DAREV
ActiveFinancials · financial year 2023, full format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 11-09-2024 PDF all 3 filings
Turnover
€136,810▲ 185%
2021 · €47,958
EBIT margin
7.1%▼ 19.5pp
2021 · 26.6%
Net result
€2,076▼ 70.8%
2022 · €7,100
Working capital
-€13,492
2022 · €9,764
Multi-year overview
2021 to 2023, 3 financial yearsTurnover
no figure
2023
20212023
Operating result
€3,888
▼ 60.0%
2023
20212023
Net result
€2,076
▼ 70.8%
2023
lowest quarter of the sector
20212023
EBIT margin
no figure
2023
20212023
Equity
€20,236
▲ 11.4%
2023
lowest quarter of the sector
20212023
Total assets
€133,565
▲ 139%
2023
lowest quarter of the sector
20212023
Debt
€113,329
▲ 200%
2023
20212023
Working capital
-€13,492
2023
lowest quarter of the sector
20212023
Solvency
15.2%
▼ 17.3pp
2023
lowest quarter of the sector
20212023
Current ratio
0.83
▼ 0.43
2023
lowest quarter of the sector
20212023
Return on assets (ROA)
1.6%
▼ 11.1pp
2023
middle half of the sector
20212023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Turnover€47,958-€136,810▲ 185%
Operating result€12,760-€9,715▼ 23.9%€3,888▼ 60.0%
Net result€10,060within the sector's middle half-€7,100within the sector's middle half▼ 29.4%€2,076below the sector's middle half▼ 70.8%
EBIT margin26.6%-7.1%▼ 19.5pp
Equity€11,060below the sector's middle half-€18,160below the sector's middle half▲ 64.2%€20,236below the sector's middle half▲ 11.4%
Total assets€19,639below the sector's middle half-€55,926below the sector's middle half▲ 185%€133,565below the sector's middle half▲ 139%
Debt€8,579-€37,766▲ 340%€113,329▲ 200%
Working capital€6,110below the sector's middle half-€9,764below the sector's middle half▲ 59.8%-€13,492below the sector's middle half
Solvency56.3%within the sector's middle half-32.5%within the sector's middle half▼ 23.8pp15.2%below the sector's middle half▼ 17.3pp
Current ratio1.71within the sector's middle half-1.26within the sector's middle half▼ 0.450.83below the sector's middle half▼ 0.43
Return on assets (ROA)51.2%above the sector's middle half-12.7%above the sector's middle half▼ 38.5pp1.6%within the sector's middle half▼ 11.1pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2023 is 60% lower than in 2022 and the lowest since 2021. It is the second fall in a row.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €133,565
Fixed assets
€68,728 ▲ 719%
Current assets
€64,837 ▲ 36.4%
Equity and liabilities €133,565
Equity
€20,236 ▲ 11.4%
Debt
€113,329 ▲ 200%
Debt's share of the balance-sheet total rises from 67.5% to 84.8%. Equity and debt are higher.
Key figures and ratios
Debt to equity
5.60▲
2022 · 2.08
ROE
10.3%▼
2022 · 39.1%
Debt ≤ 1 year
€78,329▲
2022 · €37,766
Debt > 1 year
€35,000
Income taxes
€800
Staff costs
€35,948▲
2022 · €2,545
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €6,700 | €3,446 | €60,332 |
| Depreciation and write-downs of the year | €1,750 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €47,958 | €136,810 | - | - |
| Non-recurring operating income76A | - | €28 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €32,597 | €121,057 | - | - |
| Remuneration, social security and pensions62 | - | €2,545 | €35,948 | ▲ 14× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,750 | - | - | - |
| Other operating charges640/8 | €851 | €3,521 | €1,040 | ▼ 70.5% |
| Gross operating margin9900 | €15,361 | €15,781 | €40,876 | ▲ 159% |
| Operating profit (loss)9901 | €12,760 | €9,715 | €3,888 | ▼ 60.0% |
| Financial charges65/66B | - | €2,615 | €1,012 | ▼ 61.3% |
| Recurring financial charges65 | - | €2,615 | €1,012 | ▼ 61.3% |
| Profit (loss) for the period before taxes9903 | €12,760 | €7,100 | €2,876 | ▼ 59.5% |
| Income taxes67/77 | €2,700 | - | €800 | - |
| Profit (loss) for the period9904 | €10,060 | €7,100 | €2,076 | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €10,060 | €7,100 | €2,076 | ▼ 70.8% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,639 | €55,926 | €133,565 | ▲ 139% |
| Fixed assets21/28 | €4,950 | €8,396 | €68,728 | ▲ 719% |
| Tangible fixed assets22/27 | €4,950 | €8,396 | €68,728 | ▲ 719% |
| Plant, machinery and equipment23 | - | - | €5,332 | - |
| Furniture and vehicles24 | €4,950 | €8,396 | €63,396 | ▲ 655% |
| Current assets29/58 | €14,689 | €47,530 | €64,837 | ▲ 36.4% |
| Amounts receivable within one year40/41 | €11,356 | €35,328 | €55,847 | ▲ 58.1% |
| Trade receivables40 | €9,213 | €23,106 | €42,962 | ▲ 85.9% |
| Other amounts receivable41 | €2,143 | €12,222 | €12,885 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €3,333 | €12,202 | €8,990 | ▼ 26.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,639 | €55,926 | €133,565 | ▲ 139% |
| Equity10/15 | €11,060 | €18,160 | €20,236 | ▲ 11.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Contributions outside capital11 | - | €1,000 | €1,000 | = |
| Other1109/19 | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €10,060 | €17,160 | €19,236 | ▲ 12.1% |
| Amounts payable17/49 | €8,579 | €37,766 | €113,329 | ▲ 200% |
| Amounts payable after more than one year17 | - | - | €35,000 | - |
| Financial debts170/4 | - | - | €35,000 | - |
| Amounts payable within one year42/48 | €8,579 | €37,766 | €78,329 | ▲ 107% |
| Current portion of amounts payable after more than one year42 | - | - | €10,071 | - |
| Trade debts44 | €1,724 | €29,238 | €25,695 | ▼ 12.1% |
| Suppliers440/4 | €1,724 | €29,238 | €25,695 | ▼ 12.1% |
| Taxes, remuneration and social security45 | €2,700 | €7,068 | €12,195 | ▲ 72.5% |
| Taxes450/3 | €2,700 | €7,068 | €1,868 | ▼ 73.6% |
| Remuneration and social security454/9 | - | - | €10,327 | - |
| Other amounts payable47/48 | €4,155 | €1,460 | €30,368 | ▲ 21× |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,060 | €7,100 | €2,076 | ▼ 70.8% |
| + Depreciation and write-downs630 | €1,750 | - | - | - |
| Operating cash flow (approximation) | €11,810 | €7,100 | €2,076 | ▼ 70.8% |
| Investment in fixed assets (approximation) | - | -€3,446 | -€60,332 | ▼ 1,651% |
| Change in cash | - | €8,869 | -€3,212 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.