DVR WATCHES
ActiveDVR WATCHES has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €11k. Its solvency ranks better than 45% of 197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-10
Solvency74▲+16
Growth52
Track record82
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 0.86 in 2024; short-term debt: 18.6% and cash: 23.2% of total assets), but 51.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
48.6%
Return on assets
7.7%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
12 d late
2024
23 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 18.9%
2024 · €56k
2024: €56k
2024 → 2025
Total assets
€136k▼ 19.5%
2024 · €169k
2024: €169k
2024 → 2025
Net result
€11k▼ 59.1%
2024 · €26k
2024: €26k
2024 → 2025
Working capital
€56k
2024 · €-16k
2024: €-16k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€56k-€66k▲ 18.9%
Operating result€33k-€17k▼ 48.4%
Net result€26k-€11k▼ 59.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€55k▼ 23.7%
Current assets
€81k▼ 16.4%
Equity and liabilities €136k
Equity
€66k▲ 18.9%
Debt
€70k▼ 38.3%
The debt ratio falls from 67.1% to 51.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €37k
Cash flow
€31k▲
2024 · €30k
Solvency
48.6%▲
2024 · 32.9%
Current ratio
3.20▲
2024 · 0.86
Quick ratio
2.21▲
2024 · 0.41
Debt / equity
1.06▼
2024 · 2.04
ROE
15.9%▼
2024 · 46.1%
ROA
7.7%▼
2024 · 15.2%
Interest coverage
9.06▼
2024 · 37.46
Debt
€70k▼
2024 · €114k
Debt ≤ 1 year
€25k▼
2024 · €113k
Debt > 1 year
€44k
Income taxes
€3k▼
2024 · €7k
Staff costs
€283▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€136k▼
Fixed assets21/28€72k€55k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€70k€51k▼
Plant, machinery and equipment23€30k€21k▼
Furniture and vehicles24€40k€29k▼
Financial fixed assets28€62€3k▲
Current assets29/58€97k€81k▼
Stocks and contracts in progress3€51k€25k▼
Stocks30/36€51k€25k▼
Amounts receivable within one year40/41€7k€22k▲
Trade receivables40€5k€22k▲
Other amounts receivable41€2k€891▼
Cash at bank and in hand54/58€38k€32k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€169k€136k▼
Equity10/15€56k€66k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€26k€36k▲
Amounts payable17/49€114k€70k▼
Amounts payable after more than one year17-€44k
Financial debts170/4-€44k
Amounts payable within one year42/48€113k€25k▼
Current portion of amounts payable after more than one year42-€15k
Trade debts44€101k€3k▼
Suppliers440/4€101k€3k▼
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€11k€8k▼
Accrued charges and deferred income492/3€1k€610▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€283▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€20k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€293€190▼
Gross operating margin9900€43k€39k▼
Operating profit (loss)9901€33k€17k▼
Financial income75/76B€59€78▲
Recurring financial income75€59€78▲
Financial charges65/66B€1,000€4k▲
Recurring financial charges65€1,000€4k▲
Profit (loss) for the period before taxes9903€32k€13k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€26k€11k▼
Profit (loss) for the period to be appropriated9905€26k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€36k▲
Profit (loss) brought forward from the previous period14P-€26k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
30-09
Financial
Liquidity quadruplescurrent ratio 3.20
Current ratio from 0.86 to 3.20; short-term debt falls from €113k to €25k.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lasne · 2 establishment units since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Louvain 5331380 LasneGround area
3,777 m²
Building footprint
319 m²
Volume, LiDAR
2,974 m³
2 parcels, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DVR-Watches SRL
since 20242.365.529.793
DVR WATCHES
since 20242.353.889.595
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0013/00L000 | Wallonia | 3,001 m² | 1 · 218 m² | 11.9 m · 3 fl. |
| 25762H0351/00B000 | Wallonia | 776 m² | 1 · 101 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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SARTON 1748
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MÉRAUD
BE 0802.802.187
Gent · Eq €86k
Time2Give
BE 0524.816.025
Rixensart · Eq €43k
NAVYLYS
BE 0678.665.349
Watermaal-Bosvoorde · Eq €114k
Of 63 companies in sector 26520 we hold annual accounts for 32. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2023
Fiscal year end30-09
Activities, NACEBEL
26520Manufacture of computer, electronic and optical products
46480Wholesale trade
47770Retail sale of watches and jewellery
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.