D.C.V.E. Solutions
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 31-12-2025 PDF all 13 filings
Turnover
≈ €110,000
Estimated: probably between €64,000 and €190,000
Total assets
€97,996▲ 197%
2023 · €33,033
Net result
€15,729
2023 · -€8,670
Working capital
-€119,103▼ 9.2%
2023 · -€109,064
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€18,820
2024
20182024
Net result
€15,729
2024
middle half of the sector
20182024
Equity
-€87,510
▲ 14.7%
2024
lowest quarter of the sector
20182024
Total assets
€97,996
▲ 197%
2024
middle half of the sector
20182024
Debt
€185,506
▲ 36.8%
2024
20182024
Working capital
-€119,103
▼ 9.2%
2024
lowest quarter of the sector
20182024
Solvency
-89.3%
▲ 221.2pp
2024
lowest quarter of the sector
20182024
Current ratio
0.33
▲ 0.14
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
16.1%
▲ 42.3pp
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€17,647-€4,269-€23,143-€32,227▼ 39.2%€19,707-€5,582€18,820
Net result-€22,843--€834▲ 96.3%-€23,569below the sector's middle half▼ 2,726%-€32,565below the sector's middle half▼ 38.2%€18,938within the sector's middle half-€8,670below the sector's middle half€15,729within the sector's middle half
Equity-€55,851--€56,685▼ 1.5%-€80,254below the sector's middle half▼ 41.6%-€112,819below the sector's middle half▼ 40.6%-€93,881below the sector's middle half▲ 16.8%-€102,551below the sector's middle half▼ 9.2%-€87,510below the sector's middle half▲ 14.7%
Total assets€75,080-€69,974▼ 6.8%€15,041below the sector's middle half▼ 78.5%€21,452below the sector's middle half▲ 42.6%€51,519within the sector's middle half▲ 140%€33,033below the sector's middle half▼ 35.9%€97,996within the sector's middle half▲ 197%
Debt€130,931-€126,659▼ 3.3%€95,296▼ 24.8%€134,271▲ 40.9%€145,400▲ 8.3%€135,584▼ 6.8%€185,506▲ 36.8%
Working capital-€118,196--€110,678▲ 6.4%-€81,228below the sector's middle half▲ 26.6%-€118,531below the sector's middle half▼ 45.9%-€98,152below the sector's middle half▲ 17.2%-€109,064below the sector's middle half▼ 11.1%-€119,103below the sector's middle half▼ 9.2%
Solvency-74.4%--81.0%▼ 6.6pp-533.6%below the sector's middle half▼ 452.6pp-525.9%below the sector's middle half▲ 7.7pp-182.2%below the sector's middle half▲ 343.7pp-310.5%below the sector's middle half▼ 128.2pp-89.3%below the sector's middle half▲ 221.2pp
Current ratio0.07-0.06=0.06below the sector's middle half=0.12below the sector's middle half▲ 0.050.32below the sector's middle half▲ 0.210.20below the sector's middle half▼ 0.130.33below the sector's middle half▲ 0.14
Return on assets (ROA)-30.4%--1.2%▲ 29.2pp-156.7%below the sector's middle half▼ 155.5pp-151.8%below the sector's middle half▲ 4.9pp36.8%above the sector's middle half▲ 188.6pp-26.2%below the sector's middle half▼ 63.0pp16.1%within the sector's middle half▲ 42.3pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €18,820, after a loss of €5,582 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,996
Fixed assets
€38,465 ▲ 491%
Current assets
€59,531 ▲ 124%
Equity and liabilities
Equity-€87,510
Debt€185,506
Equity is negative. Debt (€185,506) exceeds the balance-sheet total (€97,996).
Key figures and ratios
EBITDA
€25,579▲
2023 · -€4,906
Cash flow
€22,488▲
2023 · -€7,994
Interest coverage
8.24▲
2023 · -1.58
Debt ≤ 1 year
€178,634▲
2023 · €135,584
Debt > 1 year
€6,873
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,917 | €38,712 |
| Depreciation and write-downs of the year | €3,736 | €1,441 | €676 | €6,759 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,352 | €4,028 | €3,019 | €3,736 | €1,441 | €676 | €6,759 | ▲ 900% |
| Other operating charges640/8 | - | - | - | €437 | €446 | €486 | €809 | ▲ 66.5% |
| Gross operating margin9900 | -€13,819 | €8,785 | -€19,687 | -€28,053 | €21,594 | -€4,420 | €26,388 | - |
| Operating profit (loss)9901 | -€17,647 | €4,269 | -€23,143 | -€32,227 | €19,707 | -€5,582 | €18,820 | - |
| Financial income75/76B | - | - | - | - | €110 | €10 | €12 | ▲ 16.2% |
| Recurring financial income75 | - | - | €0 | - | €110 | €10 | €5 | ▼ 55.0% |
| Non-recurring financial income76B | - | - | - | - | - | - | €7 | - |
| Financial charges65/66B | - | - | - | €96 | €620 | €3,098 | €3,103 | ▲ 0.2% |
| Recurring financial charges65 | €4,843 | €4,756 | €191 | €96 | €620 | €3,098 | €3,103 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€22,490 | -€487 | -€23,335 | -€32,323 | €19,197 | -€8,670 | €15,729 | - |
| Income taxes67/77 | €353 | €347 | €235 | €242 | €260 | - | - | - |
| Profit (loss) for the period9904 | -€22,843 | -€834 | -€23,569 | -€32,565 | €18,938 | -€8,670 | €15,729 | - |
| Profit (loss) for the period to be appropriated9905 | -€22,843 | -€834 | -€23,569 | -€32,565 | €18,938 | -€8,670 | €15,729 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €75,080 | €69,974 | €15,041 | €21,452 | €51,519 | €33,033 | €97,996 | ▲ 197% |
| Fixed assets21/28 | €66,495 | €62,467 | €9,448 | €5,712 | €4,271 | €6,513 | €38,465 | ▲ 491% |
| Tangible fixed assets22/27 | €16,495 | €12,467 | €9,448 | €5,712 | €4,271 | €6,513 | €38,465 | ▲ 491% |
| Plant, machinery and equipment23 | - | - | - | €4,947 | €4,271 | €6,513 | €5,254 | ▼ 19.3% |
| Furniture and vehicles24 | - | - | - | - | - | - | €33,212 | - |
| Other tangible fixed assets26 | - | - | - | €765 | - | - | €0 | - |
| Financial fixed assets28 | €50,000 | €50,000 | - | - | - | - | - | - |
| Current assets29/58 | €8,585 | €7,508 | €5,593 | €15,741 | €47,248 | €26,520 | €59,531 | ▲ 124% |
| Amounts receivable within one year40/41 | €8,585 | €7,468 | €2,156 | €11,671 | €46,667 | €25,909 | €54,361 | ▲ 110% |
| Trade receivables40 | - | - | - | €9,800 | €45,850 | €24,200 | €42,005 | ▲ 73.6% |
| Other amounts receivable41 | - | - | - | €1,871 | €817 | €1,709 | €12,356 | ▲ 623% |
| Cash at bank and in hand54/58 | - | €40 | €3,438 | €4,070 | €581 | €611 | €4,901 | ▲ 702% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €269 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €75,080 | €69,974 | €15,041 | €21,452 | €51,519 | €33,033 | €97,996 | ▲ 197% |
| Equity10/15 | -€55,851 | -€56,685 | -€80,254 | -€112,819 | -€93,881 | -€102,551 | -€87,510 | ▲ 14.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€74,451 | -€75,285 | -€98,854 | -€131,419 | -€112,481 | -€121,151 | -€106,110 | ▲ 12.4% |
| Amounts payable17/49 | €130,931 | €126,659 | €95,296 | €134,271 | €145,400 | €135,584 | €185,506 | ▲ 36.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €6,873 | - |
| Financial debts170/4 | - | - | - | - | - | - | €6,873 | - |
| Amounts payable within one year42/48 | €126,781 | €118,185 | €86,821 | €134,271 | €145,400 | €135,584 | €178,634 | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €5,418 | - |
| Financial debts43 | - | - | - | - | €18,190 | €19,839 | - | - |
| Credit institutions430/8 | - | - | - | - | €18,190 | €19,839 | - | - |
| Trade debts44 | €1,481 | €2,803 | €3,311 | €16,747 | €11,170 | €7,780 | €4,319 | ▼ 44.5% |
| Suppliers440/4 | - | - | - | €16,747 | €11,170 | €7,780 | €4,319 | ▼ 44.5% |
| Taxes, remuneration and social security45 | - | - | - | €869 | €1,285 | €18,880 | €3,018 | ▼ 84.0% |
| Taxes450/3 | - | - | - | €869 | €1,285 | €10,080 | €3,018 | ▼ 70.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €8,800 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €116,656 | €114,756 | €89,085 | €165,879 | ▲ 86.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,843 | -€834 | -€23,569 | -€32,565 | €18,938 | -€8,670 | €15,729 | - |
| + Depreciation and write-downs630 | €3,352 | €4,028 | €3,019 | €3,736 | €1,441 | €676 | €6,759 | ▲ 900% |
| Operating cash flow (approximation) | -€19,490 | €3,194 | -€20,550 | -€28,829 | €20,378 | -€7,994 | €22,488 | - |
| Investment in fixed assets (approximation) | - | €0 | €50,000 | €0 | €0 | -€2,917 | -€38,712 | ▼ 1,227% |
| Change in cash | - | - | €3,398 | €632 | -€3,489 | €30 | €4,290 | ▲ 144× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,632 companies had the same profile as D.C.V.E. Solutions has now. Two years later, 91.9% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.9%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of D.C.V.E. Solutions itself is higher: 4.0% within 12 months. It rests on far more data about D.C.V.E. Solutions than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for D.C.V.E. Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-12-2025 | 2026-00000927 | |
| 31-12-2023 | micro format | 11-10-2024 | 2024-00504238 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00429299 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20421993 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65700157 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67900497 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-61900520 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55200082 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59600140 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-57600159 |