DATELEC
Open bankruptcyFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 PDF all 32 filings
Equity
-€13,768
2024 · €22,296
Total assets
€242,900▼ 13.8%
2024 · €281,876
Net result
-€36,063▲ 32.6%
2024 · -€53,516
Working capital
€54,441▼ 40.2%
2024 · €91,004
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€33,591
▲ 33.5%
2025
20182025
Net result
-€36,063
▲ 32.6%
2025
lowest quarter of the sector
20182025
Equity
-€13,768
2025
lowest quarter of the sector
20182025
Total assets
€242,900
▼ 13.8%
2025
middle half of the sector
20182025
Debt
€256,668
▼ 1.1%
2025
20182025
Working capital
€54,441
▼ 40.2%
2025
middle half of the sector
20182025
Solvency
-5.7%
▼ 13.6pp
2025
lowest quarter of the sector
20182025
Current ratio
1.29
▼ 0.19
2025
middle half of the sector
20182025
Return on assets (ROA)
-14.8%
▲ 4.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0.3
▼ 57.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€9,877-€16,969€20,388▲ 20.1%€83▼ 99.6%€33,672▲ 407×€10,012▼ 70.3%-€50,501-€33,591▲ 33.5%
Net result-€19,728-€10,652€15,298within the sector's middle half▲ 43.6%-€6,279below the sector's middle half€22,044within the sector's middle half€9,590within the sector's middle half▼ 56.5%-€53,516below the sector's middle half-€36,063below the sector's middle half▲ 32.6%
Equity€24,507-€35,159▲ 43.5%€50,457within the sector's middle half▲ 43.5%€44,178within the sector's middle half▼ 12.4%€66,222within the sector's middle half▲ 49.9%€75,812within the sector's middle half▲ 14.5%€22,296within the sector's middle half▼ 70.6%-€13,768below the sector's middle half
Total assets€287,895-€269,376▼ 6.4%€246,143within the sector's middle half▼ 8.6%€353,300above the sector's middle half▲ 43.5%€377,353above the sector's middle half▲ 6.8%€272,929within the sector's middle half▼ 27.7%€281,876within the sector's middle half▲ 3.3%€242,900within the sector's middle half▼ 13.8%
Debt€263,388-€234,217▼ 11.1%€195,686▼ 16.5%€309,122▲ 58.0%€311,131▲ 0.6%€197,117▼ 36.6%€259,580▲ 31.7%€256,668▼ 1.1%
Working capital€25,483-€105,682▲ 315%€120,860above the sector's middle half▲ 14.4%€112,411above the sector's middle half▼ 7.0%€143,485above the sector's middle half▲ 27.6%€148,087above the sector's middle half▲ 3.2%€91,004above the sector's middle half▼ 38.5%€54,441within the sector's middle half▼ 40.2%
Solvency8.5%-13.1%▲ 4.5pp20.5%within the sector's middle half▲ 7.4pp12.5%below the sector's middle half▼ 8.0pp17.5%below the sector's middle half▲ 5.0pp27.8%within the sector's middle half▲ 10.2pp7.9%below the sector's middle half▼ 19.9pp-5.7%below the sector's middle half▼ 13.6pp
Current ratio1.10-1.65▲ 0.551.96within the sector's middle half▲ 0.321.47within the sector's middle half▼ 0.491.62within the sector's middle half▲ 0.142.21within the sector's middle half▲ 0.591.48within the sector's middle half▼ 0.731.29within the sector's middle half▼ 0.19
Return on assets (ROA)-6.9%-4.0%▲ 10.8pp6.2%within the sector's middle half▲ 2.3pp-1.8%below the sector's middle half▼ 8.0pp5.8%within the sector's middle half▲ 7.6pp3.5%within the sector's middle half▼ 2.3pp-19.0%below the sector's middle half▼ 22.5pp-14.8%below the sector's middle half▲ 4.1pp
Staff (FTE)2.8-2.7▼ 3.6%3.3above the sector's middle half▲ 22.2%3.5▲ 6.1%2▼ 42.9%1▼ 50.0%0.7▼ 30.0%0.3▼ 57.1%
above
within
below
The sector band is the middle half of the companies in Civil engineering (NACE 42). 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 €33,591, smaller than the loss of €50,501 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,900
Fixed assets
€1,791 ▼ 19.9%
Current assets
€241,109 ▼ 13.8%
Equity and liabilities
Equity-€13,768
Debt€256,668
Equity is negative. Debt (€256,668) exceeds the balance-sheet total (€242,900).
Key figures and ratios
EBITDA
-€33,146▲
2024 · -€50,056
Cash flow
-€35,618▲
2024 · -€53,071
Quick ratio
0.37▼
2024 · 0.49
Interest coverage
-13.40▲
2024 · -16.42
Debt ≤ 1 year
€186,668▼
2024 · €188,635
Debt > 1 year
€70,000▼
2024 · €70,305
Staff costs
€26,716▼
2024 · €39,041
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 1 | - | 1 |
| full-time | 3 | 2 | 1 | - | 1 |
| part-time | - | 0 | 0 | - | - |
| in full-time equivalents | 3 | 2 | 1 | - | 1 |
| Average over the year, in full-time equivalents | 3.5 | 2 | 1 | 0.7 | 0.3 |
| On a permanent contract | 1 | 1 | - | - | 1 |
| Joined | 0 | 0 | 0 | 1 | 2 |
| Left | 1 | 1 | 1 | 2 | 1 |
| Training hours | 21 | 14 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,225 | - | - |
| Financial fixed assets | €2,400 | - | - | €400 | - |
| Depreciation and write-downs of the year | - | - | €344 | €445 | €445 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12,526 | €0 | - | €12,068 | - |
| Remuneration, social security and pensions62 | - | - | - | €161,202 | €108,726 | €76,000 | €39,041 | €26,716 | ▼ 31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €468 | €374 | - | - | - | €344 | €445 | €445 | = |
| Other operating charges640/8 | - | - | - | €2,009 | €37,591 | €1,871 | €1,736 | €1,441 | ▼ 17.0% |
| Non-recurring operating charges66A | - | - | - | - | €18,154 | €0 | €4,597 | - | - |
| Gross operating margin9900 | €119,999 | €164,145 | €162,711 | €163,294 | €198,142 | €88,228 | -€4,682 | -€4,990 | ▼ 6.6% |
| Operating profit (loss)9901 | -€9,877 | €16,969 | €20,388 | €83 | €33,672 | €10,012 | -€50,501 | -€33,591 | ▲ 33.5% |
| Financial income75/76B | - | - | - | €740 | €416 | €5,855 | €34 | €1 | ▼ 97.6% |
| Recurring financial income75 | €875 | €503 | €45 | €740 | €416 | €5,855 | €34 | €1 | ▼ 97.6% |
| Financial charges65/66B | - | - | - | €7,102 | €12,043 | €6,277 | €3,049 | €2,473 | ▼ 18.9% |
| Recurring financial charges65 | €10,726 | €6,821 | €5,134 | €7,102 | €12,043 | €6,277 | €3,049 | €2,473 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | -€19,728 | €10,652 | €15,298 | -€6,279 | €22,044 | €9,590 | -€53,516 | -€36,063 | ▲ 32.6% |
| Profit (loss) for the period9904 | -€19,728 | €10,652 | €15,298 | -€6,279 | €22,044 | €9,590 | -€53,516 | -€36,063 | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | -€19,728 | €10,652 | €15,298 | -€6,279 | €22,044 | €9,590 | -€53,516 | -€36,063 | ▲ 32.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €287,895 | €269,376 | €246,143 | €353,300 | €377,353 | €272,929 | €281,876 | €242,900 | ▼ 13.8% |
| Fixed assets21/28 | €374 | - | - | €2,400 | €800 | €2,281 | €2,236 | €1,791 | ▼ 19.9% |
| Tangible fixed assets22/27 | €374 | - | - | - | - | €1,881 | €1,436 | €991 | ▼ 31.0% |
| Furniture and vehicles24 | - | - | - | - | - | €1,881 | €1,436 | €991 | ▼ 31.0% |
| Financial fixed assets28 | - | - | - | €2,400 | €800 | €400 | €800 | €800 | = |
| Current assets29/58 | €287,521 | €269,376 | €246,143 | €350,900 | €376,553 | €270,648 | €279,640 | €241,109 | ▼ 13.8% |
| Stocks and contracts in progress3 | €15,656 | €18,779 | €26,497 | €222,674 | €184,901 | €170,929 | €187,649 | €172,301 | ▼ 8.2% |
| Stocks30/36 | - | - | - | €61,192 | €50,623 | €61,659 | €67,891 | €98,956 | ▲ 45.8% |
| Contracts in progress37 | - | - | - | €161,483 | €134,278 | €109,270 | €119,758 | €73,345 | ▼ 38.8% |
| Amounts receivable within one year40/41 | €134,022 | €128,690 | €129,362 | €118,939 | €174,370 | €40,022 | €62,848 | €44,375 | ▼ 29.4% |
| Trade receivables40 | - | - | - | €100,951 | €136,534 | €25,831 | €54,682 | €39,964 | ▼ 26.9% |
| Other amounts receivable41 | - | - | - | €17,988 | €37,837 | €14,192 | €8,166 | €4,411 | ▼ 46.0% |
| Current investments50/53 | €43 | €40 | €37 | €33 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €7,474 | €20,268 | €8,428 | €4,696 | €2,240 | €34,007 | €714 | €13 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4,558 | €15,042 | €25,689 | €28,429 | €24,420 | ▼ 14.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €287,895 | €269,376 | €246,143 | €353,300 | €377,353 | €272,929 | €281,876 | €242,900 | ▼ 13.8% |
| Equity10/15 | €24,507 | €35,159 | €50,457 | €44,178 | €66,222 | €75,812 | €22,296 | -€13,768 | - |
| Contributions10/11 | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | = |
| Capital10 | - | - | - | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | = |
| Issued capital100 | - | - | - | €134,050 | €134,050 | €134,050 | €134,050 | €134,050 | = |
| Reserves13 | €120,553 | €120,553 | €120,553 | €120,553 | €120,553 | €120,553 | €120,553 | €120,553 | = |
| Non-distributable reserves130/1 | - | - | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | - | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Distributable reserves133 | - | - | - | €114,303 | €114,303 | €114,303 | €114,303 | €114,303 | = |
| Profit (loss) carried forward14 | -€230,096 | -€219,444 | -€204,146 | -€210,425 | -€188,381 | -€178,791 | -€232,307 | -€268,371 | ▼ 15.5% |
| Amounts payable17/49 | €263,388 | €234,217 | €195,686 | €309,122 | €311,131 | €197,117 | €259,580 | €256,668 | ▼ 1.1% |
| Amounts payable after more than one year17 | - | €70,000 | €70,000 | €70,000 | €77,448 | €73,916 | €70,305 | €70,000 | ▼ 0.4% |
| Financial debts170/4 | - | - | - | €70,000 | €77,448 | €73,916 | €70,305 | €70,000 | ▼ 0.4% |
| Amounts payable within one year42/48 | €262,038 | €163,694 | €125,283 | €238,489 | €233,068 | €122,560 | €188,635 | €186,668 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,454 | €3,532 | €3,612 | €305 | ▼ 91.6% |
| Financial debts43 | - | - | - | €12,287 | €25,805 | €0 | €21,150 | €25,135 | ▲ 18.8% |
| Credit institutions430/8 | - | - | - | €12,287 | €25,805 | €0 | €21,150 | €25,135 | ▲ 18.8% |
| Trade debts44 | €133,242 | €76,510 | €53,619 | €137,277 | €165,147 | €53,088 | €116,136 | €69,141 | ▼ 40.5% |
| Suppliers440/4 | - | - | - | €137,277 | €165,147 | €53,088 | €116,136 | €69,141 | ▼ 40.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | €28,652 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €50,817 | €20,142 | €17,987 | €28,278 | €2,737 | ▼ 90.3% |
| Taxes450/3 | - | - | - | €5,216 | €2,094 | €1,984 | €953 | - | - |
| Remuneration and social security454/9 | - | - | - | €45,601 | €18,047 | €16,003 | €27,326 | €2,737 | ▼ 90.0% |
| Other amounts payable47/48 | - | - | - | €38,107 | €18,520 | €19,301 | €19,459 | €89,350 | ▲ 359% |
| Accrued charges and deferred income492/3 | - | - | - | €633 | €615 | €641 | €640 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,728 | €10,652 | €15,298 | -€6,279 | €22,044 | €9,590 | -€53,516 | -€36,063 | ▲ 32.6% |
| + Depreciation and write-downs630 | €468 | €374 | - | - | - | €344 | €445 | €445 | = |
| Operating cash flow (approximation) | -€19,260 | €11,026 | €15,298 | -€6,279 | €22,044 | €9,934 | -€53,071 | -€35,618 | ▲ 32.9% |
| Investment in fixed assets (approximation) | - | - | - | - | €1,600 | -€1,825 | -€400 | €0 | - |
| Change in cash | - | €12,794 | -€11,839 | -€3,733 | -€2,455 | €31,767 | -€33,294 | -€700 | ▲ 97.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00145100 | |
| 31-12-2024 | micro format | 20-05-2025 | 2025-00098960 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00112779 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00232531 | |
| 31-12-2021 | micro format | 24-05-2022 | 2022-20033233 | |
| 31-12-2020 | micro format | 19-05-2021 | 2021-14700464 | |
| 31-12-2019 | micro format | 21-05-2020 | 2020-13100315 | |
| 31-12-2018 | micro format | 17-05-2019 | 2019-13700094 | |
| 31-12-2017 | micro format | 19-05-2018 | 2018-13700550 | |
| 31-12-2016 | micro format | 29-05-2017 | 2017-13700367 |