DON
ActiveSummary
DON has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.30M and a net result of €66k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-55
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 43.93 against 8.65 in 2024; short-term debt: 1.2% and cash: 43.7% of total assets), and 1.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
98.7%
Return on assets
2.9%
Age of the figures
12 mo
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
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 27-02-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
82 d early
2023
104 d early
2022
59 d early
2021
51 d early
2020
17 d early
2019
107 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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.30M▼ 1.9%
2024 · €2.34M
2018: €1.10Mlowest in 8 years
2019: €1.18M▲ +6.6% vs 2018
2020: €1.32M▲ +11.6% vs 2019
2021: €1.38M▲ +4.7% vs 2020
2022: €1.51M▲ +9.6% vs 2021
2023: €1.57M▲ +3.9% vs 2022
2024: €2.34M▲ +49.4% vs 2023highest in 8 years
2025: €2.30M▼ -1.9% vs 2024
2018 → 2025
Total assets
€2.33M▼ 7.1%
2024 · €2.51M
2018: €1.43Mlowest in 8 years
2019: €1.52M▲ +6.2% vs 2018
2020: €1.44M▼ -5.5% vs 2019
2021: €1.46M▲ +1.3% vs 2020
2022: €1.64M▲ +12.3% vs 2021
2023: €1.65M▲ +0.5% vs 2022
2024: €2.51M▲ +52.3% vs 2023highest in 8 years
2025: €2.33M▼ -7.1% vs 2024
2018 → 2025
Net result
€66k▼ 91.4%
2024 · €775k
2018: €25klowest in 8 years
2019: €73k▲ +188% vs 2018
2020: €137k▲ +87.2% vs 2019
2021: €62k▼ -54.9% vs 2020
2022: €132k▲ +114% vs 2021
2023: €58k▼ -55.8% vs 2022
2024: €775k▲ +1225% vs 2023highest in 8 years
2025: €66k▼ -91.4% vs 2024
2018 → 2025
Working capital
€1.21M▼ 3.5%
2024 · €1.25M
2018: €4klowest in 8 years
2019: €76k▲ +1851% vs 2018
2020: €215k▲ +182% vs 2019
2021: €297k▲ +38.3% vs 2020
2022: €419k▲ +41.1% vs 2021
2023: €477k▲ +14.0% vs 2022
2024: €1.25M▲ +162% vs 2023highest in 8 years
2025: €1.21M▼ -3.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.38M-€1.51M▲ 9.6%€1.57M▲ 3.9%€2.34M▲ 49.4%€2.30M▼ 1.9%
2021: €1.38Mlowest in 5 years
2022: €1.51M▲ +9.6% vs 2021
2023: €1.57M▲ +3.9% vs 2022
2024: €2.34M▲ +49.4% vs 2023highest in 5 years
2025: €2.30M▼ -1.9% vs 2024
Operating result€88k-€191k▲ 118%€82k▼ 57.0%€163k▲ 99.7%€92k▼ 43.8%
2021: €88k
2022: €191k▲ +118% vs 2021highest in 5 years
2023: €82k▼ -57.0% vs 2022lowest in 5 years
2024: €163k▲ +99.7% vs 2023
2025: €92k▼ -43.8% vs 2024
Net result€62k-€132k▲ 114%€58k▼ 55.8%€775k▲ 1,225%€66k▼ 91.4%
2021: €62k
2022: €132k▲ +114% vs 2021
2023: €58k▼ -55.8% vs 2022lowest in 5 years
2024: €775k▲ +1225% vs 2023highest in 5 years
2025: €66k▼ -91.4% vs 2024
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 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.33M
Fixed assets
€1.09M =
Current assets
€1.24M ▼ 12.6%
Equity and liabilities €2.33M
Equity
€2.30M ▼ 1.9%
Debt
€29k ▼ 82.3%
Debt's share of the balance-sheet total falls from 6.6% to 1.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
43.93▲
2024 · 8.65
Debt to equity
0.01▼
2024 · 0.07
ROE
2.9%▼
2024 · 33.1%
ROA
2.9%▼
2024 · 30.9%
Debt ≤ 1 year
€28k▼
2024 · €164k
Income taxes
€26k▼
2024 · €115k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.51M€2.33M▼
Fixed assets21/28€1.09M€1.09M=
Financial fixed assets28€1.09M€1.09M=
Current assets29/58€1.42M€1.24M▼
Amounts receivable within one year40/41€147k€220k▲
Trade receivables40€113k€212k▲
Other amounts receivable41€34k€8k▼
Cash at bank and in hand54/58€1.27M€1.02M▼
Equity and liabilities
Total equity and liabilities10/49€2.51M€2.33M▼
Equity10/15€2.34M€2.30M▼
Contributions10/11€355k€319k▼
Reserves13€1.27M€1.27M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.27M€1.27M▼
Profit (loss) carried forward14€713k€713k=
Amounts payable17/49€165k€29k▼
Amounts payable within one year42/48€164k€28k▼
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€109k€19k▼
Taxes450/3€109k€19k▼
Other amounts payable47/48€51k€6k▼
Accrued charges and deferred income492/3€960€991▲
Income statement
Code20242025
Other operating charges640/8€2k€2k▲
Gross operating margin9900€166k€94k▼
Operating profit (loss)9901€163k€92k▼
Financial income75/76B€726k€1k▼
Recurring financial income75€726k€1k▼
Financial charges65/66B€54€101▲
Recurring financial charges65€54€101▲
Profit (loss) for the period before taxes9903€890k€93k▼
Income taxes67/77€115k€26k▼
Profit (loss) for the period9904€775k€66k▼
Profit (loss) for the period to be appropriated9905€775k€66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.49M€779k▼
Profit (loss) brought forward from the previous period14P€713k€713k=
Transfer from equity791/2-€73k
Transfer to equity691/2€775k€66k▼
To other reserves6921€775k€66k▼
Profit to be distributed694/7-€73k
Return on contributions (dividend)694-€73k
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €0 | - | - | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 6.3% |
| Gross operating margin9900 | €98k | €192k | €84k | €166k | €94k | ▼ 43.1% |
| Operating profit (loss)9901 | €88k | €191k | €82k | €163k | €92k | ▼ 43.8% |
| Financial income75/76B | - | - | - | €726k | €1k | ▼ 99.9% |
| Recurring financial income75 | - | - | - | €726k | €1k | ▼ 99.9% |
| Financial charges65/66B | - | €85 | €66 | €54 | €101 | ▲ 86.2% |
| Recurring financial charges65 | €262 | €85 | €66 | €54 | €101 | ▲ 86.2% |
| Profit (loss) for the period before taxes9903 | €87k | €190k | €82k | €890k | €93k | ▼ 89.6% |
| Income taxes67/77 | €25k | €58k | €23k | €115k | €26k | ▼ 77.0% |
| Profit (loss) for the period9904 | €62k | €132k | €58k | €775k | €66k | ▼ 91.4% |
| Profit (loss) for the period to be appropriated9905 | €62k | €132k | €58k | €775k | €66k | ▼ 91.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.46M | €1.64M | €1.65M | €2.51M | €2.33M | ▼ 7.1% |
| Fixed assets21/28 | €1.09M | €1.09M | €1.09M | €1.09M | €1.09M | = |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €1.09M | €1.09M | €1.09M | €1.09M | €1.09M | = |
| Current assets29/58 | €368k | €548k | €555k | €1.42M | €1.24M | ▼ 12.6% |
| Amounts receivable within one year40/41 | €246k | €411k | €328k | €147k | €220k | ▲ 49.6% |
| Trade receivables40 | - | €404k | €322k | €113k | €212k | ▲ 88.0% |
| Other amounts receivable41 | - | €7k | €7k | €34k | €8k | ▼ 76.9% |
| Cash at bank and in hand54/58 | €121k | €137k | €227k | €1.27M | €1.02M | ▼ 19.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.46M | €1.64M | €1.65M | €2.51M | €2.33M | ▼ 7.1% |
| Equity10/15 | €1.38M | €1.51M | €1.57M | €2.34M | €2.30M | ▼ 1.9% |
| Contributions10/11 | - | €355k | €355k | €355k | €319k | ▼ 10.3% |
| Reserves13 | €309k | €441k | €500k | €1.27M | €1.27M | ▼ 0.5% |
| Non-distributable reserves130/1 | - | €37k | €37k | €0 | - | - |
| Reserves not available under the articles1311 | - | €37k | €37k | €0 | - | - |
| Distributable reserves133 | - | €405k | €463k | €1.27M | €1.27M | ▼ 0.5% |
| Profit (loss) carried forward14 | €713k | €713k | €713k | €713k | €713k | = |
| Amounts payable17/49 | €82k | €130k | €79k | €165k | €29k | ▼ 82.3% |
| Amounts payable within one year42/48 | €71k | €129k | €78k | €164k | €28k | ▼ 82.8% |
| Trade debts44 | €4k | €3k | €4k | €4k | €4k | ▼ 0.1% |
| Suppliers440/4 | - | €3k | €4k | €4k | €4k | ▼ 0.1% |
| Taxes, remuneration and social security45 | - | €77k | €20k | €109k | €19k | ▼ 82.8% |
| Taxes450/3 | - | €77k | €20k | €109k | €19k | ▼ 82.8% |
| Other amounts payable47/48 | - | €49k | €54k | €51k | €6k | ▼ 89.0% |
| Accrued charges and deferred income492/3 | - | €868 | €868 | €960 | €991 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €132k | €58k | €775k | €66k | ▼ 91.4% |
| + Depreciation and write-downs630 | €9k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €71k | €132k | €58k | €775k | €66k | ▼ 91.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €15k | €90k | €1.04M | €-252k | ▼ 124% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity times 5current ratio 43.93
Current ratio from 8.65 to 43.93; short-term debt falls from €164k to €28k.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €775k ▲1,225%
Net result €775k, the highest in the series.
30-09
Financial
Equity above €2MEq €2.34M ▲49.4%
7 profitable years in a row build equity to €2.34M.
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.22 to 2.71; short-term debt falls from €338k to €126k.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tielt-Winge · 1 establishment unit since 2011
Ground area
2,668 m²
Building footprint
364 m²
Volume, LiDAR
1,944 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DON
since 20112.196.353.578
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106E0328/00D004 | Flanders | 1,708 m² | 1 · 218 m² | 6.8 m · 2 fl. |
| 24106C0393/00R000 | Flanders | 960 m² | 1 · 146 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,524 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
Founded06-01-2011
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.