Active BE 0432.133.713Private limited company

DENUL - VANANTWERPEN

Florimond De Pauwstraat 23 ·1070 Anderlecht, Belgium· 38 yrs active

Sector: Risk and damage evaluation (66210)

Conclusion Checked

DENUL - VANANTWERPEN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €501k and a net result of €188k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 226 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€501k
Net result	€188k
Better than sector	95%
Active	38 yrs

Financial profile 4 of 5 axes measured · computed by Checked

94 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1987, 38 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview38 NBB filings

Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.3%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 66, Activities auxiliary to financial services and insurance activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	97.4%	47.2%	better than 95% of 226 sector peers
Net result	€188k	€43k	better than 91% of 226 sector peers
Equity	€501k	€84k	better than 90% of 226 sector peers
Gross operating margin	€276k	€88k	better than 83% of 226 sector peers
Total assets	€515k	€205k	better than 74% of 226 sector peers

Net profit

€188k

+836.2% 22-25

Total assets

€515k

+47.5% 22-25

Equity

€501k

+59.9% 22-25

Income taxes

€90k

+712.1% 22-25

Dividends

€0

-100.0% 22-25

Debt

€14k

-61.9% 22-25

Debt ≤ 1y

€14k

-59.0% 22-25

Solvency

97.4%

+8.5% 22-25

ROE

37.5%

+485.3% 22-25

ROA

36.5%

+534.8% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€188k	€20k	€33k	€29k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€90k	€11k	€16k	€17k
Dividends	-	-	€0	€144k
Total assets	€515k	€349k	€328k	€286k
Equity	€501k	€313k	€293k	€261k
Debt	€14k	€36k	€34k	€26k
of which ≤ 1y	€14k	€33k	€34k	€26k
of which > 1y	-	-	-	-
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	97.4%	89.8%	89.5%	91.0%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	36.5%	5.7%	10.0%	10.1%
ROE	37.5%	6.4%	11.1%	11.2%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Equity & liabilities

Equity €501k · 97.4% Debt €14k · 2.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€515k	€349k	€328k	€286k
Fixed assets	21/28	€0	€38k	€47k	€43k
Tangible fixed assets	22/27	€0	€38k	€47k	€43k
Financial fixed assets	28	-	€0	€68	€68
Current assets	29/58	€515k	€311k	€280k	€243k
Amounts receivable within one year	40/41	€287k	€3k	€699	€0
Cash & bank	54/58	€228k	€306k	€277k	€240k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€515k	€349k	€328k	€286k
Equity	10/15	€501k	€313k	€293k	€261k
Contributions / capital	10/11	€6k	€6k	€6k	€6k
Reserves	13	€495k	€307k	€287k	€254k
Accumulated profits (losses)	14	-	-	€0	€0
Amounts payable	17/49	€14k	€36k	€34k	€26k
Amounts payable within one year	42/48	€14k	€33k	€34k	€26k
Trade debts payable within one year	44	€314	€299	€4k	€0
Income statement
Gross operating margin	9900	€276k	€43k	€59k	€57k
Operating result	9901	€273k	€30k	€48k	€46k
Financial income	75	€5k	€3k	€1k	-
Financial charges	65	€185	€2k	€182	€174
Result before taxes	9903	€278k	€31k	€49k	€46k
Income taxes	67/77	€90k	€11k	€16k	€17k
Net result for the period	9904	€188k	€20k	€33k	€29k
Result to be appropriated	9905	€188k	€20k	€33k	€29k

Legal Structure

NACE primary	Risk and damage evaluation(66210)
Legal form	Private limited company(610)
Incorporation	30-09-1987
Status	Active
Postal code	1070

Establishment units 1 location

Florimond De Pauwstraat 23, 1070 Anderlecht

Arts creation and performing arts activities

since 19872.030.687.179

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21308H0647/00E004	Brussels	181 m²	1 · 79 m²	11.3 m · 3 fl.

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.

Updates 10 events

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2022net €188k ▲836%

Operating result €273k, net result €188k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 37.88

Current ratio from 9.41 to 37.88; short-term debt falls from €33k to €14k.

31-12

Financial Equity above €500kEq €501k ▲59.9%

4 profitable years in a row build equity to €501k.

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €20k ▼38.6%

Net result drops to €20k, the lowest in the series; recovery starts the following year.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

20-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

13-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

01-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

19-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

14-06

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.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Risk and damage evaluation66210Activities auxiliary to financial services and insurance activities66290Cultural education85520Performing arts by independent artists90201

Names & trade names

Legal nameNL

DENUL - VANANTWERPEN

Similar companies Comparable size · 502 of 854 companies in this sector with filed accounts

VERSTICHEL ET EXPERTS ASSOCIES BE 0843.514.572 · Nivelles

LES EXPERTS REUNIS BE 0479.181.087 · Liège

D. GOVAERT & C° VERZEKERINGEN BE 0444.509.230 · Merchtem

HOLLANDERS EXPERTISEBUREAU BE 0874.883.382 · Schilde

PEREBOOMS & Cie BE 0437.582.737 · Lasne