DIPRO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 37 filings
Turnover
€1.2m▼ 66.1%
2019 · €3.6m
EBIT margin
-12.9%▼ 18.8pp
2019 · 5.9%
Net result
€326,168▲ 17.6%
2024 · €277,409
Working capital
€510,044▲ 63.3%
2024 · €312,256
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€477,138
▲ 16.6%
2025
20182025
Net result
€326,168
▲ 17.6%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€525,315
▲ 53.6%
2025
highest quarter of the sector
20182025
Total assets
€1.1m
▲ 17.2%
2025
highest quarter of the sector
20182025
Debt
€551,483
▼ 4.4%
2025
20182025
Working capital
€510,044
▲ 63.3%
2025
highest quarter of the sector
20182025
Solvency
48.8%
▲ 11.6pp
2025
middle half of the sector
20182025
Current ratio
1.92
▲ 0.38
2025
middle half of the sector
20182025
Return on assets (ROA)
30.3%
▲ 0.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
30.1
▲ 4.2%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.9m-€3.6m▼ 6.1%€1.2m▼ 66.1%
Operating result€0.3m-€0.2m▼ 36.0%-€0.2m€0.5m€0.5m▲ 1.2%€0.4m▼ 2.8%€0.4m▼ 8.2%€0.5m▲ 16.6%
Net result€0.2m-€0.1m▼ 43.2%-€0.1mbelow the sector's middle half€0.4mabove the sector's middle half€0.3mabove the sector's middle half▼ 14.9%€0.3mabove the sector's middle half▼ 3.3%€0.3mabove the sector's middle half▼ 9.2%€0.3mabove the sector's middle half▲ 17.6%
EBIT margin8.7%-5.9%▼ 2.8pp-12.9%▼ 18.8pp
Equity€0.2m-€0.3m▲ 79.9%€0.2mwithin the sector's middle half▼ 45.5%€0.4mabove the sector's middle half▲ 158%€0.5mabove the sector's middle half▲ 6.8%€0.5mabove the sector's middle half▲ 4.2%€0.3mwithin the sector's middle half▼ 30.7%€0.5mabove the sector's middle half▲ 53.6%
Total assets€0.8m-€0.7m▼ 12.0%€0.4mwithin the sector's middle half▼ 33.8%€1.0mabove the sector's middle half▲ 131%€0.9mwithin the sector's middle half▼ 11.4%€1.0mwithin the sector's middle half▲ 5.8%€0.9mwithin the sector's middle half▼ 3.3%€1.1mabove the sector's middle half▲ 17.2%
Debt€0.6m-€0.3m▼ 39.9%€0.3m▼ 23.1%€0.6m▲ 114%€0.4m▼ 25.5%€0.5m▲ 7.6%€0.6m▲ 26.1%€0.6m▼ 4.4%
Working capital€0.1m-€0.2m▲ 30.5%€0.02mwithin the sector's middle half▼ 87.3%€0.4mabove the sector's middle half▲ 17×€0.4mabove the sector's middle half▼ 3.3%€0.4mabove the sector's middle half▲ 12.9%€0.3mabove the sector's middle half▼ 27.4%€0.5mabove the sector's middle half▲ 63.3%
Solvency23.3%-47.5%▲ 24.3pp39.1%within the sector's middle half▼ 8.4pp43.7%within the sector's middle half▲ 4.5pp52.7%within the sector's middle half▲ 9.0pp51.9%within the sector's middle half▼ 0.8pp37.2%within the sector's middle half▼ 14.7pp48.8%within the sector's middle half▲ 11.6pp
Current ratio1.26-1.54▲ 0.281.09within the sector's middle half▼ 0.451.75within the sector's middle half▲ 0.661.92within the sector's middle half▲ 0.171.94above the sector's middle half▲ 0.021.54within the sector's middle half▼ 0.401.92within the sector's middle half▲ 0.38
Return on assets (ROA)32.7%-21.1%▼ 11.6pp-32.6%below the sector's middle half▼ 53.7pp36.6%above the sector's middle half▲ 69.2pp35.2%above the sector's middle half▼ 1.4pp32.1%above the sector's middle half▼ 3.0pp30.2%above the sector's middle half▼ 2.0pp30.3%above the sector's middle half▲ 0.1pp
Staff (FTE)36.2-32.3▼ 10.8%28.8above the sector's middle half▼ 10.8%6within the sector's middle half▼ 79.2%28.3above the sector's middle half▲ 372%28.9above the sector's middle half▲ 2.1%28.9above the sector's middle half=30.1above the sector's middle half▲ 4.2%
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 17% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€15,271 ▼ 48.7%
Current assets
€1.1m ▲ 19.4%
Equity and liabilities €1.1m
Equity
€525,315 ▲ 53.6%
Debt
€551,483 ▼ 4.4%
Debt's share of the balance-sheet total falls from 62.8% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€491,615▲
2024 · €445,938
Cash flow
€340,645▲
2024 · €314,232
Quick ratio
1.87▲
2024 · 1.50
Debt to equity
1.05▼
2024 · 1.69
ROE
62.1%▼
2024 · 81.1%
Interest coverage
21.98▼
2024 · 22.87
Debt ≤ 1 year
€551,483▼
2024 · €577,103
Income taxes
€132,837▲
2024 · €113,593
Staff costs
€2.0m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 33 | 32 | 31 | 32 | 36 |
| full-time | 26 | 24 | 24 | 27 | 26 |
| part-time | 7 | 8 | 7 | 5 | 10 |
| in full-time equivalents | 30.7 | 30.5 | 29.7 | 31.5 | 34.9 |
| Average over the year, in full-time equivalents | 6 | 28.3 | 28.9 | 28.9 | 30.1 |
| On a permanent contract | 33 | 31 | 30 | 32 | 35 |
| Joined | 284 | 666 | 615 | 742 | 880 |
| Left | 280 | 669 | 617 | 741 | 878 |
| Training hours | - | 70 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue social security (RSZ) debts | €27,236 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | €330,000 | €330,000 | €330,000 | €0 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,272 | €50,358 | - | €3,711 | - |
| Depreciation and write-downs of the year | €36,843 | €40,817 | €40,782 | €36,823 | €14,477 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €3.9m | €3.6m | €1.2m | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.02m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €1.5m | €1.9m | €1.9m | €2.0m | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.01m | ▼ 60.7% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 0.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.002m | - |
| Gross operating margin9900 | €2.0m | €1.9m | €0.4m | €1.3m | €2.1m | €2.4m | €2.4m | €2.5m | ▲ 7.0% |
| Operating profit (loss)9901 | €0.3m | €0.2m | -€0.2m | €0.5m | €0.5m | €0.4m | €0.4m | €0.5m | ▲ 16.6% |
| Financial income75/76B | - | - | - | €37 | €37 | €0.001m | €0.001m | €0.004m | ▲ 205% |
| Recurring financial income75 | €55 | €0 | €164 | €37 | €37 | €0.001m | €0.001m | €0.004m | ▲ 205% |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 14.7% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.007m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.2m | -€0.2m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 17.4% |
| Income taxes67/77 | €0.07m | €0.07m | -€0.02m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 16.9% |
| Profit (loss) for the period9904 | €0.2m | €0.1m | -€0.1m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | -€0.1m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 17.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.7m | €0.4m | €1.0m | €0.9m | €1.0m | €0.9m | €1.1m | ▲ 17.2% |
| Fixed assets21/28 | €0.05m | €0.1m | €0.1m | €0.09m | €0.1m | €0.06m | €0.03m | €0.02m | ▼ 48.7% |
| Intangible fixed assets21 | €0.002m | €0.001m | €0.001m | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.1m | €0.1m | €0.09m | €0.1m | €0.06m | €0.03m | €0.02m | ▼ 48.7% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.08m | €0.05m | €0.02m | €0.01m | ▼ 50.1% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.01m | €0.004m | €0.003m | ▼ 29.4% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.009m | €0.005m | €0.002m | €0.001m | ▼ 70.4% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0 | - | - | - | - | - |
| Current assets29/58 | €0.7m | €0.5m | €0.3m | €0.9m | €0.8m | €0.9m | €0.9m | €1.1m | ▲ 19.4% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - | - |
| Trade receivables290 | - | - | - | €0 | - | - | - | - | - |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.03m | €0.03m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 8.2% |
| Stocks30/36 | - | - | - | €0.03m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 8.2% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.1m | €0.04m | €0.03m | €0.04m | €0.09m | €0.08m | ▼ 2.6% |
| Trade receivables40 | - | - | - | €0.005m | €0.008m | €0.02m | €0.01m | €0.01m | ▼ 22.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.02m | €0.02m | €0.07m | €0.07m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €0.6m | €0.5m | €0.1m | €0.8m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 23.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 6.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €0.4m | €1.0m | €0.9m | €1.0m | €0.9m | €1.1m | ▲ 17.2% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | €0.4m | €0.5m | €0.5m | €0.3m | €0.5m | ▲ 53.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.3m | €0.2m | €0.4m | €0.5m | €0.5m | €0.3m | €0.5m | ▲ 56.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.5m | €0.3m | €0.5m | ▲ 57.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.6m | €0.3m | €0.3m | €0.6m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 4.4% |
| Amounts payable after more than one year17 | €0.02m | - | - | €0.05m | €0.01m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0.05m | €0.01m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.3m | €0.3m | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.03m | €0.01m | €0 | €0.008m | - |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.2m | €0.1m | €0.04m | €0.1m | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 24.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 24.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €110 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 25.3% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.06m | €0.07m | €0.1m | ▲ 54.7% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 14.5% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0 | - | €0.1m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €246,273 | €139,767 | -€143,099 | €371,203 | €316,048 | €305,646 | €277,409 | €326,168 | ▲ 17.6% |
| + Depreciation and write-downs630 | €32,725 | €16,164 | €36,177 | €36,843 | €40,817 | €40,782 | €36,823 | €14,477 | ▼ 60.7% |
| Operating cash flow (approximation) | €278,998 | €155,931 | -€106,922 | €408,047 | €356,865 | €346,428 | €314,232 | €340,645 | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | -€96,296 | -€56,873 | €16,918 | -€50,358 | €0 | -€3,711 | €0 | - |
| Change in cash | - | -€185,824 | -€343,811 | €731,312 | -€127,157 | €76,374 | -€45,748 | €174,000 | - |
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, 20,136 companies had the same profile as DIPRO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of DIPRO 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 20,136 companies, not a prediction for DIPRO. 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 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00329271 | |
| 31-12-2024 | abbreviated format | 05-06-2025 | 2025-00124376 | |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00202670 | |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00252246 | |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20197284 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37400334 | |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-46100050 | |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-26900279 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-26400166 | |
| 31-12-2016 | abbreviated format | 21-06-2017 | 2017-19300308 |