DAVINDY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-01-2026 PDF all 17 filings
Turnover
≈ €12,000
Estimated: probably between €8,400 and €24,000
Total assets
€61,463▲ 5.3%
2024 · €58,379
Net result
€2,511▲ 4.1%
2024 · €2,411
Working capital
€29,700▲ 9.2%
2024 · €27,189
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€3,611
▲ 4.3%
2025
20192025
Net result
€2,511
▲ 4.1%
2025
middle half of the sector
20192025
Equity
€29,700
▲ 9.2%
2025
lowest quarter of the sector
20192025
Total assets
€61,463
▲ 5.3%
2025
lowest quarter of the sector
20192025
Debt
€31,763
▲ 1.8%
2025
20192025
Working capital
€29,700
▲ 9.2%
2025
middle half of the sector
20192025
Solvency
48.3%
▲ 1.7pp
2025
middle half of the sector
20192025
Current ratio
1.94
▲ 0.06
2025
middle half of the sector
20192025
Return on assets (ROA)
4.1%
=
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€3,570-€3,308▼ 7.4%€3,645▲ 10.2%€2,311▼ 36.6%€4,803▲ 108%€3,461▼ 27.9%€3,611▲ 4.3%
Net result€3,136-€1,426within the sector's middle half▼ 54.5%€2,448within the sector's middle half▲ 71.7%€1,561within the sector's middle half▼ 36.3%€3,374within the sector's middle half▲ 116%€2,411within the sector's middle half▼ 28.5%€2,511within the sector's middle half▲ 4.1%
Equity€15,970-€17,396within the sector's middle half▲ 8.9%€19,844below the sector's middle half▲ 14.1%€21,405within the sector's middle half▲ 7.9%€24,778within the sector's middle half▲ 15.8%€27,189below the sector's middle half▲ 9.7%€29,700below the sector's middle half▲ 9.2%
Total assets€47,746-€48,880below the sector's middle half▲ 2.4%€51,573below the sector's middle half▲ 5.5%€54,867below the sector's middle half▲ 6.4%€56,314below the sector's middle half▲ 2.6%€58,379below the sector's middle half▲ 3.7%€61,463below the sector's middle half▲ 5.3%
Debt€31,776-€31,484▼ 0.9%€31,729▲ 0.8%€33,462▲ 5.5%€31,536▼ 5.8%€31,190▼ 1.1%€31,763▲ 1.8%
Working capital€15,970-€17,396within the sector's middle half▲ 8.9%€19,844within the sector's middle half▲ 14.1%€21,405within the sector's middle half▲ 7.9%€24,778within the sector's middle half▲ 15.8%€27,189within the sector's middle half▲ 9.7%€29,700within the sector's middle half▲ 9.2%
Solvency33.4%-35.6%within the sector's middle half▲ 2.1pp38.5%within the sector's middle half▲ 2.9pp39.0%within the sector's middle half▲ 0.5pp44.0%within the sector's middle half▲ 5.0pp46.6%within the sector's middle half▲ 2.6pp48.3%within the sector's middle half▲ 1.7pp
Current ratio1.50-1.55within the sector's middle half▲ 0.051.63within the sector's middle half▲ 0.071.64within the sector's middle half▲ 0.011.79within the sector's middle half▲ 0.151.87within the sector's middle half▲ 0.091.94within the sector's middle half▲ 0.06
Return on assets (ROA)6.6%-2.9%within the sector's middle half▼ 3.7pp4.7%within the sector's middle half▲ 1.8pp2.8%within the sector's middle half▼ 1.9pp6.0%within the sector's middle half▲ 3.1pp4.1%within the sector's middle half▼ 1.9pp4.1%within the sector's middle half=
Staff (FTE)0.1-0.1below the sector's middle half=0.1below the sector's middle half=1▲ 900%
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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
Equity and liabilities €61,463
Equity
€29,700 ▲ 9.2%
Debt
€31,763 ▲ 1.8%
Debt's share of the balance-sheet total falls from 53.4% to 51.7%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.07▼
2024 · 1.15
ROE
8.5%▼
2024 · 8.9%
Debt ≤ 1 year
€31,763▲
2024 · €31,190
Income taxes
€940▲
2024 · €878
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €6,358 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €551 | €348 | €482 | €387 | ▼ 19.7% |
| Gross operating margin9900 | €9,913 | €9,740 | €10,028 | €9,220 | €5,150 | €3,944 | €3,999 | ▲ 1.4% |
| Operating profit (loss)9901 | €3,570 | €3,308 | €3,645 | €2,311 | €4,803 | €3,461 | €3,611 | ▲ 4.3% |
| Financial charges65/66B | - | - | - | €151 | €203 | €173 | €160 | ▼ 7.5% |
| Recurring financial charges65 | €155 | €129 | €135 | €151 | €203 | €173 | €160 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €3,415 | €3,179 | €3,510 | €2,160 | €4,600 | €3,288 | €3,451 | ▲ 4.9% |
| Income taxes67/77 | €279 | €1,754 | €1,062 | €600 | €1,226 | €878 | €940 | ▲ 7.2% |
| Profit (loss) for the period9904 | €3,136 | €1,426 | €2,448 | €1,561 | €3,374 | €2,411 | €2,511 | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €3,136 | €1,426 | €2,448 | €1,561 | €3,374 | €2,411 | €2,511 | ▲ 4.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €47,746 | €48,880 | €51,573 | €54,867 | €56,314 | €58,379 | €61,463 | ▲ 5.3% |
| Current assets29/58 | €47,746 | €48,880 | €51,573 | €54,867 | €56,314 | €58,379 | €61,463 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €46,889 | €48,343 | €51,126 | €54,698 | €55,151 | €57,964 | €61,358 | ▲ 5.9% |
| Trade receivables40 | - | - | - | €39,311 | €40,408 | €42,168 | €44,628 | ▲ 5.8% |
| Other amounts receivable41 | - | - | - | €15,387 | €14,744 | €15,797 | €16,730 | ▲ 5.9% |
| Cash at bank and in hand54/58 | €857 | €537 | €447 | €168 | €1,163 | €415 | €105 | ▼ 74.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €47,746 | €48,880 | €51,573 | €54,867 | €56,314 | €58,379 | €61,463 | ▲ 5.3% |
| Equity10/15 | €15,970 | €17,396 | €19,844 | €21,405 | €24,778 | €27,189 | €29,700 | ▲ 9.2% |
| Contributions10/11 | €12,500 | - | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €191 | €191 | €191 | €191 | €191 | €191 | €191 | = |
| Non-distributable reserves130/1 | - | - | - | €191 | €191 | €191 | €191 | = |
| Reserves not available under the articles1311 | - | - | - | €191 | €191 | €191 | €191 | = |
| Profit (loss) carried forward14 | €3,279 | €4,704 | €7,153 | €8,713 | €12,087 | €14,498 | €17,008 | ▲ 17.3% |
| Amounts payable17/49 | €31,776 | €31,484 | €31,729 | €33,462 | €31,536 | €31,190 | €31,763 | ▲ 1.8% |
| Amounts payable within one year42/48 | €31,776 | €31,484 | €31,729 | €33,462 | €31,536 | €31,190 | €31,763 | ▲ 1.8% |
| Trade debts44 | €847 | €655 | €42 | €2,659 | €960 | €964 | €977 | ▲ 1.3% |
| Suppliers440/4 | - | - | - | €2,659 | €960 | €964 | €977 | ▲ 1.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,674 | €1,447 | €1,097 | €1,657 | ▲ 51.1% |
| Taxes450/3 | - | - | - | €600 | €1,447 | €1,097 | €1,657 | ▲ 51.1% |
| Remuneration and social security454/9 | - | - | - | €1,074 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €29,129 | €29,129 | €29,129 | €29,129 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,136 | €1,426 | €2,448 | €1,561 | €3,374 | €2,411 | €2,511 | ▲ 4.1% |
| Operating cash flow (approximation) | €3,136 | €1,426 | €2,448 | €1,561 | €3,374 | €2,411 | €2,511 | ▲ 4.1% |
| Change in cash | - | -€320 | -€90 | -€279 | €994 | -€748 | -€310 | ▲ 58.6% |
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, 10,904 companies had the same profile as DAVINDY has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DAVINDY itself: 0.4% 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 10,904 companies, not a prediction for DAVINDY. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00021197 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00019149 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00015702 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00012027 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-02900126 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02500489 | |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03100085 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03100463 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-04300377 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03400225 |