DIVIN (0478.946.606): financials and annual accounts

DIVIN

Liège ·KBO/BCE: BE 0478.946.606

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	60,521	91,218	94,848	3,346	4,429	5,410	6,308	105,810	32,820	40,261	52,508	54,809	37,672	33,813	108,608	102,554	54,095	26,113	29,774	23,664
Fixed assets`21/28`	57,441	74,695	91,949	127	127	127	127	57,346	8,249	12,924	19,748	16,607	17,383	19,751	25,094	39,296	31,000	13,275	11,041	12,735
Intangible fixed assets`21`	45,226	61,901	78,575	-	-	-	0	52,000	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	1,588	2,168	2,747	-	-	-	0	5,219	8,122	12,797	19,621	16,480	17,256	19,624	24,967	39,169	30,798	13,073	10,914	12,608
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Plant, machinery and equipment`23`	-	-	-	-	-	-	0	1,784	3,624	5,548	6,313	1,945	1,502	2,354	4,832	8,051	7,095	8,653	7,605	780
Furniture and vehicles`24`	1,588	2,168	2,747	-	-	-	0	0	256	849	1,442	2,035	1,350	0	0	613	2,203	2,989	1,699	11,828
Other tangible fixed assets`26`	-	-	-	-	-	-	0	3,435	4,242	6,400	11,867	12,499	14,405	17,270	20,135	30,505	21,500	1,431	1,610	-
Financial fixed assets`28`	10,627	10,627	10,627	127	127	127	127	127	127	127	127	127	127	127	127	127	202	202	127	127
Current assets`29/58`	3,080	16,522	2,899	3,219	4,302	5,283	6,181	48,465	24,572	27,338	32,760	38,203	20,289	14,061	83,513	63,258	23,095	12,838	18,734	10,929
Stocks and contracts in progress`3`	-	-	-	-	-	0	2,000	-	0	588	1,314	1,314	-	-	-	-	-	0	2,140	-
Stocks`30/36`	-	-	-	-	-	0	2,000	-	0	588	1,314	1,314	-	-	-	-	-	0	2,140	-
Amounts receivable within one year`40/41`	2,420	10,815	775	216	1,949	3,094	2,109	45,772	21,590	22,356	24,860	26,786	17,252	9,212	81,158	53,003	19,777	9,755	12,770	7,635
Trade receivables`40`	2,420	9,050	-	-	0	1,304	1,304	42,072	16,863	17,311	19,761	22,008	13,537	5,497	59,943	31,200	14,577	9,703	12,646	6,235
Other amounts receivable`41`	-	1,765	775	216	1,949	1,790	805	3,700	4,727	5,045	5,100	4,778	3,716	3,715	21,215	21,803	5,201	53	124	1,400
Cash at bank and in hand`54/58`	660	1,568	2,124	3,003	2,353	2,190	2,072	2,692	2,534	3,303	5,508	9,285	3,037	4,850	2,356	10,060	2,497	3,082	3,324	3,192
Deferred charges and accrued income`490/1`	-	4,140	-	-	-	-	-	0	448	1,091	1,078	817	-	-	0	195	820	0	500	102
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	60,521	91,218	94,848	3,346	4,429	5,410	6,308	105,810	32,820	40,261	52,508	54,809	37,672	33,813	108,608	102,554	54,095	26,113	29,774	23,664
Equity`10/15`	-20,728	-13,923	-4,800	-2,614	-1,613	-5,657	-3,858	-48,509	-70,232	-74,594	-53,978	-38,608	-8,825	-34,567	29,717	15,116	256	-4,548	9,795	4,499
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,200	18,200	12,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	400	400	6,400
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-41,188	-34,383	-25,260	-23,074	-22,073	-26,117	-24,318	-68,969	-90,692	-95,054	-74,438	-59,068	-29,285	-55,027	9,257	-5,344	-20,204	-24,608	-10,265	-9,561
Amounts payable`17/49`	81,250	105,141	99,647	5,961	6,042	11,068	10,166	154,320	103,053	114,855	106,486	93,417	46,497	68,380	78,891	87,439	53,839	30,660	19,980	19,165
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	0	6,500	8,500	2,700	2,700	2,700	9,521	2,460	820	2,493	5,580
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,121	-	0	1,673	5,580
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	0	6,500	8,500	2,700	2,700	2,700	2,400	2,460	820	820	-
Amounts payable within one year`42/48`	81,250	105,141	99,647	5,961	6,042	11,068	10,166	147,517	97,750	111,841	96,917	83,482	43,797	65,680	76,191	77,918	51,379	29,840	17,486	13,584
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,121	7,293	-	-	3,907	-
Financial debts`43`	-	-	-	-	-	0	18	-	-	-	-	-	-	-	0	0	7,000	1,673	0	3,759
Credit institutions`430/8`	-	-	-	-	-	0	18	-	-	-	-	-	-	-	0	-	0	1,673	0	3,759
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,000	-	-	-
Trade debts`44`	1,360	6,764	2,762	863	944	3,607	1,515	45,493	22,677	17,450	23,713	15,140	10,736	13,155	22,192	20,756	12,536	6,205	1,870	2,610
Suppliers`440/4`	1,360	6,764	2,762	863	944	3,607	1,515	45,493	22,677	17,450	23,713	15,140	10,736	13,155	22,192	20,756	12,536	6,205	1,870	2,610
Advances received on contracts in progress`46`	-	11,284	-	-	-	-	-	-	0	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	-	-	-
Taxes, remuneration and social security`45`	2,259	-	921	817	817	3,180	3,648	18,959	17,143	17,288	8,684	10,747	11,313	23,208	27,193	21,119	13,978	12,628	11,710	7,216
Taxes`450/3`	2,259	-	921	817	817	3,180	3,648	10,749	7,457	8,014	3,771	2,238	11,313	23,208	27,193	21,119	13,978	11,299	7,158	7,216
Remuneration and social security`454/9`	-	-	-	-	-	-	0	8,210	9,687	9,273	4,914	8,508	0	0	0	0	0	1,329	4,552	0
Other amounts payable`47/48`	77,631	87,093	95,964	4,280	4,280	4,280	4,985	83,065	57,929	75,904	63,320	56,395	20,548	28,117	18,484	27,550	16,665	9,334	0	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	0	6,803	5,303	3,014	3,069	1,435	-	-	-	0	0	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	2,000	33,444	58,295	18,503	97,247	140,976	89,408	134,104	44,662	201,329	146,127	100,936	89,162	67,070	45,463
Non-recurring operating income`76A`	-	-	-	-	-	-	43,000	-	-	-	-	-	-	-	834	-	-	2,123	-	-
Gross operating margin`9900`	10,897	8,529	4,168	-515	6,728	-1,100	54,775	40,670	13,662	45,136	41,679	8,024	39,476	-46,238	92,501	53,992	21,500	-1,602	13,391	11,332
Goods, raw materials, services and sundry goods`60/61`	-	-	3,686	515	596	3,100	35,619	46,596	29,794	95,829	99,297	81,384	94,628	90,900	108,828	92,135	79,435	90,763	53,679	34,132
Remuneration, social security and pensions`62`	-	-	-	-	-	-	1,354	-	465	29,931	20,390	22,476	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	17,254	17,254	4,948	-	-	-	0	17,403	4,675	4,775	5,798	5,188	4,476	5,343	7,125	8,851	6,998	4,120	2,934	4,385
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-2,229	-	-12,375	-	-	14,604	-	-36,632	1,916	-24,747	54,000	-	-	7,974	-	-
Other operating charges`640/8`	259	654	448	405	3,936	622	19,609	1,300	3,305	14,933	22,353	45,636	6,865	7,104	2,392	3,116	1,671	2,172	1,482	1,521
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	65	-	-	28,963	-	-	-	-	5,898	-
Operating profit (loss)`9901`	-6,616	-9,379	-1,227	-920	5,022	-1,722	46,187	21,966	5,218	-19,108	-6,862	-28,644	26,219	-33,939	28,983	42,025	12,832	-15,867	8,975	5,427
Financial income`75/76B`	-	-	-	64	-	45	1,962	2	3	9	14	15	23	26	318	41	41	-	29	2
Recurring financial income`75`	-	-	-	64	-	45	1,962	2	3	9	14	15	23	26	318	41	41	-	29	2
Financial charges`65/66B`	189	665	37	146	159	124	318	245	847	1,250	8,270	1,054	350	1,286	1,201	1,666	871	598	804	805
Recurring financial charges`65`	189	665	37	146	159	124	318	245	847	1,250	8,270	1,054	350	1,286	1,201	1,666	871	598	804	805
Profit (loss) for the period before taxes`9903`	-6,805	-10,045	-1,265	-1,002	4,862	-1,800	47,832	21,723	4,373	-20,349	-15,184	-29,683	25,892	-64,163	28,935	40,400	12,002	-14,342	2,302	4,623
Income taxes`67/77`	-	-	921	-	817	-	3,180	0	12	267	186	101	149	121	14,333	11,541	5,598	-	3,006	1,130
Profit (loss) for the period`9904`	-6,805	-10,045	-2,185	-1,002	4,045	-1,800	44,652	21,723	4,361	-20,616	-15,370	-29,783	25,743	-64,284	14,601	28,859	6,404	-14,342	-704	3,493
Profit (loss) for the period to be appropriated`9905`	-6,805	-10,045	-2,185	-1,002	4,045	-1,800	44,652	21,723	4,361	-20,616	-15,370	-29,783	25,743	-64,284	14,601	28,859	6,404	-14,342	-704	3,493
Appropriation of the result
Profit (loss) to be appropriated`9906`	-41,188	-34,383	-25,260	-23,074	-22,073	-26,117	-24,318	-68,969	-90,692	-95,054	-74,438	-59,068	-29,285	-55,027	9,257	8,656	-18,204	-24,608	-10,265	-9,561
Profit (loss) brought forward from the previous period`14P`	-34,383	-24,339	-23,074	-22,073	-26,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	2,000	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	2,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	0.8	0.8	1.2	0.8	-	-	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	1,389	1,389	1,240	1,235	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-06-2026	2026-00235898	PDF
31-12-2024	micro format	30-09-2025	2025-00524974	PDF
31-12-2023	micro format	25-10-2024	2024-00515071	PDF
31-12-2022	micro format	31-08-2023	2023-00418365	PDF
31-12-2021	micro format	12-07-2022	2022-20186273	PDF
31-12-2020	micro format	30-08-2021	2021-57100135	PDF
31-12-2019	micro format	28-10-2020	2020-64600007	PDF
31-12-2018	micro format	20-05-2019	2019-13500252	PDF
31-12-2017	micro format	23-07-2018	2018-36100447	PDF
31-12-2016	micro format	21-09-2017	2017-61900173	PDF
31-12-2015	full format	28-09-2016	2016-62400168	PDF
31-12-2014	full format	21-09-2015	2015-59300069	PDF
31-12-2013	full format	09-10-2014	2014-64700107	PDF
31-12-2012	full format	21-08-2013	2013-45600384	PDF
31-12-2011	full format	29-08-2012	2012-50200027	PDF
31-12-2010	full format	24-08-2011	2011-43100085	PDF
31-12-2009	full format	22-07-2010	2010-34400150	PDF
31-12-2008	full format	10-09-2009	2009-75900152	PDF
31-12-2007	full format	27-08-2008	2008-67800062	PDF
31-12-2006	full format	28-06-2007	2007-29300345	PDF
31-12-2005	full format	13-07-2006	2006-46505024	PDF
31-12-2004	full format	29-09-2005	2005-76701015	PDF
31-12-2003	full format	29-10-2004	2004-76705178	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	10,638	7,875	3,720	-	-	-	46,187	39,369	9,892	-14,333	-1,064	-23,456	30,695	-28,596	36,108	50,876	19,829	-11,747	11,909	9,811
Cash flow	10,449	7,210	2,762	-	-	-	44,652	39,126	9,036	-15,841	-9,571	-24,595	30,219	-58,941	21,726	37,710	13,402	-10,222	2,229	7,877
Investment in fixed assets (approximation)	0	0	96,770	-	-	-	0	66,500	0	1,653	8,940	4,412	2,108	13,431	428	17,221	24,723	9,345	12,138	1,441
Change in cash	-908	-556	-879	650	163	118	-620	158	-768	-2,205	-3,778	6,249	-1,813	2,494	-7,704	7,563	-585	-241	131	-
Working capital	-78,170	-88,619	-96,749	-2,741	-1,740	-5,784	-3,985	-99,052	-73,178	-84,504	-64,158	-45,280	-23,508	-51,619	7,323	-14,659	-28,284	-17,003	1,247	-2,656
EBIT margin	-	-	-	-	-	-86.1%	-	37.7%	28.2%	-19.6%	-4.9%	-32.0%	19.6%	-76.0%	14.4%	28.8%	12.7%	-17.8%	13.4%	11.9%
Solvency	-34.2%	-15.3%	-5.1%	-	-	-104.6%	-61.2%	-45.8%	-214.0%	-185.3%	-102.8%	-70.4%	-23.4%	-102.2%	27.4%	14.7%	0.5%	-17.4%	32.9%	19.0%
Current ratio	0.04	0.16	0.03	-	-	0.48	0.61	0.33	0.25	0.24	0.34	0.46	0.46	0.21	1.10	0.81	0.45	0.43	1.07	0.80
Quick ratio	0.04	0.16	0.03	-	-	0.48	0.41	0.33	0.25	0.24	0.32	0.44	0.46	0.21	1.10	0.81	0.45	0.43	0.95	0.80
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.65	5.78	-	-	2.04	4.26
ROE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49.1%	190.9%	-	-	-7.2%	77.6%
ROA	-11.2%	-11.0%	-2.3%	-	-	-33.3%	707.8%	20.5%	13.3%	-51.2%	-29.3%	-54.3%	68.3%	-190.1%	13.4%	28.1%	11.8%	-54.9%	-2.4%	14.8%
Interest coverage	56.33	11.83	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	238 days	14 days	263 days	333 days	65 days	51 days	90 days	37 days	45 days	109 days	78 days	53 days	40 days	69 days	50 days
Supplier credit	-	-	274 days	611 days	578 days	425 days	16 days	356 days	278 days	66 days	87 days	68 days	41 days	53 days	74 days	82 days	58 days	25 days	13 days	28 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€2,898	-	-
Intangible fixed assets	-	-	€83,372	-	-
Financial fixed assets	-	-	€10,500	-	-
Depreciation and write-downs of the year	€17,254	€17,254	€4,948	-	-

DIVIN

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-34.2%

Current ratio0.04

Return on assets-11.2%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on DIVIN

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