From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
DFH 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. The 2025 annual accounts show equity of €1.5m and a net result of -€63,591. Equity is shrinking by about 3.1% per year across the filed financial years. Its solvency ranks better than 95% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 11-07-2026
- Format
- micro format
- Reference
- 2026-00282024
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result stays negative: a loss of €57,665 in 2025 against €57,966 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €471 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €2,880 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,628 | €6,876 | €3,503 | €4,574 | €15,193 | €17,702 | ▲ 16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,500 | -€1,500 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€11,038 | - | - | - | - |
| Other operating charges640/8 | - | €37 | €513 | €1,614 | - | €247 | - |
| Non-recurring operating charges66A | - | - | €30 | - | - | €47 | - |
| Gross operating margin9900 | -€37,284 | -€15,310 | -€44,395 | -€63,406 | -€42,773 | -€36,788 | ▲ 14.0% |
| Operating profit (loss)9901 | -€47,429 | -€22,222 | -€38,903 | -€68,095 | -€57,966 | -€57,665 | ▲ 0.5% |
| Financial income75/76B | - | €4,926 | €1,215 | €18,380 | €11,756 | €5,783 | ▼ 50.8% |
| Recurring financial income75 | €9,947 | €4,926 | €1,215 | €2,938 | €3,256 | €5,783 | ▲ 77.6% |
| Non-recurring financial income76B | - | - | - | €15,442 | €8,500 | €0 | ▼ 100% |
| Financial charges65/66B | - | €458 | -€9,890 | €31,021 | €204 | €11,545 | ▲ 57× |
| Recurring financial charges65 | €885 | €458 | €322 | €199 | €204 | €11,545 | ▲ 57× |
| Non-recurring financial charges66B | - | - | -€10,212 | €30,822 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€38,367 | -€17,754 | -€27,798 | -€80,736 | -€46,415 | -€63,426 | ▼ 36.7% |
| Income taxes67/77 | €145 | €173 | €149 | €154 | -€1,235 | €165 | - |
| Profit (loss) for the period9904 | -€38,512 | -€17,927 | -€27,947 | -€80,890 | -€45,180 | -€63,591 | ▼ 40.8% |
| Profit (loss) for the period to be appropriated9905 | -€38,512 | -€17,927 | -€27,947 | -€80,890 | -€45,180 | -€63,591 | ▼ 40.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.8m | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.1% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 1.1% |
| Intangible fixed assets21 | - | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €0.01m | €0.007m | €0.007m | €0.01m | €0.05m | €0.04m | ▼ 28.4% |
| Plant, machinery and equipment23 | - | €0.003m | €0.004m | €0.006m | €0.004m | €0.003m | ▼ 28.7% |
| Furniture and vehicles24 | - | €0.004m | €0.003m | €0.005m | €0.05m | €0.03m | ▼ 28.4% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 17.7% |
| Amounts receivable after more than one year29 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.08m | ▲ 338% |
| Trade receivables290 | - | €0.02m | €0.02m | €0.02m | €0.02m | - | - |
| Other amounts receivable291 | - | - | - | - | - | €0.08m | - |
| Stocks and contracts in progress3 | - | - | €0.003m | €0.003m | €0.002m | €0.002m | ▲ 6.7% |
| Stocks30/36 | - | - | €0.003m | €0.003m | €0.002m | €0.002m | ▲ 6.7% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | €0.01m | ▲ 10.3% |
| Trade receivables40 | - | €0.008m | €0.008m | €0.01m | €0.007m | €0.005m | ▼ 26.6% |
| Other amounts receivable41 | - | €0.005m | €0.003m | €0.008m | €0.007m | €0.01m | ▲ 47.2% |
| Current investments50/53 | - | - | - | €0.2m | €0.1m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.4m | €0.2m | €0.1m | €0.1m | ▼ 1.2% |
| Deferred charges and accrued income490/1 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.005m | ▼ 65.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.1% |
| Equity10/15 | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.0% |
| Contributions10/11 | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.4m | -€1.4m | -€1.5m | -€1.6m | -€1.6m | ▼ 4.1% |
| Provisions and deferred taxes16 | €0.01m | €0.01m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0.01m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | €0.01m | - | - | - | - | - |
| Amounts payable17/49 | €0.007m | €0.003m | €0.005m | €0.002m | €0.003m | €0.001m | ▼ 46.3% |
| Amounts payable within one year42/48 | €0.007m | €0.003m | €0.005m | €0.002m | €0.003m | €0.001m | ▼ 46.3% |
| Trade debts44 | €0.004m | €0.002m | €0.001m | €0.002m | €0.002m | €351 | ▼ 84.5% |
| Suppliers440/4 | - | €0.002m | €0.001m | €0.002m | €0.002m | €351 | ▼ 84.5% |
| Taxes, remuneration and social security45 | - | €0.002m | €0.004m | €0.001m | €422 | €0.001m | ▲ 158% |
| Taxes450/3 | - | €0.002m | €0.001m | €0.001m | €422 | €0.001m | ▲ 158% |
| Remuneration and social security454/9 | - | - | €0.003m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €13 | €12 | €0 | €0 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,512 | -€17,927 | -€27,947 | -€80,890 | -€45,180 | -€63,591 | ▼ 40.8% |
| + Depreciation and write-downs630 | €9,628 | €6,876 | €3,503 | €4,574 | €15,193 | €17,702 | ▲ 16.5% |
| Operating cash flow (approximation) | -€28,884 | -€11,052 | -€24,445 | -€76,316 | -€29,986 | -€45,889 | ▼ 53.0% |
| Investment in fixed assets (approximation) | - | -€1,320 | €169,904 | €5,588 | -€54,270 | -€3,505 | ▲ 93.5% |
| Change in cash | - | €32,500 | €136,694 | -€229,579 | -€27,025 | -€1,688 | ▲ 93.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-07-2026 | 2026-00282024 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00439672 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00156508 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00136495 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20170435 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-53000161 | |
| 31-10-2019 | unclassified schema | 06-12-2019 | 2019-75000005 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.