DharmIC
ActiveSummary
DharmIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,600 and a net result of €19,985. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 59% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency90▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.69 in 2024; short-term debt: 35.2% and cash: 56% of total assets), and 35.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.8%
Return on assets
26.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-02-2026, 168 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
168 d early
2024
62 d early
2023
54 d early
2022
49 d early
2021
62 d early
2020
50 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,600=
2024 · €48,600
Total assets
€75,035▲ 6.7%
2024 · €70,345
Net result
€19,985▲ 26.0%
2024 · €15,861
Working capital
€42,034▲ 14.4%
2024 · €36,734
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,057▼ 9.0%€25,353▼ 18.4%€23,618▼ 6.8%€21,958▼ 7.0%€26,596▲ 21.1%
Net result€23,732▼ 11.5%€17,782▼ 25.1%€16,662▼ 6.3%€15,861▼ 4.8%€19,985▲ 26.0%
Equity€34,192▼ 45.1%€38,242▲ 11.8%€43,600▲ 14.0%€48,600▲ 11.5%€48,600=
Total assets€66,197▼ 14.8%€70,853▲ 7.0%€69,914▼ 1.3%€70,345▲ 0.6%€75,035▲ 6.7%
Debt€32,005▲ 108%€32,610▲ 1.9%€26,314▼ 19.3%€21,745▼ 17.4%€26,435▲ 21.6%
Working capital€21,544▼ 65.0%€26,837▲ 24.6%€32,007▲ 19.3%€36,734▲ 14.8%€42,034▲ 14.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,035
Fixed assets
€6,566 ▼ 44.7%
Current assets
€68,470 ▲ 17.1%
Equity and liabilities €75,035
Equity
€48,600 =
Debt
€26,435 ▲ 21.6%
Debt's share of the balance-sheet total rises from 30.9% to 35.2%. Debt is higher.
Key figures and ratios
EBITDA
€32,276▲
2024 · €27,456
Cash flow
€25,666▲
2024 · €21,359
Current ratio
2.59▼
2024 · 2.69
Debt to equity
0.54▲
2024 · 0.45
ROE
41.1%▲
2024 · 32.6%
ROA
26.6%▲
2024 · 22.5%
Interest coverage
79.66▲
2024 · 52.30
Debt ≤ 1 year
€26,435▲
2024 · €21,745
Income taxes
€6,206▲
2024 · €5,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,339 | €5,395 | €5,403 | €5,498 | €5,680 | ▲ 3.3% |
| Other operating charges640/8 | €1,032 | €891 | €1,200 | €1,114 | €1,253 | ▲ 12.5% |
| Gross operating margin9900 | €37,427 | €31,639 | €30,221 | €28,570 | €33,529 | ▲ 17.4% |
| Operating profit (loss)9901 | €31,057 | €25,353 | €23,618 | €21,958 | €26,596 | ▲ 21.1% |
| Financial income75/76B | €146 | €188 | €48 | €24 | €0 | ▼ 100.0% |
| Recurring financial income75 | €146 | €188 | €48 | €24 | €0 | ▼ 100.0% |
| Financial charges65/66B | €696 | €762 | €631 | €525 | €405 | ▼ 22.8% |
| Recurring financial charges65 | €696 | €762 | €631 | €525 | €405 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €30,508 | €24,779 | €23,035 | €21,457 | €26,191 | ▲ 22.1% |
| Income taxes67/77 | €6,775 | €6,997 | €6,372 | €5,596 | €6,206 | ▲ 10.9% |
| Profit (loss) for the period9904 | €23,732 | €17,782 | €16,662 | €15,861 | €19,985 | ▲ 26.0% |
| Profit (loss) for the period to be appropriated9905 | €23,732 | €17,782 | €16,662 | €15,861 | €19,985 | ▲ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,197 | €70,853 | €69,914 | €70,345 | €75,035 | ▲ 6.7% |
| Fixed assets21/28 | €26,047 | €20,651 | €16,204 | €11,867 | €6,566 | ▼ 44.7% |
| Tangible fixed assets22/27 | €26,047 | €20,651 | €16,204 | €11,867 | €6,566 | ▼ 44.7% |
| Land and buildings22 | €7,955 | €7,389 | €6,823 | €6,257 | €5,691 | ▼ 9.0% |
| Furniture and vehicles24 | €728 | €239 | €699 | €1,268 | €874 | ▼ 31.1% |
| Leasing and similar rights25 | €17,363 | €13,022 | €8,682 | €4,341 | €0 | ▼ 100% |
| Current assets29/58 | €40,151 | €50,202 | €53,710 | €58,478 | €68,470 | ▲ 17.1% |
| Amounts receivable within one year40/41 | €13,730 | €3,180 | €1,832 | €11,063 | €26,232 | ▲ 137% |
| Trade receivables40 | €9,143 | €101 | €0 | €9,075 | €22,437 | ▲ 147% |
| Other amounts receivable41 | €4,587 | €3,079 | €1,832 | €1,988 | €3,794 | ▲ 90.9% |
| Cash at bank and in hand54/58 | €26,421 | €47,021 | €51,672 | €47,196 | €41,983 | ▼ 11.0% |
| Deferred charges and accrued income490/1 | €0 | - | €206 | €219 | €255 | ▲ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,197 | €70,853 | €69,914 | €70,345 | €75,035 | ▲ 6.7% |
| Equity10/15 | €34,192 | €38,242 | €43,600 | €48,600 | €48,600 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €15,000 | €25,000 | €30,000 | €30,000 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €13,140 | €23,140 | €28,140 | €28,140 | = |
| Profit (loss) carried forward14 | €13,732 | €4,642 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €32,005 | €32,610 | €26,314 | €21,745 | €26,435 | ▲ 21.6% |
| Amounts payable after more than one year17 | €13,398 | €9,075 | €4,611 | €0 | - | - |
| Financial debts170/4 | €13,398 | €9,075 | €4,611 | €0 | - | - |
| Amounts payable within one year42/48 | €18,606 | €23,365 | €21,703 | €21,745 | €26,435 | ▲ 21.6% |
| Current portion of amounts payable after more than one year42 | €4,185 | €4,323 | €4,465 | €4,611 | €0 | ▼ 100% |
| Financial debts43 | €79 | €0 | - | - | - | - |
| Credit institutions430/8 | €79 | €0 | - | - | - | - |
| Trade debts44 | €65 | €749 | €1,234 | €2,175 | €691 | ▼ 68.3% |
| Suppliers440/4 | €65 | €749 | €1,234 | €2,175 | €691 | ▼ 68.3% |
| Taxes, remuneration and social security45 | €4,278 | €4,561 | €4,700 | €4,097 | €5,230 | ▲ 27.7% |
| Taxes450/3 | €4,278 | €4,561 | €4,700 | €4,097 | €5,230 | ▲ 27.7% |
| Other amounts payable47/48 | €10,000 | €13,732 | €11,305 | €10,861 | €20,514 | ▲ 88.9% |
| Accrued charges and deferred income492/3 | - | €170 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,732 | €17,782 | €16,662 | €15,861 | €19,985 | ▲ 26.0% |
| + Depreciation and write-downs630 | €5,339 | €5,395 | €5,403 | €5,498 | €5,680 | ▲ 3.3% |
| Operating cash flow (approximation) | €29,071 | €23,178 | €22,066 | €21,359 | €25,666 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | €0 | -€956 | -€1,161 | -€379 | ▲ 67.3% |
| Change in cash | - | €20,601 | €4,651 | -€4,476 | -€5,214 | ▼ 16.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €15,861 ▼4.8%
Net result drops to €15,861, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €26,805 ▲61.2%
Operating result €34,127, net result €26,805, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2018
Ground area
400 m²
Building footprint
79 m²
Volume, LiDAR
639 m³
Parcel 24434F0026/00F002, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DharmIC
since 20182.277.297.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0026/00F002 | Flanders | 400 m² | 1 · 79 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.