KOEN DERMUL
ActiveSummary
KOEN DERMUL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241k and a net result of €40k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency57▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 3.21 in 2024; short-term debt: 32.4% and cash: 20.8% of total assets), and 68% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32%
Return on assets
5.4%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
65 d late
2022
4 d late
2021
23 d late
2020
55 d late
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€241k▼ 29.2%
2024 · €340k
2018: €120klowest in 8 years
2019: €144k▲ +19.9% vs 2018
2020: €193k▲ +33.6% vs 2019
2021: €234k▲ +21.1% vs 2020
2022: €318k▲ +36.3% vs 2021
2023: €300k▼ -5.9% vs 2022
2024: €340k▲ +13.4% vs 2023highest in 8 years
2025: €241k▼ -29.2% vs 2024
2018 → 2025
Total assets
€753k▲ 4.1%
2024 · €723k
2018: €562klowest in 8 years
2019: €667k▲ +18.7% vs 2018
2020: €679k▲ +1.8% vs 2019
2021: €685k▲ +0.9% vs 2020
2022: €781k▲ +14.0% vs 2021highest in 8 years
2023: €727k▼ -6.9% vs 2022
2024: €723k▼ -0.5% vs 2023
2025: €753k▲ +4.1% vs 2024
2018 → 2025
Net result
€40k▲ 0.6%
2024 · €40k
2018: €27k
2019: €24k▼ -10.8% vs 2018
2020: €48k▲ +104% vs 2019
2021: €41k▼ -15.9% vs 2020
2022: €85k▲ +108% vs 2021highest in 8 years
2023: €16k▼ -80.7% vs 2022lowest in 8 years
2024: €40k▲ +146% vs 2023
2025: €40k▲ +0.6% vs 2024
2018 → 2025
Working capital
€96k▼ 49.7%
2024 · €191k
2018: €39klowest in 8 years
2019: €67k▲ +71.6% vs 2018
2020: €98k▲ +47.6% vs 2019
2021: €114k▲ +16.4% vs 2020
2022: €162k▲ +41.7% vs 2021
2023: €152k▼ -6.4% vs 2022
2024: €191k▲ +26.1% vs 2023highest in 8 years
2025: €96k▼ -49.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€318k▲ 36.3%€300k▼ 5.9%€340k▲ 13.4%€241k▼ 29.2%
2021: €234klowest in 5 years
2022: €318k▲ +36.3% vs 2021
2023: €300k▼ -5.9% vs 2022
2024: €340k▲ +13.4% vs 2023highest in 5 years
2025: €241k▼ -29.2% vs 2024
Operating result€69k-€132k▲ 91.3%€38k▼ 71.1%€68k▲ 77.4%€67k▼ 1.8%
2021: €69k
2022: €132k▲ +91.3% vs 2021highest in 5 years
2023: €38k▼ -71.1% vs 2022lowest in 5 years
2024: €68k▲ +77.4% vs 2023
2025: €67k▼ -1.8% vs 2024
Net result€41k-€85k▲ 108%€16k▼ 80.7%€40k▲ 146%€40k▲ 0.6%
2021: €41k
2022: €85k▲ +108% vs 2021highest in 5 years
2023: €16k▼ -80.7% vs 2022lowest in 5 years
2024: €40k▲ +146% vs 2023
2025: €40k▲ +0.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €753k
Fixed assets
€413k ▼ 7.4%
Current assets
€340k ▲ 22.5%
Equity and liabilities €753k
Equity
€241k ▼ 29.2%
Debt
€512k ▲ 33.6%
Debt's share of the balance-sheet total rises from 53.0% to 68.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€114k▲
2024 · €114k
Cash flow
€88k▲
2024 · €86k
Current ratio
1.39▼
2024 · 3.21
Quick ratio
1.26▼
2024 · 2.81
Debt to equity
2.13▲
2024 · 1.13
ROE
16.8%▲
2024 · 11.8%
ROA
5.4%▼
2024 · 5.6%
Interest coverage
14.24▲
2024 · 10.82
Debt ≤ 1 year
€244k▲
2024 · €86k
Debt > 1 year
€268k▼
2024 · €297k
Income taxes
€19k▲
2024 · €18k
Staff costs
€163k▲
2024 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€723k€753k▲
Fixed assets21/28€446k€413k▼
Tangible fixed assets22/27€445k€412k▼
Land and buildings22€426k€394k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€5k€10k▲
Financial fixed assets28€1k€1k=
Current assets29/58€277k€340k▲
Stocks and contracts in progress3€35k€33k▼
Stocks30/36€35k€33k▼
Amounts receivable within one year40/41€88k€142k▲
Trade receivables40€48k€88k▲
Other amounts receivable41€40k€55k▲
Cash at bank and in hand54/58€150k€156k▲
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€723k€753k▲
Equity10/15€340k€241k▼
Contributions10/11€6k€6k=
Reserves13€334k€234k▼
Tax-exempt reserves132€24k€24k=
Distributable reserves133€309k€210k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€383k€512k▲
Amounts payable after more than one year17€297k€268k▼
Financial debts170/4€297k€268k▼
Amounts payable within one year42/48€86k€244k▲
Current portion of amounts payable after more than one year42€28k€29k▲
Financial debts43€4k€4k▲
Credit institutions430/8€4k€4k▲
Trade debts44€46k€94k▲
Suppliers440/4€46k€94k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€6k€6k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48-€108k
Income statement
Code20242025
Remuneration, social security and pensions62€136k€163k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€48k▲
Other operating charges640/8€3k€19k▲
Non-recurring operating charges66A€0€966▲
Gross operating margin9900€254k€297k▲
Operating profit (loss)9901€68k€67k▼
Financial income75/76B€795€545▼
Recurring financial income75€795€545▼
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€58k€59k▲
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€40k€40k▲
Profit (loss) for the period to be appropriated9905€40k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€40k▲
Transfer from equity791/2€0€140k▲
Transfer to equity691/2€40k€40k▲
To other reserves6921€40k€40k▲
Profit to be distributed694/7€0€140k▲
Return on contributions (dividend)694€0€140k▲
Social balance
Average headcount (FTE)90872.12.4▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €125k | €139k | €138k | €136k | €163k | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €47k | €49k | €46k | €48k | ▲ 3.2% |
| Other operating charges640/8 | €2k | €4k | €4k | €3k | €19k | ▲ 498% |
| Non-recurring operating charges66A | €0 | - | €9k | €0 | €966 | - |
| Gross operating margin9900 | €238k | €321k | €238k | €254k | €297k | ▲ 17.0% |
| Operating profit (loss)9901 | €69k | €132k | €38k | €68k | €67k | ▼ 1.8% |
| Financial income75/76B | €136 | €374 | €693 | €795 | €545 | ▼ 31.4% |
| Recurring financial income75 | €136 | €374 | €693 | €795 | €545 | ▼ 31.4% |
| Financial charges65/66B | €11k | €11k | €13k | €11k | €8k | ▼ 23.8% |
| Recurring financial charges65 | €11k | €11k | €13k | €11k | €8k | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | €58k | €122k | €26k | €58k | €59k | ▲ 1.8% |
| Income taxes67/77 | €17k | €37k | €10k | €18k | €19k | ▲ 4.6% |
| Profit (loss) for the period9904 | €41k | €85k | €16k | €40k | €40k | ▲ 0.6% |
| Profit (loss) for the period to be appropriated9905 | €41k | €85k | €16k | €40k | €40k | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €685k | €781k | €727k | €723k | €753k | ▲ 4.1% |
| Fixed assets21/28 | €499k | €509k | €473k | €446k | €413k | ▼ 7.4% |
| Tangible fixed assets22/27 | €498k | €508k | €472k | €445k | €412k | ▼ 7.4% |
| Land and buildings22 | €469k | €490k | €459k | €426k | €394k | ▼ 7.6% |
| Plant, machinery and equipment23 | €19k | €12k | €5k | €13k | €8k | ▼ 41.5% |
| Furniture and vehicles24 | €10k | €7k | €8k | €5k | €10k | ▲ 92.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €186k | €271k | €253k | €277k | €340k | ▲ 22.5% |
| Stocks and contracts in progress3 | €5k | €9k | €15k | €35k | €33k | ▼ 5.8% |
| Stocks30/36 | €5k | €9k | €15k | €35k | €33k | ▼ 5.8% |
| Amounts receivable within one year40/41 | €56k | €93k | €161k | €88k | €142k | ▲ 61.7% |
| Trade receivables40 | €27k | €64k | €109k | €48k | €88k | ▲ 82.1% |
| Other amounts receivable41 | €29k | €29k | €52k | €40k | €55k | ▲ 36.9% |
| Current investments50/53 | €71k | €79k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €45k | €80k | €69k | €150k | €156k | ▲ 4.1% |
| Deferred charges and accrued income490/1 | €10k | €10k | €9k | €4k | €8k | ▲ 87.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €685k | €781k | €727k | €723k | €753k | ▲ 4.1% |
| Equity10/15 | €234k | €318k | €300k | €340k | €241k | ▼ 29.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €227k | €312k | €293k | €334k | €234k | ▼ 29.8% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €24k | €24k | €24k | €24k | €24k | = |
| Distributable reserves133 | €201k | €286k | €269k | €309k | €210k | ▼ 32.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €451k | €462k | €427k | €383k | €512k | ▲ 33.6% |
| Amounts payable after more than one year17 | €380k | €353k | €325k | €297k | €268k | ▼ 9.7% |
| Financial debts170/4 | €380k | €353k | €325k | €297k | €268k | ▼ 9.7% |
| Amounts payable within one year42/48 | €71k | €110k | €102k | €86k | €244k | ▲ 182% |
| Current portion of amounts payable after more than one year42 | €26k | €27k | €28k | €28k | €29k | ▲ 2.0% |
| Financial debts43 | - | €31 | €18 | €4k | €4k | ▲ 0.6% |
| Credit institutions430/8 | - | €31 | €18 | €4k | €4k | ▲ 0.6% |
| Trade debts44 | €43k | €66k | €57k | €46k | €94k | ▲ 104% |
| Suppliers440/4 | €43k | €66k | €57k | €46k | €94k | ▲ 104% |
| Taxes, remuneration and social security45 | €2k | €16k | €17k | €8k | €9k | ▲ 11.1% |
| Taxes450/3 | €2k | €12k | €14k | €6k | €6k | ▲ 0.4% |
| Remuneration and social security454/9 | - | €4k | €3k | €2k | €3k | ▲ 35.4% |
| Other amounts payable47/48 | €0 | - | - | - | €108k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €85k | €16k | €40k | €40k | ▲ 0.6% |
| + Depreciation and write-downs630 | €43k | €47k | €49k | €46k | €48k | ▲ 3.2% |
| Operating cash flow (approximation) | €83k | €131k | €65k | €86k | €88k | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | €-57k | €-13k | €-19k | €-15k | ▲ 21.3% |
| Change in cash | - | €36k | €-12k | €81k | €6k | ▼ 92.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €16k ▼80.7%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Highest result since 2018net €85k ▲108%
Operating result €132k, net result €85k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Equity above €200kEq €234k ▲21.1%
4 profitable years in a row build equity to €234k.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Equity above €150kEq €193k ▲33.6%
3 profitable years in a row build equity to €193k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ranst · 1 establishment unit since 2010
Ground area
4,228 m²
Building footprint
240 m²
Volume, LiDAR
1,366 m³
Parcel 11010B0180/00G000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DERMUL
since 20102.189.571.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010B0180/00G000 | Flanders | 4,228 m² | 1 · 240 m² | 10.0 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 768 EUR awarded · 768 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 375 EUR | 375 EUR |
| 2022 | 1 | 393 EUR | 393 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitair installateur (so)
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ANTOINE PERE ET FILS
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NOMATECH
BE 0600.839.873
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VERVOORT VERWARMING
BE 0894.564.484
Nijlen · Eq €240,737
Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,699 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
Founded01-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.