DAVAKO
ActiveSummary
DAVAKO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.67M and a net result of €883k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-26
Solvency93▲+34
Growth58▼-6
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days acceptable
Liquidity ample (current ratio 4.01 against 1.55 in 2024; short-term debt: 24.9% and cash: 2.4% of total assets), and 32.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
67.8%
Return on assets
12.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
1 d early
2023
8 d early
2022
10 d early
2021
19 d late
2020
16 d early
2019
8 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€26.10M▼ 28.9%
2024 · €36.72M
2018: €34.59M
2019: €38.70M
2020: €43.13M
2021: €39.18M
2022: €34.28M
2023: €41.16M
2024: €36.72M
2018 → 2025
EBIT margin
4.5%▼ 11.6pp
2024 · 16.1%
2018: -8.3%
2019: 10.0%
2020: 0.8%
2021: -15.3%
2022: 5.3%
2023: 15.8%
2024: 16.1%
2018 → 2025
Net result
€883k▼ 81.0%
2024 · €4.64M
2018: €-2.84M
2019: €3.62M
2020: €358k
2021: €-6.03M
2022: €1.66M
2023: €6.10M
2024: €4.64M
2018 → 2025
Working capital
€5.17M▲ 31.9%
2024 · €3.92M
2018: €5.09M
2019: €3.47M
2020: €6.08M
2021: €1.10M
2022: €-219k
2023: €3.50M
2024: €3.92M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€39.18M-€34.28M▼ 12.5%€41.16M▲ 20.0%€36.72M▼ 10.8%€26.10M▼ 28.9%
Equity€-2.32M-€-666k▲ 71.3%€3.34M€3.79M▲ 13.5%€4.67M▲ 23.3%
Operating result€-6.01M-€1.83M€6.48M▲ 254%€5.91M▼ 8.9%€1.18M▼ 80.1%
Net result€-6.03M-€1.66M€6.10M▲ 268%€4.64M▼ 23.9%€883k▼ 81.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6.89M
Equity
€4.67M ▲ 23.3%
Provisions
€500k
Debt
€1.72M ▼ 76.2%
Debt's share of the balance-sheet total falls from 65.6% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.18M▼
2024 · €5.91M
Cash flow
€885k▼
2024 · €4.64M
Current ratio
4.01▲
2024 · 1.55
Debt to equity
0.37▼
2024 · 1.91
ROE
18.9%▼
2024 · 122.5%
ROA
12.8%▼
2024 · 42.2%
Interest coverage
177.24▼
2024 · 8273.10
Debt ≤ 1 year
€1.72M▼
2024 · €7.09M
Income taxes
€295k▼
2024 · €1.29M
Staff costs
€90k▼
2024 · €108k
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 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.01M€6.89M▼
Fixed assets21/28€1k-
Tangible fixed assets22/27€1k-
Furniture and vehicles24€1k-
Current assets29/58€11.01M€6.89M▼
Stocks and contracts in progress3€1.29M-
Stocks30/36€1.29M-
Work in progress32€1.29M-
Amounts receivable within one year40/41€9.72M€6.72M▼
Trade receivables40€9.51M€5.54M▼
Other amounts receivable41€211k€1.18M▲
Cash at bank and in hand54/58€1k€166k▲
Equity and liabilities
Total equity and liabilities10/49€11.01M€6.89M▼
Equity10/15€3.79M€4.67M▲
Contributions10/11€700k€700k=
Capital10€700k€700k=
Issued capital100€700k€700k=
Reserves13€70k€70k=
Non-distributable reserves130/1€70k€70k=
Legal reserve130€70k€70k=
Profit (loss) carried forward14€3.02M€3.90M▲
Provisions and deferred taxes16-€500k
Provisions for liabilities and charges160/5-€500k
Other liabilities and charges164/5-€500k
Amounts payable17/49€7.22M€1.72M▼
Amounts payable within one year42/48€7.09M€1.72M▼
Trade debts44€2.31M€1.69M▼
Suppliers440/4€2.31M€1.69M▼
Taxes, remuneration and social security45€24k€24k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€20k€22k▲
Other amounts payable47/48€4.76M-
Accrued charges and deferred income492/3€134k-
Income statement
Code20242025
Operating income70/76A€36.17M€24.81M▼
Turnover70€36.72M€26.10M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-566k€-1.30M▼
Other operating income74€9k€7k▼
Non-recurring operating income76A€7k-
Operating charges60/66A€30.25M€23.63M▼
Goods for resale, raw materials and consumables60€28.99M€22.09M▼
Purchases600/8€28.99M€22.09M▼
Services and other goods61€1.18M€963k▼
Remuneration, social security and pensions62€108k€90k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-20k€-14k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€500k
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€5.91M€1.18M▼
Financial income75/76B€20k€8k▼
Recurring financial income75€20k€8k▼
Income from current assets751€20k€8k▼
Other financial income752/9€5€5▲
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Debt charges650€715€7k▲
Other financial charges652/9€1k€1k▲
Profit (loss) for the period before taxes9903€5.93M€1.18M▼
Income taxes67/77€1.29M€295k▼
Taxes670/3€1.29M€296k▼
Tax adjustments and reversals of tax provisions77-€1k
Profit (loss) for the period9904€4.64M€883k▼
Profit (loss) for the period to be appropriated9905€4.64M€883k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.21M€3.90M▼
Profit (loss) brought forward from the previous period14P€2.57M€3.02M▲
Profit to be distributed694/7€4.19M-
Return on contributions (dividend)694€4.19M-
Social balance
Average headcount (FTE)90870.90.8▼
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
19-03
State Gazette act
Resignations: Ann Danis, Stefaan Lambrecht and Marie LambrechtAppointments: Joris Brams, Danagro and Marie Lambrecht · Permanent representatives: Joris Brams and Stefaan Lambrecht14 facts ▸
State Gazette act
Resignations: Ann Danis, Stefaan Lambrecht and Marie Lambrecht
Appointments: Joris Brams, Danagro and Marie Lambrecht · Permanent representatives: Joris Brams and Stefaan Lambrecht14 facts ▸
- General meeting, 02/02/2026
- Board meeting, 02/02/2026
- Director resignation, Ann Danis (director)
- Director resignation, Stefaan Lambrecht (director)
- Director resignation, Marie Lambrecht (director)
- Director appointment, Joris Brams (director)
- Director appointment, Danagro (director)
- Director appointment, Marie Lambrecht (director)
- Permanent representative, Joris Brams
- Permanent representative, Stefaan Lambrecht
- Director resignation, Ann Danis (managing director)
- Director resignation, Stefaan Lambrecht (managing director)
- +2 further facts in this act
2025
30-09
Financial
Liquidity triplescurrent ratio 4.01
Current ratio from 1.55 to 4.01; short-term debt falls from €7.09M to €1.72M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €6.10M ▲268%
Operating result €6.48M, net result €6.10M, both a record.
30-09
Financial
Equity above €2MEq €3.34M
2 profitable years in a row build equity to €3.34M.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €1.66M
Net result €1.66M after one loss-making year.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
30-09
Financial
Weakest financial yearnet €-6.03M ▼1783%
Net result drops to €-6.03M, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €3.62M
Net result €3.62M after one loss-making year.
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
JORIS BRAMS
CurrentDirector · since 02-02-2026 · Private limited company
Marie Lambrecht
CurrentDirector · since 02-02-2026
02-02-2026
JORIS BRAMS: Appointed as Director
02-02-2026
JORIS BRAMS: Appointed as Managing director
02-02-2026
Marie Lambrecht: Reappointed as Director
02-02-2026
Marie Lambrecht: Resigned as Managing director
02-02-2026
Ann Danis: Resigned as Director
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Knijffelingstraat 158851 ArdooieGround area
7,899 m²
Building footprint
530 m²
Parcel 37005C0830/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
DAVAKO
since 19882.040.459.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005C0830/00C000 | Flanders | 7,899 m² | 1 · 530 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
18 connected companiesLinked via shared directors
via Marie Lambrecht · Director
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via Marie Lambrecht · Director
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via Marie Lambrecht · Director
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via Marie Lambrecht · Director
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Show 14 more companies with a shared director
via Marie Lambrecht · Permanent representative
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via Marie Lambrecht · Director
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via Marie Lambrecht · Bestuurder categorie d
former→
via Marie Lambrecht · Director
former→
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.040.459.336
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Of 902 companies in sector 01461 we hold annual accounts for 295. 146 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-09-1988
Fiscal year end30-09
Activities, NACEBEL 2025
01410Raising of dairy cattle
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.