DAVIDIS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 13-10-2026 at the NBB all 50 filings
Turnover
≈ €540,000
Estimated: probably between €510,000 and €670,000
EBIT margin
Not included in this filing
Net result
-€20,527▲ 88.3%
2024 · -€175,133
Working capital
-€12.2m▼ 0.2%
2024 · -€12.1m
In the rankings
#4 oldest company in Elsene, Real estate sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€404,976
▼ 3.5%
2025
20192025
Net result
-€20,527
▲ 88.3%
2025
middle half of the sector
20192025
Equity
-€1.0m
▼ 2.4%
2025
lowest quarter of the sector
20192025
Total assets
€11.2m
=
2025
highest quarter of the sector
20192025
Debt
€12.2m
▲ 0.2%
2025
20192025
Working capital
-€12.2m
▼ 0.2%
2025
lowest quarter of the sector
20192025
Solvency
-9.2%
▼ 0.2pp
2025
lowest quarter of the sector
20192025
Current ratio
0.00
=
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-0.2%
▲ 1.4pp
2025
middle half of the sector
20192025
Staff (FTE)
0
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.009m-€0.02m€0.1m▲ 639%-€0.3m€0.3m€0.4m▲ 40.1%€0.4m▼ 3.5%
Net result-€0.01m-€0.02mwithin the sector's middle half€0.1mabove the sector's middle half▲ 756%-€0.4mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 37.0%-€0.2mbelow the sector's middle half▲ 29.3%-€0.02mwithin the sector's middle half▲ 88.3%
Equity-€0.3m--€0.3mbelow the sector's middle half▲ 4.7%-€0.2mbelow the sector's middle half▲ 42.6%-€0.6mbelow the sector's middle half▼ 211%-€0.8mbelow the sector's middle half▼ 42.8%-€1.0mbelow the sector's middle half▼ 21.2%-€1.0mbelow the sector's middle half▼ 2.4%
Total assets€0.3m-€0.3mwithin the sector's middle half▲ 18.6%€0.4mwithin the sector's middle half▲ 35.7%€11.4mabove the sector's middle half▲ 28×€11.3mabove the sector's middle half▼ 1.0%€11.2mabove the sector's middle half▼ 1.0%€11.2mabove the sector's middle half=
Debt€0.6m-€0.6m▲ 5.2%€0.6m▼ 5.0%€12.0m▲ 20×€12.1m▲ 1.2%€12.2m▲ 0.5%€12.2m▲ 0.2%
Working capital-€0.5m--€0.4mbelow the sector's middle half▲ 7.3%-€0.3mbelow the sector's middle half▲ 35.2%-€11.7mbelow the sector's middle half▼ 3,955%-€12.0mbelow the sector's middle half▼ 2.1%-€12.1mbelow the sector's middle half▼ 1.6%-€12.2mbelow the sector's middle half▼ 0.2%
Solvency-134.5%--108.0%below the sector's middle half▲ 26.5pp-45.6%below the sector's middle half▲ 62.3pp-5.1%below the sector's middle half▲ 40.6pp-7.3%below the sector's middle half▼ 2.2pp-8.9%below the sector's middle half▼ 1.6pp-9.2%below the sector's middle half▼ 0.2pp
Current ratio0.04-0.18below the sector's middle half▲ 0.140.45within the sector's middle half▲ 0.270.02below the sector's middle half▼ 0.430.01below the sector's middle half▼ 0.010.00below the sector's middle half▼ 0.010.00below the sector's middle half=
Return on assets (ROA)-4.7%-5.4%within the sector's middle half▲ 10.1pp33.9%above the sector's middle half▲ 28.6pp-3.4%below the sector's middle half▼ 37.4pp-2.2%below the sector's middle half▲ 1.3pp-1.6%within the sector's middle half▲ 0.6pp-0.2%within the sector's middle half▲ 1.4pp
Staff (FTE)2-1.7within the sector's middle half▼ 15.0%1▼ 41.2%0.8below the sector's middle half▼ 20.0%0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 4% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€11.2m =
Current assets
€21,681 ▼ 11.2%
Equity and liabilities
Equity-€1.0m
Debt€12.2m
Equity is negative. Debt (€12.2m) exceeds the balance-sheet total (€11.2m).
Key figures and ratios
Debt ≤ 1 year
€12.2m▲
2024 · €12.2m
Debt > 1 year
€32,076=
2024 · €32,076
Staff costs
€20,841
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 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 1 | 0.8 |
| On a permanent contract | 1 | - |
| Joined | - | 0 |
| Left | - | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €128,700 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €11.0m | - | - | - |
| Depreciation and write-downs of the year | €30,160 | €33,915 | €3,339 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €135,506 | €250,939 | €24 | - | €20,841 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,594 | €30,160 | €30,160 | €33,915 | €3,339 | - | - | - |
| Other operating charges640/8 | - | - | €52,812 | €77,667 | €53,819 | €56,699 | €58,413 | ▲ 3.0% |
| Gross operating margin9900 | €327,731 | €296,266 | €358,441 | €19,121 | €356,851 | €476,486 | €484,230 | ▲ 1.6% |
| Operating profit (loss)9901 | -€8,970 | €18,945 | €139,963 | -€343,400 | €299,668 | €419,787 | €404,976 | ▼ 3.5% |
| Financial income75/76B | - | - | €318 | €427 | €245 | €0 | €44 | ▲ 145× |
| Recurring financial income75 | - | €340 | €318 | €427 | €245 | €0 | €44 | ▲ 145× |
| Financial charges65/66B | - | - | €2,049 | €50,010 | €547,630 | €594,921 | €425,546 | ▼ 28.5% |
| Recurring financial charges65 | €2,899 | €3,135 | €2,049 | €50,010 | €547,630 | €594,921 | €425,546 | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | -€11,869 | €16,150 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Profit (loss) for the period9904 | -€11,869 | €16,150 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Profit (loss) for the period to be appropriated9905 | -€11,869 | €16,150 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.4m | €11.4m | €11.3m | €11.2m | €11.2m | = |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €11.2m | €11.2m | €11.2m | €11.2m | = |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Land and buildings22 | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Financial fixed assets28 | €159 | €159 | €159 | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Current assets29/58 | €0.02m | €0.1m | €0.2m | €0.2m | €0.1m | €0.02m | €0.02m | ▼ 11.2% |
| Amounts receivable within one year40/41 | €0.009m | €0.004m | €0.02m | €0.2m | €0.08m | €0.02m | €0.02m | ▲ 17.8% |
| Trade receivables40 | - | - | €0.02m | - | €0.03m | €0.02m | €0.02m | ▲ 17.8% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.05m | - | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.09m | €0.2m | €0.06m | €0.06m | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €0.002m | - | - | €0.008m | €0.002m | ▼ 71.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.4m | €11.4m | €11.3m | €11.2m | €11.2m | = |
| Equity10/15 | -€0.3m | -€0.3m | -€0.2m | -€0.6m | -€0.8m | -€1.0m | -€1.0m | ▼ 2.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | -€1.0m | -€1.0m | -€0.9m | -€1.3m | -€1.5m | -€1.7m | -€1.7m | ▼ 1.4% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.6m | €12.0m | €12.1m | €12.2m | €12.2m | ▲ 0.2% |
| Amounts payable after more than one year17 | €0.09m | €0.08m | €0.07m | €0.05m | €0.05m | €0.03m | €0.03m | = |
| Financial debts170/4 | - | - | €0.07m | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.05m | €0.05m | €0.03m | €0.03m | = |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €11.9m | €12.1m | €12.2m | €12.2m | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.01m | - | - | - | - | - |
| Financial debts43 | - | - | €0.02m | €11.5m | €11.5m | €11.5m | €11.5m | ▼ 0.1% |
| Credit institutions430/8 | - | - | - | €11.5m | €11.5m | €11.5m | €11.5m | ▲ 0.2% |
| Other loans439 | - | - | €0.02m | - | - | €0.03m | - | - |
| Trade debts44 | €0.05m | €0.04m | €0.02m | €0.07m | €0.04m | €0.05m | €0.06m | ▲ 22.1% |
| Suppliers440/4 | - | - | €0.02m | €0.07m | €0.04m | €0.05m | €0.06m | ▲ 22.1% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.005m | €0.01m | €0.01m | €0.02m | ▲ 42.7% |
| Taxes450/3 | - | - | €0.01m | €0.005m | €0.01m | €0.01m | €0.01m | ▼ 7.8% |
| Remuneration and social security454/9 | - | - | €0.008m | - | - | - | €0.006m | - |
| Other amounts payable47/48 | - | - | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | €0.02m | €0.1m | -€0.4m | -€0.2m | -€0.2m | -€0.02m | ▲ 88.3% |
| + Depreciation and write-downs630 | €0.06m | €0.03m | €0.03m | €0.03m | €0.003m | - | - | - |
| Operating cash flow (approximation) | €0.05m | €0.05m | €0.2m | -€0.4m | -€0.2m | -€0.2m | -€0.02m | ▲ 88.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11.0m | €0 | €0 | €0 | - |
| Change in cash | - | €0.08m | €0.1m | -€0.2m | -€0.003m | - | - | - |
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 50 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-10-2026 | 2026-00555366 | |
| 31-12-2024 | full format | 30-07-2025 | 2025-00360028 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00417723 | |
| 31-12-2022 | full format | 08-12-2023 | 2023-00524693 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20128009 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36700004 | |
| 31-12-2019 | micro format | 07-09-2020 | 2020-51800545 | |
| 31-12-2018 | micro format | 13-06-2019 | 2019-17400008 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-19000017 | |
| 31-12-2016 | micro format | 15-06-2017 | 2017-15400016 |