Checked.be
Active
BE 0837.546.203Private limited company (pre-2019)
Dao Systems
Rue René-Gobert, Ligny 1 ·5140 Sombreffe, Belgium· 15 yrs active
Sector: Manufacture of fabricated metal products, except machinery and equipment
(25620)
Conclusion
Dao Systems has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €740k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 30% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €740k |
| Net result | €2k |
| Staff (FTE) | 9 |
| Better than sector | 30% |
Financial profile
59
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
61
Profitability
1
Solvency
57
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
61
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€45k
estimate, not credit advice
Score history
63
2021
84
2022
55
2023
64
2024
61
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.44 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.47 (< 0.6)
-5
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 4.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.3% | 46.2% | |
| Net result | €2k | €45k | |
| Equity | €740k | €467k | |
| Gross operating margin | €648k | €453k | |
| Staff costs | €428k | €352k |
€198k
-23.1%
21-25
€2k
-83.2%
21-25
€136k
-22.0%
21-25
€2.52M
-18.4%
21-25
€740k
+0.1%
21-25
€572k
+3.2%
21-25
9
-14.3%
21-25
€428k
-8.4%
21-25
€16k
-22.6%
21-25
€1.72M
-24.9%
21-25
€1.29M
-23.3%
21-25
€434k
-29.3%
21-25
1.44
+8.6%
21-25
0.47
-25.5%
21-25
29.3%
+22.6%
21-25
2.33
-25.0%
21-25
0.2%
-83.3%
21-25
0.1%
-79.5%
21-25
4.01
+7.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €198k | €258k | €214k | €312k | €130k |
| Net profit | €2k | €9k | €-3k | €71k | €-61k |
| Cash flow | €136k | €174k | €153k | €257k | €91k |
| Staff costs | €428k | €467k | €522k | €388k | €359k |
| Income taxes | €16k | €21k | €15k | €21k | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €2.52M | €3.09M | €2.53M | €2.53M | €2.43M |
| Equity | €740k | €739k | €730k | €734k | €664k |
| Debt | €1.72M | €2.29M | €1.74M | €1.73M | €1.71M |
| of which ≤ 1y | €1.29M | €1.68M | €995k | €841k | €707k |
| of which > 1y | €434k | €613k | €739k | €875k | €999k |
| Working capital | €572k | €554k | €585k | €718k | €688k |
| Employees (FTE) | 9.0 | 10.5 | 10.7 | 8.2 | 9.3 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.44 | 1.33 | 1.59 | 1.85 | 1.97 |
| Quick ratio | 0.47 | 0.63 | 0.73 | 1.12 | 1.24 |
| Working capital ratio | 22.7% | 17.9% | 23.2% | 28.4% | 28.4% |
| Solvency | 29.3% | 23.9% | 28.9% | 29.0% | 27.4% |
| Debt / equity | 2.33 | 3.10 | 2.38 | 2.35 | 2.57 |
| Long-term debt ratio | 0.59 | 0.83 | 1.01 | 1.19 | 1.51 |
| Interest coverage | 4.01 | 3.73 | 4.23 | 7.65 | 3.15 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.1% | 0.3% | -0.1% | 2.8% | -2.5% |
| ROE | 0.2% | 1.2% | -0.4% | 9.7% | -9.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.52M | €3.09M | €2.53M | €2.53M | €2.43M |
| Fixed assets | 21/28 | €663k | €858k | €946k | €969k | €1.03M |
| Intangible fixed assets | 21 | €535 | €1k | €0 | €2k | €4k |
| Tangible fixed assets | 22/27 | €655k | €850k | €939k | €961k | €1.02M |
| Financial fixed assets | 28 | €7k | €7k | €7k | €7k | €2k |
| Current assets | 29/58 | €1.86M | €2.23M | €1.58M | €1.56M | €1.40M |
| Stocks & contracts in progress | 3 | €1.26M | €1.18M | €858k | €614k | €520k |
| Amounts receivable within one year | 40/41 | €492k | €902k | €647k | €709k | €694k |
| Investments | 50/53 | €1k | €1k | €1k | €1k | €1k |
| Cash & bank | 54/58 | €19k | €57k | €5k | €185k | €141k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.52M | €3.09M | €2.53M | €2.53M | €2.43M |
| Equity | 10/15 | €740k | €739k | €730k | €734k | €664k |
| Contributions / capital | 10/11 | €22k | €22k | €22k | €19k | €19k |
| Reserves | 13 | €144k | €144k | €144k | €148k | €148k |
| Accumulated profits (losses) | 14 | €566k | €565k | €556k | €559k | €488k |
| Provisions & deferred taxes | 16 | €62k | €60k | €59k | €69k | €55k |
| Amounts payable | 17/49 | €1.72M | €2.29M | €1.74M | €1.73M | €1.71M |
| Amounts payable after one year | 17 | €434k | €613k | €739k | €875k | €999k |
| Amounts payable within one year | 42/48 | €1.29M | €1.68M | €995k | €841k | €707k |
| Trade debts payable within one year | 44 | €239k | €544k | €193k | €265k | €132k |
| Income statement | ||||||
| Gross operating margin | 9900 | €648k | €755k | €766k | €740k | €516k |
| Operating result | 9901 | €64k | €93k | €57k | €126k | €-22k |
| Financial income | 75 | €3k | €6k | €5k | €7k | €5k |
| Financial charges | 65 | €50k | €69k | €51k | €41k | €41k |
| Result before taxes | 9903 | €18k | €30k | €12k | €92k | €-59k |
| Income taxes | 67/77 | €16k | €21k | €15k | €21k | €2k |
| Net result for the period | 9904 | €2k | €9k | €-3k | €71k | €-61k |
| Result to be appropriated | 9905 | €2k | €9k | €-3k | €71k | €-61k |
Legal Structure
| NACE primary | Manufacture of fabricated metal products, except machinery and equipment(25620) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 04-07-2011 |
| Status | Active |
| Postal code | 5140 |
Establishment units
Hayon groupe Dao Systems
since 20112.244.868.921
Hayon Groupe DAO Systems
since 20222.330.048.876
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92254A0387/00L000 | Wallonia | 5,146 m² | 1 · 152 m² | - |
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of fabricated metal products, except machinery and equipment25620Wholesale trade46841General electrical installation work43211Electrical installation work in industrial facilities43212Joinery installation43320Retail sale of other sporting goods47639Retail trade47640Retail sale of clothing and accessories for women, men, children and babies (general range)47716Beauty treatment96022Beauty care and other beauty treatments96220
Names & trade names
| Legal nameFR | Dao Systems |
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