DIVINS

Active

Private limited companyfounded 198937 yrs activeGrand-Route 57, 4500 Huy, BelgiumKBO/BCE: BE 0437.744.073

DIVINS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €648k and a net result of €-224k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 4828 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2025

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability1▼-46

Solvency66▲+30

Growth52▲+20

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 short (current ratio 0.74 against 1.07 in 2023; short-term debt: 51.9% and cash: 0.8% of total assets), and 58.8% of the assets are financed with debt.

How do we compute the score and the probability?

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

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

41.2%

Return on assets

-14.2%

Age of the figures

18 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

18192021222325

2018 to 2025 · latest year €648k

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 d early

2023

27 d late

2022

11 d early

2021

19 d early

2020

23 d late

2019

87 d late

2018

28 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-224k

2023 · €16k

2018: €116k 2019: €23k 2020: €-97k 2021: €109k 2022: €5k 2023: €16k

2018 → 2025

Working capital

€-214k

2023 · €58k

2018: €195 2019: €-35k 2020: €33k 2021: €108k 2022: €92k 2023: €58k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232025Trend

Equity€58k-€164k▲ 182%€115k▼ 29.8%€127k▲ 10.6%€648k▲ 410%

Operating result€-77k-€138k€28k▼ 79.9%€58k▲ 112%€-182k

Net result€-97k-€109k€5k▼ 95.4%€16k▲ 218%€-224k

Result per fiscal year

Operating resultNet result

The operating result is €-182k in 2025, compared with €58k in 2023. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2025 in colour, 2023 as the grey bar beneath

Assets €1.57M

61.6%

38.4%

Fixed assets €970k▲ 278%

Current assets €604k▼ 31.6%

Equity and liabilities €1.57M

41.2%

58.6%

Equity €648k▲ 410%

Provisions €3k▼ 43.3%

Debt €923k▼ 8.4%

The debt ratio falls from 88.4% to 58.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2023

EBITDA

€-104k▼

2023 · €126k

Cash flow

€-146k▼

2023 · €83k

Solvency

41.2%▲

2023 · 11.1%

Current ratio

0.74▼

2023 · 1.07

Quick ratio

0.22▼

2023 · 0.39

Debt / equity

1.42▼

2023 · 7.93

ROE

-34.6%▼

2023 · 12.6%

ROA

-14.2%▼

2023 · 1.4%

Interest coverage

-2.11▼

2023 · 3.14

Debt

€923k▼

2023 · €1.01M

Debt ≤ 1 year

€818k▼

2023 · €825k

Debt > 1 year

€105k▼

2023 · €178k

Income taxes

€38▼

2023 · €8k

Staff costs

€377k▲

2023 · €258k

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 2023

Balance sheet Code20232025

Assets

Total assets20/58€1.14M€1.57M▲

Fixed assets21/28€256k€970k▲

Tangible fixed assets22/27€256k€970k▲

Land and buildings22€218k€938k▲

Plant, machinery and equipment23€21k€18k▼

Furniture and vehicles24€16k€14k▼

Leasing and similar rights25€2k-

Current assets29/58€883k€604k▼

Stocks and contracts in progress3€564k€427k▼

Stocks30/36€564k€427k▼

Amounts receivable within one year40/41€251k€160k▼

Trade receivables40€201k€123k▼

Other amounts receivable41€50k€38k▼

Cash at bank and in hand54/58€63k€12k▼

Deferred charges and accrued income490/1€5k€4k▼

Equity and liabilities

Total equity and liabilities10/49€1.14M€1.57M▲

Equity10/15€127k€648k▲

Contributions10/11€19k€19k=

Revaluation surpluses12-€750k

Reserves13€61k€56k▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Tax-exempt reserves132€59k€55k▼

Profit (loss) carried forward14€36k€-184k▼

Investment grants15€12k€7k▼

Provisions and deferred taxes16€5k€3k▼

Deferred taxes168€5k€3k▼

Amounts payable17/49€1.01M€923k▼

Amounts payable after more than one year17€178k€105k▼

Financial debts170/4€178k€105k▼

Amounts payable within one year42/48€825k€818k▼

Current portion of amounts payable after more than one year42€136k€71k▼

Financial debts43€135k€200k▲

Other loans439€135k€200k▲

Trade debts44€458k€470k▲

Suppliers440/4€458k€470k▲

Taxes, remuneration and social security45€92k€72k▼

Taxes450/3€53k€8k▼

Remuneration and social security454/9€39k€64k▲

Other amounts payable47/48€4k€4k▼

Accrued charges and deferred income492/3€4k-

Income statement Code20232025

Non-recurring operating income76A€9k€3k▼

Remuneration, social security and pensions62€258k€377k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€78k▲

Other operating charges640/8€21k€24k▲

Non-recurring operating charges66A€17k€123k▲

Gross operating margin9900€422k€420k▼

Operating profit (loss)9901€58k€-182k▼

Financial income75/76B€4k€5k▲

Recurring financial income75€4k€5k▲

Financial charges65/66B€40k€49k▲

Recurring financial charges65€40k€49k▲

Profit (loss) for the period before taxes9903€22k€-226k▼

Transfer from deferred taxes780€2k€2k▲

Income taxes67/77€8k€38▼

Profit (loss) for the period9904€16k€-224k▼

Transfer from tax-exempt reserves789€3k€4k▲

Profit (loss) for the period to be appropriated9905€19k€-220k▼

Appropriation of the result

Profit (loss) to be appropriated9906€36k€-184k▼

Profit (loss) brought forward from the previous period14P€16k€36k▲

Social balance

Average headcount (FTE)90877.68.6▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

22-10

NBB filing Annual accounts filed

fiscal year 2025 · full schema

31-03

Financial Weakest financial yearnet €-224k ▼1495%

Net result drops to €-224k, the lowest in the series.

31-03

Financial Equity above €500kEq €648k ▲410%

Equity rises from €127k to €648k.

2024

27-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 27 days late

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

12-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €109k

Net result €109k after one loss-making year.

31-12

Financial Equity above €150kEq €164k ▲182%

Equity rises from €58k to €164k.

23-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 23 days late

2020

26-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 87 days late

2019

31-12

Financial Equity above €150kEq €160k ▲13.4%

2 profitable years in a row build equity to €160k.

28-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 28 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 59 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 30 days late

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, Huy · 1 establishment unit since 1992

establishment The establishment unit on the map

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.

Grand-Route 574500 Huy

Ground area

4,038 m²

Building footprint

2,609 m²

Volume, LiDAR

14,772 m³

Parcel 61061A0295/00B005, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

COMPTOIR DES BOISSONS

Grand-Route 57, 4500 HuyLogistics services

since 19922.043.991.423

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61061A0295/00B005	Wallonia	4,038 m²	1 · 2,609 m²	7.4 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Huy2.043.991.423

1 permission

Toelating · Groothandelaar levensmiddelen · since 12-06-2024

Similar companies · same sector, comparable size

Sambreville · Eq €653k

DRANKENSERVICE RUDY AMPE

BE 0870.988.239

Izegem · Eq €641k

Of 1,581 companies in sector 46349 we hold annual accounts for 986. 649 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-06-1989

Fiscal year end31-03

Activities, NACEBEL

46349Wholesale of beverages, general range

47252Retail sale of beverages, general range

51340

52250Logistics services

47260Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.