Durechain
ActiveSummary
Durechain has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.8m and a net result of €1.2m. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,650,000 at 30 days acceptable
Liquidity ample (current ratio 45.34 against 10.37 in 2024; short-term debt: 2.2% and cash: 6.9% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
96.3%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
21 d early
2023
21 d early
2022
19 d early
2021
6 d early
2020
16 d late
2019
14 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 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 12 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 2025, abbreviated schema
In the rankings
#2 oldest company in the province of Liège, Rubber and plastics sector#3 company by equity in Verviers, Manufacturing sector#6 company by total assets in the province of Liège, Rubber and plastics sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.2m▲ 43.4%
2024 · €804,071
Working capital
€21.1m▲ 6.4%
2024 · €19.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20212022202320242025
Operating result€5.4m▲ 43.5%€3.0m▼ 44.1%€1.4m▼ 53.0%€1.0m▼ 28.4%€1.4m▲ 35.1%
Net result€4.0mabove the sector's middle half▲ 40.6%€2.3mabove the sector's middle half▼ 43.8%€1.1mwithin the sector's middle half▼ 49.9%€804,071within the sector's middle half▼ 28.9%€1.2mabove the sector's middle half▲ 43.4%
Equity€20.0mabove the sector's middle half▲ 5.4%€20.3mabove the sector's middle half▲ 1.3%€19.9mabove the sector's middle half▼ 1.8%€19.7mabove the sector's middle half▼ 1.0%€20.8mabove the sector's middle half▲ 5.9%
Total assets€23.2mabove the sector's middle half▲ 10.0%€22.5mwithin the sector's middle half▼ 3.2%€21.6mwithin the sector's middle half▼ 4.2%€22.1mwithin the sector's middle half▲ 2.7%€21.7mabove the sector's middle half▼ 2.2%
Debt€3.2m▲ 51.3%€2.2m▼ 31.2%€1.6m▼ 25.9%€2.1m▲ 28.5%€475,139▼ 77.5%
Working capital€19.6mabove the sector's middle half▲ 4.9%€19.7mabove the sector's middle half▲ 0.7%€19.5mabove the sector's middle half▼ 1.2%€19.8mabove the sector's middle half▲ 1.5%€21.1mabove the sector's middle half▲ 6.4%
Solvency86.0%above the sector's middle half▼ 3.8pp90.0%above the sector's middle half▲ 4.0pp92.3%above the sector's middle half▲ 2.2pp88.9%above the sector's middle half▼ 3.3pp96.3%above the sector's middle half▲ 7.3pp
Current ratio7.08above the sector's middle half▼ 2.719.89above the sector's middle half▲ 2.8112.85above the sector's middle half▲ 2.9710.37above the sector's middle half▼ 2.4945.34above the sector's middle half▲ 34.98
Return on assets (ROA)17.3%above the sector's middle half▲ 3.8pp10.0%above the sector's middle half▼ 7.2pp5.2%within the sector's middle half▼ 4.8pp3.6%within the sector's middle half▼ 1.6pp5.3%within the sector's middle half▲ 1.7pp
Staff (FTE)12.1below the sector's middle half▲ 4.3%10.2below the sector's middle half▼ 15.7%10.3below the sector's middle half▲ 1.0%9below the sector's middle half▼ 12.6%7.9within the sector's middle half▼ 12.2%
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.7m
Fixed assets
€119,284 ▼ 48.9%
Current assets
€21.5m ▼ 1.7%
Equity and liabilities €21.7m
Equity
€20.8m ▲ 5.9%
Provisions
€334,143 ▼ 0.5%
Debt
€475,139 ▼ 77.5%
Debt's share of the balance-sheet total falls from 9.5% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.5m▲
2024 · €1.2m
Cash flow
€1.3m▲
2024 · €986,259
Quick ratio
43.78▲
2024 · 10.09
Debt to equity
0.02▼
2024 · 0.11
ROE
5.5%▲
2024 · 4.1%
Interest coverage
84.57▲
2024 · 79.88
Debt ≤ 1 year
€474,853▼
2024 · €2.1m
Income taxes
€384,121▲
2024 · €372,930
Staff costs
€356,961▼
2024 · €373,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €447,844 | €387,906 | €389,697 | €373,702 | €356,961 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,054 | €168,933 | €201,885 | €182,188 | €133,733 | ▼ 26.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€2,195 | -€2,195 | -€1,477 | €310,503 | -€1,689 | ▼ 101% |
| Other operating charges640/8 | €218,715 | €2,367 | €7,247 | €3,887 | €4,298 | ▲ 10.6% |
| Gross operating margin9900 | €6.2m | €3.6m | €2.0m | €1.9m | €1.9m | ▼ 0.9% |
| Operating profit (loss)9901 | €5.4m | €3.0m | €1.4m | €1.0m | €1.4m | ▲ 35.1% |
| Financial income75/76B | €46,993 | €51,263 | €92,397 | €168,986 | €172,765 | ▲ 2.2% |
| Recurring financial income75 | €46,993 | €51,263 | €92,397 | €168,986 | €172,765 | ▲ 2.2% |
| Financial charges65/66B | €134,977 | €100,742 | €16,326 | €15,089 | €17,930 | ▲ 18.8% |
| Recurring financial charges65 | €134,977 | €100,742 | €16,326 | €15,089 | €17,930 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | €5.3m | €3.0m | €1.5m | €1.2m | €1.5m | ▲ 30.6% |
| Income taxes67/77 | €1.3m | €728,892 | €373,888 | €372,930 | €384,121 | ▲ 3.0% |
| Profit (loss) for the period9904 | €4.0m | €2.3m | €1.1m | €804,071 | €1.2m | ▲ 43.4% |
| Profit (loss) for the period to be appropriated9905 | €4.0m | €2.3m | €1.1m | €804,071 | €1.2m | ▲ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23.2m | €22.5m | €21.6m | €22.1m | €21.7m | ▼ 2.2% |
| Fixed assets21/28 | €430,153 | €548,657 | €415,750 | €233,562 | €119,284 | ▼ 48.9% |
| Intangible fixed assets21 | €35,603 | €24,641 | €17,659 | €10,676 | €3,694 | ▼ 65.4% |
| Tangible fixed assets22/27 | €394,551 | €524,017 | €398,091 | €222,885 | €115,590 | ▼ 48.1% |
| Land and buildings22 | €31,673 | €33,432 | €31,388 | €29,343 | €27,299 | ▼ 7.0% |
| Plant, machinery and equipment23 | €359,203 | €488,495 | €363,492 | €191,001 | €86,421 | ▼ 54.8% |
| Furniture and vehicles24 | €3,675 | €2,090 | €3,212 | €2,541 | €1,870 | ▼ 26.4% |
| Current assets29/58 | €22.8m | €22.0m | €21.1m | €21.9m | €21.5m | ▼ 1.7% |
| Stocks and contracts in progress3 | €603,548 | €1.1m | €791,327 | €577,008 | €740,147 | ▲ 28.3% |
| Stocks30/36 | €603,548 | €1.1m | €791,327 | €577,008 | €740,147 | ▲ 28.3% |
| Amounts receivable within one year40/41 | €254,025 | €352,788 | €230,801 | €287,165 | €81,438 | ▼ 71.6% |
| Trade receivables40 | €182,025 | €232,788 | €148,001 | €254,044 | €65,654 | ▼ 74.2% |
| Other amounts receivable41 | €72,000 | €120,000 | €82,800 | €33,122 | €15,784 | ▼ 52.3% |
| Current investments50/53 | €4.1m | €5.0m | €5.1m | €19.1m | €19.2m | ▲ 0.7% |
| Cash at bank and in hand54/58 | €17.8m | €15.5m | €15.0m | €1.9m | €1.5m | ▼ 23.2% |
| Deferred charges and accrued income490/1 | €12,500 | €9,705 | €22,464 | €34,661 | €20,411 | ▼ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23.2m | €22.5m | €21.6m | €22.1m | €21.7m | ▼ 2.2% |
| Equity10/15 | €20.0m | €20.3m | €19.9m | €19.7m | €20.8m | ▲ 5.9% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €40,449 | €40,449 | €40,449 | €40,449 | €40,449 | = |
| Non-distributable reserves130/1 | €5,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €5,000 | - | - | - | - | - |
| Tax-exempt reserves132 | €35,449 | €35,449 | €35,449 | €35,449 | €35,449 | = |
| Distributable reserves133 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €19.9m | €20.2m | €19.8m | €19.6m | €20.8m | ▲ 5.9% |
| Provisions and deferred taxes16 | €29,001 | €26,806 | €25,328 | €335,831 | €334,143 | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | €29,001 | €26,806 | €25,328 | €335,831 | €334,143 | ▼ 0.5% |
| Pensions and similar obligations160 | €29,001 | €26,806 | €25,328 | €23,175 | €21,487 | ▼ 7.3% |
| Environmental obligations163 | - | - | - | - | €312,656 | - |
| Other liabilities and charges164/5 | - | - | - | €312,656 | - | - |
| Amounts payable17/49 | €3.2m | €2.2m | €1.6m | €2.1m | €475,139 | ▼ 77.5% |
| Amounts payable within one year42/48 | €3.2m | €2.2m | €1.6m | €2.1m | €474,853 | ▼ 77.5% |
| Trade debts44 | €116,510 | €71,154 | €24,330 | €9,530 | €65,623 | ▲ 589% |
| Suppliers440/4 | €116,510 | €71,154 | €24,330 | €9,530 | €65,623 | ▲ 589% |
| Taxes, remuneration and social security45 | €100,152 | €35,352 | €54,241 | €44,106 | €24,069 | ▼ 45.4% |
| Taxes450/3 | €48,979 | €6,382 | €11,162 | €7,184 | - | - |
| Remuneration and social security454/9 | €51,173 | €28,970 | €43,079 | €36,921 | €24,069 | ▼ 34.8% |
| Other amounts payable47/48 | €3.0m | €2.1m | €1.6m | €2.1m | €385,161 | ▼ 81.3% |
| Accrued charges and deferred income492/3 | €4,826 | €606 | €443 | €110 | €286 | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.0m | €2.3m | €1.1m | €804,071 | €1.2m | ▲ 43.4% |
| + Depreciation and write-downs630 | €118,054 | €168,933 | €201,885 | €182,188 | €133,733 | ▼ 26.6% |
| Operating cash flow (approximation) | €4.1m | €2.4m | €1.3m | €986,259 | €1.3m | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | -€287,437 | -€68,978 | €0 | -€19,456 | - |
| Change in cash | - | -€2.3m | -€495,176 | -€13.0m | -€451,573 | ▲ 96.5% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
24-03
State Gazette act
Appointment: Eliot SCHRÖDER (director)Resignation: Hans Helge (director)2 facts ▸
State Gazette act
Appointment: Eliot SCHRÖDER (director)
Resignation: Hans Helge (director)2 facts ▸
- Director appointment, Eliot SCHRÖDER (director)
- Director resignation, Hans Helge
2025
31-12
Financial
Liquidity quadruplescurrent ratio 45.34
Current ratio from 10.37 to 45.34; short-term debt falls from €2.1m to €474,853.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €804,071 ▼28.9%
Net result drops to €804,071, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €4.0m ▲40.6%
Operating result €5.4m, net result €4.0m, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 210.16
Current ratio from 64.67 to 210.16; short-term debt falls from €246,120 to €86,044.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 231 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Eliot SCHRÖDER
CurrentDirector · since 24-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 1966
Ground area
8,901 m²
Building footprint
3,921 m²
Volume, LiDAR
22,539 m³
Parcel 63059A0162/00A003, Wallonia · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Manaihant 30, 4800 Verviers
since 19662.006.579.909
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0162/00A003 | Wallonia | 8,901 m² | 1 · 3,921 m² | 16.7 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eliot SCHRÖDER |
|
| Hans Helge |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded20-11-1963
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
22240Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402274341
Also
9925:BE0402274341
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.