DV²
Annual accounts 2025
abbreviated format, filed on 21-07-2026, 10 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €82,000 and €260,000.
Balance sheet
balance sheet total €457,524 on 31-12-2025in euro
in euro
Position in the sector
21.0%
Higher than 30% of 2,815 companies in 2025.
0.26
Lower than 95% of 2,744 companies in 2025.
2.9%
Higher than 45% of 2,780 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
457,524 | 454,501 | 501,292 | 378,605 | 319,127 | 253,265 | |
20 |
391 | 954 | 1,517 | 2,079 | 2,642 | 3,204 | |
21/28 |
414,063 | 415,635 | 415,433 | 254,826 | 276,000 | 248,000 | |
22/27 |
961 | 2,533 | 2,331 | 1,724 | - | - | |
23 |
376 | 1,270 | 2,331 | 1,724 | - | - | |
24 |
585 | 1,262 | - | - | - | - | |
28 |
413,102 | 413,102 | 413,102 | 253,102 | 276,000 | 248,000 | |
29/58 |
43,069 | 37,912 | 84,342 | 121,699 | 40,485 | 2,060 | |
40/41 |
26,220 | 28,220 | 75,027 | 114,121 | 35,656 | 888 | |
40 |
420 | 2,420 | 7,527 | 33,957 | 35,656 | 105 | |
41 |
25,800 | 25,800 | 67,500 | 80,164 | 0 | 783 | |
54/58 |
16,012 | 8,292 | 3,986 | 4,128 | 3,287 | 1,173 | |
490/1 |
838 | 1,401 | 5,329 | 3,450 | 1,543 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
457,524 | 454,501 | 501,292 | 378,605 | 319,127 | 253,265 | |
10/15 |
96,019 | 82,927 | 90,436 | 76,673 | 55,162 | 31,175 | |
10/11 |
35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | |
14 |
61,019 | 47,927 | 55,436 | 41,673 | 20,162 | -3,825 | |
17/49 |
361,505 | 371,574 | 410,856 | 301,932 | 263,965 | 222,090 | |
17 |
180,439 | 202,456 | 224,185 | 85,630 | 106,794 | 152,681 | |
170/4 |
180,439 | 202,456 | 224,185 | 85,630 | 106,794 | 152,681 | |
42/48 |
165,993 | 156,363 | 175,369 | 211,678 | 154,665 | 69,098 | |
42 |
22,017 | 21,729 | 21,445 | 21,164 | 53,887 | 50,058 | |
44 |
19,638 | 3,405 | 15,676 | 38,040 | 16,564 | 8,582 | |
440/4 |
19,638 | 3,405 | 15,676 | 38,040 | 16,564 | 8,582 | |
45 |
7,067 | 12,239 | 14,689 | 13,245 | 7,739 | 0 | |
450/3 |
7,067 | 12,239 | 13,694 | 13,245 | 7,739 | 0 | |
454/9 |
- | 0 | 996 | - | - | - | |
47/48 |
117,271 | 118,991 | 123,558 | 139,228 | 76,475 | 10,458 | |
492/3 |
15,073 | 12,754 | 11,302 | 4,625 | 2,507 | 311 | |
| Income statement | |||||||
9900 |
30,620 | 45,131 | 30,738 | 33,926 | 35,960 | 292 | |
630 |
2,134 | 1,716 | 1,260 | 730 | 563 | 733 | |
631/4 |
2,000 | - | - | - | - | - | |
640/8 |
803 | 998 | 1,314 | 1,599 | 1,370 | 895 | |
66A |
0 | 36,000 | - | - | - | - | |
9901 |
25,683 | 6,417 | 28,163 | 31,597 | 34,028 | -1,336 | |
75/76B |
0 | 8 | 2,134 | 2,095 | - | - | |
75 |
0 | 8 | 2,134 | 2,095 | - | - | |
65/66B |
10,462 | 13,934 | 10,768 | 6,116 | 4,513 | 2,489 | |
65 |
10,462 | 13,934 | 10,768 | 6,116 | 4,513 | 2,489 | |
9903 |
15,221 | -7,509 | 19,530 | 27,576 | 29,515 | -3,825 | |
67/77 |
2,130 | 0 | 5,766 | 6,065 | 5,528 | - | |
9904 |
13,092 | -7,509 | 13,763 | 21,511 | 23,987 | -3,825 | |
9905 |
13,092 | -7,509 | 13,763 | 21,511 | 23,987 | -3,825 | |
| Appropriation of the result | |||||||
9906 |
61,019 | 47,927 | 55,436 | 41,673 | 20,162 | -3,825 | |
14P |
47,927 | 55,436 | 41,673 | 20,162 | -3,825 | - | |
| Social balance sheet | |||||||
9087 |
0 | 0 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 18 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 21-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-07-2026 | 2026-00319663 | |
| 31-12-2024 | abbreviated format | 18-07-2025 | 2025-00289978 | |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00212741 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00237903 | |
| 31-12-2021 | abbreviated format | 11-08-2022 | 2022-20282487 | |
| 31-12-2020 | abbreviated format | 10-07-2021 | 2021-34000264 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €795 awarded, €795 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €557 | €557 |
| 2024 | 1 | €238 | €238 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 27,817 | 8,133 | 29,423 | 32,327 | 34,590 | -603 | ||
| 15,226 | -5,793 | 15,024 | 22,241 | 24,550 | -3,092 | ||
| 563 | 1,355 | 161,305 | 1,892 | 28,000 | 248,000 | ||
| 7,720 | 4,306 | -142 | 841 | 2,114 | - | ||
| -122,924 | -118,451 | -91,026 | -89,978 | -114,179 | -67,038 | ||
| 21.0% | 18.2% | 18.0% | 20.3% | 17.3% | 12.3% | ||
| 0.26 | 0.24 | 0.48 | 0.57 | 0.26 | 0.03 | ||
| 3.76 | 4.48 | 4.54 | 3.94 | 4.79 | 7.12 | ||
| 13.6% | -9.1% | 15.2% | 28.1% | 43.5% | -12.3% | ||
| 2.9% | -1.7% | 2.7% | 5.7% | 7.5% | -1.5% | ||
| 2.66 | 0.58 | 2.73 | 5.29 | 7.66 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €42,456 | €64,185 | €85,630 | €106,794 | €127,681 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,355 | €1,305 | €1,892 | - |
| Financial fixed assets | - | - | €160,000 | - | €28,000 |
| €2,134 | €1,716 | €1,260 | €730 | €563 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DV²
The operating result for 2025 is 4 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 81.8% to 79.0%. Equity is higher and debt is lower.