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DRANACO

Active
Public limited companyfounded 1919107 yrs activeGodefriduskaai 28, 2000 Antwerpen, BelgiumKBO/BCE: BE 0404.635.203
Summary

DRANACO has been active since 1919 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.87M and a net result of €480k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 49% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability66▲+3
Solvency70▼-1
Growth66=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.4 in 2024; short-term debt: 53.3% and cash: 1.9% of total assets), and 55.4% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 107 years 0 110 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
44.6%
Return on assets
7.5%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
31 d early
2023
54 d late
2022
3 d early
2021
30 d late
2020
26 d late
2019
17 d late
← before the deadline after the deadline →
Checked, nothing found (2)
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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€12.07M▲ 2.0%
2024 · €11.83M
2018: €10.04M 2019: €9.91M▼ -1.3% vs 2018lowest in 8 years 2020: €13.70M▲ +38.3% vs 2019 2021: €15.04M▲ +9.8% vs 2020 2022: €17.62M▲ +17.2% vs 2021highest in 8 years 2023: €14.28M▼ -18.9% vs 2022 2024: €11.83M▼ -17.2% vs 2023 2025: €12.07M▲ +2.0% vs 2024
2018 → 2025
EBIT margin
4.8%▲ 1.6pp
2024 · 3.2%
2018: 1.7% 2019: 0.0%▼ -102% vs 2018lowest in 8 years 2020: 0.6%▲ +1688% vs 2019 2021: 2.1%▲ +278% vs 2020 2022: 5.7%▲ +171% vs 2021 2023: 6.0%▲ +6.1% vs 2022highest in 8 years 2024: 3.2%▼ -47.5% vs 2023 2025: 4.8%▲ +50.7% vs 2024
2018 → 2025
Net result
€480k▲ 34.6%
2024 · €356k
2018: €109k 2019: €-61k▼ -156% vs 2018lowest in 8 years 2020: €27k▲ +144% vs 2019 2021: €619k▲ +2182% vs 2020 2022: €968k▲ +56.4% vs 2021highest in 8 years 2023: €816k▼ -15.7% vs 2022 2024: €356k▼ -56.3% vs 2023 2025: €480k▲ +34.6% vs 2024
2018 → 2025
Working capital
€1.40M▲ 23.1%
2024 · €1.14M
2018: €-370k 2019: €-640k▼ -72.9% vs 2018 2020: €-721k▼ -12.7% vs 2019lowest in 8 years 2021: €-208k▲ +71.1% vs 2020 2022: €834k▲ +500% vs 2021 2023: €891k▲ +6.9% vs 2022 2024: €1.14M▲ +27.5% vs 2023 2025: €1.40M▲ +23.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€15.04M-€17.62M▲ 17.2%€14.28M▼ 18.9%€11.83M▼ 17.2%€12.07M▲ 2.0% 2021: €15.04M 2022: €17.62M▲ +17.2% vs 2021highest in 5 years 2023: €14.28M▼ -18.9% vs 2022 2024: €11.83M▼ -17.2% vs 2023lowest in 5 years 2025: €12.07M▲ +2.0% vs 2024
Equity€1.35M-€2.31M▲ 71.9%€2.43M▲ 5.0%€2.59M▲ 6.4%€2.87M▲ 10.8% 2021: €1.35Mlowest in 5 years 2022: €2.31M▲ +71.9% vs 2021 2023: €2.43M▲ +5.0% vs 2022 2024: €2.59M▲ +6.4% vs 2023 2025: €2.87M▲ +10.8% vs 2024highest in 5 years
Operating result€314k-€998k▲ 218%€859k▼ 14.0%€373k▼ 56.6%€574k▲ 53.7% 2021: €314klowest in 5 years 2022: €998k▲ +218% vs 2021highest in 5 years 2023: €859k▼ -14.0% vs 2022 2024: €373k▼ -56.6% vs 2023 2025: €574k▲ +53.7% vs 2024
Net result€619k-€968k▲ 56.4%€816k▼ 15.7%€356k▼ 56.3%€480k▲ 34.6% 2021: €619k 2022: €968k▲ +56.4% vs 2021highest in 5 years 2023: €816k▼ -15.7% vs 2022 2024: €356k▼ -56.3% vs 2023lowest in 5 years 2025: €480k▲ +34.6% vs 2024
Result per fiscal year
Operating resultNet result
€0€250k€500k€750k€1.00MOperating result 2021: €314k€314kNet result 2021: €619k€619kOperating result 2022: €998k€998kNet result 2022: €968k€968kOperating result 2023: €859k€859kNet result 2023: €816k€816kOperating result 2024: €373k€373kNet result 2024: €356k€356kOperating result 2025: €574k€574kNet result 2025: €480k€480k20212022202320242025€0€250k€500k€750kOperating result 2023: €859k€859kNet result 2023: €816k€816kOperating result 2024: €373k€373kNet result 2024: €356k€356kOperating result 2025: €574k€574kNet result 2025: €480k€480k202320242025
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.43M
Fixed assets €1.60M ▼ 2.7%
Current assets €4.83M ▲ 20.4%
Equity and liabilities €6.43M
Equity €2.87M ▲ 10.8%
Debt €3.56M ▲ 16.1%
Debt's share of the balance-sheet total rises from 54.3% to 55.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€668k▲
2024 · €473k
Cash flow
€574k▲
2024 · €457k
Current ratio
1.41▲
2024 · 1.40
Quick ratio
1.25▲
2024 · 1.24
Debt to equity
1.24▲
2024 · 1.19
ROE
16.7%▲
2024 · 13.8%
ROA
7.5%▲
2024 · 6.3%
Interest coverage
13.73▲
2024 · 9.38
Debt ≤ 1 year
€3.43M▲
2024 · €2.87M
Debt > 1 year
€134k▼
2024 · €195k
Income taxes
€98k▲
2024 · €60k
Staff costs
€193k▼
2024 · €216k
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 · 87 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.65M€6.43M▲
Fixed assets21/28€1.65M€1.60M▼
Intangible fixed assets21€97k€77k▼
Tangible fixed assets22/27€1.11M€1.08M▼
Land and buildings22€756k€756k=
Plant, machinery and equipment23€10k€2k▼
Furniture and vehicles24€103k€71k▼
Other tangible fixed assets26€238k€255k▲
Financial fixed assets28€441k€440k▼
Companies linked by participating interests282/3€438k€437k▼
Participating interests282€438k€437k▼
Other financial fixed assets284/8€3k€3k=
Shares284€174€174=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€4.01M€4.83M▲
Amounts receivable after more than one year29€500k€1.18M▲
Other amounts receivable291€500k€1.18M▲
Stocks and contracts in progress3€461k€527k▲
Stocks30/36€461k€527k▲
Goods purchased for resale34€461k€527k▲
Amounts receivable within one year40/41€2.46M€2.69M▲
Trade receivables40€2.24M€2.44M▲
Other amounts receivable41€218k€246k▲
Current investments50/53-€305k
Other investments51/53-€305k
Cash at bank and in hand54/58€572k€125k▼
Deferred charges and accrued income490/1€20k€8k▼
Equity and liabilities
Total equity and liabilities10/49€5.65M€6.43M▲
Equity10/15€2.59M€2.87M▲
Contributions10/11€347k€347k=
Capital10€347k€347k=
Issued capital100€347k€347k=
Reserves13€2.19M€2.48M▲
Non-distributable reserves130/1€122k€122k=
Legal reserve130€35k€35k=
Reserves not available under the articles1311€88k€88k=
Distributable reserves133€2.07M€2.36M▲
Profit (loss) carried forward14€51k€41k▼
Amounts payable17/49€3.07M€3.56M▲
Amounts payable after more than one year17€195k€134k▼
Financial debts170/4€195k€134k▼
Credit institutions173€195k€134k▼
Amounts payable within one year42/48€2.87M€3.43M▲
Current portion of amounts payable after more than one year42€61k€62k▲
Financial debts43€881k€1.17M▲
Credit institutions430/8-€334k
Other loans439€881k€839k▼
Trade debts44€1.56M€1.78M▲
Suppliers440/4€1.56M€1.78M▲
Taxes, remuneration and social security45€167k€216k▲
Taxes450/3€143k€188k▲
Remuneration and social security454/9€24k€27k▲
Other amounts payable47/48€200k€200k▼
Income statement Code20242025
Operating income70/76A€11.84M€12.08M▲
Turnover70€11.83M€12.07M▲
Other operating income74€11k€16k▲
Operating charges60/66A€11.46M€11.51M▲
Goods for resale, raw materials and consumables60€9.67M€9.81M▲
Purchases600/8€9.68M€9.87M▲
Change in stocks: decrease (increase)609€-18k€-66k▼
Services and other goods61€1.42M€1.40M▼
Remuneration, social security and pensions62€216k€193k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€94k▼
Other operating charges640/8€57k€14k▼
Operating profit (loss)9901€373k€574k▲
Financial income75/76B€101k€68k▼
Recurring financial income75€101k€68k▼
Income from financial fixed assets750€26k-
Income from current assets751€23k€21k▼
Other financial income752/9€52k€47k▼
Financial charges65/66B€58k€64k▲
Recurring financial charges65€58k€64k▲
Debt charges650€50k€49k▼
Other financial charges652/9€7k€15k▲
Profit (loss) for the period before taxes9903€416k€578k▲
Income taxes67/77€60k€98k▲
Taxes670/3€63k€98k▲
Tax adjustments and reversals of tax provisions77€3k-
Profit (loss) for the period9904€356k€480k▲
Profit (loss) for the period to be appropriated9905€356k€480k▲
Appropriation of the result
Profit (loss) to be appropriated9906€407k€531k▲
Profit (loss) brought forward from the previous period14P€50k€51k▲
Transfer to equity691/2€156k€290k▲
To other reserves6921€156k€290k▲
Profit to be distributed694/7€200k€200k=
Directors or managers695€200k€200k=
Social balance
Average headcount (FTE)90872.92.4▼

The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€15.04M€17.68M€14.33M€11.84M€12.08M▲ 2.1%
Turnover70€15.04M€17.62M€14.28M€11.83M€12.07M▲ 2.0%
Other operating income74€5k€19k€14k€11k€16k▲ 40.9%
Non-recurring operating income76A-€40k€34k---
Operating charges60/66A€14.73M€16.68M€13.47M€11.46M€11.51M▲ 0.4%
Goods for resale, raw materials and consumables60€12.69M€14.70M€11.61M€9.67M€9.81M▲ 1.5%
Purchases600/8€12.83M€14.73M€11.62M€9.68M€9.87M▲ 2.0%
Change in stocks: decrease (increase)609€-139k€-30k€-15k€-18k€-66k▼ 271%
Services and other goods61€1.75M€1.67M€1.49M€1.42M€1.40M▼ 1.8%
Remuneration, social security and pensions62€147k€162k€204k€216k€193k▼ 10.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€82k€126k€100k€94k▼ 5.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-43----
Other operating charges640/8€48k€64k€11k€57k€14k▼ 74.6%
Non-recurring operating charges66A--€34k---
Operating profit (loss)9901€314k€998k€859k€373k€574k▲ 53.7%
Financial income75/76B€414k€66k€41k€101k€68k▼ 32.2%
Recurring financial income75€414k€66k€41k€101k€68k▼ 32.2%
Income from financial fixed assets750---€26k--
Income from current assets751€388k€29k€19k€23k€21k▼ 8.2%
Other financial income752/9€26k€38k€22k€52k€47k▼ 8.7%
Financial charges65/66B€109k€97k€69k€58k€64k▲ 11.2%
Recurring financial charges65€109k€97k€69k€58k€64k▲ 11.2%
Debt charges650€104k€84k€65k€50k€49k▼ 3.5%
Other financial charges652/9€6k€13k€4k€7k€15k▲ 116%
Profit (loss) for the period before taxes9903€619k€968k€831k€416k€578k▲ 38.8%
Income taxes67/77--€14k€60k€98k▲ 63.8%
Taxes670/3--€14k€63k€98k▲ 55.8%
Tax adjustments and reversals of tax provisions77---€3k--
Profit (loss) for the period9904€619k€968k€816k€356k€480k▲ 34.6%
Profit (loss) for the period to be appropriated9905€619k€968k€816k€356k€480k▲ 34.6%
Line20212022202320242025Change
Assets
Total assets20/58€7.23M€6.60M€6.32M€5.65M€6.43M▲ 13.7%
Fixed assets21/28€1.63M€1.54M€1.70M€1.65M€1.60M▼ 2.7%
Intangible fixed assets21€155k€130k€106k€97k€77k▼ 20.7%
Tangible fixed assets22/27€1.14M€1.08M€1.18M€1.11M€1.08M▼ 2.1%
Land and buildings22€756k€756k€756k€756k€756k=
Plant, machinery and equipment23€64k€41k€19k€10k€2k▼ 79.4%
Furniture and vehicles24€68k€30k€130k€103k€71k▼ 31.3%
Other tangible fixed assets26€37k€31k€270k€238k€255k▲ 7.1%
Assets under construction and advance payments27€216k€216k----
Financial fixed assets28€330k€337k€419k€441k€440k▼ 0.2%
Companies linked by participating interests282/3€279k€327k€417k€438k€437k▼ 0.2%
Participating interests282€279k€327k€417k€438k€437k▼ 0.2%
Other financial fixed assets284/8€51k€10k€3k€3k€3k=
Shares284€174€174€174€174€174=
Amounts receivable and cash guarantees285/8€51k€10k€2k€2k€2k=
Current assets29/58€5.61M€5.06M€4.62M€4.01M€4.83M▲ 20.4%
Amounts receivable after more than one year29--€500k€500k€1.18M▲ 135%
Other amounts receivable291--€500k€500k€1.18M▲ 135%
Stocks and contracts in progress3€399k€429k€443k€461k€527k▲ 14.3%
Stocks30/36€399k€429k€443k€461k€527k▲ 14.3%
Goods purchased for resale34€399k€429k€443k€461k€527k▲ 14.3%
Amounts receivable within one year40/41€5.11M€4.48M€2.77M€2.46M€2.69M▲ 9.4%
Trade receivables40€3.22M€3.86M€2.56M€2.24M€2.44M▲ 9.0%
Other amounts receivable41€1.90M€617k€214k€218k€246k▲ 12.7%
Current investments50/53----€305k-
Other investments51/53----€305k-
Cash at bank and in hand54/58€51k€151k€894k€572k€125k▼ 78.1%
Deferred charges and accrued income490/1€44k€263€4k€20k€8k▼ 59.9%
Equity and liabilities
Total equity and liabilities10/49€7.23M€6.60M€6.32M€5.65M€6.43M▲ 13.7%
Equity10/15€1.35M€2.31M€2.43M€2.59M€2.87M▲ 10.8%
Contributions10/11€347k€347k€347k€347k€347k=
Capital10€347k€347k€347k€347k€347k=
Issued capital100€347k€347k€347k€347k€347k=
Reserves13€961k€1.90M€2.03M€2.19M€2.48M▲ 13.2%
Non-distributable reserves130/1€122k€122k€122k€122k€122k=
Legal reserve130€35k€35k€35k€35k€35k=
Reserves not available under the articles1311€88k€88k€88k€88k€88k=
Distributable reserves133€839k€1.78M€1.91M€2.07M€2.36M▲ 14.0%
Profit (loss) carried forward14€38k€62k€50k€51k€41k▼ 19.5%
Amounts payable17/49€5.89M€4.29M€3.89M€3.07M€3.56M▲ 16.1%
Amounts payable after more than one year17€69k€60k€119k€195k€134k▼ 31.5%
Financial debts170/4€9k-€59k€195k€134k▼ 31.5%
Credit institutions173€9k-€59k€195k€134k▼ 31.5%
Other amounts payable178/9€60k€60k€60k---
Amounts payable within one year42/48€5.82M€4.22M€3.72M€2.87M€3.43M▲ 19.3%
Current portion of amounts payable after more than one year42€55k€9k€17k€61k€62k▲ 1.2%
Financial debts43€2.96M€1.89M€1.12M€881k€1.17M▲ 33.1%
Credit institutions430/8€1.77M€728k--€334k-
Other loans439€1.19M€1.16M€1.12M€881k€839k▼ 4.8%
Trade debts44€2.58M€2.12M€1.72M€1.56M€1.78M▲ 13.7%
Suppliers440/4€2.58M€2.12M€1.72M€1.56M€1.78M▲ 13.7%
Taxes, remuneration and social security45€219k€207k€165k€167k€216k▲ 29.0%
Taxes450/3€201k€186k€134k€143k€188k▲ 31.5%
Remuneration and social security454/9€18k€20k€30k€24k€27k▲ 13.6%
Other amounts payable47/48--€700k€200k€200k▼ 0.1%
Accrued charges and deferred income492/3€4k€3k€43k---
Line20212022202320242025Change
Profit (loss) for the period9904€619k€968k€816k€356k€480k▲ 34.6%
+ Depreciation and write-downs630€78k€82k€126k€100k€94k▼ 5.6%
Operating cash flow (approximation)€697k€1.05M€943k€457k€574k▲ 25.8%
Investment in fixed assets (approximation)-€3k€-285k€-44k€-50k▼ 12.8%
Change in cash-€99k€743k€-322k€-447k▼ 38.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
23-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €968k ▲56.4%
Operating result €998k, net result €968k, both a record.
31-12
Financial Equity above €2MEq €2.31M ▲71.9%
3 profitable years in a row build equity to €2.31M.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial Equity above €1MEq €1.35M ▲85.1%
2 profitable years in a row build equity to €1.35M.
26-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial Back to profitnet €27k
Net result €27k after one loss-making year.
17-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
31-12
Financial Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
Show earlier events
08-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
10-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts

We know of 15 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
15 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, Antwerpen · 2 establishment units since 1969
seat establishment All 2 establishment units on the map
Ground area
2,769 m²
Building footprint
1,357 m²
Volume, LiDAR
22,487 m³
2 parcels, Flanders · tallest building 25.5 m, ±7 floors. Linked by address, not a title deed.
28 companies at this address See who is registered here
2 establishment units
Godefriduskaai 28, 2000 Antwerpen
NACE 45242
since 19692.102.029.095
Dranaco NV - site Antwerp
Carrettestraat 31, 2170 AntwerpenTelecommunications
since 19692.102.029.194
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11802B0064/00E002
ProtectedMonument · Townscape or village viewBouwblok met pakhuizenSource ↗
Flanders 2,424 m² 1 · 1,357 m² 25.5 m · 7 fl.
11422C0587/00M000 Flanders 345 m² - -
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 236 EUR awarded · 236 EUR paid
Year Entries awardedpaid
2024 1 199 EUR236 EUR
2023 1 37 EUR0 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
2 entries · 236 EUR · 236 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded17-05-1919
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)

Scores and ratios are computed by Checked and are not a credit decision.