DCORBISIER
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 6% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €12,948 | - |
| Depreciation and write-downs of the year | €3,129 | €5,750 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,129 | €5,750 | ▲ 83.7% |
| Other operating charges640/8 | €506 | €871 | ▲ 72.3% |
| Gross operating margin9900 | €19,772 | €21,804 | ▲ 10.3% |
| Operating profit (loss)9901 | €16,136 | €15,183 | ▼ 5.9% |
| Financial income75/76B | - | €117 | - |
| Recurring financial income75 | - | €117 | - |
| Profit (loss) for the period before taxes9903 | €16,136 | €15,300 | ▼ 5.2% |
| Income taxes67/77 | €3,273 | €3,173 | ▼ 3.1% |
| Profit (loss) for the period9904 | €12,863 | €12,127 | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €12,863 | €12,127 | ▼ 5.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €53,628 | €54,100 | ▲ 0.9% |
| Fixed assets21/28 | €9,819 | €4,069 | ▼ 58.6% |
| Tangible fixed assets22/27 | €9,819 | €4,069 | ▼ 58.6% |
| Furniture and vehicles24 | €9,819 | €4,069 | ▼ 58.6% |
| Current assets29/58 | €43,809 | €50,031 | ▲ 14.2% |
| Amounts receivable within one year40/41 | €18,859 | €9,754 | ▼ 48.3% |
| Trade receivables40 | €14,066 | €7,619 | ▼ 45.8% |
| Other amounts receivable41 | €4,793 | €2,135 | ▼ 55.5% |
| Cash at bank and in hand54/58 | €24,951 | €40,277 | ▲ 61.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €53,628 | €54,100 | ▲ 0.9% |
| Equity10/15 | €12,963 | €25,090 | ▲ 93.5% |
| Contributions10/11 | €100 | €100 | = |
| Reserves13 | €12,863 | €24,990 | ▲ 94.3% |
| Distributable reserves133 | €12,863 | €24,990 | ▲ 94.3% |
| Amounts payable17/49 | €40,665 | €29,010 | ▼ 28.7% |
| Amounts payable within one year42/48 | €40,665 | €29,010 | ▼ 28.7% |
| Trade debts44 | €482 | €1,446 | ▲ 200% |
| Suppliers440/4 | €482 | €1,446 | ▲ 200% |
| Taxes, remuneration and social security45 | €4,362 | €3,630 | ▼ 16.8% |
| Taxes450/3 | €4,362 | €3,630 | ▼ 16.8% |
| Other amounts payable47/48 | €35,821 | €23,934 | ▼ 33.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,863 | €12,127 | ▼ 5.7% |
| + Depreciation and write-downs630 | €3,129 | €5,750 | ▲ 83.7% |
| Operating cash flow (approximation) | €15,993 | €17,877 | ▲ 11.8% |
| Investment in fixed assets (approximation) | - | -€0 | - |
| Change in cash | - | €15,326 | - |
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, 39,278 companies had the same profile as DCORBISIER has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DCORBISIER 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 39,278 companies, not a prediction for DCORBISIER. 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.