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DO IT DIFFERENT

Active
Public limited companyfounded 1990active for 36 yearsRue de Happeau 12, 1315 Incourt, BelgiumKBO/BCE: BE 0440.517.778
Summary

DO IT DIFFERENT has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484,214 and a net result of -€29,009. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, abbreviated format

Equity
€484,214▼ 5.7%
2024 · €513,223
Total assets
€942,897▼ 3.8%
2024 · €979,935
Net result
-€29,009▼ 44.2%
2024 · -€20,118
Working capital
€23,600▲ 50.6%
2024 · €15,672
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €35,762 in 2025 against €24,617 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€35,762 2025 Net result-€29,009 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€2,113-€5,645-€2,724-€3,020▼ 10.9%-€6,295▼ 108%€653,685-€24,617-€35,762▼ 45.3%
Net result-€4,839-€3,548-€3,427-€4,523▼ 32.0%-€8,604▼ 90.2%€471,321-€20,118-€29,009▼ 44.2%
Equity€75,026-€78,573▲ 4.7%€75,146▼ 4.4%€70,623▼ 6.0%€62,020▼ 12.2%€533,341▲ 760%€513,223▼ 3.8%€484,214▼ 5.7%
Total assets€105,223-€91,549▼ 13.0%€84,774▼ 7.4%€81,818▼ 3.5%€74,960▼ 8.4%€914,346▲ 1,120%€979,935▲ 7.2%€942,897▼ 3.8%
Debt€30,197-€12,976▼ 57.0%€9,628▼ 25.8%€11,194▲ 16.3%€12,940▲ 15.6%€201,732▲ 1,459%€292,293▲ 44.9%€291,231▼ 0.4%
Working capital-€15,976--€8,179▲ 48.8%-€6,676▲ 18.4%-€10,141▼ 51.9%-€11,283▼ 11.3%€25,866€15,672▼ 39.4%€23,600▲ 50.6%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €942,897
Fixed assets €913,744 ▼ 3.4%
Current assets €29,152 ▼ 14.4%
Equity and liabilities €942,897
Equity €484,214 ▼ 5.7%
Provisions €167,452 ▼ 4.0%
Debt €291,231 ▼ 0.4%
Debt's share of the balance-sheet total rises from 29.8% to 30.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,637▼
2024 · -€3,419
Cash flow
€3,116▲
2024 · €1,081
Current ratio
5.25▲
2024 · 1.85
Debt to equity
0.60▲
2024 · 0.57
ROE
-6.0%▼
2024 · -3.9%
ROA
-3.1%▼
2024 · -2.1%
Interest coverage
-16.97▲
2024 · -18.84
Debt ≤ 1 year
€5,552▼
2024 · €18,393
Debt > 1 year
€285,679▲
2024 · €273,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,617 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€979,935€942,897▼
Fixed assets21/28€945,870€913,744▼
Tangible fixed assets22/27€945,270€913,144▼
Land and buildings22€758,362€739,210▼
Plant, machinery and equipment23€178,560€166,586▼
Furniture and vehicles24€8,348€7,348▼
Financial fixed assets28€600€600=
Current assets29/58€34,065€29,152▼
Amounts receivable within one year40/41€30,806€28,977▼
Trade receivables40€30,448€28,977▼
Other amounts receivable41€358-
Cash at bank and in hand54/58€3,073€43▼
Deferred charges and accrued income490/1€186€132▼
Equity and liabilities
Total equity and liabilities10/49€979,935€942,897▼
Equity10/15€513,223€484,214▼
Contributions10/11€68,224€68,224=
Capital10€68,224€68,224=
Issued capital100€124,000€124,000=
Uncalled capital101€55,776€55,776=
Reserves13€535,656€514,755▼
Non-distributable reserves130/1€12,400€12,400=
Legal reserve130€12,400€12,400=
Tax-exempt reserves132€523,256€502,355▼
Profit (loss) carried forward14-€90,656-€98,765▼
Provisions and deferred taxes16€174,419€167,452▼
Deferred taxes168€174,419€167,452▼
Amounts payable17/49€292,293€291,231▼
Amounts payable after more than one year17€273,900€285,679▲
Other amounts payable178/9€273,900€285,679▲
Amounts payable within one year42/48€18,393€5,552▼
Trade debts44€8,884€3,990▼
Suppliers440/4€8,884€3,990▼
Taxes, remuneration and social security45€173€173=
Taxes450/3€173€173=
Other amounts payable47/48€9,336€1,389▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,198€32,125▲
Other operating charges640/8€972€1,601▲
Gross operating margin9900-€2,447-€2,035▲
Operating profit (loss)9901-€24,617-€35,762▼
Financial charges65/66B€181€214▲
Recurring financial charges65€181€214▲
Profit (loss) for the period before taxes9903-€24,799-€35,976▼
Transfer from deferred taxes780€4,854€6,967▲
Income taxes67/77€173-
Profit (loss) for the period9904-€20,118-€29,009▼
Transfer from tax-exempt reserves789€14,563€20,901▲
Profit (loss) for the period to be appropriated9905-€5,555-€8,109▼
Appropriation of the result
Profit (loss) to be appropriated9906-€90,656-€98,765▼
Profit (loss) brought forward from the previous period14P-€85,102-€90,656▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,157€7,075€7,130€7,048€7,254€92,139€21,198€32,125▲ 51.5%
Other operating charges640/8---€884€834€903€972€1,601▲ 64.7%
Non-recurring operating charges66A-----€19,750---
Gross operating margin9900€9,881€13,894€5,094€4,912€1,793€766,477-€2,447-€2,035▲ 16.8%
Operating profit (loss)9901-€2,113€5,645-€2,724-€3,020-€6,295€653,685-€24,617-€35,762▼ 45.3%
Financial income75/76B---€26-----
Recurring financial income75€868--€26-----
Financial charges65/66B---€1,412€2,160€2,926€181€214▲ 18.1%
Recurring financial charges65€3,301€1,980€587€1,412€2,160€2,926€181€214▲ 18.1%
Profit (loss) for the period before taxes9903-€4,547€3,664-€3,311-€4,406-€8,454€650,759-€24,799-€35,976▼ 45.1%
Transfer from deferred taxes780-----€21,099€4,854€6,967▲ 43.5%
Transfer to deferred taxes680-----€200,372---
Income taxes67/77€292€117€116€117€149€164€173--
Profit (loss) for the period9904-€4,839€3,548-€3,427-€4,523-€8,604€471,321-€20,118-€29,009▼ 44.2%
Transfer from tax-exempt reserves789-----€63,298€14,563€20,901▲ 43.5%
Transfer to tax-exempt reserves689-----€601,117---
Profit (loss) for the period to be appropriated9905-€4,839€3,548-€3,427-€4,523-€8,604-€66,498-€5,555-€8,109▼ 46.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€105,223€91,549€84,774€81,818€74,960€914,346€979,935€942,897▼ 3.8%
Fixed assets21/28€92,590€87,676€82,622€80,764€73,511€853,590€945,870€913,744▼ 3.4%
Tangible fixed assets22/27€92,590€87,676€82,622€80,764€73,511€853,590€945,270€913,144▼ 3.4%
Land and buildings22---€80,764€73,511€777,513€758,362€739,210▼ 2.5%
Plant, machinery and equipment23------€178,560€166,586▼ 6.7%
Furniture and vehicles24-----€9,348€8,348€7,348▼ 12.0%
Assets under construction and advance payments27-----€66,728---
Financial fixed assets28------€600€600=
Current assets29/58€12,633€3,873€2,152€1,053€1,449€60,757€34,065€29,152▼ 14.4%
Amounts receivable within one year40/41€12,199€1,770€54€835-€26,746€30,806€28,977▼ 5.9%
Trade receivables40-----€23,822€30,448€28,977▼ 4.8%
Other amounts receivable41---€835-€2,924€358--
Cash at bank and in hand54/58-€1,665€2,049-€1,449€33,955€3,073€43▼ 98.6%
Deferred charges and accrued income490/1---€219-€55€186€132▼ 29.1%
Equity and liabilities
Total equity and liabilities10/49€105,223€91,549€84,774€81,818€74,960€914,346€979,935€942,897▼ 3.8%
Equity10/15€75,026€78,573€75,146€70,623€62,020€533,341€513,223€484,214▼ 5.7%
Contributions10/11€68,224€68,224€68,224€68,224€68,224€68,224€68,224€68,224=
Capital10---€68,224€68,224€68,224€68,224€68,224=
Issued capital100---€124,000€124,000€124,000€124,000€124,000=
Uncalled capital101---€55,776€55,776€55,776€55,776€55,776=
Reserves13€12,400€12,400€12,400€12,400€12,400€550,219€535,656€514,755▼ 3.9%
Non-distributable reserves130/1---€12,400€12,400€12,400€12,400€12,400=
Legal reserve130---€12,400€12,400€12,400€12,400€12,400=
Tax-exempt reserves132-----€537,819€523,256€502,355▼ 4.0%
Profit (loss) carried forward14-€5,598-€2,051-€5,478-€10,001-€18,604-€85,102-€90,656-€98,765▼ 8.9%
Provisions and deferred taxes16-----€179,273€174,419€167,452▼ 4.0%
Deferred taxes168-----€179,273€174,419€167,452▼ 4.0%
Amounts payable17/49€30,197€12,976€9,628€11,194€12,940€201,732€292,293€291,231▼ 0.4%
Amounts payable after more than one year17-----€166,100€273,900€285,679▲ 4.3%
Other amounts payable178/9-----€166,100€273,900€285,679▲ 4.3%
Amounts payable within one year42/48€28,609€12,052€8,828€11,194€12,732€34,891€18,393€5,552▼ 69.8%
Financial debts43---€8,653-----
Credit institutions430/8---€8,653-----
Trade debts44€5,546€2,457€3,532€2,103€3,231€26,519€8,884€3,990▼ 55.1%
Suppliers440/4---€2,103€3,231€26,519€8,884€3,990▼ 55.1%
Taxes, remuneration and social security45---€439€809€314€173€173=
Taxes450/3---€439€809€314€173€173=
Other amounts payable47/48----€8,693€8,058€9,336€1,389▼ 85.1%
Accrued charges and deferred income492/3----€208€742---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€4,839€3,548-€3,427-€4,523-€8,604€471,321-€20,118-€29,009▼ 44.2%
+ Depreciation and write-downs630€10,157€7,075€7,130€7,048€7,254€92,139€21,198€32,125▲ 51.5%
Operating cash flow (approximation)€5,318€10,623€3,703€2,525-€1,350€563,460€1,081€3,116▲ 188%
Investment in fixed assets (approximation)--€2,162-€2,076-€5,191€0-€872,218-€113,478€0-
Change in cash--€384--€32,506-€30,883-€3,029▲ 90.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 19-06-2026 2026-00177255
31-12-2024 micro format 20-06-2025 2025-00157374
31-12-2023 micro format 05-07-2024 2024-00229168
31-12-2022 micro format 23-06-2023 2023-00152489
31-12-2021 micro format 24-06-2022 2022-20088551
31-12-2020 micro format 02-07-2021 2021-29000379
31-12-2019 micro format 26-06-2020 2020-20700372
31-12-2018 micro format 21-06-2019 2019-20400389
31-12-2017 micro format 29-06-2018 2018-24600482
31-12-2016 micro format 16-06-2017 2017-17600048

Show all 35 filings

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