Dunathi
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 71% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €72,500 | - | - | - |
| Financial fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | €19,664 | €18,125 | €18,125 | €16,586 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,664 | €18,125 | €18,125 | €16,586 | ▼ 8.5% |
| Other operating charges640/8 | €699 | €578 | €591 | €544 | ▼ 8.0% |
| Gross operating margin9900 | €35,279 | €21,234 | €27,967 | €19,790 | ▼ 29.2% |
| Operating profit (loss)9901 | €14,916 | €2,531 | €9,251 | €2,661 | ▼ 71.2% |
| Financial income75/76B | €1 | €0 | €1 | €266 | ▲ 206× |
| Recurring financial income75 | €1 | €0 | €1 | €266 | ▲ 206× |
| Financial charges65/66B | €1,171 | €1,596 | €1,311 | €508 | ▼ 61.3% |
| Recurring financial charges65 | €1,171 | €1,596 | €1,311 | €508 | ▼ 61.3% |
| Profit (loss) for the period before taxes9903 | €13,746 | €935 | €7,941 | €2,419 | ▼ 69.5% |
| Income taxes67/77 | €3,098 | €578 | €2,050 | €865 | ▼ 57.8% |
| Profit (loss) for the period9904 | €10,648 | €357 | €5,891 | €1,554 | ▼ 73.6% |
| Profit (loss) for the period to be appropriated9905 | €10,648 | €357 | €5,891 | €1,554 | ▼ 73.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €84,655 | €67,133 | €57,984 | €46,553 | ▼ 19.7% |
| Fixed assets21/28 | €52,836 | €34,711 | €16,586 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €52,836 | €34,711 | €16,586 | €0 | ▼ 100% |
| Furniture and vehicles24 | €52,836 | €34,711 | €16,586 | €0 | ▼ 100% |
| Current assets29/58 | €31,819 | €32,423 | €41,398 | €46,553 | ▲ 12.5% |
| Stocks and contracts in progress3 | - | - | €468 | €1,468 | ▲ 214% |
| Stocks30/36 | - | - | €468 | €1,468 | ▲ 214% |
| Amounts receivable within one year40/41 | €17,327 | €9,858 | €16,488 | €8,978 | ▼ 45.5% |
| Trade receivables40 | €17,327 | €9,858 | €16,488 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €8,978 | - |
| Cash at bank and in hand54/58 | €12,760 | €20,154 | €22,261 | €25,549 | ▲ 14.8% |
| Deferred charges and accrued income490/1 | €1,732 | €2,411 | €2,182 | €10,557 | ▲ 384% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €84,655 | €67,133 | €57,984 | €46,553 | ▼ 19.7% |
| Equity10/15 | €15,648 | €16,006 | €21,897 | €8,451 | ▼ 61.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €10,648 | €11,006 | €16,897 | €3,451 | ▼ 79.6% |
| Distributable reserves133 | €10,648 | €11,006 | €16,897 | €3,451 | ▼ 79.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €69,006 | €51,128 | €36,087 | €38,102 | ▲ 5.6% |
| Amounts payable after more than one year17 | €44,176 | €29,679 | €14,955 | €0 | ▼ 100% |
| Financial debts170/4 | €44,176 | €29,679 | €14,955 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €23,099 | €19,038 | €20,755 | €37,702 | ▲ 81.7% |
| Current portion of amounts payable after more than one year42 | €14,272 | €14,496 | €14,724 | €14,955 | ▲ 1.6% |
| Trade debts44 | €1,797 | €1,727 | €367 | €2,772 | ▲ 655% |
| Suppliers440/4 | €1,797 | €1,727 | €367 | €2,772 | ▲ 655% |
| Taxes, remuneration and social security45 | €6,973 | €2,703 | €5,553 | €4,975 | ▼ 10.4% |
| Taxes450/3 | €3,098 | €578 | €3,478 | €2,900 | ▼ 16.6% |
| Remuneration and social security454/9 | €3,875 | €2,125 | €2,075 | €2,075 | = |
| Other amounts payable47/48 | €56 | €110 | €110 | €15,000 | ▲ 136× |
| Accrued charges and deferred income492/3 | €1,732 | €2,411 | €377 | €400 | ▲ 5.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,648 | €357 | €5,891 | €1,554 | ▼ 73.6% |
| + Depreciation and write-downs630 | €19,664 | €18,125 | €18,125 | €16,586 | ▼ 8.5% |
| Operating cash flow (approximation) | €30,313 | €18,482 | €24,016 | €18,140 | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €7,395 | €2,107 | €3,289 | ▲ 56.1% |
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, 3,274 companies had the same profile as Dunathi has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dunathi itself: 1.2% 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 3,274 companies, not a prediction for Dunathi. 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.