DUVEL MOORTGAT

Active

Public limited companyfounded 193195 yrs activeBreendonk-Dorp 58, 2870 Puurs-Sint-Amands, BelgiumKBO/BCE: BE 0400.764.903

Summary

DUVEL MOORTGAT has been active since 1931 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296.2m and a net result of €49.2m. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 103 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch Report Compare

DUVEL MOORTGATActiveChecked score 90/100

Risk analysis Report Compare

Activity

Manufacture of beer

NACE 11050NACE 15960

#1 company by equity in Belgium, Beverages sector3 sites

Size

€300.3mturnover 2025

Staff: 387.2 FTE
Equity: €296.2m
Profit: €49.2m

Financial health

90 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.2%

Structure

Parent: FIBEMI · 86.22%
Board: 15 members
Holdings: 63

Auditor: De Roover & Partners Bedrijfsrevisoren BVAccounts 1 d early

Why 90- Liquidity: current ratio 0.29, cash €3.8m, halved+ Size: turnover €300.3m, 387.2 FTE, total assets €746.6m, files consolidated accounts+ Founded in 1931+ Legal form Public limited companyShow the evidence

Checked score

Score 2025

90 / 100

Excellent

Probability in this band: under 0.55%

Better than 49% of its sector peers (all companies)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 65=

equity 39.7% of total assets

Liquidity 36-13

short-term debt 32.8% · cash 0.5%

Profitability 82+19

return on assets 6.6%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (7 companies)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▼ -3.9% vs 01-2025 03-2025: 0.2%▲ +1.1% vs 02-2025 04-2025: 0.2%▲ +2.3% vs 03-2025 05-2025: 0.2%▲ +5.6% vs 04-2025 06-2025: 0.2%▲ +3.2% vs 05-2025 07-2025: 0.3%▲ +31.1% vs 06-2025 08-2025: 0.5%▲ +97.7% vs 07-2025highest value 09-2025: 0.2%▼ -68.7% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.8% vs 01-2026lowest value 03-2026: 0.2%▲ +1.3% vs 02-2026 04-2026: 0.2%▲ +2.6% vs 03-2026 05-2026: 0.2%▲ +5.0% vs 04-2026 06-2026: 0.2%▲ +3.0% vs 05-2026 07-2026: 0.2%▲ +0.6% vs 06-2026 08-2026: 0.2%▼ -4.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026

Liquidity: current ratio 0.29, cash €3.8m, halved raises the probability
Size: turnover €300.3m, 387.2 FTE, total assets €746.6m, files consolidated accounts lowers the probability for this profile
Founded in 1931 lowers the probability for this profile
Legal form Public limited company lowers the probability

Credit up to €26,650,000 at 30 days acceptable

Liquidity short (current ratio 0.29 against 0.79 in 2024; short-term debt: 32.8% and cash: 0.5% of total assets), and 60.3% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 55%, liquidity 37%, profitability 88%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 0.29, cash €3.8m, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: turnover €300.3m, 387.2 FTE, total assets €746.6m, files consolidated accounts

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 1931

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Legal form Public limited company

In the bankruptcy model this factor lowers the probability.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

1 d early

2024

1 d late

2023

2 d early

2022

on the day

2021

2 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

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

02-09-26 RestructuringMerger · Net-asset statement
30-07-26 Annual accounts filedfiscal year 2025 · consolidated
30-07-26 Annual accounts filedfiscal year 2025 · full…

Key points

Positive: Company by equity in Belgium, Beverages sectorin the Checked rankings #1 View
Controlled by FIBEMIitself parent of 21 companies 86.22% View
Positive: 8 profitable years in a rowprofit 2025: €49.2m 8 years View
Flemish supportawarded 2022 - 2025 €1.3m View
Active since 1931founded 12-03-1931 95 years View
A director leftlatest change 07-04-2026 · 15 in office 1 left View
Positive: Result rose in 2025from €38.8m to €49.2m ▲ 26.9% View