DILDAR
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384997.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 5 filings
Turnover
€1.3m▼ 26.2%
2024 · €1.8m
EBIT margin
8.3%▲ 3.3pp
2024 · 5.0%
Net result
€76,035▲ 28.4%
2024 · €59,219
Working capital
€150,961▲ 125%
2024 · €67,141
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
€1.3m
▼ 26.2%
2025
20212025
Operating result
€110,092
▲ 22.4%
2025
20212025
Net result
€76,035
▲ 28.4%
2025
highest quarter of the sector
20212025
EBIT margin
8.3%
▲ 3.3pp
2025
20212025
Equity
€195,599
▲ 63.6%
2025
highest quarter of the sector
20212025
Total assets
€374,667
▲ 28.6%
2025
highest quarter of the sector
20212025
Debt
€179,068
▲ 4.2%
2025
20212025
Working capital
€150,961
▲ 125%
2025
highest quarter of the sector
20212025
Solvency
52.2%
▲ 11.2pp
2025
middle half of the sector
20212025
Current ratio
1.84
▲ 0.45
2025
middle half of the sector
20212025
Return on assets (ROA)
20.3%
=
2025
highest quarter of the sector
20212025
Staff (FTE)
8.8
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.2m-€0.9m▲ 311%€1.8m€1.3m▼ 26.2%
Operating result€0.02m-€0.03m▲ 30.9%€0.05m▲ 74.8%€0.09m▲ 83.4%€0.1m▲ 22.4%
Net result€0.02mwithin the sector's middle half-€0.01mwithin the sector's middle half▼ 7.2%€0.03mabove the sector's middle half▲ 95.6%€0.06mabove the sector's middle half▲ 102%€0.08mabove the sector's middle half▲ 28.4%
EBIT margin9.8%-3.1%▼ 6.7pp5.0%8.3%▲ 3.3pp
Equity€0.02mwithin the sector's middle half-€0.03mwithin the sector's middle half▲ 92.8%€0.06mwithin the sector's middle half▲ 94.1%€0.1mabove the sector's middle half▲ 98.1%€0.2mabove the sector's middle half▲ 63.6%
Total assets€0.06mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 73.5%€0.3mabove the sector's middle half▲ 160%€0.3mabove the sector's middle half▲ 16.5%€0.4mabove the sector's middle half▲ 28.6%
Debt€0.04m-€0.07m▲ 65.6%€0.2m▲ 191%€0.2m▼ 9.4%€0.2m▲ 4.2%
Working capital-€0.02mwithin the sector's middle half-€0.001mwithin the sector's middle half-€0.001mwithin the sector's middle half€0.07mabove the sector's middle half€0.2mabove the sector's middle half▲ 125%
Solvency29.0%within the sector's middle half-32.3%within the sector's middle half▲ 3.2pp24.1%within the sector's middle half▼ 8.1pp41.0%within the sector's middle half▲ 16.9pp52.2%within the sector's middle half▲ 11.2pp
Current ratio0.61within the sector's middle half-1.02within the sector's middle half▲ 0.410.99within the sector's middle half▼ 0.021.39within the sector's middle half▲ 0.401.84within the sector's middle half▲ 0.45
Return on assets (ROA)29.0%above the sector's middle half-15.5%above the sector's middle half▼ 13.5pp11.7%within the sector's middle half▼ 3.8pp20.3%above the sector's middle half▲ 8.6pp20.3%above the sector's middle half=
Staff (FTE)8.8
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 22% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374,667
Fixed assets
€44,638 ▼ 14.8%
Current assets
€330,029 ▲ 38.1%
Equity and liabilities €374,667
Equity
€195,599 ▲ 63.6%
Debt
€179,068 ▲ 4.2%
Debt's share of the balance-sheet total falls from 59.0% to 47.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119,099▲
2024 · €99,342
Cash flow
€85,042▲
2024 · €68,593
Quick ratio
1.83▲
2024 · 1.37
Debt to equity
0.92▼
2024 · 1.44
ROE
38.9%▼
2024 · 49.5%
Interest coverage
13.68▲
2024 · 9.02
Debt ≤ 1 year
€179,068▲
2024 · €171,809
Income taxes
€25,352▲
2024 · €19,740
Customer credit
8 days▲
2024 · 4 days
Supplier credit
25 days▲
2024 · 19 days
Staff costs
€251,917▼
2024 · €281,770
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 8 |
| full-time | 1 |
| part-time | 7 |
| in full-time equivalents | 4.6 |
| Average over the year, in full-time equivalents | 5.8 |
| On a permanent contract | 3 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,074 | €877 | €35,843 | €2,200 | €1,222 |
| Intangible fixed assets | - | €140 | - | - | - |
| Financial fixed assets | €21,000 | - | €2,700 | - | - |
| Depreciation and write-downs of the year | €1,541 | €2,313 | €6,845 | €9,373 | €9,007 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | €0.9m | - | €1.8m | €1.3m | ▼ 26.2% |
| Goods, raw materials, services and sundry goods60/61 | €0.2m | €0.7m | - | €1.4m | €1.0m | ▼ 32.0% |
| Remuneration, social security and pensions62 | €0.02m | €0.1m | €0.3m | €0.3m | €0.3m | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.002m | €0.007m | €0.009m | €0.009m | ▼ 3.9% |
| Other operating charges640/8 | €498 | €0.009m | €0.006m | €0.004m | €0.002m | ▼ 51.8% |
| Gross operating margin9900 | €0.05m | €0.2m | €0.4m | €0.4m | €0.4m | ▼ 3.2% |
| Operating profit (loss)9901 | €0.02m | €0.03m | €0.05m | €0.09m | €0.1m | ▲ 22.4% |
| Financial income75/76B | - | €25 | - | - | - | - |
| Recurring financial income75 | - | €25 | - | - | - | - |
| Financial charges65/66B | €100 | €0.008m | €0.01m | €0.01m | €0.009m | ▼ 20.9% |
| Recurring financial charges65 | €100 | €0.008m | €0.01m | €0.01m | €0.009m | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | €0.04m | €0.08m | €0.1m | ▲ 28.4% |
| Income taxes67/77 | €0.005m | €0.005m | €0.01m | €0.02m | €0.03m | ▲ 28.4% |
| Profit (loss) for the period9904 | €0.02m | €0.01m | €0.03m | €0.06m | €0.08m | ▲ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.01m | €0.03m | €0.06m | €0.08m | ▲ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,522 | €96,330 | €250,002 | €291,373 | €374,667 | ▲ 28.6% |
| Formation expenses20 | €140 | - | - | - | - | - |
| Fixed assets21/28 | €31,393 | €30,097 | €61,796 | €52,423 | €44,638 | ▼ 14.8% |
| Tangible fixed assets22/27 | €10,393 | €9,097 | €38,096 | €28,723 | €20,938 | ▼ 27.1% |
| Plant, machinery and equipment23 | €3,303 | €2,953 | €2,603 | €2,253 | €1,903 | ▼ 15.5% |
| Furniture and vehicles24 | €7,090 | €6,144 | €31,180 | €23,157 | €16,722 | ▼ 27.8% |
| Other tangible fixed assets26 | - | - | €4,312 | €3,312 | €2,312 | ▼ 30.2% |
| Financial fixed assets28 | €21,000 | €21,000 | €23,700 | €23,700 | €23,700 | = |
| Current assets29/58 | €23,989 | €66,233 | €188,206 | €238,950 | €330,029 | ▲ 38.1% |
| Stocks and contracts in progress3 | €446 | €13,898 | €35,343 | €3,695 | €2,541 | ▼ 31.2% |
| Stocks30/36 | €446 | €13,898 | €35,343 | €3,695 | €2,541 | ▼ 31.2% |
| Amounts receivable within one year40/41 | - | €5,927 | €17,364 | €22,095 | €28,804 | ▲ 30.4% |
| Trade receivables40 | - | €5,204 | €16,704 | €18,137 | €28,600 | ▲ 57.7% |
| Other amounts receivable41 | - | €723 | €660 | €3,958 | €204 | ▼ 94.8% |
| Cash at bank and in hand54/58 | €23,336 | €45,989 | €133,622 | €210,821 | €295,437 | ▲ 40.1% |
| Deferred charges and accrued income490/1 | €207 | €419 | €1,876 | €2,339 | €3,247 | ▲ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,522 | €96,330 | €250,002 | €291,373 | €374,667 | ▲ 28.6% |
| Equity10/15 | €16,118 | €31,082 | €60,344 | €119,564 | €195,599 | ▲ 63.6% |
| Profit (loss) carried forward14 | €16,118 | €31,082 | €60,344 | €119,564 | €195,599 | ▲ 63.6% |
| Amounts payable17/49 | €39,404 | €65,249 | €189,657 | €171,809 | €179,068 | ▲ 4.2% |
| Amounts payable within one year42/48 | €39,404 | €65,249 | €189,657 | €171,809 | €179,068 | ▲ 4.2% |
| Trade debts44 | €7,607 | €17,511 | €87,608 | €73,382 | €66,122 | ▼ 9.9% |
| Suppliers440/4 | €7,607 | €17,511 | €87,608 | €73,382 | €66,122 | ▼ 9.9% |
| Taxes, remuneration and social security45 | €28,581 | €47,737 | €95,351 | €89,676 | €100,619 | ▲ 12.2% |
| Taxes450/3 | €17,554 | €42,312 | €48,344 | €54,791 | €60,985 | ▲ 11.3% |
| Remuneration and social security454/9 | €11,027 | €5,425 | €47,007 | €34,885 | €39,634 | ▲ 13.6% |
| Other amounts payable47/48 | €3,216 | - | €6,699 | €8,750 | €12,327 | ▲ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,118 | €14,964 | €29,263 | €59,219 | €76,035 | ▲ 28.4% |
| + Depreciation and write-downs630 | €1,541 | €2,313 | €6,845 | €9,373 | €9,007 | ▼ 3.9% |
| Operating cash flow (approximation) | €17,660 | €17,276 | €36,107 | €68,593 | €85,042 | ▲ 24.0% |
| Investment in fixed assets (approximation) | - | -€1,017 | -€38,543 | €0 | -€1,222 | - |
| Change in cash | - | €22,653 | €87,634 | €77,199 | €84,615 | ▲ 9.6% |
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, 26,972 companies had the same profile as DILDAR has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DILDAR itself: 0.5% 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 26,972 companies, not a prediction for DILDAR. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00384997 | |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00369022 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00323312 | |
| 31-12-2022 | micro format | 09-08-2023 | 2023-00325724 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20285819 |