Equity
€93,531 from €239,452 in 2007
Equity fell by 61% in 18 years.
DIFRAPAN
Lifetime
18 annual accounts with figures on one time axis, 40 filings since 1984peak €380,818 (2019)
-€11,292▲ €12,414
lowest -€159,154 (2016)
-€11,366▲ €14,138
peak €239,452 (2007)
€93,531▲ €170,634
€6,329▼ 97.6%
Board3 names since 2019
1 directorVERSCHAEVE Didier
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Gross margin from -€23,706 to -€11,292Loss of €11,366Company renamed from VERSCHAEVE MICHEL to DIFRAPAN 20-08Equity from -€77,103 to €93,531Debts from €258,739 to €6,329Cash from €19,535 to €38,455
Key points
from the 2025 annual accountsLosses
-€36,869 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Liquidity
6.20 was 0.47 in 2024
Short-term debts fell from €258,739 to €6,329.
Turnover not published (abbreviated or micro format)
Checked score
92
Excellent
Financially stronger than 74% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%highest value
01-2025: 3.7%● unchanged vs 12-2024highest value
02-2025: 3.7%● unchanged vs 01-2025highest value
03-2025: 3.7%● unchanged vs 02-2025highest value
04-2025: 3.7%● unchanged vs 03-2025highest value
05-2025: 3.7%● unchanged vs 04-2025highest value
06-2025: 0.9%▼ -2.8 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 1.8%▲ +0.9 percentage points vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 2.1%▲ +0.2 percentage points vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026
07-2026: 2.4%▲ +0.2 percentage points vs 06-2026
08-2026: 2.7%▲ +0.3 percentage points vs 07-2026
09-2026: 2.9%▲ +0.2 percentage points vs 08-2026
10-2026: 0.2%▼ -2.7 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €11,366, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 6.20, cash €38,455
Equity €93,531 (93.7% of total assets)
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 46, micro). It does better than 90% of them on solvency, 94% on liquidity, 14% on profitability and 97% on growth.
The bankruptcy probability was computed on 10-11-2026 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 verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.2 (0.47 in 2024), above the usual 1.5. Short-term debt is 6.3% and cash 38.5% of total assets. 6.3% 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 riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
72 days early
2021
29 days late
2020
5 days early
2019
118 days late
2018
27 days late
2017
27 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 12 days after the deadline. In the sector (NACE 46), 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 26 July (4 of the last 5 accounts filed within 67 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VERSCHAEVE Didierdeed of 20-08-2025
- VERSCHAEVE Thierrydeed of 20-08-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0425727852
Company renamed from VERSCHAEVE MICHEL to DIFRAPAN
Registered office moved within Kuurne · Capital from €256,000 to €438,000 · Capital from €438,000 to €68,000 · General meeting of 12-08-2025 · Gazette deed
3 directors reappointed
ARRECKX Marie-Rose, VERSCHAEVE Didier (managing director) and VERSCHAEVE Thierry (managing director) · General meeting of 01-06-2019 · Gazette deed
First establishment
Stokerijstraat 31, Kuurne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DIFRAPAN Kuurne | €99,860 | -€11,292 | 93.7% | - |
| CHANTIER MINERIE Thimister-Clermont | €107,144 | -€24,690 | 99.3% | - |
| 'T NEERHOF Huldenberg | €97,801 | -€5,832 | 80.5% | - |
| BO-VERMOL Wevelgem | €130,307 | -€953 | 91.6% | - |
| KARIDA Beveren-Kruibeke-Zwijndrecht | €73,991 | -€2,245 | 99.9% | - |
| Anciens Etablissements René Beghin Schaerbeek | €125,682 | -€3,412 | 94.9% | - |
| WILLEM - JAN LAANE TRADING Lier | €82,849 | -€6,241 | -232.8% | - |
These companies have the same main activity as DIFRAPAN: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €74,000 and €130,000, founded between 1978 and 1991.
Official details
Source: KBO- Status
- Active since 30-12-1983Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 2 others
- Establishment unit
- 2.024.562.5218520 Kuurne, since 30-12-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 23-09-2025
Annual accounts 2025
- €99,860▼ 45.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on DIFRAPAN
DIFRAPAN files the abbreviated format. That format states no turnover. The gross margin fell from €73,385 in 2006 to -€11,292 in 2025.
The balance sheet grew most from 2015 to 2016 through fixed assets.
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 DIFRAPAN
- What is the company number of DIFRAPAN?
- The company number of DIFRAPAN is 0425.727.852. The VAT number is the same number with BE in front: BE 0425.727.852.
- Where is DIFRAPAN based?
- The registered office is at Stokerijstraat 31, 8520 Kuurne.Company details
- What does DIFRAPAN do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of DIFRAPAN?
- DIFRAPAN is a public limited company (NV).
- When was DIFRAPAN founded?
- DIFRAPAN was founded on 30-12-1983.
- Is DIFRAPAN still active?
- Yes, DIFRAPAN is an active enterprise in the KBO register.
- What is the turnover of DIFRAPAN?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is DIFRAPAN profitable?
- In financial year 2025, DIFRAPAN made a loss of €11,366.
- Where can I find the annual accounts of DIFRAPAN?
- DIFRAPAN filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DIFRAPAN due?
- DIFRAPAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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