DCNT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-07-2026 at the NBB all 16 filings
Turnover
≈ €320,000
Estimated: probably between €260,000 and €410,000
Total assets
€8.0m▲ 5.3%
2024 · €7.6m
Net result
€501,437▲ 66.5%
2024 · €301,239
Working capital
€2.2m▲ 25.6%
2024 · €1.8m
In the rankings
#5 company by equity in Malle, Professional and technical services sector#6 company by total assets in Malle, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€169,971
▲ 6.6%
2025
20182025
Net result
€501,437
▲ 66.5%
2025
highest quarter of the sector
20182025
Equity
€5.1m
▲ 10.9%
2025
highest quarter of the sector
20182025
Total assets
€8.0m
▲ 5.3%
2025
highest quarter of the sector
20182025
Debt
€1.0m
▼ 2.0%
2025
20182025
Working capital
€2.2m
▲ 25.6%
2025
highest quarter of the sector
20182025
Solvency
63.6%
▲ 3.2pp
2025
middle half of the sector
20182025
Current ratio
3.17
▲ 0.48
2025
middle half of the sector
20182025
Return on assets (ROA)
6.3%
▲ 2.3pp
2025
middle half of the sector
20182025
Staff (FTE)
0
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
Operating result€0.4m-€0.4m▼ 5.4%€0.1m▼ 71.7%€0.2m▲ 47.5%€0.2m▲ 0.2%€0.2m▼ 4.5%€0.2m▲ 0.8%€0.2m▲ 6.6%
Net result€0.4m-€0.6m▲ 58.8%€0.1mabove the sector's middle half▼ 76.5%€0.2mabove the sector's middle half▲ 31.2%€0.2mabove the sector's middle half▲ 16.4%€0.2mabove the sector's middle half▲ 19.8%€0.3mabove the sector's middle half▲ 20.9%€0.5mabove the sector's middle half▲ 66.5%
Equity€3.0m-€3.5m▲ 19.2%€3.7mabove the sector's middle half▲ 3.9%€3.8mabove the sector's middle half▲ 4.9%€4.1mabove the sector's middle half▲ 5.4%€4.3mabove the sector's middle half▲ 6.1%€4.6mabove the sector's middle half▲ 7.0%€5.1mabove the sector's middle half▲ 10.9%
Total assets€6.2m-€7.7m▲ 24.6%€7.7mabove the sector's middle half▼ 0.5%€6.7mabove the sector's middle half▼ 13.1%€6.8mabove the sector's middle half▲ 2.3%€7.1mabove the sector's middle half▲ 4.9%€7.6mabove the sector's middle half▲ 6.6%€8.0mabove the sector's middle half▲ 5.3%
Debt€1.2m-€2.2m▲ 78.1%€2.0m▼ 7.8%€0.8m▼ 58.7%€0.8m▼ 6.0%€0.9m▲ 11.5%€1.0m▲ 20.2%€1.0m▼ 2.0%
Working capital€0.1m-€0.7m▲ 430%€0.8mabove the sector's middle half▲ 23.9%€1.0mabove the sector's middle half▲ 21.9%€1.2mabove the sector's middle half▲ 20.9%€1.4mabove the sector's middle half▲ 15.4%€1.8mabove the sector's middle half▲ 22.5%€2.2mabove the sector's middle half▲ 25.6%
Solvency48.0%-45.9%▼ 2.1pp47.9%within the sector's middle half▲ 2.0pp57.8%within the sector's middle half▲ 9.9pp59.5%within the sector's middle half▲ 1.7pp60.2%within the sector's middle half▲ 0.7pp60.4%within the sector's middle half▲ 0.2pp63.6%within the sector's middle half▲ 3.2pp
Current ratio1.11-1.32▲ 0.211.42within the sector's middle half▲ 0.112.25within the sector's middle half▲ 0.832.61within the sector's middle half▲ 0.362.66within the sector's middle half▲ 0.062.70within the sector's middle half▲ 0.033.17within the sector's middle half▲ 0.48
Return on assets (ROA)5.9%-7.5%▲ 1.6pp1.8%within the sector's middle half▼ 5.8pp2.7%within the sector's middle half▲ 0.9pp3.1%within the sector's middle half▲ 0.4pp3.5%within the sector's middle half▲ 0.4pp4.0%within the sector's middle half▲ 0.5pp6.3%within the sector's middle half▲ 2.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
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 7% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets
€4.8m ▼ 0.5%
Current assets
€3.2m ▲ 15.4%
Equity and liabilities €8.0m
Equity
€5.1m ▲ 10.9%
Provisions
€1.9m ▼ 3.8%
Debt
€1.0m ▼ 2.0%
Debt's share of the balance-sheet total falls from 13.7% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195,900▲
2024 · €185,332
Cash flow
€527,366▲
2024 · €327,167
Debt to equity
0.20▼
2024 · 0.23
ROE
9.8%▲
2024 · 6.5%
Interest coverage
1.44▼
2024 · 1.84
Debt ≤ 1 year
€1.0m▼
2024 · €1.0m
Income taxes
€10,534▼
2024 · €15,639
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,229 | - | €76,858 | - | - |
| Depreciation and write-downs of the year | €15,677 | €11,012 | €23,169 | €25,929 | €25,929 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €399 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,209 | €18,592 | €19,783 | €15,677 | €11,012 | €23,169 | €25,929 | €25,929 | = |
| Other operating charges640/8 | - | - | - | €2,541 | €2,579 | €4,672 | €3,241 | €3,514 | ▲ 8.4% |
| Gross operating margin9900 | €448,891 | €416,468 | €134,111 | €183,399 | €179,156 | €185,930 | €188,573 | €199,414 | ▲ 5.7% |
| Operating profit (loss)9901 | €418,210 | €395,513 | €111,951 | €165,180 | €165,566 | €158,090 | €159,403 | €169,971 | ▲ 6.6% |
| Financial income75/76B | - | - | - | €131,297 | €146,000 | €197,000 | €257,953 | €478,328 | ▲ 85.4% |
| Recurring financial income75 | €202,891 | €402,000 | €156,000 | €131,297 | €146,000 | €197,000 | €257,953 | €478,328 | ▲ 85.4% |
| Financial charges65/66B | - | - | - | €108,223 | €82,682 | €88,061 | €100,478 | €136,327 | ▲ 35.7% |
| Recurring financial charges65 | €159,663 | €143,454 | €131,639 | €108,223 | €82,682 | €88,061 | €100,478 | €136,327 | ▲ 35.7% |
| Profit (loss) for the period before taxes9903 | €461,438 | €654,059 | €136,312 | €188,255 | €228,884 | €267,029 | €316,878 | €511,972 | ▲ 61.6% |
| Income taxes67/77 | €96,812 | €74,887 | €256 | €9,785 | €21,060 | €17,961 | €15,639 | €10,534 | ▼ 32.6% |
| Profit (loss) for the period9904 | €364,626 | €579,172 | €136,056 | €178,470 | €207,824 | €249,067 | €301,239 | €501,437 | ▲ 66.5% |
| Profit (loss) for the period to be appropriated9905 | €364,626 | €579,172 | €136,056 | €178,470 | €207,824 | €249,067 | €301,239 | €501,437 | ▲ 66.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.2m | €7.7m | €7.7m | €6.7m | €6.8m | €7.1m | €7.6m | €8.0m | ▲ 5.3% |
| Fixed assets21/28 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | ▼ 0.5% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 6.4% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 2.9% |
| Furniture and vehicles24 | - | - | - | €0.001m | €398 | €0.06m | €0.05m | €0.03m | ▼ 31.2% |
| Financial fixed assets28 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Current assets29/58 | €1.3m | €2.9m | €2.9m | €1.9m | €2.0m | €2.3m | €2.8m | €3.2m | ▲ 15.4% |
| Amounts receivable within one year40/41 | €1.0m | €2.5m | €1.9m | €0.9m | €1.2m | €1.7m | €2.4m | €2.7m | ▲ 13.9% |
| Trade receivables40 | - | - | - | €0.3m | €0.02m | €0.05m | €0.05m | €0.04m | ▼ 22.6% |
| Other amounts receivable41 | - | - | - | €0.6m | €1.2m | €1.7m | €2.3m | €2.7m | ▲ 14.7% |
| Current investments50/53 | - | - | - | - | - | €0.5m | €0 | €0.5m | - |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.9m | €1.0m | €0.8m | €0.1m | €0.4m | €0.02m | ▼ 95.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | €0.006m | ▲ 538% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.2m | €7.7m | €7.7m | €6.7m | €6.8m | €7.1m | €7.6m | €8.0m | ▲ 5.3% |
| Equity10/15 | €3.0m | €3.5m | €3.7m | €3.8m | €4.1m | €4.3m | €4.6m | €5.1m | ▲ 10.9% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €2.9m | €3.5m | €3.6m | €3.8m | €4.0m | €4.3m | €4.6m | €5.1m | ▲ 10.9% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €3.8m | €4.0m | €4.3m | €4.6m | €5.1m | ▲ 10.9% |
| Provisions and deferred taxes16 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Other liabilities and charges164/5 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 3.8% |
| Amounts payable17/49 | €1.2m | €2.2m | €2.0m | €0.8m | €0.8m | €0.9m | €1.0m | €1.0m | ▼ 2.0% |
| Amounts payable after more than one year17 | €0.005m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €2.2m | €2.0m | €0.8m | €0.8m | €0.9m | €1.0m | €1.0m | ▼ 2.0% |
| Trade debts44 | €0.3m | €0.3m | €0.08m | €0.1m | €0.1m | €0.3m | €0.4m | €0.3m | ▼ 34.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.3m | €0.4m | €0.3m | ▼ 34.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.04m | €0.04m | €0.02m | ▼ 50.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.04m | €0.04m | €0.02m | ▼ 50.1% |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 21.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €364,626 | €579,172 | €136,056 | €178,470 | €207,824 | €249,067 | €301,239 | €501,437 | ▲ 66.5% |
| + Depreciation and write-downs630 | €17,209 | €18,592 | €19,783 | €15,677 | €11,012 | €23,169 | €25,929 | €25,929 | = |
| Operating cash flow (approximation) | €381,835 | €597,764 | €155,838 | €194,147 | €218,836 | €272,236 | €327,167 | €527,366 | ▲ 61.2% |
| Investment in fixed assets (approximation) | - | -€23,524 | €10,530 | -€5,229 | €0 | -€76,858 | €0 | €0 | - |
| Change in cash | - | €2,552 | €552,543 | €45,105 | -€175,419 | -€669,051 | €308,199 | -€404,972 | - |
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 | abbreviated format | 11-07-2026 | 2026-00287877 | |
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00256218 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00204173 | |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00162911 | |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20082237 | |
| 31-12-2020 | abbreviated format | 21-06-2021 | 2021-21900329 | |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-31900310 | |
| 31-12-2018 | abbreviated format | 15-07-2019 | 2019-32700258 | |
| 31-12-2017 | abbreviated format | 17-07-2018 | 2018-33800336 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32700270 |