DENIS DEHARD
ActiveDENIS DEHARD has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €887k and a net result of €-39k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 20% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-37
Solvency47▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.14 in 2023; short-term debt: 59.2% and cash: 2.4% of total assets), and 78.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.7%
Return on assets
-1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 143 sector peers (2024).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
33 d early
2022
32 d early
2021
39 d early
2020
110 d early
2019
144 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-39k
2023 · €360k
2018: €-225k
2019: €139k
2020: €299k
2021: €220k
2022: €51k
2023: €360k
2018 → 2024
Working capital
€114k▼ 47.7%
2023 · €218k
2018: €-275k
2019: €-103k
2020: €326k
2021: €597k
2022: €68k
2023: €218k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€265k-€485k▲ 83.2%€536k▲ 10.6%€846k▲ 57.9%€887k▲ 4.9%
Operating result€337k-€252k▼ 25.3%€122k▼ 51.5%€449k▲ 268%€-9k
Net result€299k-€220k▼ 26.5%€51k▼ 76.8%€360k▲ 604%€-39k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €449k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.08M
Fixed assets
€1.55M▼ 3.2%
Current assets
€2.53M▲ 42.3%
Equity and liabilities €4.08M
Equity
€887k▲ 4.9%
Debt
€3.20M▲ 26.1%
The debt ratio rises from 75.0% to 78.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142k▼
2023 · €562k
Cash flow
€112k▼
2023 · €472k
Solvency
21.7%▼
2023 · 25.0%
Current ratio
1.05▼
2023 · 1.14
Quick ratio
0.23▼
2023 · 0.73
Debt / equity
3.60▲
2023 · 3.00
ROE
-4.4%▼
2023 · 42.6%
ROA
-1.0%▼
2023 · 10.7%
Interest coverage
3.31▼
2023 · 11.96
Debt
€3.20M▲
2023 · €2.53M
Debt ≤ 1 year
€2.42M▲
2023 · €1.56M
Debt > 1 year
€774k▼
2023 · €973k
Income taxes
€826▼
2023 · €51k
Staff costs
€859k▼
2023 · €916k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.38M€4.08M▲
Fixed assets21/28€1.60M€1.55M▼
Intangible fixed assets21€78k€133k▲
Tangible fixed assets22/27€1.52M€1.42M▼
Land and buildings22€1.25M€1.18M▼
Plant, machinery and equipment23€41k€34k▼
Furniture and vehicles24€47k€32k▼
Leasing and similar rights25€171k€142k▼
Assets under construction and advance payments27€15k€27k▲
Financial fixed assets28€2k€380▼
Current assets29/58€1.78M€2.53M▲
Stocks and contracts in progress3€638k€1.98M▲
Stocks30/36€256k€425k▲
Contracts in progress37€382k€1.56M▲
Amounts receivable within one year40/41€356k€417k▲
Trade receivables40€307k€314k▲
Other amounts receivable41€48k€103k▲
Cash at bank and in hand54/58€756k€97k▼
Deferred charges and accrued income490/1€31k€34k▲
Equity and liabilities
Total equity and liabilities10/49€3.38M€4.08M▲
Equity10/15€846k€887k▲
Contributions10/11€611k€611k=
Capital10€611k€611k=
Issued capital100€611k€611k=
Reserves13€171k€171k=
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Distributable reserves133€150k€150k=
Profit (loss) carried forward14€64k€24k▼
Investment grants15-€80k
Amounts payable17/49€2.53M€3.20M▲
Amounts payable after more than one year17€973k€774k▼
Financial debts170/4€973k€774k▼
Amounts payable within one year42/48€1.56M€2.42M▲
Current portion of amounts payable after more than one year42€225k€202k▼
Financial debts43-€170k
Credit institutions430/8-€170k
Trade debts44€388k€312k▼
Suppliers440/4€388k€312k▼
Advances received on contracts in progress46€678k€1.60M▲
Taxes, remuneration and social security45€122k€137k▲
Taxes450/3€20k€13k▼
Remuneration and social security454/9€101k€124k▲
Other amounts payable47/48€150k-
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Non-recurring operating income76A-€826
Remuneration, social security and pensions62€916k€859k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€151k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€7k€10k▲
Non-recurring operating charges66A-€17k
Gross operating margin9900€1.48M€1.03M▼
Operating profit (loss)9901€449k€-9k▼
Financial income75/76B€8k€14k▲
Recurring financial income75€190€14k▲
Non-recurring financial income76B€8k-
Financial charges65/66B€47k€43k▼
Recurring financial charges65€47k€43k▼
Profit (loss) for the period before taxes9903€411k€-38k▼
Income taxes67/77€51k€826▼
Profit (loss) for the period9904€360k€-39k▼
Profit (loss) for the period to be appropriated9905€360k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€382k€24k▼
Profit (loss) brought forward from the previous period14P€22k€64k▲
Transfer to equity691/2€168k-
To the legal reserve6920€18k-
To other reserves6921€150k-
Profit to be distributed694/7€150k-
Return on contributions (dividend)694€150k-
Social balance
Average headcount (FTE)908716.615.6▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €360k ▲604%
Operating result €449k, net result €360k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €536k ▲10.6%
4 profitable years in a row build equity to €536k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €265k
2 profitable years in a row build equity to €265k.
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €139k
Net result €139k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Manhay · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Boussines, Vaux-Chavanne 1326960 ManhayGround area
5,211 m²
Parcel 83051A2248/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DENIS DEHARD
since 20052.149.768.042
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83051A2248/00D000 | Wallonia | 5,211 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BONIMMO
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 293 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-10-2005
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
33120Repair and maintenance of machinery
29322
46832Wholesale of timber
71111Activities of building architects
71310
74201Photography, excluding press photography
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@denisdehard.com
Phone:0479/78 23 00