Darilo
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-05-2026 PDF all 20 filings
Turnover
€198,605▲ 15.2%
2023 · €172,361
EBIT margin
7.0%▲ 5.4pp
2023 · 1.6%
Net result
-€10,864
2024 · €11,748
Working capital
€5,288▼ 63.5%
2024 · €14,507
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€10,592
2025
20182025
Net result
-€10,864
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€18,851
▼ 36.6%
2025
middle half of the sector
20182025
Total assets
€44,292
▲ 1.6%
2025
lowest quarter of the sector
20182025
Debt
€25,441
▲ 83.0%
2025
20182025
Working capital
€5,288
▼ 63.5%
2025
middle half of the sector
20182025
Solvency
42.6%
▼ 25.6pp
2025
middle half of the sector
20182025
Current ratio
1.21
▼ 0.84
2025
middle half of the sector
20182025
Return on assets (ROA)
-24.5%
▼ 51.5pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€167,053€64,081▼ 61.6%€88,684▲ 38.4%€143,621▲ 61.9%€172,361▲ 20.0%€198,605▲ 15.2%
Operating result-€824-€1,790-€11,171€7,856-€4,784€2,709€13,930▲ 414%-€10,592
Net result-€2,343-€1,284-€11,563within the sector's middle half€9,150within the sector's middle half-€5,566within the sector's middle half€2,317within the sector's middle half€11,748within the sector's middle half▲ 407%-€10,864below the sector's middle half
EBIT margin1.1%-17.4%▼ 18.5pp8.9%▲ 26.3pp-3.3%▼ 12.2pp1.6%▲ 4.9pp7.0%▲ 5.4pp
Equity€22,345-€23,629▲ 5.7%€12,065within the sector's middle half▼ 48.9%€21,215within the sector's middle half▲ 75.8%€15,650within the sector's middle half▼ 26.2%€17,967below the sector's middle half▲ 14.8%€29,715within the sector's middle half▲ 65.4%€18,851within the sector's middle half▼ 36.6%
Total assets€40,596-€34,737▼ 14.4%€27,251below the sector's middle half▼ 21.6%€39,938below the sector's middle half▲ 46.6%€34,891below the sector's middle half▼ 12.6%€24,900below the sector's middle half▼ 28.6%€43,614below the sector's middle half▲ 75.2%€44,292below the sector's middle half▲ 1.6%
Debt€18,252-€11,108▼ 39.1%€15,186▲ 36.7%€18,723▲ 23.3%€19,241▲ 2.8%€6,933▼ 64.0%€13,899▲ 100%€25,441▲ 83.0%
Working capital€15,232-€15,194▼ 0.2%€3,801within the sector's middle half▼ 75.0%€13,120within the sector's middle half▲ 245%€7,725within the sector's middle half▼ 41.1%€10,043within the sector's middle half▲ 30.0%€14,507within the sector's middle half▲ 44.4%€5,288within the sector's middle half▼ 63.5%
Solvency55.0%-68.0%▲ 13.0pp44.3%within the sector's middle half▼ 23.7pp53.1%above the sector's middle half▲ 8.8pp44.9%within the sector's middle half▼ 8.3pp72.2%above the sector's middle half▲ 27.3pp68.1%above the sector's middle half▼ 4.0pp42.6%within the sector's middle half▼ 25.6pp
Current ratio1.91-2.37▲ 0.461.25within the sector's middle half▼ 1.121.70within the sector's middle half▲ 0.451.40within the sector's middle half▼ 0.302.45above the sector's middle half▲ 1.052.04above the sector's middle half▼ 0.401.21within the sector's middle half▼ 0.84
Return on assets (ROA)-5.8%-3.7%▲ 9.5pp-42.4%below the sector's middle half▼ 46.1pp22.9%above the sector's middle half▲ 65.3pp-16.0%below the sector's middle half▼ 38.9pp9.3%within the sector's middle half▲ 25.3pp26.9%above the sector's middle half▲ 17.6pp-24.5%below the sector's middle half▼ 51.5pp
Staff (FTE)0.1-0.1=1below the sector's middle half0.5below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 2025 is a loss of €10,592, after a profit of €13,930 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,292
Fixed assets
€13,563 ▼ 10.8%
Current assets
€30,729 ▲ 8.2%
Equity and liabilities €44,292
Equity
€18,851 ▼ 36.6%
Debt
€25,441 ▲ 83.0%
Debt's share of the balance-sheet total rises from 31.9% to 57.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,946▼
2024 · €14,874
Cash flow
-€9,218▼
2024 · €12,691
Quick ratio
1.07▼
2024 · 1.78
Debt to equity
1.35▲
2024 · 0.47
ROE
-57.6%▼
2024 · 39.5%
Interest coverage
-32.89▼
2024 · 6.81
Debt ≤ 1 year
€25,441▲
2024 · €13,899
Staff costs
€342▼
2024 · €9,719
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | 0 | 0.5 |
| Average over the year, in full-time equivalents | 0.6 | 0.5 |
| On a permanent contract | - | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €8,227 | - |
| Depreciation and write-downs of the year | €170 | €170 | - | €943 | €1,645 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €167,053 | €64,081 | €88,684 | €143,621 | €172,361 | €198,605 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €95,764 | €105,698 | €135,557 | €188,843 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €39 | €55,701 | €48,906 | €9,719 | €342 | ▼ 96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170 | €170 | €170 | €170 | €170 | - | €943 | €1,645 | ▲ 74.4% |
| Other operating charges640/8 | - | - | - | €402 | €967 | €166 | €453 | €2,657 | ▲ 486% |
| Gross operating margin9900 | €6,606 | €9,724 | -€10,731 | €8,467 | €52,054 | €51,781 | €25,046 | -€5,948 | - |
| Operating profit (loss)9901 | -€824 | €1,790 | -€11,171 | €7,856 | -€4,784 | €2,709 | €13,930 | -€10,592 | - |
| Financial income75/76B | - | - | - | €9 | - | €292 | - | €0 | - |
| Recurring financial income75 | - | €102 | €11 | €9 | - | €292 | - | €0 | - |
| Financial charges65/66B | - | - | - | €909 | €782 | €684 | €2,183 | €272 | ▼ 87.5% |
| Recurring financial charges65 | €1,518 | €607 | €403 | €909 | €782 | €684 | €2,183 | €272 | ▼ 87.5% |
| Profit (loss) for the period before taxes9903 | -€2,343 | €1,284 | -€11,563 | €6,956 | -€5,566 | €2,317 | €11,748 | -€10,864 | - |
| Income taxes67/77 | - | - | - | -€2,194 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,343 | €1,284 | -€11,563 | €9,150 | -€5,566 | €2,317 | €11,748 | -€10,864 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,343 | €1,284 | -€11,563 | €9,150 | -€5,566 | €2,317 | €11,748 | -€10,864 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €40,596 | €34,737 | €27,251 | €39,938 | €34,891 | €24,900 | €43,614 | €44,292 | ▲ 1.6% |
| Fixed assets21/28 | €8,605 | €8,435 | €8,265 | €8,095 | €7,925 | €7,925 | €15,208 | €13,563 | ▼ 10.8% |
| Tangible fixed assets22/27 | €680 | €510 | €340 | €170 | €0 | - | €7,284 | €5,638 | ▼ 22.6% |
| Plant, machinery and equipment23 | - | - | - | €170 | - | - | €7,284 | €5,638 | ▼ 22.6% |
| Financial fixed assets28 | €7,925 | €7,925 | €7,925 | €7,925 | €7,925 | €7,925 | €7,925 | €7,925 | = |
| Current assets29/58 | €31,992 | €26,302 | €18,986 | €31,843 | €26,967 | €16,975 | €28,406 | €30,729 | ▲ 8.2% |
| Stocks and contracts in progress3 | €3,259 | €2,774 | €2,219 | €1,928 | €2,260 | €3,600 | €3,600 | €3,600 | = |
| Stocks30/36 | - | - | - | €1,928 | €2,260 | €3,600 | €3,600 | €3,600 | = |
| Amounts receivable within one year40/41 | €18,674 | €15,614 | €14,345 | €19,205 | €21,055 | €5,659 | €6,863 | €12,265 | ▲ 78.7% |
| Trade receivables40 | - | - | - | - | €5,098 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €19,205 | €15,957 | €5,659 | €6,863 | €12,265 | ▲ 78.7% |
| Cash at bank and in hand54/58 | €10,058 | €7,768 | €2,007 | €9,801 | €2,480 | €5,611 | €17,943 | €14,864 | ▼ 17.2% |
| Deferred charges and accrued income490/1 | - | - | - | €909 | €1,171 | €2,106 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €40,596 | €34,737 | €27,251 | €39,938 | €34,891 | €24,900 | €43,614 | €44,292 | ▲ 1.6% |
| Equity10/15 | €22,345 | €23,629 | €12,065 | €21,215 | €15,650 | €17,967 | €29,715 | €18,851 | ▼ 36.6% |
| Contributions10/11 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Capital10 | - | - | - | €8,600 | €8,600 | €8,600 | €8,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | - | - |
| Reserves13 | €15,860 | €15,860 | €15,860 | €15,860 | €15,860 | €15,860 | €15,860 | €15,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €14,000 | €14,000 | €14,000 | €14,000 | €15,860 | ▲ 13.3% |
| Profit (loss) carried forward14 | -€2,115 | -€831 | -€12,395 | -€3,245 | -€8,810 | -€6,493 | €5,255 | -€5,609 | - |
| Amounts payable17/49 | €18,252 | €11,108 | €15,186 | €18,723 | €19,241 | €6,933 | €13,899 | €25,441 | ▲ 83.0% |
| Amounts payable within one year42/48 | €16,760 | €11,108 | €15,186 | €18,723 | €19,241 | €6,933 | €13,899 | €25,441 | ▲ 83.0% |
| Financial debts43 | - | - | - | €12,353 | €4,117 | - | - | - | - |
| Other loans439 | - | - | - | €12,353 | €4,117 | - | - | - | - |
| Trade debts44 | €10,118 | €4,510 | €7,124 | €4,906 | €432 | €4,789 | €7,378 | €19,651 | ▲ 166% |
| Suppliers440/4 | - | - | - | €4,906 | €432 | €4,789 | €7,378 | €19,651 | ▲ 166% |
| Taxes, remuneration and social security45 | - | - | - | €923 | €2,044 | €2,144 | €6,521 | €5,790 | ▼ 11.2% |
| Taxes450/3 | - | - | - | €923 | €1,794 | €2,144 | €5,784 | €4,562 | ▼ 21.1% |
| Remuneration and social security454/9 | - | - | - | - | €250 | - | €736 | €1,228 | ▲ 66.7% |
| Other amounts payable47/48 | - | - | - | €541 | €12,649 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,343 | €1,284 | -€11,563 | €9,150 | -€5,566 | €2,317 | €11,748 | -€10,864 | - |
| + Depreciation and write-downs630 | €170 | €170 | €170 | €170 | €170 | - | €943 | €1,645 | ▲ 74.4% |
| Operating cash flow (approximation) | -€2,173 | €1,454 | -€11,393 | €9,320 | -€5,396 | €2,317 | €12,691 | -€9,218 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | €0 | €0 | -€8,227 | €0 | - |
| Change in cash | - | -€2,290 | -€5,761 | €7,794 | -€7,321 | €3,130 | €12,332 | -€3,079 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as Darilo has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Darilo itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for Darilo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-05-2026 | 2026-00111847 | |
| 31-12-2024 | abbreviated format | 23-04-2025 | 2025-00073208 | |
| 31-12-2023 | abbreviated format | 18-05-2024 | 2024-00090458 | |
| 31-12-2022 | abbreviated format | 04-06-2023 | 2023-00105508 | |
| 31-12-2021 | abbreviated format | 05-05-2022 | 2022-20020335 | |
| 31-12-2020 | abbreviated format | 15-05-2021 | 2021-14200376 | |
| 31-12-2019 | abbreviated format | 23-05-2020 | 2020-13000169 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-40500342 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-23700562 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-20500035 |