Divo Projects
ActiveSummary
Divo Projects has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,597 and a net result of €27,115. Equity has been shrinking by about 3.6% per year since 2018. Its solvency ranks better than 27% of 15,784 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-04-2001 Normal situation
- Activity
- Certified accountants and tax accountants NACE 69201
- Establishment unit
- 2.211.693.535 8300 Knokke-Heist, since 28-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 16-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €63,095
- ▲ 127%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €27,115
- ▲ 283%
- Equity
- €34,597
- ▼ 27.2%
- Total assets
- €117,448
- ▲ 23.1%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.60, cash €2,026lowers riskSector: Legal and accounting activities (NACE 69)Figures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 29% of them on solvency, 6% on liquidity, 38% on profitability and 16% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 PDF all 24 filings
Every figure per financial year
The operating result for 2025 is 122% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €30,000 | €30,000 |
| Carrying value of the mortgaged assets | - | - | - | €67,004 | €65,674 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,393 | €73,640 | €13,855 | €5,000 |
| Depreciation and write-downs of the year | €6,304 | €6,096 | €9,722 | €6,908 | €4,992 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €33,911 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €567 | €1,080 | €7,241 | €6,304 | €6,096 | €9,722 | €6,908 | €4,992 | ▼ 27.7% |
| Other operating charges640/8 | - | - | - | €668 | €2,909 | €1,725 | €717 | €6,708 | ▲ 836% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €6,471 | - |
| Gross operating margin9900 | €47,070 | -€2,182 | €11,994 | €18,428 | €26,901 | €15,834 | €27,853 | €63,095 | ▲ 127% |
| Operating profit (loss)9901 | €45,095 | -€3,782 | €3,902 | €11,456 | €17,897 | €4,387 | €20,228 | €44,924 | ▲ 122% |
| Financial income75/76B | - | - | - | €409 | €43 | €918 | €103 | €680 | ▲ 564% |
| Recurring financial income75 | €4,458 | €2,659 | €39 | €409 | €43 | €918 | €103 | €680 | ▲ 564% |
| Financial charges65/66B | - | - | - | €3,267 | €5,815 | €3,271 | €9,514 | €11,973 | ▲ 25.8% |
| Recurring financial charges65 | €3,869 | €2,590 | €2,308 | €3,267 | €5,815 | €3,271 | €9,514 | €11,973 | ▲ 25.8% |
| Profit (loss) for the period before taxes9903 | €45,685 | -€3,713 | €1,633 | €8,597 | €12,124 | €2,034 | €10,816 | €33,631 | ▲ 211% |
| Income taxes67/77 | €20,151 | €451 | €475 | €1,505 | €6,292 | €1,314 | €3,737 | €6,516 | ▲ 74.4% |
| Profit (loss) for the period9904 | €25,533 | -€4,164 | €1,159 | €7,092 | €5,833 | €719 | €7,079 | €27,115 | ▲ 283% |
| Profit (loss) for the period to be appropriated9905 | €25,533 | -€4,164 | €1,159 | €7,092 | €5,833 | €719 | €7,079 | €27,115 | ▲ 283% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €85,368 | €82,944 | €98,378 | €107,852 | €74,130 | €116,461 | €95,441 | €117,448 | ▲ 23.1% |
| Fixed assets21/28 | €567 | €1,203 | €78,543 | €72,239 | €15,803 | €79,595 | €86,542 | €80,079 | ▼ 7.5% |
| Tangible fixed assets22/27 | €567 | €1,203 | €78,543 | €72,239 | €15,803 | €79,595 | €86,542 | €80,079 | ▼ 7.5% |
| Land and buildings22 | - | - | - | €54,436 | - | €68,334 | €67,004 | €65,674 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | - | - | €1,759 | €2,911 | €1,522 | €391 | - | - |
| Furniture and vehicles24 | - | - | - | €5,462 | €3,752 | €2,041 | €11,786 | €14,405 | ▲ 22.2% |
| Other tangible fixed assets26 | - | - | - | €10,582 | €9,140 | €7,698 | €7,361 | - | - |
| Current assets29/58 | €84,801 | €81,741 | €19,835 | €35,612 | €58,327 | €36,866 | €8,899 | €37,369 | ▲ 320% |
| Amounts receivable within one year40/41 | €77,929 | €13,423 | €15,125 | €9,387 | €5,447 | €34,201 | €5,321 | €33,527 | ▲ 530% |
| Trade receivables40 | - | - | - | €9,387 | €5,447 | €6,985 | €5,321 | €7,716 | ▲ 45.0% |
| Other amounts receivable41 | - | - | - | - | - | €27,216 | - | €25,810 | - |
| Current investments50/53 | - | €35,000 | - | - | €49,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €260 | €30,049 | €3,808 | €8,593 | €2,517 | - | €2,101 | €2,026 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | - | €17,633 | €1,364 | €2,665 | €1,477 | €1,817 | ▲ 23.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €85,368 | €82,944 | €98,378 | €107,852 | €74,130 | €116,461 | €95,441 | €117,448 | ▲ 23.1% |
| Equity10/15 | €50,517 | €46,353 | €47,511 | €54,604 | €59,600 | €40,459 | €47,539 | €34,597 | ▼ 27.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €600 | €600 | €600 | = |
| Reserves13 | €31,917 | €27,753 | €28,911 | €36,004 | €41,000 | €39,859 | €46,939 | €33,997 | ▼ 27.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €34,144 | €41,000 | €39,859 | €46,939 | €33,997 | ▼ 27.6% |
| Amounts payable17/49 | €34,852 | €36,592 | €50,866 | €53,248 | €14,531 | €76,002 | €47,902 | €82,852 | ▲ 73.0% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €25,992 | €20,443 | ▼ 21.3% |
| Financial debts170/4 | - | - | - | - | - | - | €25,992 | €20,443 | ▼ 21.3% |
| Amounts payable within one year42/48 | €34,852 | €36,592 | €50,866 | €51,673 | €14,531 | €76,002 | €19,170 | €62,408 | ▲ 226% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €4,008 | €5,548 | ▲ 38.4% |
| Financial debts43 | - | - | - | - | - | €59,658 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €59,658 | - | - | - |
| Trade debts44 | €8,117 | €20,333 | €589 | €17,586 | €5,452 | €2,750 | €5,549 | €5,927 | ▲ 6.8% |
| Suppliers440/4 | - | - | - | €17,586 | €5,452 | €2,750 | €5,549 | €5,927 | ▲ 6.8% |
| Taxes, remuneration and social security45 | - | - | - | €2,273 | €8,242 | €11,733 | €8,008 | €10,876 | ▲ 35.8% |
| Taxes450/3 | - | - | - | €2,273 | €8,242 | €11,733 | €8,008 | €10,876 | ▲ 35.8% |
| Other amounts payable47/48 | - | - | - | €31,814 | €836 | €1,860 | €1,605 | €40,057 | ▲ 25× |
| Accrued charges and deferred income492/3 | - | - | - | €1,575 | - | - | €2,740 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,533 | -€4,164 | €1,159 | €7,092 | €5,833 | €719 | €7,079 | €27,115 | ▲ 283% |
| + Depreciation and write-downs630 | €567 | €1,080 | €7,241 | €6,304 | €6,096 | €9,722 | €6,908 | €4,992 | ▼ 27.7% |
| Operating cash flow (approximation) | €26,101 | -€3,083 | €8,400 | €13,396 | €11,928 | €10,441 | €13,987 | €32,107 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€1,716 | -€84,581 | €0 | €50,341 | -€73,514 | -€13,855 | €1,471 | - |
| Change in cash | - | €29,790 | -€26,242 | €4,785 | -€6,076 | - | - | -€75 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as Divo Projects has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Divo Projects itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for Divo Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00160641 | |
| 31-12-2024 | micro format | 05-07-2025 | 2025-00271660 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00383165 | |
| 31-12-2022 | micro format | 02-07-2023 | 2023-00186869 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20112767 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-25900326 | |
| 31-12-2019 | micro format | 22-09-2020 | 2020-54400174 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55400272 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-47700049 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49100261 |
Board & ownership
Directors
Owners and capital
Shareholders
- Dirk Voet all shares
Capital transactions
- 07-12-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dirk Voet |
|
Network & group
Divo Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Divo Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-02
Gazette deed
Registered office moved within Knokke-HeistNew seat: Oosthoekplein 1B/02 te 8300 Knokke-Heist · Previous seat: Kopsdreef 15/3-8300 Knokke-Heist · Director in office4 points ▸
- General meeting, 04-02-2025
- Director in office, Dirk Voet (director)
- Dirk Voet holds all the shares
- Registered-office move, Oosthoekplein 1B/02 te 8300 Knokke-Heist
07-12
Gazette deed
Change of role: Dirk Voet, from manager to directorPurpose change · Amendment of the articles · Capital conversion14 points ▸
- General meeting, 30-11-2022
- Other provision, 04-11-2022, mentioned 2 times in the deed
- Other provision, “agenda punten 3-9, statuten aanpassen aan bepalingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden statutenwijziging, statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Capital
- Director resignation, Dirk Voet (manager)
- Director appointment, Dirk Voet (director (not named in the articles))
- Other provision, “geen verbodsmaatregel, niet getroffen door maatregel die zich verzet” (deed in Dutch)
- Other provision, “kwijting ontslagnemende zaakvoerder, algemene vergadering zal beslissen over kwijting voor uitoefening mandaat” (deed in Dutch)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31332F7590/00D000 | Flanders | 2,953 m² | 1 · 1,598 m² | 9.3 m |