DACO
Dissolved and wound up on 09-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 15 filings
Turnover
≈ €1.3m
Estimated: probably between €930,000 and €1.9m
Total assets
€1.7m▲ 30.5%
2024 · €1.3m
Net result
€439,094▲ 184%
2024 · €154,771
Working capital
€1.7m▲ 39.9%
2024 · €1.2m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€613,701
▲ 195%
2025
20182025
Net result
€439,094
▲ 184%
2025
20182025
Equity
€1.7m
▲ 34.9%
2025
20182025
Total assets
€1.7m
▲ 30.5%
2025
20182025
Debt
€2,953
▼ 93.4%
2025
20182025
Working capital
€1.7m
▲ 39.9%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▼ 4.1%€0.3m▲ 25.0%€0.3m▲ 5.5%€0.2m▼ 26.3%€0.2m▲ 2.5%€0.2m▲ 0.4%€0.6m▲ 195%
Net result€0.1m-€0.1m▼ 4.3%€0.2m▲ 32.0%€0.2m▲ 6.7%€0.1m▼ 27.1%€0.1m▲ 7.3%€0.2m▲ 6.9%€0.4m▲ 184%
Equity€0.4m-€0.5m▲ 35.2%€0.6m▲ 26.7%€0.8m▲ 28.9%€1.0m▲ 16.4%€1.1m▲ 14.9%€1.3m▲ 14.0%€1.7m▲ 34.9%
Total assets€0.4m-€0.5m▲ 35.1%€0.7m▲ 29.8%€0.9m▲ 22.2%€1.0m▲ 16.8%€1.1m▲ 13.9%€1.3m▲ 13.6%€1.7m▲ 30.5%
Debt€0.03m-€0.04m▲ 33.9%€0.07m▲ 70.7%€0.04m▼ 43.4%€0.05m▲ 25.9%€0.04m▼ 5.8%€0.04m▲ 2.3%€0.003m▼ 93.4%
Working capital€0.4m-€0.5m▲ 36.9%€0.6m▲ 28.1%€0.8m▲ 26.7%€0.9m▲ 18.0%€1.0m▲ 10.6%€1.2m▲ 16.4%€1.7m▲ 39.9%
Staff (FTE)2.7-2.8▲ 3.7%3.4▲ 21.4%3.7▲ 8.8%3.4▼ 8.1%3.7▲ 8.8%3.7=
The operating result for 2025 is 195% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Large changes and their cause
- 2025 Net result +184% on 2024. The 2025 profit included a one-off income of €508,736.
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
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.7m
Equity
€1.7m ▲ 34.9%
Debt
€2,953 ▼ 93.4%
Debt's share of the balance-sheet total falls from 3.5% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.04
ROE
25.9%▲
2024 · 12.3%
ROA
25.9%▲
2024 · 11.9%
Debt ≤ 1 year
€2,853▼
2024 · €43,140
Income taxes
€205,403▲
2024 · €78,328
Staff costs
€45,894▼
2024 · €262,377
A ratio outside any meaningful range has been withheld (balance sheet total €1.7m, equity €1.7m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 3 | 4 | 4 |
| full-time | 2 | 2 | 2 | 2 |
| part-time | 2 | 1 | 2 | 2 |
| in full-time equivalents | 3.7 | 2.9 | 3.7 | 3.7 |
| Average over the year, in full-time equivalents | 3.7 | 3.4 | 3.7 | 3.7 |
| On a permanent contract | 4 | 3 | 4 | 4 |
| Joined | 3 | 0 | 1 | - |
| Left | 3 | 1 | 0 | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,390 | - | €61,475 | - | - |
| Depreciation and write-downs of the year | €6,613 | €8,530 | €14,303 | €14,975 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,000 | - | €13,458 | - | €508,736 | - |
| Remuneration, social security and pensions62 | - | - | - | €186,484 | €219,855 | €245,349 | €262,377 | €45,894 | ▼ 82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,649 | €12,149 | €4,222 | €6,613 | €8,530 | €14,303 | €14,975 | - | - |
| Other operating charges640/8 | - | - | - | €4,902 | €776 | €7,995 | €1,396 | €5,349 | ▲ 283% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €113 | - |
| Gross operating margin9900 | €355,905 | €371,588 | €429,165 | €472,088 | €431,240 | €474,706 | €486,578 | €665,058 | ▲ 36.7% |
| Operating profit (loss)9901 | €216,749 | €207,929 | €259,886 | €274,088 | €202,079 | €207,059 | €207,830 | €613,701 | ▲ 195% |
| Financial income75/76B | - | - | - | - | - | €10,574 | €25,574 | €30,988 | ▲ 21.2% |
| Recurring financial income75 | €38 | €35 | €29 | - | - | €10,574 | €25,574 | €30,988 | ▲ 21.2% |
| Financial charges65/66B | - | - | - | €152 | €242 | €1,189 | €305 | €192 | ▼ 37.0% |
| Recurring financial charges65 | €289 | €257 | €3,449 | €152 | €242 | €1,189 | €305 | €192 | ▼ 37.0% |
| Profit (loss) for the period before taxes9903 | €216,499 | €207,707 | €256,466 | €273,936 | €201,837 | €216,444 | €233,099 | €644,497 | ▲ 176% |
| Income taxes67/77 | €79,193 | €76,346 | €83,108 | €89,045 | €66,982 | €71,725 | €78,328 | €205,403 | ▲ 162% |
| Profit (loss) for the period9904 | €137,306 | €131,361 | €173,357 | €184,891 | €134,855 | €144,719 | €154,771 | €439,094 | ▲ 184% |
| Profit (loss) for the period to be appropriated9905 | €137,306 | €131,361 | €173,357 | €184,891 | €134,855 | €144,719 | €154,771 | €439,094 | ▲ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.5m | €0.7m | €0.9m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 30.5% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.009m | €0.03m | €0.02m | €0.06m | €0.05m | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.009m | €0.03m | €0.02m | €0.06m | €0.05m | - | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.05m | €0.04m | - | - |
| Other tangible fixed assets26 | - | - | - | €141 | - | €0.006m | €0.006m | - | - |
| Current assets29/58 | €0.4m | €0.5m | €0.7m | €0.8m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 35.3% |
| Amounts receivable within one year40/41 | €0.005m | €0.02m | €0.008m | €0.01m | €0.02m | €0.004m | €0.01m | €0.003m | ▼ 72.0% |
| Trade receivables40 | - | - | - | €0.001m | €61 | €0.002m | €0.001m | €0.002m | ▲ 170% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.001m | €0.009m | €0.001m | ▼ 93.1% |
| Current investments50/53 | - | - | - | - | €0.2m | €0.6m | €0.8m | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.5m | €0.7m | €0.8m | €0.7m | €0.4m | €0.4m | €1.7m | ▲ 286% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.05m | €0.05m | €0.06m | €332 | ▼ 99.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.7m | €0.9m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 30.5% |
| Equity10/15 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 34.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 35.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 35.1% |
| Amounts payable17/49 | €0.03m | €0.04m | €0.07m | €0.04m | €0.05m | €0.04m | €0.04m | €0.003m | ▼ 93.4% |
| Amounts payable after more than one year17 | €0.002m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.07m | €0.04m | €0.05m | €0.04m | €0.04m | €0.003m | ▼ 93.4% |
| Trade debts44 | €0.003m | €0.009m | €0.006m | €0.006m | €0.003m | €0.009m | €0.003m | €0.003m | ▲ 10.9% |
| Suppliers440/4 | - | - | - | €0.006m | €0.003m | €0.009m | €0.003m | €0.003m | ▲ 10.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.03m | €0.04m | - | - |
| Taxes450/3 | - | - | - | €0.009m | €0.01m | €0.001m | €0.002m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | - | - |
| Other amounts payable47/48 | - | - | - | €187 | €180 | €0.002m | €32 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | €0.002m | €100 | ▼ 94.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €0.4m | ▲ 184% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.004m | €0.007m | €0.009m | €0.01m | €0.01m | - | - |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 159% |
| Investment in fixed assets (approximation) | - | -€0.009m | -€0.001m | -€0.02m | €0 | -€0.06m | €0 | - | - |
| Change in cash | - | €0.1m | €0.2m | €0.1m | -€0.1m | -€0.3m | €0.004m | €1.3m | ▲ 285× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-03-2026 | 2026-00068085 | |
| 31-12-2024 | micro format | 05-05-2025 | 2025-00089064 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00112684 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00161846 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20082925 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22700505 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23200499 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-21500131 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48700259 | |
| 31-12-2016 | micro format | 21-08-2017 | 2017-47200013 |