LE DODECANESE
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485124.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 16 filings
Turnover
≈ €180,000
Estimated: probably between €130,000 and €230,000
Total assets
€61,116▼ 12.1%
2024 · €69,496
Net result
€5,056
2024 · -€3,296
Working capital
-€29,095▲ 19.4%
2024 · -€36,117
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€7,471
▲ 43.5%
2025
20192025
Net result
€5,056
2025
middle half of the sector
20192025
Equity
€6,084
▲ 492%
2025
lowest quarter of the sector
20192025
Total assets
€61,116
▼ 12.1%
2025
lowest quarter of the sector
20192025
Debt
€55,032
▼ 19.6%
2025
20192025
Working capital
-€29,095
▲ 19.4%
2025
middle half of the sector
20192025
Solvency
10.0%
▲ 8.5pp
2025
middle half of the sector
20192025
Current ratio
0.18
▲ 0.01
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
8.3%
▲ 13.0pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€8,364--€34,313€7,015-€10,145-€3,916▲ 61.4%€5,207€7,471▲ 43.5%
Net result€7,658--€49,190below the sector's middle half€5,568within the sector's middle half-€21,931below the sector's middle half-€12,776below the sector's middle half▲ 41.7%-€3,296within the sector's middle half▲ 74.2%€5,056within the sector's middle half
Equity€82,652-€33,463within the sector's middle half▼ 59.5%€39,030within the sector's middle half▲ 16.6%€17,099within the sector's middle half▼ 56.2%€4,324within the sector's middle half▼ 74.7%€1,027within the sector's middle half▼ 76.2%€6,084below the sector's middle half▲ 492%
Total assets€96,694-€116,572within the sector's middle half▲ 20.6%€95,731within the sector's middle half▼ 17.9%€97,962within the sector's middle half▲ 2.3%€84,849within the sector's middle half▼ 13.4%€69,496within the sector's middle half▼ 18.1%€61,116below the sector's middle half▼ 12.1%
Debt€14,042-€83,109▲ 492%€56,701▼ 31.8%€80,863▲ 42.6%€80,525▼ 0.4%€68,468▼ 15.0%€55,032▼ 19.6%
Working capital€61,277--€10,210within the sector's middle half€1,760within the sector's middle half-€21,411within the sector's middle half-€37,478below the sector's middle half▼ 75.0%-€36,117below the sector's middle half▲ 3.6%-€29,095within the sector's middle half▲ 19.4%
Solvency85.5%-28.7%within the sector's middle half▼ 56.8pp40.8%within the sector's middle half▲ 12.1pp17.5%within the sector's middle half▼ 23.3pp5.1%within the sector's middle half▼ 12.4pp1.5%within the sector's middle half▼ 3.6pp10.0%within the sector's middle half▲ 8.5pp
Current ratio5.36-0.70within the sector's middle half▼ 4.671.19within the sector's middle half▲ 0.490.49below the sector's middle half▼ 0.700.25below the sector's middle half▼ 0.240.17below the sector's middle half▼ 0.080.18below the sector's middle half▲ 0.01
Return on assets (ROA)7.9%--42.2%below the sector's middle half▼ 50.1pp5.8%within the sector's middle half▲ 48.0pp-22.4%below the sector's middle half▼ 28.2pp-15.1%below the sector's middle half▲ 7.3pp-4.7%within the sector's middle half▲ 10.3pp8.3%within the sector's middle half▲ 13.0pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 43% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro 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 €61,116
Fixed assets
€54,810 ▼ 12.1%
Current assets
€6,305 ▼ 11.7%
Equity and liabilities €61,116
Equity
€6,084 ▲ 492%
Debt
€55,032 ▼ 19.6%
Debt's share of the balance-sheet total falls from 98.5% to 90.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,012▼
2024 · €15,367
Cash flow
€12,598▲
2024 · €6,864
Quick ratio
0.14▲
2024 · 0.07
Debt to equity
9.05▼
2024 · 66.64
ROE
83.1%▲
2024 · -320.8%
Interest coverage
6.16▼
2024 · 14.09
Debt ≤ 1 year
€35,401▼
2024 · €43,260
Debt > 1 year
€19,631▼
2024 · €25,208
Staff costs
€14,051▼
2024 · €16,335
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,357 | €3,078 | - | - |
| Financial fixed assets | - | - | €550 | - | - |
| Depreciation and write-downs of the year | €8,452 | €8,635 | €8,452 | €10,160 | €7,542 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,000 | €15,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €8,833 | €843 | €9,184 | €12,063 | €16,335 | €14,051 | ▼ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,900 | - | €8,452 | €8,635 | €8,452 | €10,160 | €7,542 | ▼ 25.8% |
| Other operating charges640/8 | - | €2,891 | €1,786 | €4,206 | €1,529 | €5,288 | €5,939 | ▲ 12.3% |
| Gross operating margin9900 | €29,141 | -€22,589 | €18,096 | €11,881 | €18,128 | €36,990 | €35,003 | ▼ 5.4% |
| Operating profit (loss)9901 | €8,364 | -€34,313 | €7,015 | -€10,145 | -€3,916 | €5,207 | €7,471 | ▲ 43.5% |
| Financial income75/76B | - | - | - | - | - | €50 | €21 | ▼ 57.7% |
| Recurring financial income75 | €36 | - | - | - | - | €50 | €21 | ▼ 57.7% |
| Financial charges65/66B | - | €652 | €1,448 | €1,786 | €1,990 | €1,091 | €2,436 | ▲ 123% |
| Recurring financial charges65 | €692 | €652 | €1,448 | €1,786 | €1,990 | €1,091 | €2,436 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €7,708 | -€34,965 | €5,568 | -€11,931 | -€5,906 | €4,167 | €5,056 | ▲ 21.3% |
| Income taxes67/77 | €50 | €14,225 | - | €10,000 | €6,870 | €7,463 | - | - |
| Profit (loss) for the period9904 | €7,658 | -€49,190 | €5,568 | -€21,931 | -€12,776 | -€3,296 | €5,056 | - |
| Profit (loss) for the period to be appropriated9905 | €7,658 | -€49,190 | €5,568 | -€21,931 | -€12,776 | -€3,296 | €5,056 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €96,694 | €116,572 | €95,731 | €97,962 | €84,849 | €69,496 | €61,116 | ▼ 12.1% |
| Fixed assets21/28 | €21,375 | €93,066 | €84,614 | €77,336 | €72,512 | €62,352 | €54,810 | ▼ 12.1% |
| Tangible fixed assets22/27 | €21,175 | €92,866 | €84,414 | €77,136 | €71,762 | €61,602 | €54,060 | ▼ 12.2% |
| Land and buildings22 | - | €80,882 | €75,502 | €70,122 | €64,742 | €56,672 | €51,293 | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €5,403 | €3,453 | €2,676 | €726 | €319 | €48 | ▼ 85.0% |
| Furniture and vehicles24 | - | €6,581 | €5,459 | €4,337 | €6,293 | €4,611 | €2,720 | ▼ 41.0% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €750 | €750 | €750 | = |
| Current assets29/58 | €75,319 | €23,506 | €11,117 | €20,626 | €12,337 | €7,144 | €6,305 | ▼ 11.7% |
| Stocks and contracts in progress3 | €2,962 | €2,962 | €2,526 | €5,767 | €6,068 | €4,058 | €1,198 | ▼ 70.5% |
| Stocks30/36 | - | €2,962 | €2,526 | €5,767 | €6,068 | €4,058 | €1,198 | ▼ 70.5% |
| Amounts receivable within one year40/41 | €41,201 | €11,533 | - | €13,215 | €5,004 | €781 | €1,493 | ▲ 91.2% |
| Other amounts receivable41 | - | €11,533 | - | €13,215 | €5,004 | €781 | €1,493 | ▲ 91.2% |
| Cash at bank and in hand54/58 | €31,045 | €8,770 | €5,895 | €1,645 | €1,265 | €68 | €3,615 | ▲ 53× |
| Deferred charges and accrued income490/1 | - | €242 | €2,695 | - | - | €2,237 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €96,694 | €116,572 | €95,731 | €97,962 | €84,849 | €69,496 | €61,116 | ▼ 12.1% |
| Equity10/15 | €82,652 | €33,463 | €39,030 | €17,099 | €4,324 | €1,027 | €6,084 | ▲ 492% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €60,652 | €11,463 | €17,030 | -€4,901 | -€17,676 | -€20,973 | -€15,916 | ▲ 24.1% |
| Amounts payable17/49 | €14,042 | €83,109 | €56,701 | €80,863 | €80,525 | €68,468 | €55,032 | ▼ 19.6% |
| Amounts payable after more than one year17 | - | €49,393 | €44,145 | €38,825 | €30,710 | €25,208 | €19,631 | ▼ 22.1% |
| Financial debts170/4 | - | €49,393 | €44,145 | €38,825 | €30,710 | €25,208 | €19,631 | ▼ 22.1% |
| Amounts payable within one year42/48 | €14,042 | €33,716 | €9,357 | €42,038 | €49,815 | €43,260 | €35,401 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | - | €5,178 | €5,249 | €5,320 | €8,115 | €5,502 | €5,577 | ▲ 1.4% |
| Financial debts43 | - | - | €3,216 | €4,401 | €4,263 | €2,889 | €6,113 | ▲ 112% |
| Credit institutions430/8 | - | - | €3,216 | €4,401 | €4,263 | €2,889 | €6,113 | ▲ 112% |
| Trade debts44 | €8,684 | €27,374 | - | €30,933 | €23,592 | €27,343 | €1,724 | ▼ 93.7% |
| Suppliers440/4 | - | €27,374 | - | €30,933 | €23,592 | €27,343 | €1,724 | ▼ 93.7% |
| Taxes, remuneration and social security45 | - | €1,163 | €893 | €1,383 | €6,289 | €5,186 | €14,908 | ▲ 187% |
| Taxes450/3 | - | - | €59 | €59 | €59 | €2,259 | €6,770 | ▲ 200% |
| Remuneration and social security454/9 | - | €1,163 | €833 | €1,324 | €6,230 | €2,927 | €8,138 | ▲ 178% |
| Other amounts payable47/48 | - | - | - | - | €7,556 | €2,340 | €7,079 | ▲ 202% |
| Accrued charges and deferred income492/3 | - | - | €3,198 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,658 | -€49,190 | €5,568 | -€21,931 | -€12,776 | -€3,296 | €5,056 | - |
| + Depreciation and write-downs630 | €6,900 | - | €8,452 | €8,635 | €8,452 | €10,160 | €7,542 | ▼ 25.8% |
| Operating cash flow (approximation) | €14,557 | -€49,190 | €14,019 | -€13,296 | -€4,324 | €6,864 | €12,598 | ▲ 83.5% |
| Investment in fixed assets (approximation) | - | -€71,690 | €0 | -€1,357 | -€3,628 | €0 | €0 | - |
| Change in cash | - | -€22,275 | -€2,874 | -€4,250 | -€380 | -€1,197 | €3,547 | - |
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, 1,325 companies had the same profile as LE DODECANESE has now. Two years later, 95.2% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
95.2%
was still going
3.2%
stopped otherwise
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LE DODECANESE itself is higher: 2.1% within 12 months. It rests on far more data about LE DODECANESE than the profile alone.
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 1,325 companies, not a prediction for LE DODECANESE. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00485124 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00473978 | |
| 30-06-2023 | micro format | 07-05-2025 | 2025-00090186 | |
| 30-06-2022 | micro format | 13-10-2023 | 2023-00484726 | |
| 30-06-2021 | micro format | 29-05-2023 | 2023-00097885 | |
| 30-06-2020 | micro format | 29-05-2023 | 2023-00097884 | |
| 30-06-2019 | micro format | 07-07-2021 | 2021-34800375 | |
| 30-06-2018 | micro format | 11-04-2019 | 2019-09800475 | |
| 30-06-2017 | micro format | 11-03-2019 | 2019-06900163 | |
| 30-06-2016 | full format | 19-10-2016 | 2016-65900455 |