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DEUS

Active
Public limited companyfounded 2006active for 20 yearsKemmelseweg 72, 8902 Ieper, BelgiumKBO/BCE: BE 0879.625.989

Financials · financial year 2024, full format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.

Annual accounts 2024 filed on 16-07-2025 PDF all 19 filings

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 for 2024 is a profit of €2.1m, after a loss of €1.2m in 2023. It is the highest result since 2020.

Turnover€2.9m 2024 Operating result€2.1m 2024 Net result-€19.1m 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and 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 sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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.
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
2024 value · change against 2023
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.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-2024
Employees at the balance-sheet date13121310
full-time1211129
part-time1111
in full-time equivalents12.911.912.99.9
Average over the year, in full-time equivalents1312.412.411.3
On a permanent contract13121310
Joined2032
Left2125
Agency workers, average number-0.20.3-
Training hours15678126

Source: social balance sheet in the 2021 to 2024 annual accounts

Overdue debts

tax and social security
Item2021202220232024
Overdue tax debts€298,940-€5,500€5,248

Source: notes to the 2021 to 2024 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item2021202220232024
Debts secured on the company's own assets€11.2m€12.0m€23.4m€1.3m
Mortgages, amount registered€50,000€50,000€32.9m€1.5m
Mortgage mandates--€25,000€25,000
Carrying value of the mortgaged assets€21.5m€23.2m€22.9m€1.8m

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2021202220232024
Tangible fixed assets€113,903€2.1m€56,742€16,769
Depreciation and write-downs of the year€369,413€408,043€421,860€141,864

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Auditor

fees
Item2021202220232024
Fee for the audit€21,200€22,900€24,000€24,800
Work by persons linked to the auditor--€11,000€24,679

Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)

Comparable companies

These companies have the same main activity as DEUS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €79m and €275m, founded between 1998 and 2011.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
DEUS Ieper2006€164.2m-€40.2m€2.9m-€19.1m11.32024
VT-INVEST Aalter2006€120.9m€113.9m€2.3m€41.3m10.52025
VLINVESTA Hulshout2007€117.4m€68.6m€2.9m-€1.3m14.22025
TELIFRA Wervik1998€79.1m€78.0m€3.9m€0.8m102025
alsico group Ronse2007€110.2m€70.2m€4.9m€8.5m14.32025
RP HOLDING Kruisem2011€274.9m€245.2m€2.2m€1.2m14.92025
REACHCENTRUM Brussel2006€162.5m€8.3m€8.1m€3.7m8.82026

They were chosen from the 54,693 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 75 lines

Source: Annual accounts 2024 (PDF), filed on 16-07-2025.

Balance sheet Code20232024
Assets
Total assets20/58€201.1m€164.2m▼
Fixed assets21/28€171.0m€138.1m▼
Tangible fixed assets22/27€23.0m€1.9m▼
Land and buildings22€22.9m€1.8m▼
Furniture and vehicles24€0.1m€0.07m▼
Financial fixed assets28€147.9m€136.2m▼
Affiliated companies280/1€144.1m€132.4m▼
Participating interests280€81.7m€61.9m▼
Amounts receivable281€62.4m€70.6m▲
Other financial fixed assets284/8€3.8m€3.8m=
Amounts receivable and cash guarantees285/8€3.8m€3.8m=
Current assets29/58€30.2m€26.0m▼
Amounts receivable within one year40/41€26.5m€24.4m▼
Trade receivables40€2.9m€3.4m▲
Other amounts receivable41€23.7m€21.0m▼
Cash at bank and in hand54/58€0.3m€0.3m▲
Deferred charges and accrued income490/1€3.3m€1.3m▼
Equity and liabilities
Total equity and liabilities10/49€201.1m€164.2m▼
Equity10/15-€21.1m-€40.2m▼
Contributions10/11€8.2m€8.2m=
Capital10€8.2m€8.2m=
Issued capital100€8.2m€8.2m=
Reserves13€3.0m€3.0m=
Non-distributable reserves130/1€3.0m€3.0m=
Reserves not available under the articles1311€3.0m€3.0m=
Profit (loss) carried forward14-€32.2m-€51.3m▼
Amounts payable17/49€222.2m€204.4m▼
Amounts payable after more than one year17€207.6m€191.2m▼
Financial debts170/4€10.4m€2.4m▼
Credit institutions173€10.4m€2.4m▼
Other amounts payable178/9€197.1m€188.8m▼
Amounts payable within one year42/48€14.6m€12.5m▼
Current portion of amounts payable after more than one year42€0.8m€0.4m▼
Financial debts43€12.2m-
Credit institutions430/8€12.2m-
Trade debts44€1.1m€1.5m▲
Suppliers440/4€1.1m€1.5m▲
Taxes, remuneration and social security45€0.3m€0.2m▼
Taxes450/3€0.05m€0.03m▼
Remuneration and social security454/9€0.2m€0.2m▼
Other amounts payable47/48€0.2m€10.4m▲
Accrued charges and deferred income492/3€0.07m€0.7m▲
Income statement Code20232024
Operating income70/76A€2.6m€5.9m▲
Turnover70€2.6m€2.9m▲
Other operating income74€0.03m€0.03m▲
Non-recurring operating income76A-€3.0m
Operating charges60/66A€3.8m€3.8m▲
Goods for resale, raw materials and consumables60€129-
Purchases600/8€129-
Services and other goods61€1.7m€2.4m▲
Remuneration, social security and pensions62€1.3m€1.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.1m▼
Other operating charges640/8€0.4m€0.03m▼
Operating profit (loss)9901-€1.2m€2.1m▲
Financial income75/76B€7.6m€11.1m▲
Recurring financial income75€7.6m€7.3m▼
Income from financial fixed assets750€6.5m€5.5m▼
Income from current assets751€1.0m€1.7m▲
Other financial income752/9-€27
Non-recurring financial income76B-€3.8m
Financial charges65/66B€28.1m€32.5m▲
Recurring financial charges65€18.7m€16.7m▼
Debt charges650€14.7m€15.2m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€4.0m€1.4m▼
Other financial charges652/9€0.04m€0.04m▼
Non-recurring financial charges66B€9.4m€15.8m▲
Profit (loss) for the period before taxes9903-€21.7m-€19.3m▲
Income taxes67/77-€0.05m-€0.1m▼
Taxes670/3€0.06m€0.06m▼
Tax adjustments and reversals of tax provisions77€0.1m€0.2m▲
Profit (loss) for the period9904-€21.7m-€19.1m▲
Profit (loss) for the period to be appropriated9905-€21.7m-€19.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€32.2m-€51.3m▼
Profit (loss) brought forward from the previous period14P-€10.5m-€32.2m▼
Social balance sheet
Average headcount (FTE)908712.411.3▼

The notes to these accounts have 70 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920202021202220232024Change
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%
Line2018201920202021202220232024Change
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%
Line2018201920202021202220232024Change
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%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 full format 16-07-2025 2025-00286531 PDF
31-12-2023 full format 08-07-2024 2024-00236414 PDF
31-12-2022 full format 11-07-2023 2023-00229510 PDF
31-12-2021 full format 08-07-2022 2022-20176098 PDF
31-12-2020 full format 12-07-2021 2021-34100369 PDF
31-12-2019 full format 10-07-2020 2020-29000095 PDF
31-12-2018 full format 11-07-2019 2019-31900336 PDF
31-12-2017 full format 06-07-2018 2018-29800312 PDF
31-12-2016 full format 26-07-2017 2017-35300200 PDF
31-12-2015 full format 26-07-2016 2016-34800543 PDF

Show all 19 filings

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