Checked.be
Active
BE 0449.311.621Public limited company
DA - VANTAGE
Rupelstraat 1 ·1000 Brussel, Belgium· 33 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
DA - VANTAGE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.78M and a net result of €135k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 60% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €2.78M |
| Net result | €135k |
| Better than sector | 60% |
| Active | 33 yrs |
Financial profile
72
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
24
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€240k
estimate, not credit advice
Score history
88
2021
65
2022
96
2023
100
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.47 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.47 (≥ 1.0)
+5
Leverage
Debt/equity 0.47 (< 1.0)
+10
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 5.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~28%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.7% | 52.8% | |
| Net result | €135k | €58k | |
| Equity | €2.78M | €1.05M | |
| Gross operating margin | €298k | €100k | |
| Total assets | €4.30M | €2.62M |
€288k
-76.9%
21-25
€135k
-85.3%
21-25
€216k
-77.6%
21-25
€4.30M
-3.8%
21-25
€2.78M
+5.1%
21-25
€947k
+3.6%
21-25
€36k
-34.5%
21-25
€1.32M
-18.2%
21-25
€173k
-41.1%
21-25
€1.11M
-13.5%
21-25
6.47
+57.4%
21-25
6.47
+57.4%
21-25
64.7%
+9.2%
21-25
0.47
-22.2%
21-25
4.8%
-86.0%
21-25
3.1%
-84.7%
21-25
5.64
-86.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €288k | €1.25M | €371k | €368k | €209k |
| Net profit | €135k | €913k | €604k | €-178k | €149k |
| Cash flow | €216k | €962k | €629k | €-174k | €153k |
| Staff costs | - | - | - | - | - |
| Income taxes | €36k | €54k | €-285k | €541k | €53k |
| Dividends | - | - | - | - | - |
| Total assets | €4.30M | €4.47M | €2.51M | €2.23M | €2.23M |
| Equity | €2.78M | €2.65M | €1.73M | €1.13M | €1.31M |
| Debt | €1.32M | €1.61M | €777k | €658k | €877k |
| of which ≤ 1y | €173k | €293k | €473k | €328k | €357k |
| of which > 1y | €1.11M | €1.28M | €276k | €307k | €499k |
| Working capital | €947k | €913k | €117k | €98k | €62k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 6.47 | 4.11 | 1.25 | 1.30 | 1.17 |
| Quick ratio | 6.47 | 4.11 | 1.25 | 1.30 | 1.17 |
| Working capital ratio | 22.0% | 20.4% | 4.7% | 4.4% | 2.8% |
| Solvency | 64.7% | 59.2% | 69.0% | 50.6% | 58.5% |
| Debt / equity | 0.47 | 0.61 | 0.45 | 0.58 | 0.67 |
| Long-term debt ratio | 0.40 | 0.49 | 0.16 | 0.27 | 0.38 |
| Interest coverage | 5.64 | 40.80 | 11.36 | 44.75 | 21.30 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.1% | 20.4% | 24.0% | -8.0% | 6.7% |
| ROE | 4.8% | 34.5% | 34.8% | -15.8% | 11.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €4.30M | €4.47M | €2.51M | €2.23M | €2.23M |
| Fixed assets | 21/28 | €3.18M | €3.26M | €1.92M | €1.81M | €1.82M |
| Tangible fixed assets | 22/27 | €1.48M | €1.56M | €219k | €104k | €103k |
| Financial fixed assets | 28 | €1.70M | €1.70M | €1.70M | €1.70M | €1.71M |
| Current assets | 29/58 | €1.12M | €1.21M | €590k | €425k | €419k |
| Amounts receivable within one year | 40/41 | €408k | €305k | €67k | €41k | €53k |
| Cash & bank | 54/58 | €176k | €67k | €139k | €75k | €64k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.30M | €4.47M | €2.51M | €2.23M | €2.23M |
| Equity | 10/15 | €2.78M | €2.65M | €1.73M | €1.13M | €1.31M |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €612k | €641k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €2.11M | €1.94M | €1.67M | €1.06M | €1.24M |
| Provisions & deferred taxes | 16 | €202k | €211k | - | €444k | €50k |
| Amounts payable | 17/49 | €1.32M | €1.61M | €777k | €658k | €877k |
| Amounts payable after one year | 17 | €1.11M | €1.28M | €276k | €307k | €499k |
| Amounts payable within one year | 42/48 | €173k | €293k | €473k | €328k | €357k |
| Trade debts payable within one year | 44 | €18k | €10k | €13k | €4k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €298k | €1.29M | €397k | €344k | €225k |
| Operating result | 9901 | €206k | €1.20M | €346k | €364k | €205k |
| Financial income | 75 | €5k | €11k | €6k | €7k | €6k |
| Financial charges | 65 | €51k | €31k | €33k | €8k | €10k |
| Result before taxes | 9903 | €161k | €1.18M | €319k | €363k | €201k |
| Income taxes | 67/77 | €36k | €54k | €-285k | €541k | €53k |
| Net result for the period | 9904 | €135k | €913k | €604k | €-178k | €149k |
| Result to be appropriated | 9905 | €163k | €279k | €604k | €-178k | €149k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 21-01-1993 |
| Status | Active |
| Postal code | 1000 |
Establishment units
DA-VANTAGE NV
since 19932.064.345.585
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813F0588/00Y000 | Brussels | 3.0 ha | 1 · 4,226 m² | 5.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Highest result since 2021net €913k ▲51.3%
Operating result €1.20M, net result €913k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.11
Current ratio from 1.25 to 4.11; short-term debt falls from €473k to €293k.
31-12
Financial
Equity above €2MEq €2.65M ▲52.7%
2 profitable years in a row build equity to €2.65M.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €604k
Net result €604k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-178k ▼220%
Net result drops to €-178k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameFR | DA - VANTAGE |
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