DASF

Active

Private limited companyfounded 2012active for 13 yearsRue d'Autreppe(AUT) 8, 7387 Honnelles, BelgiumKBO/BCE: BE 0500.983.521

Summary

DASF has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €362,965 and a net result of €46,899. Equity is growing by about 18% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).

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DASFActiveChecked score 89/100

Risk analysis Report Compare

Financials · financial year 2025, micro format

Turnover

€186,000▲ 6.9%

2024 · €174,000

EBIT margin

43.0%▼ 2.0pp

2024 · 45.0%

Net result

€46,899▲ 26.4%

2024 · €37,109

Working capital

-€131,462=

2024 · -€131,503

Trend over the years

Last 5 years All years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.

Turnover and resultEquity and debtWorking capitalMargins and return

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.2m 2025 Operating result€0.08m 2025 Net result€0.05m 2025

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Turnover€0.2m-€0.2m▲ 1.2%€0.2m▲ 5.9%€0.2m▲ 2.7%€0.2m▼ 0.4%€0.2m▲ 1.7%€0.2m▼ 20.4%€0.2m▲ 6.9%

Operating result€0.05m-€0.06m▲ 19.4%€0.08m▲ 30.0%€0.04m▼ 47.0%€0.08m▲ 86.0%€0.06m▼ 23.7%€0.08m▲ 26.7%€0.08m▲ 2.1%

Net result€0.03m-€0.04m▲ 28.6%€0.05m▲ 31.7%€0.01m▼ 79.6%€0.05m▲ 343%€0.04m▼ 23.8%€0.04m▲ 0.1%€0.05m▲ 26.4%

EBIT margin27.0%-31.8%▲ 4.8pp39.1%▲ 7.2pp20.2%▼ 18.9pp37.7%▲ 17.5pp28.3%▼ 9.4pp45.0%▲ 16.8pp43.0%▼ 2.0pp

Equity€0.09m-€0.1m▲ 46.7%€0.2m▲ 41.9%€0.2m▲ 6.0%€0.2m▲ 25.2%€0.3m▲ 15.3%€0.3m▲ 13.3%€0.4m▲ 14.8%

Total assets€0.7m-€0.6m▼ 3.5%€0.6m▼ 1.2%€0.8m▲ 26.3%€0.8m▼ 2.5%€1.0m▲ 33.3%€1.0m▼ 2.0%€1.0m▼ 1.7%

Debt€0.6m-€0.5m▼ 11.2%€0.4m▼ 12.1%€0.6m▲ 34.5%€0.5m▼ 11.4%€0.8m▲ 41.4%€0.7m▼ 7.6%€0.6m▼ 9.2%

Working capital-€0.09m--€0.1m▼ 1.9%-€0.09m▲ 7.9%-€0.1m▼ 52.0%-€0.1m▲ 22.4%-€0.1m▼ 17.6%-€0.1m▼ 6.9%-€0.1m=

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €995,707

99.3%

Fixed assets €988,906 ▼ 1.7%

Current assets €6,801 ▼ 10.4%

Equity and liabilities €995,707

36.5%

63.5%

Equity €362,965 ▲ 14.8%

Debt €632,742 ▼ 9.2%

Debt's share of the balance-sheet total falls from 68.8% to 63.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€96,650▲

2024 · €95,042

Cash flow

€63,592▲

2024 · €53,801

Current ratio

0.05▼

2024 · 0.05

Debt to equity

1.74▼

2024 · 2.21

ROE

12.9%▲

2024 · 11.7%

ROA

4.7%▲

2024 · 3.7%

Interest coverage

4.77▲

2024 · 4.21

Debt ≤ 1 year

€138,263▼

2024 · €139,091

Debt > 1 year

€492,529▼

2024 · €556,831

Income taxes

€12,799▼

2024 · €18,657

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.0m€1.0m▼

Fixed assets21/28€1.0m€1.0m▼

Tangible fixed assets22/27€0.4m€0.4m▼

Land and buildings22€0.4m€0.4m▼

Plant, machinery and equipment23€0.002m€0.001m▼

Furniture and vehicles24€0.001m€0.001m▼

Financial fixed assets28€0.6m€0.6m=

Current assets29/58€0.008m€0.007m▼

Amounts receivable within one year40/41€0.002m-

Trade receivables40€0.002m-

Cash at bank and in hand54/58€0.006m€0.007m▲

Equity and liabilities

Total equity and liabilities10/49€1.0m€1.0m▼

Equity10/15€0.3m€0.4m▲

Contributions10/11€0.006m€0.006m=

Reserves13€0.02m€0.02m=

Non-distributable reserves130/1€0.002m€0.002m=

Reserves not available under the articles1311€0.002m€0.002m=

Distributable reserves133€0.02m€0.02m=

Profit (loss) carried forward14€0.3m€0.3m▲

Amounts payable17/49€0.7m€0.6m▼

Amounts payable after more than one year17€0.6m€0.5m▼

Financial debts170/4€0.6m€0.5m▼

Amounts payable within one year42/48€0.1m€0.1m▼

Current portion of amounts payable after more than one year42€0.06m€0.07m▲

Trade debts44€0.02m€0.02m▼

Suppliers440/4€0.02m€0.02m▼

Taxes, remuneration and social security45€0.002m-

Remuneration and social security454/9€0.002m-

Other amounts payable47/48€0.05m€0.05m▼

Accrued charges and deferred income492/3€0.001m€0.002m▲

Income statement Code20242025

Turnover70€0.2m€0.2m▲

Goods, raw materials, services and sundry goods60/61€0.1m€0.1m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.02m=

Other operating charges640/8€0.009m€0.01m▲

Gross operating margin9900€0.1m€0.1m▲

Operating profit (loss)9901€0.08m€0.08m▲

Financial income75/76B-€2

Recurring financial income75-€2

Financial charges65/66B€0.02m€0.02m▼

Recurring financial charges65€0.02m€0.02m▼

Profit (loss) for the period before taxes9903€0.06m€0.06m▲

Income taxes67/77€0.02m€0.01m▼

Profit (loss) for the period9904€0.04m€0.05m▲

Profit (loss) for the period to be appropriated9905€0.04m€0.05m▲

Appropriation of the result

Profit (loss) to be appropriated9906€0.3m€0.3m▲

Profit (loss) brought forward from the previous period14P€0.3m€0.3m▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Turnover70	€196,121	€198,531	€210,257	€215,834	€214,923	€218,670	€174,000	€186,000	▲ 6.9%
Goods, raw materials, services and sundry goods60/61	-	-	-	€125,109	€112,493	€129,223	€118,093	€133,024	▲ 12.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€18,838	€18,838	€12,373	€14,651	€17,473	€15,944	€16,693	€16,693	=
Other operating charges640/8	-	-	-	€32,551	€3,989	€11,689	€8,579	€9,640	▲ 12.4%
Gross operating margin9900	€77,125	€87,539	€100,033	€90,725	€102,430	€89,447	€103,620	€106,290	▲ 2.6%
Operating profit (loss)9901	€52,916	€63,173	€82,117	€43,523	€80,968	€61,814	€78,349	€79,957	▲ 2.1%
Financial income75/76B	-	-	-	-	-	-	-	€2	-
Recurring financial income75	-	-	-	-	-	-	-	€2	-
Financial charges65/66B	-	-	-	€12,856	€12,386	€15,928	€22,583	€20,261	▼ 10.3%
Recurring financial charges65	€14,552	€14,510	€12,844	€12,856	€12,386	€15,928	€22,583	€20,261	▼ 10.3%
Profit (loss) for the period before taxes9903	€38,364	€48,664	€69,273	€30,666	€68,583	€45,886	€55,766	€59,698	▲ 7.1%
Income taxes67/77	€6,592	€7,797	€15,435	€19,671	€19,913	€8,808	€18,657	€12,799	▼ 31.4%
Profit (loss) for the period9904	€31,772	€40,867	€53,838	€10,996	€48,670	€37,078	€37,109	€46,899	▲ 26.4%
Profit (loss) for the period to be appropriated9905	€31,772	€40,867	€53,838	€10,996	€48,670	€37,078	€37,109	€46,899	▲ 26.4%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€0.7m	€0.6m	€0.6m	€0.8m	€0.8m	€1.0m	€1.0m	€1.0m	▼ 1.7%
Fixed assets21/28	€0.7m	€0.6m	€0.6m	€0.8m	€0.8m	€1.0m	€1.0m	€1.0m	▼ 1.7%
Tangible fixed assets22/27	€0.3m	€0.3m	€0.3m	€0.5m	€0.4m	€0.4m	€0.4m	€0.4m	▼ 4.1%
Land and buildings22	-	-	-	€0.5m	€0.4m	€0.4m	€0.4m	€0.4m	▼ 3.8%
Plant, machinery and equipment23	-	-	-	-	-	€0.002m	€0.002m	€0.001m	▼ 29.0%
Furniture and vehicles24	-	-	-	-	-	€0.002m	€0.001m	€0.001m	▼ 57.8%
Financial fixed assets28	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.6m	€0.6m	€0.6m	=
Current assets29/58	€0.005m	€0.001m	€0.006m	€0.006m	€0.004m	€0.01m	€0.008m	€0.007m	▼ 10.4%
Amounts receivable within one year40/41	-	-	-	-	-	-	€0.002m	-	-
Trade receivables40	-	-	-	-	-	-	€0.002m	-	-
Cash at bank and in hand54/58	€0.005m	€0.001m	€0.005m	€0.006m	€0.003m	€0.01m	€0.006m	€0.007m	▲ 16.0%
Deferred charges and accrued income490/1	-	-	-	€280	€379	-	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€0.7m	€0.6m	€0.6m	€0.8m	€0.8m	€1.0m	€1.0m	€1.0m	▼ 1.7%
Equity10/15	€0.09m	€0.1m	€0.2m	€0.2m	€0.2m	€0.3m	€0.3m	€0.4m	▲ 14.8%
Contributions10/11	€0.006m	€0.006m	€0.006m	€0.006m	€0.006m	€0.006m	€0.006m	€0.006m	=
Reserves13	€0.002m	€0.002m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Non-distributable reserves130/1	-	-	-	€0.002m	€0.002m	€0.002m	€0.002m	€0.002m	=
Reserves not available under the articles1311	-	-	-	€0.002m	€0.002m	€0.002m	€0.002m	€0.002m	=
Distributable reserves133	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Profit (loss) carried forward14	€0.08m	€0.1m	€0.2m	€0.2m	€0.2m	€0.3m	€0.3m	€0.3m	▲ 16.3%
Amounts payable17/49	€0.6m	€0.5m	€0.4m	€0.6m	€0.5m	€0.8m	€0.7m	€0.6m	▼ 9.2%
Amounts payable after more than one year17	€0.5m	€0.4m	€0.4m	€0.5m	€0.4m	€0.6m	€0.6m	€0.5m	▼ 11.5%
Financial debts170/4	-	-	-	€0.5m	€0.4m	€0.6m	€0.6m	€0.5m	▼ 11.5%
Amounts payable within one year42/48	€0.1m	€0.1m	€0.09m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	▼ 0.6%
Current portion of amounts payable after more than one year42	-	-	-	€0.07m	€0.04m	€0.06m	€0.06m	€0.07m	▲ 4.8%
Trade debts44	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	▼ 5.5%
Suppliers440/4	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	▼ 5.5%
Taxes, remuneration and social security45	-	-	-	-	-	€0.001m	€0.002m	-	-
Taxes450/3	-	-	-	-	-	€0.001m	-	-	-
Remuneration and social security454/9	-	-	-	-	-	-	€0.002m	-	-
Other amounts payable47/48	-	-	-	€0.05m	€0.05m	€0.05m	€0.05m	€0.05m	▼ 2.0%
Accrued charges and deferred income492/3	-	-	-	-	-	€48	€0.001m	€0.002m	▲ 62.6%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€31,772	€40,867	€53,838	€10,996	€48,670	€37,078	€37,109	€46,899	▲ 26.4%
+ Depreciation and write-downs630	€18,838	€18,838	€12,373	€14,651	€17,473	€15,944	€16,693	€16,693	=
Operating cash flow (approximation)	€50,610	€59,705	€66,211	€25,646	€66,143	€53,022	€53,801	€63,592	▲ 18.2%
Investment in fixed assets (approximation)	-	€0	€0	-€180,000	€0	-€266,255	€0	€0	-
Change in cash	-	-€4,309	€4,824	€233	-€2,367	€8,024	-€5,505	€941	▲ 117%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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