DDV
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 84% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €349 | €1,310 | €7,459 | ▲ 470% |
| Non-recurring operating charges66A | - | €41,041 | €0 | ▼ 100% |
| Gross operating margin9900 | €11,426 | €82,803 | €82,091 | ▼ 0.9% |
| Operating profit (loss)9901 | €11,076 | €40,452 | €74,632 | ▲ 84.5% |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €4,209 | €12,910 | ▲ 207% |
| Recurring financial charges65 | - | €4,209 | €12,910 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | €11,076 | €36,243 | €61,722 | ▲ 70.3% |
| Income taxes67/77 | €3,579 | €15,437 | €13,521 | ▼ 12.4% |
| Profit (loss) for the period9904 | €7,497 | €20,806 | €48,201 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €7,497 | €20,806 | €48,201 | ▲ 132% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,160 | €146,239 | €124,009 | ▼ 15.2% |
| Current assets29/58 | €16,160 | €146,239 | €124,009 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €15,118 | €134,739 | €66,182 | ▼ 50.9% |
| Trade receivables40 | €13,514 | €129,424 | €27,186 | ▼ 79.0% |
| Other amounts receivable41 | €1,604 | €5,316 | €38,996 | ▲ 634% |
| Cash at bank and in hand54/58 | - | €2,130 | €16,612 | ▲ 680% |
| Deferred charges and accrued income490/1 | €1,042 | €9,370 | €41,214 | ▲ 340% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,160 | €146,239 | €124,009 | ▼ 15.2% |
| Equity10/15 | €9,497 | €30,303 | €30,303 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €7,497 | €28,303 | €28,303 | = |
| Distributable reserves133 | €7,497 | €28,303 | €28,303 | = |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €6,663 | €115,937 | €93,706 | ▼ 19.2% |
| Amounts payable within one year42/48 | €6,663 | €115,937 | €93,706 | ▼ 19.2% |
| Trade debts44 | €3,083 | €66,858 | €29,730 | ▼ 55.5% |
| Suppliers440/4 | €3,083 | €66,858 | €29,730 | ▼ 55.5% |
| Taxes, remuneration and social security45 | €3,579 | €20,726 | €15,775 | ▼ 23.9% |
| Taxes450/3 | €3,579 | €17,745 | €15,775 | ▼ 11.1% |
| Remuneration and social security454/9 | - | €2,981 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €28,353 | €48,201 | ▲ 70.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,497 | €20,806 | €48,201 | ▲ 132% |
| Operating cash flow (approximation) | €7,497 | €20,806 | €48,201 | ▲ 132% |
| Change in cash | - | - | €14,483 | - |
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, 7,976 companies had the same profile as DDV has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DDV itself: 1.4% 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 7,976 companies, not a prediction for DDV. 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.