DEUS
ActiveSummary
DEUS has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For DEUS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€40.2m) and a net result of -€19.1m. Equity is shrinking by about 58% per year across the filed financial years. Its solvency ranks better than 5% of 4,583 sector peers (NACE 70, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, full format
In the rankings
#2 company by total assets in Ypres, Professional and technical services sector#6 employer in Ypres, Professional and technical services sector
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
Turnover
€2.9m▲ 14.8%
2023 · €2.6m
EBIT margin
71.3%▲ 118.2pp
2023 · -46.9%
Net result
-€19.1m▲ 11.7%
2023 · -€21.7m
Working capital
€13.6m▼ 12.9%
2023 · €15.6m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €2.1m after a loss of €1.2m in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.9m
2024
Operating result€2.1m
2024
Net result-€19.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€164.2m
2024
Equity-€40.2m
2024
Debt€204.4m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€13.6m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin71.3%
2024
Return on assets (ROA)-11.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-24.5%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.09
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)11.3
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€1.4m-€1.6m▲ 11.8%€1.9m▲ 19.7%€2.0m▲ 2.2%€2.2m▲ 10.5%€2.6m▲ 17.4%€2.9m▲ 14.8%
Operating result-€0.6m--€0.6m▼ 7.6%-€0.7m▼ 15.8%-€0.2m▲ 72.9%-€1.1m▼ 480%-€1.2m▼ 5.7%€2.1m
Net result-€0.9m--€6.3m▼ 573%-€7.0mbelow the sector's middle half▼ 11.6%-€3.4mbelow the sector's middle half▲ 51.8%-€3.4mbelow the sector's middle half▼ 0.5%-€21.7mbelow the sector's middle half▼ 537%-€19.1mbelow the sector's middle half▲ 11.7%
EBIT margin-40.1%--38.6%▲ 1.5pp-37.4%▲ 1.3pp-9.9%▲ 27.5pp-52.0%▼ 42.1pp-46.9%▲ 5.2pp71.3%▲ 118.2pp
Equity€20.7m-€14.4m▼ 30.4%€7.4mabove the sector's middle half▼ 48.7%€4.0mabove the sector's middle half▼ 45.7%€0.6mwithin the sector's middle half▼ 84.7%-€21.1mbelow the sector's middle half-€40.2mbelow the sector's middle half▼ 90.9%
Total assets€136.5m-€142.2m▲ 4.2%€150.2mabove the sector's middle half▲ 5.7%€193.2mabove the sector's middle half▲ 28.6%€206.9mabove the sector's middle half▲ 7.1%€201.1mabove the sector's middle half▼ 2.8%€164.2mabove the sector's middle half▼ 18.4%
Debt€115.7m-€127.8m▲ 10.4%€142.8m▲ 11.8%€189.1m▲ 32.4%€206.2m▲ 9.0%€222.2m▲ 7.7%€204.4m▼ 8.0%
Working capital-€54.5m--€55.4m▼ 1.7%-€75.6mbelow the sector's middle half▼ 36.3%-€80.4mbelow the sector's middle half▼ 6.4%-€76.6mbelow the sector's middle half▲ 4.7%€15.6mabove the sector's middle half€13.6mabove the sector's middle half▼ 12.9%
Solvency15.2%-10.1%▼ 5.0pp4.9%below the sector's middle half▼ 5.2pp2.1%below the sector's middle half▼ 2.8pp0.3%below the sector's middle half▼ 1.8pp-10.5%below the sector's middle half▼ 10.8pp-24.5%below the sector's middle half▼ 14.0pp
Current ratio0.39-0.45▲ 0.050.33below the sector's middle half▼ 0.120.48below the sector's middle half▲ 0.150.54below the sector's middle half▲ 0.062.07within the sector's middle half▲ 1.532.09within the sector's middle half▲ 0.02
Return on assets (ROA)-0.7%--4.4%▼ 3.7pp-4.7%below the sector's middle half▼ 0.2pp-1.8%below the sector's middle half▲ 2.9pp-1.6%below the sector's middle half▲ 0.1pp-10.8%below the sector's middle half▼ 9.1pp-11.7%below the sector's middle half▼ 0.9pp
Staff (FTE)11-11.8▲ 7.3%12.8within the sector's middle half▲ 8.5%13above the sector's middle half▲ 1.6%12.4above the sector's middle half▼ 4.6%12.4above the sector's middle half=11.3above the sector's middle half▼ 8.9%
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164.2m
Fixed assets
€138.1m ▼ 19.2%
Current assets
€26.0m ▼ 13.7%
Equity and liabilities
Equity-€40.2m
Debt€204.4m
Equity is negative: debt (€204.4m) exceeds the balance-sheet total (€164.2m).
Key figures and ratios
Debt ≤ 1 year
€12.5m▼
2023 · €14.6m
Debt > 1 year
€191.2m▼
2023 · €207.6m
Income taxes
-€122,395▼
2023 · -€50,607
Staff costs
€1.3m▼
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.7m | €2.3m | €2.6m | €5.9m | ▲ 130% |
| Turnover70 | €1.4m | €1.6m | €1.9m | €2.0m | €2.2m | €2.6m | €2.9m | ▲ 14.8% |
| Other operating income74 | - | - | - | €0.3m | €0.1m | €0.03m | €0.03m | ▲ 14.2% |
| Non-recurring operating income76A | - | - | - | €0.4m | - | - | €3.0m | - |
| Operating charges60/66A | - | - | - | €2.9m | €3.4m | €3.8m | €3.8m | ▲ 1.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €129 | - | - |
| Purchases600/8 | - | - | - | - | - | €129 | - | - |
| Services and other goods61 | - | - | - | €1.3m | €1.5m | €1.7m | €2.4m | ▲ 45.0% |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.2m | €1.3m | €1.3m | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.1m | ▼ 66.4% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.3m | €0.4m | €0.03m | ▼ 93.4% |
| Operating profit (loss)9901 | -€0.6m | -€0.6m | -€0.7m | -€0.2m | -€1.1m | -€1.2m | €2.1m | - |
| Financial income75/76B | - | - | - | €1.4m | €3.4m | €7.6m | €11.1m | ▲ 46.3% |
| Recurring financial income75 | €1.9m | €0.8m | €1.6m | €1.4m | €3.4m | €7.6m | €7.3m | ▼ 4.0% |
| Income from financial fixed assets750 | - | - | - | - | - | €6.5m | €5.5m | ▼ 15.3% |
| Income from current assets751 | - | - | - | €1.4m | €3.4m | €1.0m | €1.7m | ▲ 66.2% |
| Other financial income752/9 | - | - | - | €1 | €20 | - | €27 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €3.8m | - |
| Financial charges65/66B | - | - | - | €4.3m | €5.9m | €28.1m | €32.5m | ▲ 15.4% |
| Recurring financial charges65 | -€3.3m | €2.8m | €3.6m | €4.3m | €5.8m | €18.7m | €16.7m | ▼ 10.7% |
| Debt charges650 | €2.2m | €2.8m | €3.6m | €4.2m | €5.7m | €14.7m | €15.2m | ▲ 4.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | €4.0m | €1.4m | ▼ 64.4% |
| Other financial charges652/9 | - | - | - | €0.04m | €0.03m | €0.04m | €0.04m | ▼ 1.1% |
| Non-recurring financial charges66B | - | - | - | €31 | €0.1m | €9.4m | €15.8m | ▲ 67.2% |
| Profit (loss) for the period before taxes9903 | -€0.9m | -€6.3m | -€6.8m | -€3.1m | -€3.6m | -€21.7m | -€19.3m | ▲ 11.4% |
| Income taxes67/77 | €0.001m | -€0.01m | €0.2m | €0.3m | -€0.2m | -€0.05m | -€0.1m | ▼ 142% |
| Taxes670/3 | - | - | - | €0.3m | €0.1m | €0.06m | €0.06m | ▼ 10.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.03m | €0.4m | €0.1m | €0.2m | ▲ 57.1% |
| Profit (loss) for the period9904 | -€0.9m | -€6.3m | -€7.0m | -€3.4m | -€3.4m | -€21.7m | -€19.1m | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.9m | -€6.3m | -€7.0m | -€3.4m | -€3.4m | -€21.7m | -€19.1m | ▲ 11.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €136.5m | €142.2m | €150.2m | €193.2m | €206.9m | €201.1m | €164.2m | ▼ 18.4% |
| Fixed assets21/28 | €101.3m | €97.5m | €113.2m | €118.4m | €117.6m | €171.0m | €138.1m | ▼ 19.2% |
| Tangible fixed assets22/27 | €22.4m | €22.3m | €22.0m | €21.8m | €23.4m | €23.0m | €1.9m | ▼ 91.8% |
| Land and buildings22 | - | - | - | €21.5m | €23.2m | €22.9m | €1.8m | ▼ 92.1% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 47.7% |
| Financial fixed assets28 | €78.9m | €75.2m | €91.2m | €96.7m | €94.2m | €147.9m | €136.2m | ▼ 7.9% |
| Affiliated companies280/1 | - | - | - | €89.2m | €89.2m | €144.1m | €132.4m | ▼ 8.1% |
| Participating interests280 | - | - | - | €89.2m | €89.2m | €81.7m | €61.9m | ▼ 24.3% |
| Amounts receivable281 | - | - | - | - | - | €62.4m | €70.6m | ▲ 13.1% |
| Other financial fixed assets284/8 | - | - | - | €7.5m | €5.0m | €3.8m | €3.8m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €7.5m | €5.0m | €3.8m | €3.8m | = |
| Current assets29/58 | €35.1m | €44.7m | €37.0m | €74.7m | €89.3m | €30.2m | €26.0m | ▼ 13.7% |
| Amounts receivable within one year40/41 | €28.1m | €37.3m | €29.0m | €64.8m | €77.4m | €26.5m | €24.4m | ▼ 8.0% |
| Trade receivables40 | - | - | - | €0.6m | €1.1m | €2.9m | €3.4m | ▲ 19.8% |
| Other amounts receivable41 | - | - | - | €64.2m | €76.3m | €23.7m | €21.0m | ▼ 11.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.2m | €0.08m | €0.3m | €0.3m | ▲ 13.8% |
| Deferred charges and accrued income490/1 | - | - | - | €9.7m | €11.8m | €3.3m | €1.3m | ▼ 62.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €136.5m | €142.2m | €150.2m | €193.2m | €206.9m | €201.1m | €164.2m | ▼ 18.4% |
| Equity10/15 | €20.7m | €14.4m | €7.4m | €4.0m | €0.6m | -€21.1m | -€40.2m | ▼ 90.9% |
| Contributions10/11 | €8.2m | €8.2m | - | €8.2m | €8.2m | €8.2m | €8.2m | = |
| Capital10 | - | - | - | - | - | €8.2m | €8.2m | = |
| Issued capital100 | - | - | - | - | - | €8.2m | €8.2m | = |
| Reserves13 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Non-distributable reserves130/1 | - | - | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves not available under the articles1311 | - | - | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Profit (loss) carried forward14 | €9.6m | €3.3m | -€3.8m | -€7.1m | -€10.5m | -€32.2m | -€51.3m | ▼ 59.4% |
| Amounts payable17/49 | €115.7m | €127.8m | €142.8m | €189.1m | €206.2m | €222.2m | €204.4m | ▼ 8.0% |
| Amounts payable after more than one year17 | €12.6m | €11.9m | €11.2m | €10.5m | €11.2m | €207.6m | €191.2m | ▼ 7.9% |
| Financial debts170/4 | - | - | - | €10.5m | €11.2m | €10.4m | €2.4m | ▼ 76.8% |
| Credit institutions173 | - | - | - | €10.5m | €11.2m | €10.4m | €2.4m | ▼ 76.8% |
| Other amounts payable178/9 | - | - | - | - | - | €197.1m | €188.8m | ▼ 4.2% |
| Amounts payable within one year42/48 | €89.6m | €100.1m | €112.6m | €155.1m | €165.9m | €14.6m | €12.5m | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.7m | €0.8m | €0.8m | €0.4m | ▼ 56.3% |
| Financial debts43 | - | - | - | - | - | €12.2m | - | - |
| Credit institutions430/8 | - | - | - | - | - | €12.2m | - | - |
| Trade debts44 | €0.1m | €0.4m | €0.4m | €0.3m | €0.6m | €1.1m | €1.5m | ▲ 35.8% |
| Suppliers440/4 | - | - | - | €0.3m | €0.6m | €1.1m | €1.5m | ▲ 35.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.2m | €0.3m | €0.2m | ▼ 27.7% |
| Taxes450/3 | - | - | - | €0.4m | €0.03m | €0.05m | €0.03m | ▼ 28.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 27.4% |
| Other amounts payable47/48 | - | - | - | €153.5m | €164.2m | €0.2m | €10.4m | ▲ 55× |
| Accrued charges and deferred income492/3 | - | - | - | €23.6m | €29.2m | €0.07m | €0.7m | ▲ 831% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.9m | -€6.3m | -€7.0m | -€3.4m | -€3.4m | -€21.7m | -€19.1m | ▲ 11.7% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.1m | ▼ 66.4% |
| Operating cash flow (approximation) | -€0.6m | -€6.0m | -€6.6m | -€3.0m | -€3.0m | -€21.3m | -€19.0m | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | €3.5m | -€16.1m | -€5.6m | €0.4m | -€53.8m | €32.7m | - |
| Change in cash | - | -€0.1m | €0.007m | €0.04m | -€0.09m | €0.2m | €0.04m | ▼ 80.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 16-07-2025 | 2025-00286531 |
| 31-12-2023 | full format | 08-07-2024 | 2024-00236414 |
| 31-12-2022 | full format | 11-07-2023 | 2023-00229510 |
| 31-12-2021 | full format | 08-07-2022 | 2022-20176098 |
| 31-12-2020 | full format | 12-07-2021 | 2021-34100369 |
| 31-12-2019 | full format | 10-07-2020 | 2020-29000095 |
| 31-12-2018 | full format | 11-07-2019 | 2019-31900336 |
| 31-12-2017 | full format | 06-07-2018 | 2018-29800312 |
| 31-12-2016 | full format | 26-07-2017 | 2017-35300200 |
| 31-12-2015 | full format | 26-07-2016 | 2016-34800543 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.