Equity
€92,983 ▼ 51.9%
DVL Trading paid out €158,680 in dividends. That is 272% of the 2025 profit.
DVL Trading
Lifetime
6 annual accounts with figures on one time axispeak €160,940 (2025)
€160,940▲ 23.0%
peak €62,317 (2020)
€58,253▲ 104%
peak €193,410 (2024)
€92,983▼ 51.9%
€696,006▲ 23.9%
Board3 names since 2019
2 directorsVan Linden Dietger Hedwige Jozef and 1 other
Documentsfilings and deeds
27-04-202695 days before the deadline
2025micro format
Gross margin from €130,815 to €160,940Result from €28,530 to €58,253Dividend €158,680Equity from €193,410 to €92,983Debts from €561,786 to €696,006Cash from €18,259 to €7,529
Key points
from the 2025 annual accountsTurnover
≈ €400,000 estimated
The accounts state no turnover.
Debts
€696,006 88% of the balance sheet
Financial debts 57%Suppliers 0%Taxes and wages 10%Other 33%
Of this, €298,857 falls due within a year.
Liquidity
0.84 was 1.73 in 2024
Short-term debts rose from €126,586 to €298,857.
Filings
6 annual accounts 4 late
The 2021 accounts came latest: 806 days after the end of the period.
Restructuring
2024
Merger with GANDAS.SUR. Merger on 07-11-2024.
Checked score
85
Excellent
Financially stronger than 26% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.4 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.84, cash €7,529, halved
lowers risk
Size: total assets €788,988
Sector: Office administrative, office support and other business support activities (NACE 82)
Figures for financial year 2025 (filed on 29-04-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 22% of them on solvency, 19% on liquidity, 49% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as DVL Trading has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DVL Trading itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,684 companies, not a prediction for DVL Trading. 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.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (1.73 in 2024), below 1. Short-term debt is 37.9% and cash 1% of total assets. 88.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
95 days early
2024
29 days late
2023
170 days early
2022
63 days late
2021
806 days late
2020
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 112 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 198 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from Gandassur to DVL Trading
General meeting of 08-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0721667924
Merger: Lindbergh takes over GANDAS.SUR
Company renamed from Lindbergh to Gandassur · Resignation: Dietger Van Linden (director) · Reappointment: Dietger Van Linden (director) · General meeting of 28-03-2024 · Gazette deed
Merger proposal: Lindbergh takes over GANDAS.SUR
Gazette deed
Official details
Source: KBO- Status
- Active since 28-02-2019Normal situation
- Activity
- Holiday cottages, homes and apartmentsNACE 55203and 3 others
- Establishment unit
- 2.286.056.7059830 Sint-Martens-Latem, since 28-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- €788,988▲ 4.5%
- Filing
- Filed on 27-04-2026, 95 days before the end of the filing period
Insights on DVL Trading
DVL Trading files the micro format. That format states no turnover. The gross margin rose from €83,289 in 2020 to €160,940 in 2025.
The balance sheet grew most in 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DVL Trading
- What is the company number of DVL Trading?
- The company number of DVL Trading is 0721.667.924. The VAT number is the same number with BE in front: BE 0721.667.924.
- Where is DVL Trading based?
- The registered office is at Koperstraat 7, 9830 Sint-Martens-Latem.Company details
- What is the legal form of DVL Trading?
- DVL Trading is a private limited company (BV).
- When was DVL Trading founded?
- DVL Trading was founded on 28-02-2019.
- Is DVL Trading still active?
- Yes, DVL Trading is an active enterprise in the KBO register.
- What is the turnover of DVL Trading?
- The turnover in financial year 2025 is ≈ €400,000. This figure is estimated from the gross margin of €160,940 and 2,203 comparable companies of the same size. It probably lies between €270,000 and €620,000. It is a rough estimate.Financials
- Is DVL Trading profitable?
- In financial year 2025, DVL Trading made a profit of €58,253.
- Where can I find the annual accounts of DVL Trading?
- DVL Trading filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DVL Trading due?
- DVL Trading must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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