DGVS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-05-2026 PDF all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 6 times that of 2024 and the highest since 2022. It is the third rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €115 | €884 | €1,126 | ▲ 27.5% |
| Gross operating margin9900 | €39,350 | €119,981 | €129,515 | €772,136 | ▲ 496% |
| Operating profit (loss)9901 | €39,350 | €119,866 | €128,631 | €771,010 | ▲ 499% |
| Financial income75/76B | €1 | €0 | €112 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | €112 | €0 | ▼ 100% |
| Financial charges65/66B | €3,054 | €49,080 | €30,050 | €91,158 | ▲ 203% |
| Recurring financial charges65 | €3,054 | €49,080 | €30,050 | €91,158 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €36,296 | €70,786 | €98,693 | €679,852 | ▲ 589% |
| Income taxes67/77 | €7,280 | €14,275 | €20,157 | €167,905 | ▲ 733% |
| Profit (loss) for the period9904 | €29,016 | €56,511 | €78,536 | €511,947 | ▲ 552% |
| Profit (loss) for the period to be appropriated9905 | €29,016 | €56,511 | €78,536 | €511,947 | ▲ 552% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.4m | €1.7m | €3.0m | €6.0m | ▲ 96.1% |
| Current assets29/58 | €1.4m | €1.7m | €3.0m | €6.0m | ▲ 96.1% |
| Stocks and contracts in progress3 | €1.3m | €1.7m | €3.0m | €5.9m | ▲ 98.3% |
| Stocks30/36 | €1.3m | €1.7m | €3.0m | €5.9m | ▲ 98.3% |
| Amounts receivable within one year40/41 | €0.02m | €0 | €0.06m | €0.04m | ▼ 26.0% |
| Trade receivables40 | €0.02m | €0 | €0.06m | €0.04m | ▼ 26.0% |
| Cash at bank and in hand54/58 | €0.06m | €0.01m | €0.01m | €0.03m | ▲ 166% |
| Deferred charges and accrued income490/1 | - | €0.002m | €0.002m | €0.002m | ▲ 17.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.4m | €1.7m | €3.0m | €6.0m | ▲ 96.1% |
| Equity10/15 | €0.1m | €0.2m | €0.3m | €0.6m | ▲ 132% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.03m | €0.09m | €0.2m | €0.5m | ▲ 212% |
| Amounts payable17/49 | €1.2m | €1.5m | €2.8m | €5.4m | ▲ 92.8% |
| Amounts payable after more than one year17 | €0.3m | €0.7m | €0.7m | €0.8m | ▲ 10.7% |
| Financial debts170/4 | €0.3m | €0.7m | €0.7m | €0.8m | ▲ 10.7% |
| Amounts payable within one year42/48 | €0.9m | €0.8m | €2.1m | €4.6m | ▲ 120% |
| Current portion of amounts payable after more than one year42 | €0.9m | €0.7m | €1.3m | €3.8m | ▲ 188% |
| Financial debts43 | - | - | - | €0.009m | - |
| Other loans439 | - | - | - | €0.009m | - |
| Trade debts44 | €0.002m | €0.003m | €0.2m | €0.002m | ▼ 98.9% |
| Suppliers440/4 | €0.002m | €0.003m | €0.2m | €0.002m | ▼ 98.9% |
| Taxes, remuneration and social security45 | €0.008m | €0.03m | €0.03m | €0.1m | ▲ 192% |
| Taxes450/3 | €0.008m | €0.03m | €0.03m | €0.1m | ▲ 192% |
| Other amounts payable47/48 | €0.06m | €0.1m | €0.5m | €0.6m | ▲ 28.2% |
| Accrued charges and deferred income492/3 | - | €0.001m | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,016 | €56,511 | €78,536 | €511,947 | ▲ 552% |
| Operating cash flow (approximation) | €29,016 | €56,511 | €78,536 | €511,947 | ▲ 552% |
| Change in cash | - | -€46,533 | €1,958 | €20,276 | ▲ 935% |
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, 1,602 companies had the same profile as DGVS has now. Two years later, 2.3% had gone bankrupt and 96.6% were still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DGVS itself: 0.6% within 12 months.
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 1,602 companies, not a prediction for DGVS. 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.