DIVAD
ActiveDIVAD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €-23k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 7983 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 12.89 against 10.42 in 2024; short-term debt: 7.6% and cash: 26.4% of total assets), and 7.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-23k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-12-2025, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
7 d early
2023
25 d early
2022
31 d early
2021
37 d early
2020
39 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€367k▼ 5.8%
2024 · €390k
2018: €269k
2019: €285k
2020: €307k
2021: €416k
2022: €379k
2023: €407k
2024: €390k
2018 → 2025
Total assets
€397k▼ 10.0%
2024 · €441k
2018: €453k
2019: €444k
2020: €429k
2021: €485k
2022: €388k
2023: €447k
2024: €441k
2018 → 2025
Net result
€-23k▼ 33.9%
2024 · €-17k
2018: €49k
2019: €43k
2020: €42k
2021: €64k
2022: €13k
2023: €27k
2024: €-17k
2018 → 2025
Working capital
€361k▼ 9.0%
2024 · €397k
2018: €311k
2019: €327k
2020: €334k
2021: €416k
2022: €379k
2023: €413k
2024: €397k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€416k-€379k▼ 8.9%€407k▲ 7.1%€390k▼ 4.2%€367k▼ 5.8%
Operating result€17k-€-58k€2k€-71k€-60k▲ 15.6%
Net result€64k-€13k▼ 79.8%€27k▲ 108%€-17k€-23k▼ 33.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60k in 2025 against €71k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€6k▲ 121%
Current assets
€391k▼ 10.8%
Equity and liabilities €397k
Equity
€367k▼ 5.8%
Debt
€30k▼ 41.3%
The debt ratio falls from 11.7% to 7.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-59k▲
2024 · €-70k
Cash flow
€-22k▼
2024 · €-16k
Solvency
92.4%▲
2024 · 88.3%
Current ratio
12.89▲
2024 · 10.42
Quick ratio
3.73▼
2024 · 5.12
Debt / equity
0.08▼
2024 · 0.13
ROE
-6.2%▼
2024 · -4.4%
ROA
-5.7%▼
2024 · -3.9%
Interest coverage
-49.85▼
2024 · -20.31
Debt
€30k▼
2024 · €52k
Debt ≤ 1 year
€30k▼
2024 · €42k
Staff costs
€19k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€441k€397k▼
Fixed assets21/28€3k€6k▲
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23€2k€2k▼
Other tangible fixed assets26-€4k
Financial fixed assets28€125€125=
Current assets29/58€439k€391k▼
Stocks and contracts in progress3€223k€278k▲
Stocks30/36€223k€278k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€509€0▼
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€211k€105k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€441k€397k▼
Equity10/15€390k€367k▼
Contributions10/11€150k€150k=
Reserves13€240k€217k▼
Distributable reserves133€240k€217k▼
Amounts payable17/49€52k€30k▼
Amounts payable within one year42/48€42k€30k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€33k€28k▼
Taxes450/3€29k€23k▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48-€92
Accrued charges and deferred income492/3€10k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€27k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€752€998▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-45k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€600€259▼
Gross operating margin9900€-54k€-85k▼
Operating profit (loss)9901€-71k€-60k▲
Financial income75/76B€58k€38k▼
Recurring financial income75€58k€38k▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€-17k€-23k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-17k€-23k▼
Profit (loss) for the period to be appropriated9905€-17k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-23k▼
Transfer from equity791/2€17k€23k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 7current ratio 46.78
Current ratio from 7.10 to 46.78; short-term debt falls from €68k to €8k.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €64k ▲54.3%
Operating result €17k, net result €64k, both a record.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maria Groeninckx-De Maylaan 261070 AnderlechtGround area
557 m²
Building footprint
264 m²
Volume, LiDAR
2,726 m³
2 parcels, Brussels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SCOTCH & SODA Aalst
since 20102.192.294.624
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A1009/00C000 | Flanders | 331 m² | 1 · 158 m² | 13.6 m · 3 fl. |
| 21302A0132/00Z002 | Brussels | 226 m² | 1 · 105 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Similar companies · same sector, comparable size
RAYURE
BE 0420.070.772
Ukkel · Eq €367k
DOLTCINI
BE 0439.132.361
Herzele · Eq €367k
Circular Textiles
BE 0682.598.502
Houthalen-Helchteren · Eq €368k
XEROS
BE 0894.647.430
Nieuwpoort · Eq €362k
SO-LUTION SPRL
BE 0823.868.015
Liège · Eq €360k
Of 1,311 companies in sector 46423 we hold annual accounts for 812. 556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2010
Fiscal year end30-09
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
14110Manufacture of wearing apparel
14240Manufacture of wearing apparel
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.