DATOS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 11-08-2026 PDF all 41 filings
Turnover
€319.8m▲ 11.6%
2024 · €286.4m
EBIT margin
1.8%▲ 2.2pp
2024 · -0.5%
Net result
€4.9m
2024 · -€1.7m
Working capital
€25.5m▲ 33.2%
2024 · €19.2m
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€319.8m
▲ 11.6%
2025
20192025
Operating result
€5.6m
2025
20192025
Net result
€4.9m
2025
highest quarter of the sector
20192025
EBIT margin
1.8%
▲ 2.2pp
2025
20192025
Equity
€23.1m
▲ 27.0%
2025
highest quarter of the sector
20192025
Total assets
€47.1m
▲ 3.0%
2025
highest quarter of the sector
20192025
Debt
€19.2m
▼ 17.7%
2025
20192025
Working capital
€25.5m
▲ 33.2%
2025
highest quarter of the sector
20192025
Solvency
49.0%
▲ 9.2pp
2025
middle half of the sector
20192025
Current ratio
2.59
▲ 0.62
2025
highest quarter of the sector
20192025
Return on assets (ROA)
10.4%
▲ 14.2pp
2025
highest quarter of the sector
20192025
Staff (FTE)
296.1
▼ 4.0%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€284.7m-€178.4m▼ 37.3%€229.3m▲ 28.6%€251.4m▲ 9.6%€256.5m▲ 2.0%€286.4m▲ 11.7%€319.8m▲ 11.6%
Operating result€9.0m-€5.0m▼ 43.9%€6.6m▲ 31.6%-€1.6m-€3.1m▼ 90.9%-€1.4m▲ 55.3%€5.6m
Net result€5.9m-€3.3mabove the sector's middle half▼ 44.0%€4.8mabove the sector's middle half▲ 45.4%-€1.8mbelow the sector's middle half-€3.6mbelow the sector's middle half▼ 98.5%-€1.7mbelow the sector's middle half▲ 51.5%€4.9mabove the sector's middle half
EBIT margin3.2%-2.8%▼ 0.3pp2.9%▲ 0.1pp-0.7%▼ 3.5pp-1.2%▼ 0.6pp-0.5%▲ 0.7pp1.8%▲ 2.2pp
Equity€20.3m-€23.6mabove the sector's middle half▲ 16.2%€25.3mabove the sector's middle half▲ 7.1%€23.5mabove the sector's middle half▼ 7.1%€19.9mabove the sector's middle half▼ 15.2%€18.2mabove the sector's middle half▼ 8.7%€23.1mabove the sector's middle half▲ 27.0%
Total assets€42.9m-€43.1mabove the sector's middle half▲ 0.3%€51.8mabove the sector's middle half▲ 20.4%€51.6mabove the sector's middle half▼ 0.4%€45.4mabove the sector's middle half▼ 12.1%€45.7mabove the sector's middle half▲ 0.8%€47.1mabove the sector's middle half▲ 3.0%
Debt€22.4m-€18.6m▼ 16.8%€25.3m▲ 35.6%€26.3m▲ 4.0%€22.3m▼ 15.2%€23.3m▲ 4.6%€19.2m▼ 17.7%
Working capital€18.8m-€22.9mabove the sector's middle half▲ 22.1%€23.6mabove the sector's middle half▲ 3.0%€20.2mabove the sector's middle half▼ 14.4%€18.1mabove the sector's middle half▼ 10.4%€19.2mabove the sector's middle half▲ 5.7%€25.5mabove the sector's middle half▲ 33.2%
Solvency47.3%-54.8%above the sector's middle half▲ 7.5pp48.8%within the sector's middle half▼ 6.0pp45.5%within the sector's middle half▼ 3.3pp43.9%within the sector's middle half▼ 1.6pp39.7%within the sector's middle half▼ 4.1pp49.0%within the sector's middle half▲ 9.2pp
Current ratio1.92-2.39above the sector's middle half▲ 0.472.00within the sector's middle half▼ 0.381.86within the sector's middle half▼ 0.151.94within the sector's middle half▲ 0.081.97within the sector's middle half▲ 0.032.59above the sector's middle half▲ 0.62
Return on assets (ROA)13.7%-7.6%within the sector's middle half▼ 6.0pp9.2%within the sector's middle half▲ 1.6pp-3.5%below the sector's middle half▼ 12.7pp-7.9%below the sector's middle half▼ 4.4pp-3.8%below the sector's middle half▲ 4.1pp10.4%above the sector's middle half▲ 14.2pp
Staff (FTE)122.5-136.6above the sector's middle half▲ 11.5%165.4above the sector's middle half▲ 21.1%224.5above the sector's middle half▲ 35.7%294.2above the sector's middle half▲ 31.0%308.5above the sector's middle half▲ 4.9%296.1above the sector's middle half▼ 4.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 profit of €5.6m, after a loss of €1.4m in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47.1m
Fixed assets
€5.6m ▼ 18.0%
Current assets
€41.5m ▲ 6.7%
Equity and liabilities €47.1m
Equity
€23.1m ▲ 27.0%
Provisions
€4.8m ▲ 14.3%
Debt
€19.2m ▼ 17.7%
Debt's share of the balance-sheet total falls from 51.0% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8.2m▲
2024 · €1.2m
Cash flow
€7.5m▲
2024 · €896,296
Quick ratio
0.74▲
2024 · 0.49
Debt to equity
0.83▼
2024 · 1.28
ROE
21.3%▲
2024 · -9.6%
Interest coverage
over 100▲
2024 · 2.97
Debt ≤ 1 year
€16.0m▼
2024 · €19.7m
Debt > 1 year
€300,000▼
2024 · €548,736
Income taxes
€598,850▲
2024 · €27,978
Customer credit
4 days▼
2024 · 5 days
Supplier credit
7 days▼
2024 · 8 days
Staff costs
€21.4m▼
2024 · €21.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 276 | 323 | 316 | 291 |
| full-time | 245 | 288 | 286 | 259 |
| part-time | 31 | 35 | 30 | 32 |
| in full-time equivalents | 267.7 | 311 | 305.9 | 280.8 |
| Average over the year, in full-time equivalents | 224.5 | 294.2 | 308.5 | 296.1 |
| On a permanent contract | 276 | 323 | 315 | 290 |
| Joined | 122 | 124 | 88 | 52 |
| Left | 42 | 78 | 95 | 76 |
| Agency workers, average number | 52.6 | 36.4 | 20.9 | 26 |
| Training hours | 3,435 | 8,334 | 3,584 | 8,539 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €9.0m | €6.5m | €3.0m | - |
| Pledge on the business | €15.4m | €15.4m | €15.4m | €15.4m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €4.4m | €2.2m | €2.0m | €2.2m |
| Intangible fixed assets | €1.3m | €1.1m | €694,992 | €378,572 |
| Depreciation and write-downs of the year | €2.0m | €2.5m | €2.6m | €2.6m |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Fee for the audit | €30,150 | €34,880 | €47,148 | €44,900 |
| Other work by the auditor | €33,800 | €22,350 | €22,475 | €34,700 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €70,709 awarded · €70,709 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €30,014 | €30,014 |
| 2024 | 3 | €30,876 | €39,356 |
| 2022 | 2 | €9,819 | €1,339 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €253.8m | €259.5m | €291.2m | €324.8m | ▲ 11.5% |
| Turnover70 | €284.7m | €178.4m | €229.3m | €251.4m | €256.5m | €286.4m | €319.8m | ▲ 11.6% |
| Own construction capitalised72 | - | - | - | €0.1m | €0.1m | €0 | - | - |
| Other operating income74 | - | - | - | €2.3m | €2.7m | €4.6m | €5.0m | ▲ 8.8% |
| Non-recurring operating income76A | - | - | - | €0.04m | €0.2m | €0.2m | €0.03m | ▼ 84.2% |
| Operating charges60/66A | - | - | - | €255.5m | €262.6m | €292.6m | €319.2m | ▲ 9.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €217.3m | €219.8m | €245.7m | €268.9m | ▲ 9.5% |
| Purchases600/8 | - | - | - | €215.2m | €219.1m | €247.1m | €271.1m | ▲ 9.7% |
| Change in stocks: decrease (increase)609 | - | - | - | €2.1m | €0.7m | -€1.4m | -€2.1m | ▼ 50.6% |
| Services and other goods61 | - | - | - | €21.4m | €19.2m | €20.6m | €25.3m | ▲ 22.7% |
| Remuneration, social security and pensions62 | - | - | - | €13.6m | €19.1m | €21.6m | €21.4m | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.1m | €1.4m | €2.0m | €2.5m | €2.6m | €2.6m | ▼ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.009m | €0.2m | €0.2m | -€0.2m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.6m | €1.3m | €1.1m | €0.6m | ▼ 43.0% |
| Other operating charges640/8 | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 8.3% |
| Non-recurring operating charges66A | - | - | - | €0.1m | €0.03m | €0.3m | €0.04m | ▼ 88.3% |
| Operating profit (loss)9901 | €9.0m | €5.0m | €6.6m | -€1.6m | -€3.1m | -€1.4m | €5.6m | - |
| Financial income75/76B | - | - | - | €0.1m | €0.1m | €0.2m | €0.006m | ▼ 96.9% |
| Recurring financial income75 | €0.04m | €0.02m | €0.06m | €0.1m | €0.1m | €0.2m | €0.006m | ▼ 96.9% |
| Income from financial fixed assets750 | - | - | - | €0.007m | €0.1m | €0 | €0.005m | - |
| Income from current assets751 | - | - | - | €0 | - | €0.2m | - | - |
| Other financial income752/9 | - | - | - | €0.1m | €0.01m | €0.01m | €0.001m | ▼ 90.2% |
| Financial charges65/66B | - | - | - | €0.2m | €0.5m | €0.5m | €0.1m | ▼ 73.9% |
| Recurring financial charges65 | €0.4m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.1m | ▼ 73.9% |
| Debt charges650 | €0.2m | €0.1m | €0.07m | €0.1m | €0.4m | €0.4m | €0.03m | ▼ 92.2% |
| Other financial charges652/9 | - | - | - | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 13.6% |
| Profit (loss) for the period before taxes9903 | €8.6m | €4.8m | €6.5m | -€1.8m | -€3.5m | -€1.7m | €5.5m | - |
| Income taxes67/77 | €2.7m | €1.6m | €1.8m | €0.03m | €0.04m | €0.03m | €0.6m | ▲ 21× |
| Taxes670/3 | - | - | - | €0.03m | €0.04m | €0.03m | €0.6m | ▲ 21× |
| Profit (loss) for the period9904 | €5.9m | €3.3m | €4.8m | -€1.8m | -€3.6m | -€1.7m | €4.9m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.7m | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €1.0m | - |
| Profit (loss) for the period to be appropriated9905 | €6.1m | €3.9m | €5.0m | -€1.1m | -€3.6m | -€1.7m | €3.9m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €42.9m | €43.1m | €51.8m | €51.6m | €45.4m | €45.7m | €47.1m | ▲ 3.0% |
| Fixed assets21/28 | €3.7m | €3.6m | €4.6m | €7.8m | €7.9m | €6.8m | €5.6m | ▼ 18.0% |
| Intangible fixed assets21 | €0.1m | €0.07m | €0.04m | €1.2m | €2.0m | €2.0m | €1.5m | ▼ 24.6% |
| Tangible fixed assets22/27 | €3.6m | €3.5m | €4.6m | €6.6m | €5.9m | €4.8m | €4.1m | ▼ 15.3% |
| Land and buildings22 | - | - | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 36.4% |
| Furniture and vehicles24 | - | - | - | €3.5m | €2.8m | €2.5m | €2.6m | ▲ 3.4% |
| Other tangible fixed assets26 | - | - | - | €2.7m | €2.6m | €1.9m | €1.3m | ▼ 34.6% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.007m | €0.02m | €0.008m | €0.004m | €0.006m | ▲ 61.5% |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.008m | €0.004m | €0.006m | ▲ 61.5% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.02m | €0.008m | €0.004m | €0.006m | ▲ 61.5% |
| Current assets29/58 | €39.2m | €39.5m | €47.2m | €43.8m | €37.4m | €38.9m | €41.5m | ▲ 6.7% |
| Stocks and contracts in progress3 | €31.6m | €22.3m | €30.4m | €28.2m | €27.1m | €29.1m | €29.7m | ▲ 2.1% |
| Stocks30/36 | - | - | - | €28.2m | €27.1m | €29.1m | €29.7m | ▲ 2.1% |
| Goods purchased for resale34 | - | - | - | €25.4m | €25.2m | €26.5m | €28.9m | ▲ 9.1% |
| Advance payments36 | - | - | - | €2.8m | €1.9m | €2.6m | €0.8m | ▼ 68.2% |
| Amounts receivable within one year40/41 | €5.2m | €4.5m | €5.1m | €7.8m | €8.2m | €4.0m | €3.9m | ▼ 2.1% |
| Trade receivables40 | - | - | - | €4.8m | €2.9m | €4.0m | €3.6m | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | €3.0m | €5.3m | €0.04m | €0.3m | ▲ 830% |
| Cash at bank and in hand54/58 | €1.7m | €12.0m | €10.7m | €7.0m | €1.3m | €4.0m | €6.2m | ▲ 53.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.9m | €0.9m | €1.7m | €1.6m | ▼ 3.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €42.9m | €43.1m | €51.8m | €51.6m | €45.4m | €45.7m | €47.1m | ▲ 3.0% |
| Equity10/15 | €20.3m | €23.6m | €25.3m | €23.5m | €19.9m | €18.2m | €23.1m | ▲ 27.0% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €3.4m | ▲ 42.5% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | €1.0m | - |
| Distributable reserves133 | - | - | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Profit (loss) carried forward14 | €17.4m | €20.7m | €22.4m | €20.6m | €17.0m | €15.3m | €19.2m | ▲ 25.5% |
| Provisions and deferred taxes16 | €0.2m | €0.8m | €1.2m | €1.8m | €3.2m | €4.2m | €4.8m | ▲ 14.3% |
| Provisions for liabilities and charges160/5 | - | - | - | €1.8m | €3.2m | €4.2m | €4.8m | ▲ 14.3% |
| Other liabilities and charges164/5 | - | - | - | €1.8m | €3.2m | €4.2m | €4.8m | ▲ 14.3% |
| Amounts payable17/49 | €22.4m | €18.6m | €25.3m | €26.3m | €22.3m | €23.3m | €19.2m | ▼ 17.7% |
| Amounts payable after more than one year17 | €0.9m | €0.9m | €0.7m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 45.3% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 45.3% |
| Amounts payable within one year42/48 | €20.5m | €16.5m | €23.6m | €23.6m | €19.3m | €19.7m | €16.0m | ▼ 18.9% |
| Financial debts43 | - | - | - | €9.0m | €6.5m | €3.0m | - | - |
| Credit institutions430/8 | - | - | - | €9.0m | €6.5m | €3.0m | - | - |
| Trade debts44 | €2.7m | €2.9m | €3.6m | €3.6m | €4.1m | €5.1m | €5.2m | ▲ 2.0% |
| Suppliers440/4 | - | - | - | €3.6m | €4.1m | €5.1m | €5.2m | ▲ 2.0% |
| Advances received on contracts in progress46 | - | - | - | €3.2m | €2.4m | €4.5m | €3.9m | ▼ 13.6% |
| Taxes, remuneration and social security45 | - | - | - | €6.9m | €5.5m | €7.1m | €6.4m | ▼ 10.1% |
| Taxes450/3 | - | - | - | €4.6m | €2.0m | €3.1m | €2.2m | ▼ 29.6% |
| Remuneration and social security454/9 | - | - | - | €2.3m | €3.5m | €4.1m | €4.3m | ▲ 4.6% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.9m | €0 | €0.5m | - |
| Accrued charges and deferred income492/3 | - | - | - | €2.1m | €2.4m | €3.0m | €2.9m | ▼ 4.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.9m | €3.3m | €4.8m | -€1.8m | -€3.6m | -€1.7m | €4.9m | - |
| + Depreciation and write-downs630 | €1.3m | €1.1m | €1.4m | €2.0m | €2.5m | €2.6m | €2.6m | ▼ 1.3% |
| Operating cash flow (approximation) | €7.2m | €4.4m | €6.1m | €0.2m | -€1.1m | €0.9m | €7.5m | ▲ 738% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€2.4m | -€5.1m | -€2.6m | -€1.5m | -€1.4m | ▲ 11.1% |
| Change in cash | - | €10.2m | -€1.2m | -€3.7m | -€5.7m | €2.8m | €2.1m | ▼ 22.0% |
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, 321 companies had the same profile as DATOS has now. Two years later, 97.5% were still going and 0.0% had gone bankrupt.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
97.5%
was still going
2.5%
stopped otherwise
0.0%
went bankrupt
That fits the bankruptcy probability of DATOS itself: 0.1% 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 321 companies, not a prediction for DATOS. 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 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 11-08-2026 | 2026-00392217 | |
| 30-09-2024 | full format | 06-03-2025 | 2025-00044712 | |
| 30-09-2023 | full format | 07-03-2024 | 2024-00041729 | |
| 30-09-2022 | full format | 10-03-2023 | 2023-00039989 | |
| 30-09-2021 | full format | 23-03-2022 | 2022-08500050 | |
| 30-09-2020 | full format | 03-06-2021 | 2021-17000360 | |
| 30-09-2019 | full format | 19-05-2020 | 2020-12500304 | |
| 31-03-2018 | full format | 28-08-2018 | 2018-52700198 | |
| 31-03-2017 | full format | 25-09-2017 | 2017-63600238 | |
| 31-03-2016 | full format | 18-10-2016 | 2016-65800253 |