DNCL
ActiveSummary
DNCL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €-22k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-22
Solvency44▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.57 in 2024; short-term debt: 13.6% and cash: 1.4% of total assets), and 81.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
18.6%
Return on assets
-4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 19%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
13 d early
2023
30 d late
2022
57 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▼ 17.6%
2024 · €125k
2020: €20klowest in 6 years
2021: €49k▲ +143% vs 2020
2022: €76k▲ +53.7% vs 2021
2023: €110k▲ +45.5% vs 2022
2024: €125k▲ +13.2% vs 2023highest in 6 years
2025: €103k▼ -17.6% vs 2024
2020 → 2025
Total assets
€554k▼ 5.6%
2024 · €586k
2020: €43klowest in 6 years
2021: €74k▲ +72.0% vs 2020
2022: €108k▲ +46.0% vs 2021
2023: €142k▲ +31.5% vs 2022
2024: €586k▲ +311% vs 2023highest in 6 years
2025: €554k▼ -5.6% vs 2024
2020 → 2025
Net result
€-22k
2024 · €15k
2020: €24k
2021: €29k▲ +20.7% vs 2020
2022: €26k▼ -8.7% vs 2021
2023: €35k▲ +30.3% vs 2022highest in 6 years
2024: €15k▼ -57.8% vs 2023
2025: €-22k▼ -251% vs 2024lowest in 6 years
2020 → 2025
Working capital
€-45k▼ 75.3%
2024 · €-26k
2020: €22k
2021: €52k▲ +137% vs 2020
2022: €79k▲ +54.3% vs 2021
2023: €118k▲ +48.5% vs 2022highest in 6 years
2024: €-26k▼ -122% vs 2023
2025: €-45k▼ -75.3% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€76k▲ 53.7%€110k▲ 45.5%€125k▲ 13.2%€103k▼ 17.6%
2021: €49klowest in 5 years
2022: €76k▲ +53.7% vs 2021
2023: €110k▲ +45.5% vs 2022
2024: €125k▲ +13.2% vs 2023highest in 5 years
2025: €103k▼ -17.6% vs 2024
Operating result€40k-€38k▼ 4.9%€48k▲ 26.9%€43k▼ 9.8%€4k▼ 91.3%
2021: €40k
2022: €38k▼ -4.9% vs 2021
2023: €48k▲ +26.9% vs 2022highest in 5 years
2024: €43k▼ -9.8% vs 2023
2025: €4k▼ -91.3% vs 2024lowest in 5 years
Net result€29k-€26k▼ 8.7%€35k▲ 30.3%€15k▼ 57.8%€-22k
2021: €29k
2022: €26k▼ -8.7% vs 2021
2023: €35k▲ +30.3% vs 2022highest in 5 years
2024: €15k▼ -57.8% vs 2023
2025: €-22k▼ -251% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€524k ▼ 5.3%
Current assets
€30k ▼ 10.4%
Equity and liabilities €554k
Equity
€103k ▼ 17.6%
Debt
€451k ▼ 2.3%
Debt's share of the balance-sheet total rises from 78.7% to 81.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €70k
Cash flow
€8k▼
2024 · €41k
Current ratio
0.40▼
2024 · 0.57
Debt to equity
4.38▲
2024 · 3.69
ROE
-21.4%▼
2024 · 11.7%
ROA
-4.0%▼
2024 · 2.5%
Interest coverage
1.32▼
2024 · 3.02
Debt ≤ 1 year
€75k▲
2024 · €59k
Debt > 1 year
€376k▼
2024 · €402k
Income taxes
€185▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€586k€554k▼
Fixed assets21/28€553k€524k▼
Tangible fixed assets22/27€553k€524k▼
Land and buildings22€535k€507k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€1k
Other tangible fixed assets26€15k€13k▼
Current assets29/58€34k€30k▼
Amounts receivable within one year40/41€13k€21k▲
Trade receivables40€11k€15k▲
Other amounts receivable41€1k€6k▲
Cash at bank and in hand54/58€20k€8k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€586k€554k▼
Equity10/15€125k€103k▼
Contributions10/11€300€300=
Reserves13€125k€103k▼
Distributable reserves133€125k€103k▼
Amounts payable17/49€461k€451k▼
Amounts payable after more than one year17€402k€376k▼
Financial debts170/4€402k€376k▼
Amounts payable within one year42/48€59k€75k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€0€7k▲
Suppliers440/4€0€7k▲
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Other amounts payable47/48€40k€54k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€30k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€73k€36k▼
Operating profit (loss)9901€43k€4k▼
Financial income75/76B€0€19▲
Recurring financial income75€0€19▲
Financial charges65/66B€23k€26k▲
Recurring financial charges65€23k€26k▲
Profit (loss) for the period before taxes9903€20k€-22k▼
Income taxes67/77€5k€185▼
Profit (loss) for the period9904€15k€-22k▼
Profit (loss) for the period to be appropriated9905€15k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-22k▼
Transfer from equity791/2-€22k
Transfer to equity691/2€15k€0▼
To other reserves6921€15k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €568 | €273 | €1k | €27k | €30k | ▲ 13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €466 | - | - | - | - | - |
| Other operating charges640/8 | €701 | €760 | €2k | €4k | €2k | ▼ 36.4% |
| Gross operating margin9900 | €41k | €39k | €50k | €73k | €36k | ▼ 50.6% |
| Operating profit (loss)9901 | €40k | €38k | €48k | €43k | €4k | ▼ 91.3% |
| Financial income75/76B | €16 | €23 | €4 | €0 | €19 | ▲ 64,133% |
| Recurring financial income75 | €16 | €23 | €4 | €0 | €19 | ▲ 64,133% |
| Financial charges65/66B | €595 | €749 | €2k | €23k | €26k | ▲ 10.9% |
| Recurring financial charges65 | €595 | €749 | €2k | €23k | €26k | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €39k | €37k | €46k | €20k | €-22k | ▼ 209% |
| Income taxes67/77 | €10k | €10k | €11k | €5k | €185 | ▼ 96.6% |
| Profit (loss) for the period9904 | €29k | €26k | €35k | €15k | €-22k | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | €29k | €26k | €35k | €15k | €-22k | ▼ 251% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €108k | €142k | €586k | €554k | ▼ 5.6% |
| Fixed assets21/28 | - | €3k | €4k | €553k | €524k | ▼ 5.3% |
| Tangible fixed assets22/27 | - | €3k | €4k | €553k | €524k | ▼ 5.3% |
| Land and buildings22 | - | - | - | €535k | €507k | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €3k | €4k | €3k | €2k | ▼ 20.4% |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Other tangible fixed assets26 | - | - | - | €15k | €13k | ▼ 10.5% |
| Current assets29/58 | €74k | €105k | €139k | €34k | €30k | ▼ 10.4% |
| Amounts receivable within one year40/41 | €17k | €26k | €112k | €13k | €21k | ▲ 63.2% |
| Trade receivables40 | €11k | €17k | €95k | €11k | €15k | ▲ 27.4% |
| Other amounts receivable41 | €6k | €8k | €16k | €1k | €6k | ▲ 427% |
| Cash at bank and in hand54/58 | €57k | €79k | €26k | €20k | €8k | ▼ 59.4% |
| Deferred charges and accrued income490/1 | €119 | €411 | €1k | €1k | €2k | ▲ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €108k | €142k | €586k | €554k | ▼ 5.6% |
| Equity10/15 | €49k | €76k | €110k | €125k | €103k | ▼ 17.6% |
| Contributions10/11 | €300 | €300 | €300 | €300 | €300 | = |
| Reserves13 | €49k | €76k | €110k | €125k | €103k | ▼ 17.7% |
| Distributable reserves133 | €49k | €76k | €110k | €125k | €103k | ▼ 17.7% |
| Amounts payable17/49 | €25k | €33k | €32k | €461k | €451k | ▼ 2.3% |
| Amounts payable after more than one year17 | - | - | - | €402k | €376k | ▼ 6.6% |
| Financial debts170/4 | - | - | - | €402k | €376k | ▼ 6.6% |
| Amounts payable within one year42/48 | €23k | €26k | €21k | €59k | €75k | ▲ 26.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €9k | ▲ 4.6% |
| Trade debts44 | €2k | €3k | €3k | €0 | €7k | - |
| Suppliers440/4 | €2k | €3k | €3k | €0 | €7k | - |
| Taxes, remuneration and social security45 | €21k | €23k | €18k | €11k | €6k | ▼ 44.9% |
| Taxes450/3 | €21k | €23k | €18k | €11k | €6k | ▼ 44.9% |
| Other amounts payable47/48 | - | - | - | €40k | €54k | ▲ 33.2% |
| Accrued charges and deferred income492/3 | €2k | €7k | €11k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €26k | €35k | €15k | €-22k | ▼ 251% |
| + Depreciation and write-downs630 | €568 | €273 | €1k | €27k | €30k | ▲ 13.4% |
| Operating cash flow (approximation) | €30k | €27k | €36k | €41k | €8k | ▼ 80.3% |
| Investment in fixed assets (approximation) | - | - | €-2k | €-575k | €-1k | ▲ 99.8% |
| Change in cash | - | €23k | €-54k | €-6k | €-12k | ▼ 99.1% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €35k ▲30.3%
Operating result €48k, net result €35k, both a record.
31-12
Financial
Equity above €100kEq €110k ▲45.5%
4 profitable years in a row build equity to €110k.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Zwevegem · 1 establishment unit since 2020
Ground area
1,123 m²
Building footprint
177 m²
Volume, LiDAR
1,094 m³
Parcel 34042A0532/00L002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DNCL
since 20202.300.694.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0532/00L002 | Flanders | 1,123 m² | 1 · 177 m² | 10.5 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 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,847 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
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.