DVR Technics
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-06-2026 PDF all 5 filings
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €3.0m
Total assets
€1.0m▼ 7.2%
2024 · €1.1m
Net result
€451,224▲ 43.3%
2024 · €314,937
Working capital
€270,790
2024 · -€231,596
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€614,715
▲ 45.0%
2025
20212025
Net result
€451,224
▲ 43.3%
2025
highest quarter of the sector
20212025
Equity
€533,756
▲ 547%
2025
middle half of the sector
20212025
Total assets
€1.0m
▼ 7.2%
2025
middle half of the sector
20212025
Debt
€504,777
▼ 51.3%
2025
20212025
Working capital
€270,790
2025
middle half of the sector
20212025
Solvency
51.4%
▲ 44.0pp
2025
middle half of the sector
20212025
Current ratio
1.60
▲ 0.83
2025
middle half of the sector
20212025
Return on assets (ROA)
43.4%
▲ 15.3pp
2025
highest quarter of the sector
20212025
Staff (FTE)
5.6
▲ 30.2%
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.3m-€0.3m▲ 13.3%€0.4m▲ 15.7%€0.4m▲ 4.9%€0.6m▲ 45.0%
Net result€0.2mabove the sector's middle half-€0.3mabove the sector's middle half▲ 12.7%€0.3mabove the sector's middle half▲ 16.2%€0.3mabove the sector's middle half▲ 4.9%€0.5mabove the sector's middle half▲ 43.3%
Equity€0.07mbelow the sector's middle half-€0.1mwithin the sector's middle half▲ 38.2%€0.1mwithin the sector's middle half▲ 29.3%€0.08mbelow the sector's middle half▼ 37.8%€0.5mwithin the sector's middle half▲ 547%
Total assets€1.1mwithin the sector's middle half-€1.4mwithin the sector's middle half▲ 19.6%€1.2mwithin the sector's middle half▼ 14.0%€1.1mwithin the sector's middle half▼ 4.5%€1.0mwithin the sector's middle half▼ 7.2%
Debt€1.1m-€1.3m▲ 18.4%€1.0m▼ 17.6%€1.0m▼ 0.3%€0.5m▼ 51.3%
Working capital-€0.08mbelow the sector's middle half-€0.05mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 94.7%€0.3mwithin the sector's middle half
Solvency6.5%below the sector's middle half-7.5%below the sector's middle half▲ 1.0pp11.3%below the sector's middle half▲ 3.8pp7.4%below the sector's middle half▼ 3.9pp51.4%within the sector's middle half▲ 44.0pp
Current ratio0.88below the sector's middle half-1.05below the sector's middle half▲ 0.170.86below the sector's middle half▼ 0.190.76below the sector's middle half▼ 0.101.60within the sector's middle half▲ 0.83
Return on assets (ROA)20.1%above the sector's middle half-18.9%above the sector's middle half▼ 1.2pp25.6%above the sector's middle half▲ 6.7pp28.1%above the sector's middle half▲ 2.5pp43.4%above the sector's middle half▲ 15.3pp
Staff (FTE)3.5within the sector's middle half-3.9within the sector's middle half▲ 11.4%3.6within the sector's middle half▼ 7.7%4.3within the sector's middle half▲ 19.4%5.6within the sector's middle half▲ 30.2%
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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 45% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €1.0m
Fixed assets
€312,966 ▼ 17.0%
Current assets
€725,567 ▼ 2.3%
Equity and liabilities €1.0m
Equity
€533,756 ▲ 547%
Debt
€504,777 ▼ 51.3%
Debt's share of the balance-sheet total falls from 92.6% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€682,084▲
2024 · €492,646
Cash flow
€518,593▲
2024 · €383,566
Quick ratio
1.39▲
2024 · 0.66
Debt to equity
0.95▼
2024 · 12.57
ROE
84.5%▼
2024 · 381.6%
Interest coverage
36.64▼
2024 · 96.77
Debt ≤ 1 year
€454,777▼
2024 · €974,075
Income taxes
€149,457▲
2024 · €106,372
Staff costs
€360,498▲
2024 · €272,106
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 6 | 6 |
| full-time | 3 | 3 | 3 | 5 | 5 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 3.6 | 3.6 | 3.6 | 5.6 | 5.6 |
| Average over the year, in full-time equivalents | 3.5 | 3.9 | 3.6 | 4.2 | 5.6 |
| On a permanent contract | 4 | 4 | 4 | 6 | 6 |
| Joined | - | 2 | - | 2 | - |
| Left | - | 2 | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €474,079 | - | - | - | - |
| Pledge on the business | €525,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €59,612 | €657 | €13,405 | €33,056 | €3,117 |
| Intangible fixed assets | €500,000 | - | - | - | - |
| Depreciation and write-downs of the year | €32,058 | €64,128 | €64,698 | €68,629 | €67,369 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €434 awarded · €434 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €345 | €345 |
| 2023 | 1 | €89 | €89 |
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.06m | €0.06m | €0.07m | €0.07m | ▼ 1.8% |
| Other operating charges640/8 | €0.001m | €0.002m | €0.002m | €0.004m | €0.005m | ▲ 44.3% |
| Gross operating margin9900 | €0.5m | €0.6m | €0.7m | €0.8m | €1.0m | ▲ 36.4% |
| Operating profit (loss)9901 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 45.0% |
| Financial income75/76B | €0.002m | €0.003m | €257 | €0.002m | €0.005m | ▲ 92.2% |
| Recurring financial income75 | €0.002m | €0.003m | €257 | €0.002m | €0.005m | ▲ 92.2% |
| Financial charges65/66B | €0.004m | €0.006m | €0.004m | €0.005m | €0.02m | ▲ 266% |
| Recurring financial charges65 | €0.004m | €0.006m | €0.004m | €0.005m | €0.02m | ▲ 266% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 42.6% |
| Income taxes67/77 | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 40.5% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 43.3% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 43.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.4m | €1.2m | €1.1m | €1.0m | ▼ 7.2% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 17.0% |
| Intangible fixed assets21 | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 15.4% |
| Tangible fixed assets22/27 | €0.05m | €0.04m | €0.04m | €0.05m | €0.04m | ▼ 27.3% |
| Plant, machinery and equipment23 | €0.04m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 30.5% |
| Furniture and vehicles24 | €0.01m | €0.01m | €0.004m | €0.02m | €0.02m | ▼ 23.8% |
| Current assets29/58 | €0.6m | €0.9m | €0.8m | €0.7m | €0.7m | ▼ 2.3% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 7.3% |
| Stocks30/36 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 7.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.7m | €0.6m | €0.4m | €0.5m | ▲ 28.6% |
| Trade receivables40 | €0.3m | €0.6m | €0.5m | €0.3m | €0.4m | ▲ 35.1% |
| Other amounts receivable41 | €0.03m | €0.04m | €0.07m | €0.07m | €0.07m | ▼ 3.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.09m | €0.08m | €0.2m | €0.1m | ▼ 51.2% |
| Deferred charges and accrued income490/1 | - | €183 | €57 | €0.002m | €0.002m | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.4m | €1.2m | €1.1m | €1.0m | ▼ 7.2% |
| Equity10/15 | €0.07m | €0.1m | €0.1m | €0.08m | €0.5m | ▲ 547% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.02m | €0.05m | €0.08m | €0.03m | €0.5m | ▲ 15× |
| Amounts payable17/49 | €1.1m | €1.3m | €1.0m | €1.0m | €0.5m | ▼ 51.3% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.06m | - | - |
| Financial debts170/4 | €0.4m | €0.3m | €0.2m | €0.06m | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.9m | €0.9m | €1.0m | €0.5m | ▼ 53.3% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 41.0% |
| Trade debts44 | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 23.6% |
| Suppliers440/4 | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 23.6% |
| Taxes, remuneration and social security45 | €0.09m | €0.1m | €0.04m | €0.03m | €0.03m | ▲ 7.5% |
| Taxes450/3 | €0.06m | €0.08m | €0.01m | €0.006m | €0.007m | ▲ 12.2% |
| Remuneration and social security454/9 | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 6.0% |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.3m | €0.4m | - | - |
| Accrued charges and deferred income492/3 | - | €0.1m | - | - | €0.05m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229,195 | €258,315 | €300,085 | €314,937 | €451,224 | ▲ 43.3% |
| + Depreciation and write-downs630 | €32,058 | €64,128 | €64,698 | €68,629 | €67,369 | ▼ 1.8% |
| Operating cash flow (approximation) | €261,253 | €322,443 | €364,783 | €383,566 | €518,593 | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | -€657 | -€13,405 | -€33,057 | -€3,117 | ▲ 90.6% |
| Change in cash | - | -€108,457 | -€14,273 | €162,019 | -€123,973 | - |
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, 26,972 companies had the same profile as DVR Technics has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DVR Technics itself: 0.7% 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 26,972 companies, not a prediction for DVR Technics. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-06-2026 | 2026-00153327 | |
| 31-12-2024 | abbreviated format | 11-06-2025 | 2025-00131954 | |
| 31-12-2023 | abbreviated format | 05-06-2024 | 2024-00111321 | |
| 31-12-2022 | abbreviated format | 25-05-2023 | 2023-00094383 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20100208 |