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DRIVE SOLUTIONS

Active
Private limited companyfounded 2023active for 3 yearsKattestraat 20, 1745 Opwijk, BelgiumKBO/BCE: BE 0800.627.706

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 06-07-2026 at the NBB all 3 filings

Equity
-€20,512▼ 42.6%
2024 · -€14,385
Total assets
€20,184▲ 22×
2024 · €906
Net result
-€6,126▲ 59.1%
2024 · -€14,988
Working capital
-€21,123▼ 46.8%
2024 · -€14,385
Multi-year overview
2023 to 2025, 3 financial years
Operating result
-€3,659
▲ 75.4% 2025
20232025
Net result
-€6,126
▲ 59.1% 2025
lowest quarter of the sector
20232025
Equity
-€20,512
▼ 42.6% 2025
lowest quarter of the sector
20232025
Total assets
€20,184
▲ 22× 2025
lowest quarter of the sector
20232025
Debt
€40,696
▲ 166% 2025
20232025
Working capital
-€21,123
▼ 46.8% 2025
lowest quarter of the sector
20232025
Solvency
-101.6%
2025
lowest quarter of the sector
20232025
Current ratio
0.07
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
-30.4%
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€3,474--€14,886▼ 328%-€3,659▲ 75.4%
Net result-€3,558below the sector's middle half--€14,988below the sector's middle half▼ 321%-€6,126below the sector's middle half▲ 59.1%
Equity-€3,358below the sector's middle half--€14,385below the sector's middle half▼ 328%-€20,512below the sector's middle half▼ 42.6%
Total assets€20,274below the sector's middle half-€906below the sector's middle half▼ 95.5%€20,184below the sector's middle half▲ 22×
Debt€23,631-€15,291▼ 35.3%€40,696▲ 166%
Working capital-€369within the sector's middle half--€14,385below the sector's middle half▼ 3,793%-€21,123below the sector's middle half▼ 46.8%
Solvency-16.6%below the sector's middle half--101.6%below the sector's middle half
Current ratio0.92within the sector's middle half-0.07below the sector's middle half
Return on assets (ROA)-17.5%below the sector's middle half--30.4%below the sector's middle half
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 a loss of €3,659, smaller than the loss of €14,886 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
Assets €20,184
Fixed assets €18,568
Current assets €1,616
Equity and liabilities
Equity-€20,512
Debt€40,696
Equity is negative. Debt (€40,696) exceeds the balance-sheet total (€20,184).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€365▼
2024 · €3,905
Cash flow
-€2,832▼
2024 · €3,803
Interest coverage
-0.15▼
2024 · 38.12
Debt ≤ 1 year
€22,739▲
2024 · €15,291
Debt > 1 year
€17,957
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item202320242025
Tangible fixed assets€17,727-€21,863
Depreciation and write-downs of the year€2,700€18,791€3,294

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€906€20,184▲
Fixed assets21/28-€18,568
Tangible fixed assets22/27-€18,568
Furniture and vehicles24-€18,568
Current assets29/58€906€1,616▲
Cash at bank and in hand54/58€906€1,616▲
Equity and liabilities
Total equity and liabilities10/49€906€20,184▲
Equity10/15-€14,385-€20,512▼
Profit (loss) carried forward14-€14,385-€20,512▼
Amounts payable17/49€15,291€40,696▲
Amounts payable after more than one year17-€17,957
Financial debts170/4-€17,957
Amounts payable within one year42/48€15,291€22,739▲
Current portion of amounts payable after more than one year42-€4,282
Trade debts44€2,070€1,257▼
Suppliers440/4€2,070€1,257▼
Advances received on contracts in progress46-€33
Taxes, remuneration and social security45€20€2,181▲
Taxes450/3€20€2,181▲
Other amounts payable47/48€13,202€14,986▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,791€3,294▼
Other operating charges640/8€63€159▲
Gross operating margin9900€3,968-€206▼
Operating profit (loss)9901-€14,886-€3,659▲
Financial charges65/66B€102€2,467▲
Recurring financial charges65€102€2,467▲
Profit (loss) for the period before taxes9903-€14,988-€6,126▲
Profit (loss) for the period9904-€14,988-€6,126▲
Profit (loss) for the period to be appropriated9905-€14,988-€6,126▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14,385-€20,512▼
Profit (loss) brought forward from the previous period14P€603-€14,385▼

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.

Line202320242025Change
Remuneration, social security and pensions62€319---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,700€18,791€3,294▼ 82.5%
Other operating charges640/8€1,315€63€159▲ 152%
Gross operating margin9900€860€3,968-€206-
Operating profit (loss)9901-€3,474-€14,886-€3,659▲ 75.4%
Financial charges65/66B€83€102€2,467▲ 24×
Recurring financial charges65€83€102€2,467▲ 24×
Profit (loss) for the period before taxes9903-€3,558-€14,988-€6,126▲ 59.1%
Profit (loss) for the period9904-€3,558-€14,988-€6,126▲ 59.1%
Profit (loss) for the period to be appropriated9905-€3,558-€14,988-€6,126▲ 59.1%
Line202320242025Change
Assets
Total assets20/58€20,274€906€20,184▲ 22×
Formation expenses20€904---
Fixed assets21/28€15,186-€18,568-
Tangible fixed assets22/27€15,186-€18,568-
Furniture and vehicles24€15,186-€18,568-
Current assets29/58€4,183€906€1,616▲ 78.4%
Amounts receivable within one year40/41€3,463---
Trade receivables40€631---
Other amounts receivable41€2,832---
Cash at bank and in hand54/58€720€906€1,616▲ 78.4%
Equity and liabilities
Total equity and liabilities10/49€20,274€906€20,184▲ 22×
Equity10/15-€3,358-€14,385-€20,512▼ 42.6%
Contributions10/11€200---
Profit (loss) carried forward14-€3,558-€14,385-€20,512▼ 42.6%
Amounts payable17/49€23,631€15,291€40,696▲ 166%
Amounts payable after more than one year17€19,079-€17,957-
Financial debts170/4--€17,957-
Other amounts payable178/9€19,079---
Amounts payable within one year42/48€4,552€15,291€22,739▲ 48.7%
Current portion of amounts payable after more than one year42--€4,282-
Trade debts44€3,760€2,070€1,257▼ 39.3%
Suppliers440/4€3,760€2,070€1,257▼ 39.3%
Advances received on contracts in progress46--€33-
Taxes, remuneration and social security45€792€20€2,181▲ 111×
Taxes450/3€792€20€2,181▲ 111×
Other amounts payable47/48-€13,202€14,986▲ 13.5%
Line202320242025Change
Profit (loss) for the period9904-€3,558-€14,988-€6,126▲ 59.1%
+ Depreciation and write-downs630€2,700€18,791€3,294▼ 82.5%
Operating cash flow (approximation)-€857€3,803-€2,832-
Change in cash-€186€710▲ 281%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,639 companies had the same profile as DRIVE SOLUTIONS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
84.8% was still going
5.6% stopped otherwise
8.8% went bankrupt

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DRIVE SOLUTIONS itself: 5.3% 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.

The companies in ten equal groups, from the lowest to the 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% 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 7,639 companies, not a prediction for DRIVE SOLUTIONS. 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 (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 06-07-2026 2026-00256740 PDF
31-12-2024 micro format 07-10-2025 2025-00541262 PDF
31-12-2023 micro format 31-08-2024 2024-00426287 PDF

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