ACTIVE

DAO

Financial year 2025 · closed on 31/12/2025
Net result
-1,3 M €
-59.8% YoY
Gross margin
-64,7 k €
+91.6% YoY
Equity
5,1 M €
-20.5% YoY

What does DAO do?

DAO is a Public limited company incorporated in 1979. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Visé.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0419.180.550
Incorporation
01/01/1979
Legal form
Public limited company
Registered office
Rue de Maestricht(VIS) 106
4600 Visé · WallonieSee on map
Contributed capital
6 826 862,99 €
Latest accounts
31/12/2025
Joint committees (3)
  • 124
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-64,7 k €-767 k €-1,2 M €-166,4 k €
EBITDA-107,7 k €-925,7 k €-1,5 M €-168 k €1,4 M €126,9 k €2,7 M €-3,2 M €1,2 M €595,8 k €882,7 k €164,1 k €369,7 k €621 k €-1,2 M €-1,2 M €526,7 k €-190 k €439,4 k €
Operating result-1,5 M €-1,1 M €-2,4 M €921,8 k €1,4 M €101 k €1,8 M €-3,9 M €849,3 k €407,9 k €669,5 k €-92,5 k €167,2 k €289 k €-1,3 M €-1,6 M €240,2 k €-308,2 k €330,5 k €
Net result-1,3 M €-819,5 k €-2,2 M €1 M €1,5 M €198,9 k €1,7 M €-4,2 M €686,7 k €305,2 k €501,8 k €-205 k €19,5 k €2,9 M €-1,5 M €-1,7 M €36,5 k €-392 k €184,5 k €
Balance sheet
Equity5,1 M €6,4 M €7,2 M €2,9 M €1,9 M €1 M €803,2 k €-891,3 k €2,9 M €2,2 M €1,9 M €1,4 M €1,6 M €1,6 M €-1,9 M €-392,9 k €1 M €975,4 k €1,3 M €
Total assets10,5 M €14,5 M €18 M €6,9 M €7,5 M €7,3 M €8,4 M €8,5 M €8,3 M €8 M €7,7 M €7,4 M €7,9 M €6,9 M €8,4 M €7,1 M €8,2 M €6,1 M €6,1 M €
Cash183,6 k €166,3 k €180,4 k €249,8 k €1,6 M €1,8 M €2 M €162,1 k €149 k €78,1 k €47,4 k €221,6 k €254,1 k €271 k €48,5 k €272,3 k €714,8 k €241,6 k €991,9 k €
Debts1,5 M €4,2 M €6,9 M €125,6 k €725,8 k €155,1 k €1,3 M €4,5 M €5,1 M €5,3 M €5,3 M €5,5 M €5,8 M €4,8 M €9,8 M €7,4 M €7,1 M €5,1 M €4,7 M €
Other
Workforce59,5 ETP65,2 ETP66,0 ETP64,0 ETP67,5 ETP73,6 ETP68,4 ETP66,8 ETP86,4 ETP96,7 ETP74,9 ETP57,0 ETP52,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 39 ended

Active mandates

DELTA REFRIGERATION

Director · since 14 février 2024 · until 21 juin 2029 · 0478.086.967

Represented by Philippe DOUIN

Active
Jonas DOUIN

Director · since 15 décembre 2023 · until 21 juin 2029

Active
LXB MANAGEMENT

Director · since 15 décembre 2023 · until 21 juin 2029 · 0847.216.212

Represented by Benoit LEVAUX

Active
NOSHAQ

Director · since 15 décembre 2023 · until 21 juin 2029 · 0426.624.509

Represented by Christine GERARDY

Active

Ended mandates

DELTA GROUP

Managing director · since 28 juin 2023 · until 25 octobre 2029 · 0885.817.262

Represented by Philippe DOUIN

Ended
LXB MANAGEMENT

Director · since 28 juin 2023 · until 25 octobre 2029 · 0847.216.212

Represented by Benoit LEVAUX

Ended
NOSHAQ

Director · since 28 juin 2023 · until 25 octobre 2029 · 0426.624.509

Represented by Christine GERARDY

Ended
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 19 janvier 2018 · until 25 mars 2019 · 0426.887.397

Represented by Isabelle DEVOS

Ended
At this address

Other companies at this address

CompanyCBE no.
Iso - CalorActive
0406.501.264
Annual accounts

Full financial information

202520242023202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull model
Start of the financial year01/01/202501/07/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202531/12/202430/06/202331/12/202131/12/202031/12/2019
Length of the financial year12 months18 months18 months12 months12 months12 months
Filing date13/07/202630/06/202512/01/202427/07/202227/08/202123/07/2020
General meeting17/06/202625/06/202515/12/202329/06/202223/06/202108/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/06/202613/07/2026FrenchPDF
Abridged model31/12/202425/06/202530/06/2025FrenchPDF
Abridged model30/06/202315/12/202312/01/2024FrenchPDF
Abridged model31/12/202129/06/202227/07/2022DutchPDF
Full model31/12/202023/06/202127/08/2021DutchPDF
Full model31/12/201908/07/202023/07/2020DutchPDF
Full model31/12/201821/06/201928/08/2019DutchPDF
Full model31/12/201724/10/201831/10/2018FrenchPDF
Full model31/12/201629/06/201724/07/2017FrenchPDF
Full model31/12/201507/07/201626/07/2016FrenchPDF
Full model31/12/201430/06/201523/07/2015FrenchPDF
Full model31/12/201316/06/201423/07/2014FrenchPDF
Full model31/12/201225/06/201304/07/2013FrenchPDF
Full model31/12/201128/06/201219/07/2012FrenchPDF
Full model31/12/201008/07/201111/07/2011FrenchPDF
Full model31/12/200930/06/201001/10/2010FrenchPDF
Full model31/12/200830/06/200913/08/2009FrenchPDF
Full model31/12/200730/06/200829/07/2008FrenchPDF
Full model31/12/200615/06/200715/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 39 ended

Active mandates

DELTA REFRIGERATION

Director · since 14 février 2024 · until 21 juin 2029 · 0478.086.967

Represented by Philippe DOUIN

Active
Jonas DOUIN

Director · since 15 décembre 2023 · until 21 juin 2029

Active
LXB MANAGEMENT

Director · since 15 décembre 2023 · until 21 juin 2029 · 0847.216.212

Represented by Benoit LEVAUX

Active
NOSHAQ

Director · since 15 décembre 2023 · until 21 juin 2029 · 0426.624.509

Represented by Christine GERARDY

Active

Ended mandates

DELTA GROUP

Managing director · since 28 juin 2023 · until 25 octobre 2029 · 0885.817.262

Represented by Philippe DOUIN

Ended
LXB MANAGEMENT

Director · since 28 juin 2023 · until 25 octobre 2029 · 0847.216.212

Represented by Benoit LEVAUX

Ended
NOSHAQ

Director · since 28 juin 2023 · until 25 octobre 2029 · 0426.624.509

Represented by Christine GERARDY

Ended
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 19 janvier 2018 · until 25 mars 2019 · 0426.887.397

Represented by Isabelle DEVOS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other10/07/2024
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates20/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring19/05/2023
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring19/05/2023
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring01/03/2023
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring01/03/2023
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office17/02/2023
    MAATSCHAPPELIJKE ZETEL
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-1,3 M €
  2. 2024
    Annual accounts 2024-819,5 k €
  3. 2023
    Annual accounts 2023-2,2 M €
  4. 2021
    Annual accounts 20211 M €
  5. 2020
    Annual accounts 20201,5 M €
  6. 2019
    Annual accounts 2019198,9 k €
  7. 2018
    Annual accounts 20181,7 M €
  8. 2018
    Name changeDAO
  9. 2017
    Annual accounts 2017-4,2 M €
  10. 2016
    Annual accounts 2016686,7 k €
  11. 2015
    Annual accounts 2015305,2 k €
  12. 2014
    Annual accounts 2014501,8 k €
  13. 2013
    Annual accounts 2013-205 k €
  14. 2012
    Annual accounts 201219,5 k €
  15. 2011
    Annual accounts 20112,9 M €
  16. 2010
    Annual accounts 2010-1,5 M €
  17. 2009
    Annual accounts 2009-1,7 M €
  18. 2008
    Annual accounts 200836,5 k €
  19. 2007
    Annual accounts 2007-392 k €
  20. 2006
    Annual accounts 2006184,5 k €
  21. 2006
    Name changeGABRIEL DANNEELS
  22. 01/01/1979
    IncorporationPublic limited company