Dovre
ActiveDovre has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.29M and a net result of €-2.41M. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4=
Solvency66▼-18
Growth28▼-23
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 2.49 in 2024; short-term debt: 44.8% and cash: 1.7% of total assets), but 58.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Sector 24
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.3%
Return on assets
-10.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-2.41M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
40 d early
2024
43 d early
2023
43 d early
2022
46 d early
2021
45 d early
2020
6 d early
2019
56 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
€17.69M▼ 36.6%
2024 · €27.90M
2019: €22.97M
2020: €18.01M
2021: €28.60M
2022: €39.17M
2023: €53.49M
2024: €27.90M
2019 → 2025
EBIT margin
-12.5%▼ 3.5pp
2024 · -9.0%
2019: 1.8%
2020: -7.5%
2021: 1.0%
2022: 1.4%
2023: 14.9%
2024: -9.0%
2019 → 2025
Net result
€-2.41M▼ 4.7%
2024 · €-2.30M
2019: €23k
2020: €-4.96M
2021: €619k
2022: €821k
2023: €7.26M
2024: €-2.30M
2019 → 2025
Working capital
€5.18M▼ 29.4%
2024 · €7.34M
2019: €2.94M
2020: €1.89M
2021: €2.26M
2022: €3.79M
2023: €10.62M
2024: €7.34M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€28.60M-€39.17M▲ 37.0%€53.49M▲ 36.6%€27.90M▼ 47.8%€17.69M▼ 36.6%
Equity€5.94M-€6.74M▲ 13.4%€14.00M▲ 108%€11.69M▼ 16.5%€9.29M▼ 20.6%
Operating result€300k-€531k▲ 77.1%€7.95M▲ 1,398%€-2.52M€-2.22M▲ 12.0%
Net result€619k-€821k▲ 32.6%€7.26M▲ 785%€-2.30M€-2.41M▼ 4.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.22M in 2025 against €2.52M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.51M
Fixed assets
€7.24M▼ 5.8%
Current assets
€15.26M▲ 24.4%
Equity and liabilities €22.51M
Equity
€9.29M▼ 20.6%
Provisions
€239k
Debt
€12.98M▲ 57.0%
The debt ratio rises from 41.4% to 57.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.17M▲
2024 · €-1.24M
Cash flow
€-1.36M▼
2024 · €-1.03M
Solvency
41.3%▼
2024 · 58.6%
Current ratio
1.51▼
2024 · 2.49
Quick ratio
0.86▲
2024 · 0.47
Debt / equity
1.40▲
2024 · 0.71
ROE
-26.0%▼
2024 · -19.7%
ROA
-10.7%▲
2024 · -11.5%
Interest coverage
-4.95▲
2024 · -7.01
Debt
€12.98M▲
2024 · €8.26M
Debt ≤ 1 year
€10.08M▲
2024 · €4.93M
Debt > 1 year
€2.77M▼
2024 · €3.26M
Income taxes
€2k▲
2024 · €-2k
Staff costs
€6.32M▼
2024 · €7.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€19.96M€22.51M▲
Fixed assets21/28€7.69M€7.24M▼
Intangible fixed assets21€1.14M€820k▼
Tangible fixed assets22/27€5.33M€5.29M▼
Land and buildings22€1.69M€1.68M▼
Plant, machinery and equipment23€1.20M€1.48M▲
Furniture and vehicles24€162k€130k▼
Leasing and similar rights25€1.40M€1.42M▲
Assets under construction and advance payments27€883k€583k▼
Financial fixed assets28€1.21M€1.13M▼
Affiliated companies280/1€1.13M€1.13M=
Participating interests280€1.13M€1.13M=
Other financial fixed assets284/8€88k€7k▼
Shares284€7k€7k=
Amounts receivable and cash guarantees285/8€80k-
Current assets29/58€12.27M€15.26M▲
Amounts receivable after more than one year29-€840k
Other amounts receivable291-€840k
Stocks and contracts in progress3€9.93M€6.54M▼
Stocks30/36€9.93M€6.54M▼
Raw materials and consumables30/31€2.41M€1.75M▼
Work in progress32€4.70M€3.11M▼
Finished goods33€2.81M€1.67M▼
Goods purchased for resale34€11k€11k▲
Amounts receivable within one year40/41€1.87M€7.46M▲
Trade receivables40€1.66M€2.07M▲
Other amounts receivable41€211k€5.39M▲
Cash at bank and in hand54/58€387k€381k▼
Deferred charges and accrued income490/1€81k€42k▼
Equity and liabilities
Total equity and liabilities10/49€19.96M€22.51M▲
Equity10/15€11.69M€9.29M▼
Contributions10/11€14.34M€14.34M=
Capital10€14.34M€14.34M=
Issued capital100€14.34M€14.34M=
Reserves13€2.49M€2.07M▼
Non-distributable reserves130/1€1.13M€1.13M=
Legal reserve130€987k€987k=
Other1319€142k€142k=
Tax-exempt reserves132€1.36M€943k▼
Profit (loss) carried forward14€-5.13M€-7.13M▼
Investment grants15-€10k
Provisions and deferred taxes16-€239k
Provisions for liabilities and charges160/5-€239k
Other liabilities and charges164/5-€239k
Amounts payable17/49€8.26M€12.98M▲
Amounts payable after more than one year17€3.26M€2.77M▼
Financial debts170/4€2.00M€2.01M▲
Subordinated loans170€700k€600k▼
Leasing and similar obligations172€262k€193k▼
Credit institutions173€1.04M€1.22M▲
Other amounts payable178/9€1.26M€759k▼
Amounts payable within one year42/48€4.93M€10.08M▲
Current portion of amounts payable after more than one year42€1.09M€1.33M▲
Financial debts43€377k€4.06M▲
Credit institutions430/8€377k€4.06M▲
Trade debts44€2.42M€2.98M▲
Suppliers440/4€2.42M€2.98M▲
Advances received on contracts in progress46€47k€47k=
Taxes, remuneration and social security45€996k€1.10M▲
Taxes450/3€80k€92k▲
Remuneration and social security454/9€916k€1.01M▲
Other amounts payable47/48-€562k
Accrued charges and deferred income492/3€73k€125k▲
Income statement
Code20242025
Operating income70/76A€28.22M€21.04M▼
Turnover70€27.90M€17.69M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-270k€-2.94M▼
Other operating income74€554k€299k▼
Non-recurring operating income76A€39k€5.99M▲
Operating charges60/66A€30.74M€23.25M▼
Goods for resale, raw materials and consumables60€7.22M€4.14M▼
Purchases600/8€7.18M€3.50M▼
Change in stocks: decrease (increase)609€37k€631k▲
Services and other goods61€14.35M€11.37M▼
Remuneration, social security and pensions62€7.67M€6.32M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.28M€1.05M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€56k€-182k▼
Other operating charges640/8€166k€183k▲
Non-recurring operating charges66A-€378k
Operating profit (loss)9901€-2.52M€-2.22M▲
Financial income75/76B€406k€175k▼
Recurring financial income75€406k€175k▼
Income from financial fixed assets750€1k€996▼
Other financial income752/9€404k€174k▼
Financial charges65/66B€193k€369k▲
Recurring financial charges65€193k€369k▲
Debt charges650€177k€236k▲
Other financial charges652/9€16k€133k▲
Profit (loss) for the period before taxes9903€-2.31M€-2.41M▼
Income taxes67/77€-2k€2k▲
Taxes670/3€3k€2k▼
Tax adjustments and reversals of tax provisions77€5k€0▼
Profit (loss) for the period9904€-2.30M€-2.41M▼
Transfer from tax-exempt reserves789-€414k
Profit (loss) for the period to be appropriated9905€-2.30M€-2.00M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.13M€-7.13M▼
Profit (loss) brought forward from the previous period14P€-2.83M€-5.13M▼
Social balance
Average headcount (FTE)9087125.0105.4▼
The notes to these accounts (116 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €7.26M ▲785%
Operating result €7.95M, net result €7.26M, both a record.
30-06
Financial
Equity above €10MEq €14.00M ▲108%
3 profitable years in a row build equity to €14.00M.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Back to profitnet €619k
Net result €619k after one loss-making year.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €-4.96M ▼22118%
Net result drops to €-4.96M, the lowest in the series; recovery starts the following year.
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Ravels · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsstraat 182381 RavelsGround area
4.0 ha
Building footprint
2.7 ha
Parcel 13048D0006/00H004, Flanders. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 18, 2381 Ravels
since 19892.102.753.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0006/00H004 | Flanders | 4.0 ha | 1 · 2.7 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 123,649 EUR awarded · 123,534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 38,233 EUR | 38,233 EUR |
| 2024 | 2 | 72,724 EUR | 72,609 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
| 2022 | 1 | 5,192 EUR | 5,192 EUR |
Schemes
Subsidie voor bedrijven ter compensatie van indirecte emissiekosten
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500PN7SW3THH28E02
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Of 191 companies in sector 24100 we hold annual accounts for 134. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-07-1989
Fiscal year end30-06
Activities, NACEBEL
24100Manufacture of basic metals
24510Manufacture of basic metals
Sources
Crossroads Bank for EnterprisesNational Bank · 52 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesGeneral meetings
1 convocationExtraordinary general meeting
Agenda
1. Verslag van de raad van bestuur. 2. Goedkeuring van de jaarrekening. 3. Bestemming van het resultaat. 4. Kwijting aan bestuurders. 5. Ontslag en benoeming bestuurders. 6. Varia. Om aan de vergadering deel te nemen, zich schikken naar de statuten. (32983) Vlam-N-Vest-CVA (Kortrijk) Pottelberg 170, 8510 Marke (Kortrijk) Ondernemingsnummer 0466.356.501 De aandeelhouders worden verzocht de jaarvergadering te willen bijwonen die zal worden gehouden op 6 december 2003, om 14 uur, op de maatschappelijke zetel. — Agenda : 1. Verslag van de raad van bestuur. 2. Goedkeuring van de jaarrekening per 30 juni 2003. 3. Bestemming van het resultaat. 4. Kwijting aan bestuurders. 5. Allerlei. De aandeelhou ...