dPartner
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 5 filings
Turnover
≈ €130,000
Estimated: probably between €120,000 and €170,000
Total assets
€97,909▼ 53.3%
2025 · €209,590
Net result
€51,713▼ 11.5%
2025 · €58,451
Working capital
-€4,762
2025 · €2,810
Multi-year overview
2022 to 2026, 5 financial yearsOperating result
€66,160
▼ 10.5%
2026
20222026
Net result
€51,713
▼ 11.5%
2026
20222026
Equity
€5,000
=
2026
20222026
Total assets
€97,909
▼ 53.3%
2026
20222026
Debt
€92,909
▼ 54.6%
2026
20222026
Working capital
-€4,762
2026
20222026
Solvency
5.1%
▲ 2.7pp
2026
20222026
Current ratio
0.95
▼ 0.06
2026
20222026
Return on assets (ROA)
52.8%
▲ 24.9pp
2026
20222026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023202420252026
Operating result€44,465-€63,034▲ 41.8%€60,768▼ 3.6%€73,887▲ 21.6%€66,160▼ 10.5%
Net result€35,156within the sector's middle half-€48,619within the sector's middle half▲ 38.3%€46,813within the sector's middle half▼ 3.7%€58,451above the sector's middle half▲ 24.9%€51,713▼ 11.5%
Equity€40,156within the sector's middle half-€88,775within the sector's middle half▲ 121%€135,588within the sector's middle half▲ 52.7%€5,000below the sector's middle half▼ 96.3%€5,000=
Total assets€71,635within the sector's middle half-€115,762within the sector's middle half▲ 61.6%€162,509within the sector's middle half▲ 40.4%€209,590within the sector's middle half▲ 29.0%€97,909▼ 53.3%
Debt€31,479-€26,988▼ 14.3%€26,921▼ 0.2%€204,590▲ 660%€92,909▼ 54.6%
Working capital€45,248within the sector's middle half-€87,987within the sector's middle half▲ 94.5%€132,505above the sector's middle half▲ 50.6%€2,810below the sector's middle half▼ 97.9%-€4,762
Solvency56.1%within the sector's middle half-76.7%within the sector's middle half▲ 20.6pp83.4%above the sector's middle half▲ 6.7pp2.4%below the sector's middle half▼ 81.0pp5.1%▲ 2.7pp
Current ratio2.80within the sector's middle half-4.26within the sector's middle half▲ 1.465.92above the sector's middle half▲ 1.661.01below the sector's middle half▼ 4.910.95▼ 0.06
Return on assets (ROA)49.1%above the sector's middle half-42.0%above the sector's middle half▼ 7.1pp28.8%within the sector's middle half▼ 13.2pp27.9%within the sector's middle half▼ 0.9pp52.8%▲ 24.9pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 2026 is 10% lower than in 2025.
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
2026 in colour, 2025 as the grey bar beneath
Assets €97,909
Fixed assets
€9,762 ▲ 346%
Current assets
€88,148 ▼ 57.5%
Equity and liabilities €97,909
Equity
€5,000 =
Debt
€92,909 ▼ 54.6%
Debt's share of the balance-sheet total falls from 97.6% to 94.9%. Debt is lower.
Key figures and ratios
EBITDA
€66,837▼
2025 · €74,780
Cash flow
€52,389▼
2025 · €59,344
Debt to equity
18.58▼
2025 · 40.92
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€92,909▼
2025 · €204,590
Income taxes
€14,541▼
2025 · €16,629
A ratio outside any meaningful range has been withheld (balance sheet total €97,909, equity €5,000).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,330 | - | €2,741 | - | €8,248 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €99 | €443 | €446 | €893 | €676 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €96 | €494 | €233 | ▼ 52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99 | €443 | €446 | €893 | €676 | ▼ 24.3% |
| Other operating charges640/8 | - | €2,924 | €491 | €946 | €1,009 | ▲ 6.6% |
| Gross operating margin9900 | €44,564 | €66,401 | €61,705 | €75,726 | €67,846 | ▼ 10.4% |
| Operating profit (loss)9901 | €44,465 | €63,034 | €60,768 | €73,887 | €66,160 | ▼ 10.5% |
| Financial income75/76B | €12 | €0 | €13 | €1,650 | €429 | ▼ 74.0% |
| Recurring financial income75 | €12 | €0 | €13 | €1,650 | €429 | ▼ 74.0% |
| Financial charges65/66B | €54 | €862 | €820 | €457 | €335 | ▼ 26.6% |
| Recurring financial charges65 | €54 | €862 | €820 | €457 | €335 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €44,423 | €62,172 | €59,960 | €75,080 | €66,254 | ▼ 11.8% |
| Income taxes67/77 | €9,267 | €13,553 | €13,147 | €16,629 | €14,541 | ▼ 12.6% |
| Profit (loss) for the period9904 | €35,156 | €48,619 | €46,813 | €58,451 | €51,713 | ▼ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €35,156 | €48,619 | €46,813 | €58,451 | €51,713 | ▼ 11.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,635 | €115,762 | €162,509 | €209,590 | €97,909 | ▼ 53.3% |
| Fixed assets21/28 | €1,231 | €788 | €3,083 | €2,190 | €9,762 | ▲ 346% |
| Tangible fixed assets22/27 | €1,231 | €788 | €3,083 | €2,190 | €9,762 | ▲ 346% |
| Furniture and vehicles24 | €1,231 | €788 | €3,083 | €2,190 | €9,762 | ▲ 346% |
| Current assets29/58 | €70,403 | €114,974 | €159,426 | €207,400 | €88,148 | ▼ 57.5% |
| Amounts receivable within one year40/41 | €13,733 | €15,771 | €12,463 | €13,995 | €35,160 | ▲ 151% |
| Trade receivables40 | €13,733 | €15,771 | €12,463 | €13,463 | €35,160 | ▲ 161% |
| Other amounts receivable41 | - | - | - | €532 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €51,484 | €93,608 | €140,881 | €184,739 | €46,211 | ▼ 75.0% |
| Deferred charges and accrued income490/1 | €5,186 | €5,595 | €6,082 | €8,667 | €6,777 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,635 | €115,762 | €162,509 | €209,590 | €97,909 | ▼ 53.3% |
| Equity10/15 | €40,156 | €88,775 | €135,588 | €5,000 | €5,000 | = |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €35,000 | €83,000 | €130,000 | €0 | - | - |
| Distributable reserves133 | €35,000 | €83,000 | €130,000 | €0 | - | - |
| Profit (loss) carried forward14 | €156 | €775 | €588 | €0 | €0 | - |
| Amounts payable17/49 | €31,479 | €26,988 | €26,921 | €204,590 | €92,909 | ▼ 54.6% |
| Amounts payable within one year42/48 | €25,155 | €26,988 | €26,921 | €204,590 | €92,909 | ▼ 54.6% |
| Financial debts43 | - | €64 | €0 | €69 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €64 | €0 | €69 | €0 | ▼ 100% |
| Trade debts44 | €2,964 | €2,710 | €3,457 | €3,921 | €27,398 | ▲ 599% |
| Suppliers440/4 | €2,964 | €2,710 | €3,457 | €3,921 | €27,398 | ▲ 599% |
| Taxes, remuneration and social security45 | €22,141 | €23,529 | €23,243 | €11,350 | €13,739 | ▲ 21.0% |
| Taxes450/3 | €19,806 | €23,529 | €23,243 | €11,350 | €13,739 | ▲ 21.0% |
| Remuneration and social security454/9 | €2,335 | €0 | - | - | - | - |
| Other amounts payable47/48 | €50 | €684 | €221 | €189,251 | €51,772 | ▼ 72.6% |
| Accrued charges and deferred income492/3 | €6,324 | €0 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,156 | €48,619 | €46,813 | €58,451 | €51,713 | ▼ 11.5% |
| + Depreciation and write-downs630 | €99 | €443 | €446 | €893 | €676 | ▼ 24.3% |
| Operating cash flow (approximation) | €35,255 | €49,062 | €47,260 | €59,344 | €52,389 | ▼ 11.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2,741 | €0 | -€8,248 | - |
| Change in cash | - | €42,124 | €47,273 | €43,858 | -€138,527 | - |
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, 2,153 companies had the same profile as dPartner has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of dPartner itself is lower: 0.1% within 12 months. It rests on far more data about dPartner than the profile alone.
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 2,153 companies, not a prediction for dPartner. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570767 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00553250 | |
| 31-03-2024 | micro format | 04-10-2024 | 2024-00495849 | |
| 31-03-2023 | micro format | 03-10-2023 | 2023-00466579 | |
| 31-03-2022 | micro format | 27-09-2022 | 2022-20437592 |