DC Consultancy
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-02-2026 PDF all 17 filings
Turnover
≈ €8,800
Estimated: probably between €4,200 and €18,000
Total assets
€4,599▲ 22.2%
2024 · €3,765
Net result
€1,178
2024 · -€140
Working capital
-€4,583▲ 19.2%
2024 · -€5,670
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€1,241
2025
20192025
Net result
€1,178
2025
lowest quarter of the sector
20192025
Equity
-€4,583
▲ 20.4%
2025
lowest quarter of the sector
20192025
Total assets
€4,599
▲ 22.2%
2025
lowest quarter of the sector
20192025
Debt
€9,182
▼ 3.6%
2025
20192025
Working capital
-€4,583
▲ 19.2%
2025
lowest quarter of the sector
20192025
Solvency
no figure
2025
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,707--€6,187-€3,201▲ 48.3%-€899▲ 71.9%-€2,220▼ 147%-€65▲ 97.1%€1,241
Net result€1,656--€6,247below the sector's middle half-€3,261below the sector's middle half▲ 47.8%-€961below the sector's middle half▲ 70.5%-€2,286below the sector's middle half▼ 138%-€140below the sector's middle half▲ 93.9%€1,178below the sector's middle half
Equity€7,135-€887below the sector's middle half▼ 87.6%-€2,374below the sector's middle half-€3,335below the sector's middle half▼ 40.5%-€5,621below the sector's middle half▼ 68.5%-€5,761below the sector's middle half▼ 2.5%-€4,583below the sector's middle half▲ 20.4%
Total assets€14,115-€7,963below the sector's middle half▼ 43.6%€5,170below the sector's middle half▼ 35.1%€6,736below the sector's middle half▲ 30.3%€5,448below the sector's middle half▼ 19.1%€3,765below the sector's middle half▼ 30.9%€4,599below the sector's middle half▲ 22.2%
Debt€6,981-€7,076▲ 1.4%€7,543▲ 6.6%€10,070▲ 33.5%€11,069▲ 9.9%€9,526▼ 13.9%€9,182▼ 3.6%
Working capital€6,967-€803within the sector's middle half▼ 88.5%-€3,250below the sector's middle half-€4,248below the sector's middle half▼ 30.7%-€5,969below the sector's middle half▼ 40.5%-€5,670below the sector's middle half▲ 5.0%-€4,583below the sector's middle half▲ 19.2%
Solvency50.5%-11.1%below the sector's middle half▼ 39.4pp-45.9%below the sector's middle half▼ 57.1pp-49.5%below the sector's middle half▼ 3.6pp-103.2%below the sector's middle half▼ 53.7pp
Current ratio2.00-1.11within the sector's middle half▼ 0.880.57below the sector's middle half▼ 0.540.58below the sector's middle half▲ 0.010.46below the sector's middle half▼ 0.12
Return on assets (ROA)11.7%--78.4%below the sector's middle half▼ 90.2pp-63.1%below the sector's middle half▲ 15.4pp-14.3%below the sector's middle half▲ 48.8pp-42.0%below the sector's middle half▼ 27.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 a profit of €1,241, after a loss of €65 in 2024. It is the highest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
EBITDA
€1,349▲
2024 · €174
Cash flow
€1,286▲
2024 · €100
Interest coverage
21.45▲
2024 · 2.34
Debt ≤ 1 year
€9,182▼
2024 · €9,327
The ratios are withheld because a balance sheet total of €4,599 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,203 | €494 | - | - | - |
| Depreciation and write-downs of the year | €410 | €457 | €566 | €239 | €108 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €281 | €84 | €410 | €457 | €566 | €239 | €108 | ▼ 54.8% |
| Other operating charges640/8 | - | - | €468 | €500 | €502 | €545 | €531 | ▼ 2.4% |
| Gross operating margin9900 | €2,468 | -€5,984 | -€2,323 | €58 | -€1,153 | €719 | €1,880 | ▲ 162% |
| Operating profit (loss)9901 | €1,707 | -€6,187 | -€3,201 | -€899 | -€2,220 | -€65 | €1,241 | - |
| Financial income75/76B | - | - | €0 | - | €0 | - | - | - |
| Recurring financial income75 | €1 | - | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €60 | €62 | €66 | €74 | €63 | ▼ 15.5% |
| Recurring financial charges65 | €53 | €60 | €60 | €62 | €66 | €74 | €63 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €1,656 | -€6,247 | -€3,261 | -€961 | -€2,286 | -€140 | €1,178 | - |
| Profit (loss) for the period9904 | €1,656 | -€6,247 | -€3,261 | -€961 | -€2,286 | -€140 | €1,178 | - |
| Profit (loss) for the period to be appropriated9905 | €1,656 | -€6,247 | -€3,261 | -€961 | -€2,286 | -€140 | €1,178 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,115 | €7,963 | €5,170 | €6,736 | €5,448 | €3,765 | €4,599 | ▲ 22.2% |
| Fixed assets21/28 | €168 | €84 | €877 | €914 | €348 | €108 | - | - |
| Tangible fixed assets22/27 | €168 | €84 | €877 | €914 | €348 | €108 | - | - |
| Furniture and vehicles24 | - | - | €877 | €914 | €348 | €108 | - | - |
| Current assets29/58 | €13,948 | €7,880 | €4,293 | €5,822 | €5,101 | €3,657 | €4,599 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €1,497 | €2,448 | €755 | €171 | €2,077 | €638 | €208 | ▼ 67.4% |
| Trade receivables40 | - | - | €53 | €53 | €1,912 | €328 | €53 | ▼ 84.0% |
| Other amounts receivable41 | - | - | €703 | €119 | €165 | €309 | €155 | ▼ 49.8% |
| Cash at bank and in hand54/58 | €12,451 | €5,431 | €3,538 | €5,621 | €2,994 | €3,019 | €4,363 | ▲ 44.5% |
| Deferred charges and accrued income490/1 | - | - | - | €29 | €29 | - | €29 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,115 | €7,963 | €5,170 | €6,736 | €5,448 | €3,765 | €4,599 | ▲ 22.2% |
| Equity10/15 | €7,135 | €887 | -€2,374 | -€3,335 | -€5,621 | -€5,761 | -€4,583 | ▲ 20.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €13,568 | €13,568 | €13,568 | €13,568 | €13,568 | €13,568 | €13,568 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €11,708 | €11,708 | €11,708 | €11,708 | €11,708 | = |
| Profit (loss) carried forward14 | -€18,833 | -€25,080 | -€28,341 | -€29,303 | -€31,589 | -€31,728 | -€30,551 | ▲ 3.7% |
| Amounts payable17/49 | €6,981 | €7,076 | €7,543 | €10,070 | €11,069 | €9,526 | €9,182 | ▼ 3.6% |
| Amounts payable within one year42/48 | €6,981 | €7,076 | €7,543 | €10,070 | €11,069 | €9,327 | €9,182 | ▼ 1.5% |
| Trade debts44 | €1,898 | €2,415 | €683 | €802 | €2,481 | €738 | €614 | ▼ 16.8% |
| Suppliers440/4 | - | - | €683 | €802 | €2,481 | €738 | €614 | ▼ 16.8% |
| Taxes, remuneration and social security45 | - | - | €202 | €157 | €225 | €225 | €225 | = |
| Taxes450/3 | - | - | €202 | €157 | €225 | €225 | €225 | = |
| Other amounts payable47/48 | - | - | €6,658 | €9,112 | €8,363 | €8,363 | €8,343 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €200 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,656 | -€6,247 | -€3,261 | -€961 | -€2,286 | -€140 | €1,178 | - |
| + Depreciation and write-downs630 | €281 | €84 | €410 | €457 | €566 | €239 | €108 | ▼ 54.8% |
| Operating cash flow (approximation) | €1,937 | -€6,163 | -€2,851 | -€504 | -€1,720 | €100 | €1,286 | ▲ 13× |
| Investment in fixed assets (approximation) | - | €0 | -€1,203 | -€494 | €0 | €0 | - | - |
| Change in cash | - | -€7,020 | -€1,893 | €2,084 | -€2,627 | €25 | €1,344 | ▲ 54× |
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, 3,632 companies had the same profile as DC Consultancy has now. Two years later, 91.9% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.9%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DC Consultancy itself is lower: 0.1% within 12 months. It rests on far more data about DC Consultancy than the profile alone.
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 3,632 companies, not a prediction for DC Consultancy. 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 |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-02-2026 | 2026-00044971 | |
| 30-09-2024 | micro format | 24-04-2025 | 2025-00074585 | |
| 30-09-2023 | micro format | 12-03-2024 | 2024-00042015 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00070833 | |
| 30-09-2021 | micro format | 26-04-2022 | 2022-20008270 | |
| 30-09-2020 | micro format | 26-04-2021 | 2021-11100270 | |
| 30-09-2019 | micro format | 28-02-2020 | 2020-05800211 | |
| 30-09-2018 | micro format | 28-02-2019 | 2019-05900050 | |
| 30-09-2017 | micro format | 28-02-2018 | 2018-05600495 | |
| 30-09-2016 | abbreviated format | 24-02-2017 | 2017-05000322 |