DVN PROJECTS
ActiveSummary
DVN PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €23k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 16.24 against 11.92 in 2023; short-term debt: 5.3% and cash: 46.9% of total assets), and 5.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
32 d early
2022
50 d early
2021
10 d early
2020
3 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
€135k
EBIT margin
17.8%
Net result
€23k▲ 47.0%
2023 · €16k
Working capital
€141k▲ 18.2%
2023 · €119k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€135k
Operating result€14k▼ 39.5%€8k▼ 44.9%€12k▲ 49.9%€24k▲ 105%€31k▲ 27.7%
Net result€9k▼ 44.0%€4k▼ 53.9%€6k▲ 36.5%€16k▲ 177%€23k▲ 47.0%
EBIT margin17.8%
Equity€127k▲ 7.5%€132k▲ 3.2%€137k▲ 4.3%€153k▲ 11.3%€166k▲ 8.4%
Total assets€156k▲ 0.6%€151k▼ 3.3%€165k▲ 9.8%€166k▲ 0.2%€175k▲ 5.5%
Debt€28k▼ 22.2%€19k▼ 32.5%€28k▲ 47.8%€13k▼ 54.1%€9k▼ 28.5%
Working capital€72k▲ 9.0%€85k▲ 17.8%€90k▲ 6.6%€119k▲ 32.1%€141k▲ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175k
Fixed assets
€25k ▼ 30.6%
Current assets
€150k ▲ 15.4%
Equity and liabilities €175k
Equity
€166k ▲ 8.4%
Debt
€9k ▼ 28.5%
Debt's share of the balance-sheet total falls from 7.8% to 5.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2023 · €47k
Cash flow
€38k▼
2023 · €38k
Current ratio
16.24▲
2023 · 11.92
Debt to equity
0.06▼
2023 · 0.08
ROE
13.8%▲
2023 · 10.2%
ROA
13.1%▲
2023 · 9.4%
Interest coverage
240.34▲
2023 · 117.60
Debt ≤ 1 year
€9k▼
2023 · €11k
Income taxes
€11k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €135k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €96k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €20k | €22k | €22k | €15k | ▼ 33.1% |
| Other operating charges640/8 | - | €1k | €3k | €2k | €2k | ▼ 15.3% |
| Gross operating margin9900 | €34k | €29k | €36k | €49k | €48k | ▼ 2.3% |
| Operating profit (loss)9901 | €14k | €8k | €12k | €24k | €31k | ▲ 27.7% |
| Financial income75/76B | - | €0 | €0 | €382 | €3k | ▲ 707% |
| Recurring financial income75 | €27 | €0 | €0 | €382 | €3k | ▲ 707% |
| Financial charges65/66B | - | €332 | €498 | €396 | €190 | ▼ 51.9% |
| Recurring financial charges65 | €346 | €332 | €498 | €396 | €190 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €14k | €8k | €11k | €24k | €34k | ▲ 39.8% |
| Income taxes67/77 | €5k | €3k | €6k | €9k | €11k | ▲ 26.7% |
| Profit (loss) for the period9904 | €9k | €4k | €6k | €16k | €23k | ▲ 47.0% |
| Profit (loss) for the period to be appropriated9905 | €9k | €4k | €6k | €16k | €23k | ▲ 47.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156k | €151k | €165k | €166k | €175k | ▲ 5.5% |
| Fixed assets21/28 | €71k | €55k | €57k | €36k | €25k | ▼ 30.6% |
| Tangible fixed assets22/27 | €71k | €55k | €57k | €36k | €25k | ▼ 30.6% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | - | €18k | €28k | €16k | €12k | ▼ 24.9% |
| Other tangible fixed assets26 | - | €37k | €28k | €20k | €11k | ▼ 44.8% |
| Current assets29/58 | €85k | €96k | €109k | €130k | €150k | ▲ 15.4% |
| Amounts receivable within one year40/41 | €15k | €22k | €27k | €16k | €68k | ▲ 331% |
| Trade receivables40 | - | €13k | €14k | €14k | €15k | ▲ 3.6% |
| Other amounts receivable41 | - | €10k | €13k | €2k | €54k | ▲ 3,251% |
| Cash at bank and in hand54/58 | €70k | €73k | €82k | €114k | €82k | ▼ 28.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156k | €151k | €165k | €166k | €175k | ▲ 5.5% |
| Equity10/15 | €127k | €132k | €137k | €153k | €166k | ▲ 8.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €116k | €120k | €125k | €140k | €153k | ▲ 8.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €118k | €123k | €140k | €153k | ▲ 8.9% |
| Profit (loss) carried forward14 | €6k | €6k | €6k | €6k | €7k | ▲ 5.3% |
| Amounts payable17/49 | €28k | €19k | €28k | €13k | €9k | ▼ 28.5% |
| Amounts payable after more than one year17 | €15k | €8k | €10k | €2k | - | - |
| Financial debts170/4 | - | €8k | €10k | €2k | - | - |
| Amounts payable within one year42/48 | €13k | €11k | €18k | €11k | €9k | ▼ 15.3% |
| Current portion of amounts payable after more than one year42 | - | €7k | €12k | €7k | €2k | ▼ 71.8% |
| Financial debts43 | - | €833 | €918 | - | - | - |
| Credit institutions430/8 | - | €833 | €918 | - | - | - |
| Trade debts44 | €3k | €923 | €1k | €1k | €1k | ▲ 7.4% |
| Suppliers440/4 | - | €923 | €1k | €1k | €1k | ▲ 7.4% |
| Taxes, remuneration and social security45 | - | €2k | €4k | €2k | €3k | ▲ 44.7% |
| Taxes450/3 | - | €2k | €4k | €2k | €3k | ▲ 44.7% |
| Other amounts payable47/48 | - | - | - | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €4k | €6k | €16k | €23k | ▲ 47.0% |
| + Depreciation and write-downs630 | €18k | €20k | €22k | €22k | €15k | ▼ 33.1% |
| Operating cash flow (approximation) | €27k | €24k | €27k | €38k | €38k | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | €-4k | €-24k | €-1k | €-4k | ▼ 235% |
| Change in cash | - | €3k | €9k | €32k | €-32k | ▼ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €23k ▲47%
Operating result €31k, net result €23k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 11.92
Current ratio from 5.90 to 11.92; short-term debt falls from €18k to €11k.
31-12
Financial
Equity above €150kEq €153k ▲11.3%
6 profitable years in a row build equity to €153k.
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €4k ▼53.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2011
Ground area
911 m²
Building footprint
156 m²
Volume, LiDAR
1,034 m³
Parcel 34004B0055/00D003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DVN Projects
since 20112.203.791.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004B0055/00D003 | Flanders | 911 m² | 1 · 156 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,495. 2,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.