DANCOBAEA
ActiveSummary
DANCOBAEA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,084 and a net result of €45,599. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+68
Solvency62▼-38
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 14.14 in 2024; short-term debt: 62.6% and cash: 16.9% of total assets), but 63.4% of the assets are financed with debt.
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Signals
Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
27 d late
2021
30 d late
2020
28 d late
2019
28 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 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€130,084▼ 51.5%
2024 · €268,015
Total assets
€355,324▲ 22.6%
2024 · €289,843
Net result
€45,599
2024 · -€5,195
Working capital
€117,370▼ 52.3%
2024 · €246,170
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,067-€30,241-€18,326▲ 39.4%-€101,262▼ 453%€58,363
Net result€24,411within the sector's middle half€4,897within the sector's middle half▼ 79.9%-€91,496below the sector's middle half-€5,195within the sector's middle half▲ 94.3%€45,599above the sector's middle half
Equity€359,809above the sector's middle half▲ 7.3%€364,706above the sector's middle half▲ 1.4%€273,210within the sector's middle half▼ 25.1%€268,015within the sector's middle half▼ 1.9%€130,084within the sector's middle half▼ 51.5%
Total assets€386,776within the sector's middle half▲ 1.3%€413,326within the sector's middle half▲ 6.9%€312,440within the sector's middle half▼ 24.4%€289,843within the sector's middle half▼ 7.2%€355,324within the sector's middle half▲ 22.6%
Debt€26,967▼ 41.8%€48,620▲ 80.3%€39,230▼ 19.3%€21,828▼ 44.4%€225,240▲ 932%
Working capital€231,684above the sector's middle half▲ 14.0%€242,376above the sector's middle half▲ 4.6%€233,338above the sector's middle half▼ 3.7%€246,170above the sector's middle half▲ 5.5%€117,370above the sector's middle half▼ 52.3%
Solvency93.0%above the sector's middle half▲ 5.2pp88.2%above the sector's middle half▼ 4.8pp87.4%above the sector's middle half▼ 0.8pp92.5%above the sector's middle half▲ 5.0pp36.6%within the sector's middle half▼ 55.9pp
Current ratio10.61above the sector's middle half▲ 4.946.31above the sector's middle half▼ 4.297.50above the sector's middle half▲ 1.1914.14above the sector's middle half▲ 6.631.53within the sector's middle half▼ 12.61
Return on assets (ROA)6.3%within the sector's middle half▲ 7.8pp1.2%within the sector's middle half▼ 5.1pp-29.3%below the sector's middle half▼ 30.5pp-1.8%within the sector's middle half▲ 27.5pp12.8%above the sector's middle half▲ 14.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €58,363 after a loss of €101,262 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355,324
Fixed assets
€15,581 ▼ 37.5%
Current assets
€339,744 ▲ 28.2%
Equity and liabilities €355,324
Equity
€130,084 ▼ 51.5%
Debt
€225,240 ▲ 932%
Debt's share of the balance-sheet total rises from 7.5% to 63.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67,716▲
2024 · -€91,910
Cash flow
€54,952▲
2024 · €4,158
Debt to equity
1.73▲
2024 · 0.08
ROE
35.1%▲
2024 · -1.9%
Interest coverage
68.11▲
2024 · -24.94
Debt ≤ 1 year
€222,373▲
2024 · €18,740
Income taxes
€26,704▲
2024 · €716
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,672 | €5,637 | €7,895 | €9,353 | €9,353 | = |
| Other operating charges640/8 | - | €2,199 | €2,209 | €2,199 | €2,172 | ▼ 1.2% |
| Non-recurring operating charges66A | - | €10,200 | - | €87,000 | - | - |
| Gross operating margin9900 | €42,714 | -€12,205 | -€8,222 | -€2,711 | €69,888 | ▲ 2,678% |
| Operating profit (loss)9901 | €35,067 | -€30,241 | -€18,326 | -€101,262 | €58,363 | ▲ 158% |
| Financial income75/76B | - | €43,969 | €18,144 | €100,469 | €14,934 | ▼ 85.1% |
| Recurring financial income75 | €3,914 | €33,769 | €18,144 | €13,469 | €14,934 | ▲ 10.9% |
| Non-recurring financial income76B | - | €10,200 | - | €87,000 | - | - |
| Financial charges65/66B | - | €3,653 | €90,666 | €3,685 | €994 | ▼ 73.0% |
| Recurring financial charges65 | €2,993 | €3,653 | €3,666 | €3,685 | €994 | ▼ 73.0% |
| Non-recurring financial charges66B | - | - | €87,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €35,988 | €10,074 | -€90,848 | -€4,478 | €72,303 | ▲ 1,714% |
| Income taxes67/77 | €11,577 | €5,177 | €648 | €716 | €26,704 | ▲ 3,628% |
| Profit (loss) for the period9904 | €24,411 | €4,897 | -€91,496 | -€5,195 | €45,599 | ▲ 978% |
| Profit (loss) for the period to be appropriated9905 | €24,411 | €4,897 | -€91,496 | -€5,195 | €45,599 | ▲ 978% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,776 | €413,326 | €312,440 | €289,843 | €355,324 | ▲ 22.6% |
| Fixed assets21/28 | €130,977 | €125,340 | €43,214 | €24,933 | €15,581 | ▼ 37.5% |
| Tangible fixed assets22/27 | €35,029 | €29,392 | €34,266 | €24,913 | €15,561 | ▼ 37.5% |
| Land and buildings22 | - | €28,103 | €23,093 | €18,084 | €13,075 | ▼ 27.7% |
| Plant, machinery and equipment23 | - | €53 | - | - | - | - |
| Furniture and vehicles24 | - | €1,237 | €11,173 | €6,829 | €2,486 | ▼ 63.6% |
| Financial fixed assets28 | €95,948 | €95,948 | €8,948 | €20 | €20 | = |
| Current assets29/58 | €255,799 | €287,986 | €269,226 | €264,910 | €339,744 | ▲ 28.2% |
| Amounts receivable after more than one year29 | - | €32,686 | €30,629 | €28,469 | €26,202 | ▼ 8.0% |
| Other amounts receivable291 | - | €32,686 | €30,629 | €28,469 | €26,202 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €219,565 | €253,069 | €236,864 | €234,712 | €251,967 | ▲ 7.4% |
| Trade receivables40 | - | €9,632 | €6,270 | €14,450 | €23,140 | ▲ 60.1% |
| Other amounts receivable41 | - | €243,437 | €230,593 | €220,262 | €228,827 | ▲ 3.9% |
| Cash at bank and in hand54/58 | €20 | €20 | €20 | €20 | €59,907 | ▲ 297,650% |
| Deferred charges and accrued income490/1 | - | €2,211 | €1,713 | €1,709 | €1,667 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,776 | €413,326 | €312,440 | €289,843 | €355,324 | ▲ 22.6% |
| Equity10/15 | €359,809 | €364,706 | €273,210 | €268,015 | €130,084 | ▼ 51.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €353,609 | €358,506 | €267,010 | €261,815 | €123,884 | ▼ 52.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Own shares acquired1312 | - | - | - | €1,860 | - | - |
| Distributable reserves133 | - | €356,646 | €265,150 | €259,955 | €123,884 | ▼ 52.3% |
| Amounts payable17/49 | €26,967 | €48,620 | €39,230 | €21,828 | €225,240 | ▲ 932% |
| Amounts payable within one year42/48 | €24,114 | €45,610 | €35,888 | €18,740 | €222,373 | ▲ 1,087% |
| Financial debts43 | - | €26,859 | €27,669 | €14,638 | - | - |
| Credit institutions430/8 | - | €26,859 | €27,669 | €14,638 | - | - |
| Trade debts44 | €4,763 | €8,574 | €2,431 | €1,292 | €4,114 | ▲ 218% |
| Suppliers440/4 | - | €8,574 | €2,431 | €1,292 | €4,114 | ▲ 218% |
| Taxes, remuneration and social security45 | - | €10,177 | €5,787 | €2,810 | €34,728 | ▲ 1,136% |
| Taxes450/3 | - | €10,177 | €5,787 | €2,810 | €34,728 | ▲ 1,136% |
| Other amounts payable47/48 | - | - | - | - | €183,531 | - |
| Accrued charges and deferred income492/3 | - | €3,010 | €3,342 | €3,088 | €2,867 | ▼ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,411 | €4,897 | -€91,496 | -€5,195 | €45,599 | ▲ 978% |
| + Depreciation and write-downs630 | €5,672 | €5,637 | €7,895 | €9,353 | €9,353 | = |
| Operating cash flow (approximation) | €30,084 | €10,535 | -€83,601 | €4,158 | €54,952 | ▲ 1,222% |
| Investment in fixed assets (approximation) | - | €0 | €74,231 | €8,928 | €0 | ▼ 100% |
| Change in cash | - | €0 | €0 | €0 | €59,887 | - |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €45,599
Net result €45,599 after 2 loss-making years.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet -€91,496
Net result drops to -€91,496, the lowest in the series; recovery starts the following year.
2022
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Back to profitnet €24,411
Net result €24,411 after one loss-making year.
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2003
Ground area
333 m²
Building footprint
116 m²
Volume, LiDAR
674 m³
Parcel 11382C0132/00Z000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dancobaea
since 20032.133.514.208
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0132/00Z000 | Flanders | 333 m² | 1 · 116 m² | 10.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2023 list no shareholders, and no other source names one.
Holdings 1
-
48%
According to the annual accounts to 31-03-2023 of DANCOBAEA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2003
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860586374
Also
9925:BE0860586374
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.