DVDM ENGINEERING SERVICES
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 07-10-2026 at the NBB all 17 filings
Turnover
≈ €270,000
Estimated: probably between €180,000 and €470,000
Total assets
€637,525▲ 12.7%
2025 · €565,735
Net result
€46,398▼ 39.2%
2025 · €76,265
Working capital
€171,773▲ 15.9%
2025 · €148,242
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€58,583
▼ 42.4%
2026
20192026
Net result
€46,398
▼ 39.2%
2026
20192026
Equity
€356,087
▲ 15.0%
2026
20192026
Total assets
€637,525
▲ 12.7%
2026
20192026
Debt
€281,438
▲ 9.9%
2026
20192026
Working capital
€171,773
▲ 15.9%
2026
20192026
Solvency
55.9%
▲ 1.1pp
2026
20192026
Current ratio
3.18
▲ 0.47
2026
20192026
Return on assets (ROA)
7.3%
▼ 6.2pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€67,995-€45,881▼ 32.5%€44,046▼ 4.0%€34,058▼ 22.7%€39,199▲ 15.1%€71,239▲ 81.7%€101,634▲ 42.7%€58,583▼ 42.4%
Net result€52,841-€33,095▼ 37.4%€32,552above the sector's middle half▼ 1.6%€9,393within the sector's middle half▼ 71.1%€7,204within the sector's middle half▼ 23.3%€10,868within the sector's middle half▲ 50.9%€76,265above the sector's middle half▲ 602%€46,398▼ 39.2%
Equity€350,223-€383,318▲ 9.4%€381,325above the sector's middle half▼ 0.5%€347,701above the sector's middle half▼ 8.8%€326,306above the sector's middle half▼ 6.2%€286,265above the sector's middle half▼ 12.3%€309,688above the sector's middle half▲ 8.2%€356,087▲ 15.0%
Total assets€395,338-€407,819▲ 3.2%€394,217above the sector's middle half▼ 3.3%€550,467above the sector's middle half▲ 39.6%€629,335above the sector's middle half▲ 14.3%€559,288above the sector's middle half▼ 11.1%€565,735above the sector's middle half▲ 1.2%€637,525▲ 12.7%
Debt€45,114-€24,501▼ 45.7%€12,892▼ 47.4%€202,766▲ 16×€303,029▲ 49.4%€273,024▼ 9.9%€256,047▼ 6.2%€281,438▲ 9.9%
Working capital€332,772-€364,733▲ 9.6%€374,663above the sector's middle half▲ 2.7%€295,874above the sector's middle half▼ 21.0%€208,594above the sector's middle half▼ 29.5%€150,395above the sector's middle half▼ 27.9%€148,242above the sector's middle half▼ 1.4%€171,773▲ 15.9%
Solvency88.6%-94.0%▲ 5.4pp96.7%above the sector's middle half▲ 2.7pp63.2%within the sector's middle half▼ 33.6pp51.8%within the sector's middle half▼ 11.3pp51.2%within the sector's middle half▼ 0.7pp54.7%within the sector's middle half▲ 3.6pp55.9%▲ 1.1pp
Current ratio14.39-18.72▲ 4.3430.06above the sector's middle half▲ 11.349.92above the sector's middle half▼ 20.144.32above the sector's middle half▼ 5.603.31within the sector's middle half▼ 1.012.71within the sector's middle half▼ 0.603.18▲ 0.47
Return on assets (ROA)13.4%-8.1%▼ 5.3pp8.3%within the sector's middle half▲ 0.1pp1.7%within the sector's middle half▼ 6.6pp1.1%within the sector's middle half▼ 0.6pp1.9%within the sector's middle half▲ 0.8pp13.5%within the sector's middle half▲ 11.5pp7.3%▼ 6.2pp
Staff (FTE)0.5-
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 2026 is 42% lower than in 2025.
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
2026 in colour, 2025 as the grey bar beneath
Assets €637,525
Fixed assets
€386,922 ▲ 17.1%
Current assets
€250,603 ▲ 6.6%
Equity and liabilities €637,525
Equity
€356,087 ▲ 15.0%
Debt
€281,438 ▲ 9.9%
Debt's share of the balance-sheet total falls from 45.3% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,193▼
2025 · €123,176
Cash flow
€70,009▼
2025 · €97,807
Debt to equity
0.79▼
2025 · 0.83
ROE
13.0%▼
2025 · 24.6%
Interest coverage
8.72▼
2025 · 14.91
Debt ≤ 1 year
€78,830▼
2025 · €86,940
Debt > 1 year
€200,602▲
2025 · €168,523
Income taxes
€17,291▼
2025 · €29,787
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €167,200 | €277,200 | €277,200 | €277,200 | €277,200 |
| Carrying value of the mortgaged assets | €178,870 | €316,756 | €307,762 | €298,767 | €289,772 |
| Carrying value of the other pledged assets | €35,336 | €26,316 | €17,297 | €8,278 | €77,083 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €228,438 | €153,661 | €6,316 | €8,352 | €84,416 |
| Depreciation and write-downs of the year | €13,679 | €17,221 | €20,433 | €21,542 | €23,610 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €12,670 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,610 | €20,117 | €18,591 | €13,679 | €17,221 | €20,433 | €21,542 | €23,610 | ▲ 9.6% |
| Other operating charges640/8 | - | - | - | €14,607 | €3,870 | €3,488 | €4,311 | €4,289 | ▼ 0.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €4,437 | - |
| Gross operating margin9900 | €109,418 | €69,451 | €63,134 | €62,344 | €60,289 | €95,160 | €127,487 | €90,919 | ▼ 28.7% |
| Operating profit (loss)9901 | €67,995 | €45,881 | €44,046 | €34,058 | €39,199 | €71,239 | €101,634 | €58,583 | ▼ 42.4% |
| Financial income75/76B | - | - | - | €3,344 | €2,038 | €2,078 | €12,679 | €14,531 | ▲ 14.6% |
| Recurring financial income75 | €7,012 | €1,502 | €5,371 | €3,344 | €2,038 | €2,078 | €12,679 | €14,531 | ▲ 14.6% |
| Financial charges65/66B | - | - | - | €24,308 | €27,371 | €57,260 | €8,261 | €9,424 | ▲ 14.1% |
| Recurring financial charges65 | €1,791 | €1,380 | €6,713 | €2,358 | €5,421 | €13,356 | €8,261 | €9,424 | ▲ 14.1% |
| Non-recurring financial charges66B | - | - | - | €21,950 | €21,950 | €43,903 | - | - | - |
| Profit (loss) for the period before taxes9903 | €73,216 | €46,003 | €42,704 | €13,094 | €13,866 | €16,057 | €106,052 | €63,690 | ▼ 39.9% |
| Income taxes67/77 | €20,375 | €12,908 | €10,152 | €3,701 | €6,662 | €5,189 | €29,787 | €17,291 | ▼ 41.9% |
| Profit (loss) for the period9904 | €52,841 | €33,095 | €32,552 | €9,393 | €7,204 | €10,868 | €76,265 | €46,398 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €52,841 | €33,095 | €64,403 | €9,393 | €7,204 | €10,868 | €76,265 | €46,398 | ▼ 39.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €395,338 | €407,819 | €394,217 | €550,467 | €629,335 | €559,288 | €565,735 | €637,525 | ▲ 12.7% |
| Fixed assets21/28 | €37,704 | €22,507 | €6,662 | €221,421 | €357,861 | €343,744 | €330,554 | €386,922 | ▲ 17.1% |
| Tangible fixed assets22/27 | €37,554 | €22,507 | €6,662 | €221,421 | €357,861 | €343,744 | €330,554 | €386,922 | ▲ 17.1% |
| Land and buildings22 | - | - | - | €178,870 | €316,756 | €307,762 | €298,767 | €289,772 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | - | €6,004 | €8,127 | €14,724 | €16,567 | ▲ 12.5% |
| Furniture and vehicles24 | - | - | - | - | €2,495 | €5,195 | €4,347 | €3,499 | ▼ 19.5% |
| Leasing and similar rights25 | - | - | - | €35,336 | €26,316 | €17,297 | €8,278 | €77,083 | ▲ 831% |
| Other tangible fixed assets26 | - | - | - | €7,215 | €6,289 | €5,363 | €4,437 | - | - |
| Financial fixed assets28 | €150 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €357,633 | €385,312 | €387,555 | €329,046 | €271,474 | €215,544 | €235,182 | €250,603 | ▲ 6.6% |
| Amounts receivable after more than one year29 | - | - | - | €20,000 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €20,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €119,588 | €121,824 | €93,699 | €106,594 | €69,804 | €36,906 | €63,078 | €83,992 | ▲ 33.2% |
| Trade receivables40 | - | - | - | €31,228 | €19,482 | €29,069 | - | €8,187 | - |
| Other amounts receivable41 | - | - | - | €75,366 | €50,322 | €7,837 | €63,078 | €75,804 | ▲ 20.2% |
| Current investments50/53 | €73,709 | €88,336 | €130,276 | €161,073 | €171,244 | €173,157 | €152,887 | €151,799 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €162,963 | €102,455 | €100,834 | €38,633 | €28,339 | €4,670 | €18,329 | €11,695 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,746 | €2,087 | €812 | €887 | €3,116 | ▲ 251% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €395,338 | €407,819 | €394,217 | €550,467 | €629,335 | €559,288 | €565,735 | €637,525 | ▲ 12.7% |
| Equity10/15 | €350,223 | €383,318 | €381,325 | €347,701 | €326,306 | €286,265 | €309,688 | €356,087 | ▲ 15.0% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €344,023 | €377,118 | €375,125 | €341,501 | €307,706 | €267,665 | €291,088 | €337,487 | ▲ 15.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €4,226 | €4,226 | €4,226 | €4,226 | €4,226 | = |
| Distributable reserves133 | - | - | - | €335,416 | €301,620 | €261,579 | €285,003 | €331,401 | ▲ 16.3% |
| Amounts payable17/49 | €45,114 | €24,501 | €12,892 | €202,766 | €303,029 | €273,024 | €256,047 | €281,438 | ▲ 9.9% |
| Amounts payable after more than one year17 | €20,253 | €3,922 | - | €169,593 | €240,149 | €204,716 | €168,523 | €200,602 | ▲ 19.0% |
| Financial debts170/4 | - | - | - | €169,593 | €240,149 | €204,716 | €168,523 | €200,602 | ▲ 19.0% |
| Amounts payable within one year42/48 | €24,861 | €20,579 | €12,892 | €33,172 | €62,880 | €65,149 | €86,940 | €78,830 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,532 | €34,692 | €35,433 | €36,193 | €46,469 | ▲ 28.4% |
| Trade debts44 | €4,607 | €4,248 | €4,260 | €143 | €5,664 | €4,934 | €5,487 | €7,342 | ▲ 33.8% |
| Suppliers440/4 | - | - | - | €143 | €5,664 | €4,934 | €5,487 | €7,342 | ▲ 33.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,253 | €315 | €5,516 | €6,660 | - | - |
| Taxes450/3 | - | - | - | €3,253 | €315 | €5,516 | €6,660 | - | - |
| Other amounts payable47/48 | - | - | - | €5,244 | €22,209 | €19,265 | €38,600 | €25,019 | ▼ 35.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €3,159 | €584 | €2,006 | ▲ 244% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,841 | €33,095 | €32,552 | €9,393 | €7,204 | €10,868 | €76,265 | €46,398 | ▼ 39.2% |
| + Depreciation and write-downs630 | €19,610 | €20,117 | €18,591 | €13,679 | €17,221 | €20,433 | €21,542 | €23,610 | ▲ 9.6% |
| Operating cash flow (approximation) | €72,451 | €53,212 | €51,143 | €23,071 | €24,425 | €31,301 | €97,807 | €70,009 | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | -€4,920 | -€2,745 | -€228,438 | -€153,661 | -€6,316 | -€8,352 | -€79,978 | ▼ 858% |
| Change in cash | - | -€60,507 | -€1,621 | -€62,201 | -€10,295 | -€23,669 | €13,660 | -€6,634 | - |
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, 17,811 companies had the same profile as DVDM ENGINEERING SERVICES has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of DVDM ENGINEERING SERVICES itself: 0.3% 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 17,811 companies, not a prediction for DVDM ENGINEERING SERVICES. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 07-10-2026 | 2026-00549648 | |
| 31-03-2025 | micro format | 29-10-2025 | 2025-00552007 | |
| 31-03-2024 | micro format | 04-10-2024 | 2024-00493087 | |
| 31-03-2023 | micro format | 03-10-2023 | 2023-00467651 | |
| 31-03-2022 | micro format | 29-09-2022 | 2022-20439428 | |
| 31-03-2021 | micro format | 30-09-2021 | 2021-69200436 | |
| 31-03-2020 | micro format | 01-10-2020 | 2020-57300433 | |
| 31-03-2019 | micro format | 01-10-2019 | 2019-67100014 | |
| 31-03-2018 | micro format | 20-09-2018 | 2018-63500131 | |
| 31-03-2017 | micro format | 05-10-2017 | 2017-66100117 |