Equity
€269,510 ▲ 6.7%
Denocool has made a profit without a break since 2015.
Denocool
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €306,698 (2024)
€163,850▼ 46.6%
lowest -€30,624 (2008)
€16,868▼ 83.6%
peak €269,510 (2025)
€269,510▲ 6.7%
€137,760▼ 10.9%
peak 3 FTE (2024)
1.5 FTE▼ 50.0%
Board2 names since 2001
1 directorDe Noyette Pascal
Documentsfilings and deeds
28-05-202628 days late
2025abbreviated format
Gross margin from €306,698 to €163,850Result from €102,997 to €16,868Staff from 3 FTE to 1.5 FTERegistered office moved within Gavere 23-07Investments €57,681Cash from €13,598 to €33,716
Key points
from the 2025 annual accountsResult
€16,868 ▼ 83.6%
The result fell in 2025 from €102,997 to €16,868.
Turnover
≈ €420,000 estimated
The accounts state no turnover.
Investments
€56,340 2.4 × depreciation
Green is investment, beige is depreciation.
Staff
1 employees on 30-09-2025
In 2025, nobody joined and 2 people left.
Filings
24 annual accounts since 2002
Seven of the last ten came late. The 2021 accounts came latest: 30 days after the end of the period.
Checked score
82
Excellent
Financially stronger than 56% of micro companies in machinery and equipment (NACE 28)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.2 percentage points vs 03-2025
05-2025: 0.6%▲ +0.2 percentage points vs 04-2025
06-2025: 0.2%▼ -0.4 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.5 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.9%▲ +0.2 percentage points vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.3%▲ +0.4 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.8 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Size: 1.5 FTE, total assets €407,270
lowers risk
Figures for financial year 2025 (filed on 30-05-2026)
Founded in 2001
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 28, micro). It does better than 69% of them on solvency, 48% on liquidity, 51% on profitability and 56% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Denocool has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Denocool itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for Denocool. 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.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.61 (3.23 in 2024), above the usual 1.5. Short-term debt is 24.9% and cash 8.3% of total assets. 33.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
26 days late
2023
27 days late
2022
25 days late
2021
30 days late
2020
28 days late
2019
20 days late
← 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 26 days after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Recent changes
Company renamed from H.L.M. to Denocool
“Uitwerking van projecten op het gebied van klimaatbeheersing, koeltechniek, zuivering en voorkomen van…” (deed in Dutch) · General meeting of 30-01-2026 · Gazette deed
Registered office moved within Gavere
New registered office: Legen Heirweg 5/D, 9890 Gavere · Previous registered office: Vluchtenboerstraat 43, 9890 Gavere · General meeting of 05-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474550625
Resignation: huidige bestuurder (director, formerly manager)
Reappointment: huidige bestuurder (director) · General meeting of 26-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Denocool Gavere | €407,270 | €163,850 | 66.2% | 1.5 |
| COOL & DRAFT Maldegem | €672,041 | €132,456 | 75.3% | 1 |
| INDUSTRIELE VENTILATIE TECHNIEKEN Hamont-Achel | €665,804 | €187,922 | 91.2% | 3.4 |
| LECOUTERE GEBROEDERS Wevelgem | €645,718 | €126,730 | 46.4% | 1 |
| BELGAFROID Juprelle | €615,210 | €294,002 | 46.9% | 2.9 |
| ENTRON TECHNICS Herentals | €850,524 | €279,695 | 21.9% | 1 |
| L.P. COOLING - LE FROID AUTREMENT Namur | €899,871 | €311,241 | 32.0% | 3.8 |
These companies have the same main activity as Denocool: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €615,000 and €900,000, founded between 1983 and 2011.
Official details
Source: KBO- Status
- Active since 09-04-2001Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250and 4 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 30-09-2025
- Establishment unit
- 2.093.161.0209890 Gavere, since 10-05-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 07-01-2025
Annual accounts to 30-09-2025
- €407,270=
- Employeeson 30-09-2025
- 1▼ 66.7%
- Filing
- Filed on 28-05-2026
Insights on Denocool
Denocool files the abbreviated format. That format states no turnover. The gross margin rose from €70,552 in 2007 to €163,850 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Denocool
- What is the company number of Denocool?
- The company number of Denocool is 0474.550.625. The VAT number is the same number with BE in front: BE 0474.550.625.
- Where is Denocool based?
- The registered office is at Legen Heirweg 5, 9890 Gavere.Company details
- What does Denocool do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
- What is the legal form of Denocool?
- Denocool is a private limited company (BV).
- When was Denocool founded?
- Denocool was founded on 09-04-2001.
- Is Denocool still active?
- Yes, Denocool is an active enterprise in the KBO register.
- How many employees does Denocool have?
- Denocool had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Denocool fall under?
- In its 30-09-2025 annual accounts, Denocool states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of Denocool?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €163,850 and 1,646 comparable companies of the same size. It probably lies between €250,000 and €780,000. It is a rough estimate.
- Is Denocool profitable?
- In financial year 2025, Denocool made a profit of €16,868.
- Where can I find the annual accounts of Denocool?
- Denocool filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Denocool due?
- Denocool must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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