DentAKer
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 6 filings
Turnover
≈ €390,000
Estimated: probably between €350,000 and €490,000
Total assets
€444,719▼ 6.8%
2024 · €477,345
Net result
€23,269▲ 1.5%
2024 · €22,923
Working capital
-€209,660▲ 11.9%
2024 · -€238,074
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€37,280
▲ 21.6%
2025
20202025
Net result
€23,269
▲ 1.5%
2025
middle half of the sector
20202025
Equity
€110,676
▲ 25.4%
2025
middle half of the sector
20202025
Total assets
€444,719
▼ 6.8%
2025
middle half of the sector
20202025
Debt
€334,043
▼ 14.2%
2025
20202025
Working capital
-€209,660
▲ 11.9%
2025
lowest quarter of the sector
20202025
Solvency
24.9%
▲ 6.4pp
2025
lowest quarter of the sector
20202025
Current ratio
0.10
▲ 0.01
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
5.2%
▲ 0.4pp
2025
lowest quarter of the sector
20202025
Staff (FTE)
4.1
▲ 78.3%
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€7,659-€16,675▲ 118%€34,864▲ 109%€22,044▼ 36.8%€30,653▲ 39.1%€37,280▲ 21.6%
Net result€4,588below the sector's middle half-€9,782below the sector's middle half▲ 113%€22,549within the sector's middle half▲ 131%€13,346below the sector's middle half▼ 40.8%€22,923within the sector's middle half▲ 71.8%€23,269within the sector's middle half▲ 1.5%
Equity€23,788below the sector's middle half-€32,770below the sector's middle half▲ 37.8%€54,519within the sector's middle half▲ 66.4%€67,035within the sector's middle half▲ 23.0%€88,239within the sector's middle half▲ 31.6%€110,676within the sector's middle half▲ 25.4%
Total assets€339,545within the sector's middle half-€296,896within the sector's middle half▼ 12.6%€255,293within the sector's middle half▼ 14.0%€218,376within the sector's middle half▼ 14.5%€477,345within the sector's middle half▲ 119%€444,719within the sector's middle half▼ 6.8%
Debt€315,757-€264,126▼ 16.4%€200,774▼ 24.0%€151,341▼ 24.6%€389,106▲ 157%€334,043▼ 14.2%
Working capital-€112,284below the sector's middle half--€139,238below the sector's middle half▼ 24.0%-€102,771below the sector's middle half▲ 26.2%-€71,076below the sector's middle half▲ 30.8%-€238,074below the sector's middle half▼ 235%-€209,660below the sector's middle half▲ 11.9%
Solvency7.0%below the sector's middle half-11.0%below the sector's middle half▲ 4.0pp21.4%below the sector's middle half▲ 10.3pp30.7%below the sector's middle half▲ 9.3pp18.5%below the sector's middle half▼ 12.2pp24.9%below the sector's middle half▲ 6.4pp
Current ratio0.14below the sector's middle half-0.02below the sector's middle half▼ 0.120.07below the sector's middle half▲ 0.050.22below the sector's middle half▲ 0.150.09below the sector's middle half▼ 0.130.10below the sector's middle half▲ 0.01
Return on assets (ROA)1.4%below the sector's middle half-3.3%below the sector's middle half▲ 1.9pp8.8%within the sector's middle half▲ 5.5pp6.1%below the sector's middle half▼ 2.7pp4.8%below the sector's middle half▼ 1.3pp5.2%below the sector's middle half▲ 0.4pp
Staff (FTE)1.5above the sector's middle half-2▲ 33.3%2=2=2.3▲ 15.0%4.1▲ 78.3%
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). 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 22% 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 micro 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 €444,719
Fixed assets
€420,402 ▼ 7.3%
Current assets
€24,317 ▲ 2.1%
Equity and liabilities €444,719
Equity
€110,676 ▲ 25.4%
Debt
€334,043 ▼ 14.2%
Debt's share of the balance-sheet total falls from 81.5% to 75.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,141▲
2024 · €100,423
Cash flow
€99,131▲
2024 · €92,692
Debt to equity
3.02▼
2024 · 4.41
ROE
21.0%▼
2024 · 26.0%
Interest coverage
14.55▲
2024 · 13.19
Debt ≤ 1 year
€233,978▼
2024 · €261,901
Debt > 1 year
€82,465▼
2024 · €126,705
Income taxes
€6,237▲
2024 · €128
Staff costs
€140,845▲
2024 · €124,895
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 4 |
| full-time | 0 | 0 | 0 | 0 | 0 |
| part-time | 2 | 2 | 2 | 2 | 4 |
| in full-time equivalents | 1.5 | 1.5 | 2 | 1.7 | 3.1 |
| Average over the year, in full-time equivalents | 1.5 | 1.5 | 1.5 | 2.1 | 2.9 |
| On a permanent contract | 2 | 2 | 2 | 2 | 3 |
| Joined | - | - | 2 | 3 | 4 |
| Left | - | - | 2 | 3 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | - | €178,160 | €139,164 | €404,367 | €205,271 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,362 | €2,934 | - | €324,973 | €42,745 |
| Depreciation and write-downs of the year | €46,169 | €48,950 | €48,995 | €69,770 | €75,862 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €112,985 | €112,880 | €115,194 | €124,895 | €140,845 | ▲ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,185 | €46,169 | €48,950 | €48,995 | €69,770 | €75,862 | ▲ 8.7% |
| Other operating charges640/8 | - | €275 | €410 | €697 | €1,133 | €1,248 | ▲ 10.1% |
| Gross operating margin9900 | €155,323 | €176,104 | €197,105 | €186,931 | €226,450 | €255,234 | ▲ 12.7% |
| Operating profit (loss)9901 | €7,659 | €16,675 | €34,864 | €22,044 | €30,653 | €37,280 | ▲ 21.6% |
| Financial income75/76B | - | €4 | €1 | €67 | €10 | €0 | ▼ 100% |
| Recurring financial income75 | €2,178 | €4 | €1 | €67 | €10 | €0 | ▼ 100% |
| Financial charges65/66B | - | €5,231 | €6,152 | €4,483 | €7,612 | €7,774 | ▲ 2.1% |
| Recurring financial charges65 | €5,249 | €5,231 | €6,152 | €4,483 | €7,612 | €7,774 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €4,588 | €11,448 | €28,713 | €17,628 | €23,051 | €29,506 | ▲ 28.0% |
| Income taxes67/77 | - | €1,666 | €6,164 | €4,282 | €128 | €6,237 | ▲ 49× |
| Profit (loss) for the period9904 | €4,588 | €9,782 | €22,549 | €13,346 | €22,923 | €23,269 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €4,588 | €9,782 | €22,549 | €13,346 | €22,923 | €23,269 | ▲ 1.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €339,545 | €296,896 | €255,293 | €218,376 | €477,345 | €444,719 | ▼ 6.8% |
| Fixed assets21/28 | €321,134 | €293,326 | €247,310 | €198,315 | €453,518 | €420,402 | ▼ 7.3% |
| Intangible fixed assets21 | €89,151 | €79,151 | €69,151 | €59,151 | €49,151 | €39,151 | ▼ 20.3% |
| Tangible fixed assets22/27 | €231,983 | €214,176 | €178,160 | €139,164 | €404,367 | €381,251 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €101,820 | €81,173 | €57,547 | €151,958 | €125,168 | ▼ 17.6% |
| Furniture and vehicles24 | - | €9,364 | €6,600 | €3,836 | €50,392 | €50,812 | ▲ 0.8% |
| Other tangible fixed assets26 | - | €102,992 | €90,387 | €77,781 | €202,018 | €205,271 | ▲ 1.6% |
| Current assets29/58 | €18,411 | €3,569 | €7,982 | €20,061 | €23,827 | €24,317 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €2,771 | €0 | €836 | €12,109 | €14,658 | €2,857 | ▼ 80.5% |
| Trade receivables40 | - | €0 | - | €9,641 | €7,286 | €1,594 | ▼ 78.1% |
| Other amounts receivable41 | - | - | €836 | €2,468 | €7,372 | €1,263 | ▼ 82.9% |
| Cash at bank and in hand54/58 | €6,780 | €2,442 | €2,824 | €2,426 | €3,288 | €18,413 | ▲ 460% |
| Deferred charges and accrued income490/1 | - | €1,128 | €4,322 | €5,526 | €5,881 | €3,047 | ▼ 48.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €339,545 | €296,896 | €255,293 | €218,376 | €477,345 | €444,719 | ▼ 6.8% |
| Equity10/15 | €23,788 | €32,770 | €54,519 | €67,035 | €88,239 | €110,676 | ▲ 25.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €12,770 | €34,519 | €47,035 | €68,239 | €90,676 | ▲ 32.9% |
| Distributable reserves133 | - | €12,770 | €34,519 | €47,035 | €68,239 | €90,676 | ▲ 32.9% |
| Profit (loss) carried forward14 | €3,788 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €315,757 | €264,126 | €200,774 | €151,341 | €389,106 | €334,043 | ▼ 14.2% |
| Amounts payable after more than one year17 | €153,114 | €121,318 | €89,080 | €56,704 | €126,705 | €82,465 | ▼ 34.9% |
| Financial debts170/4 | - | €121,318 | €89,080 | €56,704 | €126,705 | €82,465 | ▼ 34.9% |
| Amounts payable within one year42/48 | €130,695 | €142,808 | €110,753 | €91,138 | €261,901 | €233,978 | ▼ 10.7% |
| Current portion of amounts payable after more than one year42 | - | €31,796 | €32,238 | €32,377 | €45,735 | €44,239 | ▼ 3.3% |
| Financial debts43 | - | €0 | €15 | €28 | €14 | €14 | = |
| Credit institutions430/8 | - | €0 | €15 | €28 | €0 | - | - |
| Other loans439 | - | - | - | - | €14 | €14 | = |
| Trade debts44 | €12,366 | €11,824 | €14,439 | €13,049 | €20,946 | €7,276 | ▼ 65.3% |
| Suppliers440/4 | - | €11,824 | €14,439 | €13,049 | €20,946 | €7,276 | ▼ 65.3% |
| Taxes, remuneration and social security45 | - | €14,351 | €13,591 | €14,426 | €19,658 | €29,901 | ▲ 52.1% |
| Taxes450/3 | - | €1,666 | €0 | - | - | €3,730 | - |
| Remuneration and social security454/9 | - | €12,685 | €13,591 | €14,426 | €19,658 | €26,171 | ▲ 33.1% |
| Other amounts payable47/48 | - | €84,836 | €50,469 | €31,259 | €175,549 | €152,547 | ▼ 13.1% |
| Accrued charges and deferred income492/3 | - | €0 | €940 | €3,500 | €500 | €17,600 | ▲ 35× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,588 | €9,782 | €22,549 | €13,346 | €22,923 | €23,269 | ▲ 1.5% |
| + Depreciation and write-downs630 | €45,185 | €46,169 | €48,950 | €48,995 | €69,770 | €75,862 | ▲ 8.7% |
| Operating cash flow (approximation) | €49,773 | €55,951 | €71,499 | €62,342 | €92,692 | €99,131 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€18,362 | -€2,934 | €0 | -€324,973 | -€42,745 | ▲ 86.8% |
| Change in cash | - | -€4,339 | €382 | -€398 | €862 | €15,125 | ▲ 18× |
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, 6,713 companies had the same profile as DentAKer has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DentAKer itself is lower: < 0.1% within 12 months. It rests on far more data about DentAKer than the profile alone.
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 6,713 companies, not a prediction for DentAKer. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00321744 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00315792 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00370968 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00302271 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20275453 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65100468 |