DV - MICRO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 26 filings
Turnover
≈ €230,000
Estimated: probably between €190,000 and €290,000
Total assets
€634,214▲ 4.8%
2024 · €605,343
Net result
€68,876▲ 30.1%
2024 · €52,929
Working capital
€599,554▲ 12.8%
2024 · €531,555
In the rankings
#3 company by equity in Sint-Genesius-Rode, Telecoms and IT sector#8 company by total assets in Sint-Genesius-Rode, Telecoms and IT sector#9 oldest company in Sint-Genesius-Rode, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€93,208
▲ 85.6%
2025
20182025
Net result
€68,876
▲ 30.1%
2025
highest quarter of the sector
20182025
Equity
€604,032
▲ 12.9%
2025
highest quarter of the sector
20182025
Total assets
€634,214
▲ 4.8%
2025
highest quarter of the sector
20182025
Debt
€30,182
▼ 57.0%
2025
20182025
Working capital
€599,554
▲ 12.8%
2025
highest quarter of the sector
20182025
Solvency
95.2%
▲ 6.8pp
2025
highest quarter of the sector
20182025
Current ratio
20.86
▲ 12.29
2025
highest quarter of the sector
20182025
Return on assets (ROA)
10.9%
▲ 2.1pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€52,909-€55,745▲ 5.4%€26,824▼ 51.9%€90,303▲ 237%€31,210▼ 65.4%€10,338▼ 66.9%€50,232▲ 386%€93,208▲ 85.6%
Net result€42,311-€41,864▼ 1.1%€6,401within the sector's middle half▼ 84.7%€69,974above the sector's middle half▲ 993%€15,193within the sector's middle half▼ 78.3%€12,332within the sector's middle half▼ 18.8%€52,929within the sector's middle half▲ 329%€68,876above the sector's middle half▲ 30.1%
Equity€338,086-€378,350▲ 11.9%€384,728above the sector's middle half▲ 1.7%€454,703above the sector's middle half▲ 18.2%€469,895above the sector's middle half▲ 3.3%€482,228above the sector's middle half▲ 2.6%€535,156above the sector's middle half▲ 11.0%€604,032above the sector's middle half▲ 12.9%
Total assets€373,034-€446,261▲ 19.6%€449,126above the sector's middle half▲ 0.6%€549,535above the sector's middle half▲ 22.4%€530,686above the sector's middle half▼ 3.4%€544,279above the sector's middle half▲ 2.6%€605,343above the sector's middle half▲ 11.2%€634,214above the sector's middle half▲ 4.8%
Debt€34,948-€67,912▲ 94.3%€64,397▼ 5.2%€94,833▲ 47.3%€60,791▼ 35.9%€62,052▲ 2.1%€70,187▲ 13.1%€30,182▼ 57.0%
Working capital€330,524-€376,704▲ 14.0%€359,311above the sector's middle half▼ 4.6%€435,674above the sector's middle half▲ 21.3%€452,762above the sector's middle half▲ 3.9%€489,614above the sector's middle half▲ 8.1%€531,555above the sector's middle half▲ 8.6%€599,554above the sector's middle half▲ 12.8%
Solvency90.6%-84.8%▼ 5.8pp85.7%above the sector's middle half▲ 0.9pp82.7%above the sector's middle half▼ 2.9pp88.5%above the sector's middle half▲ 5.8pp88.6%above the sector's middle half▲ 0.1pp88.4%above the sector's middle half▼ 0.2pp95.2%above the sector's middle half▲ 6.8pp
Current ratio10.46-6.55▼ 3.916.58above the sector's middle half▲ 0.035.59above the sector's middle half▼ 0.998.45above the sector's middle half▲ 2.8512.04above the sector's middle half▲ 3.598.57above the sector's middle half▼ 3.4720.86above the sector's middle half▲ 12.29
Return on assets (ROA)11.3%-9.4%▼ 2.0pp1.4%below the sector's middle half▼ 8.0pp12.7%within the sector's middle half▲ 11.3pp2.9%below the sector's middle half▼ 9.9pp2.3%below the sector's middle half▼ 0.6pp8.7%within the sector's middle half▲ 6.5pp10.9%within the sector's middle half▲ 2.1pp
Staff (FTE)0.5-
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 86% higher than in 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €634,214
Fixed assets
€4,479 ▲ 24.4%
Current assets
€629,735 ▲ 4.7%
Equity and liabilities €634,214
Equity
€604,032 ▲ 12.9%
Debt
€30,182 ▼ 57.0%
Debt's share of the balance-sheet total falls from 11.6% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,044▲
2024 · €56,951
Cash flow
€71,713▲
2024 · €59,648
Debt to equity
0.05▼
2024 · 0.13
ROE
11.4%▲
2024 · 9.9%
Interest coverage
over 100▲
2024 · 6.02
Debt ≤ 1 year
€30,182▼
2024 · €70,187
Income taxes
€27,410▲
2024 · €20,681
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,260 | - | €2,783 | €3,773 |
| Depreciation and write-downs of the year | €6,389 | €7,155 | €6,813 | €6,719 | €2,837 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €179 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,332 | €5,916 | €3,850 | €6,389 | €7,155 | €6,813 | €6,719 | €2,837 | ▼ 57.8% |
| Other operating charges640/8 | - | - | - | €1,072 | €1,007 | €1,088 | €1,137 | €1,177 | ▲ 3.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €59 | - |
| Gross operating margin9900 | €105,021 | €62,436 | €31,981 | €97,763 | €39,372 | €18,239 | €58,088 | €97,281 | ▲ 67.5% |
| Operating profit (loss)9901 | €52,909 | €55,745 | €26,824 | €90,303 | €31,210 | €10,338 | €50,232 | €93,208 | ▲ 85.6% |
| Financial income75/76B | - | - | - | €11,481 | €7,454 | €1,817 | €32,846 | €3,176 | ▼ 90.3% |
| Recurring financial income75 | €7,297 | €3,759 | €0 | €11,481 | €7,454 | €1,817 | €32,846 | €3,176 | ▼ 90.3% |
| Financial charges65/66B | - | - | - | €3,133 | €12,537 | -€4,579 | €9,468 | €98 | ▼ 99.0% |
| Recurring financial charges65 | €769 | €790 | €16,309 | €3,133 | €12,537 | -€4,579 | €9,468 | €98 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | €59,436 | €58,740 | €10,515 | €98,651 | €26,127 | €16,734 | €73,610 | €96,286 | ▲ 30.8% |
| Income taxes67/77 | €17,125 | €16,876 | €4,114 | €28,676 | €10,934 | €4,401 | €20,681 | €27,410 | ▲ 32.5% |
| Profit (loss) for the period9904 | €42,311 | €41,864 | €6,401 | €69,974 | €15,193 | €12,332 | €52,929 | €68,876 | ▲ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €42,311 | €41,864 | €6,401 | €69,974 | €15,193 | €12,332 | €52,929 | €68,876 | ▲ 30.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €373,034 | €446,261 | €449,126 | €549,535 | €530,686 | €544,279 | €605,343 | €634,214 | ▲ 4.8% |
| Fixed assets21/28 | €7,561 | €1,645 | €25,417 | €19,029 | €17,133 | €10,320 | €3,601 | €4,479 | ▲ 24.4% |
| Tangible fixed assets22/27 | €7,561 | €1,645 | €25,417 | €19,029 | €17,133 | €10,320 | €3,601 | €4,479 | ▲ 24.4% |
| Plant, machinery and equipment23 | - | - | - | €1,769 | €838 | €0 | €1,856 | €3,599 | ▲ 94.0% |
| Furniture and vehicles24 | - | - | - | €17,260 | €13,512 | €7,537 | €1,746 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | - | €2,783 | €2,783 | €0 | €880 | - |
| Current assets29/58 | €365,473 | €444,616 | €423,709 | €530,507 | €513,553 | €533,959 | €601,742 | €629,735 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €92,779 | €79,232 | €41,887 | €40,689 | €35,519 | €69,701 | €102,612 | €23,374 | ▼ 77.2% |
| Trade receivables40 | - | - | - | €31,280 | €23,660 | €53,538 | €86,450 | €23,374 | ▼ 73.0% |
| Other amounts receivable41 | - | - | - | €9,409 | €11,859 | €16,163 | €16,162 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €192,682 | €324,808 | €383,964 | €438,001 | €475,648 | €584,872 | ▲ 23.0% |
| Cash at bank and in hand54/58 | €267,930 | €360,717 | €184,302 | €157,922 | €89,593 | €24,472 | €22,232 | €19,456 | ▼ 12.5% |
| Deferred charges and accrued income490/1 | - | - | - | €7,088 | €4,478 | €1,784 | €1,249 | €2,034 | ▲ 62.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €373,034 | €446,261 | €449,126 | €549,535 | €530,686 | €544,279 | €605,343 | €634,214 | ▲ 4.8% |
| Equity10/15 | €338,086 | €378,350 | €384,728 | €454,703 | €469,895 | €482,228 | €535,156 | €604,032 | ▲ 12.9% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €316,616 | €356,880 | €363,259 | €433,234 | €448,426 | €460,758 | €513,687 | €582,563 | ▲ 13.4% |
| Non-distributable reserves130/1 | - | - | - | €17,300 | €17,300 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €17,300 | €17,300 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €415,934 | €431,126 | €460,758 | €513,687 | €582,563 | ▲ 13.4% |
| Profit (loss) carried forward14 | €1,469 | €1,469 | €1,469 | €1,469 | €1,469 | €1,469 | €1,469 | €1,469 | = |
| Amounts payable17/49 | €34,948 | €67,912 | €64,397 | €94,833 | €60,791 | €62,052 | €70,187 | €30,182 | ▼ 57.0% |
| Amounts payable within one year42/48 | €34,948 | €67,912 | €64,397 | €94,833 | €60,791 | €44,345 | €70,187 | €30,182 | ▼ 57.0% |
| Financial debts43 | - | - | - | - | €3,847 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €3,847 | €0 | - | - | - |
| Trade debts44 | €829 | €4,053 | €619 | €1,479 | €1,562 | €404 | €861 | €1,984 | ▲ 130% |
| Suppliers440/4 | - | - | - | €1,479 | €1,562 | €404 | €861 | €1,984 | ▲ 130% |
| Taxes, remuneration and social security45 | - | - | - | €12,446 | €9,460 | €8,853 | €31,307 | €9,757 | ▼ 68.8% |
| Taxes450/3 | - | - | - | €12,446 | €9,460 | €8,853 | €31,307 | €9,757 | ▼ 68.8% |
| Other amounts payable47/48 | - | - | - | €80,907 | €45,923 | €35,087 | €38,019 | €18,440 | ▼ 51.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €17,707 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,311 | €41,864 | €6,401 | €69,974 | €15,193 | €12,332 | €52,929 | €68,876 | ▲ 30.1% |
| + Depreciation and write-downs630 | €8,332 | €5,916 | €3,850 | €6,389 | €7,155 | €6,813 | €6,719 | €2,837 | ▼ 57.8% |
| Operating cash flow (approximation) | €50,643 | €47,780 | €10,251 | €76,363 | €22,348 | €19,145 | €59,648 | €71,713 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | €0 | -€27,622 | €0 | -€5,260 | €0 | €0 | -€3,714 | - |
| Change in cash | - | €92,787 | -€176,415 | -€26,380 | -€68,329 | -€65,120 | -€2,240 | -€2,776 | ▼ 23.9% |
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, 20,136 companies had the same profile as DV - MICRO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of DV - MICRO itself: 0.1% 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 20,136 companies, not a prediction for DV - MICRO. 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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00276558 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00278510 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00425975 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00331468 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20444106 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26600162 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33500069 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57800510 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56000165 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20300321 |