Summary
Donkey is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €756,914 and a net result of €528,222. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 5565 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
2 d early
2023
20 d early
2022
1 d early
2021
18 d early
2020
8 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€756,914▼ 4.0%
2024 · €788,691
Net result
€528,222▲ 256%
2024 · €148,446
Total assets
€1.2m▲ 4.5%
2024 · €1.2m
Solvency
62.1%▼ 5.5pp
2024 · 67.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€222,779▲ 33.8%€238,537▲ 7.1%€133,204▼ 44.2%€79,059▼ 40.6%-€10,728
Net result€156,201within the sector's middle half▲ 39.8%€165,247above the sector's middle half▲ 5.8%€154,587within the sector's middle half▼ 6.5%€148,446within the sector's middle half▼ 4.0%€528,222above the sector's middle half▲ 256%
Equity€515,211within the sector's middle half▲ 43.5%€680,458above the sector's middle half▲ 32.1%€786,245within the sector's middle half▲ 15.5%€788,691within the sector's middle half▲ 0.3%€756,914within the sector's middle half▼ 4.0%
Total assets€1.1mwithin the sector's middle half▼ 2.8%€1.2mabove the sector's middle half▲ 13.6%€1.3mwithin the sector's middle half▲ 5.8%€1.2mwithin the sector's middle half▼ 9.5%€1.2mwithin the sector's middle half▲ 4.5%
Debt€556,573▼ 25.1%€537,514▼ 3.4%€502,597▼ 6.5%€377,800▼ 24.8%€462,237▲ 22.3%
Working capital-€141,289▲ 20.5%-€47,599▲ 66.3%€60,439€57,010▼ 5.7%€125,424▲ 120%
Solvency48.1%within the sector's middle half▲ 15.5pp55.9%within the sector's middle half▲ 7.8pp61.0%within the sector's middle half▲ 5.1pp67.6%within the sector's middle half▲ 6.6pp62.1%within the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +256% on 2024. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,728 after €79,059 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m =
Current assets
€169,151 ▲ 45.2%
Equity and liabilities €1.2m
Equity
€756,914 ▼ 4.0%
Debt
€462,237 ▲ 22.3%
Debt's share of the balance-sheet total rises from 32.4% to 37.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
69.8%▲
2024 · 18.8%
ROA
43.3%▲
2024 · 12.7%
Debt ≤ 1 year
€43,727▼
2024 · €59,481
Debt > 1 year
€402,995▲
2024 · €315,719
Income taxes
-€659▼
2024 · €20,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €438 | €5,256 | - | - | - |
| Other operating charges640/8 | - | €2,049 | €2,224 | €9,453 | €2,436 | ▼ 74.2% |
| Gross operating margin9900 | €228,733 | €241,024 | €140,685 | €88,512 | -€8,292 | ▼ 109% |
| Operating profit (loss)9901 | €222,779 | €238,537 | €133,204 | €79,059 | -€10,728 | ▼ 114% |
| Financial income75/76B | - | €64,000 | €64,017 | €96,000 | €562,415 | ▲ 486% |
| Recurring financial income75 | - | €64,000 | €64,017 | €96,000 | €562,415 | ▲ 486% |
| Financial charges65/66B | - | €97,290 | €9,447 | €6,347 | €24,124 | ▲ 280% |
| Recurring financial charges65 | €9,475 | €97,290 | €9,447 | €6,347 | €24,124 | ▲ 280% |
| Profit (loss) for the period before taxes9903 | €213,304 | €205,247 | €187,774 | €168,712 | €527,563 | ▲ 213% |
| Income taxes67/77 | €57,103 | €40,000 | €33,188 | €20,266 | -€659 | ▼ 103% |
| Profit (loss) for the period9904 | €156,201 | €165,247 | €154,587 | €148,446 | €528,222 | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | €156,201 | €165,247 | €154,587 | €148,446 | €528,222 | ▲ 256% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.3m | €1.2m | €1.2m | ▲ 4.5% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Tangible fixed assets22/27 | - | €16,988 | €11,732 | - | - | - |
| Furniture and vehicles24 | - | €16,988 | €11,732 | - | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €21,785 | €150,984 | €227,110 | €116,491 | €169,151 | ▲ 45.2% |
| Amounts receivable within one year40/41 | €2,897 | €123,652 | €115,507 | €45,987 | €120,850 | ▲ 163% |
| Trade receivables40 | - | €39,652 | €25,507 | €24,947 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €84,000 | €90,000 | €21,041 | €120,850 | ▲ 474% |
| Cash at bank and in hand54/58 | €18,888 | €27,332 | €111,603 | €70,504 | €46,686 | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,615 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.3m | €1.2m | €1.2m | ▲ 4.5% |
| Equity10/15 | €515,211 | €680,458 | €786,245 | €788,691 | €756,914 | ▼ 4.0% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €471,860 | €601,860 | €746,860 | €751,860 | €738,314 | ▼ 1.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €600,000 | €745,000 | €750,000 | €738,314 | ▼ 1.6% |
| Profit (loss) carried forward14 | €30,951 | €66,198 | €20,785 | €18,231 | €0 | ▼ 100% |
| Amounts payable17/49 | €556,573 | €537,514 | €502,597 | €377,800 | €462,237 | ▲ 22.3% |
| Amounts payable after more than one year17 | €393,500 | €335,715 | €332,781 | €315,719 | €402,995 | ▲ 27.6% |
| Financial debts170/4 | - | €335,715 | €332,781 | €315,719 | €402,995 | ▲ 27.6% |
| Amounts payable within one year42/48 | €163,073 | €198,583 | €166,671 | €59,481 | €43,727 | ▼ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €49,703 | €50,294 | €25,371 | €0 | ▼ 100% |
| Financial debts43 | - | €50,000 | €50,000 | €33,309 | €13,465 | ▼ 59.6% |
| Credit institutions430/8 | - | €50,000 | €50,000 | €33,309 | €13,465 | ▼ 59.6% |
| Trade debts44 | €11,346 | €1,734 | €4,663 | - | €263 | - |
| Suppliers440/4 | - | €1,734 | €4,663 | - | €263 | - |
| Taxes, remuneration and social security45 | - | €35,394 | €11,465 | €800 | €0 | ▼ 100% |
| Taxes450/3 | - | €35,394 | €11,465 | €800 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €61,751 | €50,248 | - | €30,000 | - |
| Accrued charges and deferred income492/3 | - | €3,216 | €3,145 | €2,600 | €15,515 | ▲ 497% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €156,201 | €165,247 | €154,587 | €148,446 | €528,222 | ▲ 256% |
| + Depreciation and write-downs630 | - | €438 | €5,256 | - | - | - |
| Operating cash flow (approximation) | €156,201 | €165,685 | €159,843 | €148,446 | €528,222 | ▲ 256% |
| Investment in fixed assets (approximation) | - | -€17,426 | €0 | €11,732 | €0 | ▼ 100% |
| Change in cash | - | €8,444 | €84,271 | -€41,099 | -€23,818 | ▲ 42.0% |
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
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €528,222 ▲256%
Net result €528,222, the highest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €500,000Eq €515,211 ▲43.5%
3 profitable years in a row build equity to €515,211.
23-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Registered office, Sint-Lievens-Houtem · 1 establishment unit since 2014
Ground area
1.2 ha
Building footprint
3,708 m²
Volume, LiDAR
24,125 m³
2 parcels, Flanders · tallest building 24.2 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
DONKEY
since 20142.240.758.990
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41072C0063/00Y003 | Flanders | 1.1 ha | 1 · 3,510 m² | 8.9 m · 2 fl. |
| 11049C0131/00M002 | Flanders | 1,755 m² | 1 · 198 m² | 24.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
Highest known parent: Vectis Private Equity IV. The sources do not say who stands above it.
Owners 1
-
100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 1
-
27.85%
According to the 2025 annual accounts of Donkey and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506945061
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.