DACOFIN
ActiveSummary
DACOFIN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €785,691 and a net result of €42,482. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 83% of 3392 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
What they do
Other tax advisory services
NACE 69209Legal and accounting activities NACE 69202NACE 74121
#6 oldest company in Merelbeke-Melle, Professional and technical services sector1 site
How big
€958,466total assets 2025
- Equity
- €785,691
- Profit
- €42,482
Turnover not published (abridged schema)
Who decides
Accounts 10 d early0 of 5 deeds read
Why 86+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 4.26 against 2.26 in 2024; short-term debt: 5.4% and cash: 9.9% of total assets), and 18% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
82%
Return on assets
4.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
52 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 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €958,466Profit €42,482Solvency 82.0%Liquidity 4.26
Total assets
€958,466=
2018 - 2025
Net result
€42,482▲ 1,069%
2018 - 2025
Equity
€785,691▲ 4.1%
2018 - 2025
Staff (FTE)
1=
2018 - 2019
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,668€22,449▲ 159%€139,968▲ 524%€5,580▼ 96.0%€64,956▲ 1,064%
Net result€5,729below the sector's middle half€19,215within the sector's middle half▲ 235%€97,255above the sector's middle half▲ 406%€3,635below the sector's middle half▼ 96.3%€42,482within the sector's middle half▲ 1,069%
Equity€634,606above the sector's middle half▲ 0.9%€653,822above the sector's middle half▲ 3.0%€751,076above the sector's middle half▲ 14.9%€754,711above the sector's middle half▲ 0.5%€785,691above the sector's middle half▲ 4.1%
Total assets€826,116above the sector's middle half▼ 2.8%€823,331above the sector's middle half▼ 0.3%€818,625above the sector's middle half▼ 0.6%€958,925above the sector's middle half▲ 17.1%€958,466within the sector's middle half=
Debt€191,509▼ 13.5%€169,510▼ 11.5%€67,549▼ 60.2%€204,214▲ 202%€172,776▼ 15.4%
Working capital-€46,538below the sector's middle half▲ 4.4%-€18,363below the sector's middle half▲ 60.5%€162,054within the sector's middle half€94,098within the sector's middle half▼ 41.9%€168,804within the sector's middle half▲ 79.4%
Solvency76.8%above the sector's middle half▲ 2.9pp79.4%above the sector's middle half▲ 2.6pp91.7%above the sector's middle half▲ 12.3pp78.7%within the sector's middle half▼ 13.0pp82.0%above the sector's middle half▲ 3.3pp
Current ratio0.71below the sector's middle half=0.88below the sector's middle half▲ 0.163.72within the sector's middle half▲ 2.852.26within the sector's middle half▼ 1.474.26above the sector's middle half▲ 2.00
Return on assets (ROA)0.7%below the sector's middle half▲ 5.5pp2.3%below the sector's middle half▲ 1.6pp11.9%within the sector's middle half▲ 9.5pp0.4%below the sector's middle half▼ 11.5pp4.4%within the sector's middle half▲ 4.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,064% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €958,466
Fixed assets
€737,937 ▼ 6.6%
Current assets
€220,529 ▲ 30.6%
Equity and liabilities €958,466
Equity
€785,691 ▲ 4.1%
Debt
€172,776 ▼ 15.4%
Debt's share of the balance-sheet total falls from 21.3% to 18.0%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€87,213▲
2024 · €21,103
Cash flow
€64,740▲
2024 · €19,158
Debt to equity
0.22▼
2024 · 0.27
ROE
5.4%▲
2024 · 0.5%
Interest coverage
15.84▲
2024 · 4.73
Debt ≤ 1 year
€51,725▼
2024 · €74,760
Debt > 1 year
€118,925▼
2024 · €126,431
Income taxes
€20,436▲
2024 · €2,459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,341 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 14,732 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,293 | €16,550 | €16,550 | €15,523 | €22,258 | ▲ 43.4% |
| Other operating charges640/8 | €3,907 | €3,538 | €5,638 | €4,892 | €4,873 | ▼ 0.4% |
| Gross operating margin9900 | €30,868 | €42,536 | €162,156 | €25,995 | €92,086 | ▲ 254% |
| Operating profit (loss)9901 | €8,668 | €22,449 | €139,968 | €5,580 | €64,956 | ▲ 1,064% |
| Financial income75/76B | - | - | €1,961 | €4,979 | €3,468 | ▼ 30.4% |
| Recurring financial income75 | - | - | €1,961 | €4,979 | €3,468 | ▼ 30.4% |
| Financial charges65/66B | €2,367 | €1,312 | €1,476 | €4,466 | €5,504 | ▲ 23.3% |
| Recurring financial charges65 | €2,367 | €1,312 | €1,476 | €4,466 | €5,504 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €6,302 | €21,137 | €140,453 | €6,094 | €62,919 | ▲ 932% |
| Income taxes67/77 | €573 | €1,922 | €43,199 | €2,459 | €20,436 | ▲ 731% |
| Profit (loss) for the period9904 | €5,729 | €19,215 | €97,255 | €3,635 | €42,482 | ▲ 1,069% |
| Profit (loss) for the period to be appropriated9905 | €5,729 | €19,215 | €97,255 | €3,635 | €42,482 | ▲ 1,069% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €826,116 | €823,331 | €818,625 | €958,925 | €958,466 | = |
| Fixed assets21/28 | €710,024 | €692,593 | €597,081 | €790,067 | €737,937 | ▼ 6.6% |
| Tangible fixed assets22/27 | €710,024 | €692,593 | €597,081 | €790,067 | €737,937 | ▼ 6.6% |
| Land and buildings22 | €702,049 | €685,632 | €591,135 | €576,560 | €516,115 | ▼ 10.5% |
| Plant, machinery and equipment23 | €7,975 | €6,961 | €5,947 | €213,508 | €221,822 | ▲ 3.9% |
| Current assets29/58 | €116,092 | €130,738 | €221,544 | €168,858 | €220,529 | ▲ 30.6% |
| Amounts receivable after more than one year29 | - | €5,000 | €184,122 | €133,187 | €124,191 | ▼ 6.8% |
| Other amounts receivable291 | - | €5,000 | €184,122 | €133,187 | €124,191 | ▼ 6.8% |
| Amounts receivable within one year40/41 | €271 | €11,483 | €95 | €447 | €800 | ▲ 79.0% |
| Trade receivables40 | €271 | €348 | €95 | €447 | €497 | ▲ 11.2% |
| Other amounts receivable41 | - | €11,135 | - | - | €303 | - |
| Cash at bank and in hand54/58 | €115,392 | €113,808 | €36,844 | €32,129 | €95,022 | ▲ 196% |
| Deferred charges and accrued income490/1 | €429 | €447 | €483 | €3,095 | €516 | ▼ 83.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €826,116 | €823,331 | €818,625 | €958,925 | €958,466 | = |
| Equity10/15 | €634,606 | €653,822 | €751,076 | €754,711 | €785,691 | ▲ 4.1% |
| Contributions10/11 | €254,000 | €254,000 | €254,000 | €254,000 | €254,000 | = |
| Capital10 | €254,000 | €254,000 | €254,000 | €254,000 | €254,000 | = |
| Issued capital100 | €254,000 | €254,000 | €254,000 | €254,000 | €254,000 | = |
| Revaluation surpluses12 | €77,780 | €77,780 | €77,780 | €77,780 | €77,780 | = |
| Reserves13 | €42,632 | €61,847 | €159,102 | €162,737 | €193,716 | ▲ 19.0% |
| Non-distributable reserves130/1 | €25,400 | €25,400 | €25,400 | €25,400 | €25,400 | = |
| Legal reserve130 | €25,400 | €25,400 | €25,400 | €25,400 | €25,400 | = |
| Distributable reserves133 | €17,232 | €36,447 | €133,702 | €137,337 | €168,316 | ▲ 22.6% |
| Profit (loss) carried forward14 | €260,195 | €260,195 | €260,195 | €260,195 | €260,195 | = |
| Amounts payable17/49 | €191,509 | €169,510 | €67,549 | €204,214 | €172,776 | ▼ 15.4% |
| Amounts payable after more than one year17 | €27,200 | €17,000 | €6,800 | €126,431 | €118,925 | ▼ 5.9% |
| Financial debts170/4 | €27,200 | €17,000 | €6,800 | €126,431 | €118,925 | ▼ 5.9% |
| Amounts payable within one year42/48 | €162,631 | €149,101 | €59,490 | €74,760 | €51,725 | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | €22,961 | €10,200 | €10,200 | €14,012 | €7,506 | ▼ 46.4% |
| Trade debts44 | €1,878 | €543 | €1,193 | €24,023 | €276 | ▼ 98.9% |
| Suppliers440/4 | €1,878 | €543 | €1,193 | €24,023 | €276 | ▼ 98.9% |
| Taxes, remuneration and social security45 | €1,303 | €1,977 | €14,308 | €6,761 | €5,451 | ▼ 19.4% |
| Taxes450/3 | €1,303 | €1,977 | €14,308 | €6,761 | €5,451 | ▼ 19.4% |
| Other amounts payable47/48 | €136,489 | €136,381 | €33,789 | €29,964 | €38,492 | ▲ 28.5% |
| Accrued charges and deferred income492/3 | €1,679 | €3,409 | €1,259 | €3,023 | €2,125 | ▼ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,729 | €19,215 | €97,255 | €3,635 | €42,482 | ▲ 1,069% |
| + Depreciation and write-downs630 | €18,293 | €16,550 | €16,550 | €15,523 | €22,258 | ▲ 43.4% |
| Operating cash flow (approximation) | €24,022 | €35,765 | €113,804 | €19,158 | €64,740 | ▲ 238% |
| Investment in fixed assets (approximation) | - | €881 | €78,962 | -€208,509 | €29,872 | ▲ 114% |
| Change in cash | - | -€1,584 | -€76,964 | -€4,715 | €62,893 | ▲ 1,434% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 2,265 companies in this sector we hold annual accounts for 1,101. 648 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 21-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €97,255 ▲406%
Operating result €139,968, net result €97,255, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.72
Current ratio from 0.88 to 3.72; short-term debt falls from €149,101 to €59,490.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,729
Net result €5,729 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€40,490
Net result drops to -€40,490, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Company details
Public limited company · founded 17-10-1983Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded17-10-1983
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424752211
Also
9925:BE0424752211
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 1983
Ground area
1,094 m²
Building footprint
485 m²
Volume, LiDAR
3,413 m³
Parcel 44024A0415/00G000, Flanders · tallest building 22.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Watermolenstraat 35, 9090 Merelbeke-Melle
since 1983unit no. 2.023.326.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44024A0415/00G000 | Flanders | 1,094 m² | 1 · 485 m² | 22.8 m · 2 fl. |
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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