DEDHAC
ActiveSummary
DEDHAC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €493,594 and a net result of €88,879. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 15366 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2024, micro schema
Equity
€493,594▲ 22.0%
2023 · €404,715
Total assets
€706,959▲ 10.6%
2023 · €639,361
Net result
€88,879▲ 60.9%
2023 · €55,223
Working capital
€176,257▲ 83.8%
2023 · €95,907
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€46,945▼ 8.5%€42,671▼ 9.1%€79,443▲ 86.2%€72,985▼ 8.1%€122,118▲ 67.3%
Net result€31,583within the sector's middle half▼ 11.0%€26,939within the sector's middle half▼ 14.7%€56,882within the sector's middle half▲ 111%€55,223within the sector's middle half▼ 2.9%€88,879above the sector's middle half▲ 60.9%
Equity€253,272above the sector's middle half▲ 14.2%€280,210above the sector's middle half▲ 10.6%€337,092above the sector's middle half▲ 20.3%€404,715above the sector's middle half▲ 20.1%€493,594above the sector's middle half▲ 22.0%
Total assets€523,139above the sector's middle half▼ 1.4%€523,545above the sector's middle half▲ 0.1%€558,822above the sector's middle half▲ 6.7%€639,361above the sector's middle half▲ 14.4%€706,959above the sector's middle half▲ 10.6%
Debt€269,867▼ 12.7%€243,335▼ 9.8%€221,730▼ 8.9%€234,646▲ 5.8%€213,365▼ 9.1%
Working capital€74,670within the sector's middle half▲ 10.6%€64,632within the sector's middle half▼ 13.4%€103,352within the sector's middle half▲ 59.9%€95,907within the sector's middle half▼ 7.2%€176,257above the sector's middle half▲ 83.8%
Solvency48.4%within the sector's middle half▲ 6.6pp53.5%within the sector's middle half▲ 5.1pp60.3%within the sector's middle half▲ 6.8pp63.3%within the sector's middle half▲ 3.0pp69.8%within the sector's middle half▲ 6.5pp
Current ratio1.98within the sector's middle half▲ 0.221.84within the sector's middle half▼ 0.142.26within the sector's middle half▲ 0.412.01within the sector's middle half▼ 0.242.63within the sector's middle half▲ 0.62
Return on assets (ROA)6.0%within the sector's middle half▼ 0.6pp5.1%within the sector's middle half▼ 0.9pp10.2%within the sector's middle half▲ 5.0pp8.6%within the sector's middle half▼ 1.5pp12.6%within the sector's middle half▲ 3.9pp
Staff (FTE)1within the sector's middle half=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 67% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €706,959
Fixed assets
€422,388 ▼ 5.8%
Current assets
€284,571 ▲ 49.2%
Equity and liabilities €706,959
Equity
€493,594 ▲ 22.0%
Debt
€213,365 ▼ 9.1%
Debt's share of the balance-sheet total falls from 36.7% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€155,066▲
2023 · €96,925
Cash flow
€121,827▲
2023 · €79,162
Debt to equity
0.43▼
2023 · 0.58
ROE
18.0%▲
2023 · 13.6%
Interest coverage
38.44▲
2023 · 30.37
Debt ≤ 1 year
€108,314▲
2023 · €94,856
Debt > 1 year
€105,051▼
2023 · €139,791
Income taxes
€29,898▲
2023 · €16,247
Staff costs
€57,188▲
2023 · €54,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,947 | - | - |
| Remuneration, social security and pensions62 | - | €52,350 | €52,981 | €54,357 | €57,188 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,451 | €15,011 | €17,141 | €23,939 | €32,948 | ▲ 37.6% |
| Other operating charges640/8 | - | €7,530 | €3,701 | €3,832 | €3,462 | ▼ 9.7% |
| Non-recurring operating charges66A | - | - | €155 | €112 | - | - |
| Gross operating margin9900 | €115,814 | €117,561 | €153,422 | €155,226 | €215,716 | ▲ 39.0% |
| Operating profit (loss)9901 | €46,945 | €42,671 | €79,443 | €72,985 | €122,118 | ▲ 67.3% |
| Financial income75/76B | - | €29 | €54 | €1,675 | €693 | ▼ 58.6% |
| Recurring financial income75 | €26 | €29 | €54 | €1,675 | €693 | ▼ 58.6% |
| Financial charges65/66B | - | €3,156 | €4,040 | €3,191 | €4,034 | ▲ 26.4% |
| Recurring financial charges65 | €3,803 | €3,156 | €4,040 | €3,191 | €4,034 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | €43,169 | €39,543 | €75,457 | €71,469 | €118,777 | ▲ 66.2% |
| Income taxes67/77 | €11,586 | €12,605 | €18,575 | €16,247 | €29,898 | ▲ 84.0% |
| Profit (loss) for the period9904 | €31,583 | €26,939 | €56,882 | €55,223 | €88,879 | ▲ 60.9% |
| Profit (loss) for the period to be appropriated9905 | €31,583 | €26,939 | €56,882 | €55,223 | €88,879 | ▲ 60.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €523,139 | €523,545 | €558,822 | €639,361 | €706,959 | ▲ 10.6% |
| Fixed assets21/28 | €372,382 | €382,351 | €373,170 | €448,599 | €422,388 | ▼ 5.8% |
| Intangible fixed assets21 | - | - | €1,798 | €1,182 | €565 | ▼ 52.2% |
| Tangible fixed assets22/27 | €372,382 | €382,351 | €371,371 | €447,417 | €421,823 | ▼ 5.7% |
| Land and buildings22 | - | €361,474 | €353,686 | €351,786 | €343,990 | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €3,652 | €5,330 | €6,036 | €8,887 | ▲ 47.2% |
| Furniture and vehicles24 | - | €17,225 | €12,355 | €89,595 | €68,947 | ▼ 23.0% |
| Current assets29/58 | €150,757 | €141,195 | €185,653 | €190,762 | €284,571 | ▲ 49.2% |
| Amounts receivable within one year40/41 | €66,508 | €56,146 | €69,239 | €71,698 | €86,449 | ▲ 20.6% |
| Trade receivables40 | - | €54,607 | €55,077 | €39,534 | €49,029 | ▲ 24.0% |
| Other amounts receivable41 | - | €1,538 | €14,162 | €32,164 | €37,420 | ▲ 16.3% |
| Cash at bank and in hand54/58 | €83,740 | €82,316 | €113,198 | €115,884 | €192,215 | ▲ 65.9% |
| Deferred charges and accrued income490/1 | - | €2,733 | €3,216 | €3,180 | €5,907 | ▲ 85.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €523,139 | €523,545 | €558,822 | €639,361 | €706,959 | ▲ 10.6% |
| Equity10/15 | €253,272 | €280,210 | €337,092 | €404,715 | €493,594 | ▲ 22.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €245,212 | €272,150 | €329,032 | €384,255 | €473,134 | ▲ 23.1% |
| Amounts payable17/49 | €269,867 | €243,335 | €221,730 | €234,646 | €213,365 | ▼ 9.1% |
| Amounts payable after more than one year17 | €193,781 | €166,772 | €139,429 | €139,791 | €105,051 | ▼ 24.9% |
| Financial debts170/4 | - | €166,772 | €139,429 | €139,791 | €105,051 | ▼ 24.9% |
| Amounts payable within one year42/48 | €76,087 | €76,563 | €82,301 | €94,856 | €108,314 | ▲ 14.2% |
| Current portion of amounts payable after more than one year42 | - | €27,009 | €27,343 | €34,115 | €34,740 | ▲ 1.8% |
| Trade debts44 | €10,716 | €7,287 | €7,111 | €4,406 | €740 | ▼ 83.2% |
| Suppliers440/4 | - | €7,287 | €7,111 | €4,406 | €740 | ▼ 83.2% |
| Taxes, remuneration and social security45 | - | €42,267 | €47,848 | €56,335 | €72,835 | ▲ 29.3% |
| Taxes450/3 | - | €42,267 | €47,843 | €56,309 | €72,835 | ▲ 29.3% |
| Remuneration and social security454/9 | - | - | €5 | €25 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,583 | €26,939 | €56,882 | €55,223 | €88,879 | ▲ 60.9% |
| + Depreciation and write-downs630 | €16,451 | €15,011 | €17,141 | €23,939 | €32,948 | ▲ 37.6% |
| Operating cash flow (approximation) | €48,034 | €41,949 | €74,023 | €79,162 | €121,827 | ▲ 53.9% |
| Investment in fixed assets (approximation) | - | -€24,979 | -€7,960 | -€99,369 | -€6,737 | ▲ 93.2% |
| Change in cash | - | -€1,424 | €30,882 | €2,686 | €76,331 | ▲ 2,742% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
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BUREAU SVG
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Of 12,179 companies in this sector we hold annual accounts for 7,696. 5,544 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,223 awarded · €1,030 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €147 | €147 |
| 2024 | 1 | €335 | €335 |
| 2023 | 1 | €390 | €197 |
| 2022 | 1 | €351 | €351 |