1.1m▲
2024 · €846,437
Income taxes
€119,893▼
2024 · €192,088
Customer credit
7 days▼
2024 · 8 days
Supplier credit
60 days▲
2024 · 55 days
Staff costs
€3.8m▲
2024 · €3.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date4038434950
full-time3936424748
part-time12122
in full-time equivalents39.837.642.848.649.6
Average over the year, in full-time equivalents35.237.240.345.449.4
On a permanent contract4038434950
Joined1439149
Left85488
Agency workers, average number---14
Training hours4,7402,5284,8126,9244,224

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
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

fees
Item20212022202320242025
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)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.4m€4.9m▲
Fixed assets21/28€1.6m€1.7m▲
Intangible fixed assets21€0.05m€0.3m▲
Tangible fixed assets22/27€1.6m€1.4m▼
Plant, machinery and equipment23€0.7m€0.7m▼
Furniture and vehicles24€0.9m€0.8m▼
Other tangible fixed assets26-€0.005m
Financial fixed assets28€0.01m€0.001m▼
Other financial fixed assets284/8€0.01m€0.001m▼
Amounts receivable and cash guarantees285/8€0.01m€0.001m▼
Current assets29/58€2.7m€3.2m▲
Amounts receivable within one year40/41€0.2m€0.1m▼
Trade receivables40€0.1m€0.1m▼
Other amounts receivable41€0.04m€0.01m▼
Cash at bank and in hand54/58€2.4m€2.9m▲
Deferred charges and accrued income490/1€0.1m€0.09m▼
Equity and liabilities
Total equity and liabilities10/49€4.4m€4.9m▲
Equity10/15€3.5m€3.8m▲
Contributions10/11€2.2m€2.2m=
Capital10€2.2m€2.2m=
Issued capital100€2.2m€2.2m=
Reserves13€0.1m€0.2m▲
Non-distributable reserves130/1€0.1m€0.2m▲
Legal reserve130€0.1m€0.2m▲
Profit (loss) carried forward14€1.2m€1.4m▲
Amounts payable17/49€0.9m€1.1m▲
Amounts payable within one year42/48€0.8m€1.1m▲
Trade debts44€0.2m€0.3m▲
Suppliers440/4€0.2m€0.3m▲
Advances received on contracts in progress46€0.007m€0.008m▲
Taxes, remuneration and social security45€0.6m€0.8m▲
Taxes450/3€0.09m€0.1m▲
Remuneration and social security454/9€0.5m€0.6m▲
Accrued charges and deferred income492/3€0.004m€0.002m▼
Income statement Code20242025
Operating income70/76A€6.1m€6.9m▲
Turnover70€6.1m€6.9m▲
Other operating income74€0.03m€0.09m▲
Operating charges60/66A€5.4m€6.5m▲
Services and other goods61€1.4m€1.9m▲
Remuneration, social security and pensions62€3.3m€3.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.7m€0.8m▲
Other operating charges640/8€0.01m€0.03m▲
Operating profit (loss)9901€0.7m€0.4m▼
Financial income75/76B€0.05m€0.03m▼
Recurring financial income75€0.05m€0.03m▼
Other financial income752/9€0.05m€0.03m▼
Financial charges65/66B€0.007m€0.02m▲
Recurring financial charges65€0.007m€0.02m▲
Debt charges650€0.006m€0.02m▲
Other financial charges652/9€375€0.001m▲
Profit (loss) for the period before taxes9903€0.7m€0.4m▼
Income taxes67/77€0.2m€0.1m▼
Taxes670/3€0.2m€0.1m▼
Profit (loss) for the period9904€0.5m€0.3m▼
Profit (loss) for the period to be appropriated9905€0.5m€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.3m€1.5m▲
Profit (loss) brought forward from the previous period14P€0.8m€1.2m▲
Transfer to equity691/2€0.09m€0.07m▼
To the legal reserve6920€0.09m€0.07m▼
Social balance sheet
Average headcount (FTE)908745.449.4▲

The notes to these accounts have 50 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 20-04-2026.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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.

Download as CSV

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
96.5% was still going
3.1% stopped otherwise
0.3% went bankrupt

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.

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 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 PDF
31-12-2024 full format 28-04-2025 2025-00089351 PDF
31-12-2023 full format 02-05-2024 2024-00083670 PDF
31-12-2022 full format 09-05-2023 2023-00087503 PDF
31-12-2021 full format 06-05-2022 2022-20023053 PDF
31-12-2020 full format 10-05-2021 2021-13800474 PDF
31-12-2019 full format 14-05-2020 2020-12100180 PDF
31-12-2018 full format 02-05-2019 2019-11900399 PDF
31-12-2017 full format 03-05-2018 2018-11800236 PDF
31-12-2016 full format 15-05-2017 2017-12000290 PDF

Show all 14 filings

Board & ownership

Directors

Directors
6 directors, 1 in day-to-day management, last change in 2022

Board 6

Philippe Bouten
Chair of the board · appointed by deed of 02-03-2023 · Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current
Benoît Fontaine
Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current
Edwin Klaps
Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current
Johan Adriaen
Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current
Kjell Audenaert
Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current
Pascal Menten
Director · since 15-04-2022 · listed in the 2025 annual accounts, filed on 20-04-2026
Current

Day-to-day management 1

Pascal Menten
Managing director · appointed by deed of 02-03-2023
Current

Statutory auditor 1

BV PwC Bedrijfsrevisoren
Statutory auditor · since 20-04-2018 · permanent representative: Vincent Slembrouck · listed in the 2025 annual accounts, filed on 20-04-2026
Current

Owners and capital

Shareholders

1 owner

Chain of control

  1. ageas SA/NV 100%
  2. Ageas Insurance International NV 75%
  3. AG INSURANCE 100%
  4. DRYSOLUTIONS

Owners 1

Owners through the years 2013 to 2025

Source: shareholder structure in its own accounts, parent in its own accounts

Mandate history

8 people, 7 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Philippe Bouten
  • Chair of the board, appointed by deed of 02-03-2023, still in office
  • Director, since before 16-12-2022
Pascal Menten
  • Managing director, appointed by deed of 02-03-2023, still in office
  • Director, since before 16-12-2022
Benoît Fontaine
  • Director, since before 16-12-2022
Edwin Klaps
  • Director, since before 16-12-2022
Johan Adriaen
  • Director, appointed by deed of 16-12-2022, still in office
Kjell Audenaert
  • Director, since before 16-12-2022
BV PwC Bedrijfsrevisoren
  • Statutory auditor, appointed by deed of 02-05-2024, still in office
Eric Renders
  • Director, until 16-12-2022
See the board, name and registered office on a given date →

Network & group

Part of the group ageas SA/NV 107 companies Group, risk and exposure

Holdings through the years

2012 to 2013
Holdings through the years
Name20122013
DRYSOLUTIONS listed99%

Source: list of holdings in its own accounts

Connections & network

6 current directors
Depth

The network starts from the directors of DRYSOLUTIONS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
20-04
NBB filing Annual accounts 2025 filedPDF
full format · 102 days before the deadline
2025
28-04
NBB filing Annual accounts 2024 filedPDF
full format · 94 days before the deadline
2024
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

Open the deed in the Belgian Official Gazette

02-05
NBB filing Annual accounts 2023 filedPDF
full format · 90 days before the deadline
2023
31-12
Financial Highest result from 2018 to 2025net €567,233 ▲65.7%
The operating result of €798,817 and the net result of €567,233 are both a record.
23-11
Gazette deed Permanent representatives: Vincent Slembrouck and Mieke Van Leeuwe
3 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)

Open the deed in the Belgian Official Gazette

09-05
NBB filing Annual accounts 2022 filedPDF
full format · 83 days before the deadline
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.

Open the deed in the Belgian Official Gazette

2022
16-12
Gazette deed 1 director appointed, 1 director resigning, 5 directors reappointed
Reappointments: 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

Open the deed in the Belgian Official Gazette

06-05
NBB filing Annual accounts 2021 filedPDF
full format · 86 days before the deadline
2021
31-12
Financial Back to profitnet €218,245
The net result is €218,245, after 3 loss-making years.
31-12
Financial Equity above €2mequity €2.1m ▲11.8%
Equity rises from €1.9m to €2.1m.
Show earlier events
10-05
NBB filing Annual accounts 2020 filedPDF
full format · 82 days before the deadline
2020
31-12
Financial Weakest financial yearnet -€187,208
The net result drops to -€187,208, the lowest from 2018 to 2025. It recovers the following year.
14-05
NBB filing Annual accounts 2019 filedPDF
full format · 78 days before the deadline
2019
31-12
Financial Liquidity more than triplescurrent ratio 3.31
The current ratio rises from 0.95 to 3.31. Short-term debt falls from €595,654 to €420,545.
31-12
Financial Equity above €2mequity €2.0m ▲708%
Equity rises from €252,276 to €2.0m.
02-05
NBB filing Annual accounts 2018 filedPDF
full format · 90 days before the deadline
2018
03-05
NBB filing Annual accounts 2017 filedPDF
full format · 89 days before the deadline
2017
15-05
NBB filing Annual accounts 2016 filedPDF
full format · 77 days before the deadline
2011
28-09
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

DRYSOLUTIONS was incorporated on 26 September 2011.1 Turnover grew from €2.4m in 2018 to €6.9m in 2025 and headcount from 21.2 to 49.4 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name DRYSOLUTIONS in Dutch
Enterprise number 0839.594.584
Legal form Public limited company
Status Active, normal situation
Founded 26-09-2011
Entity type Legal entity

Registered office and establishments

Registered office Industrielaan 40, 1740 Ternat, Belgium
Establishment unit EXPECTO, Industrielaan 40, 1740 Ternat since 01-10-2011 · unit number 2.202.589.094 4299011 Civil engineering
E-mail service@drysolutions.be

Activities

NACEBEL 2025
VAT activities
33110 Repair and maintenance of fabricated metal products main activity
43221 Plumbing work
43222 Installation of electric heating, air conditioning, cooling and ventilation
43240 Other construction installation
70200 Business and other management consultancy
82990 Other business support services
Social security (RSZ) activities
71209 Other technical testing and analysis main activity
Codes under NACEBEL 2008
VAT activities
33110 Repair, maintenance and installation of machinery and equipment main activity
43221 Plumbing
43222 Specialised construction activities
43299 Specialised construction activities
70220 Business consulting
82990 Other business support services
Social security (RSZ) activities
71209 Other technical testing and analysis main activity
Joint committee 200 Auxiliary committee for white-collar workers annual accounts 2022

Invoicing and payment

VAT number BE 0839.594.584
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0839594584
Registered 27-03-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

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 NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
4,327 m²
Building footprint
789 m²
Building volume
5,653 m³
Cadastral parcel Region Area Buildings Height / floors
23086B0354/00C003 Flanders 4,327 m² 1 · 789 m² 8.2 m · 2