Summary
DOVESCO 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 €45.6m and a net result of -€6.5m. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 72% of 2445 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 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 filingsring = median in the sector
This company filed its last 7 accounts on average 22 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 (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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€45.6m▼ 12.5%
2024 · €52.1m
Net result
-€6.5m
2024 · €2.7m
Total assets
€54.3m▼ 5.7%
2024 · €57.6m
Solvency
84.0%▼ 6.5pp
2024 · 90.5%
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
Turnover€166,721▲ 1.0%€184,918▲ 10.9%€186,163▲ 0.7%€227,760▲ 22.3%€343,431▲ 50.8%
Operating result-€1.1m-€2.8m▼ 150%-€2.1m▲ 25.5%-€13,485▲ 99.4%-€4,453▲ 67.0%
Net result€971,913above the sector's middle half€25.4mabove the sector's middle half▲ 2,510%€1.4mabove the sector's middle half▼ 94.6%€2.7mabove the sector's middle half▲ 93.2%-€6.5mbelow the sector's middle half
Equity€63.9mabove the sector's middle half▲ 1.5%€89.3mabove the sector's middle half▲ 39.7%€90.6mabove the sector's middle half▲ 1.5%€52.1mabove the sector's middle half▼ 42.5%€45.6mabove the sector's middle half▼ 12.5%
Total assets€65.1mabove the sector's middle half▲ 1.0%€91.2mabove the sector's middle half▲ 40.1%€92.8mabove the sector's middle half▲ 1.8%€57.6mabove the sector's middle half▼ 37.9%€54.3mabove the sector's middle half▼ 5.7%
Debt€1.2m▼ 0.7%€1.9m▲ 61.5%€2.2m▲ 12.8%€5.5m▲ 151%€8.7m▲ 58.7%
Working capital€28.6mabove the sector's middle half▲ 2.3%€58.5mabove the sector's middle half▲ 105%€61.8mabove the sector's middle half▲ 5.7%€23.1mabove the sector's middle half▼ 62.6%€20.6mabove the sector's middle half▼ 10.9%
Solvency98.2%above the sector's middle half▲ 0.5pp97.9%above the sector's middle half▼ 0.3pp97.6%above the sector's middle half▼ 0.2pp90.5%above the sector's middle half▼ 7.2pp84.0%within the sector's middle half▼ 6.5pp
Current ratio24.78above the sector's middle half▲ 0.7131.14above the sector's middle half▲ 6.3529.22above the sector's middle half▼ 1.925.21above the sector's middle half▼ 24.013.36above the sector's middle half▼ 1.84
Return on assets (ROA)1.5%within the sector's middle half▲ 1.9pp27.8%above the sector's middle half▲ 26.3pp1.5%within the sector's middle half▼ 26.3pp4.6%within the sector's middle half▲ 3.1pp-12.0%below the sector's middle half▼ 16.6pp
Staff (FTE)
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,453 in 2025 against €13,485 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54.3m
Fixed assets
€25.0m ▼ 13.7%
Current assets
€29.3m ▲ 2.5%
Equity and liabilities €54.3m
Equity
€45.6m ▼ 12.5%
Debt
€8.7m ▲ 58.7%
Debt's share of the balance-sheet total rises from 9.5% to 16.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-14.2%▼
2024 · 5.1%
Debt ≤ 1 year
€8.7m▲
2024 · €5.5m
Income taxes
€763,323▲
2024 · €320,643
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €249,909 | €184,918 | €186,163 | €227,901 | €361,733 | ▲ 58.7% |
| Turnover70 | €166,721 | €184,918 | €186,163 | €227,760 | €343,431 | ▲ 50.8% |
| Other operating income74 | - | - | - | €141 | €18,302 | ▲ 12,893% |
| Non-recurring operating income76A | €83,188 | - | - | - | - | - |
| Operating charges60/66A | €1.4m | €3.0m | €2.3m | €241,386 | €366,186 | ▲ 51.7% |
| Services and other goods61 | €1.1m | €2.5m | €1.9m | €234,099 | €366,042 | ▲ 56.4% |
| Remuneration, social security and pensions62 | €280 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,951 | €12,951 | €12,915 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€311,347 | - | - | - | - | - |
| Other operating charges640/8 | €281,381 | €505,188 | €422,234 | €7,286 | €144 | ▼ 98.0% |
| Non-recurring operating charges66A | €311,347 | - | - | - | - | - |
| Operating profit (loss)9901 | -€1.1m | -€2.8m | -€2.1m | -€13,485 | -€4,453 | ▲ 67.0% |
| Financial income75/76B | €2.1m | €28.3m | €3.5m | €3.0m | €3.0m | ▼ 0.3% |
| Recurring financial income75 | €2.1m | €1.6m | €2.5m | €3.0m | €3.0m | ▼ 0.3% |
| Income from financial fixed assets750 | - | - | - | €1 | - | - |
| Income from current assets751 | €2.1m | €1.6m | €2.5m | €2.2m | €3.0m | ▲ 36.1% |
| Other financial income752/9 | - | - | - | €803,455 | €789 | ▼ 99.9% |
| Non-recurring financial income76B | - | €26.6m | €967,218 | - | - | - |
| Financial charges65/66B | €28,447 | €51,496 | €646 | €10,048 | €8.7m | ▲ 86,680% |
| Recurring financial charges65 | €28,447 | €39,502 | €646 | €10,048 | €199,974 | ▲ 1,890% |
| Debt charges650 | €6,928 | - | - | €9,347 | €199,232 | ▲ 2,031% |
| Other financial charges652/9 | €21,519 | €39,502 | €646 | €701 | €742 | ▲ 5.8% |
| Non-recurring financial charges66B | - | €11,994 | - | - | €8.5m | - |
| Profit (loss) for the period before taxes9903 | €971,913 | €25.4m | €1.4m | €3.0m | -€5.7m | ▼ 293% |
| Income taxes67/77 | - | - | €884 | €320,643 | €763,323 | ▲ 138% |
| Taxes670/3 | - | - | €884 | €320,643 | €763,323 | ▲ 138% |
| Profit (loss) for the period9904 | €971,913 | €25.4m | €1.4m | €2.7m | -€6.5m | ▼ 345% |
| Profit (loss) for the period to be appropriated9905 | €971,913 | €25.4m | €1.4m | €2.7m | -€6.5m | ▼ 345% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65.1m | €91.2m | €92.8m | €57.6m | €54.3m | ▼ 5.7% |
| Fixed assets21/28 | €35.3m | €30.8m | €28.9m | €29.0m | €25.0m | ▼ 13.7% |
| Tangible fixed assets22/27 | €25,866 | €12,915 | - | - | - | - |
| Furniture and vehicles24 | €25,866 | €12,915 | - | - | - | - |
| Financial fixed assets28 | €35.3m | €30.8m | €28.9m | €29.0m | €25.0m | ▼ 13.7% |
| Affiliated companies280/1 | €17.6m | €9.1m | €6.8m | €6.8m | €2.8m | ▼ 58.3% |
| Participating interests280 | €16.9m | €8.3m | €5.9m | €5.9m | €1.9m | ▼ 67.6% |
| Amounts receivable281 | €684,736 | €821,037 | €853,879 | €888,034 | €923,555 | ▲ 4.0% |
| Companies linked by participating interests282/3 | €17.8m | €17.8m | €17.8m | €17.8m | €17.8m | = |
| Participating interests282 | €17.8m | €17.8m | €17.8m | €17.8m | €17.8m | = |
| Other financial fixed assets284/8 | - | €3.9m | €4.3m | €4.4m | €4.4m | = |
| Shares284 | - | €3.9m | €4.3m | €4.4m | €4.4m | = |
| Current assets29/58 | €29.8m | €60.4m | €64.0m | €28.6m | €29.3m | ▲ 2.5% |
| Amounts receivable after more than one year29 | €17.0m | €15.6m | €17.6m | €25.5m | €27.0m | ▲ 6.2% |
| Other amounts receivable291 | €17.0m | €15.6m | €17.6m | €25.5m | €27.0m | ▲ 6.2% |
| Amounts receivable within one year40/41 | €660,239 | €734,709 | €937,224 | €1.1m | €1.2m | ▲ 2.9% |
| Trade receivables40 | €2,082 | €22,001 | €147,282 | €302,542 | €579,038 | ▲ 91.4% |
| Other amounts receivable41 | €658,156 | €712,708 | €789,942 | €825,607 | €582,004 | ▼ 29.5% |
| Current investments50/53 | - | - | €37.5m | - | - | - |
| Other investments51/53 | - | - | €37.5m | - | - | - |
| Cash at bank and in hand54/58 | €11.5m | €43.7m | €7.4m | €769,590 | €283,736 | ▼ 63.1% |
| Deferred charges and accrued income490/1 | €648,897 | €448,621 | €635,295 | €1.2m | €822,750 | ▼ 33.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65.1m | €91.2m | €92.8m | €57.6m | €54.3m | ▼ 5.7% |
| Equity10/15 | €63.9m | €89.3m | €90.6m | €52.1m | €45.6m | ▼ 12.5% |
| Contributions10/11 | €61.2m | €61.2m | €61.2m | €20.0m | €20.0m | = |
| Capital10 | €61.2m | €61.2m | €61.2m | €20.0m | €20.0m | = |
| Issued capital100 | €75.0m | €75.0m | €75.0m | €20.0m | €20.0m | = |
| Uncalled capital101 | €13.8m | €13.8m | €13.8m | - | - | - |
| Reserves13 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Non-distributable reserves130/1 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Legal reserve130 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Profit (loss) carried forward14 | €240,530 | €25.6m | €27.0m | €29.6m | €23.1m | ▼ 21.9% |
| Amounts payable17/49 | €1.2m | €1.9m | €2.2m | €5.5m | €8.7m | ▲ 58.7% |
| Amounts payable within one year42/48 | €1.2m | €1.9m | €2.2m | €5.5m | €8.7m | ▲ 58.7% |
| Trade debts44 | €1.2m | €1.9m | €2.2m | €2.4m | €239,377 | ▼ 90.0% |
| Suppliers440/4 | €1.2m | €1.9m | €2.2m | €2.4m | €239,377 | ▼ 90.0% |
| Taxes, remuneration and social security45 | - | - | - | €79,606 | €544,392 | ▲ 584% |
| Taxes450/3 | - | - | - | €79,606 | €544,392 | ▲ 584% |
| Other amounts payable47/48 | - | - | - | €3.0m | €7.9m | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €971,913 | €25.4m | €1.4m | €2.7m | -€6.5m | ▼ 345% |
| + Depreciation and write-downs630 | €12,951 | €12,951 | €12,915 | - | - | - |
| Operating cash flow (approximation) | €984,864 | €25.4m | €1.4m | €2.7m | -€6.5m | ▼ 345% |
| Investment in fixed assets (approximation) | - | €4.5m | €1.9m | -€160,947 | €4.0m | ▲ 2,576% |
| Change in cash | - | €32.2m | -€36.3m | -€6.6m | -€485,853 | ▲ 92.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- General meeting, 22-06-2026
- Registered-office move, Scheldelindeweg 5, 9052 Zwijnaarde
- Power of attorney, Annelies Vanmarcke
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€6.5m
Net result drops to -€6.5m, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
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
31-12
Financial
Highest result since 2018net €25.4m ▲2,510%
Net result €25.4m, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €971,913
Net result €971,913 after 2 loss-making years.
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
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
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 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2014
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
Dovesco
since 20142.233.423.119
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.
Structure & network
Part of the group
DOMO CHEMICALS HOLDING
31 companies
Group, risk and exposure
Owners and holdings
2 owners · 8 holdings · 11 subsidiaries in the treeChain of control
- DOMO CHEMICALS HOLDING
- DOVESCO
Highest known parent: DOMO CHEMICALS HOLDING. The sources do not say who stands above it.
Owners 2
- DOMO CHEMICALS HOLDINGparentSourceown accounts 2025100%
-
99.99%
Holdings 8
-
99.99%
-
99.84%
-
80%
-
75%
-
44.99%
-
25.08%
-
0.01%
-
0.01%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
0.01%
All subsidiaries, including indirect ones 11
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- DOVASCO 99.99%
QLEVR 99.84%2 subsidiaries
- QLEVR Deutschland GmbHDE 100%
- QLEVR Nederland BVNL 100%
Flying Alliance 80%4 subsidiaries
Flying Services 100%3 subsidiaries
- ALLEZ 100%
- PSP Services 100%
- MIRA EVENT SUPPORT 70%
SLG Vastgoed 75%1 subsidiary
- Induco IncUS 100%
According to the 2025 annual accounts of DOVESCO 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. 2,873 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554980550
Also
9925:BE0554980550
Registered
18-04-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.