DANFAG
ActiveSummary
DANFAG has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €941k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 86% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.69 in 2024; short-term debt: 10.1% and cash: 5.8% of total assets), and 10.5% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
89.5%
Return on assets
0.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-01-2026, 94 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
94 d early
2024
69 d early
2023
96 d early
2022
87 d early
2021
93 d early
2020
98 d early
2019
97 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€941k▼ 3.0%
2024 · €971k
2018: €929klowest in 8 years
2019: €933k▲ +0.5% vs 2018
2020: €945k▲ +1.3% vs 2019
2021: €957k▲ +1.3% vs 2020
2022: €958k▲ +0.1% vs 2021
2023: €958k● +0.0% vs 2022
2024: €971k▲ +1.3% vs 2023highest in 8 years
2025: €941k▼ -3.0% vs 2024
2018 → 2025
Total assets
€1.05M=
2024 · €1.05M
2018: €954k
2019: €939k▼ -1.6% vs 2018lowest in 8 years
2020: €950k▲ +1.2% vs 2019
2021: €967k▲ +1.7% vs 2020
2022: €1.04M▲ +7.1% vs 2021
2023: €1.04M▲ +0.3% vs 2022
2024: €1.05M▲ +1.4% vs 2023highest in 8 years
2025: €1.05M● -0.0% vs 2024
2018 → 2025
Net result
€6k▼ 49.9%
2024 · €12k
2018: €6k
2019: €5k▼ -30.4% vs 2018
2020: €12k▲ +163% vs 2019
2021: €12k▲ +4.8% vs 2020highest in 8 years
2022: €620▼ -95.0% vs 2021
2023: €323▼ -48.0% vs 2022lowest in 8 years
2024: €12k▲ +3719% vs 2023
2025: €6k▼ -49.9% vs 2024
2018 → 2025
Working capital
€-41k▼ 78.0%
2024 · €-23k
2018: €-4k
2019: €8k▲ +289% vs 2018
2020: €22k▲ +183% vs 2019
2021: €36k▲ +59.9% vs 2020highest in 8 years
2022: €-65k▼ -280% vs 2021lowest in 8 years
2023: €-50k▲ +21.9% vs 2022
2024: €-23k▲ +53.8% vs 2023
2025: €-41k▼ -78.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€957k-€958k▲ 0.1%€958k=€971k▲ 1.3%€941k▼ 3.0%
2021: €957k
2022: €958k▲ +0.1% vs 2021
2023: €958k● +0.0% vs 2022
2024: €971k▲ +1.3% vs 2023highest in 5 years
2025: €941k▼ -3.0% vs 2024lowest in 5 years
Operating result€19k-€2k▼ 89.6%€5k▲ 137%€25k▲ 447%€14k▼ 44.1%
2021: €19k
2022: €2k▼ -89.6% vs 2021lowest in 5 years
2023: €5k▲ +137% vs 2022
2024: €25k▲ +447% vs 2023highest in 5 years
2025: €14k▼ -44.1% vs 2024
Net result€12k-€620▼ 95.0%€323▼ 48.0%€12k▲ 3,719%€6k▼ 49.9%
2021: €12khighest in 5 years
2022: €620▼ -95.0% vs 2021
2023: €323▼ -48.0% vs 2022lowest in 5 years
2024: €12k▲ +3719% vs 2023
2025: €6k▼ -49.9% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€988k ▼ 1.2%
Current assets
€64k ▲ 22.3%
Equity and liabilities €1.05M
Equity
€941k ▼ 3.0%
Debt
€111k ▲ 35.4%
Debt's share of the balance-sheet total rises from 7.8% to 10.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2024 · €37k
Cash flow
€18k▼
2024 · €24k
Current ratio
0.61▼
2024 · 0.69
Debt to equity
0.12▲
2024 · 0.08
ROE
0.7%▼
2024 · 1.3%
ROA
0.6%▼
2024 · 1.2%
Interest coverage
5.33▼
2024 · 6.36
Debt ≤ 1 year
€106k▲
2024 · €76k
Income taxes
€3k▼
2024 · €7k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.05M=
Fixed assets21/28€1,000k€988k▼
Tangible fixed assets22/27€82k€70k▼
Plant, machinery and equipment23€1k€338▼
Furniture and vehicles24€81k€70k▼
Financial fixed assets28€918k€918k=
Current assets29/58€53k€64k▲
Amounts receivable within one year40/41€3€3k▲
Trade receivables40€3-
Other amounts receivable41-€3k
Cash at bank and in hand54/58€53k€62k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.05M=
Equity10/15€971k€941k▼
Contributions10/11€918k€918k=
Reserves13€53k€24k▼
Distributable reserves133€53k€24k▼
Amounts payable17/49€82k€111k▲
Amounts payable within one year42/48€76k€106k▲
Trade debts44€968€2k▲
Suppliers440/4€968€2k▲
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€9k€4k▼
Other amounts payable47/48€66k€101k▲
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€39k€27k▼
Operating profit (loss)9901€25k€14k▼
Financial income75/76B-€174
Recurring financial income75-€174
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€19k€9k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€12k€6k▼
Profit (loss) for the period to be appropriated9905€12k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€6k▼
Transfer from equity791/2-€35k
Transfer to equity691/2€12k€6k▼
To other reserves6921€12k€6k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €6k | €12k | €12k | €12k | ▼ 0.4% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €2k | ▲ 2.0% |
| Gross operating margin9900 | €21k | €10k | €18k | €39k | €27k | ▼ 28.8% |
| Operating profit (loss)9901 | €19k | €2k | €5k | €25k | €14k | ▼ 44.1% |
| Financial income75/76B | - | - | - | - | €174 | - |
| Recurring financial income75 | €10 | - | - | - | €174 | - |
| Financial charges65/66B | - | €1k | €4k | €6k | €5k | ▼ 16.6% |
| Recurring financial charges65 | €32 | €1k | €4k | €6k | €5k | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €19k | €902 | €448 | €19k | €9k | ▼ 51.5% |
| Income taxes67/77 | €6k | €281 | €126 | €7k | €3k | ▼ 54.3% |
| Profit (loss) for the period9904 | €12k | €620 | €323 | €12k | €6k | ▼ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €12k | €620 | €323 | €12k | €6k | ▼ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967k | €1.04M | €1.04M | €1.05M | €1.05M | = |
| Fixed assets21/28 | €921k | €1.02M | €1.01M | €1,000k | €988k | ▼ 1.2% |
| Tangible fixed assets22/27 | €4k | €106k | €94k | €82k | €70k | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €4k | €3k | €1k | €338 | ▼ 77.3% |
| Furniture and vehicles24 | - | €102k | €91k | €81k | €70k | ▼ 13.3% |
| Financial fixed assets28 | €918k | €918k | €918k | €918k | €918k | = |
| Current assets29/58 | €45k | €12k | €26k | €53k | €64k | ▲ 22.3% |
| Amounts receivable within one year40/41 | €434 | €7k | €1k | €3 | €3k | ▲ 93,173% |
| Trade receivables40 | - | €10 | €1k | €3 | - | - |
| Other amounts receivable41 | - | €7k | - | - | €3k | - |
| Cash at bank and in hand54/58 | €45k | €5k | €25k | €53k | €62k | ▲ 17.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967k | €1.04M | €1.04M | €1.05M | €1.05M | = |
| Equity10/15 | €957k | €958k | €958k | €971k | €941k | ▼ 3.0% |
| Contributions10/11 | - | €918k | €918k | €918k | €918k | = |
| Reserves13 | €40k | €40k | €41k | €53k | €24k | ▼ 54.8% |
| Non-distributable reserves130/1 | - | €860 | €860 | - | - | - |
| Reserves not available under the articles1311 | - | €860 | €860 | - | - | - |
| Distributable reserves133 | - | €40k | €40k | €53k | €24k | ▼ 54.8% |
| Amounts payable17/49 | €9k | €77k | €80k | €82k | €111k | ▲ 35.4% |
| Amounts payable within one year42/48 | €9k | €76k | €77k | €76k | €106k | ▲ 39.4% |
| Trade debts44 | - | €868 | €960 | €968 | €2k | ▲ 59.0% |
| Suppliers440/4 | - | €868 | €960 | €968 | €2k | ▲ 59.0% |
| Taxes, remuneration and social security45 | - | €3k | €6k | €9k | €4k | ▼ 60.2% |
| Taxes450/3 | - | €2k | €6k | €9k | €4k | ▼ 60.2% |
| Remuneration and social security454/9 | - | €969 | - | - | - | - |
| Other amounts payable47/48 | - | €72k | €70k | €66k | €101k | ▲ 53.2% |
| Accrued charges and deferred income492/3 | - | €993 | €3k | €6k | €5k | ▼ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €620 | €323 | €12k | €6k | ▼ 49.9% |
| + Depreciation and write-downs630 | €1k | €6k | €12k | €12k | €12k | ▼ 0.4% |
| Operating cash flow (approximation) | €13k | €7k | €12k | €24k | €18k | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | €-109k | €0 | €0 | €0 | - |
| Change in cash | - | €-40k | €20k | €28k | €9k | ▼ 67.9% |
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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €323 ▼48%
Net result drops to €323, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €12k ▲4.8%
Net result €12k, the highest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity doublescurrent ratio 5.34
Current ratio from 2.44 to 5.34; short-term debt falls from €5k to €5k.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity triplescurrent ratio 2.44
Current ratio from 0.83 to 2.44; short-term debt falls from €25k to €5k.
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tongeren-Borgloon · 1 establishment unit since 2016
Ground area
225 m²
Building footprint
363 m²
Volume, LiDAR
2,116 m³
Parcel 73347A0051/00T010, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DANFAG
since 20162.262.508.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0051/00T010 | Flanders | 225 m² | 1 · 363 m² | 11.1 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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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,937 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
Founded26-12-2016
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.