DenX
ActiveSummary
DenX has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.41M and a net result of €184k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 83.26; short-term debt: 1.2% and cash: 9.7% of total assets), and 1.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
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
98.7%
Return on assets
5.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
21 d early
2023
21 d early
2022
46 d early
2021
48 d early
2020
47 d early
2019
55 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.41M▼ 24.1%
2024 · €4.50M
2019: €2.29M
2020: €2.27M
2021: €2.42M
2022: €2.20M
2023: €4.41M
2024: €4.50M
2019 → 2025
Total assets
€3.46M▼ 23.6%
2024 · €4.52M
2019: €2.49M
2020: €2.32M
2021: €2.48M
2022: €2.24M
2023: €4.66M
2024: €4.52M
2019 → 2025
Net result
€184k▲ 111%
2024 · €87k
2019: €1.66M
2020: €-13k
2021: €145k
2022: €41k
2023: €2.21M
2024: €87k
2019 → 2025
Working capital
€3.41M▼ 24.2%
2024 · €4.49M
2019: €1.95M
2020: €1.93M
2021: €2.08M
2022: €1.85M
2023: €4.41M
2024: €4.49M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.42M-€2.20M▼ 9.2%€4.41M▲ 101%€4.50M▲ 2.0%€3.41M▼ 24.1%
Operating result€69k-€64k▼ 6.7%€51k▼ 20.0%€34k▼ 33.1%€32k▼ 7.2%
Net result€145k-€41k▼ 71.7%€2.21M▲ 5,298%€87k▼ 96.1%€184k▲ 111%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.46M
Fixed assets
€10k ▲ 37.0%
Current assets
€3.45M ▼ 23.7%
Equity and liabilities €3.46M
Equity
€3.41M ▼ 24.1%
Debt
€45k ▲ 78.6%
Debt's share of the balance-sheet total rises from 0.6% to 1.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36k▼
2024 · €38k
Cash flow
€188k▲
2024 · €91k
Current ratio
83.26
Debt to equity
0.01▲
2024 · 0.01
ROE
5.4%▲
2024 · 1.9%
ROA
5.3%▲
2024 · 1.9%
Interest coverage
2.69▲
2024 · -10.52
Debt ≤ 1 year
€41k▲
2024 · €23k
Income taxes
€53k▲
2024 · €31k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.52M€3.46M▼
Fixed assets21/28€7k€10k▲
Tangible fixed assets22/27€7k€10k▲
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€1k€775▼
Current assets29/58€4.52M€3.45M▼
Amounts receivable after more than one year29€406k-
Other amounts receivable291€406k-
Amounts receivable within one year40/41€142k€421k▲
Trade receivables40€30k€14k▼
Other amounts receivable41€112k€407k▲
Current investments50/53€3.65M€2.69M▼
Cash at bank and in hand54/58€300k€334k▲
Deferred charges and accrued income490/1€18k€5k▼
Equity and liabilities
Total equity and liabilities10/49€4.52M€3.46M▼
Equity10/15€4.50M€3.41M▼
Contributions10/11€6k€6k=
Revaluation surpluses12€4k€4k=
Reserves13€4.34M€3.26M▼
Distributable reserves133€4.34M€3.26M▼
Profit (loss) carried forward14€145k€145k=
Amounts payable17/49€25k€45k▲
Amounts payable within one year42/48€23k€41k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€340€19k▲
Taxes450/3€340€19k▲
Other amounts payable47/48€20k€21k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€522-
Gross operating margin9900€43k€42k▼
Operating profit (loss)9901€34k€32k▼
Financial income75/76B€82k€219k▲
Recurring financial income75€77k€65k▼
Non-recurring financial income76B€5k€154k▲
Financial charges65/66B€-2k€14k▲
Recurring financial charges65€-4k€13k▲
Non-recurring financial charges66B€1k€273▼
Profit (loss) for the period before taxes9903€119k€237k▲
Income taxes67/77€31k€53k▲
Profit (loss) for the period9904€87k€184k▲
Profit (loss) for the period to be appropriated9905€87k€184k▲
Appropriation of the result
Profit (loss) to be appropriated9906€232k€329k▲
Profit (loss) brought forward from the previous period14P€145k€145k=
Transfer from equity791/2-€1.27M
Transfer to equity691/2€87k€184k▲
To other reserves6921€87k€184k▲
Profit to be distributed694/7-€1.27M
Return on contributions (dividend)694-€1.27M
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity times 10current ratio 197.96
Current ratio from 19.09 to 197.96; short-term debt falls from €244k to €23k.
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €2.21M ▲5298%
Net result €2.21M, the highest in the series.
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-13k ▼101%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 5current ratio 64.49
Current ratio from 11.79 to 64.49; short-term debt falls from €180k to €30k.
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
27-06
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hove · 1 establishment unit since 2006
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.
Kapelstraat 962540 HoveGround area
8,468 m²
Building footprint
512 m²
Volume, LiDAR
2,817 m³
2 parcels, Flanders · tallest building 21.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DENX
since 20062.153.662.096
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0297/00A000 | Flanders | 8,033 m² | 1 · 400 m² | 21.7 m · 1 fl. |
| 11038A0481/00A003 | Flanders | 435 m² | 1 · 112 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DANNEELS
BE 0439.587.667
Brugge · Eq €3,413,459
Vision over Sight
BE 0743.386.125
Sint-Truiden · Eq €3,414,128
AMARIS IS&D
BE 0720.524.908
Mechelen · Eq €3,412,590
Kamino
BE 0684.458.328
Tervuren · Eq €3,411,662
SAVE DEAL
BE 0477.972.250
Watermaal-Bosvoorde · Eq €3,411,177
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 14,599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2006
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.