ACTIVE

DISFINANCE

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Financial year 2025 · closed on 31/12/2025

Net result

401,4 k €

+73.9% YoY

Gross margin

264,1 k €

+23.0% YoY

Equity

1,3 M €

+24.8% YoY

Workforce

0,0 ETP

What does DISFINANCE do?

DISFINANCE is a Private limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.316.661

Incorporation

02/01/1990

Legal form

Private limited company

Registered office

Reinaertdreef 4
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

75 104,17 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 64200Activities of holding companies 64210Activities of holding companies 68201Rental and operating of own or leased real estate+2

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	264,1 k €	+23.0%	214,7 k €	-12.9%	246,6 k €	+43.4%	172 k €	+18.2%	145,5 k €	+87.1%	77,8 k €	+271%	-45,4 k €	-170%	64,6 k €	+788%	-9,4 k €	-231%	7,1 k €	+1293%	-598,7 €	-104%	16,3 k €	-78.0%	74,2 k €	-6.7%	79,5 k €	+64.7%	48,2 k €	-63.4%	131,9 k €	-1.1%	133,3 k €	+2761%	4,7 k €
EBITDA	221,9 k €	+10.4%	201,1 k €	-15.9%	238,9 k €	+44.5%	165,3 k €	+48.1%	111,6 k €	+73.0%	64,5 k €	-45.3%	117,9 k €	+123%	52,9 k €	+263%	-32,4 k €	-818%	4,5 k €	-40.6%	7,6 k €	-87.9%	62,8 k €	+89.7%	33,1 k €	+27.8%	25,9 k €	+30.9%	19,8 k €	-83.3%	118,4 k €	+1.4%	116,8 k €	+2120%	-5,8 k €
Operating result	127,1 k €	+16.2%	109,4 k €	-11.0%	122,9 k €	+60.3%	76,7 k €	-23.5%	100,3 k €	+270%	27,1 k €	-51.5%	55,9 k €	+29.7%	43,1 k €	+233%	-32,4 k €	-818%	4,5 k €	-34.1%	6,9 k €	-88.9%	61,9 k €	+94.5%	31,8 k €	+45.4%	21,9 k €	+39.9%	15,7 k €	-86.3%	114,2 k €	-0.5%	114,8 k €	+1600%	-7,7 k €
Net result	401,4 k €	+73.9%	230,8 k €	+3.4%	223,2 k €	+166%	83,9 k €	-36.3%	131,6 k €	-52.6%	277,8 k €	+305%	68,6 k €	+96.8%	34,8 k €	+4813%	709,1 €	-97.5%	28,7 k €	+96.6%	14,6 k €	-24.8%	19,4 k €	+14.6%	16,9 k €	+2281%	-776,8 €	-101%	107,1 k €	-12.8%	122,8 k €	+5.5%	116,5 k €	+3016%	3,7 k €
Balance sheet
Equity	1,3 M €	+24.8%	1 M €	-5.6%	1,1 M €	+26.0%	859 k €	+6.1%	810 k €	+22.4%	661,8 k €	+72.4%	384 k €	+3.7%	370,1 k €	+10.4%	335,3 k €	-9.1%	368,8 k €	-0.3%	370,1 k €	+4.1%	355,5 k €	+5.8%	336,1 k €	+5.3%	319,1 k €	-31.8%	467,9 k €	+29.7%	360,8 k €	+51.6%	238 k €	+95.8%	121,5 k €
Total assets	2,7 M €	-2.7%	2,8 M €	-1.6%	2,8 M €	+5.5%	2,7 M €	+50.3%	1,8 M €	-4.4%	1,9 M €	+70.6%	1,1 M €	+24.4%	873 k €	-8.3%	952,2 k €	-4.7%	999 k €	+59.4%	626,6 k €	+4.8%	597,9 k €	-10.5%	667,9 k €	+4.1%	641,4 k €	-18.7%	789,4 k €	+2.7%	769 k €	+6.2%	723,8 k €	+122%	325,5 k €
Cash	98,4 k €	+98.8%	49,5 k €	+1416%	3,3 k €	-91.7%	39,3 k €	+124%	17,6 k €	+4.4%	16,8 k €	+11.8%	15 k €	+4003%	366,6 €	-87.8%	3 k €	-28.7%	4,2 k €	+21.3%	3,5 k €	+163%	1,3 k €	-97.6%	54,5 k €	-33.1%	81,5 k €	-54.9%	180,8 k €	+1325%	12,7 k €	+1030%	1,1 k €	-44.6%	2 k €
Debts	1,4 M €	-19.3%	1,7 M €	+0.9%	1,7 M €	-4.3%	1,8 M €	+90.4%	932,1 k €	-19.3%	1,2 M €	+72.4%	669,5 k €	+121%	303,6 k €	-28.6%	425,2 k €	-7.1%	457,5 k €	+446%	83,7 k €	+41.8%	59 k €	-33.2%	88,4 k €	-25.1%	118,1 k €	-28.6%	165,4 k €	-40.3%	277,1 k €	-24.3%	366 k €	+287%	94,5 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

AGRA

Director · since 16 janvier 2017 · 0445.740.833

Represented by Verschueren EMILE

Active

Ended mandates

AGRA

Manager · since 16 janvier 2017 · 0445.740.833

Represented by Emile Verschueren

Ended

Emile Verschueren

Manager · since 18 décembre 1989

Ended

Emile Verschueren

Manager · until 16 janvier 2017

Ended

Emile Verschueren

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AGRA● Active	0445.740.833
DISTRADE● Active	0449.797.710

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2026	25/07/2025	24/07/2024	24/07/2023	25/07/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	16/09/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	24/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 4 ended

Active mandates

AGRA

Director · since 16 janvier 2017 · 0445.740.833

Represented by Verschueren EMILE

Active

Ended mandates

AGRA

Manager · since 16 janvier 2017 · 0445.740.833

Represented by Emile Verschueren

Ended

Emile Verschueren

Manager · since 18 décembre 1989

Ended

Emile Verschueren

Manager · until 16 janvier 2017

Ended

Emile Verschueren

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates24/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/05/2010
KAPITAAL - AANDELEN
PDF
Registered office10/01/2006
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/07/2005
KAPITAAL - AANDELEN - BOEKJAAR
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 2025401,4 k €↑
2024
Annual accounts 2024230,8 k €↑
2023
Annual accounts 2023223,2 k €↑
2022
Annual accounts 202283,9 k €↓
2021
Annual accounts 2021131,6 k €↓
2018
Annual accounts 2018277,8 k €↑
2017
Annual accounts 201768,6 k €↑
2016
Annual accounts 201634,8 k €↑
2015
Annual accounts 2015709,1 €↓
2014
Annual accounts 201428,7 k €↑
2013
Annual accounts 201314,6 k €↓
2012
Annual accounts 201219,4 k €↑
2011
Annual accounts 201116,9 k €↑
2010
Annual accounts 2010-776,8 €↓
2009
Annual accounts 2009107,1 k €↓
2008
Annual accounts 2008122,8 k €↑
2007
Annual accounts 2007116,5 k €↑
2006
Annual accounts 20063,7 k €
02/01/1990
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

DISFINANCE

Overview

What does DISFINANCE do?

Trend over 18 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