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Dillo

Active
Private limited companyfounded 2014active for 12 yearsMeerdorp 7, 2321 Hoogstraten, BelgiumKBO/BCE: BE 0561.780.349

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 24-07-2026 at the NBB all 11 filings

Turnover
≈ €550,000
Estimated: probably between €300,000 and €730,000
Total assets
€833,881▲ 19.7%
2024 · €696,418
Net result
€28,641▼ 34.3%
2024 · €43,571
Working capital
€445,285▲ 22.2%
2024 · €364,442
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 33% lower than in 2024. It is the second fall in a row.

Operating result€53,540 2025 Net result€28,641 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Retail trade (NACE 47). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€104,466-€110,153▲ 5.4%€101,411▼ 7.9%€67,537▼ 33.4%€40,398▼ 40.2%€103,976▲ 157%€80,107▼ 23.0%€53,540▼ 33.2%
Net result€70,230-€61,435▼ 12.5%€68,701within the sector's middle half▲ 11.8%€36,441within the sector's middle half▼ 47.0%€15,374within the sector's middle half▼ 57.8%€65,666within the sector's middle half▲ 327%€43,571above the sector's middle half▼ 33.6%€28,641above the sector's middle half▼ 34.3%
Equity€156,797-€218,232▲ 39.2%€286,934within the sector's middle half▲ 31.5%€323,374within the sector's middle half▲ 12.7%€338,748within the sector's middle half▲ 4.8%€404,414within the sector's middle half▲ 19.4%€447,985above the sector's middle half▲ 10.8%€476,626above the sector's middle half▲ 6.4%
Total assets€556,346-€588,071▲ 5.7%€694,731within the sector's middle half▲ 18.1%€697,490within the sector's middle half▲ 0.4%€651,446within the sector's middle half▼ 6.6%€776,097within the sector's middle half▲ 19.1%€696,418above the sector's middle half▼ 10.3%€833,881above the sector's middle half▲ 19.7%
Debt€399,549-€369,839▼ 7.4%€407,797▲ 10.3%€374,116▼ 8.3%€312,699▼ 16.4%€371,684▲ 18.9%€248,432▼ 33.2%€357,255▲ 43.8%
Working capital€50,201-€135,841▲ 171%€205,935within the sector's middle half▲ 51.6%€244,125within the sector's middle half▲ 18.5%€261,336within the sector's middle half▲ 7.1%€326,933within the sector's middle half▲ 25.1%€364,442above the sector's middle half▲ 11.5%€445,285above the sector's middle half▲ 22.2%
Solvency28.2%-37.1%▲ 8.9pp41.3%within the sector's middle half▲ 4.2pp46.4%within the sector's middle half▲ 5.1pp52.0%within the sector's middle half▲ 5.6pp52.1%within the sector's middle half▲ 0.1pp64.3%above the sector's middle half▲ 12.2pp57.2%within the sector's middle half▼ 7.2pp
Current ratio1.19-1.54▲ 0.351.74within the sector's middle half▲ 0.201.94within the sector's middle half▲ 0.212.25within the sector's middle half▲ 0.312.17within the sector's middle half▼ 0.083.19above the sector's middle half▲ 1.022.89above the sector's middle half▼ 0.30
Return on assets (ROA)12.6%-10.4%▼ 2.2pp9.9%within the sector's middle half▼ 0.6pp5.2%within the sector's middle half▼ 4.7pp2.4%within the sector's middle half▼ 2.9pp8.5%within the sector's middle half▲ 6.1pp6.3%within the sector's middle half▼ 2.2pp3.4%within the sector's middle half▼ 2.8pp
Staff (FTE)0.4-0.3▼ 25.0%0.5below the sector's middle half▲ 66.7%0.1below the sector's middle half▼ 80.0%
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). 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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €833,881
Fixed assets €153,356 ▼ 7.5%
Current assets €680,525 ▲ 28.3%
Equity and liabilities €833,881
Equity €476,626 ▲ 6.4%
Debt €357,255 ▲ 43.8%
Debt's share of the balance-sheet total rises from 35.7% to 42.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€69,093▼
2024 · €96,651
Cash flow
€44,194▼
2024 · €60,115
Quick ratio
1.05▲
2024 · 0.69
Debt to equity
0.75▲
2024 · 0.55
ROE
6.0%▼
2024 · 9.7%
Interest coverage
3.96▼
2024 · 4.35
Debt ≤ 1 year
€235,240▲
2024 · €166,169
Debt > 1 year
€122,015▲
2024 · €82,263
Income taxes
€7,465▼
2024 · €14,459
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202031-12-2021
Average over the year, in full-time equivalents0.50.1
Joined-1
Left-1

Source: social balance sheet in the 2020 to 2021 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€2,664€660€2,230€12,781€3,103
Depreciation and write-downs of the year€17,446€14,001€13,354€16,544€15,553

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Dillo: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €603,000 and €1.1m, founded between 2012 and 2017.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Dillo Hoogstraten2014€0.8m€0.5m€0.07m€0.03m-2025
CAMUZEO Ukkel2016€0.7m€0.2m€0.07m€0.004m0.52025
ZUSTO Mechelen2016€1.1m€0.8m€0.07m-€0.1m0.52025
DEN TIJL Londerzeel2017€0.8m€0.1m€0.05m€0.008m-2025
Zarkawa Evere2013€0.7m€0.4m€0.1m€0.005m-2025
AL-TERRE-NATIVE Sombreffe2012€0.6m€0.1m€0.09m€0.003m-2025
TYMA Aubange2017€0.6m-€0.1m€0.06m-€0.07m-2025

They were chosen from the 998 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 6,049 companies had the same profile as Dillo has now. Two years later, 0.4% had gone bankrupt and 96.0% were still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
96.0% was still going

That fits the bankruptcy probability of Dillo itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,049 companies, not a prediction for Dillo. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€696,418€833,881▲
Formation expenses20€0€0=
Fixed assets21/28€165,806€153,356▼
Intangible fixed assets21€1,000€500▼
Tangible fixed assets22/27€162,056€150,106▼
Land and buildings22€147,281€142,238▼
Plant, machinery and equipment23€0€1,443▲
Furniture and vehicles24€14,776€6,425▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Financial fixed assets28€2,750€2,750=
Current assets29/58€530,611€680,525▲
Stocks and contracts in progress3€415,436€434,485▲
Stocks30/36€415,436€434,485▲
Amounts receivable within one year40/41€1,805€16,961▲
Trade receivables40-€15,692
Other amounts receivable41€1,805€1,268▼
Cash at bank and in hand54/58€110,904€227,192▲
Deferred charges and accrued income490/1€2,466€1,887▼
Equity and liabilities
Total equity and liabilities10/49€696,418€833,881▲
Equity10/15€447,985€476,626▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€427,525€456,166▲
Amounts payable17/49€248,432€357,255▲
Amounts payable after more than one year17€82,263€122,015▲
Financial debts170/4€82,263€77,015▼
Other amounts payable178/9-€45,000
Amounts payable within one year42/48€166,169€235,240▲
Current portion of amounts payable after more than one year42€9,826€5,248▼
Trade debts44€61,656€152,902▲
Suppliers440/4€61,656€152,902▲
Taxes, remuneration and social security45€63,275€44,254▼
Taxes450/3€49,648€31,616▼
Remuneration and social security454/9€13,627€12,638▼
Other amounts payable47/48€31,413€32,837▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,544€15,553▼
Other operating charges640/8€8,401€2,140▼
Non-recurring operating charges66A€28,260-
Gross operating margin9900€133,312€71,234▼
Operating profit (loss)9901€80,107€53,540▼
Financial income75/76B€127€9▼
Recurring financial income75€127€9▼
Financial charges65/66B€22,203€17,444▼
Recurring financial charges65€22,203€17,444▼
Profit (loss) for the period before taxes9903€58,031€36,106▼
Income taxes67/77€14,459€7,465▼
Profit (loss) for the period9904€43,571€28,641▼
Profit (loss) for the period to be appropriated9905€43,571€28,641▼
Appropriation of the result
Profit (loss) to be appropriated9906€427,525€456,166▲
Profit (loss) brought forward from the previous period14P€383,954€427,525▲

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62--€9,899€17,970-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,379€26,290€18,674€17,446€14,001€13,354€16,544€15,553▼ 6.0%
Other operating charges640/8--€2,513€1,490€2,123€2,833€8,401€2,140▼ 74.5%
Non-recurring operating charges66A--€3,180€35,348--€28,260--
Gross operating margin9900€135,599€157,069€135,678€139,791€56,521€120,163€133,312€71,234▼ 46.6%
Operating profit (loss)9901€104,466€110,153€101,411€67,537€40,398€103,976€80,107€53,540▼ 33.2%
Financial income75/76B--€51€2€8€676€127€9▼ 92.5%
Recurring financial income75€306€228€51€2€8€676€127€9▼ 92.5%
Financial charges65/66B--€16,888€20,560€20,382€20,767€22,203€17,444▼ 21.4%
Recurring financial charges65€13,658€30,694€16,888€20,560€20,382€20,767€22,203€17,444▼ 21.4%
Profit (loss) for the period before taxes9903€91,114€79,687€84,574€46,979€20,024€83,886€58,031€36,106▼ 37.8%
Income taxes67/77€20,883€18,252€15,873€10,538€4,650€18,219€14,459€7,465▼ 48.4%
Profit (loss) for the period9904€70,230€61,435€68,701€36,441€15,374€65,666€43,571€28,641▼ 34.3%
Profit (loss) for the period to be appropriated9905€70,230€61,435€68,701€36,441€15,374€65,666€43,571€28,641▼ 34.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€556,346€588,071€694,731€697,490€651,446€776,097€696,418€833,881▲ 19.7%
Formation expenses20------€0€0-
Fixed assets21/28€237,185€200,558€208,816€194,034€180,694€169,570€165,806€153,356▼ 7.5%
Intangible fixed assets21€4,000€4,667€3,826€2,642€2,042€1,500€1,000€500▼ 50.0%
Tangible fixed assets22/27€230,435€193,141€202,241€188,642€175,901€165,320€162,056€150,106▼ 7.4%
Land and buildings22--€167,453€162,410€157,367€152,324€147,281€142,238▼ 3.4%
Plant, machinery and equipment23--€716€233€52-€0€1,443-
Furniture and vehicles24--€29,109€24,763€18,263€12,996€14,776€6,425▼ 56.5%
Leasing and similar rights25--€4,084€796--€0€0-
Other tangible fixed assets26--€880€440€220-€0€0-
Financial fixed assets28€2,750€2,750€2,750€2,750€2,750€2,750€2,750€2,750=
Current assets29/58€319,162€387,513€485,915€503,456€470,753€606,528€530,611€680,525▲ 28.3%
Stocks and contracts in progress3€247,021€361,150€448,500€439,688€437,797€485,426€415,436€434,485▲ 4.6%
Stocks30/36--€448,500€439,688€437,797€485,426€415,436€434,485▲ 4.6%
Amounts receivable within one year40/41€12,052€2,178€22,914€943€20€918€1,805€16,961▲ 840%
Trade receivables40-------€15,692-
Other amounts receivable41--€22,914€943€20€918€1,805€1,268▼ 29.7%
Cash at bank and in hand54/58€55,357€20,374€11,507€62,140€31,605€118,685€110,904€227,192▲ 105%
Deferred charges and accrued income490/1--€2,993€685€1,331€1,498€2,466€1,887▼ 23.5%
Equity and liabilities
Total equity and liabilities10/49€556,346€588,071€694,731€697,490€651,446€776,097€696,418€833,881▲ 19.7%
Equity10/15€156,797€218,232€286,934€323,374€338,748€404,414€447,985€476,626▲ 6.4%
Contributions10/11€18,600€18,600€18,600€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€136,337€197,772€266,474€302,914€318,288€383,954€427,525€456,166▲ 6.7%
Amounts payable17/49€399,549€369,839€407,797€374,116€312,699€371,684€248,432€357,255▲ 43.8%
Amounts payable after more than one year17€130,026€118,167€127,818€114,265€103,282€92,089€82,263€122,015▲ 48.3%
Financial debts170/4--€127,818€114,265€103,282€92,089€82,263€77,015▼ 6.4%
Other amounts payable178/9-------€45,000-
Amounts payable within one year42/48€268,960€251,672€279,979€259,331€209,417€279,595€166,169€235,240▲ 41.6%
Current portion of amounts payable after more than one year42--€17,250€13,653€10,983€11,193€9,826€5,248▼ 46.6%
Trade debts44€164,577€112,284€136,309€148,269€152,381€186,628€61,656€152,902▲ 148%
Suppliers440/4--€136,309€148,269€152,381€186,628€61,656€152,902▲ 148%
Taxes, remuneration and social security45--€45,448€42,147€23,053€53,428€63,275€44,254▼ 30.1%
Taxes450/3--€33,789€29,387€10,233€40,576€49,648€31,616▼ 36.3%
Remuneration and social security454/9--€11,659€12,760€12,820€12,853€13,627€12,638▼ 7.3%
Other amounts payable47/48--€80,972€55,262€23,000€28,345€31,413€32,837▲ 4.5%
Accrued charges and deferred income492/3---€519-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€70,230€61,435€68,701€36,441€15,374€65,666€43,571€28,641▼ 34.3%
+ Depreciation and write-downs630€20,379€26,290€18,674€17,446€14,001€13,354€16,544€15,553▼ 6.0%
Operating cash flow (approximation)€90,609€87,725€87,376€53,887€29,374€79,020€60,115€44,194▼ 26.5%
Investment in fixed assets (approximation)-€10,337-€26,933-€2,664-€660-€2,230-€12,781-€3,103▲ 75.7%
Change in cash--€34,983-€8,867€50,633-€30,535€87,080-€7,781€116,287-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-07-2026 2026-00374053 NBB
31-12-2024 micro format 26-08-2025 2025-00459479 PDF
31-12-2023 abbreviated format 11-07-2024 2024-00233561 PDF
31-12-2022 abbreviated format 30-08-2023 2023-00379020 PDF
31-12-2021 abbreviated format 14-04-2023 2023-00059043 PDF
31-12-2020 abbreviated format 23-09-2022 2022-20434127 PDF
31-12-2019 micro format 28-12-2020 2020-77100117 PDF
31-12-2018 micro format 11-10-2019 2019-69500116 PDF
31-12-2017 micro format 31-07-2018 2018-40200163 PDF
31-12-2016 micro format 03-07-2017 2017-24700212 PDF

Show all 11 filings

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