Equity
€1.6m from €2.7m in 2023
Equity fell by 40% in 2 years.
DNF GROUP
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €670,578 (2024)
€574,693▼ 14.3%
Resultpeak €1.0m (2021)
€423,428▼ 23.4%
Equitypeak €2.7m (2023)
€1.6m▲ 22.6%
Debts
€2.4m▼ 12.7%
Staffpeak 1.8 FTE (2025)
1.8 FTE▲ 100%
Board10 names since 2013
5 directorsLudovic MERTENS and 4 others
Owners3 names in the annual accounts
Documentsfilings and deeds
18-07-202613 days before the deadline
2025abbreviated format
Gross margin from €670,578 to €574,693Staff from 0.9 FTE to 1.8 FTERegistered office moved within Antwerp 04-08Resignation: Ludo Frans (director) 22-01Dividend €129,350Equity from €1.3m to €1.6m
Key points
from the 2025 annual accountsInvestments
€206,444 24.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.43 was 0.93 in 2024
Short-term debts rose from €515,643 to €536,446.
Group
4 companies controlled
Heads a group.
Board
1 joined · 1 left
Board changed. Latest change 07-11-2025 · 5 in office.
Position in the sector
€1.6m
More equity than 87% of companies in legal and accounting. Sector median €270,340 · 4,128 companies.
Checked score
87
Excellent
Financially stronger than 42% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,094 companies (NACE 69, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.1%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.43, cash €50,301, halved
1 change of registered office in 24 months
lowers risk
Sector: Legal and accounting activities (NACE 69)
Figures for financial year 2025 (filed on 18-07-2026)
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 37% of them on solvency, 25% on liquidity, 37% on profitability and 67% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.43 (0.93 in 2024), below 1. Short-term debt is 13.3% and cash 1.2% of total assets. 60.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 18-07-2026, 13 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
13 days early
2024
7 days early
2023
16 days early
2022
7 days early
2021
4 days late
2020
120 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 27 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Kodepacc 25%score 91equity €232,050 (2025) · 2025 annual accounts of Kodepacc
Shares in 4 companies, including DNF ADVIESCO and dnf belgium
Board & ownershipRecent changes
New director
Yelena Francken appointed, Alexandra Bono resigned · Director discharge: Alexandra Bono (director (not named in the articles)) · General meeting of 07-11-2025 · Gazette deed
Registered office moved within Antwerp
New registered office: Generaal Lemanstraat 61 bus 3, 2018 Antwerpen · Previous registered office: Indiëstraat 28, 2000 Antwerpen · Board meeting of 09-07-2025 · Gazette deed
Resignation: Ludo Frans (director)
Director discharge: Ludo Frans · General meeting of 09-12-2024 · Gazette deed
7 directors reappointed
Louis Dheedene, Joris DE BLAISER, Koen DEPESTEL, Ludo FRANS, Ludovic MERTENS, Alexander VERLEYSEN and 1 other · General meeting of 28-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| DNF GROUP Antwerp | €4.0m | €0.6m | 39.5% | 1.8 |
| MBM Groupe Auderghem | €3.9m | €0.7m | 68.3% | 2.3 |
| Magnalia Grez-Doiceau | €3.3m | €0.5m | 23.2% | 1 |
| HORISON Bruges | €3.8m | €0.4m | 24.2% | 2.7 |
| MONDRIAAN II Aalst | €2.4m | €0.3m | 43.7% | 1.6 |
| ELYSIUM GROUP Brecht | €1.7m | €0.6m | 21.0% | 0.8 |
| LDS Tax Advisory Herentals | €2.3m | €1.6m | 1.4% | 1.8 |
These companies have the same main activity as DNF GROUP: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €1.7m and €3.9m, founded between 2013 and 2019.
Official details
Source: KBO- Status
- Active since 27-06-2019Normal situation
- Registered office
- 11 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Certified accountants and tax accountantsNACE 69201
- Joint committee
- 336Liberal professions · annual accounts 2025
- Establishment unit
- 2.292.896.9852018 Antwerp, since 27-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- Turnover
- ≈ €1.0mestimated
- Total assets
- €4.0m▼ 1.5%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 18-07-2026, 13 days before the end of the filing period
Companies linked to DNF GROUP
Subsidiaries and holdings
Insights on DNF GROUP
DNF GROUP files the abbreviated format. That format states no turnover. The gross margin rose from €5,422 in 2020 to €574,693 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DNF GROUP
- What is the company number of DNF GROUP?
- The company number of DNF GROUP is 0728.986.771. The VAT number is the same number with BE in front: BE 0728.986.771.
- Where is DNF GROUP based?
- The registered office is at Generaal Lemanstraat 61, 2018 Antwerp.Company details
- What does DNF GROUP do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of DNF GROUP?
- DNF GROUP is a private limited company (BV).
- When was DNF GROUP founded?
- DNF GROUP was founded on 27-06-2019.
- Is DNF GROUP still active?
- Yes, DNF GROUP is an active enterprise in the KBO register.
- How many employees does DNF GROUP have?
- DNF GROUP had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DNF GROUP fall under?
- In its 2025 annual accounts, DNF GROUP states joint committee 336 (Liberal professions).
- What is the turnover of DNF GROUP?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €574,693 and 34 comparable companies (NACE 69201). It probably lies between €870,000 and €1.2m.
- Is DNF GROUP profitable?
- In financial year 2025, DNF GROUP made a profit of €423,428.
- Where can I find the annual accounts of DNF GROUP?
- DNF GROUP filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DNF GROUP due?
- DNF GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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