DOLFISCO
InactiveDOLFISCO was declared bankrupt on 03-04-2025 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 20-11-2025, published in the Belgian State Gazette on 27-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-06-2023, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d early
2021
8 d late
2020
2 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 2 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,462
2021 · -€2,008
Working capital
€38,761▼ 40.6%
2021 · €65,250
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€56,941-€16,801-€11,627€2,562€7,088▲ 177%
Net result-€57,811-€37,331€15,453▼ 58.6%-€2,008€5,462
Equity-€186,782--€149,451▲ 20.0%-€133,998▲ 10.3%-€136,006▼ 1.5%-€130,544▲ 4.0%
Total assets€71,572-€109,350▲ 52.8%€122,688▲ 12.2%€65,396▼ 46.7%€42,306▼ 35.3%
Debt€258,354-€258,801▲ 0.2%€256,686▼ 0.8%€201,402▼ 21.5%€172,850▼ 14.2%
Working capital€52,665-€100,377▲ 90.6%€120,875▲ 20.4%€65,250▼ 46.0%€38,761▼ 40.6%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 177% above 2021.
Key figures and ratios
Solvency
-308.6%▼
2021 · -208.0%
Current ratio
11.93
Debt to equity
-1.32▲
2021 · -1.48
ROA
12.9%▲
2021 · -3.1%
Debt ≤ 1 year
€3,545▲
2021 · €146
Debt > 1 year
€169,305▼
2021 · €201,256
Income taxes
€146▼
2021 · €321
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,232 | €4,231 | €4,232 | - | - | - |
| Other operating charges640/8 | - | - | - | €511 | €448 | ▼ 12.3% |
| Gross operating margin9900 | -€52,307 | -€1,066 | €798 | €3,073 | €7,536 | ▲ 145% |
| Operating profit (loss)9901 | -€56,941 | €16,801 | -€11,627 | €2,562 | €7,088 | ▲ 177% |
| Financial income75/76B | - | - | - | €438 | €811 | ▲ 85.2% |
| Recurring financial income75 | €214 | €250 | €388 | €438 | €811 | ▲ 85.2% |
| Financial charges65/66B | - | - | - | €4,687 | €2,291 | ▼ 51.1% |
| Recurring financial charges65 | €1,084 | €3,119 | €2,607 | €4,687 | €2,291 | ▼ 51.1% |
| Profit (loss) for the period before taxes9903 | -€57,811 | €37,331 | €15,792 | -€1,687 | €5,608 | ▲ 432% |
| Income taxes67/77 | - | - | €339 | €321 | €146 | ▼ 54.5% |
| Profit (loss) for the period9904 | -€57,811 | €37,331 | €15,453 | -€2,008 | €5,462 | ▲ 372% |
| Profit (loss) for the period to be appropriated9905 | -€57,811 | €37,331 | €15,453 | -€2,008 | €5,462 | ▲ 372% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,572 | €109,350 | €122,688 | €65,396 | €42,306 | ▼ 35.3% |
| Fixed assets21/28 | €14,978 | €4,232 | - | - | - | - |
| Tangible fixed assets22/27 | €8,463 | €4,232 | - | - | - | - |
| Financial fixed assets28 | €6,515 | €0 | €0 | - | - | - |
| Current assets29/58 | €56,594 | €105,118 | €122,688 | €65,396 | €42,306 | ▼ 35.3% |
| Amounts receivable within one year40/41 | €43,327 | €33,928 | €9,691 | €37,553 | €24,686 | ▼ 34.3% |
| Trade receivables40 | - | - | - | €24,991 | €8,712 | ▼ 65.1% |
| Other amounts receivable41 | - | - | - | €12,562 | €15,974 | ▲ 27.2% |
| Cash at bank and in hand54/58 | €13,267 | €71,190 | €112,997 | €27,313 | €16,876 | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | - | - | €530 | €744 | ▲ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,572 | €109,350 | €122,688 | €65,396 | €42,306 | ▼ 35.3% |
| Equity10/15 | -€186,782 | -€149,451 | -€133,998 | -€136,006 | -€130,544 | ▲ 4.0% |
| Contributions10/11 | €18,889 | €18,889 | €18,889 | €18,889 | €18,889 | = |
| Reserves13 | €1,889 | €1,889 | €1,889 | €1,889 | €1,889 | = |
| Non-distributable reserves130/1 | - | - | - | €1,889 | €1,889 | = |
| Reserves not available under the articles1311 | - | - | - | €1,889 | €1,889 | = |
| Profit (loss) carried forward14 | -€207,560 | -€170,229 | -€154,776 | -€156,784 | -€151,322 | ▲ 3.5% |
| Amounts payable17/49 | €258,354 | €258,801 | €256,686 | €201,402 | €172,850 | ▼ 14.2% |
| Amounts payable after more than one year17 | €254,425 | €254,060 | €254,873 | €201,256 | €169,305 | ▼ 15.9% |
| Other amounts payable178/9 | - | - | - | €201,256 | €169,305 | ▼ 15.9% |
| Amounts payable within one year42/48 | €3,929 | €4,741 | €1,813 | €146 | €3,545 | ▲ 2,328% |
| Trade debts44 | €1,103 | €2,121 | €279 | - | €413 | - |
| Suppliers440/4 | - | - | - | - | €413 | - |
| Taxes, remuneration and social security45 | - | - | - | €146 | €3,132 | ▲ 2,045% |
| Taxes450/3 | - | - | - | €146 | €3,132 | ▲ 2,045% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,811 | €37,331 | €15,453 | -€2,008 | €5,462 | ▲ 372% |
| + Depreciation and write-downs630 | €4,232 | €4,231 | €4,232 | - | - | - |
| Operating cash flow (approximation) | -€53,579 | €41,562 | €19,685 | -€2,008 | €5,462 | ▲ 372% |
| Investment in fixed assets (approximation) | - | €6,515 | - | - | - | - |
| Change in cash | - | €57,923 | €41,807 | -€85,684 | -€10,437 | ▲ 87.8% |
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
2025
27-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · event 20-11-2025
14-04
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 03-04-2025
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €5,462
Net result €5,462 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Liquidity times 7current ratio 447.92
Current ratio from 67.67 to 447.92; short-term debt falls from €1,813 to €146.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 67.67
Current ratio from 22.17 to 67.67; short-term debt falls from €4,741 to €1,813.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €37,331
Net result €37,331 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER VAN GILS AVENUE REINE ASTRID 10,
1330 RIXENSART |
03-04-2025 → 20-11-2025 |