Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DERVARO from Waregem, company number BE0435845843, closed financial year 2025 with a result of € 126,521 after tax. For that financial year DERVARO recorded a gross margin of € 252,185 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 219,705 to € 126,521. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 1.4 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,521
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 99,227
▲ 119% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7,500 paid out
6 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 235,789
▲ 195% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 639,084
▼ 12% vs 2024
€ 100,780 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 8,906
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,402
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 465,381 | € 259,921 | € 335,260 | € 252,185 | ▼ 25% |
| Profit after taxes | € 218,978 | € 174,639 | € 219,705 | € 126,521 | ▼ 42% |
| Equity | € 1,148,003 | € 1,062,642 | € 1,274,847 | € 1,393,869 | ▲ 9% |
| Total debts | € 1,035,959 | € 1,322,733 | € 1,139,259 | € 1,122,224 | ▼ 1% |
| Cash | € 112,718 | € 76,815 | € 45,397 | € 99,227 | ▲ 119% |
| Land & buildings | € 1,915,503 | € 1,937,889 | € 1,823,760 | € 1,732,771 | ▼ 5% |
| Retained profit | € 629,403 | € 544,042 | € 756,247 | € 875,269 | ▲ 16% |
| Dividend | € 96,000 | € 260,000 | € 7,500 | € 7,500 | |
| Bank debt | € 775,351 | € 734,184 | € 730,302 | € 639,084 | ▼ 12% |
| Balance sheet total | € 2,773,686 | € 2,973,574 | € 3,000,668 | € 3,100,899 | ▲ 3% |
Key figures of DERVARO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DERVARO?
What happened at DERVARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,521 (▼ 42% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 218,978 profit in 2022 to € 126,521 profit in 2025.
Paid € 159,871 in corporate taxes since 2022.
Best year ever: 2024, with € 219,705 profit.
Paid out € 371,000 in dividends to the owners in total.
Management
Behind DERVARO are Julie Van Der Cruyssen and Rony Van Der Cruyssen. It owns 25% of Cotitex itself.
Directors
According to the 2025 annual accounts
Julie Van Der Cruyssen
Director
Establishments
Establishment units
Physical locations of this company
Koekoekstraat 63 box 1
8793 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.845.843
- VAT number
- BE 0435.845.843
- Registered office
- Koekoekstraat 63 bus 1, 8793 Waregem
- Names & denominations
- DERVARO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 1988
- Peppol
- Active · Active since 7 Jun 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Groothandel in textiel
Groothandel in huishoudtextiel en beddengoed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis