DIVO
ActiveSummary
DIVO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,764 and a net result of -€1,411. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 1317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-49
Solvency33▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
7.6%
Return on assets
-6.1%
Age of the figures
9 mo
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 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
17 d early
2023
2 d early
2022
7 d early
2021
3 d early
2020
40 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,764▼ 44.4%
2024 · €3,175
Total assets
€23,305▲ 88.9%
2024 · €12,337
Net result
-€1,411
2024 · €13,972
Working capital
-€2,490▲ 48.6%
2024 · -€4,841
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€36,927▼ 33.6%€14,660▼ 60.3%€12,682▼ 13.5%€14,294▲ 12.7%-€1,006
Net result€35,414▼ 35.3%€13,077▼ 63.1%€11,933▼ 8.7%€13,972▲ 17.1%-€1,411
Equity-€35,807▲ 49.7%-€22,730▲ 36.5%-€10,797▲ 52.5%€3,175€1,764▼ 44.4%
Total assets€24,960▲ 37.1%€27,987▲ 12.1%€10,887▼ 61.1%€12,337▲ 13.3%€23,305▲ 88.9%
Debt€60,767▼ 32.0%€50,717▼ 16.5%€21,684▼ 57.2%€9,162▼ 57.7%€21,541▲ 135%
Working capital-€44,922▲ 42.7%-€36,734▲ 18.2%-€20,672▲ 43.7%-€4,841▲ 76.6%-€2,490▲ 48.6%
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 turns negative in 2025: a loss of €1,006 after €14,294 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,305
Fixed assets
€4,254 ▼ 46.9%
Current assets
€19,051 ▲ 341%
Equity and liabilities €23,305
Equity
€1,764 ▼ 44.4%
Debt
€21,541 ▲ 135%
Debt's share of the balance-sheet total rises from 74.3% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,757▼
2024 · €18,491
Cash flow
€2,352▼
2024 · €18,170
Current ratio
0.88▲
2024 · 0.47
Debt to equity
12.21▲
2024 · 2.89
ROE
-80.0%▼
2024 · 440.1%
ROA
-6.1%▼
2024 · 113.3%
Interest coverage
4.80▼
2024 · 125.73
Debt ≤ 1 year
€21,541▲
2024 · €9,162
Income taxes
€216▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,757 | €4,117 | €4,129 | €4,198 | €3,763 | ▼ 10.4% |
| Other operating charges640/8 | €372 | €173 | €1,651 | €1,274 | €1,772 | ▲ 39.1% |
| Gross operating margin9900 | €41,056 | €18,950 | €18,462 | €19,765 | €4,528 | ▼ 77.1% |
| Operating profit (loss)9901 | €36,927 | €14,660 | €12,682 | €14,294 | -€1,006 | ▼ 107% |
| Financial income75/76B | €1 | €696 | €0 | - | €386 | - |
| Recurring financial income75 | €1 | €696 | €0 | - | €386 | - |
| Financial charges65/66B | €1,514 | €2,280 | €584 | €147 | €574 | ▲ 291% |
| Recurring financial charges65 | €1,514 | €2,280 | €584 | €147 | €574 | ▲ 291% |
| Profit (loss) for the period before taxes9903 | €35,414 | €13,077 | €12,097 | €14,147 | -€1,195 | ▼ 108% |
| Income taxes67/77 | - | - | €164 | €174 | €216 | ▲ 24.0% |
| Profit (loss) for the period9904 | €35,414 | €13,077 | €11,933 | €13,972 | -€1,411 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €35,414 | €13,077 | €11,933 | €13,972 | -€1,411 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,960 | €27,987 | €10,887 | €12,337 | €23,305 | ▲ 88.9% |
| Fixed assets21/28 | €14,402 | €14,004 | €9,875 | €8,016 | €4,254 | ▼ 46.9% |
| Tangible fixed assets22/27 | €14,402 | €14,004 | €9,875 | €8,016 | €4,254 | ▼ 46.9% |
| Furniture and vehicles24 | €14,402 | €10,645 | €6,888 | €3,131 | - | - |
| Other tangible fixed assets26 | - | €3,359 | €2,987 | €4,886 | €4,254 | ▼ 12.9% |
| Current assets29/58 | €10,558 | €13,983 | €1,012 | €4,321 | €19,051 | ▲ 341% |
| Amounts receivable within one year40/41 | €10,523 | €13,709 | - | €2,685 | €18,926 | ▲ 605% |
| Trade receivables40 | €1,303 | - | - | €1,445 | €2,564 | ▲ 77.4% |
| Other amounts receivable41 | €9,220 | €13,709 | - | €1,241 | €16,363 | ▲ 1,219% |
| Cash at bank and in hand54/58 | €35 | €274 | €705 | €1,249 | €6 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | - | €307 | €387 | €119 | ▼ 69.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,960 | €27,987 | €10,887 | €12,337 | €23,305 | ▲ 88.9% |
| Equity10/15 | -€35,807 | -€22,730 | -€10,797 | €3,175 | €1,764 | ▼ 44.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€85,807 | -€72,730 | -€60,797 | -€46,825 | -€48,236 | ▼ 3.0% |
| Amounts payable17/49 | €60,767 | €50,717 | €21,684 | €9,162 | €21,541 | ▲ 135% |
| Amounts payable after more than one year17 | €5,287 | - | - | - | - | - |
| Financial debts170/4 | €5,287 | - | - | - | - | - |
| Amounts payable within one year42/48 | €55,480 | €50,717 | €21,684 | €9,162 | €21,541 | ▲ 135% |
| Current portion of amounts payable after more than one year42 | €5,674 | €5,287 | - | - | - | - |
| Trade debts44 | €8,219 | €3,064 | €6,550 | €6,277 | €6,837 | ▲ 8.9% |
| Suppliers440/4 | €8,219 | €3,064 | €6,550 | €6,277 | €6,837 | ▲ 8.9% |
| Taxes, remuneration and social security45 | €4,087 | €2,977 | €735 | €384 | €14,203 | ▲ 3,603% |
| Taxes450/3 | €4,087 | €2,977 | €735 | €384 | €14,203 | ▲ 3,603% |
| Other amounts payable47/48 | €37,500 | €39,389 | €14,400 | €2,501 | €501 | ▼ 80.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,414 | €13,077 | €11,933 | €13,972 | -€1,411 | ▼ 110% |
| + Depreciation and write-downs630 | €3,757 | €4,117 | €4,129 | €4,198 | €3,763 | ▼ 10.4% |
| Operating cash flow (approximation) | €39,171 | €17,193 | €16,062 | €18,170 | €2,352 | ▼ 87.1% |
| Investment in fixed assets (approximation) | - | -€3,719 | €0 | -€2,339 | €0 | ▲ 100% |
| Change in cash | - | €239 | €431 | €543 | -€1,243 | ▼ 329% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€1,411
Net result drops to -€1,411, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Heist-op-den-Berg · 1 establishment unit since 2009
Ground area
674 m²
Building footprint
190 m²
Volume, LiDAR
959 m³
Parcel 12014K0022/00C002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DIVO
since 20092.176.955.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0022/00C002 | Flanders | 674 m² | 1 · 190 m² | 8.9 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 118 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 118 EUR | 0 EUR |
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Of 217 companies in sector 55900 we hold annual accounts for 73. 8 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
Founded12-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
55900Accommodation
13910Manufacture of textiles
43230Insulation installation
43990Other specialised construction activities
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809176968
Also
9925:BE0809176968
Registered
12-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.