DC ENVIRONMENT
ActiveFinancials · 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
In the rankings
#5 company by total assets in Farciennes, Construction sector#6 oldest company in Farciennes, Construction sector#7 company by equity in Farciennes, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€157,998
▼ 58.9%
2025
20182025
Net result
€133,013
▼ 61.3%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€442,379
▼ 0.6%
2025
middle half of the sector
20182025
Total assets
€1.6m
▼ 59.3%
2025
middle half of the sector
20182025
Debt
€1.2m
▼ 66.7%
2025
20182025
Working capital
-€56,255
2025
lowest quarter of the sector
20182025
Solvency
27.4%
▲ 16.2pp
2025
middle half of the sector
20182025
Current ratio
0.91
▼ 0.12
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
8.2%
▼ 0.4pp
2025
middle half of the sector
20182025
Staff (FTE)
14.9
=
2025
middle half of the sector
20182025
Every figure per financial year
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.
The operating result for 2025 is 59% lower than in 2024.
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
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
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 29 | 25 | 22 | 14 | 14 |
| full-time | 29 | 25 | 20 | 14 | 14 |
| part-time | - | - | 2 | 0 | 0 |
| in full-time equivalents | 29 | 25 | 21.7 | 14 | 14 |
| Average over the year, in full-time equivalents | 27.2 | 28.2 | 23.9 | 14.9 | 14.9 |
| On a permanent contract | 29 | 25 | 22 | 14 | 14 |
| Joined | 12 | 4 | 19 | 2 | 2 |
| Left | 7 | 8 | 22 | 10 | 10 |
| Training hours | 28 | 387 | 340 | 320 | 320 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
Historical observation
In July 2024, 2,613 companies had the same profile as DC ENVIRONMENT has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
97.3%
was still going
2.0%
stopped otherwise
0.7%
went bankrupt
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.
| 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 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00319224 | |
| 31-12-2023 | full format | 08-08-2024 | 2024-00337633 | |
| 31-12-2022 | full format | 27-06-2023 | 2023-00169465 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20237526 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-31800414 | |
| 31-12-2019 | full format | 27-07-2020 | 2020-34400038 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59500383 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-40900298 | |
| 31-12-2016 | full format | 24-07-2017 | 2017-34600099 |