DHORUS
ActiveSummary
DHORUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €44k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+26
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 10.51 against 13.54 in 2024; short-term debt: 9.5% and cash: 1.8% of total assets), and 10.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
89.6%
Return on assets
21.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-08-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
66 d late
2023
70 d late
2022
86 d late
2021
326 d late
2020
213 d late
2019
73 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€185k▲ 31.6%
2024 · €141k
2018: €60klowest in 8 years
2019: €91k▲ +51.1% vs 2018
2020: €123k▲ +35.9% vs 2019
2021: €136k▲ +10.2% vs 2020
2022: €129k▼ -5.2% vs 2021
2023: €139k▲ +7.8% vs 2022
2024: €141k▲ +1.4% vs 2023
2025: €185k▲ +31.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€206k▲ 36.0%
2024 · €152k
2018: €142klowest in 8 years
2019: €173k▲ +21.3% vs 2018
2020: €207k▲ +20.0% vs 2019highest in 8 years
2021: €157k▼ -24.0% vs 2020
2022: €164k▲ +4.4% vs 2021
2023: €161k▼ -1.8% vs 2022
2024: €152k▼ -6.0% vs 2023
2025: €206k▲ +36.0% vs 2024
2018 → 2025
Net result
€44k▲ 2,259%
2024 · €2k
2018: €-3k
2019: €31k▲ +1173% vs 2018
2020: €33k▲ +6.3% vs 2019
2021: €13k▼ -61.4% vs 2020
2022: €-7k▼ -156% vs 2021lowest in 8 years
2023: €10k▲ +242% vs 2022
2024: €2k▼ -81.2% vs 2023
2025: €44k▲ +2259% vs 2024highest in 8 years
2018 → 2025
Working capital
€187k▲ 33.3%
2024 · €140k
2018: €55klowest in 8 years
2019: €87k▲ +56.2% vs 2018
2020: €110k▲ +26.4% vs 2019
2021: €125k▲ +14.5% vs 2020
2022: €120k▼ -4.5% vs 2021
2023: €137k▲ +14.1% vs 2022
2024: €140k▲ +2.4% vs 2023
2025: €187k▲ +33.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€129k▼ 5.2%€139k▲ 7.8%€141k▲ 1.4%€185k▲ 31.6%
2021: €136k
2022: €129k▼ -5.2% vs 2021lowest in 5 years
2023: €139k▲ +7.8% vs 2022
2024: €141k▲ +1.4% vs 2023
2025: €185k▲ +31.6% vs 2024highest in 5 years
Operating result€8k-€-8k€6k€12k▲ 92.8%€59k▲ 403%
2021: €8k
2022: €-8k▼ -206% vs 2021lowest in 5 years
2023: €6k▲ +174% vs 2022
2024: €12k▲ +92.8% vs 2023
2025: €59k▲ +403% vs 2024highest in 5 years
Net result€13k-€-7k€10k€2k▼ 81.2%€44k▲ 2,259%
2021: €13k
2022: €-7k▼ -156% vs 2021lowest in 5 years
2023: €10k▲ +242% vs 2022
2024: €2k▼ -81.2% vs 2023
2025: €44k▲ +2259% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 403% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €206k
Equity
€185k ▲ 31.6%
Debt
€21k ▲ 91.9%
Debt's share of the balance-sheet total rises from 7.4% to 10.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▲
2024 · €13k
Cash flow
€45k▲
2024 · €3k
Current ratio
10.51▼
2024 · 13.54
Debt to equity
0.12▲
2024 · 0.08
ROE
24.0%▲
2024 · 1.3%
ROA
21.5%▲
2024 · 1.2%
Interest coverage
17.85▲
2024 · 13.66
Debt ≤ 1 year
€20k▲
2024 · €11k
Debt > 1 year
€2k
Income taxes
€19k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€152k€206k▲
Fixed assets21/28€529€0▼
Tangible fixed assets22/27€529€0▼
Furniture and vehicles24€529€0▼
Current assets29/58€151k€206k▲
Amounts receivable within one year40/41€146k€188k▲
Trade receivables40€15k€26k▲
Other amounts receivable41€130k€162k▲
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€152k€206k▲
Equity10/15€141k€185k▲
Contributions10/11€6k€6k=
Reserves13€119k€163k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€0-
Distributable reserves133€117k€162k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€11k€21k▲
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€11k€20k▲
Current portion of amounts payable after more than one year42-€3k
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€529▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€14k€63k▲
Operating profit (loss)9901€12k€59k▲
Financial income75/76B€8k€8k▼
Recurring financial income75€8k€8k▼
Financial charges65/66B€961€3k▲
Recurring financial charges65€961€3k▲
Profit (loss) for the period before taxes9903€19k€63k▲
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€2k€44k▲
Transfer from tax-exempt reserves789€17k€0▼
Profit (loss) for the period to be appropriated9905€19k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€60k▲
Profit (loss) brought forward from the previous period14P€21k€15k▼
Transfer to equity691/2€25k€44k▲
To other reserves6921€25k€44k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €2k | €1k | €529 | ▼ 63.8% |
| Other operating charges640/8 | €61k | €2k | €7k | €1k | €4k | ▲ 305% |
| Non-recurring operating charges66A | - | €20k | - | - | - | - |
| Gross operating margin9900 | €74k | €18k | €15k | €14k | €63k | ▲ 348% |
| Operating profit (loss)9901 | €8k | €-8k | €6k | €12k | €59k | ▲ 403% |
| Financial income75/76B | €8k | €11k | €10k | €8k | €8k | ▼ 1.2% |
| Recurring financial income75 | €8k | €11k | €10k | €8k | €8k | ▼ 1.2% |
| Financial charges65/66B | €2k | €2k | €1k | €961 | €3k | ▲ 245% |
| Recurring financial charges65 | €2k | €2k | €1k | €961 | €3k | ▲ 245% |
| Profit (loss) for the period before taxes9903 | €14k | €427 | €15k | €19k | €63k | ▲ 238% |
| Income taxes67/77 | €1k | €7k | €5k | €17k | €19k | ▲ 12.4% |
| Profit (loss) for the period9904 | €13k | €-7k | €10k | €2k | €44k | ▲ 2,259% |
| Transfer from tax-exempt reserves789 | - | - | - | €17k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-7k | €10k | €19k | €44k | ▲ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €164k | €161k | €152k | €206k | ▲ 36.0% |
| Fixed assets21/28 | €11k | €9k | €2k | €529 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €11k | €9k | €2k | €529 | €0 | ▼ 100% |
| Furniture and vehicles24 | €11k | €9k | €2k | €529 | €0 | ▼ 100% |
| Current assets29/58 | €146k | €155k | €159k | €151k | €206k | ▲ 36.5% |
| Amounts receivable within one year40/41 | €113k | €146k | €148k | €146k | €188k | ▲ 29.5% |
| Trade receivables40 | €13k | €9k | €4k | €15k | €26k | ▲ 69.5% |
| Other amounts receivable41 | €100k | €137k | €143k | €130k | €162k | ▲ 24.8% |
| Cash at bank and in hand54/58 | €34k | €9k | €12k | €6k | €4k | ▼ 34.3% |
| Deferred charges and accrued income490/1 | €149 | - | - | - | €14k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €164k | €161k | €152k | €206k | ▲ 36.0% |
| Equity10/15 | €136k | €129k | €139k | €141k | €185k | ▲ 31.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | - | - | - | - | - |
| Other1109/19 | €6k | - | - | - | - | - |
| Reserves13 | €111k | €111k | €111k | €119k | €163k | ▲ 37.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €17k | €17k | €17k | €0 | - | - |
| Distributable reserves133 | €93k | €93k | €93k | €117k | €162k | ▲ 37.8% |
| Profit (loss) carried forward14 | €18k | €11k | €21k | €15k | €15k | = |
| Amounts payable17/49 | €22k | €36k | €23k | €11k | €21k | ▲ 91.9% |
| Amounts payable after more than one year17 | €767 | - | - | - | €2k | - |
| Financial debts170/4 | €767 | - | - | - | €2k | - |
| Amounts payable within one year42/48 | €21k | €36k | €23k | €11k | €20k | ▲ 75.8% |
| Current portion of amounts payable after more than one year42 | €3k | €767 | - | - | €3k | - |
| Financial debts43 | - | - | - | €2k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €2k | €0 | ▼ 100% |
| Trade debts44 | €3k | €18k | €8k | €2k | €1k | ▼ 42.2% |
| Suppliers440/4 | €3k | €18k | €8k | €2k | €1k | ▼ 42.2% |
| Taxes, remuneration and social security45 | €15k | €17k | €15k | €8k | €15k | ▲ 97.4% |
| Taxes450/3 | €15k | €17k | €15k | €8k | €15k | ▲ 97.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-7k | €10k | €2k | €44k | ▲ 2,259% |
| + Depreciation and write-downs630 | €5k | €5k | €2k | €1k | €529 | ▼ 63.8% |
| Operating cash flow (approximation) | €18k | €-2k | €12k | €3k | €45k | ▲ 1,243% |
| Investment in fixed assets (approximation) | - | €-2k | €5k | €0 | €0 | - |
| Change in cash | - | €-25k | €3k | €-6k | €-2k | ▲ 67.1% |
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
02-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
31-12
Financial
Highest result since 2018net €44k ▲2,259%
Operating result €59k, net result €44k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲31.6%
3 profitable years in a row build equity to €185k.
05-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 66 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 326 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 213 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 6.99
Current ratio from 2.30 to 6.99; short-term debt falls from €84k to €21k.
2020
31-12
Financial
Equity above €100kEq €123k ▲35.9%
2 profitable years in a row build equity to €123k.
Show earlier events
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 435 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kraainem · 1 establishment unit since 2003
Ground area
252 m²
Building footprint
77 m²
Volume, LiDAR
836 m³
Parcel 22002B0095/00Y029, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tulpenstraat 4, 1950 Kraainem
since 20032.126.993.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002B0095/00Y029 | Flanders | 252 m² | 1 · 77 m² | 12.6 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,591 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
Founded12-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.