DAO Project
ActiveDAO Project has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668k and a net result of €126k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 9380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.14 against 20.22 in 2024), and 29.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
70.3%
Return on assets
13.2%
Age of the figures
8 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
73 d early
2023
54 d early
2022
17 d early
2021
94 d early
2021
35 d early
2020
2 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€668k▼ 14.0%
2024 · €777k
2019: €348k
2020: €347k
2021: €354k
2021: €356k
2022: €345k
2023: €441k
2024: €777k
2019 → 2025
Total assets
€951k▲ 16.4%
2024 · €817k
2019: €435k
2020: €431k
2021: €432k
2021: €432k
2022: €491k
2023: €496k
2024: €817k
2019 → 2025
Net result
€126k▼ 62.6%
2024 · €336k
2019: €26k
2020: €-928
2021: €7k
2021: €3k
2022: €74k
2023: €96k
2024: €336k
2019 → 2025
Working capital
€605k▼ 20.5%
2024 · €761k
2019: €-48k
2020: €-51k
2021: €-54k
2021: €-55k
2022: €-91k
2023: €223
2024: €761k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€356k-€345k▼ 3.1%€441k▲ 27.8%€777k▲ 76.2%€668k▼ 14.0%
Operating result€4k-€42k▲ 881%€42k▼ 0.5%€274k▲ 554%€61k▼ 77.7%
Net result€3k-€74k▲ 2,821%€96k▲ 30.1%€336k▲ 250%€126k▼ 62.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €951k
Fixed assets
€64k▲ 291%
Current assets
€887k▲ 10.8%
Equity and liabilities €951k
Equity
€668k▼ 14.0%
Debt
€282k▲ 613%
The debt ratio rises from 4.8% to 29.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€77k▼
2024 · €281k
Cash flow
€141k▼
2024 · €342k
Solvency
70.3%▼
2024 · 95.2%
Current ratio
3.14▼
2024 · 20.22
Quick ratio
3.14▼
2024 · 20.22
Debt / equity
0.42▲
2024 · 0.05
ROE
18.8%▼
2024 · 43.2%
ROA
13.2%▼
2024 · 41.1%
Interest coverage
878.96▲
2024 · 113.42
Debt
€282k▲
2024 · €40k
Debt ≤ 1 year
€282k▲
2024 · €40k
Income taxes
€13k▼
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€817k€951k▲
Fixed assets21/28€16k€64k▲
Tangible fixed assets22/27€15k€62k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€7k€57k▲
Financial fixed assets28€2k€2k=
Current assets29/58€800k€887k▲
Amounts receivable after more than one year29-€79k
Trade receivables290-€79k
Amounts receivable within one year40/41€43k€89k▲
Trade receivables40€6k€3k▼
Other amounts receivable41€37k€86k▲
Current investments50/53-€605k
Cash at bank and in hand54/58€758k€112k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€817k€951k▲
Equity10/15€777k€668k▼
Contributions10/11€25k€25k=
Reserves13€752k€643k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€750k€641k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€40k€282k▲
Amounts payable within one year42/48€40k€282k▲
Trade debts44€1k€848▼
Suppliers440/4€1k€848▼
Taxes, remuneration and social security45€38k€47k▲
Taxes450/3€38k€43k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48-€234k
Income statement
Code20242025
Non-recurring operating income76A€255k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€16k▲
Other operating charges640/8€496€654▲
Gross operating margin9900€281k€77k▼
Operating profit (loss)9901€274k€61k▼
Financial income75/76B€102k€77k▼
Recurring financial income75€102k€77k▼
Financial charges65/66B€2k€87▼
Recurring financial charges65€2k€87▼
Profit (loss) for the period before taxes9903€374k€138k▼
Income taxes67/77€38k€13k▼
Profit (loss) for the period9904€336k€126k▼
Profit (loss) for the period to be appropriated9905€336k€126k▼
Appropriation of the result
Profit (loss) to be appropriated9906€336k€126k▼
Transfer from equity791/2-€234k
Transfer to equity691/2€336k€126k▼
To other reserves6921€336k€126k▼
Profit to be distributed694/7-€234k
Return on contributions (dividend)694-€234k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €336k ▲250%
Operating result €274k, net result €336k, both a record.
31-12
Financial
Liquidity times 20current ratio 20.22
Current ratio from 1.00 to 20.22; short-term debt falls from €55k to €40k.
31-12
Financial
Equity above €500kEq €777k ▲76.2%
5 profitable years in a row build equity to €777k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.00
Current ratio from 0.35 to 1.00; short-term debt falls from €141k to €55k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Weakest financial yearnet €-928 ▼104%
Net result drops to €-928, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Theux · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Les Cours 2544910 TheuxGround area
1,216 m²
Building footprint
159 m²
Volume, LiDAR
889 m³
Parcel 63044B1191/00F000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DAO Project SPRLU
since 20102.191.178.233
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63044B1191/00F000 | Wallonia | 1,216 m² | 1 · 159 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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FÖHRENBACH APPLICATION TOOLING
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InstruEnergy International
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JAVAHO
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Of 11,505 companies in sector 71121 we hold annual accounts for 6,524. 4,009 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2010
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.