DERENNE Joël
ActiveDERENNE Joël has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €856k and a net result of €112k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 64% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-2
Solvency81▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.83 in 2024; short-term debt: 27.9% and cash: 34.2% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
55.7%
Return on assets
7.3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
8 d early
2023
30 d late
2022
7 d late
2021
76 d late
2020
166 d late
2019
112 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€112k▼ 20.9%
2024 · €142k
2018: €67k
2019: €23k
2020: €82k
2021: €105k
2022: €174k
2023: €93k
2024: €142k
2018 → 2025
Working capital
€580k▼ 13.6%
2024 · €671k
2018: €272k
2019: €256k
2020: €267k
2021: €351k
2022: €423k
2023: €547k
2024: €671k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€526k-€692k▲ 31.7%€785k▲ 13.5%€927k▲ 18.1%€856k▼ 7.7%
Operating result€143k-€235k▲ 63.6%€137k▼ 41.5%€185k▲ 35.0%€169k▼ 8.6%
Net result€105k-€174k▲ 65.9%€93k▼ 46.3%€142k▲ 52.3%€112k▼ 20.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€528k▼ 3.5%
Current assets
€1.01M▼ 3.0%
Equity and liabilities €1.54M
Equity
€856k▼ 7.7%
Provisions
€35k=
Debt
€644k▲ 3.5%
The debt ratio rises from 39.3% to 42.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€231k▼
2024 · €246k
Cash flow
€174k▼
2024 · €203k
Solvency
55.7%▼
2024 · 58.5%
Current ratio
2.35▼
2024 · 2.83
Quick ratio
1.80▼
2024 · 2.50
Debt / equity
0.75▲
2024 · 0.67
ROE
13.1%▼
2024 · 15.3%
ROA
7.3%▼
2024 · 9.0%
Interest coverage
17.81▼
2024 · 20.29
Debt
€644k▲
2024 · €623k
Debt ≤ 1 year
€428k▲
2024 · €367k
Debt > 1 year
€216k▼
2024 · €255k
Income taxes
€47k▼
2024 · €59k
Staff costs
€452k▲
2024 · €442k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.54M▼
Fixed assets21/28€547k€528k▼
Tangible fixed assets22/27€546k€527k▼
Land and buildings22€142k€133k▼
Plant, machinery and equipment23€26k€34k▲
Furniture and vehicles24€77k€74k▼
Leasing and similar rights25€300k€279k▼
Other tangible fixed assets26€1k€7k▲
Financial fixed assets28€353€353=
Current assets29/58€1.04M€1.01M▼
Stocks and contracts in progress3€120k€237k▲
Stocks30/36€120k€237k▲
Amounts receivable within one year40/41€306k€231k▼
Trade receivables40€281k€197k▼
Other amounts receivable41€25k€35k▲
Cash at bank and in hand54/58€600k€525k▼
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.54M▼
Equity10/15€927k€856k▼
Contributions10/11€19k€19k=
Reserves13€394k€290k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€375k€271k▼
Profit (loss) carried forward14€515k€547k▲
Provisions and deferred taxes16€35k€35k=
Provisions for liabilities and charges160/5€35k€35k=
Major repairs and maintenance162€35k€35k=
Amounts payable17/49€623k€644k▲
Amounts payable after more than one year17€255k€216k▼
Financial debts170/4€255k€216k▼
Amounts payable within one year42/48€367k€428k▲
Current portion of amounts payable after more than one year42€33k€35k▲
Trade debts44€243k€265k▲
Suppliers440/4€243k€265k▲
Taxes, remuneration and social security45€85k€116k▲
Taxes450/3€68k€88k▲
Remuneration and social security454/9€17k€28k▲
Other amounts payable47/48€6k€12k▲
Accrued charges and deferred income492/3€531€543▲
Income statement
Code20242025
Remuneration, social security and pensions62€442k€452k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€62k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€691k€697k▲
Operating profit (loss)9901€185k€169k▼
Financial income75/76B€27k€3k▼
Recurring financial income75€27k€3k▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€200k€159k▼
Income taxes67/77€59k€47k▼
Profit (loss) for the period9904€142k€112k▼
Profit (loss) for the period to be appropriated9905€142k€112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€595k€627k▲
Profit (loss) brought forward from the previous period14P€453k€515k▲
Transfer from equity791/2-€184k
Transfer to equity691/2€80k€80k=
To other reserves6921€80k€80k=
Profit to be distributed694/7-€184k
Return on contributions (dividend)694-€184k
Social balance
Average headcount (FTE)90878.07.1▼
The notes to these accounts (14 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €174k ▲65.9%
Operating result €235k, net result €174k, both a record.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 166 days late
2021
31-12
Financial
Equity above €500kEq €526k ▲20.5%
4 profitable years in a row build equity to €526k.
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 112 days late
2019
31-12
Financial
Weakest financial yearnet €23k ▼65%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 81 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 2008
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 2296960 ManhayGround area
2,896 m²
Building footprint
274 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Boussines, Vaux-Chavanne 13, 6960 Manhay
since 20082.179.110.443
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83051A2253/00C000 | Wallonia | 2,300 m² | 1 · 164 m² | - |
| 83051A1071/02L000 | Wallonia | 596 m² | 1 · 109 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesDERENNE Joël SRL37870
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 4,776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0496493015