DAVA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 24 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €300,000
Total assets
€308,976▼ 26.7%
2024 · €421,693
Net result
€24,790▼ 10.6%
2024 · €27,724
Working capital
€138,235▲ 17.5%
2024 · €117,620
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€36,065
▼ 10.3%
2025
20192025
Net result
€24,790
▼ 10.6%
2025
20192025
Equity
€280,954
▲ 9.7%
2025
20192025
Total assets
€308,976
▼ 26.7%
2025
20192025
Debt
€28,022
▼ 83.1%
2025
20192025
Working capital
€138,235
▲ 17.5%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€8,111-€28,415▲ 250%€38,601▲ 35.8%€28,431▼ 26.3%€34,459▲ 21.2%€40,220▲ 16.7%€36,065▼ 10.3%
Net result€10,791-€30,019▲ 178%€30,641▲ 2.1%€19,268▼ 37.1%€22,839▲ 18.5%€27,724▲ 21.4%€24,790▼ 10.6%
Equity€255,673-€155,693▼ 39.1%€186,334▲ 19.7%€205,602▲ 10.3%€228,441▲ 11.1%€256,165▲ 12.1%€280,954▲ 9.7%
Total assets€259,244-€254,728▼ 1.7%€280,168▲ 10.0%€270,666▼ 3.4%€279,111▲ 3.1%€421,693▲ 51.1%€308,976▼ 26.7%
Debt€3,570-€99,035▲ 28×€93,834▼ 5.3%€65,064▼ 30.7%€50,670▼ 22.1%€165,528▲ 227%€28,022▼ 83.1%
Working capital€120,076-€28,299▼ 76.4%€58,940▲ 108%€74,509▲ 26.4%€101,047▲ 35.6%€117,620▲ 16.4%€138,235▲ 17.5%
The operating result for 2025 is 10% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,976
Fixed assets
€142,719 ▲ 3.0%
Current assets
€166,257 ▼ 41.3%
Equity and liabilities €308,976
Equity
€280,954 ▲ 9.7%
Debt
€28,022 ▼ 83.1%
Debt's share of the balance-sheet total falls from 39.3% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,987▼
2024 · €40,490
Cash flow
€25,711▼
2024 · €27,994
Current ratio
5.93▲
2024 · 1.71
Debt to equity
0.10▼
2024 · 0.65
ROE
8.8%▼
2024 · 10.8%
ROA
8.0%▲
2024 · 6.6%
Interest coverage
19.14▲
2024 · 17.48
Debt ≤ 1 year
€28,022▼
2024 · €165,528
Income taxes
€12,327▼
2024 · €13,877
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,722 | €5,095 |
| Depreciation and write-downs of the year | - | - | €270 | €922 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,680 | €7,603 | - | - | - | €270 | €922 | ▲ 241% |
| Other operating charges640/8 | - | - | - | €3,801 | €3,926 | €4,422 | €4,472 | ▲ 1.1% |
| Gross operating margin9900 | €35,253 | €39,247 | €42,376 | €32,232 | €38,385 | €44,912 | €41,459 | ▼ 7.7% |
| Operating profit (loss)9901 | €8,111 | €28,415 | €38,601 | €28,431 | €34,459 | €40,220 | €36,065 | ▼ 10.3% |
| Financial income75/76B | - | - | - | €3,285 | €1,089 | €3,697 | €2,983 | ▼ 19.3% |
| Recurring financial income75 | €2,775 | €3,153 | €3,376 | €3,285 | €1,089 | €3,697 | €2,983 | ▼ 19.3% |
| Financial charges65/66B | - | - | - | €2,805 | €2,049 | €2,316 | €1,932 | ▼ 16.6% |
| Recurring financial charges65 | €95 | €1,549 | €3,628 | €2,805 | €2,049 | €2,316 | €1,932 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €10,791 | €30,019 | €38,348 | €28,910 | €33,498 | €41,601 | €37,116 | ▼ 10.8% |
| Income taxes67/77 | €0 | - | €7,707 | €9,642 | €10,658 | €13,877 | €12,327 | ▼ 11.2% |
| Profit (loss) for the period9904 | €10,791 | €30,019 | €30,641 | €19,268 | €22,839 | €27,724 | €24,790 | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €10,791 | €30,019 | €30,641 | €19,268 | €22,839 | €27,724 | €24,790 | ▼ 10.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €259,244 | €254,728 | €280,168 | €270,666 | €279,111 | €421,693 | €308,976 | ▼ 26.7% |
| Fixed assets21/28 | €138,696 | €131,093 | €131,093 | €131,093 | €131,093 | €138,545 | €142,719 | ▲ 3.0% |
| Tangible fixed assets22/27 | €138,696 | €131,093 | €131,093 | €131,093 | €131,093 | €138,545 | €142,719 | ▲ 3.0% |
| Land and buildings22 | - | - | - | €131,093 | €131,093 | €138,545 | €142,719 | ▲ 3.0% |
| Current assets29/58 | €120,548 | €123,635 | €149,075 | €139,573 | €148,018 | €283,148 | €166,257 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €91,758 | €100,000 | €100,000 | €48,349 | - | - | €5,000 | - |
| Other amounts receivable41 | - | - | - | €48,349 | - | - | €5,000 | - |
| Current investments50/53 | - | - | - | €47,094 | €47,094 | €267,094 | €150,094 | ▼ 43.8% |
| Cash at bank and in hand54/58 | €27,214 | €21,519 | €46,101 | €40,403 | €98,715 | €13,844 | €8,953 | ▼ 35.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,727 | €2,210 | €2,210 | €2,210 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €259,244 | €254,728 | €280,168 | €270,666 | €279,111 | €421,693 | €308,976 | ▼ 26.7% |
| Equity10/15 | €255,673 | €155,693 | €186,334 | €205,602 | €228,441 | €256,165 | €280,954 | ▲ 9.7% |
| Contributions10/11 | €250,000 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Capital10 | - | - | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Issued capital100 | - | - | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | €5,673 | €35,693 | €66,334 | €85,602 | €108,441 | €136,165 | €160,954 | ▲ 18.2% |
| Non-distributable reserves130/1 | - | - | - | €4,633 | €4,633 | €4,633 | €4,633 | = |
| Legal reserve130 | - | - | - | €4,633 | €4,633 | €4,633 | €4,633 | = |
| Distributable reserves133 | - | - | - | €80,968 | €103,808 | €131,532 | €156,321 | ▲ 18.8% |
| Amounts payable17/49 | €3,570 | €99,035 | €93,834 | €65,064 | €50,670 | €165,528 | €28,022 | ▼ 83.1% |
| Amounts payable within one year42/48 | €472 | €95,336 | €90,135 | €65,064 | €46,972 | €165,528 | €28,022 | ▼ 83.1% |
| Trade debts44 | €472 | €481 | €496 | €511 | €567 | €696 | €721 | ▲ 3.6% |
| Suppliers440/4 | - | - | - | €511 | €567 | €696 | €721 | ▲ 3.6% |
| Taxes, remuneration and social security45 | - | - | - | €11,111 | €4,396 | €14,039 | €12,038 | ▼ 14.3% |
| Taxes450/3 | - | - | - | €11,111 | €4,396 | €14,039 | €12,038 | ▼ 14.3% |
| Other amounts payable47/48 | - | - | - | €53,443 | €42,009 | €150,793 | €15,263 | ▼ 89.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,699 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,791 | €30,019 | €30,641 | €19,268 | €22,839 | €27,724 | €24,790 | ▼ 10.6% |
| + Depreciation and write-downs630 | €23,680 | €7,603 | - | - | - | €270 | €922 | ▲ 241% |
| Operating cash flow (approximation) | €34,471 | €37,623 | €30,641 | €19,268 | €22,839 | €27,994 | €25,711 | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€7,722 | -€5,095 | ▲ 34.0% |
| Change in cash | - | -€5,695 | €24,582 | -€5,698 | €58,312 | -€84,871 | -€4,891 | ▲ 94.2% |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00022166 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00018681 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00534791 | |
| 30-06-2022 | micro format | 30-12-2022 | 2023-20551001 | |
| 30-06-2021 | micro format | 21-12-2021 | 2021-80800403 | |
| 30-06-2020 | micro format | 27-10-2020 | 2020-63200304 | |
| 30-06-2019 | micro format | 31-10-2019 | 2019-72100582 | |
| 30-06-2018 | micro format | 31-10-2018 | 2018-70800282 | |
| 30-06-2017 | micro format | 18-10-2017 | 2017-67300193 | |
| 30-06-2016 | abbreviated format | 28-10-2016 | 2016-66400434 |