ACTIVE

DTO

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Financial year 2025 · closed on 31/12/2025
Net result
75,1 k €
-90.1% YoY
Revenue
1,7 M €
-92.0% YoY
Equity
1,8 M €
-41.7% YoY

What does DTO do?

DTO is a Public limited company incorporated in 1994. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Herstal.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0452.126.797
Incorporation
16/03/1994
Legal form
Public limited company
Registered office
Rue d'Abhooz 23
4040 Herstal · WallonieSee on map
Contributed capital
1 593 204,51 €
Latest accounts
31/12/2025
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation45331Sale of motor vehicle parts and accessories
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue1,7 M €21,2 M €38,9 M €13,6 M €12,7 M €17 M €13,2 M €17,7 M €20,9 M €21,6 M €31,6 M €37,7 M €32,5 M €23,7 M €23,8 M €20,9 M €15 M €19,3 M €14,4 M €
EBITDA62 k €836,9 k €-2,1 M €1,1 M €1,1 M €919,9 k €1,2 M €1,3 M €8,4 M €-3,1 M €1,5 M €618 k €1,3 M €1,3 M €887,4 k €869,3 k €714,4 k €1,1 M €842,3 k €
Operating result-5,2 k €689,6 k €-2,9 M €927 k €884,9 k €771,8 k €773,4 k €491,5 k €7,7 M €-3,7 M €968,4 k €209,5 k €970,5 k €650,1 k €491,2 k €416,4 k €231,1 k €757,3 k €399 k €
Net result75,1 k €761,9 k €-3 M €826,9 k €782,5 k €702,5 k €508,6 k €186,6 k €7,3 M €-4,1 M €482,2 k €40 k €93,7 k €1,2 M €297,1 k €148,8 k €146,9 k €331,9 k €51,8 k €
Balance sheet
Equity1,8 M €3,1 M €2,3 M €16,2 M €15,3 M €14,6 M €13,9 M €13,4 M €10,5 M €3,2 M €7,3 M €7,2 M €7,2 M €7,1 M €6,8 M €5,6 M €5,5 M €5,3 M €5 M €
Total assets4,1 M €6,5 M €10,2 M €27,4 M €26,1 M €25,9 M €31,7 M €30,1 M €27,8 M €25 M €29,4 M €27,2 M €24,8 M €20,8 M €21,7 M €20,2 M €16,1 M €16,1 M €16,2 M €
Cash59,1 k €18,2 k €87,4 k €294,2 k €266,7 k €1,1 M €209,9 k €588,5 k €453,1 k €373,1 k €303,1 k €1,4 M €603,2 k €777,8 k €784,7 k €848,4 k €543,6 k €419,7 k €726,4 k €
Debts2,3 M €3,4 M €7,9 M €11,1 M €10,7 M €11 M €17,6 M €16,7 M €17,2 M €21,6 M €22,1 M €20 M €17,5 M €13,5 M €14,8 M €14,4 M €10,6 M €10,7 M €11 M €
Other
Workforce–––83,5 ETP88,5 ETP92,3 ETP98,8 ETP111,5 ETP145,3 ETP154,6 ETP129,6 ETP158,6 ETP165,9 ETP143,6 ETP146,6 ETP135,1 ETP119,8 ETP121,1 ETP127,0 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 31/12/2025 · 4 active · 37 ended

Active mandates

DELTA REFRIGERATION

Managing director · since 24 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 REFRIGERATION

Managing director · since 14 février 2024 · until 21 juin 2029 · 0478.086.967

Represented by Philippe Douin

Ended
Claude DOUIN

Managing director · since 08 juillet 2020 · until 11 juin 2026

Ended
Claude DOUIN

Managing director · since 08 juillet 2020 · until 29 octobre 2026

Ended
DELTA GROUP

Director · since 08 juillet 2020 · until 11 juin 2026 · 0885.817.262

Represented by Philippe Douin

Ended
At this address

Other companies at this address

CompanyCBE no.
BIOM● Active
0894.997.620
DELTA GROUP● Active
0885.817.262
DELTA MAINTENANCE● Active
0471.022.201
DELTA REFRIGERATION● Active
0478.086.967
DELTA THERMIC● Active
0718.718.629
DELTA THERMIC - VERTON FRERES● Active
0553.875.641
DTBE-DTO● Active
1010.616.472
PHDJ● Active
0431.035.138
SM DELTA THERMIC-VMA● Active
0799.409.365
Annual accounts

Full financial information

202520242023202120202019
Type of accountFull modelFull modelFull modelFull 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 date13/07/202608/07/202512/01/202422/07/202220/07/202123/07/2020
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
Full model31/12/202517/06/202613/07/2026FrenchPDF
Full model31/12/202425/06/202508/07/2025FrenchPDF
Full model30/06/202315/12/202312/01/2024FrenchPDF
Full model31/12/202129/06/202222/07/2022FrenchPDF
Full model31/12/202023/06/202120/07/2021FrenchPDF
Full model31/12/201908/07/202023/07/2020FrenchPDF
Full model31/12/201821/06/201919/07/2019FrenchPDF
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 model31/12/201430/06/201527/07/2015FrenchPDF
Full model31/12/201316/06/201415/07/2014FrenchPDF
Full model31/12/201225/06/201305/07/2013FrenchPDF
Full model31/12/201128/06/201212/07/2012FrenchPDF
Full model31/12/201009/06/201105/07/2011FrenchPDF
Full model31/12/200921/06/201024/08/2010FrenchPDF
Full model31/12/200811/06/200908/07/2009FrenchPDF
Full model31/12/200712/06/200801/07/2008FrenchPDF
Full model31/12/200615/06/200709/07/2007FrenchPDF
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 31/12/2025 · 4 active · 37 ended

Active mandates

DELTA REFRIGERATION

Managing director · since 24 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 REFRIGERATION

Managing director · since 14 février 2024 · until 21 juin 2029 · 0478.086.967

Represented by Philippe Douin

Ended
Claude DOUIN

Managing director · since 08 juillet 2020 · until 11 juin 2026

Ended
Claude DOUIN

Managing director · since 08 juillet 2020 · until 29 octobre 2026

Ended
DELTA GROUP

Director · since 08 juillet 2020 · until 11 juin 2026 · 0885.817.262

Represented by Philippe Douin

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
  • Restructuring19/05/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS
    PDF
  • Restructuring19/05/2023
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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
  • Other16/12/2022
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates09/02/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION
    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 202575,1 k €↓
  2. 2024
    Annual accounts 2024761,9 k €↑
  3. 2023
    Annual accounts 2023-3 M €↓
  4. 2021
    Annual accounts 2021826,9 k €↑
  5. 2021
    Name changeDTO
  6. 2020
    Annual accounts 2020782,5 k €↑
  7. 2019
    Annual accounts 2019702,5 k €↑
  8. 2018
    Annual accounts 2018508,6 k €↑
  9. 2017
    Annual accounts 2017186,6 k €↓
  10. 2016
    Annual accounts 20167,3 M €↑
  11. 2015
    Annual accounts 2015-4,1 M €↓
  12. 2014
    Annual accounts 2014482,2 k €↑
  13. 2013
    Annual accounts 201340 k €↓
  14. 2012
    Annual accounts 201293,7 k €↓
  15. 2011
    Annual accounts 20111,2 M €↑
  16. 2010
    Annual accounts 2010297,1 k €↑
  17. 2009
    Annual accounts 2009148,8 k €↑
  18. 2008
    Annual accounts 2008146,9 k €↓
  19. 2007
    Annual accounts 2007331,9 k €↑
  20. 2006
    Annual accounts 200651,8 k €
  21. 2006
    Name changeDELTA THERMIC
  22. 16/03/1994
    IncorporationPublic limited company