Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DOREL BELGIUM is 0.5% (low). The 2020 annual accounts show equity of €4.77M and a net result of €4.18M. Equity is growing by ~3% per year across the filed fiscal years. The company has been active since 1945 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Trust signals
3 signalsLong-established
Founded in 1945, 80 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Low
0%0,5%1,5%4%10%≥25%
Long track record
−Annual accounts: weaker financial profile
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€13.56M-19.6%
EBIT margin1.1%-3.9pp
Net result€4.18M-2.5%
Working capital€4.73M-2.8%
Annual accounts & ratios
Source: NBB · 2020Annual accounts filed on 25-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3%/year over 3 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).
€13.56M
-19.6%
18-20
€863k
-
18-20
€4.18M
-2.5%
18-20
€3.90M
-
18-20
€5.78M
+5.0%
18-20
€4.77M
-2.2%
18-20
€4.73M
-2.8%
18-20
4
-26.0%
18-20
€10k
-94.0%
18-20
€1.01M
+60.5%
18-20
€1.01M
+60.5%
18-20
5.70
-34.9%
18-20
5.70
-34.9%
18-20
82.5%
-6.8%
18-20
87.7%
-0.3%
18-20
72.4%
-7.1%
18-20
30.8%
+21.3%
18-20
5.0%
-
18-20
Figures by fiscal year
| Fiscal year | 2020 |
|---|---|
| Revenue | €13.56M |
| EBITDA | - |
| Net profit | €4.18M |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €5.78M |
| Equity | €4.77M |
| Debt | €1.01M |
| of which ≤ 1y | €1.01M |
| of which > 1y | - |
| Working capital | €4.73M |
| Employees (FTE) | 3.7 |
Ratios (computed)
| 2020 | |
|---|---|
| Current ratio | 5.70 |
| Quick ratio | 5.70 |
| Working capital ratio | 82.0% |
| Solvency | 82.5% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 30.8% |
| ROA | 72.4% |
| ROE | 87.7% |
| EBITDA margin | - |
| Days sales outstanding | 147d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.78M |
| Fixed assets | 21/28 | €34k |
| Financial fixed assets | 28 | €34k |
| Current assets | 29/58 | €5.74M |
| Amounts receivable within one year | 40/41 | €5.46M |
| Cash & bank | 54/58 | €11k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.78M |
| Equity | 10/15 | €4.77M |
| Contributions / capital | 10/11 | €521k |
| Reserves | 13 | €68k |
| Accumulated profits (losses) | 14 | €4.18M |
| Amounts payable | 17/49 | €1.01M |
| Amounts payable within one year | 42/48 | €1.01M |
| Trade debts payable within one year | 44 | €735k |
| Income statement | ||
| Turnover | 70 | €13.56M |
| Operating result | 9901 | €145k |
| Financial charges | 65 | €240k |
| Result before taxes | 9903 | €-96k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €-105k |
| Result to be appropriated | 9905 | €-105k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2020 · computed72
/ 100
Healthy
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
12 directorsCurrent directors & mandates
-
Current29-01-2022 → present
Historic, not recently confirmed (3)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2020
-
Not recently confirmedlast confirmed in an act from 2019
-
Not recently confirmedlast confirmed in an act from 2010
Former directors (8)
-
Former02-03-2020 → 29-01-2022
2 events
- 29-01-2022 Resigned· Director
- 02-03-2020 Appointed· Director
-
Former30-06-2014 → 02-03-2020
3 events
- 02-03-2020 Resigned· Director
- 22-02-2019 Appointed· Director
- 30-06-2014 Appointed· Managing director
-
Former- → 01-03-2020
-
Former01-07-2014 → 24-05-2019
2 events
- 24-05-2019 Resigned· Director
- 01-07-2014 Appointed· Director
-
Former- → 24-05-2019
-
Former- → 22-02-2019
-
Former31-05-2010 → 30-06-2014
2 events
- 30-06-2014 Resigned· Director
- 31-05-2010 Appointed· Managing director
-
Former- → 30-06-2014
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Dominic Rouselle |
- | 22-02-2019 → present |
| Klynveld Peat Marwick Goerdeler Réviseurs d' Entreprises Statutory auditor · represented by Dominic Rouselle succeeded by KPMG Réviseurs d'Entreprises in 2019 |
- | 01-07-2014 → 22-02-2019 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in andere consumentenartikelen, neg(46499) |
| Legal form | Public limited company(014) |
| Incorporation | 28-12-1945 |
| Status | Active |
| Postal code | 2600 |
Structure & network
Connections & network
12 connected companiesGroup structure
Parent · 419 subsidiaries · 7 locations
Control→
Network connections
Shared address
→
Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationFilip Williotstraat 9, 2600 Antwerpen
since 19452.005.407.001
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint3,657 m²
Volume (LiDAR)35,325 m³
Tallest building20.3 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0271/00V000 | Flanders | 1.2 ha | 1 · 3,657 m² | 20.3 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
15 acts Address history · 1
01-04-2021
v3.2
All acts · 15
updated 4 months ago
2026
10-04-2026 Act object · General meeting · Officer reappointment · Power of attorney
- Publication: 2026-04-10 · Dorel Belgium
- Filing: 2026-03-31 · Dorel Belgium
- Act object: herbenoeming bestuurders · Dorel Belgium
- General meeting: 2026-02-26 · Dorel Belgium
- Officer reappointment: end_date: 2032-03-01, start_date: 2026-03-02, term_years: 6 · Diogo PEREIRA DOS SANTOS FERREIRA PIRES
- Officer reappointment: end_date: 2032-03-01, start_date: 2026-03-02, term_years: 6 · Raul SEPULVEDA GONZALEZ
- Power of attorney: mode: elk alleen handelend en met de mogelijkheid tot indeplaatsstelling, scope: publiceren in de bijlagen bij het Belgisch Staatsblad, administratieve formaliteiten, vertegenwoordiging bij Kruispuntbank van Ondernemingen, ondernemingsloket, griffie van de Ondernemingsrechtbank · Birgitta Van Itterbeek
- Power of attorney: mode: elk alleen handelend en met de mogelijkheid tot indeplaatsstelling, scope: publiceren in de bijlagen bij het Belgisch Staatsblad, administratieve formaliteiten, vertegenwoordiging bij Kruispuntbank van Ondernemingen, ondernemingsloket, griffie van de Ondernemingsrechtbank · Annick Sleeckx
Summary:
Act object · General meeting · Officer reappointment · Power of attorney
2024
30-09-2024 Finvision Bedrijfsrevisoren Waregem appointed as statutory auditor
25-03-2024 Change in the board of directors
Summary:
v3.2
2022
23-03-2022 1 director appointed, 1 resigning
2021
01-04-2021 Registered office moved from Brussel to Antwerpen
- Atomiumsquare 1, 1020 Brussel → Filip Williotstraat 9, 2600 Antwerpen
Summary:
v3.2
05-02-2021 Dominic Rouselle reappointed as statutory auditor
2020
01-07-2020 2 directors appointed, 2 resigning
- Wilhelmina Maria Boot, Bestuurder
- Raúl Alberto Sepúlveda González, Bestuurder
- Bas van de Putte, Bestuurder
- Ingmar van den Berg, Bestuurder
Summary:
v3.2
2019
19-06-2019 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Birgitta Van Itterbeek · Bruxelles
07-06-2019 2 resigning
08-04-2019 2 directors appointed, 1 resigning, 1 reappointed
- Ingmar van den Berg, Bestuurder
- Bas van der Putten, Bestuurder
- Charles de Kervénoaël, Bestuurder
- Dominic Rousselle, Commissaris
Summary:
v3.2
2017
04-04-2017 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Birgitta Van Itterbeek · Bruxelles
2015
29-07-2015 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Dimitri CLEENEWERCK de CRAYENCOUR · Bruxelles
13-07-2015 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Maret H · Bruxelles
2014
03-10-2014 3 directors appointed, 2 resigning
- Michael Neumann, Bestuurder
- Dominic Rouselle, Commissaris
- Ingmar Van Den Berg, Gedelegeerd bestuurder
- Christophe Sabathé, Bestuurder
- Marcel Van Delden, Gedelegeerd bestuurder
Summary:
v3.2
2010
31-05-2010 1 director appointed, 1 reappointed
- Christophe Sabathé, Gedelegeerd bestuurder
- Jean-Claude Jacomin, Bestuurder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes85
/ 100
Exceptional profile, strong across almost every axis.
Health
72
Profitability
100
Solvency
100
Growth
52
Stability
100
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Company registry (CBE)
Crossroads BankActivities
Groothandel in andere consumentenartikelen, n.e.g.46499Groothandel in andere consumentenartikelen, neg46499Overige groothandel in consumentenartikelen, n.e.g.51478
Primary activity highlighted.
Names & trade names
| Legal nameNL | DOREL BELGIUM |
Registered office
Filip Williotstraat 9
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.