DEPECO
ActiveSummary
DEPECO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €-4k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-1
Solvency39=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.19 in 2023; short-term debt: 29.7% and cash: 3.1% of total assets), and 86.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
13.6%
Return on assets
-0.9%
Age of the figures
21 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
on the day
2022
18 d late
2021
9 d late
2020
20 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€61k▼ 10.5%
2023 · €68k
2018: €42k
2019: €40k▼ -5.9% vs 2018
2020: €38k▼ -4.4% vs 2019
2021: €35k▼ -6.6% vs 2020lowest in 7 years
2022: €65k▲ +85.4% vs 2021
2023: €68k▲ +4.5% vs 2022highest in 7 years
2024: €61k▼ -10.5% vs 2023
2018 → 2024
Total assets
€451k▼ 7.9%
2023 · €490k
2018: €265k
2019: €222k▼ -16.2% vs 2018
2020: €191k▼ -14.0% vs 2019lowest in 7 years
2021: €375k▲ +96.0% vs 2020
2022: €533k▲ +42.2% vs 2021highest in 7 years
2023: €490k▼ -8.0% vs 2022
2024: €451k▼ -7.9% vs 2023
2018 → 2024
Net result
€-4k
2023 · €36
2018: €-2k
2019: €-2k▼ -0.8% vs 2018
2020: €-1k▲ +35.2% vs 2019
2021: €-2k▼ -53.7% vs 2020
2022: €161▲ +108% vs 2021highest in 7 years
2023: €36▼ -77.9% vs 2022
2024: €-4k▼ -11747% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-108k▼ 27.1%
2023 · €-85k
2018: €-83k
2019: €-76k▲ +8.9% vs 2018
2020: €-70k▲ +7.5% vs 2019
2021: €-70k▲ +0.7% vs 2020
2022: €-58k▲ +16.9% vs 2021highest in 7 years
2023: €-85k▼ -46.5% vs 2022
2024: €-108k▼ -27.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€35k▼ 6.6%€65k▲ 85.4%€68k▲ 4.5%€61k▼ 10.5%
2020: €38k
2021: €35k▼ -6.6% vs 2020lowest in 5 years
2022: €65k▲ +85.4% vs 2021
2023: €68k▲ +4.5% vs 2022highest in 5 years
2024: €61k▼ -10.5% vs 2023
Operating result€31-€-831€28k€-2k€-346▲ 85.8%
2020: €31
2021: €-831▼ -2772% vs 2020
2022: €28k▲ +3414% vs 2021highest in 5 years
2023: €-2k▼ -109% vs 2022lowest in 5 years
2024: €-346▲ +85.8% vs 2023
Net result€-1k-€-2k▼ 53.7%€161€36▼ 77.9%€-4k
2020: €-1k
2021: €-2k▼ -53.7% vs 2020
2022: €161▲ +108% vs 2021highest in 5 years
2023: €36▼ -77.9% vs 2022
2024: €-4k▼ -11747% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €346 in 2024 against €2k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €451k
Fixed assets
€425k ▼ 9.5%
Current assets
€26k ▲ 29.8%
Equity and liabilities €451k
Equity
€61k ▼ 10.5%
Provisions
€7k ▼ 17.5%
Debt
€383k ▼ 7.3%
Debt's share of the balance-sheet total rises from 84.3% to 84.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€72k▲
2023 · €63k
Cash flow
€68k▲
2023 · €66k
Current ratio
0.19▲
2023 · 0.19
Quick ratio
0.12▲
2023 · 0.10
Debt to equity
6.25▲
2023 · 6.04
ROE
-6.8%▼
2023 · 0.1%
ROA
-0.9%▼
2023 · 0.0%
Interest coverage
8.68▲
2023 · 6.85
Debt ≤ 1 year
€134k▲
2023 · €105k
Debt > 1 year
€249k▼
2023 · €308k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€490k€451k▼
Fixed assets21/28€470k€425k▼
Tangible fixed assets22/27€470k€425k▼
Plant, machinery and equipment23€119k€114k▼
Furniture and vehicles24€351k€312k▼
Current assets29/58€20k€26k▲
Stocks and contracts in progress3€9k€10k▲
Stocks30/36€9k€10k▲
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€6k€14k▲
Equity and liabilities
Total equity and liabilities10/49€490k€451k▼
Equity10/15€68k€61k▼
Contributions10/11€19k€19k=
Reserves13€28k€23k▼
Tax-exempt reserves132€26k€21k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€3k€3k▲
Investment grants15€19k€16k▼
Provisions and deferred taxes16€9k€7k▼
Deferred taxes168€9k€7k▼
Amounts payable17/49€413k€383k▼
Amounts payable after more than one year17€308k€249k▼
Financial debts170/4€308k€249k▼
Amounts payable within one year42/48€105k€134k▲
Current portion of amounts payable after more than one year42€80k€70k▼
Trade debts44€24k€61k▲
Suppliers440/4€24k€61k▲
Taxes, remuneration and social security45€266€2k▲
Taxes450/3€266€2k▲
Other amounts payable47/48€112€596▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€72k▲
Other operating charges640/8€448€614▲
Gross operating margin9900€64k€73k▲
Operating profit (loss)9901€-2k€-346▲
Financial income75/76B€6k€3k▼
Recurring financial income75€6k€3k▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€-6k€-6k▲
Transfer from deferred taxes780€6k€1k▼
Profit (loss) for the period9904€36€-4k▼
Transfer from tax-exempt reserves789-€5k
Profit (loss) for the period to be appropriated9905€36€427▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€3k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €54k | €48k | €66k | €72k | ▲ 10.3% |
| Other operating charges640/8 | - | €590 | €570 | €448 | €614 | ▲ 37.0% |
| Gross operating margin9900 | €44k | €53k | €77k | €64k | €73k | ▲ 14.2% |
| Operating profit (loss)9901 | €31 | €-831 | €28k | €-2k | €-346 | ▲ 85.8% |
| Financial income75/76B | - | €391 | €3k | €6k | €3k | ▼ 46.5% |
| Recurring financial income75 | €391 | €391 | €3k | €6k | €3k | ▼ 46.5% |
| Financial charges65/66B | - | €2k | €4k | €9k | €8k | ▼ 9.9% |
| Recurring financial charges65 | €2k | €2k | €4k | €9k | €8k | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €-2k | €-3k | €27k | €-6k | €-6k | ▲ 6.5% |
| Transfer from deferred taxes780 | - | €681 | €6k | €6k | €1k | ▼ 75.3% |
| Transfer to deferred taxes680 | - | - | €33k | - | - | - |
| Profit (loss) for the period9904 | €-1k | €-2k | €161 | €36 | €-4k | ▼ 11,747% |
| Transfer from tax-exempt reserves789 | - | €2k | - | - | €5k | - |
| Profit (loss) for the period to be appropriated9905 | €768 | €38 | €161 | €36 | €427 | ▲ 1,100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191k | €375k | €533k | €490k | €451k | ▼ 7.9% |
| Fixed assets21/28 | €186k | €267k | €452k | €470k | €425k | ▼ 9.5% |
| Tangible fixed assets22/27 | €186k | €267k | €452k | €470k | €425k | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €158k | €140k | €119k | €114k | ▼ 4.2% |
| Furniture and vehicles24 | - | €109k | €311k | €351k | €312k | ▼ 11.2% |
| Current assets29/58 | €5k | €108k | €81k | €20k | €26k | ▲ 29.8% |
| Stocks and contracts in progress3 | €1k | €7k | €9k | €9k | €10k | ▲ 10.5% |
| Stocks30/36 | - | €7k | €9k | €9k | €10k | ▲ 10.5% |
| Amounts receivable within one year40/41 | €146 | €94k | €10k | €5k | €2k | ▼ 58.7% |
| Trade receivables40 | - | €92k | €10k | €5k | €2k | ▼ 58.7% |
| Other amounts receivable41 | - | €1k | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €3k | €7k | €62k | €6k | €14k | ▲ 140% |
| Deferred charges and accrued income490/1 | - | €494 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191k | €375k | €533k | €490k | €451k | ▼ 7.9% |
| Equity10/15 | €38k | €35k | €65k | €68k | €61k | ▼ 10.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €15k | €12k | €32k | €28k | €23k | ▼ 16.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €11k | €31k | €26k | €21k | ▼ 17.6% |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €3k | €3k | €3k | €3k | €3k | ▲ 14.2% |
| Investment grants15 | - | €1k | €12k | €19k | €16k | ▼ 15.9% |
| Provisions and deferred taxes16 | €4k | €3k | €10k | €9k | €7k | ▼ 17.5% |
| Deferred taxes168 | - | €3k | €10k | €9k | €7k | ▼ 17.5% |
| Amounts payable17/49 | €149k | €336k | €457k | €413k | €383k | ▼ 7.3% |
| Amounts payable after more than one year17 | €74k | €158k | €318k | €308k | €249k | ▼ 19.1% |
| Financial debts170/4 | - | €158k | €318k | €308k | €249k | ▼ 19.1% |
| Amounts payable within one year42/48 | €75k | €178k | €139k | €105k | €134k | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | - | €49k | €120k | €80k | €70k | ▼ 13.5% |
| Trade debts44 | €40k | €115k | €12k | €24k | €61k | ▲ 155% |
| Suppliers440/4 | - | €115k | €12k | €24k | €61k | ▲ 155% |
| Taxes, remuneration and social security45 | - | - | €6k | €266 | €2k | ▲ 756% |
| Taxes450/3 | - | - | €6k | €266 | €2k | ▲ 756% |
| Other amounts payable47/48 | - | €14k | €112 | €112 | €596 | ▲ 434% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-2k | €161 | €36 | €-4k | ▼ 11,747% |
| + Depreciation and write-downs630 | €43k | €54k | €48k | €66k | €72k | ▲ 10.3% |
| Operating cash flow (approximation) | €42k | €51k | €49k | €66k | €68k | ▲ 4.0% |
| Investment in fixed assets (approximation) | - | €-134k | €-234k | €-84k | €-28k | ▲ 66.6% |
| Change in cash | - | €3k | €55k | €-56k | €8k | ▲ 114% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €161
Net result €161 after 4 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Crisnée · 1 establishment unit since 1998
Ground area
3,419 m²
Building footprint
268 m²
Volume, LiDAR
1,971 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue François Gilon 7, 4367 Crisnée
since 19982.088.416.235
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64021A0455/00C000 | Wallonia | 1,908 m² | 1 · 134 m² | 9.1 m · 3 fl. |
| 64021A0317/00D000 | Wallonia | 1,511 m² | 1 · 135 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SAGR PHILIPPE DELAERE
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,004 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded07-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
46610Wholesale trade
81300Landscape service activities
95290Repair and maintenance of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.