DISTRIVAL
ActiveThe file of DISTRIVAL contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.7% (low). The 2025 annual accounts show negative equity (-€283,045) and a net result of -€20,465. Equity is shrinking by about 7.5% per year across the filed financial years. Its solvency ranks better than 5% of 6,142 sector peers (NACE 46, financial year 2025).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€20,465▼ 158%
2024 · -€7,927
Working capital
€115,619
2024 · -€142,015
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €20,389 in 2025 against €7,895 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€20,389
2025
Net result-€20,465
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€303,725
2025
Equity-€283,045
2025
Debt€586,770
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€115,619
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-6.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-93.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio8.43
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€59,058-€53,871-€218,093-€17,124▲ 92.1%-€11,399▲ 33.4%-€9,843▲ 13.7%-€7,895▲ 19.8%-€20,389▼ 158%
Net result-€60,796-€52,441-€221,348below the sector's middle half-€20,208below the sector's middle half▲ 90.9%-€11,462below the sector's middle half▲ 43.3%-€9,843below the sector's middle half▲ 14.1%-€7,927below the sector's middle half▲ 19.5%-€20,465below the sector's middle half▼ 158%
Equity-€135,731-€8,210-€213,139below the sector's middle half-€233,347below the sector's middle half▼ 9.5%-€244,810below the sector's middle half▼ 4.9%-€254,653below the sector's middle half▼ 4.0%-€262,580below the sector's middle half▼ 3.1%-€283,045below the sector's middle half▼ 7.8%
Total assets€322,876-€428,280▲ 32.6%€335,925below the sector's middle half▼ 21.6%€328,730below the sector's middle half▼ 2.1%€318,611below the sector's middle half▼ 3.1%€310,283below the sector's middle half▼ 2.6%€304,523below the sector's middle half▼ 1.9%€303,725below the sector's middle half▼ 0.3%
Debt€458,607-€420,070▼ 8.4%€549,064▲ 30.7%€562,077▲ 2.4%€563,421▲ 0.2%€564,936▲ 0.3%€567,102▲ 0.4%€586,770▲ 3.5%
Working capital-€392,439--€225,727▲ 42.5%-€425,261below the sector's middle half▼ 88.4%-€434,503below the sector's middle half▼ 2.2%-€437,618below the sector's middle half▼ 0.7%-€439,132below the sector's middle half▼ 0.3%-€142,015below the sector's middle half▲ 67.7%€115,619below the sector's middle half
Solvency-42.0%-1.9%▲ 44.0pp-63.4%below the sector's middle half▼ 65.4pp-71.0%below the sector's middle half▼ 7.5pp-76.8%below the sector's middle half▼ 5.9pp-82.1%below the sector's middle half▼ 5.2pp-86.2%below the sector's middle half▼ 4.2pp-93.2%below the sector's middle half▼ 7.0pp
Current ratio0.13-0.46▲ 0.330.23below the sector's middle half▼ 0.240.23below the sector's middle half=0.22below the sector's middle half=0.22below the sector's middle half=0.47below the sector's middle half▲ 0.258.43above the sector's middle half▲ 7.96
Return on assets (ROA)-18.8%-12.2%▲ 31.1pp-65.9%below the sector's middle half▼ 78.1pp-6.1%below the sector's middle half▲ 59.7pp-3.6%below the sector's middle half▲ 2.5pp-3.2%below the sector's middle half▲ 0.4pp-2.6%below the sector's middle half▲ 0.6pp-6.7%below the sector's middle half▼ 4.1pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303,725
Fixed assets
€172,545 ▼ 3.7%
Current assets
€131,180 ▲ 4.7%
Equity and liabilities
Equity-€283,045
Debt€586,770
Equity is negative: debt (€586,770) exceeds the balance-sheet total (€303,725).
Key figures and ratios
EBITDA
-€13,738▼
2024 · -€2,611
Cash flow
-€13,814▼
2024 · -€2,643
Quick ratio
8.21▲
2024 · 0.46
Interest coverage
-174.92▼
2024 · -80.35
Debt ≤ 1 year
€15,561▼
2024 · €267,342
Debt > 1 year
€571,209▲
2024 · €299,760
Staff costs
€6,667
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €336 | - | - | €8,644 | - |
| Remuneration, social security and pensions62 | €81,402 | €37,509 | €194,529 | - | €1,384 | - | - | €6,667 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,307 | €28,116 | €22,364 | €10,967 | €8,349 | €8,328 | €5,283 | €6,651 | ▲ 25.9% |
| Other operating charges640/8 | - | - | - | €896 | €1,330 | €85 | - | €579 | - |
| Non-recurring operating charges66A | €3,192 | €5,170 | - | - | - | - | - | - | - |
| Gross operating margin9900 | €58,843 | €124,666 | -€1,200 | -€5,261 | -€336 | -€1,430 | -€2,611 | -€6,492 | ▼ 149% |
| Operating profit (loss)9901 | -€59,058 | €53,871 | -€218,093 | -€17,124 | -€11,399 | -€9,843 | -€7,895 | -€20,389 | ▼ 158% |
| Financial income75/76B | €1 | €16 | - | - | - | - | €0 | €2 | ▲ 448% |
| Recurring financial income75 | €1 | €16 | - | - | - | - | €0 | €2 | ▲ 448% |
| Non-recurring financial income76B | €1 | €16 | - | - | - | - | - | €2 | - |
| Financial charges65/66B | €1,739 | €1,446 | €3,255 | €3,084 | €63 | - | €33 | €79 | ▲ 142% |
| Recurring financial charges65 | €1,729 | €1,365 | €3,255 | €3,084 | €63 | - | €33 | €79 | ▲ 142% |
| Non-recurring financial charges66B | €10 | €81 | - | - | - | - | €33 | €79 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | -€60,796 | €52,441 | -€221,348 | -€20,208 | -€11,462 | -€9,843 | -€7,927 | -€20,465 | ▼ 158% |
| Profit (loss) for the period9904 | -€60,796 | €52,441 | -€221,348 | -€20,208 | -€11,462 | -€9,843 | -€7,927 | -€20,465 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | -€60,796 | €52,441 | -€221,348 | -€20,208 | -€11,462 | -€9,843 | -€7,927 | -€20,465 | ▼ 158% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.3% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.7% |
| Intangible fixed assets21 | €0.005m | €0.003m | €0.002m | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.09m | €0.07m | €0.05m | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 39.5% |
| Plant, machinery and equipment23 | €0.07m | €0.05m | €0.03m | €0.03m | €0.02m | €0.02m | €0.01m | €0.008m | ▼ 35.8% |
| Furniture and vehicles24 | €0.03m | €0.02m | €0.02m | €0.01m | €0.009m | €0.005m | €0.004m | €0.002m | ▼ 50.0% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €0.06m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.7% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0.003m | €0.003m | ▲ 18.8% |
| Stocks30/36 | - | - | - | - | - | - | €0.003m | €0.003m | ▲ 18.8% |
| Amounts receivable within one year40/41 | €0.05m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.2% |
| Trade receivables40 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.004m | ▲ 139% |
| Other amounts receivable41 | €0.05m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.3% |
| Cash at bank and in hand54/58 | €0.008m | €0.008m | - | €0.002m | - | - | €0.001m | €0.002m | ▲ 18.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.3% |
| Equity10/15 | -€0.1m | €0.008m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | ▼ 7.8% |
| Contributions10/11 | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | - | €1.5m | - |
| Issued capital100 | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | - | €1.5m | - |
| Profit (loss) carried forward14 | -€1.5m | -€1.5m | -€1.7m | -€1.7m | -€1.7m | -€1.8m | -€1.8m | -€1.8m | ▼ 1.2% |
| Amounts payable17/49 | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 3.5% |
| Amounts payable after more than one year17 | €0.006m | €0.001m | - | - | - | - | €0.3m | €0.6m | ▲ 90.6% |
| Financial debts170/4 | €0.006m | €0.001m | - | - | - | - | €0.3m | €0.6m | ▲ 90.6% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.3m | €0.02m | ▼ 94.2% |
| Current portion of amounts payable after more than one year42 | €0.005m | €0.005m | €0.004m | - | - | - | - | - | - |
| Financial debts43 | - | - | €14 | - | - | - | - | - | - |
| Credit institutions430/8 | - | - | €14 | - | - | - | - | - | - |
| Trade debts44 | - | - | - | €0.001m | - | €0.002m | €0.003m | €0.01m | ▲ 461% |
| Suppliers440/4 | - | - | - | €0.001m | - | €0.002m | €0.003m | €0.01m | ▲ 461% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | €0.007m | €0.1m | €0.1m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 58.4% |
| Taxes450/3 | - | - | - | €0.007m | - | - | - | - | - |
| Remuneration and social security454/9 | - | €0.007m | €0.1m | €0.1m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 58.4% |
| Other amounts payable47/48 | - | €0.4m | €0.4m | €0.4m | €0.6m | €0.6m | €0.3m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,796 | €52,441 | -€221,348 | -€20,208 | -€11,462 | -€9,843 | -€7,927 | -€20,465 | ▼ 158% |
| + Depreciation and write-downs630 | €33,307 | €28,116 | €22,364 | €10,967 | €8,349 | €8,328 | €5,283 | €6,651 | ▲ 25.9% |
| Operating cash flow (approximation) | -€27,489 | €80,557 | -€198,984 | -€9,241 | -€3,113 | -€1,515 | -€2,643 | -€13,814 | ▼ 423% |
| Investment in fixed assets (approximation) | - | €0 | €1 | -€1 | -€1 | €0 | €0 | €0 | - |
| Change in cash | - | -€181 | - | - | - | - | - | €276 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00265614 |
| 31-12-2024 | full format | 18-06-2025 | 2025-00154489 |
| 31-12-2023 | full format | 03-07-2024 | 2024-00214777 |
| 31-12-2022 | full format | 22-06-2023 | 2023-00159542 |
| 31-12-2021 | full format | 18-08-2022 | 2022-20296773 |
| 31-12-2020 | full format | 12-08-2022 | 2022-20291608 |
| 31-12-2019 | full format | 22-06-2022 | 2022-20085270 |
| 31-12-2018 | full format | 22-06-2022 | 2022-20085271 |
| 31-12-2017 | full format | 11-02-2022 | 2022-05500142 |
| 31-12-2014 | full format | 31-08-2015 | 2015-52800150 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,539 active companies whose main activity is wholesale of beverages, general range (NACE 46349), figures are known for 990. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.