ACTIVE

DERES

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Financial year 2025 · closed on 31/12/2025

Net result

-32,4 k €

-260.4% YoY

Gross margin

149,8 k €

-23.5% YoY

Equity

937,2 k €

-3.3% YoY

Workforce

1,4 ETP

+366.7% YoY

What does DERES do?

DERES is a Private limited company incorporated in 2005. Its registered office is in Middelkerke. It employs on average 1,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.186.179

Incorporation

14/04/2005

Legal form

Private limited company

Registered office

Fleriskotstraat 19
8431 Middelkerke · FlandreSee on map

Contributed capital

800 000,00 €

Latest accounts

31/12/2025

Average workforce

1,4 ETP

Joint committees (5)

100
200
218
323
3230

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	149,8 k €	-23.5%	195,7 k €	+13.6%	172,3 k €	+41.3%	122 k €	-16.4%	145,9 k €	-28.0%	202,5 k €	-14.2%	235,9 k €	+53.1%	154,1 k €	-10.6%	172,4 k €	+4.4%	165,1 k €	-7.5%	178,4 k €	-0.3%	178,9 k €	-13.2%	206,2 k €	+16.1%	177,6 k €	-7.3%	191,6 k €	-11.5%	216,5 k €	-2.0%	221 k €	+169%	82,3 k €	-35.7%	128 k €
EBITDA	80,3 k €	-52.7%	169,8 k €	+17.6%	144,4 k €	+45.3%	99,4 k €	-19.2%	122,9 k €	-36.4%	193,2 k €	-15.0%	227,2 k €	+61.7%	140,5 k €	-0.7%	141,5 k €	+9.6%	129,1 k €	+2.4%	126 k €	+1.1%	124,6 k €	-20.0%	155,8 k €	+19.6%	130,2 k €	-11.5%	147,2 k €	-5.3%	155,4 k €	-10.7%	174 k €	+124%	77,7 k €	+518%	12,6 k €
Operating result	26,9 k €	-75.3%	108,8 k €	+35.9%	80,1 k €	+224%	24,7 k €	-51.4%	51 k €	-55.7%	115 k €	+10.4%	104,2 k €	+29.2%	80,6 k €	-5.5%	85,4 k €	+7.4%	79,5 k €	+4.0%	76,4 k €	+17.7%	65 k €	-31.8%	95,3 k €	+26.3%	75,5 k €	-23.0%	98 k €	-7.7%	106,2 k €	-17.9%	129,3 k €	+204%	42,6 k €	+177%	-55,3 k €
Net result	-32,4 k €	-260%	20,2 k €	+179%	7,3 k €	+133%	-21,9 k €	-1041%	2,3 k €	-93.5%	35,7 k €	+22.0%	29,2 k €	+94.9%	15 k €	-21.4%	19,1 k €	+64.4%	11,6 k €	+0.1%	11,6 k €	+151%	-22,8 k €	-419%	7,1 k €	+148%	-14,8 k €	-137%	40,3 k €	-28.5%	56,4 k €	-32.6%	83,7 k €	+2250%	-3,9 k €	+96.8%	-122,1 k €
Balance sheet
Equity	937,2 k €	-3.3%	969,7 k €	+2.1%	949,4 k €	+0.8%	942,2 k €	-2.3%	964,1 k €	+1.9%	946,1 k €	+3.9%	910,4 k €	+3.3%	881,2 k €	+1.7%	866,2 k €	+2.3%	847,1 k €	+1.4%	835,5 k €	+872%	85,9 k €	-20.9%	108,7 k €	+7.0%	101,6 k €	-91.7%	1,2 M €	+3.4%	1,2 M €	+5.0%	1,1 M €	+297%	286 k €	-1.3%	289,9 k €
Total assets	1,9 M €	-1.9%	1,9 M €	-2.5%	2 M €	-1.6%	2 M €	-1.0%	2 M €	-4.2%	2,1 M €	-1.9%	2,1 M €	+20.1%	1,8 M €	+1.8%	1,7 M €	-3.1%	1,8 M €	-7.3%	1,9 M €	-0.5%	2 M €	-4.6%	2,1 M €	+0.3%	2 M €	-1.5%	2,1 M €	-1.3%	2,1 M €	+2.3%	2,1 M €	+71.4%	1,2 M €	-0.3%	1,2 M €
Cash	14,5 k €	-6.2%	15,5 k €	-32.4%	22,9 k €	+15.3%	19,9 k €	-32.7%	29,5 k €	+96.5%	15 k €	-64.8%	42,7 k €	-43.7%	75,8 k €	+959%	7,2 k €	-89.8%	70 k €	-55.3%	156,5 k €	+28.3%	122 k €	-14.5%	142,7 k €	+8.7%	131,3 k €	-14.0%	152,7 k €	+18.0%	129,3 k €	+233%	38,8 k €	+228%	11,8 k €	+31.2%	9 k €
Debts	900 k €	+0.3%	897,2 k €	-8.2%	977,1 k €	-4.6%	1 M €	+0.1%	1 M €	-8.5%	1,1 M €	-6.2%	1,2 M €	+38.7%	859,1 k €	-2.0%	876,2 k €	-4.1%	914,1 k €	-13.6%	1,1 M €	-41.6%	1,8 M €	-3.7%	1,9 M €	+0.6%	1,9 M €	+128%	822,3 k €	-7.6%	890 k €	-1.0%	899,3 k €	+1.0%	890,7 k €	+0.7%	884,3 k €
Other
Workforce	1,4 ETP	+367%	0,3 ETP	0.0%	0,3 ETP		–		–		–		–		–		–		1,0 ETP	-9.1%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	-35.3%	1,7 ETP	+41.7%	1,2 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

An De Ruytter

Director

Active

Erik De Ruytter

Director

Active

Kris De Ruytter

Director

Active

Ended mandates

Erik De Ruytter

Managing director · since 14 avril 2005 · until 24 juin 2011

Ended

Esmeralda Velle

Managing director · since 14 avril 2005 · until 24 juin 2011

Ended

An De Ruytter

Manager

Ended

Erik De Ruytter

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	29/08/2025	27/08/2024	30/09/2023	08/11/2022	31/12/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	27/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/09/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	08/11/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	31/12/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	31/10/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	10/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/03/2014	11/04/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	10/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/03/2008	07/04/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

An De Ruytter

Director

Active

Erik De Ruytter

Director

Active

Kris De Ruytter

Director

Active

Ended mandates

Erik De Ruytter

Managing director · since 14 avril 2005 · until 24 juin 2011

Ended

Esmeralda Velle

Managing director · since 14 avril 2005 · until 24 juin 2011

Ended

An De Ruytter

Manager

Ended

Erik De Ruytter

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/05/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares05/05/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/04/2008
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other11/10/2005
DIVERSEN
PDF
Capital / shares25/07/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other22/04/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-32,4 k €↓
2024
Annual accounts 202420,2 k €↑
2023
Annual accounts 20237,3 k €↑
2022
Annual accounts 2022-21,9 k €↓
2021
Annual accounts 20212,3 k €↓
2019
Annual accounts 201935,7 k €↑
2018
Annual accounts 201829,2 k €↑
2017
Annual accounts 201715 k €↓
2016
Annual accounts 201619,1 k €↑
2015
Annual accounts 201511,6 k €↑
2014
Annual accounts 201411,6 k €↑
2013
Annual accounts 2013-22,8 k €↓
2012
Annual accounts 20127,1 k €↑
2011
Annual accounts 2011-14,8 k €↓
2010
Annual accounts 201040,3 k €↓
2009
Annual accounts 200956,4 k €↓
2008
Annual accounts 200883,7 k €↑
2007
Annual accounts 2007-3,9 k €↑
2006
Annual accounts 2006-122,1 k €
14/04/2005
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DERES

Overview

What does DERES do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline