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DIPACAVI

Active
Private limited companyfounded 200125 yrs activeRue Jacques Musch 38, 4053 Chaudfontaine, BelgiumKBO/BCE: BE 0473.784.325
Summary

DIPACAVI has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €169,397. Equity is growing by ~5.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability82▲+53
Solvency91▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 5.97 against 4.71 in 2024; short-term debt: 4.4% and cash: 8% of total assets), and 33.9% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
66.1%
Return on assets
10.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
31 d early
2023
24 d early
2022
2 d early
2021
32 d early
2020
20 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 21 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DIPACAVI was incorporated on 11 January 2001.1 Total assets fell from €2.0m in 2018 to €1.6m in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169,397▲ 248%
2024 · €48,613
Working capital
€358,560▲ 43.9%
2024 · €249,204
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€0.03m▼ 95.6%€0.05m▲ 50.2%-€0.05m-€0.01m▲ 79.1%€0.1m
Net result-€0.02m€0.05m-€0.005m€0.05m€0.2m▲ 248%
Equity€0.9m▼ 2.4%€1.0m▲ 5.5%€1.0m▼ 0.5%€1.0m▲ 5.0%€1.1m▲ 7.4%
Total assets€1.7m▼ 2.4%€1.6m▼ 4.0%€1.6m▼ 1.9%€1.6m▼ 0.1%€1.6m▲ 4.0%
Debt€0.8m▼ 2.3%€0.6m▼ 15.4%€0.6m▼ 3.8%€0.6m▼ 8.2%€0.5m▼ 6.8%
Working capital€0.7m▼ 12.7%€0.6m▼ 17.8%€0.5m▼ 17.9%€0.2m▼ 44.9%€0.4m▲ 43.9%
Why a figure moved sharply
  • 2025 Net result +248% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2021: €32,048€32,048Net result 2021: -€22,789-€22,789Operating result 2022: €48,148€48,148Net result 2022: €50,438€50,438Operating result 2023: -€46,868-€46,868Net result 2023: -€5,177-€5,177Operating result 2024: -€9,774-€9,774Net result 2024: €48,613€48,613Operating result 2025: €146,071€146,071Net result 2025: €169,397€169,39720212022202320242025-€100,000€0€100,000€200,000Operating result 2023: -€46,868-€46,900Net result 2023: -€5,177-€5,180Operating result 2024: -€9,774-€9,770Net result 2024: €48,613€48,600Operating result 2025: €146,071€146,000Net result 2025: €169,397€169,000202320242025
The operating result returns to profit in 2025: €146,071 after a loss of €9,774 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.2m ▼ 4.1%
Current assets €430,692 ▲ 36.1%
Equity and liabilities €1.6m
Equity €1.1m ▲ 7.4%
Provisions €26,057
Debt €530,257 ▼ 6.8%
Debt's share of the balance-sheet total falls from 36.0% to 32.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€199,890▲
2024 · €29,569
Cash flow
€223,215▲
2024 · €87,957
Current ratio
5.97▲
2024 · 4.71
Debt to equity
0.49▼
2024 · 0.56
ROE
15.6%▲
2024 · 4.8%
ROA
10.3%▲
2024 · 3.1%
Interest coverage
22.98▲
2024 · 0.82
Debt ≤ 1 year
€72,132▲
2024 · €67,209
Debt > 1 year
€448,160▼
2024 · €491,894
Income taxes
€13,782▲
2024 · €6,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 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 20,134 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.6m€1.6m▲
Fixed assets21/28€1.3m€1.2m▼
Tangible fixed assets22/27€1.0m€0.9m▼
Land and buildings22€0.7m€0.7m▼
Plant, machinery and equipment23€0.3m€0.3m▲
Financial fixed assets28€0.3m€0.3m=
Current assets29/58€0.3m€0.4m▲
Amounts receivable within one year40/41€0.08m€0.1m▲
Trade receivables40€0.003m€0.02m▲
Other amounts receivable41€0.08m€0.1m▲
Current investments50/53€0.2m€0.2m▼
Cash at bank and in hand54/58€0.02m€0.1m▲
Deferred charges and accrued income490/1€77-
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.6m▲
Equity10/15€1.0m€1.1m▲
Contributions10/11€0.8m€0.7m▼
Reserves13€0.5m€0.7m▲
Tax-exempt reserves132-€0.08m
Distributable reserves133€0.5m€0.6m▲
Profit (loss) carried forward14-€0.3m-€0.3m▲
Provisions and deferred taxes16-€0.03m
Deferred taxes168-€0.03m
Amounts payable17/49€0.6m€0.5m▼
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.3m€0.3m▼
Other amounts payable178/9€0.2m€0.2m▲
Amounts payable within one year42/48€0.07m€0.07m▲
Current portion of amounts payable after more than one year42€0.05m€0.05m▲
Trade debts44€0.01m€0.02m▲
Suppliers440/4€0.01m€0.02m▲
Taxes, remuneration and social security45€0.005m€0.008m▲
Taxes450/3€0.005m€0.008m▲
Accrued charges and deferred income492/3€0.01m€0.01m▲
Income statement Code20242025
Non-recurring operating income76A-€0.05m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.05m▲
Other operating charges640/8€0.01m€0.01m▼
Gross operating margin9900€0.04m€0.2m▲
Operating profit (loss)9901-€0.01m€0.1m▲
Financial income75/76B€0.1m€0.07m▼
Recurring financial income75€0.1m€0.07m▼
Financial charges65/66B€0.04m€0.009m▼
Recurring financial charges65€0.04m€0.009m▼
Profit (loss) for the period before taxes9903€0.06m€0.2m▲
Transfer from deferred taxes780-€0.001m
Transfer to deferred taxes680-€0.03m
Income taxes67/77€0.007m€0.01m▲
Profit (loss) for the period9904€0.05m€0.2m▲
Transfer from tax-exempt reserves789-€0.002m
Transfer to tax-exempt reserves689-€0.08m
Profit (loss) for the period to be appropriated9905€0.05m€0.09m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.2m▲
Profit (loss) brought forward from the previous period14P-€0.3m-€0.3m=
Transfer to equity691/2€0.05m€0.09m▲
To other reserves6921€0.05m€0.09m▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€51,012-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,028€29,673€27,389€39,344€53,818▲ 36.8%
Other operating charges640/8€9,019€9,265€10,276€10,506€10,443▼ 0.6%
Gross operating margin9900€77,095€87,087-€9,203€40,075€210,332▲ 425%
Operating profit (loss)9901€32,048€48,148-€46,868-€9,774€146,071▲ 1,594%
Financial income75/76B€25,708€46,962€86,491€101,143€71,862▼ 29.0%
Recurring financial income75€25,708€46,962€86,491€101,143€71,862▼ 29.0%
Financial charges65/66B€80,485€31,694€44,800€36,196€8,697▼ 76.0%
Recurring financial charges65€80,485€31,694€44,800€36,196€8,697▼ 76.0%
Profit (loss) for the period before taxes9903-€22,730€63,416-€5,177€55,173€209,236▲ 279%
Transfer from deferred taxes780----€551-
Transfer to deferred taxes680----€26,608-
Income taxes67/77€59€12,978-€6,559€13,782▲ 110%
Profit (loss) for the period9904-€22,789€50,438-€5,177€48,613€169,397▲ 248%
Transfer from tax-exempt reserves789----€1,653-
Transfer to tax-exempt reserves689----€79,823-
Profit (loss) for the period to be appropriated9905-€22,789€50,438-€5,177€48,613€91,227▲ 87.7%
Line20212022202320242025Change
Assets
Total assets20/58€1.7m€1.6m€1.6m€1.6m€1.6m▲ 4.0%
Fixed assets21/28€0.9m€1.0m€1.1m€1.3m€1.2m▼ 4.1%
Tangible fixed assets22/27€0.8m€0.8m€0.8m€1.0m€0.9m▼ 5.2%
Land and buildings22€0.8m€0.8m€0.8m€0.7m€0.7m▼ 10.8%
Plant, machinery and equipment23€0.003m€0.001m€0.03m€0.3m€0.3m▲ 10.5%
Financial fixed assets28€0.1m€0.2m€0.3m€0.3m€0.3m=
Current assets29/58€0.8m€0.6m€0.5m€0.3m€0.4m▲ 36.1%
Amounts receivable within one year40/41€0.004m€0.006m€0.03m€0.08m€0.1m▲ 82.4%
Trade receivables40€345€459-€0.003m€0.02m▲ 455%
Other amounts receivable41€0.004m€0.006m€0.03m€0.08m€0.1m▲ 67.4%
Current investments50/53€0.6m€0.6m€0.5m€0.2m€0.2m▼ 27.5%
Cash at bank and in hand54/58€0.1m€0.02m€0.04m€0.02m€0.1m▲ 428%
Deferred charges and accrued income490/1€0.001m€356€301€77--
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m€1.6m€1.6m€1.6m▲ 4.0%
Equity10/15€0.9m€1.0m€1.0m€1.0m€1.1m▲ 7.4%
Contributions10/11€0.8m€0.8m€0.8m€0.8m€0.7m▼ 11.6%
Reserves13€0.4m€0.5m€0.5m€0.5m€0.7m▲ 33.7%
Non-distributable reserves130/1€0.002m€0.002m----
Reserves not available under the articles1311€0.002m€0.002m----
Tax-exempt reserves132----€0.08m-
Distributable reserves133€0.4m€0.5m€0.5m€0.5m€0.6m▲ 18.0%
Profit (loss) carried forward14-€0.3m-€0.3m-€0.3m-€0.3m-€0.3m▲ 0.4%
Provisions and deferred taxes16----€0.03m-
Deferred taxes168----€0.03m-
Amounts payable17/49€0.8m€0.6m€0.6m€0.6m€0.5m▼ 6.8%
Amounts payable after more than one year17€0.7m€0.6m€0.5m€0.5m€0.4m▼ 8.9%
Financial debts170/4€0.5m€0.4m€0.4m€0.3m€0.3m▼ 15.7%
Other amounts payable178/9€0.2m€0.2m€0.2m€0.2m€0.2m▲ 2.4%
Amounts payable within one year42/48€0.1m€0.06m€0.07m€0.07m€0.07m▲ 7.3%
Current portion of amounts payable after more than one year42€0.06m€0.05m€0.05m€0.05m€0.05m▲ 1.9%
Trade debts44€0.001m-€0.03m€0.01m€0.02m▲ 5.2%
Suppliers440/4€0.001m-€0.03m€0.01m€0.02m▲ 5.2%
Taxes, remuneration and social security45€0.04m--€0.005m€0.008m▲ 63.4%
Taxes450/3€0.04m--€0.005m€0.008m▲ 63.4%
Other amounts payable47/48€0.002m€0.01m----
Accrued charges and deferred income492/3€0.007m€0.008m€0.009m€0.01m€0.01m▲ 0.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€22,789€50,438-€5,177€48,613€169,397▲ 248%
+ Depreciation and write-downs630€36,028€29,673€27,389€39,344€53,818▲ 36.8%
Operating cash flow (approximation)€13,239€80,112€22,212€87,957€223,215▲ 154%
Investment in fixed assets (approximation)--€120,000-€81,938-€244,845-€2,085▲ 99.1%
Change in cash--€112,283€15,408-€10,433€106,142▲ 1,117%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €48,613
Net result €48,613 after one loss-making year.
31-12
Financial Equity above €1mEq €1.0m ▲5%
Equity rises from €962,899 to €1.0m.
07-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
29-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €50,438
Net result €50,438 after one loss-making year.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
11-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Highest result since 2018net €399,122 ▲1,155%
Operating result €724,086, net result €399,122, both a record.
22-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Back to profitnet €31,809
Net result €31,809 after one loss-making year.
Show earlier events
02-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
138 m²
Building footprint
202 m²
Parcel 62030C0075/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CLUB HOUSE GOLF DE SPA
Rue Jacques Musch 38, 4053 ChaudfontaineNACE 52240
since 2001unit no. 2.094.258.803
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62030C0075/00K000 Wallonia 138 m² 1 · 202 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of DIPACAVI and those 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 directors read yet: 0 of 7 Gazette acts processed.

Recognitions · licences · registrations

Legal Entity Identifier

87550002GGJU5B14TZ65
live in the LEI register

Company details

Identification
Legal formPrivate limited company
Founded11-01-2001
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.