DNS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 66 days after the deadline Filed on 5 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555472.
Annual accounts 2025 filed on 05-10-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €647, smaller than the loss of €10,981 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €2,553 |
| Depreciation and write-downs of the year | - | €410 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €410 | - |
| Non-recurring operating charges66A | €1,069 | - | - |
| Gross operating margin9900 | -€9,912 | -€236 | ▲ 97.6% |
| Operating profit (loss)9901 | -€10,981 | -€647 | ▲ 94.1% |
| Financial charges65/66B | €6 | €89 | ▲ 15× |
| Recurring financial charges65 | €6 | €89 | ▲ 15× |
| Profit (loss) for the period before taxes9903 | -€10,987 | -€736 | ▲ 93.3% |
| Profit (loss) for the period9904 | -€10,987 | -€736 | ▲ 93.3% |
| Profit (loss) for the period to be appropriated9905 | -€10,987 | -€736 | ▲ 93.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €18,219 | €17,342 | ▼ 4.8% |
| Fixed assets21/28 | - | €2,143 | - |
| Tangible fixed assets22/27 | - | €2,143 | - |
| Plant, machinery and equipment23 | - | €2,143 | - |
| Current assets29/58 | €18,219 | €15,199 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €866 | €6,221 | ▲ 618% |
| Trade receivables40 | - | €6,000 | - |
| Other amounts receivable41 | €866 | €221 | ▼ 74.5% |
| Cash at bank and in hand54/58 | €17,353 | €8,225 | ▼ 52.6% |
| Deferred charges and accrued income490/1 | - | €754 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €18,219 | €17,342 | ▼ 4.8% |
| Equity10/15 | -€987 | -€1,724 | ▼ 74.5% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€10,987 | -€11,724 | ▼ 6.7% |
| Amounts payable17/49 | €19,206 | €19,065 | ▼ 0.7% |
| Amounts payable within one year42/48 | €19,183 | €19,065 | ▼ 0.6% |
| Trade debts44 | €957 | €335 | ▼ 65.0% |
| Suppliers440/4 | €957 | €335 | ▼ 65.0% |
| Other amounts payable47/48 | €18,226 | €18,730 | ▲ 2.8% |
| Accrued charges and deferred income492/3 | €23 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€10,987 | -€736 | ▲ 93.3% |
| + Depreciation and write-downs630 | - | €410 | - |
| Operating cash flow (approximation) | -€10,987 | -€326 | ▲ 97.0% |
| Change in cash | - | -€9,128 | - |
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, 1,555 companies had the same profile as DNS has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DNS itself: 2.5% 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 1,555 companies, not a prediction for DNS. 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.