DURV
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 23-09-2025 PDF all 34 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €2.1m
Estimated: probably between €1.3m and €3.6m
Total assets
€2.5m▼ 12.5%
2023 · €2.8m
Net result
-€177,051▲ 54.1%
2023 · -€385,907
Working capital
€533,978▼ 58.5%
2023 · €1.3m
In the rankings
#10 company by total assets in Zottegem, Manufacturing sector#10 oldest company in Zottegem, Manufacturing sector
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€85,560
▲ 70.8%
2024
20182024
Net result
-€177,051
▲ 54.1%
2024
lowest quarter of the sector
20182024
Equity
€283,337
▼ 38.5%
2024
middle half of the sector
20182024
Total assets
€2.5m
▼ 12.5%
2024
middle half of the sector
20182024
Debt
€2.2m
▼ 7.4%
2024
20182024
Working capital
€533,978
▼ 58.5%
2024
middle half of the sector
20182024
Solvency
11.5%
▼ 4.9pp
2024
lowest quarter of the sector
20182024
Current ratio
1.30
▼ 0.66
2024
middle half of the sector
20182024
Return on assets (ROA)
-7.2%
▲ 6.5pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
9.3
▼ 32.1%
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.09m-€0.2m▲ 110%€0.08m▼ 60.1%€0.1m▲ 26.1%€0.1m▲ 25.3%-€0.3m-€0.09m▲ 70.8%
Net result€175-€0.09m▲ 515×€0.008mwithin the sector's middle half▼ 90.7%-€0.02mbelow the sector's middle half€0.02mwithin the sector's middle half-€0.4mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 54.1%
Equity€0.7m-€0.8m▲ 12.1%€0.8mwithin the sector's middle half▲ 1.0%€0.8mabove the sector's middle half▼ 2.3%€0.8mwithin the sector's middle half▲ 2.2%€0.5mwithin the sector's middle half▼ 45.6%€0.3mwithin the sector's middle half▼ 38.5%
Total assets€3.9m-€3.7m▼ 5.6%€3.0mabove the sector's middle half▼ 18.9%€3.3mabove the sector's middle half▲ 9.2%€3.5mabove the sector's middle half▲ 7.7%€2.8mwithin the sector's middle half▼ 20.3%€2.5mwithin the sector's middle half▼ 12.5%
Debt€3.1m-€2.8m▼ 9.8%€2.2m▼ 24.2%€2.4m▲ 13.7%€2.7m▲ 9.6%€2.4m▼ 12.3%€2.2m▼ 7.4%
Working capital€1.5m-€2.0m▲ 27.9%€1.6mabove the sector's middle half▼ 18.1%€1.6mabove the sector's middle half▲ 0.3%€1.7mabove the sector's middle half▲ 4.1%€1.3mabove the sector's middle half▼ 23.1%€0.5mwithin the sector's middle half▼ 58.5%
Solvency19.1%-22.7%▲ 3.6pp28.2%within the sector's middle half▲ 5.6pp25.3%within the sector's middle half▼ 3.0pp24.0%below the sector's middle half▼ 1.3pp16.4%below the sector's middle half▼ 7.6pp11.5%below the sector's middle half▼ 4.9pp
Current ratio1.74-2.25▲ 0.512.35within the sector's middle half▲ 0.102.14within the sector's middle half▼ 0.212.02within the sector's middle half▼ 0.121.96within the sector's middle half▼ 0.061.30within the sector's middle half▼ 0.66
Return on assets (ROA)0.0%-2.4%▲ 2.4pp0.3%below the sector's middle half▼ 2.2pp-0.6%below the sector's middle half▼ 0.9pp0.5%below the sector's middle half▲ 1.1pp-13.7%below the sector's middle half▼ 14.2pp-7.2%below the sector's middle half▲ 6.5pp
Staff (FTE)20.6-20.8▲ 1.0%20.4above the sector's middle half▼ 1.9%19.4▼ 4.9%18.8above the sector's middle half▼ 3.1%13.7within the sector's middle half▼ 27.1%9.3within the sector's middle half▼ 32.1%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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 2024 is a loss of €85,560, smaller than the loss of €293,388 in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€144,360 ▼ 22.1%
Current assets
€2.3m ▼ 11.8%
Equity and liabilities €2.5m
Equity
€283,337 ▼ 38.5%
Debt
€2.2m ▼ 7.4%
Debt's share of the balance-sheet total rises from 83.6% to 88.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,520▲
2023 · -€239,905
Cash flow
-€119,012▲
2023 · -€332,423
Quick ratio
0.94▼
2023 · 1.41
Debt to equity
7.69▲
2023 · 5.11
ROE
-62.5%▲
2023 · -83.8%
Interest coverage
-0.29▲
2023 · -2.54
Debt ≤ 1 year
€1.8m▲
2023 · €1.3m
Debt > 1 year
€395,000▼
2023 · €861,113
Income taxes
€623▼
2023 · €2,062
Staff costs
€595,495▼
2023 · €689,735
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 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 15 | 10 | 9 |
| full-time | 16 | 15 | 10 | 9 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 16 | 15 | 10 | 9 |
| Average over the year, in full-time equivalents | 19.4 | 18.8 | 13.7 | 9.3 |
| On a permanent contract | 16 | 15 | 10 | 9 |
| Joined | 5 | 7 | 3 | 4 |
| Left | 9 | 8 | 8 | 5 |
| Training hours | 24 | 240 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €122,347 | €15,000 | €16,622 | €16,915 |
| Intangible fixed assets | €2,860 | - | - | - |
| Financial fixed assets | - | - | - | €135 |
| Depreciation and write-downs of the year | €46,229 | €53,914 | €53,483 | €58,039 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €604 awarded · €589 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €355 |
| 2024 | 1 | €370 | €0 |
| 2023 | 1 | €234 | €234 |
Public contracts
1 award · 2017
Invitation to tender No 06A50/2015/M066 — Framework contract for structural and finishing works at the European Parliament buildings in Brussels.: Lot A: metal joinery
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €0.7m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.9m | €0.7m | €0.6m | ▼ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.06m | ▲ 8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.001m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.02m | €0.3m | ▲ 13× |
| Gross operating margin9900 | €1.2m | €1.4m | €0.9m | €1.1m | €1.1m | €0.5m | €0.9m | ▲ 87.5% |
| Operating profit (loss)9901 | €0.09m | €0.2m | €0.08m | €0.1m | €0.1m | -€0.3m | -€0.09m | ▲ 70.8% |
| Financial income75/76B | - | - | - | €0.003m | €0.004m | €0.004m | €0.003m | ▼ 33.3% |
| Recurring financial income75 | €0.005m | €0.001m | €0.004m | €0.003m | €0.004m | €0.004m | €0.003m | ▼ 33.3% |
| Financial charges65/66B | - | - | - | €0.09m | €0.08m | €0.09m | €0.09m | ▼ 0.9% |
| Recurring financial charges65 | €0.08m | €0.08m | €0.08m | €0.09m | €0.08m | €0.09m | €0.09m | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.1m | €0.003m | €0.009m | €0.05m | -€0.4m | -€0.2m | ▲ 54.0% |
| Income taxes67/77 | €0.01m | €0.03m | -€0.006m | €0.03m | €0.03m | €0.002m | €0.001m | ▼ 69.8% |
| Profit (loss) for the period9904 | €175 | €0.09m | €0.008m | -€0.02m | €0.02m | -€0.4m | -€0.2m | ▲ 54.1% |
| Profit (loss) for the period to be appropriated9905 | €175 | €0.09m | €0.008m | -€0.02m | €0.02m | -€0.4m | -€0.2m | ▲ 54.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.9m | €3.7m | €3.0m | €3.3m | €3.5m | €2.8m | €2.5m | ▼ 12.5% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 22.1% |
| Intangible fixed assets21 | €0.002m | €0.001m | €0 | €0.003m | €0.002m | €0.001m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 22.8% |
| Plant, machinery and equipment23 | - | - | - | €0.08m | €0.08m | €0.06m | €0.05m | ▼ 23.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.07m | €0.05m | ▼ 31.3% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 7.3% |
| Financial fixed assets28 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | ▲ 1.8% |
| Current assets29/58 | €3.6m | €3.5m | €2.8m | €3.0m | €3.3m | €2.6m | €2.3m | ▼ 11.8% |
| Stocks and contracts in progress3 | €0.02m | €0.01m | €0.01m | €0.6m | €0.5m | €0.7m | €0.6m | ▼ 11.8% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 1.1% |
| Contracts in progress37 | - | - | - | €0.6m | €0.5m | €0.7m | €0.6m | ▼ 12.0% |
| Amounts receivable within one year40/41 | €3.0m | €2.4m | €1.7m | €2.0m | €2.4m | €1.8m | €1.4m | ▼ 21.0% |
| Trade receivables40 | - | - | - | €1.7m | €2.0m | €1.5m | €1.3m | ▼ 8.4% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.4m | €0.1m | ▼ 70.1% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.8m | €0.7m | €0.4m | €0.4m | €0.06m | €0.2m | ▲ 274% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.008m | €0.006m | ▼ 20.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.9m | €3.7m | €3.0m | €3.3m | €3.5m | €2.8m | €2.5m | ▼ 12.5% |
| Equity10/15 | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.5m | €0.3m | ▼ 38.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | -€0.2m | -€0.4m | ▼ 74.0% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | - | - | - | - | - | - |
| Amounts payable17/49 | €3.1m | €2.8m | €2.2m | €2.4m | €2.7m | €2.4m | €2.2m | ▼ 7.4% |
| Amounts payable after more than one year17 | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.4m | ▼ 54.1% |
| Financial debts170/4 | - | - | - | €0.9m | €0.9m | €0.9m | €0.4m | ▼ 54.1% |
| Amounts payable within one year42/48 | €2.1m | €1.6m | €1.2m | €1.4m | €1.6m | €1.3m | €1.8m | ▲ 33.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 33.5% |
| Financial debts43 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Credit institutions430/8 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Trade debts44 | €1.0m | €0.6m | €0.4m | €0.6m | €0.9m | €0.6m | €1.0m | ▲ 54.8% |
| Suppliers440/4 | - | - | - | €0.6m | €0.9m | €0.6m | €1.0m | ▲ 54.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.07m | €0.05m | €0.2m | ▲ 229% |
| Taxes450/3 | - | - | - | €0.006m | €0.03m | €0.03m | €0.02m | ▼ 53.7% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.04m | €0.02m | €0.2m | ▲ 734% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.09m | €0.09m | €0.1m | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €175 | €90,378 | €8,413 | -€19,743 | €18,465 | -€385,907 | -€177,051 | ▲ 54.1% |
| + Depreciation and write-downs630 | €88,073 | €47,488 | €48,836 | €46,229 | €53,914 | €53,483 | €58,039 | ▲ 8.5% |
| Operating cash flow (approximation) | €88,248 | €137,866 | €57,248 | €26,486 | €72,378 | -€332,423 | -€119,012 | ▲ 64.2% |
| Investment in fixed assets (approximation) | - | €99,718 | -€85,031 | -€93,300 | -€15,000 | -€16,622 | -€17,050 | ▼ 2.6% |
| Change in cash | - | €681,331 | -€110,068 | -€340,968 | -€40,135 | -€298,217 | €162,977 | - |
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, 2,450 companies had the same profile as DURV has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.3%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DURV itself is higher: 4.3% within 12 months. It rests on far more data about DURV 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 2,450 companies, not a prediction for DURV. 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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 23-09-2025 | 2025-00501601 | |
| 31-12-2023 | abbreviated format | 07-10-2024 | 2024-00502309 | |
| 31-12-2022 | abbreviated format | 26-09-2023 | 2023-00456097 | |
| 31-12-2021 | micro format | 01-12-2022 | 2022-20531059 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-35000288 | |
| 31-12-2019 | abbreviated format | 16-11-2020 | 2020-70600336 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56800118 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57100421 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31800355 | |
| 31-12-2015 | abbreviated format | 27-07-2016 | 2016-35800593 |