DN2C
Dissolved and wound upFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-01-2026 PDF all 5 filings
Turnover
≈ €110,000
Estimated: probably between €49,000 and €260,000
Total assets
€217,189▼ 22.1%
2024 · €278,887
Net result
-€11,585▼ 180%
2024 · -€4,135
Working capital
€189,367▲ 29.7%
2024 · €145,991
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€4,972
2025
20212025
Net result
-€11,585
▼ 180%
2025
20212025
Equity
€206,774
▼ 5.3%
2025
20212025
Total assets
€217,189
▼ 22.1%
2025
20212025
Debt
€10,415
▼ 82.8%
2025
20212025
Working capital
€189,367
▲ 29.7%
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€109,054-€145,384▲ 33.3%€130,181▼ 10.5%€543▼ 99.6%-€4,972
Net result€76,401-€106,721▲ 39.7%€96,426▼ 9.6%-€4,135-€11,585▼ 180%
Equity€136,401-€191,694▲ 40.5%€222,494▲ 16.1%€218,359▼ 1.9%€206,774▼ 5.3%
Total assets€458,179-€493,124▲ 7.6%€408,780▼ 17.1%€278,887▼ 31.8%€217,189▼ 22.1%
Debt€321,778-€301,431▼ 6.3%€186,285▼ 38.2%€60,528▼ 67.5%€10,415▼ 82.8%
Working capital€300-€269,108▲ 896×€132,448▼ 50.8%€145,991▲ 10.2%€189,367▲ 29.7%
The operating result for 2025 is a loss of €4,972, after a profit of €543 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,189
Fixed assets
€17,407 ▼ 83.1%
Current assets
€199,782 ▲ 13.6%
Equity and liabilities €217,189
Equity
€206,774 ▼ 5.3%
Debt
€10,415 ▼ 82.8%
Debt's share of the balance-sheet total falls from 21.7% to 4.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8,917▼
2024 · €39,528
Cash flow
€2,303▼
2024 · €34,850
Current ratio
19.18▲
2024 · 5.90
Quick ratio
18.63▲
2024 · 5.68
Debt to equity
0.05▼
2024 · 0.28
ROE
-5.6%▼
2024 · -1.9%
ROA
-5.3%▼
2024 · -1.5%
Interest coverage
1.48▼
2024 · 11.56
Debt ≤ 1 year
€10,415▼
2024 · €29,813
Debt > 1 year
€0▼
2024 · €30,165
Income taxes
€720▼
2024 · €1,340
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €37,836 | €131,479 | €7,891 | €3,407 |
| Depreciation and write-downs of the year | €12,637 | €35,918 | €38,985 | €13,888 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,998 | €12,637 | €35,918 | €38,985 | €13,888 | ▼ 64.4% |
| Other operating charges640/8 | - | €158 | €576 | €0 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €5,194 | - |
| Gross operating margin9900 | €126,052 | €158,179 | €166,675 | €39,528 | €14,111 | ▼ 64.3% |
| Operating profit (loss)9901 | €109,054 | €145,384 | €130,181 | €543 | -€4,972 | - |
| Financial income75/76B | - | €34 | €67 | €81 | €116 | ▲ 43.7% |
| Recurring financial income75 | €16 | €34 | €67 | €81 | €116 | ▲ 43.7% |
| Financial charges65/66B | - | €2,541 | €2,048 | €3,419 | €6,010 | ▲ 75.8% |
| Recurring financial charges65 | €1,367 | €2,541 | €2,048 | €3,419 | €6,010 | ▲ 75.8% |
| Profit (loss) for the period before taxes9903 | €107,703 | €142,877 | €128,199 | -€2,795 | -€10,865 | ▼ 289% |
| Income taxes67/77 | €31,302 | €36,156 | €31,773 | €1,340 | €720 | ▼ 46.3% |
| Profit (loss) for the period9904 | €76,401 | €106,721 | €96,426 | -€4,135 | -€11,585 | ▼ 180% |
| Profit (loss) for the period to be appropriated9905 | €76,401 | €106,721 | €96,426 | -€4,135 | -€11,585 | ▼ 180% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458,179 | €493,124 | €408,780 | €278,887 | €217,189 | ▼ 22.1% |
| Fixed assets21/28 | €404,757 | €70,989 | €134,177 | €103,082 | €17,407 | ▼ 83.1% |
| Tangible fixed assets22/27 | €404,577 | €70,989 | €134,177 | €103,082 | €17,407 | ▼ 83.1% |
| Land and buildings22 | - | €1,102 | €790 | €478 | €166 | ▼ 65.3% |
| Plant, machinery and equipment23 | - | €957 | €568 | €178 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €68,930 | €128,671 | €94,952 | €10,605 | ▼ 88.8% |
| Other tangible fixed assets26 | - | - | €4,148 | €7,474 | €6,636 | ▼ 11.2% |
| Financial fixed assets28 | €180 | €0 | - | - | - | - |
| Current assets29/58 | €53,422 | €422,136 | €274,603 | €175,804 | €199,782 | ▲ 13.6% |
| Stocks and contracts in progress3 | €5,516 | €6,868 | €8,179 | €6,361 | €5,762 | ▼ 9.4% |
| Stocks30/36 | - | €6,868 | €8,179 | €6,361 | €5,762 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €8,638 | €62,171 | €23,207 | €3,210 | €5,221 | ▲ 62.7% |
| Trade receivables40 | - | €61,906 | €21,731 | €1,631 | €2,389 | ▲ 46.5% |
| Other amounts receivable41 | - | €265 | €1,476 | €1,579 | €2,832 | ▲ 79.4% |
| Cash at bank and in hand54/58 | €36,378 | €349,899 | €241,174 | €131,814 | €153,387 | ▲ 16.4% |
| Deferred charges and accrued income490/1 | - | €3,198 | €2,043 | €34,420 | €35,412 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458,179 | €493,124 | €408,780 | €278,887 | €217,189 | ▼ 22.1% |
| Equity10/15 | €136,401 | €191,694 | €222,494 | €218,359 | €206,774 | ▼ 5.3% |
| Contributions10/11 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €76,401 | €131,694 | €162,494 | €162,494 | €162,494 | = |
| Distributable reserves133 | - | €131,694 | €162,494 | €162,494 | €162,494 | = |
| Profit (loss) carried forward14 | - | €0 | €0 | -€4,135 | -€15,721 | ▼ 280% |
| Amounts payable17/49 | €321,778 | €301,431 | €186,285 | €60,528 | €10,415 | ▼ 82.8% |
| Amounts payable after more than one year17 | €268,656 | €148,403 | €44,130 | €30,165 | €0 | ▼ 100% |
| Financial debts170/4 | - | €148,403 | €44,130 | €30,165 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €53,122 | €153,028 | €142,156 | €29,813 | €10,415 | ▼ 65.1% |
| Current portion of amounts payable after more than one year42 | - | €12,253 | €13,642 | €13,965 | €0 | ▼ 100% |
| Trade debts44 | €3,108 | €35,394 | €16,004 | €4,053 | €4,996 | ▲ 23.3% |
| Suppliers440/4 | - | €35,394 | €16,004 | €4,053 | €4,996 | ▲ 23.3% |
| Taxes, remuneration and social security45 | - | €53,953 | €46,885 | €11,795 | €5,419 | ▼ 54.1% |
| Taxes450/3 | - | €53,953 | €46,885 | €8,295 | €5,419 | ▼ 34.7% |
| Remuneration and social security454/9 | - | €0 | - | €3,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €51,429 | €65,625 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €550 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,401 | €106,721 | €96,426 | -€4,135 | -€11,585 | ▼ 180% |
| + Depreciation and write-downs630 | €16,998 | €12,637 | €35,918 | €38,985 | €13,888 | ▼ 64.4% |
| Operating cash flow (approximation) | €93,400 | €119,358 | €132,344 | €34,850 | €2,303 | ▼ 93.4% |
| Investment in fixed assets (approximation) | - | €321,131 | -€99,106 | -€7,891 | €71,787 | - |
| Change in cash | - | €313,521 | -€108,725 | -€109,360 | €21,573 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 06-01-2026 | 2026-00001648 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00010484 | |
| 30-06-2023 | micro format | 09-01-2024 | 2024-00545402 | |
| 30-06-2022 | micro format | 10-01-2023 | 2023-20555649 | |
| 30-06-2021 | micro format | 26-01-2022 | 2022-03000404 |