DIVACT
ActiveSummary
DIVACT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383k and a net result of €28k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 15.25 against 7.35 in 2024; short-term debt: 4.5% and cash: 33.2% of total assets), and 4.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.5%
Return on assets
6.9%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
31 d early
2023
57 d early
2022
34 d early
2021
26 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€383k▲ 7.8%
2024 · €355k
2018: €194k
2019: €182k▼ -6.0% vs 2018lowest in 8 years
2020: €187k▲ +2.5% vs 2019
2021: €224k▲ +20.0% vs 2020
2022: €248k▲ +10.7% vs 2021
2023: €317k▲ +27.7% vs 2022
2024: €355k▲ +12.3% vs 2023
2025: €383k▲ +7.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€401k▲ 2.8%
2024 · €390k
2018: €240k
2019: €229k▼ -4.7% vs 2018lowest in 8 years
2020: €235k▲ +2.7% vs 2019
2021: €285k▲ +21.2% vs 2020
2022: €340k▲ +19.4% vs 2021
2023: €380k▲ +12.0% vs 2022
2024: €390k▲ +2.6% vs 2023
2025: €401k▲ +2.8% vs 2024highest in 8 years
2018 → 2025
Net result
€28k▼ 28.4%
2024 · €39k
2018: €-7k
2019: €-12k▼ -76.4% vs 2018lowest in 8 years
2020: €5k▲ +140% vs 2019
2021: €37k▲ +703% vs 2020
2022: €24k▼ -35.6% vs 2021
2023: €94k▲ +291% vs 2022highest in 8 years
2024: €39k▼ -58.6% vs 2023
2025: €28k▼ -28.4% vs 2024
2018 → 2025
Working capital
€255k▲ 14.9%
2024 · €222k
2018: €103k
2019: €96k▼ -6.9% vs 2018lowest in 8 years
2020: €112k▲ +17.1% vs 2019
2021: €122k▲ +9.1% vs 2020
2022: €118k▼ -2.9% vs 2021
2023: €169k▲ +43.1% vs 2022
2024: €222k▲ +31.0% vs 2023
2025: €255k▲ +14.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€248k▲ 10.7%€317k▲ 27.7%€355k▲ 12.3%€383k▲ 7.8%
2021: €224klowest in 5 years
2022: €248k▲ +10.7% vs 2021
2023: €317k▲ +27.7% vs 2022
2024: €355k▲ +12.3% vs 2023
2025: €383k▲ +7.8% vs 2024highest in 5 years
Operating result€47k-€27k▼ 43.6%€110k▲ 315%€57k▼ 48.6%€40k▼ 29.5%
2021: €47k
2022: €27k▼ -43.6% vs 2021lowest in 5 years
2023: €110k▲ +315% vs 2022highest in 5 years
2024: €57k▼ -48.6% vs 2023
2025: €40k▼ -29.5% vs 2024
Net result€37k-€24k▼ 35.6%€94k▲ 291%€39k▼ 58.6%€28k▼ 28.4%
2021: €37k
2022: €24k▼ -35.6% vs 2021lowest in 5 years
2023: €94k▲ +291% vs 2022highest in 5 years
2024: €39k▼ -58.6% vs 2023
2025: €28k▼ -28.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets
€128k ▼ 4.0%
Current assets
€273k ▲ 6.3%
Equity and liabilities €401k
Equity
€383k ▲ 7.8%
Debt
€18k ▼ 48.7%
Debt's share of the balance-sheet total falls from 8.9% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €81k
Cash flow
€61k▼
2024 · €64k
Current ratio
15.25▲
2024 · 7.35
Quick ratio
15.09▲
2024 · 7.30
Debt to equity
0.05▼
2024 · 0.10
ROE
7.2%▼
2024 · 10.9%
ROA
6.9%▼
2024 · 9.9%
Interest coverage
999.72▼
2024 · 1392.32
Debt ≤ 1 year
€18k▼
2024 · €35k
Income taxes
€13k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€390k€401k▲
Fixed assets21/28€134k€128k▼
Tangible fixed assets22/27€134k€128k▼
Land and buildings22€77k€83k▲
Plant, machinery and equipment23€42k€44k▲
Furniture and vehicles24€15k€854▼
Current assets29/58€257k€273k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€4k€16k▲
Trade receivables40€4k€15k▲
Other amounts receivable41€0€2k▲
Current investments50/53€120k€120k=
Cash at bank and in hand54/58€130k€133k▲
Deferred charges and accrued income490/1€648€810▲
Equity and liabilities
Total equity and liabilities10/49€390k€401k▲
Equity10/15€355k€383k▲
Contributions10/11€6k€6k=
Reserves13€349k€377k▲
Tax-exempt reserves132€39k€39k=
Distributable reserves133€311k€339k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€35k€18k▼
Amounts payable within one year42/48€35k€18k▼
Trade debts44€23k€11k▼
Suppliers440/4€23k€11k▼
Taxes, remuneration and social security45€4k€697▼
Taxes450/3€4k€697▼
Other amounts payable47/48€8k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€33k▲
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€86k€78k▼
Operating profit (loss)9901€57k€40k▼
Financial income75/76B€82€739▲
Recurring financial income75€82€739▲
Financial charges65/66B€59€73▲
Recurring financial charges65€59€73▲
Profit (loss) for the period before taxes9903€57k€41k▼
Income taxes67/77€18k€13k▼
Profit (loss) for the period9904€39k€28k▼
Profit (loss) for the period to be appropriated9905€39k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€28k▼
Transfer to equity691/2€39k€28k▼
To other reserves6921€39k€28k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €32k | €27k | €25k | €33k | ▲ 34.0% |
| Other operating charges640/8 | €4k | €4k | €4k | €5k | €5k | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | €1 | €0 | - | - |
| Gross operating margin9900 | €71k | €62k | €141k | €86k | €78k | ▼ 9.5% |
| Operating profit (loss)9901 | €47k | €27k | €110k | €57k | €40k | ▼ 29.5% |
| Financial income75/76B | €4k | €0 | €258 | €82 | €739 | ▲ 797% |
| Recurring financial income75 | €9 | €0 | €258 | €82 | €739 | ▲ 797% |
| Non-recurring financial income76B | €4k | €0 | - | - | - | - |
| Financial charges65/66B | €160 | €204 | €834 | €59 | €73 | ▲ 25.1% |
| Recurring financial charges65 | €160 | €204 | €834 | €59 | €73 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €51k | €26k | €110k | €57k | €41k | ▼ 28.3% |
| Income taxes67/77 | €14k | €2k | €16k | €18k | €13k | ▼ 28.2% |
| Profit (loss) for the period9904 | €37k | €24k | €94k | €39k | €28k | ▼ 28.4% |
| Transfer from tax-exempt reserves789 | €48k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €85k | €24k | €94k | €39k | €28k | ▼ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285k | €340k | €380k | €390k | €401k | ▲ 2.8% |
| Fixed assets21/28 | €140k | €167k | €147k | €134k | €128k | ▼ 4.0% |
| Tangible fixed assets22/27 | €140k | €167k | €147k | €134k | €128k | ▼ 4.0% |
| Land and buildings22 | €88k | €75k | €71k | €77k | €83k | ▲ 8.1% |
| Plant, machinery and equipment23 | €9k | €59k | €52k | €42k | €44k | ▲ 6.0% |
| Furniture and vehicles24 | €43k | €33k | €25k | €15k | €854 | ▼ 94.3% |
| Current assets29/58 | €145k | €173k | €233k | €257k | €273k | ▲ 6.3% |
| Stocks and contracts in progress3 | €1k | €2k | €2k | €2k | €3k | ▲ 58.6% |
| Stocks30/36 | €1k | €2k | €2k | €2k | €3k | ▲ 58.6% |
| Amounts receivable within one year40/41 | €7k | €15k | €22k | €4k | €16k | ▲ 278% |
| Trade receivables40 | €7k | €11k | €19k | €4k | €15k | ▲ 239% |
| Other amounts receivable41 | - | €4k | €3k | €0 | €2k | - |
| Current investments50/53 | - | - | €120k | €120k | €120k | = |
| Cash at bank and in hand54/58 | €136k | €155k | €86k | €130k | €133k | ▲ 2.2% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €648 | €810 | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285k | €340k | €380k | €390k | €401k | ▲ 2.8% |
| Equity10/15 | €224k | €248k | €317k | €355k | €383k | ▲ 7.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €218k | €242k | €310k | €349k | €377k | ▲ 8.0% |
| Tax-exempt reserves132 | €39k | €39k | €39k | €39k | €39k | = |
| Distributable reserves133 | €179k | €203k | €272k | €311k | €339k | ▲ 8.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €61k | €92k | €64k | €35k | €18k | ▼ 48.7% |
| Amounts payable after more than one year17 | €37k | €37k | €0 | - | - | - |
| Other amounts payable178/9 | €37k | €37k | €0 | - | - | - |
| Amounts payable within one year42/48 | €23k | €55k | €64k | €35k | €18k | ▼ 48.7% |
| Trade debts44 | €3k | €46k | €13k | €23k | €11k | ▼ 54.6% |
| Suppliers440/4 | €3k | €46k | €13k | €23k | €11k | ▼ 54.6% |
| Taxes, remuneration and social security45 | €14k | €3k | €18k | €4k | €697 | ▼ 83.3% |
| Taxes450/3 | €14k | €3k | €18k | €4k | €697 | ▼ 83.3% |
| Other amounts payable47/48 | €6k | €6k | €33k | €8k | €7k | ▼ 11.5% |
| Accrued charges and deferred income492/3 | €525 | €25 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €24k | €94k | €39k | €28k | ▼ 28.4% |
| + Depreciation and write-downs630 | €21k | €32k | €27k | €25k | €33k | ▲ 34.0% |
| Operating cash flow (approximation) | €58k | €55k | €121k | €64k | €61k | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | €-59k | €-8k | €-11k | €-28k | ▼ 153% |
| Change in cash | - | €18k | €-69k | €44k | €3k | ▼ 93.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 15.25
Current ratio from 7.35 to 15.25; short-term debt falls from €35k to €18k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 7.35
Current ratio from 3.66 to 7.35; short-term debt falls from €64k to €35k.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €94k ▲291%
Operating result €110k, net result €94k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €200kEq €224k ▲20%
2 profitable years in a row build equity to €224k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Staden · 1 establishment unit since 2001
Ground area
1,516 m²
Building footprint
653 m²
Volume, LiDAR
3,621 m³
Parcel 36014C0160/00W000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEKOVERM
since 20012.116.205.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36014C0160/00W000 | Flanders | 1,516 m² | 1 · 653 m² | 6.9 m · 2 fl. |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 10,207 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
25401Forging of metal
42110Construction of roads and motorways
43110Demolition
43240Other construction installation
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.