Dicavest
ActiveSummary
Dicavest has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,683 and a net result of €2,748. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+50
Solvency51▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.33 in 2024; short-term debt: 74.4% and cash: 24.5% of total assets), and 74.4% 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
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
25.6%
Return on assets
0.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
80 d early
2023
138 d early
2022
67 d early
2021
47 d early
2020
79 d early
2019
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 70 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 November (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€169,683▲ 1.6%
2024 · €166,935
Total assets
€663,720▼ 0.8%
2024 · €668,739
Net result
€2,748
2024 · -€395
Working capital
-€330,378▲ 1.6%
2024 · -€335,696
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,310▼ 1,065%-€417▲ 68.2%-€11,356▼ 2,623%-€5,320▲ 53.1%-€730▲ 86.3%
Net result€56,555-€612-€9,735▼ 1,490%-€395▲ 95.9%€2,748
Equity€177,677▲ 46.7%€177,065▼ 0.3%€167,330▼ 5.5%€166,935▼ 0.2%€169,683▲ 1.6%
Total assets€692,215▼ 0.6%€683,206▼ 1.3%€669,038▼ 2.1%€668,739=€663,720▼ 0.8%
Debt€514,537▼ 10.5%€506,141▼ 1.6%€501,708▼ 0.9%€501,803=€494,036▼ 1.5%
Working capital-€337,797▲ 38.4%-€334,527▲ 1.0%-€339,770▼ 1.6%-€335,696▲ 1.2%-€330,378▲ 1.6%
Staff (FTE)0
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 €730 in 2025 against €5,320 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €663,720
Fixed assets
€500,061 ▼ 0.9%
Current assets
€163,658 ▼ 0.4%
Equity and liabilities €663,720
Equity
€169,683 ▲ 1.6%
Debt
€494,036 ▼ 1.5%
Debt's share of the balance-sheet total falls from 75.0% to 74.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,643▲
2024 · -€947
Cash flow
€7,121▲
2024 · €3,979
Current ratio
0.33▲
2024 · 0.33
Debt to equity
2.91▼
2024 · 3.01
ROE
1.6%▲
2024 · -0.2%
ROA
0.4%▲
2024 · -0.1%
Interest coverage
13.73▲
2024 · -3.51
Debt ≤ 1 year
€494,036▼
2024 · €500,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,681 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 | €4,373 | €4,373 | €4,373 | €4,373 | €4,373 | = |
| Other operating charges640/8 | - | €1,191 | €1,833 | €1,968 | €130 | ▼ 93.4% |
| Non-recurring operating charges66A | - | - | €10,157 | €0 | - | - |
| Gross operating margin9900 | €6,447 | €5,148 | €5,007 | €1,021 | €3,774 | ▲ 270% |
| Operating profit (loss)9901 | -€1,310 | -€417 | -€11,356 | -€5,320 | -€730 | ▲ 86.3% |
| Financial income75/76B | - | €0 | €1,841 | €5,196 | €3,743 | ▼ 28.0% |
| Recurring financial income75 | €7,316 | €0 | €1,841 | €5,196 | €3,743 | ▼ 28.0% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €195 | €220 | €270 | €265 | ▼ 1.7% |
| Recurring financial charges65 | €2,451 | €195 | €220 | €270 | €265 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | €56,555 | -€612 | -€9,735 | -€395 | €2,748 | ▲ 796% |
| Profit (loss) for the period9904 | €56,555 | -€612 | -€9,735 | -€395 | €2,748 | ▲ 796% |
| Profit (loss) for the period to be appropriated9905 | €56,555 | -€612 | -€9,735 | -€395 | €2,748 | ▲ 796% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €692,215 | €683,206 | €669,038 | €668,739 | €663,720 | ▼ 0.8% |
| Fixed assets21/28 | €517,554 | €513,181 | €508,808 | €504,434 | €500,061 | ▼ 0.9% |
| Tangible fixed assets22/27 | €517,554 | €513,181 | €508,808 | €504,434 | €500,061 | ▼ 0.9% |
| Land and buildings22 | - | €513,181 | €508,808 | €504,434 | €500,061 | ▼ 0.9% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €174,661 | €170,026 | €160,230 | €164,304 | €163,658 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €0 | - | €3,300 | €8,859 | €1,359 | ▼ 84.7% |
| Other amounts receivable41 | - | - | €3,300 | €8,859 | €1,359 | ▼ 84.7% |
| Current investments50/53 | - | - | €156,289 | €151,890 | - | - |
| Cash at bank and in hand54/58 | €173,955 | €162,826 | €642 | €3,556 | €162,300 | ▲ 4,465% |
| Deferred charges and accrued income490/1 | - | €7,200 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €692,215 | €683,206 | €669,038 | €668,739 | €663,720 | ▼ 0.8% |
| Equity10/15 | €177,677 | €177,065 | €167,330 | €166,935 | €169,683 | ▲ 1.6% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | €124,000 | €124,000 | - | - | - |
| Issued capital100 | - | €124,000 | €124,000 | - | - | - |
| Revaluation surpluses12 | - | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | - | €300 | €300 | €0 | - | - |
| Legal reserve130 | - | €300 | €300 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | - | - | €300 | €300 | = |
| Profit (loss) carried forward14 | €3,799 | €3,186 | -€6,549 | -€6,943 | -€4,196 | ▲ 39.6% |
| Amounts payable17/49 | €514,537 | €506,141 | €501,708 | €501,803 | €494,036 | ▼ 1.5% |
| Amounts payable within one year42/48 | €512,458 | €504,552 | €500,000 | €500,000 | €494,036 | ▼ 1.2% |
| Trade debts44 | €705 | €0 | - | - | €1,236 | - |
| Suppliers440/4 | - | €0 | - | - | €1,236 | - |
| Other amounts payable47/48 | - | €504,552 | €500,000 | €500,000 | €492,800 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €1,589 | €1,708 | €1,803 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,555 | -€612 | -€9,735 | -€395 | €2,748 | ▲ 796% |
| + Depreciation and write-downs630 | €4,373 | €4,373 | €4,373 | €4,373 | €4,373 | = |
| Operating cash flow (approximation) | €60,928 | €3,761 | -€5,362 | €3,979 | €7,121 | ▲ 79.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,130 | -€162,184 | €2,914 | €158,744 | ▲ 5,347% |
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
11-09
State Gazette act
Registered officeRegistered-office move · Power of attorney5 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney5 facts ▸
- Board meeting, 25-06-2026
- Registered-office move, 9032 Wondelgem (Gent), Lariksstraat 1
- Power of attorney, Coopman & Partners Boekhouding & Fiscaliteit BV
- Power of attorney, Christoph Heyse
- Power of attorney, Rachel Van Opzeeland
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €2,748
Net result €2,748 after 3 loss-making years.
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€9,735
Net result drops to -€9,735, the lowest in the series; recovery starts the following year.
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €56,555
Net result €56,555 after 2 loss-making years.
30-06
Financial
Equity above €150,000Eq €177,677 ▲46.7%
Equity rises from €121,123 to €177,677.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1999
Ground area
754 m²
Building footprint
169 m²
Parcel 44074C0266/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Didier Markey
since 19992.097.017.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0266/00Y000 | Flanders | 754 m² | 1 · 169 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-1999
Fiscal year end30-06
Contact
Phone
0474948082Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466873965
Also
9925:BE0466873965
Registered
21-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.