DAVINA
ActiveSummary
DAVINA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €3k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-8
Solvency58▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.47 in 2024; short-term debt: 19.5% and cash: 30.3% of total assets), but 66.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.4%
Return on assets
0.3%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
1 d early
2023
on the day
2022
3 d early
2021
17 d late
2020
3 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 95.6%
2024 · €64k
2019: €2k
2020: €-758▼ -131% vs 2019lowest in 7 years
2021: €12k▲ +1746% vs 2020
2022: €16k▲ +24.5% vs 2021
2023: €53k▲ +243% vs 2022
2024: €64k▲ +19.2% vs 2023highest in 7 years
2025: €3k▼ -95.6% vs 2024
2019 → 2025
Working capital
€289k▲ 4.3%
2024 · €277k
2019: €139k
2020: €133k▼ -4.7% vs 2019lowest in 7 years
2021: €147k▲ +10.7% vs 2020
2022: €166k▲ +12.7% vs 2021
2023: €226k▲ +36.2% vs 2022
2024: €277k▲ +23.0% vs 2023
2025: €289k▲ +4.3% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€172k▲ 9.9%€226k▲ 30.9%€289k▲ 28.2%€292k▲ 1.0%
2021: €157klowest in 5 years
2022: €172k▲ +9.9% vs 2021
2023: €226k▲ +30.9% vs 2022
2024: €289k▲ +28.2% vs 2023
2025: €292k▲ +1.0% vs 2024highest in 5 years
Operating result€24k-€31k▲ 27.8%€68k▲ 119%€88k▲ 29.9%€17k▼ 81.1%
2021: €24k
2022: €31k▲ +27.8% vs 2021
2023: €68k▲ +119% vs 2022
2024: €88k▲ +29.9% vs 2023highest in 5 years
2025: €17k▼ -81.1% vs 2024lowest in 5 years
Net result€12k-€16k▲ 24.5%€53k▲ 243%€64k▲ 19.2%€3k▼ 95.6%
2021: €12k
2022: €16k▲ +24.5% vs 2021
2023: €53k▲ +243% vs 2022
2024: €64k▲ +19.2% vs 2023highest in 5 years
2025: €3k▼ -95.6% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €868k
Fixed assets
€408k ▼ 16.2%
Current assets
€460k ▼ 1.4%
Equity and liabilities €874k
Equity
€292k ▲ 1.0%
Debt
€582k ▼ 13.3%
Debt's share of the balance-sheet total falls from 69.9% to 66.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▼
2024 · €164k
Cash flow
€86k▼
2024 · €140k
Current ratio
2.70▲
2024 · 2.47
Quick ratio
1.93▲
2024 · 1.70
Debt to equity
1.99▼
2024 · 2.32
ROE
1.0%▼
2024 · 22.0%
ROA
0.3%▼
2024 · 6.6%
Interest coverage
7.95▼
2024 · 17.59
Debt ≤ 1 year
€170k▼
2024 · €188k
Debt > 1 year
€401k▼
2024 · €483k
Income taxes
€4k▼
2024 · €17k
Staff costs
€134k▲
2024 · €118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€960k€874k▼
Formation expenses20€7k€6k▼
Fixed assets21/28€488k€408k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€483k€404k▼
Plant, machinery and equipment23€425k€361k▼
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25€53k€40k▼
Financial fixed assets28€2k€2k=
Current assets29/58€466k€460k▼
Stocks and contracts in progress3€146k€131k▼
Stocks30/36€146k€131k▼
Amounts receivable within one year40/41€26k€63k▲
Trade receivables40€13k€3k▼
Other amounts receivable41€13k€60k▲
Cash at bank and in hand54/58€294k€265k▼
Deferred charges and accrued income490/1€0€277▲
Equity and liabilities
Total equity and liabilities10/49€960k€874k▼
Equity10/15€289k€292k▲
Contributions10/11€31k€31k=
Reserves13€171k€171k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€171k€171k=
Profit (loss) carried forward14€87k€90k▲
Amounts payable17/49€671k€582k▼
Amounts payable after more than one year17€483k€401k▼
Financial debts170/4€483k€401k▼
Amounts payable within one year42/48€188k€170k▼
Current portion of amounts payable after more than one year42€76k€82k▲
Trade debts44€78k€59k▼
Suppliers440/4€78k€59k▼
Taxes, remuneration and social security45€34k€30k▼
Taxes450/3€9k€3k▼
Remuneration and social security454/9€26k€27k▲
Accrued charges and deferred income492/3€0€11k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€118k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€83k▲
Other operating charges640/8€14k€3k▼
Non-recurring operating charges66A€74€0▼
Gross operating margin9900€296k€237k▼
Operating profit (loss)9901€88k€17k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€9k€13k▲
Recurring financial charges65€9k€13k▲
Profit (loss) for the period before taxes9903€80k€7k▼
Income taxes67/77€17k€4k▼
Profit (loss) for the period9904€64k€3k▼
Profit (loss) for the period to be appropriated9905€64k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€90k▼
Profit (loss) brought forward from the previous period14P€87k€87k=
Transfer to equity691/2€64k€0▼
To other reserves6921€64k€0▼
Social balance
Average headcount (FTE)90873.93.9=
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €85k | €106k | €118k | €134k | ▲ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €52k | €62k | €76k | €83k | ▲ 9.5% |
| Other operating charges640/8 | - | €532 | €8k | €14k | €3k | ▼ 81.5% |
| Non-recurring operating charges66A | - | - | - | €74 | €0 | ▼ 100% |
| Gross operating margin9900 | €56k | €168k | €243k | €296k | €237k | ▼ 19.8% |
| Operating profit (loss)9901 | €24k | €31k | €68k | €88k | €17k | ▼ 81.1% |
| Financial income75/76B | - | - | - | €2k | €3k | ▲ 76.0% |
| Recurring financial income75 | €541 | - | - | €2k | €3k | ▲ 76.0% |
| Financial charges65/66B | - | €9k | €9k | €9k | €13k | ▲ 34.9% |
| Recurring financial charges65 | €6k | €9k | €9k | €9k | €13k | ▲ 34.9% |
| Profit (loss) for the period before taxes9903 | €19k | €22k | €59k | €80k | €7k | ▼ 91.5% |
| Income taxes67/77 | €6k | €6k | €5k | €17k | €4k | ▼ 75.9% |
| Profit (loss) for the period9904 | €12k | €16k | €53k | €64k | €3k | ▼ 95.6% |
| Transfer from tax-exempt reserves789 | - | €23k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €12k | €38k | €53k | €64k | €3k | ▼ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217k | €793k | €767k | €960k | €874k | ▼ 9.0% |
| Formation expenses20 | - | €9k | €8k | €7k | €6k | ▼ 14.0% |
| Fixed assets21/28 | €10k | €478k | €416k | €488k | €408k | ▼ 16.2% |
| Intangible fixed assets21 | €6k | €5k | €4k | €4k | €3k | ▼ 20.0% |
| Tangible fixed assets22/27 | €5k | €472k | €410k | €483k | €404k | ▼ 16.3% |
| Plant, machinery and equipment23 | - | €461k | €403k | €425k | €361k | ▼ 15.0% |
| Furniture and vehicles24 | - | €11k | €7k | €4k | €2k | ▼ 44.3% |
| Leasing and similar rights25 | - | - | - | €53k | €40k | ▼ 24.5% |
| Financial fixed assets28 | €174 | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €207k | €306k | €343k | €466k | €460k | ▼ 1.4% |
| Stocks and contracts in progress3 | €52k | €98k | €115k | €146k | €131k | ▼ 10.7% |
| Stocks30/36 | - | €98k | €115k | €146k | €131k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €122k | €28k | €17k | €26k | €63k | ▲ 147% |
| Trade receivables40 | - | €11k | €800 | €13k | €3k | ▼ 76.7% |
| Other amounts receivable41 | - | €18k | €16k | €13k | €60k | ▲ 364% |
| Cash at bank and in hand54/58 | €32k | €176k | €211k | €294k | €265k | ▼ 9.8% |
| Deferred charges and accrued income490/1 | - | €4k | €587 | €0 | €277 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217k | €793k | €767k | €960k | €874k | ▼ 9.0% |
| Equity10/15 | €157k | €172k | €226k | €289k | €292k | ▲ 1.0% |
| Contributions10/11 | - | €31k | €31k | €31k | €31k | = |
| Reserves13 | €38k | €54k | €107k | €171k | €171k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €0 | - | - |
| Distributable reserves133 | - | €51k | €104k | €171k | €171k | = |
| Profit (loss) carried forward14 | €87k | €87k | €87k | €87k | €90k | ▲ 3.2% |
| Amounts payable17/49 | €60k | €620k | €541k | €671k | €582k | ▼ 13.3% |
| Amounts payable after more than one year17 | - | €480k | €423k | €483k | €401k | ▼ 16.9% |
| Financial debts170/4 | - | €480k | €423k | €483k | €401k | ▼ 16.9% |
| Amounts payable within one year42/48 | €60k | €140k | €117k | €188k | €170k | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | - | €42k | €62k | €76k | €82k | ▲ 7.5% |
| Trade debts44 | €44k | €73k | €36k | €78k | €59k | ▼ 24.4% |
| Suppliers440/4 | - | €73k | €36k | €78k | €59k | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | €25k | €19k | €34k | €30k | ▼ 13.9% |
| Taxes450/3 | - | €5k | €841 | €9k | €3k | ▼ 65.2% |
| Remuneration and social security454/9 | - | €20k | €18k | €26k | €27k | ▲ 3.2% |
| Accrued charges and deferred income492/3 | - | €437 | €875 | €0 | €11k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €16k | €53k | €64k | €3k | ▼ 95.6% |
| + Depreciation and write-downs630 | €3k | €52k | €62k | €76k | €83k | ▲ 9.5% |
| Operating cash flow (approximation) | €16k | €68k | €115k | €140k | €86k | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | €-520k | €18 | €-148k | €-4k | ▲ 97.1% |
| Change in cash | - | €144k | €34k | €83k | €-29k | ▼ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €64k ▲19.2%
Operating result €88k, net result €64k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €200kEq €226k ▲30.9%
3 profitable years in a row build equity to €226k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
31-03
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-03
Financial
Equity above €150kEq €157k ▲8.6%
Equity rises from €144k to €157k.
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
31-03
Financial
Weakest financial yearnet €-758
Net result drops to €-758, the lowest in the series; recovery starts the following year.
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Show earlier events
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nassogne · 1 establishment unit since 2000
Ground area
2,792 m²
Parcel 83040A0500/00H003, Wallonia. Linked by address, not a title deed.
1 establishment unit
DAVINA SPRL
since 20002.131.479.384
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83040A0500/00H003 | Wallonia | 2,792 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyNassogne2.131.479.384
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 3,824 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-2000
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.