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DC ENVIRONMENT

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Public limited companyfounded 2004active for 22 yearsRue du Roton(FAR) 57, 6240 Farciennes, BelgiumKBO/BCE: BE 0864.548.231

Financials · financial year 2025, full format

Annual accounts 2025 filed on 30-07-2026 at the NBB all 22 filings

Turnover
€4.8m▼ 53.3%
2019 · €10.4m
EBIT margin
7.9%▲ 3.6pp
2019 · 4.3%
Net result
€133,013▼ 61.3%
2024 · €343,415
Working capital
-€56,255
2024 · €94,338
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 59% lower than in 2024.

Turnover€4.8m 2024 Operating result€0.2m 2025 Net result€0.1m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€9.5m-€10.4m▲ 8.7%€4.8m
Operating result€0.1m-€0.4m▲ 345%€0.007m▼ 98.4%€0.005m▼ 34.1%€0.06m▲ 12×€0.08m▲ 30.4%€0.4m▲ 410%€0.2m▼ 58.9%
Net result€0.08m-€0.4m▲ 472%-€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▼ 12.1%€0.002mbelow the sector's middle half€0.01mwithin the sector's middle half▲ 404%€0.3mabove the sector's middle half▲ 35×€0.1mwithin the sector's middle half▼ 61.3%
EBIT margin1.1%-4.3%▲ 3.2pp7.9%
Equity€0.6m-€0.5m▼ 7.1%€0.5mabove the sector's middle half▼ 3.8%€0.5mwithin the sector's middle half▼ 4.4%€0.5mwithin the sector's middle half▼ 3.6%€0.4mwithin the sector's middle half▼ 4.4%€0.4mwithin the sector's middle half▼ 1.0%€0.4mwithin the sector's middle half▼ 0.6%
Total assets€3.9m-€3.5m▼ 10.5%€4.5mabove the sector's middle half▲ 31.7%€4.9mabove the sector's middle half▲ 8.4%€4.9mabove the sector's middle half▼ 0.6%€4.6mabove the sector's middle half▼ 6.7%€4.0mabove the sector's middle half▼ 13.2%€1.6mwithin the sector's middle half▼ 59.3%
Debt€3.3m-€2.9m▼ 11.1%€4.0m▲ 38.1%€4.4m▲ 10.0%€4.4m▼ 0.3%€4.1m▼ 6.9%€3.5m▼ 14.5%€1.2m▼ 66.7%
Working capital€0.6m-€0.01m▼ 98.2%€0.3mwithin the sector's middle half▲ 25×€0.1mwithin the sector's middle half▼ 63.7%-€0.04mbelow the sector's middle half€0.04mwithin the sector's middle half€0.09mwithin the sector's middle half▲ 167%-€0.06mbelow the sector's middle half
Solvency14.8%-15.3%▲ 0.6pp11.2%below the sector's middle half▼ 4.1pp9.9%below the sector's middle half▼ 1.3pp9.6%below the sector's middle half▼ 0.3pp9.8%below the sector's middle half▲ 0.2pp11.2%below the sector's middle half▲ 1.4pp27.4%within the sector's middle half▲ 16.2pp
Current ratio1.25-1.00▼ 0.241.11below the sector's middle half▲ 0.101.04below the sector's middle half▼ 0.070.99below the sector's middle half▼ 0.051.01below the sector's middle half▲ 0.021.03below the sector's middle half▲ 0.020.91below the sector's middle half▼ 0.12
Return on assets (ROA)2.0%-12.5%▲ 10.5pp-0.4%below the sector's middle half▼ 12.9pp-0.5%below the sector's middle half=0.0%below the sector's middle half▲ 0.5pp0.2%below the sector's middle half▲ 0.2pp8.7%within the sector's middle half▲ 8.4pp8.2%within the sector's middle half▼ 0.4pp
Staff (FTE)27.4-25.5▼ 6.9%23.8above the sector's middle half▼ 6.7%27.2above the sector's middle half▲ 14.3%28.2above the sector's middle half▲ 3.7%28.2above the sector's middle half=14.9within the sector's middle half▼ 47.2%14.9within the sector's middle half=
above within below 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.0m ▼ 8.7%
Current assets €569,947 ▼ 79.8%
Equity and liabilities €1.6m
Equity €442,379 ▼ 0.6%
Debt €1.2m ▼ 66.7%
Debt's share of the balance-sheet total falls from 88.8% to 72.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€515,319▼
2024 · €743,653
Cash flow
€490,335▼
2024 · €703,010
Debt to equity
2.65▼
2024 · 7.91
ROE
30.1%▼
2024 · 77.2%
Interest coverage
17.23▼
2024 · 17.79
Debt ≤ 1 year
€626,201▼
2024 · €2.7m
Debt > 1 year
€545,317▼
2024 · €793,306
Income taxes
€1,101▼
2024 · €2,275
Staff costs
€1.0m▲
2024 · €975,866
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date2925221414
full-time2925201414
part-time--200
in full-time equivalents292521.71414
Average over the year, in full-time equivalents27.228.223.914.914.9
On a permanent contract2925221414
Joined1241922
Left78221010
Training hours28387340320320

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets--€160,047€68,934-
Debts guaranteed by Belgian public bodies----€175,559
Pledge on the business--€450,000€450,000€450,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€637,500€188,661€275,111€41,428€253,448
Financial fixed assets€2,199€28,699--€4,000
Depreciation and write-downs of the year€317,446€387,824€380,099€359,596€357,322

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.0m€1.6m▼
Formation expenses20€0€0=
Fixed assets21/28€1.1m€1.0m▼
Tangible fixed assets22/27€1.1m€1.0m▼
Land and buildings22€0.2m€0.2m▼
Plant, machinery and equipment23€0.06m€0.1m▲
Furniture and vehicles24€0.06m€0.06m▼
Leasing and similar rights25€0.3m€0.3m▼
Other tangible fixed assets26€0.4m€0.3m▼
Financial fixed assets28€0.04m€0.05m▲
Current assets29/58€2.8m€0.6m▼
Amounts receivable within one year40/41€2.6m€0.4m▼
Trade receivables40€2.5m€0.4m▼
Other amounts receivable41€0.08m€0.03m▼
Cash at bank and in hand54/58€0.2m€0.1m▼
Deferred charges and accrued income490/1€0.04m€0.03m▼
Equity and liabilities
Total equity and liabilities10/49€4.0m€1.6m▼
Equity10/15€0.4m€0.4m▼
Contributions10/11€0.4m€0.4m=
Capital10€0.4m€0.4m=
Issued capital100€0.4m€0.4m=
Reserves13€0.04m€0.04m=
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Profit (loss) carried forward14€0.03m€0.03m▲
Investment grants15€0.03m€0.03m▼
Amounts payable17/49€3.5m€1.2m▼
Amounts payable after more than one year17€0.8m€0.5m▼
Financial debts170/4€0.8m€0.5m▼
Amounts payable within one year42/48€2.7m€0.6m▼
Current portion of amounts payable after more than one year42€0.3m€0.1m▼
Trade debts44€1.9m€0.4m▼
Suppliers440/4€1.9m€0.4m▼
Advances received on contracts in progress46€0.08m-
Taxes, remuneration and social security45€0.08m€0.03m▼
Taxes450/3€0.08m€0.01m▼
Remuneration and social security454/9€0.007m€0.02m▲
Other amounts payable47/48€0.4m€0.1m▼
Accrued charges and deferred income492/3€20€77▲
Income statement Code20242025
Turnover70€4.8m-
Non-recurring operating income76A-€0.02m
Goods, raw materials, services and sundry goods60/61€3.2m-
Remuneration, social security and pensions62€1.0m€1.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.02m
Other operating charges640/8€0.03m€0.03m▼
Operating charges capitalised as restructuring costs649€0-
Non-recurring operating charges66A€0.01m€0.05m▲
Gross operating margin9900€1.8m€1.6m▼
Operating profit (loss)9901€0.4m€0.2m▼
Financial income75/76B€0.004m€0.006m▲
Recurring financial income75€0.004m€0.006m▲
Financial charges65/66B€0.04m€0.03m▼
Recurring financial charges65€0.04m€0.03m▼
Non-recurring financial charges66B€400-
Profit (loss) for the period before taxes9903€0.3m€0.1m▼
Income taxes67/77€0.002m€0.001m▼
Profit (loss) for the period9904€0.3m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.3m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.2m▼
Profit (loss) brought forward from the previous period14P€0.03m€0.03m▼
Profit to be distributed694/7€0.3m€0.1m▼
Directors or managers695€0.3m€0.1m▼
Social balance sheet
Average headcount (FTE)908714.914.9=

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Line20182019202020212022202320242025Change
Turnover70€9.5m€10.4m----€4.8m--
Non-recurring operating income76A-------€0.02m-
Goods, raw materials, services and sundry goods60/61------€3.2m--
Remuneration, social security and pensions62---€1.8m€1.9m€1.8m€1.0m€1.0m▲ 4.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.2m€0.3m€0.4m€0.4m€0.4m€0.4m▼ 0.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€0.02m-€0.02m-
Provisions for liabilities and charges: additions (uses and reversals)635/8---€0.001m-----
Other operating charges640/8---€0.03m€0.03m€0.05m€0.03m€0.03m▼ 0.4%
Operating charges capitalised as restructuring costs649------€0--
Non-recurring operating charges66A-----€0.06m€0.01m€0.05m▲ 314%
Gross operating margin9900--€1.7m€2.1m€2.4m€2.4m€1.8m€1.6m▼ 7.3%
Operating profit (loss)9901€0.1m€0.4m€0.007m€0.005m€0.06m€0.08m€0.4m€0.2m▼ 58.9%
Financial income75/76B---€0.007m€0.009m€0.006m€0.004m€0.006m▲ 57.0%
Recurring financial income75€478€325€0.001m€0.007m€0.009m€0.006m€0.004m€0.006m▲ 57.0%
Financial charges65/66B---€0.03m€0.06m€0.06m€0.04m€0.03m▼ 29.1%
Recurring financial charges65€0.01m€0.01m€0.02m€0.03m€0.06m€0.06m€0.04m€0.03m▼ 28.5%
Debt charges650€0.01m€0.008m-------
Non-recurring financial charges66B------€400--
Profit (loss) for the period before taxes9903€0.09m€0.4m-€0.01m-€0.02m€0.01m€0.03m€0.3m€0.1m▼ 61.2%
Income taxes67/77€0.01m€0.002m€0.006m€24€0.01m€0.02m€0.002m€0.001m▼ 51.6%
Profit (loss) for the period9904€0.08m€0.4m-€0.02m-€0.02m€0.002m€0.01m€0.3m€0.1m▼ 61.3%
Profit (loss) for the period to be appropriated9905€0.08m€0.4m-€0.02m-€0.02m€0.002m€0.01m€0.3m€0.1m▼ 61.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€3.9m€3.5m€4.5m€4.9m€4.9m€4.6m€4.0m€1.6m▼ 59.3%
Formation expenses20------€0€0-
Fixed assets21/28€0.6m€0.9m€1.6m€1.9m€1.7m€1.6m€1.1m€1.0m▼ 8.7%
Intangible fixed assets21€378--------
Tangible fixed assets22/27€0.6m€0.8m€1.5m€1.9m€1.7m€1.5m€1.1m€1.0m▼ 9.4%
Land and buildings22---€0.3m€0.3m€0.2m€0.2m€0.2m▼ 6.1%
Plant, machinery and equipment23---€0.02m€0.03m€0.03m€0.06m€0.1m▲ 107%
Furniture and vehicles24---€0.05m€0.04m€0.09m€0.06m€0.06m▼ 2.7%
Leasing and similar rights25---€0.9m€0.8m€0.7m€0.3m€0.3m▼ 23.0%
Other tangible fixed assets26---€0.6m€0.6m€0.5m€0.4m€0.3m▼ 17.3%
Financial fixed assets28€0.05m€0.05m€0.04m€0.04m€0.04m€0.04m€0.04m€0.05m▲ 9.2%
Current assets29/58€3.3m€2.6m€3.0m€3.0m€3.2m€3.0m€2.8m€0.6m▼ 79.8%
Stocks and contracts in progress3€0.01m€0.01m€0.01m€0.04m€0.01m----
Stocks30/36---€0.04m€0.01m----
Amounts receivable within one year40/41€2.7m€2.4m€2.5m€2.7m€2.9m€2.4m€2.6m€0.4m▼ 82.6%
Trade receivables40---€2.1m€2.4m€2.3m€2.5m€0.4m▼ 83.3%
Other amounts receivable41---€0.6m€0.6m€0.08m€0.08m€0.03m▼ 61.1%
Cash at bank and in hand54/58€0.6m€0.2m€0.4m€0.3m€0.2m€0.5m€0.2m€0.1m▼ 57.0%
Deferred charges and accrued income490/1----€0.04m€0.09m€0.04m€0.03m▼ 34.8%
Equity and liabilities
Total equity and liabilities10/49€3.9m€3.5m€4.5m€4.9m€4.9m€4.6m€4.0m€1.6m▼ 59.3%
Equity10/15€0.6m€0.5m€0.5m€0.5m€0.5m€0.4m€0.4m€0.4m▼ 0.6%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10---€0.4m€0.4m€0.4m€0.4m€0.4m=
Issued capital100---€0.4m€0.4m€0.4m€0.4m€0.4m=
Reserves13€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m=
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0.04m€0.04m=
Legal reserve130---€0.04m€0.04m€0.04m€0.04m€0.04m=
Profit (loss) carried forward14€0.2m€0.1m€0.1m€0.1m€0.04m€0.03m€0.03m€0.03m▲ 11.8%
Investment grants15----€0.04m€0.04m€0.03m€0.03m▼ 17.3%
Amounts payable17/49€3.3m€2.9m€4.0m€4.4m€4.4m€4.1m€3.5m€1.2m▼ 66.7%
Amounts payable after more than one year17€0.7m€0.3m€1.4m€1.5m€1.2m€1.2m€0.8m€0.5m▼ 31.3%
Financial debts170/4---€1.5m€1.2m€1.2m€0.8m€0.5m▼ 31.3%
Amounts payable within one year42/48€2.6m€2.6m€2.7m€2.9m€3.2m€3.0m€2.7m€0.6m▼ 77.0%
Current portion of amounts payable after more than one year42---€0.5m€0.4m€0.3m€0.3m€0.1m▼ 61.9%
Trade debts44€2.2m€1.8m€2.2m€2.1m€2.4m€2.2m€1.9m€0.4m▼ 81.0%
Suppliers440/4---€2.1m€2.4m€2.2m€1.9m€0.4m▼ 81.0%
Advances received on contracts in progress46----€0.09m€0.1m€0.08m--
Taxes, remuneration and social security45---€0.2m€0.3m€0.2m€0.08m€0.03m▼ 66.2%
Taxes450/3---€0.02m€0.2m€0.1m€0.08m€0.01m▼ 82.4%
Remuneration and social security454/9---€0.1m€0.1m€0.07m€0.007m€0.02m▲ 107%
Other amounts payable47/48---€0.2m€0.06m€0.06m€0.4m€0.1m▼ 65.9%
Accrued charges and deferred income492/3---€0.06m€0.02m€0.004m€20€77▲ 277%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€75,386€431,491-€19,873-€22,271€1,965€9,914€343,415€133,013▼ 61.3%
+ Depreciation and write-downs630€119,262€147,774€200,547€317,446€387,824€380,099€359,596€357,322▼ 0.6%
Operating cash flow (approximation)€194,649€579,265€180,674€295,175€389,789€390,012€703,010€490,335▼ 30.3%
Investment in fixed assets (approximation)--€407,435-€921,369-€639,700-€199,009-€246,848€74,237-€257,448-
Change in cash--€372,979€225,897-€105,291-€92,566€323,904-€306,834-€131,090▲ 57.3%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,613 companies had the same profile as DC ENVIRONMENT has now. Two years later, 0.7% had gone bankrupt and 97.3% were still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.0% stopped otherwise
97.3% was still going

That fits the bankruptcy probability of DC ENVIRONMENT 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,613 companies, not a prediction for DC ENVIRONMENT. 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 22 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 30-07-2026 2026-00353471 PDF
31-12-2024 full format 28-07-2025 2025-00319224 PDF
31-12-2023 full format 08-08-2024 2024-00337633 PDF
31-12-2022 full format 27-06-2023 2023-00169465 PDF
31-12-2021 full format 28-07-2022 2022-20237526 PDF
31-12-2020 full format 06-07-2021 2021-31800414 PDF
31-12-2019 full format 27-07-2020 2020-34400038 PDF
31-12-2018 full format 30-08-2019 2019-59500383 PDF
31-12-2017 full format 30-07-2018 2018-40900298 PDF
31-12-2016 full format 24-07-2017 2017-34600099 PDF

Show all 22 filings

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