DPA SOLUTION
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 14 filings
Turnover
≈ €76,000
Estimated: probably between €44,000 and €100,000
Total assets
€273,057▲ 0.5%
2024 · €271,779
Net result
€9,083▼ 49.7%
2024 · €18,050
Working capital
€221,306▼ 0.8%
2024 · €223,062
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€12,612
▼ 50.6%
2025
20182025
Net result
€9,083
▼ 49.7%
2025
middle half of the sector
20182025
Equity
€235,691
▼ 5.8%
2025
highest quarter of the sector
20182025
Total assets
€273,057
▲ 0.5%
2025
middle half of the sector
20182025
Debt
€37,366
▲ 73.2%
2025
20182025
Working capital
€221,306
▼ 0.8%
2025
highest quarter of the sector
20182025
Solvency
86.3%
▼ 5.7pp
2025
highest quarter of the sector
20182025
Current ratio
6.92
▼ 4.42
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.3%
▼ 3.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€13,469-€18,073€33,184▲ 83.6%€53,070▲ 59.9%€37,213▼ 29.9%€42,265▲ 13.6%€25,515▼ 39.6%€12,612▼ 50.6%
Net result-€13,653-€16,870€23,592within the sector's middle half▲ 39.8%€38,013within the sector's middle half▲ 61.1%€26,428within the sector's middle half▼ 30.5%€30,402within the sector's middle half▲ 15.0%€18,050within the sector's middle half▼ 40.6%€9,083within the sector's middle half▼ 49.7%
Equity€96,846-€113,716▲ 17.4%€137,308within the sector's middle half▲ 20.7%€175,321within the sector's middle half▲ 27.7%€201,749within the sector's middle half▲ 15.1%€232,151within the sector's middle half▲ 15.1%€250,201above the sector's middle half▲ 7.8%€235,691above the sector's middle half▼ 5.8%
Total assets€118,950-€207,272▲ 74.3%€179,676within the sector's middle half▼ 13.3%€242,546within the sector's middle half▲ 35.0%€252,449within the sector's middle half▲ 4.1%€275,113within the sector's middle half▲ 9.0%€271,779within the sector's middle half▼ 1.2%€273,057within the sector's middle half▲ 0.5%
Debt€22,104-€93,557▲ 323%€42,367▼ 54.7%€67,225▲ 58.7%€50,701▼ 24.6%€42,962▼ 15.3%€21,578▼ 49.8%€37,366▲ 73.2%
Working capital€86,387-€101,305▲ 17.3%€132,293above the sector's middle half▲ 30.6%€156,898above the sector's middle half▲ 18.6%€182,297above the sector's middle half▲ 16.2%€206,064above the sector's middle half▲ 13.0%€223,062above the sector's middle half▲ 8.2%€221,306above the sector's middle half▼ 0.8%
Solvency81.4%-54.9%▼ 26.6pp76.4%within the sector's middle half▲ 21.6pp72.3%within the sector's middle half▼ 4.1pp79.9%above the sector's middle half▲ 7.6pp84.4%above the sector's middle half▲ 4.5pp92.1%above the sector's middle half▲ 7.7pp86.3%above the sector's middle half▼ 5.7pp
Current ratio7.18-2.56▼ 4.616.29above the sector's middle half▲ 3.726.91above the sector's middle half▲ 0.627.52above the sector's middle half▲ 0.617.91above the sector's middle half▲ 0.3911.34above the sector's middle half▲ 3.446.92above the sector's middle half▼ 4.42
Return on assets (ROA)-11.5%-8.1%▲ 19.6pp13.1%within the sector's middle half▲ 5.0pp15.7%within the sector's middle half▲ 2.5pp10.5%within the sector's middle half▼ 5.2pp11.1%within the sector's middle half▲ 0.6pp6.6%within the sector's middle half▼ 4.4pp3.3%within the sector's middle half▼ 3.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 operating result for 2025 is 51% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,057
Fixed assets
€14,385 ▼ 47.0%
Current assets
€258,672 ▲ 5.7%
Equity and liabilities €273,057
Equity
€235,691 ▼ 5.8%
Debt
€37,366 ▲ 73.2%
Debt's share of the balance-sheet total rises from 7.9% to 13.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,379▼
2024 · €39,094
Cash flow
€21,849▼
2024 · €31,630
Debt to equity
0.16▲
2024 · 0.09
ROE
3.9%▼
2024 · 7.2%
Interest coverage
87.84▲
2024 · 81.86
Debt ≤ 1 year
€37,366▲
2024 · €21,565
Income taxes
€3,865▼
2024 · €7,126
Staff costs
€314▲
2024 · €230
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €45,362 | €7,469 | €10,189 | €1,520 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €8,623 | €11,038 | €13,165 | €13,580 | €12,766 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €230 | €314 | ▲ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,669 | €13,616 | €7,621 | €8,623 | €11,038 | €13,165 | €13,580 | €12,766 | ▼ 6.0% |
| Other operating charges640/8 | - | - | - | €569 | €561 | €565 | €642 | €570 | ▼ 11.1% |
| Gross operating margin9900 | -€6,236 | €32,238 | €41,352 | €62,261 | €48,812 | €55,994 | €39,966 | €26,263 | ▼ 34.3% |
| Operating profit (loss)9901 | -€13,469 | €18,073 | €33,184 | €53,070 | €37,213 | €42,265 | €25,515 | €12,612 | ▼ 50.6% |
| Financial income75/76B | - | - | - | €42 | €0 | €39 | €139 | €625 | ▲ 349% |
| Recurring financial income75 | €41 | €79 | €41 | €42 | €0 | €39 | €139 | €625 | ▲ 349% |
| Financial charges65/66B | - | - | - | €515 | €766 | €472 | €478 | €289 | ▼ 39.5% |
| Recurring financial charges65 | €224 | €305 | €511 | €515 | €766 | €472 | €478 | €289 | ▼ 39.5% |
| Profit (loss) for the period before taxes9903 | -€13,653 | €17,847 | €32,715 | €52,597 | €36,447 | €41,831 | €25,176 | €12,948 | ▼ 48.6% |
| Income taxes67/77 | - | €977 | €9,123 | €14,584 | €10,019 | €11,430 | €7,126 | €3,865 | ▼ 45.8% |
| Profit (loss) for the period9904 | -€13,653 | €16,870 | €23,592 | €38,013 | €26,428 | €30,402 | €18,050 | €9,083 | ▼ 49.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,653 | €16,870 | €23,592 | €38,013 | €26,428 | €30,402 | €18,050 | €9,083 | ▼ 49.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €118,950 | €207,272 | €179,676 | €242,546 | €252,449 | €275,113 | €271,779 | €273,057 | ▲ 0.5% |
| Fixed assets21/28 | €18,578 | €41,175 | €22,362 | €59,102 | €42,187 | €39,211 | €27,152 | €14,385 | ▼ 47.0% |
| Tangible fixed assets22/27 | €18,578 | €41,175 | €22,362 | €59,102 | €42,187 | €39,211 | €27,152 | €14,385 | ▼ 47.0% |
| Plant, machinery and equipment23 | - | - | - | €374 | €124 | €8,169 | €6,325 | €4,482 | ▼ 29.1% |
| Furniture and vehicles24 | - | - | - | €58,728 | €42,063 | €31,042 | €20,826 | €9,904 | ▼ 52.4% |
| Current assets29/58 | €100,372 | €166,097 | €157,314 | €183,444 | €210,262 | €235,902 | €244,627 | €258,672 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €22,131 | €49,145 | €45,738 | €34,165 | €25,759 | €48,236 | €38,958 | €57,918 | ▲ 48.7% |
| Trade receivables40 | - | - | - | €33,619 | €23,232 | €45,505 | €38,453 | €57,918 | ▲ 50.6% |
| Other amounts receivable41 | - | - | - | €546 | €2,527 | €2,730 | €505 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €78,240 | €115,609 | €108,477 | €143,217 | €165,771 | €170,606 | €189,688 | €195,521 | ▲ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | €6,063 | €18,733 | €17,059 | €15,981 | €5,232 | ▼ 67.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €118,950 | €207,272 | €179,676 | €242,546 | €252,449 | €275,113 | €271,779 | €273,057 | ▲ 0.5% |
| Equity10/15 | €96,846 | €113,716 | €137,308 | €175,321 | €201,749 | €232,151 | €250,201 | €235,691 | ▼ 5.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €25,452 | €63,465 | €89,893 | €120,295 | €138,345 | €123,835 | ▼ 10.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €61,605 | €88,033 | €118,435 | €138,345 | €123,835 | ▼ 10.5% |
| Profit (loss) carried forward14 | €82,586 | €99,456 | €99,456 | €99,456 | €99,456 | €99,456 | €99,456 | €99,456 | = |
| Amounts payable17/49 | €22,104 | €93,557 | €42,367 | €67,225 | €50,701 | €42,962 | €21,578 | €37,366 | ▲ 73.2% |
| Amounts payable after more than one year17 | €8,119 | €27,925 | €16,876 | €40,191 | €21,272 | €10,705 | €0 | - | - |
| Financial debts170/4 | - | - | - | €40,191 | €21,272 | €10,705 | €0 | - | - |
| Amounts payable within one year42/48 | €13,985 | €64,792 | €25,020 | €26,546 | €27,966 | €29,837 | €21,565 | €37,366 | ▲ 73.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,685 | €10,431 | €10,567 | €10,705 | €0 | ▼ 100% |
| Trade debts44 | €1,463 | €45,806 | €394 | €1,220 | €7,395 | €11,179 | €2,243 | €1,728 | ▼ 23.0% |
| Suppliers440/4 | - | - | - | €1,220 | €7,395 | €11,179 | €2,243 | €1,728 | ▼ 23.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,826 | €7,324 | €5,147 | €5,476 | €8,860 | ▲ 61.8% |
| Taxes450/3 | - | - | - | €3,826 | €4,544 | €2,308 | €5,476 | €8,860 | ▲ 61.8% |
| Remuneration and social security454/9 | - | - | - | €0 | €2,780 | €2,839 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €2,815 | €2,815 | €2,944 | €3,141 | €26,778 | ▲ 753% |
| Accrued charges and deferred income492/3 | - | - | - | €488 | €1,463 | €2,419 | €13 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,653 | €16,870 | €23,592 | €38,013 | €26,428 | €30,402 | €18,050 | €9,083 | ▼ 49.7% |
| + Depreciation and write-downs630 | €6,669 | €13,616 | €7,621 | €8,623 | €11,038 | €13,165 | €13,580 | €12,766 | ▼ 6.0% |
| Operating cash flow (approximation) | -€6,984 | €30,486 | €31,213 | €46,636 | €37,466 | €43,567 | €31,630 | €21,849 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€36,214 | €11,192 | -€45,362 | €5,876 | -€10,189 | -€1,520 | €0 | - |
| Change in cash | - | €37,368 | -€7,132 | €34,739 | €22,554 | €4,836 | €19,082 | €5,833 | ▼ 69.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as DPA SOLUTION has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DPA SOLUTION itself: < 0.1% within 12 months.
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 10,904 companies, not a prediction for DPA SOLUTION. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00256920 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00167869 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00183653 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00165534 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20214946 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64600267 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37900046 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-56000495 | |
| 31-12-2017 | micro format | 01-08-2018 | 2018-42900295 | |
| 31-12-2016 | micro format | 28-06-2017 | 2017-23900282 |