DAFCO
ActiveSummary
DAFCO has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €494k and a net result of €192k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+11
Solvency88▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.12 in 2024; short-term debt: 36.8% and cash: 36.3% of total assets), and 37.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
62.9%
Return on assets
24.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
19 d early
2022
21 d late
2021
31 d early
2020
11 d early
2019
126 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€192k▲ 54.7%
2024 · €124k
2018: €32klowest in 8 years
2019: €68k▲ +110% vs 2018
2020: €129k▲ +89.4% vs 2019
2021: €246k▲ +91.1% vs 2020
2022: €240k▼ -2.5% vs 2021
2023: €260k▲ +8.2% vs 2022highest in 8 years
2024: €124k▼ -52.2% vs 2023
2025: €192k▲ +54.7% vs 2024
2018 → 2025
Working capital
€472k▲ 17.1%
2024 · €404k
2018: €202klowest in 8 years
2019: €272k▲ +34.7% vs 2018
2020: €303k▲ +11.3% vs 2019
2021: €306k▲ +1.0% vs 2020
2022: €322k▲ +5.3% vs 2021
2023: €432k▲ +34.3% vs 2022
2024: €404k▼ -6.6% vs 2023
2025: €472k▲ +17.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€307k-€325k▲ 5.9%€386k▲ 18.5%€406k▲ 5.2%€494k▲ 21.7%
2021: €307klowest in 5 years
2022: €325k▲ +5.9% vs 2021
2023: €386k▲ +18.5% vs 2022
2024: €406k▲ +5.2% vs 2023
2025: €494k▲ +21.7% vs 2024highest in 5 years
Operating result€299k-€342k▲ 14.3%€359k▲ 4.8%€175k▼ 51.1%€277k▲ 57.8%
2021: €299k
2022: €342k▲ +14.3% vs 2021
2023: €359k▲ +4.8% vs 2022highest in 5 years
2024: €175k▼ -51.1% vs 2023lowest in 5 years
2025: €277k▲ +57.8% vs 2024
Net result€246k-€240k▼ 2.5%€260k▲ 8.2%€124k▼ 52.2%€192k▲ 54.7%
2021: €246k
2022: €240k▼ -2.5% vs 2021
2023: €260k▲ +8.2% vs 2022highest in 5 years
2024: €124k▼ -52.2% vs 2023lowest in 5 years
2025: €192k▲ +54.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786k
Fixed assets
€24k ▼ 27.7%
Current assets
€762k ▼ 0.3%
Equity and liabilities €786k
Equity
€494k ▲ 21.7%
Debt
€292k ▼ 25.4%
Debt's share of the balance-sheet total falls from 49.1% to 37.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€286k▲
2024 · €189k
Cash flow
€201k▲
2024 · €139k
Current ratio
2.63▲
2024 · 2.12
Quick ratio
1.76▲
2024 · 1.52
Debt to equity
0.59▼
2024 · 0.96
ROE
38.9%▲
2024 · 30.6%
ROA
24.5%▲
2024 · 15.6%
Interest coverage
12.73▲
2024 · 9.95
Debt ≤ 1 year
€289k▼
2024 · €360k
Debt > 1 year
€2k▼
2024 · €30k
Income taxes
€70k▲
2024 · €36k
Staff costs
€252k▲
2024 · €241k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€797k€786k▼
Fixed assets21/28€33k€24k▼
Tangible fixed assets22/27€33k€24k▼
Plant, machinery and equipment23€32k€24k▼
Furniture and vehicles24€678€0▼
Other tangible fixed assets26€260€130▼
Current assets29/58€764k€762k▼
Stocks and contracts in progress3€216k€253k▲
Stocks30/36€216k€253k▲
Amounts receivable within one year40/41€307k€223k▼
Trade receivables40€273k€203k▼
Other amounts receivable41€34k€20k▼
Cash at bank and in hand54/58€216k€285k▲
Deferred charges and accrued income490/1€25k€1k▼
Equity and liabilities
Total equity and liabilities10/49€797k€786k▼
Equity10/15€406k€494k▲
Contributions10/11€114k€114k=
Capital10€114k€114k=
Issued capital100€114k€114k=
Reserves13€167k€167k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€156k€156k=
Profit (loss) carried forward14€125k€213k▲
Amounts payable17/49€391k€292k▼
Amounts payable after more than one year17€30k€2k▼
Financial debts170/4€30k€2k▼
Amounts payable within one year42/48€360k€289k▼
Current portion of amounts payable after more than one year42€32k€28k▼
Financial debts43€37k€40k▲
Credit institutions430/8€37k€40k▲
Trade debts44€131k€66k▼
Suppliers440/4€131k€66k▼
Taxes, remuneration and social security45€55k€52k▼
Taxes450/3€17k€18k▲
Remuneration and social security454/9€38k€34k▼
Other amounts payable47/48€104k€104k=
Accrued charges and deferred income492/3€285-
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€241k€252k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€9k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€15k▲
Other operating charges640/8€2k€753▼
Gross operating margin9900€428k€553k▲
Operating profit (loss)9901€175k€277k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€160k€262k▲
Income taxes67/77€36k€70k▲
Profit (loss) for the period9904€124k€192k▲
Profit (loss) for the period to be appropriated9905€124k€192k▲
Appropriation of the result
Profit (loss) to be appropriated9906€229k€317k▲
Profit (loss) brought forward from the previous period14P€104k€125k▲
Profit to be distributed694/7€104k€104k=
Return on contributions (dividend)694€104k€104k=
Social balance
Average headcount (FTE)90872.92.9=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Remuneration, social security and pensions62 | €111k | €157k | €162k | €241k | €252k | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €15k | €11k | €14k | €9k | ▼ 35.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-36 | - | €2k | €-5k | €15k | ▲ 413% |
| Other operating charges640/8 | €922 | €2k | €916 | €2k | €753 | ▼ 51.6% |
| Non-recurring operating charges66A | - | €231 | - | - | - | - |
| Gross operating margin9900 | €418k | €517k | €534k | €428k | €553k | ▲ 29.3% |
| Operating profit (loss)9901 | €299k | €342k | €359k | €175k | €277k | ▲ 57.8% |
| Financial income75/76B | €34k | €1k | €415 | €4k | €8k | ▲ 99.0% |
| Recurring financial income75 | €34k | €1k | €415 | €4k | €8k | ▲ 99.0% |
| Financial charges65/66B | €7k | €36k | €17k | €19k | €22k | ▲ 17.9% |
| Recurring financial charges65 | €7k | €36k | €17k | €19k | €22k | ▲ 17.9% |
| Profit (loss) for the period before taxes9903 | €326k | €308k | €342k | €160k | €262k | ▲ 63.6% |
| Income taxes67/77 | €79k | €67k | €82k | €36k | €70k | ▲ 94.2% |
| Profit (loss) for the period9904 | €246k | €240k | €260k | €124k | €192k | ▲ 54.7% |
| Transfer to tax-exempt reserves689 | - | - | €156k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €246k | €240k | €104k | €124k | €192k | ▲ 54.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €579k | €784k | €636k | €797k | €786k | ▼ 1.4% |
| Fixed assets21/28 | €11k | €23k | €17k | €33k | €24k | ▼ 27.7% |
| Tangible fixed assets22/27 | €11k | €23k | €17k | €33k | €24k | ▼ 27.7% |
| Plant, machinery and equipment23 | €11k | €4k | €7k | €32k | €24k | ▼ 26.0% |
| Furniture and vehicles24 | - | €19k | €10k | €678 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €650 | €520 | €390 | €260 | €130 | ▼ 50.0% |
| Current assets29/58 | €568k | €761k | €619k | €764k | €762k | ▼ 0.3% |
| Stocks and contracts in progress3 | €242k | €364k | €205k | €216k | €253k | ▲ 17.3% |
| Stocks30/36 | €242k | €364k | €205k | €216k | €253k | ▲ 17.3% |
| Amounts receivable within one year40/41 | €155k | €332k | €205k | €307k | €223k | ▼ 27.5% |
| Trade receivables40 | €155k | €326k | €184k | €273k | €203k | ▼ 25.7% |
| Other amounts receivable41 | - | €6k | €21k | €34k | €20k | ▼ 42.5% |
| Cash at bank and in hand54/58 | €169k | €65k | €182k | €216k | €285k | ▲ 32.1% |
| Deferred charges and accrued income490/1 | €2k | €370 | €28k | €25k | €1k | ▼ 95.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €579k | €784k | €636k | €797k | €786k | ▼ 1.4% |
| Equity10/15 | €307k | €325k | €386k | €406k | €494k | ▲ 21.7% |
| Contributions10/11 | €114k | €114k | €114k | €114k | €114k | = |
| Capital10 | €114k | €114k | €114k | €114k | €114k | = |
| Issued capital100 | €114k | €114k | €114k | €114k | €114k | = |
| Reserves13 | €193k | €193k | €167k | €167k | €167k | = |
| Non-distributable reserves130/1 | €11k | €11k | €11k | €11k | €11k | = |
| Legal reserve130 | €11k | €11k | €11k | €11k | €11k | = |
| Tax-exempt reserves132 | - | - | €156k | €156k | €156k | = |
| Distributable reserves133 | €182k | €182k | - | - | - | - |
| Profit (loss) carried forward14 | €245 | €18k | €104k | €125k | €213k | ▲ 70.8% |
| Amounts payable17/49 | €272k | €459k | €251k | €391k | €292k | ▼ 25.4% |
| Amounts payable after more than one year17 | €10k | €19k | €63k | €30k | €2k | ▼ 92.5% |
| Financial debts170/4 | €10k | €19k | €63k | €30k | €2k | ▼ 92.5% |
| Amounts payable within one year42/48 | €262k | €439k | €187k | €360k | €289k | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | €4k | €11k | €35k | €32k | €28k | ▼ 12.9% |
| Financial debts43 | €69k | €19k | €40k | €37k | €40k | ▲ 6.6% |
| Credit institutions430/8 | €69k | €19k | €40k | €37k | €40k | ▲ 6.6% |
| Trade debts44 | €93k | €74k | €86k | €131k | €66k | ▼ 50.1% |
| Suppliers440/4 | €93k | €74k | €86k | €131k | €66k | ▼ 50.1% |
| Taxes, remuneration and social security45 | €25k | €44k | €26k | €55k | €52k | ▼ 5.9% |
| Taxes450/3 | €12k | €37k | €9k | €17k | €18k | ▲ 5.2% |
| Remuneration and social security454/9 | €13k | €7k | €17k | €38k | €34k | ▼ 10.9% |
| Other amounts payable47/48 | €71k | €292k | - | €104k | €104k | = |
| Accrued charges and deferred income492/3 | €31 | €118 | €372 | €285 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €246k | €240k | €260k | €124k | €192k | ▲ 54.7% |
| + Depreciation and write-downs630 | €7k | €15k | €11k | €14k | €9k | ▼ 35.6% |
| Operating cash flow (approximation) | €253k | €256k | €271k | €139k | €201k | ▲ 45.4% |
| Investment in fixed assets (approximation) | - | €-27k | €-5k | €-30k | €0 | ▲ 100% |
| Change in cash | - | €-103k | €117k | €34k | €69k | ▲ 103% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €260k ▲8.2%
Operating result €359k, net result €260k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Ardooie · 1 establishment unit since 1991
Ground area
3.4 ha
Building footprint
8,837 m²
Volume, LiDAR
31,417 m³
Parcel 36001B0455/00M002, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Stationsstraat 176, 8850 Ardooie
since 19912.008.812.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001B0455/00M002 | Flanders | 3.4 ha | 1 · 8,837 m² | 6.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,357 EUR awarded · 2,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,357 EUR | 2,357 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 828 companies in sector 46620 we hold annual accounts for 642. 517 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-10-1973
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
46841Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.