Summary
Dcover is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €67k and a net result of €3k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 3319 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3319 sector peers (2024).
NBB · sector comparisonPosition among 3319 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
34 d early
2021
31 d early
2020
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€67k▲ 4.4%
2023 · €64k
2020: €10klowest in 5 years
2021: €47k▲ +388% vs 2020
2022: €56k▲ +18.7% vs 2021
2023: €64k▲ +14.2% vs 2022
2024: €67k▲ +4.4% vs 2023highest in 5 years
2020 → 2024
Net result
€3k▼ 69.7%
2023 · €9k
2020: €10k
2021: €38k▲ +296% vs 2020highest in 5 years
2022: €18k▼ -52.6% vs 2021
2023: €9k▼ -47.4% vs 2022
2024: €3k▼ -69.7% vs 2023lowest in 5 years
2020 → 2024
Total assets
€613k▲ 312%
2023 · €149k
2020: €78klowest in 5 years
2021: €116k▲ +49.9% vs 2020
2022: €164k▲ +40.6% vs 2021
2023: €149k▼ -9.1% vs 2022
2024: €613k▲ +312% vs 2023highest in 5 years
2020 → 2024
Solvency
11.0%▼ 32.3pp
2023 · 43.3%
2020: 12.5%
2021: 40.8%▲ +226% vs 2020
2022: 34.5%▼ -15.6% vs 2021
2023: 43.3%▲ +25.7% vs 2022highest in 5 years
2024: 11.0%▼ -74.7% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€47k▲ 388%€56k▲ 18.7%€64k▲ 14.2%€67k▲ 4.4%
2020: €10klowest in 5 years
2021: €47k▲ +388% vs 2020
2022: €56k▲ +18.7% vs 2021
2023: €64k▲ +14.2% vs 2022
2024: €67k▲ +4.4% vs 2023highest in 5 years
Operating result€14k-€54k▲ 286%€27k▼ 50.3%€15k▼ 42.3%€11k▼ 26.1%
2020: €14k
2021: €54k▲ +286% vs 2020highest in 5 years
2022: €27k▼ -50.3% vs 2021
2023: €15k▼ -42.3% vs 2022
2024: €11k▼ -26.1% vs 2023lowest in 5 years
Net result€10k-€38k▲ 296%€18k▼ 52.6%€9k▼ 47.4%€3k▼ 69.7%
2020: €10k
2021: €38k▲ +296% vs 2020highest in 5 years
2022: €18k▼ -52.6% vs 2021
2023: €9k▼ -47.4% vs 2022
2024: €3k▼ -69.7% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 26% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €613k
Fixed assets
€543k ▲ 905%
Current assets
€70k ▼ 26.1%
Equity and liabilities €613k
Equity
€67k ▲ 4.4%
Debt
€546k ▲ 547%
Debt's share of the balance-sheet total rises from 56.7% to 89.0%. Equity and debt are higher.
Key figures and ratios
ROE
4.3%▼
2023 · 14.6%
ROA
0.5%▼
2023 · 6.3%
Debt ≤ 1 year
€147k▲
2023 · €29k
Debt > 1 year
€399k▲
2023 · €55k
Income taxes
€3k▼
2023 · €5k
Staff costs
€47k▲
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€149k€613k▲
Fixed assets21/28€54k€543k▲
Intangible fixed assets21€51k€31k▼
Tangible fixed assets22/27-€512k
Land and buildings22-€512k
Financial fixed assets28€3k-
Current assets29/58€95k€70k▼
Amounts receivable within one year40/41€63k€59k▼
Trade receivables40€63k€59k▼
Cash at bank and in hand54/58€32k€11k▼
Equity and liabilities
Total equity and liabilities10/49€149k€613k▲
Equity10/15€64k€67k▲
Contributions10/11€200€200=
Reserves13€64k€67k▲
Distributable reserves133€64k€67k▲
Amounts payable17/49€84k€546k▲
Amounts payable after more than one year17€55k€399k▲
Financial debts170/4€55k€399k▲
Amounts payable within one year42/48€29k€147k▲
Current portion of amounts payable after more than one year42€17k€30k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3-€3k
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€3k€102k▲
Income statement
Code20232024
Remuneration, social security and pensions62€37k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€43k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€73k€104k▲
Operating profit (loss)9901€15k€11k▼
Financial charges65/66B€790€6k▲
Recurring financial charges65€790€6k▲
Profit (loss) for the period before taxes9903€15k€6k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€9k€3k▼
Profit (loss) for the period to be appropriated9905€9k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€3k▼
Transfer to equity691/2€9k€3k▼
To other reserves6921€9k€3k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €17k | €17k | €37k | €47k | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €9k | €19k | €20k | €43k | ▲ 115% |
| Other operating charges640/8 | - | €362 | €1k | €1k | €2k | ▲ 110% |
| Gross operating margin9900 | €35k | €80k | €65k | €73k | €104k | ▲ 41.9% |
| Operating profit (loss)9901 | €14k | €54k | €27k | €15k | €11k | ▼ 26.1% |
| Financial charges65/66B | - | €531 | €1k | €790 | €6k | ▲ 610% |
| Recurring financial charges65 | €3 | €531 | €1k | €790 | €6k | ▲ 610% |
| Profit (loss) for the period before taxes9903 | €14k | €54k | €26k | €15k | €6k | ▼ 60.3% |
| Income taxes67/77 | €4k | €16k | €8k | €5k | €3k | ▼ 43.5% |
| Profit (loss) for the period9904 | €10k | €38k | €18k | €9k | €3k | ▼ 69.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €38k | €18k | €9k | €3k | ▼ 69.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78k | €116k | €164k | €149k | €613k | ▲ 312% |
| Fixed assets21/28 | €31k | €41k | €74k | €54k | €543k | ▲ 905% |
| Intangible fixed assets21 | €29k | €38k | €72k | €51k | €31k | ▼ 39.1% |
| Tangible fixed assets22/27 | - | - | - | - | €512k | - |
| Land and buildings22 | - | - | - | - | €512k | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | - | - |
| Current assets29/58 | €46k | €76k | €89k | €95k | €70k | ▼ 26.1% |
| Amounts receivable within one year40/41 | €32k | €73k | €61k | €63k | €59k | ▼ 6.3% |
| Trade receivables40 | - | €73k | €59k | €63k | €59k | ▼ 6.3% |
| Other amounts receivable41 | - | - | €2k | - | - | - |
| Cash at bank and in hand54/58 | €15k | €2k | €29k | €32k | €11k | ▼ 64.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78k | €116k | €164k | €149k | €613k | ▲ 312% |
| Equity10/15 | €10k | €47k | €56k | €64k | €67k | ▲ 4.4% |
| Contributions10/11 | - | €200 | €200 | €200 | €200 | = |
| Reserves13 | €10k | €47k | €56k | €64k | €67k | ▲ 4.5% |
| Distributable reserves133 | - | €47k | €56k | €64k | €67k | ▲ 4.5% |
| Amounts payable17/49 | €68k | €69k | €107k | €84k | €546k | ▲ 547% |
| Amounts payable after more than one year17 | €43k | €43k | €75k | €55k | €399k | ▲ 626% |
| Financial debts170/4 | - | €43k | €75k | €55k | €399k | ▲ 626% |
| Amounts payable within one year42/48 | €25k | €26k | €32k | €29k | €147k | ▲ 400% |
| Current portion of amounts payable after more than one year42 | - | - | €11k | €17k | €30k | ▲ 79.4% |
| Trade debts44 | €423 | €6k | €18k | €4k | €6k | ▲ 42.0% |
| Suppliers440/4 | - | €6k | €18k | €4k | €6k | ▲ 42.0% |
| Taxes, remuneration and social security45 | - | €19k | €781 | €5k | €8k | ▲ 57.3% |
| Taxes450/3 | - | €15k | - | - | €3k | - |
| Remuneration and social security454/9 | - | €4k | €781 | €5k | €5k | ▼ 0.8% |
| Other amounts payable47/48 | - | €1k | €3k | €3k | €102k | ▲ 3,469% |
| Accrued charges and deferred income492/3 | - | €519 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €38k | €18k | €9k | €3k | ▼ 69.7% |
| + Depreciation and write-downs630 | €1k | €9k | €19k | €20k | €43k | ▲ 115% |
| Operating cash flow (approximation) | €11k | €46k | €37k | €30k | €46k | ▲ 56.4% |
| Investment in fixed assets (approximation) | - | €-18k | €-53k | €0 | €-532k | - |
| Change in cash | - | €-12k | €26k | €3k | €-21k | ▼ 701% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €3k ▼69.7%
Net result drops to €3k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €38k ▲296%
Operating result €54k, net result €38k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2019
Ground area
901 m²
Building footprint
222 m²
Volume, LiDAR
1,435 m³
Parcel 36015A0526/00E004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dcover
since 20192.297.448.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0526/00E004 | Flanders | 900 m² | 1 · 222 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 960 EUR awarded · 960 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 960 EUR | 960 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,219. 2,490 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
E-mail
mikel@dcover.be
Phone
+3251140260Roeselare
Scores and ratios are computed by Checked and are not a credit decision.