DONDES
ActiveSummary
DONDES has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €80,033, of which €220,226 non-recurring income. Equity has been shrinking by about 3.5% per year since 2018. Its solvency ranks better than 44% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-12-1997 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
- Establishment unit
- 2.101.220.136 9890 Gavere, since 20-02-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 27-09-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €307,211
- ▲ 238%
- Turnover
- ≈ €340,000
- estimated
- Profit
- €80,033
- Equity
- €1.3m
- ▲ 6.6%
- Total assets
- €5.1m
- ▲ 3.2%
- 2025 accounts filed 45 days after the deadline
Score breakdownraises riskLast filed accounts filed 45 days late; 1 of the last 3 accounts latelowers riskSize: total assets €5.1mFigures for financial year 2025 (filed on 14-09-2026)Founded in 1997Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 45% of them on solvency, 91% on liquidity, 74% on profitability and 67% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 45 days after the deadline Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512227.
Annual accounts 2025 filed on 14-09-2026 at the NBB all 28 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €93,474, after a loss of €206,898 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €273,018 | €59,263 | €77,322 | €1.3m | €253,896 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €166,501 | €176,087 | €190,570 | €200,944 | €191,325 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as DONDES: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €4.6m and €6.2m, founded between 1994 and 1999.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| DONDES Gavere | 1997 | €5.1m | €1.3m | €0.3m | - | €0.08m | - | 2025 |
| MAPE INVEST Erpe-Mere | 1999 | €5.3m | €5.2m | €0.3m | - | €0.2m | - | 2025 |
| KLF - INVEST Sint-Niklaas | 1994 | €6.2m | €1.4m | €0.3m | - | -€0.07m | - | 2025 |
| BJYC INVEST Ukkel | 1997 | €4.7m | €0.2m | €0.3m | - | -€6.3m | 0.4 | 2025 |
| OPTIFIN Antwerpen | 1996 | €5.0m | €3.2m | €0.3m | €0.3m | - | 2 | 2025 |
| MIEKO Brasschaat | 1997 | €4.6m | €3.7m | €0.3m | - | €0.09m | - | 2025 |
| TDF Immobilière Herve | 1995 | €5.5m | €1.2m | €0.3m | - | €0.04m | - | 2025 |
They were chosen from the 6,620 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 4,685 companies had the same profile as DONDES has now. Two years later, 1.1% had gone bankrupt and 96.9% were still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
The bankruptcy probability of DONDES itself is lower: < 0.1% within 12 months. It rests on far more data about DONDES than the profile alone.
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 4,685 companies, not a prediction for DONDES. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €220,226 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,489 | €118,792 | €133,668 | €166,501 | €176,087 | €190,570 | €200,944 | €191,325 | ▼ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,304 | €10,304 | - | - | €614 | - |
| Other operating charges640/8 | - | - | - | €6,814 | €3,829 | €7,686 | €9,509 | €21,799 | ▲ 129% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | €87,360 | €0 | ▼ 100% |
| Gross operating margin9900 | €90,831 | €126,242 | €70,393 | €94,649 | €135,700 | €237,693 | €90,915 | €307,211 | ▲ 238% |
| Operating profit (loss)9901 | -€44,544 | -€13,241 | -€81,185 | -€88,971 | -€54,520 | €39,437 | -€206,898 | €93,474 | - |
| Financial income75/76B | - | - | - | €0 | €0 | €94 | €12,812 | €9,618 | ▼ 24.9% |
| Recurring financial income75 | €180 | €0 | €1,958 | €0 | €0 | €94 | €12,812 | €9,618 | ▼ 24.9% |
| Financial charges65/66B | - | - | - | €13,409 | €6,247 | €5,692 | €3,549 | €23,946 | ▲ 575% |
| Recurring financial charges65 | €5,438 | €6,370 | €5,607 | €13,409 | €6,247 | €5,692 | €3,549 | €23,946 | ▲ 575% |
| Profit (loss) for the period before taxes9903 | -€49,802 | -€19,611 | -€84,834 | -€102,380 | -€60,767 | €33,839 | -€197,634 | €79,147 | - |
| Transfer from deferred taxes780 | - | - | - | €1,201 | €1,201 | €1,201 | €1,201 | €1,201 | = |
| Income taxes67/77 | €0 | - | €365 | €462 | €3,051 | €1,686 | €450 | €314 | ▼ 30.1% |
| Profit (loss) for the period9904 | -€49,802 | -€40,631 | -€83,783 | -€101,641 | -€62,617 | €33,354 | -€196,883 | €80,033 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €3,603 | €3,603 | €3,603 | €3,603 | €3,603 | = |
| Profit (loss) for the period to be appropriated9905 | -€49,802 | -€92,010 | -€80,231 | -€98,038 | -€59,015 | €36,957 | -€193,281 | €83,635 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.3m | €3.2m | €3.9m | €4.0m | €3.9m | €3.8m | €5.0m | €5.1m | ▲ 3.2% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €3.2m | €3.0m | €3.8m | €3.9m | €3.8m | €3.7m | €4.8m | €4.5m | ▼ 5.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €3.2m | €3.0m | €3.8m | €3.9m | €3.8m | €3.7m | €4.8m | €4.5m | ▼ 5.3% |
| Land and buildings22 | - | - | - | €3.9m | €3.8m | €3.6m | €4.6m | €4.3m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | - | €0.007m | €0.04m | €0.04m | €0.04m | ▲ 16.4% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.04m | €0.09m | €0.07m | €0.1m | ▲ 63.5% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €0.03m | €0.1m | €0.1m | €0.04m | €0.09m | €0.1m | €0.2m | €0.6m | ▲ 182% |
| Amounts receivable after more than one year29 | - | - | - | €30 | €30 | €30 | €30 | €30 | = |
| Trade receivables290 | - | - | - | €30 | €30 | €30 | €30 | €30 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1 | €1 | €381 | €0 | €0.001m | €0.003m | €0.005m | €0.006m | ▲ 17.5% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.003m | €0.002m | €0.002m | ▲ 9.1% |
| Other amounts receivable41 | - | - | - | €0 | - | €0.001m | €0.003m | €0.004m | ▲ 22.6% |
| Current investments50/53 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.1m | €0.008m | €0.02m | ▲ 121% |
| Cash at bank and in hand54/58 | €0.009m | €0.1m | €0.1m | €0.04m | €0.08m | €0.003m | €0.2m | €0.6m | ▲ 200% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | €0.004m | €0.009m | €0.004m | ▼ 62.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.3m | €3.2m | €3.9m | €4.0m | €3.9m | €3.8m | €5.0m | €5.1m | ▲ 3.2% |
| Equity10/15 | €1.2m | €1.6m | €1.5m | €1.4m | €1.4m | €1.4m | €1.2m | €1.3m | ▲ 6.6% |
| Contributions10/11 | €1.1m | €1.6m | €0 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Contributions outside capital11 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Other1109/19 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Revaluation surpluses12 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.001m | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 10.5% |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 10.5% |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.3m | -€0.4m | -€0.5m | -€0.4m | -€0.6m | -€0.6m | ▲ 13.1% |
| Provisions and deferred taxes16 | €301 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 8.0% |
| Deferred taxes168 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 8.0% |
| Amounts payable17/49 | €2.1m | €1.5m | €2.4m | €2.5m | €2.5m | €2.4m | €3.8m | €3.8m | ▲ 2.2% |
| Amounts payable after more than one year17 | €2.0m | €1.5m | €2.4m | €2.5m | €2.5m | €2.4m | €3.7m | €3.7m | ▼ 0.5% |
| Financial debts170/4 | - | - | - | - | - | - | €0.7m | €0.6m | ▼ 10.8% |
| Other amounts payable178/9 | - | - | - | €2.5m | €2.5m | €2.4m | €3.0m | €3.1m | ▲ 1.9% |
| Amounts payable within one year42/48 | €0.006m | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 414% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.09m | - |
| Trade debts44 | €305 | €0.009m | €0 | €0.004m | €0.006m | €0.002m | €0.006m | €0.01m | ▲ 89.0% |
| Suppliers440/4 | - | - | - | €0.004m | €0.006m | €0.002m | €0.006m | €0.01m | ▲ 89.0% |
| Taxes, remuneration and social security45 | - | - | - | €461 | €491 | €0.002m | €0.006m | €0.009m | ▲ 37.0% |
| Taxes450/3 | - | - | - | €461 | €491 | €0.002m | €0.006m | €0.009m | ▲ 37.0% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.001m | €312 | ▼ 70.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | -€0.04m | -€0.08m | -€0.1m | -€0.06m | €0.03m | -€0.2m | €0.08m | - |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.8% |
| Operating cash flow (approximation) | €0.08m | €0.08m | €0.05m | €0.06m | €0.1m | €0.2m | €0.004m | €0.3m | ▲ 67× |
| Investment in fixed assets (approximation) | - | €0.09m | -€0.9m | -€0.3m | -€0.06m | -€0.09m | -€1.3m | €0.06m | - |
| Change in cash | - | €0.1m | -€0.02m | -€0.06m | €0.04m | -€0.08m | €0.2m | €0.4m | ▲ 103% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-09-2026 | 2026-00512227 | NBB |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00414087 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00434620 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00432705 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20224877 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-39000347 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57200588 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57500303 | |
| 31-12-2017 | abbreviated format | 21-08-2018 | 2018-47600054 | |
| 31-12-2016 | abbreviated format | 01-08-2017 | 2017-39600375 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
DONDES shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DONDES. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44016B0976/00F000 | Flanders | 1,744 m² | 1 · 189 m² | 11.0 m · 2 |