Van Dijck
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 35 filings
Turnover
≈ €1.3m
Estimated: probably between €970,000 and €1.9m
EBIT margin
Not included in this filing
Net result
€7,410▼ 76.3%
2025 · €31,206
Working capital
€465,499▲ 17.8%
2025 · €394,999
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€3,734
▼ 89.4%
2026
20192026
Net result
€7,410
▼ 76.3%
2026
20192026
Equity
€590,370
▲ 1.3%
2026
20192026
Total assets
€708,095
▼ 10.5%
2026
20192026
Debt
€117,725
▼ 43.6%
2026
20192026
Working capital
€465,499
▲ 17.8%
2026
20192026
Solvency
83.4%
▲ 9.7pp
2026
20192026
Current ratio
6.38
▲ 3.01
2026
20192026
Return on assets (ROA)
1.0%
▼ 2.9pp
2026
20192026
Staff (FTE)
3
=
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€3,245-€3,260▲ 0.5%€99,856▲ 31×€94,691▼ 5.2%€70,424▼ 25.6%€56,121▼ 20.3%€35,351▼ 37.0%€3,734▼ 89.4%
Net result€10,575-€10,425▼ 1.4%€87,065within the sector's middle half▲ 735%€83,392within the sector's middle half▼ 4.2%€63,717within the sector's middle half▼ 23.6%€47,344within the sector's middle half▼ 25.7%€31,206within the sector's middle half▼ 34.1%€7,410▼ 76.3%
Equity€420,736-€431,162▲ 2.5%€489,626within the sector's middle half▲ 13.6%€523,018within the sector's middle half▲ 6.8%€558,160within the sector's middle half▲ 6.7%€576,754within the sector's middle half▲ 3.3%€582,960within the sector's middle half▲ 1.1%€590,370▲ 1.3%
Total assets€535,091-€542,309▲ 1.3%€682,820within the sector's middle half▲ 25.9%€664,909within the sector's middle half▼ 2.6%€709,031within the sector's middle half▲ 6.6%€737,939within the sector's middle half▲ 4.1%€791,544within the sector's middle half▲ 7.3%€708,095▼ 10.5%
Debt€114,355-€111,148▼ 2.8%€193,194▲ 73.8%€141,891▼ 26.6%€150,872▲ 6.3%€161,185▲ 6.8%€208,584▲ 29.4%€117,725▼ 43.6%
Working capital€361,607-€363,814▲ 0.6%€398,389within the sector's middle half▲ 9.5%€456,617within the sector's middle half▲ 14.6%€501,975above the sector's middle half▲ 9.9%€449,191within the sector's middle half▼ 10.5%€394,999above the sector's middle half▼ 12.1%€465,499▲ 17.8%
Solvency78.6%-79.5%▲ 0.9pp71.7%above the sector's middle half▼ 7.8pp78.7%above the sector's middle half▲ 7.0pp78.7%above the sector's middle half▲ 0.1pp78.2%above the sector's middle half▼ 0.6pp73.6%above the sector's middle half▼ 4.5pp83.4%▲ 9.7pp
Current ratio4.43-4.29▼ 0.143.06above the sector's middle half▼ 1.234.22above the sector's middle half▲ 1.164.33above the sector's middle half▲ 0.113.79above the sector's middle half▼ 0.543.37above the sector's middle half▼ 0.426.38▲ 3.01
Return on assets (ROA)2.0%-1.9%▼ 0.1pp12.8%above the sector's middle half▲ 10.8pp12.5%above the sector's middle half▼ 0.2pp9.0%within the sector's middle half▼ 3.6pp6.4%within the sector's middle half▼ 2.6pp3.9%within the sector's middle half▼ 2.5pp1.0%▼ 2.9pp
Staff (FTE)2.5-3▲ 20.0%3within the sector's middle half=3.1within the sector's middle half▲ 3.3%3within the sector's middle half▼ 3.2%3.8within the sector's middle half▲ 26.7%3within the sector's middle half▼ 21.1%3=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 2026 is 89% lower than in 2025 and the lowest since 2022. It is the fourth fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €708,095
Fixed assets
€156,147 ▼ 32.1%
Current assets
€551,948 ▼ 1.7%
Equity and liabilities €708,095
Equity
€590,370 ▲ 1.3%
Debt
€117,725 ▼ 43.6%
Debt's share of the balance-sheet total falls from 26.4% to 16.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,177▼
2025 · €78,885
Cash flow
€63,853▼
2025 · €74,740
Quick ratio
4.27▲
2025 · 2.12
Debt to equity
0.20▼
2025 · 0.36
ROE
1.3%▼
2025 · 5.4%
Interest coverage
25.02▼
2025 · 39.59
Debt ≤ 1 year
€86,449▼
2025 · €166,567
Debt > 1 year
€31,275▼
2025 · €42,017
Income taxes
€5,706▼
2025 · €16,008
Staff costs
€159,888▲
2025 · €146,647
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 | 4 | 3 |
| full-time | 3 | 3 | 3 | 3 | 3 |
| part-time | - | - | 1 | 1 | - |
| in full-time equivalents | 3 | 3 | 3.8 | 3.8 | 3 |
| Average over the year, in full-time equivalents | 3.1 | 3 | 3.8 | 3 | 3 |
| On a permanent contract | 3 | 3 | 3 | 3 | 3 |
| Joined | 4 | - | 7 | 1 | 5 |
| Left | 4 | - | 6 | 1 | 6 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €9,250 | €105,214 | €145,949 | - |
| Financial fixed assets | - | €500 | - | - | - |
| Depreciation and write-downs of the year | €24,836 | €19,967 | €33,286 | €43,534 | €56,443 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €32,500 | €13,575 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €118,411 | €136,617 | €164,871 | €146,647 | €159,888 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,987 | €37,288 | €32,872 | €24,836 | €19,967 | €33,286 | €43,534 | €56,443 | ▲ 29.7% |
| Other operating charges640/8 | - | - | - | €2,708 | €2,880 | €2,718 | €2,652 | €2,325 | ▼ 12.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €2,003 | - |
| Gross operating margin9900 | €115,008 | €146,489 | €230,847 | €240,646 | €229,888 | €256,995 | €228,183 | €224,394 | ▼ 1.7% |
| Operating profit (loss)9901 | €3,245 | €3,260 | €99,856 | €94,691 | €70,424 | €56,121 | €35,351 | €3,734 | ▼ 89.4% |
| Financial income75/76B | - | - | - | €15,117 | €12,881 | €12,664 | €13,855 | €11,787 | ▼ 14.9% |
| Recurring financial income75 | €10,739 | €12,615 | €10,835 | €15,117 | €12,881 | €12,664 | €13,855 | €11,787 | ▼ 14.9% |
| Financial charges65/66B | - | - | - | €1,119 | €1,333 | €1,908 | €1,993 | €2,405 | ▲ 20.7% |
| Recurring financial charges65 | €1,784 | €1,210 | €1,052 | €1,119 | €1,333 | €1,908 | €1,993 | €2,405 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €12,200 | €14,665 | €109,639 | €108,690 | €81,972 | €66,877 | €47,213 | €13,116 | ▼ 72.2% |
| Income taxes67/77 | €1,626 | €4,239 | €22,575 | €25,297 | €18,255 | €19,532 | €16,008 | €5,706 | ▼ 64.4% |
| Profit (loss) for the period9904 | €10,575 | €10,425 | €87,065 | €83,392 | €63,717 | €47,344 | €31,206 | €7,410 | ▼ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €10,575 | €8,380 | €87,065 | €83,392 | €63,717 | €47,344 | €31,206 | €7,410 | ▼ 76.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €535,091 | €542,309 | €682,820 | €664,909 | €709,031 | €737,939 | €791,544 | €708,095 | ▼ 10.5% |
| Fixed assets21/28 | €68,165 | €68,042 | €91,237 | €66,401 | €56,185 | €127,563 | €229,978 | €156,147 | ▼ 32.1% |
| Tangible fixed assets22/27 | €66,248 | €66,125 | €89,320 | €64,483 | €53,767 | €125,695 | €228,110 | €154,279 | ▼ 32.4% |
| Plant, machinery and equipment23 | - | - | - | €3,196 | €2,305 | €1,414 | €523 | - | - |
| Furniture and vehicles24 | - | - | - | €53,682 | €36,046 | €106,719 | €214,377 | €145,421 | ▼ 32.2% |
| Other tangible fixed assets26 | - | - | - | €7,606 | €15,416 | €17,563 | €13,210 | €8,858 | ▼ 32.9% |
| Financial fixed assets28 | €1,918 | €1,918 | €1,918 | €1,918 | €2,418 | €1,868 | €1,868 | €1,868 | = |
| Current assets29/58 | €466,925 | €474,267 | €591,583 | €598,508 | €652,847 | €610,376 | €561,567 | €551,948 | ▼ 1.7% |
| Stocks and contracts in progress3 | €202,805 | €203,324 | €202,556 | €248,808 | €251,098 | €222,341 | €209,069 | €182,382 | ▼ 12.8% |
| Stocks30/36 | - | - | - | €248,808 | €251,098 | €222,341 | €209,069 | €182,382 | ▼ 12.8% |
| Amounts receivable within one year40/41 | €27,076 | €26,873 | €32,376 | €34,442 | €41,712 | €38,674 | €19,335 | €34,900 | ▲ 80.5% |
| Trade receivables40 | - | - | - | €33,848 | €41,117 | €38,080 | €18,740 | €19,822 | ▲ 5.8% |
| Other amounts receivable41 | - | - | - | €595 | €595 | €595 | €595 | €15,078 | ▲ 25× |
| Cash at bank and in hand54/58 | €236,735 | €243,982 | €356,650 | €315,258 | €360,036 | €347,122 | €325,044 | €324,896 | = |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €2,238 | €8,118 | €9,770 | ▲ 20.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €535,091 | €542,309 | €682,820 | €664,909 | €709,031 | €737,939 | €791,544 | €708,095 | ▼ 10.5% |
| Equity10/15 | €420,736 | €431,162 | €489,626 | €523,018 | €558,160 | €576,754 | €582,960 | €590,370 | ▲ 1.3% |
| Contributions10/11 | €62,000 | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €358,736 | €369,162 | €427,626 | €461,018 | €496,160 | €510,545 | €516,645 | €524,045 | ▲ 1.4% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €2,045 | €2,045 | €2,045 | €2,045 | €2,045 | = |
| Distributable reserves133 | - | - | - | €452,773 | €487,915 | €502,300 | €508,400 | €515,800 | ▲ 1.5% |
| Profit (loss) carried forward14 | - | - | - | - | - | €4,209 | €4,315 | €4,325 | ▲ 0.2% |
| Amounts payable17/49 | €114,355 | €111,148 | €193,194 | €141,891 | €150,872 | €161,185 | €208,584 | €117,725 | ▼ 43.6% |
| Amounts payable after more than one year17 | €9,036 | €695 | - | - | - | - | €42,017 | €31,275 | ▼ 25.6% |
| Financial debts170/4 | - | - | - | - | - | - | €42,017 | €31,275 | ▼ 25.6% |
| Amounts payable within one year42/48 | €105,319 | €110,453 | €193,194 | €141,891 | €150,872 | €161,185 | €166,567 | €86,449 | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €10,421 | €10,742 | ▲ 3.1% |
| Trade debts44 | €41,569 | €57,088 | €100,029 | €33,310 | €54,608 | €71,561 | €64,113 | €4,044 | ▼ 93.7% |
| Suppliers440/4 | - | - | - | €33,310 | €54,608 | €71,561 | €64,113 | €4,044 | ▼ 93.7% |
| Advances received on contracts in progress46 | - | - | - | €1,401 | €5,585 | €6,720 | €15,408 | €12,836 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | - | - | €53,853 | €58,873 | €50,859 | €42,404 | €44,038 | ▲ 3.9% |
| Taxes450/3 | - | - | - | €31,996 | €35,554 | €22,908 | €14,355 | €17,822 | ▲ 24.2% |
| Remuneration and social security454/9 | - | - | - | €21,857 | €23,318 | €27,951 | €28,049 | €26,216 | ▼ 6.5% |
| Other amounts payable47/48 | - | - | - | €53,327 | €31,806 | €32,044 | €34,222 | €14,790 | ▼ 56.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,575 | €10,425 | €87,065 | €83,392 | €63,717 | €47,344 | €31,206 | €7,410 | ▼ 76.3% |
| + Depreciation and write-downs630 | €31,987 | €37,288 | €32,872 | €24,836 | €19,967 | €33,286 | €43,534 | €56,443 | ▲ 29.7% |
| Operating cash flow (approximation) | €42,562 | €47,713 | €119,937 | €108,229 | €83,683 | €80,630 | €74,740 | €63,853 | ▼ 14.6% |
| Investment in fixed assets (approximation) | - | -€37,165 | -€56,067 | €0 | -€9,750 | -€104,664 | -€145,949 | €17,388 | - |
| Change in cash | - | €7,247 | €112,668 | -€41,392 | €44,778 | -€12,914 | -€22,078 | -€148 | ▲ 99.3% |
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, 17,041 companies had the same profile as Van Dijck has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Van Dijck 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 17,041 companies, not a prediction for Van Dijck. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 28-10-2026 | 2026-00570554 | |
| 31-03-2025 | abbreviated format | 28-10-2025 | 2025-00550975 | |
| 31-03-2024 | abbreviated format | 14-11-2024 | 2024-00533505 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00499027 | |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20476063 | |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-74200013 | |
| 31-03-2020 | abbreviated format | 27-11-2020 | 2020-72200023 | |
| 31-03-2019 | abbreviated format | 25-10-2019 | 2019-71200465 | |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-70500286 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68200296 |