DS-COMPTA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422296.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 19 filings
Turnover
€350,437▼ 5.7%
2018 · €371,558
EBIT margin
2.6%▼ 14.6pp
2018 · 17.2%
Net result
-€15,408▼ 51.7%
2024 · -€10,158
Working capital
€157,268▼ 8.9%
2024 · €172,676
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€15,133
2025
20182025
Net result
-€15,408
▼ 51.7%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€157,268
▼ 8.9%
2025
middle half of the sector
20182025
Total assets
€264,976
▼ 9.0%
2025
middle half of the sector
20182025
Debt
€107,708
▼ 9.1%
2025
20182025
Working capital
€157,268
▼ 8.9%
2025
highest quarter of the sector
20182025
Solvency
59.4%
▲ 0.1pp
2025
middle half of the sector
20182025
Current ratio
2.46
=
2025
middle half of the sector
20182025
Return on assets (ROA)
-5.8%
▼ 2.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
4
▲ 5.3%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€371,558-€350,437▼ 5.7%
Operating result€63,864-€9,021▼ 85.9%€80,538▲ 793%€128,033▲ 59.0%€17,199▼ 86.6%-€1,722€12,545-€15,133
Net result€39,961-€12,454▼ 68.8%€55,800within the sector's middle half▲ 348%€90,482above the sector's middle half▲ 62.2%€20,896within the sector's middle half▼ 76.9%-€20,075below the sector's middle half-€10,158below the sector's middle half▲ 49.4%-€15,408below the sector's middle half▼ 51.7%
EBIT margin17.2%-2.6%▼ 14.6pp
Equity€166,277-€177,431▲ 6.7%€173,231within the sector's middle half▼ 2.4%€263,713above the sector's middle half▲ 52.2%€254,609within the sector's middle half▼ 3.5%€194,534within the sector's middle half▼ 23.6%€172,676within the sector's middle half▼ 11.2%€157,268within the sector's middle half▼ 8.9%
Total assets€267,440-€260,949▼ 2.4%€336,515within the sector's middle half▲ 29.0%€363,583within the sector's middle half▲ 8.0%€394,128within the sector's middle half▲ 8.4%€328,025within the sector's middle half▼ 16.8%€291,192within the sector's middle half▼ 11.2%€264,976within the sector's middle half▼ 9.0%
Debt€101,163-€83,518▼ 17.4%€163,284▲ 95.5%€99,870▼ 38.8%€139,519▲ 39.7%€133,491▼ 4.3%€118,516▼ 11.2%€107,708▼ 9.1%
Working capital€166,398-€168,949▲ 1.5%€166,869above the sector's middle half▼ 1.2%€266,659above the sector's middle half▲ 59.8%€254,609above the sector's middle half▼ 4.5%€194,964above the sector's middle half▼ 23.4%€172,676above the sector's middle half▼ 11.4%€157,268above the sector's middle half▼ 8.9%
Solvency62.2%-68.0%▲ 5.8pp51.5%within the sector's middle half▼ 16.5pp72.5%within the sector's middle half▲ 21.1pp64.6%within the sector's middle half▼ 7.9pp59.3%within the sector's middle half▼ 5.3pp59.3%within the sector's middle half=59.4%within the sector's middle half▲ 0.1pp
Current ratio2.65-3.02▲ 0.382.02within the sector's middle half▼ 1.003.81within the sector's middle half▲ 1.792.82within the sector's middle half▼ 0.992.47within the sector's middle half▼ 0.362.46within the sector's middle half▼ 0.012.46within the sector's middle half=
Return on assets (ROA)14.9%-4.8%▼ 10.2pp16.6%within the sector's middle half▲ 11.8pp24.9%within the sector's middle half▲ 8.3pp5.3%within the sector's middle half▼ 19.6pp-6.1%below the sector's middle half▼ 11.4pp-3.5%below the sector's middle half▲ 2.6pp-5.8%below the sector's middle half▼ 2.3pp
Staff (FTE)3.6-3.6=3.6above the sector's middle half=3.7▲ 2.8%4.3▲ 16.2%4.3=3.8▼ 11.6%4▲ 5.3%
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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 €15,133, after a profit of €12,545 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €264,976
Equity
€157,268 ▼ 8.9%
Debt
€107,708 ▼ 9.1%
Debt's share of the balance-sheet total falls from 40.7% to 40.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.68▼
2024 · 0.69
ROE
-9.8%▼
2024 · -5.9%
Debt ≤ 1 year
€107,708▼
2024 · €118,516
Income taxes
€467▼
2024 · €22,486
Supplier credit
39 days
Staff costs
€249,193▼
2024 · €261,520
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 4 | 4 |
| full-time | 2 | 2 | 3 | 3 | 4 |
| part-time | 3 | 3 | 2 | 1 | 0 |
| in full-time equivalents | 4.3 | 4.3 | 4.3 | 3.7 | 4 |
| Average over the year, in full-time equivalents | 3.7 | 4.3 | 4.3 | 3.8 | 4 |
| On a permanent contract | 5 | 5 | 5 | 4 | 3 |
| Joined | - | - | - | 0 | 5 |
| Left | - | - | - | 1 | 5 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €371,558 | €350,437 | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €125,984 | €137,275 | €202,074 | €186,814 | €214,252 | ▲ 14.7% |
| Remuneration, social security and pensions62 | - | - | - | €164,507 | €212,554 | €242,828 | €261,520 | €249,193 | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,122 | €2,120 | €4,241 | €2,121 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €280 | €347 | €2,349 | €9,400 | €0 | ▼ 100% |
| Gross operating margin9900 | €226,168 | €180,698 | €255,044 | €297,061 | €232,221 | €243,455 | €283,465 | €234,060 | ▼ 17.4% |
| Operating profit (loss)9901 | €63,864 | €9,021 | €80,538 | €128,033 | €17,199 | -€1,722 | €12,545 | -€15,133 | - |
| Financial income75/76B | - | - | - | - | - | - | €76 | €466 | ▲ 513% |
| Recurring financial income75 | €83 | - | - | - | - | - | €76 | €466 | ▲ 513% |
| Financial charges65/66B | - | - | - | €138 | €1,003 | €210 | €293 | €274 | ▼ 6.5% |
| Recurring financial charges65 | €849 | €240 | €343 | €138 | €1,003 | €210 | €293 | €274 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €63,098 | €8,781 | €80,195 | €127,895 | €16,196 | -€1,932 | €12,328 | -€14,941 | - |
| Income taxes67/77 | €23,137 | -€3,673 | €24,395 | €37,413 | -€4,700 | €18,143 | €22,486 | €467 | ▼ 97.9% |
| Profit (loss) for the period9904 | €39,961 | €12,454 | €55,800 | €90,482 | €20,896 | -€20,075 | -€10,158 | -€15,408 | ▼ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €39,961 | €12,454 | €59,800 | €90,482 | €20,896 | -€20,075 | -€10,158 | -€15,408 | ▼ 51.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €267,440 | €260,949 | €336,515 | €363,583 | €394,128 | €328,025 | €291,192 | €264,976 | ▼ 9.0% |
| Fixed assets21/28 | - | €8,482 | €6,362 | €2,121 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €8,482 | €6,362 | €2,121 | - | - | - | - | - |
| Land and buildings22 | - | - | - | €2,121 | - | - | - | - | - |
| Current assets29/58 | €267,440 | €252,467 | €330,153 | €361,462 | €394,128 | €328,025 | €291,192 | €264,976 | ▼ 9.0% |
| Amounts receivable within one year40/41 | €219,159 | €142,786 | €117,025 | €98,091 | €92,989 | €125,186 | €189,325 | €176,873 | ▼ 6.6% |
| Trade receivables40 | - | - | - | €98,091 | €92,989 | €125,186 | €174,826 | €176,873 | ▲ 1.2% |
| Other amounts receivable41 | - | - | - | - | - | - | €14,499 | - | - |
| Cash at bank and in hand54/58 | €48,281 | €109,681 | €213,128 | €263,371 | €301,139 | €202,839 | €101,867 | €88,103 | ▼ 13.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €267,440 | €260,949 | €336,515 | €363,583 | €394,128 | €328,025 | €291,192 | €264,976 | ▼ 9.0% |
| Equity10/15 | €166,277 | €177,431 | €173,231 | €263,713 | €254,609 | €194,534 | €172,676 | €157,268 | ▼ 8.9% |
| Contributions10/11 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Capital10 | - | - | - | €8,600 | €8,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €10,000 | €10,000 | - | - | - | - |
| Reserves13 | €131,860 | €143,560 | €139,560 | €229,560 | €221,560 | €181,560 | €169,860 | €169,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €227,700 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €219,700 | €179,700 | €168,000 | €168,000 | = |
| Profit (loss) carried forward14 | €25,817 | €25,271 | €25,071 | €25,553 | €24,449 | €4,374 | -€5,784 | -€21,192 | ▼ 266% |
| Amounts payable17/49 | €101,163 | €83,518 | €163,284 | €99,870 | €139,519 | €133,491 | €118,516 | €107,708 | ▼ 9.1% |
| Amounts payable within one year42/48 | €101,042 | €83,518 | €163,284 | €94,803 | €139,519 | €133,061 | €118,516 | €107,708 | ▼ 9.1% |
| Trade debts44 | €60,477 | €27,177 | €28,122 | €11,138 | €18,425 | €7,954 | - | €23,057 | - |
| Suppliers440/4 | - | - | - | €8,212 | €15,460 | - | - | €23,057 | - |
| Bills of exchange payable441 | - | - | - | €2,926 | €2,965 | €7,954 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €80,761 | €87,814 | €79,353 | €90,114 | €80,724 | ▼ 10.4% |
| Taxes450/3 | - | - | - | €58,305 | €51,907 | €39,556 | €48,931 | €33,646 | ▼ 31.2% |
| Remuneration and social security454/9 | - | - | - | €22,456 | €35,907 | €39,797 | €41,183 | €47,078 | ▲ 14.3% |
| Other amounts payable47/48 | - | - | - | €2,904 | €33,280 | €45,754 | €28,402 | €3,927 | ▼ 86.2% |
| Accrued charges and deferred income492/3 | - | - | - | €5,067 | - | €430 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,961 | €12,454 | €55,800 | €90,482 | €20,896 | -€20,075 | -€10,158 | -€15,408 | ▼ 51.7% |
| + Depreciation and write-downs630 | - | €2,122 | €2,120 | €4,241 | €2,121 | - | - | - | - |
| Operating cash flow (approximation) | €39,961 | €14,576 | €57,920 | €94,723 | €23,017 | -€20,075 | -€10,158 | -€15,408 | ▼ 51.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - | - | - | - |
| Change in cash | - | €61,400 | €103,447 | €50,243 | €37,768 | -€98,300 | -€100,972 | -€13,764 | ▲ 86.4% |
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, 6,908 companies had the same profile as DS-COMPTA has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DS-COMPTA itself is lower: < 0.1% within 12 months. It rests on far more data about DS-COMPTA 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 6,908 companies, not a prediction for DS-COMPTA. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00422296 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410946 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00362227 | |
| 31-12-2022 | micro format | 27-08-2023 | 2023-00374259 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349055 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57400193 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-50000160 | |
| 31-12-2018 | full format | 03-08-2019 | 2019-45400148 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-53900293 | |
| 31-12-2016 | full format | 24-08-2017 | 2017-48300492 |