DAVISION
ActiveSummary
DAVISION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €517,858 and a net result of €48,385. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 25.21 against 26.08 in 2024; short-term debt: 3.8% and cash: 5.5% of total assets), and 3.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
96.2%
Return on assets
9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
46 d early
2023
23 d late
2022
6 d early
2021
9 d early
2020
26 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€517,858▲ 10.3%
2024 · €469,473
Total assets
€538,375▲ 10.6%
2024 · €486,825
Net result
€48,385▼ 1.0%
2024 · €48,883
Working capital
€496,794▲ 14.2%
2024 · €435,178
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,829▲ 21.0%€56,904▼ 25.0%€48,527▼ 14.7%€67,003▲ 38.1%€62,307▼ 7.0%
Net result€54,324▲ 26.8%€39,988▼ 26.4%€35,854▼ 10.3%€48,883▲ 36.3%€48,385▼ 1.0%
Equity€513,345▲ 11.8%€553,333▲ 7.8%€420,589▼ 24.0%€469,473▲ 11.6%€517,858▲ 10.3%
Total assets€540,497▲ 4.4%€583,103▲ 7.9%€439,882▼ 24.6%€486,825▲ 10.7%€538,375▲ 10.6%
Debt€27,152▼ 53.6%€29,769▲ 9.6%€19,293▼ 35.2%€17,352▼ 10.1%€20,517▲ 18.2%
Working capital€495,584▲ 10.6%€528,088▲ 6.6%€396,459▼ 24.9%€435,178▲ 9.8%€496,794▲ 14.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538,375
Fixed assets
€21,064 ▼ 38.6%
Current assets
€517,311 ▲ 14.3%
Equity and liabilities €538,375
Equity
€517,858 ▲ 10.3%
Debt
€20,517 ▲ 18.2%
Debt's share of the balance-sheet total rises from 3.6% to 3.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77,271▼
2024 · €81,044
Cash flow
€63,349▲
2024 · €62,924
Current ratio
25.21▼
2024 · 26.08
Debt to equity
0.04▲
2024 · 0.04
ROE
9.3%▼
2024 · 10.4%
ROA
9.0%▼
2024 · 10.0%
Interest coverage
45.04▲
2024 · 34.84
Debt ≤ 1 year
€20,517▲
2024 · €17,352
Income taxes
€19,154▼
2024 · €19,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,846 | €7,483 | €9,153 | €14,040 | €14,964 | ▲ 6.6% |
| Other operating charges640/8 | €348 | €348 | €418 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €83,023 | €64,735 | €58,098 | €81,431 | €77,671 | ▼ 4.6% |
| Operating profit (loss)9901 | €75,829 | €56,904 | €48,527 | €67,003 | €62,307 | ▼ 7.0% |
| Financial income75/76B | €236 | €414 | €1,966 | €4,139 | €6,948 | ▲ 67.9% |
| Recurring financial income75 | €236 | €414 | €1,966 | €4,139 | €6,948 | ▲ 67.9% |
| Financial charges65/66B | €286 | €1,887 | -€71 | €2,326 | €1,715 | ▼ 26.3% |
| Recurring financial charges65 | €286 | €1,887 | -€71 | €2,326 | €1,715 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €75,780 | €55,432 | €50,564 | €68,816 | €67,539 | ▼ 1.9% |
| Income taxes67/77 | €21,456 | €15,443 | €14,710 | €19,933 | €19,154 | ▼ 3.9% |
| Profit (loss) for the period9904 | €54,324 | €39,988 | €35,854 | €48,883 | €48,385 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €54,324 | €39,988 | €35,854 | €48,883 | €48,385 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,497 | €583,103 | €439,882 | €486,825 | €538,375 | ▲ 10.6% |
| Fixed assets21/28 | €17,761 | €25,246 | €24,131 | €34,295 | €21,064 | ▼ 38.6% |
| Tangible fixed assets22/27 | €17,461 | €24,946 | €23,831 | €33,995 | €20,764 | ▼ 38.9% |
| Land and buildings22 | €9,156 | €7,234 | €5,311 | €4,546 | €3,781 | ▼ 16.8% |
| Furniture and vehicles24 | €7,633 | €17,152 | €14,027 | €19,695 | €8,348 | ▼ 57.6% |
| Other tangible fixed assets26 | €672 | €560 | €4,493 | €9,754 | €8,635 | ▼ 11.5% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €522,736 | €557,857 | €415,751 | €452,530 | €517,311 | ▲ 14.3% |
| Amounts receivable within one year40/41 | €57,144 | €63,904 | €21,178 | €16,560 | €43,935 | ▲ 165% |
| Trade receivables40 | €53,600 | €59,243 | €15,881 | €15,246 | €21,006 | ▲ 37.8% |
| Other amounts receivable41 | €3,544 | €4,661 | €5,297 | €1,314 | €22,929 | ▲ 1,645% |
| Current investments50/53 | €414,380 | €488,133 | €350,278 | €378,585 | €437,803 | ▲ 15.6% |
| Cash at bank and in hand54/58 | €50,510 | €4,950 | €41,755 | €48,627 | €29,565 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | €701 | €870 | €2,541 | €8,759 | €6,008 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,497 | €583,103 | €439,882 | €486,825 | €538,375 | ▲ 10.6% |
| Equity10/15 | €513,345 | €553,333 | €420,589 | €469,473 | €517,858 | ▲ 10.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €494,745 | €534,733 | €401,989 | €450,873 | €499,258 | ▲ 10.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €492,885 | €532,873 | €401,989 | €450,873 | €499,258 | ▲ 10.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €27,152 | €29,769 | €19,293 | €17,352 | €20,517 | ▲ 18.2% |
| Amounts payable within one year42/48 | €27,152 | €29,769 | €19,293 | €17,352 | €20,517 | ▲ 18.2% |
| Financial debts43 | - | €2,519 | €0 | €1,107 | €1,034 | ▼ 6.6% |
| Credit institutions430/8 | - | €2,519 | €0 | €1,107 | €1,034 | ▼ 6.6% |
| Trade debts44 | €5,643 | €5,220 | €12,234 | €643 | €303 | ▼ 52.9% |
| Suppliers440/4 | €5,643 | €5,220 | €12,234 | €643 | €303 | ▼ 52.9% |
| Taxes, remuneration and social security45 | €6,603 | €9,250 | €4,166 | €6,918 | €5,098 | ▼ 26.3% |
| Taxes450/3 | €1,977 | €6,934 | €1,810 | €4,614 | €2,740 | ▼ 40.6% |
| Remuneration and social security454/9 | €4,626 | €2,316 | €2,356 | €2,303 | €2,358 | ▲ 2.4% |
| Other amounts payable47/48 | €14,906 | €12,780 | €2,894 | €8,684 | €14,082 | ▲ 62.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,324 | €39,988 | €35,854 | €48,883 | €48,385 | ▼ 1.0% |
| + Depreciation and write-downs630 | €6,846 | €7,483 | €9,153 | €14,040 | €14,964 | ▲ 6.6% |
| Operating cash flow (approximation) | €61,170 | €47,472 | €45,007 | €62,924 | €63,349 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€14,968 | -€8,038 | -€24,205 | -€1,734 | ▲ 92.8% |
| Change in cash | - | -€45,560 | €36,804 | €6,873 | -€19,062 | ▼ 377% |
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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500,000Eq €517,858 ▲10.3%
8 profitable years in a row build equity to €517,858.
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet €35,854 ▼10.3%
Net result drops to €35,854, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €513,345 ▲11.8%
4 profitable years in a row build equity to €513,345.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 10.39
Current ratio from 4.26 to 10.39; short-term debt falls from €117,680 to €47,700.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Pajottegem · 1 establishment unit since 2008
Ground area
1,111 m²
Building footprint
135 m²
Volume, LiDAR
755 m³
Parcel 23023B0774/00D000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DAVISION
since 20082.171.033.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023B0774/00D000 | Flanders | 1,111 m² | 1 · 135 m² | 10.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 822 EUR awarded · 822 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 822 EUR | 822 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 34,365 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
Founded26-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898126562
Registered
22-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.