DHOVAN
ActiveSummary
DHOVAN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243,375 and a net result of -€51,015. Equity is shrinking by ~11.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 4.64; short-term debt: 2.3% and cash: 10.8% of total assets), and 17.5% 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 · 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€51,015
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
29 d late
2023
28 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€243,375▼ 17.3%
2024 · €294,390
Total assets
€294,866▼ 17.4%
2024 · €357,051
Net result
-€51,015▼ 24.5%
2024 · -€40,962
Working capital
€24,969▼ 38.9%
2024 · €40,872
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-€87,863▼ 26.8%-€76,902▲ 12.5%-€68,969▲ 10.3%-€59,162▲ 14.2%-€68,769▼ 16.2%
Net result-€62,392▼ 39.7%-€52,788▲ 15.4%-€47,133▲ 10.7%-€40,962▲ 13.1%-€51,015▼ 24.5%
Equity€435,273▼ 25.1%€382,485▼ 12.1%€335,352▼ 12.3%€294,390▼ 12.2%€243,375▼ 17.3%
Total assets€571,414▼ 24.0%€487,063▼ 14.8%€418,787▼ 14.0%€357,051▼ 14.7%€294,866▼ 17.4%
Debt€9,432▼ 48.7%€2,027▼ 78.5%€2,765▲ 36.4%€235▼ 91.5%€6,865▲ 2,819%
Working capital€46,708▼ 64.8%€48,732▲ 4.3%€44,998▼ 7.7%€40,872▼ 9.2%€24,969▼ 38.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68,769 in 2025 against €59,162 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,866
Fixed assets
€263,032 ▼ 16.7%
Current assets
€31,834 ▼ 22.6%
Equity and liabilities €294,866
Equity
€243,375 ▼ 17.3%
Provisions
€44,626 ▼ 28.5%
Debt
€6,865 ▲ 2,819%
Debt's share of the balance-sheet total rises from 0.1% to 2.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,859▼
2024 · -€4,080
Cash flow
€1,896▼
2024 · €14,119
Current ratio
4.64
Debt to equity
0.03▲
2024 · 0.00
ROE
-21.0%▼
2024 · -13.9%
ROA
-17.3%▼
2024 · -11.5%
Interest coverage
-352.41▼
2024 · -90.67
Debt ≤ 1 year
€6,865▲
2024 · €235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,009 | €78,970 | €65,280 | €55,081 | €52,911 | ▼ 3.9% |
| Other operating charges640/8 | €6,641 | €6,143 | €6,095 | €5,905 | €4,860 | ▼ 17.7% |
| Gross operating margin9900 | €7,787 | €8,211 | €2,406 | €1,825 | -€10,999 | ▼ 703% |
| Operating profit (loss)9901 | -€87,863 | -€76,902 | -€68,969 | -€59,162 | -€68,769 | ▼ 16.2% |
| Financial charges65/66B | €56 | €45 | €45 | €45 | €45 | = |
| Recurring financial charges65 | €56 | €45 | €45 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | -€87,919 | -€76,947 | -€69,014 | -€59,207 | -€68,814 | ▼ 16.2% |
| Transfer from deferred taxes780 | €25,527 | €24,159 | €21,881 | €18,244 | €17,800 | ▼ 2.4% |
| Profit (loss) for the period9904 | -€62,392 | -€52,788 | -€47,133 | -€40,962 | -€51,015 | ▼ 24.5% |
| Transfer from tax-exempt reserves789 | €49,575 | €46,917 | €42,494 | €35,431 | €34,568 | ▼ 2.4% |
| Profit (loss) for the period to be appropriated9905 | -€12,817 | -€5,871 | -€4,639 | -€5,531 | -€16,447 | ▼ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €571,414 | €487,063 | €418,787 | €357,051 | €294,866 | ▼ 17.4% |
| Fixed assets21/28 | €515,274 | €436,304 | €371,024 | €315,943 | €263,032 | ▼ 16.7% |
| Tangible fixed assets22/27 | €515,274 | €436,304 | €371,024 | €315,943 | €263,032 | ▼ 16.7% |
| Land and buildings22 | €363,817 | €285,528 | €220,699 | €165,938 | €113,345 | ▼ 31.7% |
| Plant, machinery and equipment23 | €2,721 | €2,040 | €1,589 | €1,269 | €951 | ▼ 25.1% |
| Leasing and similar rights25 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Current assets29/58 | €56,140 | €50,759 | €47,763 | €41,108 | €31,834 | ▼ 22.6% |
| Amounts receivable within one year40/41 | €940 | - | - | - | - | - |
| Other amounts receivable41 | €940 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €55,200 | €50,759 | €47,763 | €41,108 | €31,834 | ▼ 22.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €571,414 | €487,063 | €418,787 | €357,051 | €294,866 | ▼ 17.4% |
| Equity10/15 | €435,273 | €382,485 | €335,352 | €294,390 | €243,375 | ▼ 17.3% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €275,090 | €228,173 | €185,679 | €150,248 | €115,680 | ▼ 23.0% |
| Non-distributable reserves130/1 | €11,861 | €11,861 | €11,861 | €11,861 | €11,861 | = |
| Reserves not available under the articles1311 | €11,861 | €11,861 | €11,861 | €11,861 | €11,861 | = |
| Tax-exempt reserves132 | €244,342 | €197,425 | €154,931 | €119,499 | €84,932 | ▼ 28.9% |
| Distributable reserves133 | €18,887 | €18,887 | €18,887 | €18,887 | €18,887 | = |
| Profit (loss) carried forward14 | €10,183 | €4,312 | -€327 | -€5,858 | -€22,304 | ▼ 281% |
| Provisions and deferred taxes16 | €126,709 | €102,551 | €80,670 | €62,426 | €44,626 | ▼ 28.5% |
| Deferred taxes168 | €126,709 | €102,551 | €80,670 | €62,426 | €44,626 | ▼ 28.5% |
| Amounts payable17/49 | €9,432 | €2,027 | €2,765 | €235 | €6,865 | ▲ 2,819% |
| Amounts payable within one year42/48 | €9,432 | €2,027 | €2,765 | €235 | €6,865 | ▲ 2,819% |
| Trade debts44 | €3,197 | €1,792 | €2,530 | - | €6,630 | - |
| Suppliers440/4 | €3,197 | €1,792 | €2,530 | - | €6,630 | - |
| Other amounts payable47/48 | €6,235 | €235 | €235 | €235 | €235 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,392 | -€52,788 | -€47,133 | -€40,962 | -€51,015 | ▼ 24.5% |
| + Depreciation and write-downs630 | €89,009 | €78,970 | €65,280 | €55,081 | €52,911 | ▼ 3.9% |
| Operating cash flow (approximation) | €26,617 | €26,182 | €18,147 | €14,119 | €1,896 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€4,441 | -€2,996 | -€6,655 | -€9,274 | ▼ 39.3% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity times 10current ratio 174.82
Current ratio from 17.27 to 174.82; short-term debt falls from €2,765 to €235.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 25.04
Current ratio from 5.95 to 25.04; short-term debt falls from €9,432 to €2,027.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€62,392
Net result drops to -€62,392, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 12.39
Current ratio from 4.79 to 12.39; short-term debt falls from €19,570 to €9,582.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kruisem · 1 establishment unit since 1983
Ground area
4,108 m²
Building footprint
1,455 m²
Volume, LiDAR
8,263 m³
2 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALBEDO
since 19832.128.855.238
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015C0903/00B000 | Flanders | 3,204 m² | 1 · 1,229 m² | 9.8 m · 2 fl. |
| 44079A0140/00H002 | Flanders | 904 m² | 1 · 226 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-1983
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423860306
Also
9925:BE0423860306
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.