DNL SYSTEMS
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 22-12-2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222325
2019 to 2025 · latest year €-48k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-03-2026, 48 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
on the day
2023
1 d early
2022
on the day
2021
19 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-48k
2023 · €538k
2019: €296k
2020: €331k
2021: €368k
2022: €472k
2023: €538k
2019 → 2025
Total assets
€568k▼ 70.5%
2023 · €1.92M
2019: €2.31M
2020: €1.98M
2021: €1.73M
2022: €2.06M
2023: €1.92M
2019 → 2025
Net result
€-52k
2023 · €81k
2019: €58k
2020: €36k
2021: €37k
2022: €119k
2023: €81k
2019 → 2025
Working capital
€-93k
2023 · €551k
2019: €435k
2020: €559k
2021: €383k
2022: €563k
2023: €551k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€331k-€368k▲ 11.1%€472k▲ 28.2%€538k▲ 13.9%€-48k
Operating result€-6k-€79k€173k▲ 120%€130k▼ 24.9%€-27k
Net result€36k-€37k▲ 3.3%€119k▲ 223%€81k▼ 32.0%€-52k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-27k in 2025, compared with €130k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €561k
Fixed assets
€483k ▼ 15.7%
Current assets
€78k ▼ 94.2%
Key figures and ratios
EBITDA
€26k▼
2023 · €233k
Cash flow
€1k▼
2023 · €184k
Solvency
-8.5%▼
2023 · 28.0%
Current ratio
0.46▼
2023 · 1.69
Debt to equity
-12.74▼
2023 · 2.57
ROA
-9.1%▼
2023 · 4.2%
Interest coverage
1.06▼
2023 · 10.93
Debt
€616k▼
2023 · €1.38M
Debt ≤ 1 year
€171k▼
2023 · €797k
Debt > 1 year
€445k▼
2023 · €583k
Income taxes
€40▼
2023 · €29k
Staff costs
€0▼
2023 · €26k
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 2023 · 59 lines
Balance sheet
Code20232025
Assets
Total assets20/58€1.92M€568k▼
Formation expenses20-€7k
Fixed assets21/28€573k€483k▼
Tangible fixed assets22/27€573k€483k▼
Land and buildings22€442k€211k▼
Plant, machinery and equipment23€131k€272k▲
Current assets29/58€1.35M€78k▼
Stocks and contracts in progress3€536k-
Stocks30/36€536k-
Amounts receivable within one year40/41€577k€2k▼
Trade receivables40€565k€2k▼
Other amounts receivable41€11k-
Cash at bank and in hand54/58€231k€75k▼
Deferred charges and accrued income490/1€5k€802▼
Equity and liabilities
Total equity and liabilities10/49€1.92M€568k▼
Equity10/15€538k€-48k▼
Contributions10/11€200k€489▼
Reserves13€323k€790▼
Non-distributable reserves130/1€20k€49▼
Reserves not available under the articles1311€20k€49▼
Tax-exempt reserves132€19k€46▼
Distributable reserves133€284k€696▼
Profit (loss) carried forward14€15k€-50k▼
Amounts payable17/49€1.38M€616k▼
Amounts payable after more than one year17€583k€445k▼
Financial debts170/4€583k€445k▼
Amounts payable within one year42/48€797k€171k▼
Current portion of amounts payable after more than one year42€66k€60k▼
Financial debts43€360k-
Credit institutions430/8€360k-
Trade debts44€305k€2k▼
Suppliers440/4€305k€2k▼
Taxes, remuneration and social security45€42k€512▼
Taxes450/3€37k€512▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€24k€109k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20232025
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€26k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€53k▼
Other operating charges640/8€5k€8k▲
Gross operating margin9900€264k€33k▼
Operating profit (loss)9901€130k€-27k▼
Financial income75/76B€816€0▼
Recurring financial income75€816€0▼
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€24k▲
Profit (loss) for the period before taxes9903€110k€-51k▼
Income taxes67/77€29k€40▼
Profit (loss) for the period9904€81k€-52k▼
Profit (loss) for the period to be appropriated9905€81k€-52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€-50k▼
Profit (loss) brought forward from the previous period14P€30k€2k▼
Transfer to equity691/2€81k-
To other reserves6921€81k-
Profit to be distributed694/7€15k-
Directors or managers695€12k-
Employees696€3k-
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
21-01
State Gazette act
RestructuringMerger · Dissolution3 facts ▸
State Gazette act
Restructuring
Merger · Dissolution3 facts ▸
- General meeting, 22-12-2025
- Merger, geruisloze fusie door overneming, 01-07-2025
- Dissolution, 22-12-2025
2025
30-06
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €538k ▲13.9%
5 profitable years in a row build equity to €538k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €119k ▲223%
Operating result €173k, net result €119k, both a record.
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:GVDP+
Recognitions · licences · registrations
Legal Entity Identifier
549300NOXNPHSAYP5L24