DIFFUSION ET MANAGEMENT
ActiveSummary
DIFFUSION ET MANAGEMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €359,319 and a net result of €3,599. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 40% of 164 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability45▲+33
Solvency47▼-4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.13 in 2025; short-term debt: 47.8% and cash: 1.8% of total assets), and 77.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2026Solvency, return and age of the figures
Solvency
22.4%
Return on assets
0.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 21-07-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
41 d early
2025
13 d early
2024
30 d early
2023
28 d late
2022
29 d late
2021
30 d late
2020
60 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€2.3m
EBIT margin
-3.2%
Net result
€3,599
2025 · -€113,414
Working capital
€74,231▲ 7.7%
2025 · €68,909
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
Line20222023202420252026
Turnover€2.3m
Operating result€47,937€43,880▼ 8.5%-€54,946-€71,532▼ 30.2%€39,117
Net result€11,815€6,808▼ 42.4%-€100,895-€113,414▼ 12.4%€3,599
EBIT margin-3.2%
Equity€268,221▲ 4.6%€570,029▲ 113%€469,135▼ 17.7%€355,720▼ 24.2%€359,319▲ 1.0%
Total assets€1.5m▲ 40.7%€1.8m▲ 16.0%€1.5m▼ 14.1%€1.4m▼ 11.3%€1.6m▲ 17.6%
Debt€1.3m▲ 51.8%€1.2m▼ 4.3%€1.1m▼ 12.5%€1.0m▼ 5.6%€1.2m▲ 23.5%
Working capital€508,501▼ 9.2%€423,625▼ 16.7%€302,756▼ 28.5%€68,909▼ 77.2%€74,231▲ 7.7%
Staff (FTE)14.3▲ 10.0%15.8▲ 10.5%17.7▲ 12.0%14.7▼ 16.9%12.5▼ 15.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €39,117 after a loss of €71,532 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.6m
Fixed assets
€762,470 =
Current assets
€839,944 ▲ 40.2%
Equity and liabilities €1.6m
Equity
€359,319 ▲ 1.0%
Debt
€1.2m ▲ 23.5%
Debt's share of the balance-sheet total rises from 73.9% to 77.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108,924▲
2025 · -€7,350
Cash flow
€73,406▲
2025 · -€49,232
Current ratio
1.10▼
2025 · 1.13
Quick ratio
0.34▲
2025 · 0.08
Debt to equity
3.46▲
2025 · 2.83
ROE
1.0%▲
2025 · -31.9%
ROA
0.2%▲
2025 · -8.3%
Interest coverage
3.08▲
2025 · -0.18
Debt ≤ 1 year
€765,713▲
2025 · €530,379
Debt > 1 year
€469,882▼
2025 · €476,017
Income taxes
€177▲
2025 · €175
Staff costs
€519,538▼
2025 · €586,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 4,098 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €2.3m | - | - |
| Non-recurring operating income76A | - | €5,992 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.8m | - | - |
| Remuneration, social security and pensions62 | €382,036 | €526,819 | €561,319 | €586,080 | €519,538 | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,117 | €62,668 | €65,817 | €64,183 | €69,807 | ▲ 8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €47,896 | €51,728 | €118,871 | -€84,093 | -€240,433 | ▼ 186% |
| Other operating charges640/8 | €13,510 | €2,579 | €1,574 | €1,948 | €7,461 | ▲ 283% |
| Non-recurring operating charges66A | - | - | - | €10,850 | €24,430 | ▲ 125% |
| Gross operating margin9900 | €542,496 | €687,673 | €692,635 | €507,434 | €419,920 | ▼ 17.2% |
| Operating profit (loss)9901 | €47,937 | €43,880 | -€54,946 | -€71,532 | €39,117 | ▲ 155% |
| Financial income75/76B | €0 | - | - | €0 | €44 | ▲ 222,200% |
| Recurring financial income75 | €0 | - | - | €0 | €44 | ▲ 222,200% |
| Financial charges65/66B | €35,777 | €37,072 | €45,254 | €41,707 | €35,386 | ▼ 15.2% |
| Recurring financial charges65 | €35,777 | €37,072 | €45,254 | €41,707 | €35,386 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €12,160 | €6,808 | -€100,199 | -€113,239 | €3,775 | ▲ 103% |
| Income taxes67/77 | €345 | - | €696 | €175 | €177 | ▲ 0.9% |
| Profit (loss) for the period9904 | €11,815 | €6,808 | -€100,895 | -€113,414 | €3,599 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €11,815 | €6,808 | -€100,895 | -€113,414 | €3,599 | ▲ 103% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.8m | €1.5m | €1.4m | €1.6m | ▲ 17.6% |
| Fixed assets21/28 | €616,482 | €864,927 | €813,509 | €762,828 | €762,470 | = |
| Intangible fixed assets21 | €10,714 | €0 | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €605,768 | €864,927 | €813,509 | €762,828 | €746,220 | ▼ 2.2% |
| Plant, machinery and equipment23 | €156,456 | €138,814 | €117,888 | €89,315 | €92,176 | ▲ 3.2% |
| Furniture and vehicles24 | - | - | - | €8,384 | €19,407 | ▲ 131% |
| Leasing and similar rights25 | €449,313 | €726,113 | €695,621 | €665,129 | €634,637 | ▼ 4.6% |
| Financial fixed assets28 | - | - | - | €0 | €16,250 | - |
| Current assets29/58 | €924,329 | €922,459 | €721,356 | €599,289 | €839,944 | ▲ 40.2% |
| Stocks and contracts in progress3 | €697,066 | €699,154 | €643,885 | €556,214 | €578,867 | ▲ 4.1% |
| Stocks30/36 | €697,066 | €699,154 | €643,885 | €556,214 | €578,867 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €120,476 | €146,131 | €46,024 | €1,518 | €229,925 | ▲ 15,043% |
| Trade receivables40 | €120,476 | €125,267 | €42,471 | €0 | €229,925 | - |
| Other amounts receivable41 | - | €20,863 | €3,553 | €1,518 | - | - |
| Cash at bank and in hand54/58 | €77,703 | €68,989 | €28,926 | €39,425 | €28,769 | ▼ 27.0% |
| Deferred charges and accrued income490/1 | €29,084 | €8,185 | €2,520 | €2,131 | €2,384 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.8m | €1.5m | €1.4m | €1.6m | ▲ 17.6% |
| Equity10/15 | €268,221 | €570,029 | €469,135 | €355,720 | €359,319 | ▲ 1.0% |
| Contributions10/11 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Capital10 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Issued capital100 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Revaluation surpluses12 | - | €295,000 | €282,708 | €270,417 | €258,125 | ▼ 4.5% |
| Reserves13 | - | - | €12,292 | €24,583 | €36,875 | ▲ 50.0% |
| Distributable reserves133 | - | - | €12,292 | €24,583 | €36,875 | ▲ 50.0% |
| Profit (loss) carried forward14 | -€181,779 | -€174,971 | -€275,865 | -€389,280 | -€385,681 | ▲ 0.9% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.0m | €1.2m | ▲ 23.5% |
| Amounts payable after more than one year17 | €856,763 | €717,768 | €647,051 | €476,017 | €469,882 | ▼ 1.3% |
| Financial debts170/4 | €856,763 | €717,768 | €647,051 | €476,017 | €469,882 | ▼ 1.3% |
| Amounts payable within one year42/48 | €415,828 | €498,834 | €418,600 | €530,379 | €765,713 | ▲ 44.4% |
| Current portion of amounts payable after more than one year42 | €124,360 | €133,013 | €153,891 | €164,431 | €58,849 | ▼ 64.2% |
| Financial debts43 | €140,000 | €250,000 | €150,000 | €250,000 | €250,000 | = |
| Credit institutions430/8 | €140,000 | €250,000 | €150,000 | €250,000 | €250,000 | = |
| Trade debts44 | €82,611 | €30,376 | €27,467 | €26,292 | €52,996 | ▲ 102% |
| Suppliers440/4 | €82,611 | €30,376 | €27,467 | €26,292 | €52,996 | ▲ 102% |
| Taxes, remuneration and social security45 | €66,255 | €85,445 | €87,241 | €78,806 | €77,889 | ▼ 1.2% |
| Taxes450/3 | €1,004 | €2,672 | €1,682 | €2,341 | €2,560 | ▲ 9.4% |
| Remuneration and social security454/9 | €65,251 | €82,772 | €85,559 | €76,465 | €75,329 | ▼ 1.5% |
| Other amounts payable47/48 | €2,603 | - | - | €10,850 | €325,979 | ▲ 2,904% |
| Accrued charges and deferred income492/3 | - | €755 | €80 | €0 | €7,500 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,815 | €6,808 | -€100,895 | -€113,414 | €3,599 | ▲ 103% |
| + Depreciation and write-downs630 | €51,117 | €62,668 | €65,817 | €64,183 | €69,807 | ▲ 8.8% |
| Operating cash flow (approximation) | €62,932 | €69,476 | -€35,078 | -€49,232 | €73,406 | ▲ 249% |
| Investment in fixed assets (approximation) | - | -€311,112 | -€14,400 | -€13,501 | -€69,450 | ▼ 414% |
| Change in cash | - | -€8,713 | -€40,063 | €10,499 | -€10,656 | ▼ 201% |
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 2027, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-01
Financial
Back to profitnet €3,599
Net result €3,599 after 2 loss-making years.
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
31-01
Financial
Equity above €500,000Eq €570,029 ▲113%
2 profitable years in a row build equity to €570,029.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
31-01
Financial
Back to profitnet €11,815
Net result €11,815 after 3 loss-making years.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
31-01
Financial
Weakest financial yearnet -€123,763
Net result drops to -€123,763, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Bastogne · 5 establishment units since 2016
Ground area
1.9 ha
Building footprint
2,533 m²
Volume, LiDAR
4,455 m³
4 parcels, Wallonia · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
5 establishment units
DIFFUSION ET MANAGEMENT
since 20162.249.766.926
MARBAISE
since 20162.249.766.827
Rue des Boussines, Vaux-Chavanne 48, 6960 Manhay
since 20162.253.444.414
MARBAISE
since 20162.255.144.981
MARBAISE
since 20172.265.362.150
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92003H0040/00S003 | Wallonia | 1.2 ha | 1 · 1,952 m² | - |
| 83051A0922/00E002 | Wallonia | 5,845 m² | 1 · 152 m² | - |
| 62038B0097/00W005 | Wallonia | 757 m² | 1 · 325 m² | 11.6 m · 3 fl. |
| 82302B0836/00S000 | Wallonia | 422 m² | 1 · 104 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
18%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,035 companies in sector 47721 we hold annual accounts for 582. 409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-02-2016
Fiscal year end31-01
Activities, NACEBEL 2025
47721Retail sale of footwear
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647819745
Also
9925:BE0647819745
Registered
16-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.