D-Divo
ActiveSummary
D-Divo has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,674 and a net result of €6,064. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 42% of 1329 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-1
Solvency35▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.3 in 2024; short-term debt: 22.1% and cash: 3.7% of total assets), and 90.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.9%
Return on assets
1.2%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €51,674
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
29 d early
2023
46 d late
2022
3 d early
2021
2 d early
2020
8 d early
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€51,674▲ 13.3%
2024 · €45,610
Total assets
€523,408▼ 5.7%
2024 · €554,839
Net result
€6,064▼ 50.3%
2024 · €12,203
Working capital
-€96,287▼ 15.5%
2024 · -€83,380
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€39,589▼ 3,441%€23,376€19,933▼ 14.7%€25,547▲ 28.2%€18,163▼ 28.9%
Net result-€46,793below the sector's middle half▼ 455%€16,330within the sector's middle half€10,140within the sector's middle half▼ 37.9%€12,203within the sector's middle half▲ 20.3%€6,064within the sector's middle half▼ 50.3%
Equity€6,937within the sector's middle half▼ 87.1%€23,267within the sector's middle half▲ 235%€33,407within the sector's middle half▲ 43.6%€45,610within the sector's middle half▲ 36.5%€51,674within the sector's middle half▲ 13.3%
Total assets€531,272within the sector's middle half▼ 8.1%€567,333within the sector's middle half▲ 6.8%€558,752within the sector's middle half▼ 1.5%€554,839within the sector's middle half▼ 0.7%€523,408within the sector's middle half▼ 5.7%
Debt€524,335=€544,066▲ 3.8%€525,345▼ 3.4%€509,230▼ 3.1%€471,734▼ 7.4%
Working capital-€92,929within the sector's middle half▼ 45.3%-€80,724within the sector's middle half▲ 13.1%-€74,150within the sector's middle half▲ 8.1%-€83,380within the sector's middle half▼ 12.4%-€96,287within the sector's middle half▼ 15.5%
Solvency1.3%within the sector's middle half▼ 8.0pp4.1%within the sector's middle half▲ 2.8pp6.0%within the sector's middle half▲ 1.9pp8.2%within the sector's middle half▲ 2.2pp9.9%within the sector's middle half▲ 1.7pp
Current ratio0.04below the sector's middle half▼ 0.240.16below the sector's middle half▲ 0.120.27within the sector's middle half▲ 0.110.30within the sector's middle half▲ 0.030.17below the sector's middle half▼ 0.13
Return on assets (ROA)-8.8%below the sector's middle half▼ 7.3pp2.9%within the sector's middle half▲ 11.7pp1.8%within the sector's middle half▼ 1.1pp2.2%within the sector's middle half▲ 0.4pp1.2%within the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €523,408
Fixed assets
€503,828 ▼ 2.9%
Current assets
€19,581 ▼ 45.6%
Equity and liabilities €523,408
Equity
€51,674 ▲ 13.3%
Debt
€471,734 ▼ 7.4%
Debt's share of the balance-sheet total falls from 91.8% to 90.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,201▼
2024 · €47,960
Cash flow
€29,102▼
2024 · €34,616
Debt to equity
9.13▼
2024 · 11.16
ROE
11.7%▼
2024 · 26.8%
Interest coverage
3.34▲
2024 · 3.33
Debt ≤ 1 year
€115,868▼
2024 · €119,347
Debt > 1 year
€355,866▼
2024 · €389,883
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,603 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,981 | €26,435 | €23,279 | €22,413 | €23,038 | ▲ 2.8% |
| Other operating charges640/8 | - | €2,625 | €2,556 | €2,985 | €3,189 | ▲ 6.8% |
| Gross operating margin9900 | -€11,612 | €52,436 | €45,768 | €50,945 | €44,390 | ▼ 12.9% |
| Operating profit (loss)9901 | -€39,589 | €23,376 | €19,933 | €25,547 | €18,163 | ▼ 28.9% |
| Financial income75/76B | - | - | €33 | €1,051 | €237 | ▼ 77.4% |
| Recurring financial income75 | - | - | €33 | €1,051 | €237 | ▼ 77.4% |
| Financial charges65/66B | - | €7,046 | €9,826 | €14,394 | €12,336 | ▼ 14.3% |
| Recurring financial charges65 | €7,204 | €7,046 | €9,826 | €14,394 | €12,336 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | -€46,793 | €16,330 | €10,140 | €12,203 | €6,064 | ▼ 50.3% |
| Profit (loss) for the period9904 | -€46,793 | €16,330 | €10,140 | €12,203 | €6,064 | ▼ 50.3% |
| Profit (loss) for the period to be appropriated9905 | -€46,793 | €16,330 | €10,140 | €12,203 | €6,064 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €531,272 | €567,333 | €558,752 | €554,839 | €523,408 | ▼ 5.7% |
| Fixed assets21/28 | €527,159 | €552,011 | €531,822 | €518,873 | €503,828 | ▼ 2.9% |
| Intangible fixed assets21 | €112 | - | - | - | - | - |
| Tangible fixed assets22/27 | €527,047 | €552,011 | €531,822 | €518,873 | €503,828 | ▼ 2.9% |
| Land and buildings22 | - | €548,384 | €527,654 | €516,191 | €499,333 | ▼ 3.3% |
| Furniture and vehicles24 | - | €3,627 | €4,168 | €2,682 | €4,495 | ▲ 67.6% |
| Current assets29/58 | €4,113 | €15,322 | €26,930 | €35,967 | €19,581 | ▼ 45.6% |
| Amounts receivable within one year40/41 | €906 | €1,844 | €2,315 | €0 | €171 | - |
| Trade receivables40 | - | €381 | €2,315 | €0 | - | - |
| Other amounts receivable41 | - | €1,463 | - | - | €171 | - |
| Cash at bank and in hand54/58 | €2,696 | €12,948 | €24,030 | €35,967 | €19,410 | ▼ 46.0% |
| Deferred charges and accrued income490/1 | - | €530 | €585 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €531,272 | €567,333 | €558,752 | €554,839 | €523,408 | ▼ 5.7% |
| Equity10/15 | €6,937 | €23,267 | €33,407 | €45,610 | €51,674 | ▲ 13.3% |
| Contributions10/11 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Profit (loss) carried forward14 | -€118,063 | -€101,733 | -€91,593 | -€79,390 | -€73,326 | ▲ 7.6% |
| Amounts payable17/49 | €524,335 | €544,066 | €525,345 | €509,230 | €471,734 | ▼ 7.4% |
| Amounts payable after more than one year17 | €427,293 | €446,349 | €424,265 | €389,883 | €355,866 | ▼ 8.7% |
| Financial debts170/4 | - | €446,349 | €424,265 | €389,883 | €355,866 | ▼ 8.7% |
| Amounts payable within one year42/48 | €97,042 | €96,046 | €101,080 | €119,347 | €115,868 | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | €53,947 | €55,024 | €73,304 | €89,717 | ▲ 22.4% |
| Trade debts44 | €2,298 | €3,282 | €2,392 | €1,644 | €2,887 | ▲ 75.6% |
| Suppliers440/4 | - | €3,282 | €2,392 | €1,644 | €2,887 | ▲ 75.6% |
| Taxes, remuneration and social security45 | - | - | €986 | €1,136 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €986 | €1,136 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €38,817 | €42,678 | €43,264 | €23,264 | ▼ 46.2% |
| Accrued charges and deferred income492/3 | - | €1,671 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,793 | €16,330 | €10,140 | €12,203 | €6,064 | ▼ 50.3% |
| + Depreciation and write-downs630 | €25,981 | €26,435 | €23,279 | €22,413 | €23,038 | ▲ 2.8% |
| Operating cash flow (approximation) | -€20,812 | €42,765 | €33,419 | €34,616 | €29,102 | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | -€51,287 | -€3,090 | -€9,464 | -€7,993 | ▲ 15.5% |
| Change in cash | - | €10,252 | €11,082 | €11,937 | -€16,557 | ▼ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 46 days late
2023
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €16,330
Net result €16,330 after 3 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Berlare · 1 establishment unit since 2017
Ground area
4,141 m²
Building footprint
501 m²
Parcel 42022A0373/00_000, Flanders. Linked by address, not a title deed.
1 establishment unit
Slot(U) 51, 9290 Berlare
since 20172.302.074.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42022A0373/00_000 | Flanders | 4,140 m² | 1 · 501 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,854 companies in sector 55204 we hold annual accounts for 451. 348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-2017
Fiscal year end30-06
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681399363
Also
9925:BE0681399363
Registered
25-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.