DAGIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 18 filings
Turnover
≈ €180,000
Estimated: probably between €160,000 and €250,000
Total assets
€422,288▲ 11.0%
2024 · €380,293
Net result
€40,922
2024 · -€23,860
Working capital
€48,373
2024 · -€24,315
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€60,545
2025
20182025
Net result
€40,922
2025
middle half of the sector
20182025
Equity
€204,980
▲ 24.9%
2025
highest quarter of the sector
20182025
Total assets
€422,288
▲ 11.0%
2025
highest quarter of the sector
20182025
Debt
€217,307
▲ 0.5%
2025
20182025
Working capital
€48,373
2025
middle half of the sector
20182025
Solvency
48.5%
▲ 5.4pp
2025
middle half of the sector
20182025
Current ratio
1.35
▲ 0.52
2025
middle half of the sector
20182025
Return on assets (ROA)
9.7%
▲ 16.0pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€31,757-€954▼ 97.0%-€2,121€50,751€75,482▲ 48.7%€36,638▼ 51.5%-€10,686€60,545
Net result€13,508--€5,827-€11,040below the sector's middle half▼ 89.5%€31,027within the sector's middle half€46,145above the sector's middle half▲ 48.7%€17,070within the sector's middle half▼ 63.0%-€23,860below the sector's middle half€40,922within the sector's middle half
Equity€164,911-€159,084▼ 3.5%€148,044within the sector's middle half▼ 6.9%€179,071above the sector's middle half▲ 21.0%€200,964above the sector's middle half▲ 12.2%€201,427above the sector's middle half▲ 0.2%€164,058above the sector's middle half▼ 18.6%€204,980above the sector's middle half▲ 24.9%
Total assets€425,348-€393,971▼ 7.4%€388,277above the sector's middle half▼ 1.4%€427,031above the sector's middle half▲ 10.0%€447,917above the sector's middle half▲ 4.9%€443,112above the sector's middle half▼ 1.1%€380,293above the sector's middle half▼ 14.2%€422,288above the sector's middle half▲ 11.0%
Debt€260,437-€234,887▼ 9.8%€240,233▲ 2.3%€247,959▲ 3.2%€246,954▼ 0.4%€241,685▼ 2.1%€216,236▼ 10.5%€217,307▲ 0.5%
Working capital-€24,382--€14,725▲ 39.6%€5,148below the sector's middle half€3,892below the sector's middle half▼ 24.4%€353below the sector's middle half▼ 90.9%-€2,813below the sector's middle half-€24,315below the sector's middle half▼ 765%€48,373within the sector's middle half
Solvency38.8%-40.4%▲ 1.6pp38.1%within the sector's middle half▼ 2.3pp41.9%within the sector's middle half▲ 3.8pp44.9%within the sector's middle half▲ 2.9pp45.5%within the sector's middle half▲ 0.6pp43.1%within the sector's middle half▼ 2.3pp48.5%within the sector's middle half▲ 5.4pp
Current ratio0.77-0.85▲ 0.081.05below the sector's middle half▲ 0.201.03below the sector's middle half▼ 0.021.00below the sector's middle half▼ 0.030.98below the sector's middle half▼ 0.020.83below the sector's middle half▼ 0.151.35within the sector's middle half▲ 0.52
Return on assets (ROA)3.2%--1.5%▼ 4.7pp-2.8%below the sector's middle half▼ 1.4pp7.3%within the sector's middle half▲ 10.1pp10.3%within the sector's middle half▲ 3.0pp3.9%below the sector's middle half▼ 6.4pp-6.3%below the sector's middle half▼ 10.1pp9.7%within the sector's middle half▲ 16.0pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €60,545, after a loss of €10,686 in 2024.
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
Assets €422,288
Fixed assets
€234,474 ▼ 10.8%
Current assets
€187,813 ▲ 60.0%
Equity and liabilities €422,288
Equity
€204,980 ▲ 24.9%
Debt
€217,307 ▲ 0.5%
Debt's share of the balance-sheet total falls from 56.9% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94,298▲
2024 · €22,714
Cash flow
€74,675▲
2024 · €9,540
Debt to equity
1.06▼
2024 · 1.32
ROE
20.0%▲
2024 · -14.5%
Interest coverage
8.20▲
2024 · 1.74
Debt ≤ 1 year
€139,440▼
2024 · €141,684
Debt > 1 year
€51,333▼
2024 · €65,333
Income taxes
€8,178▲
2024 · €204
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €54,835 | €49,513 | €22,677 | €1,110 | €5,303 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €34,903 | €37,842 | €33,652 | €33,400 | €33,753 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,982 | €34,692 | €34,692 | €34,903 | €37,842 | €33,652 | €33,400 | €33,753 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €1,178 | €2,360 | €2,047 | €2,649 | €2,644 | ▼ 0.2% |
| Gross operating margin9900 | €68,699 | €37,199 | €33,937 | €86,832 | €115,684 | €72,338 | €25,363 | €96,942 | ▲ 282% |
| Operating profit (loss)9901 | €31,757 | €954 | -€2,121 | €50,751 | €75,482 | €36,638 | -€10,686 | €60,545 | - |
| Financial income75/76B | - | - | - | €0 | €119 | €72 | €116 | €52 | ▼ 55.3% |
| Recurring financial income75 | €0 | €11 | €332 | €0 | €119 | €72 | €116 | €52 | ▼ 55.3% |
| Financial charges65/66B | - | - | - | €9,030 | €8,931 | €10,380 | €13,087 | €11,497 | ▼ 12.2% |
| Recurring financial charges65 | €11,660 | €6,581 | €9,069 | €9,030 | €8,931 | €10,380 | €13,087 | €11,497 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €20,097 | -€5,617 | -€10,858 | €41,721 | €66,669 | €26,330 | -€23,657 | €49,100 | - |
| Income taxes67/77 | €6,589 | €210 | €183 | €10,694 | €20,524 | €9,260 | €204 | €8,178 | ▲ 40× |
| Profit (loss) for the period9904 | €13,508 | -€5,827 | -€11,040 | €31,027 | €46,145 | €17,070 | -€23,860 | €40,922 | - |
| Profit (loss) for the period to be appropriated9905 | €13,508 | -€5,827 | -€11,040 | €31,027 | €46,145 | €17,070 | -€23,860 | €40,922 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €425,348 | €393,971 | €388,277 | €427,031 | €447,917 | €443,112 | €380,293 | €422,288 | ▲ 11.0% |
| Fixed assets21/28 | €343,971 | €309,279 | €274,587 | €294,519 | €306,190 | €295,215 | €262,925 | €234,474 | ▼ 10.8% |
| Tangible fixed assets22/27 | €343,941 | €309,249 | €274,557 | €294,489 | €306,160 | €295,185 | €262,895 | €234,444 | ▼ 10.8% |
| Land and buildings22 | - | - | - | €7,144 | €6,703 | €6,262 | €5,822 | €226,411 | ▲ 39× |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,027 | €657 | ▼ 36.0% |
| Furniture and vehicles24 | - | - | - | €7,251 | - | €9,431 | €8,404 | €7,376 | ▼ 12.2% |
| Leasing and similar rights25 | - | - | - | €280,094 | €299,457 | €279,491 | €247,643 | €0 | ▼ 100% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €81,377 | €84,693 | €113,691 | €132,512 | €141,728 | €147,897 | €117,369 | €187,813 | ▲ 60.0% |
| Amounts receivable within one year40/41 | €21,580 | €5,379 | €23,643 | €22,313 | €73,953 | €24,860 | €56,972 | €43,589 | ▼ 23.5% |
| Trade receivables40 | - | - | - | €22,304 | €73,928 | €24,832 | €40,126 | €24,971 | ▼ 37.8% |
| Other amounts receivable41 | - | - | - | €9 | €25 | €28 | €16,846 | €18,618 | ▲ 10.5% |
| Current investments50/53 | - | €51,363 | €1,671 | €1,671 | €1,671 | €1,700 | €6,312 | €19,551 | ▲ 210% |
| Cash at bank and in hand54/58 | €58,960 | €27,114 | €87,877 | €106,709 | €65,327 | €119,773 | €52,289 | €123,315 | ▲ 136% |
| Deferred charges and accrued income490/1 | - | - | - | €1,819 | €776 | €1,565 | €1,795 | €1,358 | ▼ 24.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €425,348 | €393,971 | €388,277 | €427,031 | €447,917 | €443,112 | €380,293 | €422,288 | ▲ 11.0% |
| Equity10/15 | €164,911 | €159,084 | €148,044 | €179,071 | €200,964 | €201,427 | €164,058 | €204,980 | ▲ 24.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €146,311 | €146,311 | €146,311 | €160,471 | €182,364 | €182,827 | €169,318 | €186,380 | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €158,611 | €182,364 | €182,827 | €169,318 | €186,380 | ▲ 10.1% |
| Profit (loss) carried forward14 | - | -€5,827 | -€16,867 | - | - | €0 | -€23,860 | €0 | - |
| Amounts payable17/49 | €260,437 | €234,887 | €240,233 | €247,959 | €246,954 | €241,685 | €216,236 | €217,307 | ▲ 0.5% |
| Amounts payable after more than one year17 | €149,333 | €135,333 | €121,333 | €107,333 | €93,333 | €79,333 | €65,333 | €51,333 | ▼ 21.4% |
| Financial debts170/4 | - | - | - | €107,333 | €93,333 | €79,333 | €65,333 | €51,333 | ▼ 21.4% |
| Amounts payable within one year42/48 | €105,759 | €99,418 | €108,543 | €128,620 | €141,374 | €150,710 | €141,684 | €139,440 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Trade debts44 | €8,378 | - | €1,396 | €2,827 | €1,171 | €6,224 | €2,808 | €1,871 | ▼ 33.4% |
| Suppliers440/4 | - | - | - | €2,827 | €1,171 | €6,224 | €2,808 | €1,871 | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | - | - | €15,236 | €20,633 | €15,214 | €9,260 | €12,774 | ▲ 37.9% |
| Taxes450/3 | - | - | - | €15,236 | €17,919 | €15,214 | €9,260 | €9,827 | ▲ 6.1% |
| Remuneration and social security454/9 | - | - | - | - | €2,714 | €0 | - | €2,947 | - |
| Other amounts payable47/48 | - | - | - | €96,556 | €105,571 | €115,271 | €115,615 | €110,794 | ▼ 4.2% |
| Accrued charges and deferred income492/3 | - | - | - | €12,007 | €12,246 | €11,643 | €9,219 | €26,535 | ▲ 188% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,508 | -€5,827 | -€11,040 | €31,027 | €46,145 | €17,070 | -€23,860 | €40,922 | - |
| + Depreciation and write-downs630 | €34,982 | €34,692 | €34,692 | €34,903 | €37,842 | €33,652 | €33,400 | €33,753 | ▲ 1.1% |
| Operating cash flow (approximation) | €48,490 | €28,865 | €23,652 | €65,930 | €83,987 | €50,722 | €9,540 | €74,675 | ▲ 683% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€54,835 | -€49,513 | -€22,677 | -€1,110 | -€5,303 | ▼ 378% |
| Change in cash | - | -€31,846 | €60,763 | €18,833 | -€41,382 | €54,446 | -€67,484 | €71,025 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DAGIT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DAGIT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DAGIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00290591 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00479477 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00451142 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00417500 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20394112 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43300555 | |
| 31-12-2019 | micro format | 14-07-2020 | 2020-31500054 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-21100387 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-31200092 | |
| 31-12-2016 | micro format | 18-07-2017 | 2017-33300483 |