DNF GROUP
ActiveSummary
DNF GROUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.60M and a net result of €423k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-4
Solvency64▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.93 in 2024; short-term debt: 13.3% and cash: 1.2% of total assets), and 60.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
39.5%
Return on assets
10.5%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
13 d early
2024
7 d early
2023
16 d early
2022
7 d early
2021
4 d late
2020
120 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.60M▲ 22.6%
2024 · €1.30M
2020: €1.01Mlowest in 6 years
2021: €1.89M▲ +86.1% vs 2020
2022: €2.27M▲ +20.4% vs 2021
2023: €2.67M▲ +17.4% vs 2022highest in 6 years
2024: €1.30M▼ -51.2% vs 2023
2025: €1.60M▲ +22.6% vs 2024
2020 → 2025
Total assets
€4.05M▼ 1.5%
2024 · €4.11M
2020: €1.60Mlowest in 6 years
2021: €4.02M▲ +151% vs 2020
2022: €4.15M▲ +3.2% vs 2021highest in 6 years
2023: €4.12M▼ -0.6% vs 2022
2024: €4.11M▼ -0.3% vs 2023
2025: €4.05M▼ -1.5% vs 2024
2020 → 2025
Net result
€423k▼ 23.4%
2024 · €553k
2020: €968lowest in 6 years
2021: €1.02M▲ +105124% vs 2020highest in 6 years
2022: €505k▼ -50.4% vs 2021
2023: €517k▲ +2.2% vs 2022
2024: €553k▲ +7.0% vs 2023
2025: €423k▼ -23.4% vs 2024
2020 → 2025
Working capital
€-305k▼ 800%
2024 · €-34k
2020: €968
2021: €23k▲ +2237% vs 2020
2022: €66k▲ +192% vs 2021highest in 6 years
2023: €24k▼ -64.1% vs 2022
2024: €-34k▼ -243% vs 2023
2025: €-305k▼ -800% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.89M-€2.27M▲ 20.4%€2.67M▲ 17.4%€1.30M▼ 51.2%€1.60M▲ 22.6%
2021: €1.89M
2022: €2.27M▲ +20.4% vs 2021
2023: €2.67M▲ +17.4% vs 2022highest in 5 years
2024: €1.30M▼ -51.2% vs 2023lowest in 5 years
2025: €1.60M▲ +22.6% vs 2024
Operating result€433k-€514k▲ 18.7%€532k▲ 3.5%€608k▲ 14.4%€423k▼ 30.5%
2021: €433k
2022: €514k▲ +18.7% vs 2021
2023: €532k▲ +3.5% vs 2022
2024: €608k▲ +14.4% vs 2023highest in 5 years
2025: €423k▼ -30.5% vs 2024lowest in 5 years
Net result€1.02M-€505k▼ 50.4%€517k▲ 2.2%€553k▲ 7.0%€423k▼ 23.4%
2021: €1.02Mhighest in 5 years
2022: €505k▼ -50.4% vs 2021
2023: €517k▲ +2.2% vs 2022
2024: €553k▲ +7.0% vs 2023
2025: €423k▼ -23.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.05M
Fixed assets
€3.81M ▲ 5.2%
Current assets
€232k ▼ 51.9%
Equity and liabilities €4.05M
Equity
€1.60M ▲ 22.6%
Debt
€2.45M ▼ 12.7%
Debt's share of the balance-sheet total falls from 68.3% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€431k▼
2024 · €609k
Cash flow
€432k▼
2024 · €553k
Current ratio
0.43▼
2024 · 0.93
Debt to equity
1.53▼
2024 · 2.15
ROE
26.5%▼
2024 · 42.4%
ROA
10.5%▼
2024 · 13.5%
Interest coverage
17.39▼
2024 · 19.09
Debt ≤ 1 year
€536k▲
2024 · €516k
Debt > 1 year
€1.91M▼
2024 · €2.28M
Income taxes
€106k▼
2024 · €150k
Staff costs
€131k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.11M€4.05M▼
Fixed assets21/28€3.63M€3.81M▲
Tangible fixed assets22/27€3k€199k▲
Furniture and vehicles24€3k€199k▲
Financial fixed assets28€3.62M€3.62M▼
Current assets29/58€482k€232k▼
Amounts receivable within one year40/41€205k€132k▼
Trade receivables40€137k€24k▼
Other amounts receivable41€68k€109k▲
Cash at bank and in hand54/58€249k€50k▼
Deferred charges and accrued income490/1€28k€49k▲
Equity and liabilities
Total equity and liabilities10/49€4.11M€4.05M▼
Equity10/15€1.30M€1.60M▲
Contributions10/11€869k€869k=
Reserves13€433k€728k▲
Tax-exempt reserves132-€84k
Distributable reserves133€433k€644k▲
Profit (loss) carried forward14€968€0▼
Amounts payable17/49€2.81M€2.45M▼
Amounts payable after more than one year17€2.28M€1.91M▼
Financial debts170/4€1.04M€907k▼
Other amounts payable178/9€1.24M€1.00M▼
Amounts payable within one year42/48€516k€536k▲
Current portion of amounts payable after more than one year42€362k€355k▼
Trade debts44€62k€110k▲
Suppliers440/4€62k€110k▲
Taxes, remuneration and social security45€91k€64k▼
Taxes450/3€85k€50k▼
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€614€8k▲
Accrued charges and deferred income492/3€10k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€60k€131k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€768€8k▲
Other operating charges640/8€1k€13k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€671k€575k▼
Operating profit (loss)9901€608k€423k▼
Financial income75/76B€126k€131k▲
Recurring financial income75€126k€131k▲
Financial charges65/66B€32k€25k▼
Recurring financial charges65€32k€25k▼
Profit (loss) for the period before taxes9903€703k€529k▼
Income taxes67/77€150k€106k▼
Profit (loss) for the period9904€553k€423k▼
Transfer to tax-exempt reserves689-€84k
Profit (loss) for the period to be appropriated9905€553k€339k▼
Appropriation of the result
Profit (loss) to be appropriated9906€554k€340k▼
Profit (loss) brought forward from the previous period14P€968€968=
Transfer from equity791/2€1.80M€0▼
Transfer to equity691/2€433k€211k▼
To other reserves6921€433k€211k▼
Profit to be distributed694/7€1.92M€129k▼
Return on contributions (dividend)694€1.92M€129k▼
Social balance
Average headcount (FTE)90870.91.8▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €113k | €79k | €42k | €60k | €131k | ▲ 117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €143 | €659 | €768 | €8k | ▲ 985% |
| Other operating charges640/8 | €857 | €1k | €2k | €1k | €13k | ▲ 898% |
| Non-recurring operating charges66A | - | - | €17k | €0 | - | - |
| Gross operating margin9900 | €547k | €594k | €593k | €671k | €575k | ▼ 14.3% |
| Operating profit (loss)9901 | €433k | €514k | €532k | €608k | €423k | ▼ 30.5% |
| Financial income75/76B | €710k | €129k | €128k | €126k | €131k | ▲ 3.9% |
| Recurring financial income75 | €710k | €129k | €128k | €126k | €131k | ▲ 3.9% |
| Financial charges65/66B | €20k | €11k | €11k | €32k | €25k | ▼ 22.3% |
| Recurring financial charges65 | €20k | €11k | €11k | €32k | €25k | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €1.12M | €632k | €650k | €703k | €529k | ▼ 24.7% |
| Income taxes67/77 | €105k | €127k | €133k | €150k | €106k | ▼ 29.6% |
| Profit (loss) for the period9904 | €1.02M | €505k | €517k | €553k | €423k | ▼ 23.4% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €84k | - |
| Profit (loss) for the period to be appropriated9905 | €1.02M | €505k | €517k | €553k | €339k | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.02M | €4.15M | €4.12M | €4.11M | €4.05M | ▼ 1.5% |
| Fixed assets21/28 | €3.63M | €3.63M | €3.63M | €3.63M | €3.81M | ▲ 5.2% |
| Tangible fixed assets22/27 | - | €1k | €2k | €3k | €199k | ▲ 7,467% |
| Furniture and vehicles24 | - | €1k | €2k | €3k | €199k | ▲ 7,467% |
| Financial fixed assets28 | €3.63M | €3.63M | €3.63M | €3.62M | €3.62M | ▼ 0.2% |
| Current assets29/58 | €393k | €519k | €494k | €482k | €232k | ▼ 51.9% |
| Amounts receivable within one year40/41 | €224k | €464k | €390k | €205k | €132k | ▼ 35.5% |
| Trade receivables40 | €38k | €167k | €145k | €137k | €24k | ▼ 82.8% |
| Other amounts receivable41 | €186k | €297k | €245k | €68k | €109k | ▲ 60.0% |
| Cash at bank and in hand54/58 | €167k | €53k | €98k | €249k | €50k | ▼ 79.8% |
| Deferred charges and accrued income490/1 | €2k | €2k | €6k | €28k | €49k | ▲ 78.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.02M | €4.15M | €4.12M | €4.11M | €4.05M | ▼ 1.5% |
| Equity10/15 | €1.89M | €2.27M | €2.67M | €1.30M | €1.60M | ▲ 22.6% |
| Contributions10/11 | €869k | €869k | €869k | €869k | €869k | = |
| Reserves13 | €1.02M | €1.40M | €1.80M | €433k | €728k | ▲ 68.2% |
| Tax-exempt reserves132 | - | - | - | - | €84k | - |
| Distributable reserves133 | €1.02M | €1.40M | €1.80M | €433k | €644k | ▲ 48.7% |
| Profit (loss) carried forward14 | €968 | €968 | €968 | €968 | €0 | ▼ 100% |
| Amounts payable17/49 | €2.13M | €1.87M | €1.45M | €2.81M | €2.45M | ▼ 12.7% |
| Amounts payable after more than one year17 | €1.76M | €1.42M | €981k | €2.28M | €1.91M | ▼ 16.3% |
| Financial debts170/4 | €1.76M | €1.42M | €981k | €1.04M | €907k | ▼ 12.8% |
| Other amounts payable178/9 | - | - | - | €1.24M | €1.00M | ▼ 19.3% |
| Amounts payable within one year42/48 | €370k | €453k | €470k | €516k | €536k | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €197k | €199k | €244k | €362k | €355k | ▼ 2.0% |
| Trade debts44 | €427 | €17k | €63k | €62k | €110k | ▲ 77.3% |
| Suppliers440/4 | €427 | €17k | €63k | €62k | €110k | ▲ 77.3% |
| Taxes, remuneration and social security45 | €172k | €237k | €163k | €91k | €64k | ▼ 29.4% |
| Taxes450/3 | €160k | €232k | €163k | €85k | €50k | ▼ 41.0% |
| Remuneration and social security454/9 | €12k | €4k | €121 | €6k | €14k | ▲ 128% |
| Other amounts payable47/48 | €614 | €614 | €614 | €614 | €8k | ▲ 1,149% |
| Accrued charges and deferred income492/3 | €883 | €883 | €0 | €10k | €5k | ▼ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.02M | €505k | €517k | €553k | €423k | ▼ 23.4% |
| + Depreciation and write-downs630 | €0 | €143 | €659 | €768 | €8k | ▲ 985% |
| Operating cash flow (approximation) | €1.02M | €506k | €517k | €553k | €432k | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | €-1k | €-2k | €209 | €-196k | ▼ 93,888% |
| Change in cash | - | €-115k | €45k | €152k | €-199k | ▼ 231% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
17-09
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
11-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
27-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.27M ▲20.4%
3 profitable years in a row build equity to €2.27M.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Highest result since 2020net €1.02M ▲105,124%
Net result €1.02M, the highest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Antwerpen · 1 establishment unit since 2019
Ground area
3,873 m²
Building footprint
1,078 m²
Volume, LiDAR
17,712 m³
Parcel 11810K0015/00B003, Flanders · tallest building 21.7 m, ±6 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
dnf group
since 20192.292.896.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0015/00B003 | Flanders | 3,873 m² | 1 · 1,078 m² | 21.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 105 EUR | 1,000 EUR |
| 2022 | 1 | 895 EUR | 0 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 3,513 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.