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DOVASCO

Active
Public limited companyfounded 200719 yrs activeScheldelindeweg 5, 9052 Gent, BelgiumKBO/BCE: BE 0892.404.651
Summary

DOVASCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €463,617 and a net result of -€12,713. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability32=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.55 in 2023; short-term debt: 20.4% and cash: 9.5% of total assets), and 20.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
79.6%
Return on assets
-2.2%
Age of the figures
21 mo
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 d early
2024
29 d early
2023
16 d early
2022
25 d early
2021
32 d early
2020
17 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 24 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DOVASCO was incorporated on 28 September 2007.1 The registered office was moved to Zwijnaarde in 2026.2 Total assets went from EUR 617,847 in 2018 to EUR 582,174 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-08-2026
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€12,713▼ 0.8%
2023 · -€12,613
Working capital
-€63,473▼ 25.0%
2023 · -€50,760
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€2,639▲ 62.9%-€5,322▼ 102%-€5,608▼ 5.4%-€7,712▼ 37.5%-€7,080▲ 8.2%
Net result-€3,563▲ 55.5%-€6,168▼ 73.1%-€7,044▼ 14.2%-€12,613▼ 79.1%-€12,713▼ 0.8%
Equity€502,155▼ 0.7%€495,987▼ 1.2%€488,943▼ 1.4%€476,330▼ 2.6%€463,617▼ 2.7%
Total assets€607,195▼ 0.4%€601,942▼ 0.9%€596,850▼ 0.8%€589,377▼ 1.3%€582,174▼ 1.2%
Debt€105,040▲ 0.8%€105,954▲ 0.9%€107,907▲ 1.8%€113,047▲ 4.8%€118,557▲ 4.9%
Working capital-€24,935▼ 16.7%-€31,103▼ 24.7%-€38,147▼ 22.6%-€50,760▼ 33.1%-€63,473▼ 25.0%
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2020: -€2,639-€2,639Net result 2020: -€3,563-€3,563Operating result 2021: -€5,322-€5,322Net result 2021: -€6,168-€6,168Operating result 2022: -€5,608-€5,608Net result 2022: -€7,044-€7,044Operating result 2023: -€7,712-€7,712Net result 2023: -€12,613-€12,613Operating result 2024: -€7,080-€7,080Net result 2024: -€12,713-€12,71320202021202220232024-€15,000-€10,000-€5,000€0Operating result 2022: -€5,608-€5,610Net result 2022: -€7,044-€7,040Operating result 2023: -€7,712-€7,710Net result 2023: -€12,613-€12,600Operating result 2024: -€7,080-€7,080Net result 2024: -€12,713-€12,700202220232024
The operating result stays negative: a loss of €7,080 in 2024 against €7,712 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €582,174
Fixed assets €527,090 =
Current assets €55,084 ▼ 11.6%
Equity and liabilities €582,174
Equity €463,617 ▼ 2.7%
Debt €118,557 ▲ 4.9%
Debt's share of the balance-sheet total rises from 19.2% to 20.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.46▼
2023 · 0.55
Debt to equity
0.26▲
2023 · 0.24
ROE
-2.7%▼
2023 · -2.6%
ROA
-2.2%▼
2023 · -2.1%
Debt ≤ 1 year
€118,557▲
2023 · €113,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
5.4% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% 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 2,687 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 · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€589,377€582,174▼
Fixed assets21/28€527,090€527,090=
Tangible fixed assets22/27€527,090€527,090=
Land and buildings22€220,000€220,000=
Other tangible fixed assets26€307,090€307,090=
Current assets29/58€62,287€55,084▼
Cash at bank and in hand54/58€62,287€55,084▼
Equity and liabilities
Total equity and liabilities10/49€589,377€582,174▼
Equity10/15€476,330€463,617▼
Contributions10/11€677,741€677,741=
Capital10€677,741€677,741=
Issued capital100€677,741€677,741=
Reserves13€13€13=
Non-distributable reserves130/1€13€13=
Legal reserve130€13€13=
Profit (loss) carried forward14-€201,425-€214,138▼
Amounts payable17/49€113,047€118,557▲
Amounts payable within one year42/48€113,047€118,557▲
Trade debts44€2,200€2,230▲
Suppliers440/4€2,200€2,230▲
Taxes, remuneration and social security45€187€187=
Taxes450/3€187€187=
Other amounts payable47/48€110,660€116,141▲
Income statement Code20232024
Operating charges60/66A€7,712€7,080▼
Services and other goods61€6,236€5,661▼
Other operating charges640/8€1,475€1,419▼
Operating profit (loss)9901-€7,712-€7,080▲
Financial charges65/66B€4,901€5,633▲
Recurring financial charges65€4,901€5,633▲
Debt charges650€4,753€5,480▲
Other financial charges652/9€149€153▲
Profit (loss) for the period before taxes9903-€12,613-€12,713▼
Profit (loss) for the period9904-€12,613-€12,713▼
Profit (loss) for the period to be appropriated9905-€12,613-€12,713▼
Appropriation of the result
Profit (loss) to be appropriated9906-€201,425-€214,138▼
Profit (loss) brought forward from the previous period14P-€188,812-€201,425▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating charges60/66A-€5,322€5,608€7,712€7,080▼ 8.2%
Services and other goods61-€4,402€4,747€6,236€5,661▼ 9.2%
Other operating charges640/8-€920€862€1,475€1,419▼ 3.8%
Operating profit (loss)9901-€2,639-€5,322-€5,608-€7,712-€7,080▲ 8.2%
Financial charges65/66B-€846€1,436€4,901€5,633▲ 14.9%
Recurring financial charges65€924€846€1,436€4,901€5,633▲ 14.9%
Debt charges650€767€694€1,287€4,753€5,480▲ 15.3%
Other financial charges652/9-€152€149€149€153▲ 2.9%
Profit (loss) for the period before taxes9903-€3,563-€6,168-€7,044-€12,613-€12,713▼ 0.8%
Profit (loss) for the period9904-€3,563-€6,168-€7,044-€12,613-€12,713▼ 0.8%
Profit (loss) for the period to be appropriated9905-€3,563-€6,168-€7,044-€12,613-€12,713▼ 0.8%
Line20202021202220232024Change
Assets
Total assets20/58€607,195€601,942€596,850€589,377€582,174▼ 1.2%
Fixed assets21/28€527,090€527,090€527,090€527,090€527,090=
Tangible fixed assets22/27€527,090€527,090€527,090€527,090€527,090=
Land and buildings22-€220,000€220,000€220,000€220,000=
Other tangible fixed assets26-€307,090€307,090€307,090€307,090=
Current assets29/58€80,105€74,852€69,760€62,287€55,084▼ 11.6%
Amounts receivable within one year40/41€29-----
Cash at bank and in hand54/58€80,076€74,852€69,760€62,287€55,084▼ 11.6%
Equity and liabilities
Total equity and liabilities10/49€607,195€601,942€596,850€589,377€582,174▼ 1.2%
Equity10/15€502,155€495,987€488,943€476,330€463,617▼ 2.7%
Contributions10/11€677,741€677,741€677,741€677,741€677,741=
Capital10-€677,741€677,741€677,741€677,741=
Issued capital100-€677,741€677,741€677,741€677,741=
Reserves13€13€13€13€13€13=
Non-distributable reserves130/1-€13€13€13€13=
Legal reserve130-€13€13€13€13=
Profit (loss) carried forward14-€175,600-€181,767-€188,812-€201,425-€214,138▼ 6.3%
Amounts payable17/49€105,040€105,954€107,907€113,047€118,557▲ 4.9%
Amounts payable within one year42/48€105,040€105,954€107,907€113,047€118,557▲ 4.9%
Trade debts44€980€1,334€2,000€2,200€2,230▲ 1.4%
Suppliers440/4-€1,334€2,000€2,200€2,230▲ 1.4%
Taxes, remuneration and social security45---€187€187=
Taxes450/3---€187€187=
Other amounts payable47/48-€104,620€105,907€110,660€116,141▲ 5.0%
Line20202021202220232024Change
Profit (loss) for the period9904-€3,563-€6,168-€7,044-€12,613-€12,713▼ 0.8%
Operating cash flow (approximation)-€3,563-€6,168-€7,044-€12,613-€12,713▼ 0.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€5,224-€5,092-€7,474-€7,203▲ 3.6%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Registered-office move · Power of attorney5 facts ▸
  • General meeting, 22-06-2026
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Director in office, Paul Eelen (representative)
  • Registered-office move, Scheldelindeweg 5, 9052 Zwijnaarde
  • Power of attorney, Annelies Vanmarcke
25-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€12,713
Net result drops to -€12,713, the lowest in the series.
15-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

Ernst & Young Bedrijfsrevisoren
Statutory auditor · since 04-08-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
16.2 ha
Building footprint
3,512 m²
Parcel 44082B0391/00B002, Flanders. Linked by address, not a title deed.
28 companies at this address See who is registered here
1 establishment unit
Dovasco
Scheldelindeweg 5, 9052 GentNACE 6522204
since 20072.165.625.364
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082B0391/00B002 Flanders 16.2 ha 1 · 3,512 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Ernst & Young Bedrijfsrevisoren
  • Statutory auditor, from 04-08-2026 to date
See the board, name and seat on a given date →

Structure & network

Part of the group DOMO CHEMICALS HOLDING 31 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. DOMO CHEMICALS HOLDING 100%
  2. DOVESCO 99.99%
  3. DOVASCO

Highest known parent: DOMO CHEMICALS HOLDING. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of DOVASCO 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.

Identification & contact

Identification
Legal formPublic limited company
Founded28-09-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0892404651
Also 9925:BE0892404651
Registered 18-04-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.