Francoise DISCRY
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 28 filings
Turnover
≈ €260,000
Estimated: probably between €160,000 and €500,000
EBIT margin
Not included in this filing
Net result
€58,679▲ 3.4%
2024 · €56,777
Working capital
€203,186▲ 9.4%
2024 · €185,644
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€79,286
▲ 3.0%
2025
20182025
Net result
€58,679
▲ 3.4%
2025
20182025
Equity
€335,974
▲ 2.7%
2025
20182025
Total assets
€418,433
▼ 3.7%
2025
20182025
Debt
€82,459
▼ 23.2%
2025
20182025
Working capital
€203,186
▲ 9.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▼ 18.6%€0.07m▼ 38.3%€1.7m▲ 24×€0.06m▼ 96.6%€0.06m▲ 13.3%€0.08m▲ 19.6%€0.08m▲ 3.0%
Net result€0.09m-€0.1m▲ 18.7%€0.04m▼ 58.7%€1.7m▲ 38×€0.04m▼ 97.5%€0.05m▲ 9.2%€0.06m▲ 20.7%€0.06m▲ 3.4%
Equity€0.8m-€0.8m▲ 3.8%€0.7m▼ 5.8%€0.3m▼ 64.7%€0.3m▲ 16.5%€0.3m▲ 5.6%€0.3m▲ 2.1%€0.3m▲ 2.7%
Total assets€1.1m-€1.0m▼ 7.9%€0.9m▼ 8.6%€2.6m▲ 189%€0.3m▼ 88.1%€0.4m▲ 20.2%€0.4m▲ 16.9%€0.4m▼ 3.7%
Debt€0.3m-€0.2m▼ 35.8%€0.2m▼ 19.4%€2.3m▲ 14×€0.006m▼ 99.7%€0.05m▲ 769%€0.1m▲ 109%€0.08m▼ 23.2%
Working capital-€0.07m--€0.04m▲ 40.2%-€0.09m▼ 103%€0.08m€0.1m▲ 80.6%€0.2m▲ 23.3%€0.2m▲ 7.6%€0.2m▲ 9.4%
The operating result for 2025 is 3% higher than in 2024. It is the third rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418,433
Fixed assets
€132,789 ▼ 6.3%
Current assets
€285,645 ▼ 2.5%
Equity and liabilities €418,433
Equity
€335,974 ▲ 2.7%
Debt
€82,459 ▼ 23.2%
Debt's share of the balance-sheet total falls from 24.7% to 19.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,148▲
2024 · €85,602
Cash flow
€67,542▲
2024 · €65,435
Current ratio
3.46▲
2024 · 2.73
Debt to equity
0.25▼
2024 · 0.33
ROE
17.5%▲
2024 · 17.3%
ROA
14.0%▲
2024 · 13.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€82,459▼
2024 · €107,302
Income taxes
€20,072▲
2024 · €19,880
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €569,772 | - | - | €2,394 | - |
| Depreciation and write-downs of the year | €5,221 | €19,372 | €15,566 | €8,658 | €8,862 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €339 | €339 | €339 | €0.005m | €0.02m | €0.02m | €0.009m | €0.009m | ▲ 2.4% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.006m | €0.007m | €0.007m | €0.006m | ▼ 9.3% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.07m | €1.7m | €0.08m | €0.09m | €0.09m | €0.09m | ▲ 2.0% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.07m | €1.7m | €0.06m | €0.06m | €0.08m | €0.08m | ▲ 3.0% |
| Financial income75/76B | - | - | - | €0.07m | - | - | €1 | - | - |
| Recurring financial income75 | - | €0.03m | - | €0.07m | - | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €0.006m | €162 | €176 | €289 | €0.001m | ▲ 84.9% |
| Recurring financial charges65 | €0.007m | €0.006m | €0.006m | €0.006m | €162 | €176 | €289 | €0.001m | ▲ 84.9% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | €0.06m | €1.7m | €0.06m | €0.06m | €0.08m | €0.08m | ▲ 2.7% |
| Income taxes67/77 | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 1.0% |
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.04m | €1.7m | €0.04m | €0.05m | €0.06m | €0.06m | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.1m | €0.04m | €1.7m | €0.04m | €0.05m | €0.06m | €0.06m | ▲ 3.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.0m | €0.9m | €2.6m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 3.7% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.3% |
| Tangible fixed assets22/27 | €0.04m | €0.04m | €0.04m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.3% |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0 | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.2m | €0.07m | €2.4m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 2.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.05m | €2.4m | €0.05m | €0.04m | €0.04m | €0.04m | ▲ 4.8% |
| Trade receivables40 | - | - | - | €0.001m | €0.001m | €0.001m | - | €0.001m | - |
| Other amounts receivable41 | - | - | - | €2.4m | €0.05m | €0.04m | €0.04m | €0.04m | ▲ 2.3% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.01m | €0.03m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.003m | €0.002m | ▼ 7.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €0.9m | €2.6m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 3.7% |
| Equity10/15 | €0.8m | €0.8m | €0.7m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.7% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.6m | €0.7m | €0.6m | €0.02m | €0.02m | €0.05m | €0.05m | €0.07m | ▲ 27.6% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | - | - | €0.03m | €0.03m | €0.05m | ▲ 50.0% |
| Profit (loss) carried forward14 | €0.03m | €0.02m | €0.01m | €111 | €0.04m | €0.03m | €0.04m | €0.03m | ▼ 17.1% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.2m | €2.3m | €0.006m | €0.05m | €0.1m | €0.08m | ▼ 23.2% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.2m | €2.3m | €0.006m | €0.05m | €0.1m | €0.08m | ▼ 23.2% |
| Financial debts43 | - | - | - | - | - | - | €0.02m | €0.02m | ▲ 23.5% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.02m | €0.02m | ▲ 23.5% |
| Trade debts44 | €0.02m | €0.02m | €0.02m | €0.006m | €0.006m | €0.004m | €0.007m | €0.01m | ▲ 54.4% |
| Suppliers440/4 | - | - | - | €0.006m | €0.006m | €0.004m | €0.007m | €0.01m | ▲ 54.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - | €0.02m | €0.003m | - | - |
| Taxes450/3 | - | - | - | €0.001m | - | €0.02m | €0.003m | - | - |
| Other amounts payable47/48 | - | - | - | €2.3m | - | €0.03m | €0.08m | €0.05m | ▼ 37.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.04m | €1.7m | €0.04m | €0.05m | €0.06m | €0.06m | ▲ 3.4% |
| + Depreciation and write-downs630 | €339 | €339 | €339 | €0.005m | €0.02m | €0.02m | €0.009m | €0.009m | ▲ 2.4% |
| Operating cash flow (approximation) | €0.09m | €0.1m | €0.05m | €1.7m | €0.06m | €0.06m | €0.07m | €0.07m | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0.6m | €0 | €0 | -€0.002m | €0 | - |
| Change in cash | - | €0.002m | -€0.006m | €0.01m | €0.07m | €0.08m | €0.07m | -€0.009m | - |
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, 31,368 companies had the same profile as Francoise DISCRY has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Francoise DISCRY itself: < 0.1% 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 31,368 companies, not a prediction for Francoise DISCRY. 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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00264852 | |
| 31-12-2024 | full format | 07-06-2025 | 2025-00125333 | |
| 31-12-2023 | full format | 28-07-2024 | 2024-00298338 | |
| 31-12-2022 | full format | 25-05-2023 | 2023-00100770 | |
| 31-12-2021 | full format | 15-07-2022 | 2022-20193043 | |
| 31-12-2020 | full format | 07-06-2021 | 2021-19000062 | |
| 31-12-2019 | full format | 20-08-2020 | 2020-43000175 | |
| 31-12-2018 | full format | 29-07-2019 | 2019-42700075 | |
| 31-12-2017 | full format | 18-08-2018 | 2018-47300088 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-57000132 |