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DURECO

Active
Private limited companyfounded 198144 yrs activeElleboogstraat 10, 9570 Lierde, BelgiumKBO/BCE: BE 0422.206.851
Summary

DURECO has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €412,124 and a net result of €21,171. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability46=
Solvency95=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 8.11 against 8.99 in 2024; short-term debt: 12.3% and cash: 98.4% of total assets), and 30.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
69.6%
Return on assets
3.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
22 d early
2023
on the day
2022
5 d early
2021
16 d early
2020
5 d early
2019
34 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 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 26 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 December 1981, DURECO was incorporated.1 Total assets went from EUR 455,365 in 2019 to EUR 591,729 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€412,124▲ 4.5%
2024 · €394,553
Total assets
€591,729▲ 4.9%
2024 · €563,956
Net result
€21,171▲ 15.7%
2024 · €18,291
Working capital
€518,784▲ 3.5%
2024 · €501,212
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€26,754=€20,771▼ 22.4%€19,533▼ 6.0%€23,358▲ 19.6%€25,860▲ 10.7%
Net result€21,226=€15,971within the sector's middle half▼ 24.8%€14,970within the sector's middle half▼ 6.3%€18,291within the sector's middle half▲ 22.2%€21,171within the sector's middle half▲ 15.7%
Equity€346,820▲ 4.4%€362,792above the sector's middle half▲ 4.6%€377,762above the sector's middle half▲ 4.1%€394,553above the sector's middle half▲ 4.4%€412,124above the sector's middle half▲ 4.5%
Total assets€499,420▲ 3.9%€520,341above the sector's middle half▲ 4.2%€540,335above the sector's middle half▲ 3.8%€563,956above the sector's middle half▲ 4.4%€591,729above the sector's middle half▲ 4.9%
Debt€45,940▲ 9.7%€50,890▲ 10.8%€55,914▲ 9.9%€62,743▲ 12.2%€72,946▲ 16.3%
Working capital€453,480▲ 3.3%€469,451above the sector's middle half▲ 3.5%€484,421above the sector's middle half▲ 3.2%€501,212above the sector's middle half▲ 3.5%€518,784above the sector's middle half▲ 3.5%
Solvency69.4%▲ 0.3pp69.7%within the sector's middle half▲ 0.3pp69.9%within the sector's middle half▲ 0.2pp70.0%within the sector's middle half=69.6%within the sector's middle half▼ 0.3pp
Current ratio10.87▼ 0.6210.22above the sector's middle half▼ 0.659.66above the sector's middle half▼ 0.568.99above the sector's middle half▼ 0.688.11above the sector's middle half▼ 0.88
Return on assets (ROA)4.3%▼ 0.2pp3.1%below the sector's middle half▼ 1.2pp2.8%below the sector's middle half▼ 0.3pp3.2%below the sector's middle half▲ 0.5pp3.6%below the sector's middle half▲ 0.3pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2021: €26,754€26,754Net result 2021: €21,226€21,226Operating result 2022: €20,771€20,771Net result 2022: €15,971€15,971Operating result 2023: €19,533€19,533Net result 2023: €14,970€14,970Operating result 2024: €23,358€23,358Net result 2024: €18,291€18,291Operating result 2025: €25,860€25,860Net result 2025: €21,171€21,17120212022202320242025€0€10,000€20,000€30,000Operating result 2023: €19,533€19,500Net result 2023: €14,970€15,000Operating result 2024: €23,358€23,400Net result 2024: €18,291€18,300Operating result 2025: €25,860€25,900Net result 2025: €21,171€21,200202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €591,729
Equity €412,124 ▲ 4.5%
Provisions €106,659 =
Debt €72,946 ▲ 16.3%
Debt's share of the balance-sheet total rises from 11.1% to 12.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.18▲
2024 · 0.16
ROE
5.1%▲
2024 · 4.6%
Debt ≤ 1 year
€72,946▲
2024 · €62,743
Income taxes
€5,845▲
2024 · €4,985
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,732 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€563,956€591,729▲
Current assets29/58€563,956€591,729▲
Amounts receivable within one year40/41€8,576€9,501▲
Trade receivables40€8,076€9,501▲
Other amounts receivable41€500€0▼
Cash at bank and in hand54/58€555,380€582,228▲
Equity and liabilities
Total equity and liabilities10/49€563,956€591,729▲
Equity10/15€394,553€412,124▲
Contributions10/11€12,400€12,400=
Reserves13€371,844€371,844=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€1,844€1,844=
Distributable reserves133€370,000€370,000=
Profit (loss) carried forward14€10,309€27,880▲
Provisions and deferred taxes16€106,659€106,659=
Provisions for liabilities and charges160/5€106,659€106,659=
Pensions and similar obligations160€106,659€106,659=
Amounts payable17/49€62,743€72,946▲
Amounts payable within one year42/48€62,743€72,946▲
Trade debts44€1,055€1,087▲
Suppliers440/4€1,055€1,087▲
Taxes, remuneration and social security45€2,248€3,879▲
Taxes450/3€2,248€3,879▲
Other amounts payable47/48€59,440€67,980▲
Income statement Code20242025
Other operating charges640/8€638€657▲
Gross operating margin9900€23,996€26,516▲
Operating profit (loss)9901€23,358€25,860▲
Financial income75/76B-€1,236
Recurring financial income75-€1,236
Financial charges65/66B€82€79▼
Recurring financial charges65€82€79▼
Profit (loss) for the period before taxes9903€23,276€27,016▲
Income taxes67/77€4,985€5,845▲
Profit (loss) for the period9904€18,291€21,171▲
Profit (loss) for the period to be appropriated9905€18,291€21,171▲
Appropriation of the result
Profit (loss) to be appropriated9906€209,950€31,480▼
Profit (loss) brought forward from the previous period14P€191,658€10,309▼
Transfer to equity691/2€198,141€0▼
To other reserves6921€198,141€0▼
Profit to be distributed694/7€1,500€3,600▲
Directors or managers695€1,500€3,600▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-----
Other operating charges640/8-€578€582€638€657▲ 2.9%
Gross operating margin9900€27,342€21,349€20,115€23,996€26,516▲ 10.5%
Operating profit (loss)9901€26,754€20,771€19,533€23,358€25,860▲ 10.7%
Financial income75/76B----€1,236-
Recurring financial income75€7---€1,236-
Financial charges65/66B-€57€76€82€79▼ 2.9%
Recurring financial charges65€41€57€76€82€79▼ 2.9%
Profit (loss) for the period before taxes9903€26,725€20,714€19,457€23,276€27,016▲ 16.1%
Income taxes67/77€5,499€4,743€4,487€4,985€5,845▲ 17.3%
Profit (loss) for the period9904€21,226€15,971€14,970€18,291€21,171▲ 15.7%
Profit (loss) for the period to be appropriated9905€21,226€15,971€14,970€18,291€21,171▲ 15.7%
Line20212022202320242025Change
Assets
Total assets20/58€499,420€520,341€540,335€563,956€591,729▲ 4.9%
Formation expenses20€0-----
Intangible fixed assets21€0-----
Financial fixed assets28€0-----
Current assets29/58€499,420€520,341€540,335€563,956€591,729▲ 4.9%
Stocks and contracts in progress3€0-----
Amounts receivable within one year40/41€8,973€11,126€9,277€8,576€9,501▲ 10.8%
Trade receivables40-€9,876€8,777€8,076€9,501▲ 17.6%
Other amounts receivable41-€1,250€500€500€0▼ 100%
Current investments50/53€0-----
Cash at bank and in hand54/58€491,320€509,215€531,058€555,380€582,228▲ 4.8%
Equity and liabilities
Total equity and liabilities10/49€499,420€520,341€540,335€563,956€591,729▲ 4.9%
Equity10/15€346,820€362,792€377,762€394,553€412,124▲ 4.5%
Contributions10/11-€12,400€12,400€12,400€12,400=
Reserves13€173,703€173,703€173,703€371,844€371,844=
Non-distributable reserves130/1-€1,859€1,859€0--
Reserves not available under the articles1311-€1,859€1,859€0--
Tax-exempt reserves132-€1,844€1,844€1,844€1,844=
Distributable reserves133-€170,000€170,000€370,000€370,000=
Profit (loss) carried forward14€160,717€176,688€191,658€10,309€27,880▲ 170%
Provisions and deferred taxes16€106,659€106,659€106,659€106,659€106,659=
Provisions for liabilities and charges160/5-€106,659€106,659€106,659€106,659=
Pensions and similar obligations160-€106,659€106,659€106,659€106,659=
Amounts payable17/49€45,940€50,890€55,914€62,743€72,946▲ 16.3%
Amounts payable within one year42/48€45,940€50,890€55,914€62,743€72,946▲ 16.3%
Trade debts44€1,129€1,195€1,077€1,055€1,087▲ 3.0%
Suppliers440/4-€1,195€1,077€1,055€1,087▲ 3.0%
Taxes, remuneration and social security45-€2,395€2,257€2,248€3,879▲ 72.5%
Taxes450/3-€2,395€2,257€2,248€3,879▲ 72.5%
Other amounts payable47/48-€47,300€52,580€59,440€67,980▲ 14.4%
Line20212022202320242025Change
Profit (loss) for the period9904€21,226€15,971€14,970€18,291€21,171▲ 15.7%
+ Depreciation and write-downs630€0-----
Operating cash flow (approximation)€21,226€15,971€14,970€18,291€21,171▲ 15.7%
Change in cash-€17,895€21,843€24,322€26,848▲ 10.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
29-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
09-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Weakest financial yearnet €14,970 ▼6.3%
Net result drops to €14,970, the lowest in the series; recovery starts the following year.
2022
26-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
15-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
26-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
27-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
17-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, Lierde · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
1,697 m²
Building footprint
356 m²
Volume, LiDAR
2,164 m³
Parcel 45004A0272/00H000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
KAAPSE WIJNGAARD
Elleboogstraat 10, 9570 LierdeNACE 5134001
since 19982.020.425.668
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45004A0272/00H000 Flanders 1,697 m² 1 · 356 m² 11.4 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.

Similar companies · same sector, comparable size

Of 2,265 companies in sector 69209 we hold annual accounts for 1,101. 760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-12-1981
Fiscal year end31-03
Activities, NACEBEL 2025
69209Other tax advisory services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0422206851
Also 9925:BE0422206851
Registered 06-10-2025

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.