DVNR
ActiveSummary
DVNR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €386,068. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▼-66
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 5.65 in 2024; short-term debt: 90.8% and cash: 48.7% of total assets), and 90.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.2%
Return on assets
191.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-11-2025, 73 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
73 d early
2024
80 d early
2023
99 d early
2022
43 d early
2021
27 d early
2020
45 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,600▼ 94.8%
2024 · €361,002
Total assets
€201,947▼ 53.6%
2024 · €435,013
Net result
€386,068▲ 12.8%
2024 · €342,402
Working capital
-€77,199
2024 · €334,313
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
Line20212022202320242025
Operating result€284,799▲ 624%€542,908▲ 90.6%€333,435▼ 38.6%€466,960▲ 40.0%€516,979▲ 10.7%
Net result€212,629▲ 652%€403,105▲ 89.6%€243,996▼ 39.5%€342,402▲ 40.3%€386,068▲ 12.8%
Equity€351,093▲ 154%€20,460▼ 94.2%€18,600▼ 9.1%€361,002▲ 1,841%€18,600▼ 94.8%
Total assets€463,466▲ 163%€131,168▼ 71.7%€128,682▼ 1.9%€435,013▲ 238%€201,947▼ 53.6%
Debt€112,373▲ 197%€110,708▼ 1.5%€110,082▼ 0.6%€74,010▼ 32.8%€183,347▲ 148%
Working capital€333,427▲ 172%€1,504▼ 99.5%-€23€334,313-€77,199
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201,947
Fixed assets
€95,850 ▲ 232%
Current assets
€106,097 ▼ 73.9%
Equity and liabilities €201,947
Equity
€18,600 ▼ 94.8%
Debt
€183,347 ▲ 148%
Debt's share of the balance-sheet total rises from 17.0% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€525,875▲
2024 · €475,800
Cash flow
€394,964▲
2024 · €351,242
Current ratio
0.58▼
2024 · 5.65
Debt to equity
9.86▲
2024 · 0.21
ROA
191.2%▲
2024 · 78.7%
Interest coverage
2836.44▲
2024 · 1764.51
Debt ≤ 1 year
€183,296▲
2024 · €71,835
Income taxes
€146,502▲
2024 · €124,805
A ratio outside any meaningful range has been withheld (balance sheet total €201,947, equity €18,600).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,223 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,367 | €7,426 | €8,522 | €8,840 | €8,896 | ▲ 0.6% |
| Other operating charges640/8 | - | €789 | €940 | €1,519 | €2,430 | ▲ 60.0% |
| Non-recurring operating charges66A | - | €8,256 | - | - | €830 | - |
| Gross operating margin9900 | €294,177 | €559,380 | €342,898 | €477,319 | €529,135 | ▲ 10.9% |
| Operating profit (loss)9901 | €284,799 | €542,908 | €333,435 | €466,960 | €516,979 | ▲ 10.7% |
| Financial income75/76B | - | €798 | €34 | €517 | €15,776 | ▲ 2,951% |
| Recurring financial income75 | €908 | €798 | €34 | €517 | €1,847 | ▲ 257% |
| Non-recurring financial income76B | - | - | - | - | €13,929 | - |
| Financial charges65/66B | - | €893 | €1,552 | €270 | €185 | ▼ 31.2% |
| Recurring financial charges65 | €318 | €893 | €1,552 | €270 | €185 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | €285,389 | €542,814 | €331,917 | €467,208 | €532,570 | ▲ 14.0% |
| Income taxes67/77 | €72,760 | €139,709 | €87,922 | €124,805 | €146,502 | ▲ 17.4% |
| Profit (loss) for the period9904 | €212,629 | €403,105 | €243,996 | €342,402 | €386,068 | ▲ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €212,629 | €403,105 | €243,996 | €342,402 | €386,068 | ▲ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €463,466 | €131,168 | €128,682 | €435,013 | €201,947 | ▼ 53.6% |
| Fixed assets21/28 | €38,931 | €33,941 | €27,246 | €28,865 | €95,850 | ▲ 232% |
| Tangible fixed assets22/27 | €38,931 | €33,941 | €27,246 | €28,865 | €95,850 | ▲ 232% |
| Plant, machinery and equipment23 | - | €1,179 | €1,660 | €2,546 | €1,620 | ▼ 36.4% |
| Furniture and vehicles24 | - | €32,762 | €25,586 | €26,319 | €94,230 | ▲ 258% |
| Current assets29/58 | €424,535 | €97,227 | €101,436 | €406,148 | €106,097 | ▼ 73.9% |
| Amounts receivable within one year40/41 | €4,397 | €31,384 | €14,235 | €13,708 | - | - |
| Trade receivables40 | - | €5,651 | €2,156 | €3,294 | - | - |
| Other amounts receivable41 | - | €25,733 | €12,078 | €10,414 | - | - |
| Current investments50/53 | - | - | - | €155,000 | - | - |
| Cash at bank and in hand54/58 | €419,937 | €65,481 | €84,446 | €231,433 | €98,434 | ▼ 57.5% |
| Deferred charges and accrued income490/1 | - | €362 | €2,755 | €6,007 | €7,663 | ▲ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €463,466 | €131,168 | €128,682 | €435,013 | €201,947 | ▼ 53.6% |
| Equity10/15 | €351,093 | €20,460 | €18,600 | €361,002 | €18,600 | ▼ 94.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €330,633 | - | - | €342,402 | - | - |
| Amounts payable17/49 | €112,373 | €110,708 | €110,082 | €74,010 | €183,347 | ▲ 148% |
| Amounts payable after more than one year17 | €21,234 | €14,962 | €8,606 | €2,166 | - | - |
| Financial debts170/4 | - | €14,962 | €8,606 | €2,166 | - | - |
| Amounts payable within one year42/48 | €91,108 | €95,723 | €101,459 | €71,835 | €183,296 | ▲ 155% |
| Current portion of amounts payable after more than one year42 | - | €6,791 | €6,882 | €6,973 | €2,706 | ▼ 61.2% |
| Trade debts44 | €1,996 | €4,978 | €2,143 | €2,886 | €425 | ▼ 85.3% |
| Suppliers440/4 | - | €4,978 | €2,143 | €2,886 | €425 | ▼ 85.3% |
| Taxes, remuneration and social security45 | - | €21,688 | €12,239 | €16,337 | €24,278 | ▲ 48.6% |
| Taxes450/3 | - | €21,688 | €12,239 | €16,337 | €24,278 | ▲ 48.6% |
| Other amounts payable47/48 | - | €62,265 | €80,196 | €45,638 | €155,887 | ▲ 242% |
| Accrued charges and deferred income492/3 | - | €24 | €17 | €10 | €51 | ▲ 409% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €212,629 | €403,105 | €243,996 | €342,402 | €386,068 | ▲ 12.8% |
| + Depreciation and write-downs630 | €5,367 | €7,426 | €8,522 | €8,840 | €8,896 | ▲ 0.6% |
| Operating cash flow (approximation) | €217,996 | €410,531 | €252,518 | €351,242 | €394,964 | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | -€2,436 | -€1,827 | -€10,459 | -€75,882 | ▼ 626% |
| Change in cash | - | -€354,456 | €18,965 | €146,987 | -€132,999 | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity times 6current ratio 5.65
Current ratio from 1.00 to 5.65; short-term debt falls from €101,459 to €71,835.
30-06
Financial
Equity above €200,000Eq €361,002 ▲1,841%
6 profitable years in a row build equity to €361,002.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €403,105 ▲89.6%
Operating result €542,908, net result €403,105, both a record.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200,000Eq €351,093 ▲154%
3 profitable years in a row build equity to €351,093.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €28,275 ▼69.7%
Net result drops to €28,275, the lowest in the series; recovery starts the following year.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Pieters-Woluwe · 1 establishment unit since 2019
Ground area
1,809 m²
Building footprint
859 m²
Volume, LiDAR
18,705 m³
2 parcels, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
DVNR
since 20192.284.285.860
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0002/00S011 | Brussels | 1,494 m² | 1 · 737 m² | 28.8 m · 8 fl. |
| 21363B0354/00E010 | Brussels | 315 m² | 1 · 122 m² | 15.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,261 companies in sector 69102 we hold annual accounts for 1,755. 752 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
Founded03-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
69102Activities of notaries
Scores and ratios are computed by Checked and are not a credit decision.