Checked.be
Active
BE 0450.837.588Private limited company
DERAY
Rue de Hal 110 ·1421 Braine-l'Alleud, Belgium· 33 yrs active
Sector: Joinery installation
(43320)
Conclusion
DERAY has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €22k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €141k |
| Net result | €22k |
| Better than sector | 90% |
| Active | 33 yrs |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
77
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 33 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 Flags
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
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€14k
estimate, not credit advice
Score history
63
2022
69
2023
40
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.04 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.04 (≥ 1.0)
+5
Leverage
Debt/equity 0.16 (< 1.0)
+10
Profitability
ROE 15% (≥ 10%)
+10
Interest coverage
Interest coverage 156.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.5%/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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.0% | 47.4% | |
| Net result | €22k | €10k | |
| Equity | €141k | €60k | |
| Gross operating margin | €35k | €39k | |
| Total assets | €164k | €141k |
€35k
+223.0%
22-25
€22k
-
22-25
€35k
+248.5%
22-25
€164k
+26.4%
22-25
€141k
+17.5%
22-25
€24k
-
22-25
€467
+6.8%
22-25
€23k
+135.5%
22-25
€23k
+135.5%
22-25
€8k
-
22-25
2.04
+288.0%
22-25
2.04
+288.0%
22-25
86.0%
-7.0%
22-25
0.16
+100.4%
22-25
15.3%
-
22-25
13.2%
-
22-25
156.10
+466.3%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €35k | €11k | €24k | €4k |
| Net profit | €22k | €-9k | €6k | €-16k |
| Cash flow | €35k | €10k | €22k | €874 |
| Staff costs | - | - | - | - |
| Income taxes | - | €467 | - | €437 |
| Dividends | - | - | - | - |
| Total assets | €164k | €130k | €158k | €174k |
| Equity | €141k | €120k | €129k | €123k |
| Debt | €23k | €10k | €29k | €51k |
| of which ≤ 1y | €23k | €10k | €29k | €42k |
| of which > 1y | - | - | - | €8k |
| Working capital | €24k | €-5k | €-8k | €1k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.04 | 0.53 | 0.74 | 1.03 |
| Quick ratio | 2.04 | 0.53 | 0.74 | 1.03 |
| Working capital ratio | 14.6% | -3.6% | -4.9% | 0.7% |
| Solvency | 86.0% | 92.5% | 81.4% | 70.8% |
| Debt / equity | 0.16 | 0.08 | 0.23 | 0.41 |
| Long-term debt ratio | - | - | - | 0.07 |
| Interest coverage | 156.10 | 27.57 | 19.83 | 1.59 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 13.2% | -6.8% | 3.5% | -9.1% |
| ROE | 15.3% | -7.3% | 4.3% | -12.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 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 | €164k | €130k | €158k | €174k |
| Fixed assets | 21/28 | €117k | €124k | €136k | €130k |
| Tangible fixed assets | 22/27 | €117k | €124k | €136k | €130k |
| Current assets | 29/58 | €47k | €5k | €22k | €43k |
| Amounts receivable within one year | 40/41 | €28k | €1k | €9k | - |
| Cash & bank | 54/58 | €19k | €4k | €13k | €33k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €164k | €130k | €158k | €174k |
| Equity | 10/15 | €141k | €120k | €129k | €123k |
| Contributions / capital | 10/11 | €18k | €19k | €19k | €19k |
| Reserves | 13 | €14k | €14k | €14k | €14k |
| Accumulated profits (losses) | 14 | €109k | €87k | €96k | €91k |
| Amounts payable | 17/49 | €23k | €10k | €29k | €51k |
| Amounts payable after one year | 17 | - | - | - | €8k |
| Amounts payable within one year | 42/48 | €23k | €10k | €29k | €42k |
| Trade debts payable within one year | 44 | €10k | €939 | €5k | €632 |
| Income statement | |||||
| Gross operating margin | 9900 | €35k | €13k | €24k | €4k |
| Operating result | 9901 | €22k | €-8k | €7k | €-13k |
| Financial charges | 65 | €226 | €396 | €1k | €2k |
| Result before taxes | 9903 | €22k | €-8k | €6k | €-15k |
| Income taxes | 67/77 | - | €467 | - | €437 |
| Net result for the period | 9904 | €22k | €-9k | €6k | €-16k |
| Result to be appropriated | 9905 | €22k | €-9k | €6k | €-16k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 01-09-1993 |
| Status | Active |
| Postal code | 1421 |
Establishment units
DERAY
since 19932.063.828.715
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078B0106/00L003 | Wallonia | 581 m² | 1 · 101 m² | 9.1 m · 2 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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.04
Current ratio from 0.53 to 2.04.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Other professional, scientific and technical activities74109Other specialised design activities7414093053Other personal services96999
Names & trade names
| Legal nameFR | DERAY |
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