ACTIVE

DIVACO

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

26,7 k €

+126.8% YoY

Gross margin

51 k €

+224.6% YoY

Equity

509,3 k €

+5.5% YoY

What does DIVACO do?

DIVACO is a Private limited company incorporated in 1983. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.817.438

Incorporation

25/11/1983

Legal form

Private limited company

Registered office

Wiedauwkaai 87
9000 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	51 k €	+225%	-41 k €	-284%	22,3 k €	+1.1%	22,1 k €	-91.3%	253,7 k €	+4.4%	243 k €	+99.5%	121,8 k €	+74.2%	69,9 k €	+21.9%	57,4 k €	+9.1%	52,6 k €	+15.3%	45,6 k €	-64.6%	128,9 k €	+6.2%	121,4 k €	+23.4%	98,4 k €	+42.7%	68,9 k €	-30.6%	99,3 k €	-4.7%	104,2 k €	+35.0%	77,1 k €	+2.4%	75,3 k €
EBITDA	39,7 k €	+159%	-67,5 k €	-354%	-14,9 k €	+55.8%	-33,6 k €	-116%	206,8 k €	+15.9%	178,4 k €	+147%	72,3 k €	+26.2%	57,3 k €	-4.7%	60,1 k €	+262%	16,6 k €	+199%	5,6 k €	-95.0%	110,1 k €	-5.6%	116,5 k €	+22.5%	95,1 k €	+71.9%	55,3 k €	-22.2%	71,1 k €	-6.0%	75,6 k €	+6.4%	71,1 k €	-4.9%	74,8 k €
Operating result	32,1 k €	+136%	-89,8 k €	-140%	-37,4 k €	+29.4%	-53,1 k €	-128%	191,2 k €	+35.1%	141,6 k €	+243%	41,3 k €	+33.3%	31 k €	-8.4%	33,8 k €	+421%	-10,5 k €	-260%	-2,9 k €	-103%	101,6 k €	+2.9%	98,7 k €	+60.9%	61,3 k €	+83.2%	33,5 k €	-35.7%	52 k €	-4.6%	54,5 k €	-4.8%	57,3 k €	+44.9%	39,5 k €
Net result	26,7 k €	+127%	-99,7 k €	-75.2%	-56,9 k €	+21.3%	-72,3 k €	-157%	125,7 k €	+35.4%	92,8 k €	+265%	25,4 k €	+73.3%	14,7 k €	-16.2%	17,5 k €	+363%	-6,7 k €	-222%	-2,1 k €	-103%	71,4 k €	+9.3%	65,3 k €	+61.7%	40,4 k €	+119%	18,4 k €	-44.8%	33,3 k €	-8.5%	36,4 k €	+0.0%	36,4 k €	+38.0%	26,4 k €
Balance sheet
Equity	509,3 k €	+5.5%	482,6 k €	-17.1%	582,2 k €	-8.9%	639,1 k €	-10.2%	711,4 k €	+21.5%	585,7 k €	+18.3%	494,9 k €	+5.4%	469,5 k €	+3.2%	454,8 k €	+4.0%	437,2 k €	-1.5%	443,9 k €	-0.5%	446 k €	+19.1%	374,6 k €	+21.1%	309,3 k €	+15.0%	268,9 k €	+7.3%	250,5 k €	+15.4%	217,2 k €	+20.2%	180,7 k €	+25.2%	144,3 k €
Total assets	684,1 k €	+1.1%	676,9 k €	-16.7%	812,4 k €	-12.8%	931,4 k €	-8.6%	1 M €	+15.0%	885,9 k €	+30.8%	677,5 k €	+20.9%	560,5 k €	+1.0%	554,7 k €	+2.9%	539,2 k €	-13.2%	621 k €	+5.7%	587,5 k €	+42.1%	413,4 k €	+9.4%	377,9 k €	+22.1%	309,4 k €	+4.9%	294,9 k €	+2.9%	286,6 k €	+30.4%	219,8 k €	-30.9%	318,1 k €
Cash	5,4 k €	-93.9%	87,7 k €	+173%	32,1 k €	-41.7%	55,2 k €	-16.2%	65,9 k €	-71.4%	230,4 k €	+126%	102 k €	+12.9%	90,4 k €	+90.2%	47,5 k €	+64.4%	28,9 k €	-51.2%	59,2 k €	+75.4%	33,8 k €	-20.1%	42,2 k €	-69.2%	137,3 k €	+399%	27,5 k €	+1627905%	1,7 €	0.0%	1,7 €	-100.0%	21 k €	+101%	10,4 k €
Debts	167,5 k €	-6.3%	178,8 k €	-18.7%	220 k €	-24.1%	290 k €	-5.1%	305,7 k €	+3.1%	296,5 k €	+65.2%	179,4 k €	+97.1%	91 k €	-9.0%	100 k €	-1.9%	101,9 k €	-42.4%	177,1 k €	+25.5%	141,1 k €	+264%	38,8 k €	-43.5%	68,7 k €	+69.4%	40,5 k €	-8.8%	44,5 k €	-36.0%	69,5 k €	+78.1%	39 k €	-77.6%	173,8 k €
Other
Workforce	–		–		0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		0,7 ETP	-36.4%	1,1 ETP	+83.3%	0,6 ETP		–		–		0,2 ETP	-80.0%	1,0 ETP	0.0%	1,0 ETP	+400%	0,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 14 ended

Active mandates

Liliane JACOBS

Director · since 04 juin 2008

Active

Steven VAN CAENEGEN

Director · since 04 juin 2007

Active

HOLDING IMMOTUR

Director · since 04 mars 2005 · 0421.652.763

Active

Ended mandates

HOLDING IMMOTUR

Manager · since 04 mars 2011 · until 04 mars 2017 · 0421.652.763

Represented by Luc VAN CAENEGEM

Ended

Liliane Jacobs

Manager · since 04 juin 2008

Ended

Steve, VAN CAENEGEM

Manager · since 04 novembre 2007

Ended

Steven Van Caenegem

Manager · since 04 novembre 2007

Ended

At this address

Other companies at this address

Company	CBE no.
CVC INVEST● Active	0843.949.290
Furniture Alcos● Active	0466.110.437
HOLDING IMMOTUR● Active	0421.652.763
IMMO DAUWE● Active	0435.528.218
IMMO POMPIERKE● Active	0456.581.671
STEMA● Active	0469.263.036
VANCANIM● Active	0438.906.093

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/04/2026	31/03/2025	24/04/2024	03/04/2023	09/04/2022	03/04/2021
General meeting	31/03/2026	25/03/2025	26/03/2024	28/03/2023	29/03/2022	30/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	20/04/2026	Dutch	PDF
Abridged model	30/09/2024	25/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	26/03/2024	24/04/2024	Dutch	PDF
Abridged model	30/09/2022	28/03/2023	03/04/2023	Dutch	PDF
Abridged model	30/09/2021	29/03/2022	09/04/2022	Dutch	PDF
Abridged model	30/09/2020	30/03/2021	03/04/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	08/04/2020	Dutch	PDF
Abridged model	30/09/2018	26/03/2019	25/04/2019	Dutch	PDF
Abridged model	30/09/2017	27/03/2018	23/04/2018	Dutch	PDF
Abridged model	30/09/2016	28/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	29/03/2016	22/04/2016	Dutch	PDF
Abridged model	30/09/2014	31/03/2015	17/04/2015	Dutch	PDF
Abridged model	30/09/2013	18/04/2014	25/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	27/03/2012	29/08/2012	Dutch	PDF
Abridged model	30/09/2010	29/03/2011	01/04/2011	Dutch	PDF
Abridged model	30/09/2009	23/04/2010	28/04/2010	Dutch	PDF
Abridged model	30/09/2008	24/03/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	25/03/2008	18/04/2008	Dutch	PDF
Abridged model	30/09/2006	27/03/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/09/2025 · 3 active · 14 ended

Active mandates

Liliane JACOBS

Director · since 04 juin 2008

Active

Steven VAN CAENEGEN

Director · since 04 juin 2007

Active

HOLDING IMMOTUR

Director · since 04 mars 2005 · 0421.652.763

Active

Ended mandates

HOLDING IMMOTUR

Manager · since 04 mars 2011 · until 04 mars 2017 · 0421.652.763

Represented by Luc VAN CAENEGEM

Ended

Liliane Jacobs

Manager · since 04 juin 2008

Ended

Steve, VAN CAENEGEM

Manager · since 04 novembre 2007

Ended

Steven Van Caenegem

Manager · since 04 novembre 2007

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/05/2006
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares24/01/2006
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/07/2005
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/06/2005
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202526,7 k €↑
2024
Annual accounts 2024-99,7 k €↓
2023
Annual accounts 2023-56,9 k €↑
2022
Annual accounts 2022-72,3 k €↓
2021
Annual accounts 2021125,7 k €↑
2020
Annual accounts 202092,8 k €↑
2019
Annual accounts 201925,4 k €↑
2018
Annual accounts 201814,7 k €↓
2017
Annual accounts 201717,5 k €↑
2016
Annual accounts 2016-6,7 k €↓
2015
Annual accounts 2015-2,1 k €↓
2014
Annual accounts 201471,4 k €↑
2013
Annual accounts 201365,3 k €↑
2012
Annual accounts 201240,4 k €↑
2011
Annual accounts 201118,4 k €↓
2010
Annual accounts 201033,3 k €↓
2009
Annual accounts 200936,4 k €↑
2008
Annual accounts 200836,4 k €↑
2007
Annual accounts 200726,4 k €
25/11/1983
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DIVACO

Overview

What does DIVACO do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline