DAVITECH
ActiveFrom the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
DAVITECH has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,428 and a net result of €214. Equity has been growing by about 9.1% per year since 2018. Its solvency ranks better than 95% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 02-04-2009 Normal situation
- Activity
- General electrical installation work NACE 43211and 1 other
- Establishment unit
- 2.178.252.289 3870 Heers, since 09-04-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €7,990
- Turnover
- ≈ €67,000
- estimated
- Profit
- €214
- Equity
- €113,428
- ▲ 0.2%
- Total assets
- €121,351
- ▼ 0.8%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 15.88, cash €72,846Equity €113,428 (93.5% of total assets)Founded in 2009Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 35% on profitability and 36% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 16 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €644, after a loss of €8,012 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as DAVITECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €107,000 and €131,000, founded between 2007 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| DAVITECH Heers | 2009 | €121,351 | €113,428 | €7,990 | - | €214 | 2025 |
| EVASI Amay | 2009 | €126,961 | €81,867 | €7,585 | €70,320 | €5,876 | 2024 |
| ULVENHOUT Antwerpen | 2010 | €116,279 | €72,539 | €7,654 | - | €5,139 | 2025 |
| PEETERS INSTALLATIEBEDRIJF Herentals | 2007 | €118,101 | €96,693 | €7,815 | - | €482 | 2025 |
| WESS SOLUTIONS LTD DONCASTER | 2007 | €130,600 | €75,990 | €8,679 | - | -€2,141 | 2025 |
| PAL MULTISERVICES Ottignies-Louvain-la-Neuve | 2010 | €118,691 | €109,181 | €8,950 | - | €2,512 | 2025 |
| ELECTRICCHAUF Sint-Jans-Molenbeek | 2008 | €106,669 | €69,468 | €6,574 | - | €1,662 | 2024 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 10,904 companies had the same profile as DAVITECH has now. Two years later, 0.7% had gone bankrupt and 95.2% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of DAVITECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 DAVITECH. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,694 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €79 | €493 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,779 | €13,868 | €5,960 | €5,192 | €5,243 | €4,915 | €5,802 | €6,389 | ▲ 10.1% |
| Other operating charges640/8 | - | - | - | €937 | €970 | €1,556 | €874 | €957 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | - | €1,000 | - | - | - | - | - |
| Gross operating margin9900 | -€10,755 | -€18,679 | €21,579 | €43,894 | €52,115 | €8,153 | -€1,336 | €7,990 | - |
| Operating profit (loss)9901 | -€26,691 | -€33,068 | €15,028 | €36,764 | €45,823 | €1,189 | -€8,012 | €644 | - |
| Financial income75/76B | - | - | - | €105 | €206 | €185 | €331 | €302 | ▼ 8.7% |
| Recurring financial income75 | €89 | €214 | €1,621 | €105 | €206 | €185 | €331 | €302 | ▼ 8.7% |
| Financial charges65/66B | - | - | - | €470 | €708 | €1,373 | €1,644 | €522 | ▼ 68.3% |
| Recurring financial charges65 | €1,351 | €627 | €387 | €470 | €708 | €1,373 | €1,644 | €522 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | -€27,953 | -€33,981 | €15,675 | €36,399 | €45,321 | €1 | -€9,326 | €424 | - |
| Income taxes67/77 | €516 | €473 | €1,806 | €3,627 | €4,841 | €625 | €160 | €210 | ▲ 31.3% |
| Profit (loss) for the period9904 | -€28,469 | -€34,453 | €13,870 | €32,772 | €40,480 | -€625 | -€9,486 | €214 | - |
| Profit (loss) for the period to be appropriated9905 | -€28,469 | -€34,453 | €13,870 | €32,772 | €40,480 | -€625 | -€9,486 | €214 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €130,107 | €74,317 | €82,696 | €127,128 | €178,560 | €171,691 | €122,325 | €121,351 | ▼ 0.8% |
| Fixed assets21/28 | €21,645 | €7,777 | €10,462 | €23,436 | €18,194 | €14,428 | €14,332 | €7,943 | ▼ 44.6% |
| Intangible fixed assets21 | €42 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €21,603 | €7,777 | €10,462 | €23,436 | €18,194 | €14,428 | €14,332 | €7,943 | ▼ 44.6% |
| Plant, machinery and equipment23 | - | - | - | €1,154 | €656 | €1,438 | €2,713 | €1,585 | ▼ 41.6% |
| Furniture and vehicles24 | - | - | - | €22,283 | €17,538 | €12,989 | €11,618 | €6,358 | ▼ 45.3% |
| Current assets29/58 | €108,462 | €66,541 | €72,233 | €103,691 | €160,366 | €157,264 | €107,993 | €113,407 | ▲ 5.0% |
| Stocks and contracts in progress3 | €37,623 | €11,672 | €10,574 | €7,839 | €41,910 | €44,841 | €37,341 | €27,341 | ▼ 26.8% |
| Stocks30/36 | - | - | - | €7,839 | €41,910 | €44,841 | €37,341 | €27,341 | ▼ 26.8% |
| Amounts receivable within one year40/41 | €34,162 | €23,485 | €31,152 | €28,058 | €34,664 | €26,823 | €30,627 | €10,605 | ▼ 65.4% |
| Trade receivables40 | - | - | - | €27,998 | €26,776 | €9,848 | €11,300 | €7,888 | ▼ 30.2% |
| Other amounts receivable41 | - | - | - | €60 | €7,888 | €16,975 | €19,327 | €2,717 | ▼ 85.9% |
| Cash at bank and in hand54/58 | €29,996 | €29,140 | €25,725 | €63,344 | €80,009 | €82,030 | €36,815 | €72,846 | ▲ 97.9% |
| Deferred charges and accrued income490/1 | - | - | - | €4,451 | €3,784 | €3,569 | €3,210 | €2,615 | ▼ 18.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €130,107 | €74,317 | €82,696 | €127,128 | €178,560 | €171,691 | €122,325 | €121,351 | ▼ 0.8% |
| Equity10/15 | €81,342 | €46,888 | €60,758 | €93,530 | €134,010 | €122,700 | €113,214 | €113,428 | ▲ 0.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €62,742 | €28,288 | €42,158 | €74,930 | €115,410 | €104,724 | €94,614 | €94,828 | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €74,930 | €113,550 | €104,724 | €94,614 | €94,828 | ▲ 0.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | -€625 | - | - | - |
| Amounts payable17/49 | €48,766 | €27,429 | €21,938 | €33,598 | €44,550 | €48,992 | €9,111 | €7,922 | ▼ 13.0% |
| Amounts payable after more than one year17 | €12,624 | €1,996 | - | €13,209 | €13,209 | €5,354 | €1,103 | - | - |
| Financial debts170/4 | - | - | - | €13,209 | €13,209 | €5,354 | €1,103 | - | - |
| Amounts payable within one year42/48 | €36,142 | €25,434 | €21,938 | €20,388 | €31,341 | €43,637 | €5,974 | €7,140 | ▲ 19.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,904 | - | €4,017 | €4,253 | €1,097 | ▼ 74.2% |
| Trade debts44 | €16,492 | €9,235 | €12,231 | €11,010 | €19,115 | €18,322 | €1,534 | €6,033 | ▲ 293% |
| Suppliers440/4 | - | - | - | €11,010 | €19,115 | €18,322 | €1,534 | €6,033 | ▲ 293% |
| Advances received on contracts in progress46 | - | - | - | - | - | €1,937 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,474 | €8,668 | €16,127 | - | €10 | - |
| Taxes450/3 | - | - | - | €5,474 | €8,068 | €15,527 | - | €10 | - |
| Remuneration and social security454/9 | - | - | - | - | €600 | €600 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €3,558 | €3,235 | €187 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €2,034 | €782 | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,469 | -€34,453 | €13,870 | €32,772 | €40,480 | -€625 | -€9,486 | €214 | - |
| + Depreciation and write-downs630 | €14,779 | €13,868 | €5,960 | €5,192 | €5,243 | €4,915 | €5,802 | €6,389 | ▲ 10.1% |
| Operating cash flow (approximation) | -€13,690 | -€20,585 | €19,830 | €37,965 | €45,722 | €4,291 | -€3,684 | €6,603 | - |
| Investment in fixed assets (approximation) | - | €0 | -€8,646 | -€18,166 | €0 | -€1,149 | -€5,706 | €0 | - |
| Change in cash | - | -€856 | -€3,416 | €37,619 | €16,665 | €2,022 | -€45,216 | €36,031 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00223601 | NBB |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00375970 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00228793 | |
| 31-12-2022 | micro format | 26-09-2023 | 2023-00456378 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20081164 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43100548 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21000322 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-20500511 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-31700546 | |
| 31-12-2016 | micro format | 19-06-2017 | 2017-19500542 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 25-09-2023 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VIJGEN, Danny Eduard Ghislain |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meerdere…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering, statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie”
Articles of association, deed of 25-09-2023 (in Dutch)
Network & group
DAVITECH shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DAVITECH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-09
Gazette deed
Resignation: VIJGEN, Danny Eduard Ghislain (manager)Appointment: VIJGEN, Danny Eduard Ghislain (director) · Director discharge · Registered office clause11 points ▸
- Director resignation, VIJGEN, Danny Eduard Ghislain (manager)
- Director appointment, VIJGEN, Danny Eduard Ghislain (director (not named in the articles))
- Director discharge, VIJGEN, Danny Eduard Ghislain
- Registered office clause, “3870 Heers, Bovelingenstraat 75” (deed in Dutch)
- General meeting, “buitengewone algemene vergadering van de besloten vennootschap DAVITECH” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, Eerste besluit” (deed in Dutch)
- Capital conversion, “vaststelling van rechtswege omzetting, Tweede besluit” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, Niet van toepassing” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0811.079.356
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73049B0039/00F000 | Flanders | 766 m² | 1 · 320 m² | 9.5 m · 1 |