DIVIS
ActiveSummary
DIVIS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,736 and a net result of €17,470. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-5
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 5.75 in 2024; short-term debt: 31.8% and cash: 45.8% of total assets), and 32.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.8%
Return on assets
9.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
44 d early
2022
1 d early
2021
on the day
2020
40 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€130,736▼ 22.2%
2024 · €168,022
Total assets
€192,895▼ 4.5%
2024 · €202,000
Net result
€17,470▼ 31.4%
2024 · €25,465
Working capital
€97,651▼ 25.4%
2024 · €130,967
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,358▼ 51.1%-€1,121€32,518€34,901▲ 7.3%€24,341▼ 30.3%
Net result€23,645▼ 55.4%€564▼ 97.6%€23,174▲ 4,006%€25,465▲ 9.9%€17,470▼ 31.4%
Equity€134,377▲ 19.6%€133,342▼ 0.8%€154,916▲ 16.2%€168,022▲ 8.5%€130,736▼ 22.2%
Total assets€161,856▲ 25.2%€159,928▼ 1.2%€194,616▲ 21.7%€202,000▲ 3.8%€192,895▼ 4.5%
Debt€27,479▲ 61.8%€26,586▼ 3.2%€39,700▲ 49.3%€33,978▼ 14.4%€62,160▲ 82.9%
Working capital€103,283▲ 34.5%€101,191▼ 2.0%€120,076▲ 18.7%€130,967▲ 9.1%€97,651▼ 25.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,895
Fixed assets
€33,930 ▼ 21.9%
Current assets
€158,965 ▲ 0.3%
Equity and liabilities €192,895
Equity
€130,736 ▼ 22.2%
Debt
€62,160 ▲ 82.9%
Debt's share of the balance-sheet total rises from 16.8% to 32.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34,786▼
2024 · €45,247
Cash flow
€27,916▼
2024 · €35,810
Current ratio
2.59▼
2024 · 5.75
Debt to equity
0.48▲
2024 · 0.20
ROE
13.4%▼
2024 · 15.2%
ROA
9.1%▼
2024 · 12.6%
Interest coverage
77.50▲
2024 · 44.41
Debt ≤ 1 year
€61,315▲
2024 · €27,571
Debt > 1 year
€0▼
2024 · €3,525
Income taxes
€8,287▼
2024 · €10,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,850 | €0 | €268 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,062 | €10,527 | €12,525 | €10,345 | €10,445 | ▲ 1.0% |
| Other operating charges640/8 | - | €3,880 | €1,235 | €830 | €1,340 | ▲ 61.5% |
| Non-recurring operating charges66A | - | - | - | €660 | €0 | ▼ 100% |
| Gross operating margin9900 | €49,550 | €13,287 | €46,279 | €46,736 | €36,126 | ▼ 22.7% |
| Operating profit (loss)9901 | €37,358 | -€1,121 | €32,518 | €34,901 | €24,341 | ▼ 30.3% |
| Financial income75/76B | - | €3,761 | €2,251 | €2,048 | €1,865 | ▼ 9.0% |
| Recurring financial income75 | €1,325 | €3,761 | €2,251 | €2,048 | €1,865 | ▼ 9.0% |
| Financial charges65/66B | - | €1,567 | €1,095 | €1,019 | €449 | ▼ 55.9% |
| Recurring financial charges65 | €2,056 | €1,567 | €1,095 | €1,019 | €449 | ▼ 55.9% |
| Profit (loss) for the period before taxes9903 | €36,627 | €1,074 | €33,674 | €35,931 | €25,757 | ▼ 28.3% |
| Income taxes67/77 | €12,982 | €509 | €10,500 | €10,466 | €8,287 | ▼ 20.8% |
| Profit (loss) for the period9904 | €23,645 | €564 | €23,174 | €25,465 | €17,470 | ▼ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €23,645 | €564 | €23,174 | €25,465 | €17,470 | ▼ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,856 | €159,928 | €194,616 | €202,000 | €192,895 | ▼ 4.5% |
| Fixed assets21/28 | €31,095 | €33,651 | €49,894 | €43,462 | €33,930 | ▼ 21.9% |
| Tangible fixed assets22/27 | €31,095 | €33,651 | €49,894 | €43,462 | €33,930 | ▼ 21.9% |
| Plant, machinery and equipment23 | - | €30,087 | €22,501 | €18,882 | €15,621 | ▼ 17.3% |
| Furniture and vehicles24 | - | €3,565 | €27,393 | €24,580 | €18,310 | ▼ 25.5% |
| Current assets29/58 | €130,761 | €126,276 | €144,723 | €158,538 | €158,965 | ▲ 0.3% |
| Amounts receivable after more than one year29 | - | €70,000 | €70,000 | €70,000 | €46,667 | ▼ 33.3% |
| Other amounts receivable291 | - | €70,000 | €70,000 | €70,000 | €46,667 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €26,888 | €30,850 | €11,690 | €20,685 | €22,655 | ▲ 9.5% |
| Trade receivables40 | - | €10,918 | €6,983 | €19,411 | €1,691 | ▼ 91.3% |
| Other amounts receivable41 | - | €19,932 | €4,707 | €1,274 | €20,964 | ▲ 1,546% |
| Cash at bank and in hand54/58 | €32,461 | €24,005 | €61,987 | €66,863 | €88,442 | ▲ 32.3% |
| Deferred charges and accrued income490/1 | - | €1,421 | €1,046 | €990 | €1,201 | ▲ 21.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,856 | €159,928 | €194,616 | €202,000 | €192,895 | ▼ 4.5% |
| Equity10/15 | €134,377 | €133,342 | €154,916 | €168,022 | €130,736 | ▼ 22.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €128,177 | €127,142 | €148,716 | €161,822 | €124,536 | ▼ 23.0% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €127,142 | €148,716 | €161,822 | €124,536 | ▼ 23.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €27,479 | €26,586 | €39,700 | €33,978 | €62,160 | ▲ 82.9% |
| Amounts payable after more than one year17 | - | - | €11,811 | €3,525 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €11,811 | €3,525 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €27,479 | €25,085 | €24,647 | €27,571 | €61,315 | ▲ 122% |
| Current portion of amounts payable after more than one year42 | - | - | €8,047 | €8,286 | €3,525 | ▼ 57.5% |
| Financial debts43 | - | €12,510 | €10,000 | €0 | - | - |
| Credit institutions430/8 | - | €12,510 | €10,000 | €0 | - | - |
| Trade debts44 | €24,545 | €9,720 | €3,611 | €4,055 | €2,241 | ▼ 44.7% |
| Suppliers440/4 | - | €9,720 | €3,611 | €4,055 | €2,241 | ▼ 44.7% |
| Taxes, remuneration and social security45 | - | €1,254 | €1,389 | €1,758 | €792 | ▼ 54.9% |
| Taxes450/3 | - | €1,254 | €1,389 | €1,758 | €792 | ▼ 54.9% |
| Other amounts payable47/48 | - | €1,600 | €1,600 | €13,471 | €54,757 | ▲ 306% |
| Accrued charges and deferred income492/3 | - | €1,501 | €3,242 | €2,882 | €845 | ▼ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,645 | €564 | €23,174 | €25,465 | €17,470 | ▼ 31.4% |
| + Depreciation and write-downs630 | €11,062 | €10,527 | €12,525 | €10,345 | €10,445 | ▲ 1.0% |
| Operating cash flow (approximation) | €34,707 | €11,092 | €35,700 | €35,810 | €27,916 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | -€13,084 | -€28,768 | -€3,914 | -€914 | ▲ 76.7% |
| Change in cash | - | -€8,456 | €37,981 | €4,876 | €21,580 | ▲ 343% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €150,000Eq €154,916 ▲16.2%
5 profitable years in a row build equity to €154,916.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €564 ▼97.6%
Net result drops to €564, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €53,039 ▲396%
Operating result €76,362, net result €53,039, both a record.
30-06
Financial
Equity above €100,000Eq €112,332 ▲89.5%
2 profitable years in a row build equity to €112,332.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Avelgem · 1 establishment unit since 2006
Ground area
1,417 m²
Building footprint
234 m²
Volume, LiDAR
1,251 m³
Parcel 34003A2775/00P000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DIVIS
since 20062.157.629.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A2775/00P000 | Flanders | 1,417 m² | 1 · 234 m² | 10.1 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 4,415 companies in sector 46180 we hold annual accounts for 1,885. 1,411 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
Founded03-11-2006
Fiscal year end30-06
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.