DIDECO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-04-2026 PDF all 32 filings
Every figure per financial year
The operating result for 2025 is 12% lower than in 2024 and the lowest since 2019. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,043 | €220,000 | €30,182 | €410,370 | €3,950 |
| Depreciation and write-downs of the year | €50,154 | €44,069 | €48,273 | €56,203 | €64,338 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,502 | €52,476 | €50,154 | €44,069 | €48,273 | €56,203 | €64,338 | ▲ 14.5% |
| Other operating charges640/8 | - | - | €6,509 | €6,963 | €7,281 | €8,214 | €8,468 | ▲ 3.1% |
| Gross operating margin9900 | €115,706 | €140,929 | €136,153 | €141,261 | €162,783 | €154,141 | €151,820 | ▼ 1.5% |
| Operating profit (loss)9901 | €53,783 | €82,276 | €79,489 | €90,230 | €107,228 | €89,725 | €79,014 | ▼ 11.9% |
| Financial income75/76B | - | - | €0 | €0 | €0 | €659 | €685 | ▲ 3.9% |
| Recurring financial income75 | €414 | €0 | €0 | €0 | €0 | €659 | €685 | ▲ 3.9% |
| Financial charges65/66B | - | - | €8,513 | €8,181 | €9,935 | €10,053 | €8,906 | ▼ 11.4% |
| Recurring financial charges65 | €12,764 | €10,243 | €8,513 | €8,181 | €9,935 | €10,053 | €8,906 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €41,433 | €72,033 | €70,976 | €82,049 | €97,294 | €80,331 | €70,793 | ▼ 11.9% |
| Income taxes67/77 | €8,666 | €14,850 | €18,418 | €23,613 | €24,543 | €21,706 | €23,431 | ▲ 7.9% |
| Profit (loss) for the period9904 | €32,767 | €57,183 | €52,558 | €58,436 | €72,750 | €58,625 | €47,362 | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €32,767 | €57,183 | €52,558 | €58,436 | €72,750 | €58,625 | €47,362 | ▼ 19.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €1.1m | €1.1m | €1.4m | €1.3m | ▼ 2.9% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.8m | €1.0m | €1.0m | €1.3m | €1.3m | ▼ 4.5% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.8m | €1.0m | €1.0m | €1.3m | €1.3m | ▼ 4.5% |
| Land and buildings22 | - | - | €0.8m | €1.0m | €1.0m | €1.3m | €1.3m | ▼ 4.5% |
| Furniture and vehicles24 | - | - | €0.002m | €0.001m | €81 | €0 | - | - |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €0.04m | €0.07m | €0.09m | €0.1m | €0.2m | €0.02m | €0.04m | ▲ 85.4% |
| Amounts receivable within one year40/41 | €0.03m | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 33.4% |
| Trade receivables40 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 15.1% |
| Other amounts receivable41 | - | - | - | - | - | €0.003m | €23 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.07m | €0.1m | €0.2m | €0.005m | €0.03m | ▲ 477% |
| Deferred charges and accrued income490/1 | - | - | €0.007m | €0.002m | €0.003m | €0.003m | €0.003m | ▲ 14.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €1.1m | €1.1m | €1.4m | €1.3m | ▼ 2.9% |
| Equity10/15 | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 6.3% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▲ 6.8% |
| Profit (loss) carried forward14 | €0.02m | €0.02m | €0.03m | €0.04m | €0.008m | €0.007m | €0.009m | ▲ 35.9% |
| Amounts payable17/49 | €0.5m | €0.4m | €0.3m | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 14.4% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 15.1% |
| Financial debts170/4 | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 15.1% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.09m | €0.08m | €0.08m | €0.3m | €0.2m | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.05m | €0.05m | €0.06m | €0.05m | ▼ 17.9% |
| Trade debts44 | €0.004m | €0.001m | €0.005m | €0.002m | €0.006m | €0.01m | €0.001m | ▼ 85.9% |
| Suppliers440/4 | - | - | €0.005m | €0.002m | €0.006m | €0.01m | €0.001m | ▼ 85.9% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.008m | €0.01m | €0.007m | €0.001m | ▼ 86.2% |
| Taxes450/3 | - | - | €0.01m | €0.008m | €0.01m | €0.007m | €0.001m | ▼ 86.2% |
| Other amounts payable47/48 | - | - | €0.04m | €0.03m | €0.01m | €0.2m | €0.2m | ▼ 6.7% |
| Accrued charges and deferred income492/3 | - | - | €0.004m | €0.005m | €0.004m | €0.003m | €0.005m | ▲ 43.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,767 | €57,183 | €52,558 | €58,436 | €72,750 | €58,625 | €47,362 | ▼ 19.2% |
| + Depreciation and write-downs630 | €56,502 | €52,476 | €50,154 | €44,069 | €48,273 | €56,203 | €64,338 | ▲ 14.5% |
| Operating cash flow (approximation) | €89,269 | €109,659 | €102,713 | €102,504 | €121,023 | €114,828 | €111,700 | ▼ 2.7% |
| Investment in fixed assets (approximation) | - | -€9,064 | -€3,043 | -€220,000 | -€30,182 | -€410,370 | -€3,950 | ▲ 99.0% |
| Change in cash | - | €30,993 | €26,305 | €53,631 | €35,028 | -€154,947 | €25,505 | - |
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, 14,766 companies had the same profile as DIDECO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DIDECO itself: < 0.1% 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 14,766 companies, not a prediction for DIDECO. 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.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 01-04-2026 | 2026-00073683 | |
| 30-09-2024 | micro format | 03-04-2025 | 2025-00064033 | |
| 30-09-2023 | micro format | 27-03-2024 | 2024-00053218 | |
| 30-09-2022 | micro format | 05-04-2023 | 2023-00055453 | |
| 30-09-2021 | micro format | 25-04-2022 | 2022-20023698 | |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09100159 | |
| 30-09-2019 | micro format | 08-04-2020 | 2020-08900087 | |
| 30-09-2018 | micro format | 23-04-2019 | 2019-10500011 | |
| 30-09-2017 | micro format | 03-04-2018 | 2018-08900447 | |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-08200352 |